Shree Ajit Pulp & Paper Ltd.

SAPPL

₹194.0

-5.37% (-11.0)

Market Cap

₹173 Cr.

P/E

17.40

About

Shree Ajit Pulp & Paper Ltd is engaged in manufacturing different varieties of Kraft Paper of 120-220 GSM and Bursting Factor (BF) ranging from 16 to 28. The company has already developed 35 BF paper… Read more

Shree Ajit Pulp & Paper Ltd is engaged in manufacturing different varieties of Kraft Paper of … Read more

Low

180

52W Range

High

245

Timeline

Key company specific updates

Company Timeline

Custom financial statementNew

Edit rows

In Rs. Cr.	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025

In Rs. Cr.	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Balance sheet
Net Block	90.80	88.75	111	127	134	129	128	140	294	408
Shareholders Funds	86.52	92.97	100	124	143	167	188	208	227	248
Profit & Loss
Operating Profit	28.05	18.55	24.33	44.47	34.33	45.35	45.98	29.17	20.80	51.10
Net Sales	237	209	249	270	240	267	418	372	295	506
Cash flow
Cash from Operating Activity	16.67	14.25	17.73	44.84	32.11	25.20	-7.33	20.97	19.46	—
Net Capex (est)	3.84	26.72	17.74	21.78	13.84	0.04	16.34	162	97.21	—
Ratios
ROCE (%)	18.62	10.23	12.61	21.57	15.09	18.69	17.17	5.68	4.11	—
ROE (%)	13.62	6.92	7.66	19.38	13.93	14.40	11.52	9.95	3.63	—

Forensics

7 Yes

Positive for this company

2 Neutral

Neutral for this company

8 No

Negative for this company

0 No Data

Insufficient data to analyse

Accounting & Shareholding

Contingent Liabilities

Company does not have significant contingent liabilities
Depreciation Effect

Depreciation accounting is not leading to increase in profits
Pledge

Promoters have not pledged a significant portion of their holding
Retail Holding

Retail has been selling the stock which is usually a good time to buy
Promoter Holding

Promoter has not sold any shares in the last 90 days
Other Income

Other income component is making ratios of the company look optically better
Revenue Recognition

Chances of aggressive revenue recognition - operating profit of company is not getting converted to cash and recievables rising faster than sales

Price & Performance

ROE

Asset turnover is responsible for roe increase over last 10 years
Working Capital

Working capital of the company seems to be under control
Sales Growth

Sales of the company has grown at a good pace
Capex vs ROCE

Company has made significant capex which might be affecting its roce
Current vs Historic Valuation

Company is trading at a premium to 3yr historic valuations
Debt

Company might have issues servicing its debt
Share price

Share price has increased over last 10 years but more due to rerating
Margin Stability

Margins of the company are volatile
ROCE Strength

Roce of the company is not consistently strong
Balance Sheet Strength

Balance sheet is weak and might have solvency issues

Revenue mix

Product Wise Break-Up

Location Wise Break-Up

Operational Metrics

Capacity Utilization - Paper & Board (%)

Shree Ajit Pulp & Paper Ltd.

Capacity Utilization - Paper & Board (%)
Source
Manufacturing Capacity - Paper & Board (MTPA)
Source
Realization/Tonne - Multilayer Testliner Paper (Rs/MT)
Source
Quarterly Sales Volume - Paper & Board (MTPA)
Source

Peer Comparison

Peer Name	Latest Price	PE	Market cap(Cr)	Prom Holding(%)	YoY Qtly Sales(%)	ROCE (%)	ROE (%)
Shree Ajit Pulp	194	17.4	173	59.39	44.29	4.11	3.63
South India Paper	85.42	-16.61	160	32.63	3.84	0.31	-6.09
Kasat Paper	99.7	69.26	108	74.98	2.85	15.26	5.08
Sundaram Multi Pap	2.13	-19.71	101	31.11	-2.13	0.38	-5.48
Astron Paper & Board	19	0.00	88	25.37	-98.87	-2.98	-7.57
Star Paper Mills	175.49	6.7	275	44.93	13.59	11.35	9.89
Shrenik	0.62	-416.97	38	25.38	-20.82	137.1	133.78
Shreyans Inds	228.89	6.22	315	50.53	6.9	27.58	22.83

Corporate Actions

Consolidated DividendRights

DATE

DETAILS

2024, Jan 18

Rights 2 rights eligible for every 3 shares held.

2023, Jul 27

Dividend Dividend of Rs.1 per share

2022, Sep 09

Dividend Dividend of Rs.1 per share

2021, Sep 16

Dividend Dividend of Rs.1 per share

2020, Sep 16

Dividend Dividend of Rs.0.75 per share

FAQs on Shree Ajit Pulp & Paper Ltd. Business

What does Shree Ajit Pulp do?

Shree Ajit Pulp & Paper Ltd manufactures Kraft Paper ranging from 120-220 GSM and 16-28 BF. The company offers a variety of paper products used in packaging like Corrugated Boxes, Liners, and Duplex Cartons.

Who are the competitors of Shree Ajit Pulp?

Shree Ajit Pulp major competitors are South India Paper, Kasat Paper, Sundaram Multi Pap, Astron Paper & Board, Star Paper Mills, Shrenik, Shreyans Inds.
Market Cap of Shree Ajit Pulp is ₹173 Crs.
While the median market cap of its peers are ₹108 Crs.

Is Shree Ajit Pulp financially stable compared to its competitors?

Shree Ajit Pulp seems to be less financially stable compared to its competitors.
Altman Z score of Shree Ajit Pulp is 1.5 and is ranked 7 out of its 8 competitors.

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Discussions & Analysis

Shree Ajit Pulp & Paper Ltd.

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Shree Ajit Pulp & Paper Ltd.