Ganga Papers India Limited - packaging in Pune, Maharashtra, India. FY 2026 financials & compliance.
CIN L21012MH1985PTC035575 Incorporated 11 March 1985 ROC Pune HQ Pune, Maharashtra, India
Active Listed - BSE: 531813 packaging MSME · Medium
Data last updated
Market Cap
₹97.42 Cr
GANGAPA · BSE
Share Price
₹90.30
0.00% today
Revenue
₹280 Cr
FY 2025-26 · +8.8% YoY
EBITDA
₹7.56 Cr
Margin 2.7%
Net Profit
₹1.61 Cr
FY 2025-26 · +3.9% YoY
P/E (TTM)
54.4x
P/B 3.0x
ROE
5.1%
ROCE 7.5%
Debt / Equity
1.27
Interest cover 59.6x

About Ganga Papers India Limited

Data last updated:

Ganga Papers India Limited is a public limited company based in Pune, Maharashtra, India. It operates in the laminated and corrugated packaging segment of the packaging sector. It was incorporated on 11 March 1985 and has been in existence for over 41 years.

The company is registered with the Registrar of Companies (ROC), Pune, under CIN L21012MH1985PTC035575. Its GSTIN is 27AABCK2353A1Z3 (Maharashtra). It is a listed company as per MCA records. Its shares are listed on BSE: 531813.

The company has an authorised share capital of ₹11 Cr and a paid-up capital of ₹10.79 Cr. It was formerly known as Kasat Paper & Pulp Private Limited and Kasat Paper & Pulp Limited. It is led by directors including Sandeep Kanoria (Managing Director) and Ramesh Kumar Chaudhary.

Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 241 Village Bebedohal Tal. Maval, Pune, Maharashtra, India – 410506.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹280.24 Cr, a growth of 8.8% compared to the previous year. For the same year it recorded a net profit of ₹1.61 Cr (net margin 0.6%) and EBITDA of ₹7.56 Cr (EBITDA margin 2.7%). The net worth stands at ₹32.26 Cr (up 5.2% YoY). Total assets are valued at ₹76.57 Cr (up 15.8% YoY).

The company has about 147 employees on its provident fund (EPFO) records.

The company is associated with 2 brands: Ganga Papers India and Ganga Papers India Limited. As per MCA filings, the company has open charges of ₹50.09 Cr and satisfied charges of ₹102.55 Cr on record. Court records list 7 cases involving the company, including 3 filed by the company and 4 filed against it; 1 case is pending. The company has 11 deals on record (11 market trades); the latest was in October 2021. Its 5 peer companies in the Packaging industry (Paper Laminated and Corrugated Packaging), with the same principal business activity (wood and wood products, furniture, paper and paper products) are compared by revenue, 2 larger and 3 smaller; the largest is Avantha Holdings Limited with revenue of ₹271.76 Cr. The company has 6 MSME Form 1 returns on record between 2019 and 2022, listing 20 overdue payments to 6 micro and small suppliers.

Ganga Papers India Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-26-0086320). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website gangapapers.in.

Company details

CIN L21012MH1985PTC035575
Registration Number 035575
Incorporation Date 11 March 1985
ROC Pune
Listing Status Listed - Listed on BSE (531813)
Company Status Active
Date of Last AGM 26 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-26-0086320

Name history

Ganga Papers India has undergone 3 name changes throughout its history. The company was previously known as Kasat Paper & Pulp Private Limited, Kasat Paper & Pulp Limited, and Kasat Paper And Pulp Ltd. The current legal name is Ganga Papers India Limited.

Company NameStatus
Ganga Papers India LimitedCurrent
Kasat Paper & Pulp Private LimitedPrevious
Kasat Paper & Pulp LimitedPrevious
Kasat Paper And Pulp LtdPrevious

Recognitions & Rankings of Ganga Papers India

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-MH-26-0086320

Contact details

Ganga Papers India Limited's registered office is in Pune, Maharashtra. Its website is gangapapers.in. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Registered Address
    241 Village Bebedohal Tal. Maval, Pune, Maharashtra, India – 410506
  • Industry
    Packaging, Laminated & Corrugated Packaging, Paper

To see the full contact details of Ganga Papers India Limited, buy the company report.

