AnnouncementSep 2026
Sep 2026 · Announcement Under Regulation 30 Of SEBI LODR 1d - Q1 FY27 results approved; redemptions of OCRPS worth ₹123.75 crore due on 31 Jul and 16 Sep 2026.
Source: Bse
Emami Paper Mills Limited (EMAMIPAP)
Small CapIndustrials stocks · Small cap · NSE
Emami 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 21 Oct, 04:45 am ISTDetails
Quote21 Oct, 04:45 am IST
Base fundamentals06 Oct 2026 · screener
Latest result22 Jul, 06:36 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Industrials P/E 26.2 (n=537)
Technical timing lens
Trend score and candlestick chart
68Bullishfull bull SMA stack · SMA20 +1.3% / mo · MACD + · near 52W high
Stock trend: 79
Sector RS: 50
Sector 3M: -6.3% vs Nifty 500 -5.6%
Industrials FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
EMAMIPAPD candles · FIT view+59.7%Latest close ₹117.36 on 2026-10-19
Bar
-3.4%
RSI
52
MACD hist
0.26
52W pos
79%
2026-10-19O ₹121.54H ₹123.30L ₹117.00C ₹117.36Vol 12,758 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
EMAMIPAPNifty India ManufacturingNifty 500
- EMAMIPAP
- +24.1%
- Nifty 500
- -5.6%
- Nifty India Manufacturing
- -5.8%
- Vs Nifty 500
- +29.7 pp
Chart stats
19 Oct 2026- From 52W high
- -12.2%
- 52W range position
- 79%
- ATR (14)
- 4.6%
- Volume vs 20D
- 0.41x
- Avg traded value
- ₹0.3 Cr
- 20D price channel
- ₹109.6 - ₹125
₹133.7
₹55 - ₹133.7
₹5.4
Latest completed session
20-session average
34.7% annualized volatility
Research snapshot
What the evidence says now
Investable fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend supports entry, and recent execution is consistent.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · UNDERVALUED71
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Excellent100
Revenue +21.7% · PAT +550.0% YoY
Technical
Bullish68
Price trend and sector-relative-strength timing.
Valuation
Legacy model+80.7%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence74
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
Excellent · 100/100Rev +22% YoY · PAT +550% YoY · margin expansion · +13% QoQ · operating leverage
Filed 22 Jul 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹560 Cr | +21.7% | +12.9% |
| EBITDA | ₹83 Cr | +118.4% | +33.9% |
| Operating margin | 15.0% | +700 bps | +200 bps |
| PAT | ₹39 Cr | +550.0% | +21.9% |
| PAT margin | 7.0% | +566 bps | +51 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 7.37
- P/B
- 1.40
- EV/EBITDA
- 5.38
- Market Cap
- 696.00Cr
Profitability
- ROE
- 12.40%
- ROCE
- 11.40%
- ROA
- 5.16%
- Dividend Y
- 2.78%
Growth (CAGR)
- Revenue 5Y
- 9.00%
- EPS 5Y
- 40.00%
- Revenue 3Y
- -7.00%
- EPS 3Y
- -3.00%
Balance Sheet
- Debt/Equity
- 1.81
- Interest Coverage
- 3.54×
- Altman Z
- 2.53
- Book Value
- 81.90
Cash Flow
- FCF Yield
- 24.57%
- FCF Positive Y
- 8/5
- OCF
- 197.00 Cr
- EPS TTM
- 15.49
Shareholding
- Promoter Hold
- 74.97%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 76%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 2,381+95.8% vs prev
Net Profit
₹ CrLatest: 115+125.5% vs prev
Return on Equity
%Latest: 28.1+63.2% vs prev
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
Bullish setupTrend is constructive — long-term uptrend intact. RSI 52.
- Price > SMA20 > SMA50 > SMA200 — full bullish stack.
- SMA20 rising (~1.3% over last month) — short-term momentum positive.
- RSI(14) at 52 — sideways, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- 12% off 52W high · 113% 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
84
RS percentile
Stage 2 UptrendEstablished S2
1M return
+0.6%
3M return
+24.1%
6M return
+53.6%
1Y return
+17.6%
RS 1D
-2
RS 20D
0
Sector rank
#2
Industry rank
#42
Stage evidence
- Price is 24.9% above the 30-week proxy.
- The 50-DMA is above the 30-week proxy and its slope is rising +5.7%.
- Both 3-month and 6-month returns are positive.
50-DMA
price above
200-DMA
price above
S2 entered
23 Jul 2026
S2 age
61 trading sessions
Sector
leading
Industry
weakening
Relative-strength line vs Nifty 500 (base 100)
261 observations
19 Oct 2026Value 123.19-2.39%
RS vs Nifty 500123
Valuation & peers
U-Score 71 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 71 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Top Setup
Fundamental score breakdown
U band · UNDERVALUEDValuation28/30
Growth19/25
Quality4/20
Balance Sheet5/15
Cash Flow10/10
Piotroski
7/9 (+5)
Penalties
0
Raw sum
71
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
71/100 · legacy band UNDERVALUED
Positive drivers
- FCF yield is supportive at 24.6%.
- Piotroski is strong at 7/9.
- Fair-value margin of safety is positive at 80.7%.
Main drags
- Quality is weaker at 4/20; verify the latest quarterly trend.
- Balance sheet is weaker at 5/15; verify the latest quarterly trend.
- Growth is weaker at 19/25; 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
7.4
PB
1.4
EV/EBITDA
5.4
ROE
12.4%
ROCE
11.4%
FCF Yield
24.6%
Debt/Equity
1.8
MoS
+80.7%
Cyclical/value-trap warning
This sector can look cheap when profits are temporarily high. Check mid-cycle margins/earnings before relying on trailing PE. Current PE is low at 7.4, so peak-cycle earnings risk should be checked. Debt/equity is 1.8, 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
71
Previous: 71
Legacy U-Score band
UNDERVALUED
Previous: UNDERVALUED
Margin of safety
+80.7%
Previous: +80.7%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
71
71
71
71
71
71
71
71
71
71
71
71
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
₹168.95
+30.5% MoS
Growth-justified P/E
39.3
Growth-justified Value
₹608.76
+80.7% MoS
PEG
0.18
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
KUANTUM
Small
Kuantum Papers Limited
Paper & Packaging
match 93
65
18.5
3.5%
+56%
UNDERVALUED
PDMJEPAPER
Small
Pudumjee Paper Products Limited
Paper & Packaging
match 91
67
10.0
12.8%
+68%
UNDERVALUED
TNPL
Small
Tamil Nadu Newsprint & Papers Limited
Paper & Packaging
match 89
69
3.9
11.2%
+91%
UNDERVALUED
SEJALLTD
Small
Sejal Glass Limited
Paper & Packaging
match 89
61
26.3
31.1%
+34%
UNDERVALUED
ORIENTPPR
Small
Orient Paper & Industries Limited
Paper & Packaging
match 88
64
2.2
22.1%
+43%
UNDERVALUED
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
Emami 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
74Limited 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 75th percentile of the scored universe and 73rd percentile within Industrials. Main check: balance sheet trust is weak at 53/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
8 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
75th percentile
overall median 67 · Industrials: 73rd pctile, median 68 · Small: 77th pctile, median 66
Evidence depth
Financial-only
8 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
Acceptable, but check the weakest sub-score before increasing exposure.
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
89
strong · profit to cash conversion
Balance sheet
53
watch · leverage and solvency
Discipline
60
acceptable · capital discipline
Results
82
strong · quarterly consistency
Trust positives
- ▸Promoter holding is 75%.
- ▸Promoter pledge is zero.
- ▸FCF yield is 24.9%.
- ▸8 years of positive FCF.
Trust risks
- ▸Debt/equity is 1.81.
- ▸4 older quarters in the 8-quarter window had PAT decline worse than 25% YoY.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Emami Paper Mills Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Annual report
Reg. 34 (1) Annual Report. 10 Aug
Source: Bse
AnnouncementJul 2026
Jul 2026 · Announcement Under Regulation 30 Of SEBI LODR 7h - Corrigendum fixes board meeting start time to 12:00 noon on 22 July 2026.
Source: Bse
AnnouncementJul 2026
Jul 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 15 May - Notice to shareholders published in Business Standard (English - All India Edition) and Aajkaal (Bengali - Kolkata Edition) on Friday, 15th May, 2026 in connection …
Source: Bse
AnnouncementJul 2026
Jul 2026 · Announcement Under Regulation 30 Of SEBI (LODR) Regulations,2015 19 May - Emami Paper Mills asked physical shareholders to update KYC details; Saksham Niveshak campaign runs till 9 July 2026.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 6h - Copy of newspaper publication regarding the Unaudited Financial Results for the Quarter ended 30th June,2026.
Source: Bse
AnnouncementMay 2026
May 2026 · Appointment Of Cost Auditors 28 May - On 28 May 2026, board approved FY26 audited results; PAT Rs61.38 crore, 160% equity dividend, Manish Goenka reappointed.
Source: Bse
AnnouncementMay 2026
May 2026 · Announcement under Regulation 30 (LODR)-Change in Management 14 May - Partha Ray resigned as DGM-Import & Insurance effective 14 May 2026.
Source: Bse
AnnouncementMay 2026
May 2026 · Disclosure Under Regulation 30 Of SEBI (LODR)Regulations,2015 14 May - Letters sent on 13 May 2026 for unclaimed dividends; shareholders can claim by 10 September 2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 29 May - We hereby submit the newspaper clippings of the Audited Financial Results of Emami Paper Mills Limited for the 4th Quarter and Year ended 31st March, …
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Change in Management 28 May - FY26 audited results approved; dividend recommended, cost auditor appointed, and Manish Goenka reappointed for three years.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Dividend Updates 28 May - Board approved FY26 audited results, recommended Rs3.20 equity dividend, appointed cost auditor, reappointed Manish Goenka.
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.