About
Andhra Paper Limited manufactures and sells paper, paperboard, and pulp in India and internationally. The company offers writing and printing, copier, and specialty paper products; and office documentation and multipurpose papers for use in home and commercial applications. Its products are used in account books, annual reports, bills, blade wrapping, book printing, brochures, calendars, cash books, challans, children books, computer forms, covers, diaries, envelopes, files/folders, foil laminates, forms, greeting cards, inkjet printing, invoices, carry bags, variable data printing, journals, labels, leaflets, lottery and laser printing, magazine covers, magazines, notebooks, novels, pamphlets, paper cups, picture posters, plotter rolls, photocopying, soap wrappers, stationery, text books, tickets, wedding cards, writing pads, pizza boxes with inner liners, and pharma inserts. The company was formerly known as International Paper APPM Limited and changed its name to Andhra Paper Limited in January 2020. Andhra Paper Limited was incorporated in 1964 and is based in Kolkata, India. Andhra Paper Limited is a subsidiary of West Coast Paper Mills Limited.
Key Metrics
as of Sep 2026Market Cap1,282 Cr
P/E46.40
Div Yield0.78 %
Book Value₹97.50
52w High₹86.90
52w Low₹57.00
Face Value₹2.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 394.00 | 527.00 | 419.00 | 362.00 | 393.00 | 407.00 | 386.00 | 432.00 | 316.00 | 364.00 | 477.00 | 482.00 | 478.00 |
| Expenses | 345.00 | 502.00 | 403.00 | 369.00 | 360.00 | 387.00 | 357.00 | 380.00 | 282.00 | 329.00 | 367.00 | 351.00 | 323.00 |
| Operating Profit | 49.00 | 25.00 | 15.00 | -7.00 | 34.00 | 20.00 | 28.00 | 52.00 | 34.00 | 35.00 | 110.00 | 131.00 | 155.00 |
| OPM % | 12.00 | 4.80 | 3.70 | -1.90 | 9.00 | 5.00 | 7.00 | 12.00 | 11.00 | 10.00 | 23.00 | 27.00 | 32.00 |
| Other Income | 22.00 | 17.00 | 29.00 | 10.00 | 27.00 | 18.00 | 15.00 | 30.00 | 25.00 | 28.00 | 24.00 | 21.00 | 22.00 |
| Depreciation | 27.00 | 27.00 | 27.00 | 27.00 | 26.00 | 25.00 | 22.00 | 21.00 | 21.00 | 17.00 | 17.00 | 17.00 | 16.00 |
| Interest | 3.00 | 4.00 | 5.00 | 4.00 | 6.00 | 7.00 | 5.00 | 4.00 | 2.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Profit before tax | 41.00 | 12.00 | 12.00 | -28.00 | 29.00 | 6.00 | 17.00 | 58.00 | 36.00 | 46.00 | 116.00 | 135.00 | 159.00 |
| Tax % | 25.00 | 34.00 | 19.00 | -27.00 | 27.00 | -27.00 | 32.00 | 28.00 | 23.00 | 16.00 | 29.00 | 25.00 | 26.00 |
| Net Profit | 30.00 | 8.00 | 10.00 | -20.00 | 21.00 | 8.00 | 12.00 | 42.00 | 28.00 | 38.00 | 82.00 | 100.00 | 119.00 |
| EPS in Rs | 1.52 | 0.39 | 0.50 | -1.02 | 1.07 | 0.39 | 0.59 | 2.10 | 1.39 | 1.93 | 4.15 | 5.04 | 5.96 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,701.00 | 1,541.00 | 1,801.00 | 2,098.00 | 1,380.00 | 887.00 | 1,270.00 | 1,427.00 | 1,264.00 | 1,172.00 | 1,124.00 | 1,163.00 |
