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Emami Paper Mills Ltd (EMAMIPAP)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 533208 NSE: EMAMIPAP Paper & Paper Products | Small Cap | Emami Paper Mills Share Price

₹86.14 -0.29 (-0.34%)

As on 04-Jun'26 16:59

Emami Paper Mills Ltd (EMAMIPAP)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 533208 NSE: EMAMIPAP Paper & Paper Products | Small Cap | Emami Paper Mills Share Price

₹86.14 -0.29 (-0.34%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹521 Cr.
Current Price
₹86.1
52-Week Low / High
₹56 / 123
TTM EPS
₹10.2
TTM Sales
₹1,907 Cr.
Book Value per Share
₹81.9
P/E Ratio
8.49
Lower than its 5-year historical median
Industry PE
16.9
Price to Book (P/B)
1.05
Lower than its 5-year historical median
Price to Sales (P/S)
0.27
Lower than its 5-year historical median
EV/EBITDA
6.16
Lower than its 5-year historical median
Dividend Yield
1.91%
Profitability Efficiency
Return on Equity (ROE)
4.99%
In line with industry median
Return on Capital Employed (ROCE)
6.69%
Underperforms industry median
Return on Assets (ROA)
1.47%
Operating Profit Margin
7.4%
Net Profit Margin
1.35%
Gross Profit Margin
4.4%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-3.3%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-40%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-69.15%
Asset Quality
Promoter Holding
74.97%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹484 Cr.
Equity
₹12.1 Cr.
Face Value
₹2
All Time Low / High
₹20.65 / 288.00

Emami Paper Mills stock performance

Key Ratios
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Quality

Somewhat Good
Check detailed performance

Valuation

Undervalued

Check Valuation charts

Price Trend

Strong
Check Price chart
Q.1 Is Emami Paper Mills Ltd a good quality company?
Emami Paper Mills Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

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We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

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How does Emami Paper Mills Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Emami Paper Mills Ltd vs industry peers?
Emami Paper Mills Ltd revenue CAGR is 4.94%, compared to the industry median CAGR of 5.29%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Emami Paper Mills Ltd?
Promoters hold 74.97% of the Emami Paper Mills Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Emami Paper Mills Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 5.1% based on the current price.
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10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Emami Paper Mills Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation ⓘ

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % ⓘ2.4%6.1%6.3%10.1%7%12.9%16.4%10.5%12.2%6.7%-
Value Creation
Index ⓘ		-0.8-0.6-0.6-0.3-0.5-0.10.2-0.3-0.1-0.5-

Growth Parameters ⓘ
Sales ⓘ5391,1401,3561,5381,5151,2161,9582,3811,9941,9281,907
Sales YoY Gr.-111.6%19%13.4%-1.5%-19.7%61%21.6%-16.3%-3.3%-
Adj EPS ⓘ3.90.82.29.65.4-220.412.813.94.210.2
YoY Gr.--79.4%174.1%330.2%-43.3%-136.9%NA-37.1%8.3%-70%-
BVPS (₹) ⓘ64.238.840.242.736.248.967.775.287.784.581.9
Adj Net
Profit ⓘ		23.84.913.457.832.8-12.112377.78425.361
Cash Flow from Ops. ⓘ-79.7-14.868.727531324632932.535143.8-
Debt/CF from Ops. ⓘ-13.5-94.322.35.64.53.72.426.51.717.6-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ15.2%4.9%-0.5%-3.3%
Adj EPS ⓘ0.7%-5.1%-41.1%-70%
BVPSⓘ3.1%18.5%7.7%-3.6%
Share Price 5.8% -11.8% -10.3% -10.9%

Key Financial Parameters ⓘ

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity % ⓘ		5.41.45.623.113.8-3.220.711.511.43.512.2
Op. Profit
Mgn % ⓘ		8.811.311.616.916.114.616.49.911.97.410.3
Net Profit
Mgn % ⓘ		4.40.413.82.2-16.33.34.21.33.2
Debt to
Equity ⓘ		2.45.96.366.41.71.21.20.81.10.7
Working Cap
Days ⓘ		2081351471491481619610112311871
Cash Conv.
Cycle ⓘ		917490857073445575813

