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Orient Paper & Industries Limited (ORIENTPPR) · mywealthgrid

Orient Paper & Industries Limited

NSE:ORIENTPPR BSE:ORIENTPPR

MaterialsPaper, Forest & Jute Products

₹16.2

-1.34%1 Oct close

Mkt cap

₹344 Cr

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About

Orient Paper operates in commodity paper products with approximately ₹230 Cr average quarterly revenue. It participates in the Materials sector's Paper, Forest & Jute Products industry in India. The company is currently unprofitable (ROE −1.92%, OPM −4.22%) with volatile margins and faces investor skepticism reflected in a 38% stock decline over the past year.

Face value: ₹1

Market cap

₹344 Cr

P/E

—

P/B

0.2×

Dividend yield

1.5%

ROE

-1.9%

ROCE

-4.2%

Debt / equity

0.2

OPM

-4.2%

EPS (TTM)

₹-3.3

Book value

₹69.2

52-week high

—

52-week low

—

Key insights

Company research notes and source-linked reviews

Key risks

Persistent loss-making: negative net profit in 6 of 8 recent quarters; current ROE −1.92%, OPM −4.22% (verify turnaround path)
Extreme margin volatility: OPM ranged from −16.2% (Sep 2025) to +3.51% (Jun 2026) (verify operational stability)
Stock down 38% in 1 year despite low debt (D/E 0.2), suggesting operational not financial distress (verify competitive position)
Minimal institutional shareholding (FII 0.18%, DII 0.28%) (verify if company-specific or sector-wide concern)

Generated analysis · source review pending

Growth drivers

Recent margin recovery: Jun 2026 OPM at 3.51% vs −4.68% in Dec 2025; verify if input costs or operations stabilized
Demonstrated profitability: Jun 2025 net profit ₹34 Cr (1.6 EPS) on ₹238 Cr revenue; verify conditions enabling profit and recurrence
Stable revenue base: ₹220–₹240 Cr per quarter across 8 recent quarters; verify demand fundamentals and pricing environment
Financial flexibility: D/E 0.2 provides debt capacity if profitability improves; verify management capital allocation priorities

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹16.2-1.2%1Y

Quick read

rule-based

Pros

+Revenue CAGR of 15.4% over the last 5 years

Cons

−Low return on equity of -1.7% (3-yr avg)
−Weak interest coverage of -3.2×

Research score

Structured signal from quality, growth, valuation and momentum.

40/100

Business quality: 18
Growth: 1
Valuation: 100

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

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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
	1,782	158	158	710	607	443	586	943	832	896	906
COGS	—	43	43	200	192	138	177	293	284	383	415
Gross profit	—	114	114	510	415	305	408	650	548	512	491
	1,765	98	98	372	367	339	425	488	487	533	529
	17	16	16	138	48	-33	-17	162	61	-21	-38
OPM %	1%	10.2%	10.2%	19.4%	7.8%	-7.5%	-2.9%	17.2%	7.3%	-2.3%	-4.2%
Depreciation	—	7	7	32	33	32	31	33	44	51	58
Interest	51	8	8	10	5	7	5	10	29	32	25
	17	32	32	34	12	10	9	29	25	16	17
Profit before tax	21	32	32	130	21	-63	-44	148	14	-89	-103
Tax	—	-3	-3	28	1	-16	-15	48	8	-34	-75
Tax %	—	-10%	-10%	21.8%	4.8%	-25.8%	-34.3%	32.8%	54.7%	-38.5%	-72.1%
	21	36	36	102	20	-47	-29	99	6	-55	-29
PAT margin %	1.2%	22.6%	22.6%	14.3%	3.3%	-10.5%	-4.9%	10.5%	0.8%	-6.1%	-3.2%
EPS (₹)	1	1.7	1.7	4.8	0.9	-2.2	-1.4	4.7	0.3	-2.6	-1.4
EPS adjusted (₹)	—	—	—	—	0.9	-2.2	-1.4	4.7	0.3	-2.6	-1.4
	24.5%	28.9%	86.7%	23%	53.2%	—	—	21.4%	86.2%	—	—
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	Annual report for Mar 2026

