Market Cap ₹787 Cr.
Stock P/E 44.6
P/B 1
Current Price ₹462.3
Book Value ₹ 464.9
Face Value 10
52W High ₹498.8
Dividend Yield 0.43%
52W Low ₹ 210.1
N R Agarwal Industries Ltd is an totally India-based company, which is engaged within the manufacture of paper, paper boards and newsprint. The Company is likewise concerned in duplex forums, and writing and printing enterprise. It is engaged inside the improvement and manufacturing of finished paper merchandise with the aid of recycling of waste paper, and marketing in domestic and global markets. Its products include duplex boards, which encompass Grey Back Unit I, Grey Back Unit IV, White Back Unit I, White Back Unit III; writing and printing papers, which consist of NR Excel Specification Sheet (SS), NR Excel NSS, NR Maxima SS, NR Maxima NSS and NR Classic NSS, and newsprint, which includes NR Hi-Speed News Print. In addition, the Company owns a cogeneration electricity plant to produce power, in addition to steam in all units of board, news print, and writing and printing paper required for pulp and paper technique. It has approximately five manufacturing plants positioned at Valsad, Gujarat.
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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 | 386 | 369 | 342 | 336 | 247 | 347 | 428 | 418 | 466 | 452 |
| Other Income | 2 | 3 | 2 | 2 | 0 | 7 | 9 | 14 | 1 | 26 |
| Total Income | 389 | 371 | 343 | 338 | 248 | 354 | 437 | 432 | 467 | 478 |
| Total Expenditure | 351 | 322 | 294 | 288 | 211 | 319 | 401 | 389 | 438 | 436 |
| Operating Profit | 37 | 49 | 49 | 50 | 36 | 35 | 36 | 42 | 29 | 42 |
| Interest | 3 | 2 | 1 | 2 | 5 | 13 | 16 | 16 | 16 | 16 |
| Depreciation | 9 | 9 | 9 | 9 | 10 | 16 | 16 | 17 | 16 | 17 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 25 | 39 | 39 | 39 | 21 | 6 | 4 | 9 | -3 | 10 |
| Provision for Tax | 5 | -2 | 1 | 7 | 5 | 3 | -4 | -3 | 3 | -7 |
| Profit After Tax | 20 | 41 | 38 | 31 | 16 | 3 | 8 | 13 | -7 | 17 |
| Adjustments | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 20 | 41 | 38 | 31 | 16 | 3 | 8 | 13 | -7 | 17 |
| Adjusted Earnings Per Share | 11.7 | 23.8 | 22.2 | 18.5 | 9.2 | 2 | 4.9 | 7.5 | -4 | 9.7 |
| #(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 | 725 | 883 | 1044 | 1190 | 1318 | 1405 | 1146 | 1617 | 1766 | 1293 | 1659 | 1764 |
| Other Income | 6 | 8 | 6 | 6 | 8 | 12 | 8 | 11 | 13 | 8 | 33 | 50 |
| Total Income | 731 | 891 | 1050 | 1197 | 1327 | 1417 | 1154 | 1628 | 1779 | 1301 | 1692 | 1814 |
| Total Expenditure | 695 | 818 | 906 | 1033 | 1134 | 1189 | 1013 | 1474 | 1582 | 1115 | 1549 | 1664 |
| Operating Profit | 36 | 73 | 144 | 164 | 193 | 228 | 141 | 154 | 197 | 186 | 142 | 149 |
| Interest | 36 | 46 | 43 | 40 | 35 | 36 | 30 | 25 | 14 | 11 | 61 | 64 |
| Depreciation | 18 | 23 | 25 | 26 | 27 | 32 | 33 | 34 | 36 | 37 | 66 | 66 |
| Exceptional Income / Expenses | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | -17 | 4 | 78 | 97 | 131 | 161 | 78 | 95 | 148 | 138 | 16 | 20 |
