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Prices as of 8 Oct 2026 close · Not investment advice

ANDHRA PAPER LIMITED

NSE: ANDHRAPAPPaper & Paper Products

Share price

₹67.21

-0.36% close of 9 Oct 2026

Market cap ₹1,336 CrP/E 48.2 (as of 8 Oct 2026)

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 7 Oct 2026, the close above is 9 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

40

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹1,336 Cr

P/E ratio

48.2

P/B ratio

0.7

ROCE

0.0%

ROE

1.0%

Dividend yield

0.7%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 9 Oct 2026 close52-week high ₹79.4252-week low ₹58.43

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 5.1% over the past year, and 6.6% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales slipped from 18.6% to 4.7% over the last four years.

Whether it grew faster than its sector

It grew 6.6% a year against a sector median of 10.3% — 3.7 percentage points slower.

Room to re-rate, or risk of de-rating

At 48.2× earnings it costs 2.0× the market, which pays 23.9× across 2199 companies we can price. Its own industry sits at 17.9×, across 5 companies. It is against its own five-year median of 8.6×, the 100th percentile of its own range.

Whether growth justifies the valuation

Its earnings are falling, so growth cannot justify the price.

Profit growthPrice per ₹1 profitPer 1% growth
ANDHRA PAPER LIMITED — this one-67%/yr48.2×—
JK Paper Limited-40%/yr20.3×—
West Coast Paper Mills Limited-46%/yr20.2×—
Seshasayee Paper and Boards Limited-41%/yr13.9×—
N R Agarwal Industries Limited-22%/yr17.9×—
Tamil Nadu Newsprint & Papers Limited-14%/yr3.6×—

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Paper & Paper Products), it ranks 18 of 22 on returns, 17 of 22 on growth, 16 of 22 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

No durable advantage shows in the numbers: it earns 0.0% on capital, ahead of 18% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

Yes — Over the last five years it made ₹1106 crore of cash from the business, spent ₹1048 crore on plant and equipment, and returned ₹33 crore to lenders and shareholders. And the profit is real: of every 100 rupees it reported over 12 years, about 139 arrived as cash (before interest, which is why it can exceed the profit).

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

7 of 9 checks clear · 78%

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Announced 4 Aug 2026 · Standalone · Unaudited

Revenue

₹394 Cr

Revenue vs last year

+0.2%

Revenue vs last quarter

-25.3%

Net profit

₹30 Cr

Profit vs last year

+44.4%

Profit vs last quarter

+278.9%

Net margin

7.7%

EPS

₹1.52

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹1,336 Cr
Prev close
₹67.21
52w High
₹81.5
52w Low
₹58.0
Enterprise value
₹1,572 Cr
Beta
0.9
Price CAGR 1y
-15.0%
Price CAGR 3y
-16.0%
Price CAGR 5y
7.0%
Price CAGR 10y
1.0%

Ratios

Return on assets
0.7%
PEG ratio
-1.1
P/E ratio
48.2
P/B ratio
0.7
EV / EBITDA
23.1
Industry P/E
15.3
ROCE
0.0%
ROCE 5y average
19.8%
ROE
1.0%
Debt / Equity
0.1
Interest coverage
2.4
Dividend yield
0.7%
ROE 3y average
6.0%
ROE last year
-2.0%

Annual P&L

Annual revenue
₹1,701 Cr
Annual profit
₹19 Cr
Operating margin
4.0%
Net profit margin
1.1%
EBITDA margin
4.0%
Sales growth 3y
-6.8%
Sales growth 5y
13.9%
Profit growth 3y
-67.0%
Profit growth 5y
45.0%
EPS
₹0.9
Sales growth TTM
5.0%
Profit growth TTM
-67.0%
Dividend payout
53.0%

Quarter P&L

Sales latest quarter
₹394 Cr
Profit latest quarter
₹30 Cr
YoY quarterly sales growth
0.1%
YoY quarterly profit growth
42.9%
OPM latest quarter
12.4%

Balance Sheet

Book Value
₹97.0
Face Value
₹2.0
Total debt
₹232 Cr
Total cash
₹19 Cr
Borrowings
₹232 Cr
Reserves / Equity
47.5

