Announcement • May 25
Raama Paper Mills Limited to Report Q4, 2026 Results on May 30, 2026 Raama Paper Mills Limited announced that they will report Q4, 2026 results at 12:15 PM, Indian Standard Time on May 30, 2026 Reported Earnings • Feb 21
Third quarter 2026 earnings released: ₹1.68 loss per share (vs ₹1.44 loss in 3Q 2025) Third quarter 2026 results: ₹1.68 loss per share (further deteriorated from ₹1.44 loss in 3Q 2025). Net loss: ₹16.2m (loss widened 17% from 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings. Announcement • Feb 06
Raama Paper Mills Limited to Report Q3, 2026 Results on Feb 13, 2026 Raama Paper Mills Limited announced that they will report Q3, 2026 results on Feb 13, 2026 Reported Earnings • Jan 02
Second quarter 2026 earnings released: ₹1.72 loss per share (vs ₹3.79 loss in 2Q 2025) Second quarter 2026 results: ₹1.72 loss per share (improved from ₹3.79 loss in 2Q 2025). Net loss: ₹16.6m (loss narrowed 55% from 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings. New Risk • Oct 30
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 8.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.5% average weekly change). Negative equity (-₹350m). Earnings have declined by 56% per year over the past 5 years. Revenue is less than US$1m (₹67m revenue, or US$750k). Market cap is less than US$10m (₹106.0m market cap, or US$1.20m). Announcement • Sep 10
Raama Paper Mills Limited, Annual General Meeting, Sep 30, 2025 Raama Paper Mills Limited, Annual General Meeting, Sep 30, 2025, at 13:30 Indian Standard Time. Reported Earnings • Sep 09
Full year 2025 earnings released: ₹17.01 loss per share (vs ₹26.94 loss in FY 2024) Full year 2025 results: ₹17.01 loss per share (improved from ₹26.94 loss in FY 2024). Revenue: ₹68.8m (down 88% from FY 2024). Net loss: ₹164.4m (loss narrowed 37% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings. Board Change • Jun 02
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Vijay Singh was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • May 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₹119m free cash flow). Negative equity (-₹262m). Earnings have declined by 58% per year over the past 5 years. Market cap is less than US$10m (₹132.9m market cap, or US$1.55m). Minor Risks Share price has been volatile over the past 3 months (8.3% average weekly change). Revenue is less than US$5m (₹227m revenue, or US$2.7m). Announcement • May 24
Raama Paper Mills Limited to Report Q4, 2025 Results on May 30, 2025 Raama Paper Mills Limited announced that they will report Q4, 2025 results on May 30, 2025 New Risk • May 24
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -₹119m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₹119m free cash flow). Negative equity (-₹262m). Earnings have declined by 58% per year over the past 5 years. Market cap is less than US$10m (₹132.9m market cap, or US$1.56m). Minor Risk Revenue is less than US$5m (₹186m revenue, or US$2.2m). Reported Earnings • May 19
Third quarter 2025 earnings released: ₹1.44 loss per share (vs ₹5.44 loss in 3Q 2024) Third quarter 2025 results: ₹1.44 loss per share (improved from ₹5.44 loss in 3Q 2024). Revenue: ₹6.51m (down 75% from 3Q 2024). Net loss: ₹13.9m (loss narrowed 74% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Board Change • May 19
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Vijay Singh was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • May 12
Raama Paper Mills Limited to Report Q4, 2025 Results on May 17, 2025 Raama Paper Mills Limited announced that they will report Q4, 2025 results on May 17, 2025 New Risk • Mar 26
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: ₹366m (US$4.3m) This is considered a minor risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Negative equity (-₹186m). Earnings have declined by 55% per year over the past 5 years. Market cap is less than US$10m (₹129.5m market cap, or US$1.51m). Minor Risk Revenue is less than US$5m (₹366m revenue, or US$4.3m). Announcement • Nov 09
Raama Paper Mills Limited to Report Q2, 2025 Results on Nov 14, 2024 Raama Paper Mills Limited announced that they will report Q2, 2025 results on Nov 14, 2024 Announcement • Sep 19
Raama Paper Mills Limited to Report Q1, 2025 Results on Sep 23, 2024 Raama Paper Mills Limited announced that they will report Q1, 2025 results on Sep 23, 2024 Reported Earnings • Sep 15
Full year 2024 earnings released: ₹26.94 loss per share (vs ₹11.77 loss in FY 2023) Full year 2024 results: ₹26.94 loss per share (further deteriorated from ₹11.77 loss in FY 2023). Revenue: ₹615.5m (down 20% from FY 2023). Net loss: ₹260.4m (loss widened 129% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Announcement • Sep 10
Raama Paper Mills Limited, Annual General Meeting, Sep 30, 2024 Raama Paper Mills Limited, Annual General Meeting, Sep 30, 2024, at 13:00 Indian Standard Time. Announcement • Aug 08
Raama Paper Mills Limited to Report Q1, 2025 Results on Aug 14, 2024 Raama Paper Mills Limited announced that they will report Q1, 2025 results on Aug 14, 2024 Announcement • May 25
