Andhra Paper
Forest Materials
ANDHRAPAP NSE
₹64.11 +0.67 (+1.06%)
- P/E
- 46.12
Close 4 Nov 2026 ₹64.11 −12.51 −16.3% 1Y
Start ₹76.62
Key Fundamentals
MicrocapPaper, Forest & Jute ProductsForest MaterialsPrice-based figures as of · EPS basis: Standalone · TTM
- ROCE
- 0.04%
- Debt to Equity
- 0.12
- EPS (TTM)
- ₹1.39
- Book Value
- ₹98.70
- Market Cap
- —
- P/E (TTM)
- 46.12
- P/B
- 0.65
- ROE
- −1.66%
- Dividend Yield
- 0.79%
- EBITDA
- ₹151 Cr
- 52W High
- ₹79.79
- 52W Low
- ₹58.00
- Day Range
- ₹63.00 – ₹65.50
- Volume
- 1,26,371
Peer Comparison
Commodities › Forest Materials › Paper & Paper Products
| ₹368.30 | 20.58 | ₹6,706 Cr | 1.18 | 1.09% | 4.77% | 7.39% | ₹7,319 Cr | ₹328 Cr | |
| ₹829.70 | 23.86 | ₹5,327 Cr | 1.52 | 0.37% | 4.25% | 6.17% | ₹4,375 Cr | ₹238 Cr | |
| ₹217.99 | 13.88 | ₹1,302 Cr | 0.65 | 0.97% | 4.10% | 5.60% | ₹1,817 Cr | ₹99 Cr | |
| Andhra Paper (this company) | ₹64.11 | 46.12 | ₹1,267 Cr | 0.65 | 0.79% | −1.66% | 0.04% | ₹1,702 Cr | ₹28 Cr |
| ₹669.40 | 18.33 | ₹1,174 Cr | 1.40 | 0.28% | 6.04% | 8.49% | ₹2,340 Cr | ₹62 Cr | |
| ₹139.90 | 3.71 | ₹929 Cr | 0.42 | 2.97% | 11.20% | 6.41% | ₹4,649 Cr | ₹261 Cr | |
| ₹87.64 | 9.14 | ₹830 Cr | 1.15 | 0.69% | 12.80% | 18.10% | ₹814 Cr | ₹92 Cr | |
| Median 7 companies | ₹217.99 | 18.33 | ₹1,267 Cr | 1.15 | 0.79% | 4.77% | 6.41% | ₹2,340 Cr | ₹99 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
43 Weak
Data confidence 100/100
Category scores
- Quality
- 61
- Good
- Returns, margins, earnings quality 22% weight
- Valuation
- 39
- Weak
- Cheap vs sector & own history 24% weight
- Growth
- 38
- Weak
- Sales & profit trajectory 9% weight
- Financial Health
- 46
- Average
- Solvency, leverage, coverage 9% weight
- Momentum
- 35
- Poor
- Trend strength, vol-adjusted 12% weight
- Ownership
- 41
- Weak
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
2- Stock is trading at 0.70 times its book value
- Company has been maintaining a healthy dividend payout of 29.2%
Weaknesses
2- Company has a low return on equity of 6.07% over last 3 years.
- Earnings include an other income of Rs.78.0 Cr.
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Strong Bearish | 12 | 7 | 0 |
| Oscillators | Bearish | 2 | 7 | 0 |
| Moving Averages | Strong Bearish | 10 | 0 | 0 |
Oscillators
Bearish
Bearish
2
Neutral
7
Bullish
0
Overall
Strong Bearish
Bearish
12
Neutral
7
Bullish
0
Moving Averages
Strong Bearish
Bearish
10
Neutral
0
Bullish
0
Key readings
- RSI (14)
- 42.75
- Neutral
- MACD (12,26,9)
- −1.21
- Bearish
- SMA (50)
- 67.85
- Bearish
- SMA (200)
- 64.68
- Bearish
As of
Growth Rate
From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.
