Sylvan Plyboard (SYLVANPLY)

Score breakdown: P/E: 2/3 · ROCE: 0/2 · Growth: 1/2 · Dividend: 0/1

Key Financials

Strengths

• Promoter holding of 73.68% aligns owner-manager interests
• Piotroski F-score of 7/9 indicates sound financial health
• Sales growth of 12.14% and profit growth of 10.88% show steady expansion
• P/E of 12.24 with PEG of 1.06 offers reasonable valuation relative to growth
• Latest quarter revenue of ₹120 Cr shows meaningful scale for an ₹89 Cr market cap company

Concerns

• No dividend yield; investors rely solely on capital appreciation
• Latest quarter net profit of ₹4 Cr on ₹120 Cr sales is a thin ~3% margin
• Insufficient data on book value, ROE, and debt/equity limits balance sheet assessment
• Plywood and laminates are cyclical, competitive, and lack an obvious moat

AI Analysis

Let me look at Sylvan Plyboard the way Graham would—with humility and a demand for facts. At ₹66.10, the market cap is ₹89 Cr, and the P/E is 12.24, giving an earnings yield near 8%. That is not expensive, and the PEG of 1.06 suggests the market is paying close to fair value for the recent growth. Sales grew 12.14% and profit grew 10.88%—steady, but hardly a spectacular compounding machine. ROCE at 11.46% is respectable but not the hallmark of a wide-moat business. The Piotroski F-score of 7/9 is reassuring: the company appears fundamentally sound on profitability, leverage, and efficiency. Still, the latest quarter shows ₹120 Cr in sales and only ₹4 Cr in net profit—a thin margin that reminds me this is a competitive, cyclical industry. There is no dividend, so minority shareholders are entirely dependent on price appreciation. Promoter holding at 73.68% aligns interests, but it also makes the public float small and potentially illiquid. I also cannot see book value, ROE, or debt/equity, which is troubling; Graham always said to demand adequate disclosure before investing. This is a small, commodity-like plywood business tied to real estate and construction cycles. It may be fairly valued, but I need a stronger margin of safety and clearer balance-sheet data before acting.

Data from BSE/NSE filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer