---
title: "Shreenath Paper Products Ltd (544372) — Share Price, Financials & Analysis"
symbol: "544372"
company: "Shreenath Paper Products Ltd"
canonical: "https://tapetide.com/stocks/544372"
isin: "INE0RXS01018"
nse_symbol: "SHREENATHPAPERPRODUCTSLTD"
bse_code: "544372"
sector: "Commercial Services"
industry: "Trading & Distributors"
market_cap_cr: 24.6
generated_at: "2026-09-13T19:16:27.771Z"
---

# Shreenath Paper Products Ltd (544372)

Canonical page: https://tapetide.com/stocks/544372

## Company

- **NSE Symbol:** SHREENATHPAPERPRODUCTSLTD
- **BSE Code:** 544372
- **ISIN:** INE0RXS01018
- **Sector:** Commercial Services
- **Industry:** Trading & Distributors
- **Macro Sector:** Services
- **Stock Type:** EQUITY
- **Listed Since:** 2025-03-05
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** shreenathpaper.com

## About

Incorporated in 2011, Shreenath Paper 
Products Ltd manufactures and trades 
variety of papers and allied products[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:39:48.952659Z.

- **Market Cap:** ₹24.6 Cr
- **Classification:** SME
- **P/E (reported):** 8.6
- **Book Value:** ₹23.05
- **Price to Book:** 0.54
- **Dividend Yield:** 0%
- **ROE:** 6.47%
- **ROCE:** 15.07%
- **Debt to Equity:** 0.59
- **Revenue (yearly):** ₹114.66 Cr
- **Net Income:** ₹2.87 Cr
- **EBITDA:** ₹-0.07 Cr
- **52-Week High:** ₹26
- **52-Week Low:** ₹9.15
- **RSI (14):** 13.52

## Tapetide Score

- **Score:** 45 / 100
- **Score date:** 2026-06-29
- **Archetype:** Out of Favour
- **What it means:** Financially sound, yet the market is not rewarding it. Cases like this usually need a specific reason the pessimism is misplaced, and patience for that reason to play out.
- **Pillar profile:** Quality: Good · Valuation: Fair · Momentum: Falling
- **Percentile:** 31.4 (of 4234 scored stocks)
- **Confidence:** 92%
- **Data coverage:** 83%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 4.89 | 15% |
| growth | 30.79 | 15% |
| momentum | 36.38 | 15% |
| ownership | 50 | 10% |
| quality | 71.7 | 25% |
| valuation | 54.95 | 20% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Stock is trading at 0.54 times its book value

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 6.07% over past five years.
- Company has a low return on equity of 11.1% over last 3 years.
- Earnings include an other income of Rs.6.91 Cr.
- Company has high debtors of 174 days.
- Working capital days have increased from 74.7 days to 119 days

