Shree Ajit Pulp & Paper Ltd.

•

shreeajit.comBSE: 538795NSE: SAPPL

Market Cap₹ 256 Cr.

Current Price

High / Low₹ 334 / 252

Stock P/E6.2

Book Value₹ 333

Price to Book0.68

Dividend Yield0.00 %

ROCE7.4 %

ROE4.0 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2017 • Paper: 98.6% • Wind Mill: 1.4%

PROS

Latest quarter profit grew 162.3% YoY, showing strong momentum
Company has consistently been profitable over the last 5 years
Company has delivered good sales growth of 16.0% CAGR over last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.26x)

CONS

Company has a low return on capital employed of 7.4%
Company has a low return on equity of 6.1% over last 3 years
Interest coverage is weak at 1.6x - earnings barely cover interest
Free cash flow has been persistently negative
Equity base is being diluted - shares outstanding up 66.4%
Company has delivered a poor profit growth of -13.7% over past five years

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Forest MaterialsPaperPaper & Paper Products

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	JKPAPER	414.75	23.19	7520.20	0.96	136.27	59.49	1887.17	12.72	7.80	15.39
2.	WSTCSTPAPR	713.10	20.51	4709.95	0.42	141.84	135.37	1051.26	10.12	7.11	19.34
3.	SESHAPAPER	251.25	16.00	1584.59	0.80	31.91	106.80	492.08	27.68	5.60	8.85
4.	ANDHRAPAP	73.29	52.76	1457.37	0.68	303.16	1322.95	3937.71	900.89	1.99	12.39
5.	NRAIL	629.10	17.23	1070.67	0.32	34.98	111.33	646.96	43.09	8.25	11.48
6.	TNPL	153.15	4.06	1059.96	2.61	5.74	177.46	1146.64	1.53	5.85	10.02
7.	PDMJEPAPER	97.76	10.19	928.23	0.61	337.20	830.46	2029.20	932.93	20.10	17.53
8.	SATIA	68.40	0.00	684.00	0.29	-17.12	-154.18	361.81	-2.45	3.99	14.04
9.	KUANTUM	76.62	18.51	668.61	3.26	62.30	416.58	3037.50	1262.60	5.24	13.20
10.	BBTCL	227.00	13.99	465.61	0.00	14.39	727.77	180.47	18.53	3.03	18.69
11.	RAMANEWS	31.08	0.00	458.50	0.00	-10.50	-29.46	9.72	6.02	1.87	-7.68
12.	SAPPL	287.95	6.17	256.14	0.00	18.54	162.34	201.17	13.59	7.43	17.86

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	76	68	43	107	118	111	121	155	177	172	177	175	201
	70	63	38	102	107	101	108	137	154	152	154	148	178
Operating Profit	5	5	5	5	11	10	13	18	23	21	23	26	23
OPM %	7.21%	7.15%	11.56%	5.09%	9.19%	8.97%	10.40%	11.40%	12.99%	12.08%	13.18%	15.11%	11.58%
	1	0	-0	6	0	0	0	2	0	0	0	2	1
Interest	1	1	1	5	5	5	6	8	8	7	7	12	8
Depreciation	2	2	2	4	4	4	4	5	5	5	5	5	5
Profit before Tax	4	2	2	3	3	2	3	7	10	9	11	12	24
Tax %	28.57%	56.39%	30.33%	3.06%	26.35%	26.34%	26.29%	32.94%	31.23%	32.05%	32.22%	21.49%	23.60%
Net Profit	0	0	0	0	2	1	2	5	7	6	8	10	19
	4.98	2.13	2.97	5.12	2.92	1.77	2.28	5.45	7.95	6.56	8.47	10.80	20.84

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	237	209	249	270	240	267	418	372	295	506	725
	209	190	225	225	206	221	372	343	274	455	631
Operating Profit	28	19	24	44	34	45	46	29	21	51	94
OPM %	11.82%	8.89%	9.76%	16.49%	14.28%	17.01%	10.99%	7.84%	7.06%	10.09%	12.94%
	0	0	-0	0	1	1	1	0	7	2	4
Interest	5	4	6	5	4	4	5	6	7	23	34
Depreciation	5	5	6	7	8	8	7	7	9	16	20
Profit before Tax	18	9	12	33	23	34	32	25	11	14	56
Tax %	34.15%	29.20%	30.56%	29.09%	14.96%	29.91%	31.63%	18.10%	26.97%	33.19%	26.13%
Net Profit	12	6	8	23	20	24	22	21	8	9	42
EPS	0.00	0.00	0.00	0.00	37.21	44.80	40.37	38.64	11.00	10.57	—
Dividend Payout %	3.41%	6.24%	5.24%	1.68%	2.02%	2.23%	2.48%	2.59%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: 10%
5 Years:: 16%
3 Years:: 7%

