Shree Ajit Pulp And Paper Ltd

BSE: SAPPL538795ISIN INE185C01017

Commodities
Paper & Paper Products

Share price

₹330.000.00 (0.00%)

as of 4 Nov 2026

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

52W high: ₹386.95
52W low: ₹212.00
Off 52W high: -14.72%
1M return: +1.90%
3M return: +14.44%
6M return: +5.96%
1Y return: +24.98%
20D avg volume: 731
50 DMA: ₹301.06
200 DMA: ₹277.30

Key ratios Consolidated

Market cap: ₹292.07 Cr
Current price: ₹330.00
52W high / low: ₹386.95 / ₹212.00
Face value: ₹10.00
P/E: 7.07
P/B: 1.06
EPS (TTM): ₹46.68
Book value / share: ₹312.59
ROE: —
ROCE: 14.70%
Operating margin: —
Net margin: —
Debt / equity: 0.92
Net debt: ₹255.21 Cr
Interest cover: 2.23
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: 70.2 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	201.17	174.54	176.81	172.50	177.09	155.06	120.75	111.47	118.22	107.47	43.07	68.10
	0.96	2.42	0.11	0.09	0.13	1.57	0.04	0.05	0.24	5.65	0.04	0.24
	202.13	176.97	176.91	172.59	177.22	156.64	120.79	111.52	118.46	113.12	43.03	68.34
	177.86	164.73	165.80	164.00	166.95	149.87	118.28	109.66	115.50	110.19	40.91	66.07
	114.87	100.35	108.77	107.74	111.83	96.03	78.33	65.92	73.67	66.71	21.16	42.69
	0.24	2.42	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	7.44	8.37	7.22	6.89	6.91	6.68	5.08	4.72	5.89	5.63	3.12	4.02
	7.64	11.67	7.30	7.33	7.90	7.58	5.79	4.59	4.59	4.61	0.98	0.98
	4.98	4.89	5.00	5.01	4.95	4.90	4.29	3.59	3.56	3.58	1.85	1.86
	40.39	37.85	35.19	37.04	37.99	36.10	11.02	9.83	11.12	13.38	5.82	7.41
	24.27	12.24	11.11	8.58	10.28	6.77	2.51	1.86	2.96	2.94	2.11	2.27
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	24.27	12.24	11.11	8.58	10.28	6.77	2.51	1.86	2.96	2.94	2.11	2.27
	5.73	2.63	3.58	2.75	3.21	2.23	0.66	0.49	0.78	0.09	0.64	1.28
	18.54	9.61	7.53	5.84	7.07	4.54	1.86	1.38	2.19	2.85	1.59	1.14
	20.84	10.80	8.46	6.56	7.95	5.45	2.28	1.77	2.92	5.12	2.97	2.13
Key metrics
	36.89	28.80	23.41	20.92	23.13	19.25	12.59	10.04	11.11	11.13	4.94	5.11
	18.30%	16.50%	13.20%	12.10%	13.10%	12.40%	10.40%	9.00%	9.40%	10.40%	11.50%	7.50%
	9.20%	5.50%	4.30%	3.40%	4.00%	2.90%	1.50%	1.20%	1.90%	2.70%	3.70%	1.70%
	—	4.60%	—	3.50%	—	3.10%	—	—	—	—	—	—
	13.60%	12.60%	46.40%	54.80%	49.80%	44.30%	180.40%	63.70%	—	—	—	—
	162.20%	111.70%	304.80%	323.20%	222.80%	59.30%	17.00%	21.10%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY18
Income statement
	725.02	700.94	505.51	294.51	371.88	418.25	700.94
	3.58	2.75	1.90	6.68	0.42	0.96	2.75
	728.60	703.68	507.41	301.19	372.29	419.21	703.68
	672.39	661.48	493.31	290.23	356.41	384.13	661.48
	431.73	428.70	313.95	173.65	236.83	263.02	428.70
	2.66	2.42	0.00	—	—	0.66	2.42
	29.92	29.39	22.37	17.36	16.26	19.20	29.39
	33.94	34.20	22.55	7.40	6.50	4.54	34.20
	19.88	19.85	16.35	9.12	7.21	7.33	19.85
	150.47	148.07	120.28	33.60	33.22	41.23	148.07
	56.20	42.21	14.11	10.96	15.88	35.08	42.21
	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	56.20	42.21	14.11	10.96	15.88	35.08	42.21
	14.69	12.16	4.15	3.05	4.57	10.00	12.16
	41.52	30.05	9.96	8.25	20.70	21.62	30.05
	46.66	33.78	11.95	14.83	38.64	40.37	33.78
Key metrics
	110.02	96.26	53.01	27.48	29.59	46.95	96.26
	15.17%	13.70%	10.50%	9.30%	8.00%	11.20%	13.70%
	5.73%	4.30%	2.00%	2.80%	5.60%	5.20%	4.30%
	—	14.70%	8.00%	—	—	—	—
	28.47%	38.70%	71.60%	-20.80%	-11.10%	-40.30%	—
	179.60%	201.70%	20.70%	-60.10%	-4.30%	-28.10%	—
	—	57.68	-39.01	—	—	—	57.68
	—	2.09	0.80	—	—	—	2.09
	—	0.92	1.15	—	—	—	—
	—	255.21	275.12	—	—	—	—
	—	70.2	82.3	—	—	—	—
Balance sheet
	—	616.42	600.34	—	—	—	—
	—	212.46	186.40	—	—	—	—
	—	1.14	10.19	—	—	—	—
	—	99.50	78.48	—	—	—	—
	—	70.70	68.06	—	—	—	—
	—	36.97	23.47	—	—	—	—
	—	389.03	407.87	—	—	—	—
	—	35.42	32.49	—	—	—	—
	—	97.26	140.08	—	—	—	—
	—	256.35	285.31	—	—	—	—
	—	53.41	98.87	—	—	—	—
	—	202.94	186.44	—	—	—	—
	—	278.05	248.01	—	—	—	—
Cash flow
	—	62.83	7.98	—	—	—	62.83
	—	-8.49	-46.40	—	—	—	-8.49
	—	-63.29	48.45	—	—	—	-63.29
	—	5.15	46.99	—	—	—	5.15

