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Last Updated: April 2, 2026, 2:40 am
Author: Getaka|Social: XLinkedIn

Balkrishna Paper Mills Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹98.23Undervalued by 596.67%vs CMP ₹14.10

P/E (15.0) × ROE (15.0%) × BV (₹53.50) × DY (2.00%)

Defaults: P/E=15, ROE=15%

₹56.56Undervalued by 301.13%vs CMP ₹14.10
MoS: +75.1% (Strong)Confidence: 33/100 (Low)Models: 2 Under, 2 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹125.8334%Under (+792.4%)
Graham NumberEarnings₹34.5234%Under (+144.8%)
Earnings YieldEarnings₹9.9018%Over (-29.8%)
Revenue MultipleRevenue₹0.7114%Over (-95%)
Consensus (4 models)₹56.56100%Undervalued
Key Drivers: EPS CAGR 28.1% lifts DCF — verify sustainability. | Wide model spread (₹1–₹126) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 28.1% · Defaults: P/E=15, ROE=15%

*Investments are subject to market risks

Investment Snapshot

38
Balkrishna Paper Mills Ltd scores 38/100 (Weak)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health18/100 · Weak
ROCE 0.0% WeakROE 0.0% WeakD/E 1.27 High debtInterest Coverage 0.0x RiskyProfitable 1/5 years Inconsistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 60.0% Stable
Earnings Quality40/100 · Moderate
OPM contracting (-17% → -32%) Declining
Quarterly Momentum60/100 · Moderate
Revenue (4Q): +52% YoY AcceleratingOPM: -18.6% (down 18.6% YoY) Margin pressure
Industry Rank40/100 · Moderate
3Y sales CAGR: -79% Shrinking

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.

Balkrishna Paper Mills Ltd Investor Signals

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

Value Trap Score
50/100
Moderate
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 0.0 vs Ind 25.3 | ROCE 0.0% | ROE 0.0% | CFO/NP N/A
Balance Sheet Stress
50/100
Manageable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 1.27x | IntCov 0.0x | Current 0.44x | Borrow/Reserve N/A
Cash Flow Reliability
14/100
Weak
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹8 Cr | CFO/NP N/A
Ownership Accumulation
0
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII 0.00 pp | DII 0.00 pp | Prom 0.00 pp
Business Momentum
-26
Early weakness
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales -8.9% | Q NP -1.1% | Q OPM -4.3 pp
Derived FieldValueHow it is derived
Valuation Gap %+301.1%((Fair Value - CMP) / CMP) × 100
Borrowings / ReservesN/ALatest 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 Change0.00 ppLatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change-297Latest shareholder count minus previous count
Quarterly Sales Change-8.9%Latest quarter sales vs previous quarter sales
Quarterly Profit Change-1.1%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change-4.3 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:40 am

Market Cap 46.0 Cr.
Current Price 14.1
Intrinsic Value₹56.56
High / Low 27.0/11.3
Stock P/E
Book Value 53.5
Dividend Yield0.00 %
ROCE%
ROE%
Face Value 10.0
PEG Ratio0.00

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

View Share Price Target for Balkrishna Paper Mills Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Mohit Paper Mills Ltd 33.7 Cr. 24.1 38.8/23.85.20 39.00.00 %12.0 %13.6 % 10.0
Gratex Industries Ltd 5.26 Cr. 17.4 26.2/14.258.4 12.20.00 %3.85 %2.52 % 10.0
Ganga Papers India Ltd 74.0 Cr. 68.6 111/68.651.0 29.00.00 %6.44 %5.19 % 10.0
Encode Packaging India Ltd 3.69 Cr. 11.7 14.0/10.6 10.30.00 %2.05 %2.11 % 10.0
Cella Space Ltd 27.1 Cr. 13.4 19.3/9.5528.2 10.30.00 %10.7 %% 10.0
Industry Average694.36 Cr69.4125.25107.280.86%9.32%134.80%6.50

All Competitor Stocks of Balkrishna Paper Mills Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 11.4621.485.091.300.551.361.57-0.00-0.000.651.671.121.02
Expenses 31.3030.967.874.460.781.742.240.240.270.841.841.281.21
Operating Profit -19.84-9.48-2.78-3.16-0.23-0.38-0.67-0.24-0.27-0.19-0.17-0.16-0.19
OPM % -173.12%-44.13%-54.62%-243.08%-41.82%-27.94%-42.68%-29.23%-10.18%-14.29%-18.63%
Other Income 0.110.07-0.000.24-28.65-1.65-25.228.21-1.28-0.368.36-0.35-0.43
Interest 2.722.762.652.881.712.072.661.831.561.251.221.251.16
Depreciation 1.541.541.531.450.020.010.37-0.00-0.00-0.00-0.00-0.00-0.00
Profit before tax -23.99-13.71-6.96-7.25-30.61-4.11-28.926.14-3.11-1.806.97-1.76-1.78
Tax % -0.75%0.15%3.59%3.72%-0.00%-0.00%-0.07%-0.00%-0.00%-0.00%-0.00%-0.00%-0.00%
Net Profit -23.80-13.73-7.21-7.52-30.61-4.11-28.906.14-3.11-1.816.96-1.76-1.78
EPS in Rs -7.39-4.26-2.24-2.34-9.51-1.28-8.971.91-0.97-0.562.16-0.55-0.55

