About
Shree Ajit Pulp and Paper Limited manufactures and sells kraft paper in India. The company offers multilayer test liner and test liner paper used as packaging material for making corrugated boxes, paper carry bags, paper food boxes, reel wraps, duplex cartons, corrugated small e-flute, etc. It serves textiles, automobiles, appliances and consumer durables, foods and beverages, fruits and vegetables, and pharmaceutical industries. The company was incorporated in 1995 and is based in Vapi, India.
Key Metrics
as of Sep 2026Market Cap244 Cr
P/E5.86
Div Yield0.00 %
Book Value₹313.00
52w High₹348.00
52w Low₹212.00
Face Value₹10.00
Quarterly Results
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 | 201.00 | 175.00 | 177.00 | 172.00 | 177.00 | 155.00 | 121.00 | 111.00 | 118.00 | 107.00 | 43.00 | 68.00 | 76.00 |
| Expenses | 165.00 | 148.00 | 154.00 | 152.00 | 154.00 | 137.00 | 108.00 | 101.00 | 107.00 | 102.00 | 38.00 | 63.00 | 70.00 |
| Operating Profit | 36.00 | 26.00 | 23.00 | 21.00 | 23.00 | 18.00 | 13.00 | 10.00 | 11.00 | 5.00 | 5.00 | 5.00 | 5.00 |
| OPM % | 18.00 | 15.00 | 13.00 | 12.00 | 13.00 | 11.00 | 10.00 | 9.00 | 9.00 | 5.00 | 12.00 | 7.00 | 7.00 |
| Other Income | 1.00 | 2.00 | 0.00 | 0.00 | 0.00 | 2.00 | 0.00 | 0.00 | 0.00 | 6.00 | 0.00 | 0.00 | 1.00 |
| Depreciation | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 4.00 | 4.00 | 4.00 | 4.00 | 2.00 | 2.00 | 2.00 |
| Interest | 8.00 | 12.00 | 7.00 | 7.00 | 8.00 | 8.00 | 6.00 | 5.00 | 5.00 | 5.00 | 1.00 | 1.00 | 1.00 |
| Profit before tax | 24.00 | 12.00 | 11.00 | 9.00 | 10.00 | 7.00 | 3.00 | 2.00 | 3.00 | 3.00 | 2.00 | 2.00 | 4.00 |
| Tax % | 24.00 | 21.00 | 32.00 | 32.00 | 31.00 | 41.00 | 26.00 | 26.00 | 26.00 | 3.00 | 30.00 | 56.00 | 29.00 |
| Net Profit | 19.00 | 10.00 | 8.00 | 6.00 | 7.00 | 4.00 | 2.00 | 1.00 | 2.00 | 3.00 | 1.00 | 1.00 | 3.00 |
| EPS in Rs | 20.83 | 10.79 | 8.45 | 6.55 | 7.94 | 4.50 | 2.09 | 1.55 | 2.45 | 3.19 | 1.65 | 1.10 | 2.92 |
Profit & Loss
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 | 701.00 | 506.00 | 295.00 | 372.00 | 418.00 | 267.00 | 240.00 | 270.00 | 249.00 | 209.00 | 222.00 | 189.00 |
| Expenses | 607.00 | 454.00 | 274.00 | 343.00 | 372.00 | 221.00 | 206.00 | 225.00 | 225.00 | 190.00 | 195.00 | 169.00 |
| Operating Profit | 94.00 | 51.00 | 21.00 | 29.00 | 46.00 | 45.00 | 34.00 | 44.00 | 24.00 | 19.00 | 27.00 | 19.00 |
| OPM % | 13.00 | 10.00 | 7.00 | 8.00 | 11.00 | 17.00 | 14.00 | 16.00 | 10.00 | 9.00 | 12.00 | 10.00 |
| Other Income | 3.00 | 2.00 | 7.00 | 0.00 | 1.00 | 1.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 34.00 | 23.00 | 7.00 | 6.00 | 5.00 | 4.00 | 4.00 | 5.00 | 6.00 | 4.00 | 4.00 | 4.00 |
| Depreciation | 20.00 | 16.00 | 9.00 | 7.00 | 7.00 | 8.00 | 8.00 | 7.00 | 6.00 | 5.00 | 5.00 | 5.00 |
| Profit before tax | 42.00 | 14.00 | 11.00 | 16.00 | 35.00 | 35.00 | 23.00 | 33.00 | 12.00 | 9.00 | 18.00 | 10.00 |
| Tax % | 29.00 | 33.00 | 28.00 | 29.00 | 29.00 | 29.00 | 15.00 | 29.00 | 31.00 | 29.00 | 33.00 | 28.00 |
| Net Profit | 30.00 | 9.00 | 8.00 | 11.00 | 25.00 | 25.00 | 20.00 | 23.00 | 8.00 | 6.00 | 12.00 | 7.00 |
| EPS in Rs | 33.74 | 10.56 | 8.87 | 12.69 | 28.15 | 27.70 | 22.08 | 25.99 | 9.27 | 7.19 | 13.60 | 8.00 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | 5.00 | 2.00 | 2.00 | 2.00 | 2.00 | 5.00 | 6.00 | 3.00 | 4.00 |
Balance Sheet
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 | 9.00 | 9.00 | 8.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 |
| Reserves | 269.00 | 239.00 | 220.00 | 197.00 | 187.00 | 162.00 | 138.00 | 119.00 | 96.00 | 88.00 | 82.00 | 70.00 |
