Star Paper Mills
Forest Materials
STARPAPER NSE
₹145.59 +2.06 (+1.44%)
- P/E
- 7.34
Close 4 Nov 2026 ₹145.59 −16.80 −10.3% 1Y
Start ₹162.39
Key Fundamentals
MicrocapPaper, Forest & Jute ProductsForest MaterialsPrice-based figures as of · EPS basis: Standalone · TTM
- ROCE
- 4.18%
- Debt to Equity
- 0.01
- EPS (TTM)
- ₹19.83
- Book Value
- ₹453.75
- Market Cap
- —
- P/E (TTM)
- 7.34
- P/B
- 0.32
- ROE
- 3.66%
- Dividend Yield
- 1.74%
- EBITDA
- ₹42.10 Cr
- 52W High
- ₹174.00
- 52W Low
- ₹119.05
- Day Range
- ₹143.00 – ₹146.49
- Volume
- 3,397
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 | |
| ₹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 | |
| Star Paper Mills (this company) | ₹145.59 | 7.34 | ₹229 Cr | 0.32 | 1.74% | 3.66% | 4.18% | ₹412 Cr | ₹31 Cr |
| Median 8 companies | ₹181.79 | 16.11 | ₹1,221 Cr | 0.90 | 0.88% | 4.51% | 6.29% | ₹2,079 Cr | ₹96 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
57 Good
Data confidence 100/100
pledge:47%
Category scores
- Quality
- 56
- Good
- Returns, margins, earnings quality 22% weight
- Valuation
- 81
- Strong
- Cheap vs sector & own history 24% weight
- Growth
- 32
- Poor
- Sales & profit trajectory 9% weight
- Financial Health
- 70
- Strong
- Solvency, leverage, coverage 9% weight
- Momentum
- 64
- Good
- 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
2- Company is almost debt free.
- Stock is trading at 0.36 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
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Strong Bearish | 10 | 4 | 5 |
| Oscillators | Bullish | 2 | 4 | 3 |
| Moving Averages | Strong Bearish | 8 | 0 | 2 |
Oscillators
Bullish
Bearish
2
Neutral
4
Bullish
3
Overall
Strong Bearish
Bearish
10
Neutral
4
Bullish
5
Moving Averages
Strong Bearish
Bearish
8
Neutral
0
Bullish
2
Key readings
- RSI (14)
- 44.43
- Neutral
- MACD (12,26,9)
- −3.19
- Bearish
- SMA (50)
- 153.18
- Bearish
- SMA (200)
- 144.52
- 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
| 10Y | +4.19% |
|---|---|
| 5Y | +11.97% |
| 3Y | −5.96% |
| 1Y | −5.96% |
| TTM | −2.60% |
Net profit
| 10Y | +7.51% |
|---|---|
| 5Y | +12.89% |
| 3Y | −20.63% |
| 1Y | −19.51% |
| TTM | −24.39% |
Operating cash flow
| 10Y | +9.22% |
|---|---|
| 5Y | 0.00% |
| 3Y | −14.87% |
| 1Y | +93.33% |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | −5.54 pp |
|---|---|
| 5Y | −4.62 pp |
| 3Y | −11.84 pp |
| 1Y | −4.10 pp |
| TTM | −4.16 pp |
Revenue by year
| Mar 2017 | ₹324 Cr |
|---|---|
| Mar 2018 | ₹347 Cr |
| Mar 2019 | ₹378 Cr |
| Mar 2020 | ₹341 Cr |
| Mar 2021 | ₹233 Cr |
| Mar 2022 | ₹331 Cr |
| Mar 2023 | ₹493 Cr |
| Mar 2024 | ₹444 Cr |
| Mar 2025 | ₹436 Cr |
| Mar 2026 | ₹410 Cr |
Net profit by year
| Mar 2017 | ₹60.00 Cr |
|---|---|
| Mar 2018 | ₹54.00 Cr |
| Mar 2019 | ₹53.00 Cr |
| Mar 2020 | ₹37.00 Cr |
| Mar 2021 | ₹18.00 Cr |
| Mar 2022 | ₹37.00 Cr |
| Mar 2023 | ₹66.00 Cr |
| Mar 2024 | ₹64.00 Cr |
| Mar 2025 | ₹41.00 Cr |
| Mar 2026 | ₹33.00 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 (₹) | 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
₹ 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 | 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 (₹) | 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
₹ 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 | 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
₹ 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 | 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/EBITDA | 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
Log in to view Star Paper Mills insights
67 extracted metrics across FY11–FY27.
Documents
- 13 Aug 2025
- 11 May 2026
- 21 Feb 2025
- 22 Nov 2024
- 21 Feb 2024
- 22 Sep 2023
- General announcements 6 Oct 2026
Frequently Asked Questions about Star Paper Mills
What does Star Paper Mills Ltd do?
Incorporated in 1938, Star Paper Mills Ltd manufactures and supplies Paper and Paper Board
Where is Star Paper Mills Ltd (STARPAPER) listed?
Star Paper Mills Ltd trades as STARPAPER on the NSE and under code 516022 on the BSE.
Which sector does Star Paper Mills Ltd belong to?
Star Paper Mills Ltd is classified under the Forest Materials sector, in the Paper & Paper Products industry.
What is the PE ratio of Star Paper Mills Ltd?
Star Paper Mills Ltd trades at a PE ratio of 7.34 as of 4 Nov 2026, on earnings per share of ₹19.83, against a book value of ₹453.75 per share.
What is the 52-week high and low of Star Paper Mills Ltd?
Over the last 52 weeks Star Paper Mills Ltd has traded between ₹119.05 and ₹174 as of 4 Nov 2026.
Does Star Paper Mills Ltd pay dividends?
Star Paper Mills Ltd has a dividend yield of 1.74%.
What is the Return on Equity (ROE) of Star Paper Mills Ltd?
Star Paper Mills Ltd reported a return on equity of 3.66%. Its debt-to-equity ratio is 0.01.
Company Information
Incorporated in 1938, Star Paper Mills Ltd manufactures and supplies Paper and Paper Board
Website starpapers.com
CEO Mr. Madhukar Mishra B.Sc, DMS (Mgt.)
Employees 382
Listed 13 Sep 1995
Face Value ₹10
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