Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 1 Sep - Newspaper advertisements in respect of 87th AGM of the company are attached
Source: Bse
Star Paper Mills Limited (STARPAPER)
Small CapIndustrials stocks · Small cap · NSE
Star 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, 05:57 pm ISTDetails
Quote21 Oct, 05:57 pm IST
Base fundamentals18 Oct 2026 · screener
Latest result16 Aug, 01:24 am 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
51NeutralMACD +
Stock trend: 55
Sector RS: 46
Sector 3M: -7.1% vs Nifty 500 -5.6%
Industrials FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
STARPAPERD candles · FIT view+5.8%Latest close ₹147.83 on 2026-10-21
Bar
-7.6%
RSI
42
MACD hist
0.15
52W pos
52%
2026-10-21O ₹160.00H ₹162.99L ₹146.01C ₹147.83Vol 35,398 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
STARPAPERNifty India ManufacturingNifty 500
- STARPAPER
- +2.9%
- Nifty 500
- -6.5%
- Nifty India Manufacturing
- -7.7%
- Vs Nifty 500
- +9.4 pp
Chart stats
21 Oct 2026- From 52W high
- -15.0%
- 52W range position
- 52%
- ATR (14)
- 5.6%
- Volume vs 20D
- 3.43x
- Avg traded value
- ₹0.2 Cr
- 20D price channel
- ₹146 - ₹174
₹174
₹119.1 - ₹174
₹8.3
Latest completed session
20-session average
48.9% 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 is neutral, 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 · WATCHLIST35
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad0
Revenue +2.0% · PAT -15.4% YoY
Technical
Neutral51
Price trend and sector-relative-strength timing.
Valuation
Legacy model-66.5%
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
Bad · 0/100PAT -15% YoY · margin compression · Rev +2% YoY
Filed 30 Jun 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹103 Cr | +2.0% | -8.8% |
| EBITDA | ₹3 Cr | -50.0% | -25.0% |
| Operating margin | 2.7% | -330 bps | -130 bps |
| PAT | ₹11 Cr | -15.4% | NDF |
| PAT margin | 10.7% | -219 bps | +1156 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 17.40
- P/B
- 2.24
- EV/EBITDA
- 5.36
- Market Cap
- 260.00Cr
Profitability
- ROE
- 13.70%
- ROCE
- 19.90%
- ROA
- 6.78%
- Dividend Y
- 1.64%
Growth (CAGR)
- Revenue 5Y
- 2.00%
- EPS 5Y
- 2.00%
- Revenue 3Y
- -10.00%
- EPS 3Y
- -10.00%
Balance Sheet
- Debt/Equity
- 0.30
- Interest Coverage
- 3.70×
- Altman Z
- 4.11
- Book Value
- 74.00
Cash Flow
- FCF Yield
- 13.46%
- FCF Positive Y
- 2/5
- OCF
- 37.00 Cr
- EPS TTM
- 10.03
Shareholding
- Promoter Hold
- 44.93%
- Promoter Pledge
- 47.20%
- Momentum 52W
- 86%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 410-6.0% vs prev
Net Profit
₹ CrLatest: 33.0-19.5% vs prev
Return on Equity
%Latest: 4.7-22.8% 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
NeutralTrend is undirectional — long-term uptrend intact. RSI 42.
- Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
- SMA20 roughly flat — short-term momentum stalled.
- RSI(14) at 42 — falling, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- 15% off 52W high · 24% 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
67
RS percentile
Stage 2 UptrendEstablished S2
1M return
+1.5%
3M return
+9.6%
6M return
+9.3%
1Y return
-3.8%
RS 1D
-4
RS 20D
+7
Sector rank
#2
Industry rank
#42
Stage evidence
- Price is 11.6% above the 30-week proxy.
- The 50-DMA is above the 30-week proxy and its slope is rising +1.8%.
- Both 3-month and 6-month returns are positive.
50-DMA
price above
200-DMA
price above
S2 entered
15 Sept 2026
S2 age
24 trading sessions
Sector
leading
Industry
weakening
Relative-strength line vs Nifty 500 (base 100)
262 observations
21 Oct 2026Value 92.26-7.40%
RS vs Nifty 50092
Valuation & peers
U-Score 35 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Valuation & peers
U-Score 35 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
WATCHLIST
Fundamental score breakdown
U band · WATCHLISTValuation9/30
Growth3/25
Quality9/20
Balance Sheet5/15
Cash Flow8/10
Piotroski
8/9 (+5)
Penalties
-4
Raw sum
35
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
35/100 · legacy band WATCHLIST
Positive drivers
- FCF yield is supportive at 13.5%.
- Piotroski is strong at 8/9.
- Cash flow contributes 8/10 to the score.
Main drags
- Promoter pledge is 47.2%.
- Penalty bucket subtracts 4 points.
- Fair-value margin of safety is negative at -66.5%.
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
17.4
PB
2.2
EV/EBITDA
5.4
ROE
13.7%
ROCE
19.9%
FCF Yield
13.5%
Debt/Equity
0.3
MoS
-66.5%
Cyclical/value-trap warning
This sector can look cheap when profits are temporarily high. Check mid-cycle margins/earnings before relying on trailing PE.
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
35
Previous: 35
Legacy U-Score band
WATCHLIST
Previous: WATCHLIST
Margin of safety
-66.5%
Previous: -81.5%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
38
38
38
38
38
38
38
38
35
35
35
35
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
₹129.23
-14.4% MoS
Growth-justified P/E
8.8
Growth-justified Value
₹88.77
-66.5% MoS
PEG
8.70
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
MODIRUBBER
Small
Modi Rubber Limited
Paper & Packaging
match 99
23
30511.0
0.1%
-1305614%
OVERVALUED
SAPPL
Small
Shree Ajit Pulp & Paper Limited
Paper & Packaging
match 98
66
7.0
11.4%
+47%
UNDERVALUED
RUCHIRA
Small
Ruchira Papers Limited
Paper & Packaging
match 97
67
9.3
9.2%
+76%
UNDERVALUED
ORIENTPPR
Small
Orient Paper & Industries Limited
Paper & Packaging
match 96
64
2.2
22.1%
+43%
UNDERVALUED
GENUSPAPER
Small
Genus Paper & Boards Limited
Paper & Packaging
match 93
50
19.0
3.0%
+52%
FAIR VALUE
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
Star 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: results consistency is weak at 22/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
4 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
4 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
35
weak · holding, pledge, alignment
Cash flow
77
strong · profit to cash conversion
Balance sheet
81
strong · leverage and solvency
Discipline
60
acceptable · capital discipline
Results
22
weak · quarterly consistency
Trust positives
- ▸FCF yield is 14.8%.
Trust risks
- ▸Promoters have pledged 47.2% of holding.
- ▸1/4 latest quarters had positive YoY revenue growth.
- ▸0/4 latest quarters had positive YoY PAT growth.
- ▸1 of the latest 4 quarters 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 Star Paper Mills Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 14 Aug - Copy of newspaper advertisement in respect of financial results for the June''26 quarter
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 26 Jun - Newspaper advertisement in respect of Special Window for re-lodgement of transfer requests of physical shares-JUNE''26
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.