Paper & Paper Products · Founded 1991 · www.shreekarthikpapers.in · BSE 516106 · · ISIN INE538D01015
No Notes Added Yet
Business
Shree Karthik Papers Ltd. operates in the Paper & Paper Products sector in India. Its core business involves the manufacturing and sale of various paper and paperboard products. This typically includes sourcing raw materials such as wood pulp, agro-waste, and recycled paper, processing them through integrated paper mills, and producing different grades of paper. The company makes money by selling these finished paper products to a diverse customer base, which may include publishers, printers, packaging converters, educational institutions, corporate offices, and potentially direct consumers, catering to demand for writing, printing, and packaging solutions.
Revenue Mix
Without specific data, the company's revenue mix is likely derived from various paper grades. Common segments in the Indian paper industry include:
Writing & Printing Paper: Used for notebooks, textbooks, office stationery, and commercial printing.
Packaging Paper & Board: Includes products like kraft paper, linerboard, fluting medium, and carton board for e-commerce, food packaging, and industrial packaging.
Specialty Paper: Niche products designed for specific applications (e.g., filter paper, security paper, release liners).
Specific contribution percentages for each segment are not publicly available.
Industry
The Indian Paper & Paper Products industry is characterized by a mix of large, integrated mills and numerous small to mid-sized players. It is largely a commodity-driven market, susceptible to price fluctuations of raw materials and finished goods. Shree Karthik Papers Ltd., based on its ticker and general market presence, is likely a regional or mid-sized player. Its positioning within the industry would depend on its production capacity, technological capabilities, product specialization (commodity vs. value-added), cost efficiency, and geographical market reach. Competition is intense, both from domestic players and imports.
MOAT
Operating in a largely commoditized industry like paper manufacturing makes it challenging to establish strong, durable competitive advantages. Shree Karthik Papers Ltd. may not possess significant moats such as strong brand equity (for commodity products), vast network effects, or high switching costs. Potential competitive advantages, if any, could stem from:
Cost Efficiency: Achieved through economies of scale, proximity to raw materials, backward integration (e.g., captive power), or efficient manufacturing processes.
Product Specialization: Developing niche paper grades with specific technical requirements or catering to underserved markets.
Strong Regional Presence: Deep distribution networks and customer relationships in specific geographies.
However, these advantages are generally difficult to sustain against large, integrated players without significant capital investment or unique innovation.
Growth Drivers
Key factors that could drive growth for Shree Karthik Papers Ltd. over the next 3-5 years include:
Growing Literacy & Education: Continued demand for writing and printing paper driven by India's young population and increasing enrollment rates.
E-commerce Boom: Significant growth in online retail necessitates more packaging paper and board.
Increasing Consumerism & Organized Retail: Drives demand for improved packaging solutions.
Plastic Ban & Sustainability Trends: A shift towards eco-friendly and paper-based packaging alternatives.
Economic Growth: Overall industrial and commercial growth in India leading to higher paper consumption across various sectors.
Product Diversification: Expansion into higher-margin specialty papers or sustainable packaging solutions.
Risks
Raw Material Price Volatility: Fluctuations in the cost of pulp, waste paper, chemicals, and other inputs can significantly impact profitability.
Energy Costs: Paper manufacturing is energy-intensive, making the company vulnerable to rising fuel and power costs.
Environmental Regulations: Stricter environmental norms regarding water usage, waste disposal, and emissions could lead to increased compliance costs and capital expenditure.
Digitalization: The increasing adoption of digital media and paperless communication continues to pose a long-term risk to demand for traditional printing and writing paper.
Import Competition: Cheaper imports from other countries can exert downward pressure on domestic paper prices and market share.
Economic Slowdown: A downturn in the broader economy can reduce demand across end-user industries.
Water Scarcity: Paper manufacturing is water-intensive, and regional water scarcity could pose operational challenges.
Management & Ownership
"Shree Karthik Papers Ltd." suggests it is likely a promoter-led company, a common structure in India. Promoters typically hold a significant stake and often play an active role in strategic decision-making and day-to-day operations. Specific details regarding the quality of management, their experience, or the exact ownership structure are not readily available without further financial filings or corporate disclosures.
Outlook
Shree Karthik Papers Ltd. operates in a sector with both established demand and evolving dynamics. The company stands to benefit from India's robust economic growth, increasing literacy rates, and the strong tailwinds from the e-commerce sector driving packaging demand. Furthermore, a global shift towards sustainable and eco-friendly packaging alternatives presents a potential growth avenue.
