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: 46 Neutral
• Price Target: ―

The score is primarily constrained by stressed financial fundamentals—large ongoing losses, high leverage, negative returns, and persistent negative operating/free cash flow—despite a revenue rebound and some improvement versus the prior year. Technical and valuation inputs were not available, so they contribute neutrally.

Positive Factors

Revenue Rebound

The revenue rebound indicates potential market recovery and demand for the company's products, which could support future growth if sustained.

Governance Strengthening

Strengthening governance with new independent directors can enhance strategic oversight and improve stakeholder confidence.

Positive Gross Profit

Positive gross profit suggests some operational efficiency, providing a foundation to improve overall profitability if cost controls are enhanced.

Negative Factors

High Leverage

Elevated leverage reduces financial flexibility, increasing risk and limiting the company's ability to invest in growth opportunities.

Persistent Cash Burn

Ongoing cash burn indicates reliance on external financing, which can be unsustainable and risky if market conditions worsen.

Structural Unprofitability

Continued structural unprofitability suggests ongoing challenges in cost management and pricing strategy, impacting long-term viability.

Ballarpur Industries Limited Business Overview & Revenue Model

Company Description

Ballarpur Industries Limited, together with its subsidiaries, manufactures, sells, and exports writing and printing paper, and pulp products in India and internationally. It provides writing and printing papers comprising coated and uncoated wood-free papers, copier papers, and creamwove papers; tissue papers; rayon grade pulp; and specialty papers, such as water marked bond, ledger, cartridge, envelope, super printing, and matrix multipurpose papers, as well as food packaging products. The company offers uncoated wood-free products under the Magna and Wisdom Print brands, offset printing paper under the Sunshine Super Printing Paper brand, and commercial printing under the T.A.NSD brand; and copier paper products under the Copy Power, Image Copier, Ten on Ten, and BILT Matrix brands. Ballarpur Industries Limited was incorporated in 1945 and is headquartered in Gurugram, India.

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	₹2.54B	6.59	―	2.15%	-5.21%	-32.96%
RUCHIRA	68 Neutral	₹3.57B	5.29	―	4.14%	2.56%	36.81%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
EMAMIPAP	57 Neutral	₹5.06B	27.35	―	1.84%	-6.94%	-78.40%
GENUSPAPER	50 Neutral	₹3.35B	47.26	―	―	23.58%	154.81%
BALLARPUR	46 Neutral	₹1.15B	―	―	―	―	―
ORIENTPPR	43 Neutral	₹4.68B	-18.58	―	1.08%	-0.52%	29.48%

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.