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Last Updated: April 2, 2026, 2:36 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 502330 | NSE: ANDHRAPAP

Andhra Paper Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹156.02Undervalued by 156.19%vs CMP ₹60.90

P/E (64.5) × ROE (3.1%) × BV (₹96.90) × DY (1.64%)

₹74.02Undervalued by 21.54%vs CMP ₹60.90
MoS: +17.7% (Adequate)Confidence: 48/100 (Moderate)Models: 5 Under, 4 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹104.3324%Under (+71.3%)
Graham NumberEarnings₹45.2717%Over (-25.7%)
Earnings PowerEarnings₹124.5411%Under (+104.5%)
Net Asset ValueAssets₹96.948%Under (+59.2%)
EV/EBITDAEnterprise₹101.0110%Under (+65.9%)
Dividend DiscountDividends₹51.0010%Over (-16.3%)
Earnings YieldEarnings₹9.408%Over (-84.6%)
ROCE CapitalReturns₹2.308%Over (-96.2%)
Revenue MultipleRevenue₹77.566%Under (+27.4%)
Consensus (9 models)₹74.02100%Undervalued
Key Drivers: EPS CAGR -33.1% drags value — could be higher if earnings stabilize. | ROE 3.1% is below cost of equity.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -33.1%

*Investments are subject to market risks

Investment Snapshot

46
Andhra Paper Ltd scores 46/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health58/100 · Moderate
ROCE 4.5% WeakROE 3.1% WeakD/E 0.02 Low debtInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 72.5% Stable
Earnings Quality40/100 · Moderate
OPM contracting (26% → 17%) Declining
Quarterly Momentum40/100 · Moderate
Revenue (4Q): +6% YoY GrowingProfit (4Q): -84% YoY DecliningOPM: 3.7% (down 3.7% YoY) Margin pressure
Industry Rank35/100 · Weak
P/E 64.5 vs industry 30.5 Premium to peersROCE 4.5% vs industry 5.5% Average3Y sales CAGR: 4% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Andhra Paper Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
30/100
Low
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 64.5 vs Ind 30.5 | ROCE 4.5% | ROE 3.1% | CFO/NP N/A
Balance Sheet Stress
0/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.02x | IntCov 0.0x | Current 2.21x | Borrow/Reserve 0.14x
Cash Flow Reliability
14/100
Weak
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹89 Cr | CFO/NP N/A
Ownership Accumulation
+25
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII 0.00 pp | DII +0.06 pp | Prom 0.00 pp
Business Momentum
+38
Stable
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales +15.6% | Q NP +148.6% | Q OPM +5.6 pp
Derived FieldValueHow it is derived
Valuation Gap %+21.5%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.14xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change0.00 ppLatest FII% minus previous FII%
DII Change+0.06 ppLatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change-1,865Latest shareholder count minus previous count
Quarterly Sales Change+15.6%Latest quarter sales vs previous quarter sales
Quarterly Profit Change+148.6%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change+5.6 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:36 am

Market Cap 1,210 Cr.
Current Price 60.9
Intrinsic Value₹74.02
High / Low 98.0/57.0
Stock P/E64.5
Book Value 96.9
Dividend Yield1.64 %
ROCE4.50 %
ROE3.07 %
Face Value 2.00
PEG Ratio-1.95

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Andhra Paper Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Andhra Paper Ltd 1,210 Cr. 60.9 98.0/57.064.5 96.91.64 %4.50 %3.07 % 2.00
NR Agarwal Industries Ltd 721 Cr. 424 550/20627.1 4620.47 %5.62 %2.35 % 10.0
Satia Industries Ltd 557 Cr. 55.7 97.5/50.67.90 1050.72 %10.3 %11.9 % 1.00
Magnum Ventures Ltd 133 Cr. 19.4 32.4/16.2 99.20.00 %3.68 %1.48 % 10.0
JK Paper Ltd 6,029 Cr. 333 445/29022.5 3231.50 %8.63 %7.04 % 10.0
Industry Average3,591.83 Cr341.3330.50237.350.75%5.48%4.72%7.17

All Competitor Stocks of Andhra Paper Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 570.86590.16477.59482.03476.58364.38315.89432.28385.70407.37393.42362.08418.69
Expenses 334.05361.54322.74350.79366.95329.12282.22379.96357.39387.10359.82368.89403.29
Operating Profit 236.81228.62154.85131.24109.6335.2633.6752.3228.3120.2733.60-6.8115.40
OPM % 41.48%38.74%32.42%27.23%23.00%9.68%10.66%12.10%7.34%4.98%8.54%-1.88%3.68%
Other Income 16.34-1.6321.6121.3524.1227.8725.4230.3315.3017.6827.2310.1828.72
Interest 1.403.401.321.440.830.832.243.874.537.265.764.204.55
Depreciation 15.5615.7315.8316.6116.7216.7120.8220.9722.0024.5325.9026.9127.39
Profit before tax 236.19207.86159.31134.54116.2045.5936.0357.8117.086.1629.17-27.7412.18
Tax % 27.94%25.95%25.59%25.44%29.03%15.75%23.18%27.82%31.79%-27.27%26.98%-27.00%19.13%
Net Profit 170.18153.90118.55100.3182.4738.4127.6841.7211.657.8521.31-20.269.85
EPS in Rs 8.567.745.965.044.151.931.392.100.590.391.07-1.020.50

