Reported Earnings • May 29
Full year 2026 earnings released: EPS: ₹9.34 (vs ₹3.49 in FY 2025) Full year 2026 results: EPS: ₹9.34 (up from ₹3.49 in FY 2025). Revenue: ₹19.3b (flat on FY 2025). Net income: ₹613.8m (up 191% from FY 2025). Profit margin: 3.2% (up from 1.1% in FY 2025). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Annuncio • May 28
Emami Paper Mills Limited Recommends Dividend for the Financial Year Ended 31Th March 2026 Emami Paper Mills Limited Recommend Dividend 160% @ i.e. INR 3.20/- per share on equity share of face value of INR 2/- each for the financial year ended 31th March 2026, subject to the approval of the Shareholders at the ensuing Annual
General Meeting of the Company. Annuncio • May 20
Emami Paper Mills Limited to Report Fiscal Year 2026 Results on May 28, 2026 Emami Paper Mills Limited announced that they will report fiscal year 2026 results on May 28, 2026 Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹66.40, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 26x in the Forestry industry in India. Total loss to shareholders of 40% over the past three years. Annuncio • Mar 03
Emami Paper Mills Limited Appoints Sumit Jaiswal as Company Secretary and Compliance Officer, Effective March 3, 2026 Emami Paper Mills Limited, based on the recommendation of the Nomination and Remuneration Committee, appointed Shri Sumit Jaiswal (ICSI Membership No. F9485) as the Company Secretary & Compliance Officer of the Company, a Key Managerial Personnel pursuant to Section 203 of the Companies Act, 2013 and Regulation 6(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 with effect from March 3, 2026. Shri Sumit Jaiswal has over 15 years of diversified experience across listed and unlisted corporates in sectors including textiles and apparel, rail systems, cement and allied industrial sectors. He possesses extensive expertise in corporate governance, SEBI compliance, Companies Act matters, secretarial management, and convening and conducting Board, Committee and Shareholder meetings. He is a Fellow Member of the Institute of Company Secretaries of India (ICSI) and an Associate Member of the Institute of Cost Accountants of India (ICMAI). He has also successfully completed certificate courses on FEMA from ICSI and on ESG from ICMAI. Beyond his professional credentials, he has also contributed to the profession as a Speaker at professional forums and has authored articles published in reputed professional journals. Emami Paper Mills Limited appointed Shri Sumit Jaiswal (FCS: 9485), Company Secretary & Compliance Officer of the Company as the Nodal Officer of the Company, in compliance with Rule 7(2A) of Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, with effect from March 3, 2026. Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: ₹2.47 (vs ₹0.23 in 3Q 2025) Third quarter 2026 results: EPS: ₹2.47 (up from ₹0.23 in 3Q 2025). Revenue: ₹5.01b (up 10% from 3Q 2025). Net income: ₹169.9m (up ₹152.9m from 3Q 2025). Profit margin: 3.4% (up from 0.4% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Annuncio • Feb 04
Emami Paper Mills Limited to Report Q3, 2026 Results on Feb 12, 2026 Emami Paper Mills Limited announced that they will report Q3, 2026 results on Feb 12, 2026 Reported Earnings • Nov 01
Second quarter 2026 earnings released: EPS: ₹1.02 (vs ₹1.05 in 2Q 2025) Second quarter 2026 results: EPS: ₹1.02 (down from ₹1.05 in 2Q 2025). Revenue: ₹4.56b (down 8.0% from 2Q 2025). Net income: ₹65.8m (down 13% from 2Q 2025). Profit margin: 1.4% (in line with 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Annuncio • Oct 20
Emami Paper Mills Limited to Report Q2, 2026 Results on Oct 31, 2025 Emami Paper Mills Limited announced that they will report Q2, 2026 results on Oct 31, 2025 Annuncio • Sep 05
Emami Paper Mills Limited Declares Dividend for the Financial Year 2024-25 Emami Paper Mills Limited at its AGM held on September 3, 2025, approved to declare dividend @ 80 % i.e. INR 1.60/- per Equity Share of the face value of INR 2/- each for the financial year 2024-25. New Risk • Aug 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 4.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.3x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (4.8% average weekly change). Profit margins are more than 30% lower than last year (1.0% net profit margin). Market cap is less than US$100m (₹5.88b market cap, or US$67.2m). Valuation Update With 7 Day Price Move • Aug 25
