Emami Paper Mills Limited (EMAMIPAP) AI Stock Analysis

Emami Paper Mills Limited

(NSE:EMAMIPAP)

Select Model

Rating:53Neutral

Price Target:INR 115.00▲(0.84% Upside)

Action:reiterated

Date:10/24/26

Low financial performance score due to volatile revenues, inconsistent profitability, and fluctuating cash flows is the primary drag; supportive valuation metrics provide offset while technical indicators reflect mixed near-term momentum.

Positive Factors

Earnings RecoveryThe FY2026 earnings recovery indicates that the company regained profitability after a weak prior year. If operating improvement persists, it can strengthen internal funding capacity, support reinvestment in paper operations, and improve resilience across the next several quarters.

Negative Factors

Higher LeverageRising debt and a higher debt-to-equity ratio increase financial risk for a cyclical paper manufacturer. Greater leverage can reduce flexibility during weaker demand or margins, while also directing more future cash generation toward obligations rather than growth or shareholder returns.

Emami Paper Mills Limited (EMAMIPAP) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 7.09B
Dividend Yield: 2.75%
Average Volume (3M): 4,900
Price to Earnings (P/E): 7.8
Beta (1Y): 0.94
Revenue Growth: 16.70%
EPS Growth: 610.58%
Country: India
Employees: 1,090
Sector: General
Sector Strength: 55
Industry: Paper, Lumber & Forest Products

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 printing p...

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 of...

Emami Paper Mills Limited Financial Statement Overview

Summary

Significant volatility in revenue and profitability with inconsistent growth, low net margins averaging below 4%, and erratic cash flows typical of cyclical industry pressures.

Income Statement

35Negative

Balance Sheet

45Neutral

Cash Flow

40Negative

Financial statement breakdown
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	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	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

Technical Analysis SentimentPositive

Last Price114.04

Price Trends

50DMA115.37Positive

100DMA105.08Positive

200DMA91.04Positive

Market Momentum

MACD0.08Positive

RSI52.80Neutral

STOCH42.96Neutral

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 114.04 is below the 20-day moving average (MA) of 116.32, below the 50-day MA of 115.37, and above the 200-day MA of 91.04, indicating a bullish trend. The MACD of 0.08 indicates Positive momentum. The RSI at 52.80 is Neutral, neither overbought nor oversold. The STOCH value of 42.96 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

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:EMAMIPAP against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:JKPAPER	65Neutral	INR 67.03B	20.25	―	1.08%	10.27%	-11.88%
IN:WSTCSTPAPR	64Neutral	INR 53.82B	23.45	―	0.98%	8.20%	-8.74%
IN:TNPL	60Neutral	INR 8.88B	3.40	―	3.12%	2.88%	―
IN:ANDHRAPAP	59Neutral	INR 13.18B	48.06	―	0.76%	5.12%	-66.53%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:EMAMIPAP	53Neutral	INR 7.11B	7.78	―	2.75%	16.70%	610.58%
IN:SESHAPAPER	53Neutral	INR 12.75B	10.26	―	1.00%	18.52%	45.83%

* General Sector Average

Performance Comparison

IN:EMAMIPAP and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:EMAMIPAP	Emami Paper Mills Limited	113.55	18.25	19.15%
IN:ANDHRAPAP	Andhra Paper Ltd.	64.62	-12.74	-16.47%
IN:JKPAPER	JK Paper Limited	379.15	-3.24	-0.85%
IN:SESHAPAPER	Seshasayee Paper & Boards Ltd.	202.75	-52.96	-20.71%
IN:TNPL	Tamil Nadu Newsprint & Papers Ltd.	132.10	-16.77	-11.27%
IN:WSTCSTPAPR	West Coast Paper Mills Limited	810.60	362.26	80.80%

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 on...

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.

Date of analysis: Oct 23, 2026

Emami Paper Mills Limited AI Stock Analysis