What is NR Agarwal Industries Ltd (NRAIL) share price return in the past 10 years?

NR Agarwal Industries Ltd share price has appreciated 25.6% annually (CAGR) over the past ten years.

What is the share price of NR Agarwal Industries Ltd (NRAIL)?

Company share prices are keep on changing according to the market conditions. The current trading price of NR Agarwal Industries Ltd (NRAIL) on 04-Jun-2026 16:59:59 at 16:59 is 464.00.

What is the P/E ratio of NR Agarwal Industries?

The latest standalone P/E ratio of NR Agarwal Industries as of 04-Jun-2026 is 18.07.

What is the P/B ratio of NR Agarwal Industries Ltd (NRAIL)?

The latest standalone P/B ratio of NR Agarwal Industries Ltd (NRAIL) as of 04-Jun-2026 is 0.97.

What is the 52-week high and low of NR Agarwal Industries Ltd (NRAIL)?

The 52-week high of NR Agarwal Industries Ltd (NRAIL) is Rs. 550.00 and the 52-week low is Rs. 249.05.

NR Agarwal Industries Ltd (NRAIL) Share Analysis – Quality, Valuation Zone & Price Trend & DeciZen Rating

Name: NR Agarwal Industries Ltd (NRAIL)
Brand: NR Agarwal Industries

NR Agarwal Industries Ltd (NRAIL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 516082 NSE: NRAIL Paper & Paper Products | Small Cap | NR Agarwal Inds Share Price

NR Agarwal Industries Ltd (NRAIL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 516082 NSE: NRAIL Paper & Paper Products | Small Cap | NR Agarwal Inds Share Price

Key Metrics

Valuation Multiples

Market Cap

₹790 Cr.

Current Price

₹464

52-Week Low / High

₹249 / 550

TTM EPS

₹25.7

TTM Sales

₹2,145 Cr.

Book Value per Share

₹479.1

P/E Ratio

18.07

Higher than its 5-year historical median

Industry PE

16.9

Price to Book (P/B)

0.97

Higher than its 5-year historical median

Price to Sales (P/S)

0.37

In line with its 5-year historical median

EV/EBITDA

7.95

Higher than its 5-year historical median

Dividend Yield

0.90%

Profitability Efficiency

Return on Equity (ROE)

2.30%

Underperforms industry median

Return on Capital Employed (ROCE)

5.68%

Underperforms industry median

Return on Assets (ROA)

1.06%

Operating Profit Margin

6.7%

Net Profit Margin

1.06%

Gross Profit Margin

4.9%

Growth Momentum
1-yr vs 3-yr growth

Sales Growth (1 Year)

Improving versus 3-year growth rate

28.27%

Operating Profit Growth (1 Year)

Slowing versus 3-year growth rate

-38.32%

Net Profit Growth (1 Year)

Slowing versus 3-year growth rate

-85.93%

Asset Quality

Promoter Holding

74.29%

Pledged shares (%) of Promoter's holding (%)

0.00%

Reserves

₹798 Cr.

Equity

₹17 Cr.

Face Value

₹10

All Time Low / High

₹2.00 / 615.85

NR Agarwal Industries stock performance

Key Ratios

Check Before You Invest

Quality

Very Good

Check detailed performance

Valuation

Somewhat Undervalued

Check Valuation charts

Price Trend

Semi Strong

Check Price chart

Q.1 Is NR Agarwal Industries Ltd a good quality company?

NR Agarwal Industries Ltd is a good quality company, based on a consistently good 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.

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.

How does NR Agarwal Industries Ltd performance compare with that of its Peers?

Q.1 Revenue growth of NR Agarwal Industries Ltd vs industry peers?

NR Agarwal Industries Ltd revenue CAGR is 3.38%, 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 NR Agarwal Industries Ltd?

Promoters hold 74.29% of the NR Agarwal Industries Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Stock return of NR Agarwal Industries Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of 27.2% based on the current price.

