N R Agarwal Industries
N R Agarwal Industries (NRAIL) share price was ₹677.20 at the 28 Oct 2026 close; market capitalisation ₹1,153 Cr; P/E (TTM) 18.55; sector Forest Materials. The share price rose 50.6% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Jun 2026 quarter, revenue rose 43.1% year on year to ₹647.0 Cr and net profit rose 112.1% year on year to ₹35.0 Cr (compared with Jun 2025). Promoters held 74.29% of N R Agarwal Industries in Sep 2026, unchanged from Jun 2026. Its Tapetide Score is 58/100 (Good) as of 28 Oct 2026.
Key Fundamentals
MicrocapPaper, Forest & Jute ProductsForest MaterialsPrice-based figures as of 28 Oct 2026, 15:31 IST · EPS basis: Standalone · TTM
Peer Comparison
Commodities › Forest Materials › Paper & Paper Products
| ₹375.10 | 20.96 | 6,801 Cr | 1.23 | 1.04% | 4.70% | 7.05% | 7,389 Cr | 328 Cr | |
| ₹816.05 | 23.46 | 5,390 Cr | 1.50 | 0.37% | 3.72% | 5.93% | 4,490 Cr | 238 Cr | |
| ₹66.01 | 47.49 | 1,313 Cr | 0.68 | 0.76% | 0.96% | 1.99% | 1,780 Cr | 28 Cr | |
| ₹201.97 | 12.86 | 1,274 Cr | 0.60 | 1.04% | 4.04% | 5.22% | 2,039 Cr | 99 Cr | |
| ₹677.20 | 18.55 | 1,153 Cr | 1.41 | 0.30% | 5.36% | 8.04% | 2,344 Cr | 62 Cr | |
| ₹128.48 | 3.41 | 889 Cr | 0.38 | 3.10% | 10.70% | 6.76% | 4,727 Cr | 261 Cr | |
| ₹86.10 | 8.98 | 818 Cr | 1.22 | 0.70% | 13.98% | 16.59% | 833 Cr | 92 Cr | |
| Median 7 companies | ₹201.97 | 18.55 | 1,274 Cr | 1.22 | 0.76% | 4.70% | 6.76% | 2,344 Cr | 99 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the live 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. How it works →
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Category scores
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
Oscillators
Bullish
Overall
Bullish
Moving Averages
Bullish
Growth Rate
change over 1 year
change over 1 year
change over 1 year
change over 1 year Operating margin 11% · Jun 2026
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 | 369 | 342 | 336 | 247 | 347 | 428 | 418 | 466 | 452 | 525 | 563 | 605 | 647 |
| Expenses | 322 | 294 | 288 | 213 | 319 | 401 | 389 | 438 | 436 | 481 | 506 | 549 | 573 |
| Operating Profit | 47 | 48 | 48 | 34 | 28 | 27 | 29 | 28 | 17 | 44 | 57 | 57 | 74 |
| OPM % | 13% | 14% | 14% | 14% | 8% | 6% | 7% | 6% | 3.6% | 8% | 10% | 9% | 11% |
| Other Income | 3 | 2 | 2 | 3 | 7 | 9 | 14 | 1 | 26 | -10 | 2 | 0 | 6 |
| Interest | 2 | 1 | 2 | 5 | 13 | 16 | 16 | 16 | 16 | 17 | 16 | 16 | 16 |
| Depreciation | 9 | 9 | 9 | 10 | 16 | 16 | 17 | 16 | 17 | 17 | 17 | 18 | 18 |
| PBT | 39 | 39 | 39 | 21 | 6 | 4 | 9 | -3 | 10 | 0 | 26 | 24 | 46 |
| Tax % | -5% | 3% | 19% | 25% | 42% | -102% | -37% | 104% | -69% | 359% | 45% | 41% | 24% |
| Net Profit | 41 | 38 | 31 | 16 | 3 | 8 | 13 | -7 | 17 | -1 | 14 | 14 | 35 |
| 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 |
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 | 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
| 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 | 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
| 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 | 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
| 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 | 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
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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63 extracted metrics + investor summaries across FY06–FY27.
Documents
Frequently Asked Questions about N R Agarwal Industries
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Company Information
Incorporated in 1993, N. R. Agarwal Industries Ltd manufacturers recycled paper and grey back & white back Duplex Boards[1]
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