Arthneeti

Emami Paper Mills Q2 FY27 Share Price & Earnings Call Analysis

₹115.25+1.06% today
Market cap
₹697 Cr
P/E
5.28
ROE
12.35%
PEG
-1.54
Price to sales
0.32
Debt to equity
1.83
52W high / low
₹123 / ₹56.6
Sales growth (5Y)
9.41%
EBITDA margin
13.88%
Net profit margin
3.26%
Promoter holding
74.97%
Sales (last year)
₹2,147 Cr

Incorporated in 1981, Emami Paper Mills Ltd manufactures writing and printing paper, newsprint, and also packaging boards[1]

Potential multibaggers · Q2 FY27

This quarter's potential multibaggers
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Emami Paper rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Financials of Emami Paper

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Emami Paper

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +74.98%74.98%74.98%74.98%74.98%74.98%74.98%74.97%74.97%74.97%74.97%74.97%
FIIs +0.50%0.50%0.50%0.57%0.56%0.55%0.54%0.53%0.53%0.53%0.54%0.52%
DIIs +3.81%3.01%1.03%0.58%0.00%0.00%0.00%0.04%0.07%0.06%0.00%0.00%
Public +20.71%21.51%23.49%23.88%24.48%24.47%24.48%24.45%24.42%24.44%24.49%24.51%
No. of Shareholders13,08714,40916,32519,21121,27521,13820,91620,19119,65019,28319,12219,036

Financials of Emami Paper

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +437515484504495454475460451500496560590
Expenses +385434414460458424444422414440434477497
Operating Profit52817043373031383660628393
OPM %12%16%14%9%8%7%7%8%8%12%13%15%16%
Other Income +012111225-21501
Interest17161614151716171718161720
Depreciation12132113131313131414141314
Profit before tax22533517102491026475361
Tax %26%25%23%27%25%5%2%33%35%36%34%28%27%
Net Profit +163927138246717323944
EPS in Rs2.716.514.492.121.250.280.651.041.092.815.216.387.34

Financials of Emami Paper

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +5215391,1401,3561,5381,5151,2161,9582,3811,9941,9281,9072,147
Expenses +4704911,0121,1951,3001,3071,0381,6442,1591,7581,7861,7111,849
Operating Profit5147128161239209178314222236142196298
OPM %10%9%11%12%16%14%15%16%9%12%7%10%14%
Other Income +8624114-2392-42342015
Interest1516708410711795836367616870
Depreciation27275664697372746860525554
Profit before tax1711262466-5103153931123393188
Tax %30%-158%27%32%34%131%50%25%26%25%22%34%
Net Profit +1228191644-105111569842661132
EPS in Rs2.014.613.152.717.27-1.738.4418.9811.4313.934.3010.1521.74
Dividend Payout %30%13%19%44%16%0%0%8%14%11%37%32%

Financials of Emami Paper

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital12121212121212121212121212
Reserves359376222231246207284397443518499484498
Borrowings +8971,1351,3921,5301,5481,4011,1511,0291,102850936897933
Other Liabilities +142134186191305298341340419334361430450
Total Liabilities1,4091,6581,8121,9642,1111,9181,7881,7791,9761,7141,8081,8221,892
Fixed Assets +4481,1951,2201,2821,2971,2981,2251,1611,1481,0851,0591,0311,015
CWIP62055910310314104512
Investments115656442454493945593938
Other Assets +341458532618667595509538785574686748827
Total Assets1,4091,6581,8121,9642,1111,9181,7881,7791,9761,7141,8081,8221,892

Financials of Emami Paper

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +38-80-15692753132463293235144197
Cash from Investing Activity +-419-102-60-124-15731-7-34-24-10-17-26
Cash from Financing Activity +3071673039-123-335-246-307-9-336-32-172
Net Cash Flow-74-14-45-16-410-7-12-05-50
Free Cash Flow-399-194-78-57118274238294834026168
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit80%-163%-8%47%121%151%137%105%23%153%36%107%

Financials of Emami Paper

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days317048605050604140484552
Inventory Days136192117111133111108679169103114
Days Payable838442367576884746334258
Cash Conversion Cycle841781231351078680618484106109
Working Capital Days-53-93-38-29-56-68-77-20-101413
ROCE %2%2%6%6%10%8%8%17%10%12%7%11%
38out of 100

Momentum score · price trend

38 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months+15.4%71%
Last 6 months+41.1%87%
Last 3 months−0.7%66%

The price is 57.3% below its all-time high of ₹267.25 (7 Sept 2018). Stocks more than 20% below their peak have their score halved, so 77 became 38.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Emami Paper: 0.4 × 71 + 0.4 × 87 + 0.2 × 66 = 77, halved to 38 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 2 Nov 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Emami Paper's management said in earlier quarters

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