ANDHRA PAPER LIMITED

BSE: ANDHRAPAP502330ISIN INE435A01051

Commodities
Paper & Paper Products
BSE Commodities

Share price

₹63.90+0.44 (+0.69%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

Splits and bonuses

11 Sep 2024 · Split 5:1 (₹10 → ₹2)

52W high: ₹79.69
52W low: ₹57.03
Off 52W high: -19.81%
1M return: -8.45%
3M return: +4.98%
6M return: -5.36%
1Y return: -18.07%
20D avg volume: 22,342
50 DMA: ₹67.83
200 DMA: ₹64.67

Key ratios Standalone

Market cap: ₹1,271 Cr
Current price: ₹63.90
52W high / low: ₹79.69 / ₹57.03
Face value: ₹2.00
P/E: 47.22
P/B: 0.67
EPS (TTM): ₹1.39
Book value / share: ₹95.37
ROE: 1.42%
ROCE: 2.00%
Operating margin: 17.89%
Net margin: 7.70%
Debt / equity: 0.12
Net debt: ₹215.98 Cr
Interest cover: 2.39
Dividend yield: 0.78%
Dividend / share (TTM): ₹0.50
Payout: 35.97%
Cash conversion cycle: 55.7 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	426.07	393.77	527.05	418.69	362.08	393.42	407.37	385.70	432.28	315.89	364.38	476.58
	9.82	21.66	17.46	28.72	10.18	27.23	17.68	15.30	30.33	25.42	27.87	24.12
	435.89	415.43	544.51	447.41	372.26	420.65	425.05	401.00	462.61	341.31	392.25	500.70
	430.17	374.88	532.75	435.23	400.01	391.48	418.89	383.93	404.81	305.28	346.66	384.50
	259.48	244.86	288.39	284.49	245.22	275.82	269.08	243.85	276.86	184.86	165.54	247.07
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	48.07	43.54	47.04	47.35	43.57	43.04	43.83	42.85	43.50	38.94	44.41	42.19
	5.34	2.90	3.71	4.55	4.20	5.76	7.26	4.53	3.87	2.24	0.83	0.83
	27.60	26.99	27.10	27.39	26.91	25.90	24.53	22.00	20.97	20.82	16.71	16.72
	78.08	63.96	103.52	89.82	82.44	77.17	80.27	49.90	44.24	39.88	45.61	35.77
	5.72	40.55	11.76	12.18	-27.75	29.17	6.17	17.07	57.80	36.03	45.59	116.20
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	5.72	40.55	11.76	12.18	-27.75	29.17	6.17	17.07	57.80	36.03	45.59	116.20
	1.45	10.23	4.04	2.33	-7.49	7.86	1.69	5.43	16.08	8.34	7.17	33.73
	4.27	30.32	7.72	9.85	-20.26	21.31	7.85	11.65	41.72	27.68	38.41	82.47
	0.21	1.52	0.39	0.50	-1.02	1.07	0.39	0.59	2.10	6.96	9.66	20.74
Key metrics
	38.66	70.44	42.57	44.12	3.36	60.83	37.96	43.60	82.64	59.09	63.13	133.75
	9.10%	17.90%	8.10%	10.50%	0.90%	15.50%	9.30%	11.30%	19.10%	18.70%	17.30%	28.10%
	1.00%	7.70%	1.50%	2.40%	-5.60%	5.40%	1.90%	3.00%	9.70%	8.80%	10.50%	17.30%
	0.50%	—	0.70%	—	-1.10%	—	0.60%	—	—	—	—	—
	17.70%	0.10%	29.40%	8.60%	-16.20%	24.50%	11.80%	-19.10%	—	—	—	—
	121.10%	42.30%	-1.70%	-15.50%	-148.60%	-23.00%	-79.60%	-85.90%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	1,766	1,701	1,541	1,801	2,098	1,380
	77.66	83.59	88.73	94.95	52.02	44.88
	1,843	1,785	1,630	1,896	2,150	1,425
	1,773	1,759	1,513	1,440	1,433	1,237
	1,077	1,099	974.65	865.35	821.18	467.70
	0.00	0.00	0.00	—	—	—
	186.00	181.00	169.12	169.31	164.76	157.07
	16.50	18.22	17.89	4.41	7.17	5.45
	109.08	107.31	88.32	65.87	63.20	72.01
	335.38	348.28	310.56	147.72	147.29	164.80
	70.21	25.36	117.08	455.64	716.37	188.36
	0.00	0.00	0.00	—	-15.38	—
	70.21	25.36	117.08	455.64	700.98	188.36
	18.05	6.75	28.16	115.90	178.52	48.62
	52.16	18.62	88.91	339.74	522.46	139.73
	2.62	0.94	4.47	85.43	131.37	35.14
Key metrics
	195.79	150.89	223.29	525.92	771.35	265.82
	11.09%	8.90%	14.50%	29.20%	36.80%	19.30%
	2.95%	1.10%	5.80%	18.90%	24.90%	10.10%
	—	2.00%	6.20%	—	—	—
	14.01%	10.40%	-14.40%	-14.20%	52.00%	—
	153.82%	-79.10%	-73.80%	-35.00%	273.90%	—
	—	-194.24	-320.41	—	—	—
	—	5.61	-0.62	—	—	—
	—	0.12	0.15	—	—	—
	—	215.98	278.76	—	—	—
	—	55.7	57.1	—	—	—
Balance sheet
	—	2,538	2,605	—	—	—
	—	1,040	1,310	—	—	—
	—	16.17	3.77	—	—	—
	—	156.07	108.63	—	—	—
	—	263.07	322.14	—	—	—
	—	97.43	122.58	—	—	—
	—	999.72	1,023	—	—	—
	—	159.24	189.41	—	—	—
	—	353.14	440.31	—	—	—
	—	232.15	282.53	—	—	—
	—	68.90	143.04	—	—	—
	—	163.25	139.49	—	—	—
	—	1,939	1,941	—	—	—
Cash flow
	—	104.50	-55.39	—	—	—
	—	1.74	-61.16	—	—	—
	—	-93.89	109.24	—	—	—
	—	298.74	265.02	—	—	—

