# Andhra Paper share price today (Andhra Paper Ltd, NSE: ANDHRAPAP)

> Andhra Paper share price today: ₹63.44 at the NSE close on 3 November 2026, down 18.3% in a year. Andhra Paper (NSE: ANDHRAPAP) is worth ₹1,261 crore, trades at a P/E of 24.2 and has closed between ₹59.01 and ₹74.62 over the past 52 weeks. > Andhra Paper Ltd's share price has risen faster than its earnings: −18.3% in a year, against −79.0% for earnings per share. ANDHRAPAP · Paper · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/andhra-paper-ltd

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## Key numbers

- Business trend: Turning around, from the last 12 quarters
- Price: ₹63.44 (−18.3% in a year)
- P/E: 24.2× (higher than 78% of the last 11 years)
- Revenue (Sep 2026): ₹426 Cr (+17.7% on a year ago)
- Profit (Sep 2026): ₹4.3 Cr
- Operating margin: 6.8% (+8.6 points on a year ago)
- ROCE: 0%, FY26
- ROIC: 1.2%, against a 12.0% cost of capital: −10.8 points

The main question: the share price moved −18.3% in a year while yearly earnings per share moved −79.0%. The difference came from the market paying a higher multiple. ## What is the Andhra Paper share price today? Andhra Paper Ltd's share price was ₹63.44 at the close on 3 November 2026. It has been falling for 106 weeks. That is 5.1% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹59 and ₹75, and at that close it sat 28% of the way up from that low. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 11 weeks in a row. Over the last 11 years the share price moved +4% while the NIFTY 500 moved +251%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Andhra Paper this quarter? 6 points on a year earlier and revenue up on a year earlier for 4 quarters in a row. 1. Operating margin up 8.6 points on a year earlier 6.8% in the September 2026 quarter, from -1.9%. 2. Revenue up on a year earlier for 4 quarters in a row In the September 2026 quarter revenue was ₹426 crore, +17.7% on a year earlier. ## What are Andhra Paper's latest quarterly results? For July to September 2026 (the quarter ended 30 September 2026), Andhra Paper reported revenue of ₹426 crore, up 17.7% from ₹362 crore a year earlier, and a profit of ₹4.27 crore, against a loss of ₹20.3 crore a year earlier. ### Andhra Paper results: July to September 2026 against a year earlier

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹426 crore | ₹362 crore | +17.7% |
| Profit | ₹4.27 crore | loss of ₹20.3 crore | n/a |
| Earnings per share | ₹0.21 | ₹−1.02 | n/a |
| Operating margin | 6.8% | −1.9% | +8.6 points |

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). (From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.)

## What is the Andhra Paper share price history? Andhra Paper closed at ₹63.44 on 3 November 2026, down 18.3% from ₹77.67 a year earlier (31 October 2025) and up 35.1% over five years. Its highest weekly close since March 2016 was ₹128.74 on 13 October 2023. ### Andhra Paper share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹62.27 | +1.9% |
| 1 month ago · 1 Oct 2026 | ₹71.36 | −11.1% |
| 6 months ago · 30 Apr 2026 | ₹66.57 | −4.7% |
| 1 year ago · 31 Oct 2025 | ₹77.67 | −18.3% |
| 3 years ago · 3 Nov 2023 | ₹111.02 | −42.9% |
| 5 years ago · 4 Nov 2021 | ₹46.97 | +35.1% |
| 10 years ago · 4 Nov 2016 | ₹58.22 | +9.0% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹60.75 | +4.4% |
| Highest weekly close since March 2016 · 13 Oct 2023 | ₹128.74 | −50.7% |
| Lowest weekly close since March 2016 · 3 Apr 2020 | ₹26.96 | +135.3% |
| 52-week high (weekly close) · 18 Sep 2026 | ₹74.62 | −15.0% |
| 52-week low (weekly close) · 27 Mar 2026 | ₹59.01 | +7.5% |