| Borrowings | 256.00 | 285.00 | 226.00 | 169.00 | 46.00 | 24.00 | 30.00 | 36.00 | 51.00 | 44.00 | 27.00 | 34.00 |
| Other Liabilities | 82.00 | 67.00 | 63.00 | 51.00 | 48.00 | 54.00 | 37.00 | 40.00 | 36.00 | 36.00 | 34.00 | 32.00 |
| Total Liabilities | 616.00 | 600.00 | 516.00 | 424.00 | 286.00 | 246.00 | 210.00 | 200.00 | 188.00 | 173.00 | 148.00 | 142.00 |
| Fixed Assets | 389.00 | 408.00 | 294.00 | 140.00 | 128.00 | 129.00 | 134.00 | 127.00 | 111.00 | 89.00 | 82.00 | 85.00 |
| CWIP | 1.00 | 0.00 | 44.00 | 139.00 | 3.00 | 1.00 | 3.00 | 3.00 | 2.00 | 6.00 | 1.00 | 1.00 |
| Investments | 4.00 | 1.00 | 1.00 | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 | 6.00 | 6.00 | 5.00 | 4.00 |
| Other Assets | 223.00 | 191.00 | 178.00 | 136.00 | 146.00 | 107.00 | 65.00 | 61.00 | 68.00 | 73.00 | 60.00 | 51.00 |
| Total Assets | 616.00 | 600.00 | 516.00 | 424.00 | 286.00 | 246.00 | 210.00 | 200.00 | 188.00 | 173.00 | 148.00 | 142.00 |
Cash Flows
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 | 63.00 | 8.00 | 19.00 | 21.00 | -7.00 | 25.00 | 32.00 | 45.00 | 18.00 | 14.00 | 16.00 | 15.00 |
| Cash from Investing Activity | -9.00 | -46.00 | -87.00 | -146.00 | -15.00 | 0.00 | -14.00 | -24.00 | -18.00 | -27.00 | -4.00 | -7.00 |
| Cash from Financing Activity | -63.00 | 48.00 | 66.00 | 110.00 | 16.00 | -10.00 | -10.00 | -21.00 | 1.00 | 13.00 | -12.00 | -8.00 |
| Net Cash Flow | -9.00 | 10.00 | -2.00 | -15.00 | -7.00 | 15.00 | 8.00 | 0.00 | 0.00 | 0.00 | 0.00 | -1.00 |
| Free Cash Flow | 58.00 | -39.00 | -76.00 | -125.00 | -24.00 | 25.00 | 18.00 | 23.00 | 0.00 | -12.00 | 13.00 | 9.00 |
| CFO/OP % | 75.00 | 19.00 | 110.00 | 89.00 | 6.00 | 76.00 | 107.00 | 120.00 | 80.00 | 91.00 | 74.00 | 93.00 |
Ratios
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 | 52.00 | 57.00 | 66.00 | 41.00 | 49.00 | 58.00 | 51.00 | 43.00 | 60.00 | 55.00 | 61.00 | 48.00 |
| Inventory Days | 60.00 | 80.00 | 118.00 | 84.00 | 73.00 | 78.00 | 53.00 | 56.00 | 50.00 | 57.00 | 43.00 | 59.00 |
| Days Payable | 30.00 | 38.00 | 76.00 | 33.00 | 32.00 | 57.00 | 42.00 | 40.00 | 35.00 | 45.00 | 37.00 | 37.00 |
| Cash Conversion Cycle | 82.00 | 98.00 | 108.00 | 91.00 | 90.00 | 79.00 | 62.00 | 58.00 | 75.00 | 67.00 | 66.00 | 70.00 |
| Working Capital Days | 58.00 | 22.00 | 30.00 | 50.00 | 41.00 | 45.00 | 39.00 | 29.00 | 23.00 | 20.00 | 37.00 | 11.00 |
| ROCE % | 14.00 | 7.00 | 3.00 | 7.00 | 18.00 | 21.00 | 17.00 | 24.00 | 12.00 | 10.00 | 20.00 | 13.00 |
Corporate Actions
10 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Other | 18 Jan 2024 | 18 Jan 2024 | — | — | Right Issue of Equity Shares |
| Dividend | 27 Jul 2023 | — | — | 1.00 | |
| Dividend | 09 Sep 2022 | — | — | 1.00 | |
| Dividend | 16 Sep 2021 | — | — | 1.00 | |
| Dividend | 16 Sep 2020 | — | — | 0.75 | |
| Dividend | 28 Aug 2019 | — | — | 0.75 | |
| Dividend | 17 Sep 2018 | — | — | 0.75 | |
| Dividend | 14 Sep 2017 | — | — | 0.75 | |
| Dividend | 19 Aug 2016 | — | — | 0.75 | |
| Dividend | 18 Sep 2015 | — | — | 0.50 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update4 Aug from icra
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Rating update14 May from icra
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Rating update26 Aug 2025 from icra
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Rating update21 Mar 2025 from icra
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Rating update22 Feb 2024 from icra
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Rating update10 Aug 2023 from icra