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

Value Creation ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	11.3%	27.7%	29.1%	29.6%	32%	17.1%	18.1%	22.3%	14.2%	5.7%	-
Value Creation Index ⓘ	-0.2	1.0	1.1	1.1	1.3	0.2	0.3	0.6	0.0	-0.6	-
Growth Parameters ⓘ
Sales ⓘ	883	1,044	1,190	1,318	1,405	1,146	1,617	1,766	1,293	1,659	2,145
Sales YoY Gr.	-	18.3%	14%	10.7%	6.6%	-18.5%	41.1%	9.3%	-26.8%	28.3%	-
Adj EPS ⓘ	10.2	28	52	53.7	65.5	31.6	32.3	55.9	73.8	0.8	25.7
YoY Gr.	-	175.2%	86%	3.3%	22%	-51.8%	2.4%	72.8%	32.2%	-98.9%	-
BVPS (₹) ⓘ	55.3	78.3	128.9	183.5	246.1	280	315	373.5	446.7	455.1	479.1
Adj Net Profit ⓘ	17.3	47.6	88.5	91.4	112	53.7	55	95.1	126	1.4	44
Cash Flow from Ops. ⓘ	37.6	90.6	104	112	191	116	95.6	129	135	176	-
Debt/CF from Ops. ⓘ	9.2	3.3	2.8	2.7	1.1	1.5	1.5	1	4.1	3.5	-

CAGR ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	7.3%	3.4%	0.9%	28.3%
Adj EPS ⓘ	-24.3%	-58.3%	-70.5%	-98.9%
BVPSⓘ	26.4%	13.1%	13.1%	1.9%
Share Price	25.6%	15.5%	16.2%	83.6%

Key Financial Parameters ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	20.3	41.9	50.2	34.4	30.5	12	10.9	16.2	18	0.2	5.5
Op. Profit Mgn % ⓘ	7.4	13.3	13.2	14.1	15.4	11.6	8.9	10.5	14	6.7	8.1
Net Profit Mgn % ⓘ	2	4.6	7.4	6.9	7.9	4.7	3.4	5.4	9.7	0.1	2
Debt to Equity ⓘ	3.7	2.3	1.3	1	0.5	0.4	0.3	0.2	0.7	0.8	0.7
Working Cap Days ⓘ	75	63	60	63	67	92	77	79	106	89	45
Cash Conv. Cycle ⓘ	14	30	42	44	43	53	43	41	53	46	7

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	883	1,044	1,190	1,318	1,405	1,146	1,617	1,766	1,293	1,659
Operating Expenses ⓘ +	818	906	1,033	1,134	1,189	1,013	1,474	1,582	1,115	1,549
Manufacturing Costs	158	154	187	205	218	191	285	342	263	341
Material Costs	549	614	706	763	810	659	1,010	1,074	700	1,007
Employee Cost	44	50	57	70	76	68	71	78	80	98
Other Costs ⓘ	67	88	84	96	85	95	108	88	73	104
Operating Profit ⓘ	65	138	157	184	216	133	143	184	178	110
Operating Profit Margin (%)	7.4%	13.2%	13.2%	14.0%	15.4%	11.6%	8.8%	10.4%	13.8%	6.6%
Other Income ⓘ +	8	6	6	8	12	8	11	13	8	33
Exceptional Items ⓘ	0	1	0	0	0	0	0	0	0	0
Interest ⓘ	46	43	40	35	36	30	25	14	11	61
Depreciation ⓘ	23	25	26	27	32	33	34	36	37	66
Profit Before Tax ⓘ	4	78	97	131	161	78	95	148	138	16
Tax ⓘ	-14	28	7	36	44	20	34	48	12	-2
Profit After Tax	18	50	90	95	117	57	61	99	125	18
PAT Margin (%)	2.0%	4.8%	7.6%	7.2%	8.3%	5.0%	3.8%	5.6%	9.7%	1.1%
Adjusted EPS (₹)	10.5	29.2	53.0	55.6	68.6	33.6	35.9	58.4	73.7	10.4
Dividend Payout Ratio (%)	0%	6.80%	5.70%	7.20%	0%	3%	0%	0%	2.70%	19.30%

