Saffron Industries Limited - manufacturing in Nagpur, Maharashtra, India. FY 2026 financials & compliance.
CIN L21010MH1993PLC071683 Incorporated 20 April 1993 ROC Nagpur HQ Nagpur, Maharashtra, India
Active Listed - BSE: 531436 Public Limited Company manufacturing MSME · Small
Data last updated
Market Cap
₹16.53 Cr
SAFFRON · BSE
Share Price
₹23.00
0.00% today
Revenue
₹6.86 Cr
FY 2025-26 · +8.5% YoY
EBITDA
₹3.71 Cr
Margin 54.1%
Net Profit
₹1.57 Cr
FY 2025-26 · -44.1% YoY
P/E (TTM)
10.3x
P/B -
Authorised capital
₹78 Cr
Registered with MCA
Paid-up capital
₹7.19 Cr
Issued & subscribed

About Saffron Industries Limited

Data last updated:

Saffron Industries Limited is a public limited company based in Nagpur, Maharashtra, India. It operates in the paper and packaging products segment of the manufacturing sector. It was incorporated on 20 April 1993 and has been in existence for over 33 years.

The company is registered with the Registrar of Companies (ROC), Nagpur, under CIN L21010MH1993PLC071683. Its GSTIN is 27AABCM3580B1ZS (Maharashtra). Its shares are listed on BSE: 531436.

The company has an authorised share capital of ₹78 Cr and a paid-up capital of ₹7.19 Cr. It was formerly known as Madhyadesh Papers Limited. It is led by directors including Manoj Rameshwar Sinha (Whole-Time Director) and Thomas George David.

Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Nava – Bharat Bhawan Chatrapati Square Wardha Road, Nagpur, Maharashtra, India – 440015.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹6.86 Cr, a growth of 8.5% compared to the previous year. For the same year it recorded a net profit of ₹1.57 Cr (net margin 22.9%) and EBITDA of ₹3.71 Cr (EBITDA margin 54.1%).

The company is associated with 1 brand: Saffron Industries. As per MCA filings, the company has satisfied charges of ₹42.78 Cr on record. Court records list 48 cases involving the company, including 20 filed by the company and 28 filed against it; 6 cases are pending. The company has 11 deals on record (11 market trades); the latest was in December 2025. Its 4 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, 3 larger and 1 smaller; the largest is Speciality Print O Pack Private Limited with revenue of ₹6.46 Cr.

Saffron Industries Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-20-0005053). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website saffronindustries.in.

Company details

CIN L21010MH1993PLC071683
Registration Number 071683
Incorporation Date 20 April 1993
ROC Nagpur
Listing Status Listed (BSE: 531436)
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-20-0005053

CIN history

Saffron Industries has one previous CIN (Corporate Identification Number): L21010MH1993PTC071683. The current CIN is L21010MH1993PLC071683, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L21010MH1993PLC071683Current
L21010MH1993PTC071683Previous

Recognitions & Rankings of Saffron Industries

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-MH-20-0005053

Contact details

Saffron Industries Limited's registered office is in Nagpur, Maharashtra. Its website is saffronindustries.in. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Social Media
  • Registered Address
    Nava – Bharat Bhawan Chatrapati Square Wardha Road, Nagpur, Maharashtra, India – 440015
  • Industry
    Manufacturing, Paper & Packaging Products

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

Comprehensive company report
Saffron 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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Brands

Saffron Industries operates one associated brand: Saffron Industries. Each brand links to its own profile.

BrandDescriptionWebsite
Manufacturer & exporter of paper productssaffronindustries.in

Business activity

The main business activities of Saffron Industries are manufacturing and real estate. In detail, this covers wood and wood products, furniture, paper and paper products and real estate activities with own or leased property. 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
LReal EstateL1Real estate activities with own or leased property