Compounded growth

Sales CAGR 3Y: -6.74%
Sales CAGR 5Y: —
Profit CAGR 3Y: -67.09%
Profit CAGR 5Y: —
Sales YoY (TTM): +14.01%
Profit YoY (TTM): +153.82%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 72.45%

Quarter	September 2026	June 2026
Promoter %	72.45%	72.45%

Holder	Type	Holding	Previous	Change
WEST COAST PAPER MILLS LTD	Promoter	72.45%	72.45%	0.00%
SBI CONSERVATIVE HYBRID FUND	Public	4.08%	2.60%	+1.48%
LOK PRAKASHAN LTD	Public	3.55%	3.55%	0.00%
RAVIRAJ DEVELOPERS LTD	Public	1.20%	1.30%	-0.10%
FOREIGN BANK	Public	0.00%	0.00%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
JK Paper Ltd.	6,688	368.85	18.76	7.10%	+12.02% TTM	+16.59% TTM	-4.54%
West Coast Paper Mills Limited	5,479	829.60	23.09	5.90%	+8.20% TTM	-13.51% TTM	+84.11%
Seshasayee Paper & Boards Ltd.	1,361	215.85	11.45	4.50%	+18.52% TTM	+45.83% TTM	-16.32%
ANDHRA PAPER LIMITED S	1,271	63.90	47.22	2.00%	+14.01% TTM	+153.82% TTM	-18.07%
N.R.Agarwal Industries Ltd. S	1,152	676.65	12.18	8.00%	+33.54% TTM	+350.45% TTM	+43.48%
Tamil Nadu Newsprint And Papers Ltd S	968	139.85	3.71	6.80%	+2.88% TTM	+1,119.58% TTM	-8.53%
Pudumjee Paper Products Limited S	832	87.63	8.59	16.60%	+5.99% TTM	+5.76% TTM	-25.83%
Emami Paper Mills Ltd. S	711	117.50	5.40	13.90%	+16.70% TTM	+610.59% TTM	+20.08%
SATIA INDUSTRIES LIMITED S	660	65.99	-84.60	4.00%	-2.75% TTM	-107.88% TTM	-13.26%
Kuantum Papers Limited S	567	65.00	17.43	5.10%	+11.75% TTM	-49.81% TTM	-37.05%
Shree Rama Newsprint Limited S	395	26.75	-5.74	0.90%	-20.68% TTM	+35.34% TTM	-5.54%
PAKKA LIMITED S	336	70.48	15.19	3.90%	+23.23% TTM	-27.40% TTM	-49.85%
Orient Paper & Industries Ltd. S	322	15.17	-4.53	-4.40%	-0.07% TTM	-398.60% TTM	-40.16%
Ruchira Papers Ltd S	303	101.61	9.21	10.60%	-1.26% TTM	-52.67% TTM	-23.17%
Shree Ajit Pulp And Paper Ltd	292	330.00	7.07	14.70%	+28.47% TTM	+179.60% TTM	+24.98%
GENUS PAPER & BOARDS LIMITED S	268	10.42	16.28	6.60%	-1.31% TTM	+24.12% TTM	-35.68%
Star Paper Mills Ltd. S	223	143.00	7.21	4.50%	-2.69% TTM	-22.70% TTM	-12.94%
South India Paper Mills Ltd. S	218	116.45	13.39	10.60%	+13.49% TTM	+1,006.11% TTM	+45.09%
Shreyans Industries Limited. S	173	125.15	-12.33	2.40%	-0.87% TTM	-126.05% TTM	-43.11%
MAGNUM VENTURES LIMITED S	125	18.20	-82.73	2.10%	+12.14% TTM	-134.10% TTM	-26.32%
Shree Krishna Paper Mills & Industr S	98	85.00	4.61	37.80%	+23.59% TTM	+1,008.44% TTM	-1.81%
Ganga Papers India Ltd S	97	90.30	54.40	13.90%	+19.49% TTM	+16.88% TTM	+3.14%
S.V.J.ENTERPRISES LIMITED S	97	174.50	133.21	7.20%	—	—	-49.69%
NATH INDUSTRIES LIMITED S	93	49.11	13.87	5.80%	+17.55% TTM	-48.82% TTM	-33.28%
Malu Paper Mills Limited S	53	31.00	-13.14	60.60%	+38.29% TTM	+77.95% TTM	-19.81%

