Sector Alpha Week of 2026-08-05
20-quarter listed-company comparison

Paper Stocks in India

Paper: JK Paper Ltd owns the largest revenue base; N R Agarwal Industries Ltd has the fastest current growth.

01 · the index people search for

Nifty Paper Index — Constituents & Performance

The Paper companies below are the listed Indian Paper universe this page tracks — the same constituent set people search for as the Nifty Paper index. Every figure is equal-weighted across those companies, so one large constituent cannot set the reading. Each number carries its own as-of date.

02 · the sector itself · before any single company

How has Paper moved against NIFTY 500?

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this sector is 13% behind NIFTY 500. Earnings across its companies fell 51% on average over the last four reported quarters.

FADING · −1 in 4w⚠Moving with the index3 of 10 companies ahead of NIFTY 500 by 5% or more over three months

RS — · 6/10 >200d (+3) · 3/10 lead (−1) · EPS 3/9↑

20050020262025202420232022 453333 TRAILING 12-MONTH EPS · 100 AT THE START0100Sep 23Mar 24Sep 24Mar 25Sep 25Mar 26Sep 2023 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 9 reportingDec 2023 · trailing 12-month earnings per share at 90, against 100 at the start · no comparable year yet · 9 reportingMar 2024 · trailing 12-month earnings per share at 80, against 100 at the start · no comparable year yet · 9 reportingJun 2024 · trailing 12-month earnings per share at 68, against 100 at the start · no comparable year yet · 9 reportingSep 2024 · trailing 12-month earnings per share at 51, against 100 at the start · down 48.9% on a year ago · 9 reportingDec 2024 · trailing 12-month earnings per share at 40, against 100 at the start · down 54.5% on a year ago · 9 reportingMar 2025 · trailing 12-month earnings per share at 32, against 100 at the start · down 59.7% on a year ago · 9 reportingJun 2025 · trailing 12-month earnings per share at 26, against 100 at the start · down 62.9% on a year ago · 9 reportingSep 2025 · trailing 12-month earnings per share at 22, against 100 at the start · down 60.7% on a year ago · 9 reportingDec 2025 · trailing 12-month earnings per share at 20, against 100 at the start · down 43.5% on a year ago · 9 reportingMar 2026 · trailing 12-month earnings per share at 21, against 100 at the start · down 35.1% on a year ago · 9 reportingNot reported yet — earnings trail price by a quarter or two21 · Mar 26No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
20050020262025202420232022 453333 TRAILING 12-MONTH EPS · 100 AT THE START0100Mar 24Mar 25Mar 26Sep 2023 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 9 reportingDec 2023 · trailing 12-month earnings per share at 90, against 100 at the start · no comparable year yet · 9 reportingMar 2024 · trailing 12-month earnings per share at 80, against 100 at the start · no comparable year yet · 9 reportingJun 2024 · trailing 12-month earnings per share at 68, against 100 at the start · no comparable year yet · 9 reportingSep 2024 · trailing 12-month earnings per share at 51, against 100 at the start · down 48.9% on a year ago · 9 reportingDec 2024 · trailing 12-month earnings per share at 40, against 100 at the start · down 54.5% on a year ago · 9 reportingMar 2025 · trailing 12-month earnings per share at 32, against 100 at the start · down 59.7% on a year ago · 9 reportingJun 2025 · trailing 12-month earnings per share at 26, against 100 at the start · down 62.9% on a year ago · 9 reportingSep 2025 · trailing 12-month earnings per share at 22, against 100 at the start · down 60.7% on a year ago · 9 reportingDec 2025 · trailing 12-month earnings per share at 20, against 100 at the start · down 43.5% on a year ago · 9 reportingMar 2026 · trailing 12-month earnings per share at 21, against 100 at the start · down 35.1% on a year ago · 9 reportingNot reported yet — earnings trail price by a quarter or two21No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
Paper, equal-weighted, based at 200 NIFTY 500, same base, same start trailing 12-month earnings per share rising falling

Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 10 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

03 · sector relative strength, before individual stocks

Is Paper outperforming NIFTY 500?

Paper has underperformed NIFTY 500 by 7.4% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 7.1%. 4 of 10 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. West Coast Paper Mills Ltd is the strongest against the sector itself at +24.5%.

-7.1%Sector vs NIFTY 500 · 13 weeks
-7.4%Sector vs NIFTY 500 · 52 weeks
4/10Stocks leading NIFTY 500
4/9Stocks leading sector

Sector metric: — as of latest available · unclassified · direction unavailable.

The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

Paper has underperformed NIFTY 500 by 7.4% over 52 weeks and 7.1% over 13 weeks. 4 of 10 covered companies beat NIFTY on Mansfield relative strength, while 4 of 9 beat the sector itself. JK Paper Ltd leads with revenue of ₹7,319 crore, based on 9 of 10 comparable companies through Jun 2026.

Companies
10
complete canonical membership
Combined market value
₹19.5K Cr
JK Paper Ltd
Revenue growing
6/9
positive TTM year-on-year growth
Beating NIFTY 500
4/10
positive Mansfield relative strength
Comparing 5 of 10
04 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
Tamil Nadu Newsprint & Papers Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 75.8% evidence confidence.
West Coast Paper Mills Ltd has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.
How this score is built, and what the marks mean

