Reported Earnings • May 16
Full year 2026 earnings released: EPS: ₹0.94 (vs ₹4.47 in FY 2025) Full year 2026 results: EPS: ₹0.94 (down from ₹4.47 in FY 2025). Revenue: ₹17.8b (up 16% from FY 2025). Net income: ₹186.2m (down 79% from FY 2025). Profit margin: 1.0% (down from 5.8% in FY 2025). 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 74 percentage points per year, which is a significant difference in performance. Announcement • May 05
Andhra Paper Limited to Report Q4, 2026 Results on May 14, 2026 Andhra Paper Limited announced that they will report Q4, 2026 results on May 14, 2026 Reported Earnings • Feb 05
Third quarter 2026 earnings released: EPS: ₹0.50 (vs ₹0.59 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.50 (down from ₹0.59 in 3Q 2025). Revenue: ₹4.47b (up 16% from 3Q 2025). Net income: ₹98.5m (down 16% from 3Q 2025). Profit margin: 2.2% (down from 3.0% in 3Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Announcement • Jan 23
Andhra Paper Limited to Report Q3, 2026 Results on Feb 04, 2026 Andhra Paper Limited announced that they will report Q3, 2026 results on Feb 04, 2026 Reported Earnings • Nov 07
Second quarter 2026 earnings released: ₹1.02 loss per share (vs ₹2.10 profit in 2Q 2025) Second quarter 2026 results: ₹1.02 loss per share (down from ₹2.10 profit in 2Q 2025). Revenue: ₹3.72b (down 14% from 2Q 2025). Net loss: ₹202.6m (down 149% from profit in 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Announcement • Oct 25
Andhra Paper Limited to Report Q2, 2026 Results on Nov 06, 2025 Andhra Paper Limited announced that they will report Q2, 2026 results at 12:15 PM, Indian Standard Time on Nov 06, 2025 Announcement • Jul 26
Andhra Paper Limited to Report Q1, 2026 Results on Aug 05, 2025 Andhra Paper Limited announced that they will report Q1, 2026 results on Aug 05, 2025 Upcoming Dividend • Jul 25
Upcoming dividend of ₹1.00 per share Eligible shareholders must have bought the stock before 01 August 2025. Payment date: 06 September 2025. Payout ratio is a comfortable 22% but the company is not cash flow positive. Trailing yield: 1.3%. Within top quartile of Indian dividend payers (1.2%). Higher than average of industry peers (0.5%). Reported Earnings • Jul 17
Full year 2025 earnings released: EPS: ₹4.47 (vs ₹17.09 in FY 2024) Full year 2025 results: EPS: ₹4.47 (down from ₹17.09 in FY 2024). Revenue: ₹15.4b (down 14% from FY 2024). Net income: ₹889.1m (down 74% from FY 2024). Profit margin: 5.8% (down from 19% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • Jul 07
Andhra Paper Limited, Annual General Meeting, Aug 07, 2025 Andhra Paper Limited, Annual General Meeting, Aug 07, 2025, at 14:30 Indian Standard Time. Declared Dividend • Jul 06
Dividend of ₹1.00 announced Shareholders will receive a dividend of ₹1.00. Ex-date: 1st August 2025 Payment date: 6th September 2025 Dividend yield will be 1.1%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is covered by earnings (22% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has remained flat since 4 years ago. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 75% to shift the payout ratio to a potentially unsustainable range, which is more than the 16% EPS decline seen over the last 5 years. Reported Earnings • May 10
Full year 2025 earnings released: EPS: ₹4.47 (vs ₹17.09 in FY 2024) Full year 2025 results: EPS: ₹4.47 (down from ₹17.09 in FY 2024). Revenue: ₹16.3b (down 9.5% from FY 2024). Net income: ₹889.1m (down 74% from FY 2024). Profit margin: 5.5% (down from 19% in FY 2024). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Board Change • May 01
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. Independent Non-Executive Director Papia Sengupta was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • May 01
Andhra Paper Limited to Report Q4, 2025 Results on May 08, 2025 Andhra Paper Limited announced that they will report Q4, 2025 results on May 08, 2025 Announcement • Jan 28
Andhra Paper Limited to Report Q3, 2025 Results on Feb 06, 2025 Andhra Paper Limited announced that they will report Q3, 2025 results on Feb 06, 2025 Announcement • Jan 03
