Pulse
NIFTY 5024,980.40+0.35%
SENSEX81,720.10+0.28%
NIFTY SHARIAH 254,850.15+0.42%
GOLD 24K (10g)₹75,420+0.38%
SILVER (1kg)₹88,400-0.12%
ACTIVE IPOS8 Open+38% GMP
TCS₹4,124.50+1.18%
INFY₹1,892.40+1.22%
USD/INR₹83.92-0.04%
NIFTY 5024,980.40+0.35%
SENSEX81,720.10+0.28%
NIFTY SHARIAH 254,850.15+0.42%
GOLD 24K (10g)₹75,420+0.38%
SILVER (1kg)₹88,400-0.12%
ACTIVE IPOS8 Open+38% GMP
TCS₹4,124.50+1.18%
INFY₹1,892.40+1.22%
USD/INR₹83.92-0.04%
Shree Ajit Pulp and Paper Limited

Shree Ajit Pulp and Paper Limited

NSE: SAPPL
Pulp & PaperProcess IndustriesSMALL CAPMCap ₹284.0 Cr
₹319.25₹-9.15 (-2.79%)

Market Closed • NSE

Market cap₹284.0 Cr
Enterprise value₹544.6 Cr
P/E TTM6.84
P/B1.02
EPS TTM₹46.67
ROCE14.30%
D/E0.92
Dividend yield0.00%
Face value₹10.00
52W high₹335.00
52W low₹265.30
Price chart(1Y)
1Y Return:+5.38% (+₹16.30)
H: ₹335L: ₹252
1W-2.40%
1M+11.04%
3M+23.86%
Today at a glance

Day range

₹304.05₹334.00

52 week range

₹265.30₹335.00
Volume9980.32x 20D avg
Free float50.00%-67.60% volume

Shree Ajit Pulp and Paper Limited closed at INR319.25 (-2.79%) on volume 0.32x its 20-day average, trading 4.7% below its 52-week high.

Technical analysis
RSI (14)61.8Neutral (30–70)
MACDBULLISHBullish (Above signal)
ATR (14)₹20.51High
SMA 20₹293.28BULLISH
SMA 50₹290.38BULLISH
SMA 100₹288.70BULLISH
SMA 200—N/A
CPR bottom₹322.20
Pivot₹324.27
CPR top₹326.33
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved +90% QoQ

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
FAIL3/4 criteria
Non-Compliant (Financial Ratios)
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹256.0 Cr₹284.0 Cr90.15%≤ 33%FAIL
Non-halal income ratio–₹701.0 Cr0.00%≤ 5%PASS
Illiquid assets ratio–₹616.0 Cr—≥ 20%PASS
Receivables ratio–₹616.0 Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E6.8421.40
Forward P/E——
P/B1.021.30
EV/EBITDA5.8018.00
PEG—1.50
Earnings yield14.604.70
Growth & profitability
RevenuePAT
FY21PAT margin 9.00%
FY22PAT margin 5.30%
FY23PAT margin 5.60%
FY24PAT margin 2.70%
FY25PAT margin 1.80%
FY26PAT margin 4.30%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+23.50%
Revenue CAGR 5Y+21.30%
PAT CAGR 3Y+12.60%
PAT CAGR 5Y+4.60%
Operating margin15.86%
Net margin5.73%
Financial health & cash flow
Net debt₹256.0 CrModerate
Interest coverage2.80xEBIT / interest
CFO / PAT1.91x3Y average
Net debt / EBITDA2.72xLeverage
Operating cash flow₹63.0 Cr
Capital expenditure–
Free cash flow₹63.0 Cr
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall68/100
Valuation75/100
Profitability65/100
Financial health65/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

High Cash Flow Conversion: CFO/PAT averaged 1.91x over last 3 years

Attractive Valuation: P/E of 6.8x trades below sector historical averages

Risks

Subject to cyclical raw material and macro industry pressures

Bull case

Market Leadership: Established operational scale in Pulp & Paper.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · December 2025

Ownership distribution

Dec 2025Latest holding

Category trends

Hover over a period for exact holdings

60%40%20%0%Sept 2024Dec 2024Jun 2025Sept 2025Dec 2025
0.00%Institutional holding
40.40%Public holding
5Periods available
0.00%Promoter pledged
2.15KShareholders
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)85.12%+0.85% latest vs average
Highest delivery100.00%on 11 Sept
Average volume (20D)3.1KTrading-session average
Conviction trendStrengthening+0.85% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
KAMA Holdings Limited
KAMA Holdings LimitedKAMAHOLD
Open analysis
₹17,125.806.580.00%————
Kothari Industrial Corporation Limited
Kothari Industrial Corporation LimitedKOTIC
Open analysis
₹1,760.65—0.00%₹52.00-₹29.00+33.33%-1,350.00%
Elitecon International Limited
Elitecon International LimitedELITECON
Open analysis
₹1,696.426.210.00%₹1,741.00₹104.00+1,752.13%+700.00%
3B Blackbio Dx Limited
3B Blackbio Dx Limited3BBLACKBIO
Open analysis
₹1,352.6324.1132.00%₹33.49₹8.98+50.65%-29.01%
Bajaj Steel Industries Limited
Bajaj Steel Industries LimitedBAJAJST
Open analysis
₹641.3323.2930.00%₹120.35-₹0.27+11.92%-103.65%
ACS Technologies Limited
ACS Technologies LimitedACSTECH
Open analysis
₹523.6936.290.00%₹95.12₹3.92+244.26%+378.05%
Shree Ajit Pulp and Paper Limited
Shree Ajit Pulp and Paper LimitedSAPPL
Current stock
₹283.986.840.00%₹201.00₹19.00+13.56%+171.43%
Bilcare Limited
Bilcare LimitedBI
Open analysis
₹223.0228.790.00%₹226.00₹15.00+21.51%+250.00%
About Shree Ajit Pulp and Paper Limited
Shree Ajit Pulp and Paper Limited

Incorporated in 1995, Shree Ajit Pulp And Paper Ltd does manufacturing of Kraft Paper (Testliner / Multilayer Testliner) which is mainly used for manufacturing of corrugated boxes[1]

IndiaProcess Industries

Questions investors ask
Is Shree Ajit Pulp and Paper Limited Shariah compliant?

Shree Ajit Pulp and Paper Limited is currently screened as Non-Compliant (Financial Ratios) under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (90.15%) exceeds AAOIFI threshold (≤ 33%).

What is Shree Ajit Pulp and Paper Limited's current valuation relative to peers?

Shree Ajit Pulp and Paper Limited trades at a P/E of 6.8x compared to the sector median of 21.4x, and a Price-to-Book of 1.0x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 0.92x and a Net Debt to EBITDA ratio of 2.72x. Interest coverage is 2.8x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at 21.3% while net profit growth averaged 4.6%.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-09. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.