N.R.Agarwal Industries Ltd.

BSE: NRAIL516082ISIN INE740D01017

Commodities
Paper & Paper Products

Share price

₹676.65-38.30 (-5.36%)

as of 4 Nov 2026

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

52W high: ₹831.25
52W low: ₹360.85
Off 52W high: -18.60%
1M return: +2.92%
3M return: +38.23%
6M return: +36.82%
1Y return: +43.48%
20D avg volume: 2,777
50 DMA: ₹636.03
200 DMA: ₹499.94

Key ratios Standalone

Market cap: ₹1,152 Cr
Current price: ₹676.65
52W high / low: ₹831.25 / ₹360.85
Face value: ₹10.00
P/E: 12.18
P/B: 1.50
EPS (TTM): ₹55.55
Book value / share: ₹451.10
ROE: 12.31%
ROCE: 8.00%
Operating margin: 11.38%
Net margin: 4.63%
Debt / equity: 0.97
Net debt: ₹785.48 Cr
Interest cover: 1.93
Dividend yield: 0.30%
Dividend / share (TTM): ₹2.00
Payout: 3.60%
Cash conversion cycle: 43.1 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
	668.81	646.96	605.39	563.23	524.68	452.14	465.74	417.91	428.41	346.98	247.24	335.56
	3.12	5.77	0.33	3.33	5.83	25.68	1.13	13.85	8.98	7.43	2.57	2.44
	671.93	652.73	605.72	566.56	518.85	477.83	466.86	431.77	437.39	354.41	249.81	338.00
	629.57	606.97	581.82	539.26	514.74	468.01	470.20	422.51	433.26	348.50	228.87	299.14
	446.18	426.15	389.93	390.62	355.56	298.45	310.71	267.88	274.48	208.55	139.83	175.08
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	33.75	34.01	28.08	26.61	25.56	25.18	24.32	23.44	25.90	23.91	21.66	20.50
	15.55	16.44	15.61	16.08	16.95	15.50	15.77	16.40	15.50	13.24	5.16	2.22
	18.21	17.85	17.51	17.32	16.94	16.88	16.36	16.79	16.29	16.14	10.38	9.16
	126.44	115.26	110.38	103.71	103.67	103.56	103.96	—	—	—	—	—
	42.36	45.76	23.90	27.30	4.12	9.81	-3.34	9.26	4.13	5.91	20.94	38.85
	0.00	0.00	0.00	-1.06	-4.44	0.00	—	—	—	—	—	—
	42.36	45.76	23.90	26.24	-0.32	9.81	-3.34	9.26	4.13	5.91	20.94	38.85
	11.42	10.79	9.70	11.81	1.15	-6.73	3.48	3.47	4.21	2.50	5.28	7.42
	30.94	34.98	14.20	14.43	-1.47	16.55	-6.82	12.73	8.34	3.40	15.66	31.43
	18.18	20.55	8.34	8.48	-0.87	9.72	-4.01	7.48	4.90	2.00	9.20	18.47
Key metrics
	76.12	80.05	57.02	59.64	33.57	42.19	28.79	42.45	35.92	35.29	36.48	50.23
	11.40%	12.40%	9.40%	10.60%	6.40%	9.30%	6.20%	10.20%	8.40%	10.20%	14.80%	15.00%
	4.60%	5.40%	2.30%	2.60%	-0.30%	3.70%	-1.50%	3.00%	1.90%	1.00%	6.30%	9.40%
	3.70%	—	2.60%	—	1.20%	—	0.90%	—	—	—	—	—
	27.50%	43.10%	30.00%	34.80%	22.50%	30.30%	88.40%	24.50%	—	—	—	—
	2,204.80%	111.40%	308.20%	13.40%	-117.60%	386.80%	-143.60%	-59.50%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	2,484	2,145	1,659	1,293	1,766	1,617
	12.55	23.51	31.40	9.47	12.43	11.43
	2,497	2,169	1,690	1,303	1,778	1,628
	2,358	2,104	1,674	1,165	1,631	1,533
	1,653	1,435	1,062	722.55	1,106	999.88
	0.00	0.00	0.00	—	—	—
	122.45	105.44	97.57	80.49	77.68	71.45
	63.68	64.14	60.91	10.54	13.79	25.23
	70.89	68.65	65.57	37.41	35.81	34.40
	455.79	421.32	406.91	—	406.34	392.67
	139.32	65.13	15.96	137.63	147.74	94.61
	-1.06	-5.51	0.00	—	—	—
	138.26	59.62	15.96	137.63	147.74	94.61
	43.72	15.92	1.70	12.17	48.44	33.59
	94.55	43.70	17.65	125.46	99.30	61.02
	55.55	25.68	10.37	73.72	58.35	35.85
Key metrics
	272.83	192.41	142.44	185.58	197.34	154.24
	10.98%	9.00%	8.60%	14.40%	11.20%	9.50%
	3.81%	2.00%	1.10%	9.70%	5.60%	3.80%
	—	8.00%	5.60%	—	—	—
	33.54%	29.30%	28.30%	-26.80%	9.30%	—
	350.45%	147.60%	-85.90%	26.30%	62.70%	—
	—	-198.65	56.45	—	—	—
	—	2.17	9.98	—	—	—
	—	0.97	0.80	—	—	—
	—	785.48	620.41	—	—	—
	—	43.1	27.2	—	—	—
Balance sheet
	—	2,031	1,770	—	—	—
	—	567.80	510.60	—	—	—
	—	3.43	0.67	—	—	—
	—	246.52	186.43	—	—	—
	—	253.69	167.55	—	—	—
	—	16.94	42.55	—	—	—
	—	1,185	1,171	—	—	—
	—	246.74	230.37	—	—	—
	—	491.68	384.69	—	—	—
	—	788.91	621.08	—	—	—
	—	201.67	119.76	—	—	—
	—	587.24	501.32	—	—	—
	—	815.40	774.59	—	—	—
Cash flow
	—	94.87	176.11	—	—	—
	—	-188.08	-174.69	—	—	—
	—	95.98	-0.93	—	—	—
	—	293.52	119.66	—	—	—

