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ANDHRA PAPER (ANDHRAPAP) had a P/E of 23.4× on 6 Nov 2026, above the industry P/E of 14.0×, and the shares are 23% below their 52-week high. Sales and net profit fell 6.7% and 67% a year over 3 years, with ROCE of 1.9% and ROE of 2.7%. Debt is 0.15× equity, and its dividend yield is 0.8%. It is a small-cap company with a market cap of ₹1,223 Cr, ranked 4th of 43 Paper & Paper Products companies by market cap; the shares fell 19% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹62.75
Day high
₹62.80
Day low
₹61.05
Prev. close
₹62.75
Volume
2 L

Health check

1 fair · 5 to check
  • ReturnsBehind

    −19.1% over a year, better than 1 of 7 peers.

  • Price tagPricier

    P/E 23.4 vs industry 14.0.

  • GrowthShrinking

    Sales −6.7%, profit −67.1% a year over 3 years.

  • ProfitabilityWeak

    ROCE 1.9% vs peer median 6.2%.

  • Balance sheetFair

    Debt 0.15× equity, interest covered 2.5×, Piotroski 5 of 9.

  • Red flags2 to check

    Return on equity is low at 2.7%.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Paper & Paper Products

42 listed peers. Screen the industry

Small cap

₹1,223 Cr, #4 of 43 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Sep 2026: sales ₹1,766 Cr · profit ₹52 Cr
Market cap
₹1,223 Cr
Small cap
P/E
23.4
Industry 14.0
Price to book
0.64
Peers 1.18
Dividend yield
0.81%
ROE
2.7%
Peers 6.1%
ROCE
1.9%
Peers 6.2%
Debt to equity
0.15
Debt ₹287 Cr
EPS (TTM)
₹2.63
Face value ₹2
OPM (TTM)
6.7%
Net margin 3.0%
Sales growth
+17.7%
Latest quarter vs a year ago
Profit growth
n/a
Year-ago quarter not reported
Price to sales
0.69
EV/EBITDA 6.6

Strengths and risks

Strengths

  • Quarterly sales up 17.7% on a year ago.

Risks to check

  • Return on equity is low at 2.7%.
  • P/E of 23.4 against an industry P/E of 14.0.

Derived automatically from reported figures. Not a recommendation.

About ANDHRA PAPER

Andhra Paper Limited engages in the manufacture and sale of pulp, paper, and paperboard in India and internationally. The company offers writing and printing grades for book, notebook, notepad, diary, calendar, journals, annual report, envelopes, and commercial printing applications; copier products for high-speed copying, printing, and office documentation applications; and industrial grades for paper cups, straw, pharma leaflet, POS rolls, outer cover…

Headquarters
Kolkata
Employees
1,928
Sector
Basic Materials
ISIN
INE435A01051

Price range

52 weeks

₹58.00₹79.79

Today

₹61.05₹62.80
Avg volume (3M)
14.5 L
1-year return
minus 19.1%
From 52-week high
minus 22.9%

Peers · Paper & Paper Products

Capital-heavy industry columns

Company
JKPAPERJK Paper368.00minus 0.90%6,67318.99.26.2%10.1%0.432.8%minus 3.9%
WSTCSTPAPRWest Coast Paper Mills738.15minus 11.24%4,87521.29.75.9%11.5%0.08−4.5%plus 84.7%
SESHAPAPERSeshasayee Paper and Boards216.45minus 0.48%1,36511.08.54.4%7.0%–−6.3%minus 15.5%
ANDHRAPAPANDHRA PAPER61.52minus 1.96%1,22323.410.71.9%4.8%0.15−6.7%minus 19.1%
NRAILN R Agarwal Industries673.00minus 0.25%1,14518.410.87.7%9.9%1.016.9%plus 43.2%
TNPLTamil Nadu Newsprint & Papers136.26minus 2.23%9433.64.96.3%10.2%0.70−3.6%minus 8.9%
PDMJEPAPERPudumjee Paper Products87.80minus 0.93%8349.25.4–14.3%0.052.1%minus 24.4%
EMAMIPAPEmami Paper Mills114.81minus 0.35%6958.56.813.6%12.0%1.83−7.1%plus 16.3%
Median of 7 peers–−0.90%1,14511.08.56.2%10.2%0.56−3.6%−3.9%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrSep 25Dec 25Mar 26Jun 26Sep 26
362419527394426
369403502345397
−6.815.425.148.828.8
−1.9%3.7%4.8%12.4%6.8%
10.228.717.521.79.8
4.24.63.72.95.3
26.927.427.12727.6
−27.712.211.840.55.7
27.0%19.1%34.3%25.2%25.4%
−20.39.87.730.34.3
-1.020.500.391.520.21

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
−6.7%
Profit CAGR 3Y
−67.1%
EPS CAGR 3Y
−67.0%
ROE
2.7%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
2,0831,7831,5221,693
–minus 14.4%minus 14.6%+11.2%
1,3401,3451,3741,605
74343814887.8
35.7%24.6%9.7%5.2%
40.243.424.819.3
6.73.915.217.2
63.265.988.3107
−12.243.947.442.8
70145611725.4
25.5%25.4%24.1%26.6%
52234088.918.6
–minus 35.0%minus 73.8%minus 79.1%
26.2717.094.470.94

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
39.839.839.839.8
1,5421,8531,9011,900
50.3109283232
372448381367
2,0052,4512,6052,538
6419391,0921,307
66.514669.1307
175172165147
753878748519
369316531258
2,0052,4512,6052,538

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
536319−55.4105
−499−334−61.21.7
−41.35109−93.9
−4.1−10.3−7.312.4
−115−331−265−299
421−12.3−320−194
−29.8−49.7−39.8−19.9

Shareholding pattern

Source: NSE filings
72.5%
promoters
  • Promoters72.45%
  • Public27.55%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202672.45%27.55%0.00
30 Jun 202672.45%27.55%0.00
31 Mar 202672.45%27.55%0.00
31 Dec 202572.45%27.55%0.00
30 Sep 202572.45%27.55%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you