Ballarpur Industries Limited (BALLARPUR) AI Stock Analysis

• Market Cap: ₹1.15B
• Dividend Yield: N/A
• Average Volume (3M): N/A
• Price to Earnings (P/E): ―
• Beta (1Y): N/A
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: IN
• Employees: 1,072
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Paper, Lumber & Forest Products
• EPS (TTM): N/A
• Shares Outstanding: 55,000,000
• 10 Day Avg. Volume: N/A
• 30 Day Avg. Volume: N/A
• PEG Ratio: 0.29
• Price to Book (P/B): 3.07
• Price to Sales (P/S): 76.11
• P/FCF Ratio: -11.57
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 37 Underperform
• Price Target: ―

The overall stock score is heavily influenced by the company's financial performance, which is currently poor due to significant challenges in profitability, high leverage, and negative cash flows. These factors indicate financial instability and liquidity concerns, necessitating urgent improvements for better financial health.

Positive Factors

Revenue Growth

The 17.23% revenue growth indicates strong demand for Ballarpur's products, suggesting a robust market position and potential for future expansion.

High Gross Profit Margin

A high gross profit margin of 70.22% reflects efficient production processes and pricing power, supporting long-term profitability.

Governance Strengthening

The appointment of an independent director suggests a focus on strengthening governance, which can enhance strategic decision-making and stakeholder trust.

Negative Factors

High Leverage

High leverage with a debt-to-equity ratio of 1.49 increases financial risk, potentially limiting flexibility in adverse market conditions.

Negative Cash Flows

Negative cash flows indicate liquidity challenges, which could hinder the company's ability to invest in growth and meet financial obligations.

Profitability Challenges

Ongoing profitability issues, with negative net profit margins, highlight operational inefficiencies that could affect long-term sustainability.

Ballarpur Industries Limited Business Overview & Revenue Model

Company Description

Ballarpur Industries Limited (BALLARPUR) is a leading manufacturer of paper and paper products in India. The company operates primarily in the paper and pulp sector, producing a wide range of products including writing and printing paper, copier paper, specialty paper, and newsprint. With a commitment to sustainability and innovation, BALLARPUR focuses on utilizing eco-friendly practices in its production processes and has established itself as a significant player in the Indian and international paper markets.

How the Company Makes Money

Ballarpur Industries Limited generates revenue primarily through the sale of its paper products, which are marketed to various segments including educational institutions, businesses, and government agencies. The company's revenue model is highly dependent on the demand for writing and printing papers, which can be influenced by market trends and the overall economic environment. Key revenue streams include direct sales to wholesalers and retailers, as well as contracts with large corporate clients. Additionally, BALLARPUR's strategic partnerships with suppliers and distributors enhance its market reach. The company also benefits from operational efficiencies and cost management strategies that help maintain profitability despite fluctuating raw material prices.

Ballarpur Industries Limited Financial Statement Overview

Summary

Ballarpur Industries faces considerable financial challenges across all major financial statements. Declining profit margins, high leverage, and negative cash flows indicate operational inefficiencies and financial instability. These factors raise concerns about the company's ability to sustain operations without significant restructuring or external support.

Income Statement

Ballarpur Industries has faced significant challenges in terms of profitability and revenue growth. The company reported negative net income and EBIT margins, indicating struggles with cost management and operational efficiency. Additionally, revenue growth has been inconsistent, with significant fluctuations over the years, further highlighting volatility in the income statement.

Balance Sheet

The balance sheet reflects a high level of financial leverage, with a substantial debt-to-equity ratio, indicating potential risk. Although the company's equity position has improved in recent years, the liabilities remain high compared to assets, raising concerns about long-term solvency and financial stability.

