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Sangal Papers Ltd (516096)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 516096 NSE: Paper & Paper Products | Small Cap | Sangal Papers Share Price

₹164.20 0.00 (0.00%)

As on 04-Jun'26 16:59

Sangal Papers Ltd (516096)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 516096 NSE: Paper & Paper Products | Small Cap | Sangal Papers Share Price

₹164.20 0.00 (0.00%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹21 Cr.
Current Price
₹164.2
52-Week Low / High
₹143 / 285
TTM EPS
₹18.1
TTM Sales
₹179 Cr.
Book Value per Share
₹353.8
P/E Ratio
9.07
Lower than its 5-year historical median
Industry PE
16.9
Price to Book (P/B)
0.46
Lower than its 5-year historical median
Price to Sales (P/S)
0.12
In line with its 5-year historical median
EV/EBITDA
6.75
In line with its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
6.65%
Outperforms industry median
Return on Capital Employed (ROCE)
9.52%
Outperforms industry median
Return on Assets (ROA)
3.10%
Operating Profit Margin
4.5%
Net Profit Margin
1.57%
Gross Profit Margin
3.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-5.29%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
16.25%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
14.57%
Asset Quality
Promoter Holding
39.48%
Pledged shares (%) of Promoter's holding (%)
38.76%
Reserves
₹45 Cr.
Equity
₹1.3 Cr.
Face Value
₹10
All Time Low / High
₹1.00 / 325.00

Sangal Papers stock performance

Key Ratios
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M-Cap below 100cr DeciZen not available

Q.1 Is Sangal Papers Ltd a good quality company?
Sangal Papers 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 Sangal Papers Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Sangal Papers Ltd vs industry peers?
Sangal Papers Ltd revenue CAGR is 7.48%, compared to the industry median CAGR of 5.29%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Sangal Papers Ltd?
Promoters hold 39.48% of the Sangal Papers Ltd, with 38.76% of their stake pledged, indicating high pledge risk.
Q.1 Stock return of Sangal Papers Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 16.6% 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.
Sangal Papers Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 11.4%11.5%12.4%19.5%7.9%4.6%7%11.9%9.2%9.5%-
Value Creation
Index
-0.2-0.2-0.10.4-0.4-0.7-0.5-0.2-0.3-0.3-

Growth Parameters

Sales 94.4104120148126106155226190180179
Sales YoY Gr.-10.5%14.9%23.8%-15.2%-15.7%46.3%45.9%-15.8%-5.3%-
Adj EPS 13.313.219.946.912.14.811.221.317.821.918.1
YoY Gr.--0.8%51.4%135.5%-74.3%-60.7%135.8%90.3%-16.7%23.2%-
BVPS (₹) 156.1169.3189.3236.5250257.5270295.6314.2335.5353.8
Adj Net
Profit
1.71.72.66.11.60.61.52.82.32.92
Cash Flow from Ops. 492.38.32.56.71.24.54.35.8-
Debt/CF from Ops. 5.528.62.282.815.85.66.24.7-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 7.5%7.5%5.2%-5.3%
Adj EPS 5.7%12.6%25%23.2%
BVPS8.9%6.1%7.5%6.8%
Share Price 15.8% 14.6% 3.7% -10.1%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
8.67.910.921.74.91.94.27.45.86.75.3
Op. Profit
Mgn %
65.24.76.23.63.12.92.93.64.53.7
Net Profit
Mgn %
1.81.72.24.11.30.60.91.21.21.61.3
Debt to
Equity
1.10.80.80.60.60.60.50.70.70.60.3
Working Cap
Days
1361101029511413497789910458
Cash Conv.
Cycle
9179716176896348637119