However, the company faces inherent challenges typical of the paper industry, including volatility in raw material and energy prices, intense competition from both domestic and international players, and the long-term impact of digitalization on traditional paper consumption. Environmental regulations and water management also remain critical operational considerations. The company's future performance will largely depend on its ability to manage input costs effectively, innovate in product offerings, enhance operational efficiencies, and adapt to evolving market demands for sustainable paper solutions.
| #(Fig in Cr.) | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 15 | 14 | 15 | 14 | 14 | 16 | 16 | 14 | 17 | 19 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 15 | 14 | 15 | 14 | 14 | 16 | 16 | 14 | 17 | 19 |
| Total Expenditure | 15 | 14 | 15 | 14 | 14 | 15 | 16 | 15 | 16 | 18 |
| Operating Profit | -0 | 1 | 1 | 0 | -0 | 1 | 0 | -0 | 1 | 1 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | -0 | 0 | 0 | 0 | -0 | 0 | 0 | -0 | 0 | 0 |
| Provision for Tax | 0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -0 | 0 | 0 | 0 | -0 | 0 | 0 | -0 | 0 | 0 |
| Adjustments | 0 | -0 | 0 | 0 | 0 | -0 | 0 | -0 | 0 | 0 |
| Profit After Adjustments | -0 | 0 | 0 | 0 | -0 | 0 | 0 | -0 | 0 | 0 |
| Adjusted Earnings Per Share | -0.2 | 0.1 | 0.1 | 0 | -0.2 | 0.2 | 0 | -0.2 | 0.2 | 0.1 |
| #(Fig in Cr.) | Jun 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 36 | 26 | 47 | 57 | 62 | 44 | 19 | 44 | 84 | 65 | 58 | 66 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 37 | 26 | 48 | 57 | 63 | 44 | 19 | 44 | 84 | 65 | 58 | 66 |
| Total Expenditure | 33 | 23 | 43 | 51 | 72 | 41 | 18 | 42 | 82 | 63 | 56 | 65 |
| Operating Profit | 3 | 3 | 4 | 6 | -10 | 3 | 1 | 2 | 2 | 2 | 2 | 2 |
| Interest | 2 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 0 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 1 | 2 | 3 | 4 | -12 | 0 | -1 | 0 | 0 | 0 | 0 | 0 |
| Provision for Tax | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 1 | 2 | 2 | 4 | -12 | 0 | -1 | 0 | 0 | 0 | 0 | 0 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 |
| Profit After Adjustments | 1 | 2 | 2 | 4 | -12 | 0 | -1 | 0 | 0 | 0 | 0 | 0 |
| Adjusted Earnings Per Share | 0.4 | 1 | 1.2 | 1.9 | -6.5 | 0 | -0.7 | 0 | 0.2 | 0.2 | 0.1 | 0.1 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | -11% | 10% | 6% | 5% |
| Operating Profit CAGR | 0% | 0% | -8% | -4% |
| PAT CAGR | 0% | 0% | 0% | -100% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 5% | 0% | 15% | 2% |
| ROE Average | 11% | 16% | 0% | -5% |
| ROCE Average | 4% | 5% | 3% | 3% |
| #(Fig in Cr.) | Jun 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 8 | 10 | 12 | 16 | 3 | 3 | 2 | 2 | 2 | 2 | 3 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 12 | 12 | 12 | 5 | 5 | 3 | 3 | 1 | 1 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | -0 | 0 | -0 | 0 | 1 | 0 | 0 | 1 |
| Total Current Liabilities | 13 | 16 | 21 | 34 | 32 | 34 | 30 | 33 | 39 | 34 | 30 |
| Total Liabilities | 33 | 38 | 45 | 55 | 40 | 41 | 36 | 36 | 42 | 37 | 33 |
