MarketFriction

Star Paper Mills Ltd

NSE STARPAPER · BSE 516022 · Paper & Paper Products
₹151.81 -0.47%
NSE close2026-10-01
52 week range119.05 - 177.80
Market cap₹237 Cr.
P/E7.66
Price band 20% Delivery 60.9%

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
Sales1061151001141119711410110492113103
Expenses901019510410290104959791108101
Operating Profit1514510981067143
OPM %14%12%5%9%8%8%9%6%7%0.7%4.0%2.7%
Other Income87118104112612-614
Interest000000000000
Depreciation111111222222
Profit before tax2219141617119161111-315
Tax %32%24%-0%16%17%28%43%22%-20%22%-63%26%
Net Profit15151414158513138-111
EPS in Rs9.739.469.178.919.304.943.218.218.345.27-0.837.05
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales272324347378341233331493444436410412
Expenses246253274328293212299412387399391397
Operating Profit277172494821328057371815
OPM %10%22%21%13%14%9%10%16%13%8%4.5%3.6%
Other Income12577918930242426
Interest311111011111
Depreciation444455555677
Profit before tax216872524925448381533433
Tax %20%11%25%-3%24%30%17%21%21%23%4%
Net Profit166054533718376664413331
EPS in Rs10.5738.6734.7634.0823.8811.2223.4842.0741.0026.3620.9819.83
Dividend Payout %0%5%7%7%10%22%15%12%10%13%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth4%12%-6%-3%
Compounded Profit Growth4%8%-30%-23%
Stock Price CAGR5%0%-12%-8%
Return on Equity9%8%7%4%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital161616161616161616161616
Reserves3148337390440473486519579632665693
Borrowings1474210110554
Other Liabilities109106157154135142147136134137137125
Total Liabilities170176514562592630650672728790822838
Fixed Assets8685404405410412415415414425424420
CWIP112747633324
Investments3232467881899411347194203247
Other Assets5158617196122135141265167194167
Total Assets170176514562592630650672728790822838
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity151239363118291947261529
Cash from Investing Activity-0-3-35-31-28-4-25-13-41-94-36
Cash from Financing Activity-10-10-3-7-5-8-5-5-6-9-8-7
Net Cash Flow5-11-2-25-20-1712-13
Free Cash Flow1493531258221742151121
CFO/OP100%47%74%68%85%55%161%89%83%84%71%212%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days9148874172356
Inventory Days7090113144131224294189179219225198
Days Payable2112051481361051241127357463534
Cash Conversion Cycle-133-102-271633104182122124176194170
Working Capital Days-82-52-19-21340424344638179
ROCE %19%36%32%19%12%10%5%9%17%13%8%4%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters44.93%44.93%44.93%44.93%44.93%44.93%44.93%44.93%44.93%44.93%44.93%44.93%
FIIs1.84%1.70%1.70%1.71%1.76%1.69%1.69%1.71%1.68%1.68%1.68%1.64%
DIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.01%0.01%0.01%0.01%0.01%
Public53.24%53.37%53.37%53.37%53.31%53.37%53.38%53.35%53.38%53.39%53.39%53.43%
No. of Shareholders20,27219,32017,49416,74616,98217,20417,24417,23817,29416,87416,51016,183

