Last 216.55 INR
Change Today +4.55 / 2.15%
Volume 58.0
SPB On Other Exchanges
Symbol
Exchange
Natl India
As of 1:08 AM 10/21/14 All times are local (Market data is delayed by at least 15 minutes).

seshasayee paper & boards (SPB) Snapshot

Open
225.00
Previous Close
212.00
Day High
228.00
Day Low
216.55
52 Week High
09/9/14 - 286.70
52 Week Low
03/22/14 - 165.00
Market Cap
2.7B
Average Volume 10 Days
1.2K
EPS TTM
16.26
Shares Outstanding
12.6M
EX-Date
07/15/14
P/E TM
13.3x
Dividend
4.00
Dividend Yield
1.82%
Current Stock Chart for SESHASAYEE PAPER & BOARDS (SPB)

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seshasayee paper & boards (SPB) Details

Seshasayee Paper and Boards Limited manufactures and sells pulp, paper, and paper board products in India. It offers printing and writing papers, packing and wrapping papers, and specialty papers under the brand names of SPrint, Colour Sprint, Index, SprintPlus, Success, etc. The company also exports its products. In addition, it holds interests in properties. The company was incorporated in 1960 and is based in Erode, India.

Founded in 1960

seshasayee paper & boards (SPB) Top Compensated Officers

Managing Director, Executive Director and Mem...
Total Annual Compensation: 2.0M
Chairman and Member of Corporate Social Respo...
Total Annual Compensation: 2.4M
Deputy Managing Director, Secretary, Executiv...
Total Annual Compensation: 2.0M
Compensation as of Fiscal Year 2014.

seshasayee paper & boards (SPB) Key Developments

Seshasayee Paper and Boards Ltd. Approves the Appointment of A. L. Somayaji and Nanditha Krishna as Independent Director

Seshasayee Paper and Boards Ltd. announced that the shareholders approved the appointment of Shri. A. L. Somayaji as Independent Director and Dr. Nanditha Krishna as Independent Director of the company through postal ballot.

Seshasayee Paper and Boards to Invest INR 4,800 Million Expansion

Seshasayee Paper and Boards will invest about INR 4,800 million in its paper mills to expand raw material capacity and captive power generation. In tandem with the increase in paper pulp, paper production capacity will go up to 0.275 million tones from the present 0.19 million tones spread across two mills in South Tamil Nadu. The primary objective of the investment is to improve cost-competitiveness. The focus is on increasing in-house pulp production to bring down dependence on imports, and captive power generation. The company will fund about a third of the investment from internal accruals and the balance from bank loans. The project cost at the Erode unit will be about INR 3,000 million with paper production increasing to 0.165 million tones a year from the present 0.12 million tones. Besides, hardwood pulp plant capacity will increase to 0.145 million tones from 0.115 million tones now and a 15 MW coal-based power plant will be added, taking the total captive capacity to 55 MW. It will also set up a chemical recovery island with a capacity of 630 to 950 tones a day. The company will modernize the bagasse pulp and waste water treatment plants. Seshasayee Paper will invest INR 1,800 million at the Tirunelveli unit, where it has about 300 acres, to expand paper production to 0.110 million tones from about 70,000 tones now. It will add equipment to enable production of high-end printing papers. An 18 MW coal-based power plant will be established with the present 6 MW bio-fuel plant treated as a standby. The deinking plant will also be restarted at the Tirunelveli unit, which will enable it to recycle 0.132 million tones of used paper annually. This unit will also use surplus pulp from Erode.

Seshasayee Paper and Boards Ltd. Announces Change in Directorate

Seshasayee Paper and Boards Ltd. has informed that the Board of Directors of the company at its meeting held on August 23, 2014 has accepted the resignations of the following Directors from the Board Sri Arun G Bijur and Sri Bimal Kumar Poddar. The Board of Directors of the company at their meeting held on August 23, 2014 has approved the appointment of Sri A L Somayaji and Dr. Nanditha Krishna, as Independent Directors of the company to hold office for a fixed term of 5 years from September 29, 2014 and not liable to retire by rotation and recommended the same to the Members of the company for their approval through Postal Ballot.

 

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Price/Sales 0.4x
Price/Book 0.6x
Price/Cash Flow 3.3x
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