About
Emami Paper Mills Limited manufactures and sells paper and paper board products in India. It offers packaging boards; and newsprint, writing, and printing papers, and kraft papers, as well as specialty papers. The company serves business-to-business customers consisting of front-line printers/converters, brands, end-use customers, Indian media houses, and retail and institutional consumers. It also exports its products. The company was incorporated in 1981 and is based in Kolkata, India.
Key Metrics
as of Sep 2026Market Cap701 Cr
P/E7.42
Div Yield2.76 %
Book Value₹81.90
52w High₹134.00
52w Low₹55.00
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 | 560.00 | 496.00 | 500.00 | 451.00 | 460.00 | 475.00 | 454.00 | 495.00 | 504.00 | 484.00 | 515.00 | 437.00 | 539.00 |
| Expenses | 477.00 | 434.00 | 440.00 | 414.00 | 422.00 | 444.00 | 424.00 | 458.00 | 460.00 | 414.00 | 434.00 | 385.00 | 504.00 |
| Operating Profit | 83.00 | 62.00 | 60.00 | 36.00 | 38.00 | 31.00 | 30.00 | 37.00 | 43.00 | 70.00 | 81.00 | 52.00 | 35.00 |
| OPM % | 15.00 | 13.00 | 12.00 | 8.00 | 8.00 | 7.00 | 7.00 | 8.00 | 9.00 | 14.00 | 16.00 | 12.00 | 6.00 |
| Other Income | 0.00 | 15.00 | -2.00 | 5.00 | 2.00 | 2.00 | 1.00 | 1.00 | 1.00 | 2.00 | 1.00 | 0.00 | 0.00 |
| Depreciation | 13.00 | 14.00 | 14.00 | 14.00 | 13.00 | 13.00 | 13.00 | 13.00 | 13.00 | 21.00 | 13.00 | 12.00 | 14.00 |
| Interest | 17.00 | 16.00 | 18.00 | 17.00 | 17.00 | 16.00 | 17.00 | 15.00 | 14.00 | 16.00 | 16.00 | 17.00 | 20.00 |
| Profit before tax | 53.00 | 47.00 | 26.00 | 10.00 | 9.00 | 4.00 | 2.00 | 10.00 | 17.00 | 35.00 | 53.00 | 22.00 | 2.00 |
| Tax % | 28.00 | 34.00 | 36.00 | 35.00 | 33.00 | 2.00 | 5.00 | 25.00 | 27.00 | 23.00 | 25.00 | 26.00 | 25.00 |
| Net Profit | 39.00 | 32.00 | 17.00 | 7.00 | 6.00 | 4.00 | 2.00 | 8.00 | 13.00 | 27.00 | 39.00 | 16.00 | 1.00 |
| EPS in Rs | 6.38 | 5.21 | 2.81 | 1.09 | 1.04 | 0.65 | 0.28 | 1.25 | 2.12 | 4.49 | 6.51 | 2.71 | 0.22 |
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 | 1,907.00 | 1,928.00 | 1,994.00 | 2,381.00 | 1,958.00 | 1,216.00 | 1,515.00 | 1,538.00 | 1,356.00 | 1,140.00 | 539.00 | 521.00 |
| Expenses | 1,711.00 | 1,786.00 | 1,758.00 | 2,159.00 | 1,644.00 | 1,038.00 | 1,307.00 | 1,300.00 | 1,195.00 | 1,012.00 | 491.00 | 470.00 |
| Operating Profit | 196.00 | 142.00 | 236.00 | 222.00 | 314.00 | 178.00 | 209.00 | 239.00 | 161.00 | 128.00 | 47.00 | 51.00 |
| OPM % | 10.00 | 7.00 | 12.00 | 9.00 | 16.00 | 15.00 | 14.00 | 16.00 | 12.00 | 11.00 | 9.00 | 10.00 |
| Other Income | 20.00 | 4.00 | 3.00 | 2.00 | -4.00 | 92.00 | -23.00 | 4.00 | 11.00 | 24.00 | 6.00 | 8.00 |
| Interest | 68.00 | 61.00 | 67.00 | 63.00 | 83.00 | 95.00 | 117.00 | 107.00 | 84.00 | 70.00 | 16.00 | 15.00 |
| Depreciation | 55.00 | 52.00 | 60.00 | 68.00 | 74.00 | 72.00 | 73.00 | 69.00 | 64.00 | 56.00 | 27.00 | 27.00 |
| Profit before tax | 93.00 | 33.00 | 112.00 | 93.00 | 153.00 | 103.00 | -5.00 | 66.00 | 24.00 | 26.00 | 11.00 | 17.00 |
| Tax % | 34.00 | 22.00 | 25.00 | 26.00 | 25.00 | 50.00 | 131.00 | 34.00 | 32.00 | 27.00 | -158.00 | 30.00 |
| Net Profit | 61.00 | 26.00 | 84.00 | 69.00 | 115.00 | 51.00 | -10.00 | 44.00 | 16.00 | 19.00 | 28.00 | 12.00 |
| EPS in Rs | 10.15 | 4.30 | 13.93 | 11.43 | 18.98 | 8.44 | -1.73 | 7.27 | 2.71 | 3.15 | 4.61 | 2.01 |
| Dividend Payout % | 32.00 | 37.00 | 11.00 | 14.00 | 8.00 | 0.00 | 0.00 | 16.00 | 44.00 | 19.00 | 13.00 | 30.00 |
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 | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 |
| Reserves | 484.00 | 499.00 | 518.00 | 443.00 | 397.00 | 284.00 | 207.00 | 246.00 | 231.00 | 222.00 | 376.00 | 359.00 |
| Borrowings | 897.00 | 936.00 | 850.00 | 1,102.00 | 1,029.00 | 1,151.00 | 1,401.00 | 1,548.00 | 1,530.00 | 1,392.00 | 1,135.00 | 897.00 |