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -170.85% | -101.51% | -775.76% |
| ebitda margin growth | -44.83% | -100.85% | -101.19% | -102.23% |
| net income growth | -64.29% | -1.03% | -13% | 25% |
| revenue growth | 12.7% | 8.07% | -18% | 6% |
| roce | — | -64.49% | -71.06% | 35.15% |
| roe | — | -72.04% | 23.73% | -70.54% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Sales | 53 | 50 | 55 | 59 |
| Expenses | 51 | 47 | 54 | 61 |
| Operating Profit | 1 | 2 | 1 | -1 |
| OPM % | 2.8 | 5 | 2.1 | -2.1 |
| Other Income | 2 | 2 | 2 | 5 |
| Interest | 2 | 2 | 2 | 1 |
| Depreciation | 0 | 0 | 0 | 0 |
| Profit before tax | 1 | 3 | 1 | 3 |
| Tax % | 26 | 27 | 25 | 26 |
| Net Profit | 1 | 2 | 1 | 2 |
| EPS in Rs | 0.68 | 0.97 | 0.39 | 1.06 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 85 | 136 | 204 | 186 | 103 | 115 |
| Expenses | 86 | 138 | 198 | 180 | 99 | 115 |
| Operating Profit | -1 | -2 | 7 | 6 | 4 | 0 |
| OPM % | -1.2 | -1.4 | 3.2 | 3.1 | 3.9 | -0.1 |
| Other Income | 4 | 6 | 2 | 4 | 4 | 7 |
| Interest | 2 | 2 | 3 | 3 | 3 | 3 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 1 | 2 | 6 | 6 | 4 | 4 |
| Tax % | 25 | 25 | 26 | 26 | 26 | 26 |
| Net Profit | 1 | 1 | 4 | 4 | 3 | 3 |
| EPS in Rs | 13.89 | 19.59 | 58.64 | 3.05 | 1.47 | 1.46 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.68 | 0.68 | 0.75 | 14 | 20 | 20 |
| Reserves | 4 | 5 | 10 | 5 | 25 | 26 |
| Borrowings | 14 | 17 | 25 | 29 | 30 | 27 |
| Other Liabilities | 9 | 8 | 15 | 13 | 8 | 8 |
| Total Liabilities | 27 | 31 | 51 | 60 | 83 | 80 |
| Fixed Assets | 1 | 3 | 3 | 3 | 3 | 2 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 26 | 28 | 48 | 57 | 80 | 78 |
| Total Assets | 27 | 31 | 51 | 60 | 83 | 80 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 1 | 1 | -3 | -2 | -7 | -7 |
| Cash from Investing Activity | 0 | -2 | 0 | 0 | 0 | 0 |
| Cash from Financing Activity | -1 | 1 | 6 | 5 | 21 | -8 |
| Net Cash Flow | 0 | 0 | 2 | 2 | 14 | -15 |
| Free Cash Flow | 1 | -1 | -4 | -2 | -7 | -7 |
| CFO/OP | -127 | -77 | -28 | -16 | -142 | 8271 |

### Ratios

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 61 | 59 | 60 | 84 | 158 | 174 |
| Inventory Days | 42 | 9 | 14 | 11 | 38 | 36 |
| Days Payable | 32 | 16 | 19 | 20 | 23 | 17 |
| Cash Conversion Cycle | 71 | 52 | 56 | 76 | 173 | 192 |
| Working Capital Days | 28 | 20 | 17 | 24 | 80 | 119 |
| ROCE % | — | 18 | 30 | 22 | 12 | 9 |

