Operates as a paper manufacturer that has shut its manufacturing plant at Gondia, Maharashtra. Filings show no revenue from operations in FY26, with only Rs 1.31 lakh of other income recorded against a net loss of Rs 11.38 lakhs. The board has approved selling about 0.61 hectare of vacant land at the closed Gondia plant to unlock idle capital, though no buyer or consideration has been finalised. The balance sheet is critically weak: total assets of Rs 147.80 lakhs are far exceeded by current liabilities of Rs 1,364.65 lakhs, of which borrowings are Rs 1,248.26 lakhs, and accumulated losses of Rs 1,517.29 lakhs have fully eroded net worth to negative Rs 1,216.85 lakhs. Statutory auditors Khandelwal & Mehta LLP issued an unmodified opinion but included an Emphasis of Matter flagging a material going concern uncertainty. The company is classified under Paper & Paper Products and is listed on BSE. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Paper manufacturing, Other income. Dormant paper manufacturer with closed plant and fully eroded net worth
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 |
| EBITDA (ex other income) | (0) | (0) | 0 | (0) | (0) |
| margin % | — | — | — | — | — |
| Owners' profit | (0) | (0) | 0 | (0) | (0) |
| EPS, as reported (₹) | (0.55) | (0.74) | 38.11 | 53.23 | 37.92 |
| ROE % · ROCE % | 1.4 · 1.4 | 1.8 · 1.8 | (1.0) · (1.0) | 1.3 · 1.3 | 0.9 · 0.9 |
| Debt / equity (x) | (1.03) | (1.03) | (1.05) | (1.03) | (1.03) |
| Cash from operations | (0) | (0) | (0) | (0) | (0) |
| Capex | 0 | 0 | 0 | 0 | 0 |
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | (0) | (0) | (0) | (0) | (0) | (0) | (0) | (0) |
| Net profit | (0) | (0) | (0) | (0) | (0) | (0) | (0) | (0) |
| EPS (₹) | (12.43) | (15.27) | (11.40) | 14.17 | 9.86 | 10.26 | 9.63 | 8.18 |
| 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 · Simplex Papers sells land of closed Gondia Paper Plant for Rs 25 lakh | strategic transactions | medium | — | — |
| 7 Aug 2026 · Corrigendum to newspaper publication - date corrections | compliance | minimal | — | — |
| 5 Aug 2026 · AGM 2026: All 4 resolutions passed unanimously, including land sale approval | board shareholder meetings | low | — | — |
| 4 Aug 2026 · Simplex Papers publishes Q1 FY27 unaudited results in newspapers | compliance | minimal | — | — |
| 4 Aug 2026 · 32nd AGM held; 4 resolutions passed including land disposal approval | board shareholder meetings | low | — | — |
| 4 Aug 2026 · Simplex Papers 32nd AGM: 4 resolutions passed including land sale approval | board shareholder meetings | medium | — | — |
| 3 Aug 2026 · Simplex Papers Q1 FY27 results: loss of Rs 2.95 lakh, going concern flag | results | high | — | — |
| 3 Aug 2026 · Simplex Papers Q1 FY27 — net loss, net worth fully eroded | results | high | — | — |
| 29 Jul 2026 · Board meeting on 3 Aug 2026 to approve Q1 FY27 results | results | low | — | — |
| 10 Jul 2026 · Physical letters sent to shareholders for FY26 annual report access | 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 |
| 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) | 35.1 | 15.3 | 34 of 39 | 13% |
| ROCE | 0.9 | 4.4 | 38 of 49 | 23% |
| ROE | 0.9 | 4.0 | 35 of 45 | 23% |
| Debt / Equity | (1.0) | 0.2 | 3 of 45 | 96% |
| Profit growth | 42.4 | 60.9 | 23 of 42 | 46% |
| Market cap | 4 | 88 | 45 of 46 | 2% |
| 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 |
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