NR Agarwal Industries Ltd. (IN:NRAIL)
:NRAIL
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NR Agarwal Industries Ltd.
(NRAIL)
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Rating:67Neutral
Price Target:
₹445.00
▼(-6.93% Downside)
Action:ReiteratedDate:10/09/25
NR Agarwal Industries Ltd. benefits from strong technical momentum and operational efficiency, despite financial challenges from high capital expenditures. The stock's valuation is reasonable, but the modest dividend yield offers limited income potential. Investors should monitor liquidity management closely.
Positive Factors
Operational margins
Sustained positive EBIT and EBITDA margins indicate the core paper manufacturing operations are efficient and can absorb input cost swings. Over 2–6 months this operational resilience supports cash generation and pricing flexibility versus peers, cushioning profit impact from cyclical demand.
Negative Factors
Negative free cash flow
Persistent negative free cash flow driven by heavy capex creates liquidity pressure and heightens reliance on external funding or asset sales. If capex remains elevated, this can constrain discretionary spending, limit deleveraging and raise funding costs over several quarters, affecting strategic flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Operational margins
Sustained positive EBIT and EBITDA margins indicate the core paper manufacturing operations are efficient and can absorb input cost swings. Over 2–6 months this operational resilience supports cash generation and pricing flexibility versus peers, cushioning profit impact from cyclical demand.
Read all positive factors
NR Agarwal Industries Ltd. (NRAIL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹6.98B
Dividend Yield0.41%
Average Volume (3M)4.57K
Price to Earnings (P/E)14.3
Beta (1Y)0.88
Revenue Growth36.98%
EPS Growth-64.34%
CountryIN
Employees1,365
SectorBasic Materials
Sector Strength58
IndustryPaper, Lumber & Forest Products
Share Statistics
EPS (TTM)8.48
Shares Outstanding17,019,100
10 Day Avg. Volume9,530
30 Day Avg. Volume4,568
Financial Highlights & Ratios
PEG Ratio-0.26
Price to Book (P/B)0.51
Price to Sales (P/S)0.24
P/FCF Ratio-252.56
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
NR Agarwal Industries Ltd. Business Overview & Revenue Model
Company Description
N R Agarwal Industries Limited develops, manufactures, and sells recycled and finished paper products in India. The company offers duplex boards, such as coated paper board grey back and white back for offset printing, embossing, and foil stamping...
How the Company Makes Money
NRAIL primarily makes money by manufacturing and selling recycled paper-based packaging raw materials (e.g., duplex board and other packaging/industrial paper grades) to downstream converters and packaging users. Revenue is recognized from the sal...
NR Agarwal Industries Ltd. Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
72
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 18.60B | 16.59B | 12.93B | 17.45B | 16.01B | 11.30B |
| Gross Profit | 4.20B | 2.02B | 3.72B | 5.94B | 1.74B | 1.56B |
| EBITDA | 1.47B | 1.42B | 1.83B | 1.94B | 1.49B | 1.37B |
| Net Income | 209.82M | 176.51M | 1.25B | 993.03M | 610.22M | 572.29M |
Balance Sheet | ||||||
| Total Assets | 18.68B | 17.70B | 15.67B | 10.45B | 10.01B | 9.33B |
| Cash, Cash Equivalents and Short-Term Investments | 505.13M | 744.25M | 1.73M | 80.28M | 574.00K | 2.06M |
| Total Debt | 7.28B | 6.44B | 5.79B | 1.64B | 1.75B | 1.95B |
| Total Liabilities | 10.82B | 9.95B | 8.06B | 4.09B | 4.65B | 4.57B |
| Stockholders Equity | 7.86B | 7.75B | 7.60B | 6.36B | 5.36B | 4.76B |
Cash Flow | ||||||
| Free Cash Flow | -834.15M | -15.50M | -3.99B | -652.32M | 535.85M | 656.25M |
| Operating Cash Flow | -290.65M | 1.18B | 1.35B | 1.29B | 956.26M | 1.16B |
| Investing Cash Flow | -181.46M | -1.76B | -5.48B | -963.97M | -409.90M | -477.97M |
| Financing Cash Flow | 489.22M | 586.06M | 4.05B | -246.35M | -547.85M | -667.62M |
NR Agarwal Industries Ltd. Technical Analysis
Negative
478.15
Price Trends
434.62
Negative
453.39
Negative
420.92
Negative
Market Momentum
-8.31
Negative
45.61
Neutral
59.50
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:NRAIL, the sentiment is Negative. The current price of 478.15 is above the 20-day moving average (MA) of 419.14, above the 50-day MA of 434.62, and above the 200-day MA of 420.92, indicating a bearish trend. The MACD of -8.31 indicates Negative momentum. The RSI at 45.61 is Neutral, neither overbought nor oversold. The STOCH value of 59.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:NRAIL.
NR Agarwal Industries Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹3.06B | 44.75 | ― | 4.14% | 2.56% | 36.81% | |
74 Outperform | ₹2.00B | 7.89 | ― | 2.15% | -5.21% | -32.96% | |
67 Neutral | ₹6.98B | 14.28 | ― | 0.41% | 36.98% | -64.34% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | ₹4.03B | 10.12 | ― | 0.46% | 22.68% | ― | |
59 Neutral | ₹3.89B | 7.78 | ― | 1.84% | -6.94% | -78.40% | |
45 Neutral | ₹3.44B | -5.66 | ― | 1.08% | -0.52% | 29.48% |
* Basic Materials Sector Average
IN:NRAIL
NR Agarwal Industries Ltd.
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79.04%
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NR Agarwal Industries Ltd. Corporate Events
N R Agarwal wins green nod to raise duplex board capacity at Vapi plant
Feb 26, 2026
N R Agarwal Industries has secured an amendment to its Consolidated Consent Authorization from the Gujarat Pollution Control Board, allowing it to increase duplex paper board production capacity at its Unit I in Vapi from 8,000 metric tonnes per ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.