Saffron Industries Ltd

₹ 35.4 -4.99%

20 Feb - close price

About

Incorporated in 1993, Saffron Industries Limited is in the business of paper manufacturing and real estate development.^[1]

Key Points

Business Overview:^[1]^[2]
a) SIL is engaged in manufacturing newsprint and kraft papers.
b) It has also ventured into real estate development after obtaining approvals to convert factory land from industrial to residential use.
c) A layout plan has been approved, development charges paid, and RERA registration obtained from Maharashtra RERA.
d) The factory land has been reclassified as stock-in-trade based on approvals.
e) The company signed MoUs with a few buyers and allotted plots accordingly; proceeds are treated as sales, though sale deeds are yet to be executed.

Website BSE

Market Cap ₹ 25.5 Cr.
Current Price ₹ 35.4
High / Low ₹ 104 / 5.76
Stock P/E 6.53
Book Value ₹ -12.2
Dividend Yield 0.00 %
ROCE 86.9 %
ROE %
Face Value ₹ 10.0

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Pros

Company has reduced debt.

Cons

The company has delivered a poor sales growth of -6.47% over past five years.

* 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.

Peer comparison

Commodities Forest Materials Paper, Forest & Jute Products Paper & Paper Products

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
	4.69	3.70	2.97	0.00	3.75	9.47	0.00	0.46	2.48	3.38	3.10	0.81	1.52
	4.13	6.43	3.28	0.02	3.55	9.32	0.06	0.34	1.76	-0.61	1.25	0.27	0.69
Operating Profit	0.56	-2.73	-0.31	-0.02	0.20	0.15	-0.06	0.12	0.72	3.99	1.85	0.54	0.83
OPM %	11.94%	-73.78%	-10.44%		5.33%	1.58%		26.09%	29.03%	118.05%	59.68%	66.67%	54.61%
	0.01	0.01	0.00	0.01	0.02	0.01	0.01	0.01	0.01	0.00	0.01	0.00	0.01
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	0.44	0.61	0.49	0.43	0.54	0.48	0.31	0.31	0.31	1.08	1.95	0.30	0.00
Profit before tax	0.13	-3.33	-0.80	-0.44	-0.32	-0.32	-0.36	-0.18	0.42	2.91	-0.09	0.24	0.84
Tax %	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%
	0.13	-3.33	-0.81	-0.44	-0.31	-0.33	-0.36	-0.18	0.43	2.91	-0.09	0.24	0.84
EPS in Rs	0.18	-4.63	-1.13	-0.61	-0.43	-0.46	-0.50	-0.25	0.60	4.05	-0.13	0.33	1.17
Raw PDF

Profit & Loss

Figures in Rs. Crores

	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
	60.77	49.62	35.61	32.30	5.63	16.47	8.83	17.24	17.85	17.02	16.20	6.32	8.81
	64.48	46.39	32.89	31.09	6.10	12.98	8.26	18.03	18.02	16.62	16.18	1.53	1.60
Operating Profit	-3.71	3.23	2.72	1.21	-0.47	3.49	0.57	-0.79	-0.17	0.40	0.02	4.79	7.21
OPM %	-6.10%	6.51%	7.64%	3.75%	-8.35%	21.19%	6.46%	-4.58%	-0.95%	2.35%	0.12%	75.79%	81.84%
	9.25	0.11	-0.21	0.60	0.12	-1.09	0.27	0.11	0.02	0.02	0.04	0.03	0.02
Interest	2.71	0.96	0.01	0.00	0.18	0.04	0.01	0.01	0.01	0.00	0.01	0.01	0.00
Depreciation	2.48	1.40	1.38	1.41	1.24	1.21	1.19	1.20	1.62	1.93	1.94	2.00	3.33
Profit before tax	0.35	0.98	1.12	0.40	-1.77	1.15	-0.36	-1.89	-1.78	-1.51	-1.89	2.81	3.90
Tax %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.35	0.98	1.11	0.40	-1.76	1.15	-0.36	-1.90	-1.78	-1.50	-1.89	2.81	3.90
EPS in Rs	0.49	1.36	1.54	0.56	-2.45	1.60	-0.50	-2.64	-2.48	-2.09	-2.63	3.91	5.42
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	-19%
5 Years:	-6%
3 Years:	-29%
TTM:	-29%

