Minerva Capital Research Solutions

Emami Paper Mills

NSE: EMAMIPAPBSE: 533208
Compare with peers
₹ 109.00▼ 3.9 (−3.45%)23 Oct, 03:29 pm IST
Market cap
₹ 645 Cr.
P/E
6.9x
P/B
1.38x
52-week range
55 – 133.7
ROE
12%
ROCE
11%
Dividend yield
2.8%
Debt / equity
1.42
Sector
Paper, Forest & Jute Products
Industry
Paper & Paper Products
Listed on
NSE, BSE

About

Emami Paper Mills Limited is an India-based producer of newsprint, writing and printing paper and multilayer coated high-end packaging boards. The Company operates through the Manufacture of Paper and Paper Board segment. The Company’s products include multi-layer coated board, newsprint, and writing and printing paper. The Company has the capacity of approximately 1,40,000 newsprints, writing and printing paper production. It has diverse business interests in FMCG, edible oil, paper, writing instruments, healthcare, retail departmental stores and real estate.

Quick check

The five things to look at first. Open one for more.

Compared with its industry

Paper & Paper Products: 54 companies →

Emami Paper Mills against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

  • Valuation (P/E)6.9 against a typical 15.9: cheaper than most peers (1st = cheapest).10th of 52
  • Sales growth+21.7% against a typical +10% from a year earlier.15th of 44
  • Profit growth+550% against a typical +23% from a year earlier.4th of 33
  • Share price, 3 months+2.4% against a typical −5.5%.16th of 50
  • Size₹ 645.2 Cr. market value against a typical ₹ 86.8 Cr. (1st = largest).6th of 49

Credit ratings

Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates

Adequate safety

Rated A- by India Ratings
A-
DefaultRiskyModerateSafeVery safe
  • No warnings from the agency.
AgencyCurrent ratingOutlookAs of
India RatingsIND A-; IND A2+Stable6 Mar 2026
Credit rating actions
RatingDetails
6 Mar 2026
Reaffirmed
IND A-—India Ratings₹ 1,279.5 Cr.

Board meetings

Results dates and other board meetings. Full calendar

Details
30 Oct 2026UpcomingFinancial ResultsTo consider and approve the financial results for the period ended September 30, 2026
22 Jul 2026Financial ResultsTo consider and approve the unaudited financial results for the first quarter ended Jun 30, 2026
28 May 2026Financial Results/DividendTo consider and approve the Audited Financial Results of the Company for the Financial Year ended 31st March, 2026 and recommendation of Dividend, if any, for the Financial Year 2025-26.
12 Feb 2026Financial ResultsIntimation of meeting of the Board of Directors, to consider and approve the unaudited financial results for the third quarter ended December 31, 2025.
31 Oct 2025Financial ResultsTo consider and approve the un-audited financial results for the quarter/half year ended 30th September,2025.
29 Jul 2025Financial ResultsIntimation of Board Meeting scheduled to be held on Tuesday, 29th July,2025 , inter-alia, to consider and approve the Un-Audited Financial Results for the first quarter ended 30th June,2025.
1 Jul 2025Other business mattersIn compliance with Regulation 29 and other applicable regulations, if any, of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, kindly be informed that a meeting of the Board of Directors of the Company is scheduled to be held on Tuesday, 1st July, 2025, inter-alia, to consider and approve:1) Variation in terms of 15,00,000 no. of Series II Tranche I Optionally Convertible Redeemable Preference Shares (OCRPS), having ISIN - INE830C04020.2) Other allied and incidental matters, thereto. The above intimation is in pursuant to SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015.

Share price

1Y change +11.3%
Volume (shares)Price (₹)
Close price

Financials

Standalone figures in ₹ crore.

Quarterly results
₹ Cr.Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales437515484504495454475460451500496560
Expenses385434414460458424444422414440434477
Operating Profit528170433730313836606283
OPM %12%16%14%9%8%7%7%8%8%12%13%15%
Other Income012111225−2150
Interest171616141517161717181617
Depreciation121321131313131314141413
Profit before tax225335171024910264753
Tax %26%25%23%27%25%5%2%33%35%36%34%28%
Net Profit1639271382467173239
EPS in Rs2.716.514.492.121.250.280.651.041.092.815.216.38

Growth and returns

Compounded yearly rates over each period.

Compounded Sales Growth
10 Years
13%
5 Years
9%
3 Years
−7%
TTM
7%
Compounded Profit Growth
10 Years
10%
5 Years
40%
3 Years
−3%
TTM
384%
Stock Price CAGR
10 Years
5%
5 Years
−9%
3 Years
−4%
TTM
—
Return on Equity
10 Years
12%
5 Years
16%
3 Years
11%
TTM
—

Shareholding

Latest: Jun 2026.

Promoters
74.97%
−0.01 pts in a year
FIIs
0.54%
0 pts in a year
DIIs
0%
0 pts in a year
Public
24.49%
+0.01 pts in a year

P/E and EPS over time

Daily P/E and trailing 12-month EPS. EPS updates with each result.

P/E 6.9xEPS (12 months) ₹ 15.61Median P/E 18.8x
P/E (times)EPS (₹)

Peers

Listed companies in the same business.

Peer comparison
Emami Paper Mills₹ 109.00₹ 645 Cr.6.9x1.4x12%—
Aditya Birla Real Estate₹ 1,043.35₹ 11,654 Cr.—4.3x−8.7%−83%
JK Paper₹ 356.65₹ 6,450 Cr.24x1.2x5.1%3.9%
KS Smart Technologies Ltd₹ 77.34₹ 1,269 Cr.14.6x7.5x49.9%7.4%
GHV Infra Projects₹ 244.90₹ 1,937 Cr.34.4x12.4x55.9%7.9%
Seshasayee Paper and Boards₹ 199.05₹ 1,259 Cr.16.2x0.7x4.1%4.8%

Management

Aditya Vardhan Agarwal
Executive Chairman of the Board
Sushil Kumar Khetan
Chief Executive Officer, Whole-time Director
Manish Goenka
Executive Vice Chairman of the Board
Mukesh Kumar Agarwal
Chief Financial Officer, Vice President - Finance
Soumyajit Mukherjee
Chief Marketing Officer
Sumit Jaiswal
Compliance Officer, Company Secretary

Prices are delayed and for information only. Nothing on this page is investment advice.