Ashutosh Paper Mills Ltd (ASHUTPM)

About

Ashutosh Paper Mills Ltd operates in Paper & Paper Products within the Materials sector.

Face value: ₹10

Market cap

₹4 Cr

P/E

44.4×

P/B

1.3×

Dividend yield

0%

ROE

0%

ROCE

0.3%

Debt / equity

0

OPM

-64.7%

EPS (TTM)

₹0.2

Book value

₹5.1

52-week high

—

52-week low

—

793 historical price candles were omitted because the exchange source has not been verified.

Only one verified price point is available. The trend chart will appear when more exchange closes are stored.

Quick read

rule-based

Pros

+Almost debt-free (debt/equity 0)

Cons

−Low return on equity of 7.1% (3-yr avg)
−Revenue shrank over the last 5 years (-38.7% a year)
−Low promoter holding of 12%

Research score

Structured signal from quality, growth, valuation and momentum.

30/100

Business quality: 25
Growth: 6
Valuation: 60

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Jk Paper LimitedJKPAPERJKPAPER	₹6,937 Cr	₹9,373 Cr	₹7,365 Cr	₹968 Cr	13.1%	₹324 Cr	3.9%	7.4%	4.9%	69
West Coast Paper Mills LimitedWSTCSTPAPRWSTCSTPAPR	₹4,802 Cr	₹5,116 Cr	₹4,389 Cr	₹505 Cr	9.7%	₹237 Cr	3.6%	6%	4.4%	106
Seshasayee Paper And Boards LimitedSESHAPAPERSESHAPAPER	₹1,491 Cr	₹1,491 Cr	₹1,817 Cr	₹119 Cr	5.6%	₹99 Cr	4.8%	4.6%	4.1%	79
Andhra Paper LimitedANDHRAPAPANDHRAPAP	₹1,419 Cr	₹1,652 Cr	₹1,702 Cr	₹82 Cr	4%	₹28 Cr	1.1%	2%	1%	68
N R Agarwal Industries LimitedNRAILNRAIL	₹1,121 Cr	₹1,910 Cr	₹2,340 Cr	₹232 Cr	8.1%	₹62 Cr	2%	8.8%	5.5%	44
Tamil Nadu Newsprint & Papers LimitedTNPLTNPL	₹1,022 Cr	₹2,620 Cr	₹4,649 Cr	₹494 Cr	10.4%	₹261 Cr	5.3%	7%	11.3%	-31
Pudumjee Paper Products LimitedPDMJEPAPERPDMJEPAPER	₹907 Cr	₹930 Cr	₹814 Cr	₹125 Cr	15.3%	₹91 Cr	11.6%	17.8%	14.9%	91
Emami Paper Mills LimitedEMAMIPAPEMAMIPAP	₹707 Cr	₹1,524 Cr	₹2,008 Cr	₹241 Cr	10.3%	₹94 Cr	3.2%	14%	9.8%	107
Satia Industries LimitedSATIASATIA	₹683 Cr	₹982 Cr	₹1,443 Cr	₹119 Cr	9.1%	₹-8 Cr	2.8%	4.6%	3.8%	110
Kuantum Papers LimitedKUANTUMKUANTUM	₹670 Cr	₹1,530 Cr	₹1,174 Cr	₹162 Cr	14.8%	₹36 Cr	3.8%	5.4%	3.4%	77
Shree Rama Newsprint LimitedRAMANEWSRAMANEWS	₹433 Cr	₹810 Cr	₹33 Cr	₹-2 Cr	0.7%	₹-69 Cr	-209.4%	0.8%	—	-50
Orient Paper & Industries LimitedORIENTPPRORIENTPPR	₹344 Cr	₹631 Cr	₹895 Cr	₹-32 Cr	-4.2%	₹-71 Cr	-3.2%	-4.2%	-1.9%	32

Loading peers…

Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	—	0	10	0	—	2	0	0	0	0	0
COGS	—	—	—	—	—	2	0	0	0	0	0
Gross profit	—	—	—	—	—	0	0	0	0	0	0
	—	0	10	0	—	0	0	2	0	0	0
	—	0	-0	-0	—	-0	-0	-2	-0	-0	-0
OPM %	—	8.3%	-0.9%	-550%	—	-3.1%	-69.2%	—	-36.8%	-7.1%	-64.7%
Depreciation	—	—	—	—	—	0	0	0	0	0	0
Interest	—	—	—	—	—	0	0	0	0	0	0
	—	—	—	—	0	0	0	0	0	0	0
Profit before tax	0	0	0	0	0	0	0	-2	0	0	0
Tax	0	—	—	—	0	0	0	0	-1	-0	0
Tax %	0%	—	—	—	0%	0%	0%	0%	-625%	-100%	—
	0	0	0	0	0	0	0	-2	1	0	0
PAT margin %	—	116.7%	0.3%	300%	—	0.5%	15.4%	—	305.3%	42.9%	0%
EPS (₹)	0	0.2	—	0.1	—	0	0	-3.2	0	0	0
EPS adjusted (₹)	—	—	—	—	—	0	0	-3.2	0.9	0.1	0
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	7	7	7	7	7	7
Reserves	-2	-2	-4	-3	-3	-3
	0	0	0	0	0	0
	0	0	0	0	0	-0
Total equity & liabilities	5	5	3	3	3	3
	0	0	0	0	0	0
CWIP	—	0	0	—	0	0
Investments	0	0	0	0	0	0
	5	5	3	3	3	3
Total assets	5	5	3	3	3	3

