Star Paper Mills Ltd
STARPAPER NSE
Star Paper Mills Ltd
Forest MaterialsNSE: STARPAPER BSE: 516022 Paper & Paper Products
Key Fundamentals
MicrocapPaper & Paper ProductsForest MaterialsMarket Cap
₹237 Cr
Volatility
Moderate
P/E Ratio
7.27
EBITDA
₹18.49 Cr
Return on Equity
6.04%
Debt to Equity
0.01
Book Value
₹453.75
EPS
₹41.91
52W High
₹188.8
52W Low
₹119.05
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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29 extracted metrics + investor summaries across FY15–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
2- Company is almost debt free.
- Stock is trading at 0.34 times its book value
Weaknesses
8- 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 6.94% over last 3 years.
- Contingent liabilities of Rs.84.6 Cr.
- Promoters have pledged 47.2% of their holding.
- Earnings include an other income of Rs.23.6 Cr.
- Dividend payout has been low at 11.6% of profits over last 3 years
- Working capital days have increased from 143 days to 285 days
Growth Rate
Revenue Growth
-10.94% ↘
Net Income Growth
-36.06% ↗
Cash Flow Change
-42.57% ↘
ROE
-38.93% ↘
ROCE
-36.31% ↘
EBITDA Margin (Avg.)
-67.75% ↗
Quarterly Results
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 123 | 124 | 106 | 115 | 100 | 114 | 111 | 97.48 | 114 | 101 | 104 | 91.82 | 113 |
| Expenses | 109 | 101 | 90.39 | 101 | 94.98 | 104 | 102 | 89.69 | 104 | 94.89 | 97.23 | 91.2 | 108 |
| Operating Profit | 14.6 | 22.55 | 15.27 | 13.79 | 5.45 | 9.82 | 9.03 | 7.79 | 10.21 | 6.27 | 7.14 | 0.62 | 4.45 |
| OPM % | 11.83% | 18.25% | 14.45% | 12.01% | 5.43% | 8.63% | 8.14% | 7.99% | 8.95% | 6.2% | 6.84% | 0.68% | 3.95% |
| Other Income | 8.48 | 3.99 | 8.49 | 7.08 | 10.55 | 8.24 | 10.06 | 4.5 | 1.14 | 11.87 | 5.54 | 11.8 | -5.57 |
| Interest | 0.2 | 0.11 | 0.19 | 0.19 | 0.34 | 0.23 | 0.23 | 0.26 | 0.24 | 0.23 | 0.25 | 0.23 | 0.21 |
| Depreciation | 1.39 | 1.32 | 1.38 | 1.38 | 1.37 | 1.37 | 1.39 | 1.38 | 2.25 | 1.59 | 1.61 | 1.62 | 2.15 |
| PBT | 21.49 | 25.11 | 22.19 | 19.3 | 14.29 | 16.46 | 17.47 | 10.65 | 8.86 | 16.32 | 10.82 | 10.57 | -3.48 |
| Tax % | 23.45% | 21.43% | 31.55% | 23.52% | -0.07% | 15.55% | 16.94% | 27.51% | 43.34% | 21.51% | -20.33% | 22.33% | -62.93% |
| Net Profit | 16.45 | 19.74 | 15.19 | 14.76 | 14.31 | 13.91 | 14.52 | 7.71 | 5.01 | 12.81 | 13.02 | 8.22 | -1.29 |
| EPS in Rs | 10.54 | 12.65 | 9.73 | 9.46 | 9.17 | 8.91 | 9.3 | 4.94 | 3.21 | 8.21 | 8.34 | 5.27 | -0.83 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 271 | 272 | 324 | 347 | 378 | 341 | 233 | 331 | 493 | 444 | 436 | 410 |
| Expenses | 256 | 246 | 253 | 274 | 328 | 293 | 212 | 299 | 412 | 387 | 399 | 391 |
| Operating Profit | 15 | 27 | 71 | 72 | 49 | 48 | 21 | 32 | 80 | 57 | 37 | 18 |
| OPM % | 5% | 10% | 22% | 21% | 13% | 14% | 9% | 10% | 16% | 13% | 8% | 4.5% |
| Other Income | 1 | 1 | 2 | 5 | 7 | 7 | 9 | 18 | 9 | 30 | 24 | 24 |
| Interest | 3 | 3 | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 1 |
| Depreciation | 5 | 4 | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 5 | 6 | 7 |
| PBT | 8 | 21 | 68 | 72 | 52 | 49 | 25 | 44 | 83 | 81 | 53 | 34 |
| 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 |
| 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 |
| Div. Payout % | 0% | 0% | 5% | 7% | 7% | 10% | 22% | 15% | 12% | 10% | 13% | 12% |
Balance Sheet
| 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
| 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
| 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 | 285 |
| ROCE % | 19% | 36% | 32% | 19% | 12% | 10% | 5% | 9% | 17% | 13% | 8% | 5% |
Documents
1
Ex-Parte Assessment Order Passed Under UPVAT For The Year 2015-16
1 May - Ex-parte UPVAT assessment order demands Rs.115.27 lakh additional tax for FY2015-16. 1 May - Ex-parte UPVAT assessment order demands Rs.115.27 lakh additional tax for FY2015-16.
