Analysis Article • Jun 05
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Indian (NIFTY) Paper Products Industry Analysis
UpdatedJul 01, 2026
DataAggregated Company Financials
Companies34
- 7D1.7%
- 3M6.8%
- 1Y-19.4%
- YTDn/a
The Paper Products industry is up 1.7% in the last week, with West Coast Paper Mills up 7.5%. Meanwhile, Asgard Alcobev actually underperformed within the industry, shrinking 5.4% in the last week. However, the industry is down 19% over the past year. Looking forward, earnings are forecast to grow by 60% annually.
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 |
|---|---|---|---|---|---|---|
| Thu, 02 Jul 2026 | ₹206.5b | ₹324.3b | ₹11.5b | 19.4x | 18x | 0.6x |
| Sat, 30 May 2026 | ₹209.3b | ₹325.9b | ₹11.2b | 20.4x | 18.8x | 0.6x |
| Mon, 27 Apr 2026 | ₹213.5b | ₹316.7b | ₹9.3b | 19.3x | 22.8x | 0.7x |
| Wed, 25 Mar 2026 | ₹191.6b | ₹316.7b | ₹9.3b | 18.3x | 20.5x | 0.6x |
| Fri, 20 Feb 2026 | ₹196.9b | ₹316.7b | ₹9.4b | 19.2x | 20.9x | 0.6x |
| Sun, 18 Jan 2026 | ₹224.7b | ₹313.9b | ₹9.6b | 19.3x | 23.3x | 0.7x |
| Tue, 16 Dec 2025 | ₹216.1b | ₹313.7b | ₹9.6b | 19.9x | 22.6x | 0.7x |
| Thu, 13 Nov 2025 | ₹411.4b | ₹320.5b | ₹8.1b | 20x | 51.1x | 1.3x |
| Sat, 11 Oct 2025 | ₹413.5b | ₹322.6b | ₹10.6b | 19.4x | 39.2x | 1.3x |
| Mon, 08 Sep 2025 | ₹434.4b | ₹322.1b | ₹10.7b | 18.3x | 40.6x | 1.3x |
| Wed, 06 Aug 2025 | ₹462.1b | ₹324.7b | ₹11.6b | 17.6x | 39.8x | 1.4x |
| Fri, 04 Jul 2025 | ₹489.5b | ₹322.7b | ₹12.7b | 17.2x | 38.5x | 1.5x |
| Sun, 01 Jun 2025 | ₹464.7b | ₹318.8b | ₹12.4b | 18.2x | 37.3x | 1.5x |
| Tue, 29 Apr 2025 | ₹423.6b | ₹356.8b | ₹19.2b | 12.6x | 22x | 1.2x |
| Thu, 27 Mar 2025 | ₹427.1b | ₹356.0b | ₹19.4b | 11.9x | 22x | 1.2x |
| Sat, 22 Feb 2025 | ₹440.4b | ₹356.0b | ₹19.4b | 13.1x | 22.7x | 1.2x |
| Mon, 20 Jan 2025 | ₹470.3b | ₹360.0b | ₹25.6b | 12.8x | 18.4x | 1.3x |
| Wed, 18 Dec 2024 | ₹584.3b | ₹360.4b | ₹26.1b | 15.9x | 22.4x | 1.6x |
| Fri, 15 Nov 2024 | ₹531.2b | ₹361.5b | ₹27.6b | 9.7x | 19.3x | 1.5x |
| Sun, 13 Oct 2024 | ₹582.1b | ₹359.0b | ₹30.4b | 14.1x | 19.1x | 1.6x |
| Tue, 10 Sep 2024 | ₹538.8b | ₹359.0b | ₹30.4b | 12.9x | 17.7x | 1.5x |
| Thu, 08 Aug 2024 | ₹525.8b | ₹360.3b | ₹33.8b | 10.9x | 15.6x | 1.5x |
| Sat, 06 Jul 2024 | ₹573.5b | ₹358.6b | ₹37.4b | 12.1x | 15.3x | 1.6x |
| Mon, 03 Jun 2024 | ₹477.3b | ₹405.1b | ₹44.8b | 8.2x | 10.7x | 1.2x |
| Wed, 01 May 2024 | ₹489.5b | ₹372.6b | ₹42.6b | 10.4x | 11.5x | 1.3x |
| Fri, 29 Mar 2024 | ₹416.4b | ₹372.9b | ₹43.2b | 7.9x | 9.6x | 1.1x |
| Sun, 25 Feb 2024 | ₹429.5b | ₹372.9b | ₹43.2b | 7.9x | 9.9x | 1.2x |
| Tue, 23 Jan 2024 | ₹450.4b | ₹378.6b | ₹46.1b | 6.6x | 9.8x | 1.2x |
| Thu, 21 Dec 2023 | ₹402.6b | ₹379.3b | ₹46.5b | 6.5x | 8.7x | 1.1x |
| Sat, 18 Nov 2023 | ₹395.7b | ₹379.3b | ₹46.5b | 5.9x | 8.5x | 1x |
| Mon, 16 Oct 2023 | ₹413.1b | ₹388.6b | ₹49.1b | 5.7x | 8.4x | 1.1x |
| Wed, 13 Sep 2023 | ₹373.5b | ₹388.6b | ₹49.1b | 5.6x | 7.6x | 1x |
| Fri, 11 Aug 2023 | ₹330.8b | ₹387.3b | ₹47.4b | 5.8x | 7x | 0.9x |
| Sun, 09 Jul 2023 | ₹314.7b | ₹386.4b | ₹46.3b | 5.8x | 6.8x | 0.8x |
Price to Earnings Ratio
6.8x
Current Industry PE
- Investors are pessimistic on the Indian Paper Products industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 18.0x which is lower than its 3-year average PE of 20.5x.
- The 3-year average PS ratio of 1.2x is higher than the industry's current PS ratio of 0.64x.
Past Earnings Growth
- The earnings for companies in the Paper Products industry have declined 37% 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 | -0.26% | |
| Materials | -0.99% | |
| Paper and Forestry Products | 1.19% | |
| Paper Products | 1.68% | |
| Forestry Products | 0.77% | |
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 | |
|---|---|---|---|---|---|
| 500444 West Coast Paper Mills | ₹523.70 | 5.9% +₹1.9b | 2.0% | PE23x | |
| SESHAPAPER Seshasayee Paper and Boards | ₹227.60 | 6.4% +₹827.5m | -25.8% | PE16.6x | |
| 516108 South India Paper Mills | ₹104.65 | 10.0% +₹178.1m | 18.2% | PE18.3x | |
| 512103 Nidhi Granites | ₹369.50 | 2.7% +₹76.8m | 112.1% | PE38.5x | |
| PDMJEPAPER Pudumjee Paper Products | ₹84.64 | 0.9% +₹69.3m | -27.1% | PE8.6x |