Ballarpur Industries Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹4.92Undervalued by 478.82%vs CMP ₹0.85

P/E (15.0) × ROE (12.8%) × BV (₹3.14) × DY (2.00%)

Defaults: P/E=15

₹12.64Undervalued by 1,387.06%vs CMP ₹0.85
MoS: +93.3% (Strong)Confidence: 49/100 (Moderate)Models: 4 Under, 1 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹8.4532%Under (+894.1%)
Earnings PowerEarnings₹36.3019%Under (+4170.6%)
Net Asset ValueAssets₹3.1519%Under (+270.6%)
ROCE CapitalReturns₹15.2616%Under (+1695.3%)
Revenue MultipleRevenue₹0.1514%Over (-82.4%)
Consensus (5 models)₹12.64100%Undervalued
Key Drivers: EPS CAGR 71.7% lifts DCF — verify sustainability. | Wide model spread (₹0–₹36) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 71.7% · Defaults: P/E=15

*Investments are subject to market risks

Analyst Summary

Ballarpur Industries Ltd operates in the Paper & Paper Products segment, NSE: BALLARPUR | BSE: 500102, current market price is ₹0.85, market cap is 110 Cr.. At a glance, ROE is 12.8 %, ROCE is 1.75 %, book value is 3.14, dividend yield is 0.00 %. The latest intrinsic value estimate is ₹12.64, which is about 1,387.1% above the current price, so the page currently reads as potentially undervalued rather than fully priced. On operating trend, latest reported sales are about ₹19 Cr versus the prior period change of 111.1%, while latest net profit is about ₹-67 Cr with a prior-period change of 73.5%. The 52-week range shown on this page is /, which helps frame where the current quote sits within its recent trading band. Business context: About the CompanyBallarpur Industries Ltd. is a Public Limited Listed company incorporated on 26/04/1945 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L21010MH1945PLC0103…

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

Investment Snapshot

40
Ballarpur Industries Ltd scores 40/100 (Weak)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health38/100 · Weak
ROCE 1.8% WeakROE 12.8% GoodD/E -2.88 Low debtInterest Coverage 0.0x RiskyProfitable 1/5 years Inconsistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 51.0% Stable
Earnings Quality55/100 · Moderate
OPM expanding (-2,798% → -118%) ImprovingWorking capital: 7,760 days Capital intensive
Quarterly Momentum25/100 · Weak
Revenue (4Q): -65% YoY DecliningOPM: -875.0% (down 820.0% YoY) Margin pressure
Industry Rank30/100 · Weak
ROCE 1.8% vs industry 9.3% Below peersROE 12.8% vs industry 134.8% Below peers

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.

Share Price and Basic Stock Data

Last Updated: December 3, 2025, 8:41 pm

Market Cap 110 Cr.
Current Price 0.85
Intrinsic Value₹12.64
High / Low /
Stock P/E
Book Value 3.14
Dividend Yield0.00 %
ROCE1.75 %
ROE12.8 %
Face Value 2.00
PEG Ratio0.00

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

View Share Price Target for Ballarpur Industries Ltd

Competitors

Stock Name Market Cap Current Price High / Low Stock P/E Book Value Dividend Yield ROCE ROE Face Value
Ballarpur Industries Ltd 110 Cr. 0.85 / 3.140.00 %1.75 %12.8 % 2.00
Star Paper Mills Ltd 222 Cr. 140 190/1165.69 4492.49 %7.76 %5.91 % 10.0
Shreyans Industries Ltd 229 Cr. 166 268/1226.46 3181.80 %16.3 %12.6 % 10.0
Genus Paper & Boards Ltd 349 Cr. 13.4 22.0/8.6537.0 20.30.00 %4.73 %0.61 % 1.00
Fundamental Analysis of Ruchira Papers Ltd 400 Cr. 134164/91.15.85 1383.76 %24.0 %19.7 % 10.0
Industry Average789.00 Cr78.0828.65107.280.77%9.32%134.80%6.50

All Competitor Stocks of Ballarpur Industries Ltd

Quarterly Result

MetricSep 2019Dec 2019Mar 2020Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 108592000181041322
Expenses 10681454625129778916
Operating Profit 2-22-435-6-2-4-42-2-6-5-7-15
OPM % 2%-38%-2,222%-426%-44%17%-55%-563%-185%-386%-875%
Other Income 4-34922000-191019-1200
Interest 4040327210111111129111415
Depreciation 1616-23333332222
Profit before tax -50-427-738-11-15-18-209-12-16-8-30-23-32
Tax % 0%0%0%0%0%0%0%0%0%0%0%0%0%
Net Profit -50-427-738-11-15-18-209-12-16-8-30-23-32
EPS in Rs -0.38-3.30-5.70-0.09-0.11-0.14-1.61-0.09-0.13-0.06-0.23-0.18-0.25

Last Updated: January 2, 2026, 8:02 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 23, 2026, 1:16 pm

MetricJun 2014Mar 2015n n 9mMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 95045156221630345530220091917
Expenses 819383485531338474751342213253071
Operating Profit 1316876-315-35-19-449-32-21-13-16-11-54
OPM % 14%15%14%-146%-11%-4%-149%-1,367%-5,595%-174%-61%-315%
Other Income 41109-185-119-311-3201-1,3774,983-190-2-12
Interest 5436108153244242472487478479354354
Depreciation 7244585360634656533811108
Profit before tax 10-1120-705-457-636-1,287-575-1,9284,453-253-67-127
Tax % -247%-181%-9%-4%-32%0%0%0%0%0%0%0%
Net Profit 35922-680-311-636-1,287-575-1,9284,453-253-67-127
EPS in Rs 0.540.140.33-10.37-2.41-4.91-9.95-4.44-14.9134.43-1.95-0.52-0.99
Dividend Payout % 37%147%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-3190.91%54.26%-104.50%-102.36%55.32%-235.30%330.96%-105.68%73.52%
Change in YoY Net Profit Growth (%)0.00%3245.17%-158.77%2.14%157.68%-290.63%566.27%-436.65%179.20%

Ballarpur Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 9 years from 2016-2017 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:-27%
5 Years:-43%
3 Years:266%
TTM:-49%
Compounded Profit Growth
10 Years:%
5 Years:14%
3 Years:24%
TTM:-38%
Stock Price CAGR
10 Years:-24%
5 Years:-10%
3 Years:-11%
1 Year:%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:-13%

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

Balance Sheet

Last Updated: January 7, 2026, 3:26 pm

MonthJun 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 131131131131259259259259259555555
Reserves 1,4861,4791,545-40526-193-1,481-3,984469465407352
Borrowings 1,0021,0311,9742,5131,6911,6561,6943,277532588688764
Other Liabilities 3283171,2682,0791,6321,8483,1983,1949889102132
Total Liabilities 2,9472,9584,9184,6834,1073,5693,6702,7461,3581,1981,2521,303
Fixed Assets 1,2461,2602,6332,3692,6091,7821,7881,232605593584579
CWIP 13316029931313100083150
Investments 8148141,0651,0651,05894693000000
Other Assets 7547249219364408399521,514754604585574
Total Assets 2,9472,9584,9184,6834,1073,5693,6702,7461,3581,1981,2521,303

Reserves and Borrowings Chart

Cash Flow

MonthJun 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 54103-185-533422819-1,7994734,213-70-35
Cash from Investing Activity + -81-63-34346-12130000-4-73
Cash from Financing Activity + 29-38577433-22-46-221,798-473-4,2137784
Net Cash Flow 2249-547-5-2-1-0-03-24
Free Cash Flow -4619-293-502234016-1,7994734,213-50-118
CFO/OP 47%68%-241%176%-54%-127%-4%5,601%-2,226%-32,013%442%300%

Free Cash Flow

MonthJun 2014Mar 2015n n 9mMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow130.0068.0075.00-317.00-36.00-20.00-450.00-32.00-24.00-545.00-604.00-699.00

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

MonthJun 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 8017510989021
Inventory Days 2356084231,03319711142727
Days Payable 89247186377734465593215
Cash Conversion Cycle 225537247665-528-345-5522513
Working Capital Days -48-97-296-2,010-2,415-1,908-3,71519,1827,760
ROCE %3%1%3%-11%-2%-1%-45%-2%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 0.10%0.10%0.10%0.10%0.10%51.00%51.00%51.00%51.00%51.00%51.00%51.00%
FIIs 0.63%0.63%0.63%0.63%0.63%0.05%0.05%0.05%0.05%0.05%0.05%0.05%
DIIs 20.54%20.54%20.54%20.54%20.54%3.97%3.97%3.97%3.97%3.97%3.97%3.97%
Public 78.74%78.74%78.74%78.74%78.74%44.97%44.97%44.97%44.97%44.97%44.97%44.97%
No. of Shareholders 1,17,5981,16,3511,16,3371,16,3251,16,32567,15767,15367,15367,15167,15167,15167,151

Shareholding Pattern Chart

No. of Shareholders

Ballarpur Industries 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 25Mar 23Mar 22Mar 21Mar 20
FaceValue 2.002.002.002.002.00
Basic EPS (Rs.) -45.3935.60-0.79-8.54-14.89
Diluted EPS (Rs.) -45.3935.60-0.79-8.54-14.89
Cash EPS (Rs.) -7.0134.084.01-8.85-17.43
Book Value[Excl.RevalReserv]/Share (Rs.) -4.346.44-28.27-26.41-17.50
Book Value[Incl.RevalReserv]/Share (Rs.) -4.346.44-28.27-26.41-17.50
Revenue From Operations / Share (Rs.) 0.670.000.0015.8925.31
PBDIT / Share (Rs.) 0.20-0.08-1.380.284.89
PBIT / Share (Rs.) -0.17-0.37-1.79-1.473.09
PBT / Share (Rs.) -7.3933.793.60-10.66-15.90
Net Profit / Share (Rs.) -7.3933.793.60-10.61-19.23
NP After MI And SOA / Share (Rs.) -9.0835.60-0.79-8.54-14.61
PBDIT Margin (%) 30.120.00-46978.941.7919.32
PBIT Margin (%) -25.630.00-60813.15-9.2412.21
PBT Margin (%) -1091.320.00122521.05-67.07-62.79
Net Profit Margin (%) -1091.320.00122521.05-66.75-75.95
NP After MI And SOA Margin (%) -1341.430.00-26976.31-53.76-57.71
Return on Networth / Equity (%) 0.00552.510.000.000.00
Return on Capital Employeed (%) -0.28-2.1824.5215.8220.24
Return On Assets (%) -3.4564.33-1.29-16.32-18.38
Long Term Debt / Equity (X) -4.880.00-0.07-0.07-2.26
Total Debt / Equity (X) -17.202.22-1.08-1.15-2.88
Asset Turnover Ratio (%) 0.000.000.000.240.30
Current Ratio (X) 0.260.310.250.280.43
Quick Ratio (X) 0.260.300.250.280.38
Inventory Turnover Ratio (X) 0.000.000.029.384.01
Interest Coverage Ratio (X) 0.02-0.01-0.320.030.56
Interest Coverage Ratio (Post Tax) (X) -0.02-0.08-0.41-0.150.32

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company

Ballarpur Industries Ltd. is a Public Limited Listed company incorporated on 26/04/1945 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L21010MH1945PLC010337 and registration number is 010337. Currently Company is involved in the business activities of Manufacture of pulp, paper and paperboard. Company’s Total Operating Revenue is Rs. 299.65 Cr. and Equity Capital is Rs. 258.71 Cr. for the Year ended 31/03/2020.
INDUSTRYADDRESSCONTACT
Paper & Paper ProductsP.O. Ballarpur Paper Mills, Chandrapur District Maharashtra 442901sectdiv@bilt.com
http://www.bilt.com
Management
NamePosition Held
Mr. R R VederahNon Executive Vice Chairman
Mr. B HariharanGroup Director - Finance
Mr. A S DulatDirector
Mr. Sudhir MathurDirector
Dr. Padmakumar NairIndependent Director
Ms. Yashashree GurjarNon Exe.Non Ind.Director

Ballarpur Industries Ltd. Share Price Update

Share PriceValue
Today₹0.86
Previous Day₹0.86

FAQ

What is the intrinsic value of Ballarpur Industries Ltd and is it undervalued?

As of 10 May 2026, Ballarpur Industries Ltd's intrinsic value is ₹12.64, which is 1387.06% higher than the current market price of ₹0.85, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (12.8 %), book value (₹3.14), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Ballarpur Industries Ltd?

Ballarpur Industries Ltd is trading at ₹0.85 as of 10 May 2026, with a FY2026-2027 high of ₹ and low of ₹. Market cap stands at ₹110 Cr..

How does Ballarpur Industries Ltd's P/E ratio compare to its industry?

Ballarpur Industries Ltd has a P/E ratio of , which is below the industry average of 28.65. This is broadly in line with or below the industry average.

Is Ballarpur Industries Ltd financially healthy?

Key indicators for Ballarpur Industries Ltd: ROCE of 1.75 % is on the lower side compared to the industry average of 9.32%. Dividend yield is 0.00 %.

Is Ballarpur Industries Ltd profitable and how is the profit trend?

Ballarpur Industries Ltd reported a net profit of ₹-67 Cr in Mar 2025 on revenue of ₹19 Cr. Compared to ₹-1,928 Cr in Mar 2022, the net profit shows a mixed trend.

Does Ballarpur Industries Ltd pay dividends?

Ballarpur Industries Ltd has a dividend yield of 0.00 % at the current price of ₹0.85. The company is currently not paying meaningful dividends.

Last Updated: December 3, 2025, 8:41 pm
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 500102 | NSE: BALLARPUR
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 Ballarpur Industries 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