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	2	0	-2	0	0	0
	-1	-1	2	-0	-0	0
	0	0	0	0	0	0
Net cash flow	1	-1	0	-0	0	0
Free cash flow	2	0	-2	0	0	0
CFO / Operating profit %	—	—	—	—	—	—

Compounded sales growth

7 years: -44%
5 years: -39%
3 years: 4%
1 year: 21%

Return on equity

7 years: —
5 years: -11%
3 years: 7%
Last year: 0%

Loading financials…

Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	1.5%	7.7%	0%	73.7%	28.6%	52.9%
EBITDA margin %	-550%	—	-3.1%	-69.2%	-1,466.7%	-36.8%	-7.1%	-64.7%
EBIT margin %	-550%	—	-3%	-69.2%	-1,466.7%	-36.8%	-71.4%	-64.7%
PAT margin %	300%	—	0.5%	15.4%	-1,373.3%	305.3%	42.9%	0%
Working capital
Receivable days	—	—	78	0	0	0	0	0
Inventory days	—	—	0	0	0	0	0	0
Payable days	—	—	0	0	0	0	0	0
NWC days	—	—	78	0	0	0	0	0
Leverage
Current ratio	—	—	79	4	30	0.5	—	20
Debt to EBITDA	—	—	—	—	—	—	—	—
Debt to equity	—	—	0	0	0	0	0	0
Interest coverage	—	—	—	—	—	—	—	—
Asset turnover	—	—	0.42	0.03	0.06	0.06	0.04	0.05
Return ratios
Return on assets %	—	—	0.2%	0.4%	-76.3%	17.6%	1.8%	0%
Return on capital employed %	—	—	0.2%	0.6%	-55.4%	2.3%	1.2%	0.3%
Return on equity %	—	—	0.2%	0.4%	-76.6%	17.7%	1.8%	0%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

Loading ratios…

Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	0%	3.66%	11.96%	11.96%	11.96%	11.96%	11.96%	11.96%	11.96%	11.96%	11.96%	11.96%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	100%	96.34%	88.04%	88.04%	88.04%	88.04%	88.04%	88.04%	88.04%	88.04%	88.04%	88.04%
No. of shareholders	—	—	—	—	—	—	—	2,145	2,269	2,235	2,151	2,113

Promoter holding up 11.96 percentage points since Sep 2023.

Sunil Kumar AgarwalManaging Director
Ms. Ishu AgarwalNon Independent & Non - Executive Director
Mr. Naveen AggarwalDirector
Mr. Rajeev GargIndependent & Non-Executive Director
Mr. Rajesh Kumar VaidIndependent & Non-Executive Director
Atul AgarwalDirector
Mr. Kamlesh AggarwalDirector
Mr. Sunil Kumar AgarwalChief Financial Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

Loading shareholding…

F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Ashutosh Paper Mills Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

Loading fund holders…

Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

30

Documents link to external sources (exchange filings, company investor pages).

Loading documents…

Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results11 Aug 2026

Loading events…

Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

29 announcementsExport CSV

29 Sept 2026, 2:38 pmAGM/EGM

Scrutinizer''s Report

AGM PDF

28 Sept 2026, 12:46 pmCompany Update

Announcement under Regulation 30 (LODR)-Meeting Updates

Meeting Updates PDF

28 Sept 2026, 11:38 amAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

8 Sept 2026, 3:30 pmCompany Update

Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer

Resignation of Company Secretary / Compliance Officer PDF

8 Sept 2026, 12:29 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

7 Sept 2026, 1:37 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

5 Sept 2026, 5:59 pmAGM/EGM

Notice Of AGM

AGM PDF

5 Sept 2026, 5:55 pmCorp. Action

Intimation Of Book Closure

Book Closure PDF

Date	Category	Subject	Filing
29 Sept 2026, 2:38 pm	AGM/EGM AGM	Scrutinizer''s Report	PDF
28 Sept 2026, 12:46 pm	Company Update Meeting Updates	Announcement under Regulation 30 (LODR)-Meeting Updates	PDF
28 Sept 2026, 11:38 am	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
8 Sept 2026, 3:30 pm	Company Update Resignation of Company Secretary / Compliance Officer	Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer	PDF
8 Sept 2026, 12:29 pm	Others Reg. 34 (1) Annual Report	Reg. 34 (1) Annual Report.	PDF
7 Sept 2026, 1:37 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
5 Sept 2026, 5:59 pm	AGM/EGM AGM	Notice Of AGM	PDF
5 Sept 2026, 5:55 pm	Corp. Action Book Closure	Intimation Of Book Closure	PDF

Loading announcements…

Ashutosh Paper Mills Ltd

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Return on equity

Ratios

Ratio timeline

Shareholding

Quarterly record

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

Board meetings1

Announcements

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Return on equity

Ratio timeline

Quarterly record

Board and management

No fund holdings on record

Announcements

Annual reports

Board meetings1

1

1