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Ruchira Papers Ltd (RUCHIRA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532785 NSE: RUCHIRA Paper & Paper Products | Small Cap | Ruchira Papers Share Price

₹110.55 -0.55 (-0.50%)

As on 02-Jul'26 16:59

Ruchira Papers Ltd (RUCHIRA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532785 NSE: RUCHIRA Paper & Paper Products | Small Cap | Ruchira Papers Share Price

₹110.55 -0.55 (-0.50%)

As on 02-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹330 Cr.
Current Price
₹110.6
52-Week Low / High
₹96 / 173
TTM EPS
₹14.8
TTM Sales
₹649 Cr.
Book Value per Share
₹165.9
P/E Ratio
7.47
Higher than its 5-year historical median
Industry PE
16.7
Price to Book (P/B)
0.67
Lower than its 5-year historical median
Price to Sales (P/S)
0.51
In line with its 5-year historical median
EV/EBITDA
5.98
Higher than its 5-year historical median
Dividend Yield
4.52%
Profitability Efficiency
Return on Equity (ROE)
15.29%
Outperforms industry median
Return on Capital Employed (ROCE)
18.71%
Outperforms industry median
Return on Assets (ROA)
11.82%
Operating Profit Margin
16.2%
Net Profit Margin
10.21%
Gross Profit Margin
16.2%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
0.25%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
30.99%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
36.88%
Asset Quality
Promoter Holding
68.67%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹465 Cr.
Equity
₹29.8 Cr.
Face Value
₹10
All Time Low / High
₹3.64 / 199.82

Ruchira Papers stock performance

Key Ratios
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Check Before You Invest

Valuation

Somewhat Undervalued

Price Trend

Semi Strong
Q.1 Is Ruchira Papers Ltd a good quality company?
Ruchira Papers 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 Ruchira Papers Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Ruchira Papers Ltd vs industry peers?
Ruchira Papers Ltd revenue CAGR is 6.51%, compared to the industry median CAGR of 5.29%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Ruchira Papers Ltd?
Promoters hold 68.67% of the Ruchira Papers Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Ruchira Papers Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 8% 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

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.
Ruchira Papers Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 21.2%26.1%26.3%23.6%9.8%3.5%14%24%15.8%18.7%-
Value Creation
Index
0.50.90.90.7-0.3-0.800.70.10.3-

Growth Parameters

Sales 363417448494481415613803658659649
Sales YoY Gr.-15%7.3%10.4%-2.6%-13.6%47.5%31%-18.1%0.3%-
Adj EPS 7.913.215.415.210.21.911.922.716.522.614.8
YoY Gr.-67.1%16.9%-1.4%-32.6%-81.8%538.7%90.7%-27.2%36.9%-
BVPS (₹) 48.961.97591.699.2101.3110.6127.5138.8156.2165.9
Adj Net
Profit
19.432.53840.527.353367.649.267.344
Cash Flow from Ops. 40.43347.123.538.2343561.940.891.9-
Debt/CF from Ops. 1.82.11.93.21.82.21.90.71.10.9-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 6.9%6.5%2.5%0.3%
Adj EPS 12.4%17.1%23.8%36.9%
BVPS13.8%9.5%12.2%12.5%
Share Price 5.3% 6.3% -0.9% -21.2%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
17.223.822.118.610.71.911.419.612.415.39.2
Op. Profit
Mgn %
13.115.316.616.69.25.910.413.612.416.312.5
Net Profit
Mgn %
5.47.88.58.25.71.25.48.47.510.26.8
Debt to
Equity
0.60.50.50.30.30.30.20.10.10.20.2
Working Cap
Days
9391104116127135988911613554
Cash Conv.
Cycle
55576981941047565879123

