Sangal Papers Limited - manufacturing in Uttar Pradesh, India. FY 2026 financials & compliance.
CIN L21015UP1980PLC005138 Incorporated 25 November 1980 ROC Uttar Pradesh HQ Uttar Pradesh, India
Active Listed - BSE: 516096 Public Limited Company manufacturing MSME · Medium
Data last updated
Market Cap
₹25.13 Cr
SANPA · BSE
Share Price
₹189.70
-1.09% today
Revenue
₹179 Cr
FY 2025-26 · -0.5% YoY
EBITDA
₹6.69 Cr
Margin 3.7%
Net Profit
₹2.60 Cr
FY 2025-26 · -14.5% YoY
P/E (TTM)
5.9x
P/B 0.5x
ROE
5.8%
ROCE 8.0%
Debt / Equity
0.65
Interest cover 47.9x

About Sangal Papers Limited

Data last updated:

Sangal Papers Limited is a public limited company based in Uttar Pradesh, India. It operates in the paper and packaging products segment of the manufacturing sector. It was incorporated on 25 November 1980 and has been in existence for over 46 years.

The company is registered with the Registrar of Companies (ROC), Uttar Pradesh, under CIN L21015UP1980PLC005138. Its GSTIN is 09AACCS4253J2Z5 (Uttar Pradesh). The company holds 3 GST registrations, of which 1 is active. It is a listed company as per MCA records. Its shares are listed on BSE: 516096.

The company has an authorised share capital of ₹7 Cr and a paid-up capital of ₹1.31 Cr. It is led by directors including Himanshu Sangal (Managing Director) and Amit Sangal (Whole-Time Director).

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 Village Bhainsa 22 Km Mawana Road Meerut, Uttar Pradesh, India.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹179.34 Cr, a decline of 0.5% compared to the previous year. For the same year it recorded a net profit of ₹2.6 Cr (net margin 1.4%) and EBITDA of ₹6.69 Cr (EBITDA margin 3.7%). The net worth stands at ₹46.73 Cr (up 5.4% YoY). Total assets are valued at ₹79.02 Cr (up 9.7% YoY).

The company has about 244 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Sangal Papers. As per MCA filings, the company has open charges of ₹36.18 Cr and satisfied charges of ₹92.59 Cr on record. Court records list 49 cases involving the company, including 35 filed by the company and 14 filed against it; 12 cases are pending. The company has 10 deals on record (10 market trades); the latest was in September 2025. Its 9 peer companies in the Manufacturing industry (Paper), with the same principal business activity (wood and wood products, furniture, paper and paper products) are compared by revenue, 4 larger and 5 smaller; the largest is Aroma Craft and Tissues Private Limited with revenue of ₹185.36 Cr. The company has 11 MSME Form 1 returns on record between 2019 and 2023, listing 177 overdue payments to 37 micro and small suppliers.

Sangal Papers Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-UP-56-0009600). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sangalpapers.com.

Company details

CIN L21015UP1980PLC005138
Registration Number 005138
Incorporation Date 25 November 1980
ROC Uttar Pradesh
Listing Status Listed - Listed on BSE (516096)
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-UP-56-0009600

Recognitions & Rankings of Sangal Papers

MSME (Udyam registered) Ministry of MSME
Category
Medium (2023-24)
Udyam number
UDYAM-UP-56-0009600

Contact details

Sangal Papers Limited's registered office is in Uttar Pradesh. Its website is sangalpapers.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Social Media
  • Registered Address
    Village Bhainsa 22 Km Mawana Road Meerut, Uttar Pradesh, India
  • Industry
    Manufacturing, Paper & Packaging Products

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

Comprehensive company report
Sangal Papers 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

Sangal Papers operates one associated brand: Sangal Papers. Each brand links to its own profile.

BrandDescriptionWebsite
Garden supplies, home goods, and aquatic pet products are retailed.sangalpapers.com

Business activity

The main business activity of Sangal Papers 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 Sangal Papers Limited, buy the company report.

