Saffron Industries Limited

BSE: SAFFRON531436ISIN INE474D01013

Commodities
Paper & Paper Products

Share price

₹20.77+0.08 (+0.39%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹104.13
52W low: ₹20.45
Off 52W high: -80.05%
1M return: -10.36%
3M return: -24.31%
6M return: -34.52%
1Y return: -78.01%
20D avg volume: 2,682
50 DMA: ₹24.32
200 DMA: ₹28.47

Key ratios Standalone

Market cap: ₹14.92 Cr
Current price: ₹20.77
52W high / low: ₹104.13 / ₹20.45
Face value: ₹10.00
P/E: 8.73
P/B: -1.14
EPS (TTM): ₹2.38
Book value / share: —
ROE: -13.03%
ROCE: -38.50%
Operating margin: 11.43%
Net margin: 11.43%
Debt / equity: -0.24
Net debt: ₹1.39 Cr
Interest cover: 2.64
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: 151.7 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24
Income statement
	—	1.06	1.43	1.52	0.81	3.10	3.38	2.48	0.46	—	—
	—	0.01	0.02	0.01	0.00	0.01	0.01	0.01	0.01	0.01	—
	—	1.07	1.45	1.53	0.81	3.10	3.39	2.49	0.46	0.01	—
	—	0.95	0.94	0.69	0.57	3.20	0.47	2.06	0.64	0.36	—
	—	0.00	0.00	0.00	0.00	0.00	0.00	0.15	—	—	—
	—	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	—	0.21	0.32	0.24	0.23	0.23	0.23	0.19	0.22	0.20	—
	—	0.00	0.21	0.00	0.00	0.00	0.00	0.00	—	0.00	—
	—	0.00	0.00	0.00	0.30	1.95	1.08	0.31	0.31	0.31	—
	—	0.88	0.41	0.53	0.74	0.64	1.07	0.84	0.44	0.48	—
	—	0.12	0.51	0.84	0.24	-0.09	2.91	0.43	-0.18	-0.36	—
	—	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	—	0.12	0.51	0.84	0.24	-0.09	2.91	0.43	-0.18	-0.36	—
	—	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	—	0.12	0.51	0.84	0.24	-0.09	2.91	0.43	-0.18	-0.36	—
	—	0.17	0.71	1.16	0.33	0.00	4.05	0.60	—	—	—
Key metrics
	—	0.12	0.72	0.84	0.54	1.86	3.99	0.74	0.13	-0.05	—
	—	11.30%	50.30%	55.30%	66.70%	60.00%	118.00%	29.80%	28.30%	-500.00%	—
	—	11.30%	35.70%	55.30%	29.60%	-2.90%	86.10%	17.30%	-39.10%	-3,600.00%	—
	—	—	-11.50%	—	-3.40%	—	139.90%	—	—	—	—
	—	-65.80%	-57.70%	-38.70%	76.10%	30,900.00%	—	—	—	—	—
	—	233.30%	-82.50%	95.30%	233.30%	75.00%	—	—	—	—	—

Metric	FY26	FY25	FY24
Income statement
	6.86	6.32	—
	0.03	0.03	—
	6.90	6.35	—
	5.40	3.54	—
	0.00	0.15	—
	0.00	0.00	—
	-0.08	0.83	—
	0.91	0.00	—
	2.25	2.00	—
	2.32	2.82	—
	1.49	2.81	—
	0.00	0.00	—
	1.49	2.81	—
	-0.08	0.00	—
	1.57	2.81	—
	2.19	3.91	—
Key metrics
	4.65	4.81	—
	67.80%	76.10%	—
	22.90%	44.50%	—
	-38.50%	135.10%	—
	8.50%	—	—
	-44.10%	—	—
	9.63	5.10	—
	6.13	1.81	—
	-0.24	-1.21	—
	1.39	11.52	—
	151.7	310.1	—
Balance sheet
	11.97	12.53	—
	11.37	9.29	—
	0.57	0.32	—
	1.74	0.09	—
	7.05	6.97	—
	2.01	—	—
	0.01	2.76	—
	5.94	1.69	—
	18.21	10.45	—
	1.96	11.84	—
	0.00	0.00	—
	1.96	11.84	—
	-8.19	-9.77	—
Cash flow
	9.63	5.10	—
	0.53	0.03	—
	-9.89	-5.14	—
	0.00	0.00	—