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1Tamil Nadu Newsprint & Papers LtdTNPL 61.3/100Mixed-positive evidence76% evidence ASLEEP 22.4/35 Revenue 3.4% · PAT 100% · OPM change 3 pp 83% evidence 13.0/25 ROCE 6.4% · OPM 11% 95% evidence 11.5/20 P/E 4.2× · PEG — 15% evidence 14.4/20 RS sector 4.4% · RS bench 1.7% · 1Y -8.6%4 of 12 weeks ahead 100% evidence
Exact sum: 22.4 + 13 + 11.5 + 14.4 = 61.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2N R Agarwal Industries LtdNRAIL 58.0/100Mixed-positive evidence75% evidence ASLEEP 24.9/35 Revenue 29.3% · PAT 100% · OPM change 3 pp 62% evidence 12.4/25 ROCE 8.5% · OPM 9% 95% evidence 8.5/20 P/E 16.9× · PEG — 50% evidence 12.2/20 RS sector 8% · RS bench 5% · 1Y 37%0 of 12 weeks ahead 100% evidence
Exact sum: 24.9 + 12.4 + 8.5 + 12.2 = 58 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3JK Paper LtdJKPAPER 57.5/100Mixed-positive evidence82% evidence TURNING 17.7/35 Revenue 10% · PAT -4.9% · OPM change 0 pp 95% evidence 14.7/25 ROCE 7.6% · OPM 15% 76% evidence 7.0/20 P/E 21.7× · PEG — 50% evidence 18.1/20 RS sector 8.3% · RS bench 5.4% · 1Y 4.4%3 of 12 weeks ahead 100% evidence
Exact sum: 17.7 + 14.7 + 7 + 18.1 = 57.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4Pudumjee Paper Products LtdPDMJEPAPER 56.7/100Mixed-positive evidence77% evidence TURNING 17.0/35 Revenue -0.1% · PAT -3.1% · OPM change 4 pp 83% evidence 21.0/25 ROCE 19.8% · OPM 17% 95% evidence 13.5/20 P/E 9.6× · PEG — 50% evidence 5.2/20 RS sector -32.8% · RS bench -2.9% · 1Y -21.1%4 of 10 weeks ahead 70% evidence
Exact sum: 17 + 21 + 13.5 + 5.2 = 56.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5West Coast Paper Mills LtdWSTCSTPAPR 54.8/100Mixed-positive evidence78% evidence LEADER 16.6/35 Revenue 5.3% · PAT -53.6% · OPM change 5 pp 83% evidence 12.6/25 ROCE 6.2% · OPM 13% 76% evidence 5.6/20 P/E 24.9× · PEG — 50% evidence 20.0/20 RS sector 24.5% · RS bench 21.2% · 1Y 5%11 of 12 weeks ahead 100% evidence
Exact sum: 16.6 + 12.6 + 5.6 + 20 = 54.8 · Decision use: Price leads the evidence: RS versus the benchmark is 21.2%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
6Seshasayee Paper & Boards LtdSESHAPAPER 50.1/100Mixed-positive evidence87% evidence BASING 23.7/35 Revenue 5.9% · PAT 13.8% · OPM change 4 pp 95% evidence 8.1/25 ROCE 5.6% · OPM 9% 95% evidence 10.5/20 P/E 15.5× · PEG — 50% evidence 7.8/20 RS sector -1% · RS bench -3.8% · 1Y -14.7%0 of 12 weeks ahead 100% evidence
Exact sum: 23.7 + 8.1 + 10.5 + 7.8 = 50.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
7Kuantum Papers LtdKUANTUM 34.0/100Adverse evidence77% evidence ASLEEP 7.9/35 Revenue -1.2% · PAT -63.5% · OPM change -6 pp 83% evidence 11.0/25 ROCE 5.2% · OPM 16% 95% evidence 11.0/20 P/E 16.2× · PEG — 50% evidence 4.1/20 RS sector -30.6% · RS bench -16.2% · 1Y -41%0 of 10 weeks ahead 70% evidence
Exact sum: 7.9 + 11 + 11 + 4.1 = 34 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
8Andhra Paper LtdANDHRAPAP 30.9/100Adverse evidence70% evidence ASLEEP 12.0/35 Revenue 10.4% · PAT -79.1% · OPM change -0.2 pp 83% evidence 5.2/25 ROCE 0% · OPM 4.8% 95% evidence 8.5/20 P/E 64.7× · PEG — 15% evidence 5.2/20 RS sector -15.1% · RS bench -11.9% · 1Y -21.1%0 of 10 weeks ahead 70% evidence
Exact sum: 12 + 5.2 + 8.5 + 5.2 = 30.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
9Satia Industries LtdSATIA 25.7/100Adverse evidence83% evidence ASLEEP 4.8/35 Revenue -4% · PAT -65.5% · OPM change -11.2 pp 83% evidence 4.6/25 ROCE 3.9% · OPM 4.3% 95% evidence 9.5/20 P/E 15.1× · PEG — 50% evidence 6.8/20 RS sector -6.9% · RS bench -9.6% · 1Y -27.9%0 of 12 weeks ahead 100% evidence
Exact sum: 4.8 + 4.6 + 9.5 + 6.8 = 25.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
10KS Smart Technlogies Limited516038 42.1/100Thin evidence · provisional28% evidence ASLEEP 17.7/35 Revenue — · PAT — · OPM change — 2% evidence 7.7/25 ROCE -6% · OPM 10% 76% evidence 9.2/20 P/E 24.8× · PEG — 15% evidence 7.5/20 RS sector — · RS bench -28.6% · 1Y 56.2%0 of 12 weeks ahead 25% evidence
Exact sum: 17.7 + 7.7 + 9.2 + 7.5 = 42.1 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
05 · what price has already done

Market action

KS Smart Technlogies Limited has the strongest one-year price move in Paper at +56.2%. West Coast Paper Mills Ltd leads on Mansfield relative strength against NIFTY at +21.2%. 4 of 10 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-31.

Price and relative strength

Every company, the sector's own index and NIFTY 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

06 · compare level, then change

Revenue Scale & Growth Durability

JK Paper Ltd has the highest Revenue among the 10 Paper companies compared here, at ₹7,319 crore. Tamil Nadu Newsprint & Papers Ltd is next at ₹4,645 crore. N R Agarwal Industries Ltd has the highest Revenue growth at 29.3%, so level and change sit with different companies. Its Revenue series carries 15 reported observations across the 20-quarter window.

What the numbers say: JK Paper Ltd is the scale leader at ₹7,319 crore, 57.6% ahead of Tamil Nadu Newsprint & Papers Ltd. N R Agarwal Industries Ltd's growth is 29.3% from a ₹2,145 crore base, with 14 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderJK Paper Ltd · ₹7,319 crore
Gap57.6% versus #2 · Tamil Nadu Newsprint & Papers Ltd
Persistence5/8 recent comparable periods
Coverage9/10 companies · 130 observations

Investor read: JK Paper Ltd is the scale benchmark; N R Agarwal Industries Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: JK Paper Ltd's growth falls below N R Agarwal Industries Ltd's for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
1JK Paper Ltd JKPAPER₹7.3K Cr
2Tamil Nadu Newsprint & Papers Ltd TNPL⚠ unverified₹4.6K Cr
3West Coast Paper Mills Ltd WSTCSTPAPR₹4.3K Cr
4N R Agarwal Industries Ltd NRAIL⚠ unverified₹2.1K Cr
5Seshasayee Paper & Boards Ltd SESHAPAPER⚠ unverified₹1.8K Cr
Revenue growthfastest growers
1N R Agarwal Industries Ltd NRAIL⚠ unverified29%
2Andhra Paper Ltd ANDHRAPAP⚠ unverified10%
3JK Paper Ltd JKPAPER10%
4Seshasayee Paper & Boards Ltd SESHAPAPER⚠ unverified5.9%
5West Coast Paper Mills Ltd WSTCSTPAPR5.3%
Revenue · company comparison
9/10 level · 9/10 change

