Subam Papers Ltd

Subam Papers Ltd

₹ 222 2.26%
21 Nov 2:56 p.m.
About

Incorporated in October 2006, Subam Papers Limited is a manufacturer of Kraft Paper and paper products. [1]

Key Points

Product Portfolio - Application
1. Kraft Paper [1]
- Usage: Corrugated boxes, online retail packaging, carry bags, wrapping, and protective packaging.

  1. Duplex Board [2]
  2. Usage: Mono cartons, small boxes, notebook covers, invitations, matchboxes, carry bags, online retail packaging, writing, and printing paper.

  3. Corrugated Boxes [2]

  4. Usage: Corrugated boxes and packaging materials.

  5. Paper Cones [3]

  6. Usage: Yarn winding, thread storage, tape rolls, wire and cable, packaging, protective packaging, confectionery, and arts and crafts.

  7. Paper Tubes and Cores [3]

  8. Usage: Packaging, industrial winding, textile storage, and cores for consumer goods like paper towels and tapes.
  • 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.

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Half Yearly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2024 Mar 2025 Sep 2025
270 269 297
230 243 270
Operating Profit 39 27 28
OPM % 15% 10% 9%
1 6 2
Interest 9 11 9
Depreciation 8 9 8
Profit before tax 24 13 13
Tax % 29% 24% 9%
18 9 12
EPS in Rs 10.26 3.96 5.63
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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%

Shareholding Pattern

Numbers in percentages

2 Recently
Oct 2024Mar 2025Sep 2025
69.67% 69.67% 69.72%
6.13% 2.31% 1.32%
5.06% 3.66% 3.05%
19.14% 24.37% 25.90%
No. of Shareholders 3,4271,9191,682

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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