Is Shree Ajit Pulp & Paper Ltd (SAPPL) a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Shree Ajit Pulp & Paper Ltd is a average quality company .

Is Shree Ajit Pulp & Paper Ltd (SAPPL) undervalued or overvalued?

The key valuation ratios of Shree Ajit Pulp & Paper Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone .

What is Shree Ajit Pulp & Paper Ltd (SAPPL) share price return in the past 10 years?

Shree Ajit Pulp & Paper Ltd share price has appreciated 14.8% annually (CAGR) over the past ten years.

Is Shree Ajit Pulp & Paper Ltd (SAPPL) a good buy now?

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

What is the share price of Shree Ajit Pulp & Paper Ltd (SAPPL)?

Company share prices are keep on changing according to the market conditions. The current trading price of Shree Ajit Pulp & Paper Ltd (SAPPL) on 07-May-2026 11:46:00 at 11:46 is 297.00.

What is the P/E ratio of Shree Ajit Pulp & Paper?

The latest standalone P/E ratio of Shree Ajit Pulp & Paper as of 07-May-2026 is 11.35.

What is the P/B ratio of Shree Ajit Pulp & Paper Ltd (SAPPL)?

The latest standalone P/B ratio of Shree Ajit Pulp & Paper Ltd (SAPPL) as of 07-May-2026 is 1.03.

What is the 52-week high and low of Shree Ajit Pulp & Paper Ltd (SAPPL)?

The 52-week high of Shree Ajit Pulp & Paper Ltd (SAPPL) is Rs. 348.00 and the 52-week low is Rs. 180.00.

Shree Ajit Pulp & Paper Ltd (SAPPL) Share Analysis – Quality, Valuation Zone & Price Trend & DeciZen Rating

Name: Shree Ajit Pulp & Paper Ltd (SAPPL)
Brand: Shree Ajit Pulp & Paper

Shree Ajit Pulp & Paper Ltd (SAPPL) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Shree Ajit Pulp & Paper Ltd (SAPPL)

BSE: 538795 NSE: SAPPL

Key Metrics

Market Cap

₹277 Cr.

P/E Ratio

11.35

Price to Book (P/B)

1.03

Price to Sales (P/S)

0.41

EV/EBITDA

6.29

Return on Capital Employed (ROCE)

7.42%

Current Price

₹297

Return on Equity (ROE)

3.96%

Return on Assets (ROA)

1.63%

Operating Profit Margin

10.1%

Net Profit Margin

1.86%

Gross Profit Margin

Book Value per Share

₹301.4

Sales Growth (YoY)

71.64%

Sales Growth (3 Years)

6.52%

Operating Profit Growth (1 Year)

145.24%

Operating Profit Growth (3 Years)

3.51%

Net Profit Growth (1 Year)

19.01%

52-Week Low / High

₹180 / 348

Net Profit Growth (3 Years)

-27.9%

Dividend Yield

0.00%

Promoter Holding

59.60%

Pledged shares (%)
of Promoter's holding (%)

0.00%

Check Before You Invest

Q.1 Stock return of Shree Ajit Pulp & Paper Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of 14.8% based on the current price.

Q.1 Revenue growth of Shree Ajit Pulp & Paper Ltd?

Shree Ajit Pulp & Paper Ltd revenue growth is 71.6% for FY-2025, which is above its 5-year CAGR of 16.03%, indicating faster growth.

Q.1 Which industry/sub-sector does Shree Ajit Pulp & Paper Ltd belong to?

Shree Ajit Pulp & Paper Ltd belongs to the Paper & Stationary sector, operating specifically within the Paper & Paper Products segment.

Q.1 Promoter shareholding and pledge status of Shree Ajit Pulp & Paper Ltd?

Promoters hold 59.60% of the Shree Ajit Pulp & Paper Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Revenue growth of Shree Ajit Pulp & Paper Ltd vs industry peers?

Shree Ajit Pulp & Paper Ltd revenue CAGR is 16.03%, compared to the industry median CAGR of 6.51%, indicating faster growth and gaining its market share.

DeciZen - make an informed investing decision on Shree Ajit Pulp

Based on:

Data

Overall Rating ⓘ
Login to view analysis. M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

3. Price Trend

Shree Ajit Pulp & Paper stock performance

Key Ratios

Is Shree Ajit Pulp & Paper Ltd an attractive stock to invest in?

