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Awaiting price reaction for this filing.
Banganga Paper Industries Limited submitted its audited Q4 and FY25 results along with a clean (unmodified) auditor's report from M/s Jain Chhajed & Associates. On a standalone basis, the company remained a loss-making shell with revenue of just Rs. 10.73 lakh and a net loss of Rs. 15.58 lakh for FY25, though it raised equity of about Rs. 11.73 crore during the year. The real story is on a consolidated basis after acquiring its wholly owned subsidiary Banganga Paper Mills Limited in July 2024 — consolidated revenue jumped to Rs. 58.10 crore versus Rs. 0.39 crore last year, and the company swung to a net profit of Rs. 1.88 crore (FY24: loss of Rs. 0.22 crore). Total consolidated assets expanded sharply to Rs. 39.01 crore from Rs. 0.52 crore, with capex of around Rs. 18.46 crore into plant and equipment funded by fresh equity (Rs. 11.73 crore) and borrowings of Rs. 10 crore.
This is effectively a transformed company post the paper-mills acquisition — consolidated profitability has emerged with EPS of Rs. 1.57 versus negative Rs. 0.88 earlier. Shareholders should note the standalone entity is still loss-making and cash flow from operations is negative (Rs. 2.36 crore) due to heavy working-capital build-up, so the near-term stock action will hinge on whether the subsidiary's ramp-up delivers sustained profits.