Cash Flow

Cash flow analysis shows persistent negative free cash flow, raising concerns about the company's ability to generate cash from operations. The operating cash flow to net income ratio demonstrates operational inefficiencies, as cash flow from operations consistently falls short of covering net losses. This pattern underscores significant cash flow challenges.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	158.76M	186.11M	91.80M	0.00	3.80M	20.55B
Gross Profit	102.56M	130.68M	108.90M	0.00	-3.54B	5.03B
EBITDA	38.32M	-135.05M	-2.06B	49.69B	10.69B	318.90M
Net Income	-364.64M	-667.57M	-2.53B	44.53B	-1.03B	-11.05B
Balance Sheet
Total Assets	0.00	12.52B	11.98B	71.57B	79.29B	67.69B
Cash, Cash Equivalents and Short-Term Investments	655.80M	438.58M	686.30M	24.20M	24.50M	26.40M
Total Debt	0.00	6.88B	6.23B	18.54B	39.43B	39.20B
Total Liabilities	-5.00B	7.90B	6.77B	49.22B	101.21B	92.16B
Stockholders Equity	5.00B	4.62B	5.20B	8.33B	-36.56B	-34.16B
Cash Flow
Free Cash Flow	0.00	-1.22B	-704.70M	42.13B	730.50M	-11.56B
Operating Cash Flow	0.00	-345.34M	-704.10M	42.13B	730.50M	-11.21B
Investing Cash Flow	0.00	-731.21M	-42.50M	200.00K	-1.93B	46.66B
Financing Cash Flow	0.00	838.46M	773.40M	-42.13B	1.02B	-37.75B

Ballarpur Industries Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
STARPAPER	74 Outperform	₹2.53B	6.55	―	2.15%	-5.21%	-32.96%
RUCHIRA	68 Neutral	₹3.62B	5.37	―	4.14%	2.56%	36.81%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
EMAMIPAP	57 Neutral	₹5.26B	28.42	―	1.84%	-6.94%	-78.40%
GENUSPAPER	50 Neutral	₹3.39B	47.84	―	―	23.58%	154.81%
ORIENTPPR	43 Neutral	₹4.91B	-19.50	―	1.08%	-0.52%	29.48%
BALLARPUR	37 Underperform	₹1.15B	―	―	―	―	―

Ballarpur Industries Limited Corporate Events

Ballarpur Industries Announces New Independent Director and Financial Results

Ballarpur Industries Limited has announced the appointment of Ms. Shweta Jain as an Independent Director, effective November 11, 2025. The company’s Board of Directors also approved various financial results for different periods, including unaudited standalone and consolidated financial results, as well as audited consolidated financial statements for the year ended March 31, 2025. The audit report on the financial statements included a modified opinion. Additionally, Viral Sanghavi & Associates have been appointed as Secretarial Auditors for the financial year 2024-25.

Ballarpur Industries Announces Key Board Decisions and Appointments

Ballarpur Industries Limited has announced several key decisions following a board meeting on November 11, 2025. The company approved various financial results, including unaudited standalone and consolidated financial results for different quarters and the audited consolidated financial statement for the year ended March 31, 2025, which received a modified opinion from the auditors. Additionally, the board appointed Ms. Shweta Jain as an additional non-executive independent director and Viral Sanghavi & Associates as the secretarial auditor for the financial year 2024-25.

Ballarpur Industries Approves Financial Results and Appointments

Ballarpur Industries Limited announced the approval of various financial results and appointments during its Board of Directors meeting on November 11, 2025. The company approved unaudited standalone and consolidated financial results for various periods ending in 2024 and 2025, and the audited consolidated financial statement for the year ended March 31, 2025. Additionally, Ms. Shweta Jain was appointed as an Additional Director, and Viral Sanghavi & Associates were appointed as Secretarial Auditors for the financial year 2024-25. The financial statements included audit reports with modified opinions, indicating areas of concern or adjustment.

