Star Paper Mills
Star Paper Mills
CommoditiesKey Fundamentals
MicrocapPaper & Paper ProductsForest MaterialsTapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
2- Company is almost debt free.
- Stock is trading at 0.37 times its book value
Weaknesses
7- The company has delivered a poor sales growth of 11.9% over past five years.
- Tax rate seems low
- Company has a low return on equity of 6.51% over last 3 years.
- Contingent liabilities of Rs.80.9 Cr.
- Promoters have pledged 47.2% of their holding.
- Earnings include an other income of Rs.25.7 Cr.
- Dividend payout has been low at 7.68% of profits over last 3 years
Growth Rate
Quarterly Results
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 124 | 106 | 115 | 100 | 114 | 111 | 97 | 114 | 101 | 104 | 92 | 113 | 103 |
| Expenses | 101 | 90 | 101 | 95 | 104 | 102 | 90 | 104 | 95 | 97 | 91 | 108 | 101 |
| Operating Profit | 23 | 15 | 14 | 5 | 10 | 9 | 8 | 10 | 6 | 7 | 1 | 4 | 3 |
| OPM % | 18% | 14% | 12% | 5% | 9% | 8% | 8% | 9% | 6% | 7% | 0.7% | 4% | 2.7% |
| Other Income | 4 | 8 | 7 | 11 | 8 | 10 | 4 | 1 | 12 | 6 | 12 | -6 | 14 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 |
| PBT | 25 | 22 | 19 | 14 | 16 | 17 | 11 | 9 | 16 | 11 | 11 | -3 | 15 |
| Tax % | 21% | 32% | 24% | 0% | 16% | 17% | 28% | 43% | 22% | -20% | 22% | -63% | 26% |
| Net Profit | 20 | 15 | 15 | 14 | 14 | 15 | 8 | 5 | 13 | 13 | 8 | -1 | 11 |
| EPS in Rs | 12.65 | 9.73 | 9.46 | 9.17 | 8.91 | 9.3 | 4.94 | 3.21 | 8.21 | 8.34 | 5.27 | -0.83 | 7.05 |
Profit & Loss
| 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 | 271 | 272 | 324 | 347 | 378 | 341 | 233 | 331 | 493 | 444 | 436 | 410 | 412 |
| Expenses | 256 | 246 | 253 | 274 | 328 | 293 | 212 | 299 | 412 | 387 | 399 | 391 | 397 |
| Operating Profit | 15 | 27 | 71 | 72 | 49 | 48 | 21 | 32 | 80 | 57 | 37 | 18 | 15 |
| OPM % | 5% | 10% | 22% | 21% | 13% | 14% | 9% | 10% | 16% | 13% | 8% | 4.5% | 3.6% |
| Other Income | 1 | 1 | 2 | 5 | 7 | 7 | 9 | 18 | 9 | 30 | 24 | 24 | 26 |
| Interest | 3 | 3 | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 5 | 4 | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 5 | 6 | 7 | 7 |
| PBT | 8 | 21 | 68 | 72 | 52 | 49 | 25 | 44 | 83 | 81 | 53 | 34 | 33 |
| Tax % | -107% | 20% | 11% | 25% | -3% | 24% | 30% | 17% | 21% | 21% | 23% | 4% | — |
| Net Profit | 16 | 16 | 60 | 54 | 53 | 37 | 18 | 37 | 66 | 64 | 41 | 33 | 31 |
| EPS in Rs | 9.96 | 10.57 | 38.67 | 34.76 | 34.08 | 23.88 | 11.22 | 23.48 | 42.07 | 41 | 26.36 | 20.98 | 19.83 |
| Div. Payout % | 0% | 0% | 5% | 7% | 7% | 10% | 22% | 15% | 12% | 10% | 13% | 0% | — |
Balance Sheet
| 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 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 |
| Reserves | 31 | 48 | 337 | 390 | 440 | 473 | 486 | 519 | 579 | 632 | 665 | 693 |
| Borrowings | 14 | 7 | 4 | 2 | 1 | 0 | 1 | 1 | 0 | 5 | 5 | 4 |
| Other Liabilities | 109 | 106 | 157 | 154 | 135 | 142 | 147 | 136 | 134 | 137 | 137 | 125 |
| Total Liabilities | 170 | 176 | 514 | 562 | 592 | 630 | 650 | 672 | 728 | 790 | 822 | 838 |
| Fixed Assets | 86 | 85 | 404 | 405 | 410 | 412 | 415 | 415 | 414 | 425 | 424 | 420 |
| CWIP | 1 | 1 | 2 | 7 | 4 | 7 | 6 | 3 | 3 | 3 | 2 | 4 |
| Investments | 32 | 32 | 46 | 78 | 81 | 89 | 94 | 113 | 47 | 194 | 203 | 247 |
| Other Assets | 51 | 58 | 61 | 71 | 96 | 122 | 135 | 141 | 265 | 167 | 194 | 167 |
| Total Assets | 170 | 176 | 514 | 562 | 592 | 630 | 650 | 672 | 728 | 790 | 822 | 838 |
Cash Flow
| 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 | 15 | 12 | 39 | 36 | 31 | 18 | 29 | 19 | 47 | 26 | 15 | 29 |
| Investing | 0 | -3 | -35 | -31 | -28 | -4 | -25 | -13 | -41 | -9 | 4 | -36 |
| Financing | -10 | -10 | -3 | -7 | -5 | -8 | -5 | -5 | -6 | -9 | -8 | -7 |
| Net Cash Flow | 5 | -1 | 1 | -2 | -2 | 5 | -2 | 0 | -1 | 7 | 12 | -13 |
| Free Cash Flow | 14 | 9 | 35 | 31 | 25 | 8 | 22 | 17 | 42 | 15 | 11 | 21 |
| CFO/OP | 100 | 47 | 74 | 68 | 85 | 55 | 161 | 89 | 83 | 84 | 71 | 212 |
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 | 9 | 14 | 8 | 8 | 7 | 4 | 1 | 7 | 2 | 3 | 5 | 6 |
| Inventory Days | 70 | 90 | 113 | 144 | 131 | 224 | 294 | 189 | 179 | 219 | 225 | 198 |
| Days Payable | 211 | 205 | 148 | 136 | 105 | 124 | 112 | 73 | 57 | 46 | 35 | 34 |
| Cash Conversion Cycle | -133 | -102 | -27 | 16 | 33 | 104 | 182 | 122 | 124 | 176 | 194 | 170 |
| Working Capital Days | -82 | -52 | -19 | -2 | 13 | 40 | 42 | 43 | 44 | 63 | 81 | 79 |
| ROCE % | 19% | 36% | 32% | 19% | 12% | 10% | 5% | 9% | 17% | 13% | 8% | 4% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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62 extracted metrics + investor summaries across FY11–FY26.
Documents
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Company Information
Incorporated in 1938, Star Paper Mills Ltd manufactures and supplies Paper and Paper Board[1]
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