Manufactures paper and paperboard from two plants located in Erode and Tirunelveli, with paper being the sole reportable segment. FY26 revenue stood at ₹1,710.45 cr, with EBITDA margin of 8.5%. Q1 FY27 (Apr-Jun 2026) saw a sharp rebound — standalone revenue rose about 28% year-on-year to ₹492 cr, EBITDA jumped 60% to ₹57.11 cr, and net profit nearly doubled to ₹33.59 cr, supported by sales volume growth of 19.4% and export volume growth of 138%. Raw materials are the dominant input cost at 64.7% of revenue, followed by other operating expenses at 21.6% and employee costs at 6.1%; depreciation accounts for 2.6%. The company is pursuing an acquisition of Servalakshmi Paper — one appeal is pending at NCLAT while two have been withdrawn. A dividend of ₹2 per equity share was declared for FY26, against ₹2.50 in the prior year. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Paper and paperboard (100%). Cyclical, asset-heavy pulp and paper manufacturer
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 1,355 | 2,083 | 1,802 | 1,754 | 1,710 |
| EBITDA (ex other income) | 166 | 534 | 340 | 111 | 96 |
| margin % | 12.2 | 25.6 | 18.9 | 6.4 | 5.6 |
| Owners' profit | 0 | 0 | 0 | 0 | 0 |
| EPS, as reported (₹) | 18.27 | 65.72 | 44.96 | 18.13 | 13.70 |
| ROE % · ROCE % | 8.8 · 9.9 | 24.2 · 28.9 | 14.2 · 16.7 | 5.5 · 6.2 | 4.0 · 4.5 |
| Debt / equity (x) | 0.00 | 0.00 | 0.01 | 0.04 | 0.00 |
| Cash from operations | 274 | 329 | 202 | (61) | 92 |
| Capex | (104) | (32) | (40) | (63) | (56) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 398 | 431 | 502 | 385 | 346 | 387 | 592 | 492 |
| Profit before tax | 33 | 15 | 28 | 22 | 24 | 21 | 23 | 44 |
| Net profit | 28 | 17 | 27 | 15 | 22 | 19 | 26 | 32 |
| EPS (₹) | 4.73 | 2.76 | 4.50 | 2.56 | 3.72 | 3.10 | 4.32 | 5.30 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| JK PAPER LIMITED | 7,513 | 22.7 | 1.30 | 10.1 | 4.7 | 4.4 | 20.8 | 17.0 |
| WEST COAST PAPER MILLS LT | 4,722 | 20.6 | 1.13 | 9.5 | 3.7 | 5.0 | 13.8 | 23.6 |
| SESHASAYEE PAPER & BOARDS ◆ | 1,517 | 15.3 | 0.74 | 10.4 | 4.0 | 4.1 | 16.9 | 11.3 |
| ANDHRA PAPER LIMITED | 1,464 | 53.0 | 0.75 | — | 1.0 | 1.2 | — | 17.9 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 4 Sept 2026 · Postal Ballot Results - R.J.Ramesh Appointed as Nominee Director | management changes | medium | — | — |
| 4 Sept 2026 · Shareholders approve R.J. Ramesh as Nominee Director | management changes | medium | — | — |
| 4 Sept 2026 · Approval of Sri R.J. Ramesh as Nominee Director | management changes | medium | — | — |
| 4 Sept 2026 · Postal Ballot Results: Nominee Director Appointment Approved | compliance | low | — | — |
| 4 Sept 2026 · Nominee Director R.J. Ramesh appointment approved via postal ballot | management changes | medium | — | — |
| 6 Aug 2026 · Postal ballot for appointment of Nominee Director | compliance | minimal | — | — |
| 4 Aug 2026 · Postal Ballot Notice for Appointment of Nominee Director | management changes | medium | — | — |
| 31 Jul 2026 · Promoter group entity Dhanashree Investments buys 20,695 shares | ownership changes | medium | — | — |
| 28 Jul 2026 · Q1 FY27 results: PAT up 5.3% YoY at Rs 33.59 cr, revenue Rs 505.25 cr | compliance | minimal | — | — |
| 25 Jul 2026 · Seshasayee Paper Q1 FY27 results: Revenue up 27.7%, PAT nearly doubles | results | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| N R AGARWAL INDS LTD |
| 1,078 |
| 17.4 |
| 1.32 |
| — |
| 5.4 |
| 3.9 |
| — |
| 12.4 |
| TAMILNADU NEWSPRT & PAPER | 1,066 | 4.1 | 0.46 | — | 10.7 | 1.4 | — | 11.2 |
| PUDUMJEE PAPER PRO. LTD | 929 | 10.2 | 1.39 | — | 14.0 | 16.2 | — | 25.2 |
| EMAMI PAPER MILLS LIMITED | 712 | 7.6 | 1.24 | — | 10.7 | 8.1 | — | 14.8 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 15.3 | 15.3 | 20 of 39 | 50% |
| P/B | 0.7 | 0.8 | 16 of 34 | 55% |
| ROCE | 4.1 | 4.4 | 28 of 49 | 44% |
| ROE | 4.0 | 4.0 | 22 of 45 | 52% |
| Debt / Equity | 0.0 | 0.2 | 9 of 45 | 73% |
| EBITDA margin | 11.3 | 10.4 | 18 of 38 | 54% |
| Revenue growth | 27.7 | 11.5 | 10 of 39 | 76% |
| Profit growth | 106.8 | 60.9 | 15 of 42 | 66% |
| Market cap | 1517 | 88 | 3 of 46 | 96% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
