Seshasayee Paper & Boards Ltd (SESHAPAPER): Intrinsic Value & Share Price Analysis

Fair Value

₹167.14Overvalued by 31.78%vs CMP ₹245.00

P/E (15.6) × ROE (4.1%) × BV (₹324.00) × DY (0.82%)

₹222.66Fairly Valued by 9.12%vs CMP ₹245.00
MoS: -10% (Negative)Confidence: 49/100 (Moderate)Models: 4 Under, 5 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹158.2123%Over (-35.4%)
Graham NumberEarnings₹310.7916%Under (+26.9%)
Earnings PowerEarnings₹350.2011%Under (+42.9%)
DCFCash Flow₹131.4514%Over (-46.3%)
Net Asset ValueAssets₹324.027%Under (+32.3%)
EV/EBITDAEnterprise₹198.039%Over (-19.2%)
Earnings YieldEarnings₹132.507%Over (-45.9%)
ROCE CapitalReturns₹183.347%Over (-25.2%)
Revenue MultipleRevenue₹278.325%Under (+13.6%)
Consensus (9 models)₹222.66100%Fairly Valued
Key Drivers: ROE 4.1% is below cost of equity.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -5.3%

*Investments are subject to market risks

Analysis summary

Data coverage: Price-data record updated 25 September 2026, 5:21 am +05:30. Annual results through Mar 2025; quarterly results through Dec 2025; cash flow through Mar 2026. Each section can have a different reporting period. The share price is not live.

Valuation in context

Seshasayee Paper & Boards Ltd (SESHAPAPER): the stored intrinsic value estimate is ₹222.66, compared with a stored share price of ₹245.00. The model value is 9.1% below that quote. The model classifies this as fairly valued; it is an estimate dependent on the inputs and assumptions, not a price target or a buy/sell recommendation.

Operating performance

Revenue for Mar 2025 was ₹1,754.00 Cr, versus ₹1,802.00 Cr in Mar 2024 (-2.7% year on year). Net profit for Mar 2025 was ₹109.00 Cr, versus ₹271.00 Cr in Mar 2024 (-59.8% year on year). These are the latest annual periods stored on this page; check the quarterly table separately for more recent developments.

Cash generation

For the same Mar 2025 period, operating cash flow was ₹-61.00 Cr against net profit of ₹109.00 Cr. Cash flow covered -0.56 times reported profit. The gap warrants checking receivables, working capital and one-off items in the cash-flow statement.

Balance-sheet check

Reported borrowings were ₹0.00 Cr in Mar 2026. Read this alongside cash, interest costs and repayment obligations; reserves are an accounting balance and are not the same as available cash.

How to use the valuation and peer comparisons

The Intrinsic Value panel combines the available model estimates using the displayed weights. Earnings, cash-flow, dividend and asset-based methods can give very different answers. The displayed 12% cost of equity and 4% terminal growth assumptions apply where relevant; historical EPS growth is not a promise of future growth. Use the individual values and their spread to judge sensitivity.

The peer group follows the stored industry classification and may include different business models. Compare reporting periods, leverage and recurring earnings before interpreting a valuation gap. For banks and other financial businesses, capital adequacy and asset quality can be more informative than industrial-company cash-flow ratios.

Sources: Company data source. Check the company filings linked by the source for the reporting basis and exceptional items.

Automatically generated interpretation of the stored financial data, not a separately researched analyst opinion. Missing data is not evidence of poor performance. New filings become available here after the existing data refresh process captures them.

Investment Snapshot

53
Seshasayee Paper & Boards Ltd (SESHAPAPER) scores 53/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health66/100 · Strong
ROCE 5.6% WeakROE 4.1% WeakD/E 0.04 Low debtInterest Coverage 21.4x StrongProfitable 5/5 available years Reported history
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 43.3% Stable
Earnings Quality50/100 · Moderate
CFO/NP ratio: 0.61x Partially cash-backedOPM contracting (19% → 13%) Declining
Quarterly Momentum35/100 · Weak
Revenue (4Q): -9% YoY DecliningProfit (4Q): -40% YoY DecliningOPM: 6.0% (up 4.0% YoY) Margin expansion
Industry Rank55/100 · Moderate
P/E 15.6 vs industry 25.5 Lower P/EROCE 5.6% vs industry 16.1% Below peers3Y sales CAGR: 9% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores use stored reporting periods and are screening indicators, not investment recommendations. Missing health ratios are excluded. Broad industry groups and financial-sector accounting can limit comparability.

