Banganga Paper Industries Ltd
Incorporated in 1984, Banganga Paper Industries Ltd manufacturers and suppliers of a diverse range of Kraft paper[1]
- Market Cap ₹ 608 Cr.
- Current Price ₹ 50.8
- High / Low ₹ 90.3 / 38.0
- Stock P/E 236
- 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 37.0 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: | 45% |
| 1 Year: | -40% |
| 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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Board Meeting Outcome for Outcome Of The Resolution Passed By Circulation On February 2, 2026 - Appointment Of
Additional Director (Non Executive, Independent)
2d - Appointed Dr Keshav Patkar as Additional Independent Director Feb 2, 2026 for five-year term to Feb 2, 2031.
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Board Meeting Outcome for Outcome Of The Resolution Passed By Circulation On January 28, 2026 - Appointment Of Additional Director (Executive)
28 Jan - Appointed Swaminathan Muralidharan (DIN 11499464) as Additional Executive Director effective 28 Jan 2026, till ensuing AGM.
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Shareholder Meeting / Postal Ballot-Outcome of EGM
21 Jan - EGM Jan 14, 2026: approved borrowing increases, name change, preferential equity/warrants, subsidiary sale, office shift, capital increase.
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Announcement under Regulation 30 (LODR)-Change in Registered Office Address
15 Jan - Shareholders approved increase in authorised capital to Rs.36 crore and proposed shift of registered office to Meghalaya (14 Jan 2026).
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Intimation Of Increase In Authorised Share Capital
15 Jan - EGM Jan 14, 2026 approved authorised capital increase to Rs36 crore and registered office shift to Meghalaya.
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