| Provision for Tax | 16 | -14 | 28 | 7 | 36 | 44 | 20 | 34 | 48 | 12 | -2 | -11 |
| Profit After Tax | -33 | 18 | 50 | 90 | 95 | 117 | 57 | 61 | 99 | 125 | 18 | 31 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | -33 | 18 | 50 | 90 | 95 | 117 | 57 | 61 | 99 | 125 | 18 | 31 |
| Adjusted Earnings Per Share | -19.6 | 10.5 | 29.2 | 53 | 55.6 | 68.6 | 33.6 | 35.9 | 58.3 | 73.7 | 10.4 | 18.1 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 28% | 1% | 3% | 9% |
| Operating Profit CAGR | -24% | -3% | -9% | 15% |
| PAT CAGR | -86% | -33% | -31% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 35% | 12% | 20% | 29% |
| ROE Average | 2% | 12% | 12% | 19% |
| ROCE Average | 6% | 14% | 15% | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 76 | 94 | 133 | 219 | 312 | 419 | 476 | 536 | 636 | 760 | 775 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 229 | 217 | 187 | 154 | 160 | 131 | 46 | 36 | 133 | 446 | 501 |
| Other Non-Current Liabilities | 86 | 122 | 148 | 126 | 103 | 118 | 109 | 108 | 123 | 107 | 109 |
| Total Current Liabilities | 271 | 234 | 190 | 204 | 229 | 198 | 302 | 321 | 154 | 253 | 385 |
| Total Liabilities | 663 | 667 | 659 | 703 | 805 | 865 | 933 | 1001 | 1045 | 1567 | 1770 |
| Fixed Assets | 458 | 447 | 436 | 464 | 526 | 572 | 584 | 501 | 483 | 1135 | 1197 |
| Other Non-Current Assets | 15 | 34 | 35 | 30 | 27 | 31 | 37 | 43 | 218 | 46 | 62 |
| Total Current Assets | 190 | 186 | 188 | 209 | 251 | 261 | 312 | 365 | 343 | 384 | 511 |
| Total Assets | 663 | 667 | 659 | 703 | 805 | 865 | 933 | 1001 | 1045 | 1567 | 1770 |
| #(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 | 4 | 11 | 6 | 5 | 8 | 6 | 6 | 0 | 0 | 8 | 0 |
| Cash Flow from Operating Activities | 63 | 38 | 91 | 104 | 112 | 191 | 116 | 96 | 129 | 135 | 176 |
| Cash Flow from Investing Activities | -63 | -31 | -14 | -47 | -85 | -52 | -48 | -41 | -96 | -548 | -175 |
| Cash Flow from Financing Activities | 6 | -11 | -78 | -55 | -29 | -139 | -67 | -55 | -25 | 405 | -1 |
| Net Cash Inflow / Outflow | 7 | -5 | -1 | 3 | -2 | -0 | 2 | -0 | 8 | -8 | 0 |
| Closing Cash & Cash Equivalent | 11 | 6 | 5 | 8 | 6 | 6 | 7 | 0 | 8 | 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) | -19.65 | 10.47 | 29.22 | 53.03 | 55.61 | 68.6 | 33.63 | 35.85 | 58.35 | 73.72 | 10.37 |
| CEPS(Rs) | -9.27 | 24.27 | 43.62 | 68.45 | 71.74 | 87.11 | 53.03 | 56.07 | 79.39 | 95.7 | 48.9 |
| DPS(Rs) | 0 | 0 | 2 | 3 | 4 | 0 | 1 | 0 | 0 | 2 | 2 |
| Book NAV/Share(Rs) | 44.8 | 55.28 | 78.25 | 128.91 | 183.53 | 246.07 | 279.98 | 314.97 | 373.48 | 446.73 | 455.13 |
| Core EBITDA Margin(%) | 3.99 | 7.06 | 12.62 | 12.83 | 13.79 | 15.39 | 11.57 | 8.83 | 10.44 | 13.75 | 6.61 |
| EBIT Margin(%) | 2.43 | 5.39 | 11.04 | 11.19 | 12.36 | 14.01 | 9.42 | 7.41 | 9.15 | 11.46 | 4.63 |
| Pre Tax Margin(%) | -2.26 | 0.44 | 7.14 | 7.92 | 9.78 | 11.46 | 6.78 | 5.85 | 8.37 | 10.64 | 0.96 |
| PAT Margin (%) | -4.4 | 1.93 | 4.54 | 7.36 | 7.08 | 8.31 | 5 | 3.77 | 5.62 | 9.7 | 1.06 |