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales94.35104.23119.75148.23125.69105.92155226.10190.34180.27
Operating Expenses + 88.8498.85114.10139.12121.18102.61150.45219.50183.57172.40
Manufacturing Costs24.7627.1232.7140.9839.2932.8043.3863.1060.7956.99
Material Costs57.6163.5369.3283.3267.8756.4491.74139.42107.4899.73
Employee Cost 2.483.786.087.477.767.287.828.356.817.06
Other Costs 3.984.4167.346.276.097.518.648.488.62
Operating Profit 5.515.395.649.114.513.304.556.606.777.87
Operating Profit Margin (%) 5.8%5.2%4.7%6.1%3.6%3.1%2.9%2.9%3.6%4.4%
Other Income + 0.190.310.631.150.830.470.652.020.990.64
Exceptional Items 0000000000
Interest 2.382.141.631.762.141.641.642.232.572.58
Depreciation 0.830.931.011.181.291.361.431.591.721.92
Profit Before Tax 2.482.623.637.331.900.762.124.803.474
Tax 0.830.911.031.190.100.110.481.4111.18
Profit After Tax 1.661.712.606.141.800.651.643.392.472.83
PAT Margin (%) 1.8%1.6%2.2%4.1%1.4%0.6%1.1%1.5%1.3%1.6%
Adjusted EPS (₹)12.713.119.946.913.85.012.625.918.921.6
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Sangal Papers - 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 + 20.8922.6125.2331.4033.1734.1535.7939.1341.5644.34
Share Capital 1.311.311.311.311.311.311.311.311.311.31
Reserves 19.5821.3023.9230.0931.8732.8534.4837.8340.2543.04
Debt +21.3617.3118.8217.0518.7717.1218.2222.4623.7124.33
Long Term Debt6.606.235.517.046.257.298.519.6810.199.36
Short Term Debt14.7611.0913.3110.0112.529.839.7112.7813.5214.97
Minority Interest0000000000
Trade Payables8.745.3810.9212.538.8812.0812.9618.2113.7312.41
Others Liabilities 5.688.108.017.507.727.697.3410.3310.6311.41
Total Liabilities 56.6753.4162.9868.4868.5571.0474.3190.1389.6292.49

Fixed Assets

Net Fixed Assets +21.1520.7424.9228.1129.6531.7730.2936.3334.9739.50
Gross Block44.4744.9750.0954.2456.586059.7267.1367.4373.63
Accumulated Depreciation23.3124.2325.1726.1326.9428.2329.4330.8032.4534.13
CWIP 0.081.9800.32000.1202.640
Investments 0000000000
Inventories13.619.8314.0515.7313.4813.3616.5422.2422.8622.93
Trade Receivables20.1418.2121.8122.3022.7324.4324.6028.5624.8826.94
Cash Equivalents 0.681.170.300.280.260.230.141.061.420.95
Others Assets 11.481.901.742.431.252.621.942.852.17
Total Assets 56.6753.4162.9868.4868.5571.0474.3190.1389.6292.49

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 3.999.042.318.302.536.711.214.494.305.77
PBT 2.482.623.637.331.900.762.124.803.474
Adjustment 3.323.032.5533.182.922.993.514.224.71
Changes in Working Capital 1.174.15-2.98-0.89-2.063.04-3.54-3.01-2.64-2.23
Tax Paid -0.61-0.75-0.90-1.13-0.50-0.01-0.35-0.81-0.75-0.72
Cash Flow From Investing Activity + -1.87-2.430.07-4.80-2.43-3.47-0.08-7.50-2.98-4.06
Capex -1.79-2.54-0.01-4.83-2.45-3.48-0.08-7.50-3.01-4.08
Net Investments 0000000000
Others -0.080.110.080.030.010.0100.010.030.02
Cash Flow From Financing Activity + -2.03-6.12-0.09-3.47-0.11-3.36-1.143.83-0.96-2.18
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0-0.37-0.721.53-0.791.041.221.170.51-0.83
Interest Paid 0-2.08-1.60-1.70-1.84-1.71-1.56-1.94-2.52-2.53
Dividend Paid 0000000000
Others -2.03-3.672.23-3.302.51-2.69-0.794.591.051.18
Net Cash Flow 0.090.492.290.03-0.01-0.12-00.820.35-0.48