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (563 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on Andhra Paper? 3 Nov 2026: Andhra Paper closed at ₹63.44, up 1.9% on the week and down 11.1% on the month. Results for July to September 2026: Revenue up 17.7% on a year earlier. ### Earlier

- 4 Aug 2026: ex-date for a dividend of ₹0.50 a share. - 11 Sep 2024: Share split: face value cut from ₹10 to ₹2 a share (ex-date). ## What dividend does Andhra Paper pay? Andhra Paper paid ₹0.50 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 0.79% at the ₹63.44 close on 3 November 2026. The last was a dividend of ₹0.50 a share, ex-date 4 August 2026. ### Andhra Paper dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 4 Aug 2026 | ₹0.50 | Dividend | same day |
| 1 Aug 2025 | ₹1 | Dividend | same day |
| 5 Aug 2024 | ₹10 | Dividend | same day |
| 4 Aug 2023 | ₹12.50 | Dividend | same day |
| 4 Aug 2022 | ₹7.50 | Dividend | 5 Aug 2022 |
| 29 Jul 2021 | ₹5 | Dividend | 30 Jul 2021 |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. Andhra Paper Ltd paid out 53% of its profit as dividends in FY26, and it paid a dividend in 5 of its last 13 reported years. One of those years shows a negative figure because profit itself was negative. (From the NSE corporate-actions record, read 4 November 2026.)

## Which stock lists is Andhra Paper on? Andhra Paper is on 2 of our India lists: Momentum stocks and Penny stocks. - [Momentum stocks Market cap cr: 1283.8658682634732](https://www.sectoralpha.in/momentum-stocks-india)
- [Penny stocks Earnings growth, 12 months (%): 154.37](https://www.sectoralpha.in/penny-stocks-india)

## Is Andhra Paper profitable? Andhra Paper Ltd earned ₹4.3 Cr of net profit in the Sep 2026 quarter. Full-year FY26 profit was ₹19.0 Cr. Over 10 years profit has grown −6.4% a year on average. That is 1.0% of the quarter's revenue. The same quarter a year earlier lost ₹20.3 Cr. 1 of the last 12 reported quarters were loss-making. For the full year, FY26 profit was ₹19.0 Cr (−78.7% on the year before). On average over the last four quarters, profit changed +8.4% and revenue +13.9%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does Andhra Paper make, and is it growing? Andhra Paper Ltd reported ₹426 Cr of revenue in the Sep 2026 quarter, +17.7% on the same quarter a year earlier. That is the 4th quarter in a row with growth on the year before. Over 10 years it has grown 4.2% a year on average. The last full year, FY26, came in at ₹1,701 Cr. The last four reported quarters add to ₹1,766 Cr. FY26 revenue was ₹1,701 Cr, +10.4% on the year before. Recent pace: the last four quarters grew +13.9% on average, against 4.2% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +14.0%, against +5.4% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +153.8%, against −47.6% a year (accelerating). ## How much of every ₹100 of sales does Andhra Paper keep? Andhra Paper Ltd's operating margin was 6.8% in the Sep 2026 quarter, 8.6 percentage points higher than the same quarter a year ago. Across 13 years it has been between 4.0% and 35.0%. The latest quarter is within that range. Why the margin moved: operating margin changed +8.6 percentage points on the year while gross margin changed +4.9 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales. ## Is Andhra Paper's profit turning into cash? Over the last 3 years, 82% of Andhra Paper Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹104 Cr of operating cash against ₹19.0 Cr of profit. After ₹332 Cr of spending on assets, free cash was −₹228 Cr: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 82% of profit came in as cash: the cash cycle stayed about the same between FY21 and FY26, so the cash follows profit, not the cycle. What to look at next: the bigger use of cash is spending on new assets, at 3.6× depreciation over three years. The next section checks what that spending is building. ## Where does Andhra Paper's cash go? Andhra Paper Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 68 days in FY26, up from 66 days in FY21. It spent ₹934 Cr on assets over the last 3 years. Customers take 33 days to pay, and stock sits for 87 days on average. At FY26 sales of ₹1,701 Cr, each day of that cycle ties up about ₹4.7 Cr, so roughly ₹317 Cr is tied up in the business at any time. FY26: customers took 33 days to pay and stock sat for 87 days, about 2.9 months of sales sitting as stock, for a full cycle of 68 days, longer than FY21's 66. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 87 days. Customers pay about 33 days after that. Suppliers are paid at 53 days. Together that makes the 68-day cycle. Spending on assets: ₹934 Cr over the last 3 years, against ₹261 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹279 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Andhra Paper's P/E ratio, and how does it compare with its own history? Andhra Paper Ltd's P/E is 24.2×, near the high end of its own history: higher than 78% of past readings. Its usual P/E (the middle reading) is 11.8×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved −79.0% while the price moved −18.3%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 5 years the price moved +6.2% a year; about +2.3% a year came from earnings growth and about +3.9 percentage points from the multiple (the market paying more); over 10 years the price moved +0.9% a year; about +7.3% a year came from earnings growth and about −6.4 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Andhra Paper business getting better or worse? Andhra Paper Ltd's business is turning around. Profit growth has swung from −84.3% at its low to +153.8%, improving for 3 quarters in a row, with ROCE steady at 4.0%. This is based on 12 quarters of 4 measures. Why it matters: a turn in growth is often where a bigger change starts. The lines say a turn is forming, so the question is whether the next quarters confirm it. ## How much does Andhra Paper earn on its capital? Andhra Paper Ltd earned a ROCE of 0% in FY26. That is up from a low of −1% in FY14. Its return on capital used (ROIC) is 10.8 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 1.1% net margin and 0.67× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 1.1% net margin × 0.67× asset turnover × 1.31× leverage (assets divided by equity) ≈ 1.0% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 1.2% − 12.0% = −10.8 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. The 1.2% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at −0.8%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Andhra Paper have too much debt? Andhra Paper Ltd has total debt of ₹287 Cr against shareholder equity of ₹1,963 Cr as of Sep 2026, so its debt is 0.15× its equity, which is very little. Year by year, that ratio went from 0.05 in FY22 to 0.12 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the Andhra Paper shareholding pattern? Foreign institutions cut their stake in Andhra Paper Ltd by 1.0 percentage points over 8 quarters, the biggest change among its owners. Foreign institutions now own 0.3% of the company. Promoters moved +0.0 points over the same period, to 72.5%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Foreign institutions: −1.0 points over 8 quarters, to 0.3%; Promoters: +0.0 points over 8 quarters, to 72.5%; Domestic institutions: +0.0 points over 8 quarters, to 4.5%. Why the owners changed: foreign institutions drove it (−1.0 points). They reduced their stake. ## How far is Andhra Paper from balance-sheet trouble? For Andhra Paper Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Andhra Paper rank in its industry? 55.4 out of 100, rank 4 of 11 in Paper, with 74% of the evidence available. Andhra Paper Ltd scores 55.4 out of 100 against the 11 companies it is compared with in Paper, ranking 4. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 25 + 7.3 + 8.5 + 14.6 = 55.4. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Andhra Paper compared with? Andhra Paper ranks 4 of 11 Paper companies on the 4-Factor Sector Score, with 55.4 out of 100. 1. [N R Agarwal Industries Ltd](https://www.sectoralpha.in/stocks/n-r-agarwal-industries-ltd) NRAIL · leader · Most evidence points up · 96% evidence 72.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 29.5/35 · Revenue 32.6% · Profit 100% · Operating margin change 7.4 points · 88% evidence Capital efficiency 13.0/25 · ROCE 8.5% · Operating margin 11% · 100% evidence Valuation 12.0/20 · P/E 17.1× · PEG 0.26 · 100% evidence Relative strength 18.3/20 · Lead over its industry 31.7% · Lead over NIFTY 500 40.6% · 1 year 52.4% · 100% evidence · 12 of 12 weeks ahead Exact sum: 29.5 + 13 + 12 + 18.3 = 72.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Emami Paper Mills Ltd](https://www.sectoralpha.in/stocks/emami-paper-mills-ltd) EMAMIPAP · breaking out · Most evidence points up · 60% evidence 68.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 29.5/35 · Revenue 16.6% · Profit 100% · Operating margin change 8 points · 95% evidence Capital efficiency 16.0/25 · ROCE 11.4% · Operating margin 16% · 76% evidence Valuation 11.2/20 · P/E 5.4× · PEG n/a · 15% evidence Relative strength 11.9/20 · Lead over its industry n/a · Lead over NIFTY 500 33.8% · 1 year n/a · 25% evidence · 11 of 12 weeks ahead Exact sum: 29.5 + 16 + 11.2 + 11.9 = 68.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Pudumjee Paper Products Ltd](https://www.sectoralpha.in/stocks/pudumjee-paper-products-ltd) PDMJEPAPER · quiet · Evidence leans up · 85% evidence 57.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 10.2/35 · Revenue 6.1% · Profit 6.5% · Operating margin change 0 points · 100% evidence Capital efficiency 18.8/25 · ROCE 18.1% · Operating margin 14% · 100% evidence Valuation 17.8/20 · P/E 8.5× · PEG 0.14 · 100% evidence Relative strength 10.3/20 · Lead over its industry n/a · Lead over NIFTY 500 3.4% · 1 year -24.5% · 25% evidence · 9 of 12 weeks ahead Exact sum: 10.2 + 18.8 + 17.8 + 10.3 = 57.1 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 4. Andhra Paper Ltd this page ANDHRAPAP · breaking out · Evidence leans up · 74% evidence 55.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.0/35 · Revenue 14% · Profit 100% · Operating margin change 8.7 points · 74% evidence Capital efficiency 7.3/25 · ROCE 0% · Operating margin 6.8% · 100% evidence Valuation 8.5/20 · P/E 25.5× · PEG n/a · 15% evidence Relative strength 14.6/20 · Lead over its industry -0.3% · Lead over NIFTY 500 7.2% · 1 year -14% · 100% evidence · 8 of 12 weeks ahead Exact sum: 25 + 7.3 + 8.5 + 14.6 = 55.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [West Coast Paper Mills Ltd](https://www.sectoralpha.in/stocks/west-coast-paper-mills-ltd) WSTCSTPAPR · leader · Evidence leans up · 78% evidence 53.