Subam Papers Ltd
Incorporated in October 2006, Subam Papers Limited is a manufacturer of Kraft Paper and paper products. [1]
- Market Cap ₹ 591 Cr.
- Current Price ₹ 215
- High / Low ₹ 244 / 70.8
- Stock P/E 54.6
- Book Value ₹ 143
- Dividend Yield 0.00 %
- ROCE 4.83 %
- ROE 3.07 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -10.8%
- Tax rate seems low
- Company has a low return on equity of 8.39% 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.
Peer comparison
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 243 | 268 | 318 | 445 | 448 | 448 | 490 | |
| 213 | 220 | 278 | 421 | 392 | 395 | 458 | |
| Operating Profit | 31 | 48 | 39 | 24 | 56 | 53 | 32 |
| OPM % | 13% | 18% | 12% | 5% | 12% | 12% | 7% |
| 8 | -8 | 7 | 7 | 5 | 6 | 2 | |
| Interest | 0 | 2 | 3 | 11 | 13 | 12 | 11 |
| Depreciation | 8 | 8 | 7 | 14 | 10 | 13 | 12 |
| Profit before tax | 30 | 29 | 37 | 6 | 38 | 34 | 10 |
| Tax % | 28% | 25% | 26% | 59% | 25% | 26% | -3% |
| 22 | 22 | 27 | 3 | 29 | 26 | 11 | |
| EPS in Rs | 134.12 | 132.70 | 167.54 | 15.42 | 176.94 | 11.00 | 3.94 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 3% |
| TTM: | 9% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -19% |
| 3 Years: | 63% |
| TTM: | -58% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 139% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 9% |
| 3 Years: | 8% |
| Last Year: | 3% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 2 | 2 | 23 | 27 |
| Reserves | 111 | 133 | 160 | 162 | 191 | 289 | 366 |
| 25 | 11 | 115 | 103 | 123 | 114 | 65 | |
| 37 | 43 | 61 | 62 | 54 | 80 | 107 | |
| Total Liabilities | 175 | 188 | 337 | 329 | 370 | 506 | 565 |
| 38 | 31 | 123 | 135 | 144 | 162 | 160 | |
| CWIP | 0 | 3 | 0 | 0 | 20 | 0 | 1 |
| Investments | 3 | 12 | 16 | 16 | 15 | 141 | 145 |
| 133 | 142 | 198 | 178 | 191 | 204 | 259 | |
| Total Assets | 175 | 188 | 337 | 329 | 370 | 506 | 565 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 19 | 17 | 19 | 43 | 28 | 27 | 32 | |
| -5 | -14 | -120 | -21 | -35 | -103 | -43 | |
| -9 | -7 | 101 | -22 | 7 | 74 | 10 | |
| Net Cash Flow | 5 | -4 | -0 | 0 | -0 | -2 | -0 |
| Free Cash Flow | 16 | 13 | -76 | 16 | -10 | 16 | 21 |
| CFO/OP | 92% | 54% | 48% | 179% | 63% | 61% | 95% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 94 | 84 | 84 | 60 | 75 | 99 | 89 |
| Inventory Days | 31 | 60 | 90 | 37 | 74 | 63 | 74 |
| Days Payable | 59 | 64 | 77 | 54 | 55 | 50 | 61 |
| Cash Conversion Cycle | 66 | 81 | 96 | 43 | 94 | 112 | 102 |
| Working Capital Days | 104 | 91 | 48 | 26 | 28 | 56 | 48 |
| ROCE % | 30% | 19% | 6% | 18% | 12% | 5% |
Insights
In beta| Mar 2025 | Mar 2026 | |
|---|---|---|
| Installed Production Capacity (Consolidated) Metric Tons Per Day (MTPD) |
|
|
| Captive Energy Capacity: Solar Power MW |
||
| Captive Energy Capacity: Wind Energy MW |
||
| Line-wise Expansion Target: Cone Board Machine TPD |
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| Line-wise Expansion Target: Duplex Board (PM1) MTPD |
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| Line-wise Expansion Target: Kraft Paper (PM2) TPD |
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| Line-wise Expansion Target: Multi-grade Paper (PM3) TPD |
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Extracted by Screener AI
Documents
Announcements
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Statement Of Deviation Or Variation In Utilization Of Funds Raised Through Preferential Issue For The Quarter Ended March 31, 2026
30 May - Q4 FY26 preferential issue funds: ₹107.04 crore raised, ₹74.36 crore received; no utilization deviation.
- Audited Standalone And Consolidated Fiancial For 2025-26 28 May
-
Compliances-Reg.24(A)-Annual Secretarial Compliance
28 May - Subam Papers filed its Annual Secretarial Compliance Report for year ended 31 March 2026.
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Regulation 47 Of SEBI (LODR) Regulations, 2015, We Enclose A Copy Of The Newspaper Advertisement Carrying Audited Financial Results Of The Company For The Quarter And Year Ended 31.03.2026
28 May - Audited Q4 and FY2026 results published in newspapers on 28 May 2026.
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Revised Cost Of Project For Preferential Issue Due To Under Subscription Of Equity Shares
27 May - Preferential issue revised to 104.37 Cr after 2.66 Cr equity shortfall; GCP reduced to 1.36 Cr.
Product Portfolio - Application
1. Kraft Paper [1]
- Usage: Corrugated boxes, online retail packaging, carry bags, wrapping, and protective packaging.
Usage: Mono cartons, small boxes, notebook covers, invitations, matchboxes, carry bags, online retail packaging, writing, and printing paper.
Corrugated Boxes [2]
Usage: Corrugated boxes and packaging materials.
Paper Cones [3]
Usage: Yarn winding, thread storage, tape rolls, wire and cable, packaging, protective packaging, confectionery, and arts and crafts.
Paper Tubes and Cores [3]