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    Process industries

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    Pulp & paper
Shree Ajit Pulp And Paper Ltd

Shree Ajit Pulp And Paper Ltd

307.00
INR
+0.95
(+0.31%)
46.67EPS
6.11P/E
2.53BMarket Cap
Shree Ajit Pulp And Paper Ltd
BSE:SAPPL
(Bombay Stock Exchange)

Recent

price

307.00

P/E

ratio

6.11

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
170.11
195.93
219.81
258.48
256.12
299.76
263.46
314.82
340.24
303.31
336.23
526.34
468.52
357.47
606.02
840.74
814.86
Revenue per Share
11.09
9.72
17.81
14.82
8.98
14.88
8.13
9.69
30.24
25.16
30.3
27.3
26.14
10.03
11.31
36.08
46.67
Basic EPS, GAAP
10.3
3.89
5.8
-3.39
8.76
16.2
-15.75
-0.77
29.11
23.05
31.77
-29.89
-178.46
-94.55
-46.83
69.13
- -
Free Cash Flow per Basic Share
0.17
0.17
0.17
0.33
0.34
0.34
0.61
0.61
0.61
0.61
0.51
0.68
0.68
0.65
- -
- -
- -
Dividend per Share
42.11
54.75
72.16
86.67
94.97
109.24
117.38
126.49
156.13
180.64
210.39
237.05
262.56
254.55
277.8
312.59
- -
Book Value per Share
41.99
54.4
72.16
86.62
94.92
109.2
116.97
125.18
154.97
179.91
209.84
236.68
262.33
253.87
277.34
312.26
- -
Tangible Book Value per Share
8
8
8
8
8
8
8
8
8
8
8
8
8
8
8
8
9
Basic Weighted Avg Shares
1,342
1,549
1,741
2,047
2,028
2,374
2,087
2,493
2,695
2,402
2,663
4,169
3,711
2,940
5,048
7,003
7,250
Sales/Revenue/Turnover
12.55
9.47
13.44
10.32
7.27
9.58
6.28
7.24
13.96
11.4
14.24
9.27
5.95
3.97
7.2
10.55
11.94
Operating Margin (%)
30
34
39
47
53
54
54
65
70
76
75
73
72
96
164
199
199
Depreciation Expense
88
77
141
117
71
118
64
77
240
199
240
216
207
82
94
300
415
Net Income, GAAP
32.39
31.12
29.62
33.02
27.16
34.15
29.17
32.2
28.4
14.8
29.91
31.63
18.1
26.97
33.19
28.81
26.12
Effective Tax Rate (%)
6.52
4.96
8.1
5.73
3.5
4.96
3.09
3.08
8.89
8.3
9.01
5.19
5.58
2.81
1.87
4.29
5.73
Profit Margin (%)
34
8
56
48
59
217
127
171
231
358
579
650
537
262
463
1,152
- -
Working Capital
184
162
122
165
134
131
152
215
205
207
121
63
1,389
1,627
1,864
2,029
- -
LT Debt
358
434
572
686
752
865
930
1,002
1,237
1,431
1,666
1,878
2,079
2,273
2,480
2,781
- -
Total Equity
13.35
11.31
18.41
12.71
6.68
10.66
5.06
8.19
17.19
13.95
14.52
12.33
5.87
2.22
4.91
9.8
- -
Return on Invested Capital (%)
17.46
11.31
18.41
15.27
9.92
13.32
7.16
7.65
17.32
13.8
14.27
11.1
7.65
3.09
4.85
9.45
- -
Return on Capital (%)
27.76
19.41
28.07
18.66
9.88
14.57
7.17
7.94
21.4
14.94
15.5
12.2
10.46
3.79
3.97
11.42
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
534
- -
LT Borrowings
- -
2,029
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
9
9
9
Market Capitalization
2,331
2,393
2,535

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
2,125
- -
Cash, Cash Equivalents & STI
- -
12
- -
Accounts Receivable, Net
- -
995
- -
Inventories
- -
707
- -
Total Current Liabilities
- -
973
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
534
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
12.48%
10.79%
12.11%
Free Cash Flow
-418.56%
-7.91%
-247.61%
Net Income, GAAP
34.84%
31.76%
218.86%
Sales/Revenue/Turnover
15.07%
27.04%
38.73%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
1,182
1,115
1,208
1,551
5,048
2026
1,771
1,725
1,768
1,745
7,003
2027
2,012
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
2.92
1.77
2.28
5.45
11.31
2026
7.95
6.56
8.47
10.8
36.08
2027
20.84
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -
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Business
Shree Ajit Pulp and Paper Limited manufactures premium grade kraft paper, including multilayer testliner (triple wire), testliner (single wire), fluting medium, semi kraft liner, and machine-glazed (MG) kraft paper, all produced from 100% recycled waste paper with GSM ranging from 80 to 300 and burst factor from 20 to 35, available in natural and Ajit Gold shades; these products serve packaging applications such as corrugated boxes, duplex cartons, paper bags, and industrial needs across textiles, oil, FMCG, automobile components, and pharmaceuticals. The company operates two paper machines—a triple wire machine (PM-1) with a 2740 mm deckle and a single wire MG machine (PM-2) with a 2700 mm deckle—at its integrated manufacturing facility in Vapi, Gujarat, India, with a total production capacity of 108,000 tonnes per annum; it caters to over 500 customers, including multinational corporations, and holds FSC certification for eco-friendly practices. Incorporated in 1995 and listed on the Bombay Stock Exchange, the company is headquartered at Survey No. 239, Near Morai Railway Crossing, Village Salvav, Vapi, Valsad District, Gujarat 396191, India, with a subsidiary named Shree Samrudhi Industrial Papers Pvt. Ltd. In recent developments, Shree Ajit Pulp and Paper completed the acquisition and integration of Unit-II from NR Agarwal Industries Limited at GIDC Vapi, Gujarat, involving debt-funded capital expenditure of approximately Rs. 336 crore to expand kraft paper capacity, with phase II installations facing time overruns but now operational as an import substitute; the company installed advanced equipment from Valmet, including an OptiFlo Layering Fourdrinier headbox with Aqua layering technology, Valmet Conical Refiners Pro, and Conflo, commissioned in early 2024 to produce lightweight products and enhance strength properties. It conducted a rights issue in 2024 to support expansion and issued partly paid-up equity shares; production resumed on August 25, 2025, following a shutdown on August 16, 2025, while ICRA reaffirmed long-term BBB+ (Stable) and short-term A2 ratings on August 27, 2025, reflecting expected revenue growth amid volatile wastepaper prices and competition. The company reported standalone net sales of Rs. 177.09 crore for June 2025 (up 49.8% year-over-year) and consolidated net sales of Rs. 155.06 crore for March 2025 (up significantly), underscoring robust operational recovery and capacity utilization.