Reported Earnings • May 23
Full year 2026 earnings released: EPS: ₹9.86 (vs ₹10.09 in FY 2025) Full year 2026 results: EPS: ₹9.86 (down from ₹10.09 in FY 2025). Revenue: ₹8.29b (up 2.5% from FY 2025). Net income: ₹935.9m (down 2.3% from FY 2025). Profit margin: 11% (in line with FY 2025). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 04
Pudumjee Paper Products Limited to Report Q4, 2026 Results on May 22, 2026 Pudumjee Paper Products Limited announced that they will report Q4, 2026 results on May 22, 2026 Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹75.84, the stock trades at a trailing P/E ratio of 7.7x. Average trailing P/E is 26x in the Forestry industry in India. Total returns to shareholders of 96% over the past three years. Reported Earnings • Feb 01
Third quarter 2026 earnings released: EPS: ₹218 (vs ₹2.06 in 3Q 2025) Third quarter 2026 results: EPS: ₹218 (up from ₹2.06 in 3Q 2025). Revenue: ₹2.08b (up 7.5% from 3Q 2025). Net income: ₹207.1m (up 5.8% from 3Q 2025). Profit margin: 9.9% (in line with 3Q 2025). Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 25% per year. Announcement • Jan 16
Pudumjee Paper Products Limited to Report Q3, 2026 Results on Jan 31, 2026 Pudumjee Paper Products Limited announced that they will report Q3, 2026 results on Jan 31, 2026 New Risk • Dec 18
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.98b (US$99.5m) This is considered a minor risk. Companies with a small market capitalization 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 Risk High level of non-cash earnings (27% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (₹8.98b market cap, or US$99.5m). New Risk • Nov 11
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.6% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (27% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Nov 11
Second quarter 2026 earnings released: EPS: ₹1.78 (vs ₹3.13 in 2Q 2025) Second quarter 2026 results: EPS: ₹1.78 (down from ₹3.13 in 2Q 2025). Revenue: ₹2.06b (down 7.3% from 2Q 2025). Net income: ₹169.2m (down 43% from 2Q 2025). Profit margin: 8.2% (down from 13% in 2Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 28% per year whereas the company’s share price has increased by 29% per year. Announcement • Oct 28
Pudumjee Paper Products Limited to Report Q2, 2026 Results on Nov 10, 2025 Pudumjee Paper Products Limited announced that they will report Q2, 2026 results on Nov 10, 2025 Upcoming Dividend • Aug 14
Upcoming dividend of ₹0.60 per share Eligible shareholders must have bought the stock before 21 August 2025. Payment date: 29 September 2025. Payout ratio is a comfortable 5.9% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of Indian dividend payers (1.3%). In line with average of industry peers (0.5%). Reported Earnings • Aug 02
First quarter 2026 earnings released: EPS: ₹3.82 (vs ₹2.90 in 1Q 2025) First quarter 2026 results: EPS: ₹3.82 (up from ₹2.90 in 1Q 2025). Revenue: ₹2.15b (up 6.0% from 1Q 2025). Net income: ₹362.4m (up 31% from 1Q 2025). Profit margin: 17% (up from 14% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 21
Pudumjee Paper Products Limited to Report Q1, 2026 Results on Aug 01, 2025 Pudumjee Paper Products Limited announced that they will report Q1, 2026 results on Aug 01, 2025 Declared Dividend • Jul 12
Dividend of ₹0.60 announced Dividend of ₹0.60 is the same as last year. Ex-date: 21st August 2025 Payment date: 29th September 2025 Dividend yield will be 0.5%, which is lower than the industry average of 0.8%. Sustainability & Growth Dividend is well covered by both earnings (6% earnings payout ratio) and cash flows (10% cash payout ratio). The dividend has increased by an average of 22% per year over the past 9 years and payments have been stable during that time. Earnings per share has grown by 29% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jul 11
Pudumjee Paper Products Limited announces Annual dividend, payable on September 29, 2025 Pudumjee Paper Products Limited announced Annual dividend of INR 0.6000 per share payable on September 29, 2025, ex-date on August 21, 2025 and record date on August 21, 2025. Announcement • Jul 10
Pudumjee Paper Products Limited, Annual General Meeting, Aug 30, 2025 Pudumjee Paper Products Limited, Annual General Meeting, Aug 30, 2025, at 15:00 Indian Standard Time. Reported Earnings • May 28
Full year 2025 earnings released: ₹10.09 loss per share (vs ₹10.34 profit in FY 2024) Full year 2025 results: ₹10.09 loss per share (down from ₹10.34 profit in FY 2024). Revenue: ₹8.30b (up 5.7% from FY 2024). Net income: ₹957.6m (down 2.4% from FY 2024). Profit margin: 12% (down from 13% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 16
Pudumjee Paper Products Limited to Report Q4, 2025 Results on May 26, 2025 Pudumjee Paper Products Limited announced that they will report Q4, 2025 results on May 26, 2025 Buy Or Sell Opportunity • May 02
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 20% to ₹107. The fair value is estimated to be ₹134, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 41%. Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹119, the stock trades at a trailing P/E ratio of 9.9x. Average trailing P/E is 23x in the Forestry industry in India. Total returns to shareholders of 197% over the past three years. Recent Insider Transactions • Mar 22
Key Executive recently bought ₹239k worth of stock On the 18th of March, Arun Kumar Jatia bought around 2k shares on-market at roughly ₹96.50 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Arun Kumar's only on-market trade for the last 12 months. Buy Or Sell Opportunity • Feb 28
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 34% to ₹102. The fair value is estimated to be ₹131, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 41%. Reported Earnings • Feb 03
Third quarter 2025 earnings released: EPS: ₹2.06 (vs ₹3.36 in 3Q 2024) Third quarter 2025 results: EPS: ₹2.06 (down from ₹3.36 in 3Q 2024). Revenue: ₹1.94b (down 4.9% from 3Q 2024). Net income: ₹195.8m (down 39% from 3Q 2024). Profit margin: 10% (down from 16% in 3Q 2024). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 20
Pudumjee Paper Products Limited to Report Q3, 2025 Results on Jan 31, 2025 Pudumjee Paper Products Limited announced that they will report Q3, 2025 results on Jan 31, 2025 Valuation Update With 7 Day Price Move • Dec 31
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹179, the stock trades at a trailing P/E ratio of 13.4x. Average trailing P/E is 25x in the Forestry industry in India. Total returns to shareholders of 324% over the past three years. Buy Or Sell Opportunity • Dec 26
Now 22% undervalued Over the last 90 days, the stock has risen 81% to ₹203. The fair value is estimated to be ₹260, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 40%. Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹227, the stock trades at a trailing P/E ratio of 17.1x. Average trailing P/E is 25x in the Forestry industry in India. Total returns to shareholders of 605% over the past three years. Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment improves as stock rises 33% After last week's 33% share price gain to ₹186, the stock trades at a trailing P/E ratio of 14x. Average trailing P/E is 24x in the Forestry industry in India. Total returns to shareholders of 453% over the past three years. New Risk • Nov 29
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 7.6% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹125, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 39x in the Forestry industry in India. Total returns to shareholders of 221% over the past three years. Reported Earnings • Oct 30
Second quarter 2025 earnings released: EPS: ₹3.13 (vs ₹1.86 in 2Q 2024) Second quarter 2025 results: EPS: ₹3.13 (up from ₹1.86 in 2Q 2024). Revenue: ₹2.29b (up 17% from 2Q 2024). Net income: ₹297.6m (up 69% from 2Q 2024). Profit margin: 13% (up from 9.0% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 40% per year whereas the company’s share price has increased by 45% per year. Buy Or Sell Opportunity • Oct 22