Valuation of NR Agarwal Inds - Standalone

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	94	133	219	312	419	476	536	636	760	775
Share Capital ⓘ	17	17	17	17	17	17	17	17	17	17
Reserves ⓘ	77	116	202	295	402	459	519	619	743	758
Debt +	314	266	241	241	173	112	108	134	518	577
Long Term Debt	217	187	154	160	131	46	36	133	446	501
Short Term Debt	97	78	87	81	42	66	73	1	72	76
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	79	56	45	65	85	135	150	95	63	230
Others Liabilities ⓘ	180	204	198	186	188	210	206	180	225	187
Total Liabilities ⓘ	667	659	703	805	865	933	1,001	1,045	1,567	1,770
Fixed Assets
Net Fixed Assets ⓘ +	447	436	464	526	572	584	501	483	1,135	1,197
Gross Block	586	461	514	603	680	724	629	646	1,313	1,437
Accumulated Depreciation	138	24	51	76	107	140	128	163	178	240
CWIP ⓘ	24	25	21	21	20	29	28	122	29	20
Investments ⓘ	0	1	0	0	0	0	0	1	21	101
Inventories	66	63	69	104	103	139	151	130	169	168
Trade Receivables	79	94	111	117	121	123	167	138	87	186
Cash Equivalents	6	5	8	6	6	7	6	50	18	2
Others Assets ⓘ	44	34	30	30	44	51	147	122	107	96
Total Assets ⓘ	667	659	703	805	865	933	1,001	1,045	1,567	1,770

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	38	91	104	112	191	116	96	129	135	176
PBT ⓘ	4	78	97	131	161	78	95	148	138	16
Adjustment ⓘ	67	63	65	62	64	61	59	46	58	108
Changes in Working Capital ⓘ	-34	-49	-33	-50	-5	-11	-43	-35	-44	54
Tax Paid ⓘ	0	-2	-24	-30	-28	-12	-15	-30	-17	-1
Cash Flow From Investing Activity ⓘ +	-31	-14	-47	-85	-52	-48	-41	-96	-548	-175
Capex	-33	-16	-49	-87	-55	-50	-41	-100	-527	-110
Net Investments	0	0	0	0	0	0	0	0	-23	-66
Others ⓘ	2	2	2	2	3	3	0	4	2	2
Cash Flow From Financing Activity ⓘ +	-11	-78	-55	-29	-139	-67	-55	-25	405	-1
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-20	0	0	0	-56	0	-33	63	346	56
Interest Paid ⓘ	-48	-49	-41	-35	-31	-29	-22	-10	-7	-60
Dividend Paid ⓘ	0	0	-3	-1	-7	0	-2	-0	-0	-3
Others ⓘ	56	-29	-11	7	-45	-38	2	-78	66	6
Net Cash Flow ⓘ	-5	-1	3	-2	-0	2	-0	8	-8	0

Financial Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	20.93	43.77	51.19	35.6	31.94	12.78	12.05	16.95	17.98	2.3
ROCE (%)	11.29	27.67	29.14	29.56	32.01	17.05	18.1	22.29	14.23	5.68
Asset Turnover Ratio	1.39	1.65	1.8	1.77	1.68	1.27	1.67	1.73	0.99	0.99
PAT to CFO Conversion(x)	2.11	1.82	1.16	1.18	1.63	2.04	1.57	1.3	1.08	9.78
Working Capital Days
Receivable Days	32	28.90	30.50	31.20	30.90	38.80	32.80	31.50	31.80	30.10
Inventory Days	25	21.50	19.70	23.70	26.90	38.50	32.80	29.10	42.20	37.10
Payable Days	63.80	30.50	11.70	16.70	22.40	37.80	33.20	28.70	34.10	33.40

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

99.43

99.24

0.00

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

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

NR Agarwal Industries Ltd FAQs

The current trading price of NR Agarwal Inds on 04-Jun-2026 16:59 is ₹464.0.

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 NR Agarwal Inds stood at ₹789.7 Cr

The latest P/E ratio of NR Agarwal Inds as of 03-Jun-2026 is 18.07.

The latest P/B ratio of NR Agarwal Inds as of 03-Jun-2026 is 0.97.

The 52-week high of NR Agarwal Inds is ₹550.0 and the 52-week low is ₹249.1.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of NR Agarwal Inds is ₹2,145 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that NR Agarwal Industries Ltd is a good quality company.

