---
title: "Nath Pulp & Paper Mills Ltd(Merged) (NATHPULP) — Share Price, Financials & Analysis"
symbol: "NATHPULP"
company: "Nath Pulp & Paper Mills Ltd(Merged)"
canonical: "https://tapetide.com/stocks/NATHPULP"
sector: "Commodities"
industry: "Paper, Forest & Jute Products"
generated_at: "2026-09-13T19:15:14.862Z"
---

# Nath Pulp & Paper Mills Ltd(Merged) (NATHPULP)

Canonical page: https://tapetide.com/stocks/NATHPULP

## Company

- **Sector:** Commodities
- **Industry:** Paper, Forest & Jute Products
- **Macro Sector:** Commodities
- **Stock Type:** DELISTED
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** nathpaper.com

## About

Nath Pulp & Paper Mills is engaged in the business of Manufacturing of Paper and Paper Board. The Company has a product range of Kraft Paper, Core Board, Thermal Paper & Coated Paper.

## Latest Price

## Key Insights

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of -12.5% over last 3 years.
- Contingent liabilities of Rs.17.8 Cr.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -47% | 82% | 47% |
| revenue growth | -4% | 18% | 9% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 24.47 | 27.68 | 25.66 | 26.56 | 28.75 | 29.52 | 35.83 | 41.04 | 33.21 | 34.15 | 30.26 | 31.78 |
| Expenses | 24.27 | 27.08 | 24.76 | 25.93 | 27.57 | 28.03 | 32.89 | 34.42 | 31.39 | 30.91 | 29.32 | 30.85 |
| Operating Profit | 0.2 | 0.6 | 0.9 | 0.63 | 1.18 | 1.49 | 2.94 | 6.62 | 1.82 | 3.24 | 0.94 | 0.93 |
| OPM % | 0.82 | 2.17 | 3.51 | 2.37 | 4.1 | 5.05 | 8.21 | 16.13 | 5.48 | 9.49 | 3.11 | 2.93 |
| Other Income | 0.21 | 0.74 | 0.29 | 0.14 | 2.71 | 0.38 | 0.15 | 1.79 | 0.58 | -1.29 | 0.29 | 0.29 |
| Interest | 0.11 | 21.29 | 0.92 | 0.9 | 0.95 | 3.4 | 0.88 | 5.97 | 1.03 | 0.95 | 0.67 | 0.71 |
| Depreciation | 0.23 | -0.01 | 0.16 | 0.17 | 0.17 | 0.18 | 0.18 | 0.18 | 0.18 | 0.32 | 0.29 | 0.29 |
| Profit before tax | 0.07 | -19.94 | 0.11 | -0.3 | 2.77 | -1.71 | 2.03 | 2.26 | 1.19 | 0.68 | 0.27 | 0.22 |