On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyRevenueRevenue growthReported
JK Paper Ltd JKPAPER₹1.9K Cr14%Jun 2026
Tamil Nadu Newsprint & Papers Ltd TNPL⚠ unverified₹1.3K Cr-4.9%Mar 2026
West Coast Paper Mills Ltd WSTCSTPAPR₹1.2K Cr20%Mar 2026
KS Smart Technlogies Limited 516038₹815 Cr—Mar 2026
N R Agarwal Industries Ltd NRAIL⚠ unverified₹605 Cr30%Mar 2026
Andhra Paper Ltd ANDHRAPAP⚠ unverified₹527 Cr29%Mar 2026
Seshasayee Paper & Boards Ltd SESHAPAPER⚠ unverified₹492 Cr28%Jun 2026
Satia Industries Ltd SATIA₹390 Cr-1.8%Mar 2026
Kuantum Papers Ltd KUANTUM⚠ unverified₹301 Cr8.7%Mar 2026
Pudumjee Paper Products Ltd PDMJEPAPER⚠ unverified₹201 Cr5.8%Mar 2026
Full 20-quarter history · every available company

Revenue · reported quarter history

Andhra Paper Ltd · ANDHRAPAP⚠ unverified

—
—
—
—
—
₹571 Cr
₹590 Cr
₹478 Cr
₹482 Cr
₹477 Cr
₹364 Cr
₹316 Cr
₹432 Cr
₹386 Cr
₹407 Cr
₹393 Cr
₹362 Cr
₹419 Cr
₹527 Cr
—

JK Paper Ltd · JKPAPER

—
—
—
—
—
₹1.6K Cr
₹1.7K Cr
₹1.6K Cr
₹1.7K Cr
₹1.7K Cr
₹1.7K Cr
₹1.7K Cr
₹1.7K Cr
₹1.6K Cr
₹1.7K Cr
₹1.7K Cr
₹1.7K Cr
₹1.7K Cr
₹2.0K Cr
₹1.9K Cr

KS Smart Technlogies Limited · 516038

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
₹186 Cr
₹815 Cr
—

Kuantum Papers Ltd · KUANTUM⚠ unverified

—
—
—
—
—
₹351 Cr
₹344 Cr
₹313 Cr
₹298 Cr
₹301 Cr
₹299 Cr
₹281 Cr
₹279 Cr
₹270 Cr
₹277 Cr
₹223 Cr
₹280 Cr
₹290 Cr
₹301 Cr
—

N R Agarwal Industries Ltd · NRAIL⚠ unverified

—
—
—
—
—
₹380 Cr
₹386 Cr
₹369 Cr
₹342 Cr
₹336 Cr
₹247 Cr
₹347 Cr
₹428 Cr
₹418 Cr
₹466 Cr
₹452 Cr
₹525 Cr
₹563 Cr
₹605 Cr
—

Pudumjee Paper Products Ltd · PDMJEPAPER⚠ unverified

—
—
—
—
—
₹182 Cr
₹183 Cr
₹181 Cr
₹195 Cr
₹204 Cr
₹205 Cr
₹203 Cr
₹222 Cr
₹194 Cr
₹190 Cr
₹196 Cr
₹207 Cr
₹204 Cr
₹201 Cr
—

Satia Industries Ltd · SATIA

—
—
—
—
—
₹487 Cr
₹521 Cr
₹481 Cr
₹373 Cr
₹436 Cr
₹431 Cr
₹399 Cr
₹340 Cr
₹376 Cr
₹397 Cr
₹371 Cr
₹311 Cr
₹380 Cr
₹390 Cr
—

Seshasayee Paper & Boards Ltd · SESHAPAPER⚠ unverified

—
—
—
—
—
₹556 Cr
₹573 Cr
₹427 Cr
₹362 Cr
₹473 Cr
₹539 Cr
₹422 Cr
₹398 Cr
₹431 Cr
₹502 Cr
₹385 Cr
₹346 Cr
₹387 Cr
₹592 Cr
₹492 Cr

Tamil Nadu Newsprint & Papers Ltd · TNPL⚠ unverified

—
—
—
—
—
₹1.2K Cr
₹1.4K Cr
₹1.3K Cr
₹958 Cr
₹1.2K Cr
₹1.2K Cr
₹1.1K Cr
₹914 Cr
₹1.1K Cr
₹1.3K Cr
₹1.1K Cr
₹1.1K Cr
₹1.1K Cr
₹1.3K Cr
—

West Coast Paper Mills Ltd · WSTCSTPAPR

—
—
—
—
—
₹1.2K Cr
₹1.4K Cr
₹1.1K Cr
₹1.2K Cr
₹1.0K Cr
₹1.1K Cr
₹960 Cr
₹1.0K Cr
₹1.0K Cr
₹1.0K Cr
₹955 Cr
₹1.0K Cr
₹1.0K Cr
₹1.2K Cr
—

Revenue growth · reported quarter history

Andhra Paper Ltd · ANDHRAPAP⚠ unverified

—
—
—
—
—
—
—
—
—
-17%
-38%
-34%
-10%
-19%
12%
25%
-16%
8.6%
29%
—

JK Paper Ltd · JKPAPER

—
—
—
—
—
—
—
—
—
3.8%
0.0%
8.2%
2.0%
-4.3%
-2.4%
-3.1%
3.9%
5.2%
17%
14%

Kuantum Papers Ltd · KUANTUM⚠ unverified

—
—
—
—
—
—
—
—
—
-14%
-13%
-10%
-6.4%
-10%
-7.4%
-21%
0.4%
7.4%
8.7%
—

N R Agarwal Industries Ltd · NRAIL⚠ unverified

—
—
—
—
—
—
—
—
—
-12%
-36%
-6.0%
25%
24%
89%
30%
23%
35%
30%
—

Pudumjee Paper Products Ltd · PDMJEPAPER⚠ unverified

—
—
—
—
—
—
—
—
—
12%
12%
12%
14%
-4.9%
-7.3%
-3.5%
-6.8%
5.2%
5.8%
—

Satia Industries Ltd · SATIA

—
—
—
—
—
—
—
—
—
-11%
-17%
-17%
-8.9%
-14%
-7.9%
-7.1%
-8.5%
1.2%
-1.8%
—

Seshasayee Paper & Boards Ltd · SESHAPAPER⚠ unverified

—
—
—
—
—
—
—
—
—
-15%
-5.9%
-1.2%
9.9%
-8.9%
-6.9%
-8.8%
-13%
-10%
18%
28%

Tamil Nadu Newsprint & Papers Ltd · TNPL⚠ unverified

—
—
—
—
—
—
—
—
—
-0.6%
-14%
-12%
-4.6%
-9.4%
8.8%
2.2%
21%
-0.3%
-4.9%
—

West Coast Paper Mills Ltd · WSTCSTPAPR

—
—
—
—
—
—
—
—
—
-16%
-21%
-16%
-12%
-2.8%
-2.7%
-0.5%
-0.2%
2.0%
20%
—
07 · compare level, then change

Operating Economics & Margin Trend

Pudumjee Paper Products Ltd has the highest OPM among the 10 Paper companies compared here, at 17%. Kuantum Papers Ltd is next at 16%. West Coast Paper Mills Ltd has the highest Margin change at +5 percentage points, so level and change sit with different companies. 10 of 10 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Pudumjee Paper Products Ltd leads opm at 17%; West Coast Paper Mills Ltd leads margin change at +5 percentage points.

