Reported Earnings • Jul 27
First quarter 2027 earnings released: EPS: ₹5.30 (vs ₹2.56 in 1Q 2026) First quarter 2027 results: EPS: ₹5.30 (up from ₹2.56 in 1Q 2026). Revenue: ₹4.92b (up 28% from 1Q 2026). Net income: ₹319.1m (up 107% from 1Q 2026). Profit margin: 6.5% (up from 4.0% in 1Q 2026). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Jun 03
Upcoming dividend of ₹2.00 per share Eligible shareholders must have bought the stock before 10 June 2026. Payment date: 20 July 2026. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (0.6%). Declared Dividend • May 14
Dividend reduced to ₹2.00 Dividend of ₹2.00 is 20% lower than last year. Ex-date: 10th June 2026 Payment date: 20th July 2026 Dividend yield will be 0.9%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (14% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 85% to shift the payout ratio to a potentially unsustainable range, which is more than the 4.9% EPS decline seen over the last 5 years. Annuncio • May 13
Seshasayee Paper and Boards Limited announces Annual dividend, payable on July 20, 2026 Seshasayee Paper and Boards Limited announced Annual dividend of INR 2.0000 per share payable on July 20, 2026, ex-date on June 10, 2026 and record date on June 10, 2026. New Risk • May 13
New major risk - Revenue and earnings growth Earnings have declined by 4.7% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 4.7% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • May 13
Full year 2026 earnings released: EPS: ₹13.70 (vs ₹18.13 in FY 2025) Full year 2026 results: EPS: ₹13.70 (down from ₹18.13 in FY 2025). Revenue: ₹17.6b (flat on FY 2025). Net income: ₹825.3m (down 24% from FY 2025). Profit margin: 4.7% (down from 6.2% in FY 2025). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Annuncio • May 12
Seshasayee Paper and Boards Limited, Annual General Meeting, Jun 20, 2026 Seshasayee Paper and Boards Limited, Annual General Meeting, Jun 20, 2026, at 11:00 Indian Standard Time. Annuncio • Apr 16
Seshasayee Paper and Boards Limited to Report Fiscal Year 2026 Results on May 12, 2026 Seshasayee Paper and Boards Limited announced that they will report fiscal year 2026 results on May 12, 2026 Reported Earnings • Feb 01
Third quarter 2026 earnings released: EPS: ₹3.10 (vs ₹2.76 in 3Q 2025) Third quarter 2026 results: EPS: ₹3.10 (up from ₹2.76 in 3Q 2025). Revenue: ₹3.97b (down 7.9% from 3Q 2025). Net income: ₹186.4m (up 12% from 3Q 2025). Profit margin: 4.7% (up from 3.9% in 3Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Annuncio • Jan 15
Seshasayee Paper and Boards Limited to Report Q3, 2026 Results on Jan 31, 2026 Seshasayee Paper and Boards Limited announced that they will report Q3, 2026 results at 9:08 AM, Indian Standard Time on Jan 31, 2026 Reported Earnings • Oct 26
Second quarter 2026 earnings released: EPS: ₹3.72 (vs ₹4.73 in 2Q 2025) Second quarter 2026 results: EPS: ₹3.72 (down from ₹4.73 in 2Q 2025). Revenue: ₹3.60b (down 9.7% from 2Q 2025). Net income: ₹224.1m (down 21% from 2Q 2025). Profit margin: 6.2% (down from 7.1% in 2Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Annuncio • Oct 03
Seshasayee Paper and Boards Limited to Report Q2, 2026 Results on Oct 25, 2025 Seshasayee Paper and Boards Limited announced that they will report Q2, 2026 results at 9:08 AM, Indian Standard Time on Oct 25, 2025 Reported Earnings • Jul 20
First quarter 2026 earnings released: EPS: ₹2.56 (vs ₹6.14 in 1Q 2025) First quarter 2026 results: EPS: ₹2.56 (down from ₹6.14 in 1Q 2025). Revenue: ₹3.99b (down 5.5% from 1Q 2025). Net income: ₹154.3m (down 58% from 1Q 2025). Profit margin: 3.9% (down from 8.8% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Annuncio • Jul 07
Seshasayee Paper and Boards Limited to Report Q1, 2026 Results on Jul 19, 2025 Seshasayee Paper and Boards Limited announced that they will report Q1, 2026 results at 12:08 PM, Indian Standard Time on Jul 19, 2025 Upcoming Dividend • May 28
Upcoming dividend of ₹2.50 per share Eligible shareholders must have bought the stock before 04 June 2025. Payment date: 16 June 2025. Payout ratio is a comfortable 14% but the company is not cash flow positive. Trailing yield: 0.9%. Lower than top quartile of Indian dividend payers (1.3%). Higher than average of industry peers (0.5%). Declared Dividend • May 14
