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N R Agarwal Industries

NRAIL NSE
₹669.40 −49.55 (−6.89%)
P/E
18.33
View as Markdown
MCP
Close 4 Nov 2026 ₹669.40 +211.35 +46.1% 1Y
Start ₹458.05

Key Fundamentals

MicrocapPaper, Forest & Jute ProductsForest Materials

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

ROCE
8.49%
Debt to Equity
1.01
EPS (TTM)
₹36.51
Book Value
₹479.11
Market Cap
—
P/E (TTM)
18.33
P/B
1.40
ROE
6.04%
Dividend Yield
0.28%
EBITDA
₹198 Cr
52W High
₹834.00
52W Low
₹385.00
Day Range
₹653.90 – ₹720.00
Volume
34,811

Peer Comparison

Commodities › Forest Materials › Paper & Paper Products

N R Agarwal Industries 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 (this company)
₹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
Median 7 companies₹217.9918.33₹1,267 Cr1.150.79%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

58 Good

Data confidence 100/100

Category scores

Quality
59
Good
Returns, margins, earnings quality 22% weight
Valuation
47
Average
Cheap vs sector & own history 24% weight
Growth
91
Strong
Sales & profit trajectory 9% weight
Financial Health
19
Poor
Solvency, leverage, coverage 9% weight
Momentum
84
Strong
Trend strength, vol-adjusted 12% weight
Ownership
64
Good
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 is expected to give good quarter

Weaknesses

2
  • Company has a low return on equity of 8.57% over last 3 years.
  • Dividend payout has been low at 13.8% of profits over last 3 years

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBullish667
OscillatorsBearish261
Moving AveragesStrong Bullish406

Key readings

RSI (14)
49.28
Neutral
MACD (12,26,9)
12.29
Bearish
SMA (50)
635.51
Bullish
SMA (200)
499.73
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+9.28%
5Y+13.36%
3Y+6.70%
1Y+29.29%
TTM+32.65%

Net profit

Net profit growth by window
10Y+9.35%
5Y−5.05%
3Y−23.69%
1Y+144.44%
TTM+100.00%

Operating cash flow

Operating cash flow growth by window
10Y+9.60%
5Y−3.92%
3Y−9.70%
1Y−46.02%
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+0.69 pp
5Y−3.45 pp
3Y−2.37 pp
1Y+1.41 pp
TTM+4.18 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹1,044 Cr
Mar 2018₹1,190 Cr
Mar 2019₹1,318 Cr
Mar 2020₹1,405 Cr
Mar 2021₹1,146 Cr
Mar 2022₹1,617 Cr
Mar 2023₹1,766 Cr
Mar 2024₹1,293 Cr
Mar 2025₹1,659 Cr
Mar 2026₹2,145 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹50.00 Cr
Mar 2018₹90.00 Cr
Mar 2019₹95.00 Cr
Mar 2020₹117 Cr
Mar 2021₹57.00 Cr
Mar 2022₹61.00 Cr
Mar 2023₹99.00 Cr
Mar 2024₹125 Cr
Mar 2025₹18.00 Cr
Mar 2026₹44.00 Cr

Quarterly Results

₹ Cr
NRAIL quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
369
342
336
247
347
428
418
466
452
525
563
605
647
669
Expenses
322
294
288
213
319
401
389
438
436
481
506
549
573
596
Operating Profit
47
48
48
34
28
27
29
28
17
44
57
57
74
73
OPM %
13%
14%
14%
14%
8%
6%
7%
6%
3.6%
8%
10%
9%
11%
11%
Other Income
3
2
2
3
7
9
14
1
26
−10
2
0
6
3
Interest
2
1
2
5
13
16
16
16
16
17
16
16
16
16
Depreciation
9
9
9
10
16
16
17
16
17
17
17
18
18
18
PBT
39
39
39
21
6
4
9
−3
10
0
26
24
46
42
Tax %
−5%
3%
19%
25%
42%
−102%
−37%
104%
−69%
359%
45%
41%
24%
27%
Net Profit
41
38
31
16
3
8
13
−7
17
−1
14
14
35
31
EPS (₹)
23.83
22.22
18.47
9.2
2
4.9
7.48
−4.01
9.72
−0.86
8.48
8.34
20.55
—