Revenue
| 10Y | +4.23% |
|---|---|
| 5Y | +13.91% |
| 3Y | −6.75% |
| 1Y | +10.38% |
| TTM | +5.19% |
Net profit
| 10Y | −6.45% |
|---|---|
| 5Y | Turned to profit |
| 3Y | −66.86% |
| 1Y | −78.65% |
| TTM | −66.27% |
Operating cash flow
| 10Y | −0.65% |
|---|---|
| 5Y | 0.00% |
| 3Y | −42.11% |
| 1Y | Turned positive |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | −7.65 pp |
|---|---|
| 5Y | −2.88 pp |
| 3Y | −31.18 pp |
| 1Y | −5.02 pp |
| TTM | −3.46 pp |
Revenue by year
| Mar 2017 | ₹1,172 Cr |
|---|---|
| Mar 2018 | ₹1,264 Cr |
| Mar 2019 | ₹1,427 Cr |
| Mar 2020 | ₹1,270 Cr |
| Mar 2021 | ₹887 Cr |
| Mar 2022 | ₹1,380 Cr |
| Mar 2023 | ₹2,098 Cr |
| Mar 2024 | ₹1,801 Cr |
| Mar 2025 | ₹1,541 Cr |
| Mar 2026 | ₹1,701 Cr |
Net profit by year
| Mar 2017 | ₹32.00 Cr |
|---|---|
| Mar 2018 | ₹83.00 Cr |
| Mar 2019 | ₹200 Cr |
| Mar 2020 | ₹213 Cr |
| Mar 2021 | −₹5.00 Cr |
| Mar 2022 | ₹140 Cr |
| Mar 2023 | ₹522 Cr |
| Mar 2024 | ₹340 Cr |
| Mar 2025 | ₹89.00 Cr |
| Mar 2026 | ₹19.00 Cr |
Quarterly Results
₹ Cr| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 478 | 482 | 477 | 364 | 316 | 432 | 386 | 407 | 393 | 362 | 419 | 527 | 394 | 426 |
| Expenses | 323 | 351 | 367 | 329 | 282 | 380 | 357 | 387 | 360 | 369 | 403 | 502 | 345 | 397 |
| Operating Profit | 155 | 131 | 110 | 35 | 34 | 52 | 28 | 20 | 34 | −7 | 15 | 25 | 49 | 29 |
| OPM % | 32% | 27% | 23% | 10% | 11% | 12% | 7% | 5% | 9% | −1.9% | 3.7% | 4.8% | 12% | 7% |
| Other Income | 22 | 21 | 24 | 28 | 25 | 30 | 15 | 18 | 27 | 10 | 29 | 17 | 22 | 10 |
| Interest | 1 | 1 | 1 | 1 | 2 | 4 | 5 | 7 | 6 | 4 | 5 | 4 | 3 | 5 |
| Depreciation | 16 | 17 | 17 | 17 | 21 | 21 | 22 | 25 | 26 | 27 | 27 | 27 | 27 | 28 |
| PBT | 159 | 135 | 116 | 46 | 36 | 58 | 17 | 6 | 29 | −28 | 12 | 12 | 41 | 6 |
| Tax % | 26% | 25% | 29% | 16% | 23% | 28% | 32% | −27% | 27% | −27% | 19% | 34% | 25% | 25% |
| Net Profit | 119 | 100 | 82 | 38 | 28 | 42 | 12 | 8 | 21 | −20 | 10 | 8 | 30 | 4 |
| EPS (₹) | 5.96 | 5.04 | 4.15 | 1.93 | 1.39 | 2.1 | 0.59 | 0.39 | 1.07 | −1.02 | 0.5 | 0.39 | 1.52 | — |
Sep 2026: from the results filed on 30 Oct 2026, ahead of the full statement, so some rows are blank.
Profit & Loss
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,163 | 1,124 | 1,172 | 1,264 | 1,427 | 1,270 | 887 | 1,380 | 2,098 | 1,801 | 1,541 | 1,701 | 1,702 |
| Expenses | 1,068 | 992 | 1,002 | 1,038 | 1,047 | 965 | 826 | 1,156 | 1,359 | 1,368 | 1,402 | 1,633 | 1,619 |
| Operating Profit | 95 | 131 | 170 | 226 | 380 | 304 | 61 | 224 | 738 | 432 | 139 | 68 | 82 |
| OPM % | 8% | 12% | 15% | 18% | 27% | 24% | 7% | 16% | 35% | 24% | 9% | 4% | 4.8% |
| Other Income | 12 | 39 | −22 | −7 | 7 | 13 | 11 | 42 | 33 | 94 | 84 | 83.59 | 78 |
| Interest | 45 | 40 | 34 | 26 | 9 | 5 | 5 | 5 | 7 | 4 | 18 | 18 | 15 |
| Depreciation | 69 | 73 | 70 | 66 | 68 | 76 | 73 | 72 | 63 | 66 | 88 | 107 | 108 |
| PBT | −6 | 56 | 44 | 126 | 311 | 236 | −6 | 188 | 701 | 456 | 117 | 25 | 37 |
| Tax % | −104% | 35% | 27% | 34% | 36% | 10% | −26% | 26% | 25% | 25% | 24% | 27% | — |
| Net Profit | 0 | 37 | 32 | 83 | 200 | 213 | −5 | 140 | 522 | 340 | 89 | 19 | 28 |
| EPS (₹) | 0.01 | 1.85 | 1.63 | 4.18 | 10.06 | 10.7 | −0.23 | 7.03 | 26.27 | 17.08 | 4.47 | 0.94 | 1.39 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number. | 21% | 10% | 12% | 22% | 53% | — |
Balance Sheet
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 |
| Reserves | 374 | 411 | 438 | 524 | 724 | 936 | 935 | 1,054 | 1,542 | 1,853 | 1,901 | 1,900 |
