---
title: "Shree Rama Newsprint Ltd (RAMANEWS) — Share Price, Financials & Analysis"
symbol: "RAMANEWS"
company: "Shree Rama Newsprint Ltd"
canonical: "https://tapetide.com/stocks/RAMANEWS"
isin: "INE278B01020"
nse_symbol: "RAMANEWS"
bse_code: "500356"
sector: "Forest Materials"
industry: "Paper & Paper Products"
market_cap_cr: 461.3
generated_at: "2026-09-13T18:32:40.418Z"
---

# Shree Rama Newsprint Ltd (RAMANEWS)

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

## Company

- **NSE Symbol:** RAMANEWS
- **BSE Code:** 500356
- **ISIN:** INE278B01020
- **Sector:** Forest Materials
- **Industry:** Paper & Paper Products
- **Macro Sector:** Commodities
- **Stock Type:** EQUITY
- **Listed Since:** 2006-09-20
- **CEO:** Mr. Siddharth Ganpatraj Chowdhary
- **Employees:** 51
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** ramanewsprint.com

## About

Incorporated in 1993, Shree Rama Newsprint Ltd is in the business of manufacturing and selling of Newsprint and Writing & printing papers. It also operates a Water bottle plant[1]

## Latest Price

- **Price:** ₹30.95
- **Change:** -1.2 (-3.73%)
- **Open:** ₹32.79
- **Day High:** ₹32.79
- **Day Low:** ₹30.52
- **Previous Close:** ₹32.15
- **Volume:** 55690
- **As Of:** 2026-09-11T10:01:42+00:00

## Key Fundamentals

Observed at 2026-09-11T04:50:47.365559Z.

- **Market Cap:** ₹461.3 Cr
- **Classification:** Microcap
- **P/E (reported):** -6.9
- **EPS (TTM):** ₹-4.66
- **Book Value:** ₹-5.6
- **Price to Book:** -5.77
- **Dividend Yield:** 0%
- **ROE:** 41.09%
- **ROCE:** 0.93%
- **Debt to Equity:** 0.06
- **Revenue (yearly):** ₹39.6 Cr
- **Net Income:** ₹-33.9 Cr
- **EBITDA:** ₹7.1 Cr
- **52-Week High:** ₹42
- **52-Week Low:** ₹27.05
- **RSI (14):** 51.49

## Tapetide Score

- **Score:** 36 / 100
- **Score date:** 2026-09-04
- **Archetype:** No Dominant Pattern
- **What it means:** The three pillars do not combine into a recognisable pattern. Read them individually rather than looking for one story — the lack of a pattern is itself the finding.
- **Pillar profile:** Quality: Weak · Valuation: Fair · Momentum: Flat
- **Percentile:** 7.3 (of 4473 scored stocks)
- **Confidence:** 86%
- **Data coverage:** 71%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 10.14 | 9% |
| growth | 14.8 | 9% |
| momentum | 54.74 | 12% |
| ownership | 50 | 24% |
| quality | 16.67 | 22% |
| valuation | 51.67 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -34.2% over past five years.
- Debtor days have increased from 45.0 to 64.8 days.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -111.89% | -108.26% | -110.14% |
| ebitda margin growth | 99.28% | -24.81% | 10.77% | 101.34% |
| net income growth | 72.3% | 18.53% | 3.04% | 9% |
| revenue growth | 14% | -18.85% | -11% | -34% |
| roce | — | -47.16% | 34.78% | 0.65% |
| roe | — | -79.75% | 69.45% | — |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 9 | 13 | 13 | 11 | 9 | 12 | 11 | 9 | 7 | 9 | 8 | 10 |
| Expenses | 9 | 10 | 11 | 10 | 8 | 10 | 10 | 8 | 7 | 8 | 10 | 10 |
| Operating Profit | 0 | 3 | 2 | 2 | 1 | 2 | 2 | 1 | 0 | 1 | -2 | -1 |
| OPM % | 1.9 | 22 | 19 | 16 | 16 | 16 | 16 | 11 | 3.2 | 8 | -22 | -8 |
| Other Income | -2 | -3 | -7 | -2 | -1 | -72 | 3 | -1 | 0 | -1 | -26 | 1 |
| Interest | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | -13 | -10 | -15 | -10 | -10 | -81 | -5 | -10 | -10 | -10 | -38 | -10 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -13 | -10 | -15 | -10 | -10 | -81 | -5 | -10 | -10 | -10 | -38 | -10 |
| EPS in Rs | -0.85 | -0.68 | -1.03 | -0.69 | -0.68 | -5.47 | -0.36 | -0.7 | -0.69 | -0.69 | -2.57 | -0.71 |

