Shree Karthik Papers
Shree Karthik Papers
Forest MaterialsKey Fundamentals
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Key Insights
Weaknesses
6- Stock is trading at 5.08 times its book value
- Company has low interest coverage ratio.
- Company has a low return on equity of 7.25% over last 3 years.
- Contingent liabilities of Rs.5.91 Cr.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.0.47 Cr.
Growth Rate
Quarterly Results
| Particulars | Jun 2023 | 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 | 20.11 | 15.45 | 14.66 | 14.62 | 14.42 | 15.17 | 14.02 | 14.19 | 15.95 | 16.05 | 14.43 | 16.74 | 18.56 |
| Expenses | 19.5 | 14.7 | 13.78 | 14.77 | 13.83 | 14.68 | 13.66 | 14.25 | 15.49 | 15.64 | 14.76 | 16.18 | 18.05 |
| Operating Profit | 0.61 | 0.75 | 0.88 | -0.15 | 0.59 | 0.49 | 0.36 | -0.06 | 0.46 | 0.41 | -0.33 | 0.56 | 0.51 |
| OPM % | 3.03% | 4.85% | 6% | -1.03% | 4.09% | 3.23% | 2.57% | -0.42% | 2.88% | 2.55% | -2.29% | 3.35% | 2.75% |
| Other Income | 0.04 | 0.03 | 0.03 | 0.06 | 0.02 | 0.03 | 0.12 | 0.03 | 0.19 | 0.04 | 0.34 | 0.07 | 0.02 |
| Interest | 0.24 | 0.23 | 0.21 | 0.22 | 0.16 | 0.13 | 0.16 | 0.13 | 0.1 | 0.18 | 0.13 | 0.13 | 0.13 |
| Depreciation | 0.3 | 0.3 | 0.3 | 0.01 | 0.21 | 0.23 | 0.23 | 0.22 | 0.21 | 0.22 | 0.21 | 0.21 | 0.21 |
| PBT | 0.11 | 0.25 | 0.4 | -0.32 | 0.24 | 0.16 | 0.09 | -0.38 | 0.34 | 0.05 | -0.33 | 0.29 | 0.19 |
| Tax % | 0% | 8% | 7.5% | 12.5% | 0% | 12.5% | 22.22% | -5.26% | 0% | 0% | 0% | 0% | 0% |
| Net Profit | 0.11 | 0.22 | 0.37 | -0.37 | 0.24 | 0.14 | 0.07 | -0.37 | 0.33 | 0.06 | -0.33 | 0.29 | 0.19 |
| EPS in Rs | 0.06 | 0.12 | 0.19 | -0.19 | 0.13 | 0.07 | 0.04 | -0.19 | 0.17 | 0.03 | -0.17 | 0.15 | 0.1 |
Profit & Loss
| Particulars | Jun 2015 | Mar 2016 9m | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 36.45 | 26.34 | 47.44 | 57.17 | 62.4 | 44.2 | 18.66 | 43.74 | 83.8 | 64.75 | 57.8 | 63.18 | 65.78 |
| Expenses | 33.14 | 23.05 | 43.29 | 51.38 | 72.1 | 41.16 | 17.74 | 41.72 | 81.57 | 62.67 | 56.25 | 62.09 | 64.63 |
| Operating Profit | 3.31 | 3.29 | 4.15 | 5.79 | -9.7 | 3.04 | 0.92 | 2.02 | 2.23 | 2.08 | 1.55 | 1.09 | 1.15 |
| OPM % | 9.08% | 12.49% | 8.75% | 10.13% | -15.54% | 6.88% | 4.93% | 4.62% | 2.66% | 3.21% | 2.68% | 1.73% | 1.75% |
| Other Income | 0.13 | 0.13 | 0.13 | 0.02 | 0.14 | 0.24 | 0.09 | 0.14 | 0.22 | 0.16 | 0.14 | 0.64 | 0.47 |
| Interest | 1.96 | 0.9 | 0.71 | 1.06 | 1.34 | 1.94 | 1.17 | 1.03 | 0.97 | 0.9 | 0.58 | 0.53 | 0.57 |
| Depreciation | 0.75 | 0.67 | 0.81 | 1 | 1.18 | 1.21 | 1.11 | 1.05 | 1.01 | 0.91 | 0.89 | 0.85 | 0.85 |
| PBT | 0.73 | 1.85 | 2.76 | 3.75 | -12.08 | 0.13 | -1.27 | 0.08 | 0.47 | 0.43 | 0.22 | 0.35 | 0.2 |
| Tax % | 0% | 0% | 20.29% | 1.6% | 2.15% | 92.31% | 6.3% | 50% | 10.64% | 20.93% | 13.64% | 11.43% | — |
| Net Profit | 0.72 | 1.85 | 2.2 | 3.69 | -12.34 | 0.01 | -1.36 | 0.04 | 0.42 | 0.34 | 0.19 | 0.31 | 0.21 |
