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EMAP.NS NSE (India) Paper Products

Emami Paper Mills Ltd

$78,81
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LatestEmami Paper Mills hits 20% upper circuit on 512% profit surge
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Mcap
P/E
EV / Rev
Div yield
1,96 %
Op margin
9,1 %
ROE
3,5 %
Net margin
5,0 %
Debt / equity
0,78
Beta
52w range
Volume
Day range
Prev close
Open
Next earnings
Ex-dividend
TR 1Y
About

Emami Paper Mills Ltd maintains a debt-to-equity ratio of 0.78, indicating a moderate reliance on debt financing relative to equity. The company's liquidity position is characterized as medium, with a current ratio of 1.02, suggesting that it has just enough current assets to cover its current liabilities. However, the firm's net cash position is negative after accounting for total debt, signaling potential liquidity constraints. In terms of profitability, the company's return on equity (ROE) is 3.51%, and its return on assets (ROA) is 1.59%. These figures are below the industry median for ROE and ROA in the Paper Products sector, indicating that the company is underperforming its peers in terms of capital efficiency and asset utilization. The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases exposure to regional economic fluctuations and market-specific risks. The absence of segmental or geographic breakdown in the financial data suggests a high concentration of risk in one operational area. Looking ahead, the company's growth trajectory appears modest. Based on the available fina

Business. Emami Paper Mills Ltd (EMAP.NS) is an Indian company operating in the Paper Products industry within the Basic Materials sector. The firm is primarily listed on the National Stock Exchange of India. Specific details regarding its operating segments, headquarters location, and geographic revenue mix are not available in the provided data. Consequently, the company is described at the industry level as a producer of paper products.

Classification92 %
SectorBasic Materials
Business sectorApplied Resources
IndustryPaper Products
Generated · model-assisted
Sell-side consensus
consensus pending
— buy— hold— sell
Avg 12m price target
Upcoming events
— missing data
See all catalysts →

At a glance

Score
not yet scored
Valuation
valuation pending
Analysts
not yet wired
Ownership
not yet wired
Profitability
3,5 %
return on equity
Quality
not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

1
  • MARKETSEmami Paper Mills hits 20% upper circuit on 512% profit surge2026-07-22
  • Sector rotation

    Sector1D1Mvs mkt
    Materials · THIS SECTOR+2,3 %+6,6 %+1,7 %
    Communication Services+2,2 %−5,5 %+1,6 %
    Energy+0,6 %+3,3 %+0,0 %
    Health Care+0,6 %−0,8 %+0,0 %
    Information Technology+0,6 %+6,7 %+0,0 %
    Consumer Discretionary+0,4 %+7,6 %−0,2 %
    Financials−0,3 %−2,8 %−0,9 %
    Consumer Staples−0,4 %+2,5 %−1,0 %
    Real Estate−0,7 %+10,9 %−1,3 %
    Industrials−1,9 %−3,1 %−2,5 %
    Utilities−1,9 %+28,2 %−2,5 %

    Developing storylines

    No tracked sagas currently linked to EMAP.NS. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Macro
    • Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
    • Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
    • Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
    • Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR

    Pre-earnings brief

    Briefing · model-assisted

    There are no material changes, watcher signals, or cross-source signals to report for Emami Paper Mills Ltd (EMAP.NS) based on the provided facts. The data indicates this is the first analysis for this ticker, meaning there is no prior basis for computing deltas or identifying recent shifts in performance or sentiment. The company profile, listed under the display name EMA PARTNERS INDIA LTD, shows minimal external engagement metrics. There are zero analysts covering the stock, no index memberships, and no identified top holders. Additionally, the officer count is listed as one, suggesting a lean management structure or limited disclosed executive data in the current dataset. Cross-source signal data for the period between June 26, 2026, and July 16, 2026, shows zero dispatches per day with null sentiment values. This absence of news flow or market commentary further underscores the lack of recent activity or notable events associated with the ticker during this timeframe. Consequently, there is no significant development to synthesize regarding what changed for Emami Paper Mills Ltd. Investors and analysts should note that the current data snapshot provides a baseline profile without any recent financial, operational, or market-driven updates to interpret.

