Ruchira Papers Limited (RUCHIRA)

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Ruchira Papers Limited (RUCHIRA) · mywealthgrid

About

Ruchira Papers manufactures paper products: ₹304 Cr market cap, ₹165–182 Cr quarterly revenue, Materials sector. Maintains conservative balance sheet (D/E 0.37) but faces significant headwinds — operating margins compressed from 17% (Sep 2024) to 8.6% (Jun 2026), earnings volatile (net profit swung ₹2.04–17.67 Cr), stock declined 25% YoY.

Face value: ₹10

Market cap

₹302 Cr

P/E

9.1×

P/B

0.6×

Dividend yield

2.5%

ROE

9.2%

ROCE

11.6%

Debt / equity

0.37

OPM

12.5%

EPS (TTM)

₹11.2

Book value

₹165.8

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Margin compression: OPM fell 17.14% (Sep 2024) → 8.62% (Jun 2026); verify if root cause is input-cost inflation, competition, or structural pricing loss
Earnings volatility: Net profit ranged ₹2.04–17.67 Cr across recent quarters; threatens dividend sustainability and investor confidence
Weak institutional presence: FII 0.86%, DII 0.03% suggest limited analyst coverage or confidence in recovery thesis
Valuation disconnect: PE 9.13 appears attractive but stock down 25% YoY; market pricing in earnings recovery risk

Generated analysis · source review pending

Growth drivers

Financial flexibility: D/E 0.37 leaves headroom for capex or working-capital support without overlever
Margin recovery potential: OPM fell from 17.14% (Sep 2024) to 8.62% (Jun 2026); stable ₹165–182 Cr revenue base could yield significantly higher profit if input-cost pressures ease
Dividend track record: Consistent payouts (Sep 2025, 2024, 2023, 2022) demonstrate cash generation; verify if margin recovery can sustain or grow distributions
Paper demand tied to India's industrial output and logistics growth; verify RUCHIRA's product mix exposure and competitive position in packaging and specialty segments

Generated analysis · source review pending

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

₹101.5-2.7%1Y

Quick read

rule-based

Pros

+Profit CAGR of 54.6% over the last 5 years
+High promoter holding of 68.7% with no pledge

Cons

−Modest revenue growth of 9.3% a year over the last 5 years

Research score

Structured signal from quality, growth, valuation and momentum.

48/100

Business quality: 39
Growth: 7
Valuation: 98

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
	363	118	118	494	481	415	613	803	658	659	649
COGS	-233	72	72	300	328	292	439	575	446	415	433
Gross profit	—	46	46	194	153	124	174	228	212	244	216
	548	30	30	112	109	99	110	119	130	137	135
	48	16	16	82	44	25	64	109	82	107	81
OPM %	13.1%	13.5%	13.5%	16.6%	9.2%	5.9%	10.4%	13.6%	12.4%	16.3%	12.5%
Depreciation	10	3	3	13	14	14	14	15	15	17	18
Interest	7	1	1	8	7	6	6	5	4	4	8
	1	1	1	1	2	1	1	2	3	4	5
Profit before tax	32	13	13	62	25	6	45	91	66	90	60
Tax	12	3	3	22	-2	1	11	23	17	23	15
Tax %	38.7%	22.3%	22.3%	35.5%	-8.9%	19.3%	25.7%	25.4%	25.5%	25.5%	25.9%
	19	10	10	40	27	5	33	68	49	67	44
PAT margin %	5.4%	8.3%	8.3%	8.2%	5.7%	1.2%	5.4%	8.4%	7.5%	10.2%	6.8%
EPS (₹)	8.7	4.1	4.1	17.4	11.3	2.1	13.1	22.7	16.5	22.6	14.8
EPS adjusted (₹)	—	—	—	—	—	1.9	11.9	22.7	16.5	22.4	14.8
	17.3%	54.5%	54.5%	12.9%	0%	48.5%	15.2%	22.1%	30.3%	22.2%	16.9%
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	24	25	30	30	30	30
Reserves	246	284	351	384	436	465
Minority interest	—	—	—	—	0	—
	64	56	42	44	86	183
	80	94	86	82	61	85
Total equity & liabilities	414	460	508	540	613	764
	235	251	296	310	302	422
CWIP	30	27	4	3	30	128
Investments	0	0	0	0	0	0
	149	182	209	227	281	213
Total assets	414	460	508	540	613	764

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	34	35	62	41	92	65
	-38	-26	-36	-26	-114	-140
	3	-9	-26	-16	23	75
Net cash flow	-1	-0	0	-0	1	-1
Free cash flow	-5	8	24	13	56	-172
CFO / Operating profit %	138.6%	54.9%	56.7%	50.4%	85.8%	80.3%

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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 %	39.3%	31.8%	29.8%	28.3%	28.4%	32.2%	37%	33.3%
EBITDA margin %	16.6%	9.2%	5.9%	10.4%	13.6%	12.4%	16.3%	12.5%
EBIT margin %	14%	6.3%	2.6%	8%	11.7%	10.2%	13.7%	9.7%
PAT margin %	8.2%	5.7%	1.2%	5.4%	8.4%	7.5%	10.2%	6.8%
Working capital
Receivable days	—	—	57	41	38	44	44	51
Inventory days	—	—	92	78	56	82	84	88
Payable days	—	—	27	21	10	11	5	11
NWC days	—	—	122	99	83	114	122	128
Leverage
Current ratio	—	—	1.58	1.77	2.31	2.83	2.43	1.68
Debt to EBITDA	—	—	2.62	0.88	0.38	0.54	0.8	2.27
Debt to equity	—	—	0.24	0.18	0.11	0.11	0.18	0.37
Interest coverage	8.8	4.6	2.1	8.3	19.1	19.7	22.9	8
Asset turnover	—	—	1	1.33	1.58	1.22	1.08	0.85
Return ratios
Return on assets %	—	—	1.2%	7.2%	13.3%	9.1%	10.9%	5.8%
Return on capital employed %	—	—	3.7%	15%	24.7%	15.8%	19%	11.6%
Return on equity %	—	—	1.8%	10.7%	17.8%	11.9%	14.3%	8.9%

