Subam Papers Ltd
Incorporated in October 2006, Subam Papers Limited is a manufacturer of Kraft Paper and paper products. [1]
- Market Cap ₹ 585 Cr.
- Current Price ₹ 213
- High / Low ₹ 244 / 70.8
- Stock P/E 54.3
- Book Value ₹ 145
- Dividend Yield 0.00 %
- ROCE 5.02 %
- ROE 3.00 %
- Face Value ₹ 10.0
Pros
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%
- Company has a low return on equity of 8.34% 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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 243 | 268 | 329 | 508 | 494 | 539 | 584 | |
| 213 | 220 | 290 | 480 | 427 | 473 | 539 | |
| Operating Profit | 31 | 48 | 39 | 28 | 67 | 66 | 45 |
| OPM % | 13% | 18% | 12% | 6% | 14% | 12% | 8% |
| 8 | -8 | 5 | 6 | 2 | 7 | 1 | |
| Interest | 0 | 2 | 3 | 15 | 18 | 20 | 17 |
| Depreciation | 8 | 8 | 7 | 16 | 13 | 16 | 19 |
| Profit before tax | 30 | 29 | 34 | 4 | 39 | 37 | 10 |
| Tax % | 28% | 25% | 27% | 119% | 27% | 27% | 19% |
| 23 | 23 | 26 | -0 | 29 | 27 | 9 | |
| EPS in Rs | 142.10 | 138.78 | 159.73 | -1.66 | 176.02 | 11.49 | 3.92 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 17% |
| 3 Years: | 5% |
| TTM: | 8% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -19% |
| 3 Years: | 187% |
| TTM: | -60% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 139% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 8% |
| 3 Years: | 8% |
| Last Year: | 3% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 2 | 2 | 23 | 27 |
| Reserves | 116 | 138 | 164 | 164 | 198 | 297 | 371 |
| 25 | 12 | 156 | 163 | 183 | 164 | 169 | |
| 37 | 43 | 73 | 86 | 78 | 94 | 144 | |
| Total Liabilities | 180 | 194 | 394 | 414 | 461 | 578 | 711 |
| 38 | 31 | 128 | 220 | 228 | 244 | 361 | |
| CWIP | 0 | 8 | 42 | 0 | 22 | 41 | 34 |
| Investments | 8 | 9 | 9 | 10 | 10 | 14 | 11 |
| 133 | 146 | 215 | 185 | 201 | 279 | 305 | |
| Total Assets | 180 | 194 | 394 | 414 | 461 | 578 | 711 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 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 | |
| Free Cash Flow | 17 | 23 | -137 | 3 | -3 | -18 | |
| CFO/OP | 97% | 84% | 10% | 243% | 68% | 57% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 94 | 84 | 98 | 68 | 82 | 93 | 85 |
| Inventory Days | 31 | 60 | 98 | 44 | 87 | 67 | 76 |
| Days Payable | 59 | 64 | 94 | 71 | 77 | 67 | 64 |
| Cash Conversion Cycle | 66 | 81 | 103 | 41 | 92 | 94 | 98 |
| Working Capital Days | 104 | 92 | 62 | 18 | 18 | 49 | 40 |
| ROCE % | 29% | 16% | 6% | 16% | 13% | 5% |
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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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
2d - 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
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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]