---
title: "Sylvan Plyboard (India) Ltd (SYLVANPLY) — Share Price, Financials & Analysis"
symbol: "SYLVANPLY"
company: "Sylvan Plyboard (India) Ltd"
canonical: "https://tapetide.com/stocks/SYLVANPLY"
isin: "INE01IH01015"
nse_symbol: "SYLVANPLY"
sector: "Consumer Discretionary"
industry: "Consumer Durables"
market_cap_cr: 107.53
generated_at: "2026-09-13T18:50:11.375Z"
---

# Sylvan Plyboard (India) Ltd (SYLVANPLY)

Canonical page: https://tapetide.com/stocks/SYLVANPLY

## Company

- **NSE Symbol:** SYLVANPLY
- **ISIN:** INE01IH01015
- **Sector:** Consumer Discretionary
- **Industry:** Consumer Durables
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2024-07-01
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** sylvanply.com

## About

Incorporated in 2002, Sylvan Plyboard (India) Ltd is in the manufacturing of plywood, Block Board, Flush Doors, Veneers, and allied products.[1]

## Latest Price

- **Price:** ₹53
- **Change:** -2.5 (-4.5%)
- **Open:** ₹53
- **Day High:** ₹53
- **Day Low:** ₹53
- **Previous Close:** ₹55.5
- **Volume:** 2000
- **As Of:** 2026-09-11T08:59:57+00:00

## Key Fundamentals

Observed at 2026-09-11T04:36:20.550062Z.

- **Market Cap:** ₹107.53 Cr
- **Classification:** SME
- **P/E (reported):** 15
- **EPS (reported):** ₹3.15
- **Book Value:** ₹68.31
- **Price to Book:** 0.81
- **Dividend Yield:** 0%
- **ROE:** 5.51%
- **ROCE:** 15.2%
- **Debt to Equity:** 0.48
- **Revenue (yearly):** ₹252.87 Cr
- **Net Income:** ₹7.12 Cr
- **EBITDA:** ₹21.55 Cr
- **52-Week High:** ₹74.4
- **52-Week Low:** ₹40
- **RSI (14):** 53.6

## Tapetide Score

- **Score:** 52 / 100
- **Score date:** 2026-09-04
- **Archetype:** Priced for Perfection
- **What it means:** The business scores well but the multiple leaves little room for error. The debate here is about the price, not the company; small disappointments tend to cost more at rich valuations.
- **Pillar profile:** Quality: Good · Valuation: Expensive · Momentum: Rising
- **Percentile:** 56.6 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 45.2 | 9% |
| growth | 56.62 | 9% |
| momentum | 76.82 | 12% |
| ownership | 50.82 | 24% |
| quality | 60.28 | 22% |
| valuation | 37.45 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Stock is trading at 0.78 times its book value
- Company has delivered good profit growth of 79.1% CAGR over last 5 years

