DINESH

Emami Paper Mills

Latest CMP 120
Today's Change ▲ 0.79%
52-Week High / Low 121 | 55
Price Date: 30-Sep-2026
Recommendation Strong Buy
Target Price 173
Expected Upside 20.4%
Forecast Horizon 2 Years
Historical CAGR Not Available
1,000 Invested —
Today's Value —
Investment Period < 5 Years

Stock Snapshot

Post Results Return
+31.2%
Strong Positive Re-rating
1-Year Target Price
170
2-Year Target Price
173
52-Week High / Low
121 / 55
20-Day Return
+9.4%
Market Cap (Cr.)
723
Current PE
11.2
P/BV Ratio
1.3
Dividend Yield
1.8%
Industry PE
17.2

Price Performance

Vista Outlook

Basis of our Recommendation

Emami Paper Mills is navigating a recovery phase, with management indicating a positive outlook for revenue growth following a contraction period. The company's profitability is expected to improve as margins expand, supported by a stable market share of approximately 12.74% in a sunrise industry characterized by increasing demand for sustainable packaging solutions. Despite competitive pricing pressures, Emami's focus on efficiency and innovation positions it well for long-term growth. Vista's financial outlook reflects this optimism, projecting a 36.9% upside with an attractive valuation relative to intrinsic value estimates. However, the company faces headwinds from rising raw material costs and potential supply chain disruptions, which could impact margins. The macroeconomic environment shows mixed signals, with moderate growth and inflationary pressures that warrant cautious optimism. Over the next 12-24 months, key opportunities include leveraging technological advancements and capitalizing on the growing demand for sustainable products, while watchpoints include managing competitive pressures and inflationary impacts on costs

👍 Why We Like This Stock

  • Revenue growth is recovering, indicating a positive trajectory after previous contractions
  • Margins are expected to improve, enhancing overall profitability
  • The company is well-positioned in a growing industry focused on sustainable packaging solutions

⚠ Things To Watch Out For

  • Intense competitive pressures may challenge pricing power and profitability
  • Rising raw material costs could negatively impact margins
  • Potential supply chain disruptions pose risks to operational efficiency

Key Parameters

Balance Sheet Strength
Weak Cash Conversion
Market Share
Stable
Industry Outlook
Weakening
Analyst View
Not Available
Dividend History
Irregular
FII Holdings
Stable

Financial Snapshot

View Technicals Analysis →
Actuals Forecast
FY24 FY25 FY26 FY27 FY28
Revenue (Cr.) 1,994 1,928 1,907 2,125 2,259
Profit Before Tax (Cr.) 112 32 94 136 136
PBT Margin 5.6% 1.6% 4.9% 6.4% 6.0%
Net Profit (Cr.) 91 32 62 90 90
Earnings Per Share 15.0 5.3 10.2 14.8 14.9

Analyst Recommendations

No analyst recommendations available.

Consensus Recommendation ► None
Consensus Target —
Coverage 0 Analysts
Analysts' Viewpoint

Company Overview

Show Company Profile

Emami Paper Mills Limited engages in the manufacture and sale of paper and paper board products in India. It offers packaging boards; and newsprint, writing, and printing papers, kraft papers, paperboards, as well as specialty papers. The company serves business-to-business customers consisting of packaging converters and processors, food and pharmaceutical product companies, publishers, educational institutions, commercial printers, and media houses. The company was incorporated in 1981 and is based in Kolkata, India.