Shree Ajit Pulp & Paper (SAPPL)₹332.00+2.04%Paper & Paper Products
In the Jun 2026 quarter (consolidated), Shree Ajit Pulp & Paper reported sales of ₹201 Cr, up 13.7% from Jun 2025, and net profit of ₹18.93 Cr, up 171.2% year on year. For the year to Mar 2026, sales were ₹702 Cr and net profit ₹29.90 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 68.05 | 43.04 | 107 | 118 | 111 | 121 | 155 | 177 | 172 | 177 | 175 | 201 |
| Expenses | 62.96 | 37.96 | 102 | 107 | 101 | 108 | 137 | 154 | 152 | 154 | 148 | 165 |
| Operating Profit | 4.99 | 4.99 | 4.99 | 10.99 | 10.01 | 12.99 | 18.01 | 22.99 | 20.99 | 23.01 | 26.01 | 35.98 |
| OPM % | 7.0% | 11.9% | 5.0% | 8.9% | 8.9% | 9.9% | 11.0% | 12.9% | 11.9% | 13.0% | 15.0% | 17.9% |
| Other Income | 0.00 | 0.00 | 6.01 | 0.00 | 0.00 | 0.00 | 2.01 | 0.00 | 0.00 | 0.00 | 2.01 | 1.01 |
| Interest | 1.01 | 0.99 | 4.99 | 4.99 | 4.99 | 5.99 | 7.99 | 7.99 | 6.99 | 6.99 | 11.99 | 7.99 |
| Depreciation | 2.01 | 2.01 | 4.01 | 4.01 | 4.01 | 4.01 | 5.01 | 5.02 | 5.01 | 5.01 | 5.02 | 5.02 |
| Profit before tax | 1.99 | 1.99 | 2.99 | 2.99 | 1.99 | 2.99 | 6.98 | 9.98 | 8.97 | 10.97 | 11.96 | 23.94 |
| Tax % | 53.0% | 29.0% | 3.0% | 25.9% | 26.0% | 25.9% | 33.0% | 31.0% | 32.0% | 32.0% | 21.0% | 24.0% |
| Net Profit | 0.99 | 1.99 | 2.99 | 1.99 | 0.99 | 1.99 | 4.98 | 6.98 | 5.98 | 7.98 | 9.97 | 18.93 |
| EPS (Rs) | 1.27 | 1.78 | 3.19 | 2.45 | 1.55 | 2.09 | 5.09 | 7.94 | 6.55 | 8.45 | 10.78 | 20.80 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 237 | 209 | 249 | 270 | 240 | 267 | 418 | 372 | 295 | 506 | 702 | 726 |
| Expenses | 209 | 190 | 226 | 225 | 206 | 222 | 375 | 342 | 273 | 454 | 606 | 618 |
| Operating Profit | 27.99 | 18.99 | 23.99 | 44.02 | 33.99 | 45.02 | 43.01 | 29.01 | 20.99 | 51.02 | 94.02 | 106 |
| OPM % | 12.0% | 9.0% | 9.9% | 16.0% | 13.9% | 17.0% | 10.0% | 7.9% | 7.0% | 10.0% | 13.0% | 14.6% |
| Other Income | 0.00 | 0.00 | 0.00 | 1.01 | 1.01 | 1.01 | 1.01 | 10.01 | 7.01 | 2.01 | 3.01 | 3.02 |
| Interest | 4.99 | 4.01 | 5.99 | 5.01 | 3.99 | 3.99 | 5.01 | 5.99 | 6.99 | 22.99 | 33.99 | 33.96 |
| Depreciation | 5.01 | 5.02 | 6.02 | 7.03 | 8.03 | 8.02 | 7.02 | 7.02 | 9.02 | 16.04 | 20.07 | 20.06 |
| Profit before tax | 17.95 | 8.98 | 10.98 | 32.92 | 22.93 | 33.91 | 31.93 | 24.94 | 10.97 | 13.96 | 41.87 | 55.84 |
| Tax % | 34.0% | 29.0% | 32.0% | 28.0% | 14.9% | 29.9% | 32.0% | 18.0% | 27.0% | 33.0% | 29.0% | — |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.01 | 0.00 | 0.00 | — |
| Net Profit | 11.95 | 5.98 | 7.97 | 23.93 | 19.94 | 23.91 | 21.91 | 20.91 | 7.98 | 8.96 | 29.90 | 42.86 |
| EPS (Rs) | 13.21 | 7.23 | 8.61 | 26.86 | 22.33 | 26.92 | 24.24 | 23.23 | 9.25 | 10.57 | 33.71 | 46.58 |
| Dividend payout % | 3.0% | 6.0% | 5.0% | 2.0% | 2.0% | 2.0% | 2.0% | 3.0% | 0.0% | 0.0% | 0.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4.99 | 4.99 | 4.99 | 4.99 | 4.99 | 4.99 | 4.99 | 4.99 | 4.99 | 7.99 | 8.98 | 8.99 |
| Reserves | 70.18 | 81.21 | 88.19 | 95.25 | 118 | 138 | 161 | 182 | 203 | 221 | 239 | 269 |
| Borrowings | 41.02 | 33.03 | 44.01 | 51.06 | 36.02 | 30.04 | 24.01 | 46.04 | 169 | 226 | 285 | 256 |
