Banganga Paper Industries Ltd
Incorporated in 1984, Banganga Paper Industries Ltd manufacturers and suppliers of a diverse range of Kraft paper[1]
- Market Cap ₹ 588 Cr.
- Current Price ₹ 49.1
- High / Low ₹ 90.3 / 38.0
- Stock P/E
- Book Value ₹ 1.17
- Dividend Yield 0.00 %
- ROCE -2.23 %
- ROE -2.23 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
Cons
- Stock is trading at 42.0 times its book value
- Company has low interest coverage ratio.
- Company has a low return on equity of -0.52% over last 3 years.
- Working capital days have increased from 46,857 days to 1,40,160 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.01 | 0.02 | 0.04 | 0.03 | 0.04 | 0.04 | 0.17 | 0.32 | 0.36 | 0.32 | 0.39 | -0.01 | 0.00 | |
| 0.01 | 0.02 | 0.04 | 0.03 | 0.04 | 0.04 | 0.17 | 0.32 | 0.42 | 0.38 | 0.41 | 0.15 | 0.11 | |
| Operating Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.06 | -0.06 | -0.02 | -0.16 | -0.11 |
| OPM % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -16.67% | -18.75% | -5.13% | ||
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.24 | 0.00 | 0.00 | 0.00 | |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.06 | 0.18 | -0.02 | -0.16 | -0.11 |
| Tax % | 0.00% | 27.78% | 0.00% | 0.00% | |||||||||
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.06 | 0.14 | -0.02 | -0.16 | -0.11 | |
| EPS in Rs | -0.01 | 0.00 | |||||||||||
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -100% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 15% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 46% |
| 1 Year: | -35% |
| Return on Equity | |
|---|---|
| 10 Years: | -1% |
| 5 Years: | -1% |
| 3 Years: | -1% |
| Last Year: | -2% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 11.98 | 11.98 |
| Reserves | -0.03 | -0.03 | -0.03 | -0.03 | -0.03 | -0.03 | -0.03 | -0.02 | -0.08 | 0.05 | 0.03 | 2.07 | 2.01 |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.04 | 0.00 | |
| 0.78 | 0.63 | 0.63 | 0.63 | 0.63 | 0.36 | 0.01 | 0.00 | 0.01 | 0.16 | 0.24 | 0.23 | 0.25 | |
| Total Liabilities | 1.00 | 0.85 | 0.85 | 0.85 | 0.85 | 0.58 | 0.23 | 0.23 | 0.18 | 0.46 | 0.52 | 14.32 | 14.24 |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 10.20 | 10.20 |
| 1.00 | 0.85 | 0.85 | 0.85 | 0.85 | 0.58 | 0.23 | 0.23 | 0.18 | 0.46 | 0.52 | 4.12 | 4.04 | |
| Total Assets | 1.00 | 0.85 | 0.85 | 0.85 | 0.85 | 0.58 | 0.23 | 0.23 | 0.18 | 0.46 | 0.52 | 14.32 | 14.24 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -0.06 | 0.01 | -0.04 | -0.02 | 0.00 | -0.01 | 0.03 | -0.04 | 0.02 | 0.01 | -0.15 | -3.73 | |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.13 | -10.20 | |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 13.96 | |
| Net Cash Flow | -0.06 | 0.01 | -0.04 | -0.02 | 0.00 | -0.01 | 0.03 | -0.04 | 0.02 | 0.01 | -0.02 | 0.03 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 5,475.00 | 3,102.50 | 1,825.00 | 2,920.00 | 2,463.75 | 182.50 | 64.41 | 114.06 | 30.42 | 114.06 | 168.46 | -6,570.00 |
| Inventory Days | 99.55 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
| Days Payable | 0.00 | |||||||||||
| Cash Conversion Cycle | 5,475.00 | 3,102.50 | 1,825.00 | 2,920.00 | 2,463.75 | 182.50 | 163.96 | 114.06 | 30.42 | 114.06 | 168.46 | -6,570.00 |
| Working Capital Days | 1,460.00 | 547.50 | 547.50 | 1,095.00 | 730.00 | 912.50 | 107.35 | 102.66 | 20.28 | 159.69 | 252.69 | 140,160.00 |
| ROCE % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -30.00% | 76.60% | -6.90% | -2.23% |
Documents
Announcements
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 7 Jan
-
Submission Of Statement Of Investor Complaints For The Quarter Ended On 31St December, 2025.
7 Jan - Quarterly investor complaints statement for period ended 31 Dec 2025; zero complaints received or pending.
-
Draft Letter of Offer
30 Dec - Mandatory open offer to acquire 3,47,88,000 shares at Rs 1.45; opens 06-Feb-2026
- Closure of Trading Window 27 Dec
-
Intimation Of Extra Ordinary General Meeting Of The Company Pursuant To Regulation 30 Of
The SEBI (LODR) Regulations, 2015
23 Dec - EGM 14 Jan 2026: Rs500Cr borrowing limit, rename to Asgard Alcobev, preferential issue acquiring CMJ Breweries, Rs11.22Cr sale
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Business Overview:[1]
BPIL is a manufacturer of craft paper,
catering to various industries. Its subsidiary, Banganga Paper Mills, operates a modern facility in Dindori, Nasik. The facility produces corrugated papers and craft paper in different GSM ranges, used in paper bags, cones, boards, and corrugated boxes. The company manufactures its products using recycled paper and reuses 90-95% of water and chemicals