ANDHRAPAP

ANDHRA PAPER LIMITED

Paper and pulp manufacturer with integrated mill operations

Commodities›Forest Materials›Paper, Forest & Jute Products›Paper & Paper Products

andhrapaper.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹68.39
Market cap
1,364 Cr
Stock P/E
49.4
P/B
0.70
Dividend yield
1.5%
ROE (FY26)
1.0%
ROCE (FY26)
2.0%
Operating margin (FY26)
-2.4%
Debt / equity (FY26)
0.12
OCF / EBITDA (FY26)
155.3%
OCF / EBITDA (3Y)
58.1%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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What you need to know

Andhra Paper makes and sells pulp, paper and paperboards from two manufacturing units, Rajahmundry and Kadiyam.

Company snapshot

4thBy market cap

Ranked among 22 companies in Paper & Paper Products.

What we see

Positives
  • ✓Debt-to-equity of 0.12x — the company is largely funded by its own money, not borrowed funds.
Concerns
  • ✗Net margin is very thin at 1.1% — little room for error if costs rise.
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Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Standalone only

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales482 Cr477 Cr364 Cr316 Cr432 Cr386 Cr407 Cr393 Cr362 Cr419 Cr527 Cr394 Cr
Operating expenses (approx.)351 Cr367 Cr329 Cr282 Cr380 Cr357 Cr387 Cr360 Cr369 Cr403 Cr502 Cr345 Cr
EBITDA131 Cr110 Cr35 Cr34 Cr52 Cr28 Cr20 Cr34 Cr-7 Cr15 Cr25 Cr49 Cr
OPM %27.2%23.0%9.7%10.7%12.1%7.3%5.0%8.5%-1.9%3.7%4.8%12.4%
Other income21 Cr24 Cr28 Cr25 Cr30 Cr15 Cr18 Cr27 Cr10 Cr29 Cr17 Cr22 Cr
Interest1 Cr0.83 Cr0.83 Cr2 Cr4 Cr5 Cr7 Cr6 Cr4 Cr5 Cr4 Cr3 Cr
Depreciation17 Cr17 Cr17 Cr21 Cr21 Cr22 Cr25 Cr26 Cr27 Cr27 Cr27 Cr27 Cr
Profit before tax135 Cr116 Cr46 Cr36 Cr58 Cr17 Cr6 Cr29 Cr-28 Cr12 Cr12 Cr41 Cr
Tax %25.4%29.0%15.7%23.2%27.8%31.8%-27.3%27.0%27.0%19.1%34.3%25.2%
Net profit100 Cr82 Cr38 Cr28 Cr42 Cr12 Cr8 Cr21 Cr-20 Cr10 Cr8 Cr30 Cr
EPS (₹)₹25.22₹20.74₹9.66₹6.96₹2.10₹0.59₹0.39₹1.07₹-1.02₹0.50₹0.39₹1.52

