Shree Krishna Paper Mills & Industries Ltd (SKPMIL)

About

Shree Krishna Paper Mills & Industries Ltd is a small-cap paper manufacturer in the Materials sector's Paper, Forest & Jute Products segment, with a market cap of ₹134 Cr and quarterly standalone revenues ranging ₹8–30 Cr. After sustained losses through 2019–2020, recent quarters show operational recovery, with the Mar 2021 quarter achieving near-breakeven profitability (-0.03 Cr net profit) at 7.79% operating margin. The company is predominantly publicly held (57.75%) with promoter ownership at 42.25%.

Face value: ₹10

Market cap

₹127 Cr

P/E

—

P/B

2.4×

Dividend yield

0%

ROE

44.6%

ROCE

13.1%

Debt / equity

0.79

OPM

4.6%

EPS (TTM)

₹-2.4

Book value

₹39.1

52-week high

—

52-week low

—

Key insights

Company research notes and source-linked reviews

Key risks

Profitability recovery remains unproven: 7 of the 8 recent quarters (Jun 2019–Dec 2020) showed net losses; verify if Mar 2021's near-breakeven result signals sustained operational improvement
Thin and volatile margins: operating margin ranged from -12.39% (Dec 2019) to 7.79% (Mar 2021), with current OPM of 4.84%, leaving limited buffer for cost shocks
Very low capital efficiency: ROE of 3.37% despite near-profitability suggests poor returns on shareholder capital
Revenue volatility across quarters (from ₹8.06 Cr in Jun 2020 to ₹29.94 Cr in Mar 2020) indicates operational instability; verify underlying drivers

Generated analysis · source review pending

Growth drivers

Recent operational recovery: Mar 2021 quarter achieved 7.79% OPM with net profit near breakeven (-0.03 Cr), marking the best performance in the 21-month dataset - verify if this reflects sustainable operational improvements
Small absolute scale on thin margins: quarterly revenues of ₹8–30 Cr mean even 2–3% OPM improvement would drive material profit growth from current near-zero levels
Paper sector demand recovery post-disruption could benefit packaging-focused producers - verify end-market recovery timing and company's product positioning

Generated analysis · source review pending

1,540 historical price candles were omitted because the exchange source has not been verified.

₹94.20%1Y

Quick read

rule-based

Pros

+Profit CAGR of 15.7% over the last 3 years
+Revenue CAGR of 26.9% over the last 5 years

Cons

−Thin operating margin of 4.6%

Research score

Structured signal from quality, growth, valuation and momentum.

37/100

Business quality: 39
Growth: 29
Valuation: 44

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

Loading peers…

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
	124	136	137	143	101	69	103	178	144	169	228
COGS	-72	-78	-85	-79	-59	36	58	115	85	100	147
Gross profit	—	—	—	—	—	34	46	63	59	69	81
	187	204	220	210	164	31	38	51	52	60	71
	9	11	2	11	-4	3	7	12	7	8	10
OPM %	7.6%	7.9%	1.4%	8%	-3.8%	4.1%	7.2%	6.8%	5%	4.8%	4.6%
Depreciation	3	3	3	3	4	4	4	4	4	4	4
Interest	5	3	3	3	9	4	6	5	3	4	4
	0	1	0	1	2	0	1	14	1	1	22
Profit before tax	3	25	2	6	-8	-4	-2	17	1	2	25
Tax	—	0	1	1	-2	-1	-0	4	0	1	5
Tax %	—	1.9%	61.6%	24.6%	-30.3%	-20.8%	-23.4%	24.3%	40.6%	42.1%	21.5%
	2	24	1	5	-5	-3	-1	13	0	1	19
PAT margin %	2%	17.7%	0.5%	3.2%	-5.3%	-4.7%	-1.3%	7.1%	0.3%	0.7%	8.5%
EPS (₹)	1.6	17.7	0.5	3.3	-4	2.4	-1	9.3	0.3	0.8	14.4
EPS adjusted (₹)	1.3	17.8	0.5	3.3	-4	-2.4	-1	9.3	0.3	0.8	14.4
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 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	19	14	14	14	14	14	14	14	14	14	14
Reserves	-18	-13	12	16	11	8	6	19	19	21	39
Minority interest	—	—	—	0	—	—	0	0	—	—	—
	34	35	20	21	20	21	33	28	24	32	42
	36	36	36	36	43	35	34	33	29	32	42
Total equity & liabilities	71	72	81	87	87	77	87	93	86	99	137
	27	27	27	28	33	31	32	32	32	30	28
CWIP	1	1	3	6	2	3	0	2	1	2	9
Investments	0	1	1	2	2	2	2	1	2	2	1
	44	43	50	52	51	42	53	57	52	65	99
Total assets	71	72	81	87	87	77	87	93	86	99	137

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	11	31	-1	7	7	6	-4	8	8	2	0
	-1	-3	2	-5	2	-3	-2	2	-3	-3	-6
	-10	-27	-3	-1	-10	-2	6	-10	-6	1	6
Net cash flow	-0	0	-1	1	-1	-0	0	-0	-1	0	-0
Free cash flow	10	27	-8	0	2	2	-7	2	6	-4	-10
CFO / Operating profit %	118.8%	286.6%	-35%	64.6%	—	196.8%	-55.8%	65.5%	117.9%	23%	0.5%