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₹117, the stock trades at a trailing P/E ratio of 36.1x. Average trailing P/E is 22x in the Forestry industry in India. Total loss to shareholders of 34% over the past three years. Upcoming Dividend • Aug 21
Upcoming dividend of ₹1.60 per share Eligible shareholders must have bought the stock before 26 August 2025. Payment date: 03 October 2025. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 1.7%. Within top quartile of Indian dividend payers (1.3%). Higher than average of industry peers (0.5%). Declared Dividend • Aug 07
Dividend of ₹1.60 announced Dividend of ₹1.60 is the same as last year. Ex-date: 26th August 2025 Payment date: 3rd October 2025 Dividend yield will be 1.7%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is well covered by both earnings (46% earnings payout ratio) and cash flows (42% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 2.0% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Jul 30
First quarter 2026 earnings released First quarter 2026 results: EPS: ₹0.84. Revenue: ₹4.61b (down 8.4% from 1Q 2025). Net income: ₹63.1m (down 51% from 1Q 2025). Profit margin: 1.4% (down from 2.5% in 1Q 2025). The decrease in margin was driven by lower revenue. Annuncio • Jul 08
Emami Paper Mills Limited to Report Q1, 2026 Results on Jul 29, 2025 Emami Paper Mills Limited announced that they will report Q1, 2026 results at 12:15 PM, Indian Standard Time on Jul 29, 2025 Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹109, the stock trades at a trailing P/E ratio of 25.3x. Average trailing P/E is 23x in the Forestry industry in India. Total loss to shareholders of 21% over the past three years. Annuncio • May 21
Emami Paper Mills Limited, Annual General Meeting, Sep 03, 2025 Emami Paper Mills Limited, Annual General Meeting, Sep 03, 2025. Reported Earnings • May 21
Full year 2025 earnings released: EPS: ₹3.49 (vs ₹13.12 in FY 2024) Full year 2025 results: EPS: ₹3.49 (down from ₹13.12 in FY 2024). Revenue: ₹19.3b (down 3.1% from FY 2024). Net income: ₹260.1m (down 67% from FY 2024). Profit margin: 1.3% (down from 4.0% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Annuncio • Apr 21
Emami Paper Mills Limited to Report Fiscal Year 2025 Results on May 20, 2025 Emami Paper Mills Limited announced that they will report fiscal year 2025 results on May 20, 2025 Annuncio • Mar 19
Emami Paper Mills Limited Announces Resignation of Surajit Banerjee, Dy. General manager -TT, Effective 31 March, 2025 Emami Paper Mills Limited announced that Mr. Surajit Banerjee, (Dy. General manager -TT) a Senior Management Personnel of the Company has tendered his resignation with effect from the closure of business hours on in order to pursue his interests/career opportunity outside the organization. Reported Earnings • Feb 14
Third quarter 2025 earnings released: EPS: ₹0.08 (vs ₹6.30 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.08 (down from ₹6.30 in 3Q 2024). Revenue: ₹4.56b (down 7.6% from 3Q 2024). Net income: ₹17.0m (down 96% from 3Q 2024). Profit margin: 0.4% (down from 8.0% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Annuncio • Feb 06
Emami Paper Mills Limited to Report Q3, 2025 Results on Feb 13, 2025 Emami Paper Mills Limited announced that they will report Q3, 2025 results at 9:15 AM, Indian Standard Time on Feb 13, 2025 Reported Earnings • Nov 09
Second quarter 2025 earnings released: EPS: ₹1.05 (vs ₹2.51 in 2Q 2024) Second quarter 2025 results: EPS: ₹1.05 (down from ₹2.51 in 2Q 2024). Revenue: ₹4.96b (up 14% from 2Q 2024). Net income: ₹75.9m (down 54% from 2Q 2024). Profit margin: 1.5% (down from 3.8% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Annuncio • Oct 18
Emami Paper Mills Limited to Report Q2, 2025 Results on Nov 07, 2024 Emami Paper Mills Limited announced that they will report Q2, 2025 results on Nov 07, 2024 Annuncio • Aug 30
Emami Paper Mills Limited Approves Dividend for Financial Year 2023-24 Emami Paper Mills Limited at its AGM held on August 28, 2024, approved to declare dividend @ 80 % i.e. INR 1.60/- per Equity Share of the face value of INR 2/- each for the financial year 2023-24. Upcoming Dividend • Aug 14