| Expenses | 1,633.00 | 1,402.00 | 1,368.00 | 1,359.00 | 1,156.00 | 826.00 | 965.00 | 1,047.00 | 1,038.00 | 1,002.00 | 992.00 | 1,068.00 |
| Operating Profit | 68.00 | 139.00 | 432.00 | 738.00 | 224.00 | 61.00 | 304.00 | 380.00 | 226.00 | 170.00 | 131.00 | 95.00 |
| OPM % | 4.00 | 9.00 | 24.00 | 35.00 | 16.00 | 7.00 | 24.00 | 27.00 | 18.00 | 15.00 | 12.00 | 8.00 |
| Other Income | 82.00 | 84.00 | 94.00 | 33.00 | 42.00 | 11.00 | 13.00 | 7.00 | -7.00 | -22.00 | 39.00 | 12.00 |
| Interest | 18.00 | 18.00 | 4.00 | 7.00 | 5.00 | 5.00 | 5.00 | 9.00 | 26.00 | 34.00 | 40.00 | 45.00 |
| Depreciation | 107.00 | 88.00 | 66.00 | 63.00 | 72.00 | 73.00 | 76.00 | 68.00 | 66.00 | 70.00 | 73.00 | 69.00 |
| Profit before tax | 25.00 | 117.00 | 456.00 | 701.00 | 188.00 | -6.00 | 236.00 | 311.00 | 126.00 | 44.00 | 56.00 | -6.00 |
| Tax % | 27.00 | 24.00 | 25.00 | 25.00 | 26.00 | -26.00 | 10.00 | 36.00 | 34.00 | 27.00 | 35.00 | -104.00 |
| Net Profit | 19.00 | 89.00 | 340.00 | 522.00 | 140.00 | -5.00 | 213.00 | 200.00 | 83.00 | 32.00 | 37.00 | 0.00 |
| EPS in Rs | 0.94 | 4.47 | 17.08 | 26.27 | 7.03 | -0.23 | 10.70 | 10.06 | 4.18 | 1.63 | 1.85 | 0.01 |
| Dividend Payout % | 53.00 | 22.00 | 12.00 | 10.00 | 21.00 | -432.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 40.00 | 40.00 | 40.00 | 40.00 | 40.00 | 40.00 | 40.00 | 40.00 | 40.00 | 40.00 | 40.00 | 40.00 |
| Reserves | 1,900.00 | 1,901.00 | 1,853.00 | 1,542.00 | 1,054.00 | 935.00 | 936.00 | 724.00 | 524.00 | 438.00 | 411.00 | 374.00 |
| Borrowings | 232.00 | 283.00 | 115.00 | 55.00 | 59.00 | 44.00 | 9.00 | 15.00 | 208.00 | 359.00 | 477.00 | 502.00 |
| Other Liabilities | 367.00 | 381.00 | 443.00 | 367.00 | 345.00 | 313.00 | 336.00 | 407.00 | 325.00 | 317.00 | 340.00 | 330.00 |
| Total Liabilities | 2,538.00 | 2,605.00 | 2,451.00 | 2,005.00 | 1,498.00 | 1,333.00 | 1,321.00 | 1,186.00 | 1,097.00 | 1,155.00 | 1,268.00 | 1,246.00 |
| Fixed Assets | 1,000.00 | 1,024.00 | 795.00 | 577.00 | 585.00 | 619.00 | 680.00 | 707.00 | 742.00 | 798.00 | 820.00 | 833.00 |
| CWIP | 279.00 | 30.00 | 114.00 | 29.00 | 8.00 | 9.00 | 2.00 | 8.00 | 4.00 | 3.00 | 17.00 | 16.00 |
| Investments | 650.00 | 909.00 | 1,029.00 | 887.00 | 383.00 | 219.00 | 44.00 | 16.00 | 15.00 | 10.00 | 15.00 | 15.00 |
| Other Assets | 609.00 | 642.00 | 513.00 | 512.00 | 523.00 | 486.00 | 595.00 | 455.00 | 336.00 | 344.00 | 415.00 | 382.00 |
| Total Assets | 2,538.00 | 2,605.00 | 2,451.00 | 2,005.00 | 1,498.00 | 1,333.00 | 1,321.00 | 1,186.00 | 1,097.00 | 1,155.00 | 1,268.00 | 1,246.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 104.00 | -55.00 | 319.00 | 536.00 | 202.00 | 104.00 | 177.00 | 310.00 | 215.00 | 172.00 | 111.00 | 128.00 |
| Cash from Investing Activity | 2.00 | -61.00 | -334.00 | -498.00 | -181.00 | -114.00 | -167.00 | -110.00 | -31.00 | -29.00 | -38.00 | -31.00 |
