Andhra Paper Limited
NSE: ANDHRAPAP · Paper & Paper Products · sector
₹64.34NSE close 2026-10-26
Key numbers
Market cap₹1,279 cr
Price₹64.34
52w high / low₹80 / ₹58
P/E46.3xSector median 13.8x
P/B0.7xSector median 0.6x
Book value₹97.5
Dividend yield1.56%Sector median 1.38%
ROE1.4%Sector median 5.8%
ROCE2.4%Sector median 5.9%
OPM4.8%Sector median 8.2%
Debt / equity0.12xSector median 0.42x
EV/EBITDA12.0xSector median 8.0x
Interest cover3.4x
Current ratio2.95x
Sales growth 3y-6.7%Sector median -4.5%
Profit growth 3y-67.1%Sector median -13.6%
PEG–
Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 40 companies in Paper & Paper Products (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹521 cr vs borrowings ₹232 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 3.4x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 2 of the last 5 years (FY25, FY24).
- Net loss in 1 of the last 8 quarters.
- Revenue was higher than a year earlier in 3 of the last 4 quarters.
- Other income was 282% of net profit in the last 12 months.
- Debtor days went from 12 (FY24) to 33 (FY26).
- Dividend paid in 5 of the last 5 financial years.
- Price ₹64.34 on 2026-10-26: -19.4% from the 52-week high, +10.9% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹105.80 · low ₹59.41
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 432 | 386 | 407 | 393 | 362 | 419 | 527 | 394 |
| EBITDA | 52 | 28 | 20 | 34 | -7 | 15 | 25 | 49 |
| OPM % | 12.1% | 7.3% | 5.0% | 8.5% | -1.9% | 3.7% | 4.8% | 12.4% |
| Other income | 30 | 15 | 18 | 27 | 10 | 29 | 17 | 22 |
| Net profit | 42 | 12 | 8 | 21 | -20 | 10 | 8 | 30 |
| EPS (₹) | 2.10 | 0.59 | 0.39 | 1.07 | -1.02 | 0.50 | 0.39 | 1.52 |
| Revenue YoY | -16.2% | +8.6% | +29.4% | +0.1% | ||||
| Profit YoY | -148.6% | -15.5% | -1.7% | +42.3% |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 1,380 | 2,098 | 1,801 | 1,541 | 1,701 | 1,702 |
| EBITDA | 221 | 719 | 431 | 135 | 67 | 82 |
| Net profit | 140 | 522 | 340 | 89 | 19 | 28 |
| EPS (₹) | 7.03 | 26.27 | 17.09 | 4.47 | 0.94 | 1.39 |
| Revenue growth | +52.0% | -14.2% | -14.4% | +10.4% | +5.1% | |
| Profit growth | +273.9% | -35.0% | -73.8% | -79.1% | -66.5% | |
| Dividend / share (₹) | 5.00 | 7.50 | 12.50 | 10.00 | 1.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -6.7% | +13.9% | +5.1% |
| Net profit | -67.1% | – | -66.5% |
| EPS | -67.0% | – | – |
| Share price | – | -19.8% (2y) | -18.2% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 1,582 | 1,893 | 1,941 | 1,939 |
| Borrowings | – | 55 | 114 | 283 | 232 |
| Cash & equivalents | – | 759 | 883 | 752 | 521 |
| Total assets | – | 2,005 | 2,451 | 2,605 | 2,538 |
| Fixed assets | – | 575 | 794 | 1,023 | 1,000 |
| Capital work in progress | – | 29 | 114 | 30 | 279 |
| Investments | – | 175 | 172 | 0 | 147 |
| Receivables | – | 148 | 61 | 109 | 156 |
| Inventory | – | 174 | 237 | 322 | 263 |
| Payables | – | 196 | 228 | 189 | 159 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 202 | 536 | 319 | -55 | 104 |
| Cash from investing | -181 | -499 | -334 | -61 | 2 |
| Cash from financing | -12 | -41 | 5 | 109 | -94 |
| Capex | 39 | 115 | 331 | 265 | 299 |
| Free cash flow | 163 | 421 | -12 | -320 | -194 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 33.0% | 17.9% | 4.6% | 1.0% |
| ROCE % | – | 43.3% | 22.9% | 6.1% | 2.0% |
| Debtor days | – | 26 | 12 | 26 | 33 |
| Inventory days | – | 77 | 102 | 127 | 87 |
| Payable days | – | 87 | 98 | 75 | 53 |
| Cash conversion cycle (days) | – | 16 | 16 | 78 | 67 |
| Working capital days | – | 141 | 175 | 206 | 147 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 72.45% |
| FIIs | 0.34% |
| DIIs | 4.49% |
| of which Mutual funds | 4.08% |
| of which Insurance | 0.37% |
| Public (non-institutions) | 22.72% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 72.45% | 72.45% | 72.45% | 72.45% | 72.45% | 72.45% | 72.45% | 72.45% |
| Promoter group | % |
|---|---|
| West Coast Paper Mills Ltd | 72.45% |
| Public holders above 1% | % |
|---|---|
| SBI Conservative Hybrid Fund | 4.08% |
| LOK Prakashan Ltd | 3.55% |
| Raviraj Developers Ltd | 1.20% |
41,495 shareholders. Pledged: 0.00% of promoter shares.
