Company Overview

Sundaram Multi Pap Limited is a well-established paper stationery manufacturing company incorporated in 1985, operating as a leading player in Maharashtra's paper stationery industry. The company designs, manufactures, and markets paper stationery products for students, as well as office/corporate stationery products, printing, writing, and packaging paper under the brand name Sundaram. The company operates a state-of-the-art manufacturing unit in Palghar, spread over 5 acres, equipped with advanced machinery and hi-tech equipment.

Sundaram Multi Pap has built an extensive product portfolio of over 200 product varieties and sells more than 5 lakh books daily through its robust distribution network of 15,000 dealers and distributors. With strong brand presence and market penetration, the company operates pan-Maharashtra and enjoys strong brand recall among consumers.

Business Operations and Products

The company designs, manufactures, and markets comprehensive paper stationery products, including exercise notebooks, long books, note pads, scrap books, drawing books, and graph books for students of all ages. It also offers office/corporate stationery products and printing, writing, and packaging paper. Sundaram offers over 200 types of products with multiple cover pages and artwork, all manufactured under the trusted Sundaram brand.

The company has also diversified into the digital education sector. In 2020-21, the Scheme of Amalgamation between the Company and E-Class Education System Limited (ECESL), a 51% subsidiary, was implemented and made effective from June 15, 2020. Post-amalgamation, the business expanded into the new segment of online education through educational content catering to the online digital industry.

Manufacturing and Infrastructure

The company's manufacturing operations are centered around its state-of-the-art facility in Palghar, which spans 5 acres and houses advanced machinery and hi-tech equipment. The company has been upgrading its production capabilities, including plans to install fully automatic production lines for exercise books and renovate existing units at its Palghar plants. The company has significantly scaled its operations, growing its production capacity from 5 tons to 120 tons of paper stationery per day since its inception.

Financial Performance

Based on the latest available financial data, Sundaram Multi Pap's performance shows mixed results across different quarters.

- Q1 FY25 (June 2024): The company reported a net profit of Rs 0.25 crore compared to a net loss of Rs 0.83 crore in the same quarter of the previous year. Sales rose marginally by 0.31% to Rs 42.42 crore.

- Q2 FY25 (September 2024): The company reported a net loss of Rs 1.83 crore against a net loss of Rs 2.35 crore in the previous year, though sales improved by 7.62% to Rs 24.00 crore.

- Q3 FY25 (December 2024): Performance showed a net loss of Rs 2.69 crore compared to Rs 2.14 crore in December 2023, with sales declining 2.64% to Rs 21.36 crore.

Key Financial Metrics

- Market Capitalization: ₹89.09 Crores (As of May 12, 2025)

- Revenue Performance: Over the last 5 years, revenue has grown at a yearly rate of 4.6%.

- Return on Equity (ROE): The company has a low ROE of 2.43% over the last 3 years.

- Promoter Holding: 31.11% (As of December 2024)

Market Position and Distribution

Sundaram Multi Pap Ltd is recognized as one of the leading companies in the notebook industry. The company maintains a market share of 0.35% over the last 5 years within its industry segment. The brand Sundaram stands for trust and quality products, with the company's mission focused on delivering quality products at competitive rates across the country. The company's robust distribution network includes 15,000 dealers and distributors, ensuring wide market penetration.

Corporate Governance and Leadership

Amrut P. Shah serves as the Chairman and Managing Director of the company, bringing more than 25 years of experience in the paper stationery manufacturing business.

Social Responsibility

Through its NGO, Sundaram Education Foundation, the company engages in community development projects to support schools and students. The company has undertaken community development projects, particularly in providing primary and secondary education in and around Palghar as well as in Kutch. This includes the establishment of 5 schools for primary and secondary education since 1998, starting with a special school for deaf and dumb children.

Sundaram Multi Pap Limited continues to maintain its position as a significant player in India's paper stationery market, balancing traditional manufacturing excellence with strategic diversification into digital education solutions while upholding its commitment to quality and community development.