Raama Paper Mills Limited to Report Q4, 2024 Results on May 30, 2024 Raama Paper Mills Limited announced that they will report Q4, 2024 results on May 30, 2024 Reported Earnings • Feb 17
Third quarter 2024 earnings released: ₹5.44 loss per share (vs ₹0.28 profit in 3Q 2023) Third quarter 2024 results: ₹5.44 loss per share (down from ₹0.28 profit in 3Q 2023). Revenue: ₹25.9m (down 86% from 3Q 2023). Net loss: ₹52.5m (down ₹55.2m from profit in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Announcement • Feb 08
Raama Paper Mills Limited to Report Q3, 2024 Results on Feb 14, 2024 Raama Paper Mills Limited announced that they will report Q3, 2024 results on Feb 14, 2024 Reported Earnings • Nov 18
Second quarter 2024 earnings released: ₹8.49 loss per share (vs ₹13.97 loss in 2Q 2023) Second quarter 2024 results: ₹8.49 loss per share (improved from ₹13.97 loss in 2Q 2023). Revenue: ₹178.8m (up 170% from 2Q 2023). Net loss: ₹82.0m (loss narrowed 39% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has increased by 36% per year, which means it is well ahead of earnings. Board Change • Sep 14
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Vijay Singh was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 16
First quarter 2024 earnings released: ₹1.10 loss per share (vs ₹1.44 profit in 1Q 2023) First quarter 2024 results: ₹1.10 loss per share (down from ₹1.44 profit in 1Q 2023). Revenue: ₹243.4m (up 22% from 1Q 2023). Net income: ₹3.98m (down 71% from 1Q 2023). Profit margin: 1.6% (down from 7.0% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 124 percentage points per year, which is a significant difference in performance. Announcement • Aug 08
Raama Paper Mills Limited to Report Q1, 2024 Results on Aug 14, 2023 Raama Paper Mills Limited announced that they will report Q1, 2024 results on Aug 14, 2023 Reported Earnings • Jun 03
Full year 2023 earnings released: ₹11.77 loss per share (vs ₹2.72 profit in FY 2022) Full year 2023 results: ₹11.77 loss per share (down from ₹2.72 profit in FY 2022). Revenue: ₹810.1m (up 2.0% from FY 2022). Net loss: ₹55.2m (down 310% from profit in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance. Announcement • May 25
Raama Paper Mills Limited to Report Q4, 2023 Results on May 30, 2023 Raama Paper Mills Limited announced that they will report Q4, 2023 results on May 30, 2023 Reported Earnings • Feb 16
Third quarter 2023 earnings released: EPS: ₹0.28 (vs ₹0.08 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.28 (up from ₹0.08 in 3Q 2022). Revenue: ₹187.6m (up 10% from 3Q 2022). Net income: ₹2.70m (up 264% from 3Q 2022). Profit margin: 1.4% (up from 0.4% in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has increased by 33% per year, which means it is well ahead of earnings. Announcement • Feb 07
Raama Paper Mills Limited to Report Q3, 2023 Results on Feb 14, 2023 Raama Paper Mills Limited announced that they will report Q3, 2023 results on Feb 14, 2023 Announcement • Dec 18
Raama Paper Mills Limited Approves the Appointment of Sapna Agarwal as Additional Director (Non- Executive) Raama Paper Mills Limited at its Board Meeting held on December 16, 2022, approved the appointment of Smt. Sapna Agarwal as Additional Director (Non- Executive) of the company. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. Independent Non-Executive Director Vijay Singh was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ₹27.65, the stock trades at a trailing P/E ratio of 35.1x. Average trailing P/E is 15x in the Forestry industry in India. Total returns to shareholders of 66% over the past three years. Announcement • Sep 09
Raama Paper Mills Limited, Annual General Meeting, Sep 30, 2022 Raama Paper Mills Limited, Annual General Meeting, Sep 30, 2022, at 15:00 Indian Standard Time. Agenda: To receive, consider and adopt the Profit and Loss Account for the year ended 31st March, 2022, Balance Sheet as at that date together with the Reports of Auditors' and Directors' thereon; to appoint a Director in place of Shri Pramod Agarwal, who retires by rotation and being eligible, offers himself for re-appointment; to appoint Auditors to hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting of the Company and to fix their remuneration; and to transact other matters. Valuation Update With 7 Day Price Move • Sep 05
Investor sentiment improved over the past week After last week's 18% share price gain to ₹25.55, the stock trades at a trailing P/E ratio of 4.2x. Average trailing P/E is 15x in the Forestry industry in India. Total returns to shareholders of 29% over the past three years. Valuation Update With 7 Day Price Move • Aug 08
Investor sentiment improved over the past week After last week's 17% share price gain to ₹22.90, the stock trades at a trailing P/E ratio of 3.7x. Average trailing P/E is 15x in the Forestry industry in India. Total returns to shareholders of 29% over the past three years. Announcement • Aug 07
