Is Star Paper Mills Ltd (STARPAPER) a good quality company?

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

Is Star Paper Mills Ltd (STARPAPER) undervalued or overvalued?

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

What is Star Paper Mills Ltd (STARPAPER) share price return in the past 10 years?

Star Paper Mills Ltd share price has appreciated 14.4% annually (CAGR) over the past ten years.

Is Star Paper Mills Ltd (STARPAPER) a good buy now?

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

What is the share price of Star Paper Mills Ltd (STARPAPER)?

Company share prices are keep on changing according to the market conditions. The current trading price of Star Paper Mills Ltd (STARPAPER) on 17-Apr-2026 16:59:59 at 16:59 is 148.05.

What is the P/E ratio of Star Paper Mills?

The latest standalone P/E ratio of Star Paper Mills as of 17-Apr-2026 is 5.92.

What is the P/B ratio of Star Paper Mills Ltd (STARPAPER)?

The latest standalone P/B ratio of Star Paper Mills Ltd (STARPAPER) as of 17-Apr-2026 is 0.33.

What is the 52-week high and low of Star Paper Mills Ltd (STARPAPER)?

The 52-week high of Star Paper Mills Ltd (STARPAPER) is Rs. 189.55 and the 52-week low is Rs. 116.00.

Star Paper Mills Ltd (STARPAPER) Share Analysis – Quality, Valuation Zone & Price Trend & DeciZen Rating

Name: Star Paper Mills Ltd (STARPAPER)
Brand: Star Paper Mills

Star Paper Mills Ltd (STARPAPER) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Star Paper Mills Ltd (STARPAPER)

BSE: 516022 NSE: STARPAPER

Key Metrics

Market Cap

₹231 Cr.

P/E Ratio

5.92

Price to Book (P/B)

0.33

Price to Sales (P/S)

0.56

EV/EBITDA

3.71

Return on Capital Employed (ROCE)

8.18%

Current Price

₹148.1

Return on Equity (ROE)

6.20%

Return on Assets (ROA)

5.07%

Operating Profit Margin

8.4%

Net Profit Margin

9.43%

Gross Profit Margin

12.9%

Book Value per Share

₹454.7

Sales Growth (YoY)

-1.83%

Sales Growth (3 Years)

9.7%

Operating Profit Growth (1 Year)

-35.41%

Operating Profit Growth (3 Years)

4.83%

Net Profit Growth (1 Year)

-35.72%

52-Week Low / High

₹116 / 190

Net Profit Growth (3 Years)

3.93%

Dividend Yield

2.27%

Promoter Holding

44.93%

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

47.21%

Check Before You Invest

Q.1 Revenue growth of Star Paper Mills Ltd?

Star Paper Mills Ltd revenue growth is -1.8% for FY-2025 , which is below its 5 year CAGR of 5.1% , indicating slower growth.

Q.1 Promoter shareholding and pledge status of Star Paper Mills Ltd?

Promoters hold 44.93% of the Star Paper Mills Ltd, with 47.21% of their stake pledged, indicating high pledge risk.

Q.1 Revenue growth of Star Paper Mills Ltd vs industry peers?

Star Paper Mills Ltd revenue CAGR is 5.06% , compared to the industry median CAGR of 5.29% , indicating slower growth and losing its market share.

Q.1 Which industry/sub-sector does Star Paper Mills Ltd belong to?

Star Paper Mills Ltd belongs to the Paper & Stationary sector, operating specifically within the Paper & Paper Products segment.

Q.1 Stock return of Star Paper Mills Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of 14.2% based on the current price.

DeciZen - make an informed investing decision on Star Paper Mills

Based on:

Data

Overall Rating ⓘ
Login to view analysis. M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

3. Price Trend

Star Paper Mills stock performance

Key Ratios

Is Star Paper Mills Ltd an attractive stock to invest in?

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	35.6%	32.2%	19.2%	12.1%	10.5%	5.1%	8.6%	14.9%	13.2%	8.2%	-
Value Creation Index ⓘ	1.5	1.3	0.4	-0.1	-0.3	-0.6	-0.4	0.1	-0.1	-0.4	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	272	324	347	378	341	233	331	493	444	436	411
Sales YoY Gr.	-	19%	6.9%	9%	-9.7%	-31.6%	41.6%	49.1%	-9.8%	-1.8%	-
Adj EPS ⓘ	10.6	38.4	33.2	33.5	22.8	11.1	23.4	47.1	39.5	24.5	25
YoY Gr.	-	263.7%	-13.5%	0.9%	-32.1%	-51.3%	111.4%	100.9%	-16.1%	-37.9%	-
BVPS (₹) ⓘ	40.7	226.1	260.1	291.7	312.8	321.6	342.7	380.8	414.7	436.2	454.7
Adj Net Profit ⓘ	16.5	60	51.9	52.4	35.5	17.3	36.6	73.5	61.7	38.3	39
Cash Flow from Ops. ⓘ	12.1	38.9	35.5	30.8	17.5	28.5	18.7	46.8	25.8	14.8	-
Debt/CF from Ops. ⓘ	0.6	0.1	0	0.1	0	0	0	0	0	0.1	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	5.4%	5.1%	9.7%	-1.8%
Adj EPS ⓘ	9.8%	1.5%	1.5%	-37.9%
BVPSⓘ	30.2%	6.9%	8.4%	5.2%
Share Price	14.4%	5.5%	-3.4%	-14.8%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	29.8	28.8	13.7	12.2	7.5	3.5	7.1	13	9.9	5.8	5.6
Op. Profit Mgn % ⓘ	9.8	21.9	20.9	13.1	14.1	9.1	9.7	16.3	12.8	8.5	5.9
Net Profit Mgn % ⓘ	6.1	18.5	15	13.9	10.4	7.4	11.1	14.9	13.9	8.8	9.5
Debt to Equity ⓘ	0.1	0	0	0	0	0	0	0	0	0	-
Working Cap Days ⓘ	71	57	63	65	88	143	103	79	102	124	157
Cash Conv. Cycle ⓘ	-66	-41	-13	2	19	49	45	37	59	79	134