## Shareholding Pattern

### Quarterly

| Category | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Promoters | 72.98% | 72.98% | 72.98% | 72.98% | 72.98% | 72.98% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 24.39% | 23.6% | 25% | 24.88% | 25.77% | 26.33% |
| Others | 2.63% | 3.42% | 2.01% | 2.14% | 1.25% | 0.69% |
| No. of Shareholders | 1558 | 1258 | 1109 | 1066 | 1020 | 992 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 0 / 7 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 12.72 | Sell |
| EMA (10) | 12.71 | Sell |
| SMA (20) | 12.99 | Sell |
| EMA (20) | 12.86 | Sell |
| SMA (50) | 13.14 | Sell |
| EMA (50) | 13.01 | Sell |
| SMA (100) | 12.73 | Sell |
| EMA (100) | 13.75 | Sell |
| SMA (200) | 16.93 | Sell |
| EMA (200) | 15.72 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 46.14 | Neutral |
| MACD (12,26,9) | -0.16 | Sell |
| Stochastic (14,3,3) | 53.61 | Neutral |
| ADX (14) | 8.97 | Neutral |
| Williams %R (14) | -49.58 | Neutral |
| ATR (14) | 0.69 | High Volatility |
| ROC (12) | -7.33 | Sell |
| Stoch RSI (14) | 45.22 | Neutral |
| UO (7,14,28) | 49.79 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-03 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=46f66867-473d-4516-97fa-5e947196bc41.pdf) |
| 2026-09-02 | [Annual General Meeting On September 26 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=47cb17cf-2277-46a4-a155-495e4fb06dc0.pdf) |
| 2026-09-02 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3587cac6-a820-4104-a686-20057685d6fa.pdf) |
| 2026-07-15 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d4f62593-d7e6-4ce3-8cdd-0d80a5054950.pdf) |
| 2026-07-10 | [Announcement under Regulation 30 (LODR)-Updates on Joint Venture](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9f043808-fab6-4576-be4a-4acecb022b75.pdf) |
| 2026-05-30 | [Board Meeting Outcome for Outcome Of Board Meeting Held On Saturday May 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3f8fb990-fb6e-407d-b3b5-fdf7d922b6a0.pdf) |
| 2026-05-30 | [Statement Of Deviation -March 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cd7049a2-35da-47ac-8a7b-f09fb9482512.pdf) |
| 2026-05-30 | [Declaration Regarding Non-Applicability Of Submission Of Annual Secretarial Compliance Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=acf7e9ab-1bc8-4e61-bff1-3aa1101872ff.pdf) |
| 2026-05-21 | [Board Meeting Intimation for Intimation Under Regulation 29 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 As Amended (The Listing Regulation)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f846b593-3469-4fb3-b1ca-10595677432f.pdf) |
| 2026-04-10 | [Clarification On Price Movement](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9e927cd6-4c11-465f-bd63-f35feb800db3.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-05-30 | [Results For Financial Year Ended On March 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a8a0589e-60a6-421a-af8a-e7c246dbd19b.pdf) |
| 2026-05-30 | [Results For Half Year Ended On March 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f0a4182c-ce29-444a-8727-00e1b1577b5c.pdf) |
| 2025-11-14 | [Results For Half Year Ended On September 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=65fba82a-c599-4e54-9723-bd53153f1d00.pdf) |
| 2025-05-31 | [Corrigendum To Results For Half Year And Financial Year Ended On March 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c4b5c5d8-8334-4925-9481-a1822398d813.pdf) |
| 2025-05-31 | [Corrigendum To Results For Half Year And Financial Year Ended On March 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1eec183f-0541-45c6-ba7b-2a5fb03c2840.pdf) |
| 2025-05-30 | [Results For Financial Year Ended On 31-03-2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=526915f1-d99a-400e-80d4-90a412f28628.pdf) |
| 2025-05-30 | [Results For Half Year And Year Ended On March 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=22014723-109d-497e-a5b5-06a527c25e50.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 9 Jan - Copies of the Notice to Shareholders of the Company published today i.e. 9th January 2026, in newspapers, Business Standard (English) and Sakal (Marathi). | [Announcement under Regulation 30 (LODR)-Newspaper Publication 9 Jan - Copies of the Notice to Shareholders of the Company published today i.e. 9th January 2026, in newspapers, Business Standard (English) and Sakal (Marathi).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1f3596dc-a440-4d66-80b6-42ab78c9dc83.pdf) |
| 8m - Approved FY2025 audited results; final dividend Rs48/share (total Rs123); director changes effective Mar–Apr 2026. | [Announcement under Regulation 30 (LODR)-Change in Directorate 8m - Approved FY2025 audited results; final dividend Rs48/share (total Rs123); director changes effective Mar–Apr 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/24fe42d5-f5cd-453e-8bf2-66957b57b51f.pdf) |
| 7h - Commercial Tax Officer issued INR 2,37,02,854 demand for FY2021-22; company will appeal. | [Disclosure Under Regulation 30 Of SEBI (LODR) Regulation, 2015 7h - Commercial Tax Officer issued INR 2,37,02,854 demand for FY2021-22; company will appeal.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/798c2a1c-fbe7-42f1-ba8e-016c122c859c.pdf) |
