Satia Industries Limited (SATIA)

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Satia Industries Limited (SATIA) · mywealthgrid

About

Satia Industries manufactures paper and paper products; market cap ₹598.8 Cr, quarterly revenue ₹360–390 Cr. Operating margins of 10–17% through early 2025 reversed to losses (₹24.52 Cr Sep 2025, ₹17.12 Cr Jun 2026); stock down 26% over one year.

Face value: ₹1

Market cap

₹683 Cr

P/E

—

P/B

0.6×

Dividend yield

0.6%

ROE

3.8%

ROCE

4.6%

Debt / equity

0.27

OPM

9.1%

EPS (TTM)

₹-0.8

Book value

₹108.8

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Consecutive net losses (₹24.52 Cr Sep 2025, ₹17.12 Cr Jun 2026) reverse years of profitability; verify whether cyclical trough or structural earnings erosion.
Operating margins swung 15 percentage points (17.05% Jun 2025 to 2.11% Sep 2025) indicating acute input cost vulnerability and limited pricing power; current average OPM 9.08% is thin.
Extremely low ROE of 3.83% signals poor capital efficiency; verify asset utilization and path to acceptable returns.

Generated analysis · source review pending

Growth drivers

Operating margin recovered to 14.04% (Jun 2026) from 2.11% trough (Sep 2025), suggesting input pressures easing; verify if margin recovery flows to net profit as losses cease.
Operating margins of 14.1–17.05% (Dec 2024–Jun 2025) demonstrate structural capacity for profitability; verify conditions to return to prior levels.
Dividend payments continued through Sep 2025 despite recent losses, indicating underlying cash generation; verify if profitability recovery will resume capital returns.

Generated analysis · source review pending

1,777 historical price candles were omitted because the exchange source has not been verified.

₹68.3-0.2%1Y

Quick read

rule-based

Pros

+Revenue CAGR of 19.8% over the last 5 years

Cons

−Profit declined 3.8% a year over the last 5 years

Research score

Structured signal from quality, growth, valuation and momentum.

40/100

Business quality: 22
Growth: 2
Valuation: 95

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

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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
	434	517	642	738	809	588	891	1,884	1,721	1,512	1,452
COGS	—	—	-242	-284	353	228	399	891	737	710	746
Gross profit	—	—	—	—	455	360	492	993	983	802	706
	415	469	773	859	280	224	311	581	565	532	574
	19	48	112	164	175	136	181	412	419	270	132
OPM %	4.3%	9.4%	17.4%	22.2%	21.6%	23.1%	20.3%	21.9%	24.3%	17.9%	9.1%
Depreciation	—	—	—	48	55	58	64	207	151	157	139
Interest	25	24	24	21	20	18	21	35	30	26	22
	16	3	30	14	15	7	26	14	15	19	60
Profit before tax	10	27	83	110	115	67	123	184	253	107	31
Tax	-3	1	15	22	23	17	22	-9	42	-12	-10
Tax %	-30.2%	5.1%	17.6%	20.3%	20.3%	25.9%	17.9%	-4.7%	16.4%	-11.4%	-31.9%
	13	26	69	88	92	50	101	192	211	119	41
PAT margin %	3%	4.9%	10.7%	11.9%	11.4%	8.4%	11.3%	10.2%	12.3%	7.9%	2.8%
EPS (₹)	—	—	68.7	87.8	9.2	5	10.1	19.2	21.1	11.9	4.1
EPS adjusted (₹)	—	—	—	—	9.2	5	10.1	19.2	21.1	11.9	4.1
	—	—	3.6%	2.8%	1.6%	2%	2%	2.1%	4.7%	3.4%	9.8%
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 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	10	10	10	10	10	10	10
Reserves	—	435	535	723	922	1,039	1,078
	—	295	308	419	305	231	298
	—	261	384	220	167	165	172
Total equity & liabilities	—	1,001	1,237	1,372	1,404	1,445	1,558
	371	432	802	691	838	735	660
CWIP	—	318	87	137	16	99	257
Investments	—	4	7	19	17	58	125
	—	248	340	524	533	552	516
Total assets	—	1,001	1,237	1,372	1,404	1,445	1,558