Financials of Sangal Papers Limited

FY 2025-26 filings available

Sangal Papers Limited reported revenue of ₹179.34 Cr (down 0.5% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹179 Cr
-0.5% YoY
EBITDA
₹6.69 Cr
-15.1% YoY
Profit After Tax
₹2.60 Cr
-14.5% YoY
Net Worth
₹46.73 Cr
+5.4% YoY
Total Assets
₹79.02 Cr
+9.7% YoY
Total Debt
₹31.41 Cr
+17.0% 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
Revenue179180190226155106126
Revenue growth-0.5%-5.3%-15.8%+45.9%+46.3%-15.7%-
EBITDA6.697.886.776.604.543.314.51
EBITDA margin+3.7%+4.4%+3.6%+2.9%+2.9%+3.1%+3.6%
Profit before tax3.294.023.474.802.120.781.91
Net profit2.603.042.473.381.660.671.76
Net profit margin+1.5%+1.7%+1.3%+1.5%+1.1%+0.6%+1.4%
EPS (₹)18.1121.6218.9025.9012.555.0013.79
Balance sheet
Total assets79.0272.0668.8364.8255.6153.4854.38
Net worth46.7344.3541.5639.1435.7934.1633.18
Total debt31.4126.8526.5024.9319.1618.7420.37
Cash & bank2.110.951.421.060.140.230.26
Net working capital34.9037.2534.1232.0026.8424.6927.11
Cash flow
Cash from operations10.725.774.304.491.216.712.53
Cash from investing(11.93)(4.06)(2.98)(7.50)(0.08)(3.47)(2.43)
Cash from financing2.36(2.18)(0.96)3.83(1.14)(3.36)(0.11)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue55.9136.7246.7048.3547.5746.8139.6651.19
Revenue growth (YoY)+17.5%-21.6%+17.8%-5.6%+11.6%---
Other income0.240.230.150.320.150.210.100.20
Total expenses51.2534.5445.3447.2045.5945.3038.5747.86
EBITDA4.662.181.361.151.981.511.093.33
EBITDA margin+8.3%+5.9%+2.9%+2.4%+4.2%+3.2%+2.7%+6.5%
Depreciation0.590.550.490.490.480.490.440.51
Interest0.600.540.540.560.560.590.670.65
Profit before tax3.711.320.480.421.090.640.082.37
Tax1.040.410.130.110.290.21(0.09)0.81