| Cash from Financing Activity | -94.00 | 109.00 | 5.00 | -41.00 | -12.00 | 11.00 | -11.00 | -201.00 | -175.00 | -145.00 | -67.00 | -108.00 |
| Net Cash Flow | 12.00 | -7.00 | -10.00 | -3.00 | 9.00 | 1.00 | 0.00 | -1.00 | 9.00 | -3.00 | 6.00 | -11.00 |
| Free Cash Flow | -194.00 | -320.00 | -12.00 | 422.00 | 163.00 | 83.00 | 153.00 | 269.00 | 182.00 | 141.00 | 73.00 | 96.00 |
| CFO/OP % | 164.00 | -36.00 | 105.00 | 97.00 | 115.00 | 170.00 | 80.00 | 99.00 | 106.00 | 107.00 | 92.00 | 134.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 33.00 | 26.00 | 12.00 | 26.00 | 27.00 | 31.00 | 12.00 | 19.00 | 20.00 | 21.00 | 23.00 | 20.00 |
| Inventory Days | 87.00 | 127.00 | 102.00 | 77.00 | 80.00 | 169.00 | 216.00 | 120.00 | 113.00 | 131.00 | 151.00 | 141.00 |
| Days Payable | 53.00 | 75.00 | 98.00 | 87.00 | 89.00 | 134.00 | 125.00 | 130.00 | 97.00 | 99.00 | 110.00 | 110.00 |
| Cash Conversion Cycle | 68.00 | 78.00 | 16.00 | 16.00 | 17.00 | 66.00 | 102.00 | 8.00 | 37.00 | 54.00 | 64.00 | 52.00 |
| Working Capital Days | 36.00 | 28.00 | -5.00 | 9.00 | 32.00 | 46.00 | 43.00 | 18.00 | -26.00 | -48.00 | -19.00 | -57.00 |
| ROCE % | 0.00 | 4.00 | 25.00 | 52.00 | 18.00 | 0.00 | 27.00 | 42.00 | 21.00 | 12.00 | 7.00 | 4.00 |
Corporate Actions
23 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 04 Aug 2026 | 04 Aug 2026 | — | 0.50 | |
| Dividend | 01 Aug 2025 | 01 Aug 2025 | — | 1.00 | |
| Split | 11 Sep 2024 | 11 Sep 2024 | 10:2 | — | |
| Dividend | 05 Aug 2024 | 05 Aug 2024 | — | 10.00 | |
| Dividend | 04 Aug 2023 | 04 Aug 2023 | — | 12.50 | |
| Dividend | 04 Aug 2022 | 05 Aug 2022 | — | 7.50 | |
| Dividend | 29 Jul 2021 | 30 Jul 2021 | — | 5.00 | |
| Other | 19 Aug 2015 | — | — | — | Annual General Meeting |
| Other | 11 Aug 2014 | — | — | — | Annual General Meeting |
| Other | 19 Jul 2013 | — | — | — | Annual General Meeting |
| Other | 09 Mar 2012 | — | — | — | Annual General Meeting |
| Dividend | 29 Aug 2011 | — | — | 1.00 | |
| Dividend | 17 Jun 2010 | — | — | 1.00 | |
| Rights | 23 Feb 2010 | 24 Feb 2010 | 3:11 | — | |
| Other | 23 Feb 2010 | 24 Feb 2010 | — | — | Right Issue of Equity Shares with Warrants |
| Dividend | 14 Aug 2009 | — | — | 0.50 | |
| Dividend | 28 May 2008 | — | — | 1.00 | |
| Dividend | 13 Jul 2007 | — | — | 1.00 | |
| Dividend | 12 Jul 2006 | — | — | 2.00 | |
| Dividend | 22 Jun 2005 | — | — | 2.50 | NSE/BSE dividend mismatch: NSE=0.5; BSE=2.5 |
| Dividend | 22 Jun 2005 | — | — | 0.50 | NSE/BSE dividend mismatch: NSE=0.5; BSE=2.5 |
| Other | 22 Jun 2005 | — | — | — | Right Issue of Equity Shares |
| Dividend | 25 Jun 2001 | — | — | 3.00 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
-
Rating update21 May from fitch
-
Rating update5 Dec 2025 from care
-
Rating update4 Dec 2025 from icra
-
Rating update28 Apr 2025 from fitch
-
Rating update20 Dec 2024 from care
-
Rating update3 May 2024 from care