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NR Agarwal Industries Ltd. (IN:NRAIL)
:NRAIL
India Market
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NR Agarwal Industries Ltd. (NRAIL) AI Stock Analysis

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IN:NRAIL

NR Agarwal Industries Ltd.

(NRAIL)

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Neutral 67 (OpenAI - 4o)
Rating:67Neutral
Price Target:
₹526.00
▲(12.48% Upside)
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.

NR Agarwal Industries Ltd. (NRAIL) vs. iShares MSCI India ETF (INDA)

NR Agarwal Industries Ltd. Business Overview & Revenue Model

Company DescriptionN 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; writing and printing papers; copier paper; and newsprint products. Its products are primarily used in FMCG packaging, textbooks and notebooks, and print media applications. The company exports its products to approximately 27 countries. N R Agarwal Industries Limited was founded in 1975 and is headquartered in Mumbai, India.
How the Company Makes MoneyNR Agarwal Industries Ltd. generates revenue primarily through the production and sale of paper products. The company's revenue model is centered around its five core paper segments: newsprint, writing and printing paper, copier paper, duplex boards, and specialty papers. NRAIL operates integrated manufacturing facilities that allow it to cater to diverse client needs across sectors such as publishing, education, and packaging. The company benefits from economies of scale and an extensive distribution network, enhancing its market reach and profitability. Additionally, NRAIL's strategic partnerships and alliances with suppliers and distributors play a crucial role in sustaining its revenue growth by ensuring a steady supply of raw materials and expanding its market presence.

NR Agarwal Industries Ltd. Financial Statement Overview

Summary
NR Agarwal Industries Ltd. demonstrates operational strength with healthy EBIT and EBITDA margins despite revenue volatility and margin compression. The balance sheet is stable with manageable leverage, but cash flow challenges due to high capital expenditures require careful liquidity management.
Income Statement
65
Positive
NR Agarwal Industries Ltd. has shown a volatile revenue trend, with a significant drop in gross profit margin from the previous year, indicating increased cost pressures. The net profit margin has also decreased, reflecting challenges in maintaining profitability. However, the company has demonstrated resilience with a positive EBIT and EBITDA margin, suggesting operational efficiency amidst revenue fluctuations.
Balance Sheet
72
Positive
The company's balance sheet reflects moderate leverage, with a debt-to-equity ratio indicating balanced debt management. The return on equity is moderate, illustrating reasonable profitability relative to shareholder investments. The equity ratio remains stable, showcasing a sound financial position, though there is room for improvement in asset utilization.
Cash Flow
60
Neutral
Cash flow from operations remains robust, but the company faces challenges with negative free cash flow, largely due to high capital expenditures. The operating cash flow to net income ratio is strong, indicating efficient cash generation. However, the negative free cash flow to net income ratio highlights potential liquidity risks if capital spending is not managed prudently.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue17.64B16.59B12.93B17.45B16.01B11.30B
Gross Profit5.20B2.02B3.72B5.94B1.74B1.56B
EBITDA1.49B1.42B1.83B1.94B1.49B1.37B
Net Income307.97M176.51M1.25B993.03M610.22M572.29M
Balance Sheet
Total Assets0.0017.70B15.67B10.45B10.01B9.33B
Cash, Cash Equivalents and Short-Term Investments744.25M744.25M1.73M80.28M574.00K2.06M
Total Debt0.006.44B5.79B1.64B1.75B1.95B
Total Liabilities-7.75B9.95B8.06B4.09B4.65B4.57B
Stockholders Equity7.75B7.75B7.60B6.36B5.36B4.76B
Cash Flow
Free Cash Flow0.00-15.50M-3.99B-652.32M535.85M656.25M
Operating Cash Flow0.001.18B1.35B1.29B956.26M1.16B
Investing Cash Flow0.00-1.76B-5.48B-963.97M-409.90M-477.97M
Financing Cash Flow0.00586.06M4.05B-246.35M-547.85M-667.62M

NR Agarwal Industries Ltd. Technical Analysis

Technical Analysis Sentiment
Positive
Last Price467.65
Price Trends
50DMA
400.96
Positive
100DMA
368.06
Positive
200DMA
323.15
Positive
Market Momentum
MACD
16.27
Negative
RSI
61.97
Neutral
STOCH
53.18
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:NRAIL, the sentiment is Positive. The current price of 467.65 is above the 20-day moving average (MA) of 425.39, above the 50-day MA of 400.96, and above the 200-day MA of 323.15, indicating a bullish trend. The MACD of 16.27 indicates Negative momentum. The RSI at 61.97 is Neutral, neither overbought nor oversold. The STOCH value of 53.18 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:NRAIL.

NR Agarwal Industries Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
74
Outperform
₹2.59B6.472.14%-2.56%-31.16%
70
Outperform
₹5.91B14.020.45%22.68%
68
Neutral
₹3.97B5.713.76%1.65%64.71%
67
Neutral
₹7.96B25.840.43%38.76%-65.13%
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
57
Neutral
₹5.89B30.191.62%-1.78%-79.35%
50
Neutral
₹5.37B0.99%8.33%55.98%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
IN:NRAIL
NR Agarwal Industries Ltd.
467.65
124.18
36.15%
IN:EMAMIPAP
Emami Paper Mills Limited
97.42
-11.91
-10.89%
IN:ORIENTPPR
Orient Paper & Industries Ltd.
25.32
-18.39
-42.07%
IN:RAMAPHO
Rama Phosphates Limited
167.35
62.56
59.70%
IN:RUCHIRA
Ruchira Papers Limited
133.00
11.02
9.03%
IN:STARPAPER
Star Paper Mills Ltd.
165.85
-40.54
-19.64%
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.Date of analysis: Oct 09, 2025