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Emami Paper Mills

EMAMIPAP NSE
₹117.38 +2.13 (+1.85%)
P/E
7.58
View as Markdown
MCP
Close 4 Nov 2026 ₹117.38 +20.25 +20.8% 1Y
Start ₹97.13

Key Fundamentals

MicrocapPaper, Forest & Jute ProductsForest Materials

Price-based figures as of · EPS basis: Standalone · TTM

ROCE
11.40%
Debt to Equity
1.81
EPS (TTM)
₹15.49
Book Value
₹84.25
Market Cap
—
P/E (TTM)
7.58
P/B
1.39
ROE
12.40%
Dividend Yield
2.78%
EBITDA
₹217 Cr
52W High
₹133.70
52W Low
₹55.00
Day Range
₹113.60 – ₹118.20
Volume
48,820

Peer Comparison

Commodities › Forest Materials › Paper & Paper Products

Emami Paper Mills peer comparison
JK Paper
₹368.3020.58₹6,706 Cr1.181.09%4.77%7.39%₹7,319 Cr₹328 Cr
West Coast Paper Mills
₹829.7023.86₹5,327 Cr1.520.37%4.25%6.17%₹4,375 Cr₹238 Cr
Seshasayee Paper & Boards
₹217.9913.88₹1,302 Cr0.650.97%4.10%5.60%₹1,817 Cr₹99 Cr
Andhra Paper
₹64.1146.12₹1,267 Cr0.650.79%−1.66%0.04%₹1,702 Cr₹28 Cr
N R Agarwal Industries
₹669.4018.33₹1,174 Cr1.400.28%6.04%8.49%₹2,340 Cr₹62 Cr
Tamil Nadu Newsprint & Papers
₹139.903.71₹929 Cr0.422.97%11.20%6.41%₹4,649 Cr₹261 Cr
Pudumjee Paper Products
₹87.649.14₹830 Cr1.150.69%12.80%18.10%₹814 Cr₹92 Cr
Emami Paper Mills (this company)
₹117.387.58₹693 Cr1.392.78%12.40%11.40%₹2,008 Cr₹95 Cr
Median 8 companies₹178.9516.11₹1,221 Cr1.170.88%5.40%6.90%₹2,174 Cr₹97 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

61 Good

Data confidence 100/100

Category scores

Quality
71
Strong
Returns, margins, earnings quality 22% weight
Valuation
87
Strong
Cheap vs sector & own history 24% weight
Growth
42
Weak
Sales & profit trajectory 9% weight
Financial Health
20
Poor
Solvency, leverage, coverage 9% weight
Momentum
86
Strong
Trend strength, vol-adjusted 12% weight
Ownership
49
Average
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

1
  • Company has been maintaining a healthy dividend payout of 26.8%

Weaknesses

4
  • The company has delivered a poor sales growth of 9.41% over past five years.
  • Company has a low return on equity of 11.2% over last 3 years.
  • Contingent liabilities of Rs.210 Cr.
  • Company might be capitalizing the interest cost

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bullish2710
OscillatorsBearish270
Moving AveragesStrong Bullish0010

Key readings

RSI (14)
53.11
Neutral
MACD (12,26,9)
0.07
Bearish
SMA (50)
115.73
Bullish
SMA (200)
93.15
Bullish

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

Revenue growth by window
10Y+13.47%
5Y+9.42%
3Y−7.13%
1Y−1.09%
TTM+6.53%

Net profit

Net profit growth by window
10Y+8.10%
5Y+3.65%
3Y−4.02%
1Y+134.62%
TTM+375.00%

Operating cash flow

Operating cash flow growth by window
10YTurned positive
5Y−4.35%
3Y+83.28%
1Y+347.73%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+1.56 pp
5Y−4.36 pp
3Y+0.96 pp
1Y+2.91 pp
TTM+4.79 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹1,140 Cr
Mar 2018₹1,356 Cr
Mar 2019₹1,538 Cr
Mar 2020₹1,515 Cr
Mar 2021₹1,216 Cr
Mar 2022₹1,958 Cr
Mar 2023₹2,381 Cr
Mar 2024₹1,994 Cr
Mar 2025₹1,928 Cr
Mar 2026₹1,907 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹19.00 Cr
Mar 2018₹16.00 Cr
Mar 2019₹44.00 Cr
Mar 2020−₹10.00 Cr
Mar 2021₹51.00 Cr
Mar 2022₹115 Cr
Mar 2023₹69.00 Cr
Mar 2024₹84.00 Cr
Mar 2025₹26.00 Cr
Mar 2026₹61.00 Cr

Quarterly Results

₹ Cr
EMAMIPAP quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
539
437
515
484
504
495
454
475
460
451
500
496
560
590
Expenses
504
385
434
414
460
458
424
444
422
414
440
434
477
497
Operating Profit
35
52
81
70
43
37
30
31
38
36
60
62
83
93
OPM %
6%
12%
16%
14%
9%
8%
7%
7%
8%
8%
12%
13%
15%
16%
Other Income
0
0
1
2
1
1
1
2
2
5
−2
15
0
1
Interest
18.55
17
16
16
14.63
15
15.72
16
17
17
18
16
17
20
Depreciation
14
12
13
21
13
13
13
13
13
14
14
14
13
14
PBT
2
22
53
35
17
10
2
4
9
10
26
47
53
61
Tax %
25%
26%
25%
23%
27%
25%
5%
2%
33%
35%
36%
34%
28%
27%
Net Profit
1
16
39
27
13
8
2
4
6
7
17
32
39
44
EPS (₹)
0.22
2.71
6.51
4.49
2.12
1.25
0.28
0.65
1.04
1.09
2.81
5.21
6.38
—

