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Emami Paper Mills NSEI:EMAMIPAP Stock Report

Last Price


Market Cap







24 Jun, 2022


Company Financials
EMAMIPAP fundamental analysis
Snowflake Score
Future Growth0/6
Past Performance2/6
Financial Health2/6

EMAMIPAP Stock Overview

Emami Paper Mills Limited manufactures and sells paper and paper board products in India.

Emami Paper Mills Competitors













Price History & Performance

Summary of all time highs, changes and price drops for Emami Paper Mills
Historical stock prices
Current Share Price₹130.95
52 Week High₹214.80
52 Week Low₹113.35
1 Month Change-17.72%
3 Month Change-21.82%
1 Year Change-15.41%
3 Year Change19.05%
5 Year Changen/a
Change since IPO-13.79%

Recent News & Updates

Shareholder Returns

EMAMIPAPIN ForestryIN Market

Return vs Industry: EMAMIPAP underperformed the Indian Forestry industry which returned 19.9% over the past year.

Return vs Market: EMAMIPAP underperformed the Indian Market which returned -1.7% over the past year.

Price Volatility

Is EMAMIPAP's price volatile compared to industry and market?
EMAMIPAP volatility
EMAMIPAP Average Weekly Movement7.3%
Forestry Industry Average Movement7.1%
Market Average Movement6.9%
10% most volatile stocks in IN Market9.9%
10% least volatile stocks in IN Market4.5%

Stable Share Price: EMAMIPAP is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: EMAMIPAP's weekly volatility (7%) has been stable over the past year.

About the Company

19811,312Vivek Chawla

Emami Paper Mills Limited manufactures and sells paper and paper board products in India. Its products include newsprint, packaging board, writing and printing paper, kraft paper, and business stationery paper. Emami Paper Mills Limited was incorporated in 1981 and is based in Kolkata, India.

Emami Paper Mills Fundamentals Summary

How do Emami Paper Mills's earnings and revenue compare to its market cap?
EMAMIPAP fundamental statistics
Market Cap₹7.95b
Earnings (TTM)₹1.25b
Revenue (TTM)₹18.00b


P/E Ratio


P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
EMAMIPAP income statement (TTM)
Cost of Revenue₹12.73b
Gross Profit₹5.28b
Other Expenses₹4.02b

Last Reported Earnings

Dec 31, 2021

Next Earnings Date


Earnings per share (EPS)20.73
Gross Margin29.31%
Net Profit Margin6.97%
Debt/Equity Ratio150.1%

How did EMAMIPAP perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio
We’ve recently updated our valuation analysis.


Is EMAMIPAP undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score


Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for EMAMIPAP?

Other financial metrics that can be useful for relative valuation.

EMAMIPAP key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1x
Enterprise Value/EBITDA6.4x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does EMAMIPAP's PE Ratio compare to its peers?

EMAMIPAP PE Ratio vs Peers
The above table shows the PE ratio for EMAMIPAP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average37x

Price-To-Earnings vs Peers: EMAMIPAP is good value based on its Price-To-Earnings Ratio (6.3x) compared to the peer average (37x).

Price to Earnings Ratio vs Industry

How does EMAMIPAP's PE Ratio compare vs other companies in the Indian Forestry Industry?

Price-To-Earnings vs Industry: EMAMIPAP is good value based on its Price-To-Earnings Ratio (6.3x) compared to the Indian Forestry industry average (11x)

Price to Earnings Ratio vs Fair Ratio

What is EMAMIPAP's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

EMAMIPAP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate EMAMIPAP's Price-To-Earnings Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of EMAMIPAP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: EMAMIPAP (₹130.95) is trading below our estimate of fair value (₹209.96)

Significantly Below Fair Value: EMAMIPAP is trading below fair value by more than 20%.

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate EMAMIPAP's PEG Ratio to determine if it is good value.

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Future Growth

How is Emami Paper Mills forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score


Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted Materials industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Emami Paper Mills has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

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  • Examine whether Emami Paper Mills is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • Emami Paper Mills competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Emami Paper Mills performed over the past 5 years?

Past Performance Score


Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: EMAMIPAP has a large one-off gain of ₹741.0M impacting its December 31 2021 financial results.

Growing Profit Margin: EMAMIPAP became profitable in the past.

Past Earnings Growth Analysis

Earnings Trend: EMAMIPAP's earnings have grown significantly by 24.7% per year over the past 5 years.

Accelerating Growth: EMAMIPAP has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: EMAMIPAP has become profitable in the last year, making it difficult to compare its past year earnings growth to the Forestry industry (55.5%).

Return on Equity

High ROE: Whilst EMAMIPAP's Return on Equity (20.78%) is high, this metric is skewed due to their high level of debt.

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Financial Health

How is Emami Paper Mills's financial position?

Financial Health Score


Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: EMAMIPAP's short term assets (₹6.1B) do not cover its short term liabilities (₹8.4B).

Long Term Liabilities: EMAMIPAP's short term assets (₹6.1B) exceed its long term liabilities (₹4.4B).

Debt to Equity History and Analysis

Debt Level: EMAMIPAP's net debt to equity ratio (149.3%) is considered high.

Reducing Debt: EMAMIPAP's debt to equity ratio has reduced from 228.6% to 150.1% over the past 5 years.

Debt Coverage: EMAMIPAP's debt is not well covered by operating cash flow (19%).

Interest Coverage: EMAMIPAP's interest payments on its debt are not well covered by EBIT (2.8x coverage).

Balance Sheet

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What is Emami Paper Mills's current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: EMAMIPAP's dividend (1.22%) is higher than the bottom 25% of dividend payers in the Indian market (0.44%).

High Dividend: EMAMIPAP's dividend (1.22%) is low compared to the top 25% of dividend payers in the Indian market (1.9%).

Stability and Growth of Payments

Stable Dividend: EMAMIPAP's dividend payments have been volatile in the past 10 years.

Growing Dividend: EMAMIPAP's dividend payments have increased over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (6%), EMAMIPAP's dividend payments are thoroughly covered by cash flows.

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How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Vivek Chawla (60 yo)





Mr. Vivek Chawla, BE Mining, serves as Chief Executive Officer at Emami Paper Mills Limited since April 1, 2021 and also serves as its Whole Time Director since December 2, 2020. Mr. Chawla served as Regio...

CEO Compensation Analysis

Compensation vs Market: Vivek's total compensation ($USD173.68K) is above average for companies of similar size in the Indian market ($USD38.35K).

Compensation vs Earnings: Insufficient data to compare Vivek's compensation with company performance.

Leadership Team

Experienced Management: EMAMIPAP's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.

Board Members

Experienced Board: EMAMIPAP's board of directors are considered experienced (9.1 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

Emami Paper Mills Limited's employee growth, exchange listings and data sources

Key Information

  • Name: Emami Paper Mills Limited
  • Ticker: EMAMIPAP
  • Exchange: NSEI
  • Founded: 1981
  • Industry: Paper Products
  • Sector: Materials
  • Implied Market Cap: ₹7.953b
  • Shares outstanding: 60.50m
  • Website:

Number of Employees


  • Emami Paper Mills Limited
  • Emami Tower
  • 1st Floor
  • Kolkata
  • West Bengal
  • 700107
  • India


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/24 00:00
End of Day Share Price2022/06/24 00:00
Annual Earnings2021/03/31

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.