Reported Earnings • May 30
Full year 2026 earnings released: EPS: ₹33.78 (vs ₹11.31 in FY 2025) Full year 2026 results: EPS: ₹33.78 (up from ₹11.31 in FY 2025). Revenue: ₹7.04b (up 39% from FY 2025). Net income: ₹300.5m (up 219% from FY 2025). Profit margin: 4.3% (up from 1.9% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • May 23
Shree Ajit Pulp and Paper Limited to Report Q4, 2026 Results on May 28, 2026 Shree Ajit Pulp and Paper Limited announced that they will report Q4, 2026 results on May 28, 2026 Reported Earnings • Feb 10
Third quarter 2026 earnings released: EPS: ₹8.47 (vs ₹2.28 in 3Q 2025) Third quarter 2026 results: EPS: ₹8.47 (up from ₹2.28 in 3Q 2025). Revenue: ₹1.77b (up 47% from 3Q 2025). Net income: ₹75.3m (up 306% from 3Q 2025). Profit margin: 4.3% (up from 1.5% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Announcement • Jan 31
Shree Ajit Pulp and Paper Limited to Report Q3, 2026 Results on Feb 09, 2026 Shree Ajit Pulp and Paper Limited announced that they will report Q3, 2026 results on Feb 09, 2026 Reported Earnings • Nov 16
Second quarter 2026 earnings released: EPS: ₹6.56 (vs ₹1.77 in 2Q 2025) Second quarter 2026 results: EPS: ₹6.56 (up from ₹1.77 in 2Q 2025). Revenue: ₹1.73b (up 55% from 2Q 2025). Net income: ₹58.4m (up 325% from 2Q 2025). Profit margin: 3.4% (up from 1.2% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Announcement • Nov 07
Shree Ajit Pulp and Paper Limited to Report Q2, 2026 Results on Nov 14, 2025 Shree Ajit Pulp and Paper Limited announced that they will report Q2, 2026 results at 12:15 PM, Indian Standard Time on Nov 14, 2025 Announcement • Aug 28
Shree Ajit Pulp and Paper Limited, Annual General Meeting, Sep 30, 2025 Shree Ajit Pulp and Paper Limited, Annual General Meeting, Sep 30, 2025, at 10:00 Indian Standard Time. Reported Earnings • Aug 16
First quarter 2026 earnings released: EPS: ₹7.95 (vs ₹2.92 in 1Q 2025) First quarter 2026 results: EPS: ₹7.95 (up from ₹2.92 in 1Q 2025). Revenue: ₹1.77b (up 50% from 1Q 2025). Net income: ₹70.7m (up 223% from 1Q 2025). Profit margin: 4.0% (up from 1.9% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Aug 14
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₹243, the stock trades at a trailing P/E ratio of 21.8x. Average trailing P/E is 21x in the Forestry industry in India. Total returns to shareholders of 27% over the past three years. Announcement • Aug 09
Shree Ajit Pulp and Paper Limited to Report Q1, 2026 Results on Aug 14, 2025 Shree Ajit Pulp and Paper Limited announced that they will report Q1, 2026 results on Aug 14, 2025 New Risk • Jun 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.5x net interest cover). Earnings have declined by 18% per year over the past 5 years. Shareholders have been substantially diluted in the past year (67% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Market cap is less than US$100m (₹1.92b market cap, or US$22.4m). Reported Earnings • May 30
Full year 2025 earnings released: EPS: ₹11.95 (vs ₹14.83 in FY 2024) Full year 2025 results: EPS: ₹11.95. Revenue: ₹5.07b (up 72% from FY 2024). Net income: ₹99.6m (up 21% from FY 2024). Profit margin: 2.0% (down from 2.8% in FY 2024). The decrease in margin was driven by higher expenses. Announcement • May 21
Shree Ajit Pulp and Paper Limited to Report Q4, 2025 Results on May 29, 2025 Shree Ajit Pulp and Paper Limited announced that they will report Q4, 2025 results on May 29, 2025 New Risk • Mar 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). Earnings have declined by 15% per year over the past 5 years. Shareholders have been substantially diluted in the past year (67% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (₹1.82b market cap, or US$21.0m). Reported Earnings • Feb 15
Third quarter 2025 earnings released: EPS: ₹2.28 (vs ₹2.97 in 3Q 2024) Third quarter 2025 results: EPS: ₹2.28. Revenue: ₹1.21b (up 180% from 3Q 2024). Net income: ₹18.6m (up 17% from 3Q 2024). Profit margin: 1.5% (down from 3.7% in 3Q 2024). Announcement • Feb 10