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 30 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue55.9136.7246.7048.3547.5746.8139.6651.19
Revenue growth (YoY)+17.5%-21.6%+17.8%-5.6%+11.6%---
Other income0.240.230.150.320.150.210.100.20
Total expenses51.2534.5445.3447.2045.5945.3038.5747.86
EBITDA4.662.181.361.151.981.511.093.33
EBITDA margin+8.3%+5.9%+2.9%+2.4%+4.2%+3.2%+2.7%+6.5%
Depreciation0.590.550.490.490.480.490.440.51
Interest0.600.540.540.560.560.590.670.65
Profit before tax3.711.320.480.421.090.640.082.37
Tax1.040.410.130.110.290.21(0.09)0.81
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue179180190226155106126
Revenue growth-0.5%-5.3%-15.8%+45.9%+46.3%-15.7%-
Other income0.850.640.992.020.650.470.83
Total expenses173172184220150103121
Employee cost6.597.066.818.357.827.287.76
EBITDA6.697.886.776.604.543.314.51
EBITDA margin+3.7%+4.4%+3.6%+2.9%+2.9%+3.1%+3.6%
Depreciation2.011.921.721.591.431.361.29
Interest2.242.582.572.231.641.642.14
Profit before tax3.294.023.474.802.120.781.91
Tax0.951.181.001.410.470.110.10
Net profit2.603.042.473.381.660.671.76
Net profit margin+1.5%+1.7%+1.3%+1.5%+1.1%+0.6%+1.4%
EPS (₹)18.1121.6218.9025.9012.555.0013.79
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital1.311.311.311.311.311.311.31
Reserves & surplus45.4243.0440.2537.8334.4832.8531.87
Shareholders' funds (net worth)46.7344.3541.5639.1435.7934.1633.18
Secured loans22.9319.4119.0718.0913.1812.7514.09
Unsecured loans8.487.447.436.845.985.996.28
Total debt31.4126.8526.5024.9319.1618.7420.37
Total liabilities79.0272.0668.8364.8255.6153.4854.38
Assets
Gross block85.0073.6367.4367.1359.7260.0056.58
Net block49.0039.5034.9836.3330.2931.7729.64
Capital work in progress0.000.002.640.000.120.000.00
Investments0.000.000.000.000.000.000.00
Inventories22.4322.9322.8622.2416.5413.3613.48
Sundry debtors23.9526.9424.8828.5624.6024.4322.73
Cash & bank balances2.110.951.421.060.140.230.26
Loans & advances1.222.031.401.500.900.971.65
Total current assets49.7152.8550.5653.3642.1838.9938.12
Total current liabilities14.8115.6016.4421.3615.3414.3011.01
Net working capital34.9037.2534.1232.0026.8424.6927.11
Total assets79.0272.0668.8364.8255.6153.4854.38
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.831.310.960.140.140.260.28
Net cash from operating activities10.725.774.304.491.216.712.53
Net cash from investing activities(11.93)(4.06)(2.98)(7.50)(0.08)(3.47)(2.43)
Net cash from financing activities2.36(2.18)(0.96)3.83(1.14)(3.36)(0.11)
Net change in cash1.15(0.48)0.350.820.00(0.12)(0.01)
Closing cash2.110.951.421.060.140.230.26
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-0.5%-5.3%-15.8%+45.9%+46.3%-15.7%-
EBITDA growth-15.1%+16.4%+2.6%+45.4%+37.2%-26.6%-
PBT growth-18.2%+15.9%-27.7%+126.4%+171.8%-59.2%-73.9%
Net income growth-14.5%+23.1%-26.9%+103.6%+147.8%-61.9%-
Revenue CAGR (3Y)-7.4%+5.2%+21.6%+21.6%+1.5%-4.0%+6.4%
EBITDA CAGR (3Y)+0.5%+20.2%+26.9%+13.5%-20.8%-16.3%-5.8%
Profitability & leverage
Net income margin+1.3%+1.6%+1.3%+1.5%+1.1%+0.6%+1.4%
Return on capital employed+8.0%+9.4%+9.1%+11.8%+7.0%+4.5%+7.8%
Return on net worth+5.8%+6.7%+6.2%+9.2%+4.8%+2.0%+5.7%
Debt / equity0.650.630.650.600.550.590.60
Long-term debt / equity0.170.150.170.160.150.120.13
Interest cover47.8643.2950.8944.5152.7384.1066.46
Efficiency & per share
Fixed asset turnover2.282.572.853.592.611.832.29
Inventory turnover7.917.878.4411.6610.377.898.61
Debtors turnover7.056.967.128.516.324.495.58
EPS (₹)18.1121.6218.9025.9012.555.0013.79
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)353.76335.48314.16295.62270.04257.54250.04

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

Board of directors of Sangal Papers Limited

Sangal Papers has 6 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Tanmay SangalDirector30 Nov 200322 Years 11 MonthsCurrent
Amit SangalWhole-Time Director27 Sep 199630 Years 1 MonthsCurrent
Himanshu SangalManaging Director25 Nov 198045 Years 11 MonthsCurrent
Vinayak SangalDirector01 Mar 201412 Years 7 MonthsCurrent
Vartika MalikDirector27 May 20233 Years 5 MonthsCurrent
Sapan SodhiDirector27 May 20233 Years 5 MonthsCurrent

