BSE: 544500
ABRIL PAPER TECH LIMITED
Manufactures and trades paper products from Gujarat, operating as a single business segment. Abril Paper Tech Limited reported FY26 revenue of Rs 65.08 crore and net profit of Rs 1.50 crore. Costs are dominated by materials at 92% of revenue (Rs 59.89 crore), while employee costs run at just 1.1% (Rs 0.72 crore) and other operating expenses at 3%. The company completed an IPO in September 2025, raising Rs 1,342 lakh from 22 lakh equity shares. Operating cash flow was a Rs 759.50 lakh outflow in FY26 against Rs 1.50 crore of net profit, and total assets stood at Rs 25.52 crore. The firm trades on the BSE SME platform under scrip code 544500, with its registered office in Jolva, Surat. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Manufacturing and trading of paper products. Materials-heavy paper trading and manufacturing with a thin employee base
Exhibit 1: Financial summary, FY26–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY26 |
|---|---|
| Revenue | 65 |
| EBITDA (ex other income) | — |
| margin % | — |
| Owners' profit | — |
| EPS, as reported (₹) | 2.14 |
| ROE % · ROCE % | — · 9.3 |
| Debt / equity (x) | — |
| Cash from operations | (8) |
| Capex | (0) |
Exhibit 2: Quarterly performance, last 2 quarters
| ₹ crore | Q2 FY26 | Q4 FY26 |
|---|---|---|
| Revenue | 38 | 27 |
| Profit before tax | 1 | 1 |
| Net profit | — | — |
| EPS (₹) | 2.27 | 1.22 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| HBL ENGINEERING LTD | 21,784 | 23.6 | 9.84 | 18.7 | 36.8 | 45.3 | 29.4 | 26.2 |
| INOX INDIA LIMITED | 17,363 | 68.1 | 15.54 | 45.3 | 23.1 | 30.0 | — | 23.4 |
| ESAB INDIA LTD | 8,087 | 36.5 | 18.83 | — | 48.1 | 60.4 | — | 19.2 |
| SUBROS LIMITED | 4,039 | 24.3 | 3.25 | 11.4 | 13.3 | 16.0 | 15.9 | 8.4 |
| W P I L LTD. | 3,819 | 24.1 | 1.94 | 10.9 | 10.2 | 13.1 | 13.3 | 17.7 |
| HARSHA ENGINEERS INT LTD | 3,780 | 24.4 | 2.70 | 14.8 | 11.1 | 13.2 | — | 15.9 |
| ADOR WELDING LTD | 2,389 | 21.1 | 4.31 | 17.2 | 14.8 | 19.9 | 20.6 | 13.8 |
| DIFFUSION ENGINEERS LTD | 1,512 | 27.5 | 3.73 | 20.2 | 12.4 | 15.2 | — | 16.6 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 8.6 | 18.4 | 8 of 27 | 73% |
| ROCE | 8.6 | 12.3 | 18 of 31 | 43% |
| Market cap | 24 | 102 | 28 of 31 | 10% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 16 Oct 2026 · Personal hearing set in GST show cause notice matter | regulatory legal | high | — | — |
| 15 Oct 2026 · Routine RTA compliance certificate filed for Q2 FY26 | compliance | minimal | — | — |
| 17 Aug 2026 · Board approves Rs 8 Cr working capital facility from ICICI Bank | results | high | — | — |
| 11 Aug 2026 · Outcome of 3rd Annual General Meeting held via video conferencing | board shareholder meetings | low | — | — |
| 11 Aug 2026 · Abril Paper Tech 3rd AGM held via video conferencing; voting results awaited | board shareholder meetings | low | — | — |
| 5 Aug 2026 · Hearing notice for appeal in GST demand order worth about Rs 9.86 lakh | regulatory legal | high | — | — |
| 17 Jul 2026 · Newspaper notice published for 3rd AGM, e-voting and cut-off date | compliance | minimal | — | — |
| 16 Jul 2026 · Abril Paper Tech 3rd AGM notice on August 11, 2026 | board shareholder meetings | low | — | — |
| 15 Jul 2026 · 3rd AGM scheduled for 11 August 2026 via video conferencing | compliance | minimal | — | — |
| 15 Jul 2026 · ABRIL PAPER TECH - 3rd AGM notice published in newspapers | compliance | minimal | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.