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Indian (NIFTY) Paper and Forestry Products Industry Analysis

UpdatedNov 09, 2025
DataAggregated Company Financials
Companies50
  • 7D-3.0%
  • 3M-1.9%
  • 1Y-23.5%
  • YTD-20.3%

Over the last 7 days, the Paper and Forestry Products industry has dropped 3.0%, driven by a pullback from Aditya Birla Real Estate of 5.8%. In contrast, Banganga Paper Industries has gained 13%. The industry has fallen 24% in the last year. Earnings are forecast to grow by 73% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 09 Nov 2025₹665.9b₹427.0b₹11.9b35.2x56x1.6x
Tue, 07 Oct 2025₹677.4b₹428.3b₹14.0b27.8x48.3x1.6x
Thu, 04 Sep 2025₹692.3b₹428.1b₹14.0b21.6x49.4x1.6x
Sat, 02 Aug 2025₹714.9b₹429.2b₹14.7b26.3x48.7x1.7x
Mon, 30 Jun 2025₹753.5b₹426.5b₹16.4b22.1x46x1.8x
Wed, 28 May 2025₹732.1b₹424.6b₹16.6b24.4x44.1x1.7x
Fri, 25 Apr 2025₹679.6b₹458.5b₹23.4b23x29.1x1.5x
Sun, 23 Mar 2025₹677.9b₹457.8b₹23.6b24.6x28.8x1.5x
Tue, 18 Feb 2025₹695.1b₹459.2b₹23.7b24.3x29.4x1.5x
Thu, 16 Jan 2025₹727.5b₹459.5b₹30.7b22.6x23.7x1.6x
Sat, 14 Dec 2024₹874.3b₹459.5b₹30.7b24.7x28.5x1.9x
Mon, 11 Nov 2024₹859.5b₹457.9b₹32.8b39.5x26.2x1.9x
Wed, 09 Oct 2024₹879.2b₹455.0b₹36.0b31.9x24.5x1.9x
Fri, 06 Sep 2024₹840.0b₹455.0b₹36.0b34.3x23.4x1.8x
Sun, 04 Aug 2024₹808.4b₹457.0b₹41.0b27.1x19.7x1.8x
Tue, 02 Jul 2024₹818.4b₹449.2b₹43.2b27.1x18.9x1.8x
Thu, 30 May 2024₹723.1b₹495.4b₹50.9b17.4x14.2x1.5x
Sat, 27 Apr 2024₹712.6b₹462.0b₹49.4b19.6x14.4x1.5x
Mon, 25 Mar 2024₹626.3b₹462.0b₹49.4b18.1x12.7x1.4x
Wed, 21 Feb 2024₹683.3b₹462.0b₹49.4b20.1x13.8x1.5x
Fri, 19 Jan 2024₹702.2b₹466.0b₹53.0b10.8x13.3x1.5x
Sun, 17 Dec 2023₹654.5b₹466.0b₹53.0b8.8x12.4x1.4x
Tue, 14 Nov 2023₹612.1b₹466.0b₹53.0b8.7x11.6x1.3x
Thu, 12 Oct 2023₹630.9b₹473.7b₹55.9b8.8x11.3x1.3x
Sat, 09 Sep 2023₹628.9b₹474.3b₹56.0b9.5x11.2x1.3x
Mon, 07 Aug 2023₹544.0b₹473.6b₹54.6b9.4x10x1.1x
Wed, 05 Jul 2023₹530.6b₹472.7b₹53.9b9x9.8x1.1x
Fri, 02 Jun 2023₹499.1b₹474.1b₹53.6b9.4x9.3x1.1x
Sun, 30 Apr 2023₹478.4b₹457.7b₹46.7b8.9x10.3x1x
Tue, 28 Mar 2023₹426.3b₹454.5b₹45.8b7.7x9.3x0.9x
Thu, 23 Feb 2023₹456.0b₹454.5b₹45.8b8.1x9.9x1x
Sat, 21 Jan 2023₹491.1b₹432.3b₹38.2b12.6x12.8x1.1x
Mon, 19 Dec 2022₹509.6b₹431.1b₹37.7b12.8x13.5x1.2x
Wed, 16 Nov 2022₹539.2b₹422.7b₹36.1b15x14.9x1.3x
Price to Earnings Ratio

14.9x


Total Market Cap: ₹539.2bTotal Earnings: ₹36.1bTotal Revenue: ₹422.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Paper and Forestry Products Industry Price to Earnings3Y Average 21.6x202320242025
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 56.0x which is higher than its 3-year average PE of 21.6x.
  • The industry is trading close to its 3-year average PS ratio of 1.5x.
Past Earnings Growth
  • The earnings for companies in the Forestry industry have declined 31% 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-0.97%
Materials-1.25%
Paper and Forestry Products-2.99%
Forestry Products-1.25%
Paper Products-4.01%
Industry PE
  • Investors are most optimistic about the Forestry Products industry which is trading above its 3-year average PE ratio of 44.9x.
    • Analysts are expecting annual earnings growth of 41.4%, which is higher than its past year's earnings decline of 23.1% 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 17.0x.
Forecasted Growth
  • Analysts are most optimistic on the Paper Products industry, expecting annual earnings growth of 101% 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 41% 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₹44.5012.7%
+₹598.9m
-14.9%PE210.1x
523888 V.R. Woodart₹66.018.2%
+₹74.6m
n/aPE-201.8x
523732 Ecoboard Industries₹35.337.5%
+₹71.7m
19.5%PS11.9x
538795 Shree Ajit Pulp and Paper₹257.152.9%
+₹63.8m
20.2%PE15.5x
531436 Saffron Industries₹94.2310.0%
+₹61.4m
n/aPE19.4x

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