Compounded growth

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): —
Profit YoY (TTM): —

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 60.52%

Quarter	September 2026	June 2026
Promoter %	60.52%	60.48%

Holder	Type	Holding	Previous	Change
NIMISH VINOD MAHESHWARI	Promoter	18.34%	18.34%	0.00%
VINOD RAMGOPAL MAHESHWARI	Promoter	14.90%	14.90%	0.00%
SHRIRANGA VINOD MAHESHWARI	Promoter	11.02%	10.98%	+0.04%
MADHYADESH CONSTRUCTION AND FINANCE PVT	Promoter Group	6.35%	6.35%	0.00%
NAVA BHARAT PRESS NAGPUR PVT LTD	Promoter Group	5.17%	—	—
RAJU BHANDARI	Public	4.81%	4.81%	0.00%
MAHENDRA GIRDHARILAL WADHWANI	Public	2.81%	2.81%	0.00%
MADHYADESH HOLDINGS PVT LTD	Promoter Group	1.86%	1.86%	0.00%
NAVA BHARAT PRESS LTD	Promoter Group	1.40%	1.40%	0.00%
ANUPAMA NIMISH MAHESHWARI	Promoter	1.31%	1.31%	0.00%
VINEETA JAJU	Promoter	0.12%	0.12%	0.00%
VAIBHAV N MAHESHWARI	Promoter	0.03%	0.03%	0.00%
MADHYADESH PRESS PVT LTD	Promoter Group	0.01%	0.01%	0.00%
SHUBHA MAHESHWARI	Promoter	0.01%	0.01%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
JK Paper Ltd.	6,688	368.85	18.76	7.10%	+12.02% TTM	+16.59% TTM	-4.54%
West Coast Paper Mills Limited	5,479	829.60	23.09	5.90%	+8.20% TTM	-13.51% TTM	+84.11%
Seshasayee Paper & Boards Ltd.	1,361	215.85	11.45	4.50%	+18.52% TTM	+45.83% TTM	-16.32%
ANDHRA PAPER LIMITED S	1,271	63.90	47.22	2.00%	+14.01% TTM	+153.82% TTM	-18.07%
N.R.Agarwal Industries Ltd. S	1,152	676.65	12.18	8.00%	+33.54% TTM	+350.45% TTM	+43.48%
Tamil Nadu Newsprint And Papers Ltd S	968	139.85	3.71	6.80%	+2.88% TTM	+1,119.58% TTM	-8.53%
Pudumjee Paper Products Limited S	832	87.63	8.59	16.60%	+5.99% TTM	+5.76% TTM	-25.83%
Emami Paper Mills Ltd. S	711	117.50	5.40	13.90%	+16.70% TTM	+610.59% TTM	+20.08%
SATIA INDUSTRIES LIMITED S	660	65.99	-84.60	4.00%	-2.75% TTM	-107.88% TTM	-13.26%
Kuantum Papers Limited S	567	65.00	17.43	5.10%	+11.75% TTM	-49.81% TTM	-37.05%
Shree Rama Newsprint Limited S	395	26.75	-5.74	0.90%	-20.68% TTM	+35.34% TTM	-5.54%
PAKKA LIMITED S	336	70.48	15.19	3.90%	+23.23% TTM	-27.40% TTM	-49.85%
Orient Paper & Industries Ltd. S	322	15.17	-4.53	-4.40%	-0.07% TTM	-398.60% TTM	-40.16%
Ruchira Papers Ltd S	303	101.61	9.21	10.60%	-1.26% TTM	-52.67% TTM	-23.17%
Shree Ajit Pulp And Paper Ltd	292	330.00	7.07	14.70%	+28.47% TTM	+179.60% TTM	+24.98%
GENUS PAPER & BOARDS LIMITED S	268	10.42	16.28	6.60%	-1.31% TTM	+24.12% TTM	-35.68%
Star Paper Mills Ltd. S	223	143.00	7.21	4.50%	-2.69% TTM	-22.70% TTM	-12.94%
South India Paper Mills Ltd. S	218	116.45	13.39	10.60%	+13.49% TTM	+1,006.11% TTM	+45.09%
Shreyans Industries Limited. S	173	125.15	-12.33	2.40%	-0.87% TTM	-126.05% TTM	-43.11%
MAGNUM VENTURES LIMITED S	125	18.20	-82.73	2.10%	+12.14% TTM	-134.10% TTM	-26.32%
Shree Krishna Paper Mills & Industr S	98	85.00	4.61	37.80%	+23.59% TTM	+1,008.44% TTM	-1.81%
Ganga Papers India Ltd S	97	90.30	54.40	13.90%	+19.49% TTM	+16.88% TTM	+3.14%
S.V.J.ENTERPRISES LIMITED S	97	174.50	133.21	7.20%	—	—	-49.69%
NATH INDUSTRIES LIMITED S	93	49.11	13.87	5.80%	+17.55% TTM	-48.82% TTM	-33.28%
Malu Paper Mills Limited S	53	31.00	-13.14	60.60%	+38.29% TTM	+77.95% TTM	-19.81%
Saffron Industries Limited S	15	20.77	8.73	-38.50%	—	—	-78.01%