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 6.05% over last 3 years.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -99.86% | -99.79% | -99.6% |
| ebitda margin growth | -92.14% | -8.42% | -3.64% | 26% |
| net income growth | -95.62% | 3.19% | 28% | 79% |
| revenue growth | -80.87% | 3.85% | 10% | 19% |
| roce | — | -11.37% | 20.35% | 12.81% |
| roe | — | -13.09% | 5.28% | — |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Sales | 107 | 135 | 120 | 132 |
| Expenses | 97 | 124 | 109 | 122 |
| Operating Profit | 10 | 11 | 11 | 10 |
| OPM % | 9 | 8 | 9 | 8 |
| Other Income | 1 | 1 | 1 | 1 |
| Interest | 5 | 6 | 5 | 4 |
| Depreciation | 1 | 2 | 2 | 2 |
| Profit before tax | 5 | 5 | 5 | 5 |
| Tax % | 25 | 23 | 26 | 28 |
| Net Profit | 3 | 4 | 4 | 3 |
| EPS in Rs | 1.75 | 1.81 | 1.95 | 1.76 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 169 | 104 | 164 | 188 | 213 | 231 | 253 |
| Expenses | 155 | 96 | 153 | 175 | 195 | 210 | 231 |
| Operating Profit | 14 | 8 | 11 | 13 | 18 | 21 | 22 |
| OPM % | 8 | 8 | 6 | 7 | 9 | 9 | 9 |
| Other Income | 0 | 1 | 1 | 1 | 2 | 2 | 1 |
| Interest | 8 | 7 | 6 | 7 | 9 | 10 | 9 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 3 | 4 |
| Profit before tax | 4 | 1 | 4 | 5 | 9 | 9 | 10 |
| Tax % | 24 | 27 | 22 | 23 | 31 | 24 | 27 |
| Net Profit | 3 | 0 | 3 | 4 | 6 | 7 | 7 |
| EPS in Rs | 3.01 | 0.41 | 3.35 | 3.8 | 4.27 | 3.56 | 3.71 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 9 | 9 | 9 | 9 | 14 | 19 | 19 |
| Reserves | 70 | 71 | 74 | 79 | 82 | 106 | 113 |
| Borrowings | 46 | 47 | 46 | 55 | 55 | 63 | 64 |
| Other Liabilities | 57 | 39 | 53 | 61 | 67 | 74 | 76 |
| Total Liabilities | 183 | 166 | 181 | 204 | 218 | 262 | 272 |
| Fixed Assets | 19 | 19 | 20 | 20 | 23 | 31 | 29 |
| CWIP | 0 | 0 | 0 | 1 | 1 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 163 | 147 | 161 | 183 | 193 | 231 | 243 |
| Total Assets | 183 | 166 | 181 | 204 | 218 | 262 | 272 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -6 | 5 | 11 | 9 | 14 | 0 | 13 |
| Cash from Investing Activity | 4 | 5 | -3 | -4 | -1 | -7 | -3 |
| Cash from Financing Activity | -7 | 3 | -5 | -8 | -7 | 8 | -12 |
| Net Cash Flow | -9 | 13 | 3 | -2 | 7 | 1 | -1 |
| Free Cash Flow | -8 | 4 | 8 | 7 | 8 | -9 | 11 |
| CFO/OP | -30 | 75 | 107 | 79 | 86 | 13 | 73 |

### Ratios

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 84 | 102 | 90 | 75 | 69 | 82 | 81 |
| Inventory Days | 355 | 541 | 326 | 374 | 349 | 394 | 399 |
| Days Payable | 161 | 176 | 140 | 161 | 155 | 161 | 159 |
| Cash Conversion Cycle | 278 | 467 | 276 | 288 | 263 | 315 | 321 |
| Working Capital Days | 109 | 211 | 132 | 122 | 110 | 134 | 132 |
| ROCE % | — | 6 | 7 | 9 | 12 | 11 | 10 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2018 | Jun 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Promoters | 99.79% | 73.53% | 73.53% | 73.53% | 73.53% | 73.68% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 0% | 21.85% | 17.69% | 17.88% | 18.16% | 18.47% |
| Others | 0.21% | 4.62% | 8.78% | 8.59% | 8.31% | 7.86% |
| No. of Shareholders | 11 | 2138 | 1023 | 955 | 918 | 884 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 4 / 7 / 8