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to ₹107. The fair value is estimated to be ₹139, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 32%. Announcement • Oct 19
Pudumjee Paper Products Limited to Report Q2, 2025 Results on Oct 28, 2024 Pudumjee Paper Products Limited announced that they will report Q2, 2025 results on Oct 28, 2024 Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹122, the stock trades at a trailing P/E ratio of 10.1x. Average trailing P/E is 32x in the Forestry industry in India. Total returns to shareholders of 198% over the past three years. Upcoming Dividend • Aug 22
Upcoming dividend of ₹0.60 per share Eligible shareholders must have bought the stock before 29 August 2024. Payment date: 06 October 2024. Payout ratio is a comfortable 5.8% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of Indian dividend payers (1.1%). In line with average of industry peers (0.6%). Buy Or Sell Opportunity • Aug 06
Now 22% undervalued Over the last 90 days, the stock has risen 19% to ₹109. The fair value is estimated to be ₹140, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 32%. Reported Earnings • Aug 02
First quarter 2025 earnings released: EPS: ₹2.90 (vs ₹1.18 in 1Q 2024) First quarter 2025 results: EPS: ₹2.90 (up from ₹1.18 in 1Q 2024). Revenue: ₹2.07b (up 14% from 1Q 2024). Net income: ₹275.7m (up 145% from 1Q 2024). Profit margin: 13% (up from 6.2% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 01
Pudumjee Paper Products Limited Appoints Shrihari Waychal as Company Secretary Pudumjee Paper Products Limited announced that based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors of the Company, at its meeting held on August 1, 2024 have appointed Mr. Shrihari Waychal as Company Secretary and Key Managerial Personnel of the Company pursuant to Section 203 of the Companies Act, 2013 with effect from 01st August, 2024. Mr. Shrihari Waychal continues to act as Compliance Officer of the Company in terms of Regulation 6(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Shrihari Waychal is an Associate Member of the Institute of Company Secretaries of India and has required experience in the field of secretarial & legal functions and compliances under the corporate laws. Announcement • Jul 22
Pudumjee Paper Products Limited to Report Q1, 2025 Results on Aug 01, 2024 Pudumjee Paper Products Limited announced that they will report Q1, 2025 results on Aug 01, 2024 Announcement • Jul 08
Pudumjee Paper Products Limited, Annual General Meeting, Sep 06, 2024 Pudumjee Paper Products Limited, Annual General Meeting, Sep 06, 2024, at 15:00 Indian Standard Time. Recent Insider Transactions • Jun 27
Chief Executive Officer Marketing recently sold ₹1.5m worth of stock On the 21st of June, Gautam Jajodia sold around 14k shares on-market at roughly ₹107 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹4.8m. Insiders have been net sellers, collectively disposing of ₹8.3m more than they bought in the last 12 months. Recent Insider Transactions • Jun 14
Chief Executive Officer Marketing recently sold ₹4.8m worth of stock On the 7th of June, Gautam Jajodia sold around 50k shares on-market at roughly ₹95.16 per share. This transaction amounted to 40% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹99.54, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 27x in the Forestry industry in India. Total returns to shareholders of 194% over the past three years. Reported Earnings • May 28
Full year 2024 earnings released: EPS: ₹10.34 (vs ₹6.26 in FY 2023) Full year 2024 results: EPS: ₹10.34 (up from ₹6.26 in FY 2023). Revenue: ₹7.98b (up 5.2% from FY 2023). Net income: ₹981.4m (up 65% from FY 2023). Profit margin: 12% (up from 7.8% in FY 2023). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 19
Pudumjee Paper Products Limited to Report Q4, 2024 Results on May 27, 2024 Pudumjee Paper Products Limited announced that they will report Q4, 2024 results on May 27, 2024 Valuation Update With 7 Day Price Move • May 02