Cash Flow

Operating cash flow
₹104 Cr
Free cash flow
-₹194 Cr
FCF yield
-15.9%
Net cash flow
₹12 Cr

Shareholding

Promoter holding
72.5%
FII holding
0.3%
DII holding
5.5%
Public holding
21.8%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
JK Paper384.5021.46,9801.04136.364.51,887.213.67.4
West Coast Paper732.3021.14,8450.41141.8145.41,051.310.16.2
Seshasayee Paper231.3114.71,4580.8631.9106.8492.127.75.6
Andhra Paper70.0750.41,3930.7130.342.3393.80.10.0
N R Agarwal Inds660.9017.01,1250.3035.0111.4647.043.18.5
T N Newsprint143.353.89922.795.7177.51,146.60.46.4
Pudumjee Paper96.3610.19170.6233.7-7.0202.93.318.1
Median96.3615.93440.306.242.3201.27.16.2

Competes with: Astron Paper & Board Mill Limited, Balkrishna Paper Mills Limited, Emami Paper Mills Limited, Genus Paper & Boards Limited, JK Paper Limited, Kuantum Papers Limited, Magnum Ventures Limited, Malu Paper Mills Limited, N R Agarwal Industries Limited, Orient Paper & Industries Limited, PAKKA LIMITED, Pudumjee Paper Products Limited, Ruchira Papers Limited, Satia Industries Limited, Seshasayee Paper and Boards Limited, Shree Ajit Pulp & Paper Limited, Shree Rama Newsprint Limited, Shreyans Industries Limited, Star Paper Mills Limited, Tamil Nadu Newsprint & Papers Limited, West Coast Paper Mills Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Standalone · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales478482477364316432386407393362419527394
Expenses323351367329282380357387360369403502345
Material Cost269276245284288245
Change in Inventories-6.08-36-2.33-1863-7.37
Purchases of Stock-in-Trade000000
Employee Cost444344474744
Other Expenses8077829010464
Operating Profit155131110353452282034-7152549
OPM %3227239.6811127.344.988.54-1.883.684.7612
Other Income22212428253015182710291722
Exceptional items (within Other Income)000000
Interest1111245764543
Depreciation16171717212122252627272727
Profit before tax15913511646365817629-28121241
Tax %26252916232832-2727-27193425
Net Profit1191008238284212821-2010830
EPS in Rs5.965.044.151.931.392.100.590.391.07-1.020.500.391.52
Diluted EPS in Rs01.07-1.020.500.391.52

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Standalone · to 31 Mar 2026
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,1631,1241,1721,2641,4271,2708871,3802,0981,8011,5411,7011,702
Expenses1,0689921,0021,0381,0479658261,1561,3591,3681,4021,6331,619
Material Cost9751,099
Change in Inventories-486.04
Purchases of Stock-in-Trade00
Employee Cost169181
Other Expenses311348
Operating Profit95131170226380304612247384321396882
OPM %812151827247163524944.80
Other Income1239-22-771311423394848278
Exceptional items (within Other Income)00
Interest45403426955574181815
Depreciation6973706668767372636688107108
Profit before tax-65644126311236-61887014561172537
Tax %-1043527343610-262625252427
Net Profit0373283200213-5140522340891928
EPS in Rs0.011.851.634.181011-0.237.0326174.470.941.39
Diluted EPS in Rs00.94
Dividend Payout %000000-4322110122253

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
4%
5 years
14%
3 years
-7%
TTM
5%

Compounded profit growth

10 years
2%
5 years
45%
3 years
-67%
TTM
-67%

Stock price CAGR

10 years
1%
5 years
7%
3 years
-16%
1 year
-15%

Return on equity

10 years
14%
5 years
13%
3 years
6%
Last year
-2%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Standalone
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital404040404040404040404040
Reserves3744114385247249369351,0541,5421,8531,9011,900
Borrowings502477359208159445955115283232
Other Liabilities330340317325407336313345367443381367
Total Liabilities1,2461,2681,1551,0971,1861,3211,3331,4982,0052,4512,6052,538
Fixed Assets8338207987427076806195855777951,0241,000
CWIP16173482982911430279
Investments1515101516442193838871,029909650
Other Assets382415344336455595486523512513642609
Total Assets1,2461,2681,1551,0971,1861,3211,3331,4982,0052,4512,6052,538

