Nath Industries Limited - manufacturing in Aurangabad, Maharashtra, India. FY 2026 financials & compliance.
CIN L21010MH1980PLC022820 Incorporated 09 July 1980 ROC Mumbai HQ Aurangabad, Maharashtra, India
Active Listed - BSE: 502587 Public Limited Company manufacturing
Data last updated
Market Cap
₹98.44 Cr
NATHIND · BSE
Share Price
₹51.50
-0.60% today
Revenue
₹491 Cr
FY 2025-26 · +15.6% YoY
EBITDA
₹25.35 Cr
Margin 5.2%
Net Profit
₹6.69 Cr
FY 2025-26 · -22.1% YoY
P/E (TTM)
13.6x
P/B 0.4x
ROE
2.6%
ROCE 5.2%
Debt / Equity
0.48
Interest cover 67.7x

About Nath Industries Limited

Data last updated:

Nath Industries Limited is a public limited company based in Aurangabad, Maharashtra, India. It operates in the paper and packaging products segment of the manufacturing sector. It was incorporated on 09 July 1980 and has been in existence for over 46 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L21010MH1980PLC022820. Its GSTIN is 27AAACR7243K1Z5 (Maharashtra). The company holds 5 GST registrations, all of them active. It is a listed company as per MCA records. Its shares are listed on BSE: 502587.

The company has an authorised share capital of ₹53.5 Cr and a paid-up capital of ₹19 Cr. It was formerly known as Rama Pulp and Papers Limited. It is led by directors including Akash Nandkishor Kagliwal (Managing Director) and Nupur Lodwal.

Its last annual general meeting (AGM) was held on 19 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Nath House Nath Road, Aurangabad, Maharashtra, India – 431005.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹490.69 Cr, a growth of 15.6% compared to the previous year. For the same year it recorded a net profit of ₹6.69 Cr (net margin 1.4%) and EBITDA of ₹25.35 Cr (EBITDA margin 5.2%). The net worth stands at ₹259.72 Cr (up 2.4% YoY). Total assets are valued at ₹391.09 Cr (up 1.3% YoY).

The company has about 313 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹205.83 Cr and satisfied charges of ₹130.47 Cr on record. Court records list 58 cases involving the company, including 25 filed by the company and 33 filed against it; 11 cases are pending. The company has 164 deals on record (160 market trades, 4 funding rounds), with disclosed funding of ₹19.1 Cr; the latest was in March 2026. Its 7 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, 2 larger and 5 smaller; the largest is Devpriya Industries Private Limited with revenue of ₹450.28 Cr.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nathindustries.com.

Company details

CIN L21010MH1980PLC022820
Registration Number 022820
Incorporation Date 09 July 1980
ROC Mumbai
Listing Status Listed - Listed on BSE (502587)
Company Status Active
Date of Last AGM 19 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant

Name history

Nath Industries has undergone 3 name changes throughout its history. The company was previously known as Rama Pulp And Papers Limited, Nath Industries Limited, and Nath Udyog Limited. The current legal name is Nath Industries Limited.

Company NameStatus
Nath Industries LimitedCurrent
Rama Pulp And Papers LimitedPrevious
Nath Udyog LimitedPrevious

CIN history

Nath Industries has one previous CIN (Corporate Identification Number): U21010MH1980PTC022820. The current CIN is L21010MH1980PLC022820, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L21010MH1980PLC022820Current
U21010MH1980PTC022820Previous

Contact details

Nath Industries Limited's registered office is in Aurangabad, Maharashtra. Its website is nathindustries.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Registered Address
    Nath House Nath Road, Aurangabad, Maharashtra, India – 431005
  • Industry
    Manufacturing, Paper & Packaging Products

To see the full contact details of Nath Industries Limited, buy the company report.

Comprehensive company report
Nath Industries 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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Business activity

The main business activity of Nath Industries is manufacturing. In detail, this covers wood and wood products, furniture, paper and paper products and chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products. 2 activity segments are registered with the MCA.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC3Wood and wood products, furniture, paper and paper products
CManufacturingC6Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products

To see the full business activity and turnover split of Nath Industries Limited, buy the company report.

Financials of Nath Industries Limited

FY 2025-26 filings available

Nath Industries Limited reported revenue of ₹490.69 Cr (up 15.6% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹491 Cr
+15.6% YoY
EBITDA
₹25.35 Cr
-20.8% YoY
Profit After Tax
₹6.69 Cr
-22.1% YoY
Net Worth
₹260 Cr
+2.4% YoY
Total Assets
₹391 Cr
+1.3% YoY
Total Debt
₹123 Cr
-0.8% 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
Revenue491424321408421292299
Revenue growth+15.6%+32.3%-21.4%-3.0%+44.3%-2.4%-
EBITDA25.3531.9912.986.7925.4429.7427.64
EBITDA margin+5.2%+7.5%+4.0%+1.7%+6.1%+10.2%+9.3%
Profit before tax9.3512.980.750.2316.2921.6318.74
Net profit6.698.590.482.6516.5814.4517.73
Net profit margin+1.4%+2.0%+0.2%+0.7%+3.9%+5.0%+5.9%
EPS (₹)3.515.120.261.418.768.029.59
Balance sheet
Total assets391386390369326284285
Net worth260254245243244230213
Total debt12312413612075.7050.0965.75
Cash & bank8.560.136.280.140.652.602.50
Net working capital10093.6087.7188.6680.1063.2756.74
Cash flow
Cash from operations29.4213.9530.0213.2810.2918.0317.13
Cash from investing(9.45)3.91(30.22)(53.55)(33.41)1.45(2.48)
Cash from financing(11.53)(24.02)6.3439.7621.18(19.37)(12.19)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue16013011712711712611496.31
Revenue growth (YoY)+36.8%+2.8%+2.0%+31.9%+33.8%---
Other income0.061.452.732.680.993.922.151.32
Total expenses15112611412010911810691.48
EBITDA9.423.522.916.748.198.258.424.83
EBITDA margin+5.9%+2.7%+2.5%+5.3%+7.0%+6.5%+7.4%+5.0%
Depreciation2.432.002.452.442.442.442.332.52
Interest2.492.382.632.572.952.733.233.04
Profit before tax4.560.590.564.413.797.005.010.59
Tax0.712.650.000.020.003.240.000.00

