Shreyans Industries Limited stands as a prominent player in India's paper manufacturing sector, with a rich heritage spanning over four decades since its incorporation in 1979. The company was formerly known as Shreyans Paper Mills Ltd. and changed its name to Shreyans Industries Limited in October 1992. Promoted by the well-known Oswal family of Ludhiana, the company has established itself as a significant contributor to India's paper industry. It specializes in the manufacture of writing and printing papers using agricultural residues.
Shreyans Industries Limited engages in the manufacture and sale of writing and printing papers, both in India and internationally. The company offers a diverse range of products including high brightness paper, cream wove, colored paper, duplicating paper, surface sized printing paper, azure laid paper, maplitho paper, stamp paper, inland letter paper, postal envelope paper, offset paper, cover paper, super calendared paper, rail ticket paper, and super printing paper. These products are available in various grades ranging from 44 grams per square meter (GSM) to 200 GSM.
The company operates through a strategically positioned manufacturing infrastructure with two key plants:
- Shreyans Papers plant: Located in Ahmedgarh, Malerkotla district, Punjab.
- Shree Rishabh papers plant: Located in Banah village, S.B.S. Nagar district, Punjab.
This dual-plant setup enables efficient market service, optimization of operational costs, and logistics management.
Incorporated in 1979, Shreyans Industries Ltd manufactures Writing and Printing Paper. SIL is part of the Shreyans Group, promoted by the Oswal family from Ludhiana. The company uniquely manufactures writing and printing paper from agricultural residues. It maintains one marketing branch in Delhi and has an extensive network of 100 dealers across India. The company serves a diverse clientele through both government and private channels, catering to publishers, copy manufacturers, job printers, various state text book boards, exporters of notebooks and diaries, printing and stationary departments, railways, P&T departments, and security presses.
Market Capitalization and Valuation Metrics (as of May 2025):
- Market Capitalisation: ₹ 326 Crore
- PE Ratio: 5.55
- PB Ratio: 0.65
Recent Financial Performance:
- Revenue (FY25): ₹ 617 Crore
- Profit (FY25): ₹ 50.6 Crore
- TTM Revenue: ₹ 605.21 Crore
- TTM Profit After Tax: ₹ 69 Crore
The company has demonstrated strong profitability metrics with impressive return ratios, although revenue growth has faced challenges recently with an annual revenue de-growth of -16%. However, its pre-tax margin of 16% is robust, and the Return on Equity (ROE) of 22% is exceptional. The company maintains a healthy balance sheet with a reasonable debt-to-equity ratio of 1%.
Shreyans Industries Ltd's stock trades on both major Indian exchanges.
- NSE Symbol: SHREYANIND
- BSE Scrip Code: 516016
Key Stock Data:
- 52-Week High: ₹ 347.20
- 52-Week Low: ₹ 165.00
Recent Price Performance (on BSE):
- Last 1 Month: +24.34%
- Last 3 Months: +23.10%
- Last 3 Years: +136.62%
Management Structure:
- Chairman: Rajneesh Oswal
- Vice Chairman & M.D.: Vishal Oswal
- Company Secretary & Compliance Officer: Parminder Singh
Shareholding Pattern (March 2025):
- Promoter Holding: 50.53% (as of Mar 2025, consistent from Jun 2024)
Recent Corporate Actions:
- On May 23, Audited FY25 results were approved. A dividend of ₹3 (regular) and ₹2 (special) was recommended, demonstrating the company's commitment to rewarding shareholders through consistent dividend distributions.
Shreyans Industries Ltd operates in the highly competitive paper manufacturing sector. Its peers include JK Paper Ltd, West Coast Paper Mills Ltd, Seshasayee Paper & Boards Ltd, Pakka Ltd, and Genus Paper & Boards Ltd. The company has established a niche through its focus on writing and printing papers manufactured from agricultural residues, aligning with sustainable manufacturing practices.
The company faces operational challenges typical of the paper industry, such as slower sales growth (reported as 2.68% over the past five years) and increased working capital days (from 44.3 days to 141 days). However, its strong balance sheet position and operational efficiency metrics suggest resilience in navigating market challenges.
Shreyans Industries Limited continues to maintain its position as a specialized manufacturer in the Indian paper industry, with a focus on sustainable manufacturing practices and serving diverse market segments from government institutions to private enterprises.