2
Announcement under Regulation 30 (LODR)-Newspaper Publication
30 Apr - Copy of newspaper advertisement dated 30.04.26 is attached in respect of special window for transfer of physical shares 30 Apr - Copy of newspaper advertisement dated 30.04.26 is attached in respect of special window for transfer of physical shares
3
Ex-Parte Assessment Order Passed Under UPVAT For The Year 2015-16
1 May - Ex-parte UPVAT assessment order demands Rs.115.27 lakh additional tax for FY2015-16. 1 May - Ex-parte UPVAT assessment order demands Rs.115.27 lakh additional tax for FY2015-16.
4
Announcement under Regulation 30 (LODR)-Newspaper Publication
30 Apr - Copy of newspaper advertisement dated 30.04.26 is attached in respect of special window for transfer of physical shares 30 Apr - Copy of newspaper advertisement dated 30.04.26 is attached in respect of special window for transfer of physical shares
5
Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2
9 Apr - Star Paper Mills confirms it is not a large corporate; no borrowing as of 31 March 2026. 9 Apr - Star Paper Mills confirms it is not a large corporate; no borrowing as of 31 March 2026.
Frequently Asked Questions about Star Paper Mills Ltd
What does Star Paper Mills Ltd do?
Incorporated in 1938, Star Paper Mills Ltd manufactures and supplies Paper and Paper Board[1]
Where is Star Paper Mills Ltd (STARPAPER) listed?
Star Paper Mills Ltd is listed on the Indian stock exchanges. It is listed on NSE: STARPAPER and BSE: 516022. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Star Paper Mills Ltd belong to?
Star Paper Mills Ltd operates in the Forest Materials sector within the Paper & Paper Products industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Star Paper Mills Ltd?
Star Paper Mills Ltd has a market capitalisation of approximately ₹237.40 Cr. Based on this, it is classified as a Small Cap stock.
What is the PE ratio of Star Paper Mills Ltd?
The Price-to-Earnings (PE) ratio of Star Paper Mills Ltd is 7.27. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Star Paper Mills Ltd?
Over the past 52 weeks, Star Paper Mills Ltd has traded between a low of ₹119.05 and a high of ₹188.8. This range helps investors understand the stock's price volatility and recent trading levels.
Does Star Paper Mills Ltd pay dividends?
Yes, Star Paper Mills Ltd has a dividend yield of 2.30%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Star Paper Mills Ltd?
Star Paper Mills Ltd has a Return on Equity (ROE) of 6.04%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Star Paper Mills Ltd on Tapetide?
On Tapetide, you can view Star Paper Mills Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
Incorporated in 1938, Star Paper Mills Ltd manufactures and supplies Paper and Paper Board[1]
Website starpapers.com
CEO Mr. Madhukar Mishra B.Sc, DMS (Mgt.)
Employees 382
Listed 1995-09-13
Face Value ₹ 10
Issued Size 1,56,08,350