Emami Paper Mills share price, P/E, ROE & financials

Emami Paper Mills (EMAMIPAP) had a P/E of 8.5× on 6 Nov 2026, below the industry P/E of 14.0×, and the shares are 14% below their 52-week high. It earns ROCE of 14% and ROE of 24%, and sales and net profit fell 7.1% and 3.9% a year over 3 years. Its dividend yield is 2.8%, and debt is 1.83× equity. It is a small-cap company with a market cap of ₹695 Cr, ranked 8th of 43 Paper & Paper Products companies by market cap; the shares rose 16% over the past year.

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

past year

Open: ₹116.00
Day high: ₹116.25
Day low: ₹114.20
Prev. close: ₹115.21
Volume: 20.3K

Health check

2 good · 1 fair · 3 to check

ReturnsAhead
+16.3% over a year, better than 5 of 7 peers.
Price tagCheaper
P/E 8.5 vs industry 14.0.
GrowthShrinking
Sales −7.1%, profit −3.9% a year over 3 years.
ProfitabilityAverage
ROCE 13.6% vs peer median 6.0%.
Balance sheetStretched
Debt 1.83× equity, interest covered 2.5×, Piotroski 7 of 9.
Red flags1 to check
Debt is 1.83× equity.

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

Paper & Paper Products

42 listed peers. Screen the industry

Small cap

₹695 Cr, #8 of 43 in its industry by size.

Defensive

Beta 0.49 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Jun 2026: sales ₹2,147 Cr · profit ₹127 Cr

Market cap: ₹695 Cr; Small cap
P/E: 8.5; Industry 14.0
Price to book: 1.39; Peers 1.16
Dividend yield: 2.79%
ROE: 24.1%; Peers 5.8%
ROCE: 13.6%; Peers 6.0%
Debt to equity: 1.83; Debt ₹933 Cr
EPS (TTM): ₹13.57; Face value ₹2
OPM (TTM): 12.0%; Net margin 6.1%
Sales growth: +21.8%; Latest quarter vs a year ago
Profit growth: +511.9%; Latest quarter vs a year ago
Price to sales: 0.32; EV/EBITDA 5.5

Strengths

Return on equity of 24.1%.
Dividend yield of 2.79%.
Quarterly profit up 511.9% on a year ago.
Quarterly sales up 21.8% on a year ago.
P/E of 8.5 against an industry P/E of 14.0.

Risks to check

Debt is 1.83× equity.

Derived automatically from reported figures. Not a recommendation.

About Emami Paper Mills

Emami Paper Mills Limited engages in the manufacture and sale of paper and paper board products in India. It offers packaging boards; and newsprint, writing, and printing papers, kraft papers, paperboards, as well as specialty papers. The company serves business-to-business customers consisting of packaging converters and processors, food and pharmaceutical product companies, publishers, educational institutions, commercial printers, and media houses. The…

Headquarters: Kolkata
Employees: 1,059
Sector: Basic Materials
ISIN: INE830C01026
Website: emamipaper.com

Price range

52 weeks

₹55.00₹133.70

Today

₹114.20₹116.25

Avg volume (3M): 48.6K
1-year return: plus 16.3%
From 52-week high: minus 14.1%

Peers · Paper & Paper Products

Capital-heavy industry columns

Compare with peers Screen the whole industry

Company
JKPAPERJK Paper	368.00	minus 0.90%	6,673	18.9	9.2	6.2%	10.1%	0.43	2.8%	minus 3.9%
WSTCSTPAPRWest Coast Paper Mills	738.15	minus 11.24%	4,875	21.2	9.7	5.9%	11.5%	0.08	−4.5%	plus 84.7%
SESHAPAPERSeshasayee Paper and Boards	216.45	minus 0.48%	1,365	11.0	8.5	4.4%	7.0%	–	−6.3%	minus 15.5%
ANDHRAPAPANDHRA PAPER	61.52	minus 1.96%	1,223	23.4	10.7	1.9%	4.8%	0.15	−6.7%	minus 19.1%
NRAILN R Agarwal Industries	673.00	minus 0.25%	1,145	18.4	10.8	7.7%	9.9%	1.01	6.9%	plus 43.2%
TNPLTamil Nadu Newsprint & Papers	136.26	minus 2.23%	943	3.6	4.9	6.3%	10.2%	0.70	−3.6%	minus 8.9%
PDMJEPAPERPudumjee Paper Products	87.80	minus 0.93%	834	9.2	5.4	–	14.3%	0.05	2.1%	minus 24.4%
EMAMIPAPEmami Paper Mills	114.81	minus 0.35%	695	8.5	6.8	13.6%	12.0%	1.83	−7.1%	plus 16.3%
Median of 7 peers	–	−0.93%	1,223	18.4	9.2	6.0%	10.1%	0.29	−3.6%	−8.9%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Jun 25	Sep 25	Dec 25	Mar 26	Jun 26
460	451	500	496	560
422	414	440	434	477
37.7	36.3	60	62.2	82.9
8.2%	8.0%	12.0%	12.5%	14.8%
1.6	4.9	0.8	13.8	0.2
17.1	17.3	17.7	15.8	17
12.9	13.8	14.1	13.9	12.9
–	–	−2.5	1.3	–
9.4	10.1	26.5	47.5	53.3
32.5%	34.7%	35.8%	33.7%	27.5%
6.3	6.6	17	31.5	38.6
0.81	0.89	2.46	4.53	5.69

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: −7.1%
Profit CAGR 3Y: −3.9%
EPS CAGR 3Y: −0.1%
ROE: 24.1%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
2,371	1,988	1,917	1,902
–	minus 16.1%	minus 3.6%	minus 0.8%
2,136	1,759	1,774	1,706
235	229	143	196
9.9%	11.5%	7.5%	10.3%
−20.4	−4	−4.8	17.2
54.8	61.3	55.6	64.3
67.6	52.3	51.7	54.7
1.1	0.9	2.4	−0.9
93.1	112	33.4	93.4
25.7%	24.8%	22.1%	34.3%
69.2	84.3	26	61.4
–	+21.9%	minus 69.1%	+136.0%
8.71	10.61	3.32	8.69

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
256	256	178	91.7
200	275	333	404
858	606	650	638
663	577	647	688
1,976	1,714	1,808	1,822
1,150	1,093	1,064	1,035
6.4	11	9.7	6.5
38.9	45	54.1	39.2
0.2	5.1	5.5	0.6
781	560	675	742
1,976	1,714	1,808	1,822

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
32.5	351	43.8	197
−23.5	−10.2	−17	−25.5
−9	−336	−31.8	−172
−0	5	−5	0
−26.2	−19.8	−20.5	−29.6
6.3	332	23.3	168
−14.6	−14.6	−14.6	−14.6

Shareholding pattern

Source: NSE filings

75.0%

promoters

Promoters74.97%
Public25.03%
As of 30 Sep 2026

Quarter	Promoters	Public	Promoter change
30 Sep 2026	74.97%	25.03%	0.00
30 Jun 2026	74.97%	25.03%	0.00
31 Mar 2026	74.97%	25.03%	0.00
31 Dec 2025	74.97%	25.03%	0.00
30 Sep 2025	74.97%	25.03%	–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you