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Share Price and Basic Stock Data

Last Updated: September 25, 2026, 5:21 am

Market Cap 1,544 Cr.
Current Price 245
Intrinsic Value₹222.42
High / Low 311/210
Stock P/E15.6
Book Value 324
Dividend Yield0.82 %
ROCE5.60 %
ROE4.10 %
Face Value 2.00
PEG Ratio-2.92

Understand these figures: how to read the P/E ratio, ROE versus earnings per share, and calculate intrinsic value.

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Seshasayee Paper & Boards Ltd (SESHAPAPER)

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Seshasayee Paper & Boards Ltd (SESHAPAPER) 1,544 Cr. 245 311/21015.6 3240.82 %5.60 %4.10 % 2.00
Andhra Paper Ltd 1,470 Cr. 74.0 86.9/57.053.2 97.50.68 %0.04 %1.66 % 2.00
NR Agarwal Industries Ltd 1,085 Cr. 638 710/36116.4 4790.31 %8.49 %6.04 % 10.0
Pudumjee Paper Products Ltd 906 Cr. 95.4 127/63.19.95 70.50.63 %18.1 %12.8 % 1.00
Kuantum Papers Ltd 700 Cr. 80.2 118/65.019.4 1413.12 %5.24 %3.45 % 1.00
Industry Average2,144.81 Cr158.5640.40136.280.51%14.29%7.21%6.52

All Competitor Stocks of Seshasayee Paper & Boards Ltd (SESHAPAPER)

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 556573427362473539422398431502385346387
Expenses 406416331273386472374368424477365320362
Operating Profit 150157958988684831825202625
OPM % 27%27%22%25%19%13%11%8%2%5%5%8%6%
Other Income 11101318151715192120141813
Interest 1100011124143
Depreciation 12101111111111111111121111
Profit before tax 1481569696917450371629212924
Tax % 25%24%25%24%24%23%26%23%-4%8%28%22%23%
Net Profit 1121187273695737281727152219
EPS in Rs 17.6918.6611.3811.6110.949.015.874.512.644.292.453.552.96

Last Updated: February 4, 2026, 6:46 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 6:16 pm

MetricMar 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 8209981,0081,1081,1051,3261,1847821,3552,0831,8021,7541,621
Expenses 7169089018948981,0309176751,1891,5491,4621,6431,524
Operating Profit 1059010721420729626710816653434011197
OPM % 13%9%11%19%19%22%23%14%12%26%19%6%6%
Other Income 53412152531262440637564
Interest 44373223141473332812
Depreciation 49292931323435384145444545
Profit before tax 16265017217627325693146525357132104
Tax % -25%32%29%23%30%30%29%-15%24%25%24%18%
Net Profit 20163613212319218210611039627110984
EPS in Rs 3.642.615.7120.9719.5430.4428.7916.8717.4462.7642.9317.3113.25
Dividend Payout % 25%31%17%10%15%13%13%14%14%9%11%14%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)125.00%266.67%-6.82%56.10%-5.21%-41.76%3.77%260.00%-31.57%-59.78%
Change in YoY Net Profit Growth (%)0.00%141.67%-273.48%62.92%-61.31%-36.55%45.53%256.23%-291.57%-28.21%

Seshasayee Paper & Boards Ltd (SESHAPAPER) has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2015-2016 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:6%
5 Years:8%
3 Years:9%
TTM:-4%
Compounded Profit Growth
10 Years:19%
5 Years:-10%
3 Years:0%
TTM:-63%
Stock Price CAGR
10 Years:20%
5 Years:12%
3 Years:-2%
1 Year:-23%
Return on Equity
10 Years:15%
5 Years:13%
3 Years:15%
Last Year:6%