Dividend reduced to ₹2.50 Dividend of ₹2.50 is 50% lower than last year. Ex-date: 4th June 2025 Payment date: 14th July 2025 Dividend yield will be 0.9%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is covered by earnings (11% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 88% to shift the payout ratio to a potentially unsustainable range, which is more than the 9.7% EPS decline seen over the last 5 years. Annuncio • May 12
Seshasayee Paper and Boards Limited, Annual General Meeting, Jun 14, 2025 Seshasayee Paper and Boards Limited, Annual General Meeting, Jun 14, 2025, at 11:00 Indian Standard Time. Reported Earnings • May 12
Full year 2025 earnings released: EPS: ₹18.13 (vs ₹44.96 in FY 2024) Full year 2025 results: EPS: ₹18.13 (down from ₹44.96 in FY 2024). Revenue: ₹18.2b (up 1.2% from FY 2024). Net income: ₹1.09b (down 60% from FY 2024). Profit margin: 6.0% (down from 15% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Annuncio • May 11
Seshasayee Paper and Boards Limited Recommends Dividend of for the Financial Year 2024-25 The Board of Directors of the Seshasayee Paper and Boards Limited at their meeting held on May 10, 2025, recommended payment of Dividend of INR 2.50 per Equity Share of INR 2 each, for the financial year 2024-25 for approval of the Members of the Company at the upcoming 65th Annual General Meeting. Record Date is June 5, 2025. Annuncio • Apr 24
Seshasayee Paper and Boards Limited to Report Fiscal Year 2025 Results on May 10, 2025 Seshasayee Paper and Boards Limited announced that they will report fiscal year 2025 results on May 10, 2025 Annuncio • Mar 22
Seshasayee Paper and Boards Limited Approves the Appointment of S Srinivas as Company Secretary and Compliance Officer Seshasayee Paper and Boards Limited at their board meeting held on March 22, 2025, approved the appointment of Sri S Srinivas, Senior Vice President & CFO, as Company Secretary and Compliance Officer of the Company, with effect from March 22, 2025 in accordance with Companies Act, 2013, Regulation 6 of SEBI (Listing obligations and Disclosure Requirements) Regulations, 2015 and other such applicable Regulations. His qualification is B.Com, ACMA, CGMA, ACS. He is an Associate Member of the Institute of Company Secretaries of India (ACS: A34072). He has over 20 years' experience in the areas of Finance, IT, Legal and Secretarial Compliances. Reported Earnings • Jan 18
Third quarter 2025 earnings released: EPS: ₹2.76 (vs ₹11.45 in 3Q 2024) Third quarter 2025 results: EPS: ₹2.76 (down from ₹11.45 in 3Q 2024). Revenue: ₹4.52b (down 4.6% from 3Q 2024). Net income: ₹166.3m (down 76% from 3Q 2024). Profit margin: 3.7% (down from 15% in 3Q 2024). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Jan 04
Seshasayee Paper and Boards Limited to Report Q3, 2025 Results on Jan 17, 2025 Seshasayee Paper and Boards Limited announced that they will report Q3, 2025 results at 12:08 PM, Indian Standard Time on Jan 17, 2025 Annuncio • Nov 29
Seshasayee Paper and Boards Limited Announces Resignation of Mr. K Narayanan from the Post of Company Secretary and Compliance Officer & Whole Time Key Managerial Personnel, Effective December 31, 2024 Seshasayee Paper and Boards Limited has accepted the resignation of Mr. K Narayanan from the post of 'Company Secretary and Compliance Officer & Whole Time Key Managerial Personnel of the Company with effect from December 31, 2024 (Close of Business Hours). Resigned for personal and family reasons. Reported Earnings • Oct 20
Second quarter 2025 earnings released: EPS: ₹4.73 (vs ₹12.15 in 2Q 2024) Second quarter 2025 results: EPS: ₹4.73 (down from ₹12.15 in 2Q 2024). Revenue: ₹4.14b (up 14% from 2Q 2024). Net income: ₹284.7m (down 61% from 2Q 2024). Profit margin: 6.9% (down from 20% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 23% per year and the company’s share price has also increased by 23% per year. Board Change • Sep 03
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Chandrasekaran Chandramouli was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Annuncio • Aug 29
