STARPAPERCommodities

Star Paper Mills Limited

Paper & Paper Products · ISIN INE733A01018 · BSE 516022 · NSE EQ · FV ₹10
Last price
₹156
-3.43%today
What this company does

Star Paper Mills Limited operates in Paper & Paper Products, part of the Commodities sector. It booked ₹103 cr of revenue in its latest quarter (Q1 FY27) and kept 10.6% of sales as profit.

In the report:
65out of 100
Equitytale Health Score
Solid

Healthier than 65% of companies in Commodities, on all six measures of filed financials. Each measure is ranked against the 25–173 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
52

At close. Not part of the score.

Profitability & returns42

How much profit it earns on the money it employs

Balance sheet95

How much it owes, and whether earnings cover the interest

Cash quality67

Whether reported profit actually arrives as cash

Growth & consistency44

Whether sales and profit have grown, and how steadily

Valuation92

What today's price implies, against our models or its peers

Governance & risk50

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Strengths
Makes a profit
Promoters hold 45%
Virtually debt-free
Turns profit into real cash
Watch-outs
! Profit down 14% vs last year
! 47.2% of promoter stake pledged
! Low 6.2% return on equity

What if I invest in STARPAPER?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 0% a year, it would become
₹12.00 lakh

The slider starts at 0%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹156 -3.43%
latest close · 2026-09-17
1-year return
+7.6%
52-wk low ₹11552-wk high ₹195
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio5.5Low
LowAverageHigh
P/B ratio0.34Below book
Below bookModerateHigh
EV / EBITDA3.5Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity6.2%Weak
WeakFairStrong ▸15%
Return on capital7.6%Weak
WeakFairStrong
Net margin10.6%Decent
ThinDecentStrong
EBITDA margin16.2%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Interest cover66.7×Strong
RiskyOkayStrong ▸5×
Current ratio7.90Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹243 cr
Book value
₹454
EPS
₹7.05
latest quarter
Net debt
₹-9 cr
more cash than debt
Enterprise value
₹234 cr
EBITDA
₹67 cr
annualised
EBIT
₹60 cr
annualised
Operating margin
14.5%
Return on assets
5.3%
Earnings yield
18.09%
P/S
0.59
Sales / share
₹265.1
Tax rate
25.5%
Face value
₹10
Shares
1.6 cr
Working capital
₹332 cr
Current assets
₹380 cr
Current liabilities
₹48 cr
Delivery %
78.8%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
It earns about 7% on its capital — below the ~14% return we'd require to fund it — so a low price is likely justified, not a bargain.
Models span ₹129₹282, midpoint ₹206

