# N R Agarwal Industries share price today (N R Agarwal Industries Ltd, NSE: NRAIL)

> N R Agarwal Industries share price today: ₹718.95 at the NSE close on 3 November 2026, up 65.0% in a year. N R Agarwal Industries (NSE: NRAIL) is worth ₹1,224 crore, trades at a P/E of 18.5 and has closed between ₹404.85 and ₹732.55 over the past 52 weeks. > N R Agarwal Industries Ltd's earnings have grown faster than its share price. Earnings per share grew +147.6% in a year while the price moved +65.0%. NRAIL · Paper · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/n-r-agarwal-industries-ltd

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## Key numbers

- Business trend: Turning around, from the last 12 quarters
- Price: ₹718.95 (+65.0% in a year)
- P/E: 18.5× (higher than 91% of the last 11 years)
- Revenue (Jun 2026): ₹647 Cr (+43.1% on a year ago)
- Profit (Jun 2026): ₹35.0 Cr (+105.9% on a year ago)
- Operating margin: 11.0% (+7.4 points on a year ago)
- ROCE: 8%, FY26
- ROIC: 6.5%, against a 12.0% cost of capital: −5.5 points

The main question: yearly earnings per share moved +147.6% while the share price moved +65.0%. ## What is the N R Agarwal Industries share price today? N R Agarwal Industries Ltd's share price was ₹718.95 at the close on 3 November 2026. It has been rising for 67 weeks. That is 38.4% above its average price over the last 200 trading days. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 17 weeks in a row. In the last 52 weeks it traded between ₹405 and ₹733, and at that close it sat 96% of the way up from that low. Over the last 11 years the share price moved +2,105% while the NIFTY 500 moved +251%, so it is ahead of 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 N R Agarwal Industries this quarter? 2. Revenue up on a year earlier for 8 quarters in a row In the June 2026 quarter revenue was ₹647 crore, +43.1% on a year earlier. 3. Best operating margin in 9 quarters Operating margin was 11% in the June 2026 quarter, against 3.6% a year earlier. ## What are N R Agarwal Industries' latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), N R Agarwal Industries reported revenue of ₹647 crore, up 43.1% from ₹452 crore a year earlier, and a profit of ₹35.0 crore, up 105.9% from ₹17.0 crore. ### N R Agarwal Industries results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹647 crore | ₹452 crore | +43.1% |
| Profit | ₹35.0 crore | ₹17.0 crore | +105.9% |
| Earnings per share | ₹20.55 | ₹9.72 | +111.4% |
| Operating margin | 11.0% | 3.6% | +7.4 points |

The next results, for July to September 2026, are due by 14 November 2026: 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 June 2026). Revenue and profit in ₹ crore.)

## What is the N R Agarwal Industries share price history? N R Agarwal Industries closed at ₹718.95 on 3 November 2026, up 65.0% from ₹435.70 a year earlier (31 October 2025) and up 137.2% over five years. Its highest weekly close since March 2016 was ₹732.55 on 16 October 2026. ### N R Agarwal Industries share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹656.05 | +9.6% |
| 1 month ago · 1 Oct 2026 | ₹663.70 | +8.3% |
| 6 months ago · 30 Apr 2026 | ₹473.00 | +52.0% |
| 1 year ago · 31 Oct 2025 | ₹435.70 | +65.0% |
| 3 years ago · 3 Nov 2023 | ₹369.45 | +94.6% |
| 5 years ago · 4 Nov 2021 | ₹303.15 | +137.2% |
| 10 years ago · 4 Nov 2016 | ₹237.90 | +202.2% |
| Earliest and lowest weekly close in our records · 11 Mar 2016 | ₹32.60 | +2,105.4% |
| Highest weekly close since March 2016, also the 52-week high · 16 Oct 2026 | ₹732.55 | −1.9% |
| 52-week low (weekly close) · 27 Mar 2026 | ₹404.85 | +77.6% |

