Star Paper Mills Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: April 25, 2025, 9:27 pm

Market Cap	262 Cr.
Current Price	168
High / Low	284/146
Stock P/E	5.20
Book Value	428
Dividend Yield	2.38 %
ROCE	13.4 %
ROE	10.5 %
Face Value	10.0
PEG Ratio	0.22

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Star Paper Mills Ltd

Competitors of Star Paper Mills Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Mohit Paper Mills Ltd	43.6 Cr.	31.1	50.0/25.4	6.27	34.5	0.00 %	12.2 %	15.6 %	10.0
Gratex Industries Ltd	4.83 Cr.	15.9	28.4/15.9	53.6	11.6	0.00 %	4.54 %	3.18 %	10.0
Ganga Papers India Ltd	110 Cr.	102	140/86.6	72.4	27.6	0.00 %	6.93 %	5.22 %	10.0
Encode Packaging India Ltd	4.10 Cr.	13.0	19.0/10.9		10.4	0.00 %	3.24 %	3.65 %	10.0
Cella Space Ltd	24.5 Cr.	12.2	16.7/9.11	26.3	10.3	0.00 %	10.7 %	%	10.0
Industry Average	771.67 Cr	83.13		29.04	104.85	0.81%	13.55%	12.23%	6.50

All Competitor Stocks of Star Paper Mills Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	93.19	112.90	119.03	134.49	115.75	123.41	123.57	105.66	114.81	100.43	113.85	110.91	97.48
Expenses	83.15	102.89	103.17	110.45	90.52	108.81	101.02	90.39	101.02	94.98	104.03	101.88	89.69
Operating Profit	10.04	10.01	15.86	24.04	25.23	14.60	22.55	15.27	13.79	5.45	9.82	9.03	7.79
OPM %	10.77%	8.87%	13.32%	17.87%	21.80%	11.83%	18.25%	14.45%	12.01%	5.43%	8.63%	8.14%	7.99%
Other Income	2.90	8.30	3.52	3.17	-5.71	8.48	3.99	8.49	7.08	10.55	8.24	10.06	4.50
Interest	0.16	-0.00	0.13	0.12	0.11	0.20	0.11	0.19	0.19	0.34	0.23	0.23	0.26
Depreciation	1.37	1.41	1.28	1.31	1.30	1.39	1.32	1.38	1.38	1.37	1.37	1.39	1.38
Profit before tax	11.41	16.90	17.97	25.78	18.11	21.49	25.11	22.19	19.30	14.29	16.46	17.47	10.65
Tax %	36.99%	-5.38%	14.97%	17.77%	29.65%	23.45%	21.43%	31.55%	23.52%	-0.07%	15.55%	16.94%	27.51%
Net Profit	7.20	17.81	15.28	21.20	12.74	16.45	19.74	15.19	14.76	14.31	13.91	14.52	7.71
EPS in Rs	4.61	11.41	9.79	13.58	8.16	10.54	12.65	9.73	9.46	9.17	8.91	9.30	4.94

