MarketFriction

Saffron Industries Ltd

BSE 531436 · Paper & Paper Products
₹23.12 -1.32%
BSE close2026-10-01
Market cap₹16.5 Cr.
P/E9.68

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales0.003.759.470.000.462.483.383.100.811.521.431.06
Expenses0.023.559.320.060.341.76-0.611.250.270.690.940.95
Operating Profit-0.020.200.15-0.060.120.723.991.850.540.830.490.11
OPM %5.33%1.58%26.09%29.03%118.05%59.68%66.67%54.61%34.27%10.38%
Other Income0.010.020.010.010.010.010.000.010.000.010.020.01
Interest0.000.000.000.000.000.000.000.000.000.000.000.00
Depreciation0.430.540.480.310.310.311.081.950.300.000.000.00
Profit before tax-0.44-0.32-0.32-0.36-0.180.422.91-0.090.240.840.510.12
Tax %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Net Profit-0.44-0.31-0.33-0.36-0.180.432.91-0.090.240.840.510.12
EPS in Rs-0.61-0.43-0.46-0.50-0.250.604.05-0.130.331.170.710.17
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales35.6132.305.6316.478.8317.2417.8517.0216.206.326.864.82
Expenses32.8931.096.1012.988.2618.0318.0216.6216.181.533.132.85
Operating Profit2.721.21-0.473.490.57-0.79-0.170.400.024.793.731.97
OPM %7.64%3.75%-8.35%21.19%6.46%-4.58%-0.95%2.35%0.12%75.79%54.37%40.87%
Other Income-0.210.600.12-1.090.270.110.020.020.040.030.030.04
Interest0.010.000.180.040.010.010.010.000.010.010.010.00
Depreciation1.381.411.241.211.191.201.621.931.942.002.250.30
Profit before tax1.120.40-1.771.15-0.36-1.89-1.78-1.51-1.892.811.501.71
Tax %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%-5.33%
Net Profit1.110.40-1.761.15-0.36-1.90-1.78-1.50-1.892.811.571.71
EPS in Rs1.540.56-2.451.60-0.50-2.64-2.48-2.09-2.633.912.192.38
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth-15%-17%-26%-49%
Compounded Profit Growth1%23%45%-44%
Stock Price CAGR12%49%82%-20%
Return on Equity%%%%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital7.197.197.197.197.197.197.197.197.197.197.197.19
Reserves-13.18-12.06-11.67-13.43-12.28-12.65-14.54-16.32-17.82-19.76-16.95-15.38
Borrowings21.2120.5820.5820.5820.5820.5817.3519.1419.9616.9811.841.96
Other Liabilities15.7314.0312.657.533.152.362.070.911.016.4310.4518.20
Total Liabilities30.9529.7428.7521.8718.6417.4812.0710.9210.3410.8412.5311.97
Fixed Assets21.5220.1018.5914.5213.0411.8510.659.436.694.752.760.01
CWIP0.000.000.000.000.000.000.000.000.000.000.000.00
Investments0.000.000.000.000.000.000.000.000.000.000.000.00
Other Assets9.439.6410.167.355.605.631.421.493.656.099.7711.96
Total Assets30.9529.7428.7521.8718.6417.4812.0710.9210.3410.8412.5311.97
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-4.732.190.00-3.32-0.45-0.223.47-1.22-2.093.275.109.63
Cash from Investing Activity-0.87-1.230.002.63-0.120.030.03-0.380.830.040.030.53
Cash from Financing Activity5.63-0.970.00-0.040.510.00-3.231.790.82-2.98-5.14-9.89
Net Cash Flow0.04-0.020.00-0.73-0.06-0.200.270.19-0.440.33-0.010.28
Free Cash Flow-6.041.950.00-0.75-0.45-0.223.47-1.62-1.283.265.1010.13
CFO/OP-146%81%0%706%-13%-39%-439%718%-522%16,350%106%258%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days19.4941.3169.16313.13104.60190.560.000.000.000.005.2092.58
Inventory Days41.8017.050.847.411.4011.533.590.2383.08141.46
Days Payable124.69220.19184.76714.13116.39114.6640.2415.109.7751.23
Cash Conversion Cycle-63.40-161.84-114.76-393.59-10.3987.44-36.64-14.8773.3190.235.2092.58
Working Capital Days-53.33-58.12-46.22-71.9639.67116.16-29.01-6.9546.11-26.14-85.47-394.26
ROCE %10.06%9.25%2.70%-10.38%16.36%-2.29%-14.97%-17.69%-15.62%-27.37%86.90%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters60.49%60.49%60.49%60.49%60.49%60.50%60.50%60.50%60.50%60.50%60.50%60.50%
DIIs0.11%0.11%0.11%0.11%0.11%0.11%0.11%0.11%0.11%0.11%0.11%0.11%
Public39.39%39.39%39.39%39.39%39.39%39.40%39.41%39.41%39.40%39.40%39.40%39.41%
No. of Shareholders1,9612,0662,1422,3182,4102,4302,5352,4932,6853,5523,5193,373

