Subam Papers share price & results
- Jun 2026
- Sept 2026
Tirunelveli (Tamil Nadu) paper-packaging manufacturer making Kraft Paper and Duplex Board from recycled waste paper, extending into corrugated boxes, cones and tubes via group LLPs.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 139 | +13.3% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 10.6 | +2.5 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 7.5 | +68.2% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 0.92 | −7.0 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 1.03 | −2.5 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | −0.8 pts | Trailing twelve months | TTM to Jun 2026 | Not in the analysed materials. No older figure is substituted. |
Price
Performance +47.8% 1Y
1Y: ₹146.75 on 24 Oct 2025 → ₹216.9. High ₹247.8 (9 Oct 2026), low ₹141 (30 Mar 2026).
- Previous close
- ₹205.2
- Market cap
- ₹621 Cr
- 52-week range
- ₹141 – ₹247.8
- One year
- +44.17%
- Price to earnings (TTM to Jun 2026)
- 188.75×
- Return on equity (TTM to Jun 2026)
- 0.92%
Overview
- Symbol
- NSE:SUBAM
- Sector
- Capital Goods
- Industry
- Industrials
- Exchange
- NSE
- Currency
- INR
What SUBAM PAPERS LIMITED does
Based on the company's own presentations, annual report and earnings calls.
Subam Papers manufactures Kraft Paper and Duplex Board using waste paper as raw material instead of wood pulp, supplying packaging-grade paper in various shades, GSM and sizes to industries such as automobiles, textiles, FMCG, food, distilleries, pharmaceuticals and electricals. It has expanded from its original paper-cone business into value-added packaging products — corrugated boxes, paper tubes and paper cores — made through subsidiaries and group LLPs. The company also runs captive wind and solar power generation to supply its manufacturing units, and a subsidiary provides logistics and warehousing services for raw-material collection and finished-goods dispatch.
Segments
- Paper manufacturing (Kraft Paper, Duplex Board)
- Packaging products (corrugated boxes, paper cones, tubes, cores)
- Captive renewable power (wind + solar)
- Logistics and warehousing
- Consolidated paper production capacity
- Targeted to exceed 1,000 tonnes/day after ongoing expansion (by Q4 FY26)
- Paper machine capacity expansion plan
- PM-1 (Duplex Board) to 150 MTPD; PM-2 (Kraft Paper) to 400 TPD; PM-3 (multi-grade paper) to 350 TPD; cone board machine to 100 TPD
- Captive solar power capacity
- 14 MW
- Captive wind power capacity
- ~1.7 MW (two windmills of 850 KW each)
- Co-generation power plant (proposed, subsidiary)
- 9.5 MW
- Product specification range
- GSM 120–300; Bursting Factor 16–35; Deckle 2,000–4,400 mm; reel diameter up to 1,400 mm
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +68% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|
| Sales | 270 | 110 | 123 | 126 | 119 | 124 | 139 |
| Expenses | 230 | 100 | 113 | 118 | 113 | 123 | 125 |
| Operating profit | 39 | 10 | 10 | 8 | 7 | 1 | 15 |
| Operating margin | 15.0% | 9.0% | 8.1% | 6.5% | 5.8% | 0.9% | 10.6% |
| Other income | 1 | 1 | 0 | 1 | 0 | 1 | 1 |
| Interest | 9 | 3 | 3 | 3 | 3 | 3 | 2 |
| Depreciation | 8 | 3 | 3 | 3 | 3 | 3 | 3 |
| Profit before tax | 24 | 5 | 5 | 3 | 1 | -4 | 10 |
| Tax rate | 29.0% | 25.3% | 2.6% | −77.1% | 25.4% | −34.2% | 26.3% |
| Net profit | 18 | 3 | 4 | 5 | 1 | -3 | 8 |
| EPS (₹ per share) | 10.26 | 1.46 | 1.92 | 1.97 | 0.44 | -0.96 | 2.73 |
| Line item | Mar 2026 |
|---|---|
| Sales | 493 |
| Expenses | 466 |
| Operating profit | 26 |
| Other income | 2 |
| Interest | 12 |
| Depreciation | 12 |
| Profit before tax | 5 |
| Net profit | 7 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 2 | 2 | 2 | 23 | 23 | 27 |
| Reserves | 160 | 162 | 191 | 290 | 310 | 366 |
| Borrowings | 115 | 103 | 123 | 114 | 227 | 65 |
| Other liabilities | 61 | 62 | 54 | 74 | 103 | 107 |
| Total liabilities | 337 | 329 | 370 | 501 | 662 | 565 |
| Fixed assets | 123 | 135 | 144 | 162 | 256 | 160 |
| Capital work in progress | 0 | 0 | 20 | 0 | 78 | 1 |
| Investments | 16 | 16 | 15 | 145 | 8 | 145 |
| Other assets | 198 | 178 | 191 | 194 | 321 | 259 |
| Total assets | 337 | 329 | 370 | 501 | 662 | 565 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 17 | 19 | 43 | 28 | 27 | 32 |
| Cash from investing | -14 | -120 | -21 | -35 | -101 | -43 |
| Cash from financing | -7 | 101 | -22 | 7 | 74 | 10 |
| Net cash flow | -4 | 0 | 0 | 0 | 0 | 0 |
| Free cash flow | 13 | -76 | 16 | -10 | 16 | 21 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 84 | 84 | 60 | 75 | 99 | 89 |
| Inventory days | 60 | 90 | 37 | 74 | 63 | 105 |
| Days payable | 64 | 77 | 54 | 55 | 50 | 86 |
| Cash conversion cycle | 81 | 96 | 43 | 94 | 112 | 108 |
| Working capital days | 91 | 48 | 26 | 28 | 44 | 48 |
| Return on capital employed | 30.0% | 19.0% | 6.0% | 18.0% | 13.0% | 5.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Ownership
Who owns it
Promoters hold 58.93% as of Sept 2026; institutions added 0.25 pts since Jun 2026.
- Promoters 58.93%
- Foreign institutions 0.19%
- Domestic institutions 5.21%
- Public 35.68%
Who is on the register
Named in the Sep 2026 filing
Every holder of SUBAM PAPERS LIMITED above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 30.78% | unchanged | |
| 10.43% | unchanged | |
| 7.02% | unchanged | |
| 5.73% | unchanged | |
| 3.64% | unchanged | |
| 3.64% | unchanged | |
| 3.57% | unchanged | |
| AIF | 3.22% | unchanged |
| 1.26% | unchanged | |
| 1.09% | unchanged | |
| 1.00% | unchanged | |
| 0.14% | 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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