| Other Liabilities | 430.00 | 361.00 | 334.00 | 419.00 | 340.00 | 341.00 | 298.00 | 305.00 | 191.00 | 186.00 | 134.00 | 142.00 |
| Total Liabilities | 1,822.00 | 1,808.00 | 1,714.00 | 1,976.00 | 1,779.00 | 1,788.00 | 1,918.00 | 2,111.00 | 1,964.00 | 1,812.00 | 1,658.00 | 1,409.00 |
| Fixed Assets | 1,031.00 | 1,059.00 | 1,085.00 | 1,148.00 | 1,161.00 | 1,225.00 | 1,298.00 | 1,297.00 | 1,282.00 | 1,220.00 | 1,195.00 | 448.00 |
| CWIP | 5.00 | 4.00 | 10.00 | 4.00 | 31.00 | 0.00 | 1.00 | 103.00 | 9.00 | 5.00 | 5.00 | 620.00 |
| Investments | 39.00 | 59.00 | 45.00 | 39.00 | 49.00 | 54.00 | 24.00 | 44.00 | 56.00 | 56.00 | 1.00 | 1.00 |
| Other Assets | 748.00 | 686.00 | 574.00 | 785.00 | 538.00 | 509.00 | 595.00 | 667.00 | 618.00 | 532.00 | 458.00 | 341.00 |
| Total Assets | 1,822.00 | 1,808.00 | 1,714.00 | 1,976.00 | 1,779.00 | 1,788.00 | 1,918.00 | 2,111.00 | 1,964.00 | 1,812.00 | 1,658.00 | 1,409.00 |
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 | 197.00 | 44.00 | 351.00 | 32.00 | 329.00 | 246.00 | 313.00 | 275.00 | 69.00 | -15.00 | -80.00 | 38.00 |
| Cash from Investing Activity | -26.00 | -17.00 | -10.00 | -24.00 | -34.00 | -7.00 | 31.00 | -157.00 | -124.00 | -60.00 | -102.00 | -419.00 |
| Cash from Financing Activity | -172.00 | -32.00 | -336.00 | -9.00 | -307.00 | -246.00 | -335.00 | -123.00 | 39.00 | 30.00 | 167.00 | 307.00 |
| Net Cash Flow | 0.00 | -5.00 | 5.00 | 0.00 | -12.00 | -7.00 | 10.00 | -4.00 | -16.00 | -45.00 | -14.00 | -74.00 |
| Free Cash Flow | 168.00 | 26.00 | 340.00 | 8.00 | 294.00 | 238.00 | 274.00 | 118.00 | -57.00 | -78.00 | -194.00 | -399.00 |
| CFO/OP % | 107.00 | 36.00 | 153.00 | 23.00 | 105.00 | 137.00 | 151.00 | 121.00 | 47.00 | -8.00 | -163.00 | 80.00 |
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 | 52.00 | 45.00 | 48.00 | 40.00 | 41.00 | 60.00 | 50.00 | 50.00 | 60.00 | 48.00 | 70.00 | 31.00 |
| Inventory Days | 114.00 | 103.00 | 69.00 | 91.00 | 67.00 | 108.00 | 111.00 | 133.00 | 111.00 | 117.00 | 192.00 | 136.00 |
| Days Payable | 58.00 | 42.00 | 33.00 | 46.00 | 47.00 | 88.00 | 76.00 | 75.00 | 36.00 | 42.00 | 84.00 | 83.00 |
| Cash Conversion Cycle | 109.00 | 106.00 | 84.00 | 84.00 | 61.00 | 80.00 | 86.00 | 107.00 | 135.00 | 123.00 | 178.00 | 84.00 |
| Working Capital Days | 13.00 | 4.00 | 1.00 | -10.00 | -20.00 | -77.00 | -68.00 | -56.00 | -29.00 | -38.00 | -93.00 | -53.00 |
| ROCE % | 11.00 | 7.00 | 12.00 | 10.00 | 17.00 | 8.00 | 8.00 | 10.00 | 6.00 | 6.00 | 2.00 | 2.00 |
Corporate Actions
16 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 26 Aug 2025 | 27 Aug 2025 | — | 1.60 | |
| Dividend | 21 Aug 2024 | — | — | 1.60 | |
| Dividend | 05 Sep 2023 | — | — | 1.60 | |
| Dividend | 11 Aug 2022 | — | — | 1.60 | |
| Other | 18 Aug 2021 | — | — | — | Annual General Meeting |
| Other | 11 Sep 2020 | — | — | — | Annual General Meeting |
| Dividend | 01 Aug 2019 | — | — | 1.20 | |
| Dividend | 01 Aug 2018 | — | — | 1.20 | |
| Dividend | 03 Aug 2017 | — | — | 1.20 | |
| Dividend | 01 Aug 2016 | — | — | 0.60 | |
| Dividend | 31 Jul 2015 | — | — | 0.60 | |
| Dividend | 31 Jul 2014 | — | — | 0.60 | |
| Dividend | 02 Aug 2013 | — | — | 0.60 | |
| Dividend | 07 Aug 2012 | — | — | 0.60 | |
| Dividend | 04 Aug 2011 | — | — | 0.60 | |
| Dividend | 26 Jul 2010 | — | — | 0.60 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update6 Mar from fitch
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Rating update29 Jan 2025 from fitch
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Rating update19 Feb 2024 from fitch
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Rating update31 Jan 2023 from fitch
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Rating update20 Jan 2022 from care