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.7/35 · Revenue 7.8% · Profit -13.1% · Operating margin change 7 points · 83% evidence Capital efficiency 13.8/25 · ROCE 6.2% · Operating margin 19% · 76% evidence Valuation 6.0/20 · P/E 23.4× · PEG n/a · 50% evidence Relative strength 20.0/20 · Lead over its industry 54.1% · Lead over NIFTY 500 64.1% · 1 year 80.1% · 100% evidence · 12 of 12 weeks ahead Exact sum: 13.7 + 13.8 + 6 + 20 = 53.5 · What this means: Relative strength against the index is 64.1%, and revenue and profit growth are weak. 6. [Seshasayee Paper & Boards Ltd](https://www.sectoralpha.in/stocks/seshasayee-paper-boards-ltd) SESHAPAPER · quiet · Evidence leans up · 100% evidence 51.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.2/35 · Revenue 18.6% · Profit 46.9% · Operating margin change 1 points · 100% evidence Capital efficiency 11.0/25 · ROCE 5.6% · Operating margin 9% · 100% evidence Valuation 13.6/20 · P/E 10.8× · PEG 1.18 · 100% evidence Relative strength 1.5/20 · Lead over its industry -18.2% · Lead over NIFTY 500 -12% · 1 year -20.8% · 100% evidence · 4 of 12 weeks ahead Exact sum: 25.2 + 11 + 13.6 + 1.5 = 51.3 · What this means: Earnings are strong; relative strength in its sector is -18.2% and the one-year return is -20.8%. 7. [JK Paper Ltd](https://www.sectoralpha.in/stocks/jk-paper-ltd) JKPAPER · losing its lead · Evidence leans down · 78% evidence 46.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.8/35 · Revenue 10% · Profit -4.9% · Operating margin change 0 points · 83% evidence Capital efficiency 14.5/25 · ROCE 7.4% · Operating margin 15% · 76% evidence Valuation 8.4/20 · P/E 20.5× · PEG n/a · 50% evidence Relative strength 10.0/20 · Lead over its industry -1.2% · Lead over NIFTY 500 6.1% · 1 year -6.8% · 100% evidence · 6 of 12 weeks ahead Exact sum: 13.8 + 14.5 + 8.4 + 10 = 46.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Tamil Nadu Newsprint & Papers Ltd](https://www.sectoralpha.in/stocks/tamil-nadu-newsprint-papers-ltd) TNPL · quiet · Evidence leans down · 71% evidence 43.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.8/35 · Revenue 2.9% · Profit 100% · Operating margin change 1.1 points · 65% evidence Capital efficiency 12.2/25 · ROCE 6.4% · Operating margin 10% · 100% evidence Valuation 11.5/20 · P/E 3.4× · PEG n/a · 15% evidence Relative strength 3.2/20 · Lead over its industry -12.5% · Lead over NIFTY 500 -5.9% · 1 year -17.8% · 100% evidence · 4 of 12 weeks ahead Exact sum: 16.8 + 12.2 + 11.5 + 3.2 = 43.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [Satia Industries Ltd](https://www.sectoralpha.in/stocks/satia-industries-ltd) SATIA · breaking out · Most evidence points down · 76% evidence 32.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 4.8/35 · Revenue -2.8% · Profit -80% · Operating margin change -3 points · 88% evidence Capital efficiency 6.0/25 · ROCE 4.5% · Operating margin 14% · 100% evidence Valuation 10.0/20 · P/E n/a · PEG n/a · 0% evidence Relative strength 11.3/20 · Lead over its industry -1.7% · Lead over NIFTY 500 5.7% · 1 year -17.1% · 100% evidence · 9 of 12 weeks ahead Exact sum: 4.8 + 6 + 10 + 11.3 = 32.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [Kuantum Papers Ltd](https://www.sectoralpha.in/stocks/kuantum-papers-ltd) KUANTUM · quiet · Most evidence points down · 90% evidence 29.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 10.5/35 · Revenue 11.8% · Profit -49.8% · Operating margin change 0.1 points · 100% evidence Capital efficiency 8.9/25 · ROCE 5.2% · Operating margin 12.3% · 100% evidence Valuation 8.7/20 · P/E 17.4× · PEG n/a · 50% evidence Relative strength 1.4/20 · Lead over its industry -23.1% · Lead over NIFTY 500 -16.9% · 1 year -39.5% · 100% evidence · 4 of 12 weeks ahead Exact sum: 10.5 + 8.9 + 8.7 + 1.4 = 29.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [KS Smart Technologies Limited](https://www.sectoralpha.in/stocks/ks-smart-technlogies-limited) quiet · Too little evidence to rank firmly · 42% evidence 38.8 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. 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 path the industry 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 growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Paper](https://www.sectoralpha.in/sectors/paper), all 11 compared on one page. ## Which companies are close to Andhra Paper in size? Andhra Paper is the 3rd largest of 11 Paper companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: JK Paper and West Coast Paper Mills. Just below it: KS Smart Technologies, Seshasayee Paper & Boards, N R Agarwal Industries and Tamil Nadu Newsprint & Papers. ### Paper companies close in size

