About Subam Papers Limited
Data last updated:
Subam Papers Limited is a public limited company based in Tirunelveli, Tamil Nadu, India. It operates in the paper segment of the packaging sector. It was incorporated on 06 October 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U21012TN2004PLC054403. Its GSTIN is 33AAICS5376E1ZA (Tamil Nadu). The company holds 2 GST registrations, of which 1 is active. It is a listed company as per MCA records. Its shares are listed on BSE: 544267.
The company has an authorised share capital of ₹32.05 Cr and a paid-up capital of ₹27.48 Cr. It is led by directors including T Balakumar (Managing Director) and Gurusamy Rathakrishna.
Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at S.F.No.143 – 146 Vaduganpatti Village Nadukallur To Tirunelveli, Tamil Nadu, India – 627010.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹584.09 Cr, a growth of 8.3% compared to the previous year. For the same year it recorded a net profit of ₹10.78 Cr (net margin 1.8%) and EBITDA of ₹44.82 Cr (EBITDA margin 7.7%). The net worth stands at ₹398.39 Cr (up 25.4% YoY). Total assets are valued at ₹583.25 Cr (up 19.3% YoY).
The company has about 212 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 1 brand: Subam Papers. As per MCA filings, the company has open charges of ₹349.78 Cr and satisfied charges of ₹310.53 Cr on record. Court records list 4 cases involving the company, including 3 filed by the company and 1 filed against it; 1 case is pending. The company has 22 deals on record (10 funding rounds, 6 market trades, 5 secondary share transfers), with disclosed funding of ₹21.49 Cr; the latest was in November 2025. Its 10 peer companies in the same principal business activity (wood and wood products, furniture, paper and paper products) are compared by revenue, 5 larger and 5 smaller; the largest is Sidharth Papers Private Limited with revenue of ₹590.5 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 subampapers.com.
Company details
CIN history
Subam Papers has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U21012TN2004PLC054403, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U21012TN2004PLC054403 | Current |
| U21012TN2004PTC054403 | Previous |
| L21012TN2004PLC054403 | Previous |
Contact details
Subam Papers Limited's registered office is in Tirunelveli, Tamil Nadu. Its website is subampapers.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressS.F.No.143 – 146 Vaduganpatti Village Nadukallur To Tirunelveli, Tamil Nadu, India – 627010
- IndustryPackaging, Paper, Laminated & Corrugated Packaging
To see the full contact details of Subam Papers Limited, buy the company report.
- 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
Brands
Subam Papers operates one associated brand: Subam Papers. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Papers, test liners, and paperboards are manufactured for packaging. | subampapers.com |
Business activity
The main business activity of Subam Papers is manufacturing. In detail, this covers wood and wood products, furniture, paper and paper products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C3 | Wood and wood products, furniture, paper and paper products |
To see the full business activity and turnover split of Subam Papers Limited, buy the company report.
Financials of Subam Papers Limited
FY 2025-26 filings availableSubam Papers Limited reported revenue of ₹584.09 Cr (up 8.3% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 584 | 539 | 494 | 508 | 329 | 268 | 244 |
| Revenue growth | +8.3% | +9.2% | -2.8% | +54.4% | +22.9% | +9.7% | - |
| EBITDA | 44.82 | 66.15 | 69.55 | 27.22 | 38.94 | 35.54 | 30.65 |
| EBITDA margin | +7.7% | +12.3% | +14.1% | +5.4% | +11.8% | +13.3% | +12.6% |
| Profit before tax | 9.52 | 36.97 | 45.17 | 3.70 | 34.28 | 28.78 | 30.42 |
| Net profit | 10.78 | 26.69 | 33.85 | (0.50) | 26.25 | 31.14 | 23.15 |
| Net profit margin | +1.9% | +5.0% | +6.9% | -0.1% | +8.0% | +11.6% | +9.5% |
| EPS (₹) | 4.44 | 11.50 | 205.31 | (1.65) | 159.75 | 138.80 | 142.10 |
| Balance sheet | |||||||
| Total assets | 583 | 489 | 384 | 330 | 323 | 152 | 143 |
| Net worth | 398 | 318 | 199 | 166 | 166 | 140 | 117 |
| Total debt | 169 | 168 | 183 | 163 | 156 | 11.52 | 25.13 |
| Cash & bank | 2.45 | 3.10 | 10.93 | 7.62 | 7.87 | 5.48 | 8.88 |
| Net working capital | 169 | 155 | 130 | 96.58 | 120 | 82.32 | 94.26 |
| Cash flow | |||||||
| Cash from operations | 37.04 | 32.18 | 42.28 | 69.25 | (3.08) | 31.59 | 20.18 |
| Cash from investing | (89.22) | (93.16) | (40.03) | (60.04) | (134) | (28.00) | (6.54) |
| Cash from financing | 51.46 | 55.11 | 1.06 | (9.46) | 140 | (6.99) | (8.69) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|
| Revenue | 171 | 141 | 146 | 153 | 147 | 135 | 135 |
| Revenue growth (YoY) | +16.3% | +4.8% | +8.1% | - | - | - | - |
| Other income | 0.64 | (1.39) | 0.59 | 1.87 | 0.61 | 2.83 | 2.83 |
| EBITDA | 12.89 | 8.72 | 8.41 | 11.39 | 12.52 | 13.37 | 13.37 |
| EBITDA margin | +7.5% | +6.2% | +5.8% | +7.4% | +8.5% | +9.9% | +9.9% |
| Depreciation | 6.53 | 6.67 | 4.29 | 4.04 | 4.48 | 4.29 | 4.29 |
| Interest | 4.17 | 3.87 | 4.54 | 5.25 | 4.32 | 5.58 | 5.58 |
| Profit before tax | 2.83 | (3.21) | 0.17 | 3.97 | 4.33 | 6.33 | 6.33 |
| Tax | 3.85 | 0.08 | 0.61 | (1.55) | 0.51 | 1.54 | 1.54 |
| Net profit | (1.02) | (3.29) | (0.44) | 5.52 | 3.82 | 4.79 | 4.79 |
| EPS (₹) | (0.14) | (1.00) | 0.06 | 2.55 | 1.99 | 1.89 | 0.00 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 490 | 448 | 448 | 445 | 318 | 268 | 244 |
| Revenue growth | +9.3% | +0.1% | +0.5% | +40.2% | +18.5% | +9.7% | - |
| EBITDA | 31.90 | 53.32 | 54.72 | 23.91 | 39.27 | 35.54 | 30.65 |
| EBITDA margin | +6.5% | +11.9% | +12.2% | +5.4% | +12.4% | +13.3% | +12.6% |
| Profit before tax | 10.47 | 34.44 | 38.48 | 6.05 | 36.64 | 28.78 | 30.42 |
| Net profit | 10.83 | 25.58 | 29.39 | 2.50 | 27.27 | 30.15 | 21.85 |
| Net profit margin | +2.2% | +5.7% | +6.6% | +0.6% | +8.6% | +11.3% | +9.0% |
| EPS (₹) | 4.46 | 11.00 | 176.94 | 15.45 | 167.54 | 132.72 | 134.13 |
| Balance sheet | |||||||
| Total assets | 462 | 431 | 317 | 268 | 278 | 146 | 138 |
| Net worth | 394 | 313 | 193 | 164 | 161 | 134 | 113 |
| Total debt | 64.55 | 114 | 123 | 103 | 115 | 11.12 | 25.13 |
| Cash & bank | 2.82 | 1.45 | 4.56 | 4.97 | 4.89 | 5.21 | 8.88 |
| Net working capital | 131 | 130 | 111 | 84.75 | 102 | 81.12 | 94.26 |
| Cash flow | |||||||
| Cash from operations | 32.13 | 26.90 | 28.05 | 42.93 | 18.90 | 17.32 | 18.88 |
| Cash from investing | (42.90) | (101) | (35.01) | (20.88) | (120) | (13.68) | (5.16) |
| Cash from financing | 10.37 | 73.99 | 6.55 | (21.98) | 101 | (7.31) | (8.78) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|
| Revenue | 139 | 124 | 119 | 126 | 123 | 110 | 110 |
| Revenue growth (YoY) | +13.3% | +12.6% | +8.8% | - | - | - | - |
| Other income | 0.54 | 0.76 | 0.49 | 0.68 | 0.41 | 0.86 | 0.86 |
| Total expenses | 125 | 123 | 112 | 118 | 113 | 99.94 | 99.94 |
| EBITDA | 14.71 | 1.14 | 6.98 | 8.17 | 9.94 | 9.89 | 9.89 |
| EBITDA margin | +10.6% | +0.9% | +5.8% | +6.5% | +8.1% | +9.0% | +9.0% |
| Depreciation | 3.21 | 3.19 | 3.14 | 3.07 | 3.09 | 3.40 | 3.50 |
| Interest | 1.86 | 2.73 | 2.95 | 3.20 | 2.67 | 2.82 | 2.82 |
| Profit before tax | 10.18 | (4.02) | 1.38 | 2.58 | 4.59 | 4.53 | 4.43 |
| Tax | 2.68 | (1.37) | 0.35 | (1.99) | 0.12 | 1.15 | 1.15 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|
| Revenue | 171 | 141 | 146 | 153 | 147 | 135 | 135 |
| Revenue growth (YoY) | +16.3% | +4.8% | +8.1% | - | - | - | - |
| Other income | 0.64 | (1.39) | 0.59 | 1.87 | 0.61 | 2.83 | 2.83 |
| EBITDA | 12.89 | 8.72 | 8.41 | 11.39 | 12.52 | 13.37 | 13.37 |
| EBITDA margin | +7.5% | +6.2% | +5.8% | +7.4% | +8.5% | +9.9% | +9.9% |
| Depreciation | 6.53 | 6.67 | 4.29 | 4.04 | 4.48 | 4.29 | 4.29 |
| Interest | 4.17 | 3.87 | 4.54 | 5.25 | 4.32 | 5.58 | 5.58 |
| Profit before tax | 2.83 | (3.21) | 0.17 | 3.97 | 4.33 | 6.33 | 6.33 |
| Tax | 3.85 | 0.08 | 0.61 | (1.55) | 0.51 | 1.54 | 1.54 |
| Net profit | (1.02) | (3.29) | (0.44) | 5.52 | 3.82 | 4.79 | 4.79 |
| EPS (₹) | (0.14) | (1.00) | 0.06 | 2.55 | 1.99 | 1.89 | 0.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 584 | 539 | 494 | 508 | 329 | 268 | 244 |
| Revenue growth | +8.3% | +9.2% | -2.8% | +54.4% | +22.9% | +9.7% | - |
| Other income | 1.08 | 7.01 | 6.27 | 7.11 | 5.27 | 3.51 | 7.99 |
| Total expenses | 539 | 473 | 424 | 481 | 290 | 232 | 213 |
| Employee cost | 0.00 | 22.00 | 20.99 | 21.16 | 13.08 | 7.94 | 8.99 |
| EBITDA | 44.82 | 66.15 | 69.55 | 27.22 | 38.94 | 35.54 | 30.65 |
| EBITDA margin | +7.7% | +12.3% | +14.1% | +5.4% | +11.8% | +13.3% | +12.6% |
| Depreciation | 19.24 | 16.40 | 12.97 | 15.97 | 6.67 | 8.32 | 8.10 |
| Interest | 17.14 | 19.79 | 17.68 | 14.66 | 3.26 | 1.95 | 0.12 |
| Profit before tax | 9.52 | 36.97 | 45.17 | 3.70 | 34.28 | 28.78 | 30.42 |
| Tax | 1.82 | 10.12 | 12.16 | 4.39 | 9.33 | 7.18 | 8.60 |
| Net profit | 10.78 | 26.69 | 33.85 | (0.50) | 26.25 | 31.14 | 23.15 |
| Net profit margin | +1.9% | +5.0% | +6.9% | -0.1% | +8.0% | +11.6% | +9.5% |
| EPS (₹) | 4.44 | 11.50 | 205.31 | (1.65) | 159.75 | 138.80 | 142.10 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 27.48 | 23.23 | 1.63 | 1.63 | 1.63 | 1.63 | 1.63 |
| Reserves & surplus | 361 | 294 | 197 | 164 | 164 | 138 | 116 |
| Shareholders' funds (net worth) | 398 | 318 | 199 | 166 | 166 | 140 | 117 |
| Minority interest | 9.63 | 0.03 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 |
| Secured loans | 157 | 156 | 162 | 163 | 156 | 11.52 | 25.13 |
| Unsecured loans | 12.45 | 12.14 | 21.66 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total debt | 169 | 168 | 183 | 163 | 156 | 11.52 | 25.13 |
| Total liabilities | 583 | 489 | 384 | 330 | 323 | 152 | 143 |
| Assets | |||||||
| Gross block | 506 | 371 | 334 | 313 | 205 | 102 | 101 |
| Net block | 361 | 247 | 228 | 220 | 128 | 30.92 | 38.46 |
| Capital work in progress | 33.65 | 40.73 | 21.98 | 0.14 | 42.31 | 8.17 | 0.00 |
| Investments | 11.46 | 14.41 | 10.05 | 9.66 | 9.27 | 9.09 | 8.10 |
| Inventories | 98.82 | 51.77 | 57.33 | 42.21 | 56.45 | 23.93 | 10.92 |
| Sundry debtors | 137 | 138 | 111 | 94.82 | 88.81 | 61.67 | 62.34 |
| Cash & bank balances | 2.45 | 3.10 | 10.93 | 7.62 | 7.87 | 5.48 | 8.88 |
| Loans & advances | 37.22 | 27.10 | 17.03 | 30.36 | 36.41 | 33.69 | 48.32 |
| Total current assets | 275 | 220 | 196 | 175 | 190 | 125 | 130 |
| Total current liabilities | 107 | 65.34 | 65.78 | 78.43 | 69.58 | 42.45 | 36.20 |
| Net working capital | 169 | 155 | 130 | 96.58 | 120 | 82.32 | 94.26 |
| Total assets | 583 | 489 | 384 | 330 | 323 | 152 | 143 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 3.10 | 8.98 | 7.62 | 7.87 | 5.48 | 8.88 | 3.95 |
| Net cash from operating activities | 37.04 | 32.18 | 42.28 | 69.25 | (3.08) | 31.59 | 20.18 |
| Net cash from investing activities | (89.22) | (93.16) | (40.03) | (60.04) | (134) | (28.00) | (6.54) |
| Net cash from financing activities | 51.46 | 55.11 | 1.06 | (9.46) | 140 | (6.99) | (8.69) |
| Net change in cash | (0.72) | (5.88) | 3.31 | (0.25) | 2.39 | (3.40) | 4.94 |
| Closing cash | 2.45 | 3.10 | 10.93 | 7.62 | 7.87 | 5.48 | 8.88 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +8.3% | +9.2% | -2.8% | +54.4% | +22.9% | +9.7% | - |
| EBITDA growth | -32.2% | -4.9% | +155.5% | -30.1% | +9.6% | +16.0% | - |
| PBT growth | -74.3% | -18.2% | +1120.8% | -89.2% | +19.1% | -5.4% | +9997.0% |
| Net income growth | -59.6% | -21.2% | +6870.0% | -101.9% | -15.7% | +34.5% | - |
| Revenue CAGR (3Y) | +4.7% | +17.9% | +22.6% | +27.7% | - | - | - |
| EBITDA CAGR (3Y) | +18.1% | +19.3% | +25.1% | -3.9% | - | - | - |
| Profitability & leverage | |||||||
| Net income margin | +1.3% | +5.0% | +6.7% | -0.1% | +7.6% | +8.1% | +8.9% |
| Return on capital employed | - | +13.1% | +17.6% | +6.0% | +15.8% | +29.0% | +21.4% |
| Return on net worth | - | +10.4% | +18.1% | -0.6% | +16.3% | +23.5% | +18.6% |
| Debt / equity | - | 0.67 | 0.95 | 0.96 | 0.55 | 0.14 | 0.21 |
| Long-term debt / equity | - | 0.32 | 0.51 | 0.63 | 0.37 | 0.05 | 0.08 |
| Interest cover | 67.01 | 39.78 | 31.25 | 130.31 | 10.10 | 7.16 | 0.53 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 1.54 | 1.53 | 1.96 | 2.14 | 2.64 | 2.42 |
| Inventory turnover | - | 9.88 | 9.92 | 10.30 | 8.19 | 15.37 | 22.35 |
| Debtors turnover | - | 4.34 | 4.80 | 5.54 | 4.38 | 4.32 | 3.92 |
| EPS (₹) | 4.44 | 11.50 | 205.31 | (1.65) | 159.75 | 138.80 | 142.10 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 137.69 | 1,222.84 | 1,017.53 | 1,019.17 | 859.44 | 720.64 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|
| Revenue | 139 | 124 | 119 | 126 | 123 | 110 | 110 |
| Revenue growth (YoY) | +13.3% | +12.6% | +8.8% | - | - | - | - |
| Other income | 0.54 | 0.76 | 0.49 | 0.68 | 0.41 | 0.86 | 0.86 |
| Total expenses | 125 | 123 | 112 | 118 | 113 | 99.94 | 99.94 |
| EBITDA | 14.71 | 1.14 | 6.98 | 8.17 | 9.94 | 9.89 | 9.89 |
| EBITDA margin | +10.6% | +0.9% | +5.8% | +6.5% | +8.1% | +9.0% | +9.0% |
| Depreciation | 3.21 | 3.19 | 3.14 | 3.07 | 3.09 | 3.40 | 3.50 |
| Interest | 1.86 | 2.73 | 2.95 | 3.20 | 2.67 | 2.82 | 2.82 |
| Profit before tax | 10.18 | (4.02) | 1.38 | 2.58 | 4.59 | 4.53 | 4.43 |
| Tax | 2.68 | (1.37) | 0.35 | (1.99) | 0.12 | 1.15 | 1.15 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 490 | 448 | 448 | 445 | 318 | 268 | 244 |
| Revenue growth | +9.3% | +0.1% | +0.5% | +40.2% | +18.5% | +9.7% | - |
| Other income | 1.93 | 5.66 | 6.00 | 6.77 | 7.18 | 3.51 | 7.99 |
| Total expenses | 458 | 395 | 393 | 421 | 278 | 232 | 213 |
| Employee cost | 0.00 | 14.82 | 15.10 | 14.25 | 11.05 | 7.94 | 8.99 |
| EBITDA | 31.90 | 53.32 | 54.72 | 23.91 | 39.27 | 35.54 | 30.65 |
| EBITDA margin | +6.5% | +11.9% | +12.2% | +5.4% | +12.4% | +13.3% | +12.6% |
| Depreciation | 12.46 | 13.01 | 9.65 | 13.93 | 6.55 | 8.32 | 8.10 |
| Interest | 10.90 | 11.53 | 12.59 | 10.70 | 3.26 | 1.95 | 0.12 |
| Profit before tax | 10.47 | 34.44 | 38.48 | 6.05 | 36.64 | 28.78 | 30.42 |
| Tax | (0.36) | 8.86 | 9.68 | 3.55 | 9.37 | 7.18 | 8.60 |
| Net profit | 10.83 | 25.58 | 29.39 | 2.50 | 27.27 | 30.15 | 21.85 |
| Net profit margin | +2.2% | +5.7% | +6.6% | +0.6% | +8.6% | +11.3% | +9.0% |
| EPS (₹) | 4.46 | 11.00 | 176.94 | 15.45 | 167.54 | 132.72 | 134.13 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 27.48 | 23.24 | 1.63 | 1.63 | 1.63 | 1.63 | 1.63 |
| Reserves & surplus | 356 | 290 | 191 | 162 | 160 | 133 | 111 |
| Shareholders' funds (net worth) | 394 | 313 | 193 | 164 | 161 | 134 | 113 |
| Secured loans | 37.30 | 96.94 | 123 | 103 | 115 | 10.82 | 25.13 |
| Unsecured loans | 27.25 | 17.48 | 0.00 | 0.00 | 0.00 | 0.30 | 0.00 |
| Total debt | 64.55 | 114 | 123 | 103 | 115 | 11.12 | 25.13 |
| Total liabilities | 462 | 431 | 317 | 268 | 278 | 146 | 138 |
| Assets | |||||||
| Gross block | 286 | 276 | 245 | 135 | 200 | 102 | 101 |
| Net block | 160 | 162 | 144 | 135 | 123 | 30.92 | 38.46 |
| Capital work in progress | 0.93 | 0.00 | 19.52 | 0.00 | 0.00 | 3.41 | 0.00 |
| Investments | 145 | 145 | 15.27 | 16.13 | 16.17 | 11.60 | 3.41 |
| Inventories | 84.59 | 42.70 | 47.50 | 33.04 | 51.43 | 23.93 | 10.92 |
| Sundry debtors | 119 | 122 | 92.11 | 73.05 | 72.69 | 61.67 | 62.34 |
| Cash & bank balances | 2.82 | 1.45 | 4.56 | 4.97 | 4.89 | 5.21 | 8.88 |
| Loans & advances | 14.03 | 21.82 | 10.38 | 28.64 | 30.54 | 32.72 | 48.32 |
| Total current assets | 220 | 188 | 155 | 140 | 160 | 124 | 130 |
| Total current liabilities | 88.96 | 57.58 | 43.98 | 54.95 | 57.55 | 42.41 | 36.20 |
| Net working capital | 131 | 130 | 111 | 84.75 | 102 | 81.12 | 94.26 |
| Total assets | 462 | 431 | 317 | 268 | 278 | 146 | 138 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 1.45 | 1.55 | 4.97 | 4.89 | 5.21 | 8.88 | 3.95 |
| Net cash from operating activities | 32.13 | 26.90 | 28.05 | 42.93 | 18.90 | 17.32 | 18.88 |
| Net cash from investing activities | (42.90) | (101) | (35.01) | (20.88) | (120) | (13.68) | (5.16) |
| Net cash from financing activities | 10.37 | 73.99 | 6.55 | (21.98) | 101 | (7.31) | (8.78) |
| Net change in cash | (0.40) | (0.10) | (0.40) | 0.08 | (0.32) | (3.68) | 4.94 |
| Closing cash | 2.82 | 1.45 | 4.56 | 4.97 | 4.89 | 5.21 | 8.88 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +9.3% | +0.1% | +0.5% | +40.2% | +18.5% | +9.7% | - |
| EBITDA growth | -40.2% | -2.6% | +128.9% | -39.1% | +10.5% | +16.0% | - |
| PBT growth | -69.6% | -10.5% | +536.0% | -83.5% | +27.3% | -5.4% | +9997.0% |
| Net income growth | -57.7% | -13.0% | +1075.6% | -90.8% | -9.6% | +38.0% | - |
| Revenue CAGR (3Y) | +3.2% | +12.2% | +18.7% | +22.2% | - | - | - |
| EBITDA CAGR (3Y) | +10.1% | +10.7% | +15.5% | -7.9% | - | - | - |
| Profitability & leverage | |||||||
| Net income margin | +2.2% | +5.7% | +6.4% | +0.6% | +8.6% | +8.1% | +8.9% |
| Return on capital employed | - | +12.3% | +17.5% | +6.1% | +18.8% | +30.1% | +22.1% |
| Return on net worth | - | +10.1% | +16.1% | +1.5% | +18.4% | +24.4% | +19.4% |
| Debt / equity | - | 0.47 | 0.63 | 0.67 | 0.43 | 0.15 | 0.22 |
| Long-term debt / equity | - | 0.21 | 0.30 | 0.35 | 0.21 | 0.05 | 0.08 |
| Interest cover | 56.07 | 28.60 | 27.93 | 107.21 | 9.96 | 7.16 | 0.53 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 1.72 | 2.35 | 2.65 | 2.10 | 2.64 | 2.42 |
| Inventory turnover | - | 9.94 | 11.12 | 10.54 | 8.43 | 15.37 | 22.35 |
| Debtors turnover | - | 4.19 | 5.42 | 6.11 | 4.73 | 4.32 | 3.92 |
| EPS (₹) | 4.46 | 11.00 | 176.94 | 15.45 | 167.54 | 132.72 | 134.13 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 134.24 | 1,184.45 | 1,007.51 | 992.06 | 824.53 | 691.82 |
To see the full year-wise statements and ratios of Subam Papers Limited, buy the company report.
Board of directors of Subam Papers Limited
Subam Papers has 6 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gurusamy Rathakrishna Also directs: Shree M.T.K.Textiles Private Limited, Shreemtk Cotton and Fibers Private Limited, Shrish Spintex Private Limited and 2 more | Director | 23 Mar 2024 | 2 Years 7 Months | Current |
| Gunasingh Chelladhurai Also directs: MDL Industries Limited, Standard Paper Containers Private Limited, Pandian Chemicals Limited and 5 more | Director | 23 Mar 2024 | 2 Years 7 Months | Current |
| Ramasubbu Venkatesh | Director | 06 Jan 2016 | 10 Years 9 Months | Current |
| Sudha Alagarsamy | Director | 30 Apr 2018 | 8 Years 5 Months | Current |
| T Balakumar Also directs: Mercury Pack & Paper Products LLP, Nellai Subam Packaging LLP, Rajapalayam Success Packagings LLP and 5 more | Managing Director | 30 Apr 2018 | 8 Years 5 Months | Current |
| Arunachalam Anbu Sanjeevikani | Director | 27 Sep 2025 | 1 Years 0 Months | Current |
Peer comparison
Subam Papers Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (wood and wood products, furniture, paper and paper products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sidharth Papers Private Limited | ₹590.5 Cr (FY 2025) | 1.0% | Delhi, India | |||
| Metro Decorative Private Limited | ₹586.83 Cr (FY 2025) | 69.0% | Himachal Pradesh, India | |||
| Subam Papers Limitedthis company | ₹584.09 Cr (FY 2026) | ₹10.78 Cr | 1.8% | 8.3% | 212 | Tirunelveli, Tamil Nadu, India |
| C L Gupta Exports Limited | ₹575.85 Cr (FY 2024) | -20.0% | New Delhi, Delhi, India | |||
| Archidply Industries Limited | ₹557.46 Cr (FY 2025) | 27.0% | Rudrapur, Uttarakhand, India | |||
| Lord's Mark Industries Limited | ₹556.75 Cr (FY 2024) | 82.0% | Mumbai, Maharashtra, India | |||
| Saarthak Vanijya India Private Limited | ₹537.37 Cr (FY 2025) | -15.0% | Varanasi, Uttar Pradesh, India | |||
| Pragati Offset Private Limited | ₹533.54 Cr (FY 2025) | 1.0% | Telangana, India | |||
| R A Kraft Paper Private Limited | ₹526.11 Cr (FY 2025) | 28.0% | Mumbai, Maharashtra, India | |||
| Merino Panel Products Ltd | ₹524.23 Cr (FY 2020) | -3.0% | Kolkata, West Bengal, India | |||
| Chadha Papers Limited | ₹522.82 Cr (FY 2025) | -15.0% | Uttar Pradesh, India |
To see the full peer comparison of Subam Papers Limited, buy the company report.
Auditor
Subam Papers Limited is audited by NARAYANASAMY AND ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NARAYANASAMY AND ASSOCIATES | FY 2023 | 002401S |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 58.90%, foreign institutional investors hold 0.20%, domestic institutional investors hold 5.00% and retail and other public shareholders hold 35.90%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 58.90% | 59.10% | 69.90% | 69.70% |
| Public | 41.10% | 40.90% | 30.10% | 30.30% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Feb 2024 | 100867664 | Hdfc Bank Limited | ₹20 Cr | Open | |
| 30 Dec 2023 | 100854793 | State Bank of India | ₹16.5 Cr | Open | |
| 19 Jun 2023 | 100733970 | Axis Bank Limited | ₹72.76 Lakh | Open | |
| 30 Mar 2023 | 100708215 | Axis Bank Limited | ₹36.38 Lakh | Open | |
| 24 Mar 2023 | 100697499 | Hdfc Bank Limited | ₹38.52 Lakh | Open |
To see the full charge records of Subam Papers Limited, buy the company report.
Total charge records: 34 View all charges
Deals & funding
Subam Papers Limited has 22 deals on record (10 funding rounds, 6 market trades, 5 secondary share transfers), with disclosed funding of ₹21.49 Cr; the latest was in November 2025.
Deals on record (5 of 22)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2025 | Market trade | ₹2.5 Cr | Buyer: Sincere Syndication and Corporate Services LLP |
| Nov 2025 | Market trade | ₹3.04 Cr | Buyer: Sincere Syndication and Corporate Services LLP Seller: an individual |
| Jan 2025 | Market trade | ₹1.29 Cr | Buyer: Leading Light Fund Vcc - The Triumph Fund Seller: Mansi Share and Stock Broking Private Limited |
| Oct 2019 | Secondary share transfer | Undisclosed | Buyer: Saradhambika Paper and Board Mills Private Limited Seller: 4 individuals |
| Aug 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Rajashree Spintex Private Limited |
To see the full deal history of Subam Papers Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Subam Papers Limited has 4 court cases on record: 3 filed by Subam Papers, 1 filed against it. 1 case is pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 1 | 0 |
| District courts | 1 | 0 | 1 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Tirunelveli, Tamil Nadu | Criminal case | Filed by the company against an individual | Pending |
| Madras High Court | Court case (WMP(MD)) | Filed against the company by M/S.Jeyam Paper Chemicals | Disposed |
| Madras High Court | Writ petition | Filed by the company against an individual | Disposed |
| Madras High Court | Court case (WMP(MD)) | Filed by the company against an individual | Disposed |
To see the full case history of Subam Papers Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Subam Papers Limited was last rated by Icra on 06 Sep 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 06 Sep 2021 |
To see the full credit ratings and regulatory alerts of Subam Papers Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Subam Papers Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Subam Papers has 2 subsidiary companies and 2 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Subam Agro Ventures Private Limited | U01111TN2004PTC054666 | |
| Subam Paper and Boards Private Limited | U21000TN2020PTC136504 |
To see the full group structure of Subam Papers Limited, buy the company report.
Employees & EPFO
Subam Papers Limited has a workforce of 212 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Subam Papers has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAICS5376E1ZA | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Subam Papers Limited, buy the company report.
Recent activity
Subam Papers Limited has 19 board changes on record since 2012: 6 appointments and 13 cessations. The latest: Arunachalam Anbu Sanjeevikani was appointed as Director on 27 Sep 2025.
78 earlier events are in the company report.
Frequently asked questions
Subam Papers is an active public limited company based in Tirunelveli, Tamil Nadu, India. The company works in paper, within the packaging industry. It was incorporated on 06 October 2004 (22+ years old) and is registered under CIN U21012TN2004PLC054403. Listed on BSE: 544267.
Subam Papers reported revenue of ₹584.09 Cr for FY 2025-26 (up 8.3% YoY) based on consolidated financials.
Subam Papers has 6 current directors:
- T Balakumar - Managing Director
- Gurusamy Rathakrishna - Director
- Gunasingh Chelladhurai - Director
- Ramasubbu Venkatesh - Director
- Sudha Alagarsamy - Director
- Arunachalam Anbu Sanjeevikani - Director
The latest financial statements of Subam Papers on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 27 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Subam Papers is 33AAICS5376E1ZA, registered in Tamil Nadu. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Subam Papers is U21012TN2004PLC054403. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Subam Papers is a listed company as per MCA records. Its shares are listed on BSE (code: 544267).
Subam Papers has 4 court cases on record: 3 filed by the company and 1 filed against it. 1 is pending. Most are in the high courts.
Subam Papers was incorporated on 06 October 2004, making it 22+ years old. It is registered with the Registrar of Companies, Chennai.
Subam Papers has 22 deals on record (10 funding rounds, 6 market trades, 5 secondary share transfers), with disclosed funding of ₹21.49 Cr; the latest was in November 2025.
The peers of Subam Papers by revenue are Sidharth Papers Private Limited, Metro Decorative Private Limited, C L Gupta Exports Limited, Archidply Industries Limited, Lord's Mark Industries Limited and 5 more, all in the same principal business activity (wood and wood products, furniture, paper and paper products).