---
title: "Pitambar Coated Papers Ltd (530785) — Share Price, Financials & Analysis"
symbol: "530785"
company: "Pitambar Coated Papers Ltd"
canonical: "https://tapetide.com/stocks/530785"
isin: "INE189C01019"
bse_code: "530785"
sector: "Commodities"
industry: "Paper, Forest & Jute Products"
generated_at: "2026-09-13T18:50:13.467Z"
---

# Pitambar Coated Papers Ltd (530785)

Canonical page: https://tapetide.com/stocks/530785

## Company

- **BSE Code:** 530785
- **ISIN:** INE189C01019
- **Sector:** Commodities
- **Industry:** Paper, Forest & Jute Products
- **Macro Sector:** Commodities
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No

## About

Pitambar Coated Papers is engaged in manufacturing, supply and distribution of single-sided and double-sided coated paper, as well as paper boards products.

## Latest Price

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -5.11% over past five years.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 36% | 8% | 2% |
| revenue growth | 10% | 2% | -5% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2013 | Jun 2013 | Sep 2013 | Dec 2013 | Mar 2014 | Jun 2014 | Sep 2014 | Dec 2014 | Jun 2015 | Sep 2015 | Dec 2015 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 1.98 | 1.31 | 0.74 | 0.99 | 0.97 | 0.67 | 0.56 | 1.83 | 1.45 | 1.8 | 1.66 |
| Expenses | 1.95 | 1.08 | 0.79 | 0.91 | 1.07 | 0.71 | 0.58 | 2.4 | 1.4 | 1.72 | 1.61 |
| Operating Profit | 0.03 | 0.23 | -0.05 | 0.08 | -0.1 | -0.04 | -0.02 | -0.57 | 0.05 | 0.08 | 0.05 |
| OPM % | 1.52 | 17.56 | -6.76 | 8.08 | -10.31 | -5.97 | -3.57 | -31.15 | 3.45 | 4.44 | 3.01 |
| Other Income | 0.08 | 0 | 0 | 0.15 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0.03 | 0.01 | 0.01 | 0.01 | 0.03 | 0 | 0 | 0.01 | 0 | 0 | 0 |
| Depreciation | 0.27 | 0.27 | 0.27 | 0.27 | 0.12 | 0.21 | 0.21 | 0.3 | 0.2 | 0.27 | 0.27 |
| Profit before tax | -0.19 | -0.05 | -0.33 | -0.05 | -0.25 | -0.25 | -0.23 | -0.88 | -0.15 | -0.19 | -0.22 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -0.19 | -0.05 | -0.33 | -0.05 | -0.25 | -0.25 | -0.23 | -0.88 | -0.15 | -0.19 | -0.22 |
| EPS in Rs | -0.24 | -0.06 | -0.41 | -0.06 | -0.31 | -0.31 | -0.29 | -1.11 | -0.19 | -0.24 | -0.28 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 17.29 | 9.51 | 8.45 | 5.82 | 6.09 | 3.45 | 5.89 | 6.5 |
| Expenses | 15.5 | 9.04 | 8.64 | 6.15 | 6.31 | 4.07 | 6.11 | 6.45 |
| Operating Profit | 1.79 | 0.47 | -0.19 | -0.33 | -0.22 | -0.62 | -0.22 | 0.05 |
| OPM % | 10.35 | 4.94 | -2.25 | -5.67 | -3.61 | -17.97 | -3.74 | 0.77 |
| Other Income | 0.04 | 1.64 | 0.36 | 0.28 | 0.23 | 0.04 | 0 | 0 |
| Interest | 0.25 | 0.63 | 0.02 | 0.04 | 0.05 | 0.04 | 0 | 0 |
| Depreciation | 1.05 | 1.06 | 1.07 | 1.07 | 1.07 | 1.02 | 1.09 | 0.89 |
| Profit before tax | 0.53 | 0.42 | -0.92 | -1.16 | -1.11 | -1.64 | -1.31 | -0.84 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | 0.53 | 0.42 | -0.92 | -1.16 | -1.11 | -1.64 | -1.31 | -0.84 |
| EPS in Rs | 0.67 | 0.53 | -1.16 | -1.46 | -1.39 | -2.06 | -1.64 | -1.05 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 8.03 | 0.8 | 0.8 | 2.38 | 2.38 | 2.38 | 2.38 | 2.38 |
| Reserves | -8.22 | 2 | 1.08 | -1.66 | -2.76 | -4.4 | -5.71 | -6.55 |
| Borrowings | 12.8 | 10.55 | 10.67 | 10.68 | 10.67 | 10.04 | 9.67 | 9.71 |
| Other Liabilities | 3.45 | 1.99 | 1.52 | 1.74 | 1.46 | 0.92 | 1.65 | 0.88 |
| Total Liabilities | 16.06 | 15.34 | 14.07 | 13.14 | 11.75 | 8.94 | 7.99 | 6.42 |
| Fixed Assets | 12.61 | 11.79 | 10.74 | 9.68 | 8.45 | 6.49 | 4.64 | 3.75 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0.01 | 0.01 | 0 | 0 | 0.01 | 0.01 |
| Other Assets | 3.45 | 3.55 | 3.32 | 3.45 | 3.3 | 2.45 | 3.34 | 2.66 |
| Total Assets | 16.06 | 15.34 | 14.07 | 13.14 | 11.75 | 8.94 | 7.99 | 6.42 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0.82 | 0.88 | -0.02 | 0.03 | -0.2 | -0.1 | -0.5 | -0.05 |
| Cash from Investing Activity | -0.08 | -0.23 | -0.02 | -0.03 | 0.16 | 0.94 | 0.76 | 0 |
| Cash from Financing Activity | -0.88 | -0.76 | 0.09 | 0.01 | -0.07 | -0.66 | -0.4 | 0.02 |
| Net Cash Flow | -0.14 | -0.11 | 0.05 | 0.01 | -0.11 | 0.18 | -0.14 | -0.02 |
| Free Cash Flow | 0.74 | 0.65 | -0.04 | 0.02 | -0.04 | 0.84 | 0.26 | -0.05 |
| CFO/OP | 46 | 187 | 11 | -9 | 91 | 16 | 227 | -100 |