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	19.7%	10.5%	12.1%	24.2%	16.5%	21%	18.4%	7.3%	4.4%	7.4%	-
Value Creation Index ⓘ	0.4	-0.3	-0.1	0.7	0.2	0.5	0.3	-0.5	-0.7	-0.5	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	222	209	249	270	240	267	418	372	295	506	681
Sales YoY Gr.	-	-6.1%	19.5%	8.2%	-10.9%	10.9%	56.9%	-11.1%	-20.8%	71.6%	-
Adj EPS ⓘ	15.4	8.1	10.9	29.2	24.9	31.2	31.6	14	3.9	10.6	27.4
YoY Gr.	-	-47.7%	35.4%	167.4%	-14.6%	25.3%	1.4%	-55.6%	-72.2%	170.5%	-
BVPS (₹) ⓘ	110.1	118.2	128.1	156.7	180.8	211.4	242.4	256	302.7	277.9	301.4
Adj Net Profit ⓘ	12.2	6.4	8.6	23.1	19.7	24.7	25	11.1	3.5	9.4	24
Cash Flow from Ops. ⓘ	16.5	14.3	17.7	44.9	32.1	25.2	-7.3	21	19.5	8	-
Debt/CF from Ops. ⓘ	1.6	3.1	2.9	0.8	0.9	1	-6.3	8.1	11.6	35.7	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	9.6%	16%	6.5%	71.6%
Adj EPS ⓘ	-4.1%	-15.8%	-30.6%	170.5%
BVPSⓘ	10.8%	9%	4.7%	-8.2%
Share Price	14.8%	9.6%	18%	62.4%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	15	7.1	8.9	20.5	14.8	15.9	13.9	5.6	1.6	4	9.5
Op. Profit Mgn % ⓘ	12.3	8.9	9.8	16.5	14.3	17	11	7.9	7.1	10.1	12.5
Net Profit Mgn % ⓘ	5.5	3.1	3.5	8.6	8.2	9.3	6	3	1.2	1.9	3.6
Debt to Equity ⓘ	0.3	0.5	0.5	0.3	0.2	0.2	0.2	0.8	1	1.2	-
Working Cap Days ⓘ	96	120	110	99	100	109	111	158	234	141	53
Cash Conv. Cycle ⓘ	51	58	58	54	53	55	57	77	89	65	13

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	27.4	28.1
TTM Sales (₹ Cr.)	681	681
BVPS (₹) ⓘ	301.4	301.8
Reserves (₹ Cr.) ⓘ	259	260
P/BV ⓘ	1.03	1.03
PE ⓘ	11.35	11.09

From the Market
52 Week Low / High (₹)	180.00 / 348.00
All Time Low / High (₹)	9.67 / 348.00
Market Cap (₹ Cr.)	277
Equity (₹ Cr.)	8.9
Face Value (₹)	10
Industry PE ⓘ	17.9

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.01

0.00

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

Valuation of Shree Ajit Pulp - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	222	209	249	270	240	267	418	372	295	506
Operating Expenses ⓘ +	195	190	225	225	206	221	372	343	274	454
Manufacturing Costs	36	34	40	46	48	43	71	73	66	94
Material Costs	141	135	162	151	125	147	261	235	171	312
Employee Cost	12	12	14	16	17	17	19	16	17	22
Other Costs ⓘ	7	9	10	13	15	14	21	18	19	26
Operating Profit ⓘ	27	19	24	44	34	45	46	29	21	51
Operating Profit Margin (%)	12.2%	8.9%	9.8%	16.5%	14.3%	17.0%	11.0%	7.8%	7.1%	10.1%
Other Income ⓘ +	0	0	0	0	1	1	1	0	7	2
Exceptional Items ⓘ	0	0	-1	0	0	0	0	0	0	0
Interest ⓘ	4	4	6	5	4	4	5	6	7	23
Depreciation ⓘ	5	5	6	7	8	8	7	7	9	16
Profit Before Tax ⓘ	18	9	12	33	23	35	35	16	11	14
Tax ⓘ	6	3	4	9	3	10	10	5	3	5
Profit After Tax	12	6	8	23	20	25	25	11	8	9
PAT Margin (%)	5.4%	3.1%	3.3%	8.6%	8.2%	9.3%	6.0%	3.0%	2.7%	1.9%
Adjusted EPS (₹)	15.3	8.1	10.4	29.2	24.8	31.1	31.6	14.3	10.5	10.5
Dividend Payout Ratio (%)	3.30%	6.30%	4.90%	1.70%	2%	2.20%	2.10%	4.80%	0%	0%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	87	94	101	124	143	167	192	203	227	248
Share Capital ⓘ	5	5	5	5	5	5	5	5	7	9
Reserves ⓘ	82	88	96	119	138	162	187	197	219	239
Debt +	20	38	44	29	25	17	39	157	191	247
Long Term Debt	10	15	21	20	21	12	6	139	163	186
Short Term Debt	10	23	23	9	5	5	33	18	28	60
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	14	17	15	17	15	23	23	21	36	32
Others Liabilities ⓘ	36	31	35	42	32	55	59	75	97	77
Total Liabilities ⓘ	157	179	196	211	215	263	313	456	551	604
Fixed Assets
Net Fixed Assets ⓘ +	82	89	111	127	134	129	128	140	294	408
Gross Block	116	94	123	145	160	162	169	189	352	482
Accumulated Depreciation	34	5	12	19	26	34	41	49	58	74
CWIP ⓘ	1	6	2	3	3	1	3	139	44	0
Investments ⓘ	5	6	6	9	9	9	9	9	1	1
Inventories	16	21	22	23	18	31	52	54	55	68
Trade Receivables	37	32	41	31	34	42	56	41	54	78
Cash Equivalents	1	1	1	1	9	25	18	2	1	15
Others Assets ⓘ	15	25	12	17	8	26	47	70	103	33
Total Assets ⓘ	157	179	196	211	215	263	313	456	551	604