Compounded growth

Sales CAGR 3Y: +6.70%
Sales CAGR 5Y: —
Profit CAGR 3Y: -23.94%
Profit CAGR 5Y: —
Sales YoY (TTM): +33.54%
Profit YoY (TTM): +350.45%

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: 74.29%

Quarter	September 2026	June 2026	March 2026	December 2025
Promoter %	74.29%	74.29%	74.29%	74.12%

Holder	Type	Holding	Previous	Change
RAJENDRA NAGIN AGARWAL	Promoter	47.05%	47.05%	0.00%
REENA RAJENDRA AGARWAL	Promoter	26.67%	26.67%	0.00%
MUKUL MAHAVIR AGRAWAL	Public	2.06%	2.06%	0.00%
DEVENDRA BANKATLAL RATHI	Public	1.80%	1.80%	0.00%
INVESTOR EDUCATION AND PROTECTION FUND AUTHORITY MINISTRY OF CORPORATE AFFAIRS	Public	1.41%	1.41%	0.00%
REERA HOLDINGS PRIVATE LIMITED	Promoter Group	0.55%	0.55%	0.00%
ROHAN RAJENDRA AGARWAL	Promoter	0.01%	0.01%	0.00%
RAUNAK AGARWAL	Promoter	0.01%	0.01%	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