Peers in Paper & Paper Products
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| JKPAPER | ₹6,689 cr | 20.2x | 1.2x | 5.9% | 8.0% | 12.9% | +3.2% | 1.27% |
| WSTCSTPAPR | ₹5,203 cr | 22.6x | 1.4x | 6.5% | 9.4% | 11.5% | -4.5% | 0.74% |
| SESHAPAPER | ₹1,290 cr | 13.0x | 0.6x | 4.9% | 5.9% | 6.5% | -6.3% | 1.22% |
| ANDHRAPAP | ₹1,279 cr | 46.3x | 0.7x | 1.4% | 2.4% | 4.8% | -6.7% | 1.56% |
| NRAIL | ₹1,122 cr | 18.1x | 1.4x | 7.8% | 10.0% | 9.7% | +6.7% | 0.31% |
| TNPL | ₹899 cr | 3.4x | 0.4x | 11.8% | 6.6% | 10.6% | -3.6% | 2.31% |
| PDMJEPAPER | ₹807 cr | 8.8x | 1.2x | 14.5% | 18.3% | 15.4% | +2.1% | 0.71% |
| EMAMIPAP | ₹685 cr | 7.7x | 1.2x | 14.9% | 14.7% | 12.0% | -6.2% | 2.12% |
| SATIA | ₹625 cr | – | 0.6x | -0.7% | 3.6% | 7.8% | -8.3% | 0.32% |
| KUANTUM | ₹623 cr | 17.3x | 0.5x | 3.0% | 4.9% | 13.8% | -5.8% | 4.18% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-08-04 | Dividend | Dividend - Re 0.50 Per Share |
| 2025-08-01 | Dividend | Dividend - Re 1 Per Share |
| 2024-09-11 | Split | Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share |
| 2024-08-05 | Dividend | Annual General Meeting/Dividend - Rs 10 Per Share |
| 2023-08-04 | Dividend | Annual General Meeting/Dividend - Rs 12.50 Per Share |
| 2022-08-04 | Dividend | Annual General Meeting/Dividend - Rs 7.50 Per Share |
| 2021-07-29 | Dividend | Annual General Meeting/Dividend - Rs 5 Per Sh |
| 2015-08-19 | Other | Annual General Meeting |
| 2014-08-11 | Other | Annual General Meeting |
| 2013-07-19 | Other | Annual General Meeting |
| 2012-03-09 | Other | Annual General Meeting |
| 2011-08-29 | Dividend | Annual General Meeting/Dividend Re 1 Per Share |
| 2010-06-17 | Dividend | Annual General Meeting And Dividend Re.1/- Per Share |
| 2010-02-23 | Rights | Rights-Eq3:11 & 1wrnt:1eq |
| 2009-08-14 | Other | Agm/Div-Re.0.50 Per Share |
| 2008-05-28 | Other | Agm/Div-Re.1 Per Share |
| 2007-07-13 | Other | Agm/Div-Re.1/- Per Sh |
| 2006-07-12 | Other | Agm/Div-Rs.2/- Per Share |
| 2005-06-22 | Other | Div-25%/Rghts1:1@Prem85/- |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacture: Manufacture of paper, paperboard and pulp
| Sector | Commodities |
| Industry | Paper & Paper Products |
| Sub-industry | Paper & Paper Products |
| Symbol | ANDHRAPAP |
| BSE code | 502330 |
| ISIN | INE435A01051 |
| Face value | ₹2.0 |
| Incorporated | 1964-06-29 |
| Website | www.andhrapaper.com |
| Plants (India / abroad) | 2 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.