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	1,445.87	-68.45	1,271.02	428.02	843	-8.12
Co-Generation Division	288.24	120.53

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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 %	—	56.3%	61.2%	55.2%	52.7%	57.1%	53%	48.6%
EBITDA margin %	22.2%	21.6%	23.1%	20.3%	21.9%	24.3%	17.9%	9.1%
EBIT margin %	15.8%	14.9%	13.2%	13.2%	10.9%	15.5%	7.5%	-0.5%
PAT margin %	11.9%	11.4%	8.4%	11.3%	10.2%	12.3%	7.9%	2.8%
Working capital
Receivable days	—	—	56	44	37	35	29	32
Inventory days	—	—	147	134	84	110	105	108
Payable days	—	—	80	101	45	32	39	31
NWC days	—	—	123	77	75	113	96	110
Leverage
Current ratio	—	—	1.09	1.1	1.47	1.73	2.16	1.71
Debt to EBITDA	—	—	2.17	1.7	1.02	0.73	0.86	2.26
Debt to equity	—	—	0.66	0.57	0.57	0.33	0.22	0.27
Interest coverage	6.3	6.7	4.8	6.9	6.2	9.4	5.2	2.7
Asset turnover	—	—	0.59	0.72	1.37	1.23	1.05	0.93
Return ratios
Return on assets %	—	—	4.9%	8.1%	14%	15%	8.2%	2.6%
Return on capital employed %	—	—	10.4%	16.1%	21.4%	25.4%	11%	4.6%
Return on equity %	—	—	11.1%	18.5%	26.2%	22.7%	11.3%	3.8%

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
	52.46%	52.46%	52.46%	52.46%	52.46%	52.46%	52.46%	52.46%	52.46%	52.46%	52.46%	52.46%
	3.78%	2.84%	2.07%	2.85%	1.83%	0.87%	1.03%	0.85%	0.84%	0.72%	0.73%	0.53%
	0.1%	0.08%	0%	0%	0%	0.06%	0.06%	0.07%	0.07%	0.07%	0.07%	0.07%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	43.66%	44.62%	45.47%	44.69%	45.71%	46.61%	46.45%	46.62%	46.63%	46.75%	46.74%	46.94%
No. of shareholders	—	—	—	—	—	—	—	—	56,953	54,527	52,184	51,017

Promoter holding up 0 percentage points since Sep 2023.

28 deals · 11 Feb 2022 – 18 Dec 2023

Date	Client	Type	Venue	Side	Quantity	Price	Value
18 Dec 2023	CRONY VYAPAR PVT LTD	Bulk	NSE	Buy	8,32,616	₹152.87	₹12.73 Cr
18 Dec 2023	CRONY VYAPAR PVT LTD	Bulk	NSE	Sell	7,62,616	₹153.43	₹11.70 Cr
18 Dec 2023	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	6,07,447	₹152.27	₹9.25 Cr
18 Dec 2023	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	6,07,447	₹152.05	₹9.24 Cr
13 Dec 2023	CRONY VYAPAR PVT LTD	Bulk	NSE	Buy	21,27,007	₹145.62	₹30.97 Cr
13 Dec 2023	CRONY VYAPAR PVT LTD	Bulk	NSE	Sell	20,02,007	₹145.52	₹29.13 Cr
13 Dec 2023	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	16,43,265	₹145.13	₹23.85 Cr
13 Dec 2023	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	16,43,265	₹145.14	₹23.85 Cr
13 Dec 2023	QE SECURITIES LLP	Bulk	NSE	Sell	5,18,647	₹144.44	₹7.49 Cr
13 Dec 2023	QE SECURITIES LLP	Bulk	NSE	Buy	4,93,648	₹144.15	₹7.12 Cr