Upcoming dividend of ₹1.60 per share Eligible shareholders must have bought the stock before 21 August 2024. Payment date: 27 September 2024. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 1.2%. Within top quartile of Indian dividend payers (1.1%). Higher than average of industry peers (0.7%). Reported Earnings • Aug 06
Full year 2024 earnings released: EPS: ₹13.12 (vs ₹10.62 in FY 2023) Full year 2024 results: EPS: ₹13.12 (up from ₹10.62 in FY 2023). Revenue: ₹19.9b (down 16% from FY 2023). Net income: ₹794.0m (up 24% from FY 2023). Profit margin: 4.0% (up from 2.7% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Annuncio • Jul 17
Emami Paper Mills Limited to Report Q1, 2025 Results on Aug 09, 2024 Emami Paper Mills Limited announced that they will report Q1, 2025 results on Aug 09, 2024 Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹143, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 27x in the Forestry industry in India. Total loss to shareholders of 25% over the past three years. Annuncio • May 31
Emami Paper Mills Limited, Annual General Meeting, Aug 28, 2024 Emami Paper Mills Limited, Annual General Meeting, Aug 28, 2024. Annuncio • May 30
Emami Paper Mills Limited Recommends Dividend for the Financial Year Ended March 31, 2024 Emami Paper Mills Limited announced that at the board meeting held on May 28, 2024, the company recommend dividend of 80% i.e. INR 1.60/- per share on equity share of face value of INR 2/- each for the financial year ended March 31, 2024, subject to the approval of the Shareholders at the up coming Annual General Meeting of the Company. Reported Earnings • May 30
Full year 2024 earnings released: EPS: ₹13.12 (vs ₹10.62 in FY 2023) Full year 2024 results: EPS: ₹13.12 (up from ₹10.62 in FY 2023). Revenue: ₹20.0b (down 14% from FY 2023). Net income: ₹843.0m (up 31% from FY 2023). Profit margin: 4.2% (up from 2.8% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 13% per year. Reported Earnings • Feb 07
Third quarter 2024 earnings released: EPS: ₹6.30 (vs ₹0.22 in 3Q 2023) Third quarter 2024 results: EPS: ₹6.30 (up from ₹0.22 in 3Q 2023). Revenue: ₹4.94b (down 13% from 3Q 2023). Net income: ₹393.7m (up ₹379.6m from 3Q 2023). Profit margin: 8.0% (up from 0.2% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Annuncio • Feb 06
Emami Paper Mills Limited Approves the Appointment of Shri Soumyajit Mukherjee as Chief Marketing Officer Emami Paper Mills Limited approved the appointment of Shri Soumyajit Mukherjee as Chief Marketing Officer, senior management personnel of the Company effective from 15th February, 2024 as per the recommendation of the Nomination & Remuneration Committee and subsequent approval of the Board of Directors of the Company. Shri Soumyajit Mukherjee holds a postgraduate degree in Economics with a specialization in International Trade. With a robust skill set that includes strategic decision-making, Price Setting, product mix, Key Account Management, and moreover, Shri Mukherjee contributes valuable insights to the industry Shri Mukherjee is a Specialist in Sales and Marketing as well as Business and Product Development. He has over 24 years of experience in the Paper Industry and has been performing the role of Head of Sales & Marketing for the last 10 years. Annuncio • Jan 10
Emami Paper Mills Limited to Report Q3, 2024 Results on Feb 06, 2024 Emami Paper Mills Limited announced that they will report Q3, 2024 results on Feb 06, 2024 Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: ₹2.51 (vs ₹3.94 in 2Q 2023) Second quarter 2024 results: EPS: ₹2.51 (down from ₹3.94 in 2Q 2023). Revenue: ₹4.37b (down 29% from 2Q 2023). Net income: ₹164.0m (down 35% from 2Q 2023). Profit margin: 3.8% (down from 4.1% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 27% per year. Annuncio • Oct 18
Emami Paper Mills Limited to Report Q2, 2024 Results on Nov 01, 2023 Emami Paper Mills Limited announced that they will report Q2, 2024 results on Nov 01, 2023 Annuncio • Oct 06
