N R Agarwal Industries Limited

Forest Materials · Paper, Forest & Jute Products

NSE: NRAIL BSE: 516082

₹669.45

Sept. 30, 2026 · NSE · nse_bhavcopy

Peers in Paper, Forest & Jute Products

The largest companies in the same industry by market cap. This company ranks #5 of 53. PE, ROE, 1Y return and scores come from the daily/weekly precomputed snapshot.

Company	Market cap (₹ Cr)	PE (TTM)	ROE	1Y return	Div. yield	Quality	Valuation	Momentum
JK Paper Limited	7,139	26.5	4.8%	0.2%	1.02%	47	65	31
West Coast Paper Mills Limited	4,865	22.0	3.7%	52.1%	0.41%	67	74	54
Seshasayee Paper and Boards Limited	1,517	17.2	4.0%	-6.8%	—	66	86	33
ANDHRA PAPER LIMITED	1,445	52.3	6.7%	-8.1%	—	50	50	53
N R Agarwal Industries Limited (this stock)	1,139	18.3	4.9%	56.6%	0.30%	37	79	88
Tamil Nadu Newsprint & Papers Limited	1,042	4.0	-0.3%	-5.2%	2.66%	26	100	51
Pudumjee Paper Products Limited	923	10.1	14.0%	-20.8%	0.62%	74	96	51
Emami Paper Mills Limited	723	8.1	10.7%	24.0%	2.68%	39	98	86

Valuation multiples

Current only. Market cap is the whole company's; sales/EBITDA are trailing-twelve-month standalone; debt and cash come from the latest filed standalone balance sheet (March 31, 2026). EBITDA = PBT + interest + depreciation.

Enterprise value

₹1,925 Cr

EV / EBITDA

8.4x

EV / Sales

0.82x

Market cap / Sales

0.49x

Earnings yield

5.45%

Quarterly Financials

Download CSV

Standalone Consolidated

↑ Positive

Quarterly Revenue

Jun 2026 quarterly revenue is Rs 653 Cr, up 36.6% YoY.

Period end	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)	Basic EPS
June 30, 2026	647	46	35	₹20.5500
March 31, 2026	605	24	14	₹8.3400
Dec. 31, 2025	563	26	14	₹8.4800
Sept. 30, 2025	525	-0	-1	₹-0.8700
June 30, 2025	452	10	17	₹9.7200
March 31, 2025	466	-3	-7	₹
Dec. 31, 2024	418	9	13	₹7.4800
Sept. 30, 2024	428	4	8	₹4.9000
June 30, 2024	347	6	3	₹2.0000
March 31, 2024	247	21	16	₹9.2000
Dec. 31, 2023	336	39	31	₹18.4700
Sept. 30, 2023	342	39	38	₹22.2200
June 30, 2023	369	39	41	₹23.8300

Quarterly income statement (standalone, ₹ Cr)

Indicator	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23
Total income (before exceptional items)	653	606	567	519	478	432	437	354	250	338	343	371	389
Operating revenue	647	605	563	525	452	418	428	347	247	336	342	369	386
Other income	6	0	3	-6	26	14	9	7	3	2	2	3	2
Operating expenses	573	549	506	481	436	389	401	319	213	288	294	322	351
Operating profit	74	57	57	44	17	29	27	28	34	48	48	47	35
Operating profit margin	11.5%	9.4%	10.2%	8.4%	3.7%	6.8%	6.3%	8.0%	13.7%	14.2%	14.0%	12.6%	9.0%
Depreciation	18	18	17	17	17	17	16	16	10	9	9	9	9
Interest	16	16	16	17	16	16	16	13	5	2	1	2	3
Exceptional items, gain / (loss)	—	—	-1	-4	—	—	—	—	—	—	—	—	—
Profit before tax	46	24	26	-0	10	9	4	6	21	39	39	39	25
Tax	11	10	12	1	-7	-3	-4	3	5	7	1	-2	5
Net profit	35	14	14	-1	—	13	8	3	16	31	38	41	20
EPS	20.55	8.34	8.48	-0.87	9.72	7.48	4.90	2.00	9.20	18.47	22.22	23.83	11.68
Net profit (TTM)	62	—	—	—	—	40	59	88	125	130	118	107	99
EPS (TTM)	36.50	25.67	24.81	21.23	24.10	23.58	34.57	51.89	73.72	76.20	69.07	62.97	58.35

Total income excludes exceptional items, which are shown on their own row. Trendlyne and Screener fold exceptional items into revenue or other income, so their totals differ from this table by exactly that row.

