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NSE:SAPPL

SHREE AJIT PULP & PAPER L

Forest Materials › Paper Forest & Jute Products
₹320.05
at close · 28 Oct 2026
▼ 5.90 (-1.81%)

Latest filings

  1. Compliance certificate under SEBI Reg 74(5) for Q2 FY26 · Compliance
  2. Unit 1 restarts after flood disruption · Capex & Operations
  3. Voting results of 31st AGM - all 3 resolutions passed · Board & Shareholder Meetings
All filings ↓
Ask Nexa about SHREE AJIT PULP & PAPER L

Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Manufactures kraft paper — Testliner and Multilayer Testliner — at a single facility in Vapi, Gujarat, operating as a single-segment business. FY26 revenue was ₹700.9379 crore, up 38.6598% year-on-year, with net profit of ₹30.0495 crore and EBITDA margin of 13.7326%. Materials are the dominant cost at ₹428.6986 crore (61.2% of revenue), followed by other operating expenses at 21.1% and employee costs at 4.2%. The balance sheet carried total assets of ₹616.4189 crore with a debt-to-equity ratio of 0.92, and the board approved new borrowing facilities of up to ₹390 crore in December 2025. Operations at the Vapi plant were temporarily suspended from 23 July 2026 after unprecedented flooding; the company states its insurance covers the affected assets and damage assessment is underway.

Operating scale
Manufacturing facility
Single plant in Vapi, GujaratFY26
Products
Testliner and Multilayer Testliner kraft paperFY26
New borrowing facilities approved
Up to ₹390 crore (term loan up to ₹235 crore + working capital up to ₹155 crore)Dec 2025
Operating status
Temporarily suspended from 23 July 2026 due to flooding; insurance covers assets2026
Who pays it
Buyers of Testliner and Multilayer Testliner kraft paper
Biggest cost
Materials at 61.2% of revenue
Kind of business
Single-segment kraft paper manufacturer, asset-heavy, single-plant
Where it sits
NSE and BSE-listed maker of Testliner and Multilayer Testliner kraft paper with a single Vapi plant
Market Cap
₹285 Cr
P / E (TTM)
9.5×
EV / EBITDA
5.6×
Div Yield
—
Growth
21.3%▲
Revenue 5y CAGR
PAT +4.6% · EBITDA +16.0%
Quality
8.0%·
ROCE (5y median)
ROE 10.0% (5y median) · margin 13.7%
Leverage
0.92·
Debt / Equity · moderate
Net debt ₹255 Cr
Revenue FY21→FY26
2.6×▲
Margin −4.7 pts
₹267 Cr → ₹701 Cr
Cash conversion
1.15×▲
Operating cash ÷ profit · 5 yrs
₹104 Cr on ₹91 Cr
Moves on a normal day
2.08%·
Median daily move
Last 129 sessions · the yardstick for filing-day moves
Where it sits among 48 Paper & Paper Products peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#15/36
P/B#22/36
ROCE#12/45
ROE#6/37
Debt / Equity#31/37
EBITDA margin#9/38
Revenue growth#19/39
Profit growth#13/42

Scorecard

Measured from the filed financials, judged against its Paper & Paper Products peers · as of FY26 — not investment advice

Strengths
Revenue compounding 21% a year over 5 years
Over 5 years it reported ₹91 Cr of profit and ₹104 Cr of operating cash — 1.15×
Profit is converting into cash
Concerns
Erratic profits — up in only 2 of the last 5 years
Carries more debt than its peers — 0.92× equity
higher than 83% of its 37 Paper & Paper Products peers
EPS grew slower than profit — the share count rose (bonus or dilution)

Charts

How has the market priced it — with filings on the timeline?

SAPPL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from SHREE AJIT PULP & PAPER L's filed financials and exchange disclosures

What does SHREE AJIT PULP & PAPER L do?

SHREE AJIT PULP & PAPER L is a Paper Forest & Jute Products company listed on NSE and BSE, trading under the symbol SAPPL.

Is SHREE AJIT PULP & PAPER L profitable?

Yes. Over the trailing twelve months SHREE AJIT PULP & PAPER L reported a net profit of ₹30 Cr on revenue of ₹701 Cr.

Does SHREE AJIT PULP & PAPER L pay a dividend?

Not in the latest reported year — SHREE AJIT PULP & PAPER L's dividend payout for FY26 was nil.

Is SHREE AJIT PULP & PAPER L debt-free?

No. It reported borrowings of ₹256 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹255 Cr after cash. Debt stands at 0.92× equity. That is higher than 83% of its 37 Paper & Paper Products peers.

Is SHREE AJIT PULP & PAPER L expensive compared with its peers?

On trailing P/E, SHREE AJIT PULP & PAPER L ranks 15 of 36 in Paper & Paper Products — cheaper than 60% of them, against an industry median of 13.8×. This is a position, not a valuation judgement.

How much does the SHREE AJIT PULP & PAPER L share price move in a day?

On a typical session SHREE AJIT PULP & PAPER L moves 2.08% — that is the median absolute close-to-close move across its last 129 trading days. MarketPing measures each filing's price reaction against it.

Where can I track SHREE AJIT PULP & PAPER L's announcements?

Every NSE and BSE filing by SHREE AJIT PULP & PAPER L appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.