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,231 Cr1,280 Cr1,427 Cr1,270 Cr887 Cr1,380 Cr2,098 Cr1,801 Cr1,541 Cr1,701 CrSign in free for the trailing twelve months
Operating expenses (approx.)1,061 Cr1,058 Cr1,049 Cr967 Cr826 Cr1,159 Cr1,363 Cr1,370 Cr1,407 Cr1,634 CrSign in free for the trailing twelve months
EBITDA170 Cr221 Cr379 Cr302 Cr61 Cr221 Cr735 Cr431 Cr135 Cr67 CrSign in free for the trailing twelve months
OPM %13.8%17.3%26.5%23.8%6.9%16.0%35.0%23.9%8.7%4.0%Sign in free for the trailing twelve months
Other income6 Cr5 Cr15 Cr15 Cr15 Cr45 Cr52 Cr95 Cr89 Cr84 CrSign in free for the trailing twelve months
Interest34 Cr26 Cr9 Cr5 Cr5 Cr5 Cr7 Cr4 Cr18 Cr18 CrSign in free for the trailing twelve months
Depreciation70 Cr66 Cr68 Cr76 Cr73 Cr72 Cr63 Cr66 Cr88 Cr107 CrSign in free for the trailing twelve months
Profit before tax44 Cr126 Cr311 Cr236 Cr-6 Cr188 Cr701 Cr456 Cr117 Cr25 CrSign in free for the trailing twelve months
Tax %26.8%34.3%35.7%9.7%25.8%25.8%25.5%25.4%24.1%26.6%Sign in free for the trailing twelve months
Net profit32 Cr83 Cr200 Cr213 Cr-5 Cr140 Cr522 Cr340 Cr89 Cr19 CrSign in free for the trailing twelve months
EPS (₹)₹8.15₹20.89₹50.31₹53.54₹-1.16₹35.14₹131.37₹85.43₹4.47₹0.94Sign in free for the trailing twelve months
Dividend payout %—————14.2%5.7%14.6%44.7%106.8%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital40 Cr40 Cr40 Cr40 Cr40 Cr40 Cr40 Cr40 Cr40 Cr40 Cr
Reserves438 Cr524 Cr724 Cr936 Cr935 Cr1,054 Cr1,542 Cr1,853 Cr1,901 Cr1,900 Cr
Borrowings234 Cr181 Cr13 Cr8 Cr29 Cr59 Cr55 Cr114 Cr283 Cr232 Cr
Other liabilities442 Cr352 Cr410 Cr337 Cr328 Cr345 Cr368 Cr443 Cr381 Cr367 Cr
Total liabilities1,155 Cr1,097 Cr1,186 Cr1,321 Cr1,333 Cr1,498 Cr2,005 Cr2,451 Cr2,605 Cr2,538 Cr
Fixed assets (net)793 Cr738 Cr705 Cr678 Cr617 Cr582 Cr575 Cr794 Cr1,023 Cr1,000 Cr
CWIP3 Cr4 Cr8 Cr2 Cr8 Cr8 Cr29 Cr114 Cr30 Cr279 Cr
Investments10 Cr15 Cr16 Cr44 Cr219 Cr383 Cr887 Cr1,029 Cr909 Cr650 Cr
Loans & advances——21 Cr41 Cr62 Cr104 Cr16 Cr1 Cr1 Cr0.32 Cr
Inventories184 Cr155 Cr157 Cr223 Cr164 Cr145 Cr174 Cr237 Cr322 Cr263 Cr
Trade receivables68 Cr70 Cr74 Cr41 Cr76 Cr103 Cr148 Cr61 Cr109 Cr156 Cr
Cash & bank7 Cr16 Cr15 Cr14 Cr15 Cr25 Cr21 Cr11 Cr4 Cr16 Cr
Other assets91 Cr99 Cr191 Cr278 Cr172 Cr149 Cr155 Cr204 Cr207 Cr174 Cr
Total assets1,155 Cr1,097 Cr1,186 Cr1,321 Cr1,333 Cr1,498 Cr2,005 Cr2,451 Cr2,605 Cr2,538 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity172 Cr215 Cr310 Cr177 Cr-123 Cr202 Cr536 Cr319 Cr-55 Cr105 Cr
Cash from investing-29 Cr-31 Cr-110 Cr-167 Cr113 Cr-181 Cr-499 Cr-334 Cr-61 Cr2 Cr
Cash from financing-145 Cr-175 Cr-201 Cr-11 Cr11 Cr-12 Cr-41 Cr5 Cr109 Cr-94 Cr
Net cash flow-3 Cr9 Cr-1 Cr-0.64 Cr1 Cr9 Cr-3 Cr-10 Cr-7 Cr12 Cr
Free cash flow (OCF − Capex)141 Cr182 Cr268 Cr149 Cr-123 Cr163 Cr421 Cr-12 Cr-320 Cr-194 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %10.9%20.5%41.2%24.5%-0.2%16.8%43.3%22.9%6.1%2.0%
ROE %6.8%14.7%26.2%21.8%-0.5%12.8%33.0%17.9%4.6%1.0%
Debtor days20201912312726122633
Inventory days1371171191861971137710012087
Days payable10310013010815612787967153
Cash conversion cycle5437890721315167568
OCF / EBITDA %101.0%97.1%81.9%58.6%-202.1%91.6%72.9%74.0%-41.2%155.3%
OCF / EBITDA % (3 years)——90.5%77.8%49.1%43.9%60.5%76.2%61.5%58.1%
Debt / equity0.490.320.020.00800.030.050.030.060.150.12
Current ratio0.670.801.492.552.212.383.403.062.972.95
Net debt / EBITDA1.340.74-0.0056-0.020.230.150.050.242.073.21