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹89.18, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 19x in the Forestry industry in India. Total returns to shareholders of 292% over the past three years. Announcement • Apr 21
Pudumjee Paper Products Limited Announces Resignation of Vinay Jadhav as Company Secretary and Compliance Officer Pudumjee Paper Products Limited announced that Mr. Vinay Jadhav, Company Secretary and Compliance Officer (Key Managerial Personnel) of the Company has tendered his resignation from the position of Company Secretary andCompliance Officer (Key Managerial Personnel) of the Company and he will be relieved from the services of the Company with effect from close of business hours on 20th April, 2024. New Risk • Mar 22
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 10% 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 Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (₹6.46b market cap, or US$77.5m). Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹65.32, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 17x in the Forestry industry in India. Total returns to shareholders of 179% over the past three years. Buy Or Sell Opportunity • Mar 15
Now 31% overvalued after recent price rise Over the last 90 days, the stock has risen 38% to ₹67.04. The fair value is estimated to be ₹51.29, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 26%. Announcement • Mar 13
Pudumjee Paper Products Limited Appoints Mr. Sanjay Kumar Singh as Non-Executive Independent Director Pudumjee Paper Products Limited appointed Mr. Sanjay Kumar Singh as "Non-Executive Independent Director" of the Company for a period of 5 years effective from 30th January, 2024. Term of Appointment is 5 Years. Mr. Sanjay Kumar Singh is a Chemical Engineer from IIT Kanpur. Mr. Singh joined the erstwhile ITC Bhadrachalam Paperboards Limited as a management trainee in 1977 and rose to become a Whole-Time director in 1999. Consequent to the merger of ITC Bhadrachalam Paperboards Limited with ITC Limited in March 2002, he took charge of the Paperboards & Specialty Papers Division as Executive Vice President (Manufacturing) with responsibility for Bhadrachalam, Tribeni, Kovai and Bollaram units. He had played a vital role in the implementation of TPM and Lean manufacturing in all the units. He had been given additional responsibility to oversee the operations of ITC's Printing & Packaging Division since November 2016. Mr. Singh has since retired from the services of ITC Limited and is now heading a Management Consultancy firm. Mr. Singh is well known in the Paper Industry not only for his technical abilities, but also for his people oriented approach. Mr. Singh is an active member of the CII Southern Region and A.P. State Advisory Board of World Wide Fund -India. He was also an office bearer on various Industry bodies such as Past President of the Apex Council of Indian Paper Manufacturers Association, Past President of Indian Pulp and Paper Technical Association and Past Chairman of the CII - Telangana. New Risk • Feb 05
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 7.9% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.9% average weekly change). Market cap is less than US$100m (₹6.77b market cap, or US$81.5m). Reported Earnings • Feb 01
Third quarter 2024 earnings released: EPS: ₹3.36 (vs ₹1.34 in 3Q 2023) Third quarter 2024 results: EPS: ₹3.36 (up from ₹1.34 in 3Q 2023). Revenue: ₹2.04b (up 12% from 3Q 2023). Net income: ₹318.6m (up 150% from 3Q 2023). Profit margin: 16% (up from 7.0% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹60.18, the stock trades at a trailing P/E ratio of 10.9x. Average trailing P/E is 11x in the Forestry industry in India. Total returns to shareholders of 186% over the past three years. Announcement • Jan 15
Pudumjee Paper Products Limited to Report Q3, 2024 Results on Jan 30, 2024 Pudumjee Paper Products Limited announced that they will report Q3, 2024 results on Jan 30, 2024 Reported Earnings • Oct 29
