The South India Paper Mills Limited

The South India Paper Mills Limited

STHINPA.BO
The South India Paper Mills LimitedIN flagBombay Stock Exchange
103.50
INR
-0.10
- -
1.94BMarket Cap
The South India Paper Mills Limited
STHINPA.BO
(Bombay Stock Exchange)

Recent

price

103.50

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
111.11
113.49
112.2
95.62
123.59
137.75
130.08
89.66
161.26
144.4
150.61
202.84
190.84
166.12
196.9
- -
205.24
Revenue per Share
9.25
10.26
9.1
2.59
9.02
16.06
7.97
0.64
12.24
10.63
12.7
14.44
-11.08
-7.16
-5.14
- -
-3.09
Basic EPS, GAAP
2.3
1.5
5.58
-1.05
4.59
-15.17
-2.27
-2.88
17.45
3.7
-40.62
-45.72
-17.58
-12
20
- -
- -
Free Cash Flow per Basic Share
1.5
1.97
2.17
2.17
1.49
2.47
2.96
1.53
1
1.5
1.51
1.01
1.03
0.06
0.03
- -
- -
Dividend per Share
47.82
54.5
60.12
60.7
66.71
83.84
88.2
87.03
98.07
106.9
118.09
131.54
121.59
90.37
85.2
- -
- -
Book Value per Share
51.39
59.11
65.59
66.46
72.17
89.33
94.15
93.1
104.01
112.89
123.74
137.41
155.1
117.57
112.59
- -
- -
Tangible Book Value per Share
15
15
15
15
15
15
15
15
15
15
15
15
15
19
19
- -
19
Basic Weighted Avg Shares
1,667
1,702
1,683
1,434
1,854
2,066
1,951
1,345
2,419
2,166
2,259
3,043
2,870
3,115
3,693
4,338
3,864
Sales/Revenue/Turnover
12.01
9.8
11.84
5.04
11.83
13.59
10.88
3.32
11.23
11.48
12.33
9.37
-7.61
-0.13
1.32
7.82
2.72
Operating Margin (%)
48
61
73
75
75
80
95
88
95
98
101
94
160
179
166
166
166
Depreciation Expense
139
154
137
39
135
241
120
10
184
159
190
217
-167
-134
-96
107
-58
Net Income, GAAP
26.19
23.35
25.98
32.25
34.64
30.88
34.3
- -
20.89
25.25
28.46
15.51
- -
- -
- -
25.14
25.19
Effective Tax Rate (%)
8.32
9.04
8.11
2.71
7.3
11.66
6.13
0.71
7.59
7.36
8.43
7.12
-5.81
-4.31
-2.61
2.48
-1.5
Profit Margin (%)
236
218
286
248
366
286
341
423
548
396
260
157
130
25
4
174
- -
Working Capital
86
77
47
2
47
143
300
356
322
261
643
1,409
1,329
1,074
825
716
- -
LT Debt
772
888
986
998
1,084
1,341
1,413
1,397
1,560
1,693
1,856
2,061
2,333
2,204
2,112
2,223
- -
Total Equity
16.43
12.86
13.69
4.33
11.99
13.38
7.91
- -
11.07
9.13
7.98
6.93
- -
- -
- -
6.63
- -
Return on Invested Capital (%)
17.05
18.44
15.02
5.01
13.3
18.56
8.69
- -
11.81
9.68
9.23
7.87
- -
- -
- -
10.18
- -
Return on Capital (%)
21.85
20.06
15.88
4.29
14.16
21.33
9.26
0.72
13.23
10.37
11.29
11.57
-8.77
-7.62
-5.86
12.03
- -
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'25
Jun'26
ST Debt
- -
924
- -
LT Borrowings
- -
825
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
19
- -
Market Capitalization
2,010
1,577
1,692

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'25
Jun'26
Total Current Assets
- -
1,205
- -
Cash, Cash Equivalents & STI
- -
19
- -
Accounts Receivable, Net
- -
585
- -
Inventories
- -
479
- -
Total Current Liabilities
- -
1,201
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
924
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.38%
3.96%
5.26%
Free Cash Flow
-236.8%
-65.52%
2.96%
Net Income, GAAP
126.93%
-84.47%
-211.41%
Sales/Revenue/Turnover
11.06%
14.71%
17.46%
Total Cash Common Dividend
-23.26%
-44.18%
-39.29%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
769
728
719
898
3,115
2025
898
1,018
836
941
3,693
2026
1,069
1,014
1,140
- -
4,338

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-2.21
-1.8
-1.7
- -
-7.16
2025
-1.52
-0.64
-1.78
-1.2
-5.14
2026
0.52
1.27
2.44
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.06
2025
- -
- -
- -
- -
0.03
2026
- -
- -
- -
- -
- -
Business
The South India Paper Mills Limited is an India-based company engaged primarily in the manufacture of paper and paper products. Its product portfolio includes Kraft Paper categories such as Kraft Liner Substitutes, Test Liners, White Kraft Liners, Fluting Grades, high-performance Fluting and Test Liner grades, along with specialized packaging paper products. It manufactures paper substances ranging from 70 GSM to 400 GSM with strength ratings between 14 BF and 35 BF. The company is also forward integrated into packaging materials, producing corrugated boards, brown boxes with single color flexographic printing, and wrap-around boxes. The manufacturing process incorporates recycling of scrap paper, both imported and domestic, complemented by some purchased pulp. The facility operates multiple paper machines with combined capacity around 210 TPD and is supported by a biomass-based cogeneration power plant with an installed capacity of about 7.5 MW, exporting surplus electricity to the state grid. Operations are concentrated mainly in southern India, with a strong distribution network catering to industrial and packaging sectors. Founded in 1959 and headquartered in Nanjangudu, Mysore, Karnataka, the company caters to customers requiring high-quality packaging and specialty paper products. In recent years, The South India Paper Mills Limited has undertaken strategic expansions and operational enhancements including installation of a cogeneration power facility and upgrades to its machinery to improve the quality of linerboard and fluting materials. In the last 1-2 years, the company has focused on stabilizing its financial performance amid operational challenges, including suboptimal utilization of new capacities and high interest costs, leading to reported net losses in FY 2024. The firm has also engaged in monetization of non-core assets and equity infusion to support liquidity. Notably, the company announced improved revenues in recent quarters with a positive turnaround in profitability during mid-2025 quarters. It continues to emphasize delivering quality packaging integrated with logistics to its key customers at multiple geographic locations in India. The company maintains plans for future investments oriented toward quality packaging solutions and logistics support while monitoring financial health closely in the face of repayment obligations and market fluctuations. There are no recent major acquisitions or new product lines publicly announced in the past year, but the firm remains focused on enhancing operational efficiency and market penetration in packaging paper segments. The South India Paper Mills Limited operates in the industrial paper and packaging industry, targeting packaging manufacturers, industrial users, and converters primarily within India. Its comprehensive product range and long-standing presence support a stable customer base across southern India and adjacent regions. The company remains listed on Indian stock exchanges (Ticker: STHINPA.BO) and continues to be closely monitored for operational restructuring and financial turnaround progress. This description incorporates detailed product offerings and the latest operational and financial updates as of late 2025 reflecting the company’s current standing and strategic posture in the paper manufacturing and packaging industry.