Filings & corporate actions

Recent announcements

Outcome of the Board meeting_results_attached herewith.30 Oct 2026 · Board Meeting / Outcome of Board Meeting
Result outcome for quarter and half year ended 30/09/2026 is attached herewith30 Oct 2026 · Result / Financial Results
Andhra Paper Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/10/2026 ,inter alia, to consider and approve un-audited financial results of ....19 Oct 2026 · Board Meeting / Board Meeting
Attached herewith a copy of clarificaton letter to BSE on volume movement.13 Oct 2026 · Company Update / General
The Exchange has sought clarification from Andhra Paper Ltd on October 13, 2026, with reference to Movement in Volume.<BR><BR>The reply is awaited.13 Oct 2026 · Company Update / Clarification
Attached herewith a copy of compliance certificate under regulation 74(5) of SEBI(DP) Regulations.6 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Closure of Trading Window.25 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Attached herewith a copy of intimation under regulation 30 on levy of enviornment compensation by APPCB8 Sep 2026 · Company Update / General
Notice of paper ad on speical trading window.3 Sep 2026 · Company Update / Newspaper Publication
A copy of intimation on further update on manufacturing operations at Kadiyam unit.14 Aug 2026 · Company Update / General
Intimation of Annual outage at Rajahmundry plant w.e.f. August 17, 2026 to August 28, 2026.13 Aug 2026 · Company Update / General
We hereby bring to your kind attention that, shareholders at 62nd AGM, approved re-appointment of Mr. Saurabh Bangur as Managing Director of the Company for a period of 5 years w.e.f. Ocotober ....12 Aug 2026 · Company Update / Change in Management
Attached herewith a copy of scrutinzer report of 62nd AGM and voting results.12 Aug 2026 · AGM/EGM / AGM
Attached herewith proceedings of 62nd AGM of the Company.11 Aug 2026 · AGM/EGM / AGM
Outcome4 Aug 2026 · Board Meeting / Outcome of Board Meeting
Attached herewith a copy of UFR for June 30, 20264 Aug 2026 · Result / Financial Results
Andhra Paper Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 04/08/2026 ,inter alia, to consider and approve the un-audited financial results ....24 Jul 2026 · Board Meeting / Board Meeting
A copy attached herewith relating to further update on resumption of manufacturing operations at Kadiyam.23 Jul 2026 · Company Update / General
Attached herewith newspaper publication to shareholders for AGM.22 Jul 2026 · Company Update / Newspaper Publication
Intimation under regulation 30 relating to communication sent to shareholders on Annual Report and TDS Claims.21 Jul 2026 · Company Update / General
A copy of notice of 62nd AGM is attached herewith.20 Jul 2026 · AGM/EGM / AGM
A copy of BRSR for FY 25-26 is attached herewith.20 Jul 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
A copy of Annual Report FY 25-26 is attached herewith.20 Jul 2026 · Others / Reg. 34 (1) Annual Report
A copy of disclosure is attached herewith relating to update on resumption of manufacturing operations at Kadiam Unit.15 Jul 2026 · Company Update / General
A Copy of Advertisement is attached herewith relating to information relating to 62nd Annual General Meeting of the Company, intimation of Record date and other informations.14 Jul 2026 · Company Update / Newspaper Publication
This is to inform you that the Company has fixed Tuesday, August 4, 2026 as the "Record Date" for determining the members eligible to receive dividend for the Financial Year 25-26, if approved. The ....13 Jul 2026 · Corp. Action / Record Date
This is to inform that the 62nd AGM of the Company will be held on Tuesday, August 11, 2026 at 11.30 through VC/OAVM, in accordance with the applicable circulars issued by MCA and SEBI. ....13 Jul 2026 · AGM/EGM / AGM
Attached herewith Compliance Certificate under regulation 74(5) of SEBI(DP) Regulations, 20187 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
A copy of newspaper advertisement is attached herewith2 Jul 2026 · Company Update / Newspaper Publication
Intimation of closure of trading window.24 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Attached herewith an intimation to physical shareholders to furnish KYC details.15 Jun 2026 · Company Update / General
Intimation is attached herewith relating to update on operational status of the unit and consequential impact on production.4 Jun 2026 · Company Update / Strikes /Lockouts / Disturbances
We wish to inform that the Company has revoked the lockout at Unit Kadiyam, East Godavari District, Andhra Pradesh with effect from May 29, 2026.30 May 2026 · Company Update / Strikes /Lockouts / Disturbances
Annual Secretarial Compliance Report is attached herewith.28 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
The Board re-appointed Mr. Saurabh Bangur as Managing Director of the Company for period of 5 year effective 01.10.2026 subject to approval of shareholders of the Company.14 May 2026 · Company Update / Change in Management
Outcome of the meeting _ Board considered and approves the dividend and recommended the same to shareholders.14 May 2026 · Corp. Action / Dividend
Attached herewith a copy of Outcome_results14 May 2026 · Result / Financial Results
Outcome of Board meeting attached herewith.14 May 2026 · Board Meeting / Outcome of Board Meeting
We hereby attached clarification letter on estimated production loss of per day in Lockout period.5 May 2026 · Company Update / General
Andhra Paper Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/05/2026 ,inter alia, to consider and approve Audited Financial years for the ....5 May 2026 · Board Meeting / Board Meeting

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 0.5000	4 Aug 2026	4 Aug 2026	—
Final Dividend - Rs. - 1.0000	1 Aug 2025	1 Aug 2025	—
Stock Split From Rs.10/- to Rs.2/-	11 Sep 2024	11 Sep 2024	—
Final Dividend - Rs. - 10.0000	5 Aug 2024	5 Aug 2024	—

Board meetings

30 Oct 2026 Board Meeting - Financial Results
4 Aug 2026 Board Meeting - Financial Results