MarketFriction

Andhra Paper Ltd

NSE ANDHRAPAP · BSE 502330 · Paper & Paper Products
₹71.36 -1.82%
NSE close2026-10-01
52 week range58.00 - 86.89
Market cap₹1,427 Cr.
P/E51.7
Price band 20% Delivery 51.2%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales482477364316432386407393362419527394
Expenses351367329282380357387360369403502345
Operating Profit131110353452282034-7152549
OPM %27%23%10%11%12%7%5.0%9%-1.9%3.7%4.8%12%
Other Income212428253015182710291722
Interest111245764543
Depreciation171717212122252627272727
Profit before tax13511646365817629-28121241
Tax %25%29%16%23%28%32%-27%27%-27%19%34%25%
Net Profit1008238284212821-2010830
EPS in Rs5.044.151.931.392.100.590.391.07-1.020.500.391.52
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,1241,1721,2641,4271,2708871,3802,0981,8011,5411,7011,702
Expenses9921,0021,0381,0479658261,1561,3591,3681,4021,6331,619
Operating Profit131170226380304612247384321396882
OPM %12%15%18%27%24%7%16%35%24%9%4.0%4.8%
Other Income39-22-771311423394848278
Interest403426955574181815
Depreciation73706668767372636688107108
Profit before tax5644126311236-61887014561172537
Tax %35%27%34%36%10%-26%26%25%25%24%27%
Net Profit373283200213-5140522340891928
EPS in Rs1.851.634.1810.0610.70-0.237.0326.2717.084.470.941.39
Dividend Payout %0%0%0%0%0%-432%21%10%12%22%53%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth4%14%-7%5%
Compounded Profit Growth%%%-67%
Stock Price CAGR2%9%-15%-6%
Return on Equity14%13%6%-2%
Mar 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
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity128111172215310177104202536319-55104
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 Flow967314118226915383163422-12-320-194
CFO/OP134%92%107%106%99%80%170%115%97%105%-36%164%
Mar 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 %4%7%12%21%42%27%0%18%52%25%4%0%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters72.31%72.31%72.31%72.31%72.45%72.45%72.45%72.45%72.45%72.45%72.45%72.45%
FIIs2.65%2.62%2.33%2.31%1.35%1.02%0.96%0.84%0.79%0.79%0.33%0.27%
DIIs2.55%2.21%2.60%2.60%4.53%4.67%4.67%4.68%4.68%4.74%5.79%5.48%
Public22.47%22.85%22.75%22.77%21.67%21.86%21.91%22.03%22.09%22.02%21.43%21.80%
No. of Shareholders27,44534,60137,93737,55342,41745,59046,45845,37745,27143,40641,46140,465