| 7 Apr - Certificate under Regulation 74(5) issued by Bigshare Services Private Limited, RTA of Company for quarter ended March 31, 2026 is attached Kindly take the same … | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 7 Apr - Certificate under Regulation 74(5) issued by Bigshare Services Private Limited, RTA of Company for quarter ended March 31, 2026 is attached Kindly take the same …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/45fd163c-388a-4284-a75d-1e717df17cad.pdf) |
| 5 Jan - Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the period ended 31st December 2025. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 5 Jan - Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the period ended 31st December 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5171b348-9b7f-445d-a83f-200d21e0e774.pdf) |
| 4h - Board meets 25 Feb 2026 to approve audited results (31 Dec 2025); trading window closed 1 Jan–27 Feb. | [Board Meeting Intimation for Board Meeting Intimation For Consideration And Approval Of The Audited Financial Results And Statements For The Quarter And Financial Year Ended 31St December 2025 And Recommendation Of Final Dividend, If Any. 4h - Board meets 25 Feb 2026 to approve audited results (31 Dec 2025); trading window closed 1 Jan–27 Feb.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/b6f1c6b5-4ad7-45f6-a0e7-1fd321faf393.pdf) |
| 48m - Audited FY2025 results; recommended Rs.48 final dividend (total Rs.123/share); Sudipta Chakraborty appointed Mar 1; Rajani Kesari Apr 1. | [Board Meeting Outcome for Outcome Of The Board Meeting. 48m - Audited FY2025 results; recommended Rs.48 final dividend (total Rs.123/share); Sudipta Chakraborty appointed Mar 1; Rajani Kesari Apr 1.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/211c052c-79fe-46a2-ab10-a4813d1fa573.pdf) |
| 3h - The Company will hold an investor/analysts call for update on Audited Financial Results and Statements for the quarter and year ended 31st December 2025. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 3h - The Company will hold an investor/analysts call for update on Audited Financial Results and Statements for the quarter and year ended 31st December 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/31e82736-d6ed-420a-9542-052dc1dce495.pdf) |
| 30 Dec 2025 - 29 Dec 2025 CGST order: Rs1,43,49,690 tax and equal penalty for FY2018-19–2022-23; appeal. | [Disclosure Under Regulation 30 Of SEBI (LODR) Regulation, 2015 30 Dec 2025 - 29 Dec 2025 CGST order: Rs1,43,49,690 tax and equal penalty for FY2018-19–2022-23; appeal.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/dbb34328-1b12-47ec-8730-f6b4fda79c42.pdf) |
| 27 Feb - Video of investors/analysts call (26 Feb 2026) on FY 2025 results uploaded on company website. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 27 Feb - Video of investors/analysts call (26 Feb 2026) on FY 2025 results uploaded on company website.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2adabe4a-de15-4dbd-88c5-38042f596c98.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3e5d2049-34a1-4a06-8779-4054c033ef03.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c4053f94-a1ff-4d69-b7f1-df5e63291e0b.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d6e335cf-b33d-4d64-b322-cb7ff486a969.pdf) |
| May 2024 | [Concall - May 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e1e0c8f7-2e5f-4830-8ee5-7fc2811f8190.pdf) |
| May 2023 | [Concall - May 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/039c765f-b042-49f7-9b78-88d95fc8ae2b.pdf) |
| May 2023 | [Concall - May 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/df63d087-4299-43df-ac77-14fbcd8d27d6.pdf) |
| Mar 2021 | [Concall - Mar 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/78119a4a-e60b-472a-972c-14ec75cb6f5f.pdf) |
| Feb 2026 | [Concall - Feb 2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/8349d6b7-eb1e-4dca-82c9-a1846ddd6044.pdf) |
| Feb 2024 | [Concall - Feb 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a25c2319-c7da-45a6-8dd0-fcfdf7853296.pdf) |
| Feb 2024 | [Concall - Feb 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9a725dff-76b8-4df5-bea8-bb466b860b57.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2013 from nse](https://archives.nseindia.com/annual_reports/AR_3226_SANOFI_2013_2013_28032014132857.zip) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/867116e7-28e3-43f3-b808-326b786f3cca.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6b7790a9-23d6-4917-af68-bc15d1160624.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/32aeea19-d29c-4a60-9397-0c1578965bb1.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/bae3c01d-d946-4000-bc1a-af7ea2c945ea.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/500674/72957500674.pdf) |
| from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/500674/68387500674.pdf) |
| from bse | [Financial Year 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/500674/5006741219.pdf) |
| from bse | [Financial Year 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/500674/5006741218.pdf) |
| from bse | [Financial Year 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/500674/5006741217.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:16:27.771Z.