Weekly closing prices. 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. (566 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on N R Agarwal Industries? 3 Nov 2026: N R Agarwal Industries closed at ₹718.95, up 9.6% on the week and up 8.3% on the month. 25 Aug 2026: ex-date for a dividend of ₹2 a share, record date 26 Aug 2026. ### Earlier

- Results for April to June 2026: Revenue up 43.1% and profit up 105.9% on a year earlier. ## What dividend does N R Agarwal Industries pay? N R Agarwal Industries paid ₹2 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 0.28% at the ₹718.95 close on 3 November 2026. The last was a dividend of ₹2 a share, ex-date 25 August 2026. ### N R Agarwal Industries dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 25 Aug 2026 | ₹2 | Dividend | 26 Aug 2026 |
| 17 Sep 2025 | ₹2 | Dividend | same day |
| 16 Aug 2024 | ₹2 | Dividend | n/a |
| 21 Sep 2021 | ₹1 | Dividend | n/a |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 3 of 5 Of the last 5 financial years, years with an NSE dividend record

Not in its latest year. N R Agarwal Industries Ltd paid out 0% of its profit as dividends in FY26. It did pay a dividend in 6 of its last 13 reported years, so there is a history but no current dividend. (From the NSE corporate-actions record, read 4 November 2026.)