### Profit & Loss

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

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 434 | 504 | 337 | 265 | 32 | 47 | 47 | 44 | 33 | 33 |
| Expenses | 424 | 415 | 328 | 281 | 29 | 42 | 40 | 37 | 32 | 35 |
| Operating Profit | 10 | 88 | 9 | -16 | 3 | 4 | 7 | 7 | 0 | -2 |
| OPM % | 2.3 | 18 | 2.6 | -6 | 9 | 10 | 14 | 16 | 0.7 | -4.6 |
| Other Income | 6 | 2 | 4 | 3 | -68 | -118 | -14 | -73 | -28 | -26 |
| Interest | 25 | 29 | 32 | 37 | 0 | 0 | 37 | 36 | 37 | 37 |
| Depreciation | 23 | 23 | 25 | 27 | 4 | 4 | 4 | 4 | 4 | 4 |
| Profit before tax | -32 | 38 | -45 | -77 | -70 | -118 | -48 | -106 | -69 | -69 |
| Tax % | -6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Net Profit | -30 | 38 | -45 | -77 | -70 | -118 | -48 | -106 | -69 | -69 |
| EPS in Rs | -2.03 | 2.59 | -3.03 | -5.22 | -4.73 | -8.01 | -3.28 | -7.21 | -4.65 | -4.66 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

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

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 148 | 148 | 148 | 148 | 148 | 148 | 148 | 148 | 148 | 148 |
| Reserves | 294 | 265 | 303 | 258 | 181 | 111 | -7 | -55 | -162 | -230 |
| Borrowings | 244 | 305 | 332 | 393 | 447 | 480 | 361 | 364 | 361 | 376 |
| Other Liabilities | 112 | 76 | 82 | 93 | 95 | 66 | 123 | 144 | 168 | 171 |
| Total Liabilities | 798 | 793 | 863 | 891 | 871 | 804 | 625 | 600 | 515 | 465 |
| Fixed Assets | 663 | 646 | 626 | 660 | 706 | 687 | 349 | 345 | 341 | 336 |
| CWIP | 2 | 16 | 56 | 66 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 133 | 130 | 181 | 166 | 165 | 117 | 276 | 255 | 174 | 128 |
| Total Assets | 798 | 793 | 863 | 891 | 871 | 804 | 625 | 600 | 515 | 465 |

