Banganga Paper Industries Ltd
Incorporated in 1984, Banganga Paper Industries Ltd manufacturers and suppliers of a diverse range of Kraft paper[1]
- Market Cap ₹ 649 Cr.
- Current Price ₹ 54.2
- High / Low ₹ 90.3 / 38.0
- Stock P/E 252
- Book Value ₹ 1.37
- Dividend Yield 0.00 %
- ROCE 27.0 %
- ROE 23.7 %
- Face Value ₹ 1.00
Pros
- Debtor days have improved from 105 to 40.9 days.
- Company's working capital requirements have reduced from 135 days to 18.0 days
Cons
- Stock is trading at 39.5 times its book value
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|
| 0.39 | 58.09 | 86.49 | |
| 0.41 | 53.34 | 80.40 | |
| Operating Profit | -0.02 | 4.75 | 6.09 |
| OPM % | -5.13% | 8.18% | 7.04% |
| -0.00 | 0.15 | 0.15 | |
| Interest | -0.00 | 0.83 | 1.08 |
| Depreciation | -0.00 | 1.41 | 1.57 |
| Profit before tax | -0.02 | 2.66 | 3.59 |
| Tax % | -0.00% | 29.32% | |
| -0.02 | 1.88 | 2.58 | |
| EPS in Rs | 0.16 | 0.20 | |
| Dividend Payout % | -0.00% | -0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 406% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 2480% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 89% |
| 1 Year: | -29% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 24% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|
| Equity Capital | 0.25 | 11.98 | 11.98 |
| Reserves | 0.03 | 3.63 | 4.45 |
| -0.00 | 10.01 | 7.88 | |
| 0.24 | 13.39 | 14.58 | |
| Total Liabilities | 0.52 | 39.01 | 38.89 |
| -0.00 | 17.02 | 16.64 | |
| CWIP | -0.00 | 0.06 | 0.14 |
| Investments | -0.00 | 1.25 | 1.26 |
| 0.52 | 20.68 | 20.85 | |
| Total Assets | 0.52 | 39.01 | 38.89 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | |
|---|---|---|
| -0.15 | -2.36 | |
| 0.13 | -19.58 | |
| -0.00 | 22.61 | |
| Net Cash Flow | -0.02 | 0.68 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | |
|---|---|---|
| Debtor Days | 168.46 | 40.90 |
| Inventory Days | -0.00 | 53.25 |
| Days Payable | 79.31 | |
| Cash Conversion Cycle | 168.46 | 14.84 |
| Working Capital Days | 252.69 | 17.97 |
| ROCE % | 26.95% |
Documents
Announcements
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Public Announcement - Open Offer
18 Dec - Open offer for 3,47,88,000 shares at Rs.1.45; consideration Rs.5.04 crore; SPA and preferential allotment dated Dec 17, 2025.
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Outcome Of Meeting Of Committee Of Independent Directors
17 Dec - Preferential allotment: 100,629,680 shares and 22,000,000 warrants at Rs1.45; change in control (Dec 17, 2025).
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Board Meeting Outcome for Outcome Of The Board Meeting
17 Dec - Board approved 78.90% CMJ Breweries acquisition for Rs.21.90 crore; large preferential issues, EOGM Jan 14, 2026.
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Board Meeting Outcome for Outcome Of The Board Meeting Held On December 16, 2025 - Appointment Of Directors
16 Dec - Appointed Venkatesh Prabhu and Ravindranathan M as independent directors effective Dec 16, 2025; five-year terms, shareholder approval pending.
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Board Meeting Intimation for Prior Intimation For Board Meeting
13 Dec - Board meeting on 17-Dec-2025 to consider preferential issue, strategic acquisition, authorised capital increase, auditor appointment, asset charge, loans, office shift.
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