Subam Papers Ltd
Incorporated in October 2006, Subam Papers Limited is a manufacturer of Kraft Paper and paper products. [1]
- Market Cap ₹ 594 Cr.
- Current Price ₹ 216
- High / Low ₹ 248 / 138
- Stock P/E 56.7
- Book Value ₹ 143
- Dividend Yield 0.00 %
- ROCE 4.83 %
- ROE 3.06 %
- 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.
- Tax rate seems low
- Company has a low return on equity of 8.42% 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
Half Yearly 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 | 487 | |
| Sales growth | +10% | +19% | +40% | +1% | +0% | +9% | |
| 213 | 220 | 278 | 421 | 392 | 395 | 456 | |
| 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 | 35 | 10 |
| Tax % | 28% | 25% | 26% | 59% | 25% | 26% | -3% |
| 22 | 22 | 27 | 3 | 29 | 26 | 11 | |
| EPS in Rs | 13.39 | 13.25 | 16.73 | 1.54 | 17.67 | 11.13 | 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: | 18% |
| 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 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 2 | 2 | 23 | 27 | 27 |
| Reserves | 111 | 133 | 160 | 162 | 191 | 290 | 366 | 357 |
| 25 | 11 | 115 | 103 | 123 | 114 | 65 | 98 | |
| 37 | 43 | 61 | 62 | 54 | 74 | 107 | 130 | |
| Total Liabilities | 175 | 188 | 337 | 329 | 370 | 501 | 565 | 612 |
| 38 | 31 | 123 | 135 | 144 | 162 | 160 | 156 | |
| CWIP | 0 | 3 | 0 | 0 | 20 | 0 | 1 | 0 |
| Investments | 3 | 12 | 16 | 16 | 15 | 145 | 145 | 145 |
| 133 | 142 | 198 | 178 | 191 | 194 | 259 | 310 | |
| Total Assets | 175 | 188 | 337 | 329 | 370 | 501 | 565 | 612 |
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 | -101 | -43 | |
| -9 | -7 | 101 | -22 | 7 | 74 | 10 | |
| Net Cash Flow | 5 | -4 | -0 | 0 | -0 | -0 | -0 |
| Free Cash Flow | 16 | 13 | -76 | 16 | -10 | 16 | 21 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 92% | 54% | 48% | 179% | 63% | 61% | 104% |
Ratios
Standalone / 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 | 105 |
| Days Payable | 59 | 64 | 77 | 54 | 55 | 50 | 86 |
| Cash Conversion Cycle | 66 | 81 | 96 | 43 | 94 | 112 | 108 |
| Working Capital Days | 104 | 91 | 48 | 26 | 28 | 44 | 48 |
| ROCE % | 30% | 19% | 6% | 18% | 13% | 5% |
Insights
In beta| Mar 2025 | Mar 2026 | |
|---|---|---|
| Group Installed Capacity (MTPA) MTPA |
|
|
| Kraft Paper Installed Capacity (MTPA) MTPA |
||
| Captive Renewable Power Capacity MW |
||
| Number of Customers count |
||
Extracted by Screener AI
Documents
Announcements
-
Board Meeting Outcome for Out Come Of Board Meeting 12/11/2026 A) Unaudited Standalone And Consolidated Financial Statements Of The Company Along With Limited Review Report For The Half Year Ended September30, 2026
- Board approved H1 FY27 results; reported ₹2,701.36 lakh fire inventory loss and proposed name change.
-
Board Meeting Intimation for Meeting Of The Board Of The Company Is Scheduled To Be Held On November 12, 2026, To Consider And Approve The Unaudited Standalone And Consolidated Financial Statements For The Quarter / Half-Year Ended 30.09.2026
- Board meets November 12, 2026 to approve Q2/H1 results and consider company name change.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Submitted Regulation 74(5) certificate for quarter ended 30 September 2026; no rematerialisation requests.
-
Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
- 22nd AGM resolutions passed on September 25, 2026, including audited statements and two director reappointments.
- Closure of Trading Window
Annual reports
-
Annual Report 2026
from bse
-
Annual Report 2025
from bse
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]