WEBSITE BSE:533208 NSE: EMAMI PAPER Inc. Year: 1981 Industry: Paper & Paper Products
Last updated: 15:46
Emami Paper Mills Ltd is a newsprint producer that has commercial enterprise interests in FMCG, edible oil, paper, writing gadgets, healthcare, retail departmental stores and real estate. The Company specializes within the manufacture of newsprint and writing and printing paper. It operates through the Manufacture of Paper & Paper Board section. Its writing and printing paper products include White Creamwove, Maplitho and Ledger Paper. It offers writing and printing paper for diverse applications, along with exercise notebooks, query sheets, re...Read More
Emami Paper Mills Ltd is a newsprint producer that has commercial enterprise interests in FMCG, edible oil, paper, writing gadgets, healthcare, retail departmental stores and real estate. The Company specializes within the manufacture of newsprint and writing and printing paper. It operates through the Manufacture of Paper & Paper Board section. Its writing and printing paper products include White Creamwove, Maplitho and Ledger Paper. It offers writing and printing paper for diverse applications, along with exercise notebooks, query sheets, registers/ledger books and different material. Its clients include newspaper establishments, authorities presses, and note book manufacturers in Kolkata, New Delhi, Orissa, Ranchi and Raipur. It commonly operates in India. It has an mounted capability to fabricate approximately 145000 tons/annum of newsprint, printing and writing paper. It has manufacturing centers in Balasore (Orissa) and Kolkata (West Bengal). ...Read Less
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Market Cap ₹459 Cr.
Stock P/E 17.6
P/B 0.8
Current Price ₹75.8
Book Value ₹ 99
Face Value 2
52W High ₹122.7
Dividend Yield 2.11%
52W Low ₹ 71.6
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(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 | 455 | 515 | 484 | 504 | 495 | 454 | 475 | 460 | 451 | 500 |
| Other Income | 0 | 1 | 2 | 1 | 1 | 1 | 2 | 2 | 5 | 1 |
| Total Income | 455 | 516 | 486 | 504 | 496 | 456 | 477 | 461 | 456 | 501 |
| Total Expenditure | 405 | 434 | 414 | 460 | 458 | 424 | 444 | 422 | 414 | 440 |
| Operating Profit | 50 | 82 | 72 | 44 | 38 | 32 | 33 | 39 | 41 | 61 |
| Interest | 16 | 16 | 16 | 14 | 15 | 17 | 16 | 17 | 17 | 18 |
| Depreciation | 12 | 13 | 21 | 13 | 13 | 13 | 13 | 13 | 14 | 14 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3 |
| Profit Before Tax | 22 | 53 | 35 | 17 | 10 | 2 | 4 | 9 | 10 | 26 |
| Provision for Tax | 6 | 13 | 8 | 5 | 3 | 0 | 0 | 3 | 3 | 9 |
| Profit After Tax | 16 | 39 | 27 | 13 | 8 | 2 | 4 | 6 | 7 | 17 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 16 | 39 | 27 | 13 | 8 | 2 | 4 | 6 | 7 | 17 |
| Adjusted Earnings Per Share | 2.7 | 6.5 | 4.5 | 2.1 | 1.3 | 0.3 | 0.6 | 1 | 1.1 | 2.8 |
| #(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 | 521 | 539 | 1140 | 1356 | 1538 | 1515 | 1216 | 1958 | 2381 | 1994 | 1928 | 1886 |
| Other Income | 20 | 13 | 24 | 15 | 11 | 11 | 21 | 2 | 2 | 3 | 4 | 10 |
| Total Income | 541 | 552 | 1164 | 1371 | 1550 | 1526 | 1237 | 1960 | 2383 | 1997 | 1933 | 1895 |
| Total Expenditure | 470 | 492 | 1012 | 1199 | 1300 | 1307 | 1039 | 1644 | 2159 | 1758 | 1786 | 1720 |
