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Star Paper Mills Overview

Star Paper Mills Ltd is an India-based organization engaged inside the enterprise of paper production. The Company sells merchandise mostly in domestic market.

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Star Paper Mills Key Financials

Market Cap ₹210 Cr.

Stock P/E 5.1

P/B 0.3

Current Price ₹134.7

Book Value ₹ 454.7

Face Value 10

52W High ₹189.6

Dividend Yield 2.6%

52W Low ₹ 132

Star Paper Mills Share Price

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Volume
Price

Star Paper Mills Quarterly Price

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Star Paper Mills Peer Comparison

Star Paper Mills 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 106 115 100 114 111 97 114 101 104 92
Other Income 8 9 11 8 10 5 1 12 6 12
Total Income 114 124 111 122 121 102 115 113 110 104
Total Expenditure 90 101 95 104 102 90 104 95 97 91
Operating Profit 24 23 16 18 19 12 11 18 13 12
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 1 1 1 1 1 1 2 2 2 2
Exceptional Income / Expenses 0 -2 -0 0 0 0 0 0 0 0
Profit Before Tax 22 19 14 16 17 11 9 16 11 11
Provision for Tax 7 5 -0 3 3 3 4 4 -2 2
Profit After Tax 15 15 14 14 15 8 5 13 13 8
Adjustments 0 0 0 0 -0 0 0 0 0 0
Profit After Adjustments 15 15 14 14 15 8 5 13 13 8
Adjusted Earnings Per Share 9.7 9.5 9.2 8.9 9.3 4.9 3.2 8.2 8.3 5.3

Star Paper Mills 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 271 272 324 347 378 341 233 331 493 444 436 411
Other Income 1 1 2 5 7 7 9 18 22 32 24 31
Total Income 272 273 326 352 385 348 243 349 514 476 460 442
Total Expenditure 257 246 253 274 328 293 212 299 413 387 399 387
Operating Profit 16 28 73 77 57 55 31 50 101 89 61 54
Interest 3 3 1 1 1 1 1 0 1 1 1 0
Depreciation 5 4 4 4 4 5 5 5 5 5 6 8
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 -12 -2 0 0
Profit Before Tax 8 21 68 72 52 49 25 44 83 81 53 47
Provision for Tax -8 4 7 18 -2 12 7 8 18 17 12 8
Profit After Tax 16 17 60 54 53 37 18 37 66 64 41 39
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 16 17 60 54 53 37 18 37 66 64 41 39
Adjusted Earnings Per Share 10 10.6 38.7 34.8 34.1 23.9 11.2 23.5 42.1 41 26.4 25

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -2% 10% 5% 5%
Operating Profit CAGR -31% 7% 2% 14%
PAT CAGR -36% 3% 2% 10%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -18% -6% 2% 15%
ROE Average 6% 9% 8% 16%
ROCE Average 8% 12% 10% 16%

Star Paper Mills 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 47 64 353 406 455 488 502 535 594 647 681
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 27 30 98 97 86 90 90 84 79 89 88
Total Current Liabilities 109 82 64 59 51 53 59 53 55 53 64
Total Liabilities 184 176 514 562 592 630 650 672 728 790 833
Fixed Assets 86 85 404 405 410 412 415 415 414 425 424
Other Non-Current Assets 44 41 25 34 30 35 34 32 29 33 30
Total Current Assets 55 49 85 123 151 183 202 225 286 331 379
Total Assets 184 176 514 562 592 630 650 672 728 790 833

Star Paper Mills 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 5 4 5 3 0 6 4 4 3 11
Cash Flow from Operating Activities 15 12 39 35 31 17 29 19 47 26 15
Cash Flow from Investing Activities -0 -3 -35 -31 -28 -4 -25 -13 -41 -9 4
Cash Flow from Financing Activities -10 -10 -3 -7 -5 -8 -5 -5 -7 -9 -8
Net Cash Inflow / Outflow 5 -1 1 -2 -2 5 -2 0 -1 7 12
Closing Cash & Cash Equivalent 5 4 5 3 0 6 4 4 3 11 23

