Top Paper Stocks in India
The paper industry in India is worth about ₹80,000 cr and produces over 25 mn tonnes of paper every year in 2024–25. The sector has seen steady growth in the first half of the financial year. By 2029–30, its contribution to the GDP is expected to touch ₹1.32 lakh cr. This article explains key details about paper stocks in India, including their advantages and risks.
Best Paper Stocks in India for 2025
Monday, 15 December, 2025
| symbol | Company | ticker | slug | Sector | Market Price | 52W High | 52W Low | Market Cap (Cr.) | PE Ratio | Industry PE | PB Ratio | Div. Yield (%) | ROE (%) | 1YReturns | 3YReturns | 5YReturns | Market Cap Label | Industry Group | Industry | Sub Industry | percentageChange |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| AGIO | Agio Paper & Industries Ltd | AGIOPAPER | /stocks/agio-paper-and-industries-AGIO | Paper Products | 5.35 | 8.20 | 3.90 | 8.63 | -5.46 | 28.31 | 0.70 | 0.00 | -12.46 | -24.65 | 27.68 | 424.51 | Smallcap | Materials | Paper & Forest Products | Paper Products | 0.00 |
| ANDA | Andhra Paper Ltd | ANDHRAPAP | /stocks/andhra-paper-ANDA | Paper Products | 67.30 | 107.99 | 64.67 | 1,338.26 | 15.05 | 28.31 | 0.69 | 1.49 | 4.64 | -33.03 | -24.06 | 58.06 | Smallcap | Materials | Paper & Forest Products | Paper Products | 0.00 |
| ASHU | Tridev Infraestates Ltd | ASHUTPM | /stocks/tridev-infraestates-ASHU | Paper Products | 8.30 | 11.01 | 4.40 | 5.42 | 195,134,919,016,064,416.00 | 28.31 | 0.00 | 0.00 | 0.00 | -5.57 | 403.03 | 843.18 | Smallcap | Financial Services | Paper & Forest Products | Asset Management & Custody Banks | 0.00 |
| ASIN | Asian Petro Products and Exporters Ltd | ASINPET | /stocks/asian-petroproducts-and-exports-ASIN | Paper Products | 8.95 | 17.83 | 7.00 | 21.86 | -18.52 | 28.31 | 1.86 | 0.00 | -26.79 | -48.53 | -34.53 | 358.97 | Smallcap | null | Paper & Forest Products | null | -0.56 |
| ASTO | Astron Paper & Board Mill Ltd | ASTRON | /stocks/astron-paper-and-board-mill-ASTO | Paper Products | 6.21 | 24.00 | 5.86 | 28.88 | -0.51 | 28.31 | 0.32 | 0.00 | -47.38 | -68.54 | -81.76 | -88.58 | Smallcap | Materials | Paper & Forest Products | Paper Products | 0.00 |
| ATE | Aten Papers & Foam Ltd | ATENPAPERS | /stocks/aten-papers-and-foam-ATE | Paper Products | 25.50 | 90.00 | 21.60 | 27.09 | 3.87 | 28.31 | 1.93 | 0.00 | 66.45 | -70.18 | -70.18 | -70.18 | Smallcap | Capital Goods | Paper & Forest Products | Trading Companies & Distributors | -0.78 |
| BALK | Balkrishna Paper Mills Ltd | BALKRISHNA | /stocks/balkrishna-paper-mills-BALK | Paper Products | 20.37 | 27.19 | 16.20 | 65.63 | 8.02 | 28.31 | -1.11 | 0.00 | 0.00 | -21.38 | 2.31 | 63.22 | Smallcap | Materials | Paper & Forest Products | Paper & Plastic Packaging Products & Materials | 0.00 |
| BAP | B & A Packaging India Ltd | BAPACK | /stocks/b-and-a-packaging-india-BAP | Paper Products | 208.10 | 400.00 | 205.20 | 103.28 | 10.50 | 28.31 | 1.25 | 0.48 | 12.57 | -34.33 | -1.02 | 583.42 | Smallcap | null | Paper & Forest Products | null | 0.05 |
| CHAD | Chadha Papers Ltd | CHADPAP | /stocks/chadha-papers-CHAD | Paper Products | 8.75 | 0.00 | 0.00 | 8.93 | 2.71 | 28.31 | 0.10 | 0.00 | 44.78 | 0.00 | 0.00 | 0.00 | Smallcap | null | Paper & Forest Products | null | 0.00 |
| CORN | Coral Newsprints Ltd | CORNE | /stocks/coral-newsprints-CORN | Paper Products | 12.01 | 15.75 | 7.90 | 6.07 | -6.98 | 28.31 | -0.67 | 0.00 | 0.00 | -19.93 | 18.09 | 94.34 | Smallcap | null | Paper & Forest Products | null | 0.00 |
| DAN | Danube Industries Ltd | DANUBE | /stocks/danube-industries-DAN | Paper Products | 7.48 | 7.95 | 3.00 | 67.33 | 55.65 | 28.31 | 1.96 | 0.00 | 4.78 | 51.42 | -23.67 | 687.37 | Smallcap | null | Paper & Forest Products | null | -1.07 |
| DURO | Duroply Industries Ltd | DUROPLY | /stocks/duroply-industries-DURO | Paper Products | 165.15 | 269.95 | 150.50 | 179.76 | 23.16 | 28.31 | 1.35 | 0.00 | 5.97 | -34.36 | -4.54 | 267.00 | Smallcap | Materials | Paper & Forest Products | Forest Products | 0.33 |
| EMAP | Emami Paper Mills Ltd | EMAMIPAP | /stocks/emami-paper-mills-EMAP | Paper Products | 89.54 | 128.00 | 82.51 | 541.71 | 20.83 | 28.31 | 0.68 | 1.79 | 3.31 | -23.37 | -39.72 | 2.10 | Smallcap | Materials | Paper & Forest Products | Paper Products | 0.00 |
| GAN | Ganga Papers India Ltd | GANGAPA | /stocks/ganga-papers-india-GAN | Paper Products | 82.80 | 113.50 | 75.13 | 89.33 | 58.01 | 28.31 | 2.91 | 0.00 | 5.15 | -25.24 | 3.56 | 187.50 | Smallcap | null | Paper & Forest Products | null | 0.00 |
| GEL | Gautam Exim Ltd | GEL | /stocks/gautam-exim-GEL | Paper Products | 296.80 | 311.00 | 98.55 | 91.44 | 762.03 | 28.31 | 6.87 | 0.00 | 0.91 | 80.70 | 356.62 | 535.55 | Smallcap | Capital Goods | Paper & Forest Products | Trading Companies & Distributors | 0.00 |
| GEUS | Genus Paper & Boards Ltd | GENUSPAPER | /stocks/genus-paper-and-boards-GEUS | Paper Products | 13.57 | 24.64 | 13.00 | 348.92 | 119.09 | 28.31 | 0.68 | 0.00 | 0.58 | -39.45 | -15.98 | 142.32 | Smallcap | Materials | Paper & Forest Products | Paper Products | 0.00 |
| INE | Banganga Paper Industries Ltd | BANGANGA | /stocks/inertia-steel-INE | Paper Products | 55.15 | 90.27 | 38.00 | 660.51 | 349.48 | 28.31 | 42.31 | 0.00 | 23.79 | -28.72 | 591.10 | 591.10 | Smallcap | Materials | Paper & Forest Products | Paper Products | -0.02 |
| JKPA | JK Paper Ltd | JKPAPER | /stocks/jk-paper-JKPA | Paper Products | 364.65 | 482.20 | 275.75 | 6,177.26 | 15.07 | 28.31 | 1.09 | 1.37 | 7.50 | -22.03 | -13.02 | 252.66 | Smallcap | Materials | Paper & Forest Products | Paper Products | 0.00 |
| KAUN | Kuantum Papers Ltd | KUANTUM | /stocks/kuantum-papers-KAUN | Paper Products | 91.12 | 143.70 | 87.59 | 795.15 | 6.90 | 28.31 | 0.66 | 3.29 | 9.86 | -33.76 | -37.65 | 74.06 | Smallcap | Materials | Paper & Forest Products | Paper Products | 0.00 |
| KAY | Kay Power and Paper Ltd | KAYPOWR | /stocks/kay-power-and-paper-KAY | Paper Products | 12.72 | 40.99 | 11.80 | 44.58 | 39.45 | 28.31 | 0.89 | 0.00 | 0.00 | -67.58 | 63.50 | 396.88 | Smallcap | Materials | Paper & Forest Products | Paper Products | 0.31 |
| KON | Konndor Industries Ltd | KONNDOR | /stocks/konndor-industries-KON | Paper Products | 19.05 | 23.00 | 10.47 | 10.51 | 16.17 | 28.31 | 1.15 | 0.00 | 7.34 | 20.95 | 220.17 | 958.33 | Smallcap | Capital Goods | Paper & Forest Products | Trading Companies & Distributors | 0.00 |
| MALP | Malu Paper Mills Ltd | MALUPAPER | /stocks/malu-paper-mills-MALP | Paper Products | 36.46 | 50.68 | 31.21 | 62.20 | -5.13 | 28.31 | -10.87 | 0.00 | -2,246.30 | -23.24 | 11.33 | 12.18 | Smallcap | Materials | Paper & Forest Products | Paper Products | 0.00 |
