Star Paper Mills Ltd. (IN:STARPAPER)
:STARPAPER
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Star Paper Mills Ltd.
(STARPAPER)
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Rating:69Neutral
Price Target:
₹149.00
▼(-8.62% Downside)
Action:Downgraded
Date:05/27/26
The score is primarily supported by a very strong, low-debt balance sheet and attractive valuation (low P/E with a dividend). These positives are offset by weaker operating trends (declining revenue and sharply lower FY2026 margins) and soft technical momentum (negative MACD and price below major moving averages).
Positive Factors
Low leverage / strong balance sheet
Star Paper’s very low leverage and steadily rising equity provide durable financial flexibility. A strong balance sheet reduces interest burden, supports capex and working-capital needs, and allows the company to withstand cyclical downturns or fund strategic initiatives without stressing liquidity.
Negative Factors
Sustained revenue decline
Three straight years of top-line declines suggest structural demand softness, lost share or pricing pressure. Falling revenue erodes operating leverage, risks underutilized capacity and hinders growth investments, making it harder to restore past profitability and returns on the larger equity base.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
Star Paper’s very low leverage and steadily rising equity provide durable financial flexibility. A strong balance sheet reduces interest burden, supports capex and working-capital needs, and allows the company to withstand cyclical downturns or fund strategic initiatives without stressing liquidity.
Read all positive factors
Star Paper Mills Ltd. (STARPAPER) vs. iShares MSCI India ETF (INDA)
Market Cap
₹2.15B
Dividend Yield2.15%
Average Volume (3M)521.00
Price to Earnings (P/E)6.6
Beta (1Y)1.18
Revenue Growth-6.05%
EPS Growth-20.40%
CountryIN
Employees380
SectorBasic Materials
Sector Strength58
IndustryPaper, Lumber & Forest Products
Share Statistics
EPS (TTM)24.70
Shares Outstanding15,608,350
10 Day Avg. Volume785
30 Day Avg. Volume521
Financial Highlights & Ratios
PEG Ratio-0.28
Price to Book (P/B)0.27
Price to Sales (P/S)0.46
P/FCF Ratio9.00
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
Star Paper Mills Ltd. Business Overview & Revenue Model
Company Description
Star Paper Mills Limited manufactures and supplies paper and paper boards in India and internationally. It offers a range of industrial packaging and cultural papers. The company was incorporated in 1936 and is based in Kolkata, India....
How the Company Makes Money
Star Paper Mills Ltd. primarily makes money by manufacturing and selling paper products to customers, generating revenue from the sale of its output (e.g., printing and writing paper and related grades). Its revenue model is therefore largely volu...
Star Paper Mills Ltd. Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
88
Very Positive
Cash Flow
64
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.17B | 4.10B | 4.36B | 4.44B | 4.93B | 3.31B |
| Gross Profit | 2.09B | 878.97M | 2.17B | 2.38B | 1.07B | 515.05M |
| EBITDA | 544.61M | 184.87M | 607.97M | 871.83M | 891.78M | 500.32M |
| Net Income | 385.52M | 327.53M | 411.46M | 640.03M | 656.73M | 366.48M |
Balance Sheet | ||||||
| Total Assets | 8.46B | 8.38B | 8.23B | 7.90B | 7.28B | 6.72B |
| Cash, Cash Equivalents and Short-Term Investments | 2.53B | 2.44B | 2.19B | 1.88B | 1.68B | 987.16M |
| Total Debt | 44.90M | 43.06M | 46.68M | 50.05M | 1.36M | 6.72M |
| Total Liabilities | 1.45B | 1.29B | 1.42B | 1.42B | 1.34B | 1.37B |
| Stockholders Equity | 7.02B | 7.08B | 6.81B | 6.47B | 5.94B | 5.35B |
Cash Flow | ||||||
| Free Cash Flow | 215.16M | 209.02M | 110.57M | 146.45M | 420.19M | 163.47M |
| Operating Cash Flow | 247.10M | 295.72M | 148.39M | 258.38M | 467.66M | 186.72M |
| Investing Cash Flow | -264.66M | -367.32M | 44.83M | -94.84M | -411.24M | -134.56M |
| Financing Cash Flow | -4.03M | -61.50M | -75.39M | -89.58M | -65.03M | -48.92M |
Star Paper Mills Ltd. Technical Analysis
Negative
163.05
Price Trends
137.72
Negative
143.53
Negative
155.57
Negative
Market Momentum
-0.41
Positive
46.14
Neutral
56.19
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:STARPAPER, the sentiment is Negative. The current price of 163.05 is above the 20-day moving average (MA) of 140.61, above the 50-day MA of 137.72, and above the 200-day MA of 155.57, indicating a bearish trend. The MACD of -0.41 indicates Positive momentum. The RSI at 46.14 is Neutral, neither overbought nor oversold. The STOCH value of 56.19 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:STARPAPER.
Star Paper Mills Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹7.90B | 8.35 | ― | 0.62% | -0.15% | -2.23% | |
69 Neutral | ₹2.15B | 6.57 | ― | 2.15% | -6.05% | -20.40% | |
65 Neutral | ₹34.33B | 22.37 | ― | 1.18% | 5.67% | -51.60% | |
62 Neutral | ₹14.88B | 17.54 | ― | 1.03% | -2.50% | -24.40% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
59 Neutral | ₹4.82B | 14.41 | ― | 1.84% | -1.08% | 131.41% | |
57 Neutral | ₹64.76B | 25.25 | ― | 1.36% | 6.45% | -34.30% |
* Basic Materials Sector Average
IN:STARPAPER
Star Paper Mills Ltd.
137.45
-39.91
-22.50%
IN:EMAMIPAP
Emami Paper Mills Limited
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IN:JKPAPER
JK Paper Limited
382.30
19.36
5.33%
IN:PDMJEPAPER
Pudumjee Paper Products Ltd.
83.19
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IN:SESHAPAPER
Seshasayee Paper & Boards Ltd.
235.95
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-16.48%
IN:WSTCSTPAPR
West Coast Paper Mills Limited
519.70
36.53
7.56%
Star Paper Mills Ltd. Corporate Events
Star Paper Mills Alerts Shareholders on ‘Saksham Niveshak’ KYC and Unpaid Dividend Drive
Apr 4, 2026
Star Paper Mills Ltd. has notified stock exchanges that it has published a newspaper advertisement in Business Standard regarding the second 100-day “Saksham Niveshak” campaign, running from April 1 to July 9, 2026. The initiative, lau...
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.