Shree Ajit Pulp and Paper Ltd
Incorporated in 1995, Shree Ajit Pulp And Paper Ltd does manufacturing of Kraft Paper (Testliner / Multilayer Testliner) which is mainly used for manufacturing of corrugated boxes[1]
- Market Cap ₹ 174 Cr.
- Current Price ₹ 195
- High / Low ₹ 244 / 0.00
- Stock P/E 18.5
- Book Value ₹ 278
- Dividend Yield 0.00 %
- ROCE 7.43 %
- ROE 3.96 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.70 times its book value
- Company is expected to give good quarter
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 3.88% over last 3 years.
- Dividend payout has been low at 1.58% of profits over last 3 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.
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
190 | 189 | 222 | 209 | 249 | 270 | 240 | 267 | 418 | 372 | 295 | 506 | |
164 | 169 | 195 | 190 | 225 | 225 | 206 | 221 | 372 | 343 | 274 | 454 | |
Operating Profit | 25 | 19 | 27 | 19 | 24 | 44 | 34 | 45 | 46 | 29 | 21 | 51 |
OPM % | 13% | 10% | 12% | 9% | 10% | 16% | 14% | 17% | 11% | 8% | 7% | 10% |
0 | 0 | 0 | 0 | -0 | 0 | 1 | 1 | 1 | 0 | 7 | 2 | |
Interest | 3 | 4 | 4 | 4 | 6 | 5 | 4 | 4 | 5 | 6 | 7 | 23 |
Depreciation | 5 | 5 | 5 | 5 | 6 | 7 | 8 | 8 | 7 | 7 | 9 | 16 |
Profit before tax | 18 | 10 | 18 | 9 | 12 | 33 | 23 | 35 | 35 | 16 | 11 | 14 |
Tax % | 32% | 28% | 33% | 29% | 31% | 29% | 15% | 29% | 29% | 29% | 28% | 33% |
12 | 7 | 12 | 6 | 8 | 23 | 20 | 25 | 25 | 11 | 8 | 9 | |
EPS in Rs | 13.69 | 8.00 | 13.60 | 7.19 | 9.27 | 25.99 | 22.08 | 27.70 | 28.15 | 12.69 | 8.87 | 10.56 |
Dividend Payout % | 2% | 4% | 3% | 6% | 5% | 2% | 2% | 2% | 2% | 5% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 10% |
5 Years: | 16% |
3 Years: | 7% |
TTM: | 72% |
Compounded Profit Growth | |
---|---|
10 Years: | 3% |
5 Years: | -14% |
3 Years: | -28% |
TTM: | 108% |
Stock Price CAGR | |
---|---|
10 Years: | 13% |
5 Years: | 13% |
3 Years: | 1% |
1 Year: | -15% |
Return on Equity | |
---|---|
10 Years: | 10% |
5 Years: | 8% |
3 Years: | 4% |
Last Year: | 4% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 8 | 9 |
Reserves | 64 | 70 | 82 | 88 | 96 | 119 | 138 | 162 | 187 | 197 | 220 | 239 |
38 | 34 | 27 | 44 | 51 | 36 | 30 | 24 | 46 | 169 | 226 | 285 | |
29 | 32 | 34 | 36 | 36 | 40 | 37 | 54 | 48 | 51 | 63 | 67 | |
Total Liabilities | 136 | 142 | 148 | 173 | 188 | 200 | 210 | 246 | 286 | 424 | 516 | 600 |
83 | 85 | 82 | 89 | 111 | 127 | 134 | 129 | 128 | 140 | 294 | 408 | |
CWIP | 3 | 1 | 1 | 6 | 2 | 3 | 3 | 1 | 3 | 139 | 44 | 0 |
Investments | 3 | 4 | 5 | 6 | 6 | 9 | 9 | 9 | 9 | 9 | 1 | 1 |
47 | 51 | 60 | 73 | 68 | 61 | 65 | 107 | 146 | 136 | 178 | 191 | |
Total Assets | 136 | 142 | 148 | 173 | 188 | 200 | 210 | 246 | 286 | 424 | 516 | 600 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
17 | 15 | 16 | 14 | 18 | 45 | 32 | 25 | -7 | 21 | 19 | 8 | |
-17 | -7 | -4 | -27 | -18 | -24 | -14 | 0 | -15 | -146 | -87 | -46 | |
-0 | -8 | -12 | 13 | 1 | -21 | -10 | -10 | 16 | 110 | 66 | 48 | |
Net Cash Flow | -0 | -1 | 0 | 0 | -0 | 0 | 8 | 15 | -7 | -15 | -2 | 10 |
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 | 50 | 48 | 61 | 55 | 60 | 43 | 51 | 58 | 49 | 41 | 66 | 57 |
Inventory Days | 44 | 59 | 43 | 57 | 50 | 56 | 53 | 78 | 73 | 84 | 118 | 80 |
Days Payable | 30 | 37 | 37 | 45 | 35 | 40 | 42 | 57 | 32 | 33 | 76 | 38 |
Cash Conversion Cycle | 64 | 70 | 66 | 67 | 75 | 58 | 62 | 79 | 90 | 91 | 108 | 98 |
Working Capital Days | 40 | 48 | 53 | 60 | 56 | 41 | 47 | 61 | 75 | 79 | 109 | 93 |
ROCE % | 21% | 13% | 20% | 10% | 12% | 24% | 17% | 21% | 18% | 7% | 3% | 7% |
Documents
Announcements
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Closure of Trading Window
23 Jun - Trading window closed from July 1 till 48 hours post June 30 quarter results declaration.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
2 Jun - Pursuant to Regulation 47 of SEBI (Listing Obligation and Disclosure Requirement) Regulation, 2015 that the Audited Financial Results of the company for the quarter and …
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Announcement under Regulation 30 (LODR)-Change in Management
29 May - Approved Q4 and FY25 financial results; appointed secretarial auditor for five years, subject to shareholder approval.
- Financial Result For The Quarter And Year Ended 31/03/2025. 29 May
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Board Meeting Outcome for Outcome Of Board Meeting 29/05/2025
29 May - Approved Q4 and FY25 financial results; appointed secretarial auditor for five years, subject to shareholder approval.
Annual reports
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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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Financial Year 2010
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Product Profile:[1][2]
Company does manufacturing of Premium Grade Kraft Paper – Testliner (single wire) & Multilayer Testliner (triple wire) with GSM range of 80 – 300 & BF range of 20 – 35. It manufactures M.G. Kraft paper and Multi-layer Test Liner using Waste Paper. The products Fluting Medium, Test Liner & Semi Kraft Liner are available in Natural Shade, while Test Liner and Semi Kraft Liner is available in Ajit Gold Shade