Announcement
Announcement under Regulation 30 (LODR)-Scheme of Arrangement 16 Oct - NCLT admitted CP No. 214/2026 for capital reduction of ₹52.28 crore and 1.10 crore preference shares.
Source: Bse
Balkrishna Paper Mills Limited (BALKRISHNA)
Small CapIndustrials stocks · Small cap · NSE
Balkrishna Paper Mills Limited operates in Paper, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 19 Oct, 05:50 pm ISTDetails
Quote19 Oct, 05:50 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result12 Aug, 06:36 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Industrials P/E 26.2 (n=537)
Technical timing lens
Trend score and candlestick chart
34Bearishfull bear SMA stack · SMA20 -5.4% / mo · MACD +
Stock trend: 27
Sector RS: 46
Sector 3M: -7.6% vs Nifty 500 -6.0%
Industrials FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
BALKRISHNAD candles · FIT view-16.0%Latest close ₹15.60 on 2026-10-19
Bar
+0.0%
RSI
40
MACD hist
0.01
52W pos
30%
2026-10-19O ₹15.60H ₹15.99L ₹15.12C ₹15.60Vol 1,528 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
BALKRISHNANifty India ManufacturingNifty 500
- BALKRISHNA
- -13.6%
- Nifty 500
- -5.6%
- Nifty India Manufacturing
- -5.8%
- Vs Nifty 500
- -8.0 pp
Chart stats
19 Oct 2026- From 52W high
- -35.7%
- 52W range position
- 29%
- ATR (14)
- 5.2%
- Volume vs 20D
- 0.25x
- Avg traded value
- ₹0 Cr
- 20D price channel
- ₹15.1 - ₹17.3
₹24.3
₹12 - ₹24.3
₹0.8
Latest completed session
20-session average
25.7% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is weak.
Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · WATCHLIST36
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Good55
Revenue +57.1% · PAT NDF YoY
Technical
Bearish34
Price trend and sector-relative-strength timing.
Valuation
Legacy model+62.9%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence58
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Good · 55/100Rev +57% YoY · margin expansion · +98% QoQ
Filed 12 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹1.8 Cr | +57.1% | +97.8% |
| EBITDA | ₹-0.2 Cr | +6.3% | +42.3% |
| Operating margin | -8.5% | +577 bps | +2069 bps |
| PAT | ₹-1.8 Cr | NDF | NDF |
| PAT margin | -102.3% | +5487 bps | +20784 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- —
- P/B
- 0.69
- EV/EBITDA
- 33.38
- Market Cap
- 51.50Cr
Profitability
- ROE
- -22.60%
- ROCE
- -5.94%
- ROA
- 8.21%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 1.00%
- EPS 5Y
- 1.00%
- Revenue 3Y
- -7.00%
- EPS 3Y
- -7.00%
Balance Sheet
- Debt/Equity
- 1.09
- Interest Coverage
- -0.50×
- Altman Z
- 1.71
- Book Value
- 23.30
Cash Flow
- FCF Yield
- 27.18%
- FCF Positive Y
- 2/5
- OCF
- 3.00 Cr
- EPS TTM
- 5.22
Shareholding
- Promoter Hold
- 59.95%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 34%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 1.8+97.8% vs prev
Net Profit
₹ CrLatest: -1.8+34.8% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 40.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 falling (~5.7% over last month) — short-term momentum negative.
- RSI(14) at 40 — sideways, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- 35% off 52W high · 30% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
24
RS percentile
Stage 1 Base / Transition
1M return
-5.1%
3M return
-13.6%
6M return
-16.5%
1Y return
-32.5%
RS 1D
0
RS 20D
-2
Sector rank
#2
Industry rank
#42
Stage evidence
- Price is 10.1% below the 30-week proxy without full trend alignment.
- The 30-week proxy changed +0.3% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price below
Sector
leading
Industry
weakening
Relative-strength line vs Nifty 500 (base 100)
261 observations
19 Oct 2026Value 66.28+0.14%
RS vs Nifty 50066
Valuation & peers
U-Score 36 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Valuation & peers
U-Score 36 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Deep Value
Fundamental score breakdown
U band · WATCHLISTValuation30/30
Growth2/25
Quality0/20
Balance Sheet3/15
Cash Flow8/10
Piotroski
3/9 (+1)
Penalties
-8
Raw sum
36
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
36/100 · legacy band WATCHLIST
Positive drivers
- FCF yield is supportive at 27.2%.
- Fair-value margin of safety is positive at 62.9%.
- Valuation contributes 30/30 to the score.
Main drags
- Altman Z is 1.7, in distress territory.
- Penalty bucket subtracts 8 points.
- Quality is weaker at 0/20; verify the latest quarterly trend.
Sector valuation model
Cyclical valuation: normalized earnings, not just trailing PE
Cyclical companies can look cheapest near peak profits, so IndiaPulse flags value-trap risk separately.