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹103 cr
Other Income₹14 cr
Total Income₹117 cr
Cost of Materials₹56 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-1 cr
Employee Benefit Expense₹9 cr
Finance Costs₹22.5 L
Depreciation & Amortisation₹2 cr
Other Expenses₹37 cr
Total Expenses₹103 cr
Profit before Tax₹15 cr
Tax Expense₹4 cr
Net Profit₹11 cr
Net margin on total income9.4%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹55 cr46.9%
Employee benefit expense₹9 cr7.6%
Finance costs₹22.5 L0.2%
Depreciation & amortisation₹2 cr1.5%
Other expenses₹37 cr31.3%
Tax expense₹4 cr3.2%
Profit for the period₹11 cr9.4%
Total income ₹117 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue92 cr113 cr103 cr
Total income104 cr107 cr117 cr
Expenses93 cr111 cr103 cr
Profit before tax11 cr-3 cr15 cr
Tax2 cr-2 cr4 cr
Net profit (owners' share)8 cr-1 cr11 cr
Net margin (owners' share, on revenue)8.9%-1.1%10.6%
EPS (₹)5.26-0.837.05
YoY (latest quarter): total income +3.9% · net profit -14.1%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹838 cr
Shareholder equity
₹708 cr
parent shareholders
Total debt
₹0 cr
Cash
₹9 cr
Cash flow · H1 FY26
Operating
₹25 cr
Investing
₹-26 cr
Financing
₹-40.3 L
Peer comparison
Paper & Paper Products · by market value
CompanyPriceMarket capP/E
JK Paper Limited₹418₹7,580 cr14.6
West Coast Paper Mills Limited₹716₹4,732 cr8.9
Seshasayee Paper and Boards Limited₹248₹1,492 cr11.7
ANDHRA PAPER LIMITED₹72₹1,429 cr11.8
N R Agarwal Industries Limited₹629₹1,070 cr7.6
Tamil Nadu Newsprint & Papers Limited₹145₹1,001 cr43.6
Pudumjee Paper Products Limited₹102₹973 cr7.2
Emami Paper Mills Limited₹112₹677 cr4.5
Satia Industries Limited₹68₹676 cr
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
1.60%
trailing 12 months
Dividend / share (TTM)
₹2.5
Last dividend
₹2.5
ex 17 Sep 2026
ActionDetailEx-date
Dividend₹2.5 / share17 Sep 2026
Dividend₹3.5 / share18 Sep 2025
Dividend₹4 / share17 Sep 2024
Dividend₹3.5 / share15 Sep 2023
Dividend₹1.5 / share15 Sep 2023
Dividend₹3.5 / share13 Sep 2022
Who owns it · 2026-06-30
47.2% pledged
Promoter
44.9%
FII / Foreign
1.6%
DII / Domestic
0.0%
Retail / others
53.4%
Smart-money activity
Insider trades
SoldISG TRADERS LIMITED · Promoters60,000 · ₹66.9 L18 Oct 19
BoughtISG TRADERS LIMITED · Promoters10.00 L · ₹10.2 cr9 Jul 19
SoldISG TRADERS LIMITED · Promoters2.00 L · ₹2.1 cr21 Jun 19
Bulk / block deals
SoldSHARAN CHHAJER · NSE1.12 L @ ₹179.0111 Feb 25
BoughtRAVIRAJ DEVELOPERS LTD · NSE1.05 L @ ₹179.0911 Feb 25
BoughtKRONE INVESTMENTS · NSE1.17 L @ ₹273.0131 Jan 24
Stake changes
BoughtLok Prakashan Limited→ 5.40% · 62,02129 Nov 23
BoughtLok Prakashan Limited→ 5.40% · 62,02129 Nov 23
SoldComfort Fincap Limited→ 9.72% · 82,60031 Dec 19
Promoter pledges
InvokedComfort Fincap Lytd60,000 · 17.52% held18 Oct 19
InvokedComfort Fincap Ltd60,000 · 17.52% held18 Oct 19
ReleasedPilot consultants pvt Ltd10.00 L · 23.92% held9 Jul 19
What shareholders were asked to approve
1 proposal passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 25 Sep 2025
See the official result
1
To receive, consider and adopt the audited Balance Sheet of the company as at 31st March, 2025 and Statement of Profit & Loss for the financial year ended on that date together with Board of Directors and Auditors'Report thereon
Backed by 100% of shareholders other than promotersneeded 50%
2.68 L votes for, 117 against · 0% of mutual funds and other big investors said no
2
To declare dividend of Rs. 3.50/- per equity share for the financial year ended 31st March, 2025
Backed by 100% of shareholders other than promotersneeded 50%
2.68 L votes for, 116 against · 0% of mutual funds and other big investors said no
3
To appoint a director in place of Mr. Shrivardhan Goenka (DIN:00030375) who retires by rotation at this AGM and being eligible, has offered himself for re-appointment
Backed by 100% of shareholders other than promotersneeded 50%
2.68 L votes for, 122 against · 0% of mutual funds and other big investors said no
4
To re-appoint Mr. Madhukar Mishra (DIN:00096112) as Managing Director of the company
⚑ Passed only because promoters voted yes
Backed by 2% of shareholders other than promotersneeded 75%
4,875 votes for, 2.63 L against · 100% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 5 named members
owning 44.9% between them · as of 2026-06-30
ISG TRADERS LIMITED31.59%
ALBERT TRADING COMPANY PRIVATE LIMITED5.80%
SILENT VALLEY INVESTMENTS LIMITED3.98%
CONTINUOUS FORMS (CALCUTTA) LTD3.27%
SHRIVARDHAN GOENKA0.29%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.