STHINPA
South India Paper Mills financials
- Market cap
- ₹172 Cr
Quarterly results
Q1 FY27: revenue up 10.0%, net profit up 408.2% 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 | 102 | 84 | 94 | 107 | 112 +10% | 101 +21% | 114 +21% | 118 +10% |
| EBITDA | 6 | 4 | 6 | 10 | 13 +101% | 12 +189% | 15 +150% | 15 +46% |
| Net profit | -1 | -3 | -2 | 1 | 3 +332% | 2 +171% | 5 +302% | 5 +408% |
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 +49.7% 1Y
1Y: ₹79.35 on 10 Sept 2025 → ₹118.8. High ₹128.95 (25 Aug 2026), low ₹68.36 (10 Oct 2025).
Financials, as filed
Revenue grew 17.9% a year over 2 years, FY24 to FY26. Operating margin widened to 11.7%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹312 Cr | ₹369 Cr | ₹434 Cr |
| Operating profit | ₹17 Cr | ₹21 Cr | ₹51 Cr |
| Operating margin | 5.5% | 5.8% | 11.7% |
| Interest | ₹18 Cr | ₹20 Cr | ₹20 Cr |
| Depreciation | ₹18 Cr | ₹17 Cr | ₹17 Cr |
| Net profit | ₹-13 Cr | ₹-10 Cr | ₹11 Cr |
| Net margin | -4.3% | -2.6% | 2.5% |
| Cash from operations | ₹-18 Cr | ₹40 Cr | ₹43 Cr |
| Free cash flow | ₹-20 Cr | ₹38 Cr | ₹39 Cr |
| ROCE | 0.0% | 1.0% | 9.0% |
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 | ₹15 Cr | ₹15 Cr | ₹19 Cr | ₹19 Cr | ₹19 Cr | ₹19 Cr |
| Reserves | ₹171 Cr | ₹191 Cr | ₹215 Cr | ₹202 Cr | ₹196 Cr | ₹204 Cr |
| Borrowings | ₹100 Cr | ₹199 Cr | ₹192 Cr | ₹198 Cr | ₹172 Cr | ₹156 Cr |
| Other liabilities | ₹53 Cr | ₹66 Cr | ₹65 Cr | ₹38 Cr | ₹69 Cr | ₹71 Cr |
| Total liabilities | ₹339 Cr | ₹471 Cr | ₹490 Cr | ₹457 Cr | ₹456 Cr | ₹449 Cr |
| Fixed assets | ₹120 Cr | ₹304 Cr | ₹343 Cr | ₹331 Cr | ₹310 Cr | ₹305 Cr |
| Capital work in progress | ₹106 Cr | ₹39 Cr | ₹17 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹113 Cr | ₹127 Cr | ₹129 Cr | ₹125 Cr | ₹145 Cr | ₹144 Cr |
| Total assets | ₹339 Cr | ₹471 Cr | ₹490 Cr | ₹457 Cr | ₹456 Cr | ₹449 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 added +3.47 pp while promoters trimmed −3.46 pp. The shareholder count shrank 5% to 4,774.
- Promoters
- 27.8%
- DIIs
- 0.1%
- Government
- 0.3%
- Public
- 71.8%
Since Jun 2025
- Public +3.47 pp
- Promoters −3.46 pp
- DIIs 0.00 pp
How it drifted, 12 quarters
Over this window the public went from 66.5% to 71.8% — +5.3 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 33.2%, DIIs 0.1%, Government 0.3%, Public 66.5%.Dec '23: Promoters 33.2%, DIIs 0.1%, Government 0.3%, Public 66.5%.Mar '24: Promoters 33.2%, DIIs 0.1%, Government 0.3%, Public 66.5%.Jun '24: Promoters 33.1%, DIIs 0.1%, Government 0.3%, Public 66.5%.Sep '24: Promoters 33.1%, DIIs 0.1%, Government 0.3%, Public 66.5%.Dec '24: Promoters 33.1%, DIIs 0.1%, Government 0.3%, Public 66.5%.Mar '25: Promoters 32.6%, DIIs 0.1%, Government 0.3%, Public 67.0%.Jun '25: Promoters 31.3%, DIIs 0.1%, Government 0.3%, Public 68.3%.Sep '25: Promoters 30.9%, DIIs 0.1%, Government 0.3%, Public 68.8%.Dec '25: Promoters 27.9%, DIIs 0.1%, Government 0.3%, Public 71.7%.Mar '26: Promoters 27.8%, DIIs 0.1%, Government 0.3%, Public 71.8%.Jun '26: Promoters 27.8%, DIIs 0.1%, Government 0.3%, Public 71.8%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Nandini Modi +0.07 pp 2.85% held
- Sachin Kirit Modi +0.07 pp 2.54% held
- Swapnil K Modi +0.05 pp 1.77% held
- Kirit Modi +0.05 pp 1.61% held
The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of South India Paper Mills Ltd. above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Harshad Natvarlal Modi | 13.55% | unchanged |
| Rajul Harshad Modi | 6.67% | unchanged |
| Anil Kumar Goel | 5.33% | unchanged |
| Fortune Packaging Llp | 4.63% | unchanged |
| Seema Goel | 3.74% | unchanged |
| Upendra Ambalal Patel | 3.56% | unchanged |
| Nandini Modi | 2.85% | +0.07 pp |
| Manish Mahendra Patel | 2.68% | unchanged |
| Sachin Kirit Modi | 2.54% | +0.07 pp |
| Rigid Containers Pvt Ltd | 2.20% | unchanged |
| Jitendra Ambalal Patel | 2.19% | unchanged |
| Priti Rameshchandra Patel | 2.07% | 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.
Learn to analyse South India Paper Mills Ltd.
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