EMAMIPAP

Emami Paper Mills Limited

Paper and paperboard manufacturer including newsprint

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

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

Price as of 2026-10-16

Stock price
₹121.48
Market cap
735 Cr
Stock P/E
7.8
P/B
1.28
Dividend yield
2.0%
ROE (FY26)
10.7%
ROCE (FY26)
11.6%
Operating margin (FY26)
7.4%
Debt / equity (FY26)
1.42
OCF / EBITDA (FY26)
100.6%
OCF / EBITDA (3Y)
103.2%

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

Emami Paper Mills is the paper company of the Kolkata-based Emami Group.

Company snapshot

8thBy market cap

Ranked among 22 companies in Paper & Paper Products.

What we see

Positives
  • ✓103% of operating profit came in as cash over the last three years — profits are backed by real cash.

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
Sales437 Cr494 Cr484 Cr504 Cr495 Cr454 Cr475 Cr460 Cr451 Cr500 Cr496 Cr560 Cr
Operating expenses (approx.)385 Cr413 Cr414 Cr460 Cr458 Cr425 Cr444 Cr422 Cr414 Cr440 Cr434 Cr477 Cr
EBITDA52 Cr81 Cr70 Cr44 Cr37 Cr29 Cr31 Cr38 Cr36 Cr60 Cr62 Cr83 Cr
OPM %11.9%16.4%14.5%8.7%7.5%6.4%6.6%8.2%8.0%12.0%12.5%14.8%
Other income0.21 Cr0.84 Cr2 Cr0.65 Cr0.57 Cr1 Cr2 Cr2 Cr5 Cr0.80 Cr14 Cr0.21 Cr
Interest17 Cr16 Cr16 Cr15 Cr15 Cr16 Cr16 Cr17 Cr17 Cr18 Cr16 Cr17 Cr
Depreciation12 Cr13 Cr21 Cr13 Cr13 Cr13 Cr13 Cr13 Cr14 Cr14 Cr14 Cr13 Cr
Profit before tax22 Cr53 Cr35 Cr17 Cr10 Cr2 Cr4 Cr9 Cr10 Cr26 Cr47 Cr53 Cr
Tax %26.0%25.4%23.2%26.7%25.1%5.0%2.2%32.5%34.7%35.8%33.7%27.5%
Net profit16 Cr39 Cr27 Cr13 Cr8 Cr2 Cr4 Cr6 Cr7 Cr17 Cr32 Cr39 Cr
EPS (₹)₹2.51₹6.30₹4.29₹1.91₹1.05₹0.08₹0.45₹0.84₹1.02₹2.47₹5.01₹6.21

Profit & loss (annual)