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 29 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue16013011712711712611496.31
Revenue growth (YoY)+36.8%+2.8%+2.0%+31.9%+33.8%---
Other income0.061.452.732.680.993.922.151.32
Total expenses15112611412010911810691.48
EBITDA9.423.522.916.748.198.258.424.83
EBITDA margin+5.9%+2.7%+2.5%+5.3%+7.0%+6.5%+7.4%+5.0%
Depreciation2.432.002.452.442.442.442.332.52
Interest2.492.382.632.572.952.733.233.04
Profit before tax4.560.590.564.413.797.005.010.59
Tax0.712.650.000.020.003.240.000.00
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue491424321408421292299
Revenue growth+15.6%+32.3%-21.4%-3.0%+44.3%-2.4%-
Other income4.183.004.275.922.411.691.87
Total expenses465392308401395262271
Employee cost22.5521.5721.9720.5619.0916.8419.23
EBITDA25.3531.9912.986.7925.4429.7427.64
EBITDA margin+5.2%+7.5%+4.0%+1.7%+6.1%+10.2%+9.3%
Depreciation9.349.556.977.136.746.436.13
Interest10.8412.469.535.354.823.374.64
Profit before tax9.3512.980.750.2316.2921.6318.74
Tax2.663.240.27(2.45)(0.36)6.410.52
Net profit6.698.590.482.6516.5814.4517.73
Net profit margin+1.4%+2.0%+0.2%+0.7%+3.9%+5.0%+5.9%
EPS (₹)3.515.120.261.418.768.029.59
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital19.0019.0019.0019.0019.0019.0019.00
Reserves & surplus241235226224225211194
Shareholders' funds (net worth)260254245243244230213
Secured loans0.000.000.000.000.000.000.00
Unsecured loans12312413612075.7050.0965.75
Total debt12312413612075.7050.0965.75
Total liabilities391386390369326284285
Assets
Gross block342334333243237226222
Net block279281289205206202205
Capital work in progress1.470.370.3759.464.601.020.52
Investments6.877.769.257.5211.350.001.84
Inventories45.8938.6945.9547.4841.6134.6629.79
Sundry debtors62.3070.5249.8255.1863.4954.1745.13
Cash & bank balances8.560.136.280.140.652.602.50
Loans & advances23.7222.9423.3826.0115.3912.9314.44
Total current assets14013212512912110491.86
Total current liabilities40.4438.6837.7240.1541.0441.0935.12
Net working capital10093.6087.7188.6680.1063.2756.74
Total assets391386390369326284285
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.136.280.140.652.602.500.04
Net cash from operating activities29.4213.9530.0213.2810.2918.0317.13
Net cash from investing activities(9.45)3.91(30.22)(53.55)(33.41)1.45(2.48)
Net cash from financing activities(11.53)(24.02)6.3439.7621.18(19.37)(12.19)
Net change in cash8.44(6.15)6.14(0.51)(1.94)0.102.46
Closing cash8.560.136.280.140.652.602.50
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+15.6%+32.3%-21.4%-3.0%+44.3%-2.4%-
EBITDA growth-20.8%+146.5%+91.2%-73.3%-14.5%+7.6%-
PBT growth-28.0%+1630.7%+226.1%-98.6%-24.7%+15.4%+331.8%
Net income growth-22.1%+1689.6%-81.9%-84.0%+14.7%-18.5%-
Revenue CAGR (3Y)+6.3%+0.3%+3.2%+11.0%+45.2%+34.4%+39.6%
EBITDA CAGR (3Y)+55.1%+7.9%-24.2%-37.4%+43.2%+65.6%+70.0%
Profitability & leverage
Net income margin+1.4%+2.3%+0.2%+0.7%+4.0%+5.2%+6.1%
Return on capital employed+5.2%+6.6%+2.7%+1.7%+6.9%+8.8%+12.1%
Return on net worth+2.6%+3.9%+0.2%+1.1%+7.0%+6.9%+12.4%
Debt / equity0.480.520.530.400.270.260.30
Long-term debt / equity0.190.240.260.230.180.170.13
Interest cover67.7155.53158.57-1,573.5325.7814.4621.57
Efficiency & per share
Fixed asset turnover1.451.271.121.701.821.302.12
Inventory turnover11.6010.036.879.1611.039.0514.72
Debtors turnover7.397.056.116.887.155.889.13
EPS (₹)3.515.120.261.418.768.029.59
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)136.70133.44129.08128.00128.61120.80112.36

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

Board of directors of Nath Industries Limited

Nath Industries has 6 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Akash Nandkishor KagliwalManaging Director14 Nov 20223 Years 11 MonthsCurrent
Madhukar Dhondiraj DeshpandeAdditional Director30 May 20224 Years 4 MonthsCurrent
Nupur LodwalDirector31 Aug 20233 Years 1 MonthsCurrent
Kashinath Ganapaty IyerDirector21 Mar 20206 Years 7 MonthsCurrent
Abhaykumar Hukamchand JainDirector10 Aug 20188 Years 2 MonthsCurrent
Hitesh Rajnikant PurohitAdditional Director31 Mar 20224 Years 6 MonthsCurrent