Fundamentals

Market Cap₹ 1,427 Cr.
Current Price₹ 72.3
Stock P/E51.7
Book Value₹ 97.5
ROCE0.04 %
ROE-1.66 %
Dividend Yield0.69 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)5%
Compounded Profit Growth (TTM)-67%
Standalone figures.
Valuation
Market capRs 1,419 Cr
Enterprise valueRs 1,633 Cr
P/E (TTM)51.36x
Price to book0.73x
Price to sales0.83x
EV / EBITDA10.17x
EV / EBIT31.33x
EV / sales0.96x
Price to cash flow13.58x
Earnings yield1.95%
Dividend yield0.70%
P/E, 3-year average26.32x
P/B, 3-year average0.50x
P/E, 5-year average16.25x
P/B, 5-year average0.39x
Profitability
Operating margin (excl. other income)4.03%
Operating margin (incl. other income)8.87%
EBITDA margin9.43%
Pre-tax margin2.16%
Net profit margin1.62%
Net margin, latest quarter7.70%
ROE0.96%
ROCE1.98%
ROA0.72%
ROE, 3-year average8.38%
ROCE, 3-year average11.20%
ROA, 3-year average6.50%
ROE, 5-year average15.54%
ROCE, 5-year average20.44%
ROA, 5-year average11.84%
ROIC (approx.)1.78%
Tax rate26.58%
Other income / net worth4.25%
Growth
Sales growth (latest year)10.38%
Profit growth (latest year)-79.06%
Sales CAGR, 3 years-6.74%
Sales CAGR, 5 years13.92%
Profit CAGR, 3 years-67.09%
Sales growth QoQ-25.29%
Profit growth QoQ292.75%
Sales growth YoY (latest quarter)0.09%
Profit growth YoY (latest quarter)42.28%
Per share
EPS (TTM)Rs 1.39
EPS (latest year)Rs 0.94
EPS (latest quarter)Rs 1.52
EPS, 3-year averageRs 30.28
EPS, 5-year averageRs 51.47
Book value per shareRs 97.53
Sales per shareRs 85.57
Cash flow per shareRs 5.26
Free cash flow per shareRs -9.76
Dividend per share (latest year)Rs 0.50
Dividend per share, 3-year averageRs 3.83
Dividend per share, 5-year averageRs 6.30
Dividends
Dividend payout53.38%
Dividend payout, 3-year average29.15%
Dividend payout, 5-year average23.66%
Efficiency
Asset turnover0.67x
Fixed asset turnover1.70x
Inventory turnover5.27x
Inventory days69 days
Debtor days33 days
Debtors turnover10.90x
Creditor days53 days
Cash conversion cycle68 days
Working capital days36 days
Leverage
Total debtRs 232 Cr
Cash and bankRs 19 Cr
Net debtRs 214 Cr
Debt to equity0.12x
Net debt / EBITDA1.33x
Interest coverage3.39x
Current ratio (filing 2026-03-31)2.94x
Quick ratio (filing 2026-03-31)2.20x
Trade payables (filing 2026-03-31)Rs 159 Cr
Owners' fund to total sources76.41%
Debt to assets9.15%
Cash flow
Cash from Operating Activity (latest year)Rs 104 Cr
Cash from Investing Activity (latest year)Rs 2 Cr
Cash from Financing Activity (latest year)Rs -94 Cr
Net Cash Flow (latest year)Rs 12 Cr
Free cash flow (latest year)Rs -194 Cr
FCFE (approx.: FCF + change in debt)Rs -245 Cr
Cash from ops / profit, 5 years1.00x
Sales to cash flow16.28x
Statement figures
Net sales (TTM)Rs 1,702 Cr
Net sales (latest year)Rs 1,701 Cr
Sales (latest quarter)Rs 394 Cr
Operating profit excl. other income (latest year)Rs 68 Cr
Operating profit (latest quarter)Rs 49 Cr
Other income (TTM)Rs 78 Cr
EBITDA (TTM)Rs 160 Cr
PBDT (TTM)Rs 145 Cr
Profit before tax (TTM)Rs 37 Cr
Tax (latest year)Rs 7 Cr
Net profit (TTM)Rs 28 Cr
Net profit (latest year)Rs 19 Cr
Net profit (latest quarter)Rs 30 Cr
Depreciation (TTM)Rs 108 Cr
Depreciation (latest quarter)Rs 27 Cr
Interest (TTM)Rs 15 Cr
Cost of goods sold (latest year)Rs 1,386 Cr
Total expenditure (latest year)Rs 1,633 Cr
Total income (latest year)Rs 1,784 Cr
Share capitalRs 40 Cr
ReservesRs 1,900 Cr
Shareholders' fundsRs 1,939 Cr
Total assetsRs 2,538 Cr
Net blockRs 1,000 Cr
Capital work in progressRs 279 Cr
InvestmentsRs 650 Cr
ReceivablesRs 156 Cr
InventoryRs 263 Cr
Other liabilitiesRs 367 Cr
Shares outstanding (crore)19.89
Ownership
Promoter holding72.45% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 51.4 is at the 89th percentile of its own 8.4-year range (median 12.1, low 2.8, high 72.9).
P/B 0.73 is at the 10th percentile (median 1.20).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodANDHRAPAPNifty 50Difference
1 week-3.1%-2.8% -0.3 pts
1 month+17.9%-6.8% +24.6 pts
3 months+14.1%-7.6% +21.7 pts
6 months+22.1%+0.4% +21.7 pts
1 year-7.6%-9.9% +2.4 pts
2 years-32.5%-13.6% -18.9 pts
3 years-40.3%+14.2% -54.5 pts
5 years+53.9%+27.9% +26.0 pts
3 mutual fund schemes hold about ₹39 Cr. Over three months 0 bought more and 2 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
SBI Conservative Hybrid Fund(Q0.38%39 +4%
ICICI Pru Small Cap Fund0.00%0 -100%
ICICI Pru Small Cap Fund0.00%0 -100%

Red flags

F-score 6 of 8
lookProfit leans on other income Other income was 325% of pre-tax profit in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹394 Cr +0.3% vs Jun 2025. Net profit ₹30 Cr +42.9%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-08-04Dividend - Re 0.50 Per Share
2025-08-01Dividend - Re 1 Per Share
2024-09-11Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share0.2000
2024-08-05Annual General Meeting/Dividend - Rs 10 Per Share
2023-08-04Annual General Meeting/Dividend - Rs 12.50 Per Share
2022-08-04Annual General Meeting/Dividend - Rs 7.50 Per Share
2021-07-29 Annual General Meeting/Dividend - Rs 5 Per Sh
2015-08-19 Annual General Meeting
2014-08-11Annual General Meeting
2013-07-19Annual General Meeting
2012-03-09Annual General Meeting
2011-08-29Annual General Meeting/Dividend Re 1 Per Share
2010-06-17Annual General Meeting And Dividend Re.1/- Per Share
2010-02-23Rights-Eq3:11 & 1wrnt:1eq
2009-08-14Agm/Div-Re.0.50 Per Share
2008-05-28Agm/Div-Re.1 Per Share
2007-07-13Agm/Div-Re.1/- Per Sh
2006-07-12Agm/Div-Rs.2/- Per Share
DateTypeWhat it says
2026-09-08Regulatory actionLevy of Environment Compsensation by APPCB
2026-08-14General UpdatesGeneral Updates on manufacturing operations at Kadiyam unit
2026-08-13General UpdatesGeneral Updates
2026-08-12AppointmentShareholders at 62nd AGM approved the reappointment of Mr. Saurabh Bangur as Managing Director of the Company for a period of 5 years w.e.f. October 1...
2026-08-12Shareholder meetingVoting results.
2026-08-11Shareholder meetingProceedings of Annual General Meeting held on August 11, 2026
2026-08-04Board meeting outcomeANDHRA PAPER LIMITED has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-23General UpdatesGeneral Updates
2026-07-21General UpdatesGeneral Updates on Communication sent to shareholders on Annual Report and TDS Claims.
2026-07-20Shareholder meetingNotice of 62nd AGM copy is attached herewith
2026-07-20General UpdatesAttached herewith a copy of BRSR FY 25-26 is attached herewith.
2026-07-15General UpdatesGeneral Updates on resumption of manufacturing operations at Kadiam unit.
2026-07-13Record DateRecord date for the purpose of Dividend is 04-Aug-2026.
2026-07-13Shareholder meetingNotice of Annual General Meeting to be held on August 11, 2026
2026-06-15General UpdatesGeneral Updates on Communication sent to members of the Company for KYC update (Physical Shareholder)
2026-06-04Disruption of OperationsDisruption of Operations
2026-05-30Strikes/Lockouts/DisturbanceStrikes/lockouts/disturbances
2026-05-14AppointmentRe-appointment of Mr Saurabh Bangur as Managing Director of the company for a period of 5 years w.e.f. October 01, 2026.
2026-05-14DividendBoard of Directors at its meeting held on May 14, 2026, recommended Final Dividend of Rs. 0.50 per equity share.
2026-05-14Board meeting outcomeANDHRA PAPER LIMITED has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-05General UpdatesThe clarification on production loss of per day lockout period at kadiyam unit
2026-05-02Strikes/Lockouts/DisturbanceStrikes/lockouts/disturbances
2026-04-30Strikes/Lockouts/DisturbanceStrikes/lockouts/disturbances
2026-04-07Disclosure under SEBI TakeovWest Coast Paper Mills Ltd has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Su...
2026-02-13General UpdatesGeneral Updates
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Scrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of Andhra Paper Ltd?

Andhra Paper Ltd (ANDHRAPAP) has a market capitalisation of Rs 1,427 Cr. at the 2026-10-01 close.

What is the P/E ratio of Andhra Paper Ltd?

Andhra Paper Ltd trades at a P/E of 51.7 on trailing twelve-month profit, at the 2026-10-01 close.

What were Andhra Paper Ltd's latest quarterly results?

In the Jun 2026 quarter, Andhra Paper Ltd sales was Rs 394 Cr (+0.3% vs Jun 2025) and net profit was Rs 30 Cr.

What is the 52-week high and low of Andhra Paper Ltd?

The 52-week high is Rs 86.89 and the 52-week low is Rs 58.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03