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

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,185 Cr1,366 Cr1,528 Cr1,515 Cr1,216 Cr1,958 Cr2,308 Cr1,994 Cr1,928 Cr1,907 CrSign in free for the trailing twelve months
Operating expenses (approx.)1,057 Cr1,205 Cr1,300 Cr1,307 Cr1,023 Cr1,644 Cr2,086 Cr1,758 Cr1,786 Cr1,711 CrSign in free for the trailing twelve months
EBITDA128 Cr161 Cr229 Cr209 Cr193 Cr314 Cr222 Cr236 Cr142 Cr196 CrSign in free for the trailing twelve months
OPM %10.8%11.8%15.0%13.8%15.9%16.0%9.6%11.9%7.4%10.3%Sign in free for the trailing twelve months
Other income24 Cr11 Cr14 Cr4 Cr4 Cr2 Cr2 Cr3 Cr4 Cr21 CrSign in free for the trailing twelve months
Interest70 Cr84 Cr107 Cr117 Cr95 Cr82 Cr63 Cr67 Cr61 Cr68 CrSign in free for the trailing twelve months
Depreciation56 Cr64 Cr69 Cr73 Cr72 Cr74 Cr68 Cr60 Cr52 Cr55 CrSign in free for the trailing twelve months
Profit before tax26 Cr24 Cr66 Cr-5 Cr103 Cr153 Cr93 Cr112 Cr33 Cr93 CrSign in free for the trailing twelve months
Tax %27.0%31.6%33.6%-131.2%50.2%25.2%25.7%24.8%22.1%34.3%Sign in free for the trailing twelve months
Net profit19 Cr16 Cr44 Cr-10 Cr51 Cr115 Cr69 Cr84 Cr26 Cr61 CrSign in free for the trailing twelve months
EPS (₹)₹3.15₹2.71₹7.27₹-1.73₹8.43₹18.17₹10.62₹13.12₹3.49₹9.34Sign in free for the trailing twelve months
Dividend payout %————0.0%8.5%21.1%17.3%56.1%23.8%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 capital12 Cr12 Cr12 Cr12 Cr12 Cr12 Cr12 Cr12 Cr12 Cr12 Cr
Reserves222 Cr231 Cr246 Cr207 Cr527 Cr641 Cr687 Cr762 Cr666 Cr563 Cr
Borrowings1,276 Cr1,376 Cr1,375 Cr1,245 Cr704 Cr786 Cr858 Cr606 Cr769 Cr817 Cr
Other liabilities302 Cr345 Cr477 Cr454 Cr545 Cr340 Cr419 Cr334 Cr370 Cr430 Cr
Total liabilities1,812 Cr1,964 Cr2,111 Cr1,918 Cr1,788 Cr1,779 Cr1,976 Cr1,714 Cr1,817 Cr1,822 Cr
Fixed assets (net)1,220 Cr1,282 Cr1,297 Cr1,298 Cr1,225 Cr1,161 Cr1,144 Cr1,082 Cr1,057 Cr1,028 Cr
CWIP5 Cr9 Cr103 Cr0.98 Cr0.10 Cr31 Cr4 Cr10 Cr4 Cr5 Cr
Investments56 Cr56 Cr44 Cr24 Cr54 Cr49 Cr39 Cr45 Cr59 Cr42 Cr
Loans & advances——0.56 Cr3 Cr0.36 Cr0.21 Cr0.53 Cr0.33 Cr0.38 Cr0.40 Cr
Inventories229 Cr261 Cr332 Cr278 Cr223 Cr227 Cr409 Cr247 Cr369 Cr388 Cr
Trade receivables149 Cr221 Cr209 Cr209 Cr201 Cr218 Cr263 Cr261 Cr253 Cr274 Cr
Cash & bank30 Cr14 Cr9 Cr19 Cr12 Cr0.16 Cr0.12 Cr5 Cr0.10 Cr0.14 Cr
Other assets124 Cr121 Cr116 Cr85 Cr73 Cr93 Cr118 Cr64 Cr74 Cr86 Cr
Total assets1,812 Cr1,964 Cr2,111 Cr1,918 Cr1,788 Cr1,779 Cr1,976 Cr1,714 Cr1,817 Cr1,822 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 activity-15 Cr69 Cr275 Cr313 Cr246 Cr329 Cr32 Cr351 Cr44 Cr197 Cr
Cash from investing-60 Cr-124 Cr-157 Cr31 Cr-7 Cr-34 Cr-24 Cr-10 Cr-17 Cr-26 Cr
Cash from financing30 Cr39 Cr-123 Cr-335 Cr-246 Cr-307 Cr-9 Cr-336 Cr-32 Cr-172 Cr
Net cash flow-45 Cr-16 Cr-4 Cr10 Cr-7 Cr-12 Cr-0.04 Cr5 Cr-5 Cr0.04 Cr
Free cash flow (OCF − Capex)-78 Cr-57 Cr118 Cr274 Cr237 Cr294 Cr6 Cr332 Cr23 Cr168 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %6.4%6.6%10.6%7.7%15.9%16.4%10.1%13.0%6.5%11.6%
ROE %8.1%6.7%17.0%-4.8%9.5%17.6%9.9%10.9%3.8%10.7%
Debtor days46595050604041484852
Inventory days110108116112112658866100113
Days payable39356676914645313957
Cash conversion cycle1161321008680608483109108
OCF / EBITDA %-11.5%42.7%120.2%150.2%127.4%104.7%14.6%148.7%30.9%100.6%
OCF / EBITDA % (3 years)——63.5%109.8%132.3%124.1%83.3%92.3%71.3%103.2%
Debt / equity5.445.675.335.691.311.201.230.781.141.42
Current ratio0.850.860.740.690.680.830.921.021.041.11
Net debt / EBITDA9.718.465.975.883.582.503.872.545.434.17