Price
Financials
Consolidated, Rs crore| Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|
| Sales | 134.65 | 147.36 | 153.45 | 145.56 | 141.12 | 171.41 |
| Expenses | 121.28 | 134.84 | 142.05 | 137.16 | 132.40 | 158.52 |
| Operating Profit | 13.37 | 12.52 | 11.40 | 8.40 | 8.72 | 12.89 |
| OPM % | 9.93% | 8.50% | 7.43% | 5.77% | 6.18% | 7.52% |
| Other Income | 2.83 | 0.61 | 1.87 | 0.59 | -1.39 | 0.64 |
| Interest | 5.58 | 4.32 | 5.25 | 4.54 | 3.87 | 4.17 |
| Depreciation | 4.29 | 4.48 | 4.04 | 4.29 | 6.67 | 6.53 |
| Profit before tax | 6.33 | 4.33 | 3.98 | 0.16 | -3.21 | 2.83 |
| Tax % | 24.33% | 11.78% | -38.94% | 381.25% | 2.49% | 136.04% |
| Net Profit | 4.61 | 4.11 | 5.78 | -0.51 | -2.46 | -0.52 |
| EPS in Rs | 1.98 | 1.99 | 2.55 | 0.06 | -0.88 | -0.13 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Sales | 243 | 268 | 329 | 508 | 494 | 539 | 584 | 612 |
| Expenses | 213 | 220 | 290 | 480 | 424 | 473 | 539 | 570 |
| Operating Profit | 31 | 48 | 39 | 28 | 70 | 66 | 45 | 41 |
| OPM % | 13% | 18% | 12% | 6% | 14% | 12% | 8% | 7% |
| Other Income | 8 | -8 | 5 | 6 | 6 | 7 | 1 | 2 |
| Interest | 0 | 2 | 3 | 15 | 18 | 20 | 17 | 18 |
| Depreciation | 8 | 8 | 7 | 16 | 13 | 16 | 19 | 22 |
| Profit before tax | 30 | 29 | 34 | 4 | 45 | 37 | 10 | 4 |
| Tax % | 28% | 25% | 27% | 119% | 27% | 27% | 19% | |
| Net Profit | 23 | 23 | 26 | -0 | 33 | 27 | 9 | 2 |
| EPS in Rs | 142.10 | 138.78 | 159.73 | -1.66 | 205.32 | 11.49 | 3.92 | 1.60 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 17% | 5% | 8% | ||
| Compounded Profit Growth | % | -19% | 187% | -60% | ||
| Stock Price CAGR | % | % | % | 64% | ||
| Return on Equity | % | 9% | 9% | 3% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 2 | 2 | 23 | 27 |
| Reserves | 116 | 138 | 164 | 164 | 197 | 297 | 371 |
| Borrowings | 25 | 12 | 156 | 163 | 183 | 164 | 169 |
| Other Liabilities | 37 | 43 | 73 | 86 | 78 | 94 | 144 |
| Total Liabilities | 180 | 194 | 394 | 414 | 460 | 578 | 711 |
| Fixed Assets | 38 | 31 | 128 | 220 | 228 | 244 | 361 |
| CWIP | 0 | 8 | 42 | 0 | 22 | 41 | 34 |
| Investments | 8 | 9 | 9 | 10 | 10 | 14 | 11 |
| Other Assets | 133 | 146 | 215 | 185 | 200 | 279 | 305 |
| Total Assets | 180 | 194 | 394 | 414 | 460 | 578 | 711 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 20 | 32 | -3 | 69 | 42 | 32 | 35 |
| Cash from Investing Activity | -7 | -28 | -134 | -60 | -40 | -61 | -88 |
| Cash from Financing Activity | -9 | -7 | 140 | -9 | 1 | 55 | 51 |
| Net Cash Flow | 5 | -3 | 2 | -0 | 3 | 26 | -1 |
| Free Cash Flow | 17 | 23 | -137 | 3 | -1 | -18 | -81 |
| CFO/OP | 97% | 84% | 10% | 243% | 71% | 57% | 75% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 94 | 84 | 98 | 68 | 82 | 93 | 85 |
| Inventory Days | 31 | 60 | 98 | 44 | 87 | 67 | 76 |
| Days Payable | 59 | 64 | 94 | 71 | 77 | 67 | 64 |
| Cash Conversion Cycle | 66 | 81 | 103 | 41 | 92 | 94 | 98 |
| Working Capital Days | 104 | 92 | 62 | 18 | 17 | 49 | 40 |
| ROCE % | 29% | 16% | 6% | 18% | 13% | 5% |
| Oct 2024 | Mar 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|
| Promoters | 69.67% | 69.67% | 69.72% | 69.92% | 59.11% | 58.93% |
| FIIs | 6.13% | 2.31% | 1.32% | 0.31% | 0.19% | 0.19% |
| DIIs | 5.06% | 3.66% | 3.05% | 3.44% | 4.58% | 4.96% |
| Public | 19.14% | 24.37% | 25.90% | 26.33% | 36.14% | 35.92% |
| No. of Shareholders | 3,427 | 1,919 | 1,682 | 1,483 | 1,504 | 1,446 |
Fundamentals
Market Cap₹ 629 Cr.
