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Balkrishna Paper Overview

Balkrishna Paper Mills Ltd. (BPML) is a well-established entity in the paper manufacturing industry recognized for expertise in producing coated duplex boards. The company began its journey in Mumbai in 1975 with a modest capacity of 15 MT per day of Duplex board. BPML’s products are essential for packaging in sectors such as pharmaceuticals, toiletries, cosmetics and food products. The company’s promoters have decades of experience which has been instrumental in establishing BPML’s reputation in market. This experience com...Read More

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Balkrishna Paper Key Financials

Market Cap ₹41 Cr.

Stock P/E -6.2

P/B -0.2

Current Price ₹12.9

Book Value ₹ -53.9

Face Value 10

52W High ₹27

Dividend Yield 0%

52W Low ₹ 12

Balkrishna Paper Share Price

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Volume
Price

Balkrishna Paper Quarterly Price

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Balkrishna Paper Peer Comparison

Balkrishna 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 1 1 2 0 0 1 2 1 1 2
Other Income 0 0 0 0 0 0 0 0 0 0
Total Income 1 1 2 0 0 1 2 1 1 2
Total Expenditure 1 2 2 0 0 1 2 1 1 2
Operating Profit -0 -0 -1 -0 -0 -0 -0 -0 -0 -0
Interest 2 2 3 2 2 1 1 1 1 2
Depreciation 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 -25 0 0 0 0 0 0 0
Profit Before Tax -2 -2 -29 -2 -2 -1 -1 -1 -1 -2
Provision for Tax 0 0 -0 0 0 0 0 0 0 0
Profit After Tax -2 -2 -29 -2 -2 -1 -1 -1 -1 -2
Adjustments -29 -2 0 8 -1 -0 8 -0 -0 2
Profit After Adjustments -31 -4 -29 6 -3 -2 7 -2 -2 -0
Adjusted Earnings Per Share -1.3 -1.6 -26.9 -0.6 -0.6 -0.4 -0.4 -0.4 -0.4 -0.6

Balkrishna 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 20 158 179 208 214 196 126 242 109 3 2 6
Other Income 0 1 5 2 0 0 3 2 0 0 0 0
Total Income 20 159 185 210 214 196 129 245 109 3 2 6
Total Expenditure 22 166 192 231 237 209 136 248 144 4 3 6
Operating Profit -2 -8 -7 -20 -23 -13 -6 -3 -35 -1 -1 0
Interest 1 5 7 11 14 13 13 8 11 7 6 5
Depreciation 1 4 6 7 7 7 6 6 6 0 0 0
Exceptional Income / Expenses 0 44 0 0 0 0 0 14 0 0 0 0
Profit Before Tax -3 27 -20 -38 -44 -33 -26 -5 -52 -8 -7 -5
Provision for Tax 0 10 4 2 -1 2 0 0 -0 0 0 0
Profit After Tax -3 16 -23 -40 -42 -35 -26 -5 -52 -8 -7 -5
Adjustments 0 0 0 0 0 0 0 0 0 -63 15 10
Profit After Adjustments -3 16 -23 -40 -42 -35 -26 -5 -52 -71 8 3
Adjusted Earnings Per Share -2 10.6 -15 -25.7 -27 -22.1 -16.6 -3 -33.2 -7.6 -2.1 -1.8

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -33% -80% -60% -21%
Operating Profit CAGR 0% 0% 0% 0%
PAT CAGR 0% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -33% -16% -3% -7%
ROE Average 0% 0% 0% -15%
ROCE Average 0% -16% -11% -10%

Balkrishna 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 59 75 49 9 -33 -68 -94 -99 -150 -222 -169
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 40 47 42 87 97 145 126 163 159 134 110
Other Non-Current Liabilities 10 15 19 24 27 28 31 33 40 33 18
Total Current Liabilities 78 71 96 90 117 92 152 90 86 98 54
Total Liabilities 187 207 205 210 208 196 215 187 135 45 19
Fixed Assets 79 77 156 155 149 146 139 128 121 27 0
Other Non-Current Assets 69 82 8 3 8 3 2 2 0 0 0
Total Current Assets 38 47 41 52 51 48 73 58 13 11 2
Total Assets 187 207 205 210 208 196 215 187 135 45 19

Balkrishna 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 0 0 4 0 0 0 0 31 0 0 0
Cash Flow from Operating Activities 3 -2 4 -36 -3 -14 24 -55 -20 -8 -4
Cash Flow from Investing Activities -2 18 3 -2 -2 -0 -0 19 2 12 24
Cash Flow from Financing Activities -0 -13 -10 39 6 14 8 5 18 -4 -19
Net Cash Inflow / Outflow 0 3 -3 -0 0 -0 31 -31 0 -0 0
Closing Cash & Cash Equivalent 0 4 0 0 0 0 31 0 0 0 1

