As of 6 Nov 2026, Shree Ajit Pulp & Paper trades at 7.2× trailing earnings, below the industry P/E of 14.0×, and the shares are 12% below their 52-week high. It earns ROCE of 14% and ROE of 11%, and sales and net profit grew 24% and 13% a year over 3 years. Debt is 0.92× equity. It is a small-cap company with a market cap of ₹298 Cr, ranked 16th of 43 Paper & Paper Products companies by market cap; the shares rose 16% over the past year.
- ₹340.00
- ₹340.00
- ₹323.00
- ₹334.65
- 40
Health check
- ReturnsAhead
+16.3% over a year, better than 5 of 7 peers.
- Price tagCheaper
P/E 7.2 vs industry 14.0.
- GrowthStrong
Sales +23.6%, profit +13.2% a year over 3 years.
- ProfitabilityAverage
ROCE 13.7% vs peer median 6.0%.
- Balance sheetFair
Debt 0.92× equity, interest covered 2.5×, Piotroski 8 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹298 Cr
- Small cap
- P/E
- 7.2
- Industry 14.0
- Price to book
- 1.07
- Peers 1.16
- Dividend yield
- 0.00%
- ROE
- 11.4%
- Peers 5.8%
- ROCE
- 13.7%
- Peers 6.0%
- Debt to equity
- 0.92
- Debt ₹256 Cr
- EPS (TTM)
- ₹46.67
- Face value ₹10
- OPM (TTM)
- 14.7%
- Net margin 5.7%
- Sales growth
- +13.6%
- Latest quarter vs a year ago
- Profit growth
- +162.3%
- Latest quarter vs a year ago
- Price to sales
- 0.41
- EV/EBITDA 5.0
Strengths and risks
Strengths
- Quarterly profit up 162.3% on a year ago.
- P/E of 7.2 against an industry P/E of 14.0.
- Positive operating cash flow in each of the last 4 years.
About Shree Ajit Pulp & Paper
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, and corrugated small e-flute. It serves textiles, automobiles, appliances and consumer durables, retail, logistics, foods and beverages, fruits and vegetables, and pharmaceutical industries. Shree…
- Headquarters
- Vapi
- Employees
- 396
- Sector
- Basic Materials
- ISIN
- INE185C01017
- Website
- shreeajit.com
Price range
- Avg volume (3M)
- 2K
- 1-year return
- plus 16.3%
- From 52-week high
- minus 11.8%
Peers · Paper & Paper Products
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| JKPAPERJK Paper | 368.00 | minus 0.90% | 6,673 | 18.9 | 9.2 | 6.2% | 10.1% | 0.43 | 2.8% | minus 3.9% |
| WSTCSTPAPRWest Coast Paper Mills | 738.15 | minus 11.24% | 4,875 | 21.2 | 9.7 | 5.9% | 11.5% | 0.08 | −4.5% | plus 84.7% |
| SESHAPAPERSeshasayee Paper and Boards | 216.45 | minus 0.48% | 1,365 | 11.0 | 8.5 | 4.4% | 7.0% | – | −6.3% | minus 15.5% |
| ANDHRAPAPANDHRA PAPER | 61.52 | minus 1.96% | 1,223 | 23.4 | 10.7 | 1.9% | 4.8% | 0.15 | −6.7% | minus 19.1% |
| NRAILN R Agarwal Industries | 673.00 | minus 0.25% | 1,145 | 18.4 | 10.8 | 7.7% | 9.9% | 1.01 | 6.9% | plus 43.2% |
| TNPLTamil Nadu Newsprint & Papers | 136.26 | minus 2.23% | 943 | 3.6 | 4.9 | 6.3% | 10.2% | 0.70 | −3.6% | minus 8.9% |
| PDMJEPAPERPudumjee Paper Products | 87.80 | minus 0.93% | 834 | 9.2 | 5.4 | – | 14.3% | 0.05 | 2.1% | minus 24.4% |
| SAPPLShree Ajit Pulp & Paper | 335.00 | plus 0.10% | 298 | 7.2 | 5.9 | 13.7% | 14.7% | 0.92 | 23.6% | plus 16.3% |
| Median of 7 peers | – | −0.93% | 1,223 | 18.4 | 9.2 | 6.0% | 10.1% | 0.29 | −3.6% | −8.9% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 177 | 172 | 177 | 175 | 201 | |
| 154 | 152 | 154 | 148 | 165 | |
| 23 | 20.8 | 23.3 | 26.4 | 35.9 | |
| 13.0% | 12.1% | 13.2% | 15.1% | 17.9% | |
| 0.1 | 0.1 | 0.1 | 2.4 | 1 | |
| 7.9 | 7.3 | 7.3 | 11.7 | 7.6 | |
| 5 | 5 | 5 | 4.9 | 5 | |
| 10.3 | 8.6 | 11.1 | 12.2 | 24.3 | |
| 31.2% | 32.0% | 32.2% | 21.5% | 23.6% | |
| 7.1 | 5.8 | 7.5 | 9.6 | 18.5 | |
| 7.95 | 6.56 | 8.47 | 10.80 | 20.84 |
Profit & loss
- Sales CAGR 3Y
- +23.6%
- Profit CAGR 3Y
- +13.2%
- EPS CAGR 3Y
- +8.9%
- ROE
- 11.4%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 371 | 294 | 505 | 700 | |
| – | minus 20.8% | +71.7% | +38.7% | |
| 342 | 273 | 452 | 607 | |
| 29.3 | 21.3 | 52.7 | 93.8 | |
| 7.9% | 7.2% | 10.4% | 13.4% | |
| 6.5 | −0.3 | −0.5 | −3 | |
| 3.3 | 6.3 | 21.7 | 28.7 | |
| 7.2 | 9.6 | 16.4 | 19.9 | |
| −0 | 6.2 | – | −0 | |
| 25.3 | 11.3 | 14.1 | 42.2 | |
| 18.1% | 27.0% | 33.2% | 28.8% | |
| 20.7 | 8.2 | 9.4 | 30 | |
| – | minus 60.1% | +14.2% | +218.9% | |
| 26.13 | 10.03 | 11.31 | 33.78 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 5.4 | 7.5 | 8.9 | 8.9 | |
| 203 | 220 | 239 | 269 | |
| 169 | 226 | 285 | 256 | |
| 51.4 | 62.6 | 67 | 82 | |
| 429 | 516 | 600 | 616 | |
| 293 | 375 | 409 | 391 | |
| 153 | 81.6 | 1.2 | 1.7 | |
| 0 | 0 | 0 | 0 | |
| 2.1 | 0.6 | 10.2 | 1.2 | |
| −20 | 59.1 | 180 | 223 | |
| 429 | 516 | 600 | 616 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 21 | 19.5 | 8 | 62.7 | |
| −146 | −87.3 | −46.4 | −8.5 | |
| 110 | 65.8 | 48.4 | −63.3 | |
| −14.6 | −1.9 | 10 | −9.1 | |
| −162 | −97.2 | −47 | −5.1 | |
| −141 | −77.7 | −39 | 57.6 | |
| −0.5 | −0.5 | – | – |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company.
Major shareholders
Filings & events
News
No recent news coverage found.