Comprehensive company report
Ganga Papers India Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Brands

Ganga Papers India operates two associated brands: Ganga Papers India and Ganga Papers India Limited. Each brand links to its own profile.

BrandDescriptionWebsite
Paper manufacturing, including newsprint, writing, printing, and packaging papers in India.gangapapers.in
Manufacturer of newsprint, writing, printing, and packaging paperboardgangapapers.com

Business activity

The main business activity of Ganga Papers India is manufacturing. In detail, this covers wood and wood products, furniture, paper and paper products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC3Wood and wood products, furniture, paper and paper products

To see the full business activity and turnover split of Ganga Papers India Limited, buy the company report.

Financials of Ganga Papers India Limited

FY 2025-26 filings available

Ganga Papers India Limited reported revenue of ₹280.24 Cr (up 8.8% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹280 Cr
+8.8% YoY
EBITDA
₹7.56 Cr
+23.9% YoY
Profit After Tax
₹1.61 Cr
+3.9% YoY
Net Worth
₹32.26 Cr
+5.2% YoY
Total Assets
₹76.57 Cr
+15.8% YoY
Total Debt
₹44.32 Cr
+24.9% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue280258246298282177140
Revenue growth+8.8%+5.0%-17.6%+5.6%+59.8%+26.5%-
EBITDA7.566.106.709.2211.558.036.89
EBITDA margin+2.7%+2.4%+2.7%+3.1%+4.1%+4.6%+4.9%
Profit before tax2.272.052.004.467.215.532.07
Net profit1.611.551.473.285.364.121.85
Net profit margin+0.6%+0.6%+0.6%+1.1%+1.9%+2.3%+1.3%
EPS (₹)1.481.441.373.024.963.831.73
Balance sheet
Total assets76.5766.1566.2072.0065.7857.8752.30
Net worth32.2630.6629.1127.6324.3819.0214.89
Total debt44.3235.4937.0944.3741.4138.8537.41
Cash & bank5.290.951.552.439.516.714.15
Net working capital55.4842.0947.4151.0543.8733.2722.61
Cash flow
Cash from operations(1.92)7.548.88(6.71)1.961.097.13
Cash from investing(0.12)(6.71)(0.17)(0.09)(0.33)(0.08)(0.72)
Cash from financing5.99(3.44)(9.79)0.800.410.04(2.46)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue86.0176.1271.1670.6062.3664.1770.4757.32
Revenue growth (YoY)+37.9%+18.6%+1.0%+23.2%-5.1%---
Other income0.020.120.000.030.020.280.030.03
Total expenses84.2073.6169.4968.8460.7562.4269.2155.84
EBITDA1.812.511.671.761.611.751.261.48
EBITDA margin+2.1%+3.3%+2.3%+2.5%+2.6%+2.7%+1.8%+2.6%
Depreciation0.580.600.590.590.590.550.550.55
Interest0.581.000.680.800.630.680.300.58
Profit before tax0.671.030.400.400.410.800.440.38
Tax0.170.260.190.110.100.180.160.04

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 07 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue86.0176.1271.1670.6062.3664.1770.4757.32
Revenue growth (YoY)+37.9%+18.6%+1.0%+23.2%-5.1%---
Other income0.020.120.000.030.020.280.030.03
Total expenses84.2073.6169.4968.8460.7562.4269.2155.84
EBITDA1.812.511.671.761.611.751.261.48
EBITDA margin+2.1%+3.3%+2.3%+2.5%+2.6%+2.7%+1.8%+2.6%
Depreciation0.580.600.590.590.590.550.550.55
Interest0.581.000.680.800.630.680.300.58
Profit before tax0.671.030.400.400.410.800.440.38
Tax0.170.260.190.110.100.180.160.04
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue280258246298282177140
Revenue growth+8.8%+5.0%-17.6%+5.6%+59.8%+26.5%-
Other income0.170.380.320.180.412.080.69
Total expenses273252239289271169133
Employee cost2.982.812.662.972.671.551.13
EBITDA7.566.106.709.2211.558.036.89
EBITDA margin+2.7%+2.4%+2.7%+3.1%+4.1%+4.6%+4.9%
Depreciation2.362.212.242.162.122.142.09
Interest3.102.222.782.782.632.443.42
Profit before tax2.272.052.004.467.215.532.07
Tax0.660.500.531.181.851.410.22
Net profit1.611.551.473.285.364.121.85
Net profit margin+0.6%+0.6%+0.6%+1.1%+1.9%+2.3%+1.3%
EPS (₹)1.481.441.373.024.963.831.73
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital10.7910.7910.7910.7910.7910.7910.79
Reserves & surplus21.4719.8718.3216.8413.598.234.10
Shareholders' funds (net worth)32.2630.6629.1127.6324.3819.0214.89
Secured loans40.2135.1435.6839.2735.2627.3727.59
Unsecured loans4.110.351.415.106.1511.489.82
Total debt44.3235.4937.0944.3741.4138.8537.41
Total liabilities76.5766.1566.2072.0065.7857.8752.30
Assets
Gross block77.0169.6669.6669.6668.3068.3868.38
Net block22.9817.9920.1922.4323.2325.3627.50
Capital work in progress0.006.760.000.000.000.000.00
Investments0.020.020.020.020.020.020.02
Inventories24.3816.5719.3123.2714.144.4610.65
Sundry debtors41.3038.8836.0937.8532.6133.3616.36
Cash & bank balances5.290.951.552.439.516.714.15
Loans & advances6.173.546.157.6714.8711.935.75
Total current assets77.1459.9463.1071.2271.1356.4636.91
Total current liabilities21.6617.8515.6920.1727.2623.1914.30
Net working capital55.4842.0947.4151.0543.8733.2722.61
Total assets76.5766.1566.2072.0065.7857.8752.30
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.100.001.247.245.204.150.20
Net cash from operating activities(1.92)7.548.88(6.71)1.961.097.13
Net cash from investing activities(0.12)(6.71)(0.17)(0.09)(0.33)(0.08)(0.72)
Net cash from financing activities5.99(3.44)(9.79)0.800.410.04(2.46)
Net change in cash3.95(2.61)(1.08)(6.00)2.041.053.95
Closing cash5.290.951.552.439.516.714.15
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+8.8%+5.0%-17.6%+5.6%+59.8%+26.5%-
EBITDA growth+23.9%-9.0%-27.3%-20.2%+43.8%+16.6%-
PBT growth+10.7%+2.5%-55.2%-38.1%+30.4%+167.2%+2.0%
Net income growth+3.9%+5.4%-55.2%-38.8%+30.1%+122.7%-
Revenue CAGR (3Y)-2.0%-3.0%+11.6%+28.8%+28.7%+20.2%+20.0%
EBITDA CAGR (3Y)-6.4%-19.2%-5.9%+10.2%+21.1%+29.1%+22.2%
Profitability & leverage
Net income margin+0.6%+0.6%+0.6%+1.1%+1.9%+2.3%+1.3%
Return on capital employed+7.5%+6.5%+6.9%+10.4%+15.1%+12.6%+8.8%
Return on net worth+5.1%+5.2%+5.2%+12.3%+21.3%+16.4%+7.4%
Debt / equity1.271.211.441.651.852.252.66
Long-term debt / equity0.010.010.050.300.670.961.25
Interest cover59.6257.0762.3339.3827.8941.4371.25
Efficiency & per share
Fixed asset turnover3.823.703.524.324.132.582.06
Inventory turnover13.6914.3611.5315.9330.3523.3813.41
Debtors turnover6.996.876.648.468.567.108.31
EPS (₹)1.481.441.373.024.963.831.73
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)29.9028.4226.9825.6122.5917.6313.80

To see the full year-wise statements and ratios of Ganga Papers India Limited, buy the company report.