LeaderPudumjee Paper Products Ltd · 17%
Gap6.3% versus #2 · Kuantum Papers Ltd
Persistence4/8 recent comparable periods
Coverage10/10 companies · 175 observations

Investor read: Pudumjee Paper Products Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
1Pudumjee Paper Products Ltd PDMJEPAPER⚠ unverified17%
2Kuantum Papers Ltd KUANTUM⚠ unverified16%
3JK Paper Ltd JKPAPER15%
4West Coast Paper Mills Ltd WSTCSTPAPR13%
5Tamil Nadu Newsprint & Papers Ltd TNPL⚠ unverified11%
Margin changefastest expanders
1West Coast Paper Mills Ltd WSTCSTPAPR+5.0 pp
2Pudumjee Paper Products Ltd PDMJEPAPER⚠ unverified+4.0 pp
3Seshasayee Paper & Boards Ltd SESHAPAPER⚠ unverified+4.0 pp
4N R Agarwal Industries Ltd NRAIL⚠ unverified+3.0 pp
5Tamil Nadu Newsprint & Papers Ltd TNPL⚠ unverified+3.0 pp
Operating margin · company comparison
10/10 level · 9/10 change
All-company data · latest reported quarter
CompanyOPMMargin changeReported
Pudumjee Paper Products Ltd PDMJEPAPER⚠ unverified17%+4.0 ppMar 2026
Kuantum Papers Ltd KUANTUM⚠ unverified16%−6.0 ppMar 2026
JK Paper Ltd JKPAPER15%0.0 ppJun 2026
West Coast Paper Mills Ltd WSTCSTPAPR13%+5.0 ppMar 2026
Tamil Nadu Newsprint & Papers Ltd TNPL⚠ unverified11%+3.0 ppMar 2026
KS Smart Technlogies Limited 51603810%—Mar 2026
Seshasayee Paper & Boards Ltd SESHAPAPER⚠ unverified9.0%+4.0 ppJun 2026
N R Agarwal Industries Ltd NRAIL⚠ unverified9.0%+3.0 ppMar 2026
Andhra Paper Ltd ANDHRAPAP⚠ unverified4.8%−0.2 ppMar 2026
Satia Industries Ltd SATIA4.3%−11.2 ppMar 2026
Full 20-quarter history · every available company

OPM · reported quarter history

Andhra Paper Ltd · ANDHRAPAP⚠ unverified

10%
18%
19%
27%
30%
41%
39%
32%
27%
23%
9.7%
11%
12%
7.3%
5.0%
8.5%
-1.9%
3.7%
4.8%
—

JK Paper Ltd · JKPAPER

23%
25%
25%
30%
33%
34%
28%
30%
25%
22%
21%
16%
16%
10%
13%
15%
13%
10%
14%
15%

KS Smart Technlogies Limited · 516038

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
17%
10%
—

Kuantum Papers Ltd · KUANTUM⚠ unverified

20%
13%
13%
22%
29%
30%
33%
35%
27%
26%
21%
25%
22%
19%
22%
18%
12%
14%
16%
—

N R Agarwal Industries Ltd · NRAIL⚠ unverified

6.1%
7.0%
9.6%
12%
11%
10%
9.0%
13%
14%
14%
14%
8.0%
6.0%
7.0%
6.0%
3.6%
8.0%
10%
9.0%
—

Pudumjee Paper Products Ltd · PDMJEPAPER⚠ unverified

12%
12%
10%
14%
12%
11%
9.0%
10%
13%
22%
24%
18%
17%
13%
13%
17%
14%
14%
17%
—

Satia Industries Ltd · SATIA

19%
18%
19%
17%
20%
23%
26%
31%
23%
21%
21%
28%
13%
14%
16%
17%
2.1%
10%
4.3%
—

Seshasayee Paper & Boards Ltd · SESHAPAPER⚠ unverified

12%
4.6%
17%
20%
27%
27%
27%
22%
25%
19%
13%
11%
8.0%
1.8%
5.0%
5.0%
8.0%
6.0%
4.0%
9.0%

Tamil Nadu Newsprint & Papers Ltd · TNPL⚠ unverified

10%
8.4%
8.1%
15%
20%
23%
19%
25%
16%
11%
13%
13%
14%
4.7%
8.0%
9.0%
11%
10%
11%
—

West Coast Paper Mills Ltd · WSTCSTPAPR

16%
18%
22%
29%
30%
37%
36%
35%
26%
21%
16%
18%
14%
8.0%
8.0%
12%
7.0%
7.0%
13%
—

Margin change · reported quarter history

Andhra Paper Ltd · ANDHRAPAP⚠ unverified

+11.2 pp
+11.4 pp
+2.8 pp
+11.2 pp
+19.9 pp
+23.6 pp
+19.5 pp
+5.1 pp
−2.8 pp
−18.5 pp
−29.1 pp
−21.8 pp
−15.1 pp
−15.7 pp
−4.7 pp
−2.1 pp
−14.0 pp
−3.7 pp
−0.2 pp
—

JK Paper Ltd · JKPAPER

+5.2 pp
+3.7 pp
−0.4 pp
+0.8 pp
+9.6 pp
+9.5 pp
+2.9 pp
+0.4 pp
−7.8 pp
−12.0 pp
−7.0 pp
−14.0 pp
−9.0 pp
−12.0 pp
−8.0 pp
−1.0 pp
−3.0 pp
0.0 pp
+1.0 pp
0.0 pp

Kuantum Papers Ltd · KUANTUM⚠ unverified

+21.6 pp
+2.5 pp
−3.4 pp
+11.7 pp
+9.3 pp
+16.7 pp
+19.9 pp
+12.8 pp
−2.1 pp
−4.0 pp
−12.0 pp
−10.0 pp
−5.0 pp
−7.0 pp
+1.0 pp
−7.0 pp
−10.0 pp
−5.0 pp
−6.0 pp
—

