Price
Financials
Standalone, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 46.52 | 45.56 | 48.68 | 42.61 | 51.19 | 39.66 | 46.81 | 47.57 | 48.35 | 46.70 | 36.72 | 55.91 |
| Expenses | 46.35 | 43.11 | 46.74 | 40.72 | 47.87 | 38.57 | 45.30 | 45.59 | 47.20 | 45.34 | 34.54 | 51.25 |
| Operating Profit | 0.17 | 2.45 | 1.94 | 1.89 | 3.32 | 1.09 | 1.51 | 1.98 | 1.15 | 1.36 | 2.18 | 4.66 |
| OPM % | 0.37% | 5.38% | 3.99% | 4.44% | 6.49% | 2.75% | 3.23% | 4.16% | 2.38% | 2.91% | 5.94% | 8.33% |
| Other Income | 0.22 | 0.16 | 0.47 | 0.13 | 0.20 | 0.10 | 0.21 | 0.15 | 0.32 | 0.15 | 0.23 | 0.24 |
| Interest | 0.63 | 0.65 | 0.66 | 0.62 | 0.65 | 0.67 | 0.59 | 0.56 | 0.56 | 0.54 | 0.54 | 0.60 |
| Depreciation | 0.44 | 0.44 | 0.39 | 0.48 | 0.51 | 0.44 | 0.49 | 0.48 | 0.49 | 0.49 | 0.55 | 0.59 |
| Profit before tax | -0.68 | 1.52 | 1.36 | 0.92 | 2.36 | 0.08 | 0.64 | 1.09 | 0.42 | 0.48 | 1.32 | 3.71 |
| Tax % | -33.82% | 24.34% | 36.76% | 28.26% | 34.32% | -112.50% | 32.81% | 26.61% | 26.19% | 27.08% | 31.06% | 28.03% |
| Net Profit | -0.45 | 1.15 | 0.86 | 0.67 | 1.56 | 0.17 | 0.43 | 0.80 | 0.30 | 0.35 | 0.92 | 2.68 |
| EPS in Rs | -3.44 | 8.80 | 6.58 | 5.13 | 11.93 | 1.30 | 3.29 | 6.12 | 2.29 | 2.68 | 7.04 | 20.50 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 94 | 104 | 120 | 148 | 125 | 106 | 155 | 226 | 190 | 180 | 179 | 188 |
| Expenses | 88 | 99 | 114 | 139 | 121 | 102 | 150 | 219 | 184 | 172 | 172 | 178 |
| Operating Profit | 6 | 5 | 6 | 9 | 5 | 3 | 5 | 7 | 7 | 8 | 7 | 9 |
| OPM % | 6% | 5% | 4.7% | 6% | 3.6% | 3.1% | 2.9% | 2.9% | 3.6% | 4.5% | 4.0% | 5.0% |
| Other Income | 0 | 0 | 1 | 1 | 1 | 0 | 1 | 2 | 1 | 0 | 0 | 1 |
| Interest | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 2 | 2 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 |
| Profit before tax | 2 | 3 | 4 | 7 | 2 | 1 | 2 | 5 | 3 | 4 | 3 | 6 |
| Tax % | 33% | 35% | 28% | 16% | 5% | 14% | 22% | 29% | 29% | 30% | 29% | |
| Net Profit | 2 | 2 | 3 | 6 | 2 | 1 | 2 | 3 | 2 | 3 | 2 | 4 |
| EPS in Rs | 12.70 | 13.08 | 19.89 | 46.97 | 13.77 | 4.97 | 12.54 | 25.93 | 18.89 | 21.65 | 18.13 | 32.51 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 7% | 11% | -7% | 1% | ||
| Compounded Profit Growth | 4% | 32% | -8% | 44% | ||
| Stock Price CAGR | 12% | 12% | 0% | -13% | ||
| Return on Equity | 8% | 7% | 6% | 6% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Reserves | 18 | 20 | 21 | 24 | 30 | 32 | 33 | 34 | 38 | 40 | 43 | 45 |
| Borrowings | 24 | 22 | 18 | 20 | 18 | 20 | 19 | 19 | 25 | 26 | 27 | 31 |
| Other Liabilities | 15 | 14 | 12 | 18 | 19 | 15 | 18 | 19 | 26 | 22 | 21 | 21 |
| Total Liabilities | 58 | 57 | 53 | 63 | 68 | 69 | 71 | 74 | 90 | 90 | 92 | 99 |
| Fixed Assets | 20 | 21 | 21 | 25 | 28 | 30 | 32 | 30 | 36 | 35 | 40 | 49 |
| CWIP | 0 | 0 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 38 | 35 | 31 | 38 | 40 | 39 | 39 | 44 | 54 | 52 | 53 | 50 |
| Total Assets | 58 | 57 | 53 | 63 | 68 | 69 | 71 | 74 | 90 | 90 | 92 | 99 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 1 | 4 | 9 | 2 | 8 | 3 | 7 | 1 | 4 | 4 | 6 | 11 |
| Cash from Investing Activity | -3 | -2 | -2 | 0 | -5 | -2 | -3 | -0 | -8 | -3 | -4 | -12 |