Last Updated: February 6, 2026, 2:16 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 23, 2026, 12:46 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 0.0019.49156.44179.50208.11214.35196.11126.46242.38109.303.432.325.52
Expenses 0.0021.42164.80191.45230.87237.04209.44135.65247.97144.374.393.166.33
Operating Profit 0.00-1.93-8.36-11.95-22.76-22.69-13.33-9.19-5.59-35.07-0.96-0.84-0.81
OPM % -9.90%-5.34%-6.66%-10.94%-10.59%-6.80%-7.27%-2.31%-32.09%-27.99%-36.21%-14.67%
Other Income 0.000.0344.285.302.350.110.222.7915.760.15-62.9114.929.40
Interest 0.000.615.357.3310.6614.4512.9712.928.5010.997.215.885.37
Depreciation 0.000.543.665.776.836.616.626.336.176.120.060.020.00
Profit before tax 0.00-3.0526.91-19.75-37.90-43.64-32.70-25.65-4.50-52.03-71.148.183.22
Tax % 1.97%38.72%18.78%6.04%-3.21%5.66%0.74%4.00%-0.31%0.00%0.00%
Net Profit 0.00-3.1016.48-23.46-40.19-42.24-34.56-25.85-4.69-51.88-71.148.193.21
EPS in Rs 0.00-0.965.12-7.29-12.48-13.12-10.73-8.03-1.46-16.11-22.082.540.99
Dividend Payout % 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)631.61%-242.35%-71.31%-5.10%18.18%25.20%81.86%-1006.18%-37.12%111.51%
Change in YoY Net Profit Growth (%)0.00%-873.97%171.04%66.21%23.28%7.02%56.65%-1088.04%969.06%148.64%

Balkrishna Paper Mills Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2015-2016 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:-19%
5 Years:-59%
3 Years:-79%
TTM:-1%
Compounded Profit Growth
10 Years:%
5 Years:12%
3 Years:15%
TTM:40%
Stock Price CAGR
10 Years:0%
5 Years:17%
3 Years:-4%
1 Year:-21%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Last Updated: September 5, 2025, 12:25 am

Balance Sheet

Last Updated: December 4, 2025, 1:01 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 0.0510.7410.7410.7410.7410.7410.7410.7410.7410.7410.7432.2232.22
Reserves 0.0047.8264.3738.39-1.85-43.99-78.68-104.52-109.25-161.20-232.62-201.15-204.69
Borrowings 0.0089.2481.9881.00128.72145.14176.80192.29204.74223.53215.20160.04167.29
Other Liabilities 0.0038.8249.7375.2372.3595.7987.13116.0280.8161.7352.0127.8125.83
Total Liabilities 0.05186.62206.82205.36209.96207.68195.99214.53187.04134.8045.3318.9220.65
Fixed Assets 0.0079.3377.24156.05155.16149.39145.66139.33127.73120.8826.810.420.41
CWIP 0.0065.1080.174.441.133.020.830.890.400.000.000.000.00
Investments 0.001.0012.100.000.000.000.000.000.000.000.000.000.00
Other Assets 0.0541.1937.3144.8753.6755.2749.5074.3158.9113.9218.5218.5020.24
Total Assets 0.05186.62206.82205.36209.96207.68195.99214.53187.04134.8045.3318.9220.65

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 0.002.85-1.933.96-36.42-3.48-14.1723.56-54.54-19.56-8.40-4.14
Cash from Investing Activity + 0.05-2.2317.842.91-2.26-2.40-0.19-0.2118.532.1411.9123.89
Cash from Financing Activity + 0.00-0.30-12.69-10.3638.665.9114.347.834.7817.79-3.53-19.35
Net Cash Flow 0.050.323.22-3.48-0.020.03-0.0131.18-31.230.38-0.010.40
Free Cash Flow 0.000.40-17.37-5.48-39.04-5.97-14.5723.34-36.03-17.523.9719.39
CFO/OP -148%-50%-29%160%15%114%-257%972%56%881%473%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow0.00-91.17-90.34-92.95-151.48-167.83-190.13-201.48-210.33-258.60-216.16-160.88

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 276.7924.2628.2828.6226.8021.1631.609.052.97188.3578.66
Inventory Days 463.3047.7550.9967.5973.0981.14104.0493.8238.44690.16-0.00
Days Payable 668.84103.75157.45115.72164.55164.08222.7696.0578.54802.14
Cash Conversion Cycle 71.25-31.74-78.18-19.51-64.66-61.78-87.116.82-37.1376.3878.66
Working Capital Days -756.78-91.32-111.13-67.30-113.43-81.80-317.20-48.78-243.78-9,333.57-8,335.22
ROCE %-3.27%-7.56%-8.61%-20.46%-23.47%-17.88%-12.32%-9.38%-45.86%-3.01%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 58.71%58.71%58.71%58.71%58.71%59.95%59.95%59.95%59.95%59.95%59.95%59.95%
FIIs 0.00%0.00%0.00%0.00%0.00%0.01%0.01%0.00%0.00%0.00%0.00%0.00%
DIIs 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.03%0.03%0.03%0.03%0.03%
Public 41.29%41.30%41.29%41.29%41.30%40.04%40.04%40.02%40.02%40.02%40.01%40.02%
No. of Shareholders 11,58511,90512,29612,81013,46314,76715,32315,59915,51615,31715,13914,842

Shareholding Pattern Chart

No. of Shareholders

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

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 16Mar 15
FaceValue 10.0010.00
Basic EPS (Rs.) 15.66-2.00
Diluted EPS (Rs.) 15.66-2.00
Cash EPS (Rs.) 22.11-0.98
Book Value[Excl.RevalReserv]/Share (Rs.) 69.9363.10
Book Value[Incl.RevalReserv]/Share (Rs.) 69.9363.10
Revenue From Operations / Share (Rs.) 186.1126.35
PBDIT / Share (Rs.) -2.62-0.47
PBIT / Share (Rs.) -9.07-1.49
PBT / Share (Rs.) 25.77-2.25
Net Profit / Share (Rs.) 15.66-2.00
NP After MI And SOA / Share (Rs.) 15.66-2.00
PBDIT Margin (%) -1.40-1.81
PBIT Margin (%) -4.87-5.65
PBT Margin (%) 13.84-8.54
Net Profit Margin (%) 8.41-7.57
NP After MI And SOA Margin (%) 8.41-7.57
Return on Networth / Equity (%) 22.39-3.16
Return on Capital Employeed (%) -7.14-1.24
Return On Assets (%) 8.13-0.94
Long Term Debt / Equity (X) 0.620.70
Total Debt / Equity (X) 0.871.27
Asset Turnover Ratio (%) 0.730.00
Current Ratio (X) 0.660.44
Quick Ratio (X) 0.470.24
Inventory Turnover Ratio (X) 5.980.00
Interest Coverage Ratio (X) -0.44-0.62
Interest Coverage Ratio (Post Tax) (X) -3.28-1.63
Enterprise Value (Cr.) 102.920.00
EV / Net Operating Revenue (X) 0.510.00
EV / EBITDA (X) -36.550.00
MarketCap / Net Operating Revenue (X) 0.200.00
Price / BV (X) 0.540.00
Price / Net Operating Revenue (X) 0.200.00
EarningsYield 0.400.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Balkrishna Paper Mills Ltd. is a Public Limited Listed company incorporated on 29/06/2013 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L21098MH2013PLC244963 and registration number is 244963. Currently company belongs to the Industry of Paper & Paper Products. Company's Total Operating Revenue is Rs. 2.32 Cr. and Equity Capital is Rs. 32.22 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Paper & Paper ProductsA/7, Trade World, Kamala City, Mumbai Maharashtra 400013Contact not found
Management
NamePosition Held
Mr. Anurag P PoddarChairman & Managing Director
Mr. Manish O MalpaniWholeTime Director & CFO
Prof. (Dr) Mangesh D TeliIndependent Director
Mr. Ashok N GarodiaIndependent Director
Mrs. Saumya A BagrodiaNon Exe.Non Ind.Director
Mr. Dileep H ShindeIndependent Director

FAQ

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

As of 05 April 2026, Balkrishna Paper Mills Ltd's intrinsic value is ₹56.56, which is 301.13% higher than the current market price of ₹14.10, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (%), book value (₹53.5), dividend yield (0.00 %), and 5-year EPS CAGR.

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

Balkrishna Paper Mills Ltd is trading at ₹14.10 as of 05 April 2026, with a FY2026-2027 high of ₹27.0 and low of ₹11.3. The stock is currently near its 52-week low. Market cap stands at ₹46.0 Cr..

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

Balkrishna Paper Mills Ltd has a P/E ratio of , which is below the industry average of 25.25. This is broadly in line with or below the industry average.

Is Balkrishna Paper Mills Ltd financially healthy?

Key indicators for Balkrishna Paper Mills Ltd: ROCE of % is on the lower side compared to the industry average of 9.32%; ROE of % is below ideal levels (industry average: 134.80%). Dividend yield is 0.00 %.

Is Balkrishna Paper Mills Ltd profitable and how is the profit trend?

Balkrishna Paper Mills Ltd reported a net profit of ₹8 Cr in Mar 2025 on revenue of ₹2 Cr. Compared to ₹-5 Cr in Mar 2022, the net profit shows an improving trend.

Does Balkrishna Paper Mills Ltd pay dividends?

Balkrishna Paper Mills Ltd has a dividend yield of 0.00 % at the current price of ₹14.10. The company is currently not paying meaningful dividends.

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 Balkrishna Paper Mills 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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