The key valuation ratios of NR Agarwal Industries Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of NR Agarwal Industries Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About NR Agarwal Industries Ltd

NR Agarwal Industries, incorporated in 1975, is one of the largest coated duplex board and newsprint manufacturing group having its corporate office at Mumbai and four manufacturing units located at Vapi, Gujarat

It has today evolved as one of the largest manufacturing facility in its chosen area of operation. The combined manufacturing capacity of coated duplex boards today is 130,000 MT per annum and that of newsprint, 40,000 MT PA.

The company has vast resources in terms of assets, technical expertise and technology, Research and development, plants and state-of-the-art machinery, well equipped laboratories, excellent infrastructure and utilities including water, own power generation (steam), steam generation, communication, D.M. Plants, Effluent Treatment Plants, transportation etc. at all manufacturing locations. The Group has excellent marketing network including highly effective sales team, end users, distributors, storage facility and fast delivery capabilities.

NR Agarwal Industries has grown significantly during the last decade. The technical manpower of the company is rated among the best in the Industry. To achieve the objectives of exponential growth, the company has a well knit organization with clear vision, coordination and decision channels. The effective functioning of the company is aided by support services and effective administrative systems and procedures. Total manpower including technical and commercial personnel handling activities of the company is 1500.

Coated duplex boards manufactured by the company are exported across the globe to many countries including Sri Lanka, Bangladesh, Philippines, Egypt, East Africa and Gulf Countries to name a few.

The company manufactures five different qualities of newsprint depending on the specific needs of publishing houses.

Product range of the company includes:

NR Agarwal Industries Ltd manufactures two kinds of products i.e. coated duplex boards -- grey back and white back as well as newsprint at four different locations in GIDC, Vapi, Gujarat state.

Superior Quality Double Coated Duplex Board - HWC (Grey Back/White Back)
Double Coated Duplex Board - HWC(White Back)
Double Coated Duplex Board - HWC(Grey Back)
Newsprint

Achievements/ recognition:

Quality Management System based on ISO 9001:2000 standard

NR Agarwal Industries Ltd (NRAIL)

NR Agarwal Industries Ltd (NRAIL)

NR Agarwal Industries stock performance

Check Before You Invest

Quality

Valuation

Price Trend

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)

Value Creation ⓘ

Growth Parameters ⓘ

CAGR ⓘ

Key Financial Parameters ⓘ

Profit And Loss

Valuation of NR Agarwal Inds - Standalone

Price Calculator

Price Chart

Price to Earnings

Price to Sales

Price to Book

EV to EBITDA

Dividend History

Analyst's Notes

Balance Sheet

Equity and Liabilities

Fixed Assets

Cash Flow

Financial Ratio

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

NR Agarwal Industries Ltd FAQs

About NR Agarwal Industries Ltd

About MoneyWorks4Me

Our Vision

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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

NR Agarwal Industries Ltd (NRAIL)

NR Agarwal Industries Ltd (NRAIL)

NR Agarwal Industries stock performance

Check Before You Invest

Quality

Valuation

Price Trend

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)

Value Creation ⓘ

Growth Parameters ⓘ

CAGR ⓘ

Key Financial Parameters ⓘ

Profit And Loss

Valuation of NR Agarwal Inds - Standalone

Price Calculator

Price Chart

Price to Earnings

Price to Sales

Price to Book

EV to EBITDA

Dividend History

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

Balance Sheet

Equity and Liabilities

Fixed Assets

Cash Flow

Financial Ratio

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

NR Agarwal Industries Ltd FAQs

What is the share price of NR Agarwal Inds?

What is the market cap of NR Agarwal Inds?

What is the P/E ratio of NR Agarwal Inds?

What is the P/B ratio of NR Agarwal Inds?

What is the 52-week high and low of NR Agarwal Inds?

What is the TTM revenue of NR Agarwal Inds?

Is NR Agarwal Industries Ltd a good quality company?

Is NR Agarwal Industries Ltd undervalued or overvalued?

Is NR Agarwal Industries Ltd a good buy now?

About NR Agarwal Industries Ltd

About MoneyWorks4Me

Our Vision

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.