Balkrishna Paper Mills L
NSE: BALKRISHNA · Paper & Paper Products · sector
₹14.76NSE close 2026-10-26
Key numbers
Market cap₹48 cr
Price₹14.76
52w high / low₹24 / ₹12
P/E–Sector median 13.8x
P/B–Sector median 0.6x
Book value₹-54.5
Dividend yield–Sector median 1.38%
ROE–Sector median 5.8%
ROCE–Sector median 5.9%
OPM-16.8%Sector median 8.2%
Debt / equity–Sector median 0.42x
EV/EBITDA–Sector median 8.0x
Interest cover-0.1x
Current ratio0.08x
Sales growth 3y-64.9%Sector median -4.5%
Profit growth 3y–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 ₹2 cr vs borrowings ₹166 cr (FY26): borrowings are higher by ₹164 cr.
- Operating profit covered interest -0.1x in the last 12 months.
- Operating cash flow was below net profit in 2 of the last 5 years (FY25, FY22).
- Net loss in 7 of the last 8 quarters.
- Debtor days went from 116 (FY24) to 17 (FY26).
- No dividend in the last 5 financial years.
- Price ₹14.76 on 2026-10-26: -38.5% from the 52-week high, +23.0% 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 ₹28.32 · low ₹13.24
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 1 | 2 | 1 | 1 | 2 | 1 | 2 |
| EBITDA | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 |
| OPM % | – | -29.2% | -10.2% | -14.3% | -17.6% | -17.0% | -30.3% | -9.1% |
| Other income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net profit | -3 | -2 | 7 | -2 | -2 | -0 | -3 | -2 |
| EPS (₹) | -0.96 | -0.56 | 2.16 | -0.54 | -0.56 | -0.07 | -0.86 | -0.56 |
| Revenue YoY | – | +163.1% | -46.7% | +57.1% | ||||
| Profit YoY | – | – | -139.7% | – |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 242 | 109 | 6 | 2 | 5 | 5 |
| EBITDA | 8 | -36 | -78 | -1 | -1 | -1 |
| Net profit | -5 | -52 | -71 | 8 | -7 | -7 |
| EPS (₹) | -4.36 | -48.30 | -66.24 | 2.63 | -2.02 | -2.05 |
| Revenue growth | -54.9% | -94.9% | -58.4% | +103.9% | +56.3% | |
| Profit growth | – | – | – | -179.6% | -2,405.7% | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -64.9% | -48.2% | +56.3% |
| Net profit | – | – | -2,405.7% |
| EPS | – | – | – |
| Share price | – | -19.8% (2y) | -34.2% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | -150 | -222 | -169 | -175 |
| Borrowings | – | 229 | 215 | 160 | 166 |
| Cash & equivalents | – | 0 | 1 | 1 | 2 |
| Total assets | – | 135 | 45 | 19 | 18 |
| Fixed assets | – | 121 | 27 | 0 | 0 |
| Capital work in progress | – | 0 | 0 | 0 | 0 |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 1 | 2 | 0 | 0 |
| Inventory | – | 8 | 6 | 0 | 0 |
| Payables | – | 17 | 7 | 0 | 0 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -55 | -20 | -8 | -4 | -2 |
| Cash from investing | 19 | 2 | 12 | 24 | 0 |
| Cash from financing | 5 | 18 | -4 | -19 | 1 |
| Capex | 1 | 0 | 0 | 0 | 0 |
| Free cash flow | -55 | -20 | -8 | -4 | -2 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 34.5% | 32.1% | -4.8% | 3.7% |
| ROCE % | – | -53.3% | 1,200.5% | 8.8% | 8.6% |
| Debtor days | – | 3 | 116 | 78 | 17 |
| Inventory days | – | 38 | 481 | 0 | 0 |
| Payable days | – | 83 | 559 | 12 | 42 |
| Cash conversion cycle (days) | – | -42 | 38 | 66 | -25 |
| Working capital days | – | -241 | -5,681 | -8,169 | -1,900 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 59.95% |
| DIIs | 0.03% |
| Public (non-institutions) | 40.02% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 59.95% | 59.95% | 59.95% | 59.95% | 59.95% | 59.95% | 59.95% | 59.95% |
| Promoter group | % |
|---|---|
| Ramesh Kumar Poddar | 11.41% |
| Avnish Poddar | 7.41% |
| Anurag Pawankumar Poddar | 7.41% |
| Asha Devi Poddar | 7.41% |
| Gaurav Poddar | 7.06% |
| Ankit Poddar | 7.06% |
| Sangeeta Poddar | 4.71% |
| GPP Enterprises LLP | 3.44% |
| Madhudevi Pawan Poddar | 2.47% |
| Pawankumar Dharaprasad Poddar | 1.53% |
| Futuristic Concepts Media LLP | 0.03% |
| Geeta Devi Poddar | 0.01% |
| Vibha Shrikishan Poddar | 0.00% |
| Shrikishan Poddar | 0.00% |
| Abhishek Shrikishan Poddar | 0.00% |
| Public holders above 1% | % |
|---|---|
| Dharnidhar Vastu Designers Developers Private Ltd | 4.22% |
| Aadishu Securities Private | 1.30% |
| Visha Rakesh Pandya | 1.07% |
| Rasada Enterprises Private Limited | 1.04% |
14,401 shareholders. Pledged: – 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% |
| BALKRISHNA | ₹48 cr | – | – | – | – | -16.8% | -64.9% | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Paper and Paper Board | ₹5 cr | 100.0% | ₹-1 cr | -17.0% |
| Trading of plastic & packaging materials | ₹0 cr | – | ₹0 cr | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2024-09-23 | Other | Annual General Meeting |
| 2024-03-15 | Rights | Rights 2:1 @ Premium Rs 11/- |
| 2023-07-28 | Other | Annual General Meeting |
| 2022-09-02 | Other | Annual General Meeting |
| 2021-07-15 | Other | Annual General Meeting |
| 2020-08-27 | Other | Annual General Meeting |
| 2019-08-29 | Other | Annual General Meeting |
| 2018-08-30 | Other | Annual General Meeting |
| 2017-07-12 | Other | Annual General Meeting |
| 2016-09-01 | Other | Annual General Meeting |
| 2015-08-13 | Other | Annual General Meeting |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Commodities |
| Industry | Paper & Paper Products |
| Sub-industry | Paper & Paper Products |
| Symbol | BALKRISHNA |
| BSE code | 539251 |
| ISIN | INE875R01011 |
| Face value | ₹10.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
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.