SAPPL
Shree Ajit Pulp & Paper financials
- Market cap
- ₹250 Cr
- Sector
- Forest Materials
Quarterly results
Q1 FY27: revenue up 13.6%, net profit up 171.4% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 111 | 121 | 155 | 177 | 172 +55% | 177 +46% | 175 +13% | 201 +14% |
| EBITDA | 10 | 13 | 18 | 23 | 21 +110% | 23 +77% | 26 +44% | 36 +57% |
| Net profit | 1 | 2 | 5 | 7 | 6 +500% | 8 +300% | 10 +100% | 19 +171% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +21.8% 1Y
1Y: ₹238.85 on 10 Sept 2025 → ₹290.8. High ₹315 (25 May 2026), low ₹221 (2 Feb 2026).
Financials, as filed
Revenue grew 54.4% a year over 2 years, FY24 to FY26. Operating margin widened to 13.3%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹294 Cr | ₹505 Cr | ₹701 Cr |
| Operating profit | ₹20 Cr | ₹52 Cr | ₹93 Cr |
| Operating margin | 6.8% | 10.3% | 13.3% |
| Interest | ₹8 Cr | ₹24 Cr | ₹34 Cr |
| Depreciation | ₹10 Cr | ₹17 Cr | ₹20 Cr |
| Net profit | ₹9 Cr | ₹10 Cr | ₹31 Cr |
| Net margin | 3.1% | 2.0% | 4.4% |
| Cash from operations | ₹19 Cr | ₹8 Cr | ₹63 Cr |
| Free cash flow | ₹-76 Cr | ₹-39 Cr | ₹58 Cr |
| ROCE | 3.0% | 7.0% | 14.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹5 Cr | ₹5 Cr | ₹5 Cr | ₹8 Cr | ₹9 Cr | ₹9 Cr |
| Reserves | ₹161 Cr | ₹182 Cr | ₹203 Cr | ₹220 Cr | ₹252 Cr | ₹269 Cr |
| Borrowings | ₹24 Cr | ₹46 Cr | ₹169 Cr | ₹226 Cr | ₹273 Cr | ₹256 Cr |
| Other liabilities | ₹54 Cr | ₹48 Cr | ₹51 Cr | ₹63 Cr | ₹72 Cr | ₹82 Cr |
| Total liabilities | ₹245 Cr | ₹282 Cr | ₹429 Cr | ₹516 Cr | ₹607 Cr | ₹616 Cr |
| Fixed assets | ₹129 Cr | ₹128 Cr | ₹140 Cr | ₹294 Cr | ₹399 Cr | ₹389 Cr |
| Capital work in progress | ₹1 Cr | ₹3 Cr | ₹139 Cr | ₹44 Cr | ₹1 Cr | ₹1 Cr |
| Investments | ₹7 Cr | ₹4 Cr | ₹13 Cr | ₹0 Cr | ₹0 Cr | ₹3 Cr |
| Other assets | ₹108 Cr | ₹147 Cr | ₹136 Cr | ₹179 Cr | ₹207 Cr | ₹223 Cr |
| Total assets | ₹245 Cr | ₹282 Cr | ₹429 Cr | ₹516 Cr | ₹607 Cr | ₹616 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, the public trimmed −0.25 pp while promoters added +0.21 pp. The shareholder count shrank 9% to 2,143.
- Promoters
- 59.6%
- Public
- 40.4%
Since Jun 2025
- Public −0.25 pp
- Promoters +0.21 pp
How it drifted, 12 quarters
Over this window the public fell from 43.2% to 40.4% — −2.8 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 56.8%, Public 43.2%.Dec '23: Promoters 56.8%, Public 43.2%.Mar '24: Promoters 59.3%, Public 40.7%.Jun '24: Promoters 59.4%, Public 40.6%.Sep '24: Promoters 59.4%, Public 40.6%.Dec '24: Promoters 59.4%, Public 40.6%.Mar '25: Promoters 59.4%, Public 40.6%.Jun '25: Promoters 59.4%, Public 40.6%.Sep '25: Promoters 59.4%, Public 40.6%.Dec '25: Promoters 59.6%, Public 40.4%.Mar '26: Promoters 59.6%, Public 40.4%.Jun '26: Promoters 59.6%, Public 40.4%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Shree Ajit Pulp & Paper Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Gautam D Shah | 20.79% | unchanged |
| Suresh Chimanlal Shah | 16.86% | unchanged |
| Mayur Jayantilal Shah | 9.20% | unchanged |
| Varun Shah | 8.35% | unchanged |
| Bela G Shah | 7.56% | unchanged |
| Swetal M Shah | 3.82% | unchanged |
| Sunita S Shah | 3.67% | unchanged |
| Mahesh Hemraj Shah | 3.51% | unchanged |
| Devashri Gautam Shah | 2.36% | unchanged |
| Investor Education And Protection Fund Authority Ministry Of Corporate Affairs | 2.25% | unchanged |
| Rushabh Maheshbhai Shah | 2.18% | unchanged |
| Bharat Mafatlal Shah | 1.67% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
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