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Subam Papers (BSE 544267)₹212.050.00%Packaging
In the Jun 2026 quarter (consolidated), Subam Papers reported sales of ₹171 Cr, up 16.4% from Jun 2025, and net profit of −₹0.51 Cr, down 112.4% year on year. For the year to Mar 2026, sales were ₹584 Cr and net profit ₹8.99 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|
| Sales | 135 | 147 | 153 | 145 | 141 | 171 |
| Expenses | 122 | 135 | 142 | 137 | 133 | 159 |
| Operating Profit | 13.36 | 12.51 | 11.39 | 8.39 | 8.71 | 12.88 |
| OPM % | 9.9% | 8.5% | 7.4% | 5.8% | 6.2% | 7.5% |
| Other Income | 2.84 | 0.62 | 1.88 | 0.60 | −1.40 | 0.65 |
| Interest | 5.60 | 4.33 | 5.27 | 4.55 | 3.88 | 4.18 |
| Depreciation | 4.30 | 4.49 | 4.05 | 4.30 | 6.68 | 6.54 |
| Profit before tax | 6.35 | 4.34 | 3.99 | 0.17 | −3.22 | 2.84 |
| Tax % | 24.3% | 11.8% | −39.0% | 381.2% | 2.5% | 136.0% |
| Net Profit | 4.60 | 4.10 | 5.77 | −0.50 | −2.45 | −0.51 |
| EPS (Rs) | 1.99 | 2.00 | 2.56 | 0.07 | −0.89 | −0.14 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Sales | 243 | 268 | 329 | 507 | 493 | 539 | 584 | 611 |
| Expenses | 214 | 221 | 291 | 482 | 425 | 474 | 541 | 572 |
| Operating Profit | 30.99 | 47.99 | 38.99 | 27.97 | 69.90 | 65.97 | 44.97 | 41.37 |
| OPM % | 13.0% | 18.0% | 12.0% | 6.0% | 14.0% | 12.0% | 8.0% | 6.8% |
| Other Income | 8.01 | −8.01 | 5.01 | 6.01 | 6.01 | 7.01 | 1.01 | 1.73 |
| Interest | 0.00 | 2.01 | 3.01 | 15.04 | 18.05 | 20.07 | 17.05 | 17.88 |
| Depreciation | 8.01 | 8.01 | 7.02 | 16.01 | 13.02 | 16.03 | 19.04 | 21.57 |
| Profit before tax | 30.05 | 29.09 | 34.09 | 4.01 | 45.12 | 37.11 | 10.03 | 3.78 |
| Tax % | 28.0% | 25.0% | 27.0% | 119.0% | 27.0% | 27.0% | 19.0% | — |
| Exceptional items | 0.00 | −8.98 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
| Net Profit | 23.01 | 22.98 | 25.99 | 0.00 | 33.01 | 26.98 | 8.99 | 2.31 |
| EPS (Rs) | 142.44 | 139.23 | 160.31 | −1.67 | 206.07 | 11.52 | 3.93 | 1.60 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 23.00 | 27.01 |
| Reserves | 116 | 138 | 164 | 164 | 197 | 297 | 371 |
| Borrowings | 25.00 | 12.00 | 156 | 163 | 183 | 164 | 169 |
| Other Liabilities | 36.83 | 42.80 | 72.65 | 85.58 | 77.63 | 93.54 | 143 |
| Total Liabilities | 180 | 194 | 394 | 413 | 459 | 577 | 710 |
| Fixed Assets | 37.92 | 30.94 | 128 | 220 | 228 | 244 | 361 |
| CWIP | 0.00 | 8.01 | 42.03 | 0.00 | 21.99 | 41.01 | 34.02 |
| Investments | 8.01 | 9.02 | 9.02 | 10.02 | 10.01 | 14.02 | 11.02 |
| Other Assets | 133 | 146 | 215 | 185 | 200 | 279 | 305 |
| Inventories | 10.98 | 23.97 | 55.90 | 41.94 | 56.93 | 51.88 | 98.85 |
| Trade receivables | 61.77 | 61.84 | 88.76 | 94.72 | 111 | 138 | 137 |
| Cash & equivalents | 9.02 | 5.01 | 8.02 | 8.02 | 11.03 | 37.09 | 2.01 |
| Total Assets | 180 | 194 | 394 | 413 | 459 | 577 | 710 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from operating activity | 19.95 | 31.90 | −2.99 | 68.74 | 41.83 | 31.88 | 34.87 |
| Cash from investing activity | −6.99 | −28.01 | −134 | −59.96 | −40.01 | −61.01 | −87.98 |
| Cash from financing activity | −8.99 | −6.99 | 140 | −8.99 | 0.99 | 54.94 | 50.92 |
| Net cash flow | 4.99 | −2.99 | 1.99 | 0.00 | 2.99 | 25.99 | −0.99 |
| Capex | 3.01 | 9.02 | 134 | 66.12 | 44.08 | 51.14 | 116 |
| Free cash flow | 17.03 | 23.01 | −137 | 3.01 | −1.01 | −18.02 | −81.02 |
| CFO / OP % | 96.9% | 84.0% | 9.9% | 242.9% | 70.9% | 57.0% | 74.9% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor days | 93 | 83 | 97 | 67 | 81 | 92 | 84 |
| Inventory days | 31 | 60 | 98 | 44 | 87 | 67 | 76 |
| Days payable | 59 | 64 | 94 | 71 | 77 | 67 | 64 |
| Cash conversion cycle | 67 | 82 | 104 | 42 | 93 | 95 | 99 |
| Working capital days | 103 | 91 | 61 | 17 | 16 | 48 | 39 |
| ROCE % | — | 28.9% | 16.0% | 6.0% | 18.0% | 12.9% | 5.0% |
For the Jun 2026 quarter, Subam Papers reported sales of ₹171 Cr, up 16.4% year on year and net profit of −₹0.51 Cr, down 112.4% year on year. The operating margin was 7.5%.
Subam Papers' sales for the year to Mar 2026 were ₹584 Cr; over the last twelve months they were ₹611 Cr.
Net profit for the year to Mar 2026 was ₹8.99 Cr, and ₹2.31 Cr over the last twelve months. Earnings per share over the same trailing period were ₹1.60.
Subam Papers reported borrowings of ₹169 Cr at Mar 2026, against cash and equivalents of ₹2.01 Cr.
Cash from operations was ₹34.87 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹81.02 Cr.