BALKRISHNA

Balkrishna Paper Mills Limited

Balkrishna Paper Mills Limited (BALKRISHNA) financial statements and selected valuation metrics through 30 June 2026.

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

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Key metrics

Price as of 2026-10-16

Stock price
₹15.74
Market cap
51 Cr
Stock P/E
Loss (TTM EPS ₹-2.06)
Operating margin (FY26)
-19.3%

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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Compare with peers

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What you need to know

Balkrishna Paper Mills is a Mumbai-based company that trades paper and paperboard, having discontinued its own paper and paperboard manufacturing at Ambivali.

Company snapshot

20thBy market cap

Ranked among 22 companies in Paper & Paper Products.

Segment mix

Reportable segments as of 2024-12-31 (Standalone). Revenue share = segment revenue ÷ total revenue.

Largest segment: 100.0% of revenue

SegmentRevenue shareRevenuePBTAssets
Manufacturing of Paper and Paper Board at Ambivali (Note )
82.2%
0.54 Cr-2 Cr—
Paper and Paper Board
100.0%
0.65 Cr-0.63 Cr—
Trading of plastic & packaging materials—0 Cr0 Cr—

Shares add up to 182% because segment revenues are before inter-segment eliminations.

What we see

Concerns
  • ✗Net margin is negative — the company is spending more than it earns right now.
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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
Sales0.94 Cr2 Cr2 Cr0.38 Cr0 Cr0.65 Cr2 Cr1 Cr1 Cr2 Cr0.89 Cr2 Cr
Operating expenses (approx.)3 Cr3 Cr2 Cr1 Cr0.26 Cr0.85 Cr2 Cr1 Cr1 Cr2 Cr1 Cr2 Cr
EBITDA-2 Cr-0.77 Cr-0.67 Cr-0.65 Cr-0.26 Cr-0.19 Cr-0.17 Cr-0.16 Cr-0.18 Cr-0.29 Cr-0.27 Cr-0.16 Cr
OPM %-242.9%-43.4%-42.7%-171.5%—-29.8%-10.1%-14.2%-17.8%-16.7%-30.9%-9.1%
Other income0.08 Cr0.02 Cr0.03 Cr0.05 Cr0.01 Cr0.02 Cr0.01 Cr0.01 Cr0.01 Cr0.01 Cr0.06 Cr0.03 Cr
Interest3 Cr3 Cr3 Cr2 Cr2 Cr1 Cr1 Cr1 Cr1 Cr2 Cr2 Cr1 Cr
Depreciation0.70 Cr0.67 Cr0.37 Cr0.34 Cr0.0045 Cr0.0045 Cr0.0037 Cr0.0040 Cr0.0040 Cr0.0030 Cr0.0032 Cr0.0032 Cr
Profit before tax-52 Cr-4 Cr-29 Cr6 Cr-3 Cr-2 Cr7 Cr-2 Cr-2 Cr-2 Cr-3 Cr-2 Cr
Tax %41.0%0.0%0.1%0.0%0.0%0.0%0.0%0.0%0.0%90.1%-8.4%0.0%
Net profit-31 Cr-4 Cr-29 Cr6 Cr-3 Cr-2 Cr7 Cr-2 Cr-2 Cr-0.21 Cr-3 Cr-2 Cr
EPS (₹)₹-28.50₹-3.83₹-26.91₹2.19₹-0.96₹-0.56₹2.16₹-0.54₹-0.56₹-0.07₹-0.86₹-0.56

Profit & loss (annual)

