Manufactures paper at a single facility in Village Bhainsa, Mawana, Uttar Pradesh, with installed capacity of 66,000 tonnes per annum after replacing an older 3 MW turbine with a new 4.5 MW unit. FY26 revenue stood at ₹179.34 crore, essentially flat year-on-year, with net profit of ₹2.37 crore. Raw materials are by far the largest cost, at 86.8% of revenue (₹155.62 crore), followed by employee costs at 4.6% and other operating expenses at 4.5%. The company spent ₹12.16 crore on capex in FY26 (6.8% of revenue), largely to fund the turbine upgrade and other capacity work. Production at the Mawana factory was temporarily halted in late January 2026 and resumed on 4 March 2026. Paid-up equity capital is ₹130.73 lakhs at face value of ₹10 per share, with basic EPS of ₹21.62 reported for FY26. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Paper manufacturing. Single-plant, asset-heavy paper manufacturer with high raw material intensity and thin margins
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 155 | 226 | 190 | 180 | 179 |
| EBITDA (ex other income) | 4 | 6 | 7 | 8 | 7 |
| margin % | 2.9 | 2.8 | 3.5 | 4.3 | 3.7 |
| Owners' profit | 2 | 3 | 2 | 3 | 2 |
| EPS, as reported (₹) | 12.55 | 25.91 | 18.90 | 21.62 | 18.11 |
| ROE % · ROCE % | 4.6 · 7.6 | 8.7 · 12.6 | 5.9 · 10.5 | 6.4 · 11.0 | 5.1 · 8.4 |
| Debt / equity (x) | 0.51 | 0.64 | 0.64 | 0.61 | 0.67 |
| Cash from operations | 1 | 4 | 4 | 6 | 11 |
| Capex | (1) | (8) | (3) | (4) | (12) |
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 43 | 51 | 40 | 47 | 48 | 48 | 47 | 37 |
| Profit before tax | 1 | 2 | 0 | 1 | 1 | 0 | 0 | 1 |
| Net profit | 1 | 2 | 0 | 0 | 1 | 0 | 0 | 1 |
| EPS (₹) | 5.10 | 11.94 | 1.30 | 3.28 | 6.15 | 2.31 | 2.65 | 7.01 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| JK PAPER LIMITED | 7,513 | 22.7 | 1.30 | 10.1 | 4.7 | 4.4 | 20.8 | 17.0 |
| WEST COAST PAPER MILLS LT | 4,722 | 20.6 | 1.13 | 9.5 | 3.7 | 5.0 | 13.8 | 23.6 |
| SESHASAYEE PAPER & BOARDS | 1,517 | 15.3 | 0.74 | 10.4 | 4.0 | 4.1 | 16.9 | 11.3 |
| ANDHRA PAPER LIMITED | 1,464 | 53.0 | 0.75 | — | 1.0 | 1.2 | — | 17.9 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 2 Sept 2026 · Newspaper publication of 46th AGM notice filed with BSE | compliance | minimal | — | — |
| 1 Sept 2026 · Sangal Papers 46th Annual Report FY26: capacity doubled to 66,000 TPA | compliance | medium | — | — |
| 1 Sept 2026 · Sangal Papers 46th AGM on Sep 23, 2026 via video conferencing | board shareholder meetings | low | — | — |
| 14 Aug 2026 · Sangal Papers sets September 23, 2026 AGM through video conferencing | compliance | minimal | — | — |
| 14 Aug 2026 · Newspaper publication of Q1 FY27 financial results | compliance | minimal | — | — |
| 13 Aug 2026 · Strong Q1 results, promoter-family directors re-appointed, MD/WTD salary hike | management changes | medium | — | — |
| 13 Aug 2026 · Q1 FY27 results: PAT up over 3x, revenue rises 18% | results | high | — | — |
| 13 Aug 2026 · Sangal Papers Q1 FY27 profit triples, revenue up 17.5%, MD salary raised | results | high | — | — |
| 31 Jul 2026 · Board meeting on 13 Aug 2026 to consider Q1 FY2026-27 results | results | low | — | — |
| 4 Jul 2026 · RTA compliance certificate for share dematerialization filed | compliance | minimal | — | — |
| 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 |
| N R AGARWAL INDS LTD |
| 1,078 |
| 17.4 |
| 1.32 |
| — |
| 5.4 |
| 3.9 |
| — |
| 12.4 |
| TAMILNADU NEWSPRT & PAPER | 1,066 | 4.1 | 0.46 | — | 10.7 | 1.4 | — | 11.2 |
| PUDUMJEE PAPER PRO. LTD | 929 | 10.2 | 1.39 | — | 14.0 | 16.2 | — | 25.2 |
| EMAMI PAPER MILLS LIMITED | 712 | 7.6 | 1.24 | — | 10.7 | 8.1 | — | 14.8 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 10.5 | 15.3 | 18 of 39 | 55% |
| P/B | 0.5 | 0.8 | 10 of 34 | 73% |
| ROCE | 5.0 | 4.4 | 20 of 49 | 60% |
| ROE | 5.1 | 4.0 | 17 of 45 | 64% |
| Debt / Equity | 0.7 | 0.2 | 32 of 45 | 30% |
| EBITDA margin | 6.6 | 10.4 | 26 of 38 | 32% |
| Revenue growth | (21.6) | 11.5 | 34 of 39 | 13% |
| Profit growth | 113.5 | 60.9 | 12 of 42 | 73% |
| Market cap | 25 | 88 | 33 of 46 | 29% |
| 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 |
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.
