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Saffron Industries Ltd (531436)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 531436 NSE: Paper & Paper Products | Small Cap | Saffron Industries Share Price

₹31.99 0.00 (0.00%)

As on 04-Jun'26 16:59

Saffron Industries Ltd (531436)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 531436 NSE: Paper & Paper Products | Small Cap | Saffron Industries Share Price

₹31.99 0.00 (0.00%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹23 Cr.
Current Price
₹32
52-Week Low / High
₹9 / 104
TTM EPS
₹2.2
TTM Sales
₹6.9 Cr.
Book Value per Share
₹-12.2
P/E Ratio
14.60
Industry PE
16.9
Price to Book (P/B)
-2.62
Lower than its 5-year historical median
Price to Sales (P/S)
3.35
Higher than its 5-year historical median
EV/EBITDA
6.67
Higher than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
0.00%
Underperforms industry median
Return on Capital Employed (ROCE)
86.93%
Outperforms industry median
Return on Assets (ROA)
24.04%
Operating Profit Margin
75.7%
Net Profit Margin
44.43%
Gross Profit Margin
76%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-60.99%
Operating Profit Growth (1 Year)
-
23800%
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
60.49%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹-16 Cr.
Equity
₹7.2 Cr.
Face Value
₹10
All Time Low / High
₹1.50 / 104.13

Saffron Industries stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Saffron Industries Ltd a good quality company?
Saffron Industries Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Saffron Industries Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Saffron Industries Ltd vs industry peers?
Saffron Industries Ltd revenue CAGR is -6.47%, compared to the industry median CAGR of 5.29%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Saffron Industries Ltd?
Promoters hold 60.49% of the Saffron Industries Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Saffron Industries Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 18.2% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Saffron Industries Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 7.3%2.5%-10.3%8%-2.3%-15.1%-17.7%-15.5%-27.5%86.9%-
Value Creation
Index
-0.5-0.8NA-0.4NANANANANA5.2-

Growth Parameters

Sales 36.832.95.616.68.817.217.91716.26.37
Sales YoY Gr.--10.6%-82.9%195.2%-46.9%95.2%3.5%-4.7%-4.8%-61%-
Adj EPS 1.60.6-2.41.6-0.5-2.6-2.5-2.1-2.63.92.2
YoY Gr.--66.1%-536.4%NA-131.9%NANANANANA-
BVPS (₹) -6.8-6.2-8.7-7.1-7.6-10.2-12.7-14.8-17.5-13.6-12.2
Adj Net
Profit
1.20.4-1.71.2-0.4-1.9-1.8-1.5-1.92.82
Cash Flow from Ops. 2.2-0.60-0.4-0.23.5-1.2-2.13.35.1-
Debt/CF from Ops. 9.4-36.60-54.6-91.95-15.7-9.65.22.3-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -17.8%-6.5%-29.3%-61%
Adj EPS 10.3%NANANA
BVPSNANANANA
Share Price 18.2% 67% 100% 253.5%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
-21.4-8.532.2-20.26.929.621.515.216.3-25.1-17
Op. Profit
Mgn %
6.83.6-7.313.56.4-4.6-12.40.175.781.8
Net Profit
Mgn %
3.21.2-30.76.9-4.1-11-10-8.8-11.744.423
Debt to
Equity
-4.2-4.6-3.3-4-3.8-2.4-2.1-1.9-1.4-1.2-
Working Cap
Days
87100537140230712250105438773
Cash Conv.
Cycle
-63-71-96-1711420-202161161-304

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales36.8132.915.6316.628.8317.2417.8517.0216.206.32
Operating Expenses + 34.3931.736.0914.388.2618.0418.0316.6116.181.54
Manufacturing Costs10.687.651.753.662.312.121.653.873.132.72
Material Costs20.7921.853.457.845.3815.2415.7111.9512.54-2.11
Employee Cost 1.361.290.660.770.310.500.410.470.340.76
Other Costs 1.550.940.222.100.270.170.260.320.170.17
Operating Profit 2.431.18-0.462.240.57-0.80-0.170.410.024.78
Operating Profit Margin (%) 6.6%3.6%-8.2%13.5%6.4%-4.6%-1.0%2.4%0.1%75.7%
Other Income + 0.090.630.130.160.270.110.020.020.040.03
Exceptional Items 0000000000
Interest 0.0100.180.040.010.010.0100.010.01
Depreciation 1.381.411.241.211.191.201.621.931.942
Profit Before Tax 1.120.40-1.751.15-0.36-1.90-1.78-1.50-1.892.81
Tax 000.010000000
Profit After Tax 1.110.40-1.761.15-0.36-1.90-1.78-1.50-1.892.81
PAT Margin (%) 3.0%1.2%-31.3%6.9%-4.1%-11.0%-10.0%-8.8%-11.7%44.4%
Adjusted EPS (₹)1.60.6-2.51.6-0.5-2.6-2.5-2.1-2.63.9
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Saffron Industries - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + -4.88-4.48-6.24-5.10-5.46-7.36-9.13-10.64-12.58-9.77
Share Capital 7.197.197.197.197.197.197.197.197.197.19
Reserves -12.06-11.67-13.43-12.28-12.65-14.54-16.32-17.82-19.76-16.95
Debt +20.5820.5820.5820.5820.5817.3519.1419.9616.9811.84
Long Term Debt20.5820.5820.5820.5820.5817.3519.1419.9616.9811.84
Short Term Debt0000000000
Minority Interest0000000000
Trade Payables12.5311.056.742.491.691.680.660.321.761.69
Others Liabilities 1.501.600.790.650.670.410.260.704.688.76
Total Liabilities 29.7328.7621.8718.6317.4812.0810.9210.3510.8412.53

