MarketFriction

Shree Ajit Pulp and Paper Ltd

NSE SAPPL · BSE 538795 · Paper & Paper Products
₹308.50 +2.80%
NSE close2026-10-01
52 week range252.00 - 334.30
Market cap₹263 Cr.
P/E6.32
Price band 20% Delivery 89.6%

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

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales6843107118111121155177172177175201
Expenses6338102107101108137154152154148165
Operating Profit555111013182321232636
OPM %7%12%5%9%9%10%11%13%12%13%15%18%
Other Income006000200021
Interest1155568877128
Depreciation224444555555
Profit before tax2233237109111224
Tax %53%29%3%26%26%26%33%31%32%32%21%24%
Net Profit12321257681019
EPS in Rs1.281.793.202.461.562.105.107.956.578.4710.8020.84
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales237209249270240267418372295506701725
Expenses209190226225206222376343274454607619
Operating Profit2819244434454329215194106
OPM %12%9%10%16%14%17%10%8%7%10%13%15%
Other Income00-01111107234
Interest546544567233434
Depreciation556788779162020
Profit before tax18911332334322511144256
Tax %34%29%32%28%15%30%32%18%27%33%29%
Net Profit12682420242221893042
EPS in Rs13.247.248.6226.9122.3926.9724.2923.269.2710.5933.7846.68
Dividend Payout %3%6%5%2%2%2%2%3%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth11%21%24%28%
Compounded Profit Growth10%5%13%180%
Stock Price CAGR10%5%15%24%
Return on Equity10%8%6%11%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital555555555899
Reserves70818895118138161182203220239269
Borrowings4133445136302446169226285256
Other Liabilities333836364037544851636782
Total Liabilities149157173187199210245282429516600616
Fixed Assets919189111127134129128140294408389
CWIP316233131394401
Investments0055887413003
Other Assets546573696265108147136179192223
Total Assets149157173187199210245282429516600616
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity16171418453225-72119863
Cash from Investing Activity-9-4-27-18-24-140-15-146-87-46-8
Cash from Financing Activity-8-13131-21-10-10161106648-63
Net Cash Flow-1-0000815-7-15-210-9
Free Cash Flow713-12-0231825-24-125-76-3958
CFO/OP94%72%91%82%120%107%77%7%89%110%19%75%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days466155604351584941665752
Inventory Days5642575056537873841188060
Days Payable364045354042573233763830
Cash Conversion Cycle6663677558627990911089882
Working Capital Days93220232939454150302258
ROCE %13%19%10%12%25%17%21%17%10%3%7%14%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters56.84%56.84%59.34%59.39%59.39%59.39%59.39%59.39%59.39%59.60%59.60%59.60%
Public43.17%43.17%40.66%40.61%40.61%40.61%40.62%40.63%40.61%40.39%40.40%40.38%
No. of Shareholders1,8991,8952,5922,3982,4822,5252,4022,3492,2762,1302,1462,143

