Andhra Paper share price & results
- Jun 2026
- Sept 2026
Integrated wood-pulp paper maker in Andhra Pradesh, producing writing, printing, industrial & copier papers.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 394 | +0.3% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 12.0 | +3.0 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 30.0 | +42.9% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 1.44 | −3.7 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | -11.46 | +9.3 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 5.19 | +24.8 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance −15.6% 1Y
1Y: ₹77.62 on 24 Oct 2025 → ₹65.55. High ₹78.92 (29 Oct 2025), low ₹58.43 (30 Mar 2026).
- Previous close
- ₹64.34
- Market cap
- ₹1.3k Cr
- 52-week range
- ₹58.43 – ₹78.92
- One year
- −15.93%
- Price to earnings (TTM to Jun 2026)
- 45.68×
- Return on equity (TTM to Jun 2026)
- 1.44%
Overview
- Symbol
- NSE:ANDHRAPAP
- Sector
- Forest Materials
- Industry
- Commodities
- Exchange
- NSE
- Currency
- INR
What Andhra Paper Limited does
Based on the company's own presentations, annual report and earnings calls.
Andhra Paper Limited is an integrated wood-based paper and pulp manufacturer, and the only paper mill in Andhra Pradesh using virgin pulp. It runs two manufacturing units - Rajahmundry and Kadiyam - making uncoated writing & printing paper, industrial grade papers, copier paper and specialty products such as cup-stock, poster and carbonless paper, sold through a pan-India dealer network and exported to multiple countries. The company sources pulpwood partly through its own farm forestry program and runs captive coal-fired power plants at both units to meet a large share of its energy needs. It is part of the West Coast Paper Mills group, which acquired a controlling stake in FY19.
Segments
- Writing & Printing Paper
- Industrial Paper
- Copier Paper
- Manufacturing units
- 2 (Rajahmundry and Kadiyam, both in Andhra Pradesh)
- Installed paper capacity
- 2,55,550 TPA
- Installed virgin pulp capacity
- 2,00,000 TPA
- Rajahmundry unit
- Integrated wood-based mill on 300 acres; 1,82,400 TPA finished paper + 2,00,000 TPA bleached pulp capacity
- Kadiyam unit
- 150-acre unit; 73,150 TPA finished paper capacity using recycled fibre and purchased pulp
- Product range
- 18 categories, 42 products
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +43% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 432 | 386 | 407 | 393 | 362 | 419 | 527 | 394 |
| Expenses | 380 | 357 | 387 | 360 | 369 | 403 | 502 | 345 |
| Operating profit | 52 | 28 | 20 | 34 | -7 | 15 | 25 | 49 |
| Operating margin | 12.0% | 7.0% | 5.0% | 9.0% | −1.9% | 3.7% | 4.8% | 12.0% |
| Other income | 30 | 15 | 18 | 27 | 10 | 29 | 17 | 22 |
| Interest | 4 | 5 | 7 | 6 | 4 | 5 | 4 | 3 |
| Depreciation | 21 | 22 | 25 | 26 | 27 | 27 | 27 | 27 |
| Profit before tax | 58 | 17 | 6 | 29 | -28 | 12 | 12 | 41 |
| Tax rate | 28.0% | 32.0% | −27.0% | 27.0% | −27.0% | 19.0% | 34.0% | 25.0% |
| Net profit | 42 | 12 | 8 | 21 | -20 | 10 | 8 | 30 |
| EPS (₹ per share) | 2.10 | 0.59 | 0.39 | 1.07 | -1.02 | 0.50 | 0.39 | 1.52 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 2,098 | 1,801 | 1,541 | 1,701 |
| Expenses | 1,363 | 1,370 | 1,406 | 1,634 |
| Operating profit | 735 | 431 | 134 | 67 |
| Other income | 37 | 95 | 88 | 83 |
| Interest | 7 | 4 | 18 | 19 |
| Depreciation | 63 | 67 | 89 | 107 |
| Profit before tax | 701 | 456 | 117 | 25 |
| Net profit | 522 | 339 | 90 | 19 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 40 | 40 | 40 | 40 | 40 | 40 |
| Reserves | 1,054 | 1,542 | 1,853 | 1,901 | 1,886 | 1,900 |
| Borrowings | 59 | 55 | 115 | 283 | 263 | 232 |
| Other liabilities | 345 | 367 | 443 | 381 | 374 | 367 |
| Total liabilities | 1,498 | 2,005 | 2,451 | 2,605 | 2,563 | 2,538 |
| Fixed assets | 585 | 577 | 795 | 1,024 | 1,025 | 1,000 |
| Capital work in progress | 8 | 29 | 114 | 30 | 77 | 279 |
| Investments | 383 | 887 | 1,029 | 909 | 832 | 650 |
| Other assets | 523 | 512 | 513 | 642 | 628 | 609 |
| Total assets | 1,498 | 2,005 | 2,451 | 2,605 | 2,563 | 2,538 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 104 | 202 | 536 | 319 | -55 | 104 |
| Cash from investing | -114 | -181 | -498 | -334 | -61 | 2 |
| Cash from financing | 11 | -12 | -41 | 5 | 109 | -94 |
| Net cash flow | 1 | 9 | -3 | -10 | -7 | 12 |
| Free cash flow | 83 | 163 | 422 | -12 | -320 | -194 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 31 | 27 | 26 | 12 | 26 | 33 |
| Inventory days | 169 | 80 | 77 | 102 | 127 | 87 |
| Days payable | 134 | 89 | 87 | 98 | 75 | 53 |
| Cash conversion cycle | 66 | 17 | 16 | 16 | 78 | 68 |
| Working capital days | 46 | 32 | 9 | -5 | 28 | 36 |
| Return on capital employed | 0.0% | 18.0% | 52.0% | 25.0% | 4.0% | 0.0% |
| Dividend payout | −432.0% | 21.0% | 10.0% | 12.0% | 22.0% | 53.0% |
Ownership
Who owns it
Promoters hold 72.45% as of Sept 2026; institutions cut 0.93 pts since Jun 2026.
- Promoters 72.45%
- Foreign institutions 0.33%
- Domestic institutions 4.49%
- Public 22.73%
Who bought this quarter
since Jun 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Mutual fund +1.48 pp 4.08% held
The same filing shows 1 holder trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Sep 2026 filing
Every holder of Andhra Paper Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 72.45% | unchanged | |
| Mutual fund | 4.08% | +1.48 pp |
| 3.55% | unchanged | |
| 1.20% | −0.10 pp | |
| Mutual fund | — | off the list |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in ANDHRAPAP
Filings to Sep 2026
0 new, 0 added, 0 trimmed, 0 sold out — net +0.00 L shares (+0.0%).
- Held by funds
- ₹47 Cr
- 1 schemes
- Biggest holder
- SBI Conservative Hybrid Fund
- ₹47 Cr · 0.5% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| SBI Conservative Hybrid Fund SBI Mutual Fund | ₹47 Cr | held | Dec '25 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Sep 2026
0 added, 0 trimmed — net 0 shares (+0.0%)
- Funds are sitting on
- +4%
- vs est. average cost
- Held by funds
- ₹47 Cr
- 1 schemes · ≈ 3.3% of the company
Shares held by these funds +165%
Dec '22 64.00 L shares Sep '26
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