Andhra Paper Limited is one of the largest integrated paper and pulp manufacturers in India. Established in 1964, the company produces writing, printing, and copier papers for foreign and domestic markets. Headquartered in Kolkata, India, it was incorporated on June 29, 1964, as one of the first Joint-Sector Companies in India.
The company has a rich history reflecting the evolution of India's industrial landscape. Andhra Paper Ltd (formerly known as International Paper APPM Ltd) is currently an L N Bangur Group Company. It was originally set up by a private entrepreneur, changed hands twice in the pre-independence period due to losses, and was later taken over by the Indian Government in 1953. Pursuant to an agreement between the Government of Andhra Pradesh and G D Somani, an Industrialist, the Andhra Pradesh Paper Mills, as it is known today, came into existence. In October 2019, the controlling stake in the Company was acquired from IP by West Coast Paper Mills Ltd. (WCPM).
As of recent market data, the market capitalization of Andhra Paper Ltd (ANDHRAPAP) is ₹1,530.15 crore as of 30th April 2025. The company's financial performance has shown some challenges in recent quarters.
Quarterly Performance (FY2025):
- Q3 FY2025 Performance:
- Net profit declined 85.87% to ₹11.65 crore in the quarter ended December 2024, as against ₹82.47 crore during the previous quarter ended December 2023.
- Sales declined 19.07% to ₹385.70 crore in the quarter ended December 2024, as against ₹476.58 crore during the previous quarter ended December 2023.
- Q2 FY2025 Performance:
- Sales declined 10.32% to ₹432.28 crore in the quarter ended September 2024, as against ₹482.03 crore during the previous quarter ended September 2023.
- Q1 FY2025 Performance:
- Sales declined 33.86% to ₹315.89 crore in the quarter ended June 2024, as against ₹477.59 crore during the previous quarter ended June 2023.
Annual Performance:
- Revenue: ₹1,541 crore
- Profit: ₹88.9 crore
- The TTM revenue/sales of Andhra Paper is ₹1,498 crore.
- Market Capitalization: ₹1,530.15 crore (as of 30th April 2025)
- Promoter Holding: 72.45% (as of Mar 2025)
- Latest P/E Ratio: 11.84 (as of 11-Apr-2025)
- Latest P/B Ratio: 0.72 (as of 11-Apr-2025)
- 52-week High: ₹128
- 52-week Low: ₹65.10
- Current Dividend Yield: 2.60%
Andhra Paper Ltd's manufacturing facilities comprise two mills at Rajahmundry and Kadiyam, both located in the East Godavari District, and a conversion center at SN Palem in Krishna District, all within Andhra Pradesh. The company owns two manufacturing facilities with a cumulative production capacity of 1,74,500 TPA and operates eight paper machines. It manufactures paper of M.F and M.G quality in the range of 21 to 250 GSM.
The company has invested significantly in modernizing its operations and expanding capacity. It embarked on a ₹554 crore modernization and expansion program to install a new pulping line and to upgrade paper-making machines. APPM has also set up a 34 MW Double Extraction Condensing type turbine to meet its power requirements.
Andhra Paper is engaged in the business of manufacture and sale of paper, pulp, and paper & paper board. The company offers a diverse range of products across multiple categories for business and home uses through its signature brands, including Primavera, Primavera White, Truprint Ivory, CCS, Truprint Ultra, Starwhite, Deluxe Maplitho (RS), Sapphire Star, Skytone, and Write Choice.
Key Product Categories:
- Writing & Printing Papers:
- SS Maplitho & Non-SS Maplitho: Uncoated paper used for textbooks, notebooks, and general office stationery.
- Reflection Copier: Premium-grade copier paper used for high-speed printing performance.
The company manufactures paper of various grades such as writing, printing, industrial, newsprint, and copier, producing a wide range of paper products including writing paper, printing paper, packaging paper, newsprint, and specialty paper. It is one of the largest producers of writing paper in India, and its products are exported to countries across the globe.
Andhra Paper Ltd's top 5 peers in the Industrials sector include JK Paper, West Coast Paper, Seshasayee Paper, T N Newsprint, Pudumjee Paper, and Kuantum Papers. The company holds a significant position as one of the largest integrated paper and pulp manufacturers in India.
The company maintains regular compliance with regulatory requirements. An Annual Outage in the manufacturing facility at unit Rajahmundry has been planned from July 8, 2025, to July 21, 2025 (both days inclusive). The Annual Secretarial Compliance Report for FY 2024-25 has been attached.
Andhra Paper has fixed August 5, 2024, as the record date for determining members eligible to receive a dividend for the financial year 2023-24, if approved. While the company has delivered a modest sales growth of 3.95% over the past five years, it continues to focus on operational efficiency and market expansion to improve its performance metrics and strengthen its market position.
