🧻 “Banganga Paper: From ₹0 Sales to ₹58 Cr in a Year – But Is It Just a Pump-and-Dump Pulp Fiction?”

Welcome to a stock that looks like it was manufactured by ChatGPT on caffeine. Banganga Paper Industries Ltd is back from the financial graveyard, and it’s doing everything — including solar PPAs, CFO musical chairs, and a 14797% sales growth — except actually convincing us it’s real.

Here comes the full EduInvesting 13-point breakdown — sharp, sarcastic, and stacked with numbers. 🧠👇

1. 🚨 At a Glance

Banganga Paper went from ₹0.39 Cr in revenue (FY24) to ₹58.1 Cr (FY25). The stock is up ~500% from its 52-week low, sports a P/E of 506, and trades at 61x book value. 🧻 Either they’re reinventing Kraft paper… or it’s one hell of a pump.

2. 🎣 WTF Do They Even Do?

They manufacture kraft paper and corrugated board materials at a facility in Nashik (via subsidiary Banganga Paper Mills). This includes:

• Paper cones
• Carton boards
• Corrugated box kraft sheets
• All made with recycled paper + reused water (90-95%)

✅ ESG vibes.
❌ But FY24 sales were basically zero, so… ESG of what?

3. 💰 Financials – Profit, Margins, YOY

Yes, that’s 14,797% revenue growth and 9,500% PAT growth.
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