Shree Ajit Pulp and Paper
- Market cap
- ₹ 267 Cr.
- P/E
- 7.2x
- P/B
- 0.99x
- 52-week range
- 252 – 379.95
- ROE
- 11%
- ROCE
- 14%
- Dividend yield
- 0%
- Debt / equity
- 0.92
- Sector
- Paper, Forest & Jute Products
- Industry
- Paper & Paper Products
- Listed on
- NSE, BSE
About
Shree Ajit Pulp and Paper Limited is an India-based recycled kraft paper manufacturer. The Company has a single operating segment, which is manufacturing of kraft paper (testliner and multilayer testliner). The Company manufactures multilayer test liner and test liner paper from 80 to 350 grams per square meter (GSM) and 18 to 35 BF. This product is mainly used for making corrugated boxes, duplex cartons, corrugated small e-flutes and others as packaging material. Its products Fluting Medium, Test Liner & Semi Kraft Liner are available in Natural Shade, while Test Liner and Semi Kraft Liner are available in Ajit Gold Shade. Its products are used as fast-moving consumer goods (FMCG), packaging items for industrial and domestic purposes, paper bags, among others. The Company has two windmills of total capacity of approximately 2.75 megawatts in Gujarat State, set up for captive consumption.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Paper & Paper Products: 54 companies →Shree Ajit Pulp and Paper against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)7.2 against a typical 16.6: cheaper than most peers (1st = cheapest).9th of 52
- Sales growth+13.6% against a typical +10% from a year earlier.20th of 44
- Profit growth+171.4% against a typical +23% from a year earlier.8th of 33
- Share price, 3 months+11.1% against a typical −4.7%.10th of 50
- Size₹ 266.9 Cr. market value against a typical ₹ 86.8 Cr. (1st = largest).12th of 49
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Moderate safety, with caution
Rated BBB+ by ICRA- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| ICRA | [ICRA]BBB+ | Stable | 14 May 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 14 May 2026 | Reaffirmed | [ICRA]BBB+ | — | ICRA | ₹ 633 Cr. | |
| 8 Apr 2026 | Reaffirmed | [ICRA]BBB+ | — | ICRA | ₹ 633 Cr. | |
| 26 Aug 2025 | Reaffirmed | [ICRA]BBB+ | — | ICRA | ₹ 495 Cr. |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 68 | 43 | 107 | 118 | 111 | 121 | 155 | 177 | 172 | 177 | 175 | 201 |
| Expenses | 63 | 38 | 102 | 107 | 101 | 108 | 137 | 154 | 152 | 154 | 148 | 165 |
| Operating Profit | 5 | 5 | 5 | 11 | 10 | 13 | 18 | 23 | 21 | 23 | 26 | 36 |
| OPM % | 7% | 12% | 5% | 9% | 9% | 10% | 11% | 13% | 12% | 13% | 15% | 18% |
| Other Income | 0 | 0 | 6 | 0 | 0 | 0 | 2 | 0 | 0 | 0 | 2 | 1 |
| Interest | 1 | 1 | 5 | 5 | 5 | 6 | 8 | 8 | 7 | 7 | 12 | 8 |
| Depreciation | 2 | 2 | 4 | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 5 | 5 |
| Profit before tax | 2 | 2 | 3 | 3 | 2 | 3 | 7 | 10 | 9 | 11 | 12 | 24 |
| Tax % | 53% | 29% | 3% | 26% | 26% | 26% | 33% | 31% | 32% | 32% | 21% | 24% |
| Net Profit | 1 | 2 | 3 | 2 | 1 | 2 | 5 | 7 | 6 | 8 | 10 | 19 |
| EPS in Rs | 1.28 | 1.79 | 3.2 | 2.46 | 1.56 | 2.1 | 5.1 | 7.95 | 6.57 | 8.47 | 10.8 | 20.84 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 11%
- 5 Years
- 21%
- 3 Years
- 24%
- TTM
- 28%
- 10 Years
- 10%
- 5 Years
- 5%
- 3 Years
- 13%
- TTM
- 180%
- 10 Years
- 9%
- 5 Years
- 6%
- 3 Years
- 14%
- TTM
- —
- 10 Years
- 10%
- 5 Years
- 8%
- 3 Years
- 6%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Shree Ajit Pulp and Paper | ₹ 320.05 | ₹ 267 Cr. | 7.2x | 1x | 11% | — |
| Aditya Birla Real Estate | ₹ 1,043.35 | ₹ 11,654 Cr. | — | 4.3x | −8.7% | −83% |
| JK Paper | ₹ 356.65 | ₹ 6,450 Cr. | 24.2x | 1.2x | 5.1% | 3.9% |
| KS Smart Technologies Ltd | ₹ 77.34 | ₹ 1,269 Cr. | 14.2x | 7.3x | 49.9% | 7.4% |
| GHV Infra Projects | ₹ 244.90 | ₹ 1,937 Cr. | 33.9x | 12.2x | 55.9% | 7.9% |
| Seshasayee Paper and Boards | ₹ 199.05 | ₹ 1,259 Cr. | 16.3x | 0.7x | 4.1% | 4.8% |
Management
- Gautam D. Shah
- Chairman of the Board, Managing Director, Executive Director
- Bela Gautam Shah
- Chief Financial Officer, Whole-Time Director
- Chinmay Mayankkumar Methiwala
- Compliance Officer, Company Secretary
- Goutam Majumder
- Managing Director, Executive Director
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