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Seshasayee Paper & Boards Ltd.
(SESHAPAPER)
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Rating:67Neutral
Price Target:
₹273.00
▲(18.16% Upside)
Action:Reiterated
Date:08/17/26
The score is driven primarily by strong financial resilience from a low-debt balance sheet, offset by weaker profitability versus the FY2023 peak and inconsistent cash-flow generation. Technicals are mixed with the stock still below longer-term moving averages, while valuation is fair but supported only modestly by dividends.
Positive Factors
Low leverage and growing equity base
Minimal debt and a steadily expanding equity base provide financial flexibility for operations, investment, and resilience during weaker industry conditions. This conservative capital structure reduces financing pressure and supports the company’s ability to sustain its paper business over the next several quarters.
Negative Factors
Material earnings decline from FY2023 peak
The sharp reduction in net income shows that the company’s earnings power has weakened materially from its FY2023 high. Lower profitability can reduce retained cash, limit reinvestment capacity, and make future results more sensitive to paper pricing, utilization, and operating costs.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage and growing equity base
Minimal debt and a steadily expanding equity base provide financial flexibility for operations, investment, and resilience during weaker industry conditions. This conservative capital structure reduces financing pressure and supports the company’s ability to sustain its paper business over the next several quarters.
Read all positive factors
Seshasayee Paper & Boards Ltd. (SESHAPAPER) vs. iShares MSCI India ETF (INDA)
Market Cap
₹15.11B
Dividend Yield0.84%
Average Volume (3M)3.00K
Price to Earnings (P/E)14.3
Beta (1Y)0.81
Revenue Growth5.80%
EPS Growth13.03%
CountryIN
Employees990
SectorGeneral
Sector StrengthN/A
IndustryPaper, Lumber & Forest Products
Share Statistics
EPS (TTM)16.44
Shares Outstanding63,068,140
10 Day Avg. Volume1,945
30 Day Avg. Volume2,995
Financial Highlights & Ratios
PEG Ratio-0.74
Price to Book (P/B)0.73
Price to Sales (P/S)0.87
P/FCF Ratio19.31
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Seshasayee Paper & Boards Ltd. Business Overview & Revenue Model
Company Description
Seshasayee Paper and Boards Limited engages in the manufacture and sale of printing and writing paper in India. The company owns and operates integrated pulp, paper, and paper board mills. The company exports its products. Seshasayee Paper and Boa...
How the Company Makes Money
Seshasayee Paper & Boards Ltd. makes money primarily by manufacturing paper and paperboard and selling these products to customers through its sales and distribution channels. Its core revenue stream is the sale of finished paper grades (commonly ...
Seshasayee Paper & Boards Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
88
Very Positive
Cash Flow
57
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 18.17B | 17.10B | 17.54B | 18.02B | 20.83B | 13.45B |
| Gross Profit | 3.48B | 1.73B | 5.79B | 8.17B | 6.04B | 2.20B |
| EBITDA | 1.74B | 1.41B | 1.10B | 3.90B | 5.61B | 1.79B |
| Net Income | 990.10M | 825.30M | 1.09B | 2.71B | 3.96B | 1.10B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 25.02B | 25.22B | 23.91B | 20.79B | 16.60B |
| Cash, Cash Equivalents and Short-Term Investments | 708.80M | 708.80M | 4.43B | 3.95B | 2.90B | 2.14B |
| Total Debt | 0.00 | 0.00 | 818.60M | 210.00M | 0.00 | 41.20M |
| Total Liabilities | -20.42B | 4.60B | 5.33B | 4.80B | 4.43B | 4.04B |
| Stockholders Equity | 20.42B | 20.42B | 19.88B | 19.11B | 16.35B | 12.55B |
Cash Flow | ||||||
| Free Cash Flow | -1.01B | 769.30M | -1.24B | 1.62B | 2.97B | 1.70B |
| Operating Cash Flow | -729.30M | 1.33B | -612.80M | 2.02B | 3.29B | 2.74B |
| Investing Cash Flow | 1.36B | -402.80M | 423.90M | -2.25B | -3.72B | -2.50B |
| Financing Cash Flow | -265.00M | -976.30M | 234.60M | -188.80M | -223.50M | -220.40M |
Seshasayee Paper & Boards Ltd. Technical Analysis
Neutral
231.05
Price Trends
236.38
Positive
231.67
Positive
240.61
Negative
Market Momentum
2.15
Positive
48.09
Neutral
18.08
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SESHAPAPER, the sentiment is Neutral. The current price of 231.05 is below the 20-day moving average (MA) of 244.09, below the 50-day MA of 236.38, and below the 200-day MA of 240.61, indicating a neutral trend. The MACD of 2.15 indicates Positive momentum. The RSI at 48.09 is Neutral, neither overbought nor oversold. The STOCH value of 18.08 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:SESHAPAPER.
