About
The South India Paper Mills Limited manufactures and sells paper, paperboards, and cartons in India. The company provides corrugating case raw materials, including kraft liner substitutes, test liners, white kraft liners, fluting grades, high performance fluting and test liners, and various grades for packaging applications. It also offers plain brown boxes, glued or stapled closures, boxes, and shelf ready packaging products. In addition, it engages in the power generation activities. The South India Paper Mills Limited was incorporated in 1959 and is based in Bengaluru, India.
Key Metrics
as of Sep 2026Market Cap223 Cr
P/E15.10
Div Yield0.00 %
Book Value₹119.00
52w High₹136.00
52w Low₹65.10
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 | 117.58 | 113.99 | 101.37 | 111.57 | 106.89 | 94.14 | 83.57 | 101.77 | 89.83 | 90.66 | 71.91 | 72.80 | 76.93 |
| Expenses | 102.33 | 98.91 | 89.19 | 98.65 | 96.48 | 88.10 | 79.35 | 95.34 | 85.07 | 85.38 | 67.20 | 68.16 | 74.32 |
| Operating Profit | 15.25 | 15.08 | 12.18 | 12.92 | 10.41 | 6.04 | 4.22 | 6.43 | 4.76 | 5.28 | 4.71 | 4.64 | 2.61 |
| OPM % | 12.97 | 13.23 | 12.02 | 11.58 | 9.74 | 6.42 | 5.05 | 6.32 | 5.30 | 5.82 | 6.55 | 6.37 | 3.39 |
| Other Income | 0.17 | 0.30 | 0.07 | 0.16 | 0.15 | 0.15 | 0.36 | 0.96 | 0.49 | 0.42 | 0.14 | 0.14 | 0.46 |
| Depreciation | 4.18 | 4.17 | 4.17 | 4.16 | 4.15 | 4.17 | 4.14 | 4.13 | 4.13 | 4.46 | 4.40 | 4.56 | 4.47 |
| Interest | 4.58 | 5.11 | 4.90 | 5.16 | 5.10 | 4.94 | 4.89 | 4.87 | 4.92 | 4.81 | 4.71 | 4.73 | 4.13 |
| Profit before tax | 6.66 | 6.10 | 3.18 | 3.76 | 1.31 | -2.92 | -4.45 | -1.61 | -3.80 | -3.57 | -4.26 | -4.51 | -5.53 |
| Tax % | 25.23 | 25.08 | 25.16 | 25.27 | 25.19 | -22.60 | -25.17 | -25.47 | -25.26 | -23.81 | -25.12 | -25.28 | -25.14 |
| Net Profit | 4.98 | 4.57 | 2.37 | 2.81 | 0.98 | -2.26 | -3.33 | -1.21 | -2.84 | -2.73 | -3.19 | -3.38 | -4.14 |
| EPS in Rs | 2.66 | 2.44 | 1.26 | 1.50 | 0.52 | -1.21 | -1.78 | -0.65 | -1.51 | -1.46 | -1.70 | -1.80 | -2.21 |
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 | 431.00 | 367.00 | 311.00 | 287.00 | 304.00 | 226.00 | 216.00 | 241.00 | 134.00 | 195.00 | 206.00 | 185.00 |
| Expenses | 380.00 | 346.00 | 293.00 | 293.00 | 266.00 | 188.00 | 182.00 | 204.00 | 122.00 | 164.00 | 170.00 | 155.00 |
| Operating Profit | 51.00 | 22.00 | 17.00 | -6.00 | 38.00 | 38.00 | 35.00 | 37.00 | 13.00 | 31.00 | 36.00 | 29.00 |
| OPM % | 12.00 | 6.00 | 6.00 | -2.10 | 12.00 | 17.00 | 16.00 | 15.00 | 9.00 | 16.00 | 18.00 | 16.00 |
| Other Income | 1.00 | 2.00 | 1.00 | 14.00 | 3.00 | 3.00 | 1.00 | 1.00 | 2.00 | 1.00 | 9.00 | 1.00 |
| Interest | 21.00 | 20.00 | 19.00 | 16.00 | 6.00 | 5.00 | 4.00 | 5.00 | 5.00 | 4.00 | 2.00 | 2.00 |
| Depreciation | 17.00 | 17.00 | 18.00 | 16.00 | 9.00 | 10.00 | 10.00 | 10.00 | 9.00 | 10.00 | 8.00 | 8.00 |
| Profit before tax | 14.00 | -13.00 | -18.00 | -24.00 | 26.00 | 27.00 | 21.00 | 23.00 | 1.00 | 18.00 | 35.00 | 21.00 |
| Tax % | 25.00 | -25.00 | -25.00 | -31.00 | 16.00 | 28.00 | 25.00 | 21.00 | -19.00 | 34.00 | 31.00 | 35.00 |
| Net Profit | 11.00 | -10.00 | -13.00 | -17.00 | 22.00 | 19.00 | 16.00 | 18.00 | 1.00 | 12.00 | 24.00 | 14.00 |
| EPS in Rs | 5.73 | -5.14 | -7.16 | -8.89 | 14.44 | 12.70 | 10.63 | 12.25 | 0.63 | 7.97 | 16.06 | 9.02 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | 0.00 | 7.00 | 8.00 | 14.00 | 12.00 | 158.00 | 19.00 | 19.00 | 28.00 |
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 | 19.00 | 19.00 | 19.00 | 19.00 | 15.00 | 15.00 | 15.00 | 15.00 | 15.00 | 15.00 | 15.00 | 15.00 |
| Reserves | 204.00 | 192.00 | 202.00 | 215.00 | 191.00 | 171.00 | 154.00 | 141.00 | 125.00 | 126.00 | 112.00 | 93.00 |
| Borrowings | 156.00 | 175.00 | 198.00 | 192.00 | 199.00 | 100.00 | 42.00 | 38.00 | 53.00 | 45.00 | 34.00 | 17.00 |