Sep 2026: from the results filed on 30 Oct 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
EMAMIPAP profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
521
539
1,140
1,356
1,538
1,515
1,216
1,958
2,381
1,994
1,928
1,907
2,008
Expenses
470
491
1,012
1,195
1,300
1,307
1,038
1,644
2,159
1,758
1,786
1,711
1,766
Operating Profit
51
47
128
161
239
209
178
314
222
236
142
196
241
OPM %
10%
9%
11%
12%
16%
14%
15%
16%
9%
12%
7%
10%
12%
Other Income
8
6
24
11
4
−23
92
−4
2
3
4
20
18
Interest
15
16
70
84
107
117
95
83
63
67
61
68
68
Depreciation
27
27
56
64
69
73
72
74
68
60
52
55
55
PBT
17
11
26
24
66
−5
103
153
93
112
33
93
137
Tax %
30%
−158%
27%
32%
34%
131%
50%
25%
26%
25%
22%
34%
—
Net Profit
12
28
19
16
44
−10
51
115
69
84
26
61
94
EPS (₹)
2.01
4.61
3.15
2.71
7.27
−1.73
8.44
18.98
11.43
13.93
4.3
10.15
15.49
Div. Payout %
30%
13%
19%
44%
16%
0%
0%
8%
14%
11%
37%
32%
—

Balance Sheet

₹ Cr
EMAMIPAP balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
12
12
12
12
12
12
12
12
12
12
12
12
Reserves
359
376
222
231
246
207
284
397
443
518
499
484
Borrowings
897
1,135
1,392
1,530
1,548
1,401
1,151
1,029
1,102
850
936
897
Other Liabilities
142
134
186
191
305
298
341
340
419
334
361
430
Total Liabilities
1,409
1,658
1,812
1,964
2,111
1,918
1,788
1,779
1,976
1,714
1,808
1,822
Fixed Assets
448
1,195
1,220
1,282
1,297
1,298
1,225
1,161
1,148
1,085
1,059
1,031
CWIP
620
5
5
9
103
1
0
31
4
10
4
5
Investments
1
1
56
56
44
24
54
49
39
45
59
39
Other Assets
341
458
532
618
667
595
509
538
785
574
686
748
Total Assets
1,409
1,658
1,812
1,964
2,111
1,918
1,788
1,779
1,976
1,714
1,808
1,822

Cash Flow

₹ Cr
EMAMIPAP cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
38
−80
−15
69
275
313
246
329
32
351
44
197
Investing
−419
−102
−60
−124
−157
31
−7
−34
−24
−10
−17
−26
Financing
307
167
30
39
−123
−335
−246
−307
−9
−336
−32
−172
Net Cash Flow
−74
−14
−45
−16
−4
10
−7
−12
0
5
−5
0
Free Cash Flow
−399
−194
−78
−57
118
274
238
294
8
340
26
168
CFO/OP
80
−163
−8
47
121
151
137
105
23
153
36
107

Ratios

EMAMIPAP financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
31
70
48
60
50
50
60
41
40
48
45
52
Inventory Days
136
192
117
111
133
111
108
67
91
69
103
114
Days Payable
83
84
42
36
75
76
88
47
46
33
42
58
Cash Conversion Cycle
84
178
123
135
107
86
80
61
84
84
106
109
Working Capital Days
−53
−93
−38
−29
−56
−68
−77
−20
−10
1
4
13
ROCE %
2%
2%
6%
6%
10%
8%
8%
17%
10%
12%
7%
11%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Emami Paper Mills insights

61 extracted metrics across FY10–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 74.97%
  • Others 13.31%
  • Public 11.20%
  • FIIs 0.52%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Emami Paper Mills

What does Emami Paper Mills Ltd do?
Incorporated in 1981, Emami Paper Mills Ltd manufactures writing and printing paper, newsprint, and also packaging boards
Where is Emami Paper Mills Ltd (EMAMIPAP) listed?
Emami Paper Mills Ltd trades as EMAMIPAP on the NSE and under code 533208 on the BSE.
Which sector does Emami Paper Mills Ltd belong to?
Emami Paper Mills Ltd is classified under the Forest Materials sector, in the Paper & Paper Products industry.
What is the PE ratio of Emami Paper Mills Ltd?
Emami Paper Mills Ltd trades at a PE ratio of 7.58 as of 4 Nov 2026, on earnings per share of ₹15.49, against a book value of ₹84.25 per share.
What is the 52-week high and low of Emami Paper Mills Ltd?
Over the last 52 weeks Emami Paper Mills Ltd has traded between ₹55 and ₹133.7 as of 4 Nov 2026.
Does Emami Paper Mills Ltd pay dividends?
Emami Paper Mills Ltd has a dividend yield of 2.78%.
What is the Return on Equity (ROE) of Emami Paper Mills Ltd?
Emami Paper Mills Ltd reported a return on equity of 12.40%. Its debt-to-equity ratio is 1.81.

Company Information

Incorporated in 1981, Emami Paper Mills Ltd manufactures writing and printing paper, newsprint, and also packaging boards

Website emamipaper.in
CEO Mr. Aditya Vardhan Agarwal B.Com.
Employees 1,075
Listed 30 May 2019
Face Value ₹2

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