N R Agarwal Industries Ltd · NRAIL⚠ unverified

−7.9 pp
−3.7 pp
+2.8 pp
−0.5 pp
+4.6 pp
+3.0 pp
−0.6 pp
+1.0 pp
+3.3 pp
+4.0 pp
+5.0 pp
−5.0 pp
−8.0 pp
−7.0 pp
−8.0 pp
−4.4 pp
+2.0 pp
+3.0 pp
+3.0 pp
—

Pudumjee Paper Products Ltd · PDMJEPAPER⚠ unverified

−4.2 pp
−8.4 pp
−6.9 pp
−4.8 pp
+0.4 pp
−0.5 pp
−1.5 pp
−4.0 pp
+0.8 pp
+11.0 pp
+15.0 pp
+8.0 pp
+4.0 pp
−9.0 pp
−11.0 pp
−1.0 pp
−3.0 pp
+1.0 pp
+4.0 pp
—

Satia Industries Ltd · SATIA

−6.5 pp
+1.2 pp
−7.5 pp
−9.6 pp
+1.2 pp
+4.9 pp
+6.8 pp
+14.3 pp
+2.9 pp
−1.8 pp
−5.1 pp
−3.3 pp
−9.9 pp
−7.1 pp
−5.6 pp
−10.7 pp
−11.1 pp
−4.0 pp
−11.2 pp
—

Seshasayee Paper & Boards Ltd · SESHAPAPER⚠ unverified

−6.6 pp
−3.8 pp
+6.4 pp
+6.0 pp
+14.7 pp
+22.4 pp
+10.2 pp
+1.6 pp
−1.7 pp
−8.0 pp
−14.0 pp
−11.0 pp
−17.0 pp
−17.2 pp
−8.0 pp
−6.0 pp
0.0 pp
+4.2 pp
−1.0 pp
+4.0 pp

Tamil Nadu Newsprint & Papers Ltd · TNPL⚠ unverified

−4.0 pp
+4.7 pp
+0.7 pp
+4.9 pp
+9.9 pp
+14.6 pp
+10.9 pp
+10.1 pp
−3.9 pp
−11.9 pp
−6.0 pp
−12.0 pp
−2.0 pp
−6.3 pp
−5.0 pp
−4.0 pp
−3.0 pp
+5.3 pp
+3.0 pp
—

West Coast Paper Mills Ltd · WSTCSTPAPR

+11.1 pp
+8.1 pp
+4.3 pp
+10.2 pp
+14.6 pp
+18.6 pp
+14.4 pp
+6.2 pp
−4.4 pp
−16.0 pp
−20.0 pp
−17.0 pp
−12.0 pp
−13.0 pp
−8.0 pp
−6.0 pp
−7.0 pp
−1.0 pp
+5.0 pp
—
08 · compare level, then change

Profit Scale & Acceleration

JK Paper Ltd has the highest Net profit among the 10 Paper companies compared here, at ₹328 crore. Tamil Nadu Newsprint & Papers Ltd is next at ₹248 crore. Tamil Nadu Newsprint & Papers Ltd has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: JK Paper Ltd leads with ₹328 crore of TTM profit, 32.3% above Tamil Nadu Newsprint & Papers Ltd. Tamil Nadu Newsprint & Papers Ltd shows ≥100% on the scoring scale (6100% uncapped) growth from a ₹248 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderJK Paper Ltd · ₹328 crore
Gap32.3% versus #2 · Tamil Nadu Newsprint & Papers Ltd
Persistence2/8 recent comparable periods
Coverage9/10 companies · 130 observations

Investor read: JK Paper Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profitlargest
1JK Paper Ltd JKPAPER₹328 Cr
2Tamil Nadu Newsprint & Papers Ltd TNPL⚠ unverified₹248 Cr
3West Coast Paper Mills Ltd WSTCSTPAPR₹156 Cr
4Seshasayee Paper & Boards Ltd SESHAPAPER⚠ unverified₹99 Cr
5Pudumjee Paper Products Ltd PDMJEPAPER⚠ unverified₹94 Cr
Profit growthfastest growers
1Tamil Nadu Newsprint & Papers Ltd TNPL⚠ unverified100%
2Seshasayee Paper & Boards Ltd SESHAPAPER⚠ unverified14%
3Pudumjee Paper Products Ltd PDMJEPAPER⚠ unverified-3.1%
4JK Paper Ltd JKPAPER-4.9%
5West Coast Paper Mills Ltd WSTCSTPAPR-54%
Net profit · company comparison
9/10 level · 8/10 change
All-company data · latest reported quarter
CompanyNet profitProfit growthReported
Tamil Nadu Newsprint & Papers Ltd TNPL⚠ unverified₹240 Cr991%Mar 2026
JK Paper Ltd JKPAPER₹136 Cr62%Jun 2026
KS Smart Technlogies Limited 516038₹57 Cr—Mar 2026
West Coast Paper Mills Ltd WSTCSTPAPR₹54 Cr17%Mar 2026
Seshasayee Paper & Boards Ltd SESHAPAPER⚠ unverified₹32 Cr113%Jun 2026
Pudumjee Paper Products Ltd PDMJEPAPER⚠ unverified₹20 Cr5.3%Mar 2026
N R Agarwal Industries Ltd NRAIL⚠ unverified₹14 Cr7.7%Mar 2026
Kuantum Papers Ltd KUANTUM⚠ unverified₹14 Cr-46%Mar 2026
Andhra Paper Ltd ANDHRAPAP⚠ unverified₹8 Cr-1.7%Mar 2026
Satia Industries Ltd SATIA₹6 Cr-84%Mar 2026
Full 20-quarter history · every available company

Net profit · reported quarter history

Andhra Paper Ltd · ANDHRAPAP⚠ unverified

—
—
—
—
—
₹170 Cr
₹154 Cr
₹119 Cr
₹100 Cr
₹82 Cr
₹38 Cr
₹28 Cr
₹42 Cr
₹12 Cr
₹8 Cr
₹21 Cr
₹-20 Cr
₹10 Cr
₹8 Cr
—

JK Paper Ltd · JKPAPER

—
—
—
—
—
₹334 Cr
₹284 Cr
₹313 Cr
₹306 Cr
₹236 Cr
₹279 Cr
₹141 Cr
₹129 Cr
₹65 Cr
₹67 Cr
₹84 Cr
₹78 Cr
₹24 Cr
₹90 Cr
₹136 Cr

KS Smart Technlogies Limited · 516038

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
₹17 Cr
₹57 Cr
—

Kuantum Papers Ltd · KUANTUM⚠ unverified

—
—
—
—
—
₹57 Cr
₹65 Cr
₹65 Cr
₹43 Cr
₹42 Cr
₹34 Cr
₹38 Cr
₹30 Cr
₹21 Cr
₹26 Cr
₹12 Cr
₹6 Cr
₹10 Cr
₹14 Cr
—

