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Saffron Industries

531436 BSE
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Saffron Industries (SAFFRON) share price was ₹23.50 at the 28 Oct 2026 close; market capitalisation ₹16.86 Cr; P/E (TTM) 9.87; sector Forest Materials. The share price fell 68.3% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Jun 2026 quarter, revenue was ₹1.06 Cr, against ₹3.10 Cr a year earlier and net profit was ₹0.12 Cr, against −₹0.09 Cr a year earlier (compared with Jun 2025). Promoters held 60.53% of Saffron Industries in Sep 2026, up 0.04 percentage points from Jun 2026. Its Tapetide Score is 49/100 (Average) as of 28 Oct 2026.

Close 28 Oct 2026 ₹23.50 −54.23 −69.77% 1Y

Key Fundamentals

MicrocapPaper, Forest & Jute ProductsForest Materials
Market Cap
₹16.86 Cr
P/E (TTM)
9.87
EBITDA
₹3.70 Cr
Return on Equity
-19.21%
Debt to Equity
0
Book Value
−₹11.24
EPS (TTM)
₹2.38
52W High
₹104.13
52W Low
₹22.00

Price-based figures as of 28 Oct 2026, 15:30 IST · EPS basis: Standalone · TTM

Peer Comparison

Commodities › Forest Materials › Paper & Paper Products

JK Paper
₹382.1021.356,928 Cr1.251.04%4.70%7.05%7,389 Cr328 Cr
West Coast Paper Mills
₹864.7524.865,712 Cr1.580.37%3.72%5.93%4,490 Cr238 Cr
Andhra Paper
₹67.5448.591,343 Cr0.690.76%0.96%1.99%1,780 Cr28 Cr
Seshasayee Paper & Boards
₹202.1012.871,275 Cr0.601.04%4.04%5.22%2,039 Cr99 Cr
N R Agarwal Industries
₹671.2018.381,142 Cr1.400.30%5.36%8.04%2,344 Cr62 Cr
Tamil Nadu Newsprint & Papers
₹127.923.39885 Cr0.383.10%10.70%6.76%4,727 Cr261 Cr
Pudumjee Paper Products
₹89.019.28845 Cr1.260.70%13.98%16.59%833 Cr92 Cr
Saffron Industries (this company)
—9.8717 Cr—0.00%-19.21%-23.95%5 Cr2 Cr
Median 8 companies₹202.1015.631,208 Cr1.250.73%4.37%6.35%2,191 Cr96 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

49 Average
Overall score

Data confidence 91/100

Category scores

Quality Strong 74
Returns, margins, earnings quality 22% weight
Valuation Strong 68
Cheap vs sector & own history 24% weight
Growth Poor 4
Sales & profit trajectory 9% weight
Financial Health Poor 2
Solvency, leverage, coverage 9% weight
Momentum Poor 26
Trend strength, vol-adjusted 12% weight
Ownership Average 50
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

1
  • Company has reduced debt.

Weaknesses

2
  • The company has delivered a poor sales growth of -16.8% over past five years.
  • Debtor days have increased from 48.9 to 92.6 days.

Technical Indicators

Oscillators

Bearish

Bearish
2
Neutral
6
Bullish
1

Overall

Bearish

Bearish
12
Neutral
6
Bullish
1

Moving Averages

Bearish

Bearish
10
Neutral
0
Bullish
0

Growth Rate

Revenue Growth
7.81% higher than 3Y

change over 1 year

Net Income Growth
-42.86% lower than 3Y

change over 1 year

Cash Flow Change
88.82%

change over 1 year

EBITDA Margin Change
-28.24%

change over 1 year Operating margin 10.38% · Jun 2026

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
2.97
0
3.75
9.47
0
0.46
2.48
3.38
3.1
0.81
1.52
1.43
1.06
Expenses
3.28
0.02
3.55
9.32
0.06
0.34
1.76
-0.61
1.25
0.27
0.69
0.94
0.95
Operating Profit
-0.31
-0.02
0.2
0.15
-0.06
0.12
0.72
3.99
1.85
0.54
0.83
0.49
0.11
OPM %
-10.44%
—
5.33%
1.58%
—
26.09%
29.03%
118.05%
59.68%
66.67%
54.61%
34.27%
10.38%
Other Income
0
0.01
0.02
0.01
0.01
0.01
0.01
0
0.01
0
0.01
0.02
0.01
Interest
0
0
0
0
0
0
0
0
0
0
0
0
0
Depreciation
0.49
0.43
0.54
0.48
0.31
0.31
0.31
1.08
1.95
0.3
0
0
0
PBT
-0.8
-0.44
-0.32
-0.32
-0.36
-0.18
0.42
2.91
-0.09
0.24
0.84
0.51
0.12
Tax %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
Net Profit
-0.81
-0.44
-0.31
-0.33
-0.36
-0.18
0.43
2.91
-0.09
0.24
0.84
0.51
0.12
EPS (₹)
-1.13
-0.61
-0.43
-0.46
-0.5
-0.25
0.6
4.05
-0.13
0.33
1.17
0.71
0.17
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
49.62
35.61
32.3
5.63
16.47
8.83
17.24
17.85
17.02
16.2
6.32
6.86
4.82
Expenses
46.39
32.89
31.09
6.1
12.98
8.26
18.03
18.02
16.62
16.18
1.53
3.13
2.85
Operating Profit
3.23
2.72
1.21
-0.47
3.49
0.57
-0.79
-0.17
0.4
0.02
4.79
3.73
1.97
OPM %
6.51%
7.64%
3.75%
-8.35%
21.19%
6.46%
-4.58%
-0.95%
2.35%
0.12%
75.79%
54.37%
40.87%
Other Income
0.11
-0.21
0.6
0.12
-1.09
0.27
0.11
0.02
0.02
0.04
0.03
0.03
0.04
Interest
0.96
0.01
0
0.18
0.04
0.01
0.01
0.01
0
0.01
0.01
0.01
0
Depreciation
1.4
1.38
1.41
1.24
1.21
1.19
1.2
1.62
1.93
1.94
2
2.25
0.3
PBT
0.98
1.12
0.4
-1.77
1.15
-0.36
-1.89
-1.78
-1.51
-1.89
2.81
1.5
1.71
Tax %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
-5.33%
—
Net Profit
0.98
1.11
0.4
-1.76
1.15
-0.36
-1.9
-1.78
-1.5
-1.89
2.81
1.57
1.71
EPS (₹)
1.36
1.54
0.56
-2.45
1.6
-0.5
-2.64
-2.48
-2.09
-2.63
3.91
2.19
2.38
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
7.19
7.19
7.19
7.19
7.19
7.19
7.19
7.19
7.19
7.19
7.19
7.19
Reserves
-13.18
-12.06
-11.67
-13.43
-12.28
-12.65
-14.54
-16.32
-17.82
-19.76
-16.95
-15.38
Borrowings
21.21
20.58
20.58
20.58
20.58
20.58
17.35
19.14
19.96
16.98
11.84
1.96
Other Liabilities
15.73
14.03
12.65
7.53
3.15
2.36
2.07
0.91
1.01
6.43
10.45
18.2
Total Liabilities
30.95
29.74
28.75
21.87
18.64
17.48
12.07
10.92
10.34
10.84
12.53
11.97
Fixed Assets
21.52
20.1
18.59
14.52
13.04
11.85
10.65
9.43
6.69
4.75
2.76
0.01
CWIP
0
0
0
0
0
0
0
0
0
0
0
0
Investments
0
0
0
0
0
0
0
0
0
0
0
0
Other Assets
9.43
9.64
10.16
7.35
5.6
5.63
1.42
1.49
3.65
6.09
9.77
11.96
Total Assets
30.95
29.74
28.75
21.87
18.64
17.48
12.07
10.92
10.34
10.84
12.53
11.97
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-4.73
2.19
0
-3.32
-0.45
-0.22
3.47
-1.22
-2.09
3.27
5.1
9.63
Investing
-0.87
-1.23
0
2.63
-0.12
0.03
0.03
-0.38
0.83
0.04
0.03
0.53
Financing
5.63
-0.97
0
-0.04
0.51
0
-3.23
1.79
0.82
-2.98
-5.14
-9.89
Net Cash Flow
0.04
-0.02
0
-0.73
-0.06
-0.2
0.27
0.19
-0.44
0.33
-0.01
0.28
Free Cash Flow
-6.04
1.95
0
-0.75
-0.45
-0.22
3.47
-1.62
-1.28
3.26
5.1
10.13
CFO/OP
-146
81
0
706
-13
-39
-439
718
-522
16,350
106
258
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
19.49
41.31
69.16
313
105
191
0
0
0
0
5.2
92.58
Inventory Days
41.8
17.05
0.84
7.41
1.4
11.53
3.59
0.23
83.08
141
—
—
Days Payable
125
220
185
714
116
115
40.24
15.1
9.77
51.23
—
—
Cash Conversion Cycle
-63.4
-162
-115
-394
-10.39
87.44
-36.64
-14.87
73.31
90.23
5.2
92.58
Working Capital Days
-53.33
-58.12
-46.22
-71.96
39.67
116
-29.01
-6.95
46.11
-26.14
-85.47
-394
ROCE %
10.06%
9.25%
2.7%
-10.38%
16.36%
-2.29%
-14.97%
-17.69%
-15.62%
-27.37%
86.9%
—

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Saffron Industries insights

60 extracted metrics + investor summaries across FY11–FY27.

Shareholding Pattern

DIIs0.11%Promot.60.53%Others2.97%Public36.40%As ofSep 2026

Documents

Frequently Asked Questions about Saffron Industries

What does Saffron Industries Ltd do?
Incorporated in 1993, Saffron Industries Limited is in the business of paper manufacturing and real estate development.[1]
Where is Saffron Industries Ltd (SAFFRON) listed?
Saffron Industries Ltd trades under code 531436 on the BSE.
Which sector does Saffron Industries Ltd belong to?
Saffron Industries Ltd is classified under the Forest Materials sector, in the Paper & Paper Products industry.
What is the market capitalisation of Saffron Industries Ltd?
Saffron Industries Ltd has a market capitalisation of ₹16.86 Cr as of 28 Oct 2026, which places it in the Small Cap band.
What is the PE ratio of Saffron Industries Ltd?
Saffron Industries Ltd trades at a PE ratio of 9.87 as of 28 Oct 2026, on earnings per share of ₹2.38, against a book value of ₹-11.24 per share.
What is the 52-week high and low of Saffron Industries Ltd?
Over the last 52 weeks Saffron Industries Ltd has traded between ₹22 and ₹104.13 as of 28 Oct 2026.
What is the Return on Equity (ROE) of Saffron Industries Ltd?
Saffron Industries Ltd reported a return on equity of -19.21%. Its debt-to-equity ratio is 0.00.

Company Information

Incorporated in 1993, Saffron Industries Limited is in the business of paper manufacturing and real estate development.[1]

Website saffronindustries.in
Face Value ₹ 10
Shares Outstanding 71,73,913

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