Kuantum Papers Q2 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹565 Cr
- P/E
- 15.66
- ROE
- 3.45%
- PEG
- -0.41
- Price to sales
- 0.48
- Debt to equity
- 0.71
- 52W high / low
- ₹108 / ₹64.8
- Sales growth (5Y)
- 22.04%
- EBITDA margin
- 13.76%
- Net profit margin
- 3.85%
- Promoter holding
- 70.31%
- Sales (last year)
- ₹1,174 Cr
Incorporated in 1980, Kuantum Papers is in the business of production and marketing of wood-free writing and printing paper. The Co. is one of the largest fully integrated Agro-based paper manufacturers in India committed to manufacturing wood-free, high-quality maplitho, cream wove, copier and specialty paper. [1][2]
Guidance scorecard · Q2 FY27 call
What Kuantum Papers Ltd's management guided
and where it ranks in Paper, Forest & Jute Products
Paper, Forest & Jute Products
RevenueQ1 FY27 call
10–20%- FY27 revenue guidance is around INR1,300 crores plus, with an expectation to grow to INR1,400-1,500 crores by next year (FY28).
- Conservative projection for FY29-FY30 includes INR1,500 crores top-line revenue and INR300-350 crores EBITDA.
- Peak capacity utilization anticipated with all four plants operational by FY27.
- Potential to reach INR1,600 to 1,650 crores revenue if market pricing improves.
- Paper sales volume showed 35% YoY growth in Q1 FY27, indicating healthy demand.
- Target to increase specialty paper content from current ~18-19% to 30% to capture higher-growth segments.
2 more points from Kuantum Papers Ltd's call on revenue
Create a free account to keep reading this call
MarginsQ1 FY27 call
Up 2%+See what Kuantum Papers Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- Paper Machine 3 is currently shut for a major rebuild, expected to enhance production capacity and product quality.
- Installed state-of-the-art Folio Ream Wrapping Machine to automate packaging, improve efficiency, and streamline finishing operations.
- Commissioned DDS Double Displacement Digester System for wood pulping to optimize pulp quality, yield, and reduce costs.
- Advanced native starch system installed on Paper Machines 2 and 3 to improve paper properties and reduce starch losses.
- Capex related to upgrading value-added specialty paper segment completed or ongoing, targeting higher realizations and EBITDA margins.
2 more points from Kuantum Papers Ltd's call on capex
Create a free account to keep reading this call
FundraisingQ1 FY27 call
PlannedSee what Kuantum Papers Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Ask what Kuantum Papers Ltd said on the order book →
Full Q1 FY27 analysisRanges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Paper, Forest & Jute Products
on management's own guidance
- Nikita Greentech RecyclingSlow growth2
- 1
- Satia IndustriesSlow growth3
Portfolio builder
Build your portfolio
from the top-ranked stocks
- 1. Pick 3–15 stocks
- 2. Choose large, mid or small cap and your sectors
- 3. Get a portfolio built from the rankings
Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Paper, Forest & Jute Products companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | Kuantum PapersThis stock | 10–20% | Up 2%+ | ₹630 Cr | 17.4 |
| 2 | Nikita Greentech Recycling | 0–10% | Up 0–2% | ₹163 Cr | 14.8 |
| 3 | Satia Industries | 0–10% | Flat | ₹682 Cr | — |
Sign up free to see every company in the sector ranking and track Kuantum Papers Ltd.
Pro shows every company guiding 40%+ revenue growth →Full Paper, Forest & Jute Products rankingFinancials of Kuantum Papers Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
Kuantum Papers Ltd
Shareholding breakup across reporting periods.
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters + | 70.31% | 70.31% | 70.31% | 70.31% | 70.31% | 70.31% | 70.31% | 70.31% | 70.31% | 70.31% | 70.31% | 70.31% |
| FIIs + | 0.53% | 0.17% | 0.14% | 0.08% | 0.15% | 0.08% | 0.00% | 0.00% | 0.02% | 0.05% | 0.04% | 0.02% |
| Public + | 29.16% | 29.52% | 29.55% | 29.61% | 29.54% | 29.61% | 29.69% | 29.68% | 29.68% | 29.63% | 29.65% | 29.67% |
| No. of Shareholders | 18,251 | 20,276 | 20,870 | 21,986 | 23,007 | 22,759 | 22,517 | 22,729 | 22,069 | 21,570 | 21,742 | 22,157 |
Financials of Kuantum Papers Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 298.18 | 301.47 | 298.85 | 280.75 | 278.86 | 270.08 | 277.35 | 222.92 | 279.70 | 289.59 | 300.94 | 303.75 | 279.10 |
| Expenses + | 217.57 | 222.10 | 235.24 | 209.18 | 218.11 | 219.69 | 217.48 | 182.52 | 245.36 | 250.34 | 253.10 | 263.65 | 244.64 |
| Operating Profit | 80.61 | 79.37 | 63.61 | 71.57 | 60.75 | 50.39 | 59.87 | 40.40 | 34.34 | 39.25 | 47.84 | 40.10 | 34.46 |
| OPM % | 27.03% | 26.33% | 21.28% | 25.49% | 21.79% | 18.66% | 21.59% | 18.12% | 12.28% | 13.55% | 15.90% | 13.20% | 12.35% |
| Other Income + | 1.01 | 0.72 | 3.07 | 0.86 | 1.74 | 2.08 | 1.41 | 1.43 | 2.21 | 1.59 | 1.17 | 2.85 | 3.00 |
| Interest | 12.26 | 11.26 | 8.01 | 8.95 | 9.41 | 10.50 | 10.44 | 10.39 | 11.90 | 10.88 | 13.18 | 14.53 | 16.54 |
| Depreciation | 11.93 | 12.35 | 12.26 | 12.52 | 13.00 | 13.81 | 14.66 | 15.20 | 16.30 | 16.62 | 17.21 | 17.65 | 19.70 |
| Profit before tax | 57.43 | 56.48 | 46.41 | 50.96 | 40.08 | 28.16 | 36.18 | 16.24 | 8.35 | 13.34 | 18.62 | 10.77 | 1.22 |
| Tax % | 25.74% | 25.37% | 27.00% | 25.06% | 25.42% | 25.50% | 27.81% | 25.74% | 30.90% | 26.69% | 22.99% | 42.15% | -83.61% |
| Net Profit + | 42.65 | 42.15 | 33.89 | 38.19 | 29.89 | 20.98 | 26.12 | 12.06 | 5.77 | 9.78 | 14.34 | 6.23 | 2.24 |
| EPS in Rs | 4.89 | 4.83 | 3.88 | 4.38 | 3.43 | 2.40 | 2.99 | 1.38 | 0.66 | 1.12 | 1.64 | 0.71 | 0.26 |
Financials of Kuantum Papers Ltd
Profit & Loss
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 499 | 526 | 608 | 704 | 793 | 745 | 404 | 830 | 1,310 | 1,211 | 1,107 | 1,093 | 1,173 |
| Expenses + | 435 | 460 | 490 | 556 | 637 | 625 | 374 | 710 | 930 | 860 | 860 | 930 | 1,012 |
| Operating Profit | 64 | 65 | 118 | 148 | 156 | 119 | 30 | 120 | 380 | 351 | 247 | 163 | 162 |
| OPM % | 13% | 12% | 19% | 21% | 20% | 16% | 7% | 14% | 29% | 29% | 22% | 15% | 14% |
| Other Income + | 1 | 1 | 3 | 3 | 9 | 9 | 1 | 4 | -60 | -12 | 3 | 6 | 9 |
| Interest | 21 | 20 | 21 | 25 | 29 | 31 | 28 | 70 | 71 | 44 | 40 | 47 | 55 |
| Depreciation | 13 | 14 | 15 | 19 | 25 | 32 | 35 | 46 | 45 | 48 | 54 | 65 | 71 |
| Profit before tax | 32 | 33 | 84 | 107 | 111 | 65 | -32 | 8 | 203 | 248 | 155 | 57 | 44 |
| Tax % | 21% | 25% | 30% | 32% | 30% | -10% | -60% | -74% | 33% | 26% | 26% | 26% | |
| Net Profit + | 25 | 25 | 59 | 73 | 78 | 72 | -13 | 13 | 136 | 184 | 115 | 42 | 33 |
| EPS in Rs | 2.87 | 2.81 | 6.79 | 8.35 | 8.93 | 8.23 | -1.46 | 1.54 | 15.60 | 21.07 | 13.20 | 4.81 | 3.73 |
| Dividend Payout % | 3% | 4% | 3% | 3% | 6% | 3% | 0% | 0% | 19% | 14% | 23% | 52% |
Financials of Kuantum Papers Ltd
Balance Sheet
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
| Reserves | 532 | 552 | 612 | 683 | 758 | 823 | 809 | 822 | 958 | 1,115 | 1,204 | 1,220 | 1,206 |
| Borrowings + | 224 | 243 | 302 | 321 | 395 | 573 | 689 | 762 | 513 | 512 | 654 | 870 | 979 |
| Other Liabilities + | 91 | 100 | 88 | 109 | 123 | 144 | 108 | 83 | 210 | 251 | 246 | 301 | 366 |
| Total Liabilities | 856 | 903 | 1,011 | 1,121 | 1,284 | 1,549 | 1,614 | 1,676 | 1,689 | 1,888 | 2,113 | 2,399 | 2,560 |
| Fixed Assets + | 673 | 687 | 772 | 825 | 978 | 1,034 | 1,436 | 1,408 | 1,414 | 1,475 | 1,619 | 1,838 | 2,100 |
| CWIP | 26 | 50 | 42 | 84 | 55 | 310 | 21 | 29 | 31 | 42 | 156 | 263 | 139 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 3 |
| Other Assets + | 157 | 166 | 198 | 213 | 251 | 206 | 158 | 239 | 245 | 371 | 338 | 297 | 317 |
| Total Assets | 856 | 903 | 1,011 | 1,121 | 1,284 | 1,549 | 1,614 | 1,676 | 1,689 | 1,888 | 2,113 | 2,399 | 2,560 |
Financials of Kuantum Papers Ltd
Cash Flows
Operating, investing and financing cash movement
| 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 + | 32 | 57 | 73 | 131 | 136 | 75 | 80 | 48 | 375 | 298 | 177 | 219 |
| Cash from Investing Activity + | -56 | -50 | -93 | -132 | -150 | -252 | -178 | -35 | -60 | -156 | -315 | -321 |
| Cash from Financing Activity + | 23 | -6 | 41 | -8 | 39 | 138 | 98 | -11 | -318 | -73 | 76 | 134 |
| Net Cash Flow | -0 | 0 | 21 | -8 | 25 | -39 | -0 | 3 | -2 | 69 | -61 | 32 |
| Free Cash Flow | -4 | -12 | -6 | 17 | -27 | -202 | -104 | 9 | 312 | 131 | -134 | -107 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 61% | 99% | 75% | 105% | 103% | 72% | 272% | 41% | 101% | 101% | 85% | 139% |
Financials of Kuantum Papers Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 32 | 25 | 21 | 17 | 15 | 7 | 30 | 27 | 8 | 10 | 13 | 15 |
| Inventory Days | 107 | 102 | 117 | 133 | 95 | 141 | 145 | 114 | 88 | 126 | 141 | 133 |
| Days Payable | 54 | 47 | 47 | 54 | 47 | 42 | 124 | 47 | 25 | 64 | 47 | 65 |
| Cash Conversion Cycle | 85 | 80 | 91 | 95 | 63 | 105 | 51 | 94 | 71 | 73 | 107 | 83 |
| Working Capital Days | -4 | -4 | -6 | -0 | -5 | -19 | -17 | 10 | -4 | -22 | -25 | -60 |
| ROCE % | 10% | 7% | 12% | 14% | 13% | 8% | 0% | 5% | 22% | 20% | 11% | 5% |
Guidance history
How Kuantum Papers Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Up 2%+ | Planned | Planned | — |
| Q4 FY26 call → | 40%+ | Up 2%+ | None planned | Planned | — |
| Q3 FY26 call → | 10–20% | Up 0–2% | Planned | Planned | — |
| Q2 FY26 call → | 40%+ | Up 2%+ | Planned | — | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
11 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −40.0% | 12% |
| Last 6 months | −17.1% | 26% |
| Last 3 months | −17.0% | 28% |
The price is 69.5% below its all-time high of ₹212.05 (25 Aug 2023). Stocks more than 20% below their peak have their score halved, so 21 became 11.
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 Kuantum Papers Ltd: 0.4 × 12 + 0.4 × 26 + 0.2 × 28 = 21, halved to 11 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 30 Oct 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 Kuantum Papers Ltd's management said in earlier quarters
Others in Paper, Forest & Jute Products this season
- Malu Paper (Q2 FY27)
26% EBITDA margin. Key results statement takeaways from Malu Paper Mills Ltd's Q2 FY27 results statement — and how it ranks against sector peers.
- Andhra Paper (Q2 FY27)
Revenue from operations for the quarter ended September 30, 2026: ₹42,606.88 lakhs . Key results statement takeaways from Andhra Paper Ltd's Q2 FY27 results sta
- Pudumjee Paper Products Ltd (Q2 FY27)
2,017 lakhs increase (~9.7%) . Key results statement takeaways from Pudumjee Paper Products Ltd's Q2 FY27 results statement — and how it ranks against sector pe
- Emami Paper Mills Ltd (Q2 FY27)
Revenue from operations for the quarter ended 30th September 2026 was ₹589.78 Crore, up from ₹450.61 Crore in the same quarter of FY 2025, indicating a…