| MGNM | Magnum Ventures Ltd | MAGNUM | /stocks/magnum-ventures-MGNM | Paper Products | 22.68 | 42.90 | 19.75 | 155.16 | 16.33 | 28.31 | 0.22 | 0.00 | 1.37 | -45.53 | 18.93 | 366.67 | Smallcap | Materials | Paper & Forest Products | Paper Products | 0.00 |
| MOHI | Mohit Paper Mills Ltd | MOHITPPR | /stocks/mohit-paper-mills-MOHI | Paper Products | 30.52 | 46.00 | 25.35 | 42.90 | 6.58 | 28.31 | 0.84 | 0.00 | 13.65 | -22.48 | 52.60 | 369.54 | Smallcap | Materials | Paper & Forest Products | Paper Products | 0.39 |
| NATH | Nath Industries Ltd | NATHIND | /stocks/nath-industries-NATH | Paper Products | 62.87 | 96.60 | 61.00 | 119.47 | 12.28 | 28.31 | 0.47 | 0.00 | 3.90 | -10.65 | -3.72 | -10.38 | Smallcap | Materials | Paper & Forest Products | Paper Products | 0.02 |
Disclaimer: Please note that the above list is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing.
Note: The data on this list of paper stocks is dynamic in nature and subject to real-time changes. This data is derived from Tickertape Stock Screener.
What are Paper Stocks?
Paper stocks are shares of companies that operate in India’s paper industry. These companies produce, manufacture, and distribute a wide range of paper-based products, including printing paper, packaging materials, and writing paper.
Latest Updates in the Paper Sector
- Operational Disruptions: Around 550 of India’s 850 to 900 paper mills are running. Many have shut down because of raw material shortages, growing import pressure, and weak economic conditions.
- Import Surge: Paper and paperboard imports touched 2.05 mn tonnes in FY25, the highest so far. Imports have doubled in the last four years. Shipments from China rose by 33% and now make up 27% of India’s total paper imports.
About the Top Paper Manufacturing Companies
- JK Paper Ltd: JK Paper Ltd is one of India’s leading paper manufacturers, producing office paper, packaging board, and coated paper with a strong focus on sustainability and capacity expansion.
- West Coast Paper Mills Ltd: West Coast Paper Mills Ltd manufactures high-quality printing, writing, and packaging papers, serving domestic and export markets with eco-friendly production and efficient pulp technology.
- Seshasayee Paper and Boards Ltd: Seshasayee Paper and Boards Ltd produces writing, printing, and speciality papers using sustainable manufacturing practices and energy-efficient operations across its facilities in Tamil Nadu.
- Andhra Paper Ltd: Andhra Paper Ltd manufactures writing and printing paper, catering to government, educational, and commercial segments, with a focus on renewable energy and responsible sourcing.
- Pudumjee Paper Products Ltd: Pudumjee Paper Products Ltd specialises in soft tissue, hygiene, and speciality papers, integrating innovation and eco-conscious processes to serve diverse packaging and consumer paper markets.
How to Invest in Paper Stocks?
Here is how one can invest in the top paper stocks for beginners or seasoned investors in India:
- Open a demat/trading/stockbroker account. You can open a demat account with smallcase!
- Conduct thorough research into paper industry stocks India that are of interest to you. Investors can use tools like the Tickertape Stock Screener to do this. The screener offers 200+ built-in filters to choose from, and investors can choose the parameters to research and conduct paper stocks analysis.