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

Financials of Saffron Industries Limited

FY 2025-26 filings available

Saffron Industries Limited reported revenue of ₹6.86 Cr (up 8.5% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹6.86 Cr
+8.5% YoY
EBITDA
₹3.71 Cr
-22.5% YoY
Profit After Tax
₹1.57 Cr
-44.1% YoY
Net Worth
−₹8.19 Cr
+16.1% YoY
Total Assets
−₹6.24 Cr
-400.0% YoY
Total Debt
₹1.96 Cr
-83.4% 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
Revenue6.866.3216.2017.0217.8517.248.83
Revenue growth+8.5%-61.0%-4.8%-4.7%+3.5%+95.2%-
EBITDA3.714.790.020.40(0.17)(0.80)0.58
EBITDA margin+54.1%+75.8%+0.1%+2.4%-1.0%-4.6%+6.6%
Profit before tax1.492.81(1.89)(1.51)(1.78)(1.90)(0.35)
Net profit1.572.81(1.89)(1.51)(1.78)(1.90)(0.35)
Net profit margin+22.9%+44.5%-11.7%-8.9%-10.0%-11.0%-4.0%
EPS (₹)2.193.91(2.63)(2.09)(2.47)(2.64)(0.51)
Balance sheet
Total assets(6.24)2.084.409.3210.019.9915.12
Net worth(8.19)(9.76)(12.57)(10.63)(9.13)(7.35)(5.46)
Total debt1.9611.8416.9819.9619.1417.3520.58
Cash & bank0.570.320.350.040.480.280.04
Net working capital(6.84)(1.16)(0.81)2.200.15(1.09)2.86
Cash flow
Cash from operations9.635.103.27(2.09)(1.22)3.47(0.22)
Cash from investing0.530.030.040.83(0.38)0.030.03
Cash from financing(9.89)(5.14)(2.98)0.821.79(3.23)0.00
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1.061.431.520.813.103.382.480.46
Revenue growth (YoY)-65.8%-57.7%-38.7%+76.1%----
Other income0.010.020.010.000.010.000.010.01
Total expenses0.950.940.690.271.25(0.61)1.760.33
EBITDA0.110.490.830.541.853.990.720.13
EBITDA margin+10.4%+34.3%+54.6%+66.7%+59.7%+118.0%+29.0%+28.3%
Depreciation0.000.000.000.301.951.080.310.31
Interest0.000.000.000.000.000.000.000.00
Profit before tax0.120.510.840.24(0.09)2.910.42(0.17)
Tax0.000.000.000.000.000.000.000.00

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 22 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1.061.431.520.813.103.382.480.46
Revenue growth (YoY)-65.8%-57.7%-38.7%+76.1%----
Other income0.010.020.010.000.010.000.010.01
Total expenses0.950.940.690.271.25(0.61)1.760.33
EBITDA0.110.490.830.541.853.990.720.13
EBITDA margin+10.4%+34.3%+54.6%+66.7%+59.7%+118.0%+29.0%+28.3%
Depreciation0.000.000.000.301.951.080.310.31
Interest0.000.000.000.000.000.000.000.00
Profit before tax0.120.510.840.24(0.09)2.910.42(0.17)
Tax0.000.000.000.000.000.000.000.00
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue6.866.3216.2017.0217.8517.248.83
Revenue growth+8.5%-61.0%-4.8%-4.7%+3.5%+95.2%-
Other income0.030.030.040.020.020.110.27
Total expenses3.151.5316.1816.6218.0218.048.25
Employee cost0.000.760.340.470.410.500.31
EBITDA3.714.790.020.40(0.17)(0.80)0.58
EBITDA margin+54.1%+75.8%+0.1%+2.4%-1.0%-4.6%+6.6%
Depreciation2.252.001.941.931.621.201.19
Interest0.000.010.010.000.010.010.01
Profit before tax1.492.81(1.89)(1.51)(1.78)(1.90)(0.35)
Tax(0.08)0.000.000.000.000.000.00
Net profit1.572.81(1.89)(1.51)(1.78)(1.90)(0.35)
Net profit margin+22.9%+44.5%-11.7%-8.9%-10.0%-11.0%-4.0%
EPS (₹)2.193.91(2.63)(2.09)(2.47)(2.64)(0.51)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital7.197.197.197.197.197.197.19
Reserves & surplus(15.38)(16.95)(19.76)(17.82)(16.32)(14.54)(12.65)
Shareholders' funds (net worth)(8.19)(9.76)(12.57)(10.63)(9.13)(7.35)(5.46)
Secured loans0.000.000.000.000.000.000.00
Unsecured loans1.9611.8416.9819.9619.1417.3520.58
Total debt1.9611.8416.9819.9619.1417.3520.58
Total liabilities(6.24)2.084.409.3210.019.9915.12
Assets
Gross block44.0044.5044.5044.5045.3044.9044.90
Net block0.002.764.756.709.4210.6411.84
Capital work in progress0.000.000.000.000.000.000.00
Investments0.000.000.000.000.000.000.00
Inventories7.056.974.862.720.010.150.17
Sundry debtors1.740.090.000.000.000.004.61
Cash & bank balances0.570.320.350.040.480.280.04
Loans & advances2.011.910.420.460.570.560.40
Total current assets11.379.295.633.221.060.995.22
Total current liabilities18.2110.456.441.020.912.082.36
Net working capital(6.84)(1.16)(0.81)2.200.15(1.09)2.86
Total assets(6.24)2.084.409.3210.019.9915.12
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.790.800.470.910.710.450.65
Net cash from operating activities9.635.103.27(2.09)(1.22)3.47(0.22)
Net cash from investing activities0.530.030.040.83(0.38)0.030.03
Net cash from financing activities(9.89)(5.14)(2.98)0.821.79(3.23)0.00
Net change in cash0.28(0.01)0.33(0.44)0.190.27(0.20)
Closing cash0.570.320.350.040.480.280.04
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+8.5%-61.0%-4.8%-4.7%+3.5%+95.2%-
EBITDA growth-22.6%--95.0%+335.3%+78.8%-237.9%-
PBT growth-47.0%+9998.0%-25.2%+15.2%+6.3%-442.9%-
Net income growth-44.1%+248.7%-25.2%+15.2%+6.3%-442.9%-
Revenue CAGR (3Y)-26.1%-29.3%-2.1%+24.5%+2.4%+45.2%-35.5%
EBITDA CAGR (3Y)+110.1%---11.7%-+19.4%-21.5%
Profitability & leverage
Net income margin+22.9%+44.5%-11.7%-8.9%-10.0%-11.0%-4.0%
Return on capital employed-+21.7%0.0%0.0%0.0%0.0%0.0%
Return on net worth--197.2%0.0%0.0%0.0%0.0%0.0%
Debt / equity-0.000.000.000.000.000.00
Long-term debt / equity-0.000.000.000.000.000.00
Interest cover0.000.36-0.520.00-0.56-0.50-1.64
Efficiency & per share
Fixed asset turnover-0.140.360.380.400.380.20
Inventory turnover-1.074.2712.47223.13107.7588.30
Debtors turnover-140.440.000.000.007.481.89
EPS (₹)2.193.91(2.63)(2.09)(2.47)(2.64)(0.51)
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)0.00(13.59)(17.50)(14.81)(12.71)(10.24)(7.60)