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales363417448494481415613803658659
Operating Expenses + 315353373412437391549694576552
Manufacturing Costs137148159184173145212256222209
Material Costs141165166175210197285380289274
Employee Cost 26303336393537394346
Other Costs 10111516151515182223
Operating Profit 4764748244256410982107
Operating Profit Margin (%) 13.1%15.3%16.6%16.6%9.2%5.9%10.4%13.6%12.4%16.2%
Other Income + 1142211234
Exceptional Items 0-00-0000000
Interest 7888766544
Depreciation 10111213141414151517
Profit Before Tax 3246586225645916690
Tax 12142022-2111231723
Profit After Tax 1932384027533684967
PAT Margin (%) 5.4%7.8%8.5%8.1%5.7%1.2%5.4%8.4%7.5%10.2%
Adjusted EPS (₹)7.913.215.415.110.31.911.922.716.522.6
Dividend Payout Ratio (%)17.30%15.50%13.30%13.60%0%48.60%15.20%22.10%30.30%22.20%

Valuation of Ruchira Papers - 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 + 121153185244265270307380414466
Share Capital 22222224242425303030
Reserves 98130162220240246281351384436
Debt +58617661596456354383
Long Term Debt23232713615101527
Short Term Debt34374947534946353856
Minority Interest0000000000
Trade Payables1519191818212516136
Others Liabilities 74729088605973775557
Total Liabilities 267305369411401414460509526613

Fixed Assets

Net Fixed Assets +173178228231234235251296310302
Gross Block274290351365381395424484512521
Accumulated Depreciation101112123134147160173188202219
CWIP 0333530274330
Investments 0000000000
Inventories415568847773948810095
Trade Receivables34444863636569837980
Cash Equivalents 2211211101
Others Assets 182221292011193734104
Total Assets 267305369411401414460509526613

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 40334723383435624192
PBT 3246586225645916690
Adjustment 15161819181919181516
Changes in Working Capital 2-18-16-3659-21-23-231
Tax Paid -8-11-13-22-10-0-7-24-17-16
Cash Flow From Investing Activity + -32-19-59-15-18-38-26-36-26-114
Capex -33-20-61-17-19-39-27-38-28-36
Net Investments 0000000000
Others 112111123-77
Cash Flow From Financing Activity + -9-1411-8-203-9-26-1623
Net Proceeds from Shares 00019009900
Net Proceeds from Borrowing 4-67-12-1313-7-13-123
Interest Paid -7-7-7-8-6-6-6-5-3-4
Dividend Paid -3-3-5-5-50-2-5-15-15
Others -3217-35-4-3-11318
Net Cash Flow -00-000-1-00-01

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)17.2323.7722.5218.7510.761.8711.4819.6912.3815.29
ROCE (%)21.1626.0926.2823.569.833.5314.0223.9715.818.71
Asset Turnover Ratio1.441.51.341.271.191.021.411.661.281.17
PAT to CFO Conversion(x)2.111.031.240.581.416.81.060.910.841.37
Working Capital Days
Receivable Days33.7033.3036.9040.8047.805639.8034.6044.7043.60
Inventory Days42.70415056.206165.8049.6041.1051.7053.50
Payable Days47.9038.2041.9038.7031.6036.5029.7019.9018.8013

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

Ruchira Papers Ltd FAQs

The current trading price of Ruchira Papers on 02-Jul-2026 16:59 is ₹110.5.

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 01-Jul-2026 the market cap of Ruchira Papers stood at ₹329.9 Cr

The latest P/E ratio of Ruchira Papers as of 01-Jul-2026 is 7.47.

The latest P/B ratio of Ruchira Papers as of 01-Jul-2026 is 0.67.

The 52-week high of Ruchira Papers is ₹173.0 and the 52-week low is ₹95.50.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ruchira Papers is ₹649 ( Cr.) .

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

The key valuation ratios of Ruchira Papers 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 Ruchira Papers Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Ruchira Papers Ltd

Ruchira Papers was incorporated as a Limited Company under the Companies Act, 1956 with the Registrar of Companies, Punjab. H.P and Chandigarh at Jalandhar (Punjab) on December 8, 1980.