Board of directors of Ganga Papers India Limited

Ganga Papers India has 7 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Ramesh Kumar ChaudharyDirector03 Apr 200620 Years 7 MonthsCurrent
Sadhana KanoriaDirector05 Jan 201511 Years 10 MonthsCurrent
Sandeep KanoriaManaging Director03 Apr 200620 Years 7 MonthsCurrent
Amit KapoorDirector11 Aug 20233 Years 2 MonthsCurrent
Shreyash AgrawalDirector13 Aug 20242 Years 2 MonthsCurrent
Surya Prakash AgrawalDirector13 Aug 20242 Years 2 MonthsCurrent
Showing 6 of 7 current directors. View all directors

Peer comparison

Ganga Papers India Limited is compared with the 5 companies closest to it by revenue in the Packaging industry (Paper Laminated and Corrugated Packaging), with the same principal business activity (wood and wood products, furniture, paper and paper products), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Ganga Papers India Limitedthis company₹280.24 Cr (FY 2026)₹1.61 Cr0.6%8.8%147Pune, Maharashtra, India
Avantha Holdings Limited₹271.76 Cr (FY 2025)-36.0%New Delhi, Delhi, India
NS Papers Limited₹265.06 Cr (FY 2018)53.0%Muzaffarnagar, Uttar Pradesh, India
Satkar Paper Mills Private Limited₹254.55 Cr (FY 2025)17.0%Punjab, India
Shree Packers (MP) Private Limited₹246.58 Cr (FY 2024)109.0%Ujjain, Madhya Pradesh, India
Biltube Industries Limited₹240.4 Cr (FY 2025)30.0%Kolhapur, Maharashtra, India

To see the full peer comparison of Ganga Papers India Limited, buy the company report.

Auditor

Ganga Papers India Limited is audited by A K Agrawal & Co. for the financial year 2022.

Auditor firmFinancial yearFirm registration number
A K Agrawal & Co.FY 2022018282C

Shareholding

Shareholding for the quarter ended Mar 2026: promoters hold 75.00%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.20% and retail and other public shareholders hold 24.80%.

Promoters: 75.00%DII (Domestic Institutional): 0.20%Retail & Others: 24.80%
Mar 2026
QUARTER
75.00% Promoters
0.20% DII (Domestic Institutional)
24.80% Retail & Others
Promoter holding - history
Now 75.00% · Mar 2026High 75.00% · Jun 2025Low 75.00% · Jun 2025
74%74.5%75%75.5%76%Jun 2025Sep 2025Dec 2025Mar 2026Jun 2025: 75.00%Sep 2025: 75.00%Dec 2025: 75.00%Mar 2026: 75.00%75.00%75.00%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025
Promoters75.00%75.00%75.00%75.00%
Public25.00%25.00%25.00%25.00%

Charges & borrowings

Open charges
₹50.09 Cr
Satisfied charges
₹102.55 Cr
Breakdown by lending institutions
Others₹49.50 Cr
Hdfc Bank Limited₹0.59 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
24 Apr 2026101290682Others₹4.5 CrOpen
01 Nov 2022100643409Hdfc Bank Limited₹20 LakhOpen
23 Aug 2018100199077Hdfc Bank Limited₹38.85 LakhOpen
07 Dec 2016100075133Others₹45 CrOpen
31 Dec 2025101221966Others₹3.5 CrSatisfied

To see the full charge records of Ganga Papers India Limited, buy the company report.

Total charge records: 31 View all charges

Deals & funding

Ganga Papers India Limited has 11 deals on record (11 market trades); the latest was in October 2021.

Total deals
11
Market trades
11

Deals on record (5 of 11)

WhenDealAmountParties
Oct 2021Market trade₹1.06 CrBuyer: Poddar Global Private Limited
Oct 2021Market trade₹89.6 LakhBuyer: Poddar Global Private Limited
Jun 2017Market trade₹27.1 LakhBuyer: an individual
Seller: Ajcon Finance Limited
Jun 2017Market trade₹27.2 LakhBuyer: an individual
Seller: Ajcon Finance Limited
Jun 2017Market trade₹4.13 CrBuyer: G K Prusty And Sons Huf, 2 individuals
Seller: Ras Polytex Private Limited , Ajcon Finance Limited

To see the full deal history of Ganga Papers India Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Ganga Papers India Limited was last rated by Crisil on 30 Jan 2020.

