Shree Rama Newsprint Limited (RAMANEWS)

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Shree Rama Newsprint Limited (RAMANEWS) · mywealthgrid

About

Shree Rama Newsprint produces newsprint and paper products for the Indian printing and publishing sector. At ₹483.51 Cr market cap, it is a mid-cap materials business with concentrated promoter ownership (74.76%) and minimal institutional participation.

Face value: ₹10

Market cap

₹433 Cr

P/E

—

P/B

—

Dividend yield

ROE

—

ROCE

0.8%

Debt / equity

—

OPM

0.7%

EPS (TTM)

₹-4.7

Book value

₹-5.6

52-week high

—

52-week low

—

Key insights

Company research notes and source-linked reviews

Key risks

Profitability collapse: net losses in 7 of 8 recent quarters; Jun 2026 and Mar 2026 posted -₹10.5 Cr and -₹37.91 Cr respectively despite occasional positive OPM, signalling structural stress or one-time charges—verify quantum and recurrence

Revenue erosion: declined 22% from ₹12.43 Cr (Dec 2024) to ₹9.72 Cr (Jun 2026); verify whether demand weakness is cyclical or structural

Margin compression: OPM swung from +15.98% (Mar 2025) to -22.11% (Mar 2026) to -7.61% (Jun 2026); verify input cost inflation, pricing power, and capacity utilization

Newsprint demand headwinds: print media consumption under long-term pressure globally; verify India-specific trends, import competition, and mill utilization rates

Generated analysis · source review pending

Growth drivers

Margin recovery to historical levels: OPM reached +15.98% (Mar 2025); if input costs normalize or pricing improves, operating profit could return despite flat revenue

Cost stabilization: if recent losses reflect pulp and energy price spikes, falling commodity cycles could restore profitability without volume growth—verify raw material cost trends

Revenue stabilization: revenue has held 8–12 Cr/quarter in operations mode; if current quarter's ₹9.72 Cr represents trough, even flat Q-o-Q growth would restore earnings

Sector consolidation: verify whether industry M&A or capacity rationalization could improve pricing or reduce competitive pressure

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹29.4-3.1%1Y

Quick read

rule-based

Pros

+High promoter holding of 74.8% with no pledge

Cons

−Low return on equity of -124.4% (3-yr avg)
−Thin operating margin of 0.7%
−Revenue shrank over the last 5 years (-34.2% a year)
−Weak interest coverage of 0.1×

Research score

Structured signal from quality, growth, valuation and momentum.

39/100

Business quality: 0
Growth: 18
Valuation

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

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	382	389	434	504	337	265	330	47	47	44	33
COGS	-250	-184	284	262	218	176	214	26	25	21	17
Gross profit	—	—	150	242	118	89	116	20	22	23	16
	649	561	140	154	110	105	126	16	16	16	16
	-16	13	10	88	9	-16	-10	4	7	7	0
OPM %	-4.2%	3.4%	2.3%	17.6%	2.6%	-6.1%	-3%	9.5%	13.9%	15.9%	0.7%
Depreciation	14	23	23	23	25	27	29	4	4	4	4
Interest	28	24	25	29	32	37	34	0	37	36	37
	7	11	6	2	4	3	3	-118	-14	-73	-28
Profit before tax	-34	-15	-32	38	-45	-77	-70	-118	-48	-106	-69
Tax	—	-6	-2	0	0	0	0	0	0	0	0
Tax %	—	-39.9%	-6.4%	0%	0%	0%	0%	0%	0%	0%	0%
	-34	-9	-30	38	-45	-77	-70	-118	-48	-106	-69
PAT margin %	-8.9%	-2.3%	-6.9%	7.6%	-13.3%	-29.1%	-21.2%	-253.1%	-102.8%	-240.9%	-209.4%
EPS (₹)	-3.6	-0.8	-2	2.6	-3	-5.2	-4.7	-8	-3.3	-7.2	-4.6
EPS adjusted (₹)	—	-0.6	-2	2.6	-3	-5.2	-4.7	-8	-3.3	-7.2	-4.7
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	148	148	148	148	148	148	148	148	148	148
Reserves	294	265	303	258	181	111	-7	-55	-162	-230
Minority interest	—	—	0	—	—	0	—	—	—	—
	232	292	319	377	430	466	361	364	361	376
	124	88	94	109	112	79	123	144	168	171
Total equity & liabilities	798	793	863	891	871	804	625	600	515	465
	663	646	626	660	706	687	349	345	341	336
CWIP	2	16	56	66	0	0	0	0	0	0
Investments	0	0	0	0	0	0	0	0	0	0
	133	130	181	166	165	117	276	255	174	128
Total assets	798	793	863	891	871	804	625	600	515	465

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Ratios

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

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	48.1%	35.2%	33.6%	35.2%	43.5%	47.3%	52.2%	48.1%
EBITDA margin %	17.6%	2.6%	-6.1%	-3%	9.5%	13.9%	15.9%	0.7%
EBIT margin %	12.9%	-4.8%	-16.3%	-11.6%	0.6%	5.1%	6.4%	-12.1%
PAT margin %	7.6%	-13.3%	-29.1%	-21.2%	-253.1%	-102.8%	-240.9%	-209.4%
Working capital
Receivable days	21	35	38	27	64	30	40	65
Inventory days	115	121	184	96	64	70	81	117
Payable days	—	—	158	84	94	82	74	232
NWC days	—	—	64	38	34	17	47	-50
Leverage
Current ratio	0.55	0.42	0.37	0.25	2.07	0.53	0.29	0.17
Debt to EBITDA	3.61	43.18	—	—	81.12	55.57	51.46	1,710.32
Debt to equity	0.71	0.93	1.31	1.8	2.57	3.95	-25.58	-4.55
Interest coverage	2.3	-0.4	-1.1	-1.1	—	0.1	0.2	0.1
Asset turnover	0.58	0.38	0.3	0.41	0.07	0.08	0.09	0.07
Return ratios
Return on assets %	4.4%	-5%	-8.8%	-8.7%	-18.9%	-8.1%	-20.6%	-14.8%
Return on capital employed %	12.1%	-2.3%	-8.6%	-9.2%	0.4%	0.6%	1.6%	0.8%
Return on equity %	8.5%	-11%	-23.4%	-27%	-84.1%	-52.5%	753.8%	82.9%

