Emami Paper Mills (EMAMIPAP)₹117.92+1.46%Paper & Paper Products
In the Jun 2026 quarter (standalone), Emami Paper Mills reported sales of ₹558 Cr, up 21.8% from Jun 2025, and net profit of ₹38.97 Cr, up 548.4% year on year. For the year to Mar 2026, sales were ₹1,901 Cr and net profit ₹60.93 Cr.
Company filings, standalone accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 436 | 513 | 482 | 502 | 493 | 453 | 473 | 458 | 450 | 498 | 495 | 558 |
| Expenses | 386 | 435 | 415 | 461 | 459 | 426 | 445 | 424 | 415 | 442 | 436 | 479 |
| Operating Profit | 51.81 | 80.65 | 69.73 | 42.81 | 36.84 | 29.88 | 30.87 | 37.87 | 35.88 | 59.77 | 61.75 | 82.72 |
| OPM % | 12.0% | 16.0% | 14.0% | 9.0% | 8.0% | 7.0% | 7.0% | 8.0% | 8.0% | 12.0% | 13.1% | 15.0% |
| Other Income | 0.00 | 0.99 | 1.99 | 0.99 | 0.99 | 0.99 | 1.99 | 1.99 | 4.98 | −1.99 | 14.96 | 0.00 |
| Interest | 16.94 | 15.94 | 15.94 | 13.95 | 14.96 | 16.94 | 15.95 | 16.95 | 16.96 | 17.96 | 15.95 | 16.95 |
| Depreciation | 12.03 | 13.03 | 21.05 | 13.04 | 13.04 | 13.04 | 13.04 | 13.04 | 14.05 | 14.05 | 14.04 | 13.04 |
| Profit before tax | 21.96 | 52.93 | 34.93 | 16.98 | 9.99 | 1.99 | 3.99 | 8.98 | 9.99 | 25.98 | 46.93 | 52.92 |
| Tax % | 26.1% | 25.1% | 23.1% | 27.1% | 25.1% | 5.0% | 2.0% | 33.1% | 35.1% | 36.0% | 34.1% | 28.1% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | −1.99 | 0.99 | 0.00 |
| Net Profit | 15.98 | 38.97 | 26.98 | 12.99 | 7.99 | 1.99 | 3.99 | 6.01 | 6.99 | 16.97 | 31.96 | 38.97 |
| EPS (Rs) | 2.72 | 6.53 | 4.51 | 2.13 | 1.26 | 0.29 | 0.66 | 1.05 | 1.10 | 2.82 | 5.23 | 6.41 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 537 | 1,136 | 1,350 | 1,532 | 1,509 | 1,211 | 1,950 | 2,374 | 1,986 | 1,921 | 1,901 | 2,000 |
| Expenses | 493 | 1,016 | 1,198 | 1,305 | 1,312 | 1,041 | 1,651 | 2,168 | 1,764 | 1,792 | 1,717 | 1,771 |
| Operating Profit | 46.83 | 128 | 160 | 238 | 208 | 177 | 313 | 221 | 235 | 141 | 195 | 240 |
| OPM % | 9.0% | 11.0% | 12.0% | 16.1% | 14.1% | 15.0% | 16.0% | 9.0% | 12.0% | 7.0% | 10.1% | 12.0% |
| Other Income | 5.98 | 23.92 | 10.96 | 3.99 | −22.94 | 91.69 | −3.99 | 1.99 | 2.99 | 3.99 | 19.94 | 17.95 |
| Interest | 15.95 | 69.73 | 83.78 | 107 | 117 | 94.74 | 82.71 | 62.85 | 66.76 | 60.82 | 67.78 | 67.82 |
| Depreciation | 27.08 | 56.14 | 64.19 | 69.24 | 73.23 | 72.24 | 74.18 | 68.20 | 60.14 | 52.16 | 55.17 | 55.18 |
| Profit before tax | 10.98 | 25.96 | 23.95 | 65.90 | −4.99 | 103 | 153 | 92.83 | 112 | 32.94 | 92.86 | 136 |
| Tax % | −158.0% | 27.1% | 32.1% | 34.1% | 131.0% | 50.1% | 25.1% | 26.1% | 25.1% | 22.1% | 34.1% | — |
| Exceptional items | 3.99 | 1.99 | 0.99 | 0.00 | −20.92 | 69.74 | −4.98 | 0.00 | 0.00 | 1.99 | −0.99 | −1.00 |
| Net Profit | 27.96 | 18.99 | 16.01 | 43.94 | −9.98 | 50.94 | 115 | 68.97 | 83.94 | 25.99 | 60.93 | 94.89 |
| EPS (Rs) | 4.63 | 3.16 | 2.72 | 7.29 | −1.74 | 8.47 | 19.05 | 11.48 | 13.98 | 4.32 | 10.18 | 15.56 |
| Dividend payout % | 12.9% | 19.0% | 44.0% | 15.9% | 0.0% | 0.0% | 8.0% | 13.9% | 11.0% | 36.9% | 31.9% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 11.97 | 11.98 | 11.97 | 11.98 | 11.97 | 11.98 | 11.97 | 11.98 | 11.97 | 11.97 | 11.98 | 11.97 |
| Reserves | 360 | 376 | 222 | 231 | 246 | 207 | 285 | 398 | 444 | 518 | 500 | 485 |