Current Price₹ 229
Stock P/E192
Book Value₹ 145
ROCE5.02 %
ROE3.00 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)8%
Compounded Profit Growth (TTM)-60%
Consolidated figures.
Valuation
Market capRs 604 Cr
Enterprise valueRs 759 Cr
Price to book3.65x
Price to sales1.19x
EV / EBITDA22.11x
EV / EBIT41.34x
EV / sales1.49x
Price to cash flow8.72x
Earnings yield-0.04%
Profitability
Operating margin (excl. other income)5.60%
Operating margin (incl. other income)6.75%
EBITDA margin6.75%
Pre-tax margin0.73%
Net profit margin-0.05%
Net margin, latest quarter3.14%
ROE-0.16%
ROCE5.65%
ROA-0.07%
ROE, 3-year average11.47%
ROCE, 3-year average14.15%
ROA, 3-year average6.95%
ROIC (approx.)-1.07%
Tax rate118.65%
Other income / net worth3.53%
Growth
Sales growth (latest year)54.38%
Profit growth (latest year)-101.04%
Sales CAGR, 3 years27.84%
Sales growth QoQ9.44%
Profit growth QoQ0.43%
Per share
EPS (TTM)Rs -0.10
EPS (latest year)Rs -1.66
EPS (latest quarter)Rs 1.68
EPS, 3-year averageRs 98.96
Book value per shareRs 60.27
Sales per shareRs 184.98
Cash flow per shareRs 25.20
Free cash flow per shareRs -29.48
Efficiency
Asset turnover1.23x
Fixed asset turnover2.31x
Inventory turnover10.43x
Inventory days35 days
Debtor days68 days
Debtors turnover5.36x
Creditor days64 days
Cash conversion cycle98 days
Working capital days40 days
Leverage
Total debtRs 163 Cr
Cash and bankRs 8 Cr
Net debtRs 155 Cr
Debt to equity0.98x
Net debt / EBITDA4.52x
Interest coverage1.25x
Owners' fund to total sources39.97%
Debt to assets39.30%
Cash flow
Cash from Operating Activity (latest year)Rs 69 Cr
Cash from Investing Activity (latest year)Rs -60 Cr
Cash from Financing Activity (latest year)Rs -9 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs -81 Cr
FCFE (approx.: FCF + change in debt)Rs -74 Cr
Cash from ops / profit, 5 years1.84x
Sales to cash flow7.34x
Statement figures
Net sales (TTM)Rs 508 Cr
Net sales (latest year)Rs 508 Cr
Sales (latest quarter)Rs 147 Cr
Operating profit excl. other income (latest year)Rs 28 Cr
Operating profit (latest quarter)Rs 13 Cr
Other income (TTM)Rs 6 Cr
EBITDA (TTM)Rs 34 Cr
PBDT (TTM)Rs 20 Cr
Profit before tax (TTM)Rs 4 Cr
Tax (latest year)Rs 4 Cr
Net profit (TTM)Rs -0 Cr
Net profit (latest year)Rs -0 Cr
Net profit (latest quarter)Rs 5 Cr
Depreciation (TTM)Rs 16 Cr
Depreciation (latest quarter)Rs 4 Cr
Interest (TTM)Rs 15 Cr
Cost of goods sold (latest year)Rs 440 Cr
Total expenditure (latest year)Rs 480 Cr
Total income (latest year)Rs 514 Cr
Share capitalRs 2 Cr
ReservesRs 164 Cr
Shareholders' fundsRs 166 Cr
Total assetsRs 414 Cr
Net blockRs 220 Cr
Capital work in progressRs 0 Cr
InvestmentsRs 10 Cr
ReceivablesRs 95 Cr
InventoryRs 42 Cr
Other liabilitiesRs 86 Cr
Shares outstanding (crore)2.75
Ownership
Promoter holding58.93% (-10.74 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/B 3.65 is at the 84th percentile (median 2.59).
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 | 544267 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -3.9% | -2.8% | -1.1 pts |
| 1 month | +4.9% | -6.8% | +11.7 pts |
| 3 months | -1.6% | -7.6% | +6.1 pts |
Red flags
F-score 5 of 8| look | Profit leans on other income Other income was 158% of pre-tax profit 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 2026Sales ₹171 Cr +16.3% vs Jun 2025.
Net loss ₹1 Cr.
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 Subam Papers Ltd?
Subam Papers Ltd (544267) has a market capitalisation of Rs 629 Cr. at the 2026-10-01 close.
What is the P/E ratio of Subam Papers Ltd?
Subam Papers Ltd trades at a P/E of 192 on trailing twelve-month profit, at the 2026-10-01 close.
What were Subam Papers Ltd's latest quarterly results?
In the Jun 2026 quarter, Subam Papers Ltd sales was Rs 171 Cr (+16.3% vs Jun 2025) with a net loss of Rs 1 Cr.