## Which stock lists is N R Agarwal Industries on? N R Agarwal Industries is not on any of our India lists this week. ## Is N R Agarwal Industries profitable? N R Agarwal Industries Ltd earned ₹35.0 Cr of net profit in the Jun 2026 quarter, +105.9% on the same quarter a year earlier. Full-year FY26 profit was ₹44.0 Cr. Over 10 years profit has grown 9.3% a year on average. That is 5.4% of the quarter's revenue. The same quarter a year earlier earned ₹17.0 Cr. 2 of the last 12 reported quarters were loss-making. For the full year, FY26 profit was ₹44.0 Cr (+144.4% on the year before). Why profit moved: revenue changed +43.1% on a year earlier and the margin moved +7.4 percentage points. Most of the change came from keeping more of each sale. On average over the last four quarters, profit changed +0.4% and revenue +32.6%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does N R Agarwal Industries make, and is it growing? N R Agarwal Industries Ltd reported ₹647 Cr of revenue in the Jun 2026 quarter, +43.1% on the same quarter a year earlier. That is the 8th quarter in a row with growth on the year before. Over 10 years it has grown 9.3% a year on average. The last full year, FY26, came in at ₹2,145 Cr. The last four reported quarters add to ₹2,340 Cr. FY26 revenue was ₹2,145 Cr, +29.3% on the year before. Recent pace: the last four quarters grew +32.6% on average, against 9.3% 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 +32.7%, against +35.6% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +100.0%, against −16.1% a year (accelerating). ## How much of every ₹100 of sales does N R Agarwal Industries keep? N R Agarwal Industries Ltd's operating margin was 11.0% in the Jun 2026 quarter, 7.4 percentage points higher than the same quarter a year ago. Across 13 years it has been between 3.0% and 15.0%. The latest quarter is within that range. Why the margin moved: operating margin changed +7.8 percentage points on the year while gross margin changed +4.8 points. So the gain came mostly from the gross margin, which means input costs and prices charged. ## Is N R Agarwal Industries' profit turning into cash? Over the last 3 years, 217% of N R Agarwal Industries Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹95.0 Cr of operating cash against ₹44.0 Cr of profit. After ₹300 Cr of spending on assets, free cash was −₹205 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 217% 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 5.9× depreciation over three years. The next section checks what that spending is building. ## Where does N R Agarwal Industries' cash go? N R Agarwal Industries Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 44 days in FY26, up from 42 days in FY21. It spent ₹1,015 Cr on assets over the last 3 years. Customers take 42 days to pay, and stock sits for 66 days on average. At FY26 sales of ₹2,145 Cr, each day of that cycle ties up about ₹5.9 Cr, so roughly ₹259 Cr is tied up in the business at any time. FY26: customers took 42 days to pay and stock sat for 66 days, about 2.2 months of sales sitting as stock, for a full cycle of 44 days, longer than FY21's 42. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 66 days. Customers pay about 42 days after that. Suppliers are paid at 64 days. Together that makes the 44-day cycle. Spending on assets: ₹1,015 Cr over the last 3 years, against ₹172 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 ₹227 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 N R Agarwal Industries' P/E ratio, and how does it compare with its own history? N R Agarwal Industries Ltd's P/E is 18.5×, near the high end of its own history: higher than 91% of past readings. Its usual P/E (the middle reading) is 7.0×, 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. The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹36.51. Why the multiple is where it is: over the past year earnings per share moved +147.6% while the price moved +65.0%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved +18.9% a year; about −0.5% a year came from earnings growth and about +19.4 percentage points from the multiple (the market paying more); over 10 years the price moved +11.7% a year; about +2.6% a year came from earnings growth and about +9.1 percentage points from the multiple (the market paying more). 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 N R Agarwal Industries business getting better or worse? N R Agarwal Industries Ltd's business is turning around. EPS growth has swung from −69.1% at its low to +101.8%, rising from a low 5 quarters ago, with ROCE rising at 8.5%. 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. The latest quarter’s profit includes a one-off item bigger than the normal business, so the profit line is shown but does not count in this reading. ## How much does N R Agarwal Industries earn on its capital? N R Agarwal Industries Ltd earned a ROCE of 8% in FY26. That is up from a low of 3% in FY14. Its return on capital used (ROIC) is 5.5 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 2.1% net margin and 1.06× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 2.1% net margin × 1.06× asset turnover × 2.49× leverage (assets divided by equity) ≈ 5.5% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 6.5% − 12.0% = −5.5 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 6.5% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 5.2%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does N R Agarwal Industries have too much debt? N R Agarwal Industries Ltd has total debt of ₹821 Cr against shareholder equity of ₹815 Cr as of Jun 2026, so its debt is 1.01× its equity. Year by year, that ratio went from 0.33 in FY22 to 1.01 in FY26. Keep that borrowing in mind when reading the returns on this page. ## What is the N R Agarwal Industries shareholding pattern? No group of N R Agarwal Industries Ltd's owners changed its stake by a full percentage point over the last two years. Foreign institutions moved −0.1 points over the same period, to 0.3%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Promoters: +0.3 points over 8 quarters, to 74.3%; Foreign institutions: −0.1 points over 8 quarters, to 0.3%; Domestic institutions: +0.1 points over 8 quarters, to 0.1%. ## How far is N R Agarwal Industries from balance-sheet trouble? For N R Agarwal Industries 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 N R Agarwal Industries rank in its industry? 72.8 out of 100, rank 1 of 11 in Paper, with 96% of the evidence available. N R Agarwal Industries Ltd scores 72.8 out of 100 against the 11 companies it is compared with in Paper, ranking 1. 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: 29.5 + 13 + 12 + 18.3 = 72.8. 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 N R Agarwal Industries compared with? N R Agarwal Industries ranks 1 of 11 Paper companies on the 4-Factor Sector Score, with 72.8 out of 100. 1. N R Agarwal Industries Ltd this page 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](https://www.sectoralpha.in/stocks/andhra-paper-ltd) 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 N R Agarwal Industries in size? N R Agarwal Industries is the 6th largest of 11 Paper companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Andhra Paper, KS Smart Technologies and Seshasayee Paper & Boards. Just below it: Tamil Nadu Newsprint & Papers, Pudumjee Paper Products and Emami Paper Mills. ### Paper companies close in size