Primary lens
Mid-cycle PE/EV/EBITDA using multi-year average margins or earnings.
Secondary checks
Current margin versus 5-year average, balance sheet strength, commodity cycle.
Main risk check
A low trailing PE may mean peak-cycle earnings, not true cheapness.
PE
—
PB
0.7
EV/EBITDA
33.4
ROE
-22.6%
ROCE
-5.9%
FCF Yield
27.2%
Debt/Equity
1.1
MoS
+62.9%
Cyclical/value-trap warning
This sector can look cheap when profits are temporarily high. Check mid-cycle margins/earnings before relying on trailing PE. Debt/equity is 1.1, so downturn resilience matters.
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
36
Previous: 36
Legacy U-Score band
WATCHLIST
Previous: WATCHLIST
Margin of safety
+62.9%
Previous: +62.9%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
36
36
36
36
36
36
36
36
36
36
36
36
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹52.31
+70.2% MoS
Growth-justified P/E
8.1
Growth-justified Value
₹42.07
+62.9% MoS
PEG
—
Comparable companies
Peers
Business-comparable peers in Industrials — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
MALUPAPER
Small
Malu Paper Mills Limited
Paper & Packaging
match 92
12
—
—
—
OVERVALUED
SUNDARAM
Small
Sundaram Multi Pap Limited
Paper & Packaging
match 89
47
14.7
3.1%
+65%
FAIR VALUE
ASTRON
Small
Astron Paper & Board Mill Limited
Paper & Packaging
match 85
13
—
-26.6%
—
OVERVALUED
STARPAPER
Small
Star Paper Mills Limited
Paper & Packaging
match 76
35
17.4
13.7%
-81%
WATCHLIST
ANDHRAPAP
Small
ANDHRA PAPER LIMITED
Paper & Packaging
match 76
34
51.4
-1.7%
-148%
WATCHLIST
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Balkrishna Paper Mills Limited operates in Paper, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
58Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 22nd percentile of the scored universe and 18th percentile within Industrials. Main check: balance sheet trust is weak at 35/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
6 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
22nd percentile
overall median 67 · Industrials: 18th pctile, median 68 · Small: 25th pctile, median 66
Evidence depth
Financial-only
6 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Needs extra due diligence; demand valuation comfort and recent improvement.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
77
strong · profit to cash conversion
Balance sheet
35
weak · leverage and solvency
Discipline
40
weak · capital discipline
Results
43
weak · quarterly consistency
Trust positives
- ▸Promoter holding is 60%.
- ▸Promoter pledge is zero.
- ▸FCF yield is 25.5%.
- ▸3/4 latest quarters had positive YoY revenue growth.
Trust risks
- ▸Altman Z is 1.72.
- ▸2 latest quarters had PAT decline worse than 25% YoY.
- ▸Debt/equity is 1.09.
- ▸ROCE is low at -5.9%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Balkrishna Paper Mills Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 29 Aug - Attached herewith Newspaper advertisement cuttings pertaining to 13th AGM to be held on 18th September, 2026. Please take the same on record.
Source: Bse
Annual reportSep 2026
Sep 2026 · Notice Of Annual General Meeting And Annual Report For Financial Year 2025-26. Ref.: Disclosure Under Regulation 34 And Regulation 53(2) Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015. 27 Aug - 13th AGM on 18 Sep 2026 via VC/OAVM; FY26 annual report and director reappointments proposed.
Source: Bse
Annual report
Reg. 34 (1) Annual Report. 28 Aug
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 14 Aug - We send herewith Newspapers cuttings of Unaudited Financial Results as on 30th June, 2026 published in (1) Business Standard and (2) Mumbai Lakshdeep, Marathi edition. …
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 1 Jun - We submit herewith newspapers cuttings of Postal Ballot Notice published on 01/06/2026 in Business Standard & Mumbai Lakshdeep, being dispatched by e-mail on 01/06/2026. Letter …
Source: Bse
Announcement
Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 29 May
Source: Bse
Announcement
Disclosure under Regulation 30A of LODR 22 May - Board approved FY26 audited results; revenue Rs 473.22 lakh, loss Rs 688.58 lakh, negative net worth Rs 17,544.16 lakh.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Meeting Updates 10 Apr - Board approved real estate business entry and proposed ICDs of up to Rs.100 crore from related parties.
Source: Bse
Annual reportMar 2026
Mar 2026 · Annual Report 2026
Source: Bse
AnnouncementMar 2026
Mar 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 25 May - Pursuant to Reg 30 & 47 of SEBI (LODR) Regulations, 2015, we submit herewith NewsPapers cuttings of AFR as on 31st March, 2026. Kindly acknowledge.
Source: Bse
Annual reportMar 2025
Mar 2025 · Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.