Pakka Limited (PAKKA) · mywealthgrid

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About

Pakka Limited manufactures paper and paper products with a market capitalization of ₹400.87 Cr and recent quarterly revenues of ₹100–117 Cr. The company operates in the Paper, Forest & Jute Products industry within the Materials sector and has shown operational recovery in recent quarters after margin compression in mid-2025.

Face value: ₹10

Market cap

₹324 Cr

P/E

23.3×

P/B

0.7×

Dividend yield

ROE

1.4%

ROCE

3.4%

Debt / equity

0.99

OPM

8.6%

EPS (TTM)

₹3.1

Book value

₹103.1

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Valuation stretched: PE of 42.97 versus ROE of 10.67% suggests investors are pricing earnings growth not yet evident in capital returns
Operating margin volatility: OPM ranged from 2.25% (Sep 2025) to 16.36% (Dec 2025) across recent quarters; verify what causes these swings
Minimal foreign institutional interest: FII holding at 0.05% as of Jun 2026; verify reasons for absence of foreign capital
Stock price down 49.41% over one year despite recent revenue strength at ₹117.19 Cr (Jun 2026); clarify disconnect between operational and market performance

Generated analysis · source review pending

Growth drivers

Revenue grew to ₹117.19 Cr in Jun 2026 from ₹82.24 Cr in Jun 2025 (42% YoY); verify if driven by structural demand or one-off factors
Operating margin recovered to 13–14% in recent quarters (Jun, Dec 2026) from 2.25% trough (Sep 2025); verify cost normalization is sustainable
Dividend payment history through at least 2023 indicates cash generation; verify if recent quarters maintain sufficient free cash flow
Paper and forest products industry positioning; verify company's market share, addressable market size, and capacity constraints

Generated analysis · source review pending

2,177 historical price candles were omitted because the exchange source has not been verified.

₹72.3-0.8%1Y

Quick read

rule-based

Pros

No positive flags triggered.

Cons

−Low return on equity of 10.4% (3-yr avg)
−Profit declined 47.9% a year over the last 3 years
−Revenue shrank over the last 3 years (-4.4% a year)
−Promoter holding fell 2.4 pts over the last year

Research score

Structured signal from quality, growth, valuation and momentum.

37/100

Business quality: 14
Growth: 33
Valuation: 65

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Jk Paper LimitedJKPAPERJKPAPER	₹6,937 Cr	₹9,373 Cr	₹7,365 Cr	₹968 Cr	13.1%	₹324 Cr	3.9%	7.4%	4.9%	69
West Coast Paper Mills LimitedWSTCSTPAPRWSTCSTPAPR	₹4,802 Cr	₹5,116 Cr	₹4,389 Cr	₹505 Cr	9.7%	₹237 Cr	3.6%	6%	4.4%	106
Seshasayee Paper And Boards LimitedSESHAPAPERSESHAPAPER	₹1,491 Cr	₹1,491 Cr	₹1,817 Cr	₹119 Cr	5.6%	₹99 Cr	4.8%	4.6%	4.1%	79
Andhra Paper LimitedANDHRAPAPANDHRAPAP	₹1,419 Cr	₹1,652 Cr	₹1,702 Cr	₹82 Cr	4%	₹28 Cr	1.1%	2%	1%	68
N R Agarwal Industries LimitedNRAILNRAIL	₹1,121 Cr	₹1,910 Cr	₹2,340 Cr	₹232 Cr	8.1%	₹62 Cr	2%	8.8%	5.5%	44
Tamil Nadu Newsprint & Papers LimitedTNPLTNPL	₹1,022 Cr	₹2,620 Cr	₹4,649 Cr	₹494 Cr	10.4%	₹261 Cr	5.3%	7%	11.3%	-31
Pudumjee Paper Products LimitedPDMJEPAPERPDMJEPAPER	₹907 Cr	₹930 Cr	₹814 Cr	₹125 Cr	15.3%	₹91 Cr	11.6%	17.8%	14.9%	91
Emami Paper Mills LimitedEMAMIPAPEMAMIPAP	₹707 Cr	₹1,524 Cr	₹2,008 Cr	₹241 Cr	10.3%	₹94 Cr	3.2%	14%	9.8%	107
Satia Industries LimitedSATIASATIA	₹683 Cr	₹982 Cr	₹1,443 Cr	₹119 Cr	9.1%	₹-8 Cr	2.8%	4.6%	3.8%	110
Kuantum Papers LimitedKUANTUMKUANTUM	₹670 Cr	₹1,530 Cr	₹1,174 Cr	₹162 Cr	14.8%	₹36 Cr	3.8%	5.4%	3.4%	77
Shree Rama Newsprint LimitedRAMANEWSRAMANEWS	₹433 Cr	₹810 Cr	₹33 Cr	₹-2 Cr	0.7%	₹-69 Cr	-209.4%	0.8%	—	-50
Orient Paper & Industries LimitedORIENTPPRORIENTPPR	₹344 Cr	₹631 Cr	₹895 Cr	₹-32 Cr	-4.2%	₹-71 Cr	-3.2%	-4.2%	-1.9%	32

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	291	408	405	406	356
COGS	116	162	149	167	162
Gross profit	175	246	256	239	195
	112	167	174	179	164
	63	79	82	60	31
OPM %	21.5%	19.4%	20.2%	14.7%	8.6%
Depreciation	10	13	14	16	17
Interest	9	11	9	10	12
	8	12	9	15	11
Profit before tax	51	67	67	48	14
Tax	15	21	24	10	7
Tax %	30.3%	31.2%	35.6%	21.8%	52.1%
	36	46	43	38	7
PAT margin %	12.3%	11.3%	10.7%	9.2%	1.8%
EPS (₹)	—	12.1	11.2	9	1.5
EPS adjusted (₹)	10.1	12.1	11.1	8.4	1.5
	—	19.8%	0%	0%	—
Annual report	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	35	35	38	39	45	45
Reserves	—	130	168	212	407	418
	—	104	104	184	225	460
	—	55	64	72	62	193
Total equity & liabilities	—	325	373	507	738	1,117
	168	177	199	202	210	209
CWIP	—	18	19	45	159	587
Investments	—	0	1	2	2	1
	—	130	154	259	368	320
Total assets	—	325	373	507	738	1,117

₹ Cr	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	32	51	47	11	75
	-29	-38	-69	-178	-367
	2	-17	76	178	243
Net cash flow	5	-4	54	12	-49
Free cash flow	3	12	-13	-180	-298
CFO / Operating profit %	51.8%	64.8%	57.4%	18.7%	245%

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Paper & Pulp	304.3	26.77	1,058.79	550	508.79	5.26
Moulded Products	63.23	-10.84

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	60.1%	60.3%	63.2%	58.8%	54.7%
EBITDA margin %	21.5%	19.4%	20.2%	14.7%	8.6%
EBIT margin %	18%	16.3%	16.7%	10.8%	4%
PAT margin %	12.3%	11.3%	10.7%	9.2%	1.8%
Working capital
Receivable days	28	22	36	42	47
Inventory days	247	220	272	288	329
Payable days	34	20	31	33	92
NWC days	241	222	277	296	284
Leverage
Current ratio	1.19	1.28	2.12	1.94	1.28
Debt to EBITDA	1.66	1.31	2.24	3.76	15.01
Debt to equity	0.63	0.5	0.73	0.5	0.99
Interest coverage	6.4	6.9	8.4	5.6	2.2
Asset turnover	0.9	1.09	0.8	0.55	0.32
Return ratios
Return on assets %	11%	12.3%	8.6%	5.1%	0.6%
Return on capital employed %	27.7%	32.9%	23.5%	11.9%	3.4%
Return on equity %	21.6%	22.4%	17.3%	8.3%	1.4%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	47.79%	47.79%	47.79%	47.49%	47.49%	41.65%	41.65%	41.65%	41.65%	41.65%	41.65%	39.27%
	0.54%	0.07%	0.13%	0.28%	0.37%	0.63%	0.49%	0.19%	0.21%	0.14%	0.17%	0.05%
	0%	0.05%	0%	0%	0.37%	8.23%	8.58%	8.58%	8.01%	8.01%	8.01%	12.03%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	51.67%	52.09%	52.08%	52.23%	51.77%	49.49%	49.28%	49.58%	50.13%	50.2%	50.17%	48.65%
No. of shareholders	—	—	—	—	—	—	—	—	40,734	39,496	38,108	37,643

Promoter holding down 8.52 percentage points since Sep 2023.