Rating agencyRated onRating
Crisil30 Jan 2020

To see the full credit ratings and regulatory alerts of Ganga Papers India Limited, buy the company report.

MSME payment delays

Ganga Papers India Limited has 6 MSME Form 1 returns on record between 2019 and 2022, listing 20 overdue payments to 6 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 6)

SupplierAmount dueDue sinceReported on
Nnoweta Performance Chemicals Private Limited
Bizsol India Services Private Limited
an individual supplier
an individual supplier
Mufg Intime India Private Limited

To see the full MSME payment records of Ganga Papers India Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Ganga Papers India Limited has a workforce of 147 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.

Employee count
147
Active EPFO establishments
1
Employee growth
-0.68%

GST

Ganga Papers India has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
27AABCK2353A1Z3MaharashtraActive01 Jul 2017

To see the full GST registrations and return filing status of Ganga Papers India Limited, buy the company report.

Recent activity

Ganga Papers India Limited has 29 board changes on record since 1985: 19 appointments and 10 cessations. The latest: Anjani Kumar Agrawal ceased to be Director on 27 Sep 2024.

Charges
A charge with Others amounted to Rs. 4.50 Cr with Charge ID 101290682 was registered on 24 Apr 2026.
Filing
Ganga Papers India Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Pune.
Charges
A charge registered on 31 Dec 2025 via Charge ID 101221966 with Others was fully satisfied on 30 Mar 2026.
Charges
A charge with Others amounted to Rs. 3.50 Cr with Charge ID 101221966 was registered on 31 Dec 2025.
AGM
Ganga Papers India Limited last Annual general meeting of members was held on 26 Sep 2025 as per latest MCA records.
Charges
A charge with Others of Rs. 45.00 Cr registered on 07 Dec 2016 with Charge ID 100075133 was modified on 12 Jun 2025.
Ceased
Anjani Kumar Agrawal ceased to be Director.
Ceased
Sanjeev Murari Jalan ceased to be Director.
Appointed
Shreyash Agrawal was appointed as Director.
Appointed
Surya Prakash Agrawal was appointed as Director.
Charges
A charge registered on 09 May 2023 via Charge ID 100718641 with Others was fully satisfied on 13 Apr 2024.
Appointed
Amit Chaudhary was appointed as CFO.

92 earlier events are in the company report.

Frequently asked questions

Ganga Papers India is an active company based in Pune, Maharashtra, India. The company works in laminated and corrugated packaging, within the packaging industry. It was incorporated on 11 March 1985 (41+ years old) and is registered under CIN L21012MH1985PTC035575. Listed on BSE: 531813.

Ganga Papers India reported revenue of ₹280.24 Cr for FY 2025-26 (up 8.8% YoY) based on standalone financials.

Ganga Papers India has 7 current directors:

The latest financial statements of Ganga Papers India on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Ganga Papers India is 27AABCK2353A1Z3, registered in Maharashtra.

The CIN (Corporate Identification Number) of Ganga Papers India is L21012MH1985PTC035575. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Ganga Papers India is a listed company as per MCA records. Its shares are listed on BSE (code: 531813).

Ganga Papers India has 7 court cases on record: 3 filed by the company and 4 filed against it. 1 is pending.

Ganga Papers India was incorporated on 11 March 1985, making it 41+ years old. It is registered with the Registrar of Companies, Pune.

Ganga Papers India has 11 deals on record (11 market trades); the latest was in October 2021.

The peers of Ganga Papers India by revenue are Avantha Holdings Limited, NS Papers Limited, Satkar Paper Mills Private Limited, Shree Packers (MP) Private Limited, Biltube Industries Limited, all in the Packaging industry (Paper Laminated and Corrugated Packaging), with the same principal business activity (wood and wood products, furniture, paper and paper products).

Anjani Kumar Agrawal ceased to be Director on 27 Sep 2024. Sanjeev Murari Jalan ceased to be Director on 27 Sep 2024. Shreyash Agrawal was appointed as Director on 13 Aug 2024. Ganga Papers India has 29 board changes on record in total.