Emami Paper Mills Limited Announces Resignation of Soumyajit Mukherjee as Jt. President (Sales and Marketing) Emami Paper Mills Limited announced that Shri Soumyajit Mukherjee, Jt. President (Sales and Marketing) a Senior Management Personnel of the company, vide his letter dated 23 June,2023, tendered his resignation with effect from the closure of business hours on or before 30 September, 2023 in order to pursue his interests outside the organization and has also informed that there are no other reason for his resignation except the reason mentioned in the resignation letter. The company has accepted his resignation and he ceases to be a SMP with effect from the closure of the business hours on 30 September 2023. Annuncio • Sep 15
Emami Paper Mills Limited Approves Dividend for the Financial Year 2022-23 Emami Paper Mills Limited at its AGM held on September 12, 2023 approved dividend @80% i.e. INR 1.60 per equity share of the face value of INR 2 per share for the financial year 2022-23. Upcoming Dividend • Aug 29
Upcoming dividend of ₹1.60 per share at 1.2% yield Eligible shareholders must have bought the stock before 05 September 2023. Payment date: 12 October 2023. Payout ratio is a comfortable 15% but the company is paying out more than the cash it is generating. Trailing yield: 1.2%. Lower than top quartile of Indian dividend payers (1.4%). Higher than average of industry peers (0.9%). Annuncio • Aug 11
Emami Paper Mills Limited, Annual General Meeting, Sep 12, 2023 Emami Paper Mills Limited, Annual General Meeting, Sep 12, 2023, at 11:00 Indian Standard Time. Reported Earnings • Aug 10
First quarter 2024 earnings released: EPS: ₹0.02 (vs ₹8.72 in 1Q 2023) First quarter 2024 results: EPS: ₹0.02 (down from ₹8.72 in 1Q 2023). Revenue: ₹5.19b (down 13% from 1Q 2023). Net income: ₹13.3m (down 98% from 1Q 2023). Profit margin: 0.3% (down from 9.0% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Annuncio • Jul 25
Emami Paper Mills Limited to Report Q1, 2024 Results on Aug 09, 2023 Emami Paper Mills Limited announced that they will report Q1, 2024 results on Aug 09, 2023 Reported Earnings • May 30
Full year 2023 earnings released: EPS: ₹10.62 (vs ₹18.17 in FY 2022) Full year 2023 results: EPS: ₹10.62 (down from ₹18.17 in FY 2022). Revenue: ₹23.1b (up 18% from FY 2022). Net income: ₹691.7m (down 37% from FY 2022). Profit margin: 3.0% (down from 5.6% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Annuncio • May 27
Emami Paper Mills Limited Recommends Dividend for the Financial Year Ended 31 March, 2023 Emami Paper Mills Limited recommended @ 80% i.e. INR 1.60 per share on equity share of face value of INR 2 each for the financial year ended 31 March, 2023, subject to the approval of the Shareholders at the upcoming Annual General Meeting of the Company. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹118, the stock trades at a trailing P/E ratio of 6.4x. Average trailing P/E is 8x in the Forestry industry in India. Total returns to shareholders of 120% over the past three years. Reported Earnings • Feb 15
Third quarter 2023 earnings released: EPS: ₹0.22 (vs ₹3.64 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.22 (down from ₹3.64 in 3Q 2022). Revenue: ₹5.65b (up 8.9% from 3Q 2022). Net income: ₹14.1m (down 94% from 3Q 2022). Profit margin: 0.2% (down from 4.5% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹122, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 11x in the Forestry industry in India. Total returns to shareholders of 39% over the past three years. Annuncio • Jan 19
Emami Paper Mills Limited to Report Q3, 2023 Results on Feb 13, 2023 Emami Paper Mills Limited announced that they will report Q3, 2023 results at 12:15 PM, Indian Standard Time on Feb 13, 2023 Annuncio • Nov 28
Emami Paper Mills Limited Announces CFO Changes Emami Paper Mills Limited announced that based on the recommendation of the nomination and remuneration committee and approval of the audit committee, the Board of Directors of the company at its meeting held ie. 28 November 2022, has appointed Shri Mukesh Kumar Agarwal, Assistant Vice President (Finance), as Interim Chief Financial Officer ("Interim CFO") and as Key Managerial Personnel of the Company with immediate effect i.e. from 28 November 2022, to fill up the vacancy caused by the resignation of Shri S K Khetan erstwhile Chief Financial Officer of the Company, till the Board approves the appointment of next Chief Financial Officer of the Company. The Board is in