| Cash Profit Margin (%) | -2.08 | 4.47 | 6.78 | 9.5 | 9.13 | 10.55 | 7.88 | 5.9 | 7.65 | 12.59 | 5.02 |
| ROA(%) | -5.47 | 2.68 | 7.5 | 13.25 | 12.55 | 13.98 | 6.36 | 6.31 | 9.71 | 9.61 | 1.06 |
| ROE(%) | -35.79 | 20.93 | 43.77 | 51.19 | 35.6 | 31.94 | 12.78 | 12.05 | 16.95 | 17.98 | 2.3 |
| ROCE(%) | 4.32 | 11.29 | 27.67 | 29.14 | 29.56 | 32.01 | 17.05 | 18.1 | 22.29 | 14.23 | 5.68 |
| Receivable days | 33.73 | 32.01 | 28.85 | 30.54 | 31.16 | 30.91 | 38.8 | 32.75 | 31.53 | 31.75 | 30.07 |
| Inventory Days | 22.47 | 25.03 | 21.5 | 19.69 | 23.71 | 26.88 | 38.47 | 32.79 | 29.05 | 42.2 | 37.07 |
| Payable days | 83.33 | 63.76 | 30.53 | 11.71 | 16.73 | 22.37 | 37.81 | 33.23 | 28.7 | 34.06 | 33.35 |
| PER(x) | 0 | 3.35 | 7.53 | 7.83 | 5.62 | 2.13 | 7.07 | 7.39 | 3.52 | 5.86 | 21.41 |
| Price/Book(x) | 0.38 | 0.63 | 2.81 | 3.22 | 1.7 | 0.59 | 0.85 | 0.84 | 0.55 | 0.97 | 0.49 |
| Dividend Yield(%) | 0 | 0 | 0.91 | 0.72 | 1.28 | 0 | 0.42 | 0 | 0 | 0.46 | 0.9 |
| EV/Net Sales(x) | 0.53 | 0.45 | 0.64 | 0.83 | 0.62 | 0.32 | 0.49 | 0.36 | 0.25 | 0.98 | 0.6 |
| EV/Core EBITDA(x) | 10.62 | 5.47 | 4.64 | 6.04 | 4.27 | 1.95 | 4.01 | 3.81 | 2.2 | 6.84 | 7 |
| Net Sales Growth(%) | 34.12 | 21.84 | 18.25 | 13.98 | 10.73 | 6.58 | -18.46 | 41.1 | 9.25 | -26.77 | 28.27 |
| EBIT Growth(%) | 50.99 | 170.03 | 142.85 | 13.46 | 20.4 | 19.12 | -45.17 | 11.04 | 34.79 | -8.27 | -48.12 |
| PAT Growth(%) | -7494.85 | 153.32 | 178.99 | 81.46 | 4.88 | 23.36 | -50.98 | 6.63 | 62.74 | 26.34 | -85.93 |
| EPS Growth(%) | -7493.79 | 153.32 | 178.99 | 81.46 | 4.88 | 23.36 | -50.98 | 6.63 | 62.74 | 26.34 | -85.93 |
| Debt/Equity(x) | 4.79 | 3.69 | 2.25 | 1.32 | 0.95 | 0.48 | 0.35 | 0.27 | 0.21 | 0.73 | 0.8 |
| Current Ratio(x) | 0.7 | 0.8 | 0.99 | 1.02 | 1.1 | 1.32 | 1.03 | 1.13 | 2.23 | 1.51 | 1.33 |
| Quick Ratio(x) | 0.48 | 0.51 | 0.66 | 0.69 | 0.64 | 0.8 | 0.57 | 0.66 | 1.39 | 0.85 | 0.89 |
| Interest Cover(x) | 0.52 | 1.09 | 2.83 | 3.42 | 4.78 | 5.49 | 3.56 | 4.75 | 11.72 | 14.06 | 1.26 |
| Total Debt/Mcap(x) | 12.54 | 5.82 | 0.8 | 0.41 | 0.56 | 0.81 | 0.42 | 0.32 | 0.39 | 0.75 | 1.64 |
| # | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 73.96 | 73.96 | 73.96 | 73.96 | 73.96 | 73.96 | 73.96 | 73.96 | 73.96 | 74.11 |
| FII | 0.36 | 0.21 | 0.39 | 0.41 | 0.46 | 0.43 | 0.41 | 0.39 | 0.4 | 0.39 |
| DII | 0.17 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.17 | 0.12 | 0.04 | 0.04 |
| Public | 25.51 | 25.81 | 25.63 | 25.61 | 25.56 | 25.58 | 25.46 | 25.52 | 25.6 | 25.46 |
| 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 | 1.26 | 1.26 | 1.26 | 1.26 | 1.26 | 1.26 | 1.26 | 1.26 | 1.26 | 1.26 |
| FII | 0.01 | 0 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.43 | 0.44 | 0.44 | 0.44 | 0.43 | 0.44 | 0.43 | 0.43 | 0.44 | 0.43 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 |
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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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