Last Updated: February 6, 2026, 6:17 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 18, 2026, 7:16 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 1,0921,1631,1241,1721,2641,4271,2708871,3802,0981,8011,5411,582
Expenses 1,0301,0689921,0021,0381,0479658261,1561,3591,3681,4021,519
Operating Profit 61951311702263803046122473843213962
OPM % 6%8%12%15%18%27%24%7%16%35%24%9%4%
Other Income 131239-22-7713114233948484
Interest 43454034269555741822
Depreciation 876973706668767372636688105
Profit before tax -56-65644126311236-618870145611720
Tax % -26%-104%35%27%34%36%10%-26%26%25%25%24%
Net Profit -420373283200213-51405223408919
EPS in Rs -2.090.011.851.634.1810.0610.70-0.237.0326.2717.084.470.94
Dividend Payout % 0%0%0%0%0%0%0%-432%21%10%12%22%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)100.00%-13.51%159.38%140.96%6.50%-102.35%2900.00%272.86%-34.87%-73.82%
Change in YoY Net Profit Growth (%)0.00%-113.51%172.89%-18.41%-134.46%-108.85%3002.35%-2627.14%-307.72%-38.96%

Andhra Paper Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:3%
5 Years:4%
3 Years:4%
TTM:-1%
Compounded Profit Growth
10 Years:31%
5 Years:-23%
3 Years:-25%
TTM:-67%
Stock Price CAGR
10 Years:4%
5 Years:13%
3 Years:-7%
1 Year:-30%
Return on Equity
10 Years:16%
5 Years:15%
3 Years:19%
Last Year:3%

Last Updated: September 4, 2025, 11:15 pm

Balance Sheet

Last Updated: December 4, 2025, 12:57 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 40404040404040404040404040
Reserves 3753744114385247249369351,0541,5421,8531,9011,886
Borrowings 564502477359208159445955115283263
Other Liabilities 336330340317325407336313345367443381374
Total Liabilities 1,3151,2461,2681,1551,0971,1861,3211,3331,4982,0052,4512,6052,563
Fixed Assets 8778338207987427076806195855777951,0241,025
CWIP 101617348298291143077
Investments 151515101516442193838871,029909832
Other Assets 413382415344336455595486523512513642628
Total Assets 1,3151,2461,2681,1551,0971,1861,3211,3331,4982,0052,4512,6052,563

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 20128111172215310177104202536319-55
Cash from Investing Activity + -89-31-38-29-31-110-167-114-181-498-334-61
Cash from Financing Activity + 68-108-67-145-175-201-1111-12-415109
Net Cash Flow -0-116-39-1-019-3-10-7
Free Cash Flow -70967314118226915383163422-12-320
CFO/OP 37%134%92%107%106%99%80%170%115%97%105%-36%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-503.00-407.00-346.00-189.0018.00365.00295.0017.00165.00683.00317.00-144.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 202023212019123127261226
Inventory Days 1721411511311131202161698077102127
Days Payable 121110110999713012513489879875
Cash Conversion Cycle 715264543781026617161678
Working Capital Days -22-57-19-48-26184346329-528
ROCE %-1%4%7%12%21%42%27%0%18%52%25%4%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 72.24%72.31%72.31%72.31%72.31%72.31%72.45%72.45%72.45%72.45%72.45%72.45%
FIIs 1.28%1.97%2.65%2.62%2.33%2.31%1.35%1.02%0.96%0.84%0.79%0.79%
DIIs 6.29%5.13%2.55%2.21%2.60%2.60%4.53%4.67%4.67%4.68%4.68%4.74%
Public 20.20%20.59%22.47%22.85%22.75%22.77%21.67%21.86%21.91%22.03%22.09%22.02%
No. of Shareholders 19,75622,60727,44534,60137,93737,55342,41745,59046,45845,37745,27143,406

Shareholding Pattern Chart

No. of Shareholders

Andhra Paper Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
ICICI Prudential Smallcap Fund 8,550,054 0.68 55.5N/AN/AN/A
SBI Conservative Hybrid Fund 1,472,313 0.1 10.13715,5392026-03-02 05:01:28105.76%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 2.0010.0010.0010.0010.00
Basic EPS (Rs.) 4.4785.43131.3735.14-1.16
Diluted EPS (Rs.) 4.4785.43131.3735.14-1.16
Cash EPS (Rs.) 8.91101.99147.2653.2417.30
Book Value[Excl.RevalReserv]/Share (Rs.) 97.60476.04397.83275.10245.21
Book Value[Incl.RevalReserv]/Share (Rs.) 97.60476.04397.83275.10245.21
Dividend / Share (Rs.) 1.0010.0012.507.505.00
Revenue From Operations / Share (Rs.) 77.51452.75527.45347.05222.97
PBDIT / Share (Rs.) 11.23132.24197.8266.8419.14
PBIT / Share (Rs.) 6.79115.68181.9348.730.68
PBT / Share (Rs.) 5.89114.57176.2647.36-1.56
Net Profit / Share (Rs.) 4.4785.42131.3735.13-1.16
PBDIT Margin (%) 14.4829.2037.5019.258.58
PBIT Margin (%) 8.7525.5534.4914.040.30
PBT Margin (%) 7.5925.3033.4113.64-0.69
Net Profit Margin (%) 5.7618.8624.9010.12-0.51
Return on Networth / Equity (%) 4.5817.9433.0212.77-0.47
Return on Capital Employeed (%) 6.2322.6343.4016.230.25
Return On Assets (%) 3.4113.8626.069.32-0.34
Long Term Debt / Equity (X) 0.060.020.000.010.01
Total Debt / Equity (X) 0.140.050.020.040.02
Asset Turnover Ratio (%) 0.600.801.200.970.66
Current Ratio (X) 2.973.063.402.392.21
Quick Ratio (X) 2.242.492.891.911.56
Inventory Turnover Ratio (X) 5.514.215.153.022.71
Dividend Payout Ratio (NP) (%) 44.7314.635.7014.230.00
Dividend Payout Ratio (CP) (%) 22.4312.255.099.390.00
Earning Retention Ratio (%) 55.2785.3794.3085.770.00
Cash Earning Retention Ratio (%) 77.5787.7594.9190.610.00
Interest Coverage Ratio (X) 12.48119.13109.7148.8116.87
Interest Coverage Ratio (Post Tax) (X) 5.9777.9576.0026.660.95
Enterprise Value (Cr.) 1637.362014.441644.741175.63820.56
EV / Net Operating Revenue (X) 1.061.120.780.850.92
EV / EBITDA (X) 7.333.832.094.4210.78
MarketCap / Net Operating Revenue (X) 0.881.070.780.850.98
Retention Ratios (%) 55.2685.3694.2985.760.00
Price / BV (X) 0.701.021.041.080.89
Price / Net Operating Revenue (X) 0.881.070.780.850.98
EarningsYield 0.060.170.310.11-0.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Andhra Paper Ltd. is a Public Limited Listed company incorporated on 29/06/1964 and has its registered office in the State of Andhra Pradesh, India. Company's Corporate Identification Number(CIN) is L21010AP1964PLC001008 and registration number is 001008. Currently Company is involved in the business activities of Manufacture of pulp. Company's Total Operating Revenue is Rs. 1541.24 Cr. and Equity Capital is Rs. 39.77 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Paper & Paper ProductsRajahmundry, East Godavari Distri Andhra Pradesh 533105Contact not found
Management
NamePosition Held
Mr. Shree Kumar BangurChairman & Managing Director
Mr. Virendraa BangurVice Chairman
Mr. Saurabh BangurManaging Director
Mr. Mukesh JainExecutive Director
Mrs. Papia SenguptaIndependent Director
Mr. Sudarshan V SomaniIndependent Director
Mr. Arun Kumar SurekaIndependent Director
Mr. Virendra SinhaIndependent Director

FAQ

What is the intrinsic value of Andhra Paper Ltd and is it undervalued?

As of 06 April 2026, Andhra Paper Ltd's intrinsic value is ₹74.02, which is 21.54% higher than the current market price of ₹60.90, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (3.07 %), book value (₹96.9), dividend yield (1.64 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Andhra Paper Ltd?

Andhra Paper Ltd is trading at ₹60.90 as of 06 April 2026, with a FY2026-2027 high of ₹98.0 and low of ₹57.0. The stock is currently near its 52-week low. Market cap stands at ₹1,210 Cr..

How does Andhra Paper Ltd's P/E ratio compare to its industry?

Andhra Paper Ltd has a P/E ratio of 64.5, which is above the industry average of 30.50. This significantly elevated P/E suggests the market expects strong future growth, or the stock may be overpriced relative to current earnings.

Is Andhra Paper Ltd financially healthy?

Key indicators for Andhra Paper Ltd: ROCE of 4.50 % is on the lower side compared to the industry average of 5.48%; ROE of 3.07 % is below ideal levels (industry average: 4.72%). Dividend yield is 1.64 %.

Is Andhra Paper Ltd profitable and how is the profit trend?

Andhra Paper Ltd reported a net profit of ₹89 Cr in Mar 2025 on revenue of ₹1,541 Cr. Compared to ₹140 Cr in Mar 2022, the net profit shows a declining trend.

Does Andhra Paper Ltd pay dividends?

Andhra Paper Ltd has a dividend yield of 1.64 % at the current price of ₹60.90. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Andhra Paper Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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