Shree Ajit Pulp and Paper Limited to Report Q3, 2025 Results on Feb 14, 2025 Shree Ajit Pulp and Paper Limited announced that they will report Q3, 2025 results on Feb 14, 2025 Reported Earnings • Nov 16
Second quarter 2025 earnings released: EPS: ₹1.77 (vs ₹2.13 in 2Q 2024) Second quarter 2025 results: EPS: ₹1.77. Revenue: ₹1.12b (up 64% from 2Q 2024). Net income: ₹13.8m (up 21% from 2Q 2024). Profit margin: 1.2% (down from 1.7% in 2Q 2024). Announcement • Nov 06
Shree Ajit Pulp and Paper Limited to Report Q2, 2025 Results on Nov 14, 2024 Shree Ajit Pulp and Paper Limited announced that they will report Q2, 2025 results on Nov 14, 2024 Announcement • Aug 24
Shree Ajit Pulp and Paper Limited, Annual General Meeting, Sep 30, 2024 Shree Ajit Pulp and Paper Limited, Annual General Meeting, Sep 30, 2024, at 11:00 Indian Standard Time. Reported Earnings • Aug 15
First quarter 2025 earnings released: EPS: ₹2.92 (vs ₹4.98 in 1Q 2024) First quarter 2025 results: EPS: ₹2.92 (down from ₹4.98 in 1Q 2024). Revenue: ₹1.18b (up 56% from 1Q 2024). Net income: ₹21.9m (down 18% from 1Q 2024). Profit margin: 1.8% (down from 3.5% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Announcement • Aug 09
Shree Ajit Pulp and Paper Limited to Report Q1, 2025 Results on Aug 14, 2024 Shree Ajit Pulp and Paper Limited announced that they will report Q1, 2025 results at 3:30 PM, Indian Standard Time on Aug 14, 2024 Reported Earnings • Jun 04
Full year 2024 earnings released: EPS: ₹14.83 (vs ₹38.64 in FY 2023) Full year 2024 results: EPS: ₹14.83 (down from ₹38.64 in FY 2023). Revenue: ₹3.01b (down 19% from FY 2023). Net income: ₹82.5m (down 60% from FY 2023). Profit margin: 2.7% (down from 5.6% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Announcement • May 24
Shree Ajit Pulp and Paper Limited to Report Q4, 2024 Results on May 29, 2024 Shree Ajit Pulp and Paper Limited announced that they will report Q4, 2024 results on May 29, 2024 Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹219, the stock trades at a trailing P/E ratio of 33.6x. Average trailing P/E is 20x in the Forestry industry in India. Total returns to shareholders of 39% over the past three years. Announcement • Mar 23
Shree Ajit Pulp and Paper Limited Announces Resignation of Nawal Kishor Modi as Independent Director Shree Ajit Pulp and Paper Limited announced that Mr. Nawal Kishor Modi (DIN: 00722024) vide letter dated March 22, 2024, has tendered his resignation as an Independent Director of the Company, with effect from close of business hours on March 22, 2024 and the same was accepted by the Board of Directors at its Meeting held on March 22, 2024. Reason for resignation is due to personal reasons and pre-occupation and there is no other material reason for resignation other than those mentioned. Board Change • Mar 13
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. Additional Independent Director Yogesh Kabaria was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹182, the stock trades at a trailing P/E ratio of 28x. Average trailing P/E is 18x in the Forestry industry in India. Total returns to shareholders of 7.7% over the past three years. New Risk • Mar 10
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 67% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (7.7% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings have declined by 4.7% per year over the past 5 years. Shareholders have been substantially diluted in the past year (67% increase in shares outstanding). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (2.2% net profit margin). Market cap is less than US$100m (₹1.80b market cap, or US$21.8m). Announcement • Mar 06
Shree Ajit Pulp and Paper Limited has completed a Follow-on Equity Offering in the amount of INR 285.69064 million. Shree Ajit Pulp and Paper Limited has completed a Follow-on Equity Offering in the amount of INR 285.69064 million.