Peer comparison

Nath Industries Limited is compared with the 7 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
Nath Industries Limitedthis company₹490.69 Cr (FY 2026)₹6.69 Cr1.4%15.6%313Aurangabad, Maharashtra, India
Devpriya Industries Private Limited₹450.28 Cr (FY 2025)10.0%New Delhi, Delhi, India
Sainsons Paper Industries Private Limited₹439.51 Cr (FY 2025)18.0%Kurukshetra, Haryana, India
Pakka Limited₹420.73 Cr (FY 2025)2.0%Birhana Road, Uttar Pradesh, India
Shri Hari Krishna Papers Private Limited₹416.33 Cr (FY 2025)-5.0%Udumalpet, Tamil Nadu, India
Sri Andal Paper Mills Private Limited₹405.34 Cr (FY 2025)65.0%Erode, Tamil Nadu, India
Janki Newsprint Private Limited₹404.35 Cr (FY 2025)22.0%Delhi, India
Silvertoan Papers Limited₹400.25 Cr (FY 2025)21.0%Delhi, India

To see the full peer comparison of Nath Industries Limited, buy the company report.

Auditor

Nath Industries Limited is audited by Vidya & Co for the financial year 2023.

Auditor firmFinancial yearFirm registration number
Vidya & CoFY 2023308022E

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 73.70%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.20% and retail and other public shareholders hold 26.10%.

Promoters: 73.70%DII (Domestic Institutional): 0.20%Retail & Others: 26.10%
Sep 2026
QUARTER
73.70% Promoters
0.20% DII (Domestic Institutional)
26.10% Retail & Others
Promoter holding - history
Now 73.70% · Sep 2026High 73.70% · Dec 2025Low 73.70% · Dec 2025
72%72.8%73.5%74.3%75%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 73.70%Mar 2026: 73.70%Jun 2026: 73.70%Sep 2026: 73.70%73.70%73.70%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters73.70%73.70%73.70%73.70%
Public26.30%26.30%26.30%26.30%

Charges & borrowings

Open charges
₹205.83 Cr
Satisfied charges
₹130.47 Cr
Breakdown by lending institutions
State Bank of India₹115.58 Cr
Axis Bank Limited₹25.02 Cr
The Icici Ltd₹18.51 Cr
Industrial Finance Corporation of India Limited (Ifci Limited)₹17.85 Cr
Others₹10.82 Cr
Others₹18.06 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
29 Apr 2026101297085Axis Bank Limited₹27 LakhOpen
01 Apr 2026101282496Others₹10 CrOpen
12 Feb 2026101247717Axis Bank Limited₹24.75 CrOpen
19 Jun 2025101112994Others₹81.5 LakhOpen
12 Dec 2023100867399Hdfc Bank Limited₹20.65 LakhOpen

To see the full charge records of Nath Industries Limited, buy the company report.

Total charge records: 70 View all charges

Deals & funding

Nath Industries Limited has 164 deals on record (160 market trades, 4 funding rounds), with disclosed funding of ₹19.1 Cr; the latest was in March 2026.

Total deals
164
Market trades
160
Funding rounds
4
Disclosed funding
₹19.1 Cr

Deals on record (5 of 164)

WhenDealAmountParties
Nov 2018Market trade₹1.4 CrBuyer: Adesh Ventures LLP
Seller: an individual
Jan 2011Funding round₹2.25 CrInvestors: Tapovan Farms Pvt Ltd , Mayo Farms Private Limited
Jan 2011Market trade₹32.9 LakhBuyer: Stellant Capital Advisory Services Private Limited
Seller: an individual
Oct 2010Market trade₹1.51 CrBuyer: Apex Securities, Kaushik Shah Shares & Sec. Ltd, NBN Fintrade Private Limited , an individual
Seller: Kaushik Shah Shares & Sec. Ltd, NBN Fintrade Private Limited , 2 individuals
Apr 2010Market trade₹22.5 LakhSeller: NBN Fintrade Private Limited

To see the full deal history of Nath Industries 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

Nath Industries Limited was last rated by Crisil on 01 Nov 2019.