| Operating Profit | 71 | 60 | 152 | 172 | 250 | 220 | 198 | 316 | 224 | 240 | 146 | 174 |
| Interest | 27 | 23 | 70 | 84 | 114 | 125 | 96 | 83 | 63 | 67 | 61 | 68 |
| Depreciation | 27 | 27 | 56 | 64 | 69 | 73 | 72 | 74 | 68 | 60 | 52 | 54 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | -27 | 72 | -6 | 0 | 0 | 0 | -3 |
| Profit Before Tax | 17 | 11 | 26 | 24 | 66 | -5 | 103 | 153 | 93 | 112 | 33 | 49 |
| Provision for Tax | 5 | -17 | 7 | 8 | 22 | 6 | 52 | 39 | 24 | 28 | 7 | 15 |
| Profit After Tax | 12 | 28 | 19 | 16 | 44 | -10 | 51 | 115 | 69 | 84 | 26 | 34 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 12 | 28 | 19 | 16 | 44 | -10 | 51 | 115 | 69 | 84 | 26 | 34 |
| Adjusted Earnings Per Share | 1.3 | 3.8 | 3.2 | 2.7 | 7.3 | -1.7 | 8.4 | 19 | 11.4 | 13.9 | 4.3 | 5.5 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | -3% | -1% | 5% | 14% |
| Operating Profit CAGR | -39% | -23% | -8% | 7% |
| PAT CAGR | -69% | -39% | 0% | 8% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -17% | -14% | -5% | 6% |
| ROE Average | 5% | 13% | 18% | 12% |
| ROCE Average | 7% | 10% | 12% | 9% |
| #(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 | 432 | 450 | 234 | 243 | 258 | 219 | 539 | 653 | 699 | 774 | 678 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 654 | 707 | 918 | 962 | 894 | 780 | 405 | 348 | 275 | 230 | 314 |
| Other Non-Current Liabilities | 51 | 36 | 80 | 76 | 84 | 75 | 102 | 143 | 159 | 167 | 174 |
| Total Current Liabilities | 272 | 465 | 579 | 684 | 874 | 844 | 742 | 635 | 843 | 544 | 651 |
| Total Liabilities | 1409 | 1658 | 1812 | 1964 | 2111 | 1918 | 1788 | 1779 | 1976 | 1714 | 1817 |
| Fixed Assets | 448 | 1195 | 1220 | 1282 | 1297 | 1298 | 1225 | 1161 | 1148 | 1085 | 1059 |
| Other Non-Current Assets | 669 | 54 | 98 | 91 | 165 | 37 | 64 | 90 | 52 | 64 | 74 |
| Total Current Assets | 292 | 408 | 495 | 592 | 648 | 583 | 499 | 528 | 776 | 554 | 680 |
| Total Assets | 1409 | 1658 | 1812 | 1964 | 2111 | 1918 | 1788 | 1779 | 1976 | 1714 | 1817 |
| #(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 | 163 | 89 | 75 | 30 | 14 | 9 | 19 | 12 | 0 | 0 | 5 |
| Cash Flow from Operating Activities | 38 | -80 | -15 | 69 | 275 | 313 | 246 | 329 | 32 | 351 | 44 |
| Cash Flow from Investing Activities | -419 | -102 | -60 | -124 | -157 | 31 | -7 | -34 | -24 | -10 | -17 |
| Cash Flow from Financing Activities | 307 | 167 | 30 | 39 | -123 | -335 | -246 | -307 | -9 | -336 | -32 |
| Net Cash Inflow / Outflow | -74 | -14 | -45 | -16 | -4 | 10 | -7 | -12 | -0 | 5 | -5 |
| Closing Cash & Cash Equivalent | 89 | 75 | 30 | 14 | 9 | 19 | 12 | 0 | 0 | 5 | 0 |
| # | 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) | 1.3 | 3.8 | 3.15 | 2.71 | 7.27 | -1.73 | 8.44 | 18.98 | 11.43 | 13.93 | 4.3 |
| CEPS(Rs) | 6.42 | 9.02 | 12.38 | 13.34 | 18.74 | 10.26 | 20.36 | 31.19 | 22.61 | 23.9 | 12.84 |
| DPS(Rs) | 0.6 | 0.6 | 1.2 | 1.2 | 1.2 | 0 | 0 | 1.6 | 1.6 | 1.6 | 1.6 |
| Book NAV/Share(Rs) | 61.26 | 64.18 | 38.75 | 40.18 | 42.65 | 36.19 | 48.92 | 67.69 | 75.24 | 87.7 | 84.52 |
| Core EBITDA Margin(%) | 9.75 | 8.67 | 10.82 | 11.47 | 15.51 | 13.76 | 14.57 | 16.04 | 9.31 | 11.85 | 7.36 |
| EBIT Margin(%) | 8.41 | 6.13 | 8.12 | 7.87 | 11.74 | 7.92 | 16.32 | 12.06 | 6.57 | 9 | 4.91 |