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)8.478.0411.122.055.671.974.769.166.26.65
ROCE (%)11.4411.4612.3919.467.934.567.0411.919.229.52
Asset Turnover Ratio1.691.952.072.261.831.522.132.752.121.98
PAT to CFO Conversion(x)2.45.290.891.351.4110.320.741.321.742.04
Working Capital Days
Receivable Days74.7065.4060.6054.3065.4081.3057.7042.9051.2052.50
Inventory Days55.604036.2036.7042.4046.3035.2031.3043.2046.40
Payable Days60.4040.6042.9051.4057.6067.8049.8040.8054.2047.80

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *38.7638.7638.7638.7638.7638.7638.7638.7638.7638.76
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Sangal Papers Ltd FAQs

The current trading price of Sangal Papers on 04-Jun-2026 16:59 is ₹164.2.

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 Sangal Papers stood at ₹21.47 Cr

The latest P/E ratio of Sangal Papers as of 03-Jun-2026 is 9.07.

The latest P/B ratio of Sangal Papers as of 03-Jun-2026 is 0.46.

The 52-week high of Sangal Papers is ₹285.0 and the 52-week low is ₹143.1.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Sangal Papers is ₹179 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Sangal Papers Ltd is a average quality company.

The key valuation ratios of Sangal Papers Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

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

About Sangal Papers Ltd

Sangal Papers is a paper-manufacturing unit incorporated in 1980 by the Sangal family. Prior to establishment of the paper unit, they were in the business of agriculture, sugar crusher, cinema theaters and film distribution. Presently the company is major manufacturer and supplier of newsprint paper. The company is also dealing in  activity & construction paper.

Since 1980 they have been committing to quality and competitive pricing policy helps us in emerging as one of the leading players in paper manufacturing industry. In order to provide the best quality end product, they follow a planned process in their manufacturing unit. They work very hard to meet quality expectations and delivery schedules. They enjoy a huge client base, as their products have reached beyond the national boundary.

Initially the company had installed capacity of 4500 MT per annum for production of Kraft paper utilizing agricultural residues as chief fibrous raw material. In the year 1992, the company increased its installed capacity from 4500 MT per annum to 7500 MT per annum, maintaining the same line of production. In the year 1994, company further increased the production capacity from 7500 MT per annum to 16500, by way of installing another machine for production of two different types of paper-in one machine, Kraft paper, utilizing agricultural residues as chief fibrous raw material and in second machine, newsprint, utilizing chiefly secondary fibers; maintaining flexibility to manufacture any type of paper on any line of manufacturing. 

Due to extremely low profitability and also, effluent discharge problems with use of agro residues, company switched over its production, entirely for newsprint, utilizing cent-per-cent waste paper. Notably, the newsprint paper sold to newspaper publishers does not attract any excise duty and sales tax. Being notified in Schedule I of NCO 1962. The company is a leading manufacturer and supplier of a wide portfolio of paper and paper products. This paper is made up using recycled paper pulp, some of which is either manufactured in their plant or procured from suppliers.

Initially the company had installed capacity of 4500 MT per annum for production of Kraft paper utilizing agricultural residues as chief fibrous raw material.

Product range of the company includes:

  • News Print Paper This newsprint is manufactured using tones of newspaper mesh by recycling them. They generally supply two kinds of news print paper like white paper and color newsprint. Both have high strength tinsel and opacity with smooth surface that allows printing of photos.
  • Activity & Construction Paper These papers are easily printed and can be cut into various dimensions. These are generally used in various types of creativity work. These are available in both thick and soft texture with glazed and rough surfaces in a variety of colors.

The newsprint paper is being very well accepted by various reputed newspaper publishers all over India:

  • Ajit Samachar
  • Amar Ujala
  • Assam Tribune
  • Dainik Jagran
  • Punjab Kesari
  • Shrinagar Times-Greater Kashmir
  • State Times – Jammu
  • Tribune
  • Dainik Aachran
  • Nai Duniya, and many more.
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