Fundamentals

Market Cap₹ 237 Cr.
Current Price₹ 153
Stock P/E7.66
Book Value₹ 454
ROCE4.18 %
ROE3.66 %
Dividend Yield1.63 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-3%
Compounded Profit Growth (TTM)-23%
Standalone figures.
Valuation
Market capRs 236 Cr
Enterprise valueRs 228 Cr
P/E (TTM)7.61x
Price to book0.33x
Price to sales0.57x
EV / EBITDA5.60x
EV / EBIT6.79x
EV / sales0.55x
Price to cash flow8.10x
Earnings yield13.14%
P/E, 3-year average5.66x
P/B, 3-year average0.38x
P/E, 5-year average5.43x
P/B, 5-year average0.40x
Profitability
Operating margin (excl. other income)4.51%
Operating margin (incl. other income)10.28%
EBITDA margin9.87%
Pre-tax margin7.92%
Net profit margin7.51%
Net margin, latest quarter10.64%
ROE4.71%
ROCE5.03%
ROA3.94%
ROE, 3-year average7.07%
ROCE, 3-year average8.76%
ROA, 3-year average5.83%
ROE, 5-year average7.98%
ROCE, 5-year average9.95%
ROA, 5-year average6.48%
ROIC (approx.)4.59%
Tax rate4.32%
Other income / net worth3.34%
Growth
Sales growth (latest year)-6.05%
Profit growth (latest year)-20.39%
Sales CAGR, 3 years-5.94%
Sales CAGR, 5 years11.93%
Profit CAGR, 3 years-20.70%
Profit CAGR, 5 years13.33%
Sales growth QoQ-8.11%
Sales growth YoY (latest quarter)2.27%
Profit growth YoY (latest quarter)-14.05%
Per share
EPS (TTM)Rs 19.95
EPS (latest year)Rs 21.10
EPS (latest quarter)Rs 7.09
EPS, 3-year averageRs 29.62
EPS, 5-year averageRs 30.96
Book value per shareRs 456.34
Sales per shareRs 265.60
Cash flow per shareRs 18.74
Free cash flow per shareRs 13.53
Dividend per share, 3-year averageRs 3.77
Dividend per share, 5-year averageRs 4.02
Dividends
Dividend payout, 3-year average11.51%
Dividend payout, 5-year average12.45%
Efficiency
Asset turnover0.49x
Fixed asset turnover0.98x
Inventory turnover2.73x
Inventory days134 days
Debtor days6 days
Debtors turnover60.64x
Creditor days34 days
Cash conversion cycle170 days
Working capital days79 days
Leverage
Total debtRs 4 Cr
Cash and bankRs 12 Cr
Net debtRs -8 Cr
Debt to equity0.01x
Net debt / EBITDA-0.19x
Interest coverage36.90x
Owners' fund to total sources84.53%
Debt to assets0.51%
Cash flow
Cash from Operating Activity (latest year)Rs 29 Cr
Cash from Investing Activity (latest year)Rs -36 Cr
Cash from Financing Activity (latest year)Rs -7 Cr
Net Cash Flow (latest year)Rs -13 Cr
Free cash flow (latest year)Rs 21 Cr
FCFE (approx.: FCF + change in debt)Rs 21 Cr
Cash from ops / profit, 5 years0.56x
Sales to cash flow14.09x
Statement figures
Net sales (TTM)Rs 412 Cr
Net sales (latest year)Rs 410 Cr
Sales (latest quarter)Rs 103 Cr
Operating profit excl. other income (latest year)Rs 18 Cr
Operating profit (latest quarter)Rs 3 Cr
Other income (TTM)Rs 26 Cr
EBITDA (TTM)Rs 41 Cr
PBDT (TTM)Rs 40 Cr
Profit before tax (TTM)Rs 33 Cr
Tax (latest year)Rs 1 Cr
Net profit (TTM)Rs 31 Cr
Net profit (latest year)Rs 33 Cr
Net profit (latest quarter)Rs 11 Cr
Depreciation (TTM)Rs 7 Cr
Depreciation (latest quarter)Rs 2 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 320 Cr
Total expenditure (latest year)Rs 391 Cr
Total income (latest year)Rs 434 Cr
Share capitalRs 16 Cr
ReservesRs 693 Cr
Shareholders' fundsRs 708 Cr
Total assetsRs 838 Cr
Net blockRs 420 Cr
Capital work in progressRs 4 Cr
InvestmentsRs 247 Cr
ReceivablesRs 7 Cr
InventoryRs 117 Cr
Other liabilitiesRs 125 Cr
Shares outstanding (crore)1.55
Ownership
Promoter holding44.93% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 7.6 is at the 82th percentile of its own 9.4-year range (median 5.3, low 2.1, high 15.4).
P/B 0.33 is at the 12th percentile (median 0.46).
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.
PeriodSTARPAPERNifty 50Difference
1 week-2.2%-2.8% +0.6 pts
1 month+1.0%-6.8% +7.8 pts
3 months+8.9%-7.6% +16.5 pts
6 months+26.0%+0.4% +25.6 pts
1 year-11.2%-9.9% -1.2 pts
2 years-33.3%-13.6% -19.8 pts
3 years-32.3%+14.2% -46.4 pts
5 years-0.6%+27.9% -28.5 pts