| Fixed Assets | 13 | 13 | 12 | 18 | 19 | 18 | 17 | 16 | 16 | 16 | 16 |
| Other Non-Current Assets | 2 | 1 | 4 | 5 | 6 | 5 | 5 | 4 | 5 | 5 | 4 |
| Total Current Assets | 19 | 24 | 29 | 32 | 16 | 17 | 14 | 16 | 21 | 16 | 13 |
| Total Assets | 33 | 38 | 45 | 55 | 40 | 41 | 36 | 36 | 42 | 37 | 33 |
| #(Fig in Cr.) | Jun 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow from Operating Activities | -9 | -2 | 2 | 1 | 5 | 4 | 1 | 2 | 4 | 2 | 1 |
| Cash Flow from Investing Activities | 2 | -1 | -3 | -5 | -2 | 0 | 0 | 1 | -2 | -1 | -0 |
| Cash Flow from Financing Activities | 7 | 3 | 1 | 4 | -3 | -4 | -1 | -3 | -2 | -1 | -1 |
| Net Cash Inflow / Outflow | -0 | -0 | 0 | -0 | 0 | -0 | 0 | 0 | 0 | -0 | 0 |
| Closing Cash & Cash Equivalent | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| # | Jun 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 0.38 | 0.97 | 1.16 | 1.93 | -6.46 | 0.01 | -0.71 | 0.02 | 0.22 | 0.18 | 0.15 |
| CEPS(Rs) | 0.77 | 1.32 | 1.58 | 2.45 | -5.84 | 0.64 | -0.13 | 0.57 | 0.75 | 0.65 | 0.61 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 4.28 | 5.25 | 6.41 | 8.28 | 1.82 | 1.75 | 1.08 | 0.83 | 1.09 | 1.28 | 1.37 |
| Core EBITDA Margin(%) | 9.05 | 12.49 | 8.78 | 10.11 | -15.53 | 6.9 | 4.92 | 4.58 | 2.65 | 3.22 | 2.69 |
| EBIT Margin(%) | 7.35 | 10.43 | 7.36 | 8.4 | -17.19 | 4.7 | -0.57 | 2.52 | 1.71 | 2.05 | 1.55 |
| Pre Tax Margin(%) | 1.99 | 7.03 | 5.85 | 6.56 | -19.34 | 0.3 | -6.81 | 0.18 | 0.56 | 0.66 | 0.54 |
| PAT Margin (%) | 1.99 | 7.03 | 4.66 | 6.44 | -19.76 | 0.02 | -7.26 | 0.08 | 0.5 | 0.52 | 0.48 |
| Cash Profit Margin (%) | 4.05 | 9.58 | 6.37 | 8.19 | -17.87 | 2.76 | -1.31 | 2.46 | 1.7 | 1.93 | 2.02 |
| ROA(%) | 2.21 | 5.16 | 5.3 | 7.38 | -25.9 | 0.02 | -3.54 | 0.1 | 1.07 | 0.86 | 0.8 |
| ROE(%) | 9.09 | 20.34 | 19.86 | 26.28 | -127.93 | 0.28 | -50.32 | 2.03 | 22.79 | 14.9 | 11.04 |
| ROCE(%) | 9.01 | 8.51 | 9.4 | 11.19 | -27.29 | 6.68 | -0.37 | 4.02 | 5.12 | 4.93 | 3.67 |
| Receivable days | 40.26 | 65.46 | 39.71 | 43.03 | 53.91 | 80.57 | 144.39 | 36.42 | 28.85 | 49.01 | 46.73 |
| Inventory Days | 125.45 | 224.34 | 146.84 | 135.09 | 76.04 | 39.05 | 114.32 | 68.3 | 41.62 | 44.55 | 38.19 |
| Payable days | 27.89 | 54.13 | 35.86 | 47.49 | 37.6 | 109.33 | 308.37 | 86.67 | 53.62 | 92.38 | 92.71 |
| PER(x) | 7.92 | 2.42 | 6.23 | 8.52 | 0 | 738 | 0 | 355.96 | 30.14 | 56.03 | 56.7 |
| Price/Book(x) | 0.7 | 0.45 | 1.13 | 1.99 | 5.47 | 2.1 | 2.04 | 8.31 | 6.04 | 7.72 | 6.07 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 0.74 | 1.12 | 0.86 | 1.09 | 0.76 | 0.76 | 1.58 | 0.89 | 0.46 | 0.65 | 0.63 |
| EV/Core EBITDA(x) | 7.9 | 8.61 | 9.48 | 10.71 | -4.98 | 10.29 | 29.47 | 18.18 | 15.91 | 18.69 | 20.51 |
| Net Sales Growth(%) | 12.32 | -27.76 | 80.25 | 20.49 | 9.14 | -29.21 | -57.61 | 135.62 | 90.36 | -22.86 | -10.85 |
| EBIT Growth(%) | 37.03 | 2.45 | 27.12 | 37.62 | -323.3 | 119.35 | -105.17 | 1135.18 | 29.51 | -7.64 | -32.77 |
| PAT Growth(%) | 491.76 | 155.86 | 19.38 | 66.73 | -434.62 | 100.08 | 0 | 102.72 | 1029.37 | -19.06 | -17.23 |
