DINESH

Emami Paper Mills

Latest CMP 109
Today's Change ▼ -1.58%
52-Week High / Low 123 | 57
Price Date: 14-Aug-2026
Recommendation Strong Buy
Target Price 168
Expected Upside 24.1%
Forecast Horizon 2 Years
Historical CAGR Not Available
1,000 Invested
Today's Value
Investment Period < 5 Years

Stock Snapshot

Post Results Return
+27.2%
Strong Positive Re-rating
1-Year Target Price
188
2-Year Target Price
168
52-Week High / Low
123 / 57
20-Day Return
+15.4%
Market Cap (Cr.)
660
Current PE
10.5
P/BV Ratio
1.1
Dividend Yield
1.7%
Industry PE
21.0

Price Performance

Basis of our Recommendation

Emami Paper Mills is currently navigating a recovery phase following a period of revenue contraction, as indicated by management's commentary and recent earnings discussions. The company's profitability is expected to improve, supported by expanding margins, which is crucial in a competitive industry characterized by pricing pressures. Despite the stable market share of approximately 12.74%, the broader Paper & Paperboard industry faces challenges, including a projected decline in growth rates, which Vista anticipates will impact revenue generation. The current financial outlook reflects a cautious optimism, with revenue growth expected to stabilize, albeit at a modest pace. Vista's valuation suggests a growth trajectory, but the classification as a 'value trap' indicates potential risks associated with weak cash conversion relative to the asset base. The macroeconomic environment in India remains supportive, with favorable liquidity conditions and contained inflation, which could bolster demand for paper products. However, the competitive landscape necessitates a focus on operational efficiencies and innovation. Over the next 12-24 months, key watchpoints include the company's ability to enhance cash generation and navigate industry pressures while capitalizing on any emerging market opportunities

👍 Why We Like This Stock

Things To Watch Out For

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

Actuals Forecast
FY24 FY25 FY26 FY27 FY28
Revenue (Cr.) 1,994 1,928 1,907 2,114 1,990
Profit Before Tax (Cr.) 112 32 94 171 145
PBT Margin 5.6% 1.6% 494.2% 8.1% 7.3%
Net Profit (Cr.) 91 32 62 113 96
Earnings Per Share 15.0 5.3 10.2 18.7 15.9

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 manufactures and sells paper and paper board products in India. It offers packaging boards; and newsprint, writing, and printing papers, and kraft papers, as well as specialty papers. The company serves business-to-business customers consisting of front-line printers/converters, brands, end-use customers, Indian media houses, and retail and institutional consumers. It also exports its products. The company was incorporated in 1981 and is based in Kolkata, India.