1. [JK Paper Ltd](https://www.sectoralpha.in/stocks/jk-paper-ltd) ₹6,711 crore
2. [West Coast Paper Mills Ltd](https://www.sectoralpha.in/stocks/west-coast-paper-mills-ltd) ₹5,386 crore
3. Andhra Paper Ltd ₹1,328 crore
4. [KS Smart Technlogies Limited](https://www.sectoralpha.in/stocks/ks-smart-technlogies-limited) ₹1,315 crore
5. [Seshasayee Paper & Boards Ltd](https://www.sectoralpha.in/stocks/seshasayee-paper-boards-ltd) ₹1,279 crore
6. [N R Agarwal Industries Ltd](https://www.sectoralpha.in/stocks/n-r-agarwal-industries-ltd) ₹1,132 crore
7. [Tamil Nadu Newsprint & Papers Ltd](https://www.sectoralpha.in/stocks/tamil-nadu-newsprint-papers-ltd) ₹887 crore

[All 11 Paper companies, largest first](https://www.sectoralpha.in/sectors/paper#all-companies)

### Companies close in size in other industries

1. [InfoBeans Technologies Ltd](https://www.sectoralpha.in/stocks/infobeans-technologies-ltd) ₹1,331 crore · IT - Software
2. [DCW Ltd](https://www.sectoralpha.in/stocks/dcw-ltd) ₹1,329 crore · Petrochem - Others
3. Andhra Paper Ltd ₹1,328 crore
4. [KP Green Engineering Ltd](https://www.sectoralpha.in/stocks/kp-green-engineering-ltd) ₹1,328 crore · Solar EPC
5. [Asian Hotels (North) Ltd](https://www.sectoralpha.in/stocks/asian-hotels-northltd) ₹1,326 crore · Hotels

## What else do people ask about Andhra Paper? ### What is Andhra Paper's share price today? Andhra Paper Ltd's share price is ₹63.44, −18.3% over the past year. The whole company is worth ₹1,261 Cr on the market. In the last 52 weeks it traded between ₹59 to ₹75; today it is 28% of the way up from the low, 5.1% below its 200-day average (as of 3 November 2026). ### What were Andhra Paper's latest quarterly results? Andhra Paper Ltd reported revenue of ₹426 Cr and net profit of ₹4.3 Cr for the Sep 2026 quarter. Earnings per share were ₹0.21. The operating margin was 6.8%, 8.6 percentage points higher than a year earlier (as of 3 November 2026). ### What is Andhra Paper's market cap? Andhra Paper Ltd's market capitalisation is ₹1,261 Cr at a share price of ₹63.44. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Andhra Paper performing? Andhra Paper Ltd's share price has been falling for 106 weeks. Over the past 13 weeks it has done better than the NIFTY 500, for 11 weeks running. This describes what the data did, not a rating (as of 3 November 2026). ### Will Andhra Paper's share price go up? This page does not forecast Andhra Paper Ltd's share price. What it shows instead: the share price is ₹63.44, and it has been falling for 106 weeks. Its P/E of 24.2× is higher than 78% of its own last 11 years (as of 3 November 2026). ### Who owns Andhra Paper? Promoters own 72.5% of Andhra Paper Ltd, foreign institutions 0.3%, domestic institutions 4.5% and the public 22.7% (latest quarter). The biggest change over the last two years: Foreign institutions cut their stake by 1.0 percentage points over 8 quarters (as of 3 November 2026). ### Does Andhra Paper have too much debt? No, Andhra Paper Ltd has little debt: its debt is 0.12× its equity, and its operating profit is 4 times its interest bill. FY26 borrowings were ₹232 Cr against equity of ₹1,940 Cr. So the returns on this page come from the business, not borrowed money (as of 3 November 2026). ### Where is Andhra Paper in its business cycle? Andhra Paper Ltd's FY26 operating margin was 4.0%, against a 13-year range of 4.0% to 35.0%: the low end of its own range, which is often where recoveries start. The latest quarter was 6.8%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Andhra Paper story? The main question: the share price moved −18.3% in a year while yearly earnings per share moved −79.0%. The difference came from the market paying a higher multiple. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Andhra Paper a stock worth studying right now? What the numbers show: Andhra Paper Ltd's share price has risen faster than its earnings: −18.3% in a year, against −79.0% for earnings per share. The main open question: whether earnings grow into a price that has already moved. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ## Lists

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