Security Name: Equity Shares
Security Type: Common Stock
Securities Offered: 3,571,133
Price\Range: INR 80
Transaction Features: Regulation S; Rights Offering Reported Earnings • Feb 15
Third quarter 2024 earnings released: EPS: ₹2.97 (vs ₹28.78 in 3Q 2023) Third quarter 2024 results: EPS: ₹2.97 (down from ₹28.78 in 3Q 2023). Revenue: ₹430.3m (down 50% from 3Q 2023). Net income: ₹15.9m (down 90% from 3Q 2023). Profit margin: 3.7% (down from 18% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Announcement • Feb 08
Shree Ajit Pulp and Paper Limited to Report Q3, 2024 Results on Feb 14, 2024 Shree Ajit Pulp and Paper Limited announced that they will report Q3, 2024 results at 3:30 PM, Indian Standard Time on Feb 14, 2024 New Risk • Jan 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (7.7% operating cash flow to total debt). High level of non-cash earnings (26% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Market cap is less than US$100m (₹2.09b market cap, or US$25.2m). Valuation Update With 7 Day Price Move • Jan 11
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹332, the stock trades at a trailing P/E ratio of 9.1x. Average trailing P/E is 10x in the Forestry industry in India. Total returns to shareholders of 88% over the past three years. Reported Earnings • Nov 11
Second quarter 2024 earnings released: EPS: ₹2.13 (vs ₹4.35 in 2Q 2023) Second quarter 2024 results: EPS: ₹2.13 (down from ₹4.35 in 2Q 2023). Revenue: ₹683.4m (down 36% from 2Q 2023). Net income: ₹11.4m (down 51% from 2Q 2023). Profit margin: 1.7% (down from 2.2% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Announcement • Nov 03
Shree Ajit Pulp and Paper Limited to Report Q2, 2024 Results on Nov 09, 2023 Shree Ajit Pulp and Paper Limited announced that they will report Q2, 2024 results on Nov 09, 2023 Reported Earnings • Aug 15
First quarter 2024 earnings released: EPS: ₹4.98 (vs ₹4.74 in 1Q 2023) First quarter 2024 results: EPS: ₹4.98 (up from ₹4.74 in 1Q 2023). Revenue: ₹767.0m (down 26% from 1Q 2023). Net income: ₹26.7m (up 5.0% from 1Q 2023). Profit margin: 3.5% (up from 2.5% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Announcement • Aug 08
Shree Ajit Pulp and Paper Limited to Report Q1, 2024 Results on Aug 14, 2023 Shree Ajit Pulp and Paper Limited announced that they will report Q1, 2024 results on Aug 14, 2023 Announcement • Jul 07
Shree Ajit Pulp and Paper Limited, Annual General Meeting, Aug 04, 2023 Shree Ajit Pulp and Paper Limited, Annual General Meeting, Aug 04, 2023, at 11:00 Indian Standard Time. Announcement • May 31
Shree Ajit Pulp and Paper Limited Recommends Dividend for the Year Ended on March 31, 2023 Shree Ajit Pulp and Paper Limited announced that the Board of Directors in its meeting held on May 30, 2023, recommended dividend @ 10%, that is INR 1 per Equity Share for the year ended on March 31, 2023, subject to approval of members at the upcoming Annual General Meeting. Announcement • May 23
Shree Ajit Pulp and Paper Limited to Report Q4, 2023 Results on May 30, 2023 Shree Ajit Pulp and Paper Limited announced that they will report Q4, 2023 results on May 30, 2023 Announcement • May 10
Shree Ajit Pulp and Paper Limited Announces Shut Down of the Plant Shree Ajit Pulp and Paper Limited informed that the plant of the Company is being shut down from 10th May, 2023 to carry out maintenance of the plant. Announcement • Feb 05
Shree Ajit Pulp and Paper Limited to Report Q3, 2023 Results on Feb 14, 2023 Shree Ajit Pulp and Paper Limited announced that they will report Q3, 2023 results on Feb 14, 2023 Announcement • Jan 06
Shree Ajit Pulp and Paper Limited Announces Temporary Plant Shut Down Shree Ajit Pulp and Paper Limited announced that the plant of the Company is being shut down from 5 January, 2023 to 19 January, 2023, to carry out installation and erection of various equipments. Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: ₹4.35 (vs ₹11.06 in 2Q 2022) Second quarter 2023 results: EPS: ₹4.35 (down from ₹11.06 in 2Q 2022). Revenue: ₹1.07b (up 4.8% from 2Q 2022). Net income: ₹23.3m (down 61% from 2Q 2022). Profit margin: 2.2% (down from 5.8% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 05