Peer comparison

Sangal Papers Limited is compared with the 9 companies closest to it by revenue in the Manufacturing industry (Paper), 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
Aroma Craft and Tissues Private Limited₹185.36 Cr (FY 2025)24.0%Roorkee, Uttarakhand, India
Chandpur Enterprises Limited₹184.04 Cr (FY 2025)-13.0%Chandpur, Uttar Pradesh, India
Aten Paper Mill Limited₹182.62 Cr (FY 2025)51.0%Ahmedabad, Gujarat, India
Swaraj Pulp and Papers Private Limited₹182.35 Cr (FY 2025)27.0%Vadodara, Gujarat, India
Param Kraft Paper Private Limited₹180.2 Cr (FY 2025)39.0%Palanpur, Gujarat, India
Urvashi Pulp and Paper Mills Private Limited₹179.74 Cr (FY 2025)13.0%Bharuch, Gujarat, India
Kaygaon Paper Mills Private Limited₹179.64 Cr (FY 2025)46.0%Aurangabad, Maharashtra, India
Sangal Papers Limitedthis company₹179.34 Cr (FY 2026)₹2.6 Cr1.4%-0.5%244Uttar Pradesh, India
Shree Venketesh Paper Mills Private Limited₹179.3 Cr (FY 2025)4.0%Meerut, Uttar Pradesh, India
Indo Afrique Paper Mills Private Limited₹178.9 Cr (FY 2024)-7.0%Pune, Maharashtra, India

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

Auditor

Sangal Papers Limited is audited by Raj Viyom & co. for the financial year 2024.

Auditor firmFinancial yearFirm registration number
Raj Viyom & co.FY 2024002011C

Shareholding

Shareholding for the quarter ended Mar 2026: promoters hold 39.50%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 60.50%.

Promoters: 39.50%Retail & Others: 60.50%
Mar 2026
QUARTER
39.50% Promoters
60.50% Retail & Others
Promoter holding - history
Now 39.50% · Mar 2026High 39.50% · Jun 2025Low 39.50% · Jun 2025
38%38.8%39.5%40.3%41%Jun 2025Sep 2025Dec 2025Mar 2026Jun 2025: 39.50%Sep 2025: 39.50%Dec 2025: 39.50%Mar 2026: 39.50%39.50%39.50%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025
Promoters39.50%39.50%39.50%39.50%
Public60.50%60.50%60.50%60.50%

Charges & borrowings

Open charges
₹36.18 Cr
Satisfied charges
₹92.59 Cr
Breakdown by lending institutions
Axis Bank Limited₹33.88 Cr
Others₹2.30 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
10 Nov 2025101199365Others₹1 CrOpen
30 Oct 2024101008489Others₹50 LakhOpen
11 Apr 2024100902050Others₹80 LakhOpen
31 Oct 2022100648564Axis Bank Limited₹33.88 CrOpen
25 Feb 2022100554529Others₹28 LakhSatisfied

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

Total charge records: 31 View all charges

Deals & funding

Sangal Papers Limited has 10 deals on record (10 market trades); the latest was in September 2025.

Total deals
10
Market trades
10

Deals on record (5 of 10)

WhenDealAmountParties
Sep 2025Market trade₹25.9 LakhBuyer: an individual
Seller: an individual
Oct 2024Market trade₹27.1 LakhBuyer: an individual
Sep 2022Market trade₹36 LakhBuyer: an individual
Seller: Multiplier Share and Stock Advisors Private Limited
Sep 2022Market trade₹42 LakhBuyer: Multiplier Share and Stock Advisors Private Limited
Seller: an individual
Feb 2013Market trade₹3.6 LakhBuyer: an individual
Seller: VSG Share Services Private Limited

To see the full deal history of Sangal Papers 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

Sangal Papers Limited was last rated by Brickwork on 28 Feb 2022.

