Market Cap ₹73 Cr.
Stock P/E -10.7
P/B -0.4
Current Price ₹22.7
Book Value ₹ -52.9
Face Value 10
52W High ₹27.5
Dividend Yield 0%
52W Low ₹ 15.1
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 combined with a healthy relationship with customers and suppliers has supported BPML’s business risk profile. Despite facing challenges such as continuous losses and lower capacity utilization at one of its plants, BPML is planning to achieve operating profits and full capacity utilization in the near future.
Price goes above X
Price falls below X
PE goes above X
PE falls below X
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| #(Fig in Cr.) | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 5 | 1 | 1 | 1 | 2 | 0 | 0 | 1 | 2 | 1 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 5 | 2 | 1 | 1 | 2 | 0 | 0 | 1 | 2 | 1 |
| Total Expenditure | 8 | 4 | 1 | 2 | 2 | 0 | 0 | 1 | 2 | 1 |
| Operating Profit | -3 | -3 | -0 | -0 | -1 | -0 | -0 | -0 | -0 | -0 |
| Interest | 3 | 3 | 2 | 2 | 3 | 2 | 2 | 1 | 1 | 1 |
| Depreciation | 2 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | -25 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | -7 | -7 | -2 | -2 | -29 | -2 | -2 | -1 | -1 | -1 |
| Provision for Tax | 0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -7 | -8 | -2 | -2 | -29 | -2 | -2 | -1 | -1 | -1 |
| Adjustments | 0 | 0 | -29 | -2 | 0 | 8 | -1 | -0 | 8 | -0 |
| Profit After Adjustments | -7 | -8 | -31 | -4 | -29 | 6 | -3 | -2 | 7 | -2 |
| Adjusted Earnings Per Share | -4.6 | -4.8 | -1.3 | -1.6 | -26.9 | -0.6 | -0.6 | -0.4 | -0.4 | -0.4 |
| #(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 | 4 |
| 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 | 4 |
| Total Expenditure | 22 | 166 | 192 | 231 | 237 | 209 | 136 | 248 | 144 | 4 | 3 | 4 |
| 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 | 7 |
| Profit After Adjustments | -3 | 16 | -23 | -40 | -42 | -35 | -26 | -5 | -52 | -71 | 8 | 0 |
| Adjusted Earnings Per Share | -2 | 10.6 | -15 | -25.7 | -27 | -22.1 | -16.6 | -3 | -33.2 | -7.6 | -2.1 | -1.8 |
| # | 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 | -5% | -1% | 20% | -4% |
| ROE Average | 0% | 0% | 0% | -15% |
| ROCE Average | 0% | -16% | -11% | -10% |
| #(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 |
| #(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 |
| # | 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 |
| # | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 58.7 | 58.7 | 58.7 | 58.7 | 59.95 | 59.95 | 59.95 | 59.95 | 59.95 | 59.95 |
| FII | 0 | 0 | 0 | 0 | 0.01 | 0.01 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 41.3 | 41.3 | 41.3 | 41.3 | 40.04 | 40.04 | 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 |
| # | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.63 | 0.63 | 0.63 | 0.63 | 1.93 | 1.93 | 1.93 | 1.93 | 1.93 | 1.93 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.44 | 0.44 | 0.44 | 0.44 | 1.29 | 1.29 | 1.29 | 1.29 | 1.29 | 1.29 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1.07 | 1.07 | 1.07 | 1.07 | 3.22 | 3.22 | 3.22 | 3.22 | 3.22 | 3.22 |
Pros
Cons
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
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| Companies | Open Date | Close Date | Issue Price | Cost of 1 Lot | Listing Price | Listing Gain(%) | Current Price | Return (%) | Type | Exchange |
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| Companies | Open Date | Close Date | Issue Price | Cost of 1 Lot | Listing Price | Listing Gain(%) | Current Price | Return (%) | Type | Exchange |
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| Companies | Open Date | Close Date | Issue Price | Cost of 1 Lot | Listing Price | Listing Gain(%) | Current Price | Return (%) | Type | Exchange |
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