N R Agarwal Industries Ltd · NRAIL⚠ unverified

—
—
—
—
—
₹19 Cr
₹20 Cr
₹41 Cr
₹38 Cr
₹31 Cr
₹16 Cr
₹3 Cr
₹8 Cr
₹13 Cr
₹-7 Cr
₹17 Cr
₹-1 Cr
₹14 Cr
₹14 Cr
—

Pudumjee Paper Products Ltd · PDMJEPAPER⚠ unverified

—
—
—
—
—
₹13 Cr
₹11 Cr
₹11 Cr
₹18 Cr
₹32 Cr
₹37 Cr
₹28 Cr
₹30 Cr
₹20 Cr
₹19 Cr
₹36 Cr
₹17 Cr
₹21 Cr
₹20 Cr
—

Satia Industries Ltd · SATIA

—
—
—
—
—
₹65 Cr
₹46 Cr
₹84 Cr
₹48 Cr
₹40 Cr
₹39 Cr
₹51 Cr
₹12 Cr
₹20 Cr
₹35 Cr
₹32 Cr
₹-25 Cr
₹28 Cr
₹6 Cr
—

Seshasayee Paper & Boards Ltd · SESHAPAPER⚠ unverified

—
—
—
—
—
₹112 Cr
₹118 Cr
₹72 Cr
₹73 Cr
₹69 Cr
₹57 Cr
₹37 Cr
₹28 Cr
₹17 Cr
₹27 Cr
₹15 Cr
₹22 Cr
₹19 Cr
₹26 Cr
₹32 Cr

Tamil Nadu Newsprint & Papers Ltd · TNPL⚠ unverified

—
—
—
—
—
₹113 Cr
₹103 Cr
₹129 Cr
₹30 Cr
₹16 Cr
₹33 Cr
₹22 Cr
₹3 Cr
₹-43 Cr
₹22 Cr
₹-7 Cr
₹8 Cr
₹7 Cr
₹240 Cr
—

West Coast Paper Mills Ltd · WSTCSTPAPR

—
—
—
—
—
₹311 Cr
₹321 Cr
₹278 Cr
₹219 Cr
₹159 Cr
₹130 Cr
₹122 Cr
₹101 Cr
₹67 Cr
₹46 Cr
₹60 Cr
₹12 Cr
₹30 Cr
₹54 Cr
—

Profit growth · reported quarter history

Andhra Paper Ltd · ANDHRAPAP⚠ unverified

—
—
—
—
—
—
—
—
—
-52%
-75%
-77%
-58%
-86%
-80%
-23%
-149%
-15%
-1.7%
—

JK Paper Ltd · JKPAPER

—
—
—
—
—
—
—
—
—
-29%
-1.8%
-55%
-58%
-72%
-76%
-40%
-40%
-63%
34%
62%

Kuantum Papers Ltd · KUANTUM⚠ unverified

—
—
—
—
—
—
—
—
—
-27%
-48%
-42%
-30%
-50%
-24%
-68%
-80%
-52%
-46%
—

N R Agarwal Industries Ltd · NRAIL⚠ unverified

—
—
—
—
—
—
—
—
—
63%
-20%
-93%
-79%
-58%
-144%
467%
-113%
7.7%
—
—

Pudumjee Paper Products Ltd · PDMJEPAPER⚠ unverified

—
—
—
—
—
—
—
—
—
146%
236%
155%
67%
-38%
-49%
29%
-43%
5.0%
5.3%
—

Satia Industries Ltd · SATIA

—
—
—
—
—
—
—
—
—
-39%
-15%
-39%
-74%
-50%
-10%
-38%
-299%
42%
-84%
—

Seshasayee Paper & Boards Ltd · SESHAPAPER⚠ unverified

—
—
—
—
—
—
—
—
—
-38%
-52%
-49%
-62%
-75%
-53%
-59%
-21%
12%
-3.7%
113%

Tamil Nadu Newsprint & Papers Ltd · TNPL⚠ unverified

—
—
—
—
—
—
—
—
—
-86%
-68%
-83%
-90%
-369%
-33%
-132%
167%
—
991%
—

West Coast Paper Mills Ltd · WSTCSTPAPR

—
—
—
—
—
—
—
—
—
-49%
-60%
-56%
-54%
-58%
-65%
-51%
-88%
-55%
17%
—
09 · compare level, then change

Return On Capital Employed

Pudumjee Paper Products Ltd has the highest ROCE among the 10 Paper companies compared here, at 19.8%. N R Agarwal Industries Ltd is next at 8.5%. N R Agarwal Industries Ltd has the highest ROCE change at +4.6 percentage points, so level and change sit with different companies. Its ROCE series carries 15 reported observations across the 20-quarter window.

What the numbers say: Pudumjee Paper Products Ltd leads ROCE at 19.8%, 11.3 percentage points above N R Agarwal Industries Ltd. N R Agarwal Industries Ltd has the strongest latest improvement at +4.6 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

LeaderPudumjee Paper Products Ltd · 19.8%
Gap133.8% versus #2 · N R Agarwal Industries Ltd
Persistence3/8 recent comparable periods
Coverage10/10 companies · 90 observations

Investor read: Pudumjee Paper Products Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCEhighest
1Pudumjee Paper Products Ltd PDMJEPAPER⚠ unverified20%
2N R Agarwal Industries Ltd NRAIL⚠ unverified8.5%
3JK Paper Ltd JKPAPER7.6%
4Tamil Nadu Newsprint & Papers Ltd TNPL⚠ unverified6.4%
5West Coast Paper Mills Ltd WSTCSTPAPR6.2%
ROCE changefastest improvers
1N R Agarwal Industries Ltd NRAIL⚠ unverified+4.6 pp
2Tamil Nadu Newsprint & Papers Ltd TNPL⚠ unverified0.0 pp
3Seshasayee Paper & Boards Ltd SESHAPAPER⚠ unverified−0.8 pp
4JK Paper Ltd JKPAPER−1.0 pp
5Pudumjee Paper Products Ltd PDMJEPAPER⚠ unverified−2.9 pp
Return on capital · company comparison
10/10 level · 9/10 change

Withheld from this chart: JK Paper Ltd (JKPAPER) — its two data sources disagree by up to 13% on reported income across 14 comparable periods, so its derived ratios are withheld; West Coast Paper Mills Ltd (WSTCSTPAPR) — its two data sources disagree by up to 42% on reported income across 14 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