25 deals · 2 Sept 2022 – 11 Dec 2024

Date	Client	Type	Venue	Side	Quantity	Price	Value
11 Dec 2024	COMPANY SHIVAAY TRADING	Bulk	NSE	Sell	2,13,143	₹331.17	₹7.06 Cr
11 Dec 2024	COMPANY SHIVAAY TRADING	Bulk	NSE	Buy	69,063	₹337.84	₹2.33 Cr
6 Aug 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	2,93,877	₹320.51	₹9.42 Cr
6 Aug 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	2,93,877	₹321.69	₹9.45 Cr
5 Aug 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	2,21,814	₹296.29	₹6.57 Cr
5 Aug 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	2,21,790	₹296.39	₹6.57 Cr
31 Jul 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	2,00,918	₹292.53	₹5.88 Cr
31 Jul 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	2,00,918	₹292.80	₹5.88 Cr
7 Feb 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	2,02,132	₹320.54	₹6.48 Cr
7 Feb 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	2,02,132	₹320.11	₹6.47 Cr

1–10 of 25

1 / 3

Mr. PRADEEP VASANT DHOBALENon-Executive - Independent Director-Chairperson
Mr. VED KRISHNAExecutive Director-MD
Mr. GAUTAM GHOSHExecutive Director
Mrs. MANJULA JHUNJHUNWALANon-Executive - Non Independent Director
Mrs. KIMBERLY ANN MCARTHURNon-Executive - Non Independent Director
Mr. HIMANSHU KAPOORNon-Executive - Non Independent Director
Mr. BASANT KUMAR KHAITANNon-Executive - Independent Director
Mr. RAHUL KRANTIKUMAR DHARMADHIKARYNon-Executive - Independent Director
Mr. ALOK RANJANNon-Executive - Independent Director
Mrs. ANNA KAY WARRINGTONNon-Executive - Independent Director
Mrs. DINIKA BHATIANon-Executive - Independent Director

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 1 fund houses

Held by these funds

5.86%

of the company's equity

All mutual funds

6.32%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

1 schemes

		Shares
Children's Fund - Investment Plan (Erstwhile known as SBI Magnum Children's Benefit Fund- IP)	SBI Mutual Fund	26.33 L	20.06	0.26%	5.863%	-3.45 L

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Feb 2026TranscriptAI SummaryPPTREC
Nov 2025TranscriptAI SummaryPPTREC

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

5

Final dividend22 Sept 2023 · ex-date₹2.4
Final dividend22 Sept 2022 · ex-date₹2
Final dividend22 Sept 2021 · ex-date₹1
Final dividend6 Aug 2020 · ex-date₹1
Final dividend11 Sept 2019 · ex-date₹1

1

Board meeting to consider results14 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

26 announcementsExport CSV

1 Oct 2026, 6:53 amBoard Meeting

Board Meeting Intimation for Intimation Of Board Meeting Under Regulation 29 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 And Closure Of Trading Window

Exchange filing PDF

30 Sept 2026, 6:40 pmCompany Update

Submission Of Transcript Of The 46Th Annual General Meeting Of The Company Held On Tuesday, 29Th September, 2026

General PDF

30 Sept 2026, 6:37 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

29 Sept 2026, 3:38 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

29 Sept 2026, 12:40 pmCompany Update

Outcome Of The Meeting Of The Board Of Directors Held On 29Th September, 2026 - Appointment Of Mr. Manoj Kumar Maurya As Chief Financial Officer (Key Managerial Personnel) Of The Company On An Interim Basis

General PDF

28 Sept 2026, 11:32 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

28 Sept 2026, 11:30 pmCompany Update

Announcement under Regulation 30 (LODR)-Demise

Demise PDF

10 Sept 2026, 7:13 pmCompany Update

Announcement under Regulation 30 (LODR)-Monitoring Agency Report

Monitoring Agency Report PDF

Date	Category	Subject	Filing
1 Oct 2026, 6:53 am	Board Meeting	Board Meeting Intimation for Intimation Of Board Meeting Under Regulation 29 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 And Closure Of Trading Window	PDF
30 Sept 2026, 6:40 pm	Company Update General

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Pakka Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Events

5

1

Announcements

Not in the F&O segment

5

1

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Segment results

Compounded sales growth

Compounded profit growth

Return on equity

Moulded Products · revenue

Pakka Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Events

Dividends5

Board meetings1

Announcements

Ratio timeline

Not in the F&O segment

Quarterly record

Bulk & block deals

Board and management

Dividends5

Board meetings1

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Profit & loss

Balance sheet

Cash flow

Segment results

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Moulded Products · revenue

5

1

5

1