N R AGARWAL INDS LTD·PAPER & BOARD 44.06·Paper, Forest & Jute Products Companies

2026-08-21 NSE BSE Web 20%

Price

503.85

+0.04%
O:505
H:505
L:499.05
C:503.85

52W Range

350.95574
+44%/-12%

Market Cap

₹857.51 Cr

Traded: ₹0.19 Cr (0.02%) 0.0x

Free Float: ₹187.11 Cr (0.10% of FF traded)

Volume · 60D trend

3.74 K 0.0x

Delivery: % 0.0x

View Delivery Data

Returns

1W:+0% 1M:+6% 3M:+9% 6M:+5% 12M:+6%

Valuation

P/E13.8
P/B1.1
P/S0.4
EV/EBIT49282036.5

Business Strength

ROE6.0%
ROCE8.5%
OPM8.1%
NPM2.0%

Growth (3Y CAGR)

EPS+147.6%
Sales+7.0%
Profit-22.0%
3Y Return+15.0%

Balance Sheet

Debt/Equity1.0
Debt789 Cr
Pledge0.0%
CWIP/Fixed Asset18.6%

Cash Position

CFO/NP215.9%
FCF-196 Cr
FCF 3Y Avg-521 Cr
Cash/MCap--

Others

Div Yield0.4%
Div Payout0.0%
Cash Conv. Cycle44 days
Tradeable Free Float21.8%

MTF Exposure Trend

60 sessions · funded amount, % of FF, daily delta

Current
₹ 29.72 L
0.16% FF
60d high
₹ 29.72 L
60d low
₹ 0
60d mean
₹ 7.88 L
vs mean
▲ 277.05%

Growth Trends

Metric10Y5Y3Y1YTTMTrend
Sales
+9.0%
+13.0%
+7.0%
--
+29.0%
Stable
ROE
+16.0%
+11.0%
+9.0%
--
--
Decelerating
Return
+24.0%
+15.0%
+15.0%
+76.0%
--
Stable
Profit
+10.0%
-4.0%
-22.0%
--
+164.0%
Stable

Quarterly Results

Jun 2026

5 Aug
Rev
647 Cr
----
OPM11.0%
NPM--
PAT
+111% YoY35 Cr
EPS
--20.6

Mar 2026

PDF
Rev
605 Cr
+30% YoY+7% QoQ
OPM9.0%
NPM2.3%
PAT
+308% YoY14 Cr
EPS
+308% YoY8.3

Dec 2025

PDF
Rev
563 Cr
+35% YoY+7% QoQ
OPM10.0%
NPM2.5%
PAT
+18% YoY14 Cr
EPS
+13% YoY8.5

Sep 2025

PDF
Rev
525 Cr
+22% YoY+16% QoQ
OPM8.0%
NPM-0.2%
PAT
-78% YoY-1 Cr
EPS
-118% YoY-0.9

Jun 2025

PDF
Rev
452 Cr
+30% YoY-3% QoQ
OPM3.6%
NPM3.8%
PAT
+387% YoY17 Cr
EPS
+386% YoY9.7

Mar 2025

PDF
Rev
466 Cr
+88% YoY+11% QoQ
OPM6.0%
NPM-1.5%
PAT
-144% YoY-7 Cr
EPS
-144% YoY-4.0

Dec 2024

PDF
Rev
418 Cr
+25% YoY-2% QoQ
OPM7.0%
NPM3.1%
PAT
-60% YoY13 Cr
EPS
-60% YoY7.5

Sep 2024

PDF
Rev
428 Cr
+25% YoY+23% QoQ
OPM6.0%
NPM1.9%
PAT
-78% YoY8 Cr
EPS
-78% YoY4.9

Jun 2024

PDF
Rev
347 Cr
-6% YoY+40% QoQ
OPM8.0%
NPM0.9%
PAT
-92% YoY3 Cr
EPS
-92% YoY2.0

Mar 2024

PDF
Rev
247 Cr
-36% YoY-26% QoQ
OPM14.0%
NPM6.5%
PAT
-21% YoY16 Cr
EPS
-21% YoY9.2

Dec 2023

PDF
Rev
336 Cr
-12% YoY-2% QoQ
OPM14.0%
NPM9.2%
PAT
+63% YoY31 Cr
EPS
--18.5

Sep 2023

PDF
Rev
342 Cr
-32% YoY-7% QoQ
OPM14.0%
NPM11.1%
PAT
+38% YoY38 Cr
EPS
--22.2

Jun 2023

PDF
Rev
369 Cr
-26% YoY-4% QoQ
OPM13.0%
NPM11.1%
PAT
+24% YoY41 Cr
EPS
--23.8

Mar 2023

PDF
Rev
386 Cr
-13% YoY--
OPM9.0%
NPM5.2%
PAT
+4% YoY20 Cr
EPS
--11.7

Revenue & Margin Trends

Annual

Quarterly

Balance Sheet Health

Leverage

Debt / Equity1.01
Interest Coverage3.0x
Promoter Pledge0.0%
Borrowings821 Cr

Efficiency

Receivable Days42 days
Inventory Days64 days
Payable Days62 days
Cash Conversion cycle44 days

Cash Position

Operating Cash Flow95 Cr
Investing Cash Flow-188 Cr
Financing Cash Flow96 Cr
Free Cash Flow-196 Cr

Detailed Financials

Jun 2026PDF ↗
Mar 2026PDF ↗
Dec 2025PDF ↗
Sep 2025PDF ↗
Jun 2025PDF ↗
Mar 2025PDF ↗
Dec 2024PDF ↗
Sep 2024PDF ↗
Jun 2024PDF ↗
Mar 2024PDF ↗
Dec 2023PDF ↗
Sep 2023PDF ↗
Jun 2023PDF ↗
Mar 2023PDF ↗
Sales647605563525452466418428347247336342369386
Expenses573549506481436438389401319213288294322351
Operating Profit7457574417282927283448484735
OPM %11.0%9.0%10.0%8.0%3.6%6.0%7.0%6.0%8.0%14.0%14.0%14.0%13.0%9.0%
Other Income602-10261149732232
Interest16161617161616161352123
Depreciation181817171716171616109999
Profit Before Tax462426010-39462139393925
Tax %24.0%41.0%45.0%359.0%-69.0%104.0%-37.0%-102.0%42.0%25.0%19.0%3.0%-5.0%21.0%
Net Profit351414-117-713831631384120
Exceptional Items--0-1-40000000000
EPS (Rs)20.68.38.5-0.99.7-4.07.54.92.09.218.522.223.811.7
Sales Growth (YoY)--30.0%34.8%22.5%30.3%88.4%24.5%25.4%-5.9%-36.0%-11.7%-32.2%-25.6%-13.4%
Sales Growth (QoQ)--7.5%7.2%16.1%-3.0%11.5%-2.3%23.3%40.5%-26.5%-1.8%-7.3%-4.4%--
OP Growth (YoY)335.3%103.6%96.6%63.0%-39.3%-17.6%-39.6%-43.8%-40.4%-2.9%--------
OP Growth (QoQ)29.8%0.0%29.5%158.8%-39.3%-3.4%7.4%-3.6%-17.6%-29.2%0.0%2.1%34.3%--
Profit Growth (YoY)111.0%308.0%18.0%-78.0%387.0%-144.0%-60.0%-78.0%-92.0%-21.0%63.0%38.0%24.0%4.0%
EPS Growth (YoY)--308.0%13.4%-117.5%386.0%-143.6%-59.5%-78.0%-91.6%-21.2%--------
EPS Growth (QoQ)---1.6%1086.0%-108.8%342.4%-153.6%52.6%145.0%-78.3%-50.2%-16.9%-6.8%104.0%--
OP Margin--9.4%10.1%8.4%3.8%6.0%6.9%6.3%8.1%13.8%14.3%14.0%12.7%9.1%
Net Margin--2.3%2.5%-0.2%3.8%-1.5%3.1%1.9%0.9%6.5%9.2%11.1%11.1%5.2%
Material Cost %--68.0%67.0%67.0%68.0%67.0%63.0%61.0%60.0%52.0%53.0%57.0%60.0%63.0%
Employee Cost %--5.0%5.0%5.0%6.0%5.0%6.0%6.0%7.0%9.0%6.0%6.0%5.0%5.0%
P/S0.370.39------------------------
P/E13.8018.99------------------------
P/B1.051.02------------------------

Shareholding Pattern

Shareholders:7.9K (-28.8%)
Current MixMar 2026

Exchange Filings

50
Company Update19 Aug 2026

Corrigendum to the Newspaper publication dated August 15, 2026 in Mumbai Lakshadweep newspaper

Company Update15 Aug 2026

Newspaper publication - Form INC 26

Result05 Aug 2026

Un-audited Financial Results for the quarter ended June 30, 2026

Board Meeting05 Aug 2026

Un-audited Financial Results for the quarter ended June 30, 2026

Others04 Aug 2026

Annual Report along with Notice of AGM for the Financial Year 2025-26

Corp. Action04 Aug 2026

Record date for dividend is August 22, 2026

AGM/EGM04 Aug 2026

Notice of 33rd Annual General Meeting

Board Meeting22 Jul 2026

NR Agarwal Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 05/08/2026 ,inter alia, to consider and approve The Un-audited Financial ....

Company Update17 Jul 2026

Pursuant to Regulation 30 and other applicable provisions of SEBI Listing Regulations, this is to inform that ICRA Limited has reaffirmed the long term rating of [ICRA] A- Stable (pronounced ....

Company Update07 Jul 2026

Certificate pursuant to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended June 30, 2026.

Insider Trading / SAST24 Jun 2026

We hereby inform you that pursuant to clause 4 of schedule B of the SEBI (PIT) Regulations, 2015, read with Company''s Code of Conduct to Regulate, Monitor and Report trading by Designated ....

Company Update28 May 2026

Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, we are enclosing herewith the newspaper clipping of Business Standard (English) and Mumbai Lakshadweep (Marathi) in which ....

Company Update26 May 2026

In terms of regulation 24(A) of SEBI (LODR) Regulations, 2015, please find enclosed Annual Secretarial Compliance Report for the financial year ended March 31, 2026, issued by Parikh & ....

Company Update14 May 2026

Pursuant to Regulation 47(3) of the SEBI (LODR) Regulations, 2015, we are enclosing herewith the Newspaper clipping of Business Standard (English) and Mumbai Lakshadweep (Marathi) in which ....

Company Update12 May 2026

Update on new Multilayer Board Plant (Unit VI)

Company Update12 May 2026

Alteration of Memorandum of Association of the Company.

Company Update12 May 2026

Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, the Board of Directors at their meeting held on May 12, 2026 considered and approved the following: 1. Re-appointment of ....

Result12 May 2026

Pursuant to Regulation 30 and 33 read with Schedule III of SEBI (LODR) Regulations, 2015, we hereby inform you that the Board of Directors at their meeting held held on May 12, 2026 has ....

Board Meeting12 May 2026

Pursuant to Regulation 30 and 33 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Board of Directors at ....

Board Meeting04 May 2026

NR Agarwal Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/05/2026 ,inter alia, to consider and approve 1. Audited Financial ....

Others27 Apr 2026

<b>Format of Initial Disclosure to be made by an entity identified as a Large Corporate.</b><br/><br/> <table border=''1px''><tr> <td><b>Sr. No.</b></td> <td><b>Particulars</b></td> <td><b>Details</b></td> ....

Company Update07 Apr 2026

Certificate pursuant to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended March 31, 2026.

Company Update31 Mar 2026

Pursuant to Regulation 47(3) of the SEBI (LODR) Regulations, 2015, we are enclosing herewith the newspaper clipping of Business Standard (English) and Mumbai Lakshadweep (Marathi) in which ....

Company Update26 Mar 2026

Pursuant to Regulation 30 read with schedule III and other applicable provisions of SEBI (LODR) Regulations, 2015, we hereby inform you that Mr. Ramesh Harkulkar, Senior General Manager- ....

Insider Trading / SAST26 Mar 2026

We hereby inform you that pursuant to clause 4 of schedule B of SEBI (PIT) Regulations, 2015, read with Company''s code of conduct to regulate, monitor and report trading by designated ....

Insider Trading / SAST24 Mar 2026

The Exchange has received Re revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on March 24, 2026 for R N Agarwal

Company Update26 Feb 2026

Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015 read with applicable SEBI circulars, we hereby inform you that the Company has received an amendment to the Consolidated Consent ....

Company Update20 Feb 2026

This is in continuation of our earlier intimation dated December 20, 2025 regarding the setting up of new Multilayer Board Plant (Unit VI) at Dahej, Gujarat. Pursuant to Regulation ....

Company Update19 Feb 2026

Pursuant to Regulation 30 read with Schedule III and other applicable provisions of SEBI (LODR) Regulations, 2015, we hereby inform you regarding the appointment of Senior Managerial Personnel ....

Insider Trading / SAST18 Feb 2026

The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mahendra K Daga

Insider Trading / SAST17 Feb 2026

The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on February 17, 2026 for R N Agarwal, Reena ....

Insider Trading / SAST17 Feb 2026

The Exchange has received the Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011 on February ....

Insider Trading / SAST17 Feb 2026

The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rajendra Nagin Agarwal & Others

Company Update12 Feb 2026

Pursuant to Regulation 47(3) of the SEBI (LODR) Regulations, 2015, we are enclosing herewith the Newspaper clipping of Business Standard (English) and Mumbai Lakshadweep (Marathi) in which ....

Board Meeting11 Feb 2026

Pursuant to Regulation 30 and 33 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Board of Directors at ....

Result11 Feb 2026

Pursuant Regulation 30 and 33 read with Schedule III of SEBI (LODR) Regulations, 2015, we hereby inform you that the Board of Directors at its meeting held on February 11, 2026 has inter-alia ....

Board Meeting04 Feb 2026

NR Agarwal Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 11/02/2026 ,inter alia, to consider and approve the un-audited financial ....

Company Update12 Jan 2026

Please find enclosed the certificate pursuant to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended December 31, 2025.

Insider Trading / SAST26 Dec 2025

Pursuant to clause 4 of schedule B of SEBI (PIT) Regulations, 2015 read with company''s code of conduct to regulate, monitor and report trading by Designated Person, the Trading Window ....

Insider Trading / SAST23 Dec 2025

The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on December 22, 2025 for R N Agarwal, ....

Insider Trading / SAST23 Dec 2025

The Exchange has received the Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011 on December ....

Company Update23 Dec 2025

Pursuant to Regulation 47(3) of the SEBI (LODR) Regulations, 2015, we are enclosing herewith the newspaper clipping of Business Standard (English) and Mumbai Lakshadweep (Marathi) in which ....

Company Update20 Dec 2025

This disclosure is in continuation of the Company''s earlier intimation dated July 31, 2025 regarding the setting up of new Multilayer Board Plant (Unit VI). Pursuant to Regulation 30 ....

Insider Trading / SAST19 Dec 2025

The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for SBICAP Trustee Company Ltd

Insider Trading / SAST18 Dec 2025

The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for SBICAP Trustee Company Ltd

Insider Trading / SAST18 Dec 2025

The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on December 18, 2025 for R N Agarwal, Reena ....

Insider Trading / SAST12 Dec 2025

The Exchange has received the revised Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011 ....

Insider Trading / SAST21 Nov 2025

The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on November 21, 2025 for R N Agarwal, Reena ....

Insider Trading / SAST21 Nov 2025

The Exchange has received the Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011 on November ....

Company Update15 Nov 2025

Pursuant to Regulation 47(3) of the SEBI (LODR) Regulations, 2015, we are enclosing herewith the Newspaper clipping of Business Standard (English) and Mumbai Lakshadweep (Marathi) in which ....

Annual Reports

15

2025

2024

2023

2022

2021

2020

2019

2018

2017

2016

2015

2014

2013

2012

2011

Credit Ratings

6
icraRating update
25 Aug 2025Report
icraRating update
03 Jan 2025Report
icraRating update
16 Nov 2023Report
crisilRating update
13 Oct 2023Report
crisilRating update
28 Aug 2023Report
crisilRating update
25 Nov 2022Report

Concalls

5

May 2022

31 May 2022

Feb 2022

28 Feb 2022

Feb 2022

28 Feb 2022

Feb 2022

28 Feb 2022

Jul 2021

31 Jul 2021