Star Paper Mills 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) 9.96 10.57 38.67 34.76 34.08 23.88 11.22 23.48 42.08 41.01 26.36
CEPS(Rs) 13.07 13.29 41.31 37.37 36.89 27.18 14.58 26.92 45.46 44.49 30.45
DPS(Rs) 0 0 2 2.5 2.5 2.5 2.5 3.5 5 4 3.5
Book NAV/Share(Rs) 30.15 40.72 226.05 260.12 291.69 312.84 321.55 342.65 380.83 414.7 436.24
Core EBITDA Margin(%) 5.13 9.22 20.63 20.58 12.59 13.58 8.6 9.18 15.48 12.09 7.93
EBIT Margin(%) 3.77 8.07 20.04 20.85 13.33 14.07 10.33 12.82 16.29 17.31 11.7
Pre Tax Margin(%) 2.61 7.19 19.66 20.55 13.17 13.89 10.09 12.68 16.18 17.13 11.5
PAT Margin (%) 5.39 5.72 17.56 15.45 13.59 10.53 7.1 10.52 12.75 13.55 8.85
Cash Profit Margin (%) 7.08 7.19 18.76 16.61 14.71 11.99 9.23 12.06 13.77 14.71 10.23
ROA(%) 8.79 9.17 17.5 10.09 9.22 6.1 2.74 5.54 9.38 8.43 5.07
ROE(%) 39.18 29.83 28.99 14.3 12.35 7.9 3.54 7.07 11.63 10.31 6.2
ROCE(%) 19.16 35.58 32.23 19.16 12.08 10.54 5.14 8.62 14.86 13.16 8.18
Receivable days 8.59 10.64 9.02 7.38 6.9 5.6 2.91 3.32 3.03 2.49 3.83
Inventory Days 29.96 31.71 31.76 40.01 43.45 66.29 115.46 79.46 60.52 81.46 98.36
Payable days 290.81 305.46 249.21 202.65 160.16 161.33 191.12 106.72 81.14 69.46 46.51
PER(x) 1.98 3.26 4.57 5.74 3.7 2.97 10.74 6.75 3.49 5.45 5.85
Price/Book(x) 0.65 0.85 0.78 0.77 0.43 0.23 0.37 0.46 0.39 0.54 0.35
Dividend Yield(%) 0 0 1.13 1.25 1.98 3.53 2.07 2.21 3.4 1.79 2.27
EV/Net Sales(x) 0.14 0.2 0.85 0.89 0.46 0.26 0.63 0.63 0.17 0.73 0.48
EV/Core EBITDA(x) 2.44 2 3.76 4 3.08 1.59 4.78 4.18 0.84 3.65 3.47
Net Sales Growth(%) -1.35 0.43 18.99 6.91 8.99 -9.74 -31.55 41.63 49.06 -9.79 -1.83
EBIT Growth(%) 150.48 114.3 195.57 6.38 -28.76 -4.57 -48.87 75.44 87.82 -2.57 -33.44
PAT Growth(%) 170.38 6.17 265.75 -10.1 -1.96 -29.94 -53 109.23 79.2 -2.54 -35.71
EPS Growth(%) 170.38 6.17 265.75 -10.1 -1.96 -29.94 -53 109.23 79.2 -2.54 -35.71
Debt/Equity(x) 0.29 0.1 0.01 0 0 0 0 0 0 0 0
Current Ratio(x) 0.5 0.6 1.34 2.08 2.98 3.49 3.43 4.27 5.25 6.2 5.9
Quick Ratio(x) 0.29 0.27 0.82 1.33 2.01 1.98 2.13 2.84 3.49 4.04 3.79
Interest Cover(x) 3.23 9.13 54.06 69.83 80.14 76.87 43.92 94.34 149.98 97.59 56.43
Total Debt/Mcap(x) 0.45 0.12 0.02 0 0.01 0 0 0 0 0 0

Star Paper Mills Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 44.93 44.93 44.93 44.93 44.93 44.93 44.93 44.93 44.93 44.93
FII 1.83 1.69 1.69 1.7 1.75 1.68 1.68 1.71 1.68 1.68
DII 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01
Public 53.23 53.37 53.37 53.36 53.31 53.38 53.38 53.35 53.38 53.38
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Star Paper Mills News

Star Paper Mills Pros & Cons

Pros

  • Stock is trading at 0.3 times its book value
  • Debtor days have improved from 69.46 to 46.51days.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 44.93%.
  • Company has a low return on equity of 9% over the last 3 years.
  • The company has delivered a poor profit growth of 2% over past five years.
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