Seshasayee Paper & Boards Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | ₹15.11B | 14.29 | ― | 0.84% | 5.80% | 13.03% | |
66 Neutral | ₹48.13B | 21.04 | ― | 1.10% | 8.20% | -8.74% | |
65 Neutral | ₹10.24B | 3.91 | ― | 2.70% | 2.88% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹69.40B | 20.98 | ― | 1.04% | 10.27% | -11.88% | |
50 Neutral | ₹14.19B | 51.54 | ― | 0.70% | 5.12% | -66.53% | |
45 Neutral | ₹2.72B | 19.18 | ― | ― | 2.09% | 393.13% |
* General Sector Average
IN:SESHAPAPER
Seshasayee Paper & Boards Ltd.
239.55
-21.26
-8.15%
IN:ANDHRAPAP
Andhra Paper Ltd.
71.35
-13.27
-15.68%
IN:GENUSPAPER
Genus Paper & Boards Ltd
10.58
-7.19
-40.46%
IN:JKPAPER
JK Paper Limited
382.75
-38.78
-9.20%
IN:TNPL
Tamil Nadu Newsprint & Papers Ltd.
148.00
-9.64
-6.11%
IN:WSTCSTPAPR
West Coast Paper Mills Limited
728.75
230.66
46.31%
Seshasayee Paper & Boards Ltd. Corporate Events
Seshasayee Paper & Boards Wins Strong Shareholder Backing for Nominee Director Appointment
Sep 4, 2026
Seshasayee Paper Boards Ltd. has reported the results of a postal ballot conducted via e‑voting to seek shareholder approval for an ordinary resolution on board composition. The process, held between August 5 and September 3, 2026, was carr...
Seshasayee Paper & Boards Shareholders Back Nominee Director Via E-Voting
Sep 4, 2026
Seshasayee Paper Boards Ltd. conducted a postal ballot process via remote e-voting, in line with the Companies Act and SEBI listing regulations, to seek shareholder approval on resolutions circulated in a notice dated 25 July 2026. The e-voting w...
Seshasayee Paper & Boards appoints R. J. Ramesh as Nominee Director
Sep 4, 2026
Seshasayee Paper Boards Ltd. shareholders have approved the appointment of Sri R. J. Ramesh as a Nominee Director of the company, effective September 4, 2026. His appointment was passed as an ordinary resolution through a postal ballot, with the ...
Seshasayee Paper & Boards Posts Higher Profit in Q1 FY27 Unaudited Results
Jul 25, 2026
Seshasayee Paper Boards reported unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, with total standalone income of ₹505.25 crore and consolidated income of ₹503.97 crore. The company posted s...
Seshasayee Paper & Boards adds TIIC nominee R. J. Ramesh to board
Jul 25, 2026
Seshasayee Paper Boards Ltd. has announced that its board approved the appointment of R. J. Ramesh as a non-executive nominee director effective July 25, 2026, replacing former nominee director Kumar Jayant. Ramesh, a deputy general manager at th...
Seshasayee Paper Closes Trading Window Ahead of Q1 FY27 Results
Jun 27, 2026
Seshasayee Paper Boards Ltd. has announced the closure of its trading window for designated persons from 1 July 2026 until 48 hours after the release of its unaudited financial results for the quarter ended 30 June 2026. The move is in line with ...
Seshasayee Paper Shareholders Back FY26 Accounts at 66th AGM
Jun 20, 2026
Seshasayee Paper Boards Ltd. reported the voting results of its 66th Annual General Meeting, which was conducted on June 20, 2026 via video conferencing with remote e-voting and live electronic voting facilitated by NSDL. Shareholders overwhelmin...
Seshasayee Paper & Boards Holds 66th AGM via Video Conference with Strong Shareholder Participation
Jun 20, 2026
Seshasayee Paper Boards Ltd. conducted its sixty-sixth Annual General Meeting on June 20, 2026, at 11:00 a.m. via video conference, reflecting the company’s continued use of virtual formats for shareholder engagement. The meeting was chaire...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.