Shree Rama Newsprint Limited (SRNL) is one of India's largest manufacturers of recycled paper-based writing & printing paper and newsprint. Established in 1993, the company is listed on the Bombay Stock Exchange and National Stock Exchange. SRNL is a part of the Riddhi Siddhi Group. The company operates primarily in the paper manufacturing sector with a focus on sustainable production using 100% recycled materials, making it an environmentally conscious player in the Indian paper industry.
Shree Rama Newsprint Limited is an India-based company engaged in the paper business and packaged drinking water business. The Company also has an operating segment of a Water bottle plant. Beyond its core paper manufacturing operations, the company has diversified into the packaged drinking water segment, adding another revenue stream to its business portfolio.
The company has a state-of-the-art manufacturing plant with an installed annual capacity of producing 150,000 MT of writing & printing paper and newsprint. SRNL has a manpower strength of over 1200 people. The substantial production capacity positions the company as a significant player in India's paper industry, with the ability to serve both domestic and export markets.
The manufacturing plant of SRNL is spread over an area of 230 acres at Surat, Gujarat, in the western part of India. The plant is strategically located near the Hazira port (25 kms) and is 10 kms from Surat Airport. Surat city is 250 kms from Mumbai, the commercial capital of India. This strategic location provides excellent connectivity for raw material procurement and finished goods distribution, with proximity to major transportation hubs facilitating efficient logistics operations.
The Company manufactures recycled paper-based writing and printing paper and newsprint. Its paper products include writing and printing paper, photocopier paper, newsprint, and kraft paper. The company's diverse product range caters to various segments of the paper market, from publishing to office use applications.
Its writing and printing paper brands include Rama Silver, Rama Pearl, Rama Platinum, and Rama Palladium. SRNL will soon launch photocopier paper brands, Rama Prestige and Rama Polaris. The company has established a strong brand presence in the writing and printing paper segment with multiple product lines targeting different quality and price points.
Its newsprint is designed for high-speed offset printing on both cold and heat set presses and for high-volume publications. SRNL supplies newsprint to some of India's leading media houses. The company's newsprint business serves major publishing houses, demonstrating its capability to meet the stringent quality requirements of the media industry.
- Annual Revenue (FY25): Rs 44.13 crore (year ended March 2025) vs Rs 47.04 crore (year ended March 2024)
- Annual Net Loss (FY25): Rs. 106.3 Cr (going concern uncertainty noted)
- Q4 FY25 Revenue: ₹11.33 Cr (as on March 2025)
- Q4 FY25 Net Loss: ₹-5.35 Cr (as on March 2025)
The market cap of Shree Rama Newsprint Ltd (RAMANEWS) is ₹507.03 Cr as of 20th June 2025. The P/E (price-to-earnings) ratio is -4.77. The P/B (price-to-book) ratio is 1.15.
The company has been facing significant financial challenges, with declining revenues and substantial losses. The company has delivered a poor sales growth of -33.4% over the past five years. The negative earnings and going concern issues highlight the operational difficulties the company is currently experiencing.
- Disposal of paper division equipment for INR 5.91 Cr, approved by shareholders, with completion by Sept 2025. This development suggests the company is restructuring its operations and potentially downsizing its paper manufacturing capacity as part of its business strategy.
- New Company Secretary appointed. The appointment of new leadership in compliance roles indicates ongoing corporate governance improvements and management changes within the organization.
The company manufactures paper from wastepaper. The use of recycled paper saves resources and reduces the paper industry's impact on the planet. The company's commitment to using 100% recycled materials positions it well in an increasingly environmentally conscious market, where sustainability credentials are becoming increasingly important for business success.
It manufactures different grades of writing and printing paper, which are used in making notebooks, publications, and base paper by publication houses. This diversified application base helps the company serve multiple end-user segments, from educational institutions to commercial publishers.
The 52-week high of Shree Rama Newsprint Ltd (RAMANEWS) is ₹44.78 and the 52-week low is ₹14.50. The significant volatility in the stock price reflects the market's concerns about the company's financial performance and future prospects.
Shree Rama Newsprint Ltd (RAMANEWS) belongs to the Materials sector & Paper Products sub-sector. The company operates within the cyclical materials sector, where performance is often influenced by raw material costs, demand patterns, and economic conditions.
The company continues to operate in a challenging environment with declining revenues and mounting losses, while attempting to restructure its operations and maintain its position in India's recycled paper manufacturing sector.
