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 ₹ 211 Cr.
- Current Price ₹ 237
- High / Low ₹ 255 / 0.00
- Stock P/E 14.7
- Book Value ₹ 279
- Dividend Yield 0.00 %
- ROCE 7.43 %
- ROE 3.96 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.85 times its book value
- Company is expected to give good quarter
- Company's working capital requirements have reduced from 34.0 days to 22.0 days
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 5.35% over last 3 years.
- Dividend payout has been low at 0.86% 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
205 | 203 | 237 | 209 | 249 | 270 | 240 | 267 | 418 | 372 | 295 | 506 | 564 | |
179 | 183 | 209 | 190 | 226 | 225 | 206 | 222 | 376 | 343 | 274 | 454 | 501 | |
Operating Profit | 26 | 20 | 28 | 19 | 24 | 44 | 34 | 45 | 43 | 29 | 21 | 51 | 63 |
OPM % | 13% | 10% | 12% | 9% | 10% | 16% | 14% | 17% | 10% | 8% | 7% | 10% | 11% |
0 | 0 | 0 | 0 | -0 | 1 | 1 | 1 | 1 | 10 | 7 | 2 | 2 | |
Interest | 4 | 5 | 5 | 4 | 6 | 5 | 4 | 4 | 5 | 6 | 7 | 23 | 26 |
Depreciation | 5 | 5 | 5 | 5 | 6 | 7 | 8 | 8 | 7 | 7 | 9 | 16 | 18 |
Profit before tax | 18 | 10 | 18 | 9 | 11 | 33 | 23 | 34 | 32 | 25 | 11 | 14 | 21 |
Tax % | 33% | 27% | 34% | 29% | 32% | 28% | 15% | 30% | 32% | 18% | 27% | 33% | |
12 | 7 | 12 | 6 | 8 | 24 | 20 | 24 | 22 | 21 | 8 | 9 | 14 | |
EPS in Rs | 13.19 | 7.99 | 13.24 | 7.24 | 8.62 | 26.91 | 22.39 | 26.97 | 24.29 | 23.26 | 9.27 | 10.59 | 16.12 |
Dividend Payout % | 2% | 4% | 3% | 6% | 5% | 2% | 2% | 2% | 2% | 3% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 10% |
5 Years: | 16% |
3 Years: | 7% |
TTM: | 68% |
Compounded Profit Growth | |
---|---|
10 Years: | 3% |
5 Years: | -14% |
3 Years: | -24% |
TTM: | 84% |
Stock Price CAGR | |
---|---|
10 Years: | 13% |
5 Years: | 17% |
3 Years: | 6% |
1 Year: | -2% |
Return on Equity | |
---|---|
10 Years: | 10% |
5 Years: | 8% |
3 Years: | 5% |
Last Year: | 4% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 63 | 70 | 81 | 88 | 95 | 118 | 138 | 161 | 182 | 203 | 220 | 239 |
43 | 41 | 33 | 44 | 51 | 36 | 30 | 24 | 46 | 169 | 226 | 285 | |
30 | 33 | 38 | 36 | 36 | 40 | 37 | 54 | 48 | 51 | 63 | 67 | |
Total Liabilities | 142 | 149 | 157 | 173 | 187 | 199 | 210 | 245 | 282 | 429 | 516 | 600 |
89 | 91 | 91 | 89 | 111 | 127 | 134 | 129 | 128 | 140 | 294 | 408 | |
CWIP | 3 | 3 | 1 | 6 | 2 | 3 | 3 | 1 | 3 | 139 | 44 | 0 |
Investments | 0 | 0 | 0 | 5 | 5 | 8 | 8 | 7 | 4 | 13 | 0 | 0 |
51 | 54 | 65 | 73 | 69 | 62 | 65 | 108 | 147 | 136 | 179 | 192 | |
Total Assets | 142 | 149 | 157 | 173 | 187 | 199 | 210 | 245 | 282 | 429 | 516 | 600 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
14 | 16 | 17 | 14 | 18 | 45 | 32 | 25 | -7 | 21 | 19 | 8 | |
-16 | -9 | -4 | -27 | -18 | -24 | -14 | 0 | -15 | -146 | -87 | -46 | |
2 | -8 | -13 | 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
Consolidated Figures in Rs. Crores / View Standalone
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 | 46 | 61 | 55 | 60 | 43 | 51 | 58 | 49 | 41 | 66 | 57 |
Inventory Days | 43 | 56 | 42 | 57 | 50 | 56 | 53 | 78 | 73 | 84 | 118 | 80 |
Days Payable | 31 | 36 | 40 | 45 | 35 | 40 | 42 | 57 | 32 | 33 | 76 | 38 |
Cash Conversion Cycle | 61 | 66 | 63 | 67 | 75 | 58 | 62 | 79 | 90 | 91 | 108 | 98 |
Working Capital Days | 6 | 9 | 32 | 20 | 23 | 29 | 39 | 45 | 41 | 50 | 30 | 22 |
ROCE % | 21% | 13% | 19% | 10% | 12% | 25% | 17% | 21% | 17% | 10% | 3% | 7% |
Documents
Announcements
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Investor Education And Protection Fund Authority 100 Days Campaign - "Saksham Niveshak"
1d - 100-day 'Saksham Niveshak' (28 Jul–6 Nov 2025) campaign to update KYC and claim unpaid dividends.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
16 Aug - Pursuant to Regulation 47 of SEBI (LoDR) Regulation, 2015 that the unaudited Financial Results of the Company for the first quarter ended on 30th June, …
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Intimation On Plant Shut Down - Pursuant To Regulation 30 Of SEBI (LODR) Regulations, 2015.
16 Aug - Plant shut down from Aug 16 to Aug 25, 2025 for Boiler Department requirements.
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Financial Results For Quarter Ended On 30.06.2025
14 Aug - Approved Q1 FY2026 unaudited financial results with auditors' review report.
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Board Meeting Outcome for Outcome Of Board Meeting
14 Aug - Approved Q1 FY2026 unaudited standalone and consolidated financial results.
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