| Tax % | -200 | -28.79 | 0 | 0 | 0 | 41.52 | 8.87 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | 0.21 | -14.2 | 0.11 | -0.29 | 2.77 | -2.41 | 1.85 | 2.25 | 1.19 | 0.68 | 0.28 | 0.22 |
| EPS in Rs | 0.23 | -15.78 | 0.12 | -0.32 | 3.08 | -2.68 | 2.06 | 2.5 | 1.32 | 0.76 | 0.31 | 0.24 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 75 | 78 | 87 | 93 | 94 | 87 | 98 | 111 | 144 | 129 |
| Expenses | 71 | 74 | 82 | 90 | 91 | 86 | 98 | 106 | 129 | 122 |
| Operating Profit | 4 | 3 | 5 | 3 | 3 | 1 | 0 | 5 | 15 | 7 |
| OPM % | 5 | 4.4 | 6 | 3.2 | 3.6 | 1 | 0 | 4.1 | 10 | 5 |
| Other Income | 1 | 3 | 1 | 2 | 1 | 0 | 1 | 3 | 1 | 0 |
| Interest | 0 | 0 | 1 | 1 | 1 | 0 | 21 | 6 | 9 | 3 |
| Depreciation | 3 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 2 | 3 | 2 | 2 | 3 | 0 | -21 | 1 | 6 | 2 |
| Tax % | 0 | 48 | 48 | -3 | 280 | 2350 | -28 | 81 | 3 | — |
| Net Profit | 2 | 2 | 1 | 2 | -6 | -1 | -15 | 0 | 6 | 2 |
| EPS in Rs | — | — | — | — | -6.29 | -1.1 | -16.56 | 0.2 | 6.64 | 2.63 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 20 | 20 | 20 | 20 | 20 | 9 | 9 | 9 | 9 | 9 |
| Reserves | -23 | -21 | -20 | -19 | -17 | -6 | -7 | 17 | 17 | 23 |
| Borrowings | 55 | 52 | 51 | 50 | 46 | 34 | 33 | 56 | 67 | 68 |
| Other Liabilities | 13 | 13 | 13 | 14 | 16 | 16 | 20 | 22 | 22 | 23 |
| Total Liabilities | 65 | 65 | 64 | 65 | 66 | 53 | 55 | 104 | 116 | 124 |
| Fixed Assets | 22 | 19 | 17 | 16 | 14 | 12 | 12 | 52 | 52 | 54 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 43 | 46 | 47 | 49 | 52 | 41 | 43 | 52 | 64 | 70 |
| Total Assets | 65 | 65 | 64 | 65 | 66 | 53 | 55 | 104 | 116 | 124 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 1 | 3 | 0 | 5 | 2 | 6 | 2 | -2 | -4 | 12 |
| Cash from Investing Activity | 0 | 0 | 2 | -1 | 1 | 7 | -1 | 0 | 0 | -3 |
| Cash from Financing Activity | -1 | -3 | -2 | -5 | -3 | -13 | -1 | 2 | 5 | -8 |
| Net Cash Flow | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Free Cash Flow | 1 | 3 | 2 | 4 | 3 | 5 | 1 | -2 | -5 | 8 |
| CFO/OP | 232 | 70 | 6 | 110 | 84 | 179 | 213 | -4525 | -93 | 79 |