Shree Ajit Pulp and Paper Limited to Report Q2, 2023 Results on Nov 12, 2022 Shree Ajit Pulp and Paper Limited announced that they will report Q2, 2023 results at 3:30 PM, Indian Standard Time on Nov 12, 2022 Upcoming Dividend • Sep 02
Upcoming dividend of ₹1.00 per share Eligible shareholders must have bought the stock before 09 September 2022. Payment date: 20 October 2022. Payout ratio is a comfortable 3.5% but the company is not cash flow positive. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.6%). Lower than average of industry peers (0.6%). Reported Earnings • Aug 18
First quarter 2023 earnings released: EPS: ₹4.74 (vs ₹16.29 in 1Q 2022) First quarter 2023 results: EPS: ₹4.74 (down from ₹16.29 in 1Q 2022). Revenue: ₹1.03b (up 19% from 1Q 2022). Net income: ₹25.4m (down 71% from 1Q 2022). Profit margin: 2.5% (down from 10.0% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 06
Shree Ajit Pulp and Paper Limited to Report Q1, 2023 Results on Aug 13, 2022 Shree Ajit Pulp and Paper Limited announced that they will report Q1, 2023 results on Aug 13, 2022 Reported Earnings • Jun 02
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: ₹40.37 (down from ₹44.80 in FY 2021). Revenue: ₹4.19b (up 57% from FY 2021). Net income: ₹216.2m (down 9.9% from FY 2021). Profit margin: 5.2% (down from 9.0% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) missed analyst estimates by 92%. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 16% per year. Announcement • May 29
Shree Ajit Pulp & Paper Ltd Recommends Dividend for the Financial Year 2021-22 Shree Ajit Pulp And Paper Ltd. has announced that the Board of Directors of the Company at its meeting held on May 28, 2022, inter alia, has recommended dividend at 10%, i.e. INR 1 per Equity Share on 53,56,700 Equity Shares of INR 10 each for the financial year 2021-22. Announcement • May 21
Shree Ajit Pulp and Paper Limited to Report Q4, 2022 Results on May 28, 2022 Shree Ajit Pulp and Paper Limited announced that they will report Q4, 2022 results on May 28, 2022 Reported Earnings • Feb 13
Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2022 results: EPS: ₹9.99 (down from ₹18.13 in 3Q 2021). Revenue: ₹1.07b (up 32% from 3Q 2021). Net income: ₹53.5m (down 45% from 3Q 2021). Profit margin: 5.0% (down from 12% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) missed analyst estimates by 92%. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 12
Shree Ajit Pulp and Paper Limited Announces Board Changes Shree Ajit Pulp and Paper Limited informed that Ms. Devashri Gautam Shah has tendered her resignation as a Non-executive Non-Independent Director of the Company with effect from the close of business hours on 10th February, 2022, due to personal reasons. Announcement • Feb 04
Shree Ajit Pulp and Paper Limited to Report Q3, 2022 Results on Feb 11, 2022 Shree Ajit Pulp and Paper Limited announced that they will report Q3, 2022 results on Feb 11, 2022 Reported Earnings • Nov 13
Second quarter 2022 earnings released: EPS ₹11.06 (vs ₹8.26 in 2Q 2021) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2022 results: Revenue: ₹1.02b (up 56% from 2Q 2021). Net income: ₹59.2m (up 34% from 2Q 2021). Profit margin: 5.8% (down from 6.7% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 8% per year. Upcoming Dividend • Sep 09
Upcoming dividend of ₹1.00 per share Eligible shareholders must have bought the stock before 16 September 2021. Payment date: 28 October 2021. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (0.6%). Reported Earnings • Aug 18
First quarter 2022 earnings released: EPS ₹16.29 (vs ₹0.55 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: ₹870.1m (up 214% from 1Q 2021). Net income: ₹87.3m (up ₹84.3m from 1Q 2021). Profit margin: 10.0% (up from 1.1% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jul 01