### Ratios

| Item | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 21.95 | 36.46 | 43.2 | 52.68 | 63.53 | 65.59 | 87.38 | 59.52 |
| Inventory Days | 64.04 | 135.85 | 131.99 | 181.11 | 93.45 | 164.68 | — | — |
| Days Payable | 84.03 | 91.25 | 79.03 | 98.87 | 59.59 | 78.65 | — | — |
| Cash Conversion Cycle | 1.97 | 81.06 | 96.15 | 134.92 | 97.39 | 151.62 | 87.38 | 59.52 |
| Working Capital Days | -3.8 | 57.19 | 72.57 | 100.34 | 108.48 | 140.71 | 101.63 | 98.27 |
| ROCE % | — | 8.09 | -6.95 | -9.35 | -9.77 | -17.48 | -18.25 | -14.14 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 46.28% | 46.28% | 46.28% | 46.28% | 46.28% | 46.28% | 46.28% | 46.28% | 46.28% | 46.28% |
| FIIs | 4.08% | 4.04% | 2.61% | 2.02% | 1.36% | 1.82% | 2.07% | 2.1% | 1.71% | 0.96% |
| DIIs | 4.05% | 5.75% | 6.83% | 6.97% | 4.01% | 1.68% | 1.51% | 3.13% | 4.17% | 4.75% |
| Government | 0% | 0.25% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 45.59% | 43.68% | 44.28% | 44.73% | 48.35% | 50.22% | 50.13% | 48.48% | 47.84% | 48.01% |
| No. of Shareholders | 57142 | 50385 | 57005 | 57582 | 64304 | 77773 | 84097 | 82719 | 74643 | 68436 |