process of selecting the next Chief Financial Officer of the Company. Shri Mukesh Kumar Agarwal, aged 50 years is a qualified Chartered Accountant and Commerce graduate from St. Xavier's College Kolkata and having an experience of more than 25 years in the field of Accounts, Finance, and Taxation. Passed Chartered Accountant (CA) Final in 1st Attempt - May 1996. Passed Company Secretaryship (Inter) in the year 1997. Experience: Joined Emami Paper Mills Limited in 1997 as Executive Trainee and over a period of time has moved to the present position of Assistant Vice President (Finance). Before joining Emami Paper his last employment was with Indian Oil Corporation Limited as Internal Audit Officer. Reported Earnings • Nov 18
Second quarter 2023 earnings released: EPS: ₹3.94 (vs ₹3.58 in 2Q 2022) Second quarter 2023 results: EPS: ₹3.94 (up from ₹3.58 in 2Q 2022). Revenue: ₹6.13b (up 39% from 2Q 2022). Net income: ₹250.3m (up 9.3% from 2Q 2022). Profit margin: 4.1% (down from 5.2% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 04
Upcoming dividend of ₹1.60 per share Eligible shareholders must have bought the stock before 11 August 2022. Payment date: 18 September 2022. Payout ratio is a comfortable 8.8% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Indian dividend payers (1.7%). Higher than average of industry peers (0.7%). Annuncio • Jul 28
Emami Paper Mills Limited, Annual General Meeting, Aug 19, 2022 Emami Paper Mills Limited, Annual General Meeting, Aug 19, 2022, at 10:30 Indian Standard Time. Agenda: To receive, consider and adopt the Audited Financial Statements of the company for the financial year ended on March 31, 2022, together with the Reports of the Board of Directors and the Auditors thereon; to declare dividend for the financial year 2021-22; to appoint a Director in place of Mrs. Richa Agarwal, who retires by rotation and being eligible, offers herself for re-appointment; to appoint M/s. S K Agrawal and Co Chartered Accountants LLP, Chartered Accountants, as Statutory Auditors of the company; and to consider ratification of Cost Auditor's Remuneration for the financial year 2022-23. Reported Earnings • Jul 28
Full year 2022 earnings released: EPS: ₹18.17 (vs ₹8.44 in FY 2021) Full year 2022 results: EPS: ₹18.17 (up from ₹8.44 in FY 2021). Revenue: ₹19.6b (up 61% from FY 2021). Net income: ₹1.15b (up 125% from FY 2021). Profit margin: 5.9% (up from 4.2% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Buying Opportunity • May 25
Now 25% undervalued Over the last 90 days, the stock is up 34%. The fair value is estimated to be ₹213, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improved over the past week After last week's 18% share price gain to ₹168, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 11x in the Forestry industry in India. Total returns to shareholders of 10% over the past three years. Annuncio • May 07
Emami Paper Mills Limited to Report Fiscal Year 2022 Results on May 25, 2022 Emami Paper Mills Limited announced that they will report fiscal year 2022 results on May 25, 2022 Buying Opportunity • May 04
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be ₹204, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Additional Non-Executive & Independent Director Sumit Banerjee was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment improved over the past week After last week's 28% share price gain to ₹165, the stock trades at a trailing P/E ratio of 8x. Average trailing P/E is 10x in the Forestry industry in India. Total returns to shareholders of 3.4% over the past three years. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹119, the stock trades at a trailing P/E ratio of 5.7x. Average trailing P/E is 10x in the Forestry industry in India. Total loss to shareholders of 17% over the past three years. Buying Opportunity • Feb 07
Now 23% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be ₹201, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. The company has become profitable over the last year. Board Change • Feb 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Additional Non-Executive & Independent Director Sumit Banerjee was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 01