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Standalone
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity128111172215310177104202536319-55105
Cash from Investing Activity-31-38-29-31-110-167-114-181-498-334-612
Cash from Financing Activity-108-67-145-175-201-1111-12-415109-94
Net Cash Flow-116-39-1-019-3-10-712
Free Cash Flow967314118226915383163422-12-320-195

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Standalone
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days202321201912312726122633
Inventory Days141151131113120216169807710212787
Days Payable11011099971301251348987987553
Cash Conversion Cycle526454378102661716167868
Working Capital Days-57-19-48-26184346329-52836
ROCE %4712214227018522540

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Standalone · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters727272727272727272727272
FIIs2.652.622.332.311.351.020.960.840.790.790.330.27
DIIs2.552.212.602.604.534.674.674.684.684.745.795.48
Public222323232222222222222122
No. of Shareholders27,44534,60137,93737,55342,41745,59046,45845,37745,27143,40641,46140,465

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -15.3% (₹79.32 → ₹67.21)Brick size ₹3.20 (fixed)Bricks 13
₹60.00₹70.00₹80.00₹67.21Dec '25Apr '26
Price moved up one brickPrice moved down one brickLast close ₹67.21 on 9 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

exports as % of revenue

8.00

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

FY revenue / permanent employees + workers, same basis (calc)

88,22,614inr

2026-03-31

News

News and filings about ANDHRA PAPER LIMITED. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

  • Casuarina wood (pulpwood)
  • Caustic soda (NaOH)
  • Chlorine dioxide / bleaching chemicals
  • Eucalyptus wood (pulpwood)
  • Paper chemicals (alum, rosin, sizing agents, dyes, fillers)
  • Purchased bleached hardwood kraft pulp (BHKP)
  • Recycled waste paper / recovered fibre
  • Subabul / Leucaena wood (pulpwood)

Depends on the price of

  • caustic_soda
  • coal
  • paper_pulp
  • timber/logs

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Forest Materials
Industry
Paper & Paper Products
Classification
Forest Materials › Paper & Paper Products
ISIN
INE435A01051

Plants

  • Kadiyam Paper Mill · Kadiyam, East Godavari District, Andhra Pradesh
  • Rajahmundry Integrated Pulp & Paper Mill · Rajahmundry, Andhra Pradesh
  • SN Palem Conversion Centre · SN Palem, Krishna District, Andhra Pradesh

News impact

Big market events that reach ANDHRA PAPER LIMITED, and how the effect spreads.

Who it hits first

  • NCC Limited won a Rs 1,076.71 crore drinking water order, excluding GST, for the Yeleru Reservoir multi-village scheme in Anakapalli, Andhra Pradesh.
  • Shares rallied 5% as the win adds clear revenue visibility for the construction firm.
  • The job will be built over coming quarters, turning into billed sales as villages get connected.

Who may gain

  • NCC Limited, a construction firm, as it bills the Rs 1,076.71 crore water contract over time.
  • ACE, a Capital Goods supplier to NCC, as site machines and equipment get ordered.
  • APL Apollo and Jindal Saw, suppliers to NCC, as pipes and materials are procured for the network.
  • Local villages in Anakapalli, as the multi-village scheme brings piped drinking water.

Along the supply chain

Downstream

Downstream, the Andhra Pradesh Rural Water Supply Department, the government buyer, pays NCC as work completes, and village households receive the drinking water.

Upstream

Upstream vendors such as Electrosteel Castings and Jindal Steel, both suppliers to NCC, plus pipe and steel makers, get a chance at project orders, though NCC may split buying across many vendors. Note: SIGIND and CROWN also supply to NCC per the graph but have no fundamentals row, so no signal was emitted for them.

Where demand moves

Business

NCC orders pipes, steel, cement and machines to build the network, so its suppliers see fresh purchase orders while villagers gain water.

Capital

Investors bid up NCC 5% on the win and look at its suppliers, while rivals without new orders stay flat.

How it spreads across sectors

Capital Goods

Makers of pipes and site equipment see a chance for fresh project orders.

Construction

Order-book sentiment improves as a Rs 1,076.71 crore water win shows state spending is flowing.

