Andhra Paper
ANDHRAPAP NSE
Andhra Paper
Forest MaterialsNSE: ANDHRAPAP BSE: 502330 Paper & Paper Products
Key Fundamentals
MicrocapPaper & Paper ProductsForest MaterialsMarket Cap
₹1,420 Cr
Volatility
High Risk
P/E Ratio
52.78
EBITDA
₹151 Cr
Return on Equity
0.96%
Debt to Equity
0.12
Book Value
₹97.53
EPS
₹62.58
52W High
₹86.89
52W Low
₹58
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
2- Stock is trading at 0.75 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.
Growth Rate
Revenue Growth
9.5% higher than
3Y
Net Income Growth
-79.08% higher than
3Y
Cash Flow Change
289% higher than
3Y
ROE
-79.04% lower than
3Y
ROCE
-68.11% higher than
3Y
EBITDA Margin (Avg.)
-38.32% higher than
3Y
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 | 478 | 482 | 477 | 364 | 316 | 432 | 386 | 407 | 393 | 362 | 419 | 527 | 394 |
| Expenses | 323 | 351 | 367 | 329 | 282 | 380 | 357 | 387 | 360 | 369 | 403 | 502 | 345 |
| Operating Profit | 155 | 131 | 110 | 35 | 34 | 52 | 28 | 20 | 34 | -7 | 15 | 25 | 49 |
| OPM % | 32% | 27% | 23% | 10% | 11% | 12% | 7% | 5% | 9% | -1.9% | 3.7% | 4.8% | 12% |
| Other Income | 22 | 21 | 24 | 28 | 25 | 30 | 15 | 18 | 27 | 10 | 29 | 17 | 22 |
| Interest | 1 | 1 | 1 | 1 | 2 | 4 | 5 | 7 | 6 | 4 | 5 | 4 | 3 |
| Depreciation | 16 | 17 | 17 | 17 | 21 | 21 | 22 | 25 | 26 | 27 | 27 | 27 | 27 |
| PBT | 159 | 135 | 116 | 46 | 36 | 58 | 17 | 6 | 29 | -28 | 12 | 12 | 41 |
| Tax % | 26% | 25% | 29% | 16% | 23% | 28% | 32% | -27% | 27% | -27% | 19% | 34% | 25% |
| Net Profit | 119 | 100 | 82 | 38 | 28 | 42 | 12 | 8 | 21 | -20 | 10 | 8 | 30 |
| EPS in Rs | 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 |
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 | 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 | 82 | 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 in Rs | 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% | -432% | 21% | 10% | 12% | 22% | 53% | — |
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 | 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
| 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/OP | 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 + investor summaries across FY08–FY26.
Documents
1
Board Meeting Intimation for Consider And Approve Audited Financial Results For The Quarter And Year Ended March 31, 2026 And Recommend The Final Dividend, If Any, For The Financial Year 2025-26
5 May - Board meeting on May 14, 2026 to approve FY26 audited results and consider final dividend. 5 May - Board meeting on May 14, 2026 to approve FY26 audited results and consider final dividend.
2
Clarification To Intimation Dated May 2, 2026, Regarding Lockout At Kadiam
5 May - Kadiam Unit lockout revised to 220 MT daily production loss effective May 1, 2026. 5 May - Kadiam Unit lockout revised to 220 MT daily production loss effective May 1, 2026.
3
Announcement under Regulation 30 (LODR)-Strikes /Lockouts / Disturbances
2 May - Andhra Paper declared lockout at Kadiyam unit from May 1, 2026; production loss estimated at 70 MT daily. 2 May - Andhra Paper declared lockout at Kadiyam unit from May 1, 2026; production loss estimated at 70 MT daily.
4
Announcement under Regulation 30 (LODR)-Strikes /Lockouts / Disturbances
2 May - Andhra Paper declared lockout at Kadiyam unit from May 1, 2026; production loss estimated at 70 MT daily. 2 May - Andhra Paper declared lockout at Kadiyam unit from May 1, 2026; production loss estimated at 70 MT daily.
5
Announcement under Regulation 30 (LODR)-Strikes /Lockouts / Disturbances
30 Apr - Kadiam Unit strike by contract workers causes 70 MT daily production loss; Rajahmundry Unit unaffected. 30 Apr - Kadiam Unit strike by contract workers causes 70 MT daily production loss; Rajahmundry Unit unaffected.
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.
[1]
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 market capitalisation of Andhra Paper Ltd?
Andhra Paper Ltd has a market capitalisation of ₹1,420 Cr, which places it in the Small Cap band.
What is the PE ratio of Andhra Paper Ltd?
Andhra Paper Ltd trades at a PE ratio of 52.78, on earnings per share of ₹62.58, against a book value of ₹97.53 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 ₹86.89.
Does Andhra Paper Ltd pay dividends?
Andhra Paper Ltd has a dividend yield of 0.69%.
What is the Return on Equity (ROE) of Andhra Paper Ltd?
Andhra Paper Ltd reported a return on equity of 0.96%. 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. [1]
Website andhrapaper.com
CEO Mr. Saurabh Bangur B.Com.
Employees 1,969
Listed 2004-05-13
Face Value ₹ 2
Issued Size 19,88,50,195
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