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As of 6 Nov 2026, N R Agarwal Industries trades at 18.4× trailing earnings, above the industry P/E of 14.0×, and the shares are 19% below their 52-week high. It earns ROCE of 7.7% and ROE of 5.5%, and sales grew 6.9% a year over 3 years while net profit fell 24%. Its dividend yield is 0.3%, and debt is 1.01× equity. It is a small-cap company with a market cap of ₹1,145 Cr, ranked 5th of 43 Paper & Paper Products companies by market cap; the shares rose 43% 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
₹660.10
Day high
₹685.00
Day low
₹655.15
Prev. close
₹674.70
Volume
7.1K

Health check

2 good · 1 fair · 3 to check
  • ReturnsAhead

    +43.2% over a year, better than 6 of 7 peers.

  • Price tagPricier

    P/E 18.4 vs industry 14.0.

  • GrowthStrong

    Sales +6.9%, profit −23.9% a year over 3 years.

  • ProfitabilityWeak

    ROCE 7.7% vs peer median 6.0%.

  • Balance sheetFair

    Debt 1.01× equity, interest covered 2.0×, Piotroski 6 of 9.

  • Red flags1 to check

    Return on equity is low at 5.5%.

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

Paper & Paper Products

42 listed peers. Screen the industry

Small cap

₹1,145 Cr, #5 of 43 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Jun 2026: sales ₹2,340 Cr · profit ₹62 Cr
Market cap
₹1,145 Cr
Small cap
P/E
18.4
Industry 14.0
Price to book
1.40
Peers 1.16
Dividend yield
0.28%
ROE
5.5%
Peers 6.1%
ROCE
7.7%
Peers 6.0%
Debt to equity
1.01
Debt ₹821 Cr
EPS (TTM)
₹36.50
Face value ₹10
OPM (TTM)
9.5%
Net margin 2.7%
Sales growth
+43.1%
Latest quarter vs a year ago
Profit growth
+111.3%
Latest quarter vs a year ago
Price to sales
0.49
EV/EBITDA 8.9

Strengths and risks

Strengths

  • Quarterly profit up 111.3% on a year ago.
  • Quarterly sales up 43.1% on a year ago.
  • Positive operating cash flow in each of the last 4 years.

Risks to check

  • Return on equity is low at 5.5%.

Derived automatically from reported figures. Not a recommendation.

About N R Agarwal Industries

N R Agarwal Industries Limited manufactures and sells finished paper products in India. The company offers coated duplex boards, folding box board (FBB), and solid bleached sulphate (SBS) for offset printing, embossing, and foil stamping; writing and printing papers; copier papers; and newsprint products. Its products are primarily used in FMCG packaging, textbooks and notebooks, and print media sectors. It also exports its products. The company was…

Headquarters
Mumbai
Employees
1,460
Sector
Basic Materials
ISIN
INE740D01017
Website
nrail.com

Price range

52 weeks

₹385.00₹834.00

Today

₹655.15₹685.00
Avg volume (3M)
39.7K
1-year return
plus 43.2%
From 52-week high
minus 19.3%

Peers · Paper & Paper Products

Capital-heavy industry columns

Compare with peersScreen the whole industry
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–−0.93%1,22311.08.56.0%10.2%0.29−4.5%−8.9%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26
452525563605647
436491506549573
16.533.657.456.774.3
3.7%6.4%10.2%9.4%11.5%
25.74.43.30.35.8
15.51716.115.616.4
16.916.917.317.517.9
–−4.4−1.1––
9.8−0.326.223.945.8
−68.6%−354.6%45.0%40.6%23.6%
16.5−1.514.414.235
9.72-0.878.488.3420.55

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+6.9%
Profit CAGR 3Y
−23.9%
EPS CAGR 3Y
−23.9%
ROE
5.5%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
1,7451,2831,6382,131
–minus 26.5%+27.7%+30.1%
1,5591,0941,5281,950
186189110181
10.6%14.7%6.7%8.5%
8.87.17.2−0.3
108.263.158.5
35.837.465.668.7
−1−12.527.36.1
1481381659.6
32.8%8.8%−10.6%26.7%
99.312517.743.7
–+26.3%minus 85.9%+147.6%
58.3573.7210.3725.68

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
17171717
619743758798
164579644821
245227351396
1,0451,5671,7702,031
6871,1671,2191,442
21440.429228
0.50280
833.974.416.4
136325419345
1,0451,5671,7702,031

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
12913517694.9
−96.4−548−175−188
−24.6405−0.996
8−7.90.52.8
−194−534−120−294
−65.2−39956.4−199
−0−0−3.4−3.4

Shareholding pattern

Source: NSE filings
74.3%
promoters
  • Promoters74.29%
  • Public25.71%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202674.29%25.71%0.00
30 Jun 202674.29%25.71%0.00
31 Mar 202674.29%25.71%plus 0.18
31 Dec 202574.11%25.89%0.00
30 Sep 202574.11%25.89%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you