Andhra Paper Limited Reports Disruption of Operations of the Manufacturing Plant Situated At Unit: Rajahmundry Andhra Paper Limited informed that, operations of the manufacturing plant situated at unit: Rajahmundry has been disrupted due to strike of the workers called by the Workers Trade Unions with effect from January 03, 2025. The Company management is in discussion with the concerned Trade Unions to resolve the issue amicably as soon as possible and shall provide update on further development in due course. Whether loss /damage covered by insurance or not including amount: Yes, all assets are covered by insurance. Estimate impact on operations /production: Loss of production per day of strike is approximately 510 MT. Factory /Unit where the strike has occurred including reasons for such strike; Rajahmundry Unit, East Godavari, Andhra Pradesh 533105. Reasons for strike: Demanding high revision in wages in forthcoming wage settlement with the management. Reported Earnings • Nov 10
Second quarter 2025 earnings released: EPS: ₹2.10 (vs ₹5.04 in 2Q 2024) Second quarter 2025 results: EPS: ₹2.10 (down from ₹5.04 in 2Q 2024). Revenue: ₹4.32b (down 10% from 2Q 2024). Net income: ₹417.2m (down 58% from 2Q 2024). Profit margin: 9.7% (down from 21% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 28% per year. Announcement • Oct 22
Andhra Paper Limited to Report Q2, 2025 Results on Nov 04, 2024 Andhra Paper Limited announced that they will report Q2, 2025 results on Nov 04, 2024 New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. New Risk • Sep 10
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹4.67b (US$55.6m) 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: Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (15% net profit margin). Market cap is less than US$100m (₹4.67b market cap, or US$55.6m). New Risk • Aug 06
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 15% Last year net profit margin: 26% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (15% net profit margin). Announcement • Jul 27
Andhra Paper Limited to Report Q1, 2025 Results on Aug 05, 2024 Andhra Paper Limited announced that they will report Q1, 2025 results on Aug 05, 2024 Reported Earnings • Jul 24
Full year 2024 earnings released: EPS: ₹85.43 (vs ₹131 in FY 2023) Full year 2024 results: EPS: ₹85.43 (down from ₹131 in FY 2023). Revenue: ₹18.0b (down 14% from FY 2023). Net income: ₹3.40b (down 35% from FY 2023). Profit margin: 19% (down from 25% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jul 24
Dividend reduced to ₹10.00 Dividend of ₹10.00 is 20% lower than last year. Ex-date: 5th August 2024 Payment date: 11th September 2024 Dividend yield will be 1.7%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is covered by earnings (12% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 26% per year over the past 3 years. However, payments have been volatile during that time. Earnings per share has grown by 11% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jul 18
Andhra Paper Limited, Annual General Meeting, Aug 12, 2024 Andhra Paper Limited, Annual General Meeting, Aug 12, 2024, at 11:30 Indian Standard Time. Announcement • Apr 28
Andhra Paper Limited to Report Q4, 2024 Results on May 14, 2024 Andhra Paper Limited announced that they will report Q4, 2024 results on May 14, 2024 Reported Earnings • Feb 04
Third quarter 2024 earnings released: EPS: ₹20.74 (vs ₹42.79 in 3Q 2023) Third quarter 2024 results: EPS: ₹20.74 (down from ₹42.79 in 3Q 2023). Revenue: ₹5.01b (down 12% from 3Q 2023). Net income: ₹824.7m (down 52% from 3Q 2023). Profit margin: 17% (down from 30% in 3Q 2023). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Announcement • Jan 25
Andhra Paper Limited to Report Q4, 2024 Results on Feb 02, 2024 Andhra Paper Limited announced that they will report Q4, 2024 results on Feb 02, 2024 Reported Earnings • Nov 01
Second quarter 2024 earnings released: EPS: ₹25.22 (vs ₹28.52 in 2Q 2023) Second quarter 2024 results: EPS: ₹25.22 (down from ₹28.52 in 2Q 2023). Revenue: ₹5.03b (up 3.9% from 2Q 2023). Net income: ₹1.00b (down 12% from 2Q 2023). Profit margin: 20% (down from 23% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth. Announcement • Oct 19
Andhra Paper Limited to Report Q2, 2024 Results on Oct 30, 2023 Andhra Paper Limited announced that they will report Q2, 2024 results on Oct 30, 2023 Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹543, the stock trades at a trailing P/E ratio of 3.9x. Average trailing P/E is 10x in the Forestry industry in India. Total returns to shareholders of 181% over the past three years. Announcement • Aug 12
Andhra Paper Limited Approves Final Dividend for the Financial Year Ended March 31, 2023 Andhra Paper Limited announced at the AGM held on August 11, 2023, approved Declaration of a final dividend of INR 12.50 per equity share of face value of INR 10/- each, of the Company for the financial year ended March 31, 2023. Announcement • Aug 04