Rating agencyRated onRating
Brickwork28 Feb 2022

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

MSME payment delays

Sangal Papers Limited has 11 MSME Form 1 returns on record between 2019 and 2023, listing 177 overdue payments to 37 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 37)

SupplierAmount dueDue sinceReported on
Modern Alkali & Chem Private Limited
Elixa Technologies Private Limited
an individual supplier
an individual supplier
an individual supplier

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

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Sangal Papers Limited has a workforce of 244 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.

Employee count
244
Active EPFO establishments
1
Employee growth
-0.81%

GST

Sangal Papers has 3 GST registrations: 1 active and 2 cancelled or inactive.

Total GSTINs
3
Active
1
Cancelled / inactive
2
GSTINStateStatusRegistered on
09AACCS4253J2Z5Uttar PradeshActive01 Jul 2017

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

Recent activity

Sangal Papers Limited has 10 board changes on record since 1980: 8 appointments and 2 cessations. The latest: Geeta Gupta ceased to be Director on 24 Aug 2023.

Filing
Sangal Papers Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Uttar Pradesh Ii.
Charges
A charge with Others amounted to Rs. 1.00 Cr with Charge ID 101199365 was registered on 10 Nov 2025.
AGM
Sangal Papers Limited last Annual general meeting of members was held on 26 Sep 2025 as per latest MCA records.
Charges
A charge with Axis Bank Limited of Rs. 33.88 Cr registered on 31 Oct 2022 with Charge ID 100648564 was modified on 07 Aug 2025.
Charges
A charge with Others amounted to Rs. 0.50 Cr with Charge ID 101008489 was registered on 30 Oct 2024.
Charges
A charge registered on 25 Feb 2022 via Charge ID 100554529 with Others was fully satisfied on 07 Oct 2024.
Charges
A charge with Others amounted to Rs. 0.80 Cr with Charge ID 100902050 was registered on 11 Apr 2024.
Ceased
Geeta Gupta ceased to be Director.
Ceased
Prem Sethi ceased to be Director.
Appointed
Sapan Sodhi was appointed as Director.
Appointed
Vartika Malik was appointed as Director.
Charges
A charge registered on 01 Sep 2020 via Charge ID 100376421 with State Bank Of India was fully satisfied on 29 Mar 2023.

65 earlier events are in the company report.

Frequently asked questions

Sangal Papers is an active public limited company based in Uttar Pradesh, India. The company works in paper and packaging products, within the manufacturing industry. It was incorporated on 25 November 1980 (46+ years old) and is registered under CIN L21015UP1980PLC005138. Listed on BSE: 516096.

Sangal Papers reported revenue of ₹179.34 Cr for FY 2025-26 (down 0.5% YoY) based on standalone financials.

Sangal Papers has 6 current directors:

The latest financial statements of Sangal Papers 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 Sangal Papers is 09AACCS4253J2Z5, registered in Uttar Pradesh. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.

The CIN (Corporate Identification Number) of Sangal Papers is L21015UP1980PLC005138. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Sangal Papers is a listed company as per MCA records. Its shares are listed on BSE (code: 516096).

Sangal Papers has 49 court cases on record: 35 filed by the company and 14 filed against it. 12 are pending. Most are in the district courts.

Sangal Papers was incorporated on 25 November 1980, making it 46+ years old. It is registered with the Registrar of Companies, Uttar Pradesh.

Sangal Papers has 10 deals on record (10 market trades); the latest was in September 2025.

The peers of Sangal Papers by revenue are Aroma Craft and Tissues Private Limited, Chandpur Enterprises Limited, Aten Paper Mill Limited, Swaraj Pulp and Papers Private Limited, Param Kraft Paper Private Limited and 4 more, all in the Manufacturing industry (Paper), with the same principal business activity (wood and wood products, furniture, paper and paper products).

Geeta Gupta ceased to be Director on 24 Aug 2023. Prem Sethi ceased to be Director on 24 Aug 2023. Sapan Sodhi was appointed as Director on 27 May 2023. Sangal Papers has 10 board changes on record in total.