Annual Financials

Year ended	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)
March 31, 2026	2,145	60	44
March 31, 2025	1,659	16	18
March 31, 2024	1,293	138	125
March 31, 2023	1,766	148	99

Annual income statement (standalone, ₹ Cr; CAGR to the latest year)

Indicator	CAGR 3Y	CAGR 5Y	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Total income (before exceptional items)	6.8%	13.5%	2,169^†	—	1,303^†	1,778^†	1,628^†	1,154^†	1,417^†	1,339^†	1,232^†	1,050^†
Operating revenue	6.7%	13.4%	2,145	1,659	1,293	1,766	1,617^†	1,146^†	1,405^†	1,331^†	1,226^†	1,046^†
Other income	—	—	24^†	—	9^†	12^†	11^†	8^†	12^†	8^†	6^†	4^†
Operating expenses	—	—	1,971^†	—	1,117^†	1,581^†	1,474^†	1,013^†	1,189^†	1,149^†	1,071^†	873^†
Operating profit	-1.9%	5.6%	174^†	—	176^†	185^†	143^†	133^†	216^†	182^†	155^†	173^†
Operating profit margin	—	—	8.1%^†	—	13.6%^†	10.5%^†	8.8%^†	11.6%^†	15.4%^†	13.7%^†	12.7%^†	16.6%^†
Depreciation	—	—	69^†	—	37^†	36^†	34^†	33^†	32^†	27^†	26^†	25^†
Interest	—	—	64^†	—	11^†	14^†	25^†	30^†	36^†	32^†	38^†	43^†
Exceptional items, gain / (loss)	—	—	-6^†	—	0^†	0^†	0^†	0^†	0^†	0^†	0^†	-0^†
Profit before tax	-26.1%	-5.1%	60	16	138	148	95^†	78^†	161^†	131^†	97^†	73^†
Tax	—	—	16^†	—	12^†	48^†	34^†	20^†	44^†	36^†	7^†	—
Net profit	-23.9%	-5.3%	44	18	125	99	61^†	57^†	117^†	95^†	90^†	70^†
EPS	-23.9%	-5.3%	25.67^†	—	73.72^†	58.35^†	35.85^†	33.63^†	68.61^†	—	—	—

^† Derived: the sum of that fiscal year's four quarterly filings (a real annual filing is used wherever one exists). Checked against filed annual figures, the sum lands within 0.5% for about 94% of company-years.

Annual ratios (standalone)

Ratio	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Operating margin	8.1%^†	—	13.6%^†	10.5%^†	8.8%^†	11.6%^†	15.4%^†	13.7%^†	12.7%^†	16.6%^†
EBIT margin	5.8%^†	—	11.5%^†	9.1%^†	7.4%^†	9.4%^†	14.0%^†	12.3%^†	11.0%^†	11.1%^†
PBT margin	2.8%	1.0%	10.6%	8.4%	5.9%^†	6.8%^†	11.5%^†	9.8%^†	7.9%^†	6.9%^†
Net margin	2.0%	1.1%	9.7%	5.6%	3.8%^†	5.0%^†	8.3%^†	7.1%^†	7.4%^†	6.7%^†
Interest coverage	1.93x^†	—	14.06x^†	11.72x^†	4.75x^†	3.56x^†	5.49x^†	5.02x^†	3.56x^†	2.68x^†
Dividend payout	7.8%^†	—	0.0%^†	0.0%^†	2.8%^†	0.0%^†	5.8%^†	—	—	—
Earnings retention	92.2%^†	—	100.0%^†	100.0%^†	97.2%^†	100.0%^†	94.2%^†	—	—	—
Current ratio	1.15x	1.33x	—	—	—	—	—	—	—	—
Quick ratio	0.64x	0.89x	—	—	—	—	—	—	—	—
Debt to equity	0.97x	0.80x	—	—	—	—	—	—	—	—
Return on equity	5.4%	2.3%	—	—	—	—	—	—	—	—
Return on assets	2.2%	1.0%	—	—	—	—	—	—	—	—
Return on capital employed	8.0%^†	—	—	—	—	—	—	—	—	—
Asset turnover	1.06x	0.94x	—	—	—	—	—	—	—	—

Margins and asset turnover use operating revenue (interest earned for banks, excluding other income), not total income. Liquidity, leverage and return ratios need a filed standalone balance sheet, which exists only for recent years; returns use year-end equity/assets. Dividend payout is shown only for companies with a dividend record. † = built from a summed fiscal year.

Revenue Mix

Data unavailable.

Cash Flow

Year ended	Operating (₹ Cr)	Investing (₹ Cr)	Financing (₹ Cr)	Capex (₹ Cr)	Free Cash Flow (₹ Cr)
March 31, 2026	95	-188	96	294	-199
March 31, 2025	176	-175	-1	120	56
March 31, 2024	135	-548	405	534	-399
March 31, 2023	129	-96	-25	194	-65
March 31, 2022	95	-41	-55	42	53

Balance Sheet (standalone)

Year ended	Total Assets (₹ Cr)	Total Equity (₹ Cr)	Reserves (₹ Cr)	Borrowings, Current (₹ Cr)	Borrowings, Non-current (₹ Cr)	Current Assets (₹ Cr)	Current Liabilities (₹ Cr)	Cash & Equivalents (₹ Cr)	Net Block (₹ Cr)	Inventory (₹ Cr)
March 31, 2026	2,031	815	798	202	587	568	492	3	1,185	254
March 31, 2025	1,770	775	758	120	501	511	385	1	1,171	168
March 31, 2024	—	—	—	—	—	—	—	—	—	—
March 31, 2023	—	—	—	—	—	—	—	—	—	—
March 31, 2022	—	—	—	—	—	—	—	—	—	—

Financial charts

Trend charts drawn from the standalone income-statement and ratio tables above (oldest year on the left); a gap means that period has no figure. Annual years marked † in the tables are derived from four quarters.