Rating agencyRated onRating
Crisil01 Nov 2019

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

MSME payment delays

No delayed payments to MSME suppliers are on our record for Nath Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

Nath Industries Limited has a workforce of 313 employees on its EPFO records as of Apr 05, 2024, across 3 active EPFO establishments.

Employee count
313
Active EPFO establishments
3
Employee growth
6.83%

GST

Nath Industries has 5 GST registrations: 5 active. The first 4 active GSTINs are listed below.

Total GSTINs
5
Active
5
GSTINStateStatusRegistered on
27AAACR7243K1Z5MaharashtraActive01 Jul 2017
27AAACR7243K2Z4MaharashtraActive24 Aug 2017
27AAACR7243K3Z3MaharashtraActive28 Feb 2022
24AAACR7243K1ZBGujaratActive01 Jul 2017

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

Recent activity

Nath Industries Limited has 20 board changes on record since 1997: 13 appointments and 7 cessations. The latest: Akhilesh Kumar Dhanprakash Sharma ceased to be Whole-Time Director on 31 Aug 2023.

Charges
A charge registered on 18 May 2021 via Charge ID 100466933 with Others was fully satisfied on 08 May 2026.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.27 Cr with Charge ID 101297085 was registered on 29 Apr 2026.
Charges
A charge with Others amounted to Rs. 10.00 Cr with Charge ID 101282496 was registered on 01 Apr 2026.
Filing
Nath Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai Ii.
Charges
A charge with Axis Bank Limited amounted to Rs. 24.75 Cr with Charge ID 101247717 was registered on 12 Feb 2026.
AGM
Nath Industries Limited last Annual general meeting of members was held on 19 Sep 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 0.82 Cr with Charge ID 101112994 was registered on 19 Jun 2025.
Charges
A charge registered on 30 Apr 2019 via Charge ID 100261216 with Others was fully satisfied on 10 Oct 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.21 Cr with Charge ID 100867399 was registered on 12 Dec 2023.
Ceased
Akhilesh Kumar Dhanprakash Sharma ceased to be Whole-Time Director.
Ceased
Jeevanlata Nandkishor Kagliwal ceased to be Director.
Appointed
Nupur Lodwal was appointed as Director.

149 earlier events are in the company report.

Frequently asked questions

Nath Industries is an active public limited company based in Aurangabad, Maharashtra, India. The company works in paper and packaging products, within the manufacturing industry. It was incorporated on 09 July 1980 (46+ years old) and is registered under CIN L21010MH1980PLC022820. Listed on BSE: 502587.

Nath Industries reported revenue of ₹490.69 Cr for FY 2025-26 (up 15.6% YoY) based on standalone financials.

Nath Industries has 6 current directors:

The latest financial statements of Nath Industries on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 19 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Nath Industries is 27AAACR7243K1Z5, registered in Maharashtra. The company has 5 GST registrations in all, of which 5 are active. Other active GSTINs include 27AAACR7243K2Z4 (Maharashtra), 27AAACR7243K3Z3 (Maharashtra), 24AAACR7243K1ZB (Gujarat).

The CIN (Corporate Identification Number) of Nath Industries is L21010MH1980PLC022820. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Nath Industries is a listed company as per MCA records. Its shares are listed on BSE (code: 502587).

Nath Industries has 58 court cases on record: 25 filed by the company and 33 filed against it. 11 are pending. Most are in the high courts.

Nath Industries was incorporated on 09 July 1980, making it 46+ years old. It is registered with the Registrar of Companies, Mumbai.

Nath Industries has 164 deals on record (160 market trades, 4 funding rounds), with disclosed funding of ₹19.1 Cr; the latest was in March 2026.

The peers of Nath Industries by revenue are Devpriya Industries Private Limited, Sainsons Paper Industries Private Limited, Pakka Limited, Shri Hari Krishna Papers Private Limited, Sri Andal Paper Mills Private Limited and 2 more, all in the Manufacturing industry (Paper), with the same principal business activity (wood and wood products, furniture, paper and paper products).