Andhra Paper Ltd: Intrinsic Value & Share Price Analysis

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

As of 23 June 2026, Andhra Paper Ltd's intrinsic value is 57.38, which is 5.16% lower than the current market price of 60.50, suggesting the stock is overvalued. Calculated using the PE ratio method factoring in ROE (0.96 %), book value (97.5), dividend yield (1.65 %), and 5-year EPS CAGR.

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

Andhra Paper Ltd is trading at 60.50 as of 23 June 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 1,203 Cr..

Q: Is Andhra Paper Ltd financially healthy?

Key indicators: ROCE of 1.98 % is on the lower side. Dividend yield is 1.65 %.

Q: 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.

Fair Value

₹49.17Overvalued by 18.73%vs CMP ₹60.50

P/E (64.6) × ROE (1.0%) × BV (₹97.50) × DY (1.65%)

₹57.38Fairly Valued by 5.16%vs CMP ₹60.50

MoS: -5.4% (Negative)Confidence: 48/100 (Moderate)Models: 4 Under, 5 Over

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹32.88	24%	Over (-45.7%)
Graham Number	Earnings	₹45.41	17%	Over (-24.9%)
Earnings Power	Earnings	₹126.00	11%	Under (+108.3%)
Net Asset Value	Assets	₹97.56	8%	Under (+61.3%)
EV/EBITDA	Enterprise	₹102.49	10%	Under (+69.4%)
Dividend Discount	Dividends	₹51.00	10%	Over (-15.7%)
Earnings Yield	Earnings	₹9.40	8%	Over (-84.5%)
ROCE Capital	Returns	₹2.28	8%	Over (-96.2%)
Revenue Multiple	Revenue	₹77.50	6%	Under (+28.1%)
Consensus (9 models)		₹57.38	100%	Fairly Valued

Key Drivers: EPS CAGR -33.1% drags value — could be higher if earnings stabilize. | ROE 1.0% 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

Analyst Summary

Andhra Paper Ltd operates in the Paper & Paper Products segment, NSE: ANDHRAPAP | BSE: 502330, current market price is ₹60.50, market cap is 1,203 Cr.. At a glance, stock P/E is 64.6, ROE is 0.96 %, ROCE is 1.98 %, book value is 97.5, dividend yield is 1.65 %. The latest intrinsic value estimate is ₹57.38, around 5.2% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹1,541 Cr versus the prior period change of -14.4%, while latest net profit is about ₹89 Cr with a prior-period change of -73.8%. The 52-week range shown on this page is 98.0/57.0, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisAndhra 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 L…

This summary is generated from the stock page data available for Andhra Paper Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

Andhra Paper Ltd scores 43/100 (Weak)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health58/100 · Moderate

ROCE 2.0% WeakROE 1.0% 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 Rank15/100 · Weak

P/E 64.6 vs industry 29.0 Premium to peersROCE 2.0% vs industry 4.8% Below peersROE 1.0% vs industry 4.2% Below peers3Y 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.

Share Price and Basic Stock Data

Last Updated: June 12, 2026, 4:27 am

Market Cap	1,203 Cr.
Current Price	60.5
Intrinsic Value	₹57.38
High / Low	98.0/57.0
Stock P/E	64.6
Book Value	97.5
Dividend Yield	1.65 %
ROCE	1.98 %
ROE	0.96 %
Face Value	2.00
PEG Ratio	-1.95

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

Stock P/E Current Price Intrinsic Value

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	1,203 Cr.	60.5	98.0/57.0	64.6	97.5	1.65 %	1.98 %	0.96 %	2.00
NR Agarwal Industries Ltd	756 Cr.	444	550/304	15.8	479	0.45 %	8.47 %	6.01 %	10.0
Satia Industries Ltd	526 Cr.	52.6	97.5/50.6	12.9	109	0.76 %	3.94 %	3.83 %	1.00
Magnum Ventures Ltd	134 Cr.	19.6	30.2/16.2		101	0.00 %	2.55 %	1.64 %	10.0
JK Paper Ltd	6,277 Cr.	346	445/305	22.6	304	1.44 %	7.64 %	5.08 %	10.0
Industry Average	3,680.83 Cr	350.62		28.98	236.92	0.75%	4.81%	4.16%	7.17

All Competitor Stocks of Andhra Paper Ltd

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	570.86	590.16	477.59	482.03	476.58	364.38	315.89	432.28	385.70	407.37	393.42	362.08	418.69
Expenses	334.05	361.54	322.74	350.79	366.95	329.12	282.22	379.96	357.39	387.10	359.82	368.89	403.29
Operating Profit	236.81	228.62	154.85	131.24	109.63	35.26	33.67	52.32	28.31	20.27	33.60	-6.81	15.40
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	-1.63	21.61	21.35	24.12	27.87	25.42	30.33	15.30	17.68	27.23	10.18	28.72
Interest	1.40	3.40	1.32	1.44	0.83	0.83	2.24	3.87	4.53	7.26	5.76	4.20	4.55
Depreciation	15.56	15.73	15.83	16.61	16.72	16.71	20.82	20.97	22.00	24.53	25.90	26.91	27.39
Profit before tax	236.19	207.86	159.31	134.54	116.20	45.59	36.03	57.81	17.08	6.16	29.17	-27.74	12.18
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	170.18	153.90	118.55	100.31	82.47	38.41	27.68	41.72	11.65	7.85	21.31	-20.26	9.85
EPS in Rs	8.56	7.74	5.96	5.04	4.15	1.93	1.39	2.10	0.59	0.39	1.07	-1.02	0.50

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

Quarterly Chart

Profit & Loss - Annual Report

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

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	1,092	1,163	1,124	1,172	1,264	1,427	1,270	887	1,380	2,098	1,801	1,541	1,582
Expenses	1,030	1,068	992	1,002	1,038	1,047	965	826	1,156	1,359	1,368	1,402	1,519
Operating Profit	61	95	131	170	226	380	304	61	224	738	432	139	62
OPM %	6%	8%	12%	15%	18%	27%	24%	7%	16%	35%	24%	9%	4%
Other Income	13	12	39	-22	-7	7	13	11	42	33	94	84	84
Interest	43	45	40	34	26	9	5	5	5	7	4	18	22
Depreciation	87	69	73	70	66	68	76	73	72	63	66	88	105
Profit before tax	-56	-6	56	44	126	311	236	-6	188	701	456	117	20
Tax %	-26%	-104%	35%	27%	34%	36%	10%	-26%	26%	25%	25%	24%
Net Profit	-42	0	37	32	83	200	213	-5	140	522	340	89	19
EPS in Rs	-2.09	0.01	1.85	1.63	4.18	10.06	10.70	-0.23	7.03	26.27	17.08	4.47	0.94
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	-432%	21%	10%	12%	22%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
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: June 16, 2026, 6:00 am

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	40	40	40	40	40	40	40	40	40	40	40	40
Reserves	374	411	438	524	724	936	935	1,054	1,542	1,853	1,901	1,900
Borrowings	502	477	359	208	15	9	44	59	55	115	283	232
Other Liabilities	330	340	317	325	407	336	313	345	367	443	381	367
Total Liabilities	1,246	1,268	1,155	1,097	1,186	1,321	1,333	1,498	2,005	2,451	2,605	2,538
Fixed Assets	833	820	798	742	707	680	619	585	577	795	1,024	1,000
CWIP	16	17	3	4	8	2	9	8	29	114	30	279
Investments	15	15	10	15	16	44	219	383	887	1,029	909	650
Other Assets	382	415	344	336	455	595	486	523	512	513	642	609
Total Assets	1,246	1,268	1,155	1,097	1,186	1,321	1,333	1,498	2,005	2,451	2,605	2,538

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	128	111	172	215	310	177	104	202	536	319	-55	104
Cash from Investing Activity +	-31	-38	-29	-31	-110	-167	-114	-181	-498	-334	-61	2
Cash from Financing Activity +	-108	-67	-145	-175	-201	-11	11	-12	-41	5	109	-94
Net Cash Flow	-11	6	-3	9	-1	-0	1	9	-3	-10	-7	12
Free Cash Flow	96	73	141	182	269	153	83	163	422	-12	-320	-194
CFO/OP	134%	92%	107%	106%	99%	80%	170%	115%	97%	105%	-36%	166%

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	61.00	-407.00	-346.00	-189.00	18.00	365.00	295.00	17.00	165.00	683.00	317.00	-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

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	20	20	23	21	20	19	12	31	27	26	12	26
Inventory Days	172	141	151	131	113	120	216	169	80	77	102	127
Days Payable	121	110	110	99	97	130	125	134	89	87	98	75
Cash Conversion Cycle	71	52	64	54	37	8	102	66	17	16	16	78
Working Capital Days	-22	-57	-19	-48	-26	18	43	46	32	9	-5	28
ROCE %	-1%	4%	7%	12%	21%	42%	27%	0%	18%	52%	25%	4%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 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	19,756	22,607	27,445	34,601	37,937	37,553	42,417	45,590	46,458	45,377	45,271	43,406

Shareholding Pattern Chart

No. of Shareholders

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

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
ICICI Prudential Smallcap Fund	8,550,054	0.68	55.5	N/A	N/A	N/A
SBI Conservative Hybrid Fund	1,472,313	0.1	10.13	715,539	2026-03-02 05:01:28	105.76%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	2.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	4.47	85.43	131.37	35.14	-1.16
Diluted EPS (Rs.)	4.47	85.43	131.37	35.14	-1.16
Cash EPS (Rs.)	8.91	101.99	147.26	53.24	17.30
Book Value[Excl.RevalReserv]/Share (Rs.)	97.60	476.04	397.83	275.10	245.21
Book Value[Incl.RevalReserv]/Share (Rs.)	97.60	476.04	397.83	275.10	245.21
Dividend / Share (Rs.)	1.00	10.00	12.50	7.50	5.00
Revenue From Operations / Share (Rs.)	77.51	452.75	527.45	347.05	222.97
PBDIT / Share (Rs.)	11.23	132.24	197.82	66.84	19.14
PBIT / Share (Rs.)	6.79	115.68	181.93	48.73	0.68
PBT / Share (Rs.)	5.89	114.57	176.26	47.36	-1.56
Net Profit / Share (Rs.)	4.47	85.42	131.37	35.13	-1.16
PBDIT Margin (%)	14.48	29.20	37.50	19.25	8.58
PBIT Margin (%)	8.75	25.55	34.49	14.04	0.30
PBT Margin (%)	7.59	25.30	33.41	13.64	-0.69
Net Profit Margin (%)	5.76	18.86	24.90	10.12	-0.51
Return on Networth / Equity (%)	4.58	17.94	33.02	12.77	-0.47
Return on Capital Employeed (%)	6.23	22.63	43.40	16.23	0.25
Return On Assets (%)	3.41	13.86	26.06	9.32	-0.34
Long Term Debt / Equity (X)	0.06	0.02	0.00	0.01	0.01
Total Debt / Equity (X)	0.14	0.05	0.02	0.04	0.02
Asset Turnover Ratio (%)	0.60	0.80	1.20	0.97	0.66
Current Ratio (X)	2.97	3.06	3.40	2.39	2.21
Quick Ratio (X)	2.24	2.49	2.89	1.91	1.56
Inventory Turnover Ratio (X)	5.51	4.21	5.15	3.02	2.71
Dividend Payout Ratio (NP) (%)	44.73	14.63	5.70	14.23	0.00
Dividend Payout Ratio (CP) (%)	22.43	12.25	5.09	9.39	0.00
Earning Retention Ratio (%)	55.27	85.37	94.30	85.77	0.00
Cash Earning Retention Ratio (%)	77.57	87.75	94.91	90.61	0.00
Interest Coverage Ratio (X)	12.48	119.13	109.71	48.81	16.87
Interest Coverage Ratio (Post Tax) (X)	5.97	77.95	76.00	26.66	0.95
Enterprise Value (Cr.)	1637.36	2014.44	1644.74	1175.63	820.56
EV / Net Operating Revenue (X)	1.06	1.12	0.78	0.85	0.92
EV / EBITDA (X)	7.33	3.83	2.09	4.42	10.78
MarketCap / Net Operating Revenue (X)	0.88	1.07	0.78	0.85	0.98
Retention Ratios (%)	55.26	85.36	94.29	85.76	0.00
Price / BV (X)	0.70	1.02	1.04	1.08	0.89
Price / Net Operating Revenue (X)	0.88	1.07	0.78	0.85	0.98
EarningsYield	0.06	0.17	0.31	0.11	-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. 1701.23 Cr. and Equity Capital is Rs. 39.77 Cr. for the Year ended 31/03/2026.

INDUSTRY	ADDRESS	CONTACT
Paper & Paper Products	Rajahmundry, East Godavari Distri Andhra Pradesh 533105	Contact not found

Management
Name	Position Held
Mr. Shree Kumar Bangur	Chairman & Managing Director
Mr. Virendraa Bangur	Vice Chairman
Mr. Saurabh Bangur	Managing Director
Mr. Mukesh Jain	Executive Director
Mrs. Papia Sengupta	Independent Director
Mr. Sudarshan V Somani	Independent Director
Mr. Arun Kumar Sureka	Independent Director
Mr. Virendra Sinha	Independent Director

FAQ

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

As of 23 June 2026, Andhra Paper Ltd's intrinsic value is ₹57.38, which is 5.16% lower than the current market price of ₹60.50, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (0.96 %), book value (₹97.5), dividend yield (1.65 %), 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 ₹60.50 as of 23 June 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 ₹1,203 Cr..

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

Andhra Paper Ltd has a P/E ratio of 64.6, which is above the industry average of 28.98. 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 1.98 % is on the lower side compared to the industry average of 4.81%; ROE of 0.96 % is below ideal levels (industry average: 4.16%). Dividend yield is 1.65 %.

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 1.65 % at the current price of ₹60.50. The company pays dividends, though the yield is modest.