Analysis Article • May 02
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Indian (NIFTY) Paper Products Industry Analysis
UpdatedMay 17, 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 West Coast Paper Mills declining 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 |
|---|---|---|---|---|---|---|
| Sun, 17 May 2026 | ₹209.4b | ₹319.7b | ₹11.6b | 16.9x | 18.1x | 0.7x |
| Tue, 14 Apr 2026 | ₹209.5b | ₹316.7b | ₹9.3b | 19.5x | 22.4x | 0.7x |
| Thu, 12 Mar 2026 | ₹193.2b | ₹316.7b | ₹9.3b | 18x | 20.7x | 0.6x |
| Sat, 07 Feb 2026 | ₹216.2b | ₹314.9b | ₹9.7b | 20.3x | 22.2x | 0.7x |
| Mon, 05 Jan 2026 | ₹225.8b | ₹313.7b | ₹9.6b | 18.8x | 23.6x | 0.7x |
| Wed, 03 Dec 2025 | ₹409.4b | ₹322.2b | ₹6.9b | 19.7x | 59.4x | 1.3x |
| Fri, 31 Oct 2025 | ₹435.6b | ₹322.4b | ₹9.9b | 18.9x | 44x | 1.4x |
| Sun, 28 Sep 2025 | ₹414.4b | ₹322.6b | ₹10.6b | 18x | 39.3x | 1.3x |
| Tue, 26 Aug 2025 | ₹450.2b | ₹322.1b | ₹10.7b | 19.3x | 42.1x | 1.4x |
| Thu, 24 Jul 2025 | ₹491.5b | ₹327.2b | ₹12.9b | 18x | 38.1x | 1.5x |
| Sat, 21 Jun 2025 | ₹488.1b | ₹322.7b | ₹12.7b | 17.6x | 38.4x | 1.5x |
| Mon, 19 May 2025 | ₹464.5b | ₹321.6b | ₹15.6b | 16.4x | 29.8x | 1.4x |
| Wed, 16 Apr 2025 | ₹416.0b | ₹356.0b | ₹19.4b | 12.4x | 21.4x | 1.2x |
| Fri, 14 Mar 2025 | ₹395.9b | ₹356.0b | ₹19.4b | 12.1x | 20.4x | 1.1x |
| Sun, 09 Feb 2025 | ₹475.4b | ₹357.7b | ₹21.5b | 14.1x | 22.1x | 1.3x |
| Tue, 07 Jan 2025 | ₹503.8b | ₹360.4b | ₹26.1b | 13x | 19.3x | 1.4x |
| Thu, 05 Dec 2024 | ₹596.6b | ₹360.4b | ₹26.1b | 13.6x | 22.9x | 1.7x |
| Sat, 02 Nov 2024 | ₹575.8b | ₹362.3b | ₹30.3b | 12.4x | 19x | 1.6x |
| Mon, 30 Sep 2024 | ₹582.5b | ₹359.0b | ₹30.4b | 14.5x | 19.1x | 1.6x |
| Wed, 28 Aug 2024 | ₹568.3b | ₹355.7b | ₹30.4b | 11.8x | 18.7x | 1.6x |
| Fri, 26 Jul 2024 | ₹552.2b | ₹362.4b | ₹35.0b | 12.2x | 15.8x | 1.5x |
| Sun, 23 Jun 2024 | ₹541.9b | ₹356.5b | ₹37.4b | 11x | 14.5x | 1.5x |
| Tue, 21 May 2024 | ₹506.8b | ₹370.2b | ₹42.3b | 10.8x | 12x | 1.4x |
| Thu, 18 Apr 2024 | ₹445.8b | ₹372.9b | ₹43.2b | 9x | 10.3x | 1.2x |
| Sat, 16 Mar 2024 | ₹401.7b | ₹372.9b | ₹43.2b | 8.5x | 9.3x | 1.1x |
| Mon, 12 Feb 2024 | ₹433.2b | ₹376.7b | ₹44.7b | 6.5x | 9.7x | 1.2x |
| Wed, 10 Jan 2024 | ₹445.3b | ₹379.3b | ₹46.5b | 6.4x | 9.6x | 1.2x |
| Fri, 08 Dec 2023 | ₹418.0b | ₹379.3b | ₹46.5b | 6.3x | 9x | 1.1x |
| Sun, 05 Nov 2023 | ₹385.4b | ₹384.8b | ₹47.5b | 5.8x | 8.1x | 1x |
| Tue, 03 Oct 2023 | ₹396.8b | ₹388.6b | ₹49.1b | 5.7x | 8.1x | 1x |
| Thu, 31 Aug 2023 | ₹361.4b | ₹388.5b | ₹49.1b | 5.7x | 7.4x | 0.9x |
| Sat, 29 Jul 2023 | ₹327.4b | ₹387.5b | ₹47.3b | 5.6x | 6.9x | 0.8x |
| Mon, 26 Jun 2023 | ₹300.6b | ₹386.3b | ₹46.3b | 5.7x | 6.5x | 0.8x |
| Wed, 24 May 2023 | ₹309.0b | ₹379.0b | ₹43.7b | 5.7x | 7.1x | 0.8x |
Price to Earnings Ratio
7.1x
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 0.65x.
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 5.5% 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 |