Sylvan Plyboard (India) (SYLVANPLY)₹55.90+4.98%Plywood Boards/ Laminates
In the Mar 2026 quarter (standalone), Sylvan Plyboard (India) reported sales of ₹132 Cr, down 2.2% from Mar 2025, and net profit of ₹2.99 Cr, down 25.1% year on year. For the year to Mar 2026, sales were ₹253 Cr and net profit ₹6.99 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|
| Sales | 107 | 135 | 120 | 132 |
| Expenses | 97.36 | 124 | 109 | 122 |
| Operating Profit | 9.99 | 10.99 | 10.99 | 9.99 |
| OPM % | 9.0% | 8.0% | 9.0% | 8.0% |
| Other Income | 1.01 | 1.01 | 1.01 | 1.01 |
| Interest | 4.99 | 5.99 | 5.01 | 3.99 |
| Depreciation | 1.01 | 2.01 | 2.01 | 2.01 |
| Profit before tax | 5.02 | 5.02 | 5.02 | 5.02 |
| Tax % | 25.0% | 23.0% | 26.0% | 28.0% |
| Net Profit | 2.99 | 3.99 | 3.99 | 2.99 |
| EPS (Rs) | 1.76 | 1.82 | 1.96 | 1.77 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales | 169 | 104 | 164 | 188 | 213 | 231 | 253 |
| Expenses | 156 | 96.36 | 153 | 176 | 196 | 211 | 232 |
| Operating Profit | 13.99 | 7.99 | 10.99 | 12.99 | 17.99 | 20.99 | 21.99 |
| OPM % | 8.0% | 8.0% | 6.0% | 7.0% | 9.0% | 9.0% | 9.0% |
| Other Income | 0.00 | 1.01 | 1.01 | 1.01 | 2.01 | 2.01 | 1.01 |
| Interest | 7.99 | 6.99 | 5.99 | 6.99 | 9.01 | 9.99 | 8.99 |
| Depreciation | 2.01 | 2.01 | 2.01 | 2.01 | 2.01 | 3.01 | 4.01 |
| Profit before tax | 4.02 | 1.01 | 4.02 | 5.02 | 9.04 | 9.04 | 10.03 |
| Tax % | 24.0% | 27.0% | 22.0% | 23.0% | 31.0% | 24.0% | 27.0% |
| Exceptional items | −1.41 | −0.03 | 0.35 | 0.11 | 0.07 | 0.06 | 0.00 |
| Net Profit | 2.99 | 0.00 | 2.99 | 3.99 | 5.99 | 6.99 | 6.99 |
| EPS (Rs) | 3.02 | 0.42 | 3.36 | 3.81 | 4.28 | 3.57 | 3.72 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 9.03 | 9.03 | 9.04 | 9.03 | 14.06 | 19.06 | 19.07 |
| Reserves | 70.14 | 71.15 | 74.20 | 79.08 | 82.21 | 106 | 113 |
| Borrowings | 46.18 | 47.19 | 46.17 | 55.21 | 55.23 | 63.25 | 64.24 |
| Other Liabilities | 57.28 | 39.19 | 53.26 | 61.30 | 67.32 | 74.36 | 76.36 |
| Total Liabilities | 184 | 167 | 182 | 205 | 219 | 263 | 273 |
| Fixed Assets | 18.99 | 18.99 | 20.01 | 20.01 | 23.01 | 30.98 | 28.99 |
| CWIP | 0.00 | 0.00 | 0.00 | 1.01 | 0.99 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 164 | 148 | 162 | 184 | 194 | 232 | 244 |
| Inventories | 110 | 105 | 107 | 132 | 139 | 166 | 172 |
| Trade receivables | 39.13 | 29.10 | 41.12 | 39.16 | 40.18 | 52.21 | 56.25 |
| Cash & equivalents | 5.99 | 3.99 | 5.99 | 2.99 | 9.99 | 10.99 | 9.99 |
| Total Assets | 184 | 167 | 182 | 205 | 219 | 263 | 273 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from operating activity | −6.01 | 5.01 | 11.03 | 9.02 | 14.05 | 0.00 | 13.03 |
| Cash from investing activity | 4.01 | 5.01 | −3.01 | −4.01 | −1.01 | −7.01 | −3.01 |
| Cash from financing activity | −6.98 | 2.99 | −4.99 | −7.98 | −6.98 | 7.98 | −11.98 |
| Net cash flow | −8.98 | 12.95 | 2.99 | −1.99 | 6.97 | 0.99 | −0.99 |
| Capex | 2.02 | 2.12 | 4.22 | 2.92 | 6.20 | 9.50 | 2.19 |
| Free cash flow | −7.98 | 3.99 | 7.98 | 6.98 | 7.98 | −8.97 | 10.97 |
| CFO / OP % | −30.1% | 74.9% | 106.9% | 78.9% | 86.0% | 12.9% | 72.9% |
| 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 | 354 | 540 | 325 | 373 | 348 | 393 | 398 |
| Days payable | 162 | 177 | 141 | 162 | 156 | 162 | 160 |
| Cash conversion cycle | 277 | 466 | 275 | 287 | 262 | 314 | 320 |
| Working capital days | 110 | 212 | 133 | 123 | 111 | 135 | 133 |
| ROCE % | — | 6.0% | 7.0% | 8.9% | 11.9% | 11.0% | 10.0% |
For the Mar 2026 quarter, Sylvan Plyboard (India) reported sales of ₹132 Cr, down 2.2% year on year and net profit of ₹2.99 Cr, down 25.1% year on year. The operating margin was 8.0%.
Sylvan Plyboard (India)'s sales for the year to Mar 2026 were ₹253 Cr.
Net profit for the year to Mar 2026 was ₹6.99 Cr. Earnings per share over the same trailing period were ₹3.72.
Sylvan Plyboard (India) reported borrowings of ₹64.24 Cr at Mar 2026, against cash and equivalents of ₹9.99 Cr.
Cash from operations was ₹13.03 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹10.97 Cr.