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	201.17	174.54	176.81	172.50	177.09	155.06	120.75	111.47	118.22	107.47	43.07	68.10
	0.95	2.41	0.09	0.07	0.11	1.56	0.03	0.04	0.23	5.64	0.06	0.23
	202.12	176.95	176.90	172.57	177.21	156.62	120.78	111.51	118.45	113.11	43.02	68.33
	177.86	164.72	165.80	164.00	166.95	149.87	118.28	109.66	115.50	110.18	40.91	66.07
	114.87	100.35	108.77	107.74	111.83	96.03	78.33	65.92	73.67	66.71	21.16	42.69
	0.24	2.42	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	7.44	8.37	7.22	6.89	6.91	6.68	5.08	4.72	5.89	5.63	3.12	4.02
	7.64	11.67	7.30	7.33	7.90	7.57	5.80	4.59	4.59	4.61	0.98	0.98
	4.98	4.89	5.00	5.01	4.95	4.90	4.29	3.59	3.56	3.58	1.85	1.86
	40.39	37.85	35.19	37.04	37.98	36.10	11.02	9.83	11.12	13.38	5.81	7.41
	24.26	12.23	11.10	8.57	10.26	6.76	2.50	1.85	2.95	2.92	2.10	2.26
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	24.26	12.23	11.10	8.57	10.26	6.76	2.50	1.85	2.95	2.92	2.10	2.26
	5.72	2.63	3.57	2.75	3.20	2.76	0.65	0.48	0.77	0.08	0.64	1.28
	18.53	9.60	7.52	5.83	7.06	4.00	1.85	1.37	2.18	2.84	1.47	0.98
	20.83	10.79	8.46	6.56	7.94	4.80	2.27	1.76	2.91	5.11	2.74	1.84
Key metrics
	36.88	28.79	23.40	20.91	23.11	19.23	12.59	10.03	11.10	11.11	4.93	5.10
	18.30%	16.50%	13.20%	12.10%	13.00%	12.40%	10.40%	9.00%	9.40%	10.30%	11.40%	7.50%
	9.20%	5.50%	4.30%	3.40%	4.00%	2.60%	1.50%	1.20%	1.80%	2.60%	3.40%	1.40%
	—	4.60%	—	3.50%	—	3.10%	—	—	—	—	—	—
	13.60%	12.60%	46.40%	54.80%	49.80%	44.30%	180.40%	63.70%	—	—	—	—
	162.50%	140.00%	306.50%	325.50%	223.90%	40.80%	25.90%	39.80%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY18
Income statement
	725.02	700.94	505.51	294.51	371.88	418.25	700.94
	3.52	2.69	1.85	6.63	0.38	0.93	2.69
	728.54	703.63	507.36	301.14	372.26	419.18	703.63
	672.38	661.47	493.30	290.22	356.40	384.13	661.47
	431.73	428.70	313.95	173.65	236.83	263.02	428.70
	2.66	2.42	0.00	—	—	0.66	2.42
	29.92	29.39	22.37	17.36	16.26	19.20	29.39
	33.94	34.20	22.55	7.40	6.50	4.54	34.20
	19.88	19.85	16.35	9.12	7.21	7.32	19.85
	150.47	148.06	120.28	33.60	33.22	41.22	148.06
	56.16	42.16	14.06	10.92	15.85	35.05	42.16
	0.00	0.00	0.00	—	—	—	0.00
	56.16	42.16	14.06	10.92	15.85	35.05	42.16
	14.67	12.15	4.67	3.04	4.57	9.99	12.15
	41.48	30.02	9.39	7.89	11.29	25.05	30.01
	46.64	33.74	11.27	14.18	21.07	46.77	33.74
Key metrics
	109.98	96.21	52.96	27.44	29.56	46.91	96.21
	15.17%	13.70%	10.50%	9.30%	7.90%	11.20%	13.70%
	5.72%	4.30%	1.90%	2.70%	3.00%	6.00%	4.30%
	—	14.70%	8.00%	—	—	—	—
	28.47%	38.70%	71.60%	-20.80%	-11.10%	-40.30%	—
	190.48%	219.70%	19.00%	-30.10%	-54.90%	-16.50%	—
	—	57.71	-39.00	—	—	—	57.71
	—	2.09	0.85	—	—	—	2.09
	—	0.92	1.15	—	—	—	—
	—	255.26	275.18	—	—	—	—
	—	70.2	82.3	—	—	—	—
Balance sheet
	—	616.08	600.02	—	—	—	—
	—	211.62	185.58	—	—	—	—
	—	1.09	10.13	—	—	—	—
	—	99.50	78.48	—	—	—	—
	—	70.70	68.06	—	—	—	—
	—	36.97	23.47	—	—	—	—
	—	389.03	407.87	—	—	—	—
	—	35.42	32.48	—	—	—	—
	—	97.25	140.06	—	—	—	—
	—	256.35	285.31	—	—	—	—
	—	53.41	98.87	—	—	—	—
	—	202.94	186.44	—	—	—	—
	—	277.72	247.72	—	—	—	—
Cash flow
	—	62.86	7.99	—	—	—	62.86
	—	-8.51	-46.42	—	—	—	-8.51
	—	-63.29	48.45	—	—	—	-63.29
	—	5.15	46.99	—	—	—	5.15