Last Updated: September 5, 2025, 1:26 pm

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Balance Sheet

Last Updated: May 12, 2026, 7:04 pm

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital 131313131312121212121212
Reserves 4014305927138811,0071,1311,2431,6231,8991,9762,030
Borrowings 329302171149971084021820
Other Liabilities 380391343406446419367400443459452460
Total Liabilities 1,1231,1351,1181,2811,4361,4481,5181,6602,0792,3912,5222,502
Fixed Assets 661638650686685688747828809789769758
CWIP 135041272331321420357193
Investments 434793108107103152178197248278305
Other Assets 4053993354606216265856401,0541,3191,4041,346
Total Assets 1,1231,1351,1181,2811,4361,4481,5181,6602,0792,3912,5222,502

Reserves and Borrowings Chart

Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity + 105112200225273165-7276329202-6192
Cash from Investing Activity + -20-46-36-50-16-26-54-251-372-225426
Cash from Financing Activity + -104-66-154-51-89-124-31-22-22-1923-103
Net Cash Flow -2001012416815-913-66-425-5
Free Cash Flow 8669168172243119-108171297166-12337
CFO/OP 119%104%103%125%112%79%9%184%86%88%-37%125%

Free Cash Flow

Free cash flow reported in the stored cash-flow statement (₹ Cr)
PeriodMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Free Cash Flow86.0069.00168.00172.00243.00119.00-108.00171.00297.00166.00-123.0037.00

This table and the chart use the Free Cash Flow row from the same stored cash-flow statement. Free cash flow generally measures operating cash flow after capital expenditure; check the source definition and reporting basis. It is not operating profit minus borrowings.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 444547353522253827172431
Inventory Days 1121169711514711018741387138170165
Days Payable 251194188168220211215311137134153115
Cash Conversion Cycle -95-33-44-18-38-79-3140-23214181
Working Capital Days -76-20-11-1-13-1712655142643
ROCE %11%26%22%31%26%9%12%37%20%7%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters 42.78%42.78%42.78%42.78%42.78%42.81%42.90%42.90%42.90%43.03%43.11%43.27%
FIIs 12.86%12.98%12.97%13.01%13.11%13.05%13.06%13.03%13.02%12.99%12.94%12.60%
DIIs 0.03%0.02%0.02%0.06%0.08%0.08%0.10%0.10%0.10%0.10%0.10%0.09%
Government 14.27%14.27%14.27%14.27%14.27%14.27%14.27%14.27%14.27%14.27%14.27%14.27%
Public 30.05%29.96%29.96%29.88%29.77%29.78%29.68%29.70%29.69%29.61%29.59%29.76%
No. of Shareholders 25,68326,43625,87525,72923,43023,31622,47122,19922,23421,66122,28222,671

Shareholding Pattern Chart

No. of Shareholders

Seshasayee Paper & Boards Ltd (SESHAPAPER): Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 2.002.002.002.002.00
Basic EPS (Rs.) 18.1344.9665.7218.2717.66
Diluted EPS (Rs.) 18.1344.9665.7218.2717.66
Cash EPS (Rs.) 24.6350.1271.5223.7322.75
Book Value[Excl.RevalReserv]/Share (Rs.) 330.30317.49271.65208.51189.82
Book Value[Incl.RevalReserv]/Share (Rs.) 330.30317.49271.65208.51189.82
Revenue From Operations / Share (Rs.) 291.43299.31345.98225.12129.91
PBDIT / Share (Rs.) 29.9064.7893.5930.1120.93
PBIT / Share (Rs.) 22.3857.4986.0723.3214.68
PBT / Share (Rs.) 20.9857.1485.5422.8414.19
Net Profit / Share (Rs.) 17.1142.8464.0016.9416.50
NP After MI And SOA / Share (Rs.) 18.1344.9865.7518.2817.67
PBDIT Margin (%) 10.2621.6427.0513.3716.11
PBIT Margin (%) 7.6719.2024.8710.3511.29
PBT Margin (%) 7.1919.0824.7210.1410.92
Net Profit Margin (%) 5.8614.3118.497.5212.69
NP After MI And SOA Margin (%) 6.2215.0219.008.1113.60
Return on Networth / Equity (%) 5.4914.1624.208.769.30
Return on Capital Employeed (%) 6.2416.6628.859.926.79
Return On Assets (%) 4.3211.3219.046.627.01
Total Debt / Equity (X) 0.040.010.000.000.00
Asset Turnover Ratio (%) 0.710.801.110.850.52
Current Ratio (X) 3.413.343.032.422.59
Quick Ratio (X) 2.442.422.181.911.55
Inventory Turnover Ratio (X) 5.473.905.233.492.32
Dividend Payout Ratio (NP) (%) 28.8813.973.9814.3223.71
Dividend Payout Ratio (CP) (%) 20.4112.023.5710.4417.51
Earning Retention Ratio (%) 71.1286.0396.0285.6876.29
Cash Earning Retention Ratio (%) 79.5987.9896.4389.5682.49
Interest Coverage Ratio (X) 21.35182.22176.6263.1543.30
Interest Coverage Ratio (Post Tax) (X) 13.22121.50121.7836.5435.12
Enterprise Value (Cr.) 975.641185.43924.66726.45767.26
EV / Net Operating Revenue (X) 0.550.650.440.530.98
EV / EBITDA (X) 5.423.041.644.016.09
MarketCap / Net Operating Revenue (X) 0.890.980.680.771.24
Retention Ratios (%) 71.1186.0296.0185.6776.28
Price / BV (X) 0.780.920.860.830.84
Price / Net Operating Revenue (X) 0.890.980.680.771.24
EarningsYield 0.060.150.270.100.10

