Seshasayee Paper & Boards Limited (SPB) is the flagship company of the SPB-ESVIN Group, incorporated in June 1960 with over six decades of experience in the Indian paper industry. The company operates an integrated pulp, paper, and paper board mill at Pallipalayam, Erode-638 007, District Namakkal, Tamil Nadu, India. The company has plants in two locations, one at Erode and another at Tirunelveli, with an aggregate capacity to produce approximately 255,000 tons of paper per annum.
SPB was initially promoted by Seshasayee Brothers (Pvt) Limited in association with a foreign collaborator M/s Parsons and Whittemore, South East Asia Inc., USA. After commencement of commercial production, having fulfilled their performance guarantee obligations, the foreign collaborators withdrew in 1969. The main promoters of the company as on date are a group of companies belonging to the SPB-ESVIN group headed by Sri N Gopalaratnam.
Seshasayee Paper & Boards is engaged in the business of manufacture and sale of printing and writing paper. SPB commenced commercial production in December 1962, on commissioning a 20,000 tpa integrated facility, comprising a Pulp Mill and two Paper Machines (PM-1 and PM-2), capable of producing writing, printing, kraft, and poster varieties of paper.
The company is engaged in the business of manufacturing and sale of paper and paper boards under Sprint, SPD, Color Sprint, and Success brands. Its product range includes MF I, MF II, MG, Yankee, and MF III, which are manufactured in the plant located in Erode. Its MF I products include color sprint (blue/green/pink/yellow), Azurewove, ledger paper (blue), and parchment paper (w/ns).
The market cap of Seshasayee Paper and Boards Ltd (SESHAPAPER) is ₹1933.67 Cr as of 3rd July 2025. The company is almost debt-free, strengthening its financial position.
For the full year ended March 2025, net profit declined 59.68% to ₹109.17 crore as against ₹270.77 crore during the previous year ended March 2024. Sales declined 2.63% to ₹1754.38 crore in the year ended March 2025 as against ₹1801.83 crore during the previous year ended March 2024.
The latest quarterly results (Q4 FY25) also showed a decline in performance. Net profit declined 52.38% to ₹27.07 crore in the quarter ended March 2025 as against ₹56.84 crore during the previous quarter ended March 2024. Sales declined 6.87% to ₹502.35 crore in the quarter ended March 2025 as against ₹539.43 crore during the previous quarter ended March 2024.
• FY2024-25 Performance:
• Revenue: ₹1,754 Crore (down 2.63% YoY)
• Net Profit: ₹109.17 Crore (down 59.68% YoY)
• Q4 FY2024-25 Performance:
• Net Sales: ₹502.35 Crore (down 6.87% YoY)
• Net Profit: ₹27.07 Crore (down 52.38% YoY)
• Market Capitalization: ₹1,933.67 Crore (as of July 3, 2025)
• Promoter Holding: 42.9%
Sri S Viswanathan was the Founder of the Company. He was responsible for the growth of the Company and bringing it to its present stature. Affectionately referred to as SV, by his friends and associates, he was a lawyer-turned freedom fighter-turned industrialist of a unique genre. Sri N Gopalaratnam, a Mechanical Engineer from the University of Madras, took over as Chairman of the Company.
The Project Mill Development Plan-III (MDP-III), commissioned in phases, helped the Company in upgradation and modernization of the Paper Machines in Erode, to increase the capacity from 132,000 tonnes per annum to 165,000 tonnes per annum, and in upgradation and modernisation of the RDH Pulp Mill to increase the capacity to 154,000 tonnes per annum costing ₹244.3 Crores in 2023.
Seshasayee Paper & Boards's most recent deal was a Merger/Acquisition with Servalakshmi Paper. The deal was made on 21-Sep-2022. With the successful completion of project MDP-III and with the prospect of the Company's paper manufacturing capacity getting expanded with the acquisition of M/s. Servalakshmi Paper Limited (Corporate Debtor under Liquidation), the Company has commenced work on identifying the next round of strategic growth projects for the Company in 2023.
Seshasayee Paper achieved "ZERO Stock of Finished Goods" as on March 31, 2023, in both units and across all warehouses. This was achieved in a year when the company recorded its highest production in its history, in FY 2022-23. This is the 22nd time in the last 29 years that the company has achieved ZERO Stock of Finished Goods.
The company's quality systems continue to be covered by the ISO 9001 accreditation awarded by Det Norske Veritas, The Netherlands. Seshasayee Paper & Boards has 1,456 total employees.
The company trades on NSE and BSE under the ticker symbol "SESHAPAPER" and has its registered office at Pallipalayam, Cauvery R.S P.O, Erode – 638 007, Tamil Nadu, India. With its strong foundation in paper manufacturing and continuous focus on modernization and expansion, Seshasayee Paper & Boards remains a significant player in India's paper industry.