### Quarterly

| Category | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 46.28% | 46.28% | 46.28% | 46.28% | 46.28% | 46.28% | 46.28% | 46.28% | 46.28% | 46.28% | 46.28% | 46.28% |
| FIIs | 2.07% | 1.98% | 1.88% | 2.07% | 2.1% | 1.92% | 1.94% | 1.79% | 1.71% | 1.02% | 1.02% | 0.96% |
| DIIs | 1.51% | 1.51% | 1.96% | 2.17% | 3.13% | 3.46% | 3.76% | 4.14% | 4.17% | 4.35% | 4.52% | 4.75% |
| Public | 50.13% | 50.22% | 49.88% | 49.49% | 48.48% | 48.34% | 48.01% | 47.79% | 47.84% | 48.36% | 48.16% | 48.01% |
| No. of Shareholders | 84097 | 85393 | 88020 | 86698 | 82719 | 79560 | 78681 | 75697 | 74643 | 75202 | 70371 | 68436 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 4 / 3 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 41.33 | Sell |
| EMA (10) | 40.64 | Sell |
| SMA (20) | 43.41 | Sell |
| EMA (20) | 41.96 | Sell |
| SMA (50) | 43.91 | Sell |
| EMA (50) | 44.32 | Sell |
| SMA (100) | 48.97 | Sell |
| EMA (100) | 47.82 | Sell |
| SMA (200) | 55.11 | Sell |
| EMA (200) | 53.09 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 31.79 | Neutral |
| MACD (12,26,9) | -1.41 | Sell |
| Stochastic (14,3,3) | 2.17 | Buy |
| ADX (14) | 20.26 | Neutral |
| Williams %R (14) | -96.03 | Buy |
| ATR (14) | 2.8 | High Volatility |
| ROC (12) | -18.45 | Sell |
| Stoch RSI (14) | 4.16 | Buy |
| UO (7,14,28) | 24.4 | Buy |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 7 Feb - Newspaper Clippings of the extract of Standalone & Consolidated Un -Audited (Provisional) Financial Results for the Third Quarter and Nine Months ended on 31st December, … | [Announcement under Regulation 30 (LODR)-Newspaper Publication 7 Feb - Newspaper Clippings of the extract of Standalone & Consolidated Un -Audited (Provisional) Financial Results for the Third Quarter and Nine Months ended on 31st December, …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a78c73e9-cb20-4f4e-b03b-514e46ce03ee.pdf) |
| 6 Feb - Q3 results (31 Dec 2025); approved Rs.390Cr boilers, Rs.560Cr phosphoric plant, Rs.80Cr KOH expansion; Rs.250Cr credit. | [Installation Of 33870 TPA (85% H3PO4) Food Grade Phosphoric Acid Plant. 6 Feb - Q3 results (31 Dec 2025); approved Rs.390Cr boilers, Rs.560Cr phosphoric plant, Rs.80Cr KOH expansion; Rs.250Cr credit.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/14c805b2-9360-4689-b426-1c9b6a45aa48.pdf) |
| 6 Feb - Board approved Q3 results; capex: Rs.560Cr phosphoric plant, Rs.389Cr boilers, Rs.80Cr KOH expansion; Rs.250Cr credit facility. | [Internal Relocation Of Electrolysers Of Caustic Soda (Naoh) And Caustic Potash (KOH) At Vadodara Complex Together With Enhancement Of Capacity Of KOH Production From 120 TPD To 200 TPD 6 Feb - Board approved Q3 results; capex: Rs.560Cr phosphoric plant, Rs.389Cr boilers, Rs.80Cr KOH expansion; Rs.250Cr credit facility.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2858d252-a6bf-4a40-a879-badbcfc81cbd.pdf) |
| 25 Nov 2015 - Pitambar Coated Papers Ltd has informed BSE about the Shareholding Pattern as on September 30, 2015. | [Shareholding Pattern for September 30, 2015 25 Nov 2015 - Pitambar Coated Papers Ltd has informed BSE about the Shareholding Pattern as on September 30, 2015.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=48AB323C_3144_4803_A969_701FC359CC58_081049.pdf) |
| 25 Nov 2015 - Pitambar Coated Papers Ltd has informed BSE about the Shareholding Pattern as on September 30, 2015. | [Shareholding Pattern for September 30, 2015 25 Nov 2015 - Pitambar Coated Papers Ltd has informed BSE about the Shareholding Pattern as on September 30, 2015.](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2015/11/48AB323C_3144_4803_A969_701FC359CC58_081049.pdf) |
| 25 Feb - Special window from 05 Feb 2026 to 04 Feb 2027 for transfer/demat of physical securities per SEBI circular. | [Newspaper Advertisements 25 Feb - Special window from 05 Feb 2026 to 04 Feb 2027 for transfer/demat of physical securities per SEBI circular.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c81fe8bc-f80b-427a-8935-593a72810c5b.pdf) |
