Top Paper Stocks in India
The paper industry in India is currently valued at around ₹80,000 cr. and produces over 25 mn tonnes of paper annually. It has experienced notable growth in the first six months of the current financial year. Looking ahead, estimates suggest that by the 2029-30 fiscal year, the industry’s contribution to the GDP will reach 1.32 lakh cr. In this blog, we have listed the top paper stocks in India, along with their benefits and risks.
Best Paper Stocks
Tuesday, 8 July, 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 | 5.80 | 8.61 | 3.90 | 9.35 | -5.92 | 27.95 | 0.72 | 0.00 | -8.33 | 23.40 | 23.40 | 181.55 | Smallcap | Materials | Paper & Forest Products | Paper Products | 0.00 |
| ANDA | Andhra Paper Ltd | ANDHRAPAP | /stocks/andhra-paper-ANDA | Paper Products | 87.26 | 123.13 | 65.10 | 1,735.17 | 19.51 | 27.95 | 0.92 | 1.15 | 19.55 | -27.69 | 33.06 | 89.24 | Smallcap | Materials | Paper & Forest Products | Paper Products | -3.84 |
| ASHU | Tridev Infraestates Ltd | ASHUTPM | /stocks/tridev-infraestates-ASHU | Paper Products | 5.85 | 12.34 | 3.81 | 3.82 | -381.74 | 27.95 | 1.17 | 0.00 | 19.46 | 53.54 | 214.52 | 1,070.00 | Smallcap | Financial Services | Paper & Forest Products | Asset Management & Custody Banks | -4.96 |
| ASIN | Asian Petro Products and Exporters Ltd | ASINPET | /stocks/asian-petroproducts-and-exports-ASIN | Paper Products | 9.08 | 22.61 | 7.70 | 22.30 | -19.06 | 27.95 | -7.56 | 0.00 | 0.00 | -1.64 | -26.13 | 385.99 | Smallcap | null | Paper & Forest Products | null | 2.31 |
| ASTO | Astron Paper & Board Mill Ltd | ASTRON | /stocks/astron-paper-and-board-mill-ASTO | Paper Products | 16.18 | 29.79 | 10.11 | 75.24 | -1.33 | 27.95 | 0.51 | 0.00 | -7.29 | -42.99 | -59.35 | -58.72 | Smallcap | Materials | Paper & Forest Products | Paper Products | -1.11 |
| ATE | Aten Papers & Foam Ltd | ATENPAPERS | /stocks/aten-papers-and-foam-ATE | Paper Products | 43.69 | 90.00 | 43.69 | 45.00 | 16.19 | 27.95 | 6.40 | 0.00 | 49.29 | -48.90 | -48.90 | -48.90 | Smallcap | Capital Goods | Paper & Forest Products | Trading Companies & Distributors | -9.98 |
| BALK | Balkrishna Paper Mills Ltd | BALKRISHNA | /stocks/balkrishna-paper-mills-BALK | Paper Products | 21.30 | 29.99 | 16.20 | 68.63 | 8.39 | 27.95 | -0.78 | 0.00 | 0.00 | -15.34 | -21.31 | 106.76 | Smallcap | Materials | Paper & Forest Products | Paper & Plastic Packaging Products & Materials | 1.55 |
| BAP | B & A Packaging India Ltd | BAPACK | /stocks/b-and-a-packaging-india-BAP | Paper Products | 241.00 | 533.40 | 225.25 | 119.55 | 12.15 | 27.95 | 1.45 | 0.42 | 12.57 | -13.29 | 15.28 | 4,026.71 | Smallcap | null | Paper & Forest Products | null | 3.51 |
| CHAD | Chadha Papers Ltd | CHADPAP | /stocks/chadha-papers-CHAD | Paper Products | 8.75 | 8.75 | 8.75 | 8.93 | 2.71 | 27.95 | 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 | 9.91 | 22.31 | 7.90 | 5.01 | -5.82 | 27.95 | -0.61 | 0.00 | 0.00 | -9.91 | -22.88 | 123.70 | Smallcap | null | Paper & Forest Products | null | 0.10 |
| DAN | Danube Industries Ltd | DANUBE | /stocks/danube-industries-DAN | Paper Products | 4.52 | 6.10 | 3.00 | 41.13 | 33.99 | 27.95 | 2.51 | 0.00 | 6.10 | -11.20 | -73.95 | 569.63 | Smallcap | null | Paper & Forest Products | null | 3.10 |
| DURO | Duroply Industries Ltd | DUROPLY | /stocks/duroply-industries-DURO | Paper Products | 241.50 | 341.05 | 150.50 | 238.19 | 30.70 | 27.95 | 1.88 | 0.00 | 0.94 | -20.56 | 105.27 | 632.93 | Smallcap | Materials | Paper & Forest Products | Forest Products | 0.62 |
