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Indian (NIFTY) Paper and Forestry Products Industry Analysis
UpdatedJan 17, 2026
DataAggregated Company Financials
Companies49
- 7D-1.4%
- 3M-6.1%
- 1Y-14.2%
- YTD-4.3%
Over the last 7 days, the Paper and Forestry Products industry has dropped 1.4%, driven by a pullback from Century Plyboards (India) of 2.8%. On the other hand Soma Papers & Industries is actually up 9.4%. Overall the industry is down 14% in 12 months. Looking forward, earnings are forecast to grow by 46% annually.
Industry Valuation and Performance
Has the Indian Paper and Forestry Products Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 17 Jan 2026 | ₹460.1b | ₹422.5b | ₹12.9b | 34.6x | 35.7x | 1.1x |
| Mon, 15 Dec 2025 | ₹478.6b | ₹422.3b | ₹12.8b | 38x | 37.3x | 1.1x |
| Wed, 12 Nov 2025 | ₹658.3b | ₹427.2b | ₹11.3b | 37.1x | 58.1x | 1.5x |
| Fri, 10 Oct 2025 | ₹671.5b | ₹428.3b | ₹14.0b | 27.6x | 47.9x | 1.6x |
| Sun, 07 Sep 2025 | ₹695.7b | ₹428.1b | ₹14.0b | 21.3x | 49.6x | 1.6x |
| Tue, 05 Aug 2025 | ₹720.9b | ₹429.0b | ₹14.8b | 25.5x | 48.8x | 1.7x |
| Thu, 03 Jul 2025 | ₹746.9b | ₹426.6b | ₹16.4b | 22.8x | 45.5x | 1.8x |
| Sat, 31 May 2025 | ₹722.0b | ₹424.0b | ₹16.3b | 24x | 44.4x | 1.7x |
| Mon, 28 Apr 2025 | ₹662.0b | ₹458.5b | ₹23.4b | 22.8x | 28.3x | 1.4x |
| Wed, 26 Mar 2025 | ₹667.2b | ₹457.8b | ₹23.6b | 24.8x | 28.3x | 1.5x |
| Fri, 21 Feb 2025 | ₹691.1b | ₹457.8b | ₹23.6b | 22.5x | 29.3x | 1.5x |
| Sun, 19 Jan 2025 | ₹741.1b | ₹459.2b | ₹30.1b | 22.9x | 24.6x | 1.6x |
| Tue, 17 Dec 2024 | ₹885.6b | ₹459.5b | ₹30.7b | 24.7x | 28.9x | 1.9x |
| Thu, 14 Nov 2024 | ₹791.3b | ₹458.0b | ₹32.9b | 32.5x | 24.1x | 1.7x |
| Sat, 12 Oct 2024 | ₹894.4b | ₹455.0b | ₹36.0b | 32.2x | 24.9x | 2x |
| Mon, 09 Sep 2024 | ₹838.5b | ₹455.0b | ₹36.0b | 34.1x | 23.3x | 1.8x |
| Wed, 07 Aug 2024 | ₹777.3b | ₹456.0b | ₹39.4b | 29.8x | 19.8x | 1.7x |
| Fri, 05 Jul 2024 | ₹836.4b | ₹451.3b | ₹43.2b | 27.3x | 19.4x | 1.9x |
| Sun, 02 Jun 2024 | ₹701.9b | ₹495.4b | ₹50.5b | 22.5x | 13.9x | 1.4x |
| Tue, 30 Apr 2024 | ₹713.6b | ₹461.7b | ₹48.8b | 19.6x | 14.6x | 1.5x |
| Thu, 28 Mar 2024 | ₹619.0b | ₹462.0b | ₹49.4b | 17.3x | 12.5x | 1.3x |
| Sat, 24 Feb 2024 | ₹680.7b | ₹462.0b | ₹49.4b | 19.9x | 13.8x | 1.5x |
| Mon, 22 Jan 2024 | ₹718.8b | ₹465.3b | ₹52.5b | 11.9x | 13.7x | 1.5x |
| Wed, 20 Dec 2023 | ₹678.4b | ₹466.0b | ₹53.0b | 8.9x | 12.8x | 1.5x |
| Fri, 17 Nov 2023 | ₹617.6b | ₹466.0b | ₹53.0b | 8.7x | 11.7x | 1.3x |
| Sun, 15 Oct 2023 | ₹631.5b | ₹473.7b | ₹55.9b | 8.7x | 11.3x | 1.3x |
| Tue, 12 Sep 2023 | ₹631.9b | ₹474.3b | ₹56.0b | 9.6x | 11.3x | 1.3x |
| Thu, 10 Aug 2023 | ₹543.1b | ₹473.6b | ₹54.6b | 9.4x | 9.9x | 1.1x |
| Sat, 08 Jul 2023 | ₹534.2b | ₹472.7b | ₹53.9b | 9x | 9.9x | 1.1x |
| Mon, 05 Jun 2023 | ₹499.3b | ₹473.5b | ₹53.6b | 9.4x | 9.3x | 1.1x |
| Wed, 03 May 2023 | ₹478.4b | ₹460.3b | ₹47.9b | 8.2x | 10x | 1x |
| Fri, 31 Mar 2023 | ₹434.6b | ₹454.5b | ₹45.8b | 7.6x | 9.5x | 1x |
| Sun, 26 Feb 2023 | ₹454.2b | ₹454.5b | ₹45.8b | 8.2x | 9.9x | 1x |
| Tue, 24 Jan 2023 | ₹486.2b | ₹432.3b | ₹38.2b | 12.4x | 12.7x | 1.1x |
Price to Earnings Ratio
12.7x
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 35.7x which is higher than its 3-year average PE of 23.6x.
- The 3-year average PS ratio of 1.5x is higher than the industry's current PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Forestry industry have declined 30% 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 | 0.022% | |
| Materials | 1.89% | |
| Paper and Forestry Products | -1.35% | |
| Paper Products | -0.55% | |
| Forestry Products | -2.10% | |
Industry PE
- Investors are most optimistic about the Forestry Products industry which is trading above its 3-year average PE ratio of 48.1x.
- Analysts are expecting annual earnings growth of 46.3%, which is higher than its past year's earnings growth of 6.0% 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 18.5x.
Forecasted Growth
- Analysts are most optimistic on the Forestry Products industry, expecting annual earnings growth of 46% over the next 5 years.
- This is better than its past earnings growth rate of 6.0% per year.
- In contrast, the Paper Products industry is expected to see its earnings grow by 44% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 516038 Soma Papers & Industries | ₹266.15 | 9.4% +₹2.7b | 270.9% | PE12946.4x | |
| GREENPLY Greenply Industries | ₹241.35 | 0.9% +₹256.0m | -18.4% | PE35.3x | |
| 523732 Ecoboard Industries | ₹51.30 | 21.3% +₹209.7m | 28.2% | PS11.7x | |
| MILTON Milton Industries | ₹40.25 | 14.2% +₹85.0m | 3.2% | PE50.2x | |
| RUCHIRA Ruchira Papers | ₹120.40 | 2.4% +₹83.3m | -2.0% | PE5.3x |