| Other Liabilities | 71.00 | 57.00 | 38.00 | 65.00 | 66.00 | 53.00 | 42.00 | 45.00 | 42.00 | 44.00 | 55.00 | 37.00 |
| Total Liabilities | 449.00 | 443.00 | 457.00 | 490.00 | 471.00 | 339.00 | 253.00 | 239.00 | 235.00 | 230.00 | 216.00 | 162.00 |
| Fixed Assets | 305.00 | 317.00 | 331.00 | 343.00 | 304.00 | 120.00 | 128.00 | 132.00 | 130.00 | 136.00 | 114.00 | 79.00 |
| CWIP | 0.00 | 0.00 | 0.00 | 17.00 | 39.00 | 106.00 | 15.00 | 8.00 | 15.00 | 11.00 | 16.00 | 2.00 |
| 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 | 144.00 | 125.00 | 125.00 | 129.00 | 127.00 | 113.00 | 110.00 | 99.00 | 90.00 | 83.00 | 86.00 | 82.00 |
| Total Assets | 449.00 | 443.00 | 457.00 | 490.00 | 471.00 | 339.00 | 253.00 | 239.00 | 235.00 | 230.00 | 216.00 | 162.00 |
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 | 43.00 | 40.00 | -18.00 | 1.00 | 39.00 | 22.00 | 40.00 | 39.00 | -2.00 | 26.00 | 30.00 | 15.00 |
| Cash from Investing Activity | -1.00 | 2.00 | -1.00 | -13.00 | -105.00 | -77.00 | -31.00 | -12.00 | 1.00 | -29.00 | -44.00 | -7.00 |
| Cash from Financing Activity | -39.00 | -41.00 | -12.00 | 18.00 | 84.00 | 51.00 | -3.00 | -21.00 | -2.00 | 3.00 | 12.00 | -4.00 |
| Net Cash Flow | 2.00 | 1.00 | -32.00 | 5.00 | 18.00 | -4.00 | 6.00 | 5.00 | -2.00 | 1.00 | -2.00 | 3.00 |
| Free Cash Flow | 39.00 | 38.00 | -20.00 | -13.00 | -66.00 | -57.00 | 8.00 | 26.00 | -1.00 | -3.00 | -23.00 | 7.00 |
| CFO/OP % | 83.00 | 185.00 | -105.00 | -58.00 | 111.00 | 68.00 | 125.00 | 121.00 | -13.00 | 103.00 | 106.00 | 68.00 |
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 | 65.00 | 58.00 | 69.00 | 56.00 | 58.00 | 75.00 | 50.00 | 60.00 | 104.00 | 56.00 | 64.00 | 60.00 |
| Inventory Days | 69.00 | 77.00 | 88.00 | 94.00 | 83.00 | 107.00 | 126.00 | 120.00 | 197.00 | 109.00 | 103.00 | 123.00 |
| Days Payable | 34.00 | 30.00 | 37.00 | 76.00 | 52.00 | 57.00 | 52.00 | 71.00 | 98.00 | 60.00 | 69.00 | 54.00 |
| Cash Conversion Cycle | 100.00 | 106.00 | 120.00 | 74.00 | 88.00 | 125.00 | 123.00 | 108.00 | 203.00 | 105.00 | 98.00 | 129.00 |
| Working Capital Days | 7.00 | -8.00 | 2.00 | -25.00 | -14.00 | 27.00 | 44.00 | 71.00 | 109.00 | 56.00 | 35.00 | 61.00 |
| ROCE % | 9.00 | 1.00 | 0.00 | -5.00 | 8.00 | 11.00 | 13.00 | 14.00 | 2.00 | 13.00 | 20.00 | 19.00 |
Corporate Actions
21 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 29 Aug 2022 | — | — | 1.00 | |
| Dividend | 30 Aug 2021 | — | — | 1.00 | |
| Dividend | 28 Aug 2020 | — | — | 1.50 | |
| Dividend | 29 Aug 2019 | — | — | 1.50 | |
| Dividend | 30 Aug 2018 | — | — | 1.00 | |
| Dividend | 30 Aug 2017 | — | — | 1.50 | |
| Dividend | 30 Aug 2016 | — | — | 3.00 | |
| Dividend | 28 Aug 2015 | — | — | 2.50 | |
| Dividend | 27 Aug 2014 | — | — | 1.50 | |
| Dividend | 29 Aug 2013 | — | — | 2.20 | |
| Dividend | 07 Sep 2012 | — | — | 2.20 | |
| Dividend | 29 Aug 2011 | — | — | 2.00 | |
| Dividend | 06 Sep 2010 | — | — | 3.00 | |
| Bonus | 06 Sep 2010 | — | 1:1 | — | |
| Dividend | 09 Sep 2009 | — | — | 3.00 | |
| Dividend | 09 Sep 2008 | — | — | 3.00 | |
| Dividend | 07 Sep 2007 | — | — | 3.00 | |
| Bonus | 14 Oct 2004 | 27 Oct 2004 | 1:1 | — | |
| Dividend | 26 Aug 2004 | — | — | 2.00 | |
| Dividend | 21 Aug 2003 | — | — | 1.65 | |
| Dividend | 23 Aug 2002 | — | — | 1.65 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update18 Feb from icra
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Rating update17 Jan 2025 from icra
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Rating update21 Jun 2024 from icra
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Rating update21 Jun 2023 from icra
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Rating update5 Jun 2023 from icra
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Rating update26 Dec 2022 from icra