Full year 2021 earnings released: EPS ₹44.80 (vs ₹37.21 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹2.67b (up 11% from FY 2020). Net income: ₹240.0m (up 20% from FY 2020). Profit margin: 9.0% (up from 8.3% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year and the company’s share price has also increased by 13% per year. Valuation Update With 7 Day Price Move • May 26
Investor sentiment improved over the past week After last week's 16% share price gain to ₹325, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 16x in the Forestry industry in India. Total returns to shareholders of 52% over the past three years. Valuation Update With 7 Day Price Move • May 03
Investor sentiment improved over the past week After last week's 17% share price gain to ₹269, the stock trades at a trailing P/E ratio of 6.7x. Average trailing P/E is 18x in the Forestry industry in India. Total returns to shareholders of 36% over the past three years. Executive Departure • Mar 07
Independent Non-Executive Director has left the company On the 3rd of March, Laxminarayan Garg's tenure as Independent Non-Executive Director ended after 7.4 years in the role. We don't have any record of a personal shareholding under Laxminarayan's name. Laxminarayan is the only executive to leave the company over the last 12 months. Announcement • Mar 06
Shree Ajit Pulp and Paper Limited Announces the Resignation Tendered by Laxminarayan Jethmal Garg as the Independent Director Shree Ajit Pulp and Paper Limited announced that the Board of Directors in its meeting held on 3 March, 2021 has considered the resignation tendered by Mr. Laxminarayan Jethmal Garg as the Independent Director of the company with effect from 3 March, 2021, due to personal reasons. Reported Earnings • Feb 13
Third quarter 2021 earnings released: EPS ₹18.13 (vs ₹3.30 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹811.0m (up 55% from 3Q 2020). Net income: ₹97.1m (up 449% from 3Q 2020). Profit margin: 12% (up from 3.4% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improved over the past week After last week's 24% share price gain to ₹213, the stock is trading at a trailing P/E ratio of 8.4x, up from the previous P/E ratio of 6.8x. This compares to an average P/E of 16x in the Forestry industry in India. Total returns to shareholders over the past three years are 20%. Is New 90 Day High Low • Feb 12
New 90-day high: ₹213 The company is up 35% from its price of ₹158 on 13 November 2020. The Indian market is up 22% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Forestry industry, which is up 42% over the same period. Announcement • Feb 04
Shree Ajit Pulp and Paper Limited to Report Q3, 2021 Results on Feb 11, 2021 Shree Ajit Pulp and Paper Limited announced that they will report Q3, 2021 results on Feb 11, 2021 Announcement • Dec 03
Shree Ajit Pulp and Paper Limited Approves Appointment of Yogesh Valjibhai Kabaria as an Additional Director (Independent) Shree Ajit Pulp and Paper Limited announced that the board of directors in its meeting held December 2, 2020, have approved the appointment of Mr. Yogesh Valjibhai Kabaria as an Additional Director (Independent) with effect from December 2, 2020 to hold office till the date of upcoming annual general meeting of the company. Is New 90 Day High Low • Dec 01
New 90-day high: ₹189 The company is up 23% from its price of ₹153 on 02 September 2020. The Indian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 7.0% over the same period. Reported Earnings • Nov 15
Second quarter 2021 earnings released: EPS ₹8.26 The company reported a soft second quarter result with weaker earnings and profit margins, although revenues were improved. Second quarter 2021 results: Revenue: ₹656.4m (up 2.5% from 2Q 2020). Net income: ₹44.2m (down 40% from 2Q 2020). Profit margin: 6.7% (down from 12% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Sep 08
Shree Ajit Pulp and Paper Limited to Report Q1, 2021 Results on Sep 14, 2020 Shree Ajit Pulp and Paper Limited announced that they will report Q1, 2021 results on Sep 14, 2020