Last Updated: March 4, 2025, 3:16 pm

Below is a detailed analysis of the quarterly data for Star Paper Mills Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is 97.48 Cr.. The value appears to be declining and may need further review. It has decreased from 110.91 Cr. (Sep 2024) to 97.48 Cr., marking a decrease of 13.43 Cr..
For Expenses, as of Dec 2024, the value is 89.69 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 101.88 Cr. (Sep 2024) to 89.69 Cr., marking a decrease of 12.19 Cr..
For Operating Profit, as of Dec 2024, the value is 7.79 Cr.. The value appears to be declining and may need further review. It has decreased from 9.03 Cr. (Sep 2024) to 7.79 Cr., marking a decrease of 1.24 Cr..
For OPM %, as of Dec 2024, the value is 7.99%. The value appears to be declining and may need further review. It has decreased from 8.14% (Sep 2024) to 7.99%, marking a decrease of 0.15%.
For Other Income, as of Dec 2024, the value is 4.50 Cr.. The value appears to be declining and may need further review. It has decreased from 10.06 Cr. (Sep 2024) to 4.50 Cr., marking a decrease of 5.56 Cr..
For Interest, as of Dec 2024, the value is 0.26 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 0.23 Cr. (Sep 2024) to 0.26 Cr., marking an increase of 0.03 Cr..
For Depreciation, as of Dec 2024, the value is 1.38 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 1.39 Cr. (Sep 2024) to 1.38 Cr., marking a decrease of 0.01 Cr..
For Profit before tax, as of Dec 2024, the value is 10.65 Cr.. The value appears to be declining and may need further review. It has decreased from 17.47 Cr. (Sep 2024) to 10.65 Cr., marking a decrease of 6.82 Cr..
For Tax %, as of Dec 2024, the value is 27.51%. The value appears to be increasing, which may not be favorable. It has increased from 16.94% (Sep 2024) to 27.51%, marking an increase of 10.57%.
For Net Profit, as of Dec 2024, the value is 7.71 Cr.. The value appears to be declining and may need further review. It has decreased from 14.52 Cr. (Sep 2024) to 7.71 Cr., marking a decrease of 6.81 Cr..
For EPS in Rs, as of Dec 2024, the value is 4.94. The value appears to be declining and may need further review. It has decreased from 9.30 (Sep 2024) to 4.94, marking a decrease of 4.36.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 6, 2025, 2:46 pm

Metric	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	273	275	271	272	324	347	378	341	233	331	493	444	423
Expenses	290	283	256	246	253	274	328	293	212	299	412	387	391
Operating Profit	-17	-8	15	27	71	72	49	48	21	32	80	57	32
OPM %	-6%	-3%	5%	10%	22%	21%	13%	14%	9%	10%	16%	13%	8%
Other Income	1	-2	1	1	2	5	7	7	9	18	9	30	33
Interest	5	5	3	3	1	1	1	1	1	0	1	1	1
Depreciation	11	11	5	4	4	4	4	5	5	5	5	5	6
Profit before tax	-32	-26	8	21	68	72	52	49	25	44	83	81	59
Tax %	-6%	-15%	-107%	20%	11%	25%	-3%	24%	30%	17%	21%	21%
Net Profit	-30	-22	16	16	60	54	53	37	18	37	66	64	50
EPS in Rs	-18.93	-14.15	9.96	10.57	38.67	34.76	34.08	23.88	11.22	23.48	42.07	41.00	32.32
Dividend Payout %	0%	0%	0%	0%	5%	7%	7%	10%	22%	15%	12%	10%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	26.67%	172.73%	0.00%	275.00%	-10.00%	-1.85%	-30.19%	-51.35%	105.56%	78.38%	-3.03%
Change in YoY Net Profit Growth (%)	0.00%	146.06%	-172.73%	275.00%	-285.00%	8.15%	-28.34%	-21.16%	156.91%	-27.18%	-81.41%

Star Paper Mills Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	5%
5 Years:	3%
3 Years:	24%
TTM:	-10%

Compounded Profit Growth
10 Years:	19%
5 Years:	5%
3 Years:	56%
TTM:	-28%

Stock Price CAGR
10 Years:	24%
5 Years:	12%
3 Years:	-3%
1 Year:	-30%

Return on Equity
10 Years:	11%
5 Years:	9%
3 Years:	10%
Last Year:	11%

Last Updated: Unknown

Balance Sheet

Last Updated: December 14, 2024, 2:42 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	16	16	16	16	16	16	16	16	16	16	16	16	16
Reserves	39	17	31	48	337	390	440	473	486	519	579	632	653
Borrowings	20	20	14	7	4	2	1	0	1	1	0	5	5
Other Liabilities	112	117	109	106	157	154	135	142	147	136	134	137	148
Total Liabilities	186	170	170	176	514	562	592	630	650	672	728	790	822
Fixed Assets	100	91	86	85	404	405	410	412	415	415	414	425	425
CWIP	2	1	1	1	2	7	4	7	6	3	3	3	3
Investments	36	32	32	32	46	78	81	89	94	113	47	194	227
Other Assets	48	46	51	58	61	71	96	122	135	141	265	167	167
Total Assets	186	170	170	176	514	562	592	630	650	672	728	790	822

Below is a detailed analysis of the balance sheet data for Star Paper Mills Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹16.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 16.00 Cr..
For Reserves, as of Sep 2024, the value is ₹653.00 Cr.. The value appears strong and on an upward trend. It has increased from 632.00 Cr. (Mar 2024) to ₹653.00 Cr., marking an increase of 21.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹5.00 Cr.. The value remains steady. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. There is no change compared to the previous period (Mar 2024) which recorded 5.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹148.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 137.00 Cr. (Mar 2024) to ₹148.00 Cr., marking an increase of 11.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹822.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 790.00 Cr. (Mar 2024) to ₹822.00 Cr., marking an increase of 32.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹425.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 425.00 Cr..
For CWIP, as of Sep 2024, the value is ₹3.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 3.00 Cr..
For Investments, as of Sep 2024, the value is ₹227.00 Cr.. The value appears strong and on an upward trend. It has increased from 194.00 Cr. (Mar 2024) to ₹227.00 Cr., marking an increase of 33.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹167.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 167.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹822.00 Cr.. The value appears strong and on an upward trend. It has increased from 790.00 Cr. (Mar 2024) to ₹822.00 Cr., marking an increase of 32.00 Cr..

Notably, the Reserves (653.00 Cr.) exceed the Borrowings (5.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	4	3	15	12	39	36	31	18	29	19	47	26
Cash from Investing Activity +	0	1	-0	-3	-35	-31	-28	-4	-25	-13	-41	-9
Cash from Financing Activity +	-5	-4	-10	-10	-3	-7	-5	-8	-5	-5	-6	-9
Net Cash Flow	-0	-0	5	-1	1	-2	-2	5	-2	0	-1	7

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-37.00	-28.00	1.00	20.00	67.00	70.00	48.00	48.00	20.00	31.00	80.00	52.00

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 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	10	9	9	14	8	8	7	4	1	7	2	3
Inventory Days	87	61	70	90	113	144	131	224	294	189	179	219
Days Payable	210	176	211	205	148	136	105	124	112	73	57	46
Cash Conversion Cycle	-114	-107	-133	-102	-27	16	33	104	182	122	124	176
Working Capital Days	-48	-61	-64	-43	-14	-0	14	40	42	44	44	63
ROCE %	-30%	-28%	19%	36%	32%	19%	12%	10%	5%	9%	17%	13%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters	45.17%	45.17%	45.17%	45.17%	44.93%	44.93%	44.93%	44.93%	44.93%	44.93%	44.93%	44.93%
FIIs	0.02%	0.18%	0.13%	1.70%	2.26%	1.73%	1.77%	1.89%	1.84%	1.70%	1.70%	1.71%
DIIs	0.02%	0.01%	0.02%	0.01%	0.00%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	54.79%	54.64%	54.68%	53.12%	52.82%	53.32%	53.30%	53.17%	53.24%	53.37%	53.37%	53.37%
No. of Shareholders	26,691	25,445	24,826	23,015	21,946	20,975	20,501	19,813	20,272	19,320	17,494	16,746

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	41.01	42.08	23.48	11.22	23.88
Diluted EPS (Rs.)	41.01	42.08	23.48	11.22	23.88
Cash EPS (Rs.)	44.49	45.46	26.91	14.57	27.18
Book Value[Excl.RevalReserv]/Share (Rs.)	414.70	380.83	342.65	321.55	312.84
Book Value[Incl.RevalReserv]/Share (Rs.)	414.70	380.83	342.65	321.55	312.84
Dividend / Share (Rs.)	4.00	5.00	3.50	2.50	2.50
Revenue From Operations / Share (Rs.)	284.77	315.66	211.77	149.52	218.47
PBDIT / Share (Rs.)	57.01	64.99	32.05	19.66	35.21
PBIT / Share (Rs.)	53.52	61.61	28.62	16.31	31.90
PBT / Share (Rs.)	51.83	53.40	28.32	15.94	31.49
Net Profit / Share (Rs.)	41.01	42.08	23.48	11.22	23.88
PBDIT Margin (%)	20.01	20.58	15.13	13.15	16.11
PBIT Margin (%)	18.79	19.51	13.51	10.91	14.60
PBT Margin (%)	18.20	16.91	13.37	10.66	14.41
Net Profit Margin (%)	14.39	13.32	11.08	7.50	10.92
Return on Networth / Equity (%)	9.88	11.04	6.85	3.49	7.63
Return on Capital Employeed (%)	11.34	14.26	7.21	4.30	8.61
Return On Assets (%)	8.10	9.01	5.45	2.69	5.91
Asset Turnover Ratio (%)	0.58	0.70	0.49	0.36	0.55
Current Ratio (X)	6.20	5.25	4.27	3.43	3.50
Quick Ratio (X)	4.03	3.49	2.84	2.13	1.98
Inventory Turnover Ratio (X)	2.09	2.56	1.93	1.13	2.16
Dividend Payout Ratio (NP) (%)	12.19	8.31	10.64	22.27	12.68
Dividend Payout Ratio (CP) (%)	11.23	7.69	9.28	17.15	11.14
Earning Retention Ratio (%)	87.81	91.69	89.36	77.73	87.32
Cash Earning Retention Ratio (%)	88.77	92.31	90.72	82.85	88.86
Interest Coverage Ratio (X)	106.23	181.33	105.66	52.95	84.84
Interest Coverage Ratio (Post Tax) (X)	79.56	140.31	78.40	31.22	58.53
Enterprise Value (Cr.)	324.23	85.32	208.89	146.80	87.26
EV / Net Operating Revenue (X)	0.72	0.17	0.63	0.62	0.25
EV / EBITDA (X)	3.64	0.84	4.18	4.78	1.59
MarketCap / Net Operating Revenue (X)	0.78	0.46	0.74	0.80	0.32
Retention Ratios (%)	87.80	91.68	89.35	77.72	87.31
Price / BV (X)	0.53	0.38	0.46	0.37	0.22
Price / Net Operating Revenue (X)	0.78	0.46	0.74	0.80	0.32
EarningsYield	0.18	0.28	0.14	0.09	0.33

After reviewing the key financial ratios for Star Paper Mills Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 10.00.
For Basic EPS (Rs.), as of Mar 24, the value is 41.01. This value is within the healthy range. It has decreased from 42.08 (Mar 23) to 41.01, marking a decrease of 1.07.
For Diluted EPS (Rs.), as of Mar 24, the value is 41.01. This value is within the healthy range. It has decreased from 42.08 (Mar 23) to 41.01, marking a decrease of 1.07.
For Cash EPS (Rs.), as of Mar 24, the value is 44.49. This value is within the healthy range. It has decreased from 45.46 (Mar 23) to 44.49, marking a decrease of 0.97.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 414.70. It has increased from 380.83 (Mar 23) to 414.70, marking an increase of 33.87.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 414.70. It has increased from 380.83 (Mar 23) to 414.70, marking an increase of 33.87.
For Dividend / Share (Rs.), as of Mar 24, the value is 4.00. This value exceeds the healthy maximum of 3. It has decreased from 5.00 (Mar 23) to 4.00, marking a decrease of 1.00.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 284.77. It has decreased from 315.66 (Mar 23) to 284.77, marking a decrease of 30.89.
For PBDIT / Share (Rs.), as of Mar 24, the value is 57.01. This value is within the healthy range. It has decreased from 64.99 (Mar 23) to 57.01, marking a decrease of 7.98.
For PBIT / Share (Rs.), as of Mar 24, the value is 53.52. This value is within the healthy range. It has decreased from 61.61 (Mar 23) to 53.52, marking a decrease of 8.09.
For PBT / Share (Rs.), as of Mar 24, the value is 51.83. This value is within the healthy range. It has decreased from 53.40 (Mar 23) to 51.83, marking a decrease of 1.57.
For Net Profit / Share (Rs.), as of Mar 24, the value is 41.01. This value is within the healthy range. It has decreased from 42.08 (Mar 23) to 41.01, marking a decrease of 1.07.
For PBDIT Margin (%), as of Mar 24, the value is 20.01. This value is within the healthy range. It has decreased from 20.58 (Mar 23) to 20.01, marking a decrease of 0.57.
For PBIT Margin (%), as of Mar 24, the value is 18.79. This value is within the healthy range. It has decreased from 19.51 (Mar 23) to 18.79, marking a decrease of 0.72.
For PBT Margin (%), as of Mar 24, the value is 18.20. This value is within the healthy range. It has increased from 16.91 (Mar 23) to 18.20, marking an increase of 1.29.
For Net Profit Margin (%), as of Mar 24, the value is 14.39. This value exceeds the healthy maximum of 10. It has increased from 13.32 (Mar 23) to 14.39, marking an increase of 1.07.
For Return on Networth / Equity (%), as of Mar 24, the value is 9.88. This value is below the healthy minimum of 15. It has decreased from 11.04 (Mar 23) to 9.88, marking a decrease of 1.16.
For Return on Capital Employeed (%), as of Mar 24, the value is 11.34. This value is within the healthy range. It has decreased from 14.26 (Mar 23) to 11.34, marking a decrease of 2.92.
For Return On Assets (%), as of Mar 24, the value is 8.10. This value is within the healthy range. It has decreased from 9.01 (Mar 23) to 8.10, marking a decrease of 0.91.
For Asset Turnover Ratio (%), as of Mar 24, the value is 0.58. It has decreased from 0.70 (Mar 23) to 0.58, marking a decrease of 0.12.
For Current Ratio (X), as of Mar 24, the value is 6.20. This value exceeds the healthy maximum of 3. It has increased from 5.25 (Mar 23) to 6.20, marking an increase of 0.95.
For Quick Ratio (X), as of Mar 24, the value is 4.03. This value exceeds the healthy maximum of 2. It has increased from 3.49 (Mar 23) to 4.03, marking an increase of 0.54.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 2.09. This value is below the healthy minimum of 4. It has decreased from 2.56 (Mar 23) to 2.09, marking a decrease of 0.47.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 12.19. This value is below the healthy minimum of 20. It has increased from 8.31 (Mar 23) to 12.19, marking an increase of 3.88.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 11.23. This value is below the healthy minimum of 20. It has increased from 7.69 (Mar 23) to 11.23, marking an increase of 3.54.
For Earning Retention Ratio (%), as of Mar 24, the value is 87.81. This value exceeds the healthy maximum of 70. It has decreased from 91.69 (Mar 23) to 87.81, marking a decrease of 3.88.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 88.77. This value exceeds the healthy maximum of 70. It has decreased from 92.31 (Mar 23) to 88.77, marking a decrease of 3.54.
For Interest Coverage Ratio (X), as of Mar 24, the value is 106.23. This value is within the healthy range. It has decreased from 181.33 (Mar 23) to 106.23, marking a decrease of 75.10.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 79.56. This value is within the healthy range. It has decreased from 140.31 (Mar 23) to 79.56, marking a decrease of 60.75.
For Enterprise Value (Cr.), as of Mar 24, the value is 324.23. It has increased from 85.32 (Mar 23) to 324.23, marking an increase of 238.91.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 0.72. This value is below the healthy minimum of 1. It has increased from 0.17 (Mar 23) to 0.72, marking an increase of 0.55.
For EV / EBITDA (X), as of Mar 24, the value is 3.64. This value is below the healthy minimum of 5. It has increased from 0.84 (Mar 23) to 3.64, marking an increase of 2.80.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 0.78. This value is below the healthy minimum of 1. It has increased from 0.46 (Mar 23) to 0.78, marking an increase of 0.32.
For Retention Ratios (%), as of Mar 24, the value is 87.80. This value exceeds the healthy maximum of 70. It has decreased from 91.68 (Mar 23) to 87.80, marking a decrease of 3.88.
For Price / BV (X), as of Mar 24, the value is 0.53. This value is below the healthy minimum of 1. It has increased from 0.38 (Mar 23) to 0.53, marking an increase of 0.15.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 0.78. This value is below the healthy minimum of 1. It has increased from 0.46 (Mar 23) to 0.78, marking an increase of 0.32.
For EarningsYield, as of Mar 24, the value is 0.18. This value is below the healthy minimum of 5. It has decreased from 0.28 (Mar 23) to 0.18, marking a decrease of 0.10.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Star Paper Mills Ltd as of April 25, 2025 is: 191.40

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of April 25, 2025, Star Paper Mills Ltd is Undervalued by 13.93% compared to the current share price 168.00

Intrinsic Value of Star Paper Mills Ltd as of April 25, 2025 is: 236.50

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of April 25, 2025, Star Paper Mills Ltd is Undervalued by 40.77% compared to the current share price 168.00

Last 5 Year EPS CAGR: 23.57%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a low average Working Capital Days of 1.42, which is a positive sign. The company has higher reserves (357.23 cr) compared to borrowings (6.15 cr), indicating strong financial stability. The company has shown consistent growth in sales (338.85 cr) and profit (38.77 cr) over the years.	The stock has a low average ROCE of 9.50%, which may not be favorable. The stock has a high average Cash Conversion Cycle of 22.83, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Star Paper Mills Ltd:
1. Net Profit Margin: 14.39%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 11.34% (Industry Average ROCE: 12.32%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 9.88% (Industry Average ROE: 9.45%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 79.56
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 4.03
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 5.2 (Industry average Stock P/E: 18.48)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Star Paper Mills Ltd. is a Public Limited Listed company incorporated on 31/08/1936 and has its registered office in the State of West Bengal, India. Company's Corporate Identification Number(CIN) is L21011WB1936PLC008726 and registration number is 008726. Currently Company is involved in the business activities of Manufacture of paper and paper products. Company's Total Operating Revenue is Rs. 444.47 Cr. and Equity Capital is Rs. 15.61 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Paper & Paper Products	Duncan House, 2nd Floor, Kolkata West Bengal 700001	star.cal@starpapers.com http://www.starpapers.com

Management
Name	Position Held
Mr. G P Goenka	Chairperson Emeritus
Mr. Shiromani Sharma	Chairman & Ind.Director
Mr. Madhukar Mishra	Managing Director
Mr. Shrivardhan Goenka	Non Independent Director
Mrs. Pragya Jhunjhunwala	Non Independent Director
Mr. C M Vasudev	Independent Director
Dr.(Mrs.) Sheela Bhide	Independent Director
Dr. R C Lodha	Independent Director

FAQ

What is the intrinsic value of Star Paper Mills Ltd?

Star Paper Mills Ltd's intrinsic value (as of 25 April 2025) is ₹191.40 — 13.93% higher the current market price of 168.00, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's 262 Cr. market cap, FY2025-2026 high/low of ₹284/146, reserves of 653 Cr, and liabilities of 822 Cr.

What is the Market Cap of Star Paper Mills Ltd?

The Market Cap of Star Paper Mills Ltd is 262 Cr..

What is the current Stock Price of Star Paper Mills Ltd as on 25 April 2025?

The current stock price of Star Paper Mills Ltd as on 25 April 2025 is 168.

What is the High / Low of Star Paper Mills Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Star Paper Mills Ltd stocks is ₹284/146.

What is the Stock P/E of Star Paper Mills Ltd?

The Stock P/E of Star Paper Mills Ltd is 5.20.

What is the Book Value of Star Paper Mills Ltd?

The Book Value of Star Paper Mills Ltd is 428.

What is the Dividend Yield of Star Paper Mills Ltd?

The Dividend Yield of Star Paper Mills Ltd is 2.38 %.

What is the ROCE of Star Paper Mills Ltd?

The ROCE of Star Paper Mills Ltd is 13.4 %.

What is the ROE of Star Paper Mills Ltd?

The ROE of Star Paper Mills Ltd is 10.5 %.

What is the Face Value of Star Paper Mills Ltd?

The Face Value of Star Paper Mills Ltd is 10.0.