All-company data · latest reported quarter
CompanyROCEROCE changeReported
Pudumjee Paper Products Ltd PDMJEPAPER⚠ unverified14%−2.9 ppMar 2026
N R Agarwal Industries Ltd NRAIL⚠ unverified6.9%+4.6 ppMar 2026
Kuantum Papers Ltd KUANTUM⚠ unverified4.8%−5.6 ppMar 2026
Tamil Nadu Newsprint & Papers Ltd TNPL⚠ unverified4.7%0.0 ppMar 2026
Seshasayee Paper & Boards Ltd SESHAPAPER⚠ unverified2.2%−0.8 ppJun 2026
Andhra Paper Ltd ANDHRAPAP⚠ unverified-1.8%−4.2 ppMar 2026
Full 20-quarter history · every available company

ROCE · reported quarter history

Andhra Paper Ltd · ANDHRAPAP⚠ unverified

7.3%
—
13%
—
26%
—
41%
—
38%
39%
18%
18%
7.3%
8.4%
2.4%
6.3%
-0.9%
1.9%
-1.8%
—

Kuantum Papers Ltd · KUANTUM⚠ unverified

3.6%
—
4.9%
—
11%
—
23%
—
24%
22%
17%
16%
13%
13%
10%
9.4%
6.7%
6.7%
4.8%
—

N R Agarwal Industries Ltd · NRAIL⚠ unverified

15%
—
16%
—
20%
—
17%
—
11%
16%
12%
11%
7.5%
7.3%
2.3%
6.2%
2.6%
7.2%
6.9%
—

Pudumjee Paper Products Ltd · PDMJEPAPER⚠ unverified

18%
—
12%
—
15%
—
15%
—
12%
20%
21%
29%
24%
27%
17%
23%
14%
19%
14%
—

Seshasayee Paper & Boards Ltd · SESHAPAPER⚠ unverified

5.9%
—
8.9%
—
18%
—
27%
—
23%
25%
14%
16%
8.9%
8.9%
3.0%
5.2%
1.6%
5.3%
2.2%
—

Tamil Nadu Newsprint & Papers Ltd · TNPL⚠ unverified

1.4%
—
4.6%
—
13%
—
22%
—
23%
19%
14%
11%
9.0%
7.0%
4.7%
4.9%
3.0%
7.1%
4.7%
—

ROCE change · reported quarter history

Andhra Paper Ltd · ANDHRAPAP⚠ unverified

—
—
—
—
+18.5 pp
—
+27.8 pp
—
+11.7 pp
—
−22.4 pp
—
−30.2 pp
−30.7 pp
−15.7 pp
−12.0 pp
−8.2 pp
−6.5 pp
−4.2 pp
—

Kuantum Papers Ltd · KUANTUM⚠ unverified

—
—
—
—
+7.8 pp
—
+17.7 pp
—
+12.4 pp
—
−5.6 pp
—
−11.0 pp
−9.0 pp
−6.6 pp
−6.9 pp
−6.1 pp
−6.0 pp
−5.6 pp
—

N R Agarwal Industries Ltd · NRAIL⚠ unverified

—
—
—
—
+4.6 pp
—
+0.6 pp
—
−8.1 pp
—
−5.1 pp
—
−3.9 pp
−8.3 pp
−9.4 pp
−5.2 pp
−4.9 pp
−0.1 pp
+4.6 pp
—

Pudumjee Paper Products Ltd · PDMJEPAPER⚠ unverified

—
—
—
—
−2.5 pp
—
+2.4 pp
—
−3.2 pp
—
+6.6 pp
—
+11.8 pp
+7.1 pp
−4.4 pp
−5.9 pp
−9.9 pp
−8.0 pp
−2.9 pp
—

Seshasayee Paper & Boards Ltd · SESHAPAPER⚠ unverified

—
—
—
—
+11.9 pp
—
+18.5 pp
—
+5.4 pp
—
−13.1 pp
—
−14.3 pp
−16.3 pp
−11.3 pp
−11.0 pp
−7.3 pp
−3.6 pp
−0.8 pp
—

Tamil Nadu Newsprint & Papers Ltd · TNPL⚠ unverified

—
—
—
—
+11.1 pp
—
+17.6 pp
—
+10.5 pp
—
−7.8 pp
—
−14.0 pp
−11.7 pp
−9.7 pp
−5.8 pp
−6.0 pp
+0.1 pp
0.0 pp
—
10 · compare level, then change

Valuation Against Growth & Quality

No company in this Paper comparison reports a valuation figure this section can compare, so the PEG rank is empty. On P/E, Tamil Nadu Newsprint & Papers Ltd is lowest at 4.21×, across 10 of 10 companies with a usable reading. PEG asks what price is being paid for growth; P/E keeps that answer anchored to the actual earnings multiple.

What the numbers say: There is not enough comparable evidence to name a reliable peg leader.

LeaderNo comparable leader
GapNot enough peers
PersistenceNot enough history
Coverage0/10 companies · 0 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.
PEGlowest PEG
—Not enough comparable data—
P/Elowest P/E
1Tamil Nadu Newsprint & Papers Ltd TNPL⚠ unverified4.2
2Pudumjee Paper Products Ltd PDMJEPAPER⚠ unverified9.6
3Satia Industries Ltd SATIA15.1
4Seshasayee Paper & Boards Ltd SESHAPAPER⚠ unverified15.5
5Kuantum Papers Ltd KUANTUM⚠ unverified16.2
Valuation · company comparison
0/10 level · 10/10 change
All-company data · latest reported quarter
CompanyPEGP/EReported
KS Smart Technlogies Limited 516038—1.7Mar 2026
JK Paper Ltd JKPAPER—22.4Jun 2026
West Coast Paper Mills Ltd WSTCSTPAPR—19.4Mar 2026
Seshasayee Paper & Boards Ltd SESHAPAPER⚠ unverified—17.1Jun 2026
Andhra Paper Ltd ANDHRAPAP⚠ unverified—62.8Mar 2026
Tamil Nadu Newsprint & Papers Ltd TNPL⚠ unverified—29.3Mar 2026
Pudumjee Paper Products Ltd PDMJEPAPER⚠ unverified—6.9Mar 2026
N R Agarwal Industries Ltd NRAIL⚠ unverified—26.1Mar 2026
Kuantum Papers Ltd KUANTUM⚠ unverified—11.1Mar 2026
Satia Industries Ltd SATIA—7.7Mar 2026
Full 20-quarter history · every available company

No consistent historical series is available for peg.

