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Andhra Paper Overview

Andhra Paper Ltd, previously known as International Paper APPM Ltd, is an integrated paper and pulp production enterprise. The Company is engaged inside the enterprise of manufacture and sale of pulp, paper and paper board. It produces writing, printing, copier and industrial papers for foreign and domestic markets and offers various speciality grade products which are custom engineered to suit specific and a number of applications. It offers various office documentation and multipurpose papers, from financial system to top class grades for eac...Read More

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Andhra Paper Key Financials

Market Cap ₹1258 Cr.

Stock P/E 14.2

P/B 0.6

Current Price ₹63.3

Book Value ₹ 97.4

Face Value 2

52W High ₹98

Dividend Yield 1.58%

52W Low ₹ 57

Andhra Paper Share Price

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Volume
Price

Andhra Paper Quarterly Price

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Andhra Paper Peer Comparison

Andhra Paper Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 482 477 364 316 432 386 407 393 362 419
Other Income 21 24 28 25 30 15 18 27 10 29
Total Income 503 501 392 341 463 401 425 421 372 447
Total Expenditure 351 367 329 282 380 357 387 360 369 403
Operating Profit 153 134 63 59 83 44 38 61 3 44
Interest 1 1 1 2 4 5 7 6 4 5
Depreciation 17 17 17 21 21 22 25 26 27 27
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 135 116 46 36 58 17 6 29 -28 12
Provision for Tax 34 34 7 8 16 5 -2 8 -7 2
Profit After Tax 100 82 38 28 42 12 8 21 -20 10
Adjustments 0 0 0 0 0 0 0 -0 0 0
Profit After Adjustments 100 82 38 28 42 12 8 21 -20 10
Adjusted Earnings Per Share 5 4.1 1.9 1.4 2.1 0.6 0.4 1.1 -1 0.5

Andhra Paper Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 1163 1160 1172 1264 1427 1270 887 1380 2098 1801 1541 1581
Other Income 11 7 6 5 15 15 15 45 52 95 89 84
Total Income 1174 1167 1178 1269 1442 1284 902 1425 2150 1896 1630 1665
Total Expenditure 1068 1030 1002 1043 1049 967 826 1159 1363 1370 1407 1519
Operating Profit 106 137 176 227 393 317 76 266 787 526 223 146
Interest 45 40 34 26 9 5 5 5 7 4 18 22
Depreciation 69 73 70 66 68 76 73 72 63 66 88 105
Exceptional Income / Expenses 1 33 -28 -8 -5 0 -4 0 -15 0 0 0
Profit Before Tax -6 56 44 126 311 236 -6 188 701 456 117 19
Provision for Tax -7 19 12 43 111 23 -2 49 179 116 28 1
Profit After Tax 0 37 32 83 200 213 -5 140 522 340 89 19
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 0 37 32 83 200 213 -5 140 522 340 89 19
Adjusted Earnings Per Share 0 1.9 1.6 4.2 10.1 10.7 -0.2 7 26.3 17.1 4.5 1

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -14% 4% 4% 3%
Operating Profit CAGR -58% -6% -7% 8%
PAT CAGR -74% -14% -16% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -11% -9% 8% 0%
ROE Average 5% 21% 15% 15%
ROCE Average 6% 28% 20% 19%

Andhra Paper Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 414 451 478 564 764 976 975 1094 1582 1893 1941
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 237 304 144 65 13 8 7 8 5 47 135
Other Non-Current Liabilities 116 151 130 172 266 302 271 321 80 617 88
Total Current Liabilities 493 389 439 360 264 223 250 303 751 421 891
Total Liabilities 1261 1295 1191 1161 1306 1508 1504 1726 2417 2979 3055
Fixed Assets 833 820 798 742 707 680 619 585 577 795 1024
Other Non-Current Assets 112 133 100 131 198 257 329 416 279 903 271
Total Current Assets 315 341 293 288 400 571 556 724 1561 1280 1760
Total Assets 1261 1295 1191 1161 1306 1508 1504 1726 2417 2979 3055

Andhra Paper Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 15 4 10 7 16 15 14 15 25 21 11
Cash Flow from Operating Activities 128 111 172 215 310 177 104 202 536 319 -55
Cash Flow from Investing Activities -31 -38 -29 -31 -110 -167 -113 -181 -499 -334 -61
Cash Flow from Financing Activities -108 -67 -145 -175 -201 -11 11 -12 -41 5 109
Net Cash Inflow / Outflow -11 6 -3 9 -1 -1 1 9 -4 -10 -7
Closing Cash & Cash Equivalent 4 10 7 16 15 14 15 25 21 11 4