Compounded Profit Growth
10 Years:	11%
5 Years:	58%
3 Years:	53%
TTM:	986%

Stock Price CAGR
10 Years:	18%
5 Years:	45%
3 Years:	95%
1 Year:	332%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	%

Balance Sheet

Figures in Rs. Crores

	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	7.19	7.19	7.19	7.19	7.19	7.19	7.19	7.19	7.19	7.19	7.19	7.19	7.19
Reserves	-14.16	-13.18	-12.06	-11.67	-13.43	-12.28	-12.65	-14.54	-16.32	-17.82	-19.76	-16.95	-16.81
	30.33	21.21	20.58	20.58	20.58	20.58	20.58	17.35	19.14	19.96	16.98	11.84	2.55
	11.52	15.73	14.03	12.65	7.53	3.15	2.36	2.07	0.91	1.01	6.43	10.45	23.52
Total Liabilities	34.88	30.95	29.74	28.75	21.87	18.64	17.48	12.07	10.92	10.34	10.84	12.53	16.45
	21.79	21.52	20.10	18.59	14.52	13.04	11.85	10.65	9.43	6.69	4.75	2.76	0.01
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	0.00	0.00
	13.09	9.43	9.64	10.16	7.35	5.60	5.63	1.42	1.49	3.65	6.09	9.77	16.44
Total Assets	34.88	30.95	29.74	28.75	21.87	18.64	17.48	12.07	10.92	10.34	10.84	12.53	16.45

Cash Flows

Figures in Rs. Crores

	Mar 2014	Mar 2015	Mar 2016	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	18.71	-4.73	2.19	-3.32	-0.45	-0.22	3.47	-1.22	-2.09	3.27	5.10
	4.02	-0.87	-1.23	2.63	-0.12	0.03	0.03	-0.38	0.83	0.04	0.03
	-22.59	5.63	-0.97	-0.04	0.51	0.00	-3.23	1.79	0.82	-2.98	-5.14
Net Cash Flow	0.14	0.04	-0.02	-0.73	-0.06	-0.20	0.27	0.19	-0.44	0.33	-0.01

Ratios

Figures in Rs. Crores

	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	32.31	19.49	41.31	69.16	313.13	104.60	190.56	0.00	0.00	0.00	0.00	5.20
Inventory Days	35.22	41.80	17.05	0.84	7.41	1.40	11.53	3.59	0.23	83.08	141.46
Days Payable	55.81	124.69	220.19	184.76	714.13	116.39	114.66	40.24	15.10	9.77	51.23
Cash Conversion Cycle	11.72	-63.40	-161.84	-114.76	-393.59	-10.39	87.44	-36.64	-14.87	73.31	90.23	5.20
Working Capital Days	-90.21	-53.33	-58.12	-46.22	-71.96	39.67	116.16	-29.01	-6.95	46.11	-26.14	-85.47
ROCE %	-21.70%	10.06%	9.25%	2.70%	-10.38%	16.36%	-2.29%	-14.97%	-17.69%	-15.62%	-27.37%	86.90%

Shareholding Pattern

Numbers in percentages

3 Recently

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.50%	60.50%	60.50%	60.50%	60.50%
	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%
	39.39%	39.39%	39.39%	39.39%	39.39%	39.39%	39.39%	39.40%	39.41%	39.41%	39.40%	39.40%
No. of Shareholders	1,956	1,955	1,961	2,066	2,142	2,318	2,410	2,430	2,535	2,493	2,685	3,552

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Dec 2025
	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.50%	60.50%
	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%
	39.40%	39.40%	39.40%	39.40%	39.40%	39.40%	39.40%	39.39%	39.39%	39.41%	39.40%
No. of Shareholders	1,898	1,873	1,846	1,827	1,840	1,859	1,904	1,956	2,142	2,535	3,552

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Saffron Industries Ltd

Saffron Industries Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

Annual reports