Subam Papers Ltd
Incorporated in October 2006, Subam Papers Limited is a manufacturer of Kraft Paper and paper products. [1]
- Market Cap ₹ 391 Cr.
- Current Price ₹ 168
- High / Low ₹ 230 / 70.8
- Stock P/E 17.5
- Book Value ₹ 143
- Dividend Yield 0.00 %
- ROCE 13.1 %
- ROE 10.3 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.17 times its book value
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
Quarterly 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 | |
|---|---|---|---|---|---|---|
| 243 | 268 | 329 | 508 | 494 | 539 | |
| 213 | 220 | 290 | 480 | 427 | 473 | |
| Operating Profit | 31 | 48 | 39 | 28 | 67 | 66 |
| OPM % | 13% | 18% | 12% | 6% | 14% | 12% |
| 8 | -8 | 5 | 6 | 2 | 7 | |
| Interest | 0 | 2 | 3 | 15 | 18 | 20 |
| Depreciation | 8 | 8 | 7 | 16 | 13 | 16 |
| Profit before tax | 30 | 29 | 34 | 4 | 39 | 37 |
| Tax % | 28% | 25% | 27% | 119% | 27% | 27% |
| 23 | 23 | 26 | -0 | 29 | 27 | |
| EPS in Rs | 142.10 | 138.78 | 159.73 | -1.66 | 176.02 | 11.49 |
| 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: | 70% |
| 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% |
Insights
In beta| Mar 2025 | Mar 2026 | |
|---|---|---|
| Installed Production Capacity (Consolidated) Metric Tons Per Day (MTPD) |
|
|
| Captive Energy Capacity: Solar Power MW ・Standalone data |
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| Captive Energy Capacity: Wind Energy MW ・Standalone data |
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| 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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Documents
Announcements
-
Announcement Under Regulation 30 (LODR)- Listing Approval
6 Mar - Announcement under Regulation 30(LODR)- Receipt of Listing Approval from Stock Exchange for Issue and Allotment of Equity Shares on preferential basis
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Announcement under Regulation 30 (LODR)-Newspaper Publication
27 Feb - Publication of Unaudited Financila Result for the period Quarter ended 31/12/2025 with Newspaper
- Submission Of Unaudited Standalone And Consolidated Financial Statements Along With Limited Review Report For The Quarter Ended 31 St December, 2025 Under Regulation 30 And 33 Of SEBI (LODR) Regulations, 2015 25 Feb
-
Board Meeting Intimation for Meeting Of The Board Of The Company Is Scheduled To Be Held On February 25, 2026
20 Feb - Board meeting on Feb 25, 2026 to approve unaudited Q3 (Dec 31, 2025) standalone and consolidated financials.
-
Closure of Trading Window
4 Feb - Trading window closed Feb 04, 2026 until 48 hours after unaudited Oct 1–Dec 31, 2025 results.
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]