Saffron Industries Ltd (SAFFRON)

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Saffron Industries Ltd (SAFFRON) · mywealthgrid

About

Saffron Industries Ltd operates in Paper & Paper Products within the Materials sector.

Face value: ₹10

Market cap

₹17 Cr

P/E

5.9×

P/B

—

Dividend yield

ROE

—

ROCE

—

Debt / equity

—

OPM

67.4%

EPS (TTM)

₹3.9

Book value

₹-11.4

52-week high

—

52-week low

—

1,250 historical price candles were omitted because the exchange source has not been verified.

₹23.1-1.7%1Y

Quick read

rule-based

Pros

+Healthy operating margin of 67.4%
+High promoter holding of 60.5% with no pledge

Cons

−Revenue shrank over the last 5 years (-16.8% a year)

Research score

Structured signal from quality, growth, valuation and momentum.

52/100

Business quality: 56
Growth: 0
Valuation: 100

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
	37	34	—	17	—	17	18	17	16	6	7
COGS	-21	-22	—	-8	-5	15	16	12	13	-2	0
Gross profit	—	—	—	—	—	2	2	5	4	—	—
	55	53	—	21	—	3	2	5	4	4	2
	2	2	—	3	—	-1	-0	0	0	5	5
OPM %	6.6%	5.3%	—	20.9%	—	-4.7%	-1%	2.4%	0.1%	75.6%	67.4%
Depreciation	1	1	1	1	1	1	2	2	2	2	2
Interest	—	—	—	—	—	0	0	0	0	0	1
	—	—	—	0	—	0	0	0	0	0	0
Profit before tax	1	0	-2	1	-0	-2	-2	-2	-2	3	1
Tax	—	—	—	—	—	0	0	0	0	0	-0
Tax %	—	—	—	—	—	0%	0%	0%	0%	0%	-5.4%
	1	0	-2	1	-0	-2	-2	-2	-2	3	2
PAT margin %	3%	1.2%	—	6.9%	—	-11%	-10%	-8.8%	-11.7%	44.5%	22.9%
EPS (₹)	1.6	0.6	—	—	—	0	0	0	0	3.9	2.2
EPS adjusted (₹)	—	—	—	—	—	-2.6	-2.5	-2.1	-2.6	3.9	2.2
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 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	7	7	7	7	7	7
Reserves	-15	-16	-18	-20	-17	-15
	17	19	20	17	12	2
	2	1	1	6	10	18
Total equity & liabilities	12	11	10	11	13	12
	11	9	7	5	3	0
CWIP	—	—	0	0	0	0
Investments	0	0	0	0	0	0
	1	1	4	6	10	12
Total assets	12	11	10	11	13	12

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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 %	—	—	11.6%	12%	29.8%	22.6%	—	—
EBITDA margin %	20.9%	—	-4.7%	-1%	2.4%	0.1%	75.6%	67.4%
EBIT margin %	13.7%	—	-11.7%	-10.1%	-8.9%	-11.9%	44%	34.5%
PAT margin %	6.9%	—	-11%	-10%	-8.8%	-11.7%	44.5%	22.9%
Working capital
Receivable days	—	—	0	0	0	0	5	93
Inventory days	—	—	4	0	83	141	1,652	1,149
Payable days	—	—	40	15	10	51	401	968
NWC days	—	—	-37	-15	73	90	1,257	273
Leverage
Current ratio	—	—	0.48	1.15	3.15	0.87	0.89	0.62
Debt to EBITDA	—	—	—	—	48.68	1,698	2.48	0.42
Debt to equity	—	—	-2.36	-2.1	-1.88	-1.35	-1.21	-0.24
Interest coverage	—	—	—	—	—	—	—	2.6
Asset turnover	—	—	1.43	1.63	1.64	1.49	0.5	0.57
Return ratios
Return on assets %	—	—	-15.7%	-16.3%	-14.5%	-17.4%	22.4%	13.1%
Return on capital employed %	—	—	-19%	-17.8%	-15.5%	-27.5%	86.7%	-115.4%
Return on equity %	—	—	25.9%	19.5%	14.1%	15%	-28.8%	-19.2%

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
	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%	60.49%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	39.4%	39.4%	39.4%	39.4%	39.4%	39.4%	39.4%	39.4%	39.4%	39.4%	39.4%	39.4%
No. of shareholders	—	—	—	—	—	—	—	—	2,685	3,552	3,519	3,373

Promoter holding up 0 percentage points since Sep 2023.