Balkrishna 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) -1.99 10.55 -15.02 -25.74 -27.05 -22.13 -16.55 -3 -33.22 -7.64 -2.06
CEPS(Rs) -1.64 12.9 -11.33 -21.36 -22.82 -17.89 -12.5 0.95 -29.3 -7.58 -2.06
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 37.5 48.1 31.46 5.69 -21.29 -43.51 -60.06 -63.09 -96.36 -206.6 -52.43
Core EBITDA Margin(%) -9.24 -5 -6.31 -10.69 -10.51 -6.75 -7.22 -2.3 -31.96 -27.79 -36.03
EBIT Margin(%) -11.49 19.27 -6.5 -12.77 -13.52 -9.99 -10 1.64 -37.41 -28.91 -32.97
Pre Tax Margin(%) -14.46 16.07 -10.34 -17.77 -20.21 -16.56 -20.15 -1.85 -47.43 -239.04 -285.97
PAT Margin (%) -14.73 9.84 -12.28 -18.85 -19.56 -17.5 -20.29 -1.92 -47.28 -239.04 -285.97
Cash Profit Margin (%) -12.19 12.03 -9.26 -15.64 -16.5 -14.15 -15.32 0.61 -41.7 -237.26 -285.24
ROA(%) -3.32 8.38 -11.38 -19.35 -20.23 -17.12 -12.59 -2.33 -32.24 -9.11 -20.69
ROE(%) -10.58 24.66 -37.76 -138.54 0 0 0 0 0 0 0
ROCE(%) -3.27 21.16 -8.65 -20.35 -23.4 -17.9 -12.32 3.91 -45.89 -3 0
Receivable days 256.4 27.45 23.23 25.87 27.09 25.05 31.99 12.7 11.48 141.3 177.65
Inventory Days 287.76 32.57 28.22 35.99 45.64 50.2 69.98 46.95 79.68 761.17 0
Payable days 334.26 94.85 124.08 123.49 139.61 180.46 232.62 104.99 139.05 1267.86 632.91
PER(x) 0 2.5 0 0 0 0 0 0 0 0 0
Price/Book(x) 0 0.55 1.8 8.62 -1.21 -0.18 -0.22 -0.53 -0.17 -0.12 -0.32
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 5.05 0.76 0.94 0.99 0.86 0.96 1.43 1.06 2.28 69.9 91.94
EV/Core EBITDA(x) -52.92 -15.36 -25.44 -10.05 -8.2 -14.38 -28.26 -75.82 -7.13 -257.63 -285.18
Net Sales Growth(%) 0 701.44 13.52 15.94 3 -8.51 -35.51 91.66 -54.9 -96.86 -32.27
EBIT Growth(%) 0 1433.76 -138.5 -119.34 -7.16 32.39 35.44 131.32 -1128.49 97.58 22.75
PAT Growth(%) 0 631.64 -242.33 -71.31 -5.1 18.18 25.21 81.86 -1006.66 84.19 18.97
EPS Growth(%) -357.65 631.64 -242.33 -71.31 -5.1 18.18 25.21 81.86 -1006.66 77.02 72.99
Debt/Equity(x) 1.52 1.09 1.65 14.49 -4.36 -2.6 -2.05 -2.08 -1.48 -0.97 -0.95
Current Ratio(x) 0.49 0.67 0.43 0.58 0.43 0.52 0.48 0.64 0.16 0.11 0.03
Quick Ratio(x) 0.28 0.48 0.26 0.29 0.19 0.24 0.33 0.2 0.07 0.05 0.03
Interest Cover(x) -3.88 6.02 -1.69 -2.56 -2.02 -1.52 -0.99 0.47 -3.73 -0.14 -0.13
Total Debt/Mcap(x) 0 1.99 0.92 1.68 3.61 14.42 9.44 3.93 8.59 2.81 2.93

Balkrishna Paper Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 58.7 58.7 58.7 59.95 59.95 59.95 59.95 59.95 59.95 59.95
FII 0 0 0 0.01 0.01 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 41.3 41.3 41.3 40.04 40.04 40.05 40.05 40.05 40.05 40.05
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Balkrishna Paper News

Balkrishna Paper Pros & Cons

Pros

  • Stock is trading at -0.2 times its book value
  • Debtor days have improved from 1267.86 to 632.91days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 0% over the last 3 years.
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