Seshasayee Paper and Boards Limited Announces Directorate Appointments Seshasayee Paper and Boards Limited announced that the Shareholders of the Company have approved and have passed the following business, by overwhelming majority through Postal Ballot on August 29, 2024. Appointment of Dr. M Sai Kumar as a Nominee Director of the Company, not liable to retire by rotation, by way of Ordinary Resolution; Appointment of Sri T.C. A Ranganathan as Independent Director of the Company, not liable to retire by rotation, by way of Special Resolution. Appointment of Dr. C Chandramouli, IAS (Retd.) as Independent Director of the Company, not liable to retire by rotation, by way of Special Resolution. Dr. M Sai Kumar: 57 years; Brief profile: Chairman and MD- The Tamilnadu Industrial Investment Corporation Limited (Government Undertaking); T.C. A Ranganathan: 70 years; Brief profile: Sri T.C. A Ranganathan, a career banker for 4 decades, has worked in various leadership positions in SBI and was later appointed as CMD of EXIM Bank in year 2010. He had also served Non-Executive Chairman of IOB. Dr. C Chandramouli- 63 years; Brief profile: Dr. C Chandramouli, IAS (Retd.) has over 3 and half decades of governance experience of local, state and national levels with exposure to working in multilateral agencies at the international level. The date of appointments are 20 July, 2024. Buy Or Sell Opportunity • Aug 24
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 11% to ₹367. The fair value is estimated to be ₹305, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 35%. Reported Earnings • Jul 21
First quarter 2025 earnings released: EPS: ₹6.14 (vs ₹11.91 in 1Q 2024) First quarter 2025 results: EPS: ₹6.14 (down from ₹11.91 in 1Q 2024). Revenue: ₹4.37b (up 2.4% from 1Q 2024). Net income: ₹370.0m (down 48% from 1Q 2024). Profit margin: 8.5% (down from 17% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Annuncio • Jul 10
Seshasayee Paper and Boards Limited to Report Q1, 2025 Results on Jul 20, 2024 Seshasayee Paper and Boards Limited announced that they will report Q1, 2025 results on Jul 20, 2024 Upcoming Dividend • May 15
Upcoming dividend of ₹5.00 per share Eligible shareholders must have bought the stock before 22 May 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 1.5%. Within top quartile of Indian dividend payers (1.2%). Higher than average of industry peers (0.8%). Annuncio • Apr 29
Seshasayee Paper and Boards Limited, Annual General Meeting, Jun 01, 2024 Seshasayee Paper and Boards Limited, Annual General Meeting, Jun 01, 2024, at 11:00 Indian Standard Time. Reported Earnings • Apr 28
Full year 2024 earnings released: EPS: ₹44.96 (vs ₹65.72 in FY 2023) Full year 2024 results: EPS: ₹44.96 (down from ₹65.72 in FY 2023). Revenue: ₹18.0b (down 14% from FY 2023). Net income: ₹2.71b (down 32% from FY 2023). Profit margin: 15% (down from 19% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Annuncio • Apr 28
Seshasayee Paper and Boards Limited Recommends Dividend for the Financial Year 2023-2024, Payable on or After June 3, 2024 Seshasayee Paper and Boards Limited announced that at its board meeting held on April 27, 2024, the board of directors has recommended payment of dividend of INR 5 per equity share of INR 2 each, for the financial year 2023-2024. The dividend, if approved by the Members at the upcoming 64th Annual General Meeting to be held on June 1, 2024, will be paid on or after June 3, 2024. Annuncio • Apr 11
Seshasayee Paper and Boards Limited to Report Q4, 2024 Results on Apr 27, 2024 Seshasayee Paper and Boards Limited announced that they will report Q4, 2024 results on Apr 27, 2024 Board Change • Apr 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Sheela Balakrishnan was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Annuncio • Mar 07
Seshasayee Paper and Boards Limited Appoints Sheela Balakrishnan as an Independent Director Seshasayee Paper and Boards Limited by Special Resolutions, the shareholders approved the appointment of Smt Sheela Balakrishnan IAS (Retd.), as an Independent Director. Smt. Sheela Balakrishnan, the 1976 batch Indian Administrative Service (IAS) officer, started her career as assistant collector (training) in Thanjavur, Tamil Nadu, in 1977 and has held various important positions like Director of Social Welfare, Commissioner of Industries and Commerce, Transport secretary, Head of the Anna Institute of Management, Additional chief secretary (social welfare and nutritious meal programme), before she was elevated to the pivotal position of Chief Secretary for the Tamil Nadu Government during the period from 2013 to 2014. Smt Sheela Balakrishnan retired from Service on March 31, 2014. On retirement, she was made advisor to the Govt. of Tamil Nadu from April 2014 to Feb. 2017. Reported Earnings • Jan 21
Third quarter 2024 earnings released: EPS: ₹11.45 (vs ₹18.52 in 3Q 2023) Third quarter 2024 results: EPS: ₹11.45 (down from ₹18.52 in 3Q 2023). Revenue: ₹4.85b (down 13% from 3Q 2023). Net income: ₹689.8m (down 38% from 3Q 2023). Profit margin: 14% (down from 20% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Annuncio • Dec 23