| Borrowings | 899 | 1,137 | 1,394 | 1,532 | 1,551 | 1,403 | 1,153 | 1,031 | 1,104 | 852 | 938 | 898 |
| Other Liabilities | 142 | 134 | 185 | 190 | 304 | 297 | 341 | 339 | 419 | 333 | 361 | 429 |
| Total Liabilities | 1,412 | 1,661 | 1,814 | 1,965 | 2,113 | 1,919 | 1,790 | 1,780 | 1,978 | 1,715 | 1,810 | 1,823 |
| Fixed Assets | 449 | 1,197 | 1,221 | 1,283 | 1,298 | 1,299 | 1,226 | 1,161 | 1,150 | 1,085 | 1,060 | 1,031 |
| CWIP | 622 | 5.01 | 5.01 | 9.02 | 103 | 1.01 | 0.00 | 31.09 | 4.01 | 10.03 | 4.01 | 5.01 |
| Investments | 0.99 | 0.99 | 55.89 | 55.88 | 43.92 | 23.95 | 53.87 | 48.92 | 38.95 | 44.92 | 58.89 | 38.89 |
| Other Assets | 342 | 459 | 533 | 619 | 668 | 595 | 510 | 539 | 786 | 575 | 687 | 748 |
| Inventories | 116 | 173 | 228 | 260 | 331 | 277 | 222 | 226 | 408 | 246 | 368 | 387 |
| Trade receivables | 44.10 | 103 | 149 | 221 | 209 | 210 | 201 | 219 | 264 | 262 | 240 | 275 |
| Cash & equivalents | 96.09 | 81.01 | 34.04 | 16.02 | 10.01 | 20.02 | 14.02 | 2.01 | 0.00 | 5.01 | 1.01 | 1.01 |
| Total Assets | 1,412 | 1,661 | 1,814 | 1,965 | 2,113 | 1,919 | 1,790 | 1,780 | 1,978 | 1,715 | 1,810 | 1,823 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 38.02 | −79.98 | −14.99 | 68.99 | 275 | 313 | 246 | 329 | 31.99 | 351 | 44.01 | 197 |
| Cash from investing activity | −419 | −102 | −60.07 | −124 | −157 | 31.01 | −7.01 | −34.04 | −24.02 | −10.01 | −17.01 | −26.01 |
| Cash from financing activity | 306 | 166 | 29.86 | 38.88 | −122 | −333 | −245 | −306 | −8.97 | −335 | −31.87 | −171 |
| Net cash flow | −74.04 | −14.01 | −45.02 | −16.02 | −4.01 | 10.01 | −7.01 | −12.02 | 0.00 | 5.01 | −5.01 | 0.00 |
| Capex | 464 | 117 | 63.21 | 126 | 157 | 38.96 | 9.77 | 34.92 | 26.10 | 19.78 | 20.47 | 29.56 |
| Free cash flow | −397 | −193 | −77.72 | −56.82 | 118 | 273 | 237 | 293 | 7.98 | 339 | 25.91 | 167 |
| CFO / OP % | 80.0% | −163.0% | −8.0% | 47.1% | 121.0% | 151.0% | 137.0% | 105.1% | 23.0% | 153.1% | 36.1% | 107.0% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 31 | 70 | 48 | 60 | 50 | 50 | 60 | 41 | 40 | 48 | 45 | 52 |
| Inventory days | 136 | 192 | 117 | 111 | 133 | 111 | 108 | 67 | 91 | 69 | 103 | 114 |
| Days payable | 84 | 85 | 43 | 37 | 76 | 77 | 89 | 48 | 47 | 34 | 43 | 59 |
| Cash conversion cycle | 85 | 179 | 124 | 136 | 108 | 87 | 81 | 62 | 85 | 85 | 107 | 110 |
| Working capital days | −54 | −94 | −39 | −30 | −57 | −69 | −78 | −21 | −11 | 0 | 3 | 12 |
| ROCE % | 2.0% | 2.0% | 6.0% | 6.0% | 10.1% | 8.1% | 8.0% | 17.1% | 10.1% | 12.1% | 7.0% | 11.1% |
For the Jun 2026 quarter, Emami Paper Mills reported sales of ₹558 Cr, up 21.8% year on year and net profit of ₹38.97 Cr, up 548.4% year on year. The operating margin was 15.0%.
Emami Paper Mills' sales for the year to Mar 2026 were ₹1,901 Cr; over the last twelve months they were ₹2,000 Cr.
Net profit for the year to Mar 2026 was ₹60.93 Cr, and ₹94.89 Cr over the last twelve months. Earnings per share over the same trailing period were ₹15.56.
Emami Paper Mills reported borrowings of ₹898 Cr at Mar 2026, against cash and equivalents of ₹1.01 Cr.
Cash from operations was ₹197 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹167 Cr.