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Emami Paper Mills Limited
(EMAMIPAP)
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Rating:56Neutral
Price Target:
₹113.00
▼(-3.99% Downside)
Action:Reiterated
Date:07/23/26
Overall score reflects a FY2026 improvement in profitability and cash generation, offset by higher leverage and notable cyclicality. Technically, the stock looks overbought after a sharp move above key moving averages, which tempers near-term attractiveness despite fair valuation.
Positive Factors
Operating Profitability Recovery
Improved EBIT and EBITDA margins indicate better operating execution and earnings recovery after FY2025 weakness. If sustained, stronger operating profitability can support reinvestment and improve resilience across paper demand cycles.
Negative Factors
Higher Leverage
Rising leverage increases financial risk for a cyclical paper manufacturer, especially when demand or selling prices weaken. Higher debt can constrain investment flexibility and divert future cash generation toward servicing obligations.
Read all positive and negative factors
Positive Factors
Negative Factors
Operating Profitability Recovery
Improved EBIT and EBITDA margins indicate better operating execution and earnings recovery after FY2025 weakness. If sustained, stronger operating profitability can support reinvestment and improve resilience across paper demand cycles.
Read all positive factors
Emami Paper Mills Limited (EMAMIPAP) vs. iShares MSCI India ETF (INDA)
Market Cap
₹6.97B
Dividend Yield2.81%
Average Volume (3M)4.28K
Price to Earnings (P/E)7.8
Beta (1Y)0.87
Revenue Growth6.56%
EPS Growth379.92%
CountryIN
Employees1,090
SectorGeneral
Sector StrengthN/A
IndustryPaper, Lumber & Forest Products
Share Statistics
EPS (TTM)15.05
Shares Outstanding60,499,046
10 Day Avg. Volume4,874
30 Day Avg. Volume4,281
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)0.65
Price to Sales (P/S)0.19
P/FCF Ratio3.20
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)N/A
Revenue Forecast (FY)N/A
Emami Paper Mills Limited Business Overview & Revenue Model
Company Description
Emami Paper Mills Limited, an Indian enterprise, specializes in the manufacturing and distribution of a range of paper and paperboard commodities within the country. Their product offerings encompass newsprint, packaging board, writing and printin...
How the Company Makes Money
Emami Paper Mills Limited primarily makes money by manufacturing and selling paper and paper-based products to customers (typically businesses) that use these materials for packaging and printing/writing needs. Its core revenue stream is the sale ...
Emami Paper Mills Limited Financial Statement Overview
Summary
Income Statement
60
Neutral
Balance Sheet
54
Neutral
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 20.08B | 19.07B | 19.28B | 19.88B | 23.71B | 19.39B |
| Gross Profit | 5.19B | 3.55B | 5.88B | 5.83B | 3.09B | 6.19B |
| EBITDA | 2.62B | 2.16B | 1.46B | 2.30B | 2.21B | 2.92B |
| Net Income | 936.80M | 613.80M | 260.10M | 843.00M | 691.70M | 1.15B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 18.22B | 18.17B | 17.14B | 19.83B | 17.79B |
| Cash, Cash Equivalents and Short-Term Investments | 10.00M | 10.00M | 63.90M | 50.80M | 3.40M | 17.50M |
| Total Debt | 0.00 | 8.17B | 6.50B | 6.06B | 8.58B | 7.86B |
| Total Liabilities | -5.75B | 12.47B | 11.39B | 9.40B | 12.84B | 11.26B |
| Stockholders Equity | 5.75B | 5.75B | 6.78B | 7.74B | 6.99B | 6.53B |
Cash Flow | ||||||
| Free Cash Flow | 1.03B | 1.16B | 232.80M | 3.32B | 63.10M | 2.94B |
| Operating Cash Flow | 1.23B | 1.46B | 437.80M | 3.51B | 324.60M | 3.29B |
| Investing Cash Flow | -195.40M | -266.40M | -169.50M | -102.30M | -235.20M | -337.40M |
| Financing Cash Flow | -1.03B | -1.19B | -318.10M | -3.36B | -89.80M | -3.07B |
Emami Paper Mills Limited Technical Analysis
Positive
117.69
Price Trends
106.11
Positive
93.13
Positive
86.32
Positive
Market Momentum
3.16
Positive
53.83
Neutral
65.20
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:EMAMIPAP, the sentiment is Positive. The current price of 117.69 is above the 20-day moving average (MA) of 114.45, above the 50-day MA of 106.11, and above the 200-day MA of 86.32, indicating a bullish trend. The MACD of 3.16 indicates Positive momentum. The RSI at 53.83 is Neutral, neither overbought nor oversold. The STOCH value of 65.20 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:EMAMIPAP.
Emami Paper Mills Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | ₹10.60B | 4.07 | ― | 1.96% | 2.88% | ― | |
66 Neutral | ₹47.10B | 20.52 | ― | 1.12% | 8.20% | -8.74% | |
56 Neutral | ₹6.97B | 7.82 | ― | 2.81% | 6.56% | 379.92% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹15.85B | 15.28 | ― | 0.80% | 5.80% | 13.03% | |
47 Neutral | ₹75.20B | 22.66 | ― | 0.96% | 10.27% | -11.88% | |
46 Neutral | ₹14.57B | 52.78 | ― | 0.68% | 5.12% | -66.53% |
* General Sector Average
IN:EMAMIPAP
Emami Paper Mills Limited
115.20
14.39
14.28%
IN:ANDHRAPAP
Andhra Paper Ltd.
73.29
-6.35
-7.98%
IN:JKPAPER
JK Paper Limited
414.75
29.29
7.60%
IN:SESHAPAPER
Seshasayee Paper & Boards Ltd.
251.25
-14.57
-5.48%
IN:TNPL
Tamil Nadu Newsprint & Papers Ltd.
153.15
-6.85
-4.28%
IN:WSTCSTPAPR
West Coast Paper Mills Limited
713.10
226.20
46.46%
Emami Paper Mills Limited Corporate Events
Emami Paper Mills Redeems Rs.4.5 Crore in Unlisted Preference Shares
Jul 31, 2026
Emami Paper Mills Limited has redeemed 750,000 unlisted Series II Tranche IV Optionally Convertible Redeemable Preference Shares with a face value of Rs.100 each, along with a redemption premium of Rs.500 per share. The redemption was carried out ...
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.