Star Paper Mills Ltd
NSE: STARPAPER · Paper & Paper Products · sector
₹144.46NSE close 2026-10-26
Key numbers
Market cap₹225 cr
Price₹144.46
52w high / low₹174 / ₹119
P/E7.3xSector median 13.8x
P/B0.3xSector median 0.6x
Book value₹453.8
Dividend yield2.41%Sector median 1.38%
ROE4.5%Sector median 5.8%
ROCE4.7%Sector median 5.9%
OPM3.6%Sector median 8.2%
Debt / equity0.00xSector median 0.42x
EV/EBITDA-1.2xSector median 8.0x
Interest cover36.3x
Current ratio7.90x
Sales growth 3y-5.9%Sector median -4.5%
Profit growth 3y-20.7%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 ₹244 cr vs borrowings ₹0 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 36.3x in the last 12 months.
- 47.21% of the promoters' shares are pledged (21.2% of all shares).
- Operating cash flow was below net profit in 5 of the last 5 years (FY26, FY25, FY24, FY23, FY22).
- Net loss in 1 of the last 8 quarters.
- Revenue was higher than a year earlier in 1 of the last 4 quarters.
- Other income was 83% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹144.46 on 2026-10-26: -17.0% from the 52-week high, +21.3% 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 ₹228.43 · low ₹126.10
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 111 | 97 | 114 | 101 | 104 | 92 | 113 | 103 |
| EBITDA | 9 | 8 | 10 | 6 | 7 | 1 | 4 | 3 |
| OPM % | 8.2% | 8.0% | 8.9% | 6.2% | 6.8% | 0.7% | 4.0% | 2.7% |
| Other income | 10 | 4 | 1 | 12 | 6 | 12 | -6 | 14 |
| Net profit | 15 | 8 | 5 | 13 | 13 | 8 | -1 | 11 |
| EPS (₹) | 9.30 | 4.94 | 3.21 | 8.21 | 8.34 | 5.26 | -0.83 | 7.05 |
| Revenue YoY | -5.9% | -5.8% | -1.3% | +2.3% | ||||
| Profit YoY | -10.3% | +6.6% | -125.7% | -14.1% |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 331 | 493 | 444 | 436 | 410 | 412 |
| EBITDA | 32 | 67 | 55 | 37 | 18 | 15 |
| Net profit | 37 | 66 | 64 | 41 | 33 | 31 |
| EPS (₹) | 23.48 | 42.08 | 41.01 | 26.36 | 20.98 | 19.82 |
| Revenue growth | +49.1% | -9.8% | -1.8% | -6.0% | -2.7% | |
| Profit growth | +79.2% | -2.5% | -35.7% | -20.4% | -22.7% | |
| Dividend / share (₹) | 2.50 | 3.50 | 3.50 | 4.00 | 3.50 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -5.9% | +11.9% | -2.7% |
| Net profit | -20.7% | +13.3% | -22.7% |
| EPS | -20.7% | +13.3% | – |
| Share price | – | -13.1% (2y) | -9.9% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 594 | 647 | 681 | 708 |
| Borrowings | – | 0 | 0 | 0 | 0 |
| Cash & equivalents | – | 173 | 202 | 219 | 244 |
| Total assets | – | 728 | 790 | 822 | 838 |
| Fixed assets | – | 414 | 425 | 424 | 420 |
| Capital work in progress | – | 3 | 3 | 2 | 4 |
| Investments | – | 18 | 17 | 15 | 15 |
| Receivables | – | 3 | 4 | 6 | 7 |
| Inventory | – | 96 | 115 | 135 | 117 |
| Payables | – | 30 | 24 | 21 | 20 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 19 | 47 | 26 | 15 | 29 |
| Cash from investing | -13 | -41 | -9 | 4 | -36 |
| Cash from financing | -5 | -6 | -9 | -8 | -7 |
| Capex | 2 | 5 | 11 | 4 | 9 |
| Free cash flow | 16 | 42 | 15 | 11 | 20 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 11.0% | 9.9% | 6.0% | 4.6% |
| ROCE % | – | 14.1% | 12.6% | 8.0% | 5.0% |
| Debtor days | – | 2 | 3 | 5 | 6 |
| Inventory days | – | 179 | 219 | 225 | 198 |
| Payable days | – | 57 | 46 | 35 | 34 |
| Cash conversion cycle (days) | – | 124 | 176 | 195 | 170 |
| Working capital days | – | 172 | 228 | 264 | 295 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 44.93% |
| FIIs | 1.62% |
| DIIs | 0.01% |
| of which Insurance | 0.00% |
| Public (non-institutions) | 53.44% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 44.93% | 44.93% | 44.93% | 44.93% | 44.93% | 44.93% | 44.93% | 44.93% |
| Promoter group | % |
|---|---|
| ISG Traders Limited | 31.59% |
| Albert Trading Company Private Limited | 5.80% |
| Silent Valley Investments Limited | 3.98% |
| Contiuous Forms (Calcutta) Limited | 3.27% |
| Shrivardhan Goenka | 0.29% |
| Public holders above 1% | % |
|---|---|
| Anushree Himanshubhai Shah | 5.54% |
| LOK Prakashan Limited | 5.46% |
| Muktilal Ganulal Padliwal | 2.39% |
| Raviraj Developers Limited | 1.92% |
| Acadian Emerging Markets Micro-cap Equity Master F | 1.62% |
| Abhay Krishi Udyog Private Limited | 1.52% |
| Taradevi Muktilal Paldiwal | 1.48% |
| Anil Kumar Goel | 1.15% |
15,734 shareholders. Pledged: 47.21% 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% |
| STARPAPER | ₹225 cr | 7.3x | 0.3x | 4.5% | 4.7% | 3.6% | -5.9% | 2.41% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-17 | Dividend | Dividend - Rs 2.50 Per Share |
| 2025-09-18 | Dividend | Dividend - Rs 3.50 Per Share |
| 2024-09-17 | Dividend | Annual General Meeting/Dividend - Rs 4 Per Share |
| 2023-09-15 | Other | Annual General Meeting |
| 2023-09-15 | Dividend | Dividend - Rs 3.50 Per Share/Special Dividend - Rs 1.50 Per Share |
| 2022-09-13 | Other | Annual General Meeting |
| 2022-09-13 | Dividend | Dividend - Rs 3.50 Per Share |
| 2021-09-16 | Dividend | Dividend - Rs 2.50 Per Share |
| 2020-09-17 | Dividend | Annual General Meeting/Dividend - Rs 2.50 Per Share |
| 2019-09-09 | Dividend | Annual General Meeting/Dividend - Rs 2.50 Per Share |
| 2018-08-02 | Dividend | Annual General Meeting/Dividend- Rs 2.50 Per Share |
| 2017-09-05 | Dividend | Annual General Meeting/Dividend - Rs 2/- Per Share |
| 2016-09-02 | Other | Annual General Meeting |
| 2015-09-15 | Other | Annual General Meeting |
| 2014-09-18 | Other | Annual General Meeting |
| 2013-09-10 | Other | Annual General Meeting |
| 2012-09-12 | Other | Annual General Meeting |
| 2011-09-20 | Dividend | Annual General Meeting And Dividend Re.0.50 Per Share |
| 2010-09-08 | Dividend | Annual General Meeting And Dividend Re.0.75 Per Share |
| 2009-09-18 | Other | Agm/Div-Rs.1.50 Per Share |
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 | STARPAPER |
| BSE code | 516022 |
| ISIN | INE733A01018 |
| 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.