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	25	6.7
TTM Sales (₹ Cr.)	411	240
BVPS (₹) ⓘ	454.7	0
Reserves (₹ Cr.) ⓘ	694	100
P/BV ⓘ	0.33	0.00
PE ⓘ	5.92	22.14

From the Market
52 Week Low / High (₹)	116.00 / 189.55
All Time Low / High (₹)	3.10 / 318.20
Market Cap (₹ Cr.)	231
Equity (₹ Cr.)	15.6
Face Value (₹)	10
Industry PE ⓘ	20.8

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

47.21

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

Valuation of Star Paper Mills - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

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	272	324	347	378	341	233	331	493	444	436
Operating Expenses ⓘ +	246	253	274	328	293	212	299	413	387	399
Manufacturing Costs	114	124	145	180	148	97	149	221	176	151
Material Costs	79	77	76	92	94	70	100	134	143	178
Employee Cost	26	29	28	28	28	23	25	27	30	31
Other Costs ⓘ	27	24	25	28	23	23	25	31	38	39
Operating Profit ⓘ	27	71	72	49	48	21	32	80	57	37
Operating Profit Margin (%)	9.8%	21.9%	20.9%	13.0%	14.1%	9.1%	9.7%	16.2%	12.8%	8.4%
Other Income ⓘ +	1	2	5	7	7	9	18	22	32	24
Exceptional Items ⓘ	0	0	0	0	0	0	0	-12	-2	0
Interest ⓘ	3	1	1	1	1	1	0	1	1	1
Depreciation ⓘ	4	4	4	4	5	5	5	5	5	6
Profit Before Tax ⓘ	21	68	72	52	49	25	44	83	81	53
Tax ⓘ	4	7	18	-2	12	7	8	18	17	12
Profit After Tax	17	60	54	53	37	18	37	66	64	41
PAT Margin (%)	6.1%	18.6%	15.7%	14.1%	10.9%	7.5%	11.1%	13.3%	14.4%	9.4%
Adjusted EPS (₹)	10.6	38.7	34.8	34.1	23.9	11.2	23.5	42.1	41.0	26.4
Dividend Payout Ratio (%)	0%	5%	7%	7%	10%	22%	15%	12%	10%	13%

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 +	64	353	406	455	488	502	535	594	647	681
Share Capital ⓘ	16	16	16	16	16	16	16	16	16	16
Reserves ⓘ	48	337	390	440	473	486	519	579	632	665
Debt +	7	4	2	1	0	0	0	0	0	0
Long Term Debt	0	0	0	0	0	0	0	0	0	0
Short Term Debt	7	4	2	1	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	62	43	42	39	44	29	29	30	24	21
Others Liabilities ⓘ	44	114	113	96	98	119	108	104	118	131
Total Liabilities ⓘ	176	514	562	592	630	650	672	728	790	833
Fixed Assets
Net Fixed Assets ⓘ +	85	404	405	410	412	415	415	414	425	424
Gross Block	260	408	413	422	429	437	441	446	463	467
Accumulated Depreciation	175	4	8	11	17	22	27	32	37	44
CWIP ⓘ	1	2	7	4	7	6	3	3	3	2
Investments ⓘ	32	46	78	81	89	94	113	47	194	203
Inventories	27	33	44	49	80	76	75	96	115	135
Trade Receivables	10	7	8	7	4	0	6	3	4	6
Cash Equivalents	5	6	4	24	23	41	39	144	25	30
Others Assets ⓘ	15	16	15	16	15	17	21	23	23	33
Total Assets ⓘ	176	514	562	592	630	650	672	728	790	833