| EMAP | Emami Paper Mills Ltd | EMAMIPAP | /stocks/emami-paper-mills-EMAP | Paper Products | 110.16 | 151.90 | 82.51 | 666.46 | 25.62 | 27.95 | 0.86 | 1.45 | 11.45 | -25.19 | -22.88 | 42.88 | Smallcap | Materials | Paper & Forest Products | Paper Products | -2.33 |
| GAN | Ganga Papers India Ltd | GANGAPA | /stocks/ganga-papers-india-GAN | Paper Products | 93.45 | 139.50 | 90.00 | 100.82 | 65.47 | 27.95 | 3.46 | 0.00 | 5.22 | -9.36 | 28.63 | 370.78 | Smallcap | null | Paper & Forest Products | null | 0.05 |
| GEL | Gautam Exim Ltd | GEL | /stocks/gautam-exim-GEL | Paper Products | 205.00 | 209.50 | 53.60 | 63.16 | 526.34 | 27.95 | 4.81 | 0.00 | 1.23 | 198.27 | 572.13 | 506.51 | Smallcap | Capital Goods | Paper & Forest Products | Trading Companies & Distributors | 2.93 |
| GEUS | Genus Paper & Boards Ltd | GENUSPAPER | /stocks/genus-paper-and-boards-GEUS | Paper Products | 20.21 | 30.30 | 15.41 | 519.65 | 177.36 | 27.95 | 1.06 | 0.00 | 0.71 | -5.12 | 23.99 | 257.70 | Smallcap | Materials | Paper & Forest Products | Paper Products | -1.83 |
| INE | Banganga Paper Industries Ltd | BANGANGA | /stocks/inertia-steel-INE | Paper Products | 77.80 | 90.27 | 13.87 | 931.95 | 495.72 | 27.95 | 3,328.40 | 0.00 | -10.34 | 432.88 | 874.94 | 874.94 | Smallcap | Materials | Paper & Forest Products | Paper Products | 2.19 |
| JKPA | JK Paper Ltd | JKPAPER | /stocks/jk-paper-JKPA | Paper Products | 399.30 | 599.00 | 275.75 | 6,764.24 | 16.51 | 27.95 | 1.29 | 1.25 | 23.67 | -29.94 | 31.74 | 284.50 | Smallcap | Materials | Paper & Forest Products | Paper Products | 1.31 |
| KAUN | Kuantum Papers Ltd | KUANTUM | /stocks/kuantum-papers-KAUN | Paper Products | 126.56 | 177.98 | 95.23 | 1,104.41 | 9.59 | 27.95 | 0.98 | 2.37 | 17.34 | -26.29 | 67.52 | 180.93 | Smallcap | Materials | Paper & Forest Products | Paper Products | 1.41 |
| KAY | Kay Power and Paper Ltd | KAYPOWR | /stocks/kay-power-and-paper-KAY | Paper Products | 15.66 | 50.18 | 11.80 | 34.59 | 30.61 | 27.95 | 9.97 | 0.00 | 55.25 | -68.17 | 251.91 | 1,152.80 | Smallcap | Materials | Paper & Forest Products | Paper Products | -1.98 |
| KON | Konndor Industries Ltd | KONNDOR | /stocks/konndor-industries-KON | Paper Products | 17.85 | 20.31 | 9.01 | 9.85 | 15.15 | 27.95 | 1.07 | 0.00 | 7.34 | 62.42 | 356.52 | 1,522.73 | Smallcap | Capital Goods | Paper & Forest Products | Trading Companies & Distributors | 0.00 |
| MALP | Malu Paper Mills Ltd | MALUPAPER | /stocks/malu-paper-mills-MALP | Paper Products | 43.54 | 55.90 | 31.21 | 74.28 | -6.12 | 27.95 | 10.92 | 0.00 | 13.37 | 13.86 | 41.59 | 39.78 | Smallcap | Materials | Paper & Forest Products | Paper Products | -4.27 |
| MGNM | Magnum Ventures Ltd | MAGNUM | /stocks/magnum-ventures-MGNM | Paper Products | 25.89 | 56.60 | 23.10 | 171.94 | 18.10 | 27.95 | 0.25 | 0.00 | 3.85 | -51.44 | 137.13 | 384.84 | Smallcap | Materials | Paper & Forest Products | Paper Products | -2.55 |
| MOHI | Mohit Paper Mills Ltd | MOHITPPR | /stocks/mohit-paper-mills-MOHI | Paper Products | 32.37 | 50.01 | 25.35 | 45.32 | 6.95 | 27.95 | 1.02 | 0.00 | 15.64 | -12.56 | 108.84 | 495.04 | Smallcap | Materials | Paper & Forest Products | Paper Products | 0.40 |
| NATH | Nath Industries Ltd | NATHIND | /stocks/nath-industries-NATH | Paper Products | 83.02 | 96.60 | 62.20 | 157.74 | 16.18 | 27.95 | 0.64 | 0.00 | 0.20 | 12.19 | 22.81 | 10.84 | Smallcap | Materials | Paper & Forest Products | Paper Products | 0.34 |
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 refer to stocks or shares of companies that are primarily engaged in the paper industry in India. These leading paper manufacturers India are involved in the production, manufacturing, and distribution of various paper-based products such as printing paper, packaging materials, writing instruments, and more.
