Subam Papers Ltd

Subam Papers Ltd. – Company Report


1. Company Overview


Subam Papers Ltd., established in 2005 and headquartered in Tirunelveli, Tamil Nadu, is a leading Indian manufacturer specializing in sustainable paper packaging solutions. Over the last two decades, the company has grown from a 30 TPD production unit to a group-level installed capacity exceeding 1,000 TPD across multiple locations. Subam Papers is recognized as one of South India’s largest suppliers of kraft paper, duplex boards, paper cones, paper tubes, and corrugated boxes, serving both domestic and export markets.

Subam Papers emphasizes eco-conscious manufacturing by utilizing waste paper as its primary raw material. An experienced management team, customer-focused innovation, and investments in capacity expansion have positioned the company as a preferred partner for a diverse set of industries. The company is publicly listed and maintains compliance with Indian manufacturing and environmental standards.

  • Incorporated: 2005
  • Headquarters: Tirunelveli, Tamil Nadu, India
  • Certifications: Aligned with national and environmental standards
  • Core Focus: Kraft paper, duplex boards, paper products, corrugated packaging
  • Installed Capacity (Group): 1,000+ TPD (2025)
  • Market Capitalization (July 2025): ~₹183 crore
  • Prominent Leadership: T. Balakumar – Chairman & Managing Director

2. Products and Services


Subam Papers Ltd. offers a wide portfolio of paper and packaging solutions crafted for strength, sustainability, and versatility:

  • Kraft Papers Recycled liners and fluting media (GSM 120–300, BF 16–24), used in corrugated boxes, grocery bags, and multiwall sacks.

  • Duplex Boards Multi-layered boards in various shades, ideal for retail cartons, folding cartons, posters, and printed materials.

  • Paper Cones & Tubes Sturdy winding solutions for yarn, fabrics, adhesives, and industrial packaging, customizable in wall thickness and sizes.

  • Corrugated Boxes Custom and standard boxes for transport, e-commerce, and fragile goods, built for impact resistance.

  • Sustainability & Custom Solutions All products are manufactured using recycled inputs. Custom offerings serve FMCG, textiles, agro-products, foods, and logistics sectors.

Subam Papers also delivers design and application consulting for custom packaging aligned with client-specific sustainability goals.


3. Recent News and Financial Performance


Recent News

  • Strategic capacity expansions underway to reinforce leadership in kraft paper and board segments.
  • Group-level investments in 2025 aimed at diversifying offerings and increasing throughput.
  • Management continues to be recognized for operational discipline and innovation in paper recycling.

4. Financial Performance (FY2025)


Metric FY2025 Value
Revenues ₹546.2 crore
Net Profit ₹27 crore
Operating Profit Margin 12%
Net Profit Margin ~5%
EPS ₹11.49
Dividend Not declared (reinvestment-focused)
Return on Equity (ROE) 10%
Debt Controlled; expansion is cash-flow driven

Financial Summary

FY2025
MetricCompanyIndustry Avg.
Price / Sales0.371.58
EV / EBITDA4.4610.96
Debt / Equity0.510.54
ROE %10.2918
ROCE %13.120.29
P / B0.622.65
Div Yld %00.58
P/E7.4317.38
OPM %12.2713.12
Qtr Sales Growth YOY %024.6
Qtr Profit Growth YOY %061.5
ROA LAST 12M %5.1512.24
Prom. Hold. %69.6769.09
Sales 3Yrs CAGR %17.8718.24
Sales 5Yrs CAGR %021.27
Profit 3Yrs CAGR %0.5722.37
Profit 5Yrs CAGR %030.41

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