### Cash Flow

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

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 11 | -15 | 48 | 36 | -11 | 11 | 30 | 13 | 9 | -1 |
| Cash from Investing Activity | -3 | -21 | -46 | -65 | -7 | -10 | 2 | 6 | 4 | 21 |
| Cash from Financing Activity | -9 | 35 | -2 | 29 | 18 | -1 | -32 | -19 | -13 | -18 |
| Net Cash Flow | -1 | -1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Free Cash Flow | 5 | -36 | 5 | -32 | -18 | 1 | 30 | 19 | 13 | 20 |
| CFO/OP | 67 | -155 | 54 | 415 | 69 | 377 | 673 | 200 | 127 | -764 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 24 | 20 | 21 | 35 | 38 | 274 | 64 | 30 | 40 | 65 |
| Inventory Days | 114 | 77 | 139 | 140 | 213 | 1324 | 80 | 84 | 99 | 151 |
| Days Payable | 170 | 90 | 105 | 130 | 182 | 1159 | 117 | 100 | 90 | 300 |
| Cash Conversion Cycle | -32 | 7 | 55 | 44 | 68 | 439 | 27 | 15 | 49 | -84 |
| Working Capital Days | -88 | -114 | -99 | -239 | -387 | -3889 | 152 | -214 | -525 | -1371 |
| ROCE % | 1 | -1 | 9 | -2 | -5 | 0 | 0 | 1 | 2 | 1 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 74.76% | 74.76% | 74.76% | 74.76% | 74.76% | 74.76% | 74.76% | 74.76% | 74.76% | 74.76% | 74.76% | 74.76% |
| FIIs | 0.05% | 0.06% | 0.06% | 0.05% | 0.08% | 0.05% | 0.05% | 0.05% | 0.43% | 0.43% | 0.43% | 0.43% |
| DIIs | 1.57% | 1.57% | 1.57% | 1.57% | 1.57% | 1.57% | 1.57% | 1.57% | 1.57% | 1.57% | 1.57% | 1.57% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 18.45% | 18.84% | 18.87% | 18.78% | 18.8% | 18.98% | 19.78% | 18.89% | 18.07% | 18.33% | 18.45% | 18.42% |
| Others | 5.17% | 4.77% | 4.73% | 4.83% | 4.79% | 4.64% | 3.84% | 4.72% | 5.16% | 4.91% | 4.78% | 4.82% |
| No. of Shareholders | 84386 | 85693 | 88148 | 86630 | 87019 | 87107 | 86456 | 85256 | 84467 | 83587 | 82950 | 82480 |

