Seshasayee Paper & Boards Ltd: Stock Analysis & Fundamentals

Seshasayee Paper & Boards Ltd's latest quarterly results (Mar 2026) show

• PAT Growth YoY: -3.7%
• Revenue Growth YoY: +17.9%
• Operating Margin: 4.0%

Seshasayee Paper & Boards Ltd's current PE ratio is 16.3x.

• Current PE: 16.3x
• Market Cap: 1.3K Cr
• Dividend Yield: 0.94%

Seshasayee Paper & Boards Ltd's price-to-book ratio is 0.7x.

• Price-to-Book (P/B): 0.7x
• Book Value per Share: ₹324
• Current Price: ₹214

Seshasayee Paper & Boards Ltd's fundamental strength based on key financial ratios

• Return on Capital (ROCE): 6.0%

Seshasayee Paper & Boards Ltd has a debt-to-equity ratio of N/A.

• Total Debt: ₹0 Cr

Seshasayee Paper & Boards Ltd's return ratios over recent years

• FY2024: ROCE 20.0%
• FY2025: ROCE 7.0%
• FY2026: ROCE 6.0%

Seshasayee Paper & Boards Ltd's operating cash flow is positive (FY2026).

• Cash from Operations (CFO): ₹92 Cr
• Free Cash Flow (FCF): ₹98 Cr
• CFO/PAT Ratio: 111% (strong cash conversion)

Seshasayee Paper & Boards Ltd's current dividend yield is 0.94%.

• Dividend Yield: 0.94%
• Current Price: ₹214

Seshasayee Paper & Boards Ltd's shareholding pattern (Mar 2026)

• Promoters: 43.1%
• FII (Foreign): 12.9%
• DII (Domestic): 0.1%
• Public: 29.6%

Seshasayee Paper & Boards Ltd's promoter holding has increased recently.

• Current Promoter Holding: 43.1% (Mar 2026)
• Previous Quarter: 43.0% (Dec 2025)
• Change: +0.08% (increasing — positive signal)

Seshasayee Paper & Boards Ltd is an established outperformer with 1 weeks of consecutive Nifty 500 outperformance.

Seshasayee Paper & Boards Ltd has 2 key growth catalysts identified from recent earnings analysis

• Tam Expansion Changing Consumption — Domestic demand remains a growth driver despite global headwinds.
• Operating Leverage Inflection — Operational efficiency is improving margins even on lower revenue.

Seshasayee Paper & Boards Ltd has 3 key risks worth monitoring

• [HIGH] US tariffs and trade negotiations have caused a 35% drop in export volumes — US tariffs and trade negotiations have caused a 35% drop in export volumes.
• [MEDIUM] Elevated wood prices are impacting margins, though showing signs of softening — Elevated wood prices are impacting margins, though showing signs of softening.
• [MEDIUM] Expansion projects are delayed due to pending environmental clearances and NCLAT — Expansion projects are delayed due to pending environmental clearances and NCLAT appeals.

Seshasayee Paper & Boards Ltd's management has provided the following forward guidance for Q4 FY26

• Revenue outlook: Market for Paper expected to remain weak in Q4 FY26.
• Margin outlook: Wood prices softening expected to help margins.
• Capex plan: ₹405 Cr for Project MDP-IV-Phase-1 at Unit: Erode for 20% capacity enhancement.
• Management tone: cautious

Seshasayee Paper & Boards Ltd's most important sub-sector-specific KPIs from the latest concall

• Quarterly Production: 60,363 tonnes (YoY Stable) — The company maintained stable production levels despite challenging market conditions.
• Export Sales Volume Change: -35% (YoY -35%) — Mainly due to import tariffs announced by the US and pending trade negotiations.
• Domestic Sales Volume Growth: 5% (YoY 5%) — Domestic demand showed resilience compared to international markets.
• Capacity Utilization: Not Given — Not explained in source
• Average Realisation per Tonne: Lower (YoY Negative) — Lower average realisations per tonne of paper contributed to lower net profit.
• Wood Cost Trend: Softening (QoQ Improving) — Wood prices have started showing signs of softening after being at elevated levels.

Based on quantitative research signals, here is why Seshasayee Paper & Boards Ltd may be worth studying

• Cash flow is positive — CFO ₹92 Cr

Seshasayee Paper & Boards Ltd investment thesis summary:

Seshasayee Paper & Boards Ltd's forward outlook based on current data signals

• Key Catalyst: Tam Expansion Changing Consumption
• Key Risk: US tariffs and trade negotiations have caused a 35% drop in export volumes