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	21	21	21	21	21	21	21
Reserves	—	1,447	1,532	1,494	1,598	1,514	1,447
	—	82	204	274	321	397	287
	—	410	416	415	486	476	424
Total equity & liabilities	—	1,960	2,173	2,204	2,426	2,408	2,179
	1,316	1,305	1,282	1,489	1,591	1,611	1,587
CWIP	—	54	181	71	77	65	89
Investments	—	442	545	396	503	454	215
	—	159	165	248	255	278	288
Total assets	—	1,960	2,173	2,204	2,426	2,408	2,179

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Paper & Tissue	742.19	-83.4	1,314.99	192.75	1,122.24	-7.43
Chemicals	177	21.71

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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 %	71.8%	68.3%	68.8%	69.7%	68.9%	65.9%	57.2%	54.2%
EBITDA margin %	19.4%	7.8%	-7.5%	-2.9%	17.2%	7.3%	-2.3%	-4.2%
EBIT margin %	15%	2.4%	-14.8%	-8.2%	13.7%	2.1%	-8.1%	-10.6%
PAT margin %	14.3%	3.3%	-10.5%	-4.9%	10.5%	0.8%	-6.1%	-3.2%
Working capital
Receivable days	—	—	19	14	7	5	7	7
Inventory days	—	—	185	136	167	169	142	140
Payable days	—	—	238	184	95	145	119	115
NWC days	—	—	-33	-34	80	29	30	32
Leverage
Current ratio	—	—	0.72	0.46	0.77	0.49	0.8	0.56
Debt to EBITDA	—	—	—	—	1.69	5.25	—	—
Debt to equity	—	—	0.06	0.13	0.18	0.2	0.26	0.2
Interest coverage	14	5	-8.5	-7.8	15.2	1.5	-1.7	-3.2
Asset turnover	—	—	0.23	0.27	0.43	0.34	0.37	0.42
Return ratios
Return on assets %	—	—	-2.4%	-1.3%	4.5%	0.3%	-2.3%	-1.3%
Return on capital employed %	—	—	-3.2%	-2.1%	8.3%	2.2%	-2.9%	-4.2%
Return on equity %	—	—	-3.2%	-1.9%	6.5%	0.4%	-3.6%	-2%

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.

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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
	38.74%	38.74%	38.74%	38.74%	38.74%	38.74%	38.74%	38.74%	38.74%	38.74%	38.74%	38.74%
	1.84%	0.97%	1%	1.05%	1.07%	1.01%	0.89%	0.59%	0.53%	0.51%	0.22%	0.18%
	7.78%	3.18%	3.13%	2.9%	2.93%	1.69%	0.25%	0.28%	0.29%	0.28%	0.37%	0.28%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	51.64%	57.11%	57.13%	57.31%	57.26%	58.56%	60.12%	60.39%	60.44%	60.47%	60.67%	60.8%
No. of shareholders	—	—	—	—	—	—	—	—	1,04,226	1,01,349	98,624	96,940

Promoter holding up 0 percentage points since Sep 2023.

67 deals · 12 Oct 2021 – 24 Mar 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
24 Mar 2026	MONEKA ANIL PODDAR	Bulk	NSE	Buy	15,58,134	₹15.18	₹2.37 Cr
24 Mar 2026	ANIL KANTIPRASAD PODDAR	Bulk	NSE	Sell	15,58,134	₹15.17	₹2.36 Cr
5 Jul 2024	HRTI PRIVATE LIMITED	Bulk	NSE	Sell	13,35,150	₹59.42	₹7.93 Cr
5 Jul 2024	HRTI PRIVATE LIMITED	Bulk	NSE	Buy	11,83,413	₹59.39	₹7.03 Cr
3 Jul 2024	HRTI PRIVATE LIMITED	Bulk	NSE	Sell	11,66,277	₹60.33	₹7.04 Cr
3 Jul 2024	HRTI PRIVATE LIMITED	Bulk	NSE	Buy	10,13,110	₹60.31	₹6.11 Cr
2 Jul 2024	HRTI PRIVATE LIMITED	Bulk	NSE	Sell	44,84,623	₹59.37	₹26.63 Cr
2 Jul 2024	HRTI PRIVATE LIMITED	Bulk	NSE	Buy	43,94,863	₹59.34	₹26.08 Cr
2 Jul 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	26,93,911	₹59.13	₹15.93 Cr
2 Jul 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	26,93,911	₹59.16	₹15.94 Cr