| Other Liabilities | 32.84 | 37.81 | 35.87 | 35.89 | 39.81 | 36.85 | 53.74 | 47.77 | 50.75 | 62.70 | 66.69 | 81.60 |
| Total Liabilities | 149 | 157 | 173 | 187 | 199 | 210 | 245 | 282 | 429 | 516 | 600 | 616 |
| Fixed Assets | 91.12 | 91.12 | 89.16 | 111 | 127 | 134 | 129 | 128 | 140 | 295 | 409 | 390 |
| CWIP | 2.99 | 0.99 | 5.99 | 1.99 | 2.99 | 2.99 | 0.99 | 2.99 | 139 | 43.92 | 0.00 | 0.99 |
| Investments | 0.00 | 0.00 | 5.01 | 5.01 | 7.99 | 8.01 | 7.01 | 3.99 | 12.99 | 0.00 | 0.00 | 3.01 |
| Other Assets | 53.92 | 64.93 | 72.90 | 68.90 | 61.85 | 64.87 | 108 | 147 | 136 | 179 | 192 | 223 |
| Inventories | 20.02 | 17.01 | 20.99 | 22.01 | 22.99 | 18.01 | 30.99 | 51.99 | 53.98 | 55.01 | 68.01 | 71.06 |
| Trade receivables | 25.99 | 39.93 | 31.98 | 40.92 | 30.98 | 33.98 | 41.96 | 55.93 | 40.95 | 53.92 | 77.90 | 99.95 |
| Cash & equivalents | 0.99 | 0.99 | 0.99 | 1.99 | 1.99 | 9.97 | 24.92 | 17.94 | 2.99 | 1.99 | 15.96 | 3.99 |
| Total Assets | 149 | 157 | 173 | 187 | 199 | 210 | 245 | 282 | 429 | 516 | 600 | 616 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 16.05 | 17.04 | 14.05 | 18.05 | 45.12 | 32.09 | 25.06 | −7.02 | 21.08 | 19.06 | 8.02 | 63.19 |
| Cash from investing activity | −9.01 | −4.01 | −27.04 | −18.03 | −24.04 | −14.02 | 0.00 | −15.03 | −146 | −87.08 | −46.04 | −8.01 |
| Cash from financing activity | −8.01 | −13.01 | 13.02 | 1.01 | −21.01 | −10.01 | −10.02 | 16.01 | 110 | 66.07 | 48.04 | −63.03 |
| Net cash flow | −1.01 | 0.00 | 0.00 | 0.00 | 0.00 | 8.01 | 14.99 | −6.99 | −14.99 | −1.99 | 10.01 | −9.01 |
| Capex | 8.77 | 3.85 | 26.75 | 18.38 | 21.80 | 13.87 | 0.05 | 16.36 | 163 | 97.39 | 47.04 | 5.16 |
| Free cash flow | 7.01 | 13.01 | −11.99 | 0.00 | 23.01 | 18.01 | 24.98 | −23.99 | −125 | −75.96 | −38.99 | 57.95 |
| CFO / OP % | 94.0% | 72.1% | 91.1% | 82.0% | 120.0% | 107.0% | 77.1% | 7.0% | 89.0% | 110.1% | 19.0% | 75.1% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 46 | 61 | 55 | 60 | 43 | 51 | 58 | 49 | 41 | 66 | 57 | 52 |
| Inventory days | 57 | 43 | 58 | 51 | 57 | 54 | 79 | 74 | 85 | 119 | 81 | 61 |
| Days payable | 36 | 40 | 45 | 35 | 40 | 42 | 57 | 32 | 33 | 76 | 38 | 30 |
| Cash conversion cycle | 67 | 64 | 68 | 76 | 59 | 63 | 80 | 91 | 92 | 109 | 99 | 83 |
| Working capital days | 8 | 31 | 19 | 22 | 28 | 38 | 44 | 40 | 49 | 29 | 21 | 57 |
| ROCE % | 13.0% | 19.0% | 10.0% | 12.1% | 25.0% | 17.0% | 21.1% | 17.0% | 10.1% | 3.0% | 7.0% | 14.0% |
For the Jun 2026 quarter, Shree Ajit Pulp & Paper reported sales of ₹201 Cr, up 13.7% year on year and net profit of ₹18.93 Cr, up 171.2% year on year. The operating margin was 17.9%.
Shree Ajit Pulp & Paper's sales for the year to Mar 2026 were ₹702 Cr; over the last twelve months they were ₹726 Cr.
Net profit for the year to Mar 2026 was ₹29.90 Cr, and ₹42.86 Cr over the last twelve months. Earnings per share over the same trailing period were ₹46.58.
Shree Ajit Pulp & Paper reported borrowings of ₹256 Cr at Mar 2026, against cash and equivalents of ₹3.99 Cr.
Cash from operations was ₹63.19 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹57.95 Cr.