Filings & corporate actions

Recent announcements

This is to inform you that pursuant to Regulation 33 of SEBI(Listing Obligations and Disclosure Requirements) Regulations,2015, the Board of Directors, at its meeting held on Tuesday, 03 ....3 Nov 2026 · Result / Financial Results
Dear Sir/Madam, This is to inform you that pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors at its meeting ....3 Nov 2026 · Board Meeting / Outcome of Board Meeting
Saffron Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 03/11/2026 ,inter alia, to consider and approve Dear Sir/Madam, Notice ....27 Oct 2026 · Board Meeting / Board Meeting
Dear Sir, Please find enclosed herewith a Certificate issued under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations,2018, by Adroit Corporate Services Private Limited, ....6 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Dear Sir/ Madam, We wish to inform you that pursuant to the provisions of SEBI(Prohibition of Insider Trading) Regulations,2015, as amended, the trading window for dealing in the shares ....26 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Dear Sir, The Annual General Meeting of Saffron Industries Limited was held on Thursday, 24th September,2026 at 11.00 a.m. at Nava Bharat Bhavan, Near Chhatrapati Square, Wardha Road, ....26 Sep 2026 · AGM/EGM / AGM
Dear Sir/Madam, This is to inform you that 33rd Annual General Meeting (AGM) of the Company concluded at Nava-Bharat Bhavan, Chhatrapati Square, Wardha Road, Nagpur-440015. The proceedings ....24 Sep 2026 · AGM/EGM / AGM
This is to inform you that the 33rd Annual General Meeting (AGM) of the Company will be held on 24th September,2026 at 11:00 A.M. at the registered office of the Company. The Company is ....1 Sep 2026 · Company Update / General
The 33rd Annual General Meeting of the Members of the Company will be held on 24th September, 2026 at 11:00 AM at the Registered Office of the Company. Please find enclosed herewith the ....1 Sep 2026 · Others / Reg. 34 (1) Annual Report
The Board of Directors of the Company in meeting held on Thursday, 20th August, 2026 at the Registered office, approved and passed the following: 1. The Notice of AGM of the Company which ....20 Aug 2026 · Others / Outcome without intimation
This is to inform you that pursuant to Regulations 33 of SEBI (Listing Obligation and Disclosure Requirements ) Regulations,2015, the Board of Directors at its meeting held on Wednesday,29th ....29 Jul 2026 · Result / Financial Results
This is to inform you that pursuant to Regulation 33 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, the Board of Directors at its meeting held on Wednesday, ....29 Jul 2026 · Board Meeting / Outcome of Board Meeting
Saffron Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 29/07/2026 ,inter alia, to consider and approve Notice is hereby given pursuant ....25 Jul 2026 · Board Meeting / Board Meeting
Please find enclosed herewith a certificate issued under regulation 74(5) of SEBI (Depositaries & Participants) regulation,2018, by Adroit Corporate Services Private Limited, the Registrar ....8 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
This is to inform that the revised outcome of board meeting held on 30th May 2026 for audited financial statements for the financial year ended 31st March 2026 were duly approved by the ....3 Jul 2026 · Company Update / General
We wish to inform you that on recommendation of Nomination & Remuneration Committee, the Board of Directors of the Company, at its meeting held on 27 th June 2026 have inter alia, considered ....27 Jun 2026 · Company Update / Change in Management
Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Para A of Schedule III of said Regulations, we ....27 Jun 2026 · Others / Outcome without intimation
We wish to inform you that, on the Recommendation of the Nomination & Remuneration Committee, the Board of Directors of the Company, in its meeting held on 27th June 2026 have inter alia ....27 Jun 2026 · Company Update / Appointment of Company Secretary / Compliance Officer
We wish to inform you that pursuant to the provisions of SEBI (Prohibition of Insider Trading) Regulation,2015, as amended. The trading window for dealing in shares of the Company will ....27 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
This is to inform you that pursuant to Regulation 33 of SEBI (LODR) Regulations, 2015 the Board of directors at its meeting held today i.e. 30th May, 2026 have inter alia approved the following: 1. ....30 May 2026 · Result / Financial Results