| EPS in Rs | 0.38 | 0.97 | 1.15 | 1.93 | -6.46 | 0.01 | -0.71 | 0.02 | 0.22 | 0.18 | 0.1 | 0.16 | 0.11 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Jun 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 9.56 | 9.56 | 9.56 | 9.56 | 9.56 | 9.56 | 9.56 | 9.56 | 9.56 | 9.56 | 9.56 | 9.56 |
| Reserves | -1.37 | 0.48 | 2.58 | 6.27 | -6.09 | -6.2 | -7.5 | -7.98 | -7.47 | -7.11 | -6.94 | -6.62 |
| Borrowings | 21.43 | 24.93 | 27.1 | 30.76 | 28.61 | 26.77 | 25.51 | 26.19 | 26.39 | 22.98 | 20.71 | 23.66 |
| Other Liabilities | 3.85 | 3.4 | 5.93 | 8.55 | 8.49 | 11.03 | 8.61 | 8.52 | 13.28 | 11.21 | 10.07 | 11.07 |
| Total Liabilities | 33.47 | 38.37 | 45.17 | 55.14 | 40.57 | 41.16 | 36.18 | 36.29 | 41.76 | 36.64 | 33.4 | 37.67 |
| Fixed Assets | 13.1 | 12.99 | 12.41 | 18.3 | 18.97 | 18.15 | 17.08 | 16.27 | 16.2 | 15.89 | 15.67 | 15.85 |
| CWIP | 0 | 0 | 3.03 | 0.87 | 0.87 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0.03 | 0 | 0 | 0 | 0.06 | 0.06 | 0.11 | 0.06 |
| Other Assets | 20.37 | 25.38 | 29.73 | 35.97 | 20.7 | 23.01 | 19.1 | 20.02 | 25.5 | 20.69 | 17.62 | 21.76 |
| Total Assets | 33.47 | 38.37 | 45.17 | 55.14 | 40.57 | 41.16 | 36.18 | 36.29 | 41.76 | 36.64 | 33.4 | 37.67 |
Cash Flow
| Particulars | Jun 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -9.23 | -2.13 | 4.31 | 1.1 | 5.37 | 3.5 | 0.92 | 2.31 | 3.63 | 2.18 | 1.15 | -1.62 |
| Investing | 1.63 | -0.56 | -3.26 | -4.73 | -1.88 | 0.25 | 0.06 | 0.72 | -1.89 | -0.77 | -0.49 | -0.79 |
| Financing | 7.47 | 2.68 | -0.98 | 3.58 | -3.49 | -3.76 | -0.98 | -3.01 | -1.73 | -1.44 | -0.65 | 2.42 |
| Net Cash Flow | -0.12 | -0.01 | 0.06 | -0.05 | 0 | -0.01 | 0 | 0.02 | 0.01 | -0.03 | 0.02 | 0.01 |
| Free Cash Flow | -10.46 | -2.69 | 1.05 | -3.63 | 3.52 | 3.98 | 0.88 | 2.06 | 2.6 | 1.58 | 0.48 | -2.65 |
| CFO/OP | -279 | -65 | 104 | 30 | -63 | 115 | 100 | 114 | 163 | 108 | 74 | -149 |
Ratios
| Particulars | Jun 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 43.76 | 70.39 | 40.47 | 52.54 | 59.72 | 76.8 | 108 | 27.45 | 43.56 | 41.77 | 46.67 | 45.12 |
| Inventory Days | 241 | 438 | 243 | 231 | 25.99 | 79.5 | 224 | 131 | 51.39 | 60.78 | 51.68 | 77.06 |
| Days Payable | 38.47 | 52.49 | 45.7 | 55.36 | 39.46 | 135 | 269 | 81.04 | 67.6 | 81.29 | 84.62 | 79.94 |
| Cash Conversion Cycle | 247 | 456 | 238 | 228 | 46.25 | 20.86 | 63.4 | 76.96 | 27.34 | 21.25 | 13.72 | 42.23 |
| Working Capital Days | 61.68 | 112 | -34.78 | -13.15 | -96.22 | -139 | -323 | -138 | -76.75 | -99.66 | -106 | -94.86 |
| ROCE % | 9.03% | 8.47% | 9.35% | 11.21% | -27.3% | 6.65% | -0.35% | 4.01% | 5.12% | 4.93% | 3.65% | 2.16% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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57 extracted metrics + investor summaries across FY10–FY26.
Documents
Frequently Asked Questions about Shree Karthik Papers
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Company Information
Incorporated in 1994, Shree Karthik Papers Ltd is in the business of paper manufacturing.[1]
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