Saffron Industries Limited produces and sells kraft and newsprint paper products in India. The company offers kraft, art card, chromo, bleached kraft, L.W.C., maplitho, S.B.S, sack kraft, and cellulose paper; color boards; and white top kraft liners. It also offers print media, digital media, infrastructure, business, manufacturing, and reality solutions under Navabharat brand. In addition, the company engages in the real estate development, including residential, commercial, and mixed-use projects. The company was formerly known as Madhyadesh Papers Limited and changed its name to Saffron Industries Limited in September 2011. Saffron Industries Limited was founded in 1934 and is headquartered in Nagpur, India.
Rs. Crores · hover row for definition
Metric
Jun 2026
Mar 2026
Dec 2025
Sep 2025
Jun 2025
Mar 2025
Dec 2024
Sep 2024
Jun 2024
Mar 2024
Dec 2023
Sep 2023
Jun 2023
Sales 1.06
1.43
1.52
0.81
3.10
3.38
2.48
0.46
0.00
9.47
3.75
0.00
2.97
Expenses 0.95
0.94
0.69
0.27
1.25
-0.61
1.76
0.34
0.06
9.32
3.55
0.02
3.28
Operating Profit 0.11
0.49
0.83
0.54
1.85
3.99
0.72
0.12
-0.06
0.15
0.20
-0.02
-0.31
OPM % 10.38
34.27
54.61
66.67
59.68
118.05
29.03
26.09
—
1.58
5.33
—
-10.44
Other Income 0.01
0.02
0.01
0.00
0.01
0.00
0.01
0.01
0.01
0.01
0.02
0.01
0.00
Depreciation 0.00
0.00
0.00
0.30
1.95
1.08
0.31
0.31
0.31
0.48
0.54
0.43
0.49
Interest 0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Profit before tax 0.12
0.51
0.84
0.24
-0.09
2.91
0.42
-0.18
-0.36
-0.32
-0.32
-0.44
-0.80
Tax % 0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Net Profit 0.12
0.51
0.84
0.24
-0.09
2.91
0.43
-0.18
-0.36
-0.33
-0.31
-0.44
-0.81
EPS in Rs 0.17
0.71
1.17
0.33
-0.13
4.05
0.60
-0.25
-0.50
-0.46
-0.43
-0.61
-1.13
Annual · Rs. Crores
Metric
Mar 2026 Mar 2025 Mar 2024 Mar 2023 Mar 2022 Mar 2021 Mar 2020 Mar 2019 Mar 2018 Mar 2017 Mar 2016 Mar 2015
Sales
6.86 6.32 16.20 17.02 17.85 17.24 8.83 16.47 5.63 32.30 35.61 49.62
Expenses
3.14 1.53 16.18 16.62 18.02 18.03 8.26 12.98 6.10 31.09 32.89 46.39
Operating Profit
3.72 4.79 0.02 0.40 -0.17 -0.79 0.57 3.49 -0.47 1.21 2.72 3.23
OPM %
54.23 75.79 0.12 2.35 -0.95 -4.58 6.46 21.19 -8.35 3.75 7.64 6.51
Other Income
0.03 0.03 0.04 0.02 0.02 0.11 0.27 -1.09 0.12 0.60 -0.21 0.11
Interest
0.00 0.01 0.01 0.00 0.01 0.01 0.01 0.04 0.18 0.00 0.01 0.96
Depreciation
2.25 2.00 1.94 1.93 1.62 1.20 1.19 1.21 1.24 1.41 1.38 1.40
Profit before tax
1.50 2.81 -1.89 -1.51 -1.78 -1.89 -0.36 1.15 -1.77 0.40 1.12 0.98
Tax %
-5.33 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Profit
1.57 2.81 -1.89 -1.50 -1.78 -1.90 -0.36 1.15 -1.76 0.40 1.11 0.98
EPS in Rs
2.19 3.91 -2.63 -2.09 -2.48 -2.64 -0.50 1.60 -2.45 0.56 1.54 1.36
Dividend Payout %
