Seshasayee Paper & Boards
NSE: SESHAPAPER · Paper & Paper Products · sector
₹214.27NSE close 2026-10-26
Key numbers
Market cap₹1,290 cr
Price₹214.27
52w high / low₹293 / ₹201
P/E13.0xSector median 13.8x
P/B0.6xSector median 0.6x
Book value₹339.2
Dividend yield1.22%Sector median 1.38%
ROE4.9%Sector median 5.8%
ROCE5.9%Sector median 5.9%
OPM6.5%Sector median 8.2%
Debt / equity0.00xSector median 0.42x
EV/EBITDA9.7xSector median 8.0x
Interest cover14.9x
Current ratio2.41x
Sales growth 3y-6.3%Sector median -4.5%
Profit growth 3y-40.7%Sector median -13.6%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 40 companies in Paper & Paper Products (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹146 cr vs borrowings ₹0 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 14.9x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 3 of the last 5 years (FY25, FY24, FY23).
- Revenue was higher than a year earlier in 2 of the last 4 quarters.
- Other income was 48% of net profit in the last 12 months.
- Debtor days went from 24 (FY24) to 41 (FY26).
- Dividend paid in 5 of the last 5 financial years.
- Price ₹214.27 on 2026-10-26: -26.9% from the 52-week high, +6.6% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹348.75 · low ₹214.27
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 398 | 431 | 502 | 385 | 346 | 387 | 592 | 492 |
| EBITDA | 31 | 8 | 25 | 21 | 26 | 25 | 24 | 44 |
| OPM % | 7.7% | 1.8% | 5.0% | 5.5% | 7.6% | 6.4% | 4.0% | 8.9% |
| Other income | 15 | 21 | 18 | 14 | 13 | 10 | 12 | 12 |
| Net profit | 28 | 17 | 27 | 15 | 22 | 19 | 26 | 32 |
| EPS (₹) | 4.73 | 2.76 | 4.50 | 2.56 | 3.72 | 3.10 | 4.32 | 5.30 |
| Revenue YoY | -13.1% | -10.3% | +17.8% | +27.7% | ||||
| Profit YoY | -21.3% | +12.1% | -3.8% | +106.8% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 1,355 | 2,083 | 1,802 | 1,754 | 1,710 | 1,817 |
| EBITDA | 166 | 534 | 340 | 111 | 96 | 119 |
| Net profit | 110 | 396 | 271 | 109 | 83 | 99 |
| EPS (₹) | 18.27 | 65.72 | 44.96 | 18.13 | 13.70 | 16.44 |
| Revenue growth | +53.7% | -13.5% | -2.6% | -2.5% | +5.8% | |
| Profit growth | +259.8% | -31.6% | -59.7% | -24.4% | +13.0% | |
| Dividend / share (₹) | 2.50 | 2.50 | 6.00 | 5.00 | 2.50 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -6.4% | +16.9% | +5.8% |
| Net profit | -40.7% | -4.9% | +13.0% |
| EPS | -40.7% | -5.0% | – |
| Share price | – | -19.2% (2y) | -21.0% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 1,635 | 1,911 | 1,988 | 2,042 |
| Borrowings | – | 0 | 21 | 82 | 0 |
| Cash & equivalents | – | 497 | 608 | 673 | 146 |
| Total assets | – | 2,079 | 2,391 | 2,522 | 2,502 |
| Fixed assets | – | 794 | 774 | 755 | 744 |
| Capital work in progress | – | 20 | 35 | 71 | 93 |
| Investments | – | 197 | 248 | 278 | 305 |
| Receivables | – | 95 | 119 | 148 | 190 |
| Inventory | – | 241 | 288 | 354 | 360 |
| Payables | – | 233 | 259 | 247 | 239 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 274 | 329 | 202 | -61 | 92 |
| Cash from investing | -250 | -372 | -225 | 42 | 6 |
| Cash from financing | -22 | -22 | -19 | 23 | -103 |
| Capex | 104 | 32 | 40 | 63 | 56 |
| Free cash flow | 170 | 297 | 162 | -124 | 36 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 24.2% | 14.2% | 5.5% | 4.0% |
| ROCE % | – | 31.7% | 17.9% | 6.5% | 4.9% |
| Debtor days | – | 17 | 24 | 31 | 41 |
| Inventory days | – | 89 | 109 | 115 | 115 |
| Payable days | – | 86 | 98 | 80 | 76 |
| Cash conversion cycle (days) | – | 20 | 35 | 66 | 80 |
| Working capital days | – | 101 | 149 | 183 | 89 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 43.30% |
| FIIs | 12.37% |
| DIIs | 0.41% |
| Government | 14.27% |
| Public (non-institutions) | 29.64% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 42.81% | 42.90% | 42.90% | 42.90% | 43.03% | 43.11% | 43.27% | 43.30% |
| Promoter group | % |
|---|---|
| The Tamil Nadu Industrial Investment Corpn Ltd | 14.27% |
| Ponni Sugars (Erode) Limited | 14.02% |
| Synergy Investments PTE Ltd | 12.27% |
| Time Square Investments Private Ltd | 10.22% |
| Dhanashree Investments Private Limited | 4.98% |
| Ultra Investments and Leasing Company Private Limited | 1.50% |
| High Energy Batteries (India) Limited | 0.17% |
| Gopalaratnam N | 0.12% |
| SPB Projects and Sonsultancy Ltd | 0.02% |
| Rajam Kasiviswanathan | 0.01% |
| Public holders above 1% | % |
|---|---|
| Atyant Capital India Fund I | 5.36% |
| SPB Equity Share Trust - AYYALU LAKSHMINARASIMHA SOMAYAJI | 4.50% |
| Gothic Corporation | 1.81% |
| Vanderbilt University - Atyant Capital Management Limited | 1.80% |
| Pushpa Devi Saraogi | 1.78% |
| Usha Devi Saraogi | 1.78% |
| Investor Education and Protection Fund | 1.70% |
23,074 shareholders. Pledged: 0.00% of promoter shares.
