Header cover image

Indian (NIFTY) Paper and Forestry Products Industry Analysis

UpdatedMar 14, 2026
DataAggregated Company Financials
Companies48
  • 7D-3.7%
  • 3M-16.9%
  • 1Y-10.6%
  • YTD-15.5%

Over the last 7 days, the Paper and Forestry Products industry has dropped 1.2%, driven by a pullback from Century Plyboards (India) of 6.6%. On the other hand Banganga Paper Industries is actually up 6.1%. Overall the industry is down 8.1% in 12 months. Looking forward, earnings are forecast to grow by 51% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 14 Mar 2026₹397.3b₹429.0b₹12.7b26.3x31.3x0.9x
Mon, 09 Feb 2026₹461.8b₹427.3b₹12.9b33x35.8x1.1x
Wed, 07 Jan 2026₹479.8b₹422.3b₹12.8b36.8x37.4x1.1x
Fri, 05 Dec 2025₹469.8b₹423.4b₹13.0b30.6x36.2x1.1x
Sun, 02 Nov 2025₹686.5b₹427.7b₹13.3b28.1x51.6x1.6x
Tue, 30 Sep 2025₹664.9b₹428.3b₹14.0b27.2x47.4x1.6x
Thu, 28 Aug 2025₹680.1b₹428.1b₹14.0b22x48.5x1.6x
Sat, 26 Jul 2025₹745.1b₹429.2b₹16.1b23.2x46.2x1.7x
Mon, 23 Jun 2025₹738.8b₹426.7b₹16.4b19.6x45.1x1.7x
Wed, 21 May 2025₹708.3b₹424.1b₹19.7b22.9x36x1.7x
Fri, 18 Apr 2025₹666.7b₹457.8b₹23.6b23.1x28.3x1.5x
Sun, 16 Mar 2025₹629.2b₹457.8b₹23.6b24.8x26.7x1.4x
Tue, 11 Feb 2025₹744.4b₹459.3b₹25.8b23x28.9x1.6x
Thu, 09 Jan 2025₹785.0b₹459.5b₹30.7b23.3x25.6x1.7x
Sat, 07 Dec 2024₹876.2b₹459.5b₹30.7b24.3x28.6x1.9x
Mon, 04 Nov 2024₹869.9b₹458.2b₹35.3b39.1x24.6x1.9x
Wed, 02 Oct 2024₹908.8b₹455.0b₹36.0b34x25.3x2x
Fri, 30 Aug 2024₹840.3b₹451.8b₹36.0b33.4x23.4x1.9x
Sun, 28 Jul 2024₹806.8b₹455.4b₹40.8b25.8x19.8x1.8x
Tue, 25 Jun 2024₹807.7b₹447.2b₹43.2b26.3x18.7x1.8x
Thu, 23 May 2024₹730.7b₹456.7b₹48.0b20x15.2x1.6x
Sat, 20 Apr 2024₹674.7b₹462.0b₹49.4b19.2x13.7x1.5x
Mon, 18 Mar 2024₹629.4b₹462.0b₹49.4b18.1x12.7x1.4x
Wed, 14 Feb 2024₹668.4b₹465.1b₹50.8b15.8x13.1x1.4x
Fri, 12 Jan 2024₹715.1b₹466.0b₹53.0b9.4x13.5x1.5x
Sun, 10 Dec 2023₹641.8b₹466.0b₹53.0b8.8x12.1x1.4x
Tue, 07 Nov 2023₹597.7b₹467.5b₹53.6b8.2x11.1x1.3x
Thu, 05 Oct 2023₹617.3b₹473.7b₹55.9b8.8x11x1.3x
Sat, 02 Sep 2023₹597.8b₹474.3b₹56.0b8.4x10.7x1.3x
Mon, 31 Jul 2023₹545.9b₹473.3b₹54.3b9.4x10.1x1.2x
Wed, 28 Jun 2023₹513.5b₹472.7b₹53.9b9.1x9.5x1.1x
Fri, 26 May 2023₹500.8b₹465.2b₹51.6b9.1x9.7x1.1x
Sun, 23 Apr 2023₹469.2b₹455.4b₹45.9b8.8x10.2x1x
Tue, 21 Mar 2023₹447.5b₹454.5b₹45.8b7.9x9.8x1x
Price to Earnings Ratio

9.8x


Total Market Cap: ₹447.5bTotal Earnings: ₹45.8bTotal Revenue: ₹454.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Paper and Forestry Products Industry Price to Earnings3Y Average 24.8x202420252026
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 32.1x which is higher than its 3-year average PE of 24.8x.
  • The 3-year average PS ratio of 1.5x is higher than the industry's current PS ratio of 0.95x.
Past Earnings Growth
  • The earnings for companies in the Forestry industry have declined 35% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, 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 Market-4.42%
Materials-5.01%
Paper and Forestry Products-3.67%
Paper Products-1.87%
Forestry Products-5.27%
Industry PE
  • Investors are most optimistic about the Forestry Products industry which is trading above its 3-year average PE ratio of 50.5x.
    • Analysts are expecting annual earnings growth of 50.3%, which is higher than its past year's earnings growth of 10.5% per year.
  • Investors are most pessimistic about the Paper Products industry, which is trading close to its 3-year average of 19.2x.
Forecasted Growth
  • Analysts are most optimistic on the Paper Products industry, expecting annual earnings growth of 55% over the next 5 years.
  • This is better than its past earnings decline of 12% per year.
  • In contrast, the Forestry Products industry is expected to see its earnings grow by 50% 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
512025 Banganga Paper Industries₹43.426.1%
+₹774.7m
-48.6%PE711.6x
532162 JK Paper₹335.900.5%
+₹279.5m
12.9%PE21.9x
RAMANEWS Shree Rama Newsprint₹36.762.5%
+₹129.8m
47.0%PS15x
512103 Nidhi Granites₹287.503.4%
+₹76.0m
146.0%PE47.3x
RUCHIRA Ruchira Papers₹103.830.9%
+₹26.9m
-11.2%PE5.8x

Latest News