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    Process industries

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    Pulp & paper
Sangal Papers Limited

Sangal Papers Limited

BBSE:SANPA
189.45
INR
+2.40
(+1.28%)
32.49EPS
4.76P/E
202.30MMarket Cap
Sangal Papers Limited
BSE:SANPA
(Bombay Stock Exchange)

Recent

price

189.45

P/E

ratio

4.76

div

yld

- -

ROIC.AI

2010
2011
2012
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
466.67
537.84
632.35
1,090.96
712.66
721.72
797.49
915.45
1,131.47
959.57
807.88
1,182.97
1,726.82
1,450.7
1,373.8
1,367
1,436.84
Revenue per Share
9.36
9.23
11.15
17.11
10.84
12.68
13.08
19.91
46.95
13.79
5
12.55
25.9
18.9
21.62
18.11
32.49
Basic EPS, GAAP
1.66
42.53
-64.69
- -
-21.32
15.61
49.76
17.61
24.53
-0.41
24.64
1.51
-29.67
9.79
10.09
-11.02
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
100.43
107.25
115.98
- -
147.12
159.97
172.97
192.98
240.21
253.76
261.27
273.76
299.35
317.89
339.2
357.48
- -
Book Value per Share
100.43
103.75
115.9
- -
147.12
159.97
172.97
192.98
240.21
253.76
261.27
273.76
299.35
317.89
339.2
357.48
- -
Tangible Book Value per Share
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
Basic Weighted Avg Shares
610
703
827
1,001
932
943
1,042
1,196
1,479
1,254
1,056
1,546
2,257
1,896
1,796
1,787
1,877
Sales/Revenue/Turnover
6.71
5.93
5.45
4.99
5.39
65.74
4.39
3.88
5.54
2.56
3.06
2.55
2.41
2.88
3.5
2.94
3.85
Operating Margin (%)
15
15
15
17
7
8
9
10
12
13
14
14
16
17
19
20
21
Depreciation Expense
12
12
15
16
14
17
17
26
61
18
7
16
34
25
28
24
42
Net Income, GAAP
30
39.49
19.41
25.8
40.87
33.29
34.76
28.38
16.24
5.32
14.63
22.52
29.44
28.76
29.37
28.52
28.51
Effective Tax Rate (%)
2.01
1.72
1.76
1.57
1.52
1.76
1.64
2.17
4.15
1.44
0.62
1.06
1.5
1.3
1.57
1.32
2.26
Profit Margin (%)
133
50
87
- -
97
100
106
99
135
130
132
162
168
178
198
165
- -
Working Capital
170
71
86
- -
74
66
62
55
70
63
73
85
97
102
94
130
- -
LT Debt
131
140
152
- -
192
209
226
252
314
332
342
358
391
416
443
467
- -
Total Equity
10.42
8.12
9.66
- -
- -
96.9
6.99
7.71
14.25
6.02
3.15
4.59
6.34
5.85
6.05
4.49
- -
Return on Invested Capital (%)
4.13
8.16
9.72
- -
- -
7.49
7.22
8.62
15.97
7.12
3.76
5.27
7.99
6.46
6.63
5.27
- -
Return on Capital (%)
9.65
8.89
9.99
- -
- -
8.26
7.85
10.88
21.67
5.58
1.94
4.69
9.04
6.12
6.58
5.2
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
184
- -
LT Borrowings
- -
130
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1
1
1
Market Capitalization
243
209
202

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
497
- -
Cash, Cash Equivalents & STI
- -
21
- -
Accounts Receivable, Net
- -
239
- -
Inventories
- -
224
- -
Total Current Liabilities
- -
332
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
184
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.52%
6.48%
5.39%
Free Cash Flow
-857.55%
-500.43%
-209.21%
Net Income, GAAP
28.56%
45.75%
-16.22%
Sales/Revenue/Turnover
8.85%
14.13%
-0.49%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
426
512
397
468
1,796
2026
476
483
467
367
1,787
2027
559
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
5.1
11.94
1.3
3.28
21.62
2026
6.15
2.31
2.65
7.01
18.11
2027
20.5
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -
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Business
Sangal Papers Limited manufactures and sells a diverse range of paper products including kraft paper, colored papers, MG varieties paper, high bulk paper, newsprint paper, specialty papers, craft paper, manila paper, ledger paper, stationery paper, construction paper, writing and printing papers, envelope stock, packing and lamination paper, ribbed kraft papers, scrapbook paper, poster paper, azure laid paper, legal pad paper, drawing paper, and absorbent white kraft paper. The company operates advanced production machines dedicated to writing and printing, newsprint, and MG varieties, serving applications such as educational materials, packaging, crafts, and food-grade packaging. It produces most products from 100% recycled waste paper and has incorporated agricultural residues to reduce dependency on waste paper, reflecting a commitment to sustainability. Founded in 1980 and headquartered in Meerut, Uttar Pradesh, Sangal Papers Limited is active in the paper and forest products industry with a total manufacturing capacity nearing 36,000 metric tons per annum. The company is publicly listed on the Bombay Stock Exchange (BSE) and maintains operations primarily in India. Recent major changes include the securing of a Rs 6 crore term loan from Axis Bank in 2024 to fund significant production capacity enhancements and operational efficiencies, including an upgrade of the existing 3 MW turbine to a 4.5 MW turbine, modifications to boilers to utilize Refuse-Derived Fuel (RDF), improvements to the effluent treatment plant, and installation of additional production equipment. These upgrades are aimed at increasing production capacity, improving energy efficiency, and enhancing environmental sustainability. The company also recently re-appointed key directors and auditors as part of management continuity efforts. Sangal Papers continues to expand its product range with specialized grades and innovative paper products while maintaining a focus on competitive pricing and environmental stewardship. It targets a broad customer base across various industry segments including packaging, printing, education, and food-grade applications throughout India. The company leverages strategic operational improvements to maintain competitiveness and adapt to evolving market demands.