COMPOUNDED PROFIT GROWTH

10 Years:: 3%
5 Years:: -14%
3 Years:: -24%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: —

RETURN ON EQUITY

10 Years:: 11%
5 Years:: 9%
3 Years:: 6%
Last Year:: 4%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	5	5	5	5	5	5	5	5	7	9
	81	88	95	118	138	161	182	203	220	239
	25	38	44	30	27	19	41	158	192	248
Trade Payables	17	17	15	17	15	23	23	21	36	32
	38	31	35	41	30	54	57	73	96	76
Total Liabilities	166	178	194	211	215	262	309	461	551	604
	91	89	111	127	134	129	128	140	294	408
Capital Work in Progress	1	6	2	3	3	1	3	139	44	0
	0	5	5	8	8	7	4	13	0	0
	17	21	22	23	18	31	52	54	55	68
	0	0	0	0	0	0	0	0	54	78
Cash & Bank	1	1	1	2	10	25	18	3	2	16
	56	57	53	49	42	68	103	112	103	33
Total Assets	166	178	194	211	215	262	309	461	551	604

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	20	17	20	53	37	35	3	26	19	8
Cash from Investing	-4	-27	-18	-24	-14	0	-15	-146	-87	-46
Cash from Financing	-13	13	1	-21	-10	-10	16	110	66	48
	-0	-0	-0	0	8	15	-7	-15	-2	10

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	59.39	59.39	59.39	59.39	59.39	59.39	59.60	59.60	59.60
FIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	40.61	40.61	40.61	40.61	40.61	40.61	40.40	40.40	40.40

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

No announcements filed.

News

Recent coverage and analyst commentary for SAPPL

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AI Stock Analyst

Shree Ajit Pulp & Paper Ltd.

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Name

JKPAPER

414.75

23.19

7520.20

0.96

136.27

59.49

1887.17

12.72

7.80

15.39

WSTCSTPAPR

713.10

20.51

4709.95

0.42

141.84

135.37

1051.26

10.12

7.11

19.34

SESHAPAPER

251.25

16.00

1584.59

0.80

31.91

106.80

492.08

27.68

5.60

8.85

ANDHRAPAP

73.29

52.76

1457.37

0.68

303.16

1322.95

3937.71

900.89

1.99

12.39

NRAIL

629.10

17.23

1070.67

0.32

34.98

111.33

646.96

43.09

8.25

11.48

TNPL

153.15

4.06

1059.96

2.61

5.74

177.46

1146.64

1.53

5.85

10.02

PDMJEPAPER

97.76

10.19

928.23

0.61

337.20

830.46

2029.20

932.93

20.10

17.53

SATIA

68.40

0.00

684.00

0.29

-17.12

-154.18

361.81

-2.45

3.99

14.04

KUANTUM

76.62

18.51

668.61

3.26

62.30

416.58

3037.50

1262.60

5.24

13.20

BBTCL

227.00

13.99

465.61

0.00

14.39

727.77

180.47

18.53

3.03

18.69

RAMANEWS

31.08

0.00

458.50

0.00

-10.50

-29.46

9.72

6.02

1.87

-7.68

SAPPL

287.95

6.17

256.14

0.00

18.54

162.34

201.17

13.59

7.43

17.86

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

107

118

111

121

155

177

172

177

175

201

102

107

101

108

137

154

152

154

148

178

Operating Profit

OPM %

7.21%

7.15%

11.56%

5.09%

9.19%

8.97%

10.40%

11.40%

12.99%

12.08%

13.18%

15.11%

11.58%

-0

Interest

Depreciation

Profit before Tax

Tax %

28.57%

56.39%

30.33%

3.06%

26.35%

26.34%

26.29%

32.94%

31.23%

32.05%

32.22%

21.49%

23.60%

Net Profit

4.98

2.13

2.97

5.12

2.92

1.77

2.28

5.45

7.95

6.56

8.47

10.80

20.84

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

TTM

237

209

249

270

240

267

418

372

295

506

725

209

190

225

206

221

372

343

274

455

631

Operating Profit

OPM %

11.82%

8.89%

9.76%

16.49%

14.28%

17.01%

10.99%

7.84%

7.06%

10.09%

12.94%

-0

Interest

Depreciation

Profit before Tax

Tax %

34.15%

29.20%

30.56%

29.09%

14.96%

29.91%

31.63%

18.10%

26.97%

33.19%

26.13%

Net Profit

EPS

0.00

37.21

44.80

40.37

38.64

11.00

10.57

—

Dividend Payout %

3.41%

6.24%

5.24%

1.68%

2.02%

2.23%

2.48%

2.59%

0.00%

—

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Equity Capital

118

138

161

182

203

220

239

158

192

248

Trade Payables

Total Liabilities

166

178

194

211

215

262

309

461

551

604

111

127

134

129

128

140

294

408

Capital Work in Progress

139

Cash & Bank

103

112

103

Total Assets

166

178

194

211

215

262

309

461

551

604

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Cash from Investing

-4

-27

-18

-24

-14

-15

-146

-87

-46

Cash from Financing

-13

-21

-10

110

-0

-7

-15

-2

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

59.39

59.60

FIIs

0.00

DIIs

0.00

Government

0.00

40.61

40.40

Shree Ajit Pulp & Paper Ltd.

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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Shree Ajit Pulp & Paper Ltd.

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI