Satia Industries Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹640 Cr
- ROE
- 4.33%
- Price to sales
- 0.45
- Debt to equity
- 0.29
- 52W high / low
- ₹77.2 / ₹51.2
- Sales growth (5Y)
- 19.84%
- EBITDA margin
- 7.81%
- Net profit margin
- 3.19%
- Promoter holding
- 52.46%
- Sales (last year)
- ₹1,443 Cr
Incorporated in 1980, Satia Industries Ltd is in the business of Writing and Printing Paper, Agriculture, and Cogeneration of Power[1]
Guidance scorecard · Q1 FY27 call
What Satia Industries Ltd's management guided
and where it ranks in Paper, Forest & Jute Products
Paper, Forest & Jute Products
RevenueQ4 FY25 call
0–10%- FY26 expected volume reduction by 10%-15% (~25,000-30,000 tons) due to PM3 shutdown for six months (July-Dec) for capacity expansion.
- Post-renovation, production capacity to increase approximately 10%-15%, targeting 240,000 to 260,000 tons from current 215,000 tons.
- PM3 expansion (CAPEX ~ Rs 225 crores) will increase machine speed by ~50%, adding about 20,000 tons annually.
- Focus on producing higher-margin specialty papers such as copier paper, SS Maplitho, chromo paper, and artboard paper post-expansion.
- Aim to increase high-end ultra print and super printing paper share to 50% over next 1-2 years (currently 30%-40%).
2 more points from Satia Industries Ltd's call on revenue
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MarginsQ4 FY25 call
FlatSee what Satia Industries Ltd said on margins — free account, 30 seconds.
CapexQ4 FY25 call
Planned- Commitment to sustainability and strategic diversification (e.g., cutlery segment expansion).
FundraisingQ4 FY25 call
PlannedSee what Satia Industries Ltd said on fundraising — free account, 30 seconds.
Order bookQ4 FY25 call
Rising- Despite challenging market conditions, Satia Industries currently holds a healthy order book of over one month.
- There has been robust demand from various regions including Bangladesh (over 10,000 tons in two months) and Nepal (about 3,000 tons in two months).
- Demand is driven largely by government purchases (50%-60% of the market), influenced by new education policies and rising literacy rates.
- The company currently faces a situation where demand exceeds supply, with a capacity utilization of over 90%.
2 more points from Satia Industries Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Paper, Forest & Jute Products
on management's own guidance
- Nikita Greentech RecyclingSlow growth2
- Kuantum PapersModerate growth1
- 3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Paper, Forest & Jute Products companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | Kuantum Papers | 10–20% | Up 2%+ | ₹630 Cr | 17.4 |
| 2 | Nikita Greentech Recycling | 0–10% | Up 0–2% | ₹163 Cr | 14.8 |
| 3 | Satia IndustriesThis stock | 0–10% | Flat | ₹682 Cr | — |
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Pro shows every company guiding 40%+ revenue growth →Full Paper, Forest & Jute Products rankingFinancials of Satia Industries Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Satia Industries Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 520.64 | 481.17 | 373.36 | 435.66 | 430.59 | 399.37 | 340.12 | 375.83 | 396.67 | 370.92 | 311.13 | 380.31 | 389.56 |
| Expenses + | 384.47 | 331.87 | 286.95 | 343.47 | 339.85 | 288.66 | 295.05 | 322.84 | 335.17 | 307.68 | 304.55 | 341.84 | 372.67 |
| Operating Profit | 136.17 | 149.30 | 86.41 | 92.19 | 90.74 | 110.71 | 45.07 | 52.99 | 61.50 | 63.24 | 6.58 | 38.47 | 16.89 |
| OPM % | 26.15% | 31.03% | 23.14% | 21.16% | 21.07% | 27.72% | 13.25% | 14.10% | 15.50% | 17.05% | 2.11% | 10.12% | 4.34% |
| Other Income + | 2.78 | 3.48 | 5.84 | -2.41 | 8.45 | 3.77 | 2.16 | 6.00 | 7.28 | 6.29 | 9.37 | 28.65 | 22.81 |
| Interest | 9.98 | 7.75 | 7.38 | 7.54 | 7.28 | 6.61 | 6.41 | 6.19 | 6.40 | 5.16 | 5.73 | 5.52 | 5.63 |
| Depreciation | 112.30 | 32.60 | 33.47 | 38.23 | 47.06 | 38.52 | 39.57 | 40.05 | 39.22 | 33.58 | 35.34 | 35.29 | 35.04 |
| Profit before tax | 16.67 | 112.43 | 51.40 | 44.01 | 44.85 | 69.35 | 1.25 | 12.75 | 23.16 | 30.79 | -25.12 | 26.31 | -0.97 |
| Tax % | -177.56% | 25.14% | 6.73% | 9.93% | 12.04% | 26.36% | -886.40% | -55.29% | -52.98% | -2.63% | -2.39% | -6.54% | -696.91% |
| Net Profit + | 46.28 | 84.15 | 47.94 | 39.64 | 39.45 | 51.06 | 12.33 | 19.80 | 35.43 | 31.60 | -24.52 | 28.03 | 5.80 |
| EPS in Rs | 4.63 | 8.42 | 4.79 | 3.96 | 3.94 | 5.11 | 1.23 | 1.98 | 3.54 | 3.16 | -2.45 | 2.80 | 0.58 |
Financials of Satia Industries Ltd
Profit & Loss
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 392 | 433 | 540 | 631 | 738 | 809 | 587 | 891 | 1,880 | 1,718 | 1,505 | 1,452 |
| Expenses + | 327 | 380 | 449 | 509 | 574 | 634 | 451 | 706 | 1,469 | 1,299 | 1,234 | 1,327 |
| Operating Profit | 65 | 54 | 91 | 122 | 164 | 175 | 136 | 185 | 412 | 419 | 270 | 125 |
| OPM % | 17% | 12% | 17% | 19% | 22% | 22% | 23% | 21% | 22% | 24% | 18% | 9% |
| Other Income + | 4 | 15 | 21 | 30 | 14 | 15 | 7 | 26 | 14 | 15 | 19 | 67 |
| Interest | 16 | 25 | 24 | 24 | 21 | 20 | 18 | 22 | 35 | 30 | 26 | 22 |
| Depreciation | 53 | 33 | 40 | 45 | 48 | 55 | 58 | 66 | 207 | 151 | 157 | 139 |
| Profit before tax | -0 | 10 | 48 | 83 | 110 | 115 | 67 | 123 | 184 | 253 | 107 | 31 |
| Tax % | -39,300% | -30% | 4% | 18% | 20% | 20% | 26% | 18% | -5% | 16% | -11% | -32% |
| Net Profit + | 8 | 13 | 46 | 69 | 88 | 92 | 50 | 101 | 192 | 211 | 119 | 41 |
| EPS in Rs | 0.78 | 1.31 | 4.56 | 6.87 | 8.78 | 9.18 | 4.96 | 10.07 | 19.22 | 21.12 | 11.86 | 4.09 |
| Dividend Payout % | 13% | 0% | 4% | 4% | 3% | 2% | 2% | 2% | 2% | 5% | 3% | 0% |
Financials of Satia Industries Ltd
Balance Sheet
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
| Reserves | 81 | 94 | 148 | 213 | 298 | 385 | 435 | 535 | 723 | 922 | 1,039 | 1,078 |
| Borrowings + | 267 | 310 | 204 | 201 | 206 | 272 | 345 | 443 | 436 | 319 | 244 | 313 |
| Other Liabilities + | 49 | 45 | 133 | 159 | 147 | 178 | 211 | 249 | 206 | 153 | 153 | 157 |
| Total Liabilities | 407 | 460 | 496 | 582 | 660 | 845 | 1,001 | 1,237 | 1,374 | 1,404 | 1,445 | 1,558 |
| Fixed Assets + | 204 | 250 | 291 | 312 | 383 | 371 | 432 | 814 | 704 | 855 | 751 | 690 |
| CWIP | 45 | 23 | 10 | 30 | 56 | 215 | 318 | 81 | 138 | 16 | 99 | 257 |
| Investments | 7 | 7 | 3 | 3 | 3 | 3 | 4 | 7 | 7 | 0 | 43 | 95 |
| Other Assets + | 151 | 180 | 192 | 237 | 218 | 256 | 248 | 335 | 526 | 533 | 552 | 516 |
| Total Assets | 407 | 460 | 496 | 582 | 660 | 845 | 1,001 | 1,237 | 1,374 | 1,404 | 1,445 | 1,558 |
Financials of Satia Industries Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 40 | 43 | 112 | 120 | 167 | 150 | 154 | 160 | 282 | 363 | 285 | 233 |
| Cash from Investing Activity + | -114 | -60 | -60 | -84 | -145 | -206 | -224 | -202 | -194 | -171 | -172 | -255 |
| Cash from Financing Activity + | 75 | 17 | -53 | -34 | -23 | 57 | 69 | 43 | -88 | -192 | -109 | 22 |
| Net Cash Flow | 1 | -1 | 0 | 1 | -1 | 1 | -1 | 0 | -1 | -0 | 4 | 0 |
| Free Cash Flow | -61 | -17 | 48 | 35 | 22 | -52 | -68 | -43 | 87 | 185 | 153 | 20 |
| CFO/OP | 64% | 80% | 131% | 112% | 115% | 99% | 116% | 99% | 78% | 96% | 114% | 194% |
Financials of Satia Industries Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 70 | 82 | 71 | 68 | 52 | 60 | 56 | 44 | 37 | 35 | 29 | 32 |
| Inventory Days | 106 | 99 | 43 | 83 | 77 | 55 | 147 | 135 | 65 | 87 | 81 | 85 |
| Days Payable | 64 | 47 | 45 | 70 | 58 | 55 | 80 | 102 | 40 | 32 | 39 | 31 |
| Cash Conversion Cycle | 112 | 134 | 68 | 81 | 71 | 60 | 123 | 77 | 63 | 90 | 71 | 86 |
| Working Capital Days | 30 | 16 | 13 | 25 | 24 | 19 | 23 | 20 | 24 | 35 | 37 | 34 |
| ROCE % | 6% | 7% | 18% | 27% | 28% | 23% | 12% | 16% | 20% | 23% | 10% | 4% |
Guidance history
How Satia Industries Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q4 FY25 call → | 0–10% | Flat | Planned | Planned | Rising |
| Q3 FY24 call → | 10–20% | Up 0–2% | Planned | — | Rising |
| Q2 FY24 call → | 0–10% | Flat | Planned | — | Rising |
| Q1 FY24 call → | 0–10% | Up 0–2% | Planned | Planned | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
25 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −17.0% | 42% |
| Last 6 months | −5.8% | 46% |
| Last 3 months | +3.7% | 73% |
The price is 58.1% below its all-time high of ₹152.75 (28 Oct 2022). Stocks more than 20% below their peak have their score halved, so 50 became 25.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Satia Industries Ltd: 0.4 × 42 + 0.4 × 46 + 0.2 × 73 = 50, halved to 25 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 30 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Satia Industries Ltd's management said in earlier quarters
- Q1 FY26 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
- Q4 FY23 earnings call →
- Q3 FY23 earnings call →
- Q2 FY23 earnings call →
- Q4 FY22 earnings call →
- Q3 FY22 earnings call →
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- Emami Paper Mills Ltd (Q2 FY27)
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