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10 Yrs X-Ray 
Valuation 
Analyst Note 
Qtr. Results 
Financials 
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About
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
₹679 42.35 (6.65%)
As on 25-Sep'26 16:59
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
₹679 42.35 (6.65%)
As on 25-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹1,084 Cr.
Current Price
₹679
52-Week Low / High
₹361 / 710
TTM EPS
-
TTM Sales
-
Book Value per Share
-
P/E Ratio
Industry PE
17.1
Price to Book (P/B)
Price to Sales (P/S)
EV/EBITDA
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
%
Return on Capital Employed (ROCE)
%
Return on Assets (ROA)
%
Operating Profit Margin
0%
Net Profit Margin
-%
Gross Profit Margin
0%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
29.32%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
74.29%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
-
Equity
₹17 Cr.
Face Value
₹10
All Time Low / High
₹2.00 / 710.00
Check Before You Invest
Quality
Not GoodValuation
FairCheck Valuation charts
Price Trend
Strong
Is NR Agarwal Industries Ltd a good quality company?
NR Agarwal Industries Ltd is a weak quality company, based on a inconsistent 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?
Revenue growth of NR Agarwal Industries Ltd vs industry peers?
NR Agarwal Industries Ltd revenue CAGR is %, compared to the industry median CAGR of 0%, indicating stable growth and maintaining its market share.
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.
Stock return of NR Agarwal Industries Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 16.9% 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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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.
NR Agarwal Industries Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 27.7% | 29.1% | 29.6% | 32% | 17.1% | 18.1% | 22.3% | 14.2% | 5.7% | 8.3% | - |
| Value Creation Index ⓘ | 1.0 | 1.1 | 1.1 | 1.3 | 0.2 | 0.3 | 0.6 | 0.0 | -0.6 | -0.4 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 1,044 | 1,190 | 1,318 | 1,405 | 1,146 | 1,617 | 1,766 | 1,293 | 1,659 | 2,145 | 2,340 |
| Sales YoY Gr. | - | 14% | 10.7% | 6.6% | -18.5% | 41.1% | 9.3% | -26.8% | 28.3% | 29.3% | - |
| Adj EPS ⓘ | 28 | 52 | 53.7 | 65.5 | 31.6 | 32.3 | 55.9 | 73.8 | 6.9 | 31.7 | 36.5 |
| YoY Gr. | - | 86% | 3.3% | 22% | -51.8% | 2.4% | 72.8% | 32.2% | -90.7% | 359.4% | - |
| BVPS (₹) ⓘ | 78.3 | 128.9 | 183.5 | 246.1 | 280 | 315 | 373.5 | 446.7 | 455.1 | 479.1 | 499.7 |
| Adj Net Profit ⓘ | 47.6 | 88.5 | 91.4 | 112 | 53.7 | 55 | 95.1 | 126 | 11.7 | 53.9 | 62 |
| Cash Flow from Ops. ⓘ | 90.6 | 104 | 112 | 191 | 116 | 95.6 | 129 | 135 | 176 | 94.9 | - |
| Debt/CF from Ops. ⓘ | 3.3 | 2.8 | 2.7 | 1.1 | 1.5 | 1.5 | 1 | 4.1 | 3.5 | 8.3 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 8.3% | 13.4% | 6.7% | 29.3% | ||||
| Adj EPS ⓘ | 1.4% | 0.1% | -17.3% | 359.4% | ||||
| BVPSⓘ | 22.3% | 11.3% | 8.7% | 5.3% | ||||
| Share Price | 17.6% | 16.5% | 22.1% | 71.1% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 41.9 | 50.2 | 34.4 | 30.5 | 12 | 10.9 | 16.2 | 18 | 1.5 | 6.8 | 7.5 |
| Op. Profit Mgn % ⓘ | 13.3 | 13.2 | 14.1 | 15.4 | 11.6 | 8.9 | 10.5 | 14 | 6.7 | 8.1 | 9.9 |
| Net Profit Mgn % ⓘ | 4.6 | 7.4 | 6.9 | 7.9 | 4.7 | 3.4 | 5.4 | 9.7 | 0.7 | 2.5 | 2.7 |
| Debt to Equity ⓘ | 2.3 | 1.3 | 1 | 0.5 | 0.4 | 0.3 | 0.2 | 0.7 | 0.8 | 1 | - |
| Working Cap Days ⓘ | 63 | 60 | 63 | 67 | 92 | 77 | 79 | 106 | 89 | 86 | 45 |
| Cash Conv. Cycle ⓘ | 30 | 42 | 44 | 43 | 53 | 43 | 41 | 53 | 46 | 48 | 7 |
Valuation of NR Agarwal Inds. - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 99.43 | 99.43 | 99.43 | 99.43 | 99.43 | 99.43 | 99.24 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
No data found!
No data found!
No data found!
No data found!
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NR Agarwal Industries Ltd FAQs
The current trading price of NR Agarwal Inds. on 25-Sep-2026 16:59 is ₹679.0.
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 24-Sep-2026 the market cap of NR Agarwal Inds. stood at ₹1,083.5 Cr
The latest P/E ratio of NR Agarwal Inds. as of 24-Sep-2026 is 17.44.
The latest P/B ratio of NR Agarwal Inds. as of 24-Sep-2026 is 1.27.
The 52-week high of NR Agarwal Inds. is ₹710.0 and the 52-week low is ₹360.9.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of NR Agarwal Inds. is ₹2,340 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that NR Agarwal Industries Ltd is a below average 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 Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of NR Agarwal Industries Ltd is likely to Rise 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
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