Ballarpur Industries Limited Announces Financial Results and Strategic Appointments

Ballarpur Industries Limited announced the approval of its unaudited financial results for various periods ending in 2024 and 2025, highlighting the company’s ongoing financial assessments and strategic decisions. The Board of Directors also approved the appointment of Ms. Shweta Jain as an Additional Director and the appointment of Viral Sanghavi & Associates as Secretarial Auditors, indicating a focus on strengthening governance and compliance frameworks. The financial results included modified opinions from auditors, suggesting areas for improvement in financial reporting.

Ballarpur Industries Approves Financial Results and Announces Key Appointments

Ballarpur Industries Limited has announced the approval of various financial results and appointments during its Board of Directors meeting held on November 11, 2025. The company approved unaudited standalone and consolidated financial results for multiple periods ending in 2024 and 2025, as well as the audited consolidated financial statement for the year ending March 31, 2025, which included a modified opinion from the auditors. Additionally, the company appointed Ms. Shweta Jain as an Independent Director and Viral Sanghavi & Associates as Secretarial Auditors for the financial year 2024-25.

Ballarpur Industries Reports Financial Results and Strengthens Governance

Ballarpur Industries Limited announced the approval of its financial results for various periods ending in 2024 and 2025, including unaudited standalone and consolidated results, as well as audited consolidated statements. The company also appointed Ms. Shweta Jain as an additional non-executive independent director and engaged Viral Sanghavi & Associates as secretarial auditors. These developments indicate a strategic move to strengthen governance and transparency, potentially impacting stakeholders positively.

Ballarpur Industries Faces Delay in Financial Results Amid Insolvency Resolution

Ballarpur Industries Limited has announced a delay in declaring its consolidated financial results for the quarter ended June 30, 2025, due to the unavailability of financial data from certain subsidiaries. The company has been navigating a corporate insolvency resolution process, which has impacted its ability to finalize these results. The new management has been working to prepare and audit financial statements up to FY 2024, but challenges remain due to incomplete data handover from the resolution professional. The company has filed an application with the National Company Law Tribunal seeking an extension for statutory filings and is hopeful for relief.

Ballarpur Industries Announces 76th AGM via Video Conference

Ballarpur Industries Limited has announced the scheduling of its 76th Annual General Meeting (AGM) for November 3, 2025, which will be conducted via video conferencing. The AGM notice and the company’s annual report for the financial year 2020-21 are available on their website, reflecting the company’s ongoing commitment to transparency and stakeholder engagement.

Ballarpur Industries Schedules 78th AGM for November 2025

Ballarpur Industries Limited has announced the scheduling of its 78th Annual General Meeting (AGM) for November 3, 2025, at 4:00 PM IST, which will be conducted via video conferencing. The AGM notice and the company’s Annual Report for the financial year 2022-23 are available on their website, indicating a commitment to transparency and stakeholder engagement.

Ballarpur Industries to Hold 76th AGM via Video Conferencing

Ballarpur Industries Limited has announced the conduct of its 76th Annual General Meeting (AGM) on November 3, 2025, via video conferencing, to adopt and approve financial statements for the financial year 2020-21. This meeting aims to update statutory filings and compliance, following a delay not attributed to the current management, which has been proactive in ensuring legal compliance since taking charge in June 2023.

Ballarpur Industries Schedules 77th AGM to Update Financial Compliance

Ballarpur Industries Limited has announced the scheduling of its 77th Annual General Meeting (AGM) on November 3, 2025, to be conducted via video conferencing. This meeting aims to adopt and approve financial statements for the year 2021-22, ensuring compliance with statutory requirements following the implementation of an Approved Resolution Plan. The current management, in place since June 2023, has been proactive in updating the company’s statutory filings, which were delayed due to circumstances beyond their control.

Ballarpur Industries Schedules 78th AGM to Address Financial Compliance

Ballarpur Industries Limited has announced the scheduling of its 78th Annual General Meeting (AGM) to be held on November 3, 2025, via video conferencing. The AGM will address the adoption and approval of financial statements for the fiscal year 2022-23, which were delayed due to previous management issues. The current management, in place since June 2023, has worked diligently to update statutory filings and ensure compliance with legal requirements.