Red flags

F-score 4 of 8
lookProfit leans on other income Other income was 69% 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 ₹103 Cr +2.0% vs Jun 2025. Net profit ₹11 Cr -15.4%.
Against our estimate for Jun 2026: sales +5.2%, profit +6.0% in line. Our estimate for Sep 2026: sales Rs 105 Cr, profit Rs 10 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-17Dividend - Rs 2.50 Per Share
2025-09-18Dividend - Rs 3.50 Per Share
2024-09-17Annual General Meeting/Dividend - Rs 4 Per Share
2023-09-15Dividend - Rs 3.50 Per Share/Special Dividend - Rs 1.50 Per Share
2023-09-15Annual General Meeting
2022-09-13Dividend - Rs 3.50 Per Share
2022-09-13Annual General Meeting
2021-09-16 Dividend - Rs 2.50 Per Share
2020-09-17 Annual General Meeting/Dividend - Rs 2.50 Per Share
2019-09-09 Annual General Meeting/Dividend - Rs 2.50 Per Share
2018-08-02 Annual General Meeting/Dividend- Rs 2.50 Per Share
2017-09-05 Annual General Meeting/Dividend - Rs 2/- Per Share
2016-09-02 Annual General Meeting
2015-09-15 Annual General Meeting
2014-09-18Annual General Meeting
2013-09-10Annual General Meeting
2012-09-12Annual General Meeting
2011-09-20Annual General Meeting And Dividend Re.0.50 Per Share
2010-09-08Annual General Meeting And Dividend Re.0.75 Per Share
2009-09-18Agm/Div-Rs.1.50 Per Share
2008-02-21Agm/Dividend - 17.5%
2006-09-04Agm/Div-Rs.1.75/- Per Sh
DateTypeWhat it says
2026-09-26Shareholder meetingVoting results of 87th AGM resolutions.
2026-09-24Shareholder meetingProceedings of 87th AGM held on September 24, 2026
2026-09-11AgreementsWorking capital loan Agreement
2026-08-31Shareholder meetingNotice of Annual General Meeting to be held on September 24, 2026
2026-08-12Shareholder meetingNotice of Annual General Meeting to be held on September 24, 2026
2026-08-12Record DateRecord date for the purpose of DI is 17-Sep-2026.
2026-08-12Board meeting outcomeStar Paper Mills Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-07Disclosure under SEBI TakeovISG Traders Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substanti...
2026-06-10UpdatesCopy of IEPF reminder letters sent to shareholders concerned.
2026-05-25DividendBoard of Directors at its meeting held on May 25, 2026, recommended Final Dividend of Rs. 2.50 per equity share for FY 2025-26.
2026-05-25Board meeting outcomeStar Paper Mills Limited has submitted to the Exchange, the financial results for the Quarter and year ended March 31, 2026 as approved by the Board o...
2026-05-01Regulatory actionEx-parte assessment order passed under UPVAT for the year 2015-16
2026-04-09UpdatesNon applicability of large entity criteria as per SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144 dated 26th Nov., 2018.
2026-02-13Board meeting outcomeStar Paper Mills Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
2026-01-07UpdatesUpdate on relodgement of transfer requests.
2025-11-13Board meeting outcomeBoard meeting held on November 13, 2025 which approved results for the quarter and half year ended 30th Sept., 2025
2025-11-13Board meeting outcomeStar Paper Mills Limited has submitted to the Exchange, the financial results for the quarter and half year ended September 30, 2025.
2025-10-24UpdatesShares transferred to IEPF on which dividends were unclaimed and unpaid for consecutive 7 years
2025-10-06UpdatesStatus of re-lodgment of transfer of shares requests
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.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Star Paper Mills Ltd?

Star Paper Mills Ltd (STARPAPER) has a market capitalisation of Rs 237 Cr. at the 2026-10-01 close.

What is the P/E ratio of Star Paper Mills Ltd?

Star Paper Mills Ltd trades at a P/E of 7.66 on trailing twelve-month profit, at the 2026-10-01 close.

What were Star Paper Mills Ltd's latest quarterly results?

In the Jun 2026 quarter, Star Paper Mills Ltd sales was Rs 103 Cr (+2.0% vs Jun 2025) and net profit was Rs 11 Cr.

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

The 52-week high is Rs 177.80 and the 52-week low is Rs 119.05.

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