### Ratios

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 32 | 29 | 36 | 37 | 43 | 20 | 47 | 51 | 49 | 46 |
| Inventory Days | 42 | 37 | 40 | 43 | 42 | 58 | 54 | 42 | 59 | 62 |
| Days Payable | 89 | 58 | 64 | 53 | 57 | 60 | 83 | 86 | 81 | 72 |
| Cash Conversion Cycle | -16 | 7 | 13 | 27 | 29 | 18 | 19 | 6 | 28 | 35 |
| Working Capital Days | 26 | -86 | -64 | -64 | -27 | 2 | -18 | -96 | -81 | -54 |
| ROCE % | -4 | 5 | 4 | 6 | 3 | 9 | 2 | 1 | 8 | 15 |

## Shareholding Pattern

### annual

| Category | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Sep 2019 |
| --- | --- | --- | --- | --- | --- |
| Promoters | 68.54% | 68.54% | 81.71% | 81.71% | 81.71% |
| DIIs | 23.55% | 23.55% | 8.73% | 1.33% | 1.33% |
| Public | 7.91% | 7.91% | 9.55% | 16.96% | 16.96% |
| No. of Shareholders | 26693 | 26308 | 25753 | 25381 | 25221 |

### Quarterly

| Category | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 68.54% | 68.54% | 68.54% | 67.71% | 67.71% | 81.71% | 81.71% | 81.71% | 81.71% | 81.71% | 81.71% | 81.71% |
| DIIs | 23.55% | 23.55% | 23.55% | 23.55% | 23.55% | 8.73% | 8.73% | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% |
| Public | 7.91% | 7.91% | 7.91% | 8.74% | 8.74% | 9.55% | 9.55% | 16.96% | 16.96% | 16.96% | 16.96% | 16.96% |
| No. of Shareholders | 26445 | 26308 | 26229 | 26150 | 25882 | 25753 | 25633 | 25709 | 25529 | 25381 | 25273 | 25221 |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 25 Oct 2019 - Order dated 22.08.2019 passed by Honorable National Company Law Tribunal (NCLT ) Mumbai is submitted | [Order Passed By NCLT 25 Oct 2019 - Order dated 22.08.2019 passed by Honorable National Company Law Tribunal (NCLT ) Mumbai is submitted](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f9a285b6-3111-453e-938b-5f6e74a9e8ea.pdf) |
| 25 Oct 2019 - Order dated 22.08.2019 passed by Honorable National Company Law Tribunal (NCLT ) Mumbai is submitted | [Order Passed By NCLT 25 Oct 2019 - Order dated 22.08.2019 passed by Honorable National Company Law Tribunal (NCLT ) Mumbai is submitted](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f9a285b6-3111-453e-938b-5f6e74a9e8ea.pdf) |
| 25 Oct 2019 - Copy of the Order passed by National Company Law Tribunal Mumbai in the matter of scheme of arrangement -vide order dated 22.08.2019 is submitted herewith | [NCLT''s Order Dated 22.08.2019 25 Oct 2019 - Copy of the Order passed by National Company Law Tribunal Mumbai in the matter of scheme of arrangement -vide order dated 22.08.2019 is submitted herewith](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=56aa28ce-cea5-4b37-ab6c-6b9c385630ce.pdf) |
| 25 Oct 2019 - Copy of the Order passed by National Company Law Tribunal Mumbai in the matter of scheme of arrangement -vide order dated 22.08.2019 is submitted herewith | [NCLT''s Order Dated 22.08.2019 25 Oct 2019 - Copy of the Order passed by National Company Law Tribunal Mumbai in the matter of scheme of arrangement -vide order dated 22.08.2019 is submitted herewith](https://www.bseindia.com/xml-data/corpfiling/AttachHis/56aa28ce-cea5-4b37-ab6c-6b9c385630ce.pdf) |
| 25 Oct 2019 - Copy of Order dated 22 nd August 2018 passed by National Company Law Tribunal (NCLT ) Mumbai received on 24/10/2019 is hereby submitted | [Order Of NCLT 25 Oct 2019 - Copy of Order dated 22 nd August 2018 passed by National Company Law Tribunal (NCLT ) Mumbai received on 24/10/2019 is hereby submitted](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cde1f624-b41b-42d3-b46e-21e596dcd60e.pdf) |
| 25 Oct 2019 - Copy of Order dated 22 nd August 2018 passed by National Company Law Tribunal (NCLT ) Mumbai received on 24/10/2019 is hereby submitted | [Order Of NCLT 25 Oct 2019 - Copy of Order dated 22 nd August 2018 passed by National Company Law Tribunal (NCLT ) Mumbai received on 24/10/2019 is hereby submitted](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cde1f624-b41b-42d3-b46e-21e596dcd60e.pdf) |
| — | [Intimation Of Record Date 25 Oct 2019](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ed004d70-1b65-4f5c-b30a-b50092d4ec73.pdf) |
| — | [Record Date Intimation 25 Oct 2019](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7f3cbfa0-e9f3-4aee-9def-79c9f7f81450.pdf) |
| — | [Intimation Of Record Date 25 Oct 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ed004d70-1b65-4f5c-b30a-b50092d4ec73.pdf) |
| — | [Record Date Intimation 25 Oct 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7f3cbfa0-e9f3-4aee-9def-79c9f7f81450.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/502407/5024070319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/502407/5024070318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/502407/5024070317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/502407/5024070316.pdf) |
| from bse | [Annual Report 2015 from bse](https://www.bseindia.com/bseplus/AnnualReport/502407/5024070315.pdf) |
| from bse | [Annual Report 2014 from bse](https://www.bseindia.com/bseplus/AnnualReport/502407/5024070314.pdf) |
| from bse | [Annual Report 2013 from bse](https://www.bseindia.com/bseplus/AnnualReport/502407/5024070313.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:15:14.862Z.