4 deals · 28 Jul 2025 – 9 Dec 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
9 Dec 2025	PRASHANT GUPTA	Bulk	BSE	Sell	60,002	₹43.81	₹0.26 Cr
5 Dec 2025	PRASHANT GUPTA	Bulk	BSE	Buy	60,001	₹37.39	₹0.22 Cr
5 Dec 2025	SURYABEN PRAVIN GUDHKA	Bulk	BSE	Sell	38,800	₹37.39	₹0.15 Cr
28 Jul 2025	MAHENDRA GIRDHARILAL WADHWANI	Bulk	BSE	Buy	60,364	₹20.36	₹0.12 Cr

1–4 of 4

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. Manoj Rameshwar SinhaChairperson & Whole Time Director
Smt. Shriranga Vinod MaheshwariNon Executive Director
Mr. Shekhar Madhav CandleNon Executive Independent Director
Mr. Thomas George DavidNon-Executive Independent Director
Mr. Anil BajpaiChief Financial 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 Saffron Industries Ltd. 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

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Events

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

1

Board meeting to consider results29 Jul 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

21 announcementsExport CSV

1 Sept 2026, 12:43 pmCompany Update

Notice Of The 33Rd AGM OF Saffron Industries Limited For The Year Ended On 31St March 2026.

General PDF

1 Sept 2026, 12:21 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

20 Aug 2026, 4:30 pmOthers

Board Meeting Outcome for Outcome Of Board Meeting Held On 20Th August, 2026.

Outcome without intimation PDF

29 Jul 2026, 6:38 pmResult

Submission Of Unaudited Financial Results For The Quarter Ended On 30Th June, 2026

Financial Results PDF

29 Jul 2026, 6:17 pmBoard Meeting

Board Meeting Outcome for Submission Of Un-Audited Financial Results For The Quarter Ended On 30Th June, 2026

Outcome of Board Meeting PDF

25 Jul 2026, 3:51 pmBoard Meeting

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

Exchange filing PDF

8 Jul 2026, 5:12 pmCompany Update

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 PDF

3 Jul 2026, 4:10 pmCompany Update

Revised Outcome Of Board Meeting Held On 30Th May 2026 For Submission Of Annual Audited Financial Results Of The Company For The Quarter And Financial Year Ended 31St March 2026

General PDF

Date	Category	Subject	Filing
1 Sept 2026, 12:43 pm	Company Update General	Notice Of The 33Rd AGM OF Saffron Industries Limited For The Year Ended On 31St March 2026.	PDF
1 Sept 2026, 12:21 pm	Others Reg. 34 (1) Annual Report	Reg. 34 (1) Annual 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 %	—	—	11.6%	12%	29.8%	22.6%	—	—
EBITDA margin %	20.9%	—	-4.7%	-1%	2.4%	0.1%	75.6%	67.4%
EBIT margin %	13.7%	—	-11.7%	-10.1%	-8.9%	-11.9%	44%	34.5%
PAT margin %	6.9%	—	-11%	-10%	-8.8%	-11.7%	44.5%	22.9%
Working capital
Receivable days	—	—	0	0	0	0	5	93
Inventory days	—	—	4	0	83	141	1,652	1,149
Payable days	—	—	40	15	10	51	401	968
NWC days	—	—	-37	-15	73	90	1,257	273
Leverage
Current ratio	—	—	0.48	1.15	3.15	0.87	0.89	0.62
Debt to EBITDA	—	—	—	—	48.68	1,698	2.48	0.42
Debt to equity	—	—	-2.36	-2.1	-1.88	-1.35	-1.21	-0.24
Interest coverage	—	—	—	—	—	—	—	2.6
Asset turnover	—	—	1.43	1.63	1.64	1.49	0.5	0.57
Return ratios
Return on assets %	—	—	-15.7%	-16.3%	-14.5%	-17.4%	22.4%	13.1%
Return on capital employed %	—	—	-19%	-17.8%	-15.5%	-27.5%	86.7%	-115.4%
Return on equity %	—	—	25.9%	19.5%	14.1%	15%	-28.8%	-19.2%

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	3	-1	-2	3	5	10
	0	-0	1	0	0	1
	-3	2	1	-3	-5	-10
Net cash flow	0	0	-0	0	-0	0
Free cash flow	3	-2	-2	3	5	10
CFO / Operating profit %	—	—	-509.8%	—	106.7%	208.4%

Saffron Industries Ltd

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

1

Announcements

Not in the F&O segment

1

No fund holdings on record

Announcements

Annual reports

Compounded sales growth

Compounded profit growth

Saffron Industries Ltd

About

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

Events

Board meetings1

Announcements

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Not in the F&O segment

Board meetings1

No fund holdings on record

Announcements

Annual reports

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

1

1