Compounded growth

Standalone

Sales CAGR 3Y: +23.53%
Sales CAGR 5Y: —
Profit CAGR 3Y: +38.54%
Profit CAGR 5Y: —
Sales YoY (TTM): +28.47%
Profit YoY (TTM): +190.48%

Consolidated

Sales CAGR 3Y: +23.53%
Sales CAGR 5Y: —
Profit CAGR 3Y: +13.23%
Profit CAGR 5Y: —
Sales YoY (TTM): +28.47%
Profit YoY (TTM): +179.60%

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: 59.59%

Quarter	September 2026	June 2026
Promoter %	59.59%	59.59%

Holder	Type	Holding	Previous	Change
Gautam D Shah	Promoter	20.79%	20.79%	0.00%
Suresh Chimanlal Shah	Promoter	16.86%	16.86%	0.00%
Mayur Jayantilal Shah	Public	9.20%	9.20%	0.00%
Varun Shah	Promoter Group	8.35%	8.35%	0.00%
Bela G Shah	Promoter	7.56%	7.56%	0.00%
Swetal M Shah	Public	3.82%	3.82%	0.00%
Sunita S Shah	Promoter	3.67%	3.67%	0.00%
Mahesh Hemraj Shah	Public	3.51%	3.51%	0.00%
Devashri Gautam Shah	Promoter Group	2.36%	2.36%	0.00%
Investor Education And Protection Fund Authority Ministry Of Corporate Affairs	Public	2.25%	2.25%	0.00%
Rushabh Maheshbhai Shah	Public	2.18%	2.18%	0.00%
Bharat Mafatlal Shah	Public	1.67%	1.67%	0.00%
Damyantiben Maheshbhai Shah	Public	1.41%	1.41%	0.00%
Ritu Garg	Public	1.03%	1.03%	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%