| Cash from Financing Activity | 1 | -2 | -6 | -0 | -3 | -0 | -3 | -1 | 4 | -1 | -2 | 2 |
| Net Cash Flow | -2 | 0 | 0 | 2 | 0 | -0 | -0 | 0 | 1 | 0 | -0 | 1 |
| Free Cash Flow | -3 | 2 | 7 | 2 | 3 | -0 | 3 | 0 | -4 | 1 | 1 | -1 |
| CFO/OP | 24% | 82% | 181% | 57% | 102% | 67% | 204% | 34% | 80% | 75% | 80% | 153% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 77 | 78 | 64 | 66 | 55 | 66 | 84 | 58 | 46 | 48 | 55 | 49 |
| Inventory Days | 111 | 86 | 56 | 74 | 69 | 72 | 86 | 66 | 58 | 78 | 84 | 80 |
| Days Payable | 72 | 55 | 31 | 58 | 55 | 48 | 78 | 52 | 48 | 47 | 45 | 39 |
| Cash Conversion Cycle | 116 | 109 | 89 | 83 | 69 | 91 | 93 | 72 | 57 | 79 | 93 | 90 |
| Working Capital Days | 36 | 35 | 33 | 29 | 33 | 37 | 45 | 38 | 25 | 31 | 38 | 29 |
| ROCE % | 12% | 12% | 11% | 12% | 20% | 8% | 5% | 7% | 12% | 9% | 10% | 8% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 39.48% | 39.48% | 39.48% | 39.48% | 39.48% | 39.48% | 39.48% | 39.48% | 39.48% | 39.48% | 39.48% | 39.48% |
| Public | 60.52% | 60.53% | 60.53% | 60.52% | 60.52% | 60.52% | 60.52% | 60.51% | 60.51% | 60.51% | 60.51% | 60.51% |
| No. of Shareholders | 8,252 | 8,206 | 8,128 | 8,020 | 8,015 | 8,024 | 7,997 | 7,994 | 7,964 | 7,951 | 7,925 | 7,913 |
Fundamentals
Market Cap₹ 25.0 Cr.
Current Price₹ 191
Stock P/E5.88
Book Value₹ 357
ROCE8.01 %
ROE5.78 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)1%
Compounded Profit Growth (TTM)44%
Standalone figures.
Valuation
Market capRs 25 Cr
Enterprise valueRs 54 Cr
P/E (TTM)5.91x
Price to book0.54x
Price to sales0.13x
EV / EBITDA5.29x
EV / EBIT6.66x
EV / sales0.29x
Price to cash flow2.34x
Earnings yield16.93%
P/E, 3-year average9.19x
P/B, 3-year average0.53x
P/E, 5-year average7.92x
P/B, 5-year average0.47x
Profitability
Operating margin (excl. other income)3.98%
Operating margin (incl. other income)4.22%
EBITDA margin5.48%
Pre-tax margin3.16%
Net profit margin2.26%
Net margin, latest quarter4.79%
ROE5.20%
ROCE7.43%
ROA2.47%
ROE, 3-year average5.97%
ROCE, 3-year average8.68%
ROA, 3-year average2.78%
ROE, 5-year average6.33%
ROCE, 5-year average8.96%
ROA, 5-year average2.94%
ROIC (approx.)7.66%
Tax rate28.70%
Other income / net worth0.90%
Growth
Sales growth (latest year)-0.49%
Profit growth (latest year)-16.25%
Sales CAGR, 3 years-7.43%
Sales CAGR, 5 years11.14%
Profit CAGR, 3 years-11.25%
Profit CAGR, 5 years29.53%
Sales growth QoQ52.26%
Profit growth QoQ191.30%
Sales growth YoY (latest quarter)17.53%
Profit growth YoY (latest quarter)235.00%
Per share
EPS (TTM)Rs 32.51
EPS (latest year)Rs 18.13
EPS (latest quarter)Rs 20.50
EPS, 3-year averageRs 19.56
EPS, 5-year averageRs 19.43
Book value per shareRs 357.47
Sales per shareRs 1,435.67
Cash flow per shareRs 82.00
Free cash flow per shareRs -7.65
Efficiency
Asset turnover1.81x
Fixed asset turnover3.66x
Inventory turnover6.99x
Inventory days52 days
Debtor days49 days
Debtors turnover7.49x
Creditor days39 days
Cash conversion cycle90 days
Working capital days29 days
Leverage
Total debtRs 31 Cr
Cash and bankRs 2 Cr
Net debtRs 29 Cr
Debt to equity0.67x
Net debt / EBITDA2.85x
Interest coverage3.65x
