One of the leading paper companies in India gained 4 percent in today’s trade after it bagged multiple orders worth 340 Cr for supply of paper to textbook publishers.
At 1:26 p.m the shares of Satia Industries were trading at Rs. 135.80 a piece up by 4 percent from its previous day close price and the market capitalization of the company is 1,347 Cr.
As per the company’s filing, Satia Industries has bagged multiple orders from Text Book Production and Marketing (Bhuvneshwar), M.P. Text Book Corporation (Bhopal), Rajasthan State Textbook Corporation (Jaipur), Maharashtra State Bureau of Textbook Production & Curriculum Research (MSBT) Pune, for supply of paper of 34000 metric tonnes which is worth over 340 Cr, for printing textbooks.
The company’s revenue increased by 111.44 percent from 890.93 Cr in FY22 to 1,883.74 Cr in FY23, accompanied by increasing profits of 100.67 Cr to 192.17 Cr.
The company has reported a return on equity (ROE) of 30.07 percent and return on capital employed (ROCE) of 20.58 percent, this indicates that the company is making good return on its equity and is making effective utilisation of the company’s resources.
Satia Industries Limited is one of India’s biggest Wood and Agro-based paper plants that manufacture Paper using Wood Chips, Veneer Waste, Wheat Straw and Sarkanda etc, its products are extensively used in the printing of books, directories, envelopes, diaries, calendars, computer stationery, copy etc.
Written by: Bharath K.S
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