Fundamentals

Market Cap₹ 16.5 Cr.
Current Price₹ 23.0
Stock P/E9.68
Book Value₹ -11.2
ROCE%
ROE%
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-49%
Compounded Profit Growth (TTM)-44%
Standalone figures.
Valuation
Market capRs 17 Cr
Enterprise valueRs 18 Cr
P/E (TTM)9.71x
Price to book-2.03x
Price to sales3.45x
EV / EBITDA4.53x
EV / EBIT10.47x
EV / sales3.73x
Price to cash flow1.73x
Earnings yield10.29%
P/E, 3-year average6.09x
P/B, 3-year average-0.96x
P/E, 5-year average6.09x
P/B, 5-year average-0.73x
Profitability
Operating margin (excl. other income)54.37%
Operating margin (incl. other income)54.81%
EBITDA margin82.37%
Pre-tax margin35.48%
Net profit margin35.48%
Net margin, latest quarter11.32%
ROE-17.49%
ROA12.82%
ROE, 3-year average-8.79%
ROCE, 3-year average29.77%
ROA, 3-year average6.34%
ROE, 5-year average2.08%
ROCE, 5-year average6.56%
ROA, 5-year average-2.12%
Tax rate-5.33%
Other income / net worth-0.37%
Growth
Sales growth (latest year)8.54%
Profit growth (latest year)-44.13%
Sales CAGR, 3 years-26.13%
Sales CAGR, 5 years-16.83%
Sales growth QoQ-25.87%
Profit growth QoQ-76.47%
Sales growth YoY (latest quarter)-65.81%
Per share
EPS (TTM)Rs 2.38
EPS (latest year)Rs 2.19
EPS (latest quarter)Rs 0.17
EPS, 3-year averageRs 1.16
EPS, 5-year averageRs -0.22
Book value per shareRs -11.40
Sales per shareRs 6.71
Cash flow per shareRs 13.40
Free cash flow per shareRs 14.10
Efficiency
Asset turnover0.57x
Fixed asset turnover686.00x
Inventory turnover0.29x
Inventory days1255 days
Debtor days93 days
Debtors turnover3.94x
Creditor days51 days
Cash conversion cycle93 days
Working capital days-394 days
Leverage
Total debtRs 2 Cr
Cash and bankRs 1 Cr
Net debtRs 1 Cr
Debt to equity-0.24x
Net debt / EBITDA0.35x
Interest coverage172.00x
Owners' fund to total sources-68.42%
Debt to assets16.37%
Cash flow
Cash from Operating Activity (latest year)Rs 10 Cr
Cash from Investing Activity (latest year)Rs 1 Cr
Cash from Financing Activity (latest year)Rs -10 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs 10 Cr
FCFE (approx.: FCF + change in debt)Rs 0 Cr
Sales to cash flow0.71x
Statement figures
Net sales (TTM)Rs 5 Cr
Net sales (latest year)Rs 7 Cr
Sales (latest quarter)Rs 1 Cr
Operating profit excl. other income (latest year)Rs 4 Cr
Operating profit (latest quarter)Rs 0 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 4 Cr
PBDT (TTM)Rs 4 Cr
Profit before tax (TTM)Rs 2 Cr
Tax (latest year)Rs -0 Cr
Net profit (TTM)Rs 2 Cr
Net profit (latest year)Rs 2 Cr
Net profit (latest quarter)Rs 0 Cr
Depreciation (TTM)Rs 2 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 2 Cr
Total expenditure (latest year)Rs 3 Cr
Total income (latest year)Rs 7 Cr
Share capitalRs 7 Cr
ReservesRs -15 Cr
Shareholders' fundsRs -8 Cr
Total assetsRs 12 Cr
Net blockRs 0 Cr
ReceivablesRs 2 Cr
InventoryRs 7 Cr
Other liabilitiesRs 18 Cr
Shares outstanding (crore)0.72
Ownership
Promoter holding60.50% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 9.7 is at the 54th percentile of its own 2.9-year range (median 8.3, low 1.9, high 20.1).
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.
Period531436Nifty 50Difference
1 week-9.0%-2.8% -6.2 pts
1 month-11.6%-6.8% -4.8 pts
3 months-20.7%-7.6% -13.1 pts
3 years+486.8%+14.2% +472.6 pts
5 years+578.0%+27.9% +550.1 pts

Red flags

F-score 6 of 8
seriousNegative equity Shareholders' equity is negative
explainReceivables outrunning sales Receivables grew 1833% vs sales +9% in 2026
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 2026
Sales ₹1 Cr -65.8% vs Jun 2025. Net profit ₹0 Cr +233.3%.

Activity

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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 Saffron Industries Ltd?

Saffron Industries Ltd (531436) has a market capitalisation of Rs 16.5 Cr. at the 2026-10-01 close.

What is the P/E ratio of Saffron Industries Ltd?

Saffron Industries Ltd trades at a P/E of 9.68 on trailing twelve-month profit, at the 2026-10-01 close.

What were Saffron Industries Ltd's latest quarterly results?

In the Jun 2026 quarter, Saffron Industries Ltd sales was Rs 1 Cr (-65.8% vs Jun 2025) and net profit was Rs 0 Cr.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03