Fundamentals

Market Cap₹ 263 Cr.
Current Price₹ 294
Stock P/E6.32
Book Value₹ 313
ROCE14.3 %
ROE11.4 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)28%
Compounded Profit Growth (TTM)180%
Consolidated figures.
Valuation
Market capRs 274 Cr
Enterprise valueRs 527 Cr
P/E (TTM)6.61x
Price to book0.99x
Price to sales0.38x
EV / EBITDA4.79x
EV / EBIT5.84x
EV / sales0.73x
Price to cash flow4.37x
Earnings yield15.13%
P/E, 3-year average15.44x
P/B, 3-year average0.76x
P/E, 5-year average11.30x
P/B, 5-year average0.68x
Profitability
Operating margin (excl. other income)13.34%
Operating margin (incl. other income)13.73%
EBITDA margin15.17%
Pre-tax margin7.75%
Net profit margin5.73%
Net margin, latest quarter9.22%
ROE11.42%
ROCE14.31%
ROA4.94%
ROE, 3-year average6.39%
ROCE, 3-year average8.75%
ROA, 3-year average2.79%
ROE, 5-year average8.37%
ROCE, 5-year average10.74%
ROA, 5-year average4.48%
ROIC (approx.)12.10%
Tax rate28.81%
Other income / net worth0.99%
Growth
Sales growth (latest year)38.66%
Profit growth (latest year)219.00%
Sales CAGR, 3 years23.53%
Sales CAGR, 5 years21.33%
Profit CAGR, 3 years13.23%
Profit CAGR, 5 years4.60%
Sales growth QoQ15.26%
Profit growth QoQ92.92%
Sales growth YoY (latest quarter)13.60%
Profit growth YoY (latest quarter)162.23%
Per share
EPS (TTM)Rs 46.68
EPS (latest year)Rs 33.78
EPS (latest quarter)Rs 20.84
EPS, 3-year averageRs 17.86
EPS, 5-year averageRs 26.52
Book value per shareRs 312.60
Sales per shareRs 815.07
Cash flow per shareRs 70.52
Free cash flow per shareRs 65.20
Dividend per share, 5-year averageRs 1.01
Dividends
Dividend payout, 5-year average2.55%
Efficiency
Asset turnover1.14x
Fixed asset turnover1.80x
Inventory turnover7.65x
Inventory days48 days
Debtor days52 days
Debtors turnover7.04x
Creditor days30 days
Cash conversion cycle82 days
Working capital days58 days
Leverage
Total debtRs 256 Cr
Cash and bankRs 4 Cr
Net debtRs 252 Cr
Debt to equity0.92x
Net debt / EBITDA2.29x
Interest coverage2.66x
Owners' fund to total sources45.11%
Debt to assets41.59%
Cash flow
Cash from Operating Activity (latest year)Rs 63 Cr
Cash from Investing Activity (latest year)Rs -8 Cr
Cash from Financing Activity (latest year)Rs -63 Cr
Net Cash Flow (latest year)Rs -9 Cr
Free cash flow (latest year)Rs 58 Cr
FCFE (approx.: FCF + change in debt)Rs 29 Cr
Cash from ops / profit, 5 years1.16x
Sales to cash flow11.17x
Statement figures
Net sales (TTM)Rs 725 Cr
Net sales (latest year)Rs 701 Cr
Sales (latest quarter)Rs 201 Cr
Operating profit excl. other income (latest year)Rs 94 Cr
Operating profit (latest quarter)Rs 36 Cr
Other income (TTM)Rs 4 Cr
EBITDA (TTM)Rs 110 Cr
PBDT (TTM)Rs 76 Cr
Profit before tax (TTM)Rs 56 Cr
Tax (latest year)Rs 12 Cr
Net profit (TTM)Rs 42 Cr
Net profit (latest year)Rs 30 Cr
Net profit (latest quarter)Rs 19 Cr
Depreciation (TTM)Rs 20 Cr
Depreciation (latest quarter)Rs 5 Cr
Interest (TTM)Rs 34 Cr
Cost of goods sold (latest year)Rs 541 Cr
Total expenditure (latest year)Rs 607 Cr
Total income (latest year)Rs 704 Cr
Share capitalRs 9 Cr
ReservesRs 269 Cr
Shareholders' fundsRs 278 Cr
Total assetsRs 616 Cr
Net blockRs 389 Cr
Capital work in progressRs 1 Cr
InvestmentsRs 3 Cr
ReceivablesRs 100 Cr
InventoryRs 71 Cr
Other liabilitiesRs 82 Cr
Shares outstanding (crore)0.89
Ownership
Promoter holding59.60% (+0.21 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 6.6 is at the 19th percentile of its own 9.4-year range (median 8.5, low 3.6, high 24.8).
P/B 0.99 is at the 60th percentile (median 0.91).
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.
PeriodSAPPLNifty 50Difference
1 week+10.9%-2.8% +13.7 pts
1 month+6.7%-6.8% +13.5 pts
3 months+10.7%-7.6% +18.3 pts
3 years+61.3%+14.2% +47.1 pts
5 years+38.8%+27.9% +10.9 pts

Red flags

F-score 8 of 8
No 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 2026
Sales ₹201 Cr +13.6% vs Jun 2025. Net profit ₹19 Cr +171.4%.
Against our estimate for Jun 2026: sales -12.4%, profit +95.5% big beat. Our estimate for Sep 2026: sales Rs 195 Cr, profit Rs 10 Cr (how).

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.
Less than 100 unique PAN traded in previous 30 days

Quick answers

What is the market cap of Shree Ajit Pulp and Paper Ltd?

Shree Ajit Pulp and Paper Ltd (SAPPL) has a market capitalisation of Rs 263 Cr. at the 2026-10-01 close.

What is the P/E ratio of Shree Ajit Pulp and Paper Ltd?

Shree Ajit Pulp and Paper Ltd trades at a P/E of 6.32 on trailing twelve-month profit, at the 2026-10-01 close.

What were Shree Ajit Pulp and Paper Ltd's latest quarterly results?

In the Jun 2026 quarter, Shree Ajit Pulp and Paper Ltd sales was Rs 201 Cr (+13.6% vs Jun 2025) and net profit was Rs 19 Cr.

What is the 52-week high and low of Shree Ajit Pulp and Paper Ltd?

The 52-week high is Rs 334.30 and the 52-week low is Rs 252.00.

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