Seshasayee Paper and Boards Limited to Report Q3, 2024 Results on Jan 20, 2024 Seshasayee Paper and Boards Limited announced that they will report Q3, 2024 results on Jan 20, 2024 Annuncio • Dec 14
Seshasayee Paper and Boards Limited Approves the Appointment of Sri S Durgashankar as Independent Director Seshasayee Paper and Boards Limited informed that the Shareholders of the Company have approved and have passed the following business, by overwhelming majority through Postal Ballot on December 14, 2023, by Special Resolution: Appointment of Sri S Durgashankar as Independent Director of the Company. Appointment with effect 04th November 2023 for a period of 5 years. Sri. S. Durgashankar, a Chartered Accountant and an Alumni of Harvard Business School (Advanced Management Program), is currently the Chairman of Mahindra Integrated Business Solutions Pvt. Ltd. (MIBS) part of the - USD 20 billion Mahindra Group. Post superannuating from Mahindra & Mahindra Limited (M&M), in addition to his current role at MIBS, he is also currently overseeing the financial function of Aerospace, Defense & Agri businesses of M&M Group as Sector Chief Financial Officer. Sri. S. Durgashankar for over 40 years as a senior finance professional, has handled a wide spectrum of roles like CFO, Group Financial Controller, Head of M&A, Financial Planning & Analysis, Corporate Accounts, Corporate Finance, Investor Relations & Secretarial functions in leading listed Companies. Annuncio • Nov 12
Seshasayee Paper and Boards Limited Announces Resignation of V.Sundaresan as President of Tirunelveli Unit Seshasayee Paper and Boards Limited announced that V.Sundaresan, President of the Tirunelveli Unit (Age: 65) has tendered his resignation vide e-mail dated November 08, 2023, citing personal reasons. Since Sri.V.Sundaresan is a Senior Management Personnel under Regulation 16(1)(d) of Listing Regulations, his resignation has duly been considered and accepted by the Nomination and Remuneration Committee & Board of Directors of the Company. Sri.V .Sundaresan has relieved from his duties with effect from close of business hours of 09th November 2023. Reported Earnings • Nov 05
Second quarter 2024 earnings released: EPS: ₹12.15 (vs ₹17.65 in 2Q 2023) Second quarter 2024 results: EPS: ₹12.15 (down from ₹17.65 in 2Q 2023). Revenue: ₹3.62b (down 31% from 2Q 2023). Net income: ₹732.0m (down 31% from 2Q 2023). Profit margin: 20% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Nov 01
Now 20% undervalued Over the last 90 days, the stock is up 25%. The fair value is estimated to be ₹421, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last 3 years. Earnings per share has grown by 50%. Annuncio • Oct 10
Seshasayee Paper and Boards Limited to Report Q2, 2024 Results on Nov 04, 2023 Seshasayee Paper and Boards Limited announced that they will report Q2, 2024 results on Nov 04, 2023 Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹374, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 10x in the Forestry industry in India. Total returns to shareholders of 171% over the past three years. Buying Opportunity • Aug 25
Now 21% undervalued Over the last 90 days, the stock is up 12%. The fair value is estimated to be ₹389, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last 3 years. Earnings per share has grown by 50%. Annuncio • Aug 13
Seshasayee Paper and Boards Limited Appoints Sri K Narayanan as Company Secretary, with Effect from August 14, 2023 Seshasayee Paper and Boards Limited announced that at the board meeting held on August 12, 2023, the company approved the appointment of Sri K Narayanan as Company Secretary of the Company, with effect from August 14, 2023. His qualification is B. Com and ACS. He is an Associate Member of theInstitute of Company Secretaries of India. Buying Opportunity • Aug 04
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 9.1%. The fair value is estimated to be ₹330, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last 3 years. Earnings per share has grown by 50%. Reported Earnings • Jul 23
First quarter 2024 earnings released: EPS: ₹11.91 (vs ₹10.01 in 1Q 2023) First quarter 2024 results: EPS: ₹11.91 (up from ₹10.01 in 1Q 2023). Revenue: ₹4.38b (up 1.6% from 1Q 2023). Net income: ₹717.5m (up 19% from 1Q 2023). Profit margin: 16% (up from 14% in 1Q 2023). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Annuncio • Jul 07