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

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales191 Cr211 Cr214 Cr196 Cr126 Cr242 Cr109 Cr6 Cr2 Cr5 CrSign in free for the trailing twelve months
Operating expenses (approx.)203 Cr234 Cr237 Cr210 Cr136 Cr248 Cr145 Cr12 Cr3 Cr6 CrSign in free for the trailing twelve months
EBITDA-12 Cr-23 Cr-23 Cr-13 Cr-9 Cr-6 Cr-36 Cr-7 Cr-0.86 Cr-0.90 CrSign in free for the trailing twelve months
OPM %-6.4%-10.8%-10.6%-6.9%-7.3%-2.3%-32.7%-123.2%-37.0%-19.0%Sign in free for the trailing twelve months
Other income5 Cr2 Cr0.11 Cr0.22 Cr3 Cr2 Cr0.15 Cr0.36 Cr0.09 Cr0.11 CrSign in free for the trailing twelve months
Interest7 Cr11 Cr14 Cr13 Cr13 Cr8 Cr10 Cr11 Cr6 Cr6 CrSign in free for the trailing twelve months
Depreciation6 Cr7 Cr7 Cr7 Cr6 Cr6 Cr6 Cr3 Cr0.02 Cr0.01 CrSign in free for the trailing twelve months
Profit before tax-20 Cr-38 Cr-44 Cr-33 Cr-26 Cr-5 Cr-52 Cr-92 Cr8 Cr-8 CrSign in free for the trailing twelve months
Tax %-18.8%-6.0%3.2%-5.7%-0.7%-4.0%0.3%22.8%0.0%20.9%Sign in free for the trailing twelve months
Net profit-23 Cr-40 Cr-42 Cr-35 Cr-26 Cr-5 Cr-52 Cr-71 Cr8 Cr-7 CrSign in free for the trailing twelve months
EPS (₹)₹-21.84₹-37.42₹-39.33₹-32.18₹-24.07₹-4.36₹-48.30₹-66.24₹2.63₹-2.02Sign in free for the trailing twelve months
Dividend payout %————————0.0%—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 capital11 Cr11 Cr11 Cr11 Cr11 Cr11 Cr11 Cr11 Cr32 Cr32 Cr
Reserves38 Cr-2 Cr-44 Cr-79 Cr-105 Cr-109 Cr-161 Cr-233 Cr-201 Cr-208 Cr
Borrowings70 Cr122 Cr134 Cr162 Cr177 Cr205 Cr229 Cr215 Cr160 Cr166 Cr
Other liabilities86 Cr96 Cr106 Cr102 Cr131 Cr81 Cr57 Cr52 Cr28 Cr27 Cr
Total liabilities205 Cr226 Cr208 Cr196 Cr215 Cr187 Cr135 Cr45 Cr19 Cr18 Cr
Fixed assets (net)156 Cr155 Cr149 Cr146 Cr139 Cr128 Cr121 Cr27 Cr0.38 Cr0.37 Cr
CWIP4 Cr1 Cr3 Cr0.83 Cr0.89 Cr0.40 Cr0 Cr0 Cr0 Cr0 Cr
Investments——0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr1 Cr
Inventories16 Cr26 Cr28 Cr26 Cr23 Cr40 Cr8 Cr6 Cr0 Cr0 Cr
Trade receivables14 Cr16 Cr16 Cr11 Cr11 Cr6 Cr0.89 Cr2 Cr0.50 Cr0.21 Cr
Cash & bank0.11 Cr0.10 Cr0.12 Cr0.11 Cr31 Cr0.06 Cr0.44 Cr0.43 Cr0.82 Cr0.19 Cr
Other assets15 Cr28 Cr11 Cr12 Cr10 Cr13 Cr5 Cr10 Cr17 Cr16 Cr
Total assets205 Cr226 Cr208 Cr196 Cr215 Cr187 Cr135 Cr45 Cr19 Cr18 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 activity4 Cr-36 Cr-3 Cr-14 Cr24 Cr-55 Cr-20 Cr-8 Cr-4 Cr-2 Cr
Cash from investing3 Cr-2 Cr-2 Cr-0.19 Cr-0.21 Cr19 Cr2 Cr12 Cr24 Cr0.05 Cr
Cash from financing-10 Cr39 Cr6 Cr14 Cr8 Cr5 Cr18 Cr-4 Cr-19 Cr0.88 Cr
Net cash flow-3 Cr-0.02 Cr0.03 Cr-0.01 Cr31 Cr-31 Cr0.38 Cr-0.01 Cr0.40 Cr-0.63 Cr
Free cash flow (OCF − Capex)-6 Cr-39 Cr-6 Cr-15 Cr23 Cr-55 Cr-20 Cr-8 Cr-4 Cr-2 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %-10.5%-20.8%-29.0%-21.3%-18.6%-11.1%-53.5%———
ROE %-47.7%-452.2%————————
Debtor days2728272132931167816
Inventory days49667381106944442000
Days payable153113316422897954871139
Cash conversion cycle-77-1996-62-907-484867-22
Debt / equity1.4213.710.00—0.00—————
Current ratio0.430.640.430.520.480.640.160.110.030.08
Net debt / EBITDA——————————