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

Board of directors of Saffron Industries Limited

Saffron Industries has 4 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Manoj Rameshwar SinhaWhole-Time Director12 Jul 201610 Years 3 MonthsCurrent
Thomas George DavidDirector10 Dec 20214 Years 10 MonthsCurrent
Shriranga Vinod MaheshwariDirector29 Mar 20224 Years 6 MonthsCurrent
Shekhar Madhav ChandleDirector29 Mar 20224 Years 6 MonthsCurrent

Peer comparison

Saffron Industries Limited is compared with the 4 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
Saffron Industries Limitedthis company₹6.86 Cr (FY 2026)₹1.57 Cr22.9%8.5%Nagpur, Maharashtra, India
Speciality Print O Pack Private Limited₹6.46 Cr (FY 2020)-18.0%Delhi, India
Asr Paper Industries Limited₹6.37 Cr (FY 2021)-51.0%Chennai, Tamil Nadu, India
Super Deluxe Paper Mills Private Limited₹6.36 Cr (FY 2025)-90.0%Bulsar, Gujarat, India
Pranesh Packaging Private Limited₹6.29 Cr (FY 2025)5.0%Vapi, Gujarat, India

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

Auditor

Saffron Industries Limited is audited by Utsav Sumit & Associates for the financial year 2023.

Auditor firmFinancial yearFirm registration number
Utsav Sumit & AssociatesFY 2023016514C

Shareholding

Shareholding for the quarter ended Mar 2026: promoters hold 60.50%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.10% and retail and other public shareholders hold 39.40%.