- Place a ‘Buy’ Order on the paper stocks of your choosing.
Features of Paper Sector Stocks in India
- Large Industry Size: The Indian paper industry is one of the largest in the country. It is valued at about ₹80,000 cr and produces over 25 mn tonnes of paper every year.
- Diverse Product Portfolio: Paper companies in India manufacture many products, including printing and writing paper, packaging materials, tissue paper, newsprint, and speciality papers. Several paper sector stocks in India also offer high dividend yields and lead these diverse segments.
- Domestic Market Driven: Most paper companies in India serve the domestic market. Only around 7-8% of the total production is exported.
- Employment Generation: Paper industries in India employ about 0.5 mn people directly and around 1.5 mn people indirectly, contributing to large-scale job creation.
- Sustainability Focus: The Indian Pulp and Paper Technical Association (IPPTA) has encouraged paper-making companies to follow sustainable practices. These include adopting renewable energy, improving energy efficiency, and investing in research and development.
Benefits of Investing in Paper Stocks
- High Export Value: India’s exports of paper and paperboard products stand at about $3.04 bn, showing why paper sector stocks in India perform well in global markets.
- Paper Industry Growth: The strong export growth directly supports the country’s economic expansion.
- Sector Trends: Most new projects in the paper industry focus on the packaging grade segment, utilising recycled fibre, which adds value to paper mill company shares.
- Contribution of Non-Wood Sectors: Non-wood sectors produce 70% of the total paper and board output, making them essential for major paper mills in India.
Risks Associated with Investing in Paper Stocks
- Paper Industry Outlook: A strong paper industry outlook can lead to higher demand for paper products, benefiting the best paper stocks in India.
- Company Fundamentals: Companies in the paper stocks list with strong financials and earnings growth are better investment options.
- Valuation: You can ensure that paper stocks with strong ROCE in India are trading at attractive valuations relative to other investments.
- Risk Factors: The Indian paper industry is cyclical, and its performance can fluctuate in line with the overall economy. Companies face competition from alternative materials and risks associated with technological advancements.
Factors to Consider Before Investing in Paper Stocks
- Cost: Managing manufacturing costs remains a major challenge for paper manufacturers in India. Many companies try to balance cost, quality, efficiency, and sustainability while staying competitive in the market.
- Raw Materials: Investors should track the prices of key raw materials, such as wood pulp and energy, especially when evaluating paper companies with global export operations. Fluctuations in these inputs can directly affect profitability.
- Innovation: Companies that regularly upgrade their technology stay more competitive. Several Indian paper brands now utilise eco-friendly packaging materials that decompose naturally, reflecting their commitment to sustainable innovation.
- Supply Chain Disruptions: The Indian paper industry depends heavily on international shipping for raw materials. Any disruption, such as a shortage of shipping containers, can affect the supply chain and production schedules.
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To Wrap It Up…
The paper industry continues to play a crucial role in India’s economy, despite challenges such as raw material scarcity and higher import costs. Its progress depends on government policies, market demand, and global trade trends. Investors tracking paper stocks should understand these factors and do proper research before considering any exposure to this sector.
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Frequently Asked Questions About Paper Stocks
1. How have environmental regulations impacted the paper industry in India?
Environmental regulations that restrict the use of single-use plastics have increased demand for paper products. Businesses and consumers now prefer paper as a sustainable option, helping the paper industry grow steadily in India.
2. How significant is the demand for paper in India?
India has a strong demand for paper, especially in packaging, education, and the FMCG sectors. The shift toward eco-friendly packaging has led to a further increase in the use of paper products, driving consistent growth in the paper industry.
3. Can paper stocks be profitable for investors?
Paper stocks that show steady earnings growth carry market risks like other stocks. Investors need to understand both the growth opportunities and the challenges faced by paper manufacturing companies in India, as well as the factors that influence the paper share price.
4. Which was the first paper industry in India?
The first successful paper mill in India began operations in 1867 at Ballygunge near Kolkata. It was known as the Royal Bengal Paper Mills and marked the beginning of paper stocks and manufacturing activity in the country.
5. What impact has the COVID-19 pandemic had on the paper industry?
The pandemic disrupted production and supply chains. However, demand for paper in packaging and hygiene product segments increased during that time.
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