Andhra Paper Limited to Report Q1, 2024 Results on Aug 03, 2023 Andhra Paper Limited announced that they will report Q1, 2024 results on Aug 03, 2023 Upcoming Dividend • Jul 28
Upcoming dividend of ₹12.50 per share at 3.0% yield Eligible shareholders must have bought the stock before 04 August 2023. Payment date: 10 September 2023. Payout ratio is a comfortable 9.5% and this is well supported by cash flows. Trailing yield: 3.0%. Within top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (1.0%). Reported Earnings • Jul 22
Full year 2023 earnings released: EPS: ₹131 (vs ₹35.14 in FY 2022) Full year 2023 results: EPS: ₹131 (up from ₹35.14 in FY 2022). Revenue: ₹21.0b (up 52% from FY 2022). Net income: ₹5.22b (up 274% from FY 2022). Profit margin: 25% (up from 10% 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 60% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Announcement • Jul 06
Andhra Paper Limited, Annual General Meeting, Aug 11, 2023 Andhra Paper Limited, Annual General Meeting, Aug 11, 2023, at 11:30 Indian Standard Time. Reported Earnings • May 10
Full year 2023 earnings released: EPS: ₹131 (vs ₹35.14 in FY 2022) Full year 2023 results: EPS: ₹131 (up from ₹35.14 in FY 2022). Revenue: ₹21.5b (up 56% from FY 2022). Net income: ₹5.22b (up 274% from FY 2022). Profit margin: 24% (up from 10% 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 60% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 01
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: ₹5.87b (up 70% from 3Q 2022). Net income: ₹1.70b (up 357% from 3Q 2022). Profit margin: 29% (up from 11% in 3Q 2022). The increase in margin was driven by higher revenue. Announcement • Jan 07
Andhra Paper Limited Announces the Resignation of Mukesh Jain as the Chief Financial Officer, Effective February 1, 2023 Andhra Paper Limited announced the resignation of Mr. Mukesh Jain as Chief Financial Officer vide his letter dated January 6, 2023 and shall continue as Director-Commercial. His resignation from CFO position has been accepted by the Company. He shall be relieved as CFO upon close of business hours on February 1, 2023. He shall continue to support and ensure smooth transition of responsibilities until a new CFO is appointed by the Company. Mr. Mukesh Jain has confirmed that there are no material reasons for his resignation. Recent Insider Transactions • Jan 04
Executive Chairman & MD recently bought ₹1.7m worth of stock On the 29th of December, Shree Bangur bought around 4k shares on-market at roughly ₹416 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was Shree's only on-market trade for the last 12 months. Board Change • Dec 28
High number of new directors Independent Director Viren Sinha was the last director to join the board, commencing their role in 2022. Buying Opportunity • Sep 26
Now 24% undervalued Over the last 90 days, the stock is up 32%. The fair value is estimated to be ₹544, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 22%. Buying Opportunity • Aug 12
Now 20% undervalued Over the last 90 days, the stock is up 33%. The fair value is estimated to be ₹528, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 22%. Upcoming Dividend • Jul 28
Upcoming dividend of ₹7.50 per share Eligible shareholders must have bought the stock before 04 August 2022. Payment date: 11 September 2022. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 2.2%. Within top quartile of Indian dividend payers (1.8%). Higher than average of industry peers (0.7%). Reported Earnings • Jul 21
Full year 2022 earnings released: EPS: ₹35.14 (vs ₹1.16 loss in FY 2021) Full year 2022 results: EPS: ₹35.14 (up from ₹1.16 loss in FY 2021). Revenue: ₹13.8b (up 56% from FY 2021). Net income: ₹1.40b (up ₹1.44b from FY 2021). Profit margin: 10% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Announcement • Jul 19
Andhra Paper Limited to Report Fiscal Year 2023 Results on May 30, 2023 Andhra Paper Limited announced that they will report fiscal year 2023 results on May 30, 2023 Reported Earnings • May 06
Full year 2022 earnings released: EPS: ₹35.14 (vs ₹1.16 loss in FY 2021) Full year 2022 results: EPS: ₹35.14 (up from ₹1.16 loss in FY 2021). Revenue: ₹14.3b (up 61% from FY 2021). Net income: ₹1.40b (up ₹1.44b from FY 2021). Profit margin: 9.8% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
High number of new and inexperienced directors There are 10 new directors who have joined the board in the last 3 years. The company's board is composed of: 10 new directors. No experienced directors. No highly experienced directors. Non-Executive Independent Director Arun Sureka is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improved over the past week After last week's 19% share price gain to ₹331, the stock trades at a trailing P/E ratio of 11.2x. Average trailing P/E is 11x in the Forestry industry in India. Total loss to shareholders of 25% over the past three years. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment improved over the past week After last week's 21% share price gain to ₹258, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 10x in the Forestry industry in India. Total loss to shareholders of 43% over the past three years. Reported Earnings • Feb 01
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹9.37 (up from ₹1.02 in 3Q 2021). Revenue: ₹3.54b (up 42% from 3Q 2021). Net income: ₹372.7m (up ₹332.1m from 3Q 2021). Profit margin: 11% (up from 1.6% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 09
Second quarter 2022 earnings released: EPS ₹4.75 (vs ₹4.01 loss in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹3.59b (up 132% from 2Q 2021). Net income: ₹188.7m (up ₹348.0m from 2Q 2021). Profit margin: 5.3% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Jul 22
Upcoming dividend of ₹5.00 per share Eligible shareholders must have bought the stock before 29 July 2021. Payment date: 11 September 2021. Trailing yield: 2.0%. Within top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (0.6%). Reported Earnings • Jul 14
Full year 2021 earnings released: ₹1.16 loss per share (vs ₹53.54 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: ₹8.87b (down 30% from FY 2020). Net loss: ₹46.0m (down 102% from profit in FY 2020). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Reported Earnings • May 12
Full year 2021 earnings released: ₹1.16 loss per share (vs ₹53.54 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: ₹9.02b (down 29% from FY 2020). Net loss: ₹46.0m (down 102% from profit in FY 2020). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improved over the past week After last week's 18% share price gain to ₹269, the stock is trading at a trailing P/E ratio of 17.7x, up from the previous P/E ratio of 15x. This compares to an average P/E of 18x in the Forestry industry in India. Total return to shareholders over the past three years is a loss of 10%. Is New 90 Day High Low • Mar 01
New 90-day high: ₹249 The company is up 23% from its price of ₹203 on 01 December 2020. The Indian market is up 16% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Forestry industry, which is up 39% over the same period. Is New 90 Day High Low • Feb 04
New 90-day high: ₹221 The company is up 17% from its price of ₹189 on 06 November 2020. The Indian market is up 23% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Forestry industry, which is up 41% over the same period. Reported Earnings • Jan 30
Third quarter 2021 earnings released: EPS ₹1.02 (vs ₹12.84 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹2.49b (down 29% from 3Q 2020). Net income: ₹40.6m (down 92% from 3Q 2020). Profit margin: 1.6% (down from 15% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Jan 01
New 90-day high: ₹218 The company is up 9.0% from its price of ₹199 on 01 October 2020. The Indian market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Forestry industry, which is up 27% over the same period. Is New 90 Day High Low • Dec 08
New 90-day high: ₹213 The company is up 5.0% from its price of ₹204 on 09 September 2020. The Indian market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Forestry industry, which is up 20% over the same period. Reported Earnings • Oct 31
First half earnings released Over the last 12 months the company has reported total profits of ₹1.03b, down 45% from the prior year. Total revenue was ₹9.06b over the last 12 months, down 35% from the prior year. Is New 90 Day High Low • Oct 13
New 90-day low: ₹186 The company is down 16% from its price of ₹221 on 15 July 2020. The Indian market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Forestry industry, which is up 4.0% over the same period. Is New 90 Day High Low • Sep 22
New 90-day low: ₹196 The company is down 16% from its price of ₹234 on 24 June 2020. The Indian market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Forestry industry, which is up 5.0% over the same period.