| 24 Feb - Investors Presentation on Company''s website for the benefit of Investors/Shareholders at large. For more details kindly refer attached file. | [Announcement under Regulation 30 (LODR)-Investor Presentation 24 Feb - Investors Presentation on Company''s website for the benefit of Investors/Shareholders at large. For more details kindly refer attached file.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/24505fd5-fe78-4a89-a05a-e3c945a563fe.pdf) |
| 18 Feb - Postal ballot to appoint Sanjay Joshi as independent director (Jan 1, 2026–Dec 31, 2030); voting Feb 20–Mar 21, 2026. | [Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 18 Feb - Postal ballot to appoint Sanjay Joshi as independent director (Jan 1, 2026–Dec 31, 2030); voting Feb 20–Mar 21, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fde64c02-dff5-4ad1-8f04-51048287afdc.pdf) |
| 13 Feb - One-on-one virtual meeting with MERIDIAN CHEM BOND PVT LTD on 20.02.2026. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 13 Feb - One-on-one virtual meeting with MERIDIAN CHEM BOND PVT LTD on 20.02.2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4843ef6c-b711-4d58-a8f1-755f5d05fb5b.pdf) |
| 13 Feb - GACL inaugurated pipeline to NOCIL supplying ~20,000 Nm³/day; 5-year contract, ~Rs.9 Crore annual revenue. | [Inauguration Of Hydrogen Supply Pipeline To NOCIL Limited (NOCIL) At Dahej. 13 Feb - GACL inaugurated pipeline to NOCIL supplying ~20,000 Nm³/day; 5-year contract, ~Rs.9 Crore annual revenue.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e7cbbf35-7e13-4882-bc8e-019107790e17.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9cb83a4b-38f0-4798-8393-aa6631139d68.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5d977265-d2f9-4221-aa82-1349205b323a.pdf) |
| Nov 2021 | [Concall - Nov 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/59a7d0df-0889-4638-89e9-508cf2da1933.pdf) |
| Nov 2019 | [Concall - Nov 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/aa8c7011-3e6a-493c-a38f-d88ed6a66a71.pdf) |
| May 2021 | [Concall - May 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9caff96f-9f8e-45a8-a36f-764368ea788a.pdf) |
| Mar 2017 | [Concall - Mar 2017](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/3/297a7441-7c41-4c7b-919d-d3fe235fcab0.pdf) |
| Jun 2023 | [Concall - Jun 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2153f1e2-ba06-41e1-9fe3-1da0f7479744.pdf) |
| Jun 2022 | [Concall - Jun 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d7f14c4a-7a12-4d59-8dad-27fba6792e1c.pdf) |
| Jun 2020 | [Concall - Jun 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fae730c2-6f50-425a-b1a3-2ef565f3f0ee.pdf) |
| Jun 2019 | [Concall - Jun 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/bca379c7-0139-4d7b-9c90-2f70f4c8ab6b.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2011 from nse](https://archives.nseindia.com/annual_reports/AR_GUJALKALI_2010_2011_13092011034343.zip) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c66176ac-0061-48e6-9ef0-f2079c54bb60.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fc793d9a-22ae-4211-863e-89eab5627299.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/19a25832-da97-4f3d-99ff-4c064c52e9d2.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/530001/75366530001.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/530001/69914530001.pdf) |
| from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/530001/64981530001.pdf) |
| from bse | [Financial Year 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/530001/5300010319.pdf) |
| from bse | [Financial Year 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/530001/5300010318.pdf) |
| from bse | [Financial Year 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/530001/5300010317.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:50:13.467Z.