| Borrowings | 502 | 477 | 359 | 208 | 15 | 9 | 44 | 59 | 55 | 115 | 283 | 232 |
| Other Liabilities | 330 | 340 | 317 | 325 | 407 | 336 | 313 | 345 | 367 | 443 | 381 | 367 |
| Total Liabilities | 1,246 | 1,268 | 1,155 | 1,097 | 1,186 | 1,321 | 1,333 | 1,498 | 2,005 | 2,451 | 2,605 | 2,538 |
| Fixed Assets | 833 | 820 | 798 | 742 | 707 | 680 | 619 | 585 | 577 | 795 | 1,024 | 1,000 |
| CWIP | 16 | 17 | 3 | 4 | 8 | 2 | 9 | 8 | 29 | 114 | 30 | 279 |
| Investments | 15 | 15 | 10 | 15 | 16 | 44 | 219 | 383 | 887 | 1,029 | 909 | 650 |
| Other Assets | 382 | 415 | 344 | 336 | 455 | 595 | 486 | 523 | 512 | 513 | 642 | 609 |
| Total Assets | 1,246 | 1,268 | 1,155 | 1,097 | 1,186 | 1,321 | 1,333 | 1,498 | 2,005 | 2,451 | 2,605 | 2,538 |
Cash Flow
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 128 | 111 | 172 | 215 | 310 | 177 | 104 | 202 | 536 | 319 | −55 | 104 |
| Investing | −31 | −38 | −29 | −31 | −110 | −167 | −114 | −181 | −498 | −334 | −61 | 2 |
| Financing | −108 | −67 | −145 | −175 | −201 | −11 | 11 | −12 | −41 | 5 | 109 | −94 |
| Net Cash Flow | −11 | 6 | −3 | 9 | −1 | 0 | 1 | 9 | −3 | −10 | −7 | 12 |
| Free Cash Flow | 96 | 73 | 141 | 182 | 269 | 153 | 83 | 163 | 422 | −12 | −320 | −194 |
| CFO/EBITDA | 134 | 92 | 107 | 106 | 99 | 80 | 170 | 115 | 97 | 105 | −36 | 164 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 20 | 23 | 21 | 20 | 19 | 12 | 31 | 27 | 26 | 12 | 26 | 33 |
| Inventory Days | 141 | 151 | 131 | 113 | 120 | 216 | 169 | 80 | 77 | 102 | 127 | 87 |
| Days Payable | 110 | 110 | 99 | 97 | 130 | 125 | 134 | 89 | 87 | 98 | 75 | 53 |
| Cash Conversion Cycle | 52 | 64 | 54 | 37 | 8 | 102 | 66 | 17 | 16 | 16 | 78 | 68 |
| Working Capital Days | −57 | −19 | −48 | −26 | 18 | 43 | 46 | 32 | 9 | −5 | 28 | 36 |
| ROCE % | 4% | 7% | 12% | 21% | 42% | 27% | 0% | 18% | 52% | 25% | 4% | 0% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Andhra Paper insights
62 extracted metrics across FY09–FY27.
Documents
- 30 Oct 2026
- 4 Aug 2026
- 14 May 2026
- 4 Feb 2026
- 6 Nov 2025
- 21 May 2026
- 5 Dec 2025
- 4 Dec 2025
- 28 Apr 2025
- 20 Dec 2024
- General announcements 6 Oct 2026
Frequently Asked Questions about Andhra Paper
What does Andhra Paper Ltd do?
Andhra Paper is engaged in the Business of Manufacture and sale of paper, pulp and paper & paper board.
Where is Andhra Paper Ltd (ANDHRAPAP) listed?
Andhra Paper Ltd trades as ANDHRAPAP on the NSE and under code 502330 on the BSE.
Which sector does Andhra Paper Ltd belong to?
Andhra Paper Ltd is classified under the Forest Materials sector, in the Paper & Paper Products industry.
What is the PE ratio of Andhra Paper Ltd?
Andhra Paper Ltd trades at a PE ratio of 46.12 as of 4 Nov 2026, on earnings per share of ₹1.39, against a book value of ₹98.7 per share.
What is the 52-week high and low of Andhra Paper Ltd?
Over the last 52 weeks Andhra Paper Ltd has traded between ₹58 and ₹79.79 as of 4 Nov 2026.
Does Andhra Paper Ltd pay dividends?
Andhra Paper Ltd has a dividend yield of 0.79%.
What is the Return on Equity (ROE) of Andhra Paper Ltd?
Andhra Paper Ltd reported a return on equity of -1.66%. Its debt-to-equity ratio is 0.12.
Company Information
Andhra Paper is engaged in the Business of Manufacture and sale of paper, pulp and paper & paper board.
Website andhrapaper.com
CEO Mr. Saurabh Bangur B.Com.
Employees 1,969
Listed 13 May 2004
Face Value ₹2
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