Raama Paper Mills Limited to Report Q1, 2023 Results on Aug 12, 2022 Raama Paper Mills Limited announced that they will report Q1, 2023 results on Aug 12, 2022 Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment improved over the past week After last week's 23% share price gain to ₹25.00, the stock trades at a trailing P/E ratio of 4.1x. Average trailing P/E is 11x in the Forestry industry in India. Total returns to shareholders of 54% over the past three years. Announcement • May 24
Raama Paper Mills Limited to Report Q4, 2022 Results on May 30, 2022 Raama Paper Mills Limited announced that they will report Q4, 2022 results on May 30, 2022 Valuation Update With 7 Day Price Move • May 10
Investor sentiment improved over the past week After last week's 16% share price gain to ₹21.00, the stock trades at a trailing P/E ratio of 3.4x. Average trailing P/E is 11x in the Forestry industry in India. Total returns to shareholders of 32% over the past three years. Board Change • May 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. Independent Non-Executive Director Vijay Singh was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Apr 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. Independent Non-Executive Director Vijay Singh was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. Independent Non-Executive Director Vijay Singh was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 17
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹0.08 (up from ₹0.96 loss in 3Q 2021). Revenue: ₹169.9m (down 38% from 3Q 2021). Net income: ₹743.0k (up ₹9.97m from 3Q 2021). Profit margin: 0.4% (up from net loss in 3Q 2021). The move to profitability was driven by lower expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment improved over the past week After last week's 22% share price gain to ₹27.80, the stock trades at a trailing P/E ratio of 43x. Average trailing P/E is 15x in the Forestry industry in India. Total loss to shareholders of 19% over the past three years. Executive Departure • Jul 23
Whole Time Director Arun Goel has left the company On the 15th of July, Arun Goel's tenure as Whole Time Director ended. As of March 2021, Arun still personally held 485.73k shares (₹7.2m worth at the time). A total of 3 executives have left over the last 12 months. Reported Earnings • Jul 18
Full year 2021 earnings released: ₹3.42 loss per share (vs ₹2.08 profit in FY 2020) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: ₹918.1m (down 25% from FY 2020). Net loss: ₹33.0m (down 264% from profit in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 135 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 15
Third quarter 2021 earnings released: ₹0.96 loss per share (vs ₹1.29 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: ₹274.7m (down 19% from 3Q 2020). Net loss: ₹9.23m (down 174% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 98% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Announcement • Feb 06
Raama Paper Mills Limited to Report Q3, 2021 Results on Feb 13, 2021 Raama Paper Mills Limited announced that they will report Q3, 2021 results on Feb 13, 2021 Is New 90 Day High Low • Dec 31
New 90-day high: ₹10.50 The company is up 46% from its price of ₹7.20 on 01 October 2020. The Indian market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 25% over the same period. Announcement • Dec 11
Rama Paper Mills Limited, Annual General Meeting, Dec 31, 2020 Rama Paper Mills Limited, Annual General Meeting, Dec 31, 2020, at 13:00 Indian Standard Time. Agenda: To consider audited financial results for the year ended March 31, 2020; to consider appointment of director; to consider appointment of auditor and fix remuneration; and to consider other matters. Reported Earnings • Nov 18
Second quarter 2021 earnings released: ₹3.86 loss per share The company reported a poor second quarter result with weaker earnings, revenues and control over expenses. Second quarter 2021 results: Revenue: ₹220.1m (down 30% from 2Q 2020). Net loss: ₹37.3m (down 385% from profit in 2Q 2020). Announcement • Nov 08
Rama Paper Mills Limited to Report Q2, 2021 Results on Nov 13, 2020 Rama Paper Mills Limited announced that they will report Q2, 2021 results on Nov 13, 2020 Reported Earnings • Nov 05
First quarter 2021 earnings released: ₹0.69 loss per share The company reported a soft first quarter result with weaker revenues and control over expenses, though losses reduced. First quarter 2021 results: Revenue: ₹87.7m (down 71% from 1Q 2020). Net loss: ₹6.72m (loss narrowed 32% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Nov 05
Rama Paper Mills Limited Announces Board Resignation Mr. Alok Jain and Mr. Gyanveer Singh, Directors of the Rama Paper Mills Limited has submitted their resignation from the directorship with immediate effect at its board meeting held on November 3, 2020. Is New 90 Day High Low • Oct 12
New 90-day high: ₹9.55 The company is up 4.0% from its price of ₹9.21 on 14 July 2020. The Indian market is up 10.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Forestry industry, which is also up 4.0% over the same period. Announcement • Sep 02
Rama Paper Mills Limited to Report Q4, 2020 Results on Sep 07, 2020 Rama Paper Mills Limited announced that they will report Q4, 2020 results on Sep 07, 2020 