    Signals & dispatch

    peak dispatch · 2026-07-22

    Composite-score breakdown

    Synthesis

    Business

    Emami Paper Mills Ltd (EMAP.NS) is an Indian company operating in the Paper Products industry within the Basic Materials sector. The firm is primarily listed on the National Stock Exchange of India. Specific details regarding its operating segments, headquarters location, and geographic revenue mix are not available in the provided data. Consequently, the company is described at the industry level as a producer of paper products.

    Classification92 %
    SectorBasic Materials
    Business sectorApplied Resources
    IndustryPaper Products
    AI synthesis
    GENERATED

    Emami Paper Mills Ltd maintains a debt-to-equity ratio of 0.78, indicating a moderate reliance on debt financing relative to equity. The company's liquidity position is characterized as medium, with a current ratio of 1.02, suggesting that it has just enough current assets to cover its current liabilities. However, the firm's net cash position is negative after accounting for total debt, signaling potential liquidity constraints.

    In terms of profitability, the company's return on equity (ROE) is 3.51%, and its return on assets (ROA) is 1.59%. These figures are below the industry median for ROE and ROA in the Paper Products sector, indicating that the company is underperforming its peers in terms of capital efficiency and asset utilization.

    The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases exposure to regional economic fluctuations and market-specific risks. The absence of segmental or geographic breakdown in the financial data suggests a high concentration of risk in one operational area.

    Looking ahead, the company's growth trajectory appears modest. Based on the available financial history and outlook data, there is no indication of significant revenue acceleration in the current or next fiscal year. The capital expenditure of -198.2 million INR suggests a reduction in investment in new projects or capacity expansion, which may limit future growth potential.

    The risk assessment highlights a medium liquidity risk and a low dilution risk. The company's dilution potential is minimal, as the number of basic and diluted shares outstanding is identical, indicating no imminent threat from share issuance. However, the negative net cash position after debt is a red flag for liquidity management.

    Recent filings and transcripts do not provide additional insights into the company's strategic direction or operational performance. The absence of recent material events or disclosures suggests a stable but unremarkable business environment for Emami Paper Mills Ltd.

    There are no material changes, watcher signals, or cross-source signals to report for Emami Paper Mills Ltd (EMAP.NS) based on the provided facts. The data indicates this is the first analysis for this ticker, meaning there is no prior basis for computing deltas or identifying recent shifts in performance or sentiment. The company profile, listed under the display name EMA PARTNERS INDIA LTD, shows minimal external engagement metrics. There are zero analysts covering the stock, no index memberships, and no identified top holders. Additionally, the officer count is listed as one, suggesting a lean management structure or limited disclosed executive data in the current dataset. Cross-source signal data for the period between June 26, 2026, and July 16, 2026, shows zero dispatches per day with null sentiment values. This absence of news flow or market commentary further underscores the lack of recent activity or notable events associated with the ticker during this timeframe. Consequently, there is no significant development to synthesize regarding what changed for Emami Paper Mills Ltd. Investors and analysts should note that the current data snapshot provides a baseline profile without any recent financial, operational, or market-driven updates to interpret.

    Key takeaways
    • Emami Paper Mills Ltd has a moderate debt-to-equity ratio but faces liquidity constraints due to a negative net cash position.
    • The company's ROE and ROA are below industry medians, indicating subpar capital efficiency and asset utilization.
    • Revenue and operational concentration in a single segment increases exposure to market-specific risks.
    • The company is not investing in new projects or capacity expansion, which may limit future growth.
    • Dilution risk is low, but liquidity risk remains a concern due to the negative net cash position.

    Bull / Bear case

    Generated · model-assisted
    BULL CASE · 4

    Cash conversion of 12.92 is best-in-class compared to the cohort median of 1.58, demonstrating strong cash generation.

    Revenue grew at a 12.2% CAGR over four years, showing consistent top-line expansion despite recent volatility.

    Net margin of 5.0% exceeds the peer median of 3.0%, highlighting better cost control relative to competitors.

    Return on equity of 3.5% outperforms the cohort median of 2.2%, suggesting efficient use of shareholder capital.

