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
₹24.84 Cr
SANPA · BSE
Share Price
₹182.05
-7.99% 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)
6.1x
P/B 0.6x
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. 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 2025. 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 34 filed by the company and 11 filed against it; 12 cases are pending. The company has 10 deals on record (10 market trades); the latest was in September 2025. Its 10 peer companies in the Manufacturing industry (Paper) are compared by revenue, 5 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 of Sangal Papers Limited
CIN L21015UP1980PLC005138
Registration Number 005138
Incorporation Date 25 November 1980
ROC Uttar Pradesh
Listing Status Listed (BSE: 516096)
Company Status Active
Date of Last AGM 26 September 2025
Date of Balance Sheet 31 March 2025
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
  • Email
    Locked
  • Telephone
    Locked
  • Social Media
  • Registered Address
    Village Bhainsa 22 Km Mawana Road Meerut, Uttar Pradesh, India
  • Industry
    Manufacturing, Paper & Packaging Products
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Financials, compliance, directors, charges, ownership and filings for Sangal Papers Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Associated Brands with Sangal Papers Limited

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 of Sangal Papers Limited

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 CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
CManufacturingC3Wood and wood products, furniture, paper and paper productsLocked
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Business activity turnover details

Turnover share and past changes in activity are in the company report.

  • Turnover contribution
  • Historical classifications
  • Filing-level activity changes

Verified entity values are shown only after access is granted.

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 20 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
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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 10 MonthsCurrent
Amit SangalWhole-Time Director27 Sep 199630 Years 0 MonthsCurrent
Himanshu SangalManaging Director25 Nov 198045 Years 10 MonthsCurrent
Vinayak SangalDirector01 Mar 201412 Years 7 MonthsCurrent
Vartika MalikDirector27 May 20233 Years 4 MonthsCurrent
Sapan SodhiDirector27 May 20233 Years 4 MonthsCurrent

Peer Comparison of Sangal Papers Limited

Sangal Papers Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Paper). Net profit, margin and employee counts of each company are in the company report.

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
SRK Paper Traders Private Limited₹183.85 Cr (FY 2025)••••••••2.0%••••Delhi, 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 Limited this company₹179.34 Cr (FY 2026)••••••••-0.5%••••Uttar 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

Peers are the five companies nearest above and the five nearest below Sangal Papers by revenue in the Manufacturing industry (Paper), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.

Auditor Details of Sangal Papers Limited

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

NameStatusAppointment DateCessation Date
Raj Viyom & co.LockedLockedLocked
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Appointment and cessation dates and past auditor changes are in the company report.

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Shareholding Pattern of Sangal Papers Limited

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 of Sangal Papers Limited

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
DateLenderAmountStatus
10 Nov 2025Others₹1 CrOpen
30 Oct 2024Others₹50 LakhOpen
11 Apr 2024Others₹80 LakhOpen
31 Oct 2022Axis Bank Limited₹33.88 CrOpen
25 Feb 2022Others₹28 LakhSatisfied

Total charge records: 31 View all charges

Deals & Funding of Sangal Papers Limited

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
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Full deal history

All 10 deals with amounts, valuations, instruments and every party are in the company report.

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

MSME Payment Delays by Sangal Papers Limited

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••••••••••••
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Full MSME payment history

Every supplier, amount and due date from all 11 MSME Form 1 returns is in the company report.

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Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.

Employees and EPFO Compliance at Sangal Papers Limited

Sangal Papers Limited has a workforce of 244 employees as of Apr 02, 2024.

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

Monthly headcount, contribution history and filing status are in the company report.

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Recent Activity on Sangal Papers Limited

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.

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.
Filing
Sangal Papers Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Uttar Pradesh Ii.
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 listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Sangal Papers Limited

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Credit ratings, litigation, and regulatory alerts

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Subsidiaries & Group Companies of Sangal Papers Limited

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Corporate group structure

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GST Compliance of Sangal Papers Limited

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
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GST registrations and filing compliance

State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.

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MCA Filings & Documents of Sangal Papers Limited

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MCA filings and documents

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Frequently Asked Questions about Sangal Papers Limited

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 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 listed on BSE with code 516096.

Sangal Papers has 49 court cases on record: 34 filed by the company and 11 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, SRK Paper Traders Private Limited, Aten Paper Mill Limited, Swaraj Pulp and Papers Private Limited and 5 more, all in the Manufacturing industry (Paper).

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.

Yes, Sangal Papers is registered as a medium enterprise under Udyam registration (number: UDYAM-UP-56-0009600).

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