Banganga Paper Industries Ltd
Incorporated in 1984, Banganga Paper Industries Ltd manufacturers and suppliers of a diverse range of Kraft paper[1]
- Market Cap ₹ 629 Cr.
- Current Price ₹ 52.5
- 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 44.9 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: | % |
| 1 Year: | -19% |
| 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
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Intimation Regarding Receipt Of Request Letter From Promoter For Reclassification Of Status From ''Promoter'' To ''Public''
25 Nov - Promoter Mrs. Snehlata Madanmohan Vyas requested reclassification from Promoter to Public on 25 November 2025.
- Declaration Pursuant To Regulation 33(3) Of The SEBI(LODR) Regulation, 2015 The SEBI (LODR) Regulations, 2015. 15 Nov
-
Board Meeting Outcome for Outcome Of Board Meeting And Intimation Under Regulation 30 And 33 Of The
SEBI (LODR) Regulations, 2015.
15 Nov - Board approved unaudited standalone and consolidated results for quarter ended 30 Sep 2025; limited review attached.
-
Board Meeting Intimation for Prior Intimation For Board Meeting
11 Nov - Board meeting 15 Nov 2025 to approve unaudited Q2 results; trading window closed.
-
Clarification And Delayed Submission Of Proceedings Of The 41Th Annual General Meeting Of The Banganga Paper Industries Limited Under Regulation 30 Of The SEBI (LODR) Regulation, 2015.
15 Oct - AGM held Sept 30, 2025; proceedings filed Oct 2 after technical disruption; resubmitted to BSE.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
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