1. Approved the Audited Financial Results (Standalone) for the quarter and year ended 31st March, 2026, as recommended by the Audit Committee together with the Report of Auditors on the ....30 May 2026 · Board Meeting / Outcome of Board Meeting
Submission of Annual Secretarial compliance report for Financial year ended 31st March 2026 is not applicable to the company as Paid up capital is Rs. 7,18,52,000 and Networth is Rs. (8,19,32,647) ....28 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Saffron Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/05/2026 ,inter alia, to consider and approve To consider, discuss and ....26 May 2026 · Board Meeting / Board Meeting
This is to inform you that Ms. Arti Murlidhar Hemnani, Company Secretary and the Compliance officer, has tendered her resignation from the said position due to personal reasons. The ....30 Apr 2026 · Company Update / Resignation of Company Secretary / Compliance Officer
This is to inform you that Ms. Arti Murlidhar Hemnani, Company Secretary and the Compliance Officer, has tendered her resignation from the said position with effect from working hours of ....30 Apr 2026 · Company Update / Change in Management
This is to inform you that there is no material information, event, or announcement (including any impending announcement), in terms of Regulation 30 of SEBI (LODR) Regulations, 2015, which ....17 Apr 2026 · Company Update / General
The Exchange has sought clarification from Saffron Industries Ltd on April 10, 2026 with reference to significant movement in price, in order to ensure that investors have latest relevant ....10 Apr 2026 · Company Update / Clarification
Please find enclosed herewith a certificate issued under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, by Adroit Corporate Services, the Registrar and Share ....7 Apr 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
This is to inform you that pursuant to the provisions of SEBI (PIT) Regulations, 2015, as amended, the trading window for dealing in the shares of the Company will remain closed from 1st ....28 Mar 2026 · Insider Trading / SAST / Closure of Trading Window
This is to inform you that the Extraordinary General Meeting of the Company was held on 12th February 2026, at 11:00 AM at the registered office of the Company. Pursuant to Regulation ....13 Feb 2026 · AGM/EGM / EGM
This is to inform you that the Extra-ordinary General meeting of the Company concluded today, i.e. 12th February, 2026 at the registered office of the Company. The proceedings of the said ....12 Feb 2026 · AGM/EGM / EGM
This is to inform you that the Board of Directors of Saffron Industries Limited, at its meeting held on 11th February, 2026, has inter alia considered, discussed and approved the unaudited ....11 Feb 2026 · Result / Financial Results
This is to inform you that the Board of Directors of Saffron Industries Limited ('the Company') at its meeting held on 11th February, 2026 has inter-alia considered, discussed and approved ....11 Feb 2026 · Board Meeting / Outcome of Board Meeting
Saffron Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 11/02/2026 ,inter alia, to consider and approve Notice is hereby given pursuant ....5 Feb 2026 · Board Meeting / Board Meeting
This is to inform you that the Extra- Ordinary General Meeting (EGM) of the Company will be held on Thursday, February 12, 2026 at 11:00 AM at the Registered Office of the Company. The ....16 Jan 2026 · AGM/EGM / EGM
We wish to inform you that pursuant to the provisions of SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended, the Trading Window for dealing in the shares of the Company ....8 Jan 2026 · Insider Trading / SAST / Closure of Trading Window
Please find enclosed herewith a Certificate issued under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, by Adroit Corporate Services Private Limited, the Registrar ....8 Jan 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
This is to inform you that Board of Directors of the Company at the meeting held today i.e 6th January, 2026 have inter alia approved the re-appointment of Mr. Manoj Rameshwar Sinha (DIN: ....6 Jan 2026 · Company Update / Change in Management
Pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations'), ....6 Jan 2026 · Others / Outcome without intimation
This is to inform you that the Annual report of the Company for the Financial year 2024-25 was inadvertently submitted under the wrong tab on the BSE Listing Centre. We''re now submitting ....17 Nov 2025 · Others / Reg. 34 (1) Annual Report

Board meetings

3 Nov 2026 Board Meeting - Financial Results
29 Jul 2026 Board Meeting - Financial Results