1–10 of 67

1 / 7

Mr. CHANDRA KANT BIRLANon-Executive - Non Independent Director-Chairperson related to Promoter
Ms. GAURI RASGOTRANon-Executive - Independent Director
Mr. SRINIVASAN VISHVANATHANNon-Executive - Independent Director
Mr. ASHWIN BISHNOINon-Executive - Independent Director
Mr. RAJ KUMAR AGRAWALNon-Executive - Independent Director
Mr. ANANT AGARWALExecutive Director-CEO-MD
Mr. Amit PoddarChief Financial Officer
Ram Prasad DuttaCompany Secretary & Compliance Officer

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

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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.

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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 Orient Paper & Industries Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

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

Announcements

Annual reports

Credit ratings

We wish to inform you that the Care Ratings Limited has reaffirmed Long term credit rating of the Company to CARE A; Stable and Short term credit rating of the Company to CARE A1. The ....1 Sept 2025 from CARE

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

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Events

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

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

3 announcementsExport CSV

29 Sept 2026, 2:49 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

14 Sept 2026, 11:10 amCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

10 Sept 2026, 5:26 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Notice of Postal Ballot

Postal Ballot PDF

Date	Category	Subject	Filing
29 Sept 2026, 2:49 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
14 Sept 2026, 11:10 am	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	71.8%	68.3%	68.8%	69.7%	68.9%	65.9%	57.2%	54.2%
EBITDA margin %	19.4%	7.8%	-7.5%	-2.9%	17.2%	7.3%	-2.3%	-4.2%
EBIT margin %	15%	2.4%	-14.8%	-8.2%	13.7%	2.1%	-8.1%	-10.6%
PAT margin %	14.3%	3.3%	-10.5%	-4.9%	10.5%	0.8%	-6.1%	-3.2%
Working capital
Receivable days	—	—	19	14	7	5	7	7
Inventory days	—	—	185	136	167	169	142	140
Payable days	—	—	238	184	95	145	119	115
NWC days	—	—	-33	-34	80	29	30	32
Leverage
Current ratio	—	—	0.72	0.46	0.77	0.49	0.8	0.56
Debt to EBITDA	—	—	—	—	1.69	5.25	—	—
Debt to equity	—	—	0.06	0.13	0.18	0.2	0.26	0.2
Interest coverage	14	5	-8.5	-7.8	15.2	1.5	-1.7	-3.2
Asset turnover	—	—	0.23	0.27	0.43	0.34	0.37	0.42
Return ratios
Return on assets %	—	—	-2.4%	-1.3%	4.5%	0.3%	-2.3%	-1.3%
Return on capital employed %	—	—	-3.2%	-2.1%	8.3%	2.2%	-2.9%	-4.2%
Return on equity %	—	—	-3.2%	-1.9%	6.5%	0.4%	-3.6%	-2%

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-20	-24	62	101	-12	-27
	-7	-87	-98	-98	-28	164
	35	104	35	-4	39	-138
Net cash flow	8	-8	-1	-1	-1	-0
Free cash flow	-39	-151	-68	-57	-77	-27
CFO / Operating profit %	—	—	38.1%	165.4%	—	—

Orient Paper & Industries Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Credit ratings

Events

Announcements

Not in the F&O segment

No fund holdings on record

23

1

Announcements

Annual reports

Credit ratings

Segment results

Compounded sales growth

Return on equity

CHEMICALS · revenue

Orient Paper & Industries Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Credit ratings

Events

Announcements

Ratio timeline

Not in the F&O segment

No fund holdings on record

Quarterly record

Bulk & block deals

Board and management

Dividends23

Board meetings1

Announcements

Annual reports

Credit ratings

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Return on equity

CHEMICALS · revenue

23

1