1–10 of 28

1 / 3

Mr. AJAY KUMAR SATIAExecutive Director-Chairperson related to Promoter-CEO-MD
Mr. RAJINDER KUMAR BHANDARIExecutive Director-MD
Ms. PRITI LAL SHIVHARENon-Executive - Independent Director
Mr. ASHOK KUMAR GUPTANon-Executive - Independent Director
Mr. HARDEV SINGHExecutive Director
Mr. VINOD KUMAR KATHURIANon-Executive - Independent Director
Mr. CHIRAG SATIAExecutive Director
Mr. AJAY VYASNon-Executive - Independent Director
Mr. Rajeev KumarNon-Executive - Independent Director
Mr. Deepak Kumar KakkarNon-Executive - Independent Director
Mr. Vibhor KapoorNon-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.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Satia Industries 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

Credit ratings

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

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Events

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

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

20 announcementsExport CSV

7 Sept 2026, 12:28 pmAGM/EGM

NOTICE OF AGM

AGM PDF

19 Aug 2026, 2:49 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

14 Aug 2026, 4:24 pmCompany Update

Announcement under Regulation 30 (LODR)-Press Release / Media Release (Revised)

Press Release / Media Release (Revised) PDF

14 Aug 2026, 4:22 pmCompany Update

Announcement under Regulation 30 (LODR)-Investor Presentation

Investor Presentation PDF

14 Aug 2026, 3:37 pmCompany Update

Date Of AGM; Appointment Of Cost Auditor

General PDF

14 Aug 2026, 3:34 pmCorp. Action

Book Closure

Book Closure PDF

14 Aug 2026, 3:32 pmCorp. Action

Record Date

Record Date PDF

14 Aug 2026, 3:22 pmResult

Financial Result For The Quarter Ended 30.06.2026

Financial Results PDF

Date	Category	Subject	Filing
7 Sept 2026, 12:28 pm	AGM/EGM AGM	NOTICE OF AGM	PDF
19 Aug 2026, 2:49 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	56.3%	61.2%	55.2%	52.7%	57.1%	53%	48.6%
EBITDA margin %	22.2%	21.6%	23.1%	20.3%	21.9%	24.3%	17.9%	9.1%
EBIT margin %	15.8%	14.9%	13.2%	13.2%	10.9%	15.5%	7.5%	-0.5%
PAT margin %	11.9%	11.4%	8.4%	11.3%	10.2%	12.3%	7.9%	2.8%
Working capital
Receivable days	—	—	56	44	37	35	29	32
Inventory days	—	—	147	134	84	110	105	108
Payable days	—	—	80	101	45	32	39	31
NWC days	—	—	123	77	75	113	96	110
Leverage
Current ratio	—	—	1.09	1.1	1.47	1.73	2.16	1.71
Debt to EBITDA	—	—	2.17	1.7	1.02	0.73	0.86	2.26
Debt to equity	—	—	0.66	0.57	0.57	0.33	0.22	0.27
Interest coverage	6.3	6.7	4.8	6.9	6.2	9.4	5.2	2.7
Asset turnover	—	—	0.59	0.72	1.37	1.23	1.05	0.93
Return ratios
Return on assets %	—	—	4.9%	8.1%	14%	15%	8.2%	2.6%
Return on capital employed %	—	—	10.4%	16.1%	21.4%	25.4%	11%	4.6%
Return on equity %	—	—	11.1%	18.5%	26.2%	22.7%	11.3%	3.8%

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

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	154	160	282	362	285	233
	-224	-206	-194	-171	-172	-255
	69	46	-88	-192	-109	22
Net cash flow	-1	0	-1	-0	4	0
Free cash flow	-69	-58	79	182	149	20
CFO / Operating profit %	112.9%	88.4%	68.5%	86.5%	105.6%	177.1%

Satia Industries 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

No fund holdings on record

Documents

Announcements

Annual reports

Credit ratings

Events

Announcements

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Credit ratings

16

1

1

Segment results

Compounded sales growth

Compounded profit growth

Return on equity

Agricultural · revenue

Satia Industries Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

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

Credit ratings

Events

Announcements

Ratio timeline

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Credit ratings

Quarterly record

Bulk & block deals

Board and management

Dividends16

Board meetings1

Stock splits1

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Agricultural · revenue

16

1

1