Analysis Article • May 02
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Indian (NIFTY) Paper Products Industry Analysis
UpdatedMay 16, 2026
DataAggregated Company Financials
Companies34
- 7D-4.8%
- 3M-0.7%
- 1Y-14.1%
- YTDn/a
Over the last 7 days, the Paper Products industry has dropped 4.8%, driven by a pullback from West Coast Paper Mills of 11%. Overall the industry is down 14% in 12 months. As for the next few years, earnings are expected to grow by 55% per annum.
Industry Valuation and Performance
Has the Indian Paper Products Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 16 May 2026 | ₹209.4b | ₹317.7b | ₹11.6b | 16.9x | 18.1x | 0.7x |
| Mon, 13 Apr 2026 | ₹207.4b | ₹316.7b | ₹9.3b | 19.2x | 22.2x | 0.7x |
| Wed, 11 Mar 2026 | ₹193.0b | ₹316.7b | ₹9.3b | 18.4x | 20.7x | 0.6x |
| Fri, 06 Feb 2026 | ₹215.6b | ₹313.7b | ₹10.1b | 18.6x | 21.3x | 0.7x |
| Sun, 04 Jan 2026 | ₹225.8b | ₹313.7b | ₹9.6b | 18.8x | 23.6x | 0.7x |
| Tue, 02 Dec 2025 | ₹403.2b | ₹322.2b | ₹6.9b | 19.2x | 58.5x | 1.3x |
| Thu, 30 Oct 2025 | ₹427.6b | ₹322.4b | ₹9.9b | 18.9x | 43.2x | 1.3x |
| Sat, 27 Sep 2025 | ₹414.4b | ₹322.6b | ₹10.6b | 18x | 39.3x | 1.3x |
| Mon, 25 Aug 2025 | ₹421.4b | ₹322.1b | ₹10.7b | 16.9x | 39.4x | 1.3x |
| Wed, 23 Jul 2025 | ₹503.1b | ₹326.7b | ₹12.9b | 17.7x | 39.1x | 1.5x |
| Fri, 20 Jun 2025 | ₹488.3b | ₹322.7b | ₹12.7b | 17.4x | 38.4x | 1.5x |
| Sun, 18 May 2025 | ₹464.5b | ₹322.3b | ₹15.6b | 16.4x | 29.8x | 1.4x |
| Tue, 15 Apr 2025 | ₹405.2b | ₹356.0b | ₹19.4b | 12.2x | 20.9x | 1.1x |
| Thu, 13 Mar 2025 | ₹399.8b | ₹356.0b | ₹19.4b | 12.5x | 20.6x | 1.1x |
| Sat, 08 Feb 2025 | ₹475.4b | ₹357.8b | ₹21.5b | 14.1x | 22.1x | 1.3x |
| Mon, 06 Jan 2025 | ₹529.0b | ₹360.4b | ₹26.1b | 14.1x | 20.3x | 1.5x |
| Wed, 04 Dec 2024 | ₹593.5b | ₹360.4b | ₹26.1b | 14.2x | 22.7x | 1.6x |
| Fri, 01 Nov 2024 | ₹562.3b | ₹362.3b | ₹30.3b | 12.2x | 18.6x | 1.6x |
| Sun, 29 Sep 2024 | ₹582.5b | ₹359.0b | ₹30.4b | 14.5x | 19.1x | 1.6x |
| Tue, 27 Aug 2024 | ₹552.8b | ₹355.7b | ₹30.4b | 12.1x | 18.2x | 1.6x |
| Thu, 25 Jul 2024 | ₹562.0b | ₹361.1b | ₹36.7b | 12.4x | 15.3x | 1.6x |
| Sat, 22 Jun 2024 | ₹541.9b | ₹356.5b | ₹37.4b | 11x | 14.5x | 1.5x |
| Mon, 20 May 2024 | ₹506.8b | ₹370.2b | ₹42.3b | 10.8x | 12x | 1.4x |
| Wed, 17 Apr 2024 | ₹441.4b | ₹372.9b | ₹43.2b | 8.9x | 10.2x | 1.2x |
| Fri, 15 Mar 2024 | ₹403.8b | ₹372.9b | ₹43.2b | 8.1x | 9.3x | 1.1x |
| Sun, 11 Feb 2024 | ₹433.2b | ₹377.1b | ₹44.9b | 6.5x | 9.6x | 1.1x |
| Tue, 09 Jan 2024 | ₹439.4b | ₹379.3b | ₹46.5b | 6.4x | 9.4x | 1.2x |
| Thu, 07 Dec 2023 | ₹414.4b | ₹379.3b | ₹46.5b | 6.2x | 8.9x | 1.1x |
| Sat, 04 Nov 2023 | ₹385.4b | ₹385.4b | ₹47.8b | 5.8x | 8.1x | 1x |
| Mon, 02 Oct 2023 | ₹396.8b | ₹388.6b | ₹49.1b | 5.7x | 8.1x | 1x |
| Wed, 30 Aug 2023 | ₹361.4b | ₹388.5b | ₹49.1b | 5.6x | 7.4x | 0.9x |
| Fri, 28 Jul 2023 | ₹324.2b | ₹387.5b | ₹47.4b | 5.6x | 6.8x | 0.8x |
| Sun, 25 Jun 2023 | ₹300.6b | ₹386.3b | ₹46.3b | 5.7x | 6.5x | 0.8x |
| Tue, 23 May 2023 | ₹314.6b | ₹379.0b | ₹43.7b | 5.8x | 7.2x | 0.8x |
Price to Earnings Ratio
7.2x
Current Industry PE
- Investors are relatively neutral on the Indian Paper Products industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 20.0x.
- The 3-year average PS ratio of 1.2x is higher than the industry's current PS ratio of 0.66x.
Past Earnings Growth
- The earnings for companies in the Paper Products industry have declined 36% per year over the last three years,
- Revenues have also declined 5.7% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Comparison
How does Indian Paper Products compare with similar industries?
| IN Market | -2.79% | |
| Materials | -1.09% | |
| Paper and Forestry Products | -4.81% | |
| Paper Products | -4.84% | |
| Forestry Products | -4.79% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 532162 JK Paper | ₹381.80 | 0.9% +₹607.4m | 8.0% | PE26.7x | |
| 500388 Shree Krishna Paper Mills & Industries | ₹128.40 | 5.6% +₹92.6m | 213.2% | PE57.2x | |
| 500357 Raama Paper Mills | ₹16.39 | 14.6% +₹20.2m | 19.2% | PS12.4x | |
| 512103 Nidhi Granites | ₹334.00 | 0.5% +₹13.2m | 95.3% | PE55x | |
| 531813 Ganga Papers India | ₹79.50 | 1.2% +₹10.2m | -17.2% | PE59.2x |