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Indian (NIFTY) Paper and Forestry Products Industry Analysis

UpdatedSep 18, 2025
DataAggregated Company Financials
Companies50
  • 7D4.2%
  • 3M-3.7%
  • 1Y-20.1%
  • YTD-13.8%

In the last week, the Paper and Forestry Products industry is up 4.1%, with Aditya Birla Real Estate up 7.7%. Meanwhile, Banganga Paper Industries actually underperformed within the industry, shrinking 7.4% in the last week. In the past year, the industry is down 21%. Looking forward, earnings are forecast to grow by 63% annually.

Industry Valuation and Performance

Has the Indian Paper and Forestry Products Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 18 Sep 2025₹719.6b₹428.3b₹14.0b27.2x51.3x1.7x
Sat, 16 Aug 2025₹661.0b₹428.6b₹13.7b21.2x48.4x1.5x
Mon, 14 Jul 2025₹755.0b₹431.0b₹16.8b23.2x45x1.8x
Wed, 11 Jun 2025₹756.0b₹427.0b₹16.5b20.6x45.9x1.8x
Fri, 09 May 2025₹637.9b₹459.0b₹23.2b22.4x27.5x1.4x
Sun, 06 Apr 2025₹648.2b₹457.8b₹23.6b23.4x27.5x1.4x
Tue, 04 Mar 2025₹658.2b₹457.8b₹23.6b20.6x27.9x1.4x
Thu, 30 Jan 2025₹718.1b₹458.6b₹28.7b22.5x25x1.6x
Sat, 28 Dec 2024₹805.8b₹459.5b₹30.7b24.7x26.3x1.8x
Mon, 25 Nov 2024₹778.4b₹458.3b₹30.5b26.9x25.5x1.7x
Wed, 23 Oct 2024₹864.3b₹455.3b₹35.5b30.3x24.3x1.9x
Fri, 20 Sep 2024₹893.6b₹455.0b₹36.0b32.8x24.9x2x
Sun, 18 Aug 2024₹782.4b₹451.8b₹36.0b31.3x21.8x1.7x
Tue, 16 Jul 2024₹797.5b₹451.3b₹43.2b26.5x18.5x1.8x
Thu, 13 Jun 2024₹744.8b₹447.3b₹43.2b27.3x17.3x1.7x
Sat, 11 May 2024₹705.7b₹460.7b₹49.4b20.2x14.3x1.5x
Mon, 08 Apr 2024₹675.2b₹462.0b₹49.4b19.8x13.7x1.5x
Wed, 06 Mar 2024₹678.2b₹462.0b₹49.4b19.3x13.7x1.5x
Fri, 02 Feb 2024₹731.9b₹465.1b₹52.7b11.3x13.9x1.6x
Sun, 31 Dec 2023₹675.5b₹466.0b₹53.0b9.4x12.8x1.4x
Tue, 28 Nov 2023₹608.1b₹466.0b₹53.0b8.6x11.5x1.3x
Thu, 26 Oct 2023₹586.8b₹472.5b₹54.9b7.7x10.7x1.2x
Sat, 23 Sep 2023₹606.3b₹474.3b₹56.0b9.1x10.8x1.3x
Mon, 21 Aug 2023₹558.2b₹474.3b₹56.0b8x10x1.2x
Wed, 19 Jul 2023₹541.6b₹472.8b₹53.9b10.3x10x1.1x
Fri, 16 Jun 2023₹508.8b₹472.7b₹53.9b9.3x9.4x1.1x
Sun, 14 May 2023₹509.1b₹462.3b₹49.0b8.5x10.4x1.1x
Tue, 11 Apr 2023₹452.7b₹454.5b₹45.8b8.4x9.9x1x
Thu, 09 Mar 2023₹462.8b₹454.5b₹45.8b8.4x10.1x1x
Sat, 04 Feb 2023₹474.7b₹437.8b₹40.3b12.4x11.8x1.1x
Mon, 02 Jan 2023₹493.7b₹431.1b₹37.7b11.4x13.1x1.1x
Wed, 30 Nov 2022₹527.6b₹431.1b₹37.7b11.9x14x1.2x
Fri, 28 Oct 2022₹565.2b₹402.7b₹30.5b16.1x18.5x1.4x
Sun, 25 Sep 2022₹555.9b₹399.2b₹29.7b14.8x18.7x1.4x
Price to Earnings Ratio

18.7x


Total Market Cap: ₹555.9bTotal Earnings: ₹29.7bTotal Revenue: ₹399.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Paper and Forestry Products Industry Price to Earnings3Y Average 20.1x202320242025
Current Industry PE
  • Investors are optimistic on the Indian Forestry industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 51.1x which is higher than its 3-year average PE of 20.1x.
  • The 3-year average PS ratio of 1.5x is lower than the industry's current PS ratio of 1.7x.
Past Earnings Growth
  • The earnings for companies in the Forestry industry have declined 22% per year over the last three years.
  • Meanwhile revenues for these companies have grown 2.4% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Indian Materials industry?

IN Market1.75%
Materials1.70%
Paper and Forestry Products4.19%
Forestry Products5.01%
Paper Products3.70%
Industry PE
  • Investors are most optimistic about the Forestry Products industry which is trading above its 3-year average PE ratio of 42.6x.
    • Analysts are expecting annual earnings growth of 41.6%, which is higher than its past year's earnings decline of 22.8% per year.
  • Investors are most pessimistic about the Paper Products industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 15.8x.
Forecasted Growth
  • Analysts are most optimistic on the Paper Products industry, expecting annual earnings growth of 82% over the next 5 years.
  • This is better than its past earnings decline of 25% per year.
  • In contrast, the Forestry Products industry is expected to see its earnings grow by 42% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
500040 Aditya Birla Real Estate₹1.91k6.6%
+₹13.2b
-32.1%PS20.9x
RAMANEWS Shree Rama Newsprint₹34.5012.7%
+₹575.3m
68.0%PS12.1x
RUCHIRA Ruchira Papers₹168.1511.0%
+₹499.3m
26.8%PE7.2x
516030 Pakka₹167.406.2%
+₹440.5m
-47.6%PE27.4x
GREENPLY Greenply Industries₹323.451.0%
+₹380.9m
-17.0%PE46.4x

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