Peers in Paper & Paper Products
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| JKPAPER | ₹6,689 cr | 20.2x | 1.2x | 5.9% | 8.0% | 12.9% | +3.2% | 1.27% |
| WSTCSTPAPR | ₹5,203 cr | 22.6x | 1.4x | 6.5% | 9.4% | 11.5% | -4.5% | 0.74% |
| SESHAPAPER | ₹1,290 cr | 13.0x | 0.6x | 4.9% | 5.9% | 6.5% | -6.3% | 1.22% |
| ANDHRAPAP | ₹1,279 cr | 46.3x | 0.7x | 1.4% | 2.4% | 4.8% | -6.7% | 1.56% |
| NRAIL | ₹1,122 cr | 18.1x | 1.4x | 7.8% | 10.0% | 9.7% | +6.7% | 0.31% |
| TNPL | ₹899 cr | 3.4x | 0.4x | 11.8% | 6.6% | 10.6% | -3.6% | 2.31% |
| PDMJEPAPER | ₹807 cr | 8.8x | 1.2x | 14.5% | 18.3% | 15.4% | +2.1% | 0.71% |
| EMAMIPAP | ₹685 cr | 7.7x | 1.2x | 14.9% | 14.7% | 12.0% | -6.2% | 2.12% |
| SATIA | ₹625 cr | – | 0.6x | -0.7% | 3.6% | 7.8% | -8.3% | 0.32% |
| KUANTUM | ₹623 cr | 17.3x | 0.5x | 3.0% | 4.9% | 13.8% | -5.8% | 4.18% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-06-10 | Dividend | Dividend - Rs 2 Per Share |
| 2025-06-04 | Dividend | Annual General Meeting/Dividend - Rs 2.50 Per Share |
| 2024-05-22 | Dividend | Annual General Meeting/Dividend - Rs 5 Per Share |
| 2023-06-07 | Dividend | Annual General Meeting/Dividend - Rs 6 Per Share |
| 2022-07-12 | Dividend | Annual General Meeting/Dividend - Rs 2.50 Per Share |
| 2021-07-13 | Dividend | Annual General Meeting/Dividend - Rs 2.50 Per Share |
| 2020-07-28 | Dividend | Annual General Meeting/Dividend - Rs 3.50 Per Share Special Dividend - Rs 0.50 Per Share |
| 2019-08-19 | Split | Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share |
| 2019-07-16 | Dividend | Annual General Meeting/Dividend - Rs 20 Per Share |
| 2018-07-10 | Dividend | Annual General Meeting/Dividend- Rs 15 Per Share |
| 2017-07-18 | Dividend | Dividend - Rs 10/- Per Share |
| 2016-07-14 | Dividend | Dividend - Rs 5/- Per Share |
| 2015-07-21 | Dividend | Final Dividend - Rs 4/- Per Share |
| 2014-07-15 | Dividend | Dividend - Rs 4/- Per Share |
| 2013-07-17 | Dividend | Dividend-Rs.4/- Per Share |
| 2012-07-18 | Dividend | Dividend - Rs.5/- Per Share |
| 2011-07-12 | Dividend | Dividend - Rs.5/- Per Share |
| 2010-07-13 | Dividend | Final Dividend Rs.3.50 Per Share And Golden Jubilee Special Dividend Rs.2.50 Per Share |
| 2009-07-14 | Dividend | Dividend-Rs.3.50 Pr Share |
| 2008-07-15 | Dividend | Dividend - 40% |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Commodities |
| Industry | Paper & Paper Products |
| Sub-industry | Paper & Paper Products |
| Symbol | SESHAPAPER |
| BSE code | 502450 |
| ISIN | INE630A01024 |
| Face value | ₹2.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.