Compounded sales growth

7 years: 7%
5 years: 27%
3 years: 9%
1 year: 35%

Compounded profit growth

7 years: 23%
5 years: —
3 years: 16%
1 year: 1,621%

Return on equity

7 years: 5%
5 years: 15%
3 years: 14%
Last year: 37%

Loading financials…

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 %	—	—	48.8%	44%	35.3%	40.9%	40.7%	35.7%
EBITDA margin %	8%	-3.8%	4.1%	7.2%	6.8%	5%	4.8%	4.6%
EBIT margin %	5.7%	-7.4%	-1.4%	3.5%	4.4%	2.1%	2.5%	2.8%
PAT margin %	3.2%	-5.3%	-4.7%	-1.3%	7.1%	0.3%	0.7%	8.5%
Working capital
Receivable days	39	53	43	22	16	17	20	28
Inventory days	46	57	159	178	73	122	137	106
Payable days	—	92	193	100	62	68	71	59
NWC days	—	17	9	100	28	71	85	75
Leverage
Current ratio	0.95	0.8	0.73	0.9	1.06	1.07	1.07	1.45
Debt to EBITDA	1.88	—	7.46	4.43	2.32	3.4	3.93	4
Debt to equity	0.72	0.85	1	1.67	0.87	0.74	0.93	0.79
Interest coverage	3.1	-0.6	-0.2	0.7	1.7	1.2	1.6	2.2
Asset turnover	1.63	1.16	0.9	1.19	1.92	1.67	1.71	1.67
Return ratios
Return on assets %	5.1%	-6.2%	-4.2%	-1.5%	13.5%	0.4%	1.1%	14.2%
Return on capital employed %	23.1%	-13.3%	-1.6%	12%	18.2%	8.9%	11.4%	13.1%
Return on equity %	15%	-22.3%	-15.5%	-6.6%	38.9%	1.2%	3.3%	36.8%

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.

Loading ratios…

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
	42.23%	42.25%	42.25%	42.25%	42.25%	42.25%	42.25%	42.25%	42.25%	42.25%	42.25%	42.25%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	57.77%	57.75%	57.75%	57.75%	57.75%	57.75%	57.75%	57.75%	57.75%	57.75%	57.75%	57.75%
No. of shareholders	—	—	—	—	—	—	—	—	1,676	1,778	1,718	1,686

Promoter holding up 0.02 percentage points since Sep 2023.

Mr. NARENDRA KUMAR PASARIExecutive Director-Chairperson related to Promoter
Mr. NAYNESH PASARIExecutive Director-MD
Mr. DEV KISHAN CHANDANon-Executive - Non Independent Director
Mr. ASHISH SHARMANon-Executive - Independent Director
Mr. HARISH KUMARNon-Executive - Independent Director
Mrs. DEVIKA OHRINon-Executive - Independent Director
Mr. Sanjiv Kumar AgarwalChief Financial Officer
Ms. Ritika PriyamCompany Secretary & Compliance Officer

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

Loading shareholding…

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.

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 Krishna Paper Mills & Industries Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

Loading fund holders…

Documents

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

Announcements

30

Annual reports

27

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

Loading documents…

Events

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

1

Board meeting to consider results12 Aug 2026

Loading events…

Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

12 announcementsExport CSV

30 Sept 2026, 6:55 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Directorate

Change in Directorate PDF

30 Sept 2026, 6:53 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Management

Change in Management PDF

30 Sept 2026, 6:26 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

29 Sept 2026, 5:22 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

11 Sept 2026, 12:18 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

4 Sept 2026, 12:38 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

3 Sept 2026, 4:36 pmAGM/EGM

Notice Of The 54Th Annual General Meeting Of The Company That Will Be Held On Tuesday, September 29, 2026, At 11:00 A.M. IST Through Video Conferencing/ Other Audio Visual Means (''''VC/ OAVM'''').

AGM PDF

3 Sept 2026, 3:52 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

Date	Category	Subject	Filing
30 Sept 2026, 6:55 pm	Company Update Change in Directorate	Announcement under Regulation 30 (LODR)-Change in Directorate	PDF
30 Sept 2026, 6:53 pm	Company Update Change in Management	Announcement under Regulation 30 (LODR)-Change in Management	PDF
30 Sept 2026, 6:26 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
29 Sept 2026, 5:22 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
11 Sept 2026, 12:18 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
4 Sept 2026, 12:38 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
3 Sept 2026, 4:36 pm	AGM/EGM AGM	Notice Of The 54Th Annual General Meeting Of The Company That Will Be Held On Tuesday, September 29, 2026, At 11:00 A.M. IST Through Video Conferencing/ Other Audio Visual Means (''''VC/ OAVM'''').	PDF
3 Sept 2026, 3:52 pm	Others Reg. 34 (1) Annual Report	Reg. 34 (1) Annual Report.	PDF

Loading announcements…

Shree Krishna Paper Mills & Industries Ltd

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

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Ratios

Ratio timeline

Shareholding

Quarterly record

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

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Ratio timeline

Quarterly record

Board and management

No fund holdings on record

Announcements

Annual reports

Board meetings1

1

1