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 ⓘ +	12	39	35	31	17	29	19	47	26	15
PBT ⓘ	21	68	72	52	49	25	44	83	81	53
Adjustment ⓘ	11	1	-7	3	-1	-0	1	-8	-16	-9
Changes in Working Capital ⓘ	-19	-17	-16	-13	-22	10	-17	-8	-17	-18
Tax Paid ⓘ	-1	-13	-14	-11	-9	-6	-10	-20	-22	-11
Cash Flow From Investing Activity ⓘ +	-3	-35	-31	-28	-4	-25	-13	-41	-9	4
Capex	-4	-4	-4	-6	-9	-6	-2	-5	-6	125
Net Investments	-0	-32	-26	-2	4	-20	-13	-38	-14	-121
Others ⓘ	1	1	0	-20	1	1	1	2	11	1
Cash Flow From Financing Activity ⓘ +	-10	-3	-7	-5	-8	-5	-5	-7	-9	-8
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-3	-1	-1	-1	-1	-1	-0	-1	-1	-1
Dividend Paid ⓘ	0	0	-4	-5	-5	-4	-4	-5	-8	-6
Others ⓘ	-7	-2	-3	-0	-2	-1	-1	-1	-1	-1
Net Cash Flow ⓘ	-1	1	-2	-2	5	-2	0	-1	7	12

Finance Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	29.83	28.99	14.3	12.35	7.9	3.54	7.07	11.63	10.31	6.2
ROCE (%)	35.58	32.23	19.16	12.08	10.54	5.14	8.62	14.86	13.16	8.18
Asset Turnover Ratio	1.6	1	0.65	0.68	0.58	0.38	0.53	0.74	0.62	0.57
PAT to CFO Conversion(x)	0.71	0.65	0.65	0.58	0.46	1.61	0.51	0.71	0.41	0.37
Working Capital Days
Receivable Days	11	9	7	7	6	3	3	3	2	4
Inventory Days	32	32	40	43	66	115	79	61	81	98
Payable Days	305	249	203	160	161	191	107	81	69	47

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Star Paper Mills Ltd FAQs

The current trading price of Star Paper Mills on 17-Apr-2026 16:59 is ₹148.1.

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 16-Apr-2026 the market cap of Star Paper Mills stood at ₹231.1 Cr

The latest P/E ratio of Star Paper Mills as of 16-Apr-2026 is 5.92.

The latest P/B ratio of Star Paper Mills as of 16-Apr-2026 is 0.33.

The 52-week high of Star Paper Mills is ₹189.6 and the 52-week low is ₹116.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Star Paper Mills is ₹411 ( Cr.) .

About Star Paper Mills Ltd

Star Paper Mills is an integrated Pulp and Paper Mill. It produces a wide range of Industrial, Packaging and Cultural Papers catering to almost all segments of the Consumers. It has a distribution network throughout the country. The company is a part of Duncan Goenka Group. It caters to different segments and meets varied requirements of the customers. It has in-house R&D Unit recognised by Ministry of Science & Technology - Govt. of India. It is an ISO 9001:2000 & ISO 14001:2004 certified company.

Business area of the company

The company is engaged in the manufacturing and supply of Paper and Paper Board as its core business. It produces a wide range of Industrial Packaging and cultural paper catering to all segment of the consumers.

Products of the company

Cultural Papers
Industrial Papers
Other Grades

Awards and recognitions

2021-22: Gold/Excellence and Par Excellence Awards in Regional/National and International Quality Circle Conventions respectively.
2021-22: Award for outstanding achievement in ensuring Environmental sustainability in 8th CSR Awards by Greentech Foundation, New Delhi.
2022-23: Par Excellence and Gold Awards in 36th National and 47th International Quality Circle Conventions respectively.
2022-23: Gold Award in ‘Integrated quality concepts-the gateway to global leadership’ by Quality Circle Forum of India, Kanpur Lucknow Chapter.
2022-23: Award for outstanding achievement in ensuring Environment Protection in 22nd Annual Greentech Environment Awards, 2022 organised by Greentech Foundation, Delhi.
2023-24: Par Excellence and Gold Awards in 37th National and 48th International Quality Circle Conventions respectively organized by Quality Circle Forum of India, Hyderabad.
2023-24: Platinum Award in Apex India Green Leaf Award 2023 for water stewardship by Apex India Foundation.
2023-24: Award for outstanding achievement in ensuring Environment Excellence in 23rd Annual Greentech Environment Awards, 2023 organized by Greentech Foundation.
2024-25: Excellent/Par Excellence Awards in 38th National Quality Circle Conventions held at Gwalior organized by Quality Circle Forum of India, Hyderabad.
2024-25: Gold Awards in 49th International Quality Circle Convention held in Sri Lanka organized by Sri Lanka Association for Advancement of Quality & Productivity (SLAAQP).
2024-25: Gold Awards in Chapter Convention on Quality Concepts held at Varanasi organized by Quality Circle Forum of India, Hyderabad.
2024-25: Platinum Award under Apex India Green Leaf Award 2024 for water stewardship by Apex India Foundation.
2024-25: Award for outstanding achievement in ensuring Environment Protection in 24th Global Greentech Environment & Sustainability Awards, 2025 by Greentech Foundation, New Delhi.

To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now

Build a Stress-Tested Portfolio.

Our Sapphire Advisory uses the ABC Concept to ensure you never have to panic during a market correction.

Core Stocks

STABILITY

Booster Stocks

GROWTH

Amplifier Stocks

ASYMMETRY

● Conflict-Free ● SEBI Registered ● 15Y+ Track Record

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.

Star Paper Mills Ltd (STARPAPER) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Star Paper Mills Share Price