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Annual · Rs. Crores — latest first
Metric
Mar 2026 Mar 2025 Mar 2024 Mar 2023 Mar 2022 Mar 2021 Mar 2020 Mar 2019 Mar 2018 Mar 2017 Mar 2016 Mar 2015
Equity Capital
7.19 7.19 7.19 7.19 7.19 7.19 7.19 7.19 7.19 7.19 7.19 7.19
Reserves
-15.38 -16.95 -19.76 -17.82 -16.32 -14.54 -12.65 -12.28 -13.43 -11.67 -12.06 -13.18
Borrowings
1.96 11.84 16.98 19.96 19.14 17.35 20.58 20.58 20.58 20.58 20.58 21.21
Other Liabilities
18.20 10.45 6.43 1.01 0.91 2.07 2.36 3.15 7.53 12.65 14.03 15.73
Total Liabilities
11.97 12.53 10.84 10.34 10.92 12.07 17.48 18.64 21.87 28.75 29.74 30.95
Fixed Assets
0.01 2.76 4.75 6.69 9.43 10.65 11.85 13.04 14.52 18.59 20.10 21.52
CWIP
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other Assets
11.96 9.77 6.09 3.65 1.49 1.42 5.63 5.60 7.35 10.16 9.64 9.43
Total Assets
11.97 12.53 10.84 10.34 10.92 12.07 17.48 18.64 21.87 28.75 29.74 30.95
Annual · Rs. Crores — latest first
Metric
Mar 2026 Mar 2025 Mar 2024 Mar 2023 Mar 2022 Mar 2021 Mar 2020 Mar 2019 Mar 2018 Mar 2017 Mar 2016 Mar 2015
Cash from Operating Activity
9.63 5.10 3.27 -2.09 -1.22 3.47 -0.22 -0.45 -3.32 0.00 2.19 -4.73
Cash from Investing Activity
0.53 0.03 0.04 0.83 -0.38 0.03 0.03 -0.12 2.63 0.00 -1.23 -0.87
Cash from Financing Activity
-9.89 -5.14 -2.98 0.82 1.79 -3.23 0.00 0.51 -0.04 0.00 -0.97 5.63
Net Cash Flow
0.28 -0.01 0.33 -0.44 0.19 0.27 -0.20 -0.06 -0.73 0.00 -0.02 0.04
Free Cash Flow
10.13 5.10 3.26 -1.28 -1.62 3.47 -0.22 -0.45 -0.75 0.00 1.95 -6.04
CFO/OP %
259.00 106.00 16,350.00 -522.00 718.00 -439.00 -39.00 -13.00 706.00 0.00 81.00 -146.00
Annual · Days / % — latest first
Metric
Mar 2026 Mar 2025 Mar 2024 Mar 2023 Mar 2022 Mar 2021 Mar 2020 Mar 2019 Mar 2018 Mar 2017 Mar 2016 Mar 2015
Debtor Days
92.58 5.20 0.00 0.00 0.00 0.00 190.56 104.60 313.13 69.16 41.31 19.49
Inventory Days
— — 141.46 83.08 0.23 3.59 11.53 1.40 7.41 0.84 17.05 41.80
Days Payable
— — 51.23 9.77 15.10 40.24 114.66 116.39 714.13 184.76 220.19 124.69
Cash Conversion Cycle
92.58 5.20 90.23 73.31 -14.87 -36.64 87.44 -10.39 -393.59 -114.76 -161.84 -63.40
Working Capital Days
-394.26 -85.47 -26.14 46.11 -6.95 -29.01 116.16 39.67 -71.96 -46.22 -58.12 -53.33
ROCE %
— 86.90 -27.37 -15.62 -17.69 -14.97 -2.29 16.36 -10.38 2.70 9.25 10.06
% holding — latest first
Quarterly
Yearly
Holder
Jun 2026
Mar 2026
Dec 2025
Sep 2025
Jun 2025
Mar 2025
Dec 2024
Sep 2024
Jun 2024
Mar 2024
Dec 2023
Sep 2023
Promoters
60.50
60.50
60.50
60.50
60.50
60.50
60.50
60.49
60.49
60.49
60.49
60.49
DIIs
0.11
0.11
0.11
0.11
0.11
0.11
0.11
0.11
0.11
0.11
0.11
0.11
Public
39.41
39.40
39.40
39.40
39.41
39.41
39.40
39.39
39.39
39.39
39.39
39.39
No. of Shareholders
3,373
3,519
3,552
2,685
2,493
2,535
2,430
2,410
2,318
2,142
2,066
1,961