Second quarter 2024 earnings released: EPS: ₹1.86 (vs ₹1.91 in 2Q 2023) Second quarter 2024 results: EPS: ₹1.86 (down from ₹1.91 in 2Q 2023). Revenue: ₹1.98b (down 6.0% from 2Q 2023). Net income: ₹176.4m (down 2.5% from 2Q 2023). Profit margin: 8.9% (up from 8.6% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 14
Pudumjee Paper Products Limited to Report Q2, 2024 Results on Oct 27, 2023 Pudumjee Paper Products Limited announced that they will report Q2, 2024 results on Oct 27, 2023 New Risk • Oct 09
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 7.3% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.3% average weekly change). Market cap is less than US$100m (₹4.63b market cap, or US$55.7m). Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹49.68, the stock trades at a trailing P/E ratio of 8.9x. Average trailing P/E is 8x in the Forestry industry in India. Total returns to shareholders of 244% over the past three years. Announcement • Aug 12
Pudumjee Paper Products Limited Appoints Mr. Arunkumar Mahabirprasad Jatia as A Whole-Time Director The 9th Annual General Meeting (AGM) of the Members of Pudumjee Paper Products Limited was held on 11th August, 2023 approved Appointment of Mr. Arunkumar Mahabirprasad Jatia as a Whole-Time Director. Upcoming Dividend • Jul 27
Upcoming dividend of ₹0.50 per share at 1.2% yield Eligible shareholders must have bought the stock before 03 August 2023. Payment date: 10 September 2023. Payout ratio is a comfortable 8.0% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (1.0%). Reported Earnings • Jul 20
Full year 2023 earnings released: EPS: ₹6.26 (vs ₹3.64 in FY 2022) Full year 2023 results: EPS: ₹6.26 (up from ₹3.64 in FY 2022). Revenue: ₹7.59b (up 37% from FY 2022). Net income: ₹594.0m (up 72% from FY 2022). Profit margin: 7.8% (up from 6.2% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 18
Pudumjee Paper Products Limited to Report Q1, 2024 Results on Jul 27, 2023 Pudumjee Paper Products Limited announced that they will report Q1, 2024 results on Jul 27, 2023 Announcement • May 25
Pudumjee Paper Products Limited, Annual General Meeting, Aug 11, 2023 Pudumjee Paper Products Limited, Annual General Meeting, Aug 11, 2023, at 15:00 Indian Standard Time. Announcement • May 21
Pudumjee Paper Products Limited Recommends Dividend for the Year Ended March 31, 2023 Pudumjee Paper Products Limited announced that at its board meeting held on May 20, 2023, the board of directors has recommended a Dividend of INR 0.50/- per equity share of INR 1/- each for the year ended 31st March, 2023 subject to the approval of the Shareholders at the upcoming 9th Annual General Meeting of the company. The Dividend shall be paid/dispatched to the Shareholders of the Company within 30 days of its approval. Reported Earnings • May 21
Full year 2023 earnings released: EPS: ₹6.26 (vs ₹3.64 in FY 2022) Full year 2023 results: EPS: ₹6.26 (up from ₹3.64 in FY 2022). Revenue: ₹7.67b (up 38% from FY 2022). Net income: ₹594.0m (up 72% from FY 2022). Profit margin: 7.7% (up from 6.2% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 05
Third quarter 2023 earnings released: EPS: ₹1.34 (vs ₹0.98 in 3Q 2022) Third quarter 2023 results: EPS: ₹1.34 (up from ₹0.98 in 3Q 2022). Revenue: ₹1.82b (up 29% from 3Q 2022). Net income: ₹127.7m (up 37% from 3Q 2022). Profit margin: 7.0% (up from 6.6% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 17
Pudumjee Paper Products Limited to Report Q3, 2023 Results on Feb 04, 2023 Pudumjee Paper Products Limited announced that they will report Q3, 2023 results on Feb 04, 2023 Valuation Update With 7 Day Price Move • Dec 26
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹42.25, the stock trades at a trailing P/E ratio of 8.5x. Average trailing P/E is 11x in the Forestry industry in India. Total returns to shareholders of 197% over the past three years. 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. 8 experienced directors. No highly experienced directors. Non-Executive Non-Independent Director Ved Leekha 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 • Oct 30
Second quarter 2023 earnings released: EPS: ₹1.91 (vs ₹0.99 in 2Q 2022) Second quarter 2023 results: EPS: ₹1.91 (up from ₹0.99 in 2Q 2022). Revenue: ₹2.13b (up 63% from 2Q 2022). Net income: ₹180.9m (up 92% from 2Q 2022). Profit margin: 8.5% (up from 7.2% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 18
Pudumjee Paper Products Limited to Report Q2, 2023 Results on Oct 29, 2022 Pudumjee Paper Products Limited announced that they will report Q2, 2023 results on Oct 29, 2022 Upcoming Dividend • Jul 28
Upcoming dividend of ₹0.50 per share Eligible shareholders must have bought the stock before 04 August 2022. Payment date: 12 September 2022. Payout ratio is a comfortable 8.2% but the company is not cash flow positive. Trailing yield: 0.8%. Lower than top quartile of Indian dividend payers (1.8%). In line with average of industry peers (0.7%). Reported Earnings • Jul 20
Full year 2022 earnings released: EPS: ₹3.64 (vs ₹3.16 in FY 2021) Full year 2022 results: EPS: ₹3.64 (up from ₹3.16 in FY 2021). Revenue: ₹5.55b (up 27% from FY 2021). Net income: ₹345.3m (up 15% from FY 2021). Profit margin: 6.2% (down from 6.9% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 12
Pudumjee Paper Products Limited to Report Q1, 2022 Results on Jul 30, 2022 Pudumjee Paper Products Limited announced that they will report Q1, 2022 results on Jul 30, 2022 Announcement • May 28
Pudumjee Paper Products Limited, Annual General Meeting, Aug 13, 2022 Pudumjee Paper Products Limited, Annual General Meeting, Aug 13, 2022, at 15:00 Indian Standard Time. Reported Earnings • May 22
Full year 2022 earnings released: EPS: ₹3.64 (vs ₹3.16 in FY 2021) Full year 2022 results: EPS: ₹3.64 (up from ₹3.16 in FY 2021). Revenue: ₹5.61b (up 28% from FY 2021). Net income: ₹593.3m (up 98% from FY 2021). Profit margin: 11% (up from 6.9% in FY 2021). Over the last 3 years on average, earnings per share has increased by 34% per year whereas the company’s share price has increased by 36% per year. Announcement • May 07
Pudumjee Paper Products Limited to Report Q4, 2022 Results on May 21, 2022 Pudumjee Paper Products Limited announced that they will report Q4, 2022 results on May 21, 2022 Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. No highly experienced directors. Non-Executive Non-Independent Director Ved Leekha 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 • Mar 15
Investor sentiment improved over the past week After last week's 15% share price gain to ₹39.55, the stock trades at a trailing P/E ratio of 7x. Average trailing P/E is 10x in the Forestry industry in India. Total returns to shareholders of 114% over the past three years. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₹31.65, the stock trades at a trailing P/E ratio of 5.6x. Average trailing P/E is 10x in the Forestry industry in India. Total returns to shareholders of 92% over the past three years. Reported Earnings • Feb 08
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹0.98 (up from ₹0.08 loss in 3Q 2021). Revenue: ₹1.41b (up 10% from 3Q 2021). Net income: ₹93.5m (up ₹101.0m from 3Q 2021). Profit margin: 6.6% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 20% share price gain to ₹44.30, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 11x in the Forestry industry in India. Total returns to shareholders of 109% over the past three years. Recent Insider Transactions • Dec 05
Chief Financial Officer recently sold ₹1.3m worth of stock On the 1st of December, Hanuman Birla sold around 38k shares on-market at roughly ₹34.53 per share. This was the largest sale by an insider in the last 3 months. Hanuman has been a seller over the last 12 months, reducing personal holdings by ₹8.1m. Reported Earnings • Nov 03
Second quarter 2022 earnings released: EPS ₹0.99 (vs ₹1.09 in 2Q 2021) The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2022 results: Revenue: ₹1.32b (up 32% from 2Q 2021). Net income: ₹94.0m (down 8.8% from 2Q 2021). Profit margin: 7.1% (down from 10% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 04
Investor sentiment improved over the past week After last week's 16% share price gain to ₹44.35, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 15x in the Forestry industry in India. Total returns to shareholders of 118% over the past three years. Upcoming Dividend • Aug 05
Upcoming dividend of ₹0.30 per share Eligible shareholders must have bought the stock before 12 August 2021. Payment date: 20 September 2021. Trailing yield: 0.7%. Lower than top quartile of Indian dividend payers (1.4%). In line with average of industry peers (0.6%). Reported Earnings • Jul 29
Full year 2021 earnings released: EPS ₹3.16 (vs ₹2.87 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: ₹4.37b (down 28% from FY 2020). Net income: ₹300.3m (up 10% from FY 2020). Profit margin: 6.9% (up from 4.5% in FY 2020). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment improved over the past week After last week's 16% share price gain to ₹46.50, the stock trades at a trailing P/E ratio of 14.7x. Average trailing P/E is 17x in the Forestry industry in India. Total returns to shareholders of 74% over the past three years. Recent Insider Transactions • Jun 23
Non Executive Independent Director recently bought ₹493k worth of stock On the 17th of June, Madhu Dubhashi bought around 13k shares on-market at roughly ₹37.90 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold ₹3.5m more in shares than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment improved over the past week After last week's 17% share price gain to ₹38.00, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 16x in the Forestry industry in India. Total returns to shareholders of 53% over the past three years. Reported Earnings • Jun 01
Full year 2021 earnings released: EPS ₹3.16 (vs ₹2.87 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: ₹4.45b (down 26% from FY 2020). Net income: ₹300.3m (up 10% from FY 2020). Profit margin: 6.8% (up from 4.5% in FY 2020). Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 7% per year. Valuation Update With 7 Day Price Move • May 31
Investor sentiment improved over the past week After last week's 23% share price gain to ₹29.20, the stock trades at a trailing P/E ratio of 22x. Average trailing P/E is 16x in the Forestry industry in India. Total returns to shareholders of 21% over the past three years. Announcement • May 29
Pudumjee Paper Products Limited Recommends a Dividend for the Year Ended March 31, 2021 The Board of Directors of Pudumjee Paper Products Limited has recommended a Dividend of INR 0.30 per equity share of INR 1/- each for the year ended 31st March, 2021 subject to the approval of the Shareholders at the ensuing 7th Annual General Meeting of the company. The Dividend shall be paid/dispatched to the Shareholders of the company within 30 days of its approval. The Book Closure/Record Date for the purpose of payment of Dividend for the year ended 315t March, 2021 will be informed separately. Recent Insider Transactions • Mar 01
Non Executive Independent Director recently bought ₹255k worth of stock On the 23rd of February, Madhu Dubhashi bought around 10k shares on-market at roughly ₹25.52 per share. In the last 3 months, they made an even bigger purchase worth ₹1.6m. Despite this recent purchase, insiders have collectively sold ₹4.5m more in shares than they bought in the last 12 months. Recent Insider Transactions • Feb 21
Chief Financial Officer recently sold ₹6.8m worth of stock On the 12th of February, Hanuman Birla sold around 300k shares on-market at roughly ₹22.57 per share. This was the largest sale by an insider in the last 3 months. This was Hanuman's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Feb 19
Investor sentiment improved over the past week After last week's 19% share price gain to ₹25.75, the stock is trading at a trailing P/E ratio of 19.4x, up from the previous P/E ratio of 16.3x. This compares to an average P/E of 17x in the Forestry industry in India. Total return to shareholders over the past three years is a loss of 6.5%.