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NR Agarwal Inds Overview

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 printin...Read More

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NR Agarwal Inds Key Financials

Market Cap ₹742 Cr.

Stock P/E 42

P/B 0.9

Current Price ₹435.9

Book Value ₹ 470.5

Face Value 10

52W High ₹550

Dividend Yield 0.46%

52W Low ₹ 210.1

NR Agarwal Inds Share Price

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Volume
Price

NR Agarwal Inds Quarterly Price

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NR Agarwal Inds Peer Comparison

NR Agarwal Inds 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 342 336 247 347 428 418 466 452 525 563
Other Income 2 2 0 7 9 14 1 26 -6 3
Total Income 343 338 248 354 437 432 467 478 519 567
Total Expenditure 294 288 211 319 401 389 438 436 481 506
Operating Profit 49 50 36 35 36 42 29 42 38 61
Interest 1 2 5 13 16 16 16 16 17 16
Depreciation 9 9 10 16 16 17 16 17 17 17
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 -4 -1
Profit Before Tax 39 39 21 6 4 9 -3 10 -0 26
Provision for Tax 1 7 5 3 -4 -3 3 -7 1 12
Profit After Tax 38 31 16 3 8 13 -7 17 -1 14
Adjustments -0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 38 31 16 3 8 13 -7 17 -1 14
Adjusted Earnings Per Share 22.2 18.5 9.2 2 4.9 7.5 -4 9.7 -0.9 8.5

NR Agarwal Inds 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 725 883 1044 1190 1318 1405 1146 1617 1766 1293 1659 2006
Other Income 6 8 6 6 8 12 8 11 13 8 33 24
Total Income 731 891 1050 1197 1327 1417 1154 1628 1779 1301 1692 2031
Total Expenditure 695 818 906 1033 1134 1189 1013 1474 1582 1115 1549 1861
Operating Profit 36 73 144 164 193 228 141 154 197 186 142 170
Interest 36 46 43 40 35 36 30 25 14 11 61 65
Depreciation 18 23 25 26 27 32 33 34 36 37 66 67
Exceptional Income / Expenses 0 0 1 0 0 0 0 0 0 0 0 -5
Profit Before Tax -17 4 78 97 131 161 78 95 148 138 16 33
Provision for Tax 16 -14 28 7 36 44 20 34 48 12 -2 9
Profit After Tax -33 18 50 90 95 117 57 61 99 125 18 23
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 23
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 13.3

Growth Rates

# 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 91% 24% 12% 29%
ROE Average 2% 12% 12% 19%
ROCE Average 6% 14% 15% 19%

NR Agarwal Inds 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 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

NR Agarwal Inds 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 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

NR Agarwal Inds 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) -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

NR Agarwal Inds Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 73.96 73.96 73.96 73.96 73.96 73.96 73.96 73.96 74.11 74.11
FII 0.21 0.39 0.41 0.46 0.43 0.41 0.39 0.4 0.39 0.41
DII 0.01 0.01 0.01 0.02 0.02 0.17 0.12 0.04 0.04 0.04
Public 25.81 25.63 25.61 25.56 25.58 25.46 25.52 25.6 25.46 25.44
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

NR Agarwal Inds News

NR Agarwal Inds Pros & Cons

Pros

  • Stock is trading at 0.9 times its book value
  • Debtor days have improved from 34.06 to 33.35days.

Cons

  • Company has a low return on equity of 12% over the last 3 years.
  • The company has delivered a poor profit growth of -31% over past five years.
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