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
	74.76%	74.76%	74.76%	74.76%	74.76%	74.76%	74.76%	74.76%	74.76%	74.76%	74.76%	74.76%
	0.05%	0.06%	0.06%	0.05%	0.08%	0.05%	0.05%	0.05%	0.43%	0.43%	0.43%	0.43%
	1.57%	1.57%	1.57%	1.57%	1.57%	1.57%	1.57%	1.57%	1.57%	1.57%	1.57%	1.57%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	23.62%	23.61%	23.61%	23.62%	23.59%	23.62%	23.62%	23.62%	23.24%	23.24%	23.24%	23.24%
No. of shareholders	—	—	—	—	—	—	—	—	84,467	83,587	82,950	82,507

Promoter holding up 0 percentage points since Sep 2023.

1 deal · 12 Feb 2025 – 12 Feb 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
12 Feb 2025	RIDDHI ANKIT DOSHI	Bulk	NSE	Buy	7,85,000	₹22.00	₹1.73 Cr

1–1 of 1

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. GANPATRAJ CHOWDHARYNon-Executive - Non Independent Director-Chairperson
Mr. SIDDHARTH CHOWDHARYExecutive Director
Mr. AMBALAL C PATELNon-Executive - Independent Director
Mr. MEENU SINGHVINon-Executive - Independent Director
Mrs. PALLAVI MITTALNon-Executive - Independent Director
Mr. ALOK JAINNon-Executive - Independent Director
Mr. Mukeshkumar SamdariaChief Financial Officer
Mr. Shubham AjmeraCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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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.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Shree Rama Newsprint Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

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

Announcements

Annual reports

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

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Events

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

1

Board meeting to consider results13 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

7 announcementsExport CSV

30 Sept 2026, 1:21 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

28 Sept 2026, 5:32 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

1 Sept 2026, 5:37 pmAGM/EGM

Notice Convening 35Th Annual General Meeting ("AGM")

AGM PDF

1 Sept 2026, 5:30 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

14 Aug 2026, 9:45 pmCompany Update

Announcement Under Regulation 30 Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015.

General PDF

10 Aug 2026, 7:31 pmBoard Meeting

Board Meeting Intimation for Approval Of Unaudited Financial Results For The Quarter Ended On 30Th June, 2026.

Exchange filing PDF

6 Jul 2026, 8:18 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot

Postal Ballot PDF

Date	Category	Subject	Filing
30 Sept 2026, 1:21 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
28 Sept 2026, 5:32 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	48.1%	35.2%	33.6%	35.2%	43.5%	47.3%	52.2%	48.1%
EBITDA margin %	17.6%	2.6%	-6.1%	-3%	9.5%	13.9%	15.9%	0.7%
EBIT margin %	12.9%	-4.8%	-16.3%	-11.6%	0.6%	5.1%	6.4%	-12.1%
PAT margin %	7.6%	-13.3%	-29.1%	-21.2%	-253.1%	-102.8%	-240.9%	-209.4%
Working capital
Receivable days	21	35	38	27	64	30	40	65
Inventory days	115	121	184	96	64	70	81	117
Payable days	—	—	158	84	94	82	74	232
NWC days	—	—	64	38	34	17	47	-50
Leverage
Current ratio	0.55	0.42	0.37	0.25	2.07	0.53	0.29	0.17
Debt to EBITDA	3.61	43.18	—	—	81.12	55.57	51.46	1,710.32
Debt to equity	0.71	0.93	1.31	1.8	2.57	3.95	-25.58	-4.55
Interest coverage	2.3	-0.4	-1.1	-1.1	—	0.1	0.2	0.1
Asset turnover	0.58	0.38	0.3	0.41	0.07	0.08	0.09	0.07
Return ratios
Return on assets %	4.4%	-5%	-8.8%	-8.7%	-18.9%	-8.1%	-20.6%	-14.8%
Return on capital employed %	12.1%	-2.3%	-8.6%	-9.2%	0.4%	0.6%	1.6%	0.8%
Return on equity %	8.5%	-11%	-23.4%	-27%	-84.1%	-52.5%	753.8%	82.9%

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	11	-15	48	36	-11	11	30	13	9	-1
	-3	-21	-46	-65	-7	-10	2	6	4	21
	-9	35	-2	29	18	-1	-32	-19	-13	-18
Net cash flow	-1	-1	-0	0	-0	-0	-0	0	-0	1
Free cash flow	—	—	—	—	-18	1	30	13	9	-1
CFO / Operating profit %	81.5%	-155.1%	53.9%	415.4%	—	—	673.3%	201.4%	130.8%	-495.5%

Shree Rama Newsprint Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

Board meetings1

Announcements

Not in the F&O segment

Quarterly record

Bulk & block deals

Board and management

No fund holdings on record

Board meetings1

Ratio timeline

Announcements

Annual reports

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Return on equity

1

1