Fixed Assets

Net Fixed Assets +20.1018.5914.5213.0411.8510.659.436.694.752.76
Gross Block52.4452.5546.1444.9044.9044.9045.3044.5044.5044.50
Accumulated Depreciation32.3433.9631.6231.8633.0634.2635.8837.8039.7541.74
CWIP 0000000000
Investments 0000000000
Inventories0.970.050.070.030.170.150.012.724.866.97
Trade Receivables4.036.124.834.724.6100000.09
Cash Equivalents 0.680.850.120.060.040.280.480.040.350.32
Others Assets 3.963.162.330.790.8211.010.890.882.39
Total Assets 29.7328.7621.8718.6317.4812.0810.9210.3510.8412.53

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 2.19-0.560-0.38-0.223.47-1.22-2.093.275.10
PBT 1.110.4001.15-0.36-1.90-1.78-1.50-1.892.81
Adjustment 1.581.5801.371.171.181.591.901.861.97
Changes in Working Capital -0.51-2.540-2.9-1.034.19-1.04-2.493.310.33
Tax Paid 0000000000
Cash Flow From Investing Activity + -1.230.9000.380.030.03-0.380.830.040.03
Capex -1.32-0.1100.2500-0.400.81-0.01-0
Net Investments 0000000000
Others 0.091.0100.130.030.030.020.020.040.03
Cash Flow From Financing Activity + -0.970.330-0.02-0-3.231.790.82-2.98-5.14
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -0.63000-0-3.231.790.82-2.98-5.14
Interest Paid -000-0.02000000
Dividend Paid 0000000000
Others -0.340.3300000000
Net Cash Flow -0.020.670-0.02-0.200.270.19-0.440.33-0.01

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
ROCE (%)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Asset Turnover Ratio1.221.140.220.820.491.171.551.61.530.54
PAT to CFO Conversion(x)1.97-1.4N/A-0.33N/AN/AN/AN/AN/A1.81
Working Capital Days
Receivable Days33.1055.70354.90104.80192.7000005
Inventory Days22.305.603.6014.103.401.7029.3085.40341.60
Payable Days203197940215141.8040.3027.101530.30-297.80

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Saffron Industries Ltd FAQs

The current trading price of Saffron Industries on 04-Jun-2026 16:59 is ₹31.99.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Jun-2026 the market cap of Saffron Industries stood at ₹22.99 Cr

The latest P/E ratio of Saffron Industries as of 03-Jun-2026 is 14.60.

The latest P/B ratio of Saffron Industries as of 03-Jun-2026 is -2.62.

The 52-week high of Saffron Industries is ₹104.1 and the 52-week low is ₹9.05.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Saffron Industries is ₹6.86 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Saffron Industries Ltd is a below average quality company.

The key valuation ratios of Saffron Industries Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Saffron Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Saffron Industries Ltd

Madhyadesh Papers (MPL) was incorporated as a public limited company on April 20, 1993 with ROC, Maharashtra at Bombay and the Certificate of Commencement of Business was obtained on October 7, 1993. The company is promoted by Ramgopal Maheshwari, Prakash Maheshwari, Vinod Maheshwari, Nimish Maheshwari, Sameer Maheshwari and their family members, owners of the well-established NavaBharat Group of Newspapers, being published in Central India. It engages in the manufacture and sale of paper products in India. The company offers various paper products, including newsprint in rolls and sheets; kraft paper; and uncoated paper rolls and sheets used for writing, printing, and graphic purposes.

The company proposes to set up a new plant for the manufacture of newsprint with an installed capacity of 15,180 tonnes per annum at Villa Manegoon, Tehsil Saoner, District Nagpur, Maharashtra. The company's plant existing is located at Nagpur.

Business areas of the company:

The company's principal activity is to manufacture printing paper. It manufactures newsprint in rolls or sheets, uncoated paper of a kind used for writing, printing or other graphic purposes in rolls or sheets.

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