Sep 2026: from the results filed on 3 Nov 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
NRAIL profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
725
883
1,044
1,190
1,318
1,405
1,146
1,617
1,766
1,293
1,659
2,145
2,340
Expenses
695
818
905
1,033
1,133
1,189
1,013
1,473
1,580
1,113
1,547
1,971
2,108
Operating Profit
30
66
139
157
186
216
133
144
186
181
112
175
232
OPM %
4.2%
7%
13%
13%
14%
15%
12%
9%
11%
14%
7%
8%
10%
Other Income
6
8
6
6
7
12
8
10
11
5
31
18
−2
Interest
36
46
43
40
35
36
30
25
14
11
61
64
65
Depreciation
18
23
24
26
27
32
33
34
36
37
66
69
70
PBT
−17
4
78
97
131
161
78
95
148
138
16
60
96
Tax %
95%
−335%
36%
7%
28%
27%
26%
36%
33%
9%
−11%
27%
—
Net Profit
−33
18
50
90
95
117
57
61
99
125
18
44
62
EPS (₹)
−19.64
10.48
29.22
53.02
55.61
68.6
33.63
35.85
58.35
73.72
10.37
25.68
36.51
Div. Payout %
0%
0%
7%
6%
7%
0%
3%
0%
0%
3%
39%
0%
—

Balance Sheet

₹ Cr
NRAIL balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
17
17
17
17
17
17
17
17
17
17
17
17
Reserves
59
77
116
202
295
402
459
519
619
743
758
798
Borrowings
365
347
300
289
297
202
195
175
164
579
644
821
Other Liabilities
222
226
226
195
196
245
261
290
245
227
351
396
Total Liabilities
663
667
659
703
805
865
933
1,001
1,045
1,567
1,770
2,031
Fixed Assets
458
447
436
464
526
572
584
501
483
1,135
1,197
1,221
CWIP
4
24
25
21
21
20
29
28
122
29
20
227
Investments
0
0
1
0
0
0
0
0
1
21
101
13
Other Assets
200
195
197
218
257
273
320
471
439
381
452
571
Total Assets
663
667
659
703
805
865
933
1,001
1,045
1,567
1,770
2,031

Cash Flow

₹ Cr
NRAIL cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
63
38
91
104
112
191
116
96
129
135
176
95
Investing
−63
−31
−14
−47
−85
−52
−48
−41
−96
−548
−175
−188
Financing
6
−11
−78
−55
−29
−139
−67
−55
−25
405
−1
96
Net Cash Flow
7
−5
−1
3
−2
0
2
0
8
−8
0
3
Free Cash Flow
−1
4
74
55
25
136
66
54
29
−392
66
−196
CFO/EBITDA
209
57
66
82
77
101
97
77
86
84
159
53

Ratios

NRAIL financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
42
33
33
34
33
31
39
38
29
25
41
42
Inventory Days
49
44
37
36
50
47
79
56
44
86
61
66
Days Payable
90
53
33
23
31
39
77
56
32
32
84
64
Cash Conversion Cycle
1
24
37
47
51
39
42
38
40
79
18
44
Working Capital Days
−46
−22
−3
−1
5
15
1
8
29
26
12
10
ROCE %
4%
11%
28%
29%
30%
32%
17%
17%
22%
14%
6%
8%

Insights

Beta

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

Log in to view N R Agarwal Industries insights

63 extracted metrics across FY07–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 74.29%
  • Public 21.81%
  • Others 3.49%
  • FIIs 0.34%
  • DIIs 0.07%

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

  • Concall · May 2022
    PPT
  • Q3 FY22 concall · Feb 2022
    PPT
  • Q3 FY22 concall · Feb 2022
    PPT
  • Q3 FY22 concall · Feb 2022
    PPT
  • Q1 FY22 concall · Jul 2021
    PPT

Frequently Asked Questions about N R Agarwal Industries

What does N R Agarwal Industries Ltd do?
Incorporated in 1993, N. R. Agarwal Industries Ltd manufacturers recycled paper and grey back & white back Duplex Boards
Where is N R Agarwal Industries Ltd (NRAIL) listed?
N R Agarwal Industries Ltd trades as NRAIL on the NSE and under code 516082 on the BSE.
Which sector does N R Agarwal Industries Ltd belong to?
N R Agarwal Industries Ltd is classified under the Forest Materials sector, in the Paper & Paper Products industry.
What is the PE ratio of N R Agarwal Industries Ltd?
N R Agarwal Industries Ltd trades at a PE ratio of 18.33 as of 4 Nov 2026, on earnings per share of ₹36.51, against a book value of ₹479.11 per share.
What is the 52-week high and low of N R Agarwal Industries Ltd?
Over the last 52 weeks N R Agarwal Industries Ltd has traded between ₹385 and ₹834 as of 4 Nov 2026.
Does N R Agarwal Industries Ltd pay dividends?
N R Agarwal Industries Ltd has a dividend yield of 0.28%.
What is the Return on Equity (ROE) of N R Agarwal Industries Ltd?
N R Agarwal Industries Ltd reported a return on equity of 6.04%. Its debt-to-equity ratio is 1.01.

Company Information

Incorporated in 1993, N. R. Agarwal Industries Ltd manufacturers recycled paper and grey back & white back Duplex Boards

Website nrail.com
Listed 5 Apr 2017
Face Value ₹10

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