| EPS Growth(%) | 492.03 | 155.88 | 19.38 | 66.74 | -434.6 | 100.08 | 0 | 102.71 | 1031.09 | -19.06 | -17.26 |
| Debt/Equity(x) | 2.62 | 2.49 | 2.21 | 1.94 | 8.25 | 7.99 | 12.41 | 16.59 | 12.68 | 9.38 | 7.93 |
| Current Ratio(x) | 1.49 | 1.5 | 1.37 | 0.94 | 0.49 | 0.51 | 0.46 | 0.5 | 0.54 | 0.47 | 0.44 |
| Quick Ratio(x) | 0.35 | 0.38 | 0.4 | 0.29 | 0.37 | 0.34 | 0.25 | 0.18 | 0.32 | 0.27 | 0.28 |
| Interest Cover(x) | 1.37 | 3.07 | 4.89 | 4.56 | -8 | 1.07 | -0.09 | 1.08 | 1.48 | 1.48 | 1.53 |
| Total Debt/Mcap(x) | 3.74 | 5.55 | 1.97 | 0.98 | 1.51 | 3.8 | 6.09 | 2 | 2.1 | 1.21 | 1.31 |
| # | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 74.52 | 74.52 | 74.52 | 74.52 | 74.52 | 74.52 | 74.52 | 74.52 | 74.52 | 74.52 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0.64 | 0.64 | 0.64 | 0.64 | 0.64 | 0.64 | 0.64 | 0.64 | 0.64 | 0.64 |
| Public | 24.83 | 24.83 | 24.83 | 24.83 | 24.83 | 24.83 | 24.83 | 24.83 | 24.83 | 24.83 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 1.42 | 1.42 | 1.42 | 1.42 | 1.42 | 1.42 | 1.42 | 1.42 | 1.42 | 1.42 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Public | 0.47 | 0.47 | 0.47 | 0.47 | 0.47 | 0.47 | 0.47 | 0.47 | 0.47 | 0.47 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1.91 | 1.91 | 1.91 | 1.91 | 1.91 | 1.91 | 1.91 | 1.91 | 1.91 | 1.91 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | -11% | +10% | +6% | +5% |
| Operating Profit CAGR | 0% | 0% | -8% | -4% |
| PAT CAGR | — | — | — | -100% |
| Share Price CAGR | +5% | 0% | +15% | +2% |
| ROE Average | +11% | +16% | 0% | -5% |
| ROCE Average | +4% | +5% | +3% | +3% |
| # | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 74.52 | 74.52 | 74.52 | 74.52 | 74.52 | 74.52 | 74.52 | 74.52 | 74.52 | 74.52 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0.64 | 0.64 | 0.64 | 0.64 | 0.64 | 0.64 | 0.64 | 0.64 | 0.64 | 0.64 |
| Public | 24.83 | 24.83 | 24.83 | 24.83 | 24.83 | 24.83 | 24.83 | 24.83 | 24.83 | 24.83 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 1.42 | 1.42 | 1.42 | 1.42 | 1.42 | 1.42 | 1.42 | 1.42 | 1.42 | 1.42 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Public | 0.47 | 0.47 | 0.47 | 0.47 | 0.47 | 0.47 | 0.47 | 0.47 | 0.47 | 0.47 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1.91 | 1.91 | 1.91 | 1.91 | 1.91 | 1.91 | 1.91 | 1.91 | 1.91 | 1.91 |
* The pros and cons are machine generated.
Our experts help you choose the right stocks based on performance, risk, and growth potential.
Looking to buy unlisted shares or need guidance on the investment process? Our expert Private Equity Advisors are here to assist you with accurate information, real-time pricing, and seamless execution.
Want to sell unlisted shares, liquidate your ESOPs, or understand the step-by-step process of liquidation? Connect with our Buying Team for smooth coordination, quick evaluations, and end-to-end support.
Planning to build or grow your portfolio? For Mutual Fund investments, PMS solutions, tailored portfolio creation, and overall wealth management, our dedicated Wealth Team is ready to guide you.
Your relationship manager will connect with you shortly.