Seshasayee Paper and Boards Limited to Report Q1, 2024 Results on Jul 22, 2023 Seshasayee Paper and Boards Limited announced that they will report Q1, 2024 results on Jul 22, 2023 Upcoming Dividend • May 31
Upcoming dividend of ₹6.00 per share at 2.1% yield Eligible shareholders must have bought the stock before 07 June 2023. Payment date: 17 July 2023. Payout ratio is a comfortable 9.1% and this is well supported by cash flows. Trailing yield: 2.1%. Within top quartile of Indian dividend payers (1.6%). Higher than average of industry peers (1.0%). Annuncio • May 19
Seshasayee Paper and Boards Limited Announces Resignation of B.S.Raj Kiran as Company Secretary Seshasayee Paper and Boards Limited announced Board of Directors, vide circular resolution dated May 18, 2023, has accepted the resignation of Mr. B.S.Raj Kiran from the post ofCompany Secretary, Compliance Officer & Whole Time Key Managerial Personnel of the Company for personal reasons with effect from May 18, 2023. Reported Earnings • Apr 30
Full year 2023 earnings released: EPS: ₹65.72 (vs ₹18.27 in FY 2022) Full year 2023 results: EPS: ₹65.72 (up from ₹18.27 in FY 2022). Revenue: ₹21.1b (up 56% from FY 2022). Net income: ₹3.96b (up 260% from FY 2022). Profit margin: 19% (up from 8.1% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jan 29
Third quarter 2023 earnings released: EPS: ₹18.52 (vs ₹1.00 in 3Q 2022) Third quarter 2023 results: EPS: ₹18.52 (up from ₹1.00 in 3Q 2022). Revenue: ₹5.64b (up 69% from 3Q 2022). Net income: ₹1.12b (up ₹1.06b from 3Q 2022). Profit margin: 20% (up from 1.8% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 19% per year. Annuncio • Jan 29
Seshasayee Paper and Boards Limited Announces Executive Changes Seshasayee Paper and Boards Limited announced that based on recommendations of the Nomination and Remuneration Committee, the Board considered and approved the appointment of Sri B S Raj Kiran as Company Secretary and Compliance Officer of the Company, with effect from January 28, 2023. Sri B S Raj Kiran, as a Company Secretary, will be a Key Managerial Personnel of the Company as per Section 203 of the Companies Act, 2013. Reason for change: Appointment of Sri B S Raj Kiran as Company Secretary (CS) and Compliance Officer (CO), effective January 28, 2023, consequent to Sri S. Srinivas, Chief Financial Officer (CFO) and Company Secretary demitting the office of Company Secretary on January 28, 2023. Sri B S Raj Kiran qualification is B.com and ACS. He is a Fellow Member of the Institute of Company Secretaries of India. He has over 10 years' experience in thearea of Secretarial compliances. Date of commencement of employment in the company: Joined the Company as Chief Manager Secretarial on January 16, 2023. Annuncio • Jan 05
Seshasayee Paper and Boards Limited to Report Q3, 2023 Results on Jan 28, 2023 Seshasayee Paper and Boards Limited announced that they will report Q3, 2023 results on Jan 28, 2023 Valuation Update With 7 Day Price Move • Dec 26
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹246, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 11x in the Forestry industry in India. Total returns to shareholders of 55% over the past three years. Reported Earnings • Nov 04
Second quarter 2023 earnings released: EPS: ₹17.65 (vs ₹4.56 in 2Q 2022) Second quarter 2023 results: EPS: ₹17.65 (up from ₹4.56 in 2Q 2022). Revenue: ₹5.23b (up 57% from 2Q 2022). Net income: ₹1.06b (up 287% from 2Q 2022). Profit margin: 20% (up from 8.3% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Buying Opportunity • Sep 05
Now 22% undervalued Over the last 90 days, the stock is up 57%. The fair value is estimated to be ₹376, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 20%. Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improved over the past week After last week's 16% share price gain to ₹245, the stock trades at a trailing P/E ratio of 9.8x. Average trailing P/E is 15x in the Forestry industry in India. Total returns to shareholders of 50% over the past three years. Board Change • Jul 26
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Director Mohan Chunkath was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Jul 05
Upcoming dividend of ₹2.50 per share Eligible shareholders must have bought the stock before 12 July 2022. Payment date: 22 August 2022. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Indian dividend payers (1.8%). Higher than average of industry peers (0.8%). Reported Earnings • Jul 01