The company manufactures and markets kraft paper as well as writing and printing paper. The company has established a nationwide presence, extensive distribution network, and a leadership position across India, where the majority of its products are sold. The company's writing and printing paper is widely used in notebooks, stationery, wedding cards, shade cards, coloring books, bill books, textured paper, and drawing paper. Ruchira Papers expanded its presence in this segment by introducing two new products: Leher, a specialised paper for manufacturing disposable cups for hot and cold beverages, and Mogra, a premium paper variety designed for wedding cards.

The company's copier paper has gained strong acceptance among commercial offices and copying service providers. Meanwhile, its kraft paper remains a preferred choice in the packaging industry, widely used in the production of corrugated boxes, composite cans, fibre drums, textile cones, ream wrappers, and other packaging applications. The company's writing and printing paper products are manufactured using eco-friendly raw materials, including wheat straw, bagasse, sarkanda, and various fillers. The company uses FSC-certified imported wood pulp, as required, to ensure the quality of its finished goods. In the production of kraft paper, Ruchira Papers utilises a range of sustainable resources, such as bagasse, wheat straw, sarkanda, and waste paper, which are sourced from domestic and international supplies to achieve the desired characteristics of finished products.

The company achieved distinguished certifications, validating its commitment to process and product excellence. The company has been accredited with IS 14490:2018 by the Bureau of Indian Standards for its plain copier paper, as well as ISO 9001:2015 and FSC certifications, demonstrating its adherence to rigorous quality and sustainability standards.

Business area of the company

The company is engaged in the manufacturing of Kraft Paper and Writing & Printing Paper. The company's writing and printing paper is widely used in notebooks, stationery, wedding cards, shade cards, coloring books, bill books, textured paper, and drawing paper. Meanwhile, its kraft paper remains a preferred choice in the packaging industry, widely used in the production of corrugated boxes, composite cans, fibre drums, textile cones, ream wrappers, and other packaging applications.

Products of the company

  • Kraft paper 
  • Writing and printing paper

Awards and recognitions

  • 2005: Udyog Ratna Award by Himachal Pradesh in 2005.
  • 2009: Appreciation award from Himachal Pradesh Corrugated Box Manufactures Association in 2009.
  • 2013: Certificate of Excellence from INC 500 in 2013.
  • 2019: Nepal Stationary and Education Materials Industries Association. 

History and milestones

  • 1979-80: Commenced operations in the paper manufacturing business.
  • 1982-83: Began commercial production of kraft paper with 7 TPD capacity.
  • 1992-94: Installed PM 2 for kraft paper production.
  • 2005-06: Recorded turnover of over Rs 50 crore.
  • 2006-07: The company launched its initial public offering worth Rs 2,850 lakh and was listed on the NSE and BSE.
  • 2007-08: Entered the writing and printing paper segments.
  • 2009-10: Recorded a turnover of over Rs 200 crore.
  • 2012-13: Achieved Rs 300 crore in annual turnover.
  • 2015-16: Awarded FSC certification by Rainforest Alliance for Responsible Forestry Practices.
  • 2016-17: Achieved Rs 400 crore in annual turnover.
  • 2019-20: Undertook a Rs 44 crore modernisation and upgradation initiative in the writing and printing paper segment. Introduced new product white copier paper to expand offerings.
  • 2020-21: Awarded IS 14490:2018/2024 Certification by Bureau of Indian Standards for plain copier paper.
  • 2021-22: Commenced the production of new paper grades for cup stock and wedding cards, catering to diverse market needs. 
  • 2021-22: Crossed Rs 600 crore in annual turnover.
  • 2021-22: Upgraded the effluent treatment plant with an investment of Rs 20.82 crore.
  • 2024-25: The company maintained a dividend of Rs 5 per share, rewarding shareholders and achieving its second-highest performance in terms of revenue and profitability.
  • 2024-25: The company achieved the highest sales quantity of 1,51,785 TPA.

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