SOUTH INDIA PAPER MILLS LTD.

Manufactures paper and paper products from its facilities at Nanjangud and Thandavapura in Karnataka, with paper and paper products accounting for 91.6% of segment revenue and power accounting for the remaining 8.4% over the period covered by the segment data. Revenue in FY26 was Rs 433.81 cr with a net profit of Rs 10.74 cr, after a swing from a loss in FY25. Materials are the dominant cost at 58.4% of revenue, followed by other operating expenses at 22.6% and employee costs at 7.8%. The power segment runs as a captive cogeneration operation linked to the paper mills, and the company is adding 11.6 million units of wind power a year through a 26% stake in Clean Wind Power (Manvi) Pvt Ltd to supply its industrial sites. Paper production was halted for 17 days in October 2025 for annual boiler inspection, and an FY24 fire incident has been generating insurance claims recognised as exceptional items. Total borrowings stand at Rs 1,559 lakhs with a debt-to-equity ratio of 0.70 and an ICRA credit rating of BB+.