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 54.21 | Sell |
| EMA (10) | 54.06 | Sell |
| SMA (20) | 52.61 | Buy |
| EMA (20) | 53.84 | Sell |
| SMA (50) | 54.67 | Sell |
| EMA (50) | 54.1 | Sell |
| SMA (100) | 52.58 | Buy |
| EMA (100) | 54.98 | Sell |
| SMA (200) | 58.3 | Sell |
| EMA (200) | 59.07 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 47.85 | Neutral |
| MACD (12,26,9) | 0.03 | Buy |
| Stochastic (14,3,3) | 60.25 | Neutral |
| ADX (14) | 16.71 | Neutral |
| Williams %R (14) | -58.76 | Neutral |
| ATR (14) | 1.92 | High Volatility |
| ROC (12) | 6 | Buy |
| Stoch RSI (14) | 44.16 | Neutral |
| UO (7,14,28) | 47.86 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 6 Jul - Investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written … | [Price movement 6 Jul - Investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written …](https://www.nseindia.com/companies-listing/corporate-filings-announcements?symbol=SYLVANPLY&tabIndex=sme) |
| 6 Jul - Company clarified significant share price movement was market-driven and no unpublished price-sensitive information exists. | [Updates 6 Jul - Company clarified significant share price movement was market-driven and no unpublished price-sensitive information exists.](https://nsearchives.nseindia.com/corporate/sylvan_06072026180122_Reply.pdf) |
| 5 Sep - 24th AGM on September 29, 2026 via VC/OAVM; books closed September 23-29, 2026. | [Copy of Newspaper Publication 5 Sep - 24th AGM on September 29, 2026 via VC/OAVM; books closed September 23-29, 2026.](https://nsearchives.nseindia.com/corporate/sylvan_05092026124114_Newspaper_outcome.pdf) |
| 5 January 2026 - Special resolution passed on Jan 02, 2026 approving FPO of up to 5,500,000 equity shares. | [Shareholders meeting 5 January 2026 - Special resolution passed on Jan 02, 2026 approving FPO of up to 5,500,000 equity shares.](https://nsearchives.nseindia.com/corporate/sylvan_05012026185036_Letter_Merged.pdf) |
| 4 Sep - Sylvan Plyboard filed FY26 annual report and AGM notice for 29 September 2026. | [Shareholders meeting 4 Sep - Sylvan Plyboard filed FY26 annual report and AGM notice for 29 September 2026.](https://nsearchives.nseindia.com/corporate/sylvan_04092026162855_Letter.pdf) |
| 4 Sep - Book closure from 23–29 September 2026 for 24th AGM; record date 22 September 2026. | [Record Date 4 Sep - Book closure from 23–29 September 2026 for 24th AGM; record date 22 September 2026.](https://nsearchives.nseindia.com/corporate/sylvan_04092026164711_Record_Date.pdf) |
| 31 Aug - Board approved 24th AGM on September 29, 2026, director reappointment, internal auditor, revised RPT policy, scrutinizer. | [Outcome of Board Meeting 31 Aug - Board approved 24th AGM on September 29, 2026, director reappointment, internal auditor, revised RPT policy, scrutinizer.](https://nsearchives.nseindia.com/corporate/sylvan_31082026165055_Outcome.pdf) |
| 31 Aug - Board appointed Ajit Kumar Shaw as Internal Auditor for FY2026-27 effective 31 August 2026. | [Appointment 31 Aug - Board appointed Ajit Kumar Shaw as Internal Auditor for FY2026-27 effective 31 August 2026.](https://nsearchives.nseindia.com/corporate/sylvan_31082026165726_Intimation.pdf) |
| 29 May 2026 - Board approved FY26 audited results; revenue ₹254.08 crore, profit ₹7.19 crore, unmodified audit opinion. | [Outcome of Board Meeting 29 May 2026 - Board approved FY26 audited results; revenue ₹254.08 crore, profit ₹7.19 crore, unmodified audit opinion.](https://nsearchives.nseindia.com/corporate/sylvan_29052026165738_Outcome.pdf) |
| 28 May 2026 - Submitted SDD compliance certificate for FY ended March 31, 2026; no noncompliances observed. | [Structural Digital Database 28 May 2026 - Submitted SDD compliance certificate for FY ended March 31, 2026; no noncompliances observed.](https://nsearchives.nseindia.com/corporate/sylvan_28052026155713_Letter.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31391_SYLVANPLY_2025_2026_A_24674281_04092026165614.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_27996_SYLVANPLY_2024_2025_A_11936293_01092025102353.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_25174_SYLVANPLY_2023_2024_27082024162921.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:50:11.375Z.