Shree Rama Newsprint Ltd

NSE: RAMANEWS · Paper & Paper Products · sector

₹27.72NSE close 2026-10-26

Key numbers

Market cap₹409 cr

Price₹27.72

52w high / low₹42 / ₹27

P/E–Sector median 13.8x

P/B–Sector median 0.6x

Book value₹-5.6

Dividend yield–Sector median 1.38%

ROE–Sector median 5.8%

ROCE0.6%Sector median 5.9%

OPM-4.6%Sector median 8.2%

Debt / equity–Sector median 0.42x

EV/EBITDA–Sector median 8.0x

Interest cover0.1x

Current ratio0.17x

Sales growth 3y-11.2%Sector median -4.5%

Profit growth 3y–Sector median -13.6%

PEG–

Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 40 companies in Paper & Paper Products (P/E median leaves out loss-making companies). Tap ? for what a number means.

Things to know

Cash ₹1 cr vs borrowings ₹376 cr (FY26): borrowings are higher by ₹375 cr.
Operating profit covered interest 0.1x in the last 12 months.
No promoter shares are pledged.
Operating cash flow was below net profit in 0 of the last 5 years.
Net loss in 8 of the last 8 quarters.
Revenue was higher than a year earlier in 1 of the last 4 quarters.
Debtor days went from 30 (FY24) to 65 (FY26).
No dividend in the last 5 financial years.
Price ₹27.72 on 2026-10-26: -34.0% from the 52-week high, +2.5% from the 52-week low.

Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.

Charts

Weekly close · high ₹42.21 · low ₹15.14

Quarterly results

₹ cr	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	9	12	11	9	7	9	8	10
EBITDA	1	2	2	1	0	1	-2	-1
OPM %	15.6%	15.8%	16.0%	11.0%	3.2%	8.3%	-22.1%	-7.7%
Other income	1	1	1	1	2	2	2	2
Net profit	-10	-81	-5	-10	-10	-10	-38	-10
EPS (₹)	-0.68	-5.46	-0.36	-0.70	-0.69	-0.69	-2.57	-0.72
Revenue YoY					-24.1%	-28.9%	-30.5%	+6.0%
Profit YoY					–	–	–	–

Standalone figures where filed. Latest quarter Jun 2026.

Profit & loss (yearly)

₹ cr	FY22	FY23	FY24	FY25	FY26	TTM
Revenue	330	47	47	44	33	33
EBITDA	-10	4	7	7	0	-2
Net profit	-70	-118	-48	-106	-69	-69
EPS (₹)	-4.73	-8.01	-3.28	-7.21	-4.64	-4.67
Revenue growth		-85.8%	+0.7%	-6.2%	-25.9%	-20.7%
Profit growth		–	–	–	–	–
Dividend / share (₹)	–	–	–	–	–

Compounded growth	3 years	5 years	Last 12 months
Sales	-11.2%	-34.2%	-20.7%
Net profit	–	–	–
EPS	–	–	–
Share price	–	+24.9% (2y)	-5.6%

Balance sheet

₹ cr	FY22	FY23	FY24	FY25	FY26
Shareholders' equity	–	140	92	-14	-83
Borrowings	–	361	364	361	376
Cash & equivalents	–	0	0	0	1
Total assets	–	625	600	515	465
Fixed assets	–	348	345	341	336
Capital work in progress	–	0	0	0	0
Investments	–	0	0	0	0
Receivables	–	8	4	5	6
Inventory	–	5	5	5	5
Payables	–	7	6	4	11

Year-end figures from the March annual filing.

Cash flow

₹ cr	FY22	FY23	FY24	FY25	FY26
Cash from operations	11	30	13	9	-1
Cash from investing	-10	2	6	4	21
Cash from financing	-1	-32	-19	-13	-18
Capex	10	0	0	0	0
Free cash flow	1	30	13	9	-1

Free cash flow = cash from operations − capex.

Ratios by year

₹ cr	FY22	FY23	FY24	FY25	FY26
ROE %	–	-84.1%	-52.5%	753.9%	82.9%
ROCE %	–	0.4%	0.8%	2.2%	1.0%
Debtor days	–	64	30	40	65
Inventory days	–	64	70	81	117
Payable days	–	94	82	74	232
Cash conversion cycle (days)	–	34	18	47	-50
Working capital days	–	153	-213	-523	-1,356

Shareholding

Holder	% (2026-09-30)
Promoters	74.76%
FIIs	0.43%
DIIs	1.57%
of which Mutual funds	0.03%
of which Insurance	0.00%
Government	0.00%
Public (non-institutions)	23.24%

Quarter	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters %	74.76%	74.76%	74.76%	74.76%	74.76%	74.76%	74.76%	74.76%

Promoter group	%
Riddhi Siddhi Gluco Biols Limited	74.76%

Public holders above 1%	%
ICICI Bank Ltd	1.52%
Shaunak Jagdish Shah	1.35%
Arham Share Private Limited	1.35%

81,956 shareholders. Pledged: 0.00% of promoter shares.

Peers in Paper & Paper Products

Company	Market cap	P/E	P/B	ROE	ROCE	OPM	Sales 3y	Div yield
JKPAPER	₹6,689 cr	20.2x	1.2x	5.9%	8.0%	12.9%	+3.2%	1.27%
WSTCSTPAPR	₹5,203 cr	22.6x	1.4x	6.5%	9.4%	11.5%	-4.5%	0.74%
SESHAPAPER	₹1,290 cr	13.0x	0.6x	4.9%	5.9%	6.5%	-6.3%	1.22%
ANDHRAPAP	₹1,279 cr	46.3x	0.7x	1.4%	2.4%	4.8%	-6.7%	1.56%
NRAIL	₹1,122 cr	18.1x	1.4x	7.8%	10.0%	9.7%	+6.7%	0.31%
TNPL	₹899 cr	3.4x	0.4x	11.8%	6.6%	10.6%	-3.6%	2.31%
PDMJEPAPER	₹807 cr	8.8x	1.2x	14.5%	18.3%	15.4%	+2.1%	0.71%
EMAMIPAP	₹685 cr	7.7x	1.2x	14.9%	14.7%	12.0%	-6.2%	2.12%
SATIA	₹625 cr	–	0.6x	-0.7%	3.6%	7.8%	-8.3%	0.32%
RAMANEWS	₹409 cr	–	–	–	0.6%	-4.6%	-11.2%	–

All 40 companies in Paper & Paper Products →

Dividends & corporate actions

Ex-date	Action	Detail
2023-09-18	Other	Annual General Meeting
2022-09-14	Other	Annual General Meeting
2021-09-08	Other	Annual General Meeting
2020-09-16	Other	Annual General Meeting
2019-08-09	Other	Annual General Meeting
2018-09-12	Other	Annual General Meeting
2017-09-14	Other	Annual General Meeting
2016-08-30	Other	Annual General Meeting
2015-09-18	Other	Annual General Meeting
2014-09-17	Other	Annual General Meeting
2013-08-22	Other	Annual General Meeting
2012-09-12	Other	Annual General Meeting
2011-09-15	Other	Annual General Meeting
2010-09-16	Other	Annual General Meeting
2009-09-16	Other	Annual General Meeting
2008-09-08	Other	Annual General Meeting
2007-09-14	Other	Agm

Documents

Links go to the original files on the exchange website.

About the company


Sector	Commodities
Industry	Paper & Paper Products
Sub-industry	Paper & Paper Products
Symbol	RAMANEWS
BSE code	500356
ISIN	INE278B01020
Face value	₹10.0
Incorporated	–
Website	–
Plants (India / abroad)	–

Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.