Promoters: 60.50%DII (Domestic Institutional): 0.10%Retail & Others: 39.40%
Mar 2026
QUARTER
60.50% Promoters
0.10% DII (Domestic Institutional)
39.40% Retail & Others
Promoter holding - history
Now 60.50% · Mar 2026High 60.50% · Jun 2025Low 60.50% · Jun 2025
59%59.8%60.5%61.3%62%Jun 2025Sep 2025Dec 2025Mar 2026Jun 2025: 60.50%Sep 2025: 60.50%Dec 2025: 60.50%Mar 2026: 60.50%60.50%60.50%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025
Promoters60.50%60.50%60.50%60.50%
Public39.50%39.50%39.50%39.50%

Charges & borrowings

Open charges
None
Satisfied charges
₹42.78 Cr
Breakdown by lending institutions
State Bank of India₹17.50 Cr
Asrec (India) Limited₹14.10 Cr
Ifci Ltd₹4.50 Cr
The Indl.Finance Corp.Of India Ltd.₹4.00 Cr
Oriental Bank of Commerce₹1.20 Cr
Others₹1.48 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
27 Feb 200810092838Asrec (India) Limited₹3.8 CrSatisfied
11 Feb 200290166740Centurion Bank Ltd.₹5.6 LakhSatisfied
31 May 200190166716Centurion Bank Ltd.₹22.75 LakhSatisfied
24 Oct 200090167113Asrec (India) Limited₹5.8 CrSatisfied
11 May 200090166668State Bank of India₹17.5 CrSatisfied

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

Total charge records: 10 View all charges

Deals & funding

Saffron Industries Limited has 11 deals on record (11 market trades); the latest was in December 2025.

Total deals
11
Market trades
11

Deals on record (5 of 11)

WhenDealAmountParties
Dec 2025Market trade₹26.3 LakhSeller: an individual
Dec 2025Market trade₹22.4 LakhBuyer: an individual
Seller: an individual
Jul 2025Market trade₹12.3 LakhBuyer: an individual
Jul 2015Market trade₹5.7 LakhBuyer: an individual
Feb 2007Market trade₹19.1 LakhBuyer: Tijarat Impex Private Limited

To see the full deal history of Saffron Industries Limited, buy the company report.

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

MSME payment delays

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

GST

Saffron Industries has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
27AABCM3580B1ZSMaharashtraActive01 Jul 2017

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

Recent activity

Saffron Industries Limited has 25 board changes on record since 1993: 15 appointments and 10 cessations. The latest: Nimish Vinod Maheshwari ceased to be Additional Director on 28 Aug 2024.

AGM
Saffron Industries Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Saffron Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Nagpur.
Ceased
Nimish Vinod Maheshwari ceased to be Additional Director.
Ceased
Vinod Ramgopal Maheshwari ceased to be Director.
Appointed
Anil Bajpai was appointed as CFO.
Appointed
Shekhar Madhav Chandle was appointed as Director.
Appointed
Shriranga Vinod Maheshwari was appointed as Director.
Appointed
Thomas George David was appointed as Director.
Ceased
Achalla Pandurang Srinivas ceased to be Director.
Ceased
Shrikant Chandrashekhar Rikhe ceased to be Company Secretary.
Ceased
Manjulika Bajpai ceased to be Director.
Appointed
Shrikant Chandrashekhar Rikhe was appointed as Company Secretary.

43 earlier events are in the company report.

Frequently asked questions

Saffron Industries is an active public limited company based in Nagpur, Maharashtra, India. The company works in paper and packaging products, within the manufacturing industry. It was incorporated on 20 April 1993 (33+ years old) and is registered under CIN L21010MH1993PLC071683. Listed on BSE: 531436.

Saffron Industries reported revenue of ₹6.86 Cr for FY 2025-26 (up 8.5% YoY) based on standalone financials.

Saffron Industries has 4 current directors:

The latest financial statements of Saffron Industries on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Saffron Industries is 27AABCM3580B1ZS, registered in Maharashtra.

The CIN (Corporate Identification Number) of Saffron Industries is L21010MH1993PLC071683. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Saffron Industries is listed on BSE with code 531436.

Saffron Industries has 48 court cases on record: 20 filed by the company and 28 filed against it. 6 are pending. Most are in the district courts.

Saffron Industries was incorporated on 20 April 1993, making it 33+ years old. It is registered with the Registrar of Companies, Nagpur.

Saffron Industries has 11 deals on record (11 market trades); the latest was in December 2025.

The peers of Saffron Industries by revenue are Speciality Print O Pack Private Limited, Asr Paper Industries Limited, Super Deluxe Paper Mills Private Limited, Pranesh Packaging Private Limited, all in the Manufacturing industry (Paper), with the same principal business activity (wood and wood products, furniture, paper and paper products).