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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
N R Agarwal Industries Limited is an India-based company, which is a manufacturer of recycled paper in India and a manufacturer of gray back and white back duplex boards. The Company operates through the Paper and Paper Boards segment. It manufactures recycled paper-based…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A decent, stagnant business, fully valued.
NR Agarwal is scored on the commodity / cyclical framework. It keeps a thin 2.0% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 2.17× reported profit. Free cash flow is worth about -8.2% of its market value.
Over the last 3 years revenue compounded at 7%/yr and profit at -24%/yr. Book value has grown 9%/yr. Return on equity is a modest 10.8%. In the latest quarter profit grew 146% versus the prior quarter.
At 26× earnings, the stock sits at the 77th percentile of its own 3.6-year range — the expensive end of where it has historically traded. Today's price asks for only ~2%/yr growth over a decade — undemanding expectations. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 12.04 | 23.35 | better |
| P/B | 1.3 | 0.66 | worse |
| EV/EBITDA | 7.2 | 6.92 | worse |
| ROE | 10.77 | 8.9 | better |
| ROCE | 11.77 | — | — |
| ROA | 4.43 | — | — |
| Quick Ratio | 0.64 | 3.27 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| JK Paper | 18.9 | 1.2 | 6.1% |
| West Coast Paper Mills | 20.6 | 1.4 | 4.2% |
| Seshasayee Paper & Boards | 11.4 | 0.6 | 5.6% |
7% CAGR — growing but slowly.
Revenue is outpacing profit (7% vs -24%) — costs are rising faster than the top line. The latest year saw a +148% swing — check if it's a one-off or structural.
Operating margin has compressed from 8% to 3% — costs or competition are eating into profitability.
ROE at 5% — modest; the capital isn't working hard. Capital efficiency declining — ROE down 10pp.
-24% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Cash conversion at 2.2× PAT — earnings are well-backed by cash; strong accrual quality. Investing outflows exceed operating cash — the company relies on external funding to finance expansion.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue rose 8% sequentially — momentum is building. Run-rate stepping up — recent quarters average 16% above earlier ones.
1 of 4 quarters loss-making — quarterly profitability is uneven. Profit jumped 146% QoQ — check if this is operating leverage or a one-off item. Quarterly net margins are expanding (-0% → 5%) — profitability per rupee of revenue is improving.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoters hold 74.3% — heavily owner-operated with strong skin in the game.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.