Andhra Paper Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.01 1.86 1.63 4.18 10.06 10.71 -0.23 7.03 26.27 17.09 4.47
CEPS(Rs) 3.48 5.54 5.15 7.49 13.47 14.52 3.46 10.65 29.45 20.4 8.91
DPS(Rs) 0 0 0 0 0 0 1 1.5 2.5 2 1
Book NAV/Share(Rs) 20.82 22.68 24.04 28.36 38.41 49.07 49.04 55.02 79.57 95.21 97.6
Core EBITDA Margin(%) 7.76 10.71 13.82 17.3 26.52 23.82 6.87 16.01 35.03 23.94 8.73
EBIT Margin(%) 3.11 7.95 6.32 11.92 22.41 18.99 -0.19 14.04 33.76 25.55 8.76
Pre Tax Margin(%) -0.51 4.63 3.59 9.88 21.81 18.57 -0.7 13.65 33.42 25.31 7.6
PAT Margin (%) 0.02 3.03 2.63 6.49 14.02 16.77 -0.52 10.12 24.91 18.87 5.77
Cash Profit Margin (%) 5.63 9.05 8.32 11.63 18.77 22.75 7.76 15.34 27.92 22.53 11.5
ROA(%) 0.02 2.89 2.61 7.06 16.22 15.13 -0.31 8.65 25.22 12.59 2.95
ROE(%) 0.06 8.53 6.98 15.94 30.14 24.48 -0.47 13.51 39.04 19.55 4.64
ROCE(%) 4.04 10.48 8.81 18.92 41.22 27.33 -0.17 18.03 51.07 25.34 6.4
Receivable days 18.12 20.19 20.49 19.55 18.3 16.43 23.95 23.56 21.76 21.13 20.08
Inventory Days 60.63 62.26 58.94 48.29 39.86 54.68 79.8 40.91 27.73 41.62 66.21
Payable days 87.08 70.07 83.53 98.93 115.63 144.83 133.21 80.5 79.64 90.95 82.09
PER(x) 5065.81 31.67 39.58 13.91 8.88 2.7 0 8.45 3.15 5.69 15.39
Price/Book(x) 3.03 2.59 2.68 2.05 2.33 0.59 0.9 1.08 1.04 1.02 0.7
Dividend Yield(%) 0 0 0 0 0 0 2.28 2.53 3.02 2.06 1.45
EV/Net Sales(x) 1.51 1.41 1.4 1.07 1.21 0.33 0.93 0.85 0.78 1.12 1.06
EV/Core EBITDA(x) 16.52 11.92 9.3 5.95 4.39 1.3 10.81 4.43 2.09 3.83 7.34
Net Sales Growth(%) 6.56 -0.3 1.08 7.82 12.92 -11.04 -30.16 55.65 51.98 -14.16 -14.4
EBIT Growth(%) 393.65 152.46 -19.49 96.02 109.69 -24.62 -100.7 0 265.4 -35.03 -70.66
PAT Growth(%) 100.6 0 -12.19 156.41 140.86 6.42 -102.16 3138.58 273.9 -34.97 -73.83
EPS Growth(%) 100.6 0 -12.19 156.42 140.86 6.42 -102.16 3138.57 273.9 -34.97 -73.83
Debt/Equity(x) 1.21 1.06 0.76 0.37 0.02 0.01 0.03 0.05 0.03 0.06 0.14
Current Ratio(x) 0.64 0.88 0.67 0.8 1.52 2.56 2.22 2.39 2.08 3.04 1.98
Quick Ratio(x) 0.23 0.33 0.25 0.37 0.92 1.56 1.57 1.91 1.85 2.48 1.61
Interest Cover(x) 0.86 2.4 2.32 5.85 37.45 45.29 -0.37 35.59 98.75 104.21 7.54
Total Debt/Mcap(x) 0.4 0.41 0.28 0.18 0.01 0.02 0.04 0.04 0.03 0.06 0.2

Andhra Paper Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 72.31 72.31 72.31 72.31 72.45 72.45 72.45 72.45 72.45 72.45
FII 2.65 2.62 2.33 2.31 1.35 1.02 0.96 0.84 0.78 0.79
DII 2.56 2.22 2.6 2.6 4.53 4.67 4.68 4.68 4.68 4.74
Public 22.48 22.85 22.75 22.77 21.67 21.86 21.92 22.03 22.09 22.02
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Andhra Paper News

Andhra Paper Pros & Cons

Pros

  • Stock is trading at 0.6 times its book value
  • Company has a good return on equity (ROE) track record: 3 Years ROE 21%
  • Debtor days have improved from 90.95 to 82.09days.
  • Company is almost debt free.

Cons

  • The company has delivered a poor profit growth of -16% over past five years.
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