Full year 2022 earnings released: EPS: ₹18.27 (vs ₹17.66 in FY 2021) Full year 2022 results: EPS: ₹18.27 (up from ₹17.66 in FY 2021). Revenue: ₹13.6b (up 73% from FY 2021). Net income: ₹1.10b (up 3.4% from FY 2021). Profit margin: 8.1% (down from 14% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improved over the past week After last week's 18% share price gain to ₹192, the stock trades at a trailing P/E ratio of 10.5x. Average trailing P/E is 11x in the Forestry industry in India. Total returns to shareholders of 8.7% over the past three years. Reported Earnings • May 08
Full year 2022 earnings released: EPS: ₹18.27 (vs ₹17.66 in FY 2021) Full year 2022 results: EPS: ₹18.27 (up from ₹17.66 in FY 2021). Revenue: ₹13.7b (up 75% from FY 2021). Net income: ₹1.10b (up 3.4% from FY 2021). Profit margin: 8.0% (down from 14% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 18
Investor sentiment improved over the past week After last week's 26% share price gain to ₹233, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 12x in the Forestry industry in India. Total returns to shareholders of 31% over the past three years. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment improved over the past week After last week's 17% share price gain to ₹165, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 10x in the Forestry industry in India. Total loss to shareholders of 9.2% over the past three years. Recent Insider Transactions • Mar 12
Chairman recently bought ₹5.0m worth of stock On the 10th of March, Natarajan Gopalaratnam bought around 32k shares on-market at roughly ₹155 per share. This was the largest purchase by an insider in the last 3 months. This was Natarajan's only on-market trade for the last 12 months. Reported Earnings • Jan 24
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹1.00 (up from ₹0.74 in 3Q 2021). Revenue: ₹3.38b (up 105% from 3Q 2021). Net income: ₹60.4m (up 30% from 3Q 2021). Profit margin: 1.8% (down from 2.8% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Reported Earnings • Oct 24
Second quarter 2022 earnings released: EPS ₹4.56 (vs ₹2.98 in 2Q 2021) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2022 results: Revenue: ₹3.35b (up 123% from 2Q 2021). Net income: ₹274.9m (up 46% from 2Q 2021). Profit margin: 8.2% (down from 13% in 2Q 2021). The decrease in margin was driven by higher expenses. Executive Departure • Aug 04
Deputy MD, Secretary & Executive Director Venkatataraman Pichai has left the company On the 31st of July, Venkatataraman Pichai's tenure as Deputy MD, Secretary & Executive Director ended after 16.5 years in the role. As of March 2021, Venkatataraman still personally held 42.70k shares (₹6.9m worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 2.79 years. Upcoming Dividend • Jul 06
Upcoming dividend of ₹2.50 per share Eligible shareholders must have bought the stock before 13 July 2021. Payment date: 26 July 2021. Trailing yield: 1.3%. Lower than top quartile of Indian dividend payers (1.6%). Higher than average of industry peers (0.6%). Reported Earnings • Jul 03
Full year 2021 earnings released: EPS ₹17.66 (vs ₹30.15 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹7.82b (down 34% from FY 2020). Net income: ₹1.06b (down 41% from FY 2020). Profit margin: 14% (down from 15% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • May 09
Full year 2021 earnings released: EPS ₹17.66 (vs ₹28.97 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹8.01b (down 32% from FY 2020). Net income: ₹1.06b (down 42% from FY 2020). Profit margin: 13% (down from 15% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Mar 02
New 90-day high: ₹168 The company is up 18% from its price of ₹142 on 02 December 2020. The Indian market is up 16% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Forestry industry, which is up 38% over the same period. Reported Earnings • Feb 07
Third quarter 2021 earnings released: EPS ₹0.74 (vs ₹7.27 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹1.65b (down 42% from 3Q 2020). Net income: ₹46.5m (down 90% from 3Q 2020). Profit margin: 2.8% (down from 16% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 7% per year. Is New 90 Day High Low • Dec 08
New 90-day high: ₹163 The company is up 12% from its price of ₹145 on 09 September 2020. The Indian market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Forestry industry, which is up 20% over the same period.