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales5391,1401,3561,5381,5151,2161,9582,3811,9941,928
Operating Expenses ⓘ + 4921,0121,1991,3001,3071,0391,6442,1591,7581,786
Manufacturing Costs97185219240216158211266237244
Material Costs3287138559129157531,2341,6471,3071,311
Employee Cost 34586267706479818389
Other Costs ⓘ 3257628110664120166131141
Operating Profit ⓘ 47128157239209177314222236142
Operating Profit Margin (%) 8.8%11.2%11.6%15.5%13.8%14.6%16.0%9.3%11.9%7.4%
Other Income ⓘ + 1324151111212234
Exceptional Items ⓘ 0000-2772-6000
Interest ⓘ 2370841141259683636761
Depreciation ⓘ 27566469737274686052
Profit Before Tax ⓘ 11262466-51031539311233
Tax ⓘ -1778226523924287
Profit After Tax 28191644-1051115698426
PAT Margin (%) 5.2%1.7%1.2%2.9%-0.7%4.2%5.9%2.9%4.2%1.4%
Adjusted EPS (₹)3.83.22.77.3-1.78.419.011.413.94.3
Dividend Payout Ratio (%)15.80%38.10%44.30%16.50%0%0%8.40%14%11.50%37.20%

Valuation of Emami Paper Mills - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 450234243258219539653699774678
Share Capital ⓘ 7312121212256256256256178
Reserves ⓘ 376222231246207284397443518499
Debt +9761,2761,3761,3751,245704657716496637
Long Term Debt707918962894780405348275230314
Short Term Debt269358414481465299310441266322
Minority Interest0000000000
Trade Payables758285188190182159209117145
Others Liabilities ⓘ 157220261289264363310352328358
Total Liabilities ⓘ 1,6581,8121,9642,1111,9181,7881,7791,9761,7141,817

Fixed Assets

Net Fixed Assets ⓘ +1,1951,2201,2821,2971,2981,2251,1611,1481,0851,059
Gross Block1,4941,2761,4021,4861,5601,5581,5661,6181,5901,614
Accumulated Depreciation29956120189261333405470505555
CWIP ⓘ 55910310314104
Investments ⓘ 1565644245449394559
Inventories173229261332278223227409247369
Trade Receivables103149221209209201218263261253
Cash Equivalents 8134161020142051
Others Assets ⓘ 1021201191158672911146172
Total Assets ⓘ 1,6581,8121,9642,1111,9181,7881,7791,9761,7141,817

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity ⓘ + -80-15692753132463293235144
PBT ⓘ 11262466-51031539311233
Adjustment ⓘ 369514216524057172146128110
Changes in Working Capital ⓘ -124-131-905780844-188121-92
Tax Paid ⓘ -3-5-8-13-23-1-18-10-8
Cash Flow From Investing Activity ⓘ + -102-60-124-15731-7-34-24-10-17
Capex -117-63-126-157-39-8-34-24-11-18
Net Investments 0220000000
Others ⓘ 150017011111
Cash Flow From Financing Activity ⓘ + 1673039-123-335-246-307-9-336-32
Net Proceeds from Shares ⓘ 0000000000
Net Proceeds from Borrowing ⓘ 37-862-86-209-2-145-66-80-15
Interest Paid ⓘ -19-57-65-91-80-80-78-56-65-58
Dividend Paid ⓘ -4-4-9-9-90-10-15-15-15
Others ⓘ 1531005163-37-164-74128-17656
Net Cash Flow ⓘ -14-45-16-410-7-12-05-5

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)7.366.136.8617.56-4.3819.8332.551617.14.99
ROCE (%)2.46.116.3310.17.0112.9416.3710.4512.216.69
Asset Turnover Ratio0.360.680.720.760.750.661.11.271.081.09
PAT to CFO Conversion(x)-2.86-0.794.316.25N/A4.822.860.464.181.69
Working Capital Days
Receivable Days49.1038.8049.5051.1050.4061.603936.8047.9048.70
Inventory Days96.6061.9065.5070.4073.5075.2041.9048.706058.30
Payable Days81.1040.3035.6054.6075.5090.3050.4040.8045.6036.40

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Emami Paper Mills Ltd FAQs

The current trading price of Emami Paper Mills on 04-Jun-2026 16:59 is ₹86.14.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Jun-2026 the market cap of Emami Paper Mills stood at ₹521.1 Cr

The latest P/E ratio of Emami Paper Mills as of 03-Jun-2026 is 8.49.

The latest P/B ratio of Emami Paper Mills as of 03-Jun-2026 is 1.05.

The 52-week high of Emami Paper Mills is ₹122.7 and the 52-week low is ₹55.95.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Emami Paper Mills is ₹1,907 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Emami Paper Mills Ltd is a average quality company.

The key valuation ratios of Emami Paper Mills Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Emami Paper Mills Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Emami Paper Mills Ltd

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