N R Agarwal Industries Limited

N R Agarwal Industries Limited

NRAIL.NS
N R Agarwal Industries LimitedIN flagNational Stock Exchange of India
408.30
INR
+0.50
- -
6.95BMarket Cap
N R Agarwal Industries Limited
NRAIL.NS
(National Stock Exchange of India)

Recent

price

408.30

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
274.34
289.44
301.01
317.6
425.97
518.98
611.37
695.87
767.79
819.63
662.94
940.48
1,025.07
753.85
974.68
- -
1,261.9
Revenue per Share
16.39
8.28
2.7
0.27
-19.65
10.47
29.22
53.03
55.61
68.6
33.63
35.85
58.35
73.72
10.37
- -
25.7
Basic EPS, GAAP
-43.82
-6.79
-0.82
-36.18
-0.77
2.37
34.99
32.27
14.15
79.94
38.56
31.49
-38.33
-234.57
33.16
- -
- -
Free Cash Flow per Basic Share
2.1
1.39
- -
- -
- -
- -
- -
2
0.8
4
- -
0.99
- -
- -
2
- -
- -
Dividend per Share
10
56.44
59.14
59.4
39.23
43.3
72.39
123.1
177.75
240.43
274.3
309.23
367.64
440.73
449.12
- -
10.01
Book Value per Share
55.12
61.89
64.64
64.94
44.7
49.04
78.1
128.57
183.33
245.9
272.73
308.43
367.8
441.86
450.85
- -
475.37
Tangible Book Value per Share
17
17
17
17
17
17
17
17
17
17
17
17
17
17
17
- -
17
Basic Weighted Avg Shares
4,669
4,926
5,123
5,405
7,250
8,833
10,405
11,843
13,067
13,949
11,283
16,006
17,446
12,830
16,590
21,454
21,454
Sales/Revenue/Turnover
9.36
4.94
2.66
1.94
2.11
5.3
11.01
11.07
12.11
13.25
8.83
6.86
8.59
11.78
2.74
4.93
4.93
Operating Margin (%)
85
90
95
103
177
235
245
263
275
315
330
344
358
374
656
687
687
Depreciation Expense
279
141
46
5
-334
178
497
902
946
1,167
572
610
993
1,255
177
437
437
Net Income, GAAP
22.95
19.89
12.81
35.91
- -
- -
36.37
7.04
27.58
27.46
26.27
35.5
32.79
8.84
- -
26.71
26.71
Effective Tax Rate (%)
5.97
2.86
0.9
0.08
-4.61
2.02
4.78
7.62
7.24
8.37
5.07
3.81
5.69
9.78
1.06
2.04
2.04
Profit Margin (%)
-429
-611
-481
-657
-810
-427
-23
50
223
640
103
1,353
1,895
1,320
1,259
761
761
Working Capital
1,319
1,470
1,681
2,231
2,294
2,227
1,871
1,538
1,603
1,578
706
643
1,582
4,681
5,198
6,151
6,151
LT Debt
938
1,055
1,101
1,106
762
836
1,332
2,194
3,124
4,188
4,765
5,360
6,356
7,603
7,746
8,154
8,154
Total Equity
17.43
7.36
3.75
1.84
- -
- -
16.49
25.89
20.52
21.33
11.13
10.25
13.31
12.83
- -
5.08
5.08
Return on Invested Capital (%)
26.13
10.06
1.5
2.16
- -
- -
17.65
27.06
21.3
22.59
11.74
10.88
14.23
12.55
- -
8.08
12.11
Return on Capital (%)
163.91
24.93
4.67
0.45
-39.84
25.38
50.52
54.25
36.97
32.81
13.07
12.29
17.24
18.24
2.33
11.18
256.77
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
1,930
- -
2,055
LT Borrowings
5,178
- -
5,872
LT Finance Leases
176
- -
278
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
17
- -
17
Market Capitalization
7,363
8,232
6,868

Working Capital

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
5,571
- -
5,678
Cash, Cash Equivalents & STI
902
- -
445
Accounts Receivable, Net
2,189
- -
2,465
Inventories
1,988
- -
2,537
Total Current Liabilities
4,602
- -
4,917
Payables & Accruals
- -
- -
- -
ST Debt
1,930
- -
2,055
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
27.21%
11.57%
5.27%
Free Cash Flow
142.96%
-58.84%
-451.95%
Net Income, GAAP
39.51%
31.47%
147.57%
Sales/Revenue/Turnover
11.26%
16.61%
29.32%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,687
3,417
3,356
2,371
12,830
2025
3,470
4,284
4,179
4,657
16,590
2026
4,521
5,247
5,632
6,054
21,454

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
23.83
22.22
18.47
- -
73.72
2025
2
4.9
7.48
-4.01
10.37
2026
9.72
-0.87
8.48
8.34
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
2
2026
- -
- -
- -
- -
- -
Business
N R Agarwal Industries Limited specializes in manufacturing high-quality paper products primarily from 100% recycled waste paper. The company's core product portfolio includes writing and printing papers, coated duplex boards, newsprint, and specialty paper products such as surface-sized paper with high brightness and tensile strength for high-speed multi-color printing applications. N R Agarwal operates with a significant production capacity, including a major writing and printing paper manufacturing facility in Sarigam, Gujarat, with an annual capacity of 90,000 tonnes. Founded in 1993 and headquartered in Mumbai, India, the company serves both domestic and international markets, distributing its products to over 20 countries through an extensive dealer network. In the last one to two years, N R Agarwal Industries has undertaken notable operational enhancements including the resumption of production at its Unit I plant in Vapi, Gujarat, following a fire incident in September 2025. The company has also successfully implemented upgraded technological machinery such as advanced paper machines with automatic reel wrapping and online quality control systems, enhancing product quality and production efficiency. Financially, the company has experienced fluctuations with net profits affected in recent quarters but continues to maintain strong revenue growth. The company places emphasis on environmental sustainability by relying on recycled materials, adhering strictly to pollution norms, conserving energy and water, and recycling waste, reinforcing its commitment to minimizing environmental impact. N R Agarwal Industries operates within the paper manufacturing and forest products industry, targeting sectors that require writing and printing papers, packaging materials, and specialty coated boards. Its product offerings are supplemented by a comprehensive marketing network that includes effective sales teams, distributors, and storage facilities to ensure timely delivery. The company’s strategic focus remains on innovation, cost-effectiveness, and expanding production capabilities while sustaining high environmental standards. Recent developments confirm the company’s commitment to maintaining operational resilience following incidents and continuing its growth trajectory in both domestic and international markets.