    BEAR CASE · 2

    High credit risk flag indicates potential difficulties in meeting debt obligations or securing favorable financing terms.

    Debt-to-equity ratio of 0.78 is higher than the peer median of 0.46, implying greater financial leverage risk.

    In focus — financials by report

    Annual
    ANNUALFiled 2024-05-28
    FY 2024 · Full-year highlights

    Revenue INR 19.94B, −16,3% YoY; Operating income +5,6% YoY.

    RevenueINR 19.94B−16,3 % YoY
    Operating incomeINR 1.77B+5,6 % YoY
    Net incomeINR 843.0M+21,9 % YoY
    Free cash flowINR 1.02B+6,4 % YoY
    EPS
    Operating cash flowINR 3.51B+982,4 % YoY
    Financials
    Income statement
    RevenueINR 19.94B
    Gross profitINR 5.11B
    Operating incomeINR 1.77B
    Net incomeINR 843.0M
    Margins
    Gross margin25.6%
    Operating margin8.9%
    Net margin4.2%
    FCF margin5.1%
    Balance sheet
    Total assetsINR 17.14B
    Total liabilitiesINR 9.40B
    Total equityINR 7.74B
    Cash & equivalentsINR 50.0M
    Long-term debtINR 6.06B
    Cash flow
    Operating cash flowINR 3.51B
    CapEx-INR 198.2M
    Free cash flowINR 1.02B
    SBC
    P&L flow · revenue → net income
    Revenue INR 5.45BOperating costs INR 4.96BNet income INR 272.0M
    Highlights
    • Revenue INR 19.94B, −16,3% YoY
    • Operating income +5,6% YoY
    • Net income +21,9% YoY
    • Free cash flow +6,4% YoY
    • Net margin 4.2%

    Valuation FY

    Market price
    $78,81
    Market cap
    Enterprise value
    P/E
    Non-GAAP P/E
    EV / Revenue
    EV / Op income
    EV / OCF
    P / B
    P / Tangible book
    Tangible book
    $7.74B
    Net cash
    -$6.01B
    Current ratio
    1.0
    Debt / equity
    0.8
    ROA
    1.6%
    ROE
    3.5%
    Cash conversion
    1292.0%
    CapEx / revenue
    -3.6%
    SBC / revenue
    Dilution ratio
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    — missing data

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskMedium
    Filing-based flags
    • Net cash is negative after subtracting total debt.

    Benchmarks vs cohort

    Op Margin9,1 %Above P75
    Net Margin5,0 %Above median
    ROE3,5 %Above median
    Capex / Rev-3,6 %Above median
    D/E0,78Below median
    Cash Conv12,92Best in class

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    How metrics are computed
    • Dilution Ratio
      (shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
    • Net Cash
      cash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
    • Capex To Revenue
      capital_expenditure / revenue
    • Return On Equity
      net_income / total_equity
    • Debt To Equity
      (short_term_debt + long_term_debt) / total_equity
    • Cash Conversion Ratio
      operating_cash_flow / net_income
    Source documents
    • Emami Paper Mills Ltd Market data — financials · 2026-05-27

    Ownership & reference

    Leadership

    • Aditya Vardhan AgarwalExecutive Chairman of the Board

    Insider activity

    — missing data

    Short positioning

    — missing data

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    EMAP.NSCanonical
    NSE (India) · USD

    Intel & risk

    peak dispatch · 2026-07-22
    OSINT findings
    Dilution riskLow
    Liquidity riskMedium
    Net cash is negative after subtracting total debt.

    Evidence & claims

    From filings & derived data
    — missing data

    The Thread

    Everything we know, in order
    2024-05-28 17:12 UTCEARNINGSAnnual results — FY 2024 Revenue INR 19.94B · Net INR 843.0M
    2023-05-26 16:31 UTCEARNINGSAnnual results — FY 2023 Revenue INR 23.81B · Net INR 691.7M
    2022-05-25 15:30 UTCEARNINGSAnnual results — FY 2022 Revenue INR 19.58B · Net INR 1.15B
    2021-06-01 17:41 UTCEARNINGSAnnual results — FY 2021 Revenue INR 12.16B · Net INR 510.6M
    The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage