Arthneeti

N R Agarwal Industries Share Price & Earnings Call Analysis

₹718.95+1.52% today
Market cap
₹1,224 Cr
P/E
18.54
ROE
6.04%
PEG
-0.85
Price to sales
0.52
Debt to equity
1.01
52W high / low
₹774 / ₹389
Sales growth (5Y)
13.37%
EBITDA margin
9.92%
Net profit margin
2.24%
Promoter holding
74.28%
Sales (last year)
₹2,340 Cr

Incorporated in 1993, N. R. Agarwal Industries Ltd manufacturers recycled paper and grey back & white back Duplex 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 N R Agarwal Inds rank?

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

Financials of N R Agarwal Inds

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

Financials of N R Agarwal Inds

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +386369342336247347428418466452525563605
Expenses +351322294288213319401389438436481506549
Operating Profit35474848342827292817445757
OPM %9%13%14%14%14%8%6%7%6%4%8%10%9%
Other Income +232237914126-1020
Interest321251316161616171616
Depreciation9999101616171617171718
Profit before tax2539393921649-310-02624
Tax %21%-5%3%19%25%42%-102%-37%104%-69%359%45%41%
Net Profit +20413831163813-717-11414
EPS in Rs11.6823.8322.2218.479.202.004.907.48-4.019.72-0.868.488.34

Financials of N R Agarwal Inds

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +7258831,0441,1901,3181,4051,1461,6171,7661,2931,6592,145
Expenses +6958189051,0331,1331,1891,0131,4731,5801,1131,5471,971
Operating Profit3066139157186216133144186181112174
OPM %4%7%13%13%14%15%12%9%11%14%7%8%
Other Income +68667128101153118
Interest364643403536302514116164
Depreciation182324262732333436376669
Profit before tax-174789713116178951481381660
Tax %95%-335%36%7%28%27%26%36%33%9%-11%27%
Net Profit +-33185090951175761991251844
EPS in Rs-19.6410.4829.2253.0255.6168.6033.6335.8558.3573.7210.3725.68
Dividend Payout %0%0%7%6%7%0%3%0%0%3%39%0%

Financials of N R Agarwal Inds

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital171717171717171717171717
Reserves5977116202295402459519619743758798
Borrowings +365347300289297202195175164579644821
Other Liabilities +222226226195196245261290245227351396
Total Liabilities6636676597038058659331,0011,0451,5671,7702,031
Fixed Assets +4584474364645265725845014831,1351,1971,221
CWIP4242521212029281222920227
Investments0010000012110113
Other Assets +200195197218257273320471439381452571
Total Assets6636676597038058659331,0011,0451,5671,7702,031

Financials of N R Agarwal Inds

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 +6338911041121911169612913517695
Cash from Investing Activity +-63-31-14-47-85-52-48-41-96-548-175-188
Cash from Financing Activity +6-11-78-55-29-139-67-55-25405-196
Net Cash Flow7-5-13-2-02-08-803
Free Cash Flow-14745525136665429-39266-196
CFO/OP209%57%66%82%77%101%97%77%86%84%159%53%

Financials of N R Agarwal Inds

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days423333343331393829254142
Inventory Days494437365047795644866164
Days Payable905333233139775632328462
Cash Conversion Cycle12437475139423840791844
Working Capital Days-46-22-3-15151829261112
ROCE %4%11%28%29%30%32%17%17%22%14%6%8%
90out of 100

Momentum score · price trend

90 out of 100 — Strengthening

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

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months+62.5%89%
Last 6 months+47.8%89%
Last 3 months+45.1%96%
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 N R Agarwal Inds: 0.4 × 89 + 0.4 × 89 + 0.2 × 96 = 90.

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

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