1. [Andhra Paper Ltd](https://www.sectoralpha.in/stocks/andhra-paper-ltd) ₹1,328 crore
2. [KS Smart Technlogies Limited](https://www.sectoralpha.in/stocks/ks-smart-technlogies-limited) ₹1,315 crore
3. [Seshasayee Paper & Boards Ltd](https://www.sectoralpha.in/stocks/seshasayee-paper-boards-ltd) ₹1,279 crore
4. N R Agarwal Industries Ltd ₹1,132 crore
5. [Tamil Nadu Newsprint & Papers Ltd](https://www.sectoralpha.in/stocks/tamil-nadu-newsprint-papers-ltd) ₹887 crore
6. [Pudumjee Paper Products Ltd](https://www.sectoralpha.in/stocks/pudumjee-paper-products-ltd) ₹827 crore
7. [Emami Paper Mills Ltd](https://www.sectoralpha.in/stocks/emami-paper-mills-ltd) ₹709 crore

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

### Companies close in size in other industries

1. [S.A.L Steel Ltd](https://www.sectoralpha.in/stocks/sal-steel-ltd) ₹1,133 crore · Steel - Sponge Iron
2. [Southern Petrochemicals Industries Corporation Ltd](https://www.sectoralpha.in/stocks/southern-petrochemicals-industries-corporation-ltd) ₹1,133 crore · Fertilisers
3. N R Agarwal Industries Ltd ₹1,132 crore
4. [GHCL Textiles Ltd](https://www.sectoralpha.in/stocks/ghcl-textiles-ltd) ₹1,130 crore · Textiles - General
5. [Vikram Thermo (India) Ltd](https://www.sectoralpha.in/stocks/vikram-thermo-indialtd) ₹1,129 crore · Speciality Chemicals

## What else do people ask about N R Agarwal Industries? ### What is N R Agarwal Industries's share price today? N R Agarwal Industries Ltd's share price is ₹718.95, +65.0% over the past year. The whole company is worth ₹1,224 Cr on the market. In the last 52 weeks it traded between ₹405 to ₹733; today it is 96% of the way up from the low, 38.4% above its 200-day average (as of 3 November 2026). ### What were N R Agarwal Industries's latest quarterly results? N R Agarwal Industries Ltd reported revenue of ₹647 Cr and net profit of ₹35.0 Cr for the Jun 2026 quarter. Revenue rose 43.1% and profit rose 105.9% compared with a year earlier. Earnings per share were ₹20.55 (as of 3 November 2026). ### What is N R Agarwal Industries's market cap? N R Agarwal Industries Ltd's market capitalisation is ₹1,224 Cr at a share price of ₹718.95. 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 N R Agarwal Industries performing? N R Agarwal Industries Ltd's share price has been rising for 67 weeks. In its latest quarter, revenue rose 43.1% and profit rose 105.9% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 17 weeks running (as of 3 November 2026). ### Will N R Agarwal Industries's share price go up? This page does not forecast N R Agarwal Industries Ltd's share price. What it shows instead: the share price is ₹718.95, and it has been rising for 67 weeks. Its P/E of 18.5× is higher than 91% of its own last 11 years (as of 3 November 2026). ### Who owns N R Agarwal Industries? Promoters own 74.3% of N R Agarwal Industries Ltd, foreign institutions 0.3%, domestic institutions 0.1% and the public 25.3% (latest quarter). No group of owners changed its stake by a full point over the last two years (as of 3 November 2026). ### Where is N R Agarwal Industries in its business cycle? N R Agarwal Industries Ltd's FY26 operating margin was 8.0%, against a 13-year range of 3.0% to 15.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 11.0%. 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 N R Agarwal Industries story? The main question: yearly earnings per share moved +147.6% while the share price moved +65.0%. 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 N R Agarwal Industries a stock worth studying right now? What the numbers show: N R Agarwal Industries Ltd's earnings have grown faster than its share price. Earnings per share grew +147.6% in a year while the price moved +65.0%. The main open question: whether the price catches up with earnings that have already grown. 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). This is research, not advice. We’re not SEBI-registered.