Filings & corporate actions

Recent announcements

As per the attachment (Revised letter)2 Nov 2026 · Company Update / General
As per attached file.31 Oct 2026 · Company Update / General
Compliance Certificate under Reg. 74(5) of SEBI (DP) Regulation, 201815 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
pursuant to the provisions of Regulation 30 read with Schedule III of the SEBI (LoDR) Regulations 2015, we wish to inform you that Unit 1 has resumed its work on a trial basis from the ....12 Oct 2026 · Company Update / General
enclosed herewith voting result along with scrutinizer''s report of 31st Annual General Meeting of the Company.2 Oct 2026 · AGM/EGM / AGM
enclosed herewith proceedings of 31st Annual General Meeting of the company held on today i.e. 30th September, 2026 through VC / OAVM30 Sep 2026 · AGM/EGM / AGM
Closure of Trading Window intimation.14 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Enclosed here with copy of Newspaper Advertisement with respect to the Notice of the 31st Annual General Meeting.14 Sep 2026 · Company Update / Newspaper Publication
As per attachment.9 Sep 2026 · Company Update / Resignation of Company Secretary / Compliance Officer
Pursuant to Regulation 34 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are pleased to submit herewith Annual Report of Financial Year 2025-26 including ....8 Sep 2026 · Others / Reg. 34 (1) Annual Report
as enclosed8 Sep 2026 · AGM/EGM / AGM
with reference to caption subject, we hereby inform you that Record date for the scheduled AGM will be Tuesday, 22nd September 2026.8 Sep 2026 · Corp. Action / Record Date
with reference to captioned subject, we here by inform you that the Registrar and Share Transfer Book of the company will remain closed from Wednesday, 23rd September 2026 to Wednesday, ....8 Sep 2026 · Corp. Action / Book Closure
Information regarding 31st AGM to be held through Video Conference ("VC") / Other Audio Visual Means ("OAVM")4 Sep 2026 · Company Update / Newspaper Publication
with reference to the captioned subject, we hereby inform you that the 31st Annual General Meeting (''AGM'') of the Company is scheduled to be held on Wednesday, September 30, 2026 at ....4 Sep 2026 · AGM/EGM / AGM
as per attached25 Aug 2026 · Company Update / Change in Management
Resignation of Ms. Reema Kalani (DIN: 07874899) from the position of Independent Director24 Aug 2026 · Company Update / Change in Management
Resignation of Ms. Reema Kalani (DIN:07874899) from the post of Independent Director24 Aug 2026 · Company Update / Resignation of Director
Newspaper Publication of Un-audited Financial Results for the quarter ended 30th June, 202618 Aug 2026 · Company Update / Newspaper Publication
As per attachment.14 Aug 2026 · Company Update / Change in Management
as per attachment.14 Aug 2026 · Result / Financial Results
outcome of Board Meeting 1. Approved the Unaudited Financial Results (Standalone and Consolidated) for the First Quarter ended on 30th June, 2026 together with the review report by Statutory ....14 Aug 2026 · Board Meeting / Outcome of Board Meeting
Shree Ajit Pulp And Paper Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/08/2026 ,inter alia, to consider and approve We write this to ....10 Aug 2026 · Board Meeting / Board Meeting
as per enclosed letter.5 Aug 2026 · Company Update / Credit Rating
as per enclosed letter.5 Aug 2026 · Company Update / General
intimation of temporary disruption of operation due to flooding.24 Jul 2026 · Company Update / General
please find enclosed herewith a copy of newspaper advertisement notice published in the Indian Express (English) and Sandesh (Gujarati) on 16th July, 2026 in compliance of the Investor ....18 Jul 2026 · Company Update / Newspaper Publication
we enclosed herewith the certificate under Regulation 74(5) of SEBI (Depository and Participants) Regulations, 2018 for the quarter ended June 30, 2026.14 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
we wish to inform you that SEBI (Prohibition of Insider Trading) Regulation, 2015, trading window of the company for all the Directors , KMP''s / officers , designated employees and their ....22 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Newspaper publication pursuant to Regulation 47 of SEBI (LoDR) Regulations, 2015.1 Jun 2026 · Company Update / Newspaper Publication
Pursuant to Regulation 24A of the SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015, please find enclosed the Annual Secretarial Compliance Report of our company for ....30 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Audited Financial Result for the year ended 31st March, 202628 May 2026 · Result / Financial Results
We wish to inform you that the Board of Directors in its meeting held today i.e. on 28th May, 2026, has taken the following decisions: 1. Approved the Unaudited Financial Results (Standalone ....28 May 2026 · Board Meeting / Outcome of Board Meeting
Shree Ajit Pulp And Paper Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 28/05/2026 ,inter alia, to consider and approve We write this to ....22 May 2026 · Board Meeting / Board Meeting
We enclosed herewith the certificate under Regulation 74 (5) of SEBI (DP) Regulation 2018 for the quarter ended March, 202613 Apr 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation of Closure of trading window.25 Mar 2026 · Insider Trading / SAST / Closure of Trading Window
Scrutinizer''s report of Postal Ballot Meeting e-voting results.23 Mar 2026 · AGM/EGM / Postal Ballot
Voting result of Postal Ballot conducted through remote E-voting23 Mar 2026 · AGM/EGM / Postal Ballot
we would like to inform you that pursuant to Regulation 30 read with Schedule III of the SEB(LoDR) Regulation, 2015, M/s. J B R & Co LLP appointed as Internal Auditor for F.Y. 2025-2026. ....24 Feb 2026 · Company Update / Change in Management
We wish to inform you that the Board of Director in its meeting held today i.e. 24th February, 2026, has taken the following decisions: 1. Appointment of Internal Auditor M/s. J B R ....24 Feb 2026 · Others / Outcome without intimation

Board meetings

14 Aug 2026 Board Meeting - Financial Results