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹3.64 (up from ₹0.48 in 3Q 2021). Revenue: ₹5.19b (up 66% from 3Q 2021). Net income: ₹232.2m (up ₹202.9m from 3Q 2021). Profit margin: 4.5% (up from 0.9% in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 01
Second quarter 2022 earnings released: EPS ₹3.58 (vs ₹1.34 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹4.41b (up 55% from 2Q 2021). Net income: ₹229.1m (up 182% from 2Q 2021). Profit margin: 5.2% (up from 2.9% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 09
First quarter 2022 earnings released: EPS ₹5.09 (vs ₹1.20 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: ₹4.29b (up 108% from 1Q 2021). Net income: ₹319.9m (up ₹392.7m from 1Q 2021). Profit margin: 7.5% (up from net loss in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jul 30
Investor sentiment improved over the past week After last week's 15% share price gain to ₹184, the stock trades at a trailing P/E ratio of 21.9x. Average trailing P/E is 21x in the Forestry industry in India. Total loss to shareholders of 26% over the past three years. Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment improved over the past week After last week's 20% share price gain to ₹190, the stock trades at a trailing P/E ratio of 22.5x. Average trailing P/E is 17x in the Forestry industry in India. Total loss to shareholders of 5.4% over the past three years. Executive Departure • Jun 10
VP of Finance, Compliance Officer & Secretary G. Saraf has left the company On the 1st of June, G. Saraf's tenure as VP of Finance, Compliance Officer & Secretary ended. We don't have any record of a personal shareholding under Saraf's name. Saraf is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.17 years. Reported Earnings • Jun 05
Full year 2021 earnings released: EPS ₹8.43 (vs ₹1.73 loss in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: ₹12.2b (down 20% from FY 2020). Net income: ₹510.6m (up ₹615.1m from FY 2020). Profit margin: 4.2% (up from net loss in FY 2020). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Mar 16
New 90-day high: ₹117 The company is up 35% from a price of ₹86.30 on 16 December 2020. Outperformed the Indian market which is up 13% over the last 90 days. Exceeded the Forestry industry, which is up 33% over the same period. Reported Earnings • Feb 09
Third quarter 2021 earnings released: EPS ₹0.48 (vs ₹3.06 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹3.16b (down 23% from 3Q 2020). Net income: ₹29.3m (down 84% from 3Q 2020). Profit margin: 0.9% (down from 4.5% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 72% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Annuncio • Jan 26
Emami Paper Mills Limited to Report Q3, 2021 Results on Feb 08, 2021 Emami Paper Mills Limited announced that they will report Q3, 2021 results on Feb 08, 2021 Is New 90 Day High Low • Dec 15
New 90-day high: ₹89.00 The company is up 29% from its price of ₹68.85 on 16 September 2020. The Indian market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 13% over the same period. Is New 90 Day High Low • Nov 04
New 90-day low: ₹63.50 The company is down 9.0% from its price of ₹70.10 on 06 August 2020. The Indian market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Forestry industry, which is up 6.0% over the same period. Reported Earnings • Nov 03
Second quarter 2021 earnings released: EPS ₹1.34 The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: ₹2.86b (down 25% from 2Q 2020). Net income: ₹81.3m (up ₹70.4m from 2Q 2020). Profit margin: 2.8% (up from 0.3% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 63% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings. Annuncio • Oct 17
Emami Paper Mills Limited to Report Q2, 2021 Results on Oct 29, 2020 Emami Paper Mills Limited announced that they will report Q2, 2021 results on Oct 29, 2020 Is New 90 Day High Low • Oct 14
New 90-day low: ₹66.00 The company is down 11% from its price of ₹74.00 on 16 July 2020. The Indian market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Forestry industry, which is up 4.0% over the same period. Is New 90 Day High Low • Sep 22
New 90-day low: ₹67.75 The company is down 17% from its price of ₹81.85 on 24 June 2020. The Indian market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Forestry industry, which is up 5.0% over the same period.