Subam Papers Ltd
Incorporated in October 2006, Subam Papers Limited is a manufacturer of Kraft Paper and paper products. [1]
- Market Cap ₹ 516 Cr.
- Current Price ₹ 222
- High / Low ₹ 226 / 70.8
- Stock P/E 23.2
- Book Value ₹ 143
- Dividend Yield 0.00 %
- ROCE 13.1 %
- ROE 10.3 %
- Face Value ₹ 10.0
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 9.14% 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 243 | 268 | 329 | 508 | 494 | 539 | 567 | |
| 213 | 220 | 290 | 480 | 427 | 473 | 512 | |
| Operating Profit | 31 | 48 | 39 | 28 | 67 | 66 | 54 |
| OPM % | 13% | 18% | 12% | 6% | 14% | 12% | 10% |
| 8 | -8 | 5 | 6 | 2 | 7 | 8 | |
| Interest | 0 | 2 | 3 | 15 | 18 | 20 | 20 |
| Depreciation | 8 | 8 | 7 | 16 | 13 | 16 | 17 |
| Profit before tax | 30 | 29 | 34 | 4 | 39 | 37 | 25 |
| Tax % | 28% | 25% | 27% | 119% | 27% | 27% | |
| 23 | 23 | 26 | -0 | 29 | 27 | 21 | |
| EPS in Rs | 142.10 | 138.78 | 159.73 | -1.66 | 176.02 | 11.49 | 9.59 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 17% |
| 3 Years: | 18% |
| TTM: | 9% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 3% |
| 3 Years: | 1% |
| TTM: | -9% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 74% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 9% |
| Last Year: | 10% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 2 | 2 | 23 | 23 |
| Reserves | 116 | 138 | 164 | 164 | 198 | 297 | 310 |
| 25 | 12 | 156 | 163 | 183 | 164 | 227 | |
| 37 | 43 | 73 | 86 | 78 | 94 | 103 | |
| Total Liabilities | 180 | 194 | 394 | 414 | 461 | 578 | 662 |
| 38 | 31 | 128 | 220 | 228 | 244 | 256 | |
| CWIP | 0 | 8 | 42 | 0 | 22 | 41 | 78 |
| Investments | 8 | 9 | 9 | 10 | 10 | 14 | 8 |
| 133 | 146 | 215 | 185 | 201 | 279 | 321 | |
| Total Assets | 180 | 194 | 394 | 414 | 461 | 578 | 662 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 20 | 32 | -3 | 69 | 38 | 32 | |
| -7 | -28 | -134 | -60 | -38 | -61 | |
| -9 | -7 | 140 | -9 | 3 | 55 | |
| Net Cash Flow | 5 | -3 | 2 | -0 | 3 | 26 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 94 | 84 | 98 | 68 | 82 | 93 |
| Inventory Days | 31 | 60 | 98 | 44 | 87 | 67 |
| Days Payable | 59 | 64 | 94 | 71 | 77 | 67 |
| Cash Conversion Cycle | 66 | 81 | 103 | 41 | 92 | 94 |
| Working Capital Days | 104 | 92 | 62 | 18 | 18 | 49 |
| ROCE % | 29% | 16% | 6% | 16% | 13% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
1d - Newspaper Advertisement for the upcoming Extra-Ordinary General Meeting of the Company
-
Disclosure under Regulation 30A of LODR
17 Nov - Subam Papers dispatched EGM notice on Nov 17, 2025 via email and physical letters.
-
Disclosure under Regulation 30A of LODR
17 Nov - EGM on December 10, 2025; cut-off December 3; e-voting Dec 7 9:00am–Dec 9 5:00pm.
- Shareholder Meeting- EGM On December 10, 2025 17 Nov
-
Board Meeting Outcome for Out Come Board Meeting 14.11.2025 Disclosure Under Regulation 30 And 33 Of The SEBI (LODR) Regulations, 2015, As Amended ('SEBI LODR Regulations')
14 Nov - Board approved 26,32,800 warrants and 44,09,600 shares at Rs152, raising Rs107.04 crore; EGM Dec 10, 2025.
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]