Latest Updates in the Paper Sector
- Operational Disruptions: Approximately 550 out of 850–900 paper mills in India are operational, with many facing shutdowns due to raw material shortages, increased import competition, and economic pressures.
- Import Surge: Paper and paperboard imports reached a record 2.05 mn tonnes in FY25, doubling over the past four years. Imports from China have increased by 33%, now accounting for 27% of India’s total paper imports.
About the Top Paper Manufacturing Companies
- Kay Power and Paper Ltd: Kay Power and Paper Ltd operates in the paper manufacturing sector, focusing on producing a range of paper products. The company leverages sustainable practices and innovation to cater to the growing demand in the industry.
- Shreyans Industries Ltd: Shreyans Industries Ltd is engaged in the manufacturing of writing and printing paper. The company is known for its strong operational efficiency and a focus on eco-friendly production processes.
- JK Paper Ltd: JK Paper Ltd is a leading player in the paper and packaging board industry. It is recognised for its diverse product portfolio and significant market share in the Indian paper sector.
- Pudumjee Paper Products Ltd: Pudumjee Paper Products Ltd specialises in producing various types of speciality paper. The company is a key supplier for industries requiring high-quality paper products with customised specifications.
- Prabhhans Industries Ltd: Prabhhans Industries Ltd is involved in the paper and pulp sector, focusing on innovative manufacturing techniques to produce high-grade paper products.
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, one of the largest paper industries in India, is estimated to be around ₹80,000 cr. in size, with a total paper production of more than 25 million tonnes per annum.
- Diverse Product Portfolio: The industry, including paper stocks with high dividend yield, produces a wide range of products, including printing and writing paper, packaging materials, tissue paper, newsprint, and speciality papers. Top paper companies India often lead this diverse segment.
- Domestic Market Driven: The paper company in India primarily caters to the domestic market, with only around 7-8% of total production being exported.
- Employment Generation: The paper industries in India provide direct employment to about 0.5 million people and indirect employment to around 1.5 million people.
- Sustainability Focus: The industry association (IPPTA) has urged paper making companies in India to adopt sustainable growth strategies, including shifting to renewable energy sources, improving energy efficiency, and investing in R&D.
Benefits of Investing in Paper Stocks
- High Export Value: India’s exports of paper and paperboard products were valued at approximately $3.04 bn, showcasing why paper sector stocks India are rising in global markets.
- Industry Growth: The substantial growth in exports has notably contributed to the nation’s economic expansion.
- Sector Trends: A majority of new projects in the paper industries are concentrated in the Packaging Grade Sector. These projects predominantly utilise Recycled Fibre, enhancing the value of paper mill company shares.
- Contribution of Non-Wood Sectors: Non-wood sectors contribute 70% to the total paper and board production in the industry, making these sectors pivotal for top 10 paper mills in India.
Risks Associated with Investing in Paper Stocks
- Industry Outlook: A strong industry outlook can lead to higher demand for paper products, benefiting the best paper stocks India.
- Company Fundamentals: Companies in the paper stock 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 paper industry in India is cyclical, and performance can fluctuate with the overall economy. Companies face competition from other materials and risks from technological advancements.
Factors to Consider Before Investing in Paper Stocks
- Cost: Managing the cost of paper manufacturing poses a significant challenge for many paper manufacturers in India. Some struggle to strike a balance between cost, quality, efficiency, and sustainability.
- Raw Materials: It is essential to closely monitor the prices of raw materials like wood pulp and energy when evaluating investments in paper stocks with global export presence.
- Innovation: It can be helpful to ensure that the company you are considering for investment continually updates its technology to remain competitive. For instance, numerous paper brands in India are adopting new eco-friendly packaging materials that decompose naturally.
- Supply Chain Disruptions: Before purchasing paper stocks, factor in potential supply chain disruptions. The Indian paper industry heavily relies on international shipping routes for raw materials. Any disruptions can significantly impact the supply chain.
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To Wrap It Up…
Despite recent challenges, including raw material shortages and rising import costs, the paper industry, including sustainable paper stocks India, remains a significant contributor to India’s economy. The direction of its future growth will depend on factors such as government policies, market demand, and global trade dynamics. Therefore, investors interested in this sector should do their due diligence and conduct thorough research before investing.
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Frequently Asked Questions About Paper Stocks
1. How have environmental regulations impacted the paper industry in India?
Environmental regulations, particularly those targeting single-use plastics, have increased the demand for paper products, benefiting the paper industry as businesses and consumers seek sustainable alternatives.
2. How significant is the demand for paper in India?
Demand for paper in India is significant, particularly in packaging, education, and FMCG sectors. The shift towards sustainable packaging solutions has further driven demand for paper products.
3. Can paper stocks be profitable for investors?
Paper stocks with consistent earnings growth, like any other stock, entail market risks. Investors should comprehend both the growth potential and challenges confronted by the paper manufacturing company in India.
4. Which was the first paper industry in India?
The first successful paper mill in India was established in Ballygunge, near Kolkata, in 1867 and was named the Royal Bengal Paper Mills.
5. What impact has the COVID-19 pandemic had on the paper industry?
The pandemic led to disruptions in production and supply chains, although the demand for paper in certain sectors