| Pre Tax Margin(%) | 3.29 | 1.98 | 2.2 | 1.75 | 4.31 | -0.3 | 8.44 | 7.84 | 3.91 | 5.62 | 1.73 |
| PAT Margin (%) | 2.31 | 5.12 | 1.61 | 1.2 | 2.86 | -0.69 | 4.2 | 5.86 | 2.91 | 4.23 | 1.35 |
| Cash Profit Margin (%) | 7.37 | 10.02 | 6.32 | 5.91 | 7.37 | 4.1 | 10.13 | 9.64 | 5.74 | 7.25 | 4.03 |
| ROA(%) | 1.01 | 1.82 | 1.1 | 0.87 | 2.16 | -0.52 | 2.76 | 6.44 | 3.68 | 4.57 | 1.47 |
| ROE(%) | 3.57 | 7.36 | 6.13 | 6.86 | 17.56 | -4.38 | 19.83 | 32.55 | 16 | 17.1 | 4.99 |
| ROCE(%) | 4.07 | 2.4 | 6.11 | 6.33 | 10.1 | 7.01 | 12.94 | 16.37 | 10.45 | 12.21 | 6.69 |
| Receivable days | 31.17 | 49.08 | 38.78 | 49.5 | 51.06 | 50.38 | 61.58 | 39.03 | 36.81 | 47.93 | 48.69 |
| Inventory Days | 65.43 | 96.6 | 61.88 | 65.46 | 70.36 | 73.52 | 75.16 | 41.92 | 48.74 | 60.03 | 58.31 |
| Payable days | 56.74 | 81.05 | 40.27 | 35.55 | 54.61 | 75.5 | 90.26 | 50.41 | 40.79 | 45.55 | 36.38 |
| PER(x) | 33 | 10.76 | 37.65 | 70.81 | 23.66 | 0 | 14.61 | 8.63 | 9.82 | 8.19 | 19.46 |
| Price/Book(x) | 0.7 | 0.64 | 3.06 | 4.77 | 4.03 | 1.45 | 2.52 | 2.42 | 1.49 | 1.3 | 0.99 |
| Dividend Yield(%) | 1.4 | 1.47 | 1.01 | 0.63 | 0.7 | 0 | 0 | 0.98 | 1.43 | 1.4 | 1.91 |
| EV/Net Sales(x) | 2.04 | 2.42 | 1.82 | 1.97 | 1.68 | 1.12 | 1.55 | 1.03 | 0.75 | 0.77 | 0.75 |
| EV/Core EBITDA(x) | 14.96 | 21.67 | 13.65 | 15.56 | 10.31 | 7.73 | 9.51 | 6.39 | 7.95 | 6.41 | 9.85 |
| Net Sales Growth(%) | -4.67 | 3.41 | 111.58 | 18.95 | 13.44 | -1.5 | -19.74 | 60.96 | 21.61 | -16.26 | -3.3 |
| EBIT Growth(%) | -23.39 | -24.47 | 187.96 | 11.74 | 67.94 | -33.58 | 65.41 | 18.99 | -33.72 | 14.6 | -47.28 |
| PAT Growth(%) | -34.64 | 129.48 | -31.66 | -14.15 | 168.56 | -123.76 | 588.61 | 124.83 | -39.75 | 21.87 | -69.15 |
| EPS Growth(%) | -51.27 | 191.99 | -17.11 | -14.15 | 168.56 | -123.76 | 588.61 | 124.83 | -39.75 | 21.87 | -69.15 |
| Debt/Equity(x) | 1.93 | 2.39 | 5.94 | 6.29 | 6 | 6.4 | 1.68 | 1.2 | 1.23 | 0.78 | 1.14 |
| Current Ratio(x) | 1.08 | 0.88 | 0.85 | 0.87 | 0.74 | 0.69 | 0.67 | 0.83 | 0.92 | 1.02 | 1.04 |
| Quick Ratio(x) | 0.65 | 0.51 | 0.46 | 0.48 | 0.36 | 0.36 | 0.37 | 0.47 | 0.44 | 0.57 | 0.48 |
| Interest Cover(x) | 1.64 | 1.48 | 1.37 | 1.29 | 1.58 | 0.96 | 2.07 | 2.85 | 2.47 | 2.67 | 1.55 |
| Total Debt/Mcap(x) | 3.21 | 4.34 | 1.94 | 1.32 | 1.49 | 4.42 | 1.22 | 0.79 | 1.26 | 0.88 | 1.52 |
| # | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 74.97 | 74.97 | 74.97 | 74.97 | 74.97 | 74.97 | 74.97 | 74.97 | 74.97 | 74.97 |
| FII | 0.5 | 0.5 | 0.5 | 0.5 | 0.56 | 0.55 | 0.55 | 0.54 | 0.53 | 0.53 |
| DII | 4.33 | 3.81 | 3.01 | 1.03 | 0.58 | 0 | 0 | 0 | 0.04 | 0.07 |
| Public | 20.2 | 20.72 | 21.52 | 23.5 | 23.88 | 24.47 | 24.47 | 24.49 | 24.46 | 24.43 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 4.54 | 4.54 | 4.54 | 4.54 | 4.54 | 4.54 | 4.54 | 4.54 | 4.54 | 4.54 |
| FII | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 |
| DII | 0.26 | 0.23 | 0.18 | 0.06 | 0.04 | 0 | 0 | 0 | 0 | 0 |
| Public | 1.22 | 1.25 | 1.3 | 1.42 | 1.44 | 1.48 | 1.48 | 1.48 | 1.48 | 1.48 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6.05 | 6.05 | 6.05 | 6.05 | 6.05 | 6.05 | 6.05 | 6.05 | 6.05 | 6.05 |
* The pros and cons are machine generated.
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