## 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 / 5 / 10

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 32.03 | Sell |
| EMA (10) | 32.08 | Sell |
| SMA (20) | 32.12 | Sell |
| EMA (20) | 31.99 | Sell |
| SMA (50) | 30.92 | Buy |
| EMA (50) | 31.37 | Sell |
| SMA (100) | 30.55 | Buy |
| EMA (100) | 31.09 | Sell |
| SMA (200) | 31.18 | Sell |
| EMA (200) | 31.21 | Sell |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 45.01 | Neutral |
| MACD (12,26,9) | 0.23 | Sell |
| Stochastic (14,3,3) | 39.53 | Neutral |
| ADX (14) | 13.74 | Neutral |
| Williams %R (14) | -83.53 | Buy |
| ATR (14) | 1.7 | High Volatility |
| ROC (12) | -2.7 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 44.03 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-01 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=639dbb8c-ccda-4512-987d-5a4c1a426fa2.pdf) |
| 2026-09-01 | [Notice Convening 35Th Annual General Meeting ("AGM")](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=85f1f355-7bd6-409e-b885-5a0bd33dcd43.pdf) |
| 2026-08-14 | [Announcement Under Regulation 30 Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ff75f463-c022-45e7-b4fc-70e8d394b3e4.pdf) |
| 2026-08-13 | [Board Meeting Outcome for Outcome Of Board Meeting Of Shree Rama Newsprint Limited](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=31e9bbad-f1a0-449d-a02b-9021604abb2c.pdf) |
| 2026-08-10 | [Board Meeting Intimation for Approval Of Unaudited Financial Results For The Quarter Ended On 30Th June 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=edebac39-ada3-4cf3-af47-bc9a615dfa78.pdf) |
| 2026-08-04 | [Announcement Under Regulation 30 (LODR)- Updates (Partial Redemption Of Unlisted Secured Redeemable Zero Coupon Non-Convertible Debentures Of Face Value Of Rs.1000/- Each [Zcds]).](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8719ff63-1351-494a-85b7-95dd40512123.pdf) |
| 2026-07-06 | [Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3693053e-cf50-4944-860d-99c9f6596438.pdf) |
| 2026-06-30 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=adbd9cda-2322-403e-80d4-2b3c81ecb9fe.pdf) |
| 2026-06-30 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c6655880-048d-4023-921f-041388cc78eb.pdf) |
| 2026-06-02 | [Shareholder Meeting / Postal Ballot-Notice of Postal Ballot](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1242ce79-e5e7-4b2a-997b-d45aa2f4363c.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-13 | [Results- Financial Results For June 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=63e16ff1-8ead-4f4c-ab96-9b1b96628e64.pdf) |
| 2026-05-25 | [Results - Financial Results For Mar 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3468467c-16b5-498d-9e3e-a05ae30eccb7.pdf) |
| 2026-02-07 | [Results - Financial Results For The Quarter Ended December 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=49959fa9-4fdc-4ee6-90b0-fc4373d5a381.pdf) |
| 2025-11-13 | [Results- Financial Results For Sep 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e15ab21a-30e8-40cd-adc6-36c348e010ee.pdf) |
| 2025-08-12 | [Results- Financial Results For June 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4efaff31-6d57-4db4-b45e-68797eeb30e6.pdf) |
| 2025-05-29 | [Results - Financial Results For The Year Ended 31.03.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=dc741544-bedc-47f1-9e98-6b3a7b9f34d6.pdf) |
| 2025-02-05 | [Results - Financial Results For December 31 2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5a5c459f-53ca-4ec7-9ac7-dfe6e364d41d.pdf) |
| 2024-11-11 | [Results- Financial Results For Sep 30, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=69f75029-9743-4b05-ba0f-d7ead0b8aef2.pdf) |
| 2024-08-14 | [Results- Financial Results For June 30, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=751f64d8-7293-44eb-85ee-150002021565.pdf) |
| 2024-05-20 | [Results- Financial Results For Quarter And Financial Year Ended 31St March, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=58ee077b-b5da-4f32-8dc0-776cfce715eb.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 9 Feb - Appellate Authority quashed Collector Surat order (01.05.2025) and remanded matter; received 09.02.2026. | [Announcement Under Regulation 30 (LODR) - Updates 9 Feb - Appellate Authority quashed Collector Surat order (01.05.2025) and remanded matter; received 09.02.2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1326b2bd-0746-4763-a802-d7181d45630f.pdf) |
| 8 Feb - Mr Kanhaiyalal Chandak ceased as Independent Director effective COB 8 Feb 2026 after completing second, final term. | [Announcement Under Regulation 30 (LODR)- Updates (Cessation Of Mr. Kanhaiyalal Chandak, Independent Director Due To Completion Of Tenure.) 8 Feb - Mr Kanhaiyalal Chandak ceased as Independent Director effective COB 8 Feb 2026 after completing second, final term.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/afa7b554-6465-4dcb-a256-d7163b8c251b.pdf) |
| 7 Feb - Q3 FY2026: Nine-month total comprehensive loss Rs3,065.01 lakh; current liabilities exceed assets by Rs11,675.13 lakh; Independent director appointed. | [Announcement Under Regulation 30 (LODR) - Updates (Appointment Of Independent Director) 7 Feb - Q3 FY2026: Nine-month total comprehensive loss Rs3,065.01 lakh; current liabilities exceed assets by Rs11,675.13 lakh; Independent director appointed.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f760ee95-7417-4a7a-a841-0b9b2414e795.pdf) |
| 28 Feb - 28 Feb 2026: Company states no undisclosed material information; price movement market-driven. | [Reply To Clarification Sought On Price Movement 28 Feb - 28 Feb 2026: Company states no undisclosed material information; price movement market-driven.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c48d2928-6f8c-45a6-a897-744e19fd2180.pdf) |
| 2 Apr - Mr. Harshadbhai Patel resigned as Independent Director effective 2 April 2026 due to personal reasons. | [Announcement under Regulation 30 (LODR)-Resignation of Director 2 Apr - Mr. Harshadbhai Patel resigned as Independent Director effective 2 April 2026 due to personal reasons.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/68b80c0d-50a0-481f-bdbd-a83d6cec0a39.pdf) |
| — | [Closure of Trading Window 30 Mar](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c4ac3bed-a716-4649-9a34-c9e0f69171a3.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2013 from nse](https://archives.nseindia.com/annual_reports/AR_1326_RAMANEWS_2012_2013_03092013091359.zip) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c0ca8528-9d79-4cf9-9cc7-3ce77b4a51d1.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/681fa7a6-3ffc-4ea8-978e-82545905d8bd.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/824ea346-a6ca-47fa-a2d7-cad03e4c3737.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/500356/74798500356.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/500356/69799500356.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/500356/65594500356.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/500356/5003560319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/500356/5003560318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/500356/5003560317.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 2026-09-13T18:32:40.418Z.