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Friday, January 8, 2010

Seshasayee Paper - Small Cap Stock With Bonus Possibility

A small cap stock with bonus candidature due to it's small equity with good EPS numbers and very good book value.

BSE Stock code: 502450
Seshasayee Paper produces a wide range of products such as printing and writing papers, packing and wrapping papers and specialty papers. In addition to catering to domestic market, company has been exporting to around 20 countries across the world. For FY09, company could sell its entire production and achieve zero stock of finished goods at the end of the financial year, a record repeated for the twealth time in the last fifteen years. Financially company has reported terrific set of nos for the last two quarters with an all time high OPM of 25%.

Market Cap 174.49
* EPS (TTM) 22.52
* P/E 6.89
* P/C 3.38
* Book Value 171.14
* Price/Book 0.91
Div(%) 35.00
Div Yield(%) 2.26
Market Lot 1.00
Face Value 10.00
Industry P/E 8.52

For current year it may clock a net profit of Rs 40 cr on estimated sales of Rs 575 cr i.e. EPS of Rs 35.50 on equity of Rs 11.25 cr. Incidentally, current fiscal is the golden jubilee year (50th year) for this company, hence it is may reward share holders with 1:1 bonus in near future.

One may buy stocks for mid term investments around 130 levels.

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