STARPAPER

Star Paper Mills Limited

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

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

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

Price as of 2026-10-16

Stock price
₹166.49
Market cap
260 Cr
Stock P/E
8.4
P/B
0.37
Dividend yield
2.1%
ROE (FY26)
4.6%
ROCE (FY26)
5.0%
Operating margin (FY26)
2.8%
OCF / EBITDA (FY26)
157.4%
OCF / EBITDA (3Y)
62.1%

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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Compare with peers

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What you need to know

Star Paper Mills makes paper, paper board and related products in India, and reports them as a single operating segment.

Company snapshot

16thBy market cap

Ranked among 22 companies in Paper & Paper Products.

What we see

Positives
  • ✓Interest coverage of 12.4x — earnings comfortably cover interest obligations.

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
Sales106 Cr115 Cr100 Cr114 Cr111 Cr97 Cr114 Cr101 Cr104 Cr92 Cr113 Cr103 Cr
Operating expenses (approx.)90 Cr101 Cr95 Cr104 Cr102 Cr90 Cr104 Cr95 Cr97 Cr91 Cr108 Cr101 Cr
EBITDA15 Cr14 Cr5 Cr10 Cr9 Cr8 Cr10 Cr6 Cr7 Cr0.63 Cr4 Cr3 Cr
OPM %14.5%12.0%5.4%8.6%8.1%8.0%8.9%6.2%6.8%0.7%3.9%2.7%
Other income8 Cr9 Cr11 Cr8 Cr10 Cr5 Cr1 Cr12 Cr6 Cr12 Cr-6 Cr14 Cr
Interest0.19 Cr0.19 Cr0.34 Cr0.23 Cr0.23 Cr0.26 Cr0.24 Cr0.23 Cr0.25 Cr0.23 Cr0.21 Cr0.22 Cr
Depreciation1 Cr1 Cr1 Cr1 Cr1 Cr1 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr
Profit before tax22 Cr19 Cr14 Cr16 Cr17 Cr11 Cr9 Cr16 Cr11 Cr11 Cr-3 Cr15 Cr
Tax %31.5%23.5%-0.1%15.5%16.9%27.6%43.4%21.5%-20.3%22.3%62.9%25.5%
Net profit15 Cr15 Cr14 Cr14 Cr15 Cr8 Cr5 Cr13 Cr13 Cr8 Cr-1 Cr11 Cr
EPS (₹)₹9.73₹9.46₹9.17₹8.91₹9.30₹4.94₹3.21₹8.21₹8.34₹5.26₹-0.83₹7.05

Profit & loss (annual)

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

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales344 Cr351 Cr378 Cr341 Cr233 Cr331 Cr493 Cr444 Cr436 Cr410 CrSign in free for the trailing twelve months
Operating expenses (approx.)273 Cr279 Cr328 Cr293 Cr212 Cr299 Cr413 Cr387 Cr399 Cr391 CrSign in free for the trailing twelve months
EBITDA71 Cr72 Cr49 Cr48 Cr21 Cr32 Cr80 Cr57 Cr37 Cr18 CrSign in free for the trailing twelve months
OPM %20.6%20.6%13.0%14.1%9.1%9.7%16.2%12.8%8.4%4.5%Sign in free for the trailing twelve months
Other income2 Cr5 Cr7 Cr7 Cr9 Cr18 Cr22 Cr32 Cr24 Cr24 CrSign in free for the trailing twelve months
Interest1 Cr1 Cr0.65 Cr0.65 Cr0.58 Cr0.47 Cr0.56 Cr0.84 Cr0.96 Cr0.93 CrSign in free for the trailing twelve months
Depreciation4 Cr4 Cr4 Cr5 Cr5 Cr5 Cr5 Cr5 Cr6 Cr7 CrSign in free for the trailing twelve months
Profit before tax68 Cr72 Cr52 Cr49 Cr25 Cr44 Cr83 Cr81 Cr53 Cr34 CrSign in free for the trailing twelve months
Tax %10.7%24.8%-3.2%24.2%29.6%17.1%21.2%20.9%23.0%4.3%Sign in free for the trailing twelve months
Net profit60 Cr54 Cr53 Cr37 Cr18 Cr37 Cr66 Cr64 Cr41 Cr33 CrSign in free for the trailing twelve months
EPS (₹)₹38.67₹34.76₹34.08₹23.88₹11.22₹23.48₹42.08₹41.01₹26.36₹20.98Sign in free for the trailing twelve months
Dividend payout %————22.3%10.6%8.2%12.1%15.2%16.6%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 capital16 Cr16 Cr16 Cr16 Cr16 Cr16 Cr16 Cr16 Cr16 Cr16 Cr
Reserves337 Cr390 Cr440 Cr473 Cr486 Cr519 Cr579 Cr632 Cr665 Cr693 Cr
Borrowings4 Cr2 Cr1 Cr———————
Other liabilities157 Cr154 Cr135 Cr142 Cr148 Cr137 Cr134 Cr142 Cr142 Cr129 Cr
Total liabilities514 Cr562 Cr592 Cr630 Cr650 Cr672 Cr728 Cr790 Cr823 Cr838 Cr
Fixed assets (net)404 Cr405 Cr410 Cr411 Cr414 Cr414 Cr414 Cr425 Cr424 Cr420 Cr
CWIP2 Cr7 Cr4 Cr7 Cr6 Cr3 Cr3 Cr3 Cr2 Cr4 Cr
Investments46 Cr78 Cr81 Cr89 Cr95 Cr114 Cr47 Cr194 Cr203 Cr247 Cr
Loans & advances——0 Cr0.45 Cr0.45 Cr0 Cr0 Cr0 Cr0 Cr0 Cr
Inventories33 Cr44 Cr49 Cr80 Cr76 Cr75 Cr96 Cr115 Cr135 Cr117 Cr
Trade receivables7 Cr8 Cr7 Cr4 Cr0.33 Cr6 Cr3 Cr4 Cr6 Cr7 Cr
Cash & bank5 Cr3 Cr0.40 Cr6 Cr4 Cr4 Cr3 Cr11 Cr23 Cr9 Cr
Other assets17 Cr16 Cr40 Cr34 Cr54 Cr55 Cr163 Cr37 Cr30 Cr34 Cr
Total assets514 Cr562 Cr592 Cr630 Cr650 Cr672 Cr728 Cr790 Cr823 Cr838 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 activity39 Cr32 Cr31 Cr17 Cr29 Cr19 Cr47 Cr26 Cr15 Cr29 Cr
Cash from investing-35 Cr-31 Cr-28 Cr-4 Cr-25 Cr-13 Cr-41 Cr-9 Cr4 Cr-36 Cr
Cash from financing-3 Cr-3 Cr-5 Cr-8 Cr-5 Cr-5 Cr-7 Cr-9 Cr-8 Cr-7 Cr
Net cash flow0.70 Cr-2 Cr-2 Cr5 Cr-2 Cr0.32 Cr-0.86 Cr7 Cr12 Cr-13 Cr
Free cash flow (OCF − Capex)35 Cr27 Cr25 Cr8 Cr22 Cr16 Cr42 Cr15 Cr11 Cr20 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %19.3%18.0%11.4%10.2%5.1%8.4%14.1%12.6%8.0%5.0%
ROE %17.1%13.4%11.7%7.6%3.5%6.9%11.0%9.9%6.0%4.6%
Debtor days7874172356
Inventory days116144131209315187159190244211
Days payable1521361061151867250403836
Cash conversion cycle-28163397130121110153211181
OCF / EBITDA %54.8%44.2%62.4%36.4%134.6%58.3%58.7%45.3%40.3%157.4%
OCF / EBITDA % (3 years)——52.8%47.3%64.8%63.9%70.7%54.1%50.4%62.1%
Debt / equity0.010.00380.0031———————
Current ratio1.342.072.983.503.434.265.256.196.917.90
Net debt / EBITDA-0.0091-0.020.02-0.12-0.19-0.14-0.04-0.19-0.61-0.50