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
	68.67%	68.67%	68.67%	68.67%	67.46%	68.67%	68.67%	68.67%	68.67%	68.67%	68.67%	68.67%
	1.13%	0.87%	0.85%	0.86%	2.78%	0.97%	0.91%	1.3%	0.96%	0.9%	0.9%	0.86%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0.03%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	30.2%	30.46%	30.48%	30.47%	29.76%	30.36%	30.42%	30.03%	30.37%	30.43%	30.43%	30.44%
No. of shareholders	—	—	—	—	—	—	—	—	29,556	29,428	28,821	28,093

Promoter holding up 0 percentage points since Sep 2023.

18 deals · 21 Mar 2022 – 31 Jan 2024

Date	Client	Type	Venue	Side	Quantity	Price	Value
31 Jan 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	1,71,625	₹161.33	₹2.77 Cr
31 Jan 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	1,71,625	₹161.54	₹2.77 Cr
19 Jan 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	1,74,073	₹147.63	₹2.57 Cr
19 Jan 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	1,74,073	₹147.68	₹2.57 Cr
6 Sept 2023	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	2,03,658	₹157.76	₹3.21 Cr
6 Sept 2023	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	2,03,658	₹157.69	₹3.21 Cr
5 Sept 2022	ADHISH KESKAR	Bulk	NSE	Buy	1,50,000	₹151.35	₹2.27 Cr
5 Sept 2022	ADHISH KESKAR	Bulk	NSE	Sell	5,000	₹150.08	₹0.08 Cr
26 Aug 2022	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	1,86,974	₹157.77	₹2.95 Cr
26 Aug 2022	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	1,86,974	₹157.65	₹2.95 Cr

1–10 of 18

1 / 2

Mr. SUBHASH CHANDER GARGChairperson
Mr. SUBHASH CHANDER GARGExecutive Director-Chairperson
Mr. JATINDER SINGHExecutive Director-MD
Mrs. SHASHI GARGExecutive Director
Mr. VIPIN GUPTAExecutive Director
Mr. DEEPAN GARGExecutive Director
Mrs. RUCHICA GARG KUMARExecutive Director
Mr. DALJEET SINGH MANDHANExecutive Director
Mr. KAPIL GUPTANon-Executive - Independent Director
Mr. RANJIT SINGH SIDHUNon-Executive - Independent Director
Mr. ASHWANI KUMAR AGARWALNon-Executive - Independent Director

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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 Ruchira Papers 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

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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

82 announcementsExport CSV

27 Aug 2026, 5:48 pmCompany Update

Disclosure Under Regulation 29(2) Of SEBI (Substantial Acquisition Of Shares & Takeovers) Regulations, 2011

General

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	39.3%	31.8%	29.8%	28.3%	28.4%	32.2%	37%	33.3%
EBITDA margin %	16.6%	9.2%	5.9%	10.4%	13.6%	12.4%	16.3%	12.5%
EBIT margin %	14%	6.3%	2.6%	8%	11.7%	10.2%	13.7%	9.7%
PAT margin %	8.2%	5.7%	1.2%	5.4%	8.4%	7.5%	10.2%	6.8%
Working capital
Receivable days	—	—	57	41	38	44	44	51
Inventory days	—	—	92	78	56	82	84	88
Payable days	—	—	27	21	10	11	5	11
NWC days	—	—	122	99	83	114	122	128
Leverage
Current ratio	—	—	1.58	1.77	2.31	2.83	2.43	1.68
Debt to EBITDA	—	—	2.62	0.88	0.38	0.54	0.8	2.27
Debt to equity	—	—	0.24	0.18	0.11	0.11	0.18	0.37
Interest coverage	8.8	4.6	2.1	8.3	19.1	19.7	22.9	8
Asset turnover	—	—	1	1.33	1.58	1.22	1.08	0.85
Return ratios
Return on assets %	—	—	1.2%	7.2%	13.3%	9.1%	10.9%	5.8%
Return on capital employed %	—	—	3.7%	15%	24.7%	15.8%	19%	11.6%
Return on equity %	—	—	1.8%	10.7%	17.8%	11.9%	14.3%	8.9%

Date	Category	Subject	Filing
27 Aug 2026, 5:48 pm	Company Update General	Disclosure Under Regulation 29(2) Of SEBI (Substantial Acquisition Of Shares & Takeovers) Regulations, 2011	PDF
31 Jul 2026, 12:11 pm	Company Update Credit Rating	Announcement under Regulation 30 (LODR)-Credit Rating	PDF
16 Jul 2026, 11:49 am	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
15 Jul 2026, 11:54 am	Company Update Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018	Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018	PDF
8 Jul 2026, 2:53 pm	Company Update Credit Rating	Announcement under Regulation 30 (LODR)-Credit Rating	PDF
1 Jul 2026, 2:49 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
25 Jun 2026, 11:59 am	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
2 Jun 2026, 5:01 pm	Insider Trading / SAST Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	PDF

Ruchira Papers Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Announcements

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Credit ratings

13

1

1

Compounded sales growth

Compounded profit growth

Return on equity

Ruchira Papers Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

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

Events

Announcements

Ratio timeline

Not in the F&O segment

No fund holdings on record

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Credit ratings

Dividends13

Board meetings1

Bonus issues1

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

13

1

1