Pursuant to Regulation 47 of SEBI (LODR) Regulations, 2015, please find enclosed the newspaper clipping of un-audited financial results for the quarter and half year ended September 30, 2026.4 Nov 2026 · Company Update / Newspaper Publication
Un-audited financial results for the quarter and half year ended September 30, 20263 Nov 2026 · Result / Financial Results
Un-Audited Financial Results for the quarter and half year ended September 30, 20263 Nov 2026 · Board Meeting / Outcome of Board Meeting
NR Agarwal Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 03/11/2026 ,inter alia, to consider and approve Unaudited Financial Results ....22 Oct 2026 · Board Meeting / Board Meeting
Certificate pursuant to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended September 30, 2026.12 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Appointment of Mr. Makarand P Barhanpurkar as Senior Managerial Personnel with effect from October 12, 2026.12 Oct 2026 · Company Update / Change in Management
Newspaper publication for re-lodgement of transfer and dematerialisation requests for physical shares.7 Oct 2026 · Company Update / Newspaper Publication
Intimation of closure of trading window for the quarter and half year ended September 30, 202624 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Clarification on price movement10 Sep 2026 · Company Update / General
The Exchange has sought clarification from NR Agarwal Industries Ltd on September 09, 2026 with reference to significant movement in price, in order to ensure that investors have latest ....9 Sep 2026 · Company Update / Clarification
Voting results and Scrutinizers Report3 Sep 2026 · AGM/EGM / AGM
Alteration of objet clause Memorandum of Association of the Company2 Sep 2026 · Company Update / Amendments to Memorandum & Articles of Association
Proceedings of 33rd AGM held on September 02, 20262 Sep 2026 · AGM/EGM / AGM
Appointment of Mr. Manoj Chauhan as Senior Managerial Personnel with effect from September 01, 2026.1 Sep 2026 · Company Update / Change in Management
Corrigendum to the Newspaper publication dated August 15, 2026 in Mumbai Lakshadweep newspaper19 Aug 2026 · Company Update / Newspaper Publication
Newspaper publication - Form INC 2615 Aug 2026 · Company Update / Newspaper Publication
Pursuant to Regulation 47 of SEBI (LODR) Regulations, 2015, please find enclosed the newspaper clipping of un-audited financial results for the quarter ended June 30, 2026.6 Aug 2026 · Company Update / Newspaper Publication
Un-audited Financial Results for the quarter ended June 30, 20265 Aug 2026 · Result / Financial Results
Un-audited Financial Results for the quarter ended June 30, 20265 Aug 2026 · Board Meeting / Outcome of Board Meeting
Newspaper publication post dispatch of AGM Notice5 Aug 2026 · Company Update / Newspaper Publication
Record date for dividend is August 22, 20264 Aug 2026 · Corp. Action / Dividend
Annual Report along with Notice of AGM for the Financial Year 2025-264 Aug 2026 · Others / Reg. 34 (1) Annual Report
Notice of 33rd Annual General Meeting4 Aug 2026 · AGM/EGM / AGM
Newspaper publication for 33rd AGM30 Jul 2026 · Company Update / Newspaper Publication
Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, we are enclosing herewith the newspaper clipping of Business Standard (English) and Mumbai Lakshadweep (Marathi) in which ....29 Jul 2026 · Company Update / Newspaper Publication
NR Agarwal Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 05/08/2026 ,inter alia, to consider and approve The Un-audited Financial ....22 Jul 2026 · Board Meeting / Board Meeting
Newspaper clipping regarding intimation to concerned shareholders whose shares are liable to be transferred to Demat Account of Investor Education & Protection Fund (IEPF) for their unclaimed ....21 Jul 2026 · Company Update / Newspaper Publication
Pursuant to Regulation 30 and other applicable provisions of SEBI Listing Regulations, this is to inform that ICRA Limited has reaffirmed the long term rating of [ICRA] A- Stable (pronounced ....17 Jul 2026 · Company Update / Credit Rating
Certificate pursuant to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended June 30, 2026.7 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
We hereby inform you that pursuant to clause 4 of schedule B of the SEBI (PIT) Regulations, 2015, read with Company''s Code of Conduct to Regulate, Monitor and Report trading by Designated ....24 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, we are enclosing herewith the newspaper clipping of Business Standard (English) and Mumbai Lakshadweep (Marathi) in which ....28 May 2026 · Company Update / Newspaper Publication
In terms of regulation 24(A) of SEBI (LODR) Regulations, 2015, please find enclosed Annual Secretarial Compliance Report for the financial year ended March 31, 2026, issued by Parikh & ....26 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Pursuant to Regulation 47(3) of the SEBI (LODR) Regulations, 2015, we are enclosing herewith the Newspaper clipping of Business Standard (English) and Mumbai Lakshadweep (Marathi) in which ....14 May 2026 · Company Update / Newspaper Publication
Alteration of Memorandum of Association of the Company.12 May 2026 · Company Update / General
Update on new Multilayer Board Plant (Unit VI)12 May 2026 · Company Update / General
Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, the Board of Directors at their meeting held on May 12, 2026 considered and approved the following: 1. Re-appointment of ....12 May 2026 · Company Update / Change in Management
The Board of Directors at their meeting held on May 12, 2026 has recommended a final dividend @ 20% i.e. Rs. 2/ per share (face value Rs. 10/-) for financial year 2025-26 subject to approval ....12 May 2026 · Corp Action / Dividend Updates
Pursuant to Regulation 30 and 33 read with Schedule III of SEBI (LODR) Regulations, 2015, we hereby inform you that the Board of Directors at their meeting held held on May 12, 2026 has ....12 May 2026 · Result / Financial Results
Pursuant to Regulation 30 and 33 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Board of Directors at ....12 May 2026 · Board Meeting / Outcome of Board Meeting
NR Agarwal Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/05/2026 ,inter alia, to consider and approve 1. Audited Financial ....4 May 2026 · Board Meeting / Board Meeting

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 2.0000	25 Aug 2026	26 Aug 2026	—
Final Dividend - Rs. - 2.0000	17 Sep 2025	17 Sep 2025	—
Final Dividend - Rs. - 2.0000	16 Aug 2024	—	—

Board meetings

3 Nov 2026 Board Meeting - Financial Results
5 Aug 2026 Board Meeting - Financial Results