Owners' fund to total sources47.17%
Debt to assets31.71%
Cash flow
Cash from Operating Activity (latest year)Rs 11 Cr
Cash from Investing Activity (latest year)Rs -12 Cr
Cash from Financing Activity (latest year)Rs 2 Cr
Net Cash Flow (latest year)Rs 1 Cr
Free cash flow (latest year)Rs -1 Cr
FCFE (approx.: FCF + change in debt)Rs 4 Cr
Cash from ops / profit, 5 years2.17x
Sales to cash flow16.73x
Statement figures
Net sales (TTM)Rs 188 Cr
Net sales (latest year)Rs 179 Cr
Sales (latest quarter)Rs 56 Cr
Operating profit excl. other income (latest year)Rs 7 Cr
Operating profit (latest quarter)Rs 5 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs 10 Cr
PBDT (TTM)Rs 8 Cr
Profit before tax (TTM)Rs 6 Cr
Tax (latest year)Rs 1 Cr
Net profit (TTM)Rs 4 Cr
Net profit (latest year)Rs 2 Cr
Net profit (latest quarter)Rs 3 Cr
Depreciation (TTM)Rs 2 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 2 Cr
Cost of goods sold (latest year)Rs 157 Cr
Total expenditure (latest year)Rs 172 Cr
Total income (latest year)Rs 180 Cr
Share capitalRs 1 Cr
ReservesRs 45 Cr
Shareholders' fundsRs 47 Cr
Total assetsRs 99 Cr
Net blockRs 49 Cr
ReceivablesRs 24 Cr
InventoryRs 22 Cr
Other liabilitiesRs 21 Cr
Shares outstanding (crore)0.13
Ownership
Promoter holding39.48% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 5.9 is at the 20th percentile of its own 9.4-year range
(median 8.1, low 1.0, high 22.2).
P/B 0.54 is at the 47th percentile (median 0.54).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | 516096 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -3.7% | -2.8% | -0.9 pts |
| 1 month | -6.1% | -6.8% | +0.7 pts |
| 3 months | +21.4% | -7.6% | +29.0 pts |
| 3 years | +0.8% | +14.2% | -13.4 pts |
| 5 years | +69.5% | +27.9% | +41.6 pts |
Red flags
F-score 4 of 8No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹56 Cr +17.5% vs Jun 2025.
Net profit ₹3 Cr +235.0%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| JK Paper Ltd | 7,096 | 21.7 | 7.39 % |
| West Coast Paper Mills Ltd | 4,641 | 20.2 | 6.17 % |
| Seshasayee Paper & Boards Ltd | 1,535 | 15.5 | 5.60 % |
| Andhra Paper Ltd | 1,427 | 51.7 | 0.04 % |
| N R Agarwal Industries Ltd | 1,125 | 17.0 | 8.49 % |
| Tamil Nadu Newsprint & Papers Ltd | 1,053 | 4.04 | 6.41 % |
| Pudumjee Paper Products Ltd | 898 | 9.86 | 18.1 % |
| Emami Paper Mills Ltd | 718 | 7.60 | 11.4 % |
| Satia Industries Ltd | 687 | 3.94 % | |
| Kuantum Papers Ltd | 671 | 18.6 | 5.24 % |
| Prabhatam Infra Venture Ltd | 614 | -97.1 % | |
| Shree Rama Newsprint Ltd | 464 | 0.93 % | |
| Pakka Ltd | 350 | 25.2 | 3.31 % |
| Orient Paper & Industries Ltd | 343 | -4.24 % | |
| Ruchira Papers Ltd | 313 | 9.39 | 11.1 % |
No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Sangal Papers Ltd?
Sangal Papers Ltd (516096) has a market capitalisation of Rs 25.0 Cr. at the 2026-10-01 close.
What is the P/E ratio of Sangal Papers Ltd?
Sangal Papers Ltd trades at a P/E of 5.88 on trailing twelve-month profit, at the 2026-10-01 close.
What were Sangal Papers Ltd's latest quarterly results?
In the Jun 2026 quarter, Sangal Papers Ltd sales was Rs 56 Cr (+17.5% vs Jun 2025) and net profit was Rs 3 Cr.