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	16	14	18	45	32	25	-7	21	19	8
PBT ⓘ	18	9	12	33	23	35	35	16	11	14
Adjustment ⓘ	9	10	12	12	12	11	11	14	10	37
Changes in Working Capital ⓘ	-7	-2	-4	9	2	-11	-43	-4	2	-42
Tax Paid ⓘ	-4	-3	-2	-9	-5	-9	-10	-5	-3	-2
Cash Flow From Investing Activity ⓘ +	-4	-27	-18	-24	-14	0	-15	-146	-87	-46
Capex	-3	-27	-18	-22	-14	-0	-16	-162	-97	-47
Net Investments	-1	-1	-0	-2	0	0	-0	16	-3	-0
Others ⓘ	-0	0	-0	0	0	0	1	0	13	1
Cash Flow From Financing Activity ⓘ +	-12	13	1	-21	-10	-10	16	110	66	48
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	17	11
Net Proceeds from Borrowing ⓘ	2	5	7	-1	-2	-6	-7	139	24	27
Interest Paid ⓘ	-4	-4	-6	-5	-4	-4	-5	-13	-8	-22
Dividend Paid ⓘ	-0	-0	-0	-0	-0	-0	-1	-1	-1	0
Others ⓘ	-10	13	-0	-14	-4	0	28	-15	33	32
Net Cash Flow ⓘ	-0	-0	-0	0	8	15	-7	-15	-2	10

Finance Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	14.86	7.08	8.46	20.51	14.7	15.87	13.94	5.72	3.67	3.96
ROCE (%)	19.69	10.49	12.09	24.2	16.5	21.02	18.43	7.33	4.44	7.42
Asset Turnover Ratio	1.55	1.32	1.35	1.33	1.13	1.12	1.45	0.97	0.59	0.88
PAT to CFO Conversion(x)	1.33	2.33	2.25	1.96	1.6	1	-0.28	1.91	2.38	0.89
Working Capital Days
Receivable Days	47.80	56.50	52.20	48.80	49.50	51.90	42.90	47.90	58.90	47.70
Inventory Days	27.80	31	31.30	30.70	31.40	33.90	36.50	52.20	67.60	44.50
Payable Days	34.50	42	36.20	38.80	45.40	46.40	32.10	34.60	60.80	39.80

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Shree Ajit Pulp & Paper Ltd FAQs

The current trading price of Shree Ajit Pulp on 07-May-2026 11:46 is ₹297.0.

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 06-May-2026 the market cap of Shree Ajit Pulp stood at ₹277.0 Cr

The latest P/E ratio of Shree Ajit Pulp as of 06-May-2026 is 11.35.

The latest P/B ratio of Shree Ajit Pulp as of 06-May-2026 is 1.03.

The 52-week high of Shree Ajit Pulp is ₹348.0 and the 52-week low is ₹180.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Shree Ajit Pulp is ₹681 ( Cr.) .

About Shree Ajit Pulp & Paper Ltd

Shree Ajit Pulp and Paper was incorporated as Pvt. Ltd. Co. on march 23, 1995 and then was converted into Public Limited Co. on November 13,1995. The Company came out with the Public Issue of Equity Shares worth Rs. 315/- Lacs in the month of October 1996 and at present is listed on regional stock exchange at Vadodara and at additional Stock Exchange at Ahmedabad.

Higher capacity utilisation by the company has lead it on the growth track, the cost reduction and cost controls techniques resulted in improved bottom lines of the company. Modernization of the existing production facility and additions of the capacity are projected as next path of success.

They seek to achieve, maintain and improve continuously the quality of their products in relationship to the requirements for Quality. Improve the Quality of their own operations, so as to meet continuously all customers' stated and implied needs. Emphasize on quality improvement as a part of everyone's job, either by teamwork or individual activities. Taking actions to improve effectiveness and efficiency of activities and processes to provide added benefits to the customers and in turn to the organisation.

Product range of the company includes:

It caters to its customers in the different varieties of Kraft Paper of 120-220 GSM and Bursting Factor (BF) ranging from 16 to 28. It has already developed 35 BF paper in 80 GSM and Golden Yellow paper ranging from 20 BF to 28 BF.

The product is in reels form and is used for making Corrugated Boxes, Liners, Textile Tubes, Duplex Cartons etc. the main consumption is thus in packaging.

The USP of the companyâ€™s product is the consistent quality. It has established itself as a cost effective quality supplier, and they believe however that future competition would be on the basis of Customer service.

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Shree Ajit Pulp & Paper Ltd (SAPPL) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Shree Ajit Pulp Share Price