P/E · reported quarter history

Andhra Paper Ltd · ANDHRAPAP⚠ unverified

19.5
10.7
9.9
8.4
8.9
5.7
3.9
3.1
4.2
4.4
4.1
6.7
8.5
10.0
11.5
18.6
18.3
64.7
62.8
—

JK Paper Ltd · JKPAPER

11.8
8.2
10.1
8.9
9.2
7.5
5.8
4.5
5.3
5.7
4.8
8.2
8.0
9.2
8.7
15.7
18.4
21.5
22.1
22.4

KS Smart Technlogies Limited · 516038

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
1.7
—

Kuantum Papers Ltd · KUANTUM⚠ unverified

49.2
30.2
26.3
43.9
28.7
16.5
8.1
8.7
6.4
6.5
6.3
7.5
7.7
7.7
7.2
8.6
10.9
12.4
11.1
—

N R Agarwal Industries Ltd · NRAIL⚠ unverified

8.0
7.7
8.7
6.1
9.8
5.6
3.5
5.1
5.7
5.8
5.7
6.9
7.0
10.9
9.4
33.9
21.4
33.4
26.1
—

Pudumjee Paper Products Ltd · PDMJEPAPER⚠ unverified

5.2
5.1
6.8
7.2
7.8
8.0
5.8
6.5
9.3
9.4
8.3
10.8
9.3
14.5
8.1
11.5
10.7
9.7
6.9
—

Satia Industries Ltd · SATIA

15.9
13.3
11.1
11.2
11.7
9.4
6.0
5.9
5.2
5.7
5.0
6.0
6.8
6.7
5.4
7.5
8.0
10.6
7.7
—

Seshasayee Paper & Boards Ltd · SESHAPAPER⚠ unverified

10.2
8.2
9.6
10.4
11.5
7.7
4.4
4.5
6.0
6.0
5.6
7.7
9.2
10.4
11.8
17.4
18.1
18.7
20.0
17.1

Tamil Nadu Newsprint & Papers Ltd · TNPL⚠ unverified

-20.6
-70.2
81.0
82.8
18.0
8.3
4.9
3.7
4.0
5.5
6.1
9.0
14.5
18.0
59.9
60.1
-54.6
33.6
29.3
—

West Coast Paper Mills Ltd · WSTCSTPAPR

23.6
8.8
8.2
6.6
7.1
5.7
4.5
3.5
4.6
4.9
4.5
6.4
7.2
8.0
7.0
10.8
12.1
15.3
19.4
—
11 · before the conclusion, check the blind spots

What can make this comparison misleading?

This Paper comparison names 7 specific ways its own evidence can mislead, all listed below. All 10 companies here report on comparable dates, so no rank carries a stale marker. 6 draw at least one figure from a second feed with too little overlap to cross-check. 2 have second-feed figures withheld because the two sources disagree.

Keep these limits visible

  • A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
  • A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
  • The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
  • An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
  • 6 companies draw at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; they are marked unverified wherever those figures appear.
  • 2 companies are missing from the second-feed metrics by decision, not by absence: the two sources disagree, so nothing from the second is drawn. Read those rows as narrower evidence, never as a weaker business.
  • Thin comparisons: Valuation have fewer than three usable current readings.
12 · evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 10 Paper companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-07-31. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-07-31 · weekly price and relative-strength history
Derived metricsGrowth, changes and PEG are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Source standing0 cross-checked · 8 unverified · 2 withheld, of 10 graded companies.
How a second data feed is admitted, and what happens when it disagrees

A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from.

13 · questions investors ask, short speakable answers

Paper company comparison FAQs

These 22 answers restate the Paper comparison above in question form. Every one is computed from the same 10 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-07-31. Nothing here is estimated, and none of it is a recommendation.

Is the Paper sector outperforming NIFTY 500?

Paper has underperformed NIFTY 500 by 7.4% over 52 weeks and 7.1% over 13 weeks. 4 of 10 covered companies beat NIFTY on Mansfield relative strength, while 4 of 9 beat the sector itself.

Which Paper company is largest by revenue?

JK Paper Ltd leads with revenue of ₹7,319 crore, based on 9 of 10 comparable companies through Jun 2026.

Which Paper company is growing fastest?

N R Agarwal Industries Ltd has the fastest current revenue growth at 29.3%, across 9 of 10 comparable companies.

Which Paper company has the strongest 4-Factor Sector Score?

Tamil Nadu Newsprint & Papers Ltd ranks first at 61.3/100 with 75.8% evidence confidence. The score prioritizes research; it is not a buy recommendation.

How much history does this Paper comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

What is the Nifty Paper index?

The Nifty Paper index tracks India's listed Paper companies as a single basket. This page follows the same 10 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Paper sector rather than to its largest constituent. Figures are as of Jun 2026.

Which are the best Paper stocks in India?

Ranked by this page's four-factor score, Tamil Nadu Newsprint & Papers Ltd places first among 10 listed Paper companies, followed by N R Agarwal Industries Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

How many Paper stocks are listed in India?

This comparison covers 10 listed Paper companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026.

Which Paper company is the biggest?

JK Paper Ltd is the largest, with trailing-twelve-month revenue of ₹7,319 crore, ahead of Tamil Nadu Newsprint & Papers Ltd at ₹4,645 crore. That covers 9 of 10 companies with comparable reporting through Jun 2026.

Which Paper company has the best profit margins?

Pudumjee Paper Products Ltd has the highest operating margin at 17%, from 10 of 10 comparable companies. West Coast Paper Mills Ltd shows the biggest recent improvement, at +5 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Paper company makes the most profit?

JK Paper Ltd earns the most, at ₹328 crore of trailing-twelve-month net profit, from 9 of 10 comparable companies. Tamil Nadu Newsprint & Papers Ltd has the fastest profit growth at 100%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Paper company earns the highest return on capital?

Pudumjee Paper Products Ltd leads on return on capital employed at 19.8%, across 10 of 10 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Is the Paper sector beating the market?

Paper has underperformed NIFTY 500 by 7.4% over the last 52 weeks and 7.1% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 4 of 10 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Paper stock has the strongest price momentum?

West Coast Paper Mills Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which Paper company scores highest for research priority?

Tamil Nadu Newsprint & Papers Ltd scores 61.3 out of 100 with 75.8% evidence confidence, from 22.4 points on growth and earnings, 13 on capital efficiency, 11.5 on valuation and 14.4 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many Paper companies does this comparison cover, and over what period?

It compares 10 listed companies over up to 20 reported quarters of fundamentals, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the Paper sector?

The 10 Paper companies on this page carry ₹19,483 crore of combined market value. JK Paper Ltd is the largest at ₹7,081 crore, about 36% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-05.

What is the Paper sector's P/E ratio?

The median price-to-earnings ratio across the 10 Paper companies on this page is 16.9×, measured on the 10 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-08-05.

How is the Paper sector performing?

4 of the 10 covered Paper companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 7.4% behind NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-05.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

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