When it plays out

Immediate

NCC shares hold the 5% gain while the market checks order terms and margin scope this week.

Medium term

Billing builds over quarters as the Yeleru network is laid; state payment pace decides cash flow.

Short term

NCC mobilises men and machines in Anakapalli and starts placing pipe and material orders.

Who it hits first

  • A deep depression sits off the Andhra-Odisha coast with an IMD red alert, and eight Odisha districts have shut schools
  • Delhivery, Shadowfax, BlackBuck and TVS Supply Chain, which move parcels and factory goods by road, stall trucks through flooded highways, while GMR Airports cancels east-coast flights and Shreeji Shipping holds coastal sailings
  • Adani Ports runs four ports in the two states plus IOC Paradip refinery and steel plants at Kalinganagar and Rourkela sit in the storm path, but they were outside the ranked pool, so no signal is emitted for them here

Who may gain

  • No immediate winner — coastal transport, ports and construction pause for safety
  • Andhra Cements and other builders later, if storm repairs lift cement and repair demand

Along the supply chain

Downstream

Downstream, shops, factories and hospitals waiting on Andhra-Odisha deliveries get late parcels and raw material, while flyers rebook through GMR-served airports and coastal cargo waits for calm seas

Upstream

Upstream, fuel stops, port pilots and warehouse hands in Visakhapatnam, Paradip, Dhamra and Gopalpur idle while the alert holds, so Delhivery, BlackBuck, TVS Supply Chain and Shreeji Shipping pay waiting costs without moving goods

Where demand moves

Business

Business demand pauses rather than disappears — parcels wait, flights rebook, ships anchor — so transport sellers lose days of fees while digital payments and insurance sales simply shift by a few days.

Capital

Capital steps back from coastal transport and Andhra makers on delay fears, with no rush into lenders or life insurers since a two-day alert brings no loan or claim wave.

How it spreads across sectors

Financial Services

Banks, payments firms and life insurers see only brief branch and agent shutdowns, with no loan or claim wave sized.

Services

Parcel, trucking, supply-chain, airport and shipping sellers lose days of fees to floods and cancellations.

A pattern seen before

Cascade chain

Pattern name

Monsoon Cascade

Patterns

  • Monsoon Cascade

Sectors queried

  • FMCG

When it plays out

Immediate

Red alert holds; flights cancel, ships anchor, trucks park and schools stay shut in eight districts

Medium term

Repairs to roads, roofs and power lines lift local cement and construction work over one to six months if damage is material

Short term

Storm passes and backlogs clear within one to two weeks; transport volumes snap back and delayed premiums get collected

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

4 Aug 2026unspecified₹0.5
1 Aug 2025unspecified₹1
11 Sep 2024split₹0
5 Aug 2024unspecified₹10
4 Aug 2023unspecified₹12.5
4 Aug 2022unspecified₹7.5
29 Jul 2021unspecified₹5
29 Aug 2011unspecified₹1

Splits, bonuses & buybacks

  • daily-prices repair: 10 rows from NSE's archive (replace 2, delete 1, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016

Bulk & block deals

DateWhoBought / soldSharesPrice
8 Sep 2026JUNOMONETA FINSOL PRIVATE LIMITEDBUY16,21,455₹74.16
8 Sep 2026JUNOMONETA FINSOL PRIVATE LIMITEDSELL16,13,172₹74.13
8 Sep 2026MICROCURVES TRADING PRIVATE LIMITEDBUY15,75,295₹74.86
8 Sep 2026MICROCURVES TRADING PRIVATE LIMITEDSELL15,75,295₹74.88
8 Sep 2026ALPHAGREP SECURITIES PRIVATE LIMITEDBUY14,28,094₹74.95
8 Sep 2026ALPHAGREP SECURITIES PRIVATE LIMITEDSELL14,28,094₹74.96
7 Sep 2026MICROCURVES TRADING PRIVATE LIMITEDSELL18,18,411₹73.95
7 Sep 2026MICROCURVES TRADING PRIVATE LIMITEDBUY18,18,411₹73.88
7 Sep 2026NK SECURITIES RESEARCH PRIVATE LIMITEDSELL15,93,777₹72.96
7 Sep 2026NK SECURITIES RESEARCH PRIVATE LIMITEDBUY15,93,777₹72.89

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.