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Frequently asked questions

What is the intrinsic value of Seshasayee Paper & Boards Ltd (SESHAPAPER) and is it undervalued?

Seshasayee Paper & Boards Ltd (SESHAPAPER): the stored intrinsic value estimate is ₹222.66, compared with a stored share price of ₹245.00. The model value is 9.1% below that quote. The model classifies this as fairly valued; it is an estimate dependent on the inputs and assumptions, not a price target or a buy/sell recommendation. The estimate uses the available valuation models and weights shown in the Intrinsic Value panel, including earnings, cash-flow and asset-based approaches where data permits. It is not a P/E-only calculation.

What share price and 52-week range are shown for Seshasayee Paper & Boards Ltd (SESHAPAPER)?

The stored share price is ₹245.00. Price-data record updated: 25 September 2026, 5:21 am +05:30. This is not a live quote. The stored 52-week high / low is 311/210; this is a rolling range, not a financial-year range.

How have Seshasayee Paper & Boards Ltd (SESHAPAPER)'s revenue and profit changed?

Revenue for Mar 2025 was ₹1,754.00 Cr, versus ₹1,802.00 Cr in Mar 2024 (-2.7% year on year). Net profit for Mar 2025 was ₹109.00 Cr, versus ₹271.00 Cr in Mar 2024 (-59.8% year on year). These are the latest annual periods stored on this page; check the quarterly table separately for more recent developments.

Does Seshasayee Paper & Boards Ltd (SESHAPAPER)'s profit convert into cash?

For the same Mar 2025 period, operating cash flow was ₹-61.00 Cr against net profit of ₹109.00 Cr. Cash flow covered -0.56 times reported profit. The gap warrants checking receivables, working capital and one-off items in the cash-flow statement.

What should I check in Seshasayee Paper & Boards Ltd (SESHAPAPER)'s balance sheet?

Reported borrowings were ₹0.00 Cr in Mar 2026. Read this alongside cash, interest costs and repayment obligations; reserves are an accounting balance and are not the same as available cash.

How should I compare Seshasayee Paper & Boards Ltd (SESHAPAPER)'s P/E with other stocks?

The stored P/E is 15.60. Compare companies with similar business models, growth, leverage and accounting periods. The industry group on this page is broad, and its average can be affected by outliers. A lower P/E alone does not establish undervaluation.

What could change Seshasayee Paper & Boards Ltd (SESHAPAPER)'s intrinsic value estimate?

Changes in sustainable earnings, cash generation, capital needs, debt and share count can change the estimate. The displayed model uses a 12% cost of equity and 4% terminal growth assumption where applicable. Higher discount rates or weaker growth generally reduce discounted values. Compare the individual model values and weights, and verify fresh filings before relying on the result.

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Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Seshasayee Paper & Boards Ltd (SESHAPAPER). Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE