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Andhra Paper Ltd.
(ANDHRAPAP)
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Rating:50Neutral
Price Target:
₹64.00
▲(2.30% Upside)
Action:Reiterated
Date:09/08/26
The score is held back primarily by weakened financial performance—sharp profitability decline and two years of negative free cash flow—despite a still-manageable balance sheet. Technicals are supportive with price above major moving averages, but overbought momentum signals add near-term risk. Valuation is also a headwind due to a high P/E and low dividend yield.
Positive Factors
Revenue Growth
Revenue growth resumed in FY2026, indicating that demand for Andhra Paper’s products remained capable of supporting higher sales despite weaker profitability. Continued volume, pricing, or mix improvement would provide a foundation for restoring operating leverage over the next several quarters.
Negative Factors
Profitability Decline
The shift to negative EBIT and sharply lower net income signals that recent revenue growth is not translating into adequate operating returns. Persistently weak profitability would reduce internal funding capacity, pressure returns on capital, and make earnings recovery more dependent on improved industry conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Revenue growth resumed in FY2026, indicating that demand for Andhra Paper’s products remained capable of supporting higher sales despite weaker profitability. Continued volume, pricing, or mix improvement would provide a foundation for restoring operating leverage over the next several quarters.
Read all positive factors
Andhra Paper Ltd. (ANDHRAPAP) vs. iShares MSCI India ETF (INDA)
Market Cap
₹13.18B
Dividend Yield0.76%
Average Volume (3M)25.61K
Price to Earnings (P/E)48.1
Beta (1Y)0.88
Revenue Growth5.12%
EPS Growth-66.53%
CountryIN
Employees1,874
SectorGeneral
Sector StrengthN/A
IndustryPaper, Lumber & Forest Products
Share Statistics
EPS (TTM)1.39
Shares Outstanding198,850,190
10 Day Avg. Volume17,231
30 Day Avg. Volume25,612
Financial Highlights & Ratios
PEG Ratio-0.79
Price to Book (P/B)0.60
Price to Sales (P/S)0.68
P/FCF Ratio-6.29
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)4.4
Revenue Forecast (FY)₹17.63B
Andhra Paper Ltd. Business Overview & Revenue Model
Company Description
Andhra Paper Limited manufactures and sells paper, paperboard, and pulp in India and internationally. The company offers writing and printing, copier, and specialty paper products; and office documentation and multipurpose papers for use in home a...
How the Company Makes Money
Andhra Paper primarily makes money by manufacturing and selling paper products. Its core revenue stream is the sale of writing and printing paper (and other paper grades it produces) to customers in India, typically through a mix of direct institu...
Andhra Paper Ltd. Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
72
Positive
Cash Flow
41
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 17.02B | 17.01B | 15.41B | 18.01B | 20.98B | 13.67B |
| Gross Profit | 2.64B | 1.82B | 4.84B | 6.94B | 10.31B | 5.29B |
| EBITDA | 1.39B | 1.51B | 1.35B | 5.26B | 7.69B | 2.65B |
| Net Income | 276.27M | 186.17M | 889.11M | 3.40B | 5.22B | 1.40B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 25.38B | 26.05B | 24.51B | 20.05B | 14.98B |
| Cash, Cash Equivalents and Short-Term Investments | 5.19B | 5.21B | 7.52B | 8.78B | 7.53B | 2.95B |
| Total Debt | 0.00 | 2.32B | 2.83B | 1.14B | 548.80M | 585.87M |
| Total Liabilities | -19.39B | 5.99B | 6.64B | 5.58B | 4.23B | 4.04B |
| Stockholders Equity | 19.39B | 19.39B | 19.41B | 18.93B | 15.82B | 10.94B |
Cash Flow | ||||||
| Free Cash Flow | -553.40M | -1.84B | -3.20B | -123.11M | 4.21B | 1.63B |
| Operating Cash Flow | 640.88M | 1.15B | -553.95M | 3.19B | 5.36B | 2.02B |
| Investing Cash Flow | -54.08M | -280.12M | -611.62M | -3.34B | -4.99B | -1.81B |
| Financing Cash Flow | -551.11M | -760.15M | 1.09B | 50.28M | -413.34M | -117.38M |
Andhra Paper Ltd. Technical Analysis
Positive
62.56
Price Trends
67.63
Negative
64.50
Positive
64.34
Positive
Market Momentum
-0.93
Positive
46.82
Neutral
54.54
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ANDHRAPAP, the sentiment is Positive. The current price of 62.56 is below the 20-day moving average (MA) of 67.82, below the 50-day MA of 67.63, and below the 200-day MA of 64.34, indicating a neutral trend. The MACD of -0.93 indicates Positive momentum. The RSI at 46.82 is Neutral, neither overbought nor oversold. The STOCH value of 54.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:ANDHRAPAP.
Andhra Paper Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ₹8.29B | 9.08 | ― | 0.69% | 1.45% | -12.79% | |
65 Neutral | ₹8.88B | 3.40 | ― | 3.12% | 2.88% | ― | |
64 Neutral | ₹53.82B | 23.45 | ― | 0.98% | 8.20% | -8.74% | |
61 Neutral | ₹12.75B | 10.26 | ― | 1.00% | 18.52% | 45.83% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹67.03B | 20.25 | ― | 1.08% | 10.27% | -11.88% | |
50 Neutral | ₹13.18B | 48.06 | ― | 0.76% | 5.12% | -66.53% |
* General Sector Average
IN:ANDHRAPAP
Andhra Paper Ltd.
66.28
-10.84
-14.06%
IN:JKPAPER
JK Paper Limited
369.70
-23.68
-6.02%
IN:PDMJEPAPER
Pudumjee Paper Products Ltd.
87.32
-27.61
-24.03%
IN:SESHAPAPER
Seshasayee Paper & Boards Ltd.
202.15
-52.12
-20.50%
IN:TNPL
Tamil Nadu Newsprint & Papers Ltd.
128.25
-23.64
-15.57%
IN:WSTCSTPAPR
West Coast Paper Mills Limited
814.85
364.91
81.10%
Andhra Paper Ltd. Corporate Events
Andhra Paper Faces ₹21 Crore Environmental Levy from AP Pollution Board
Sep 8, 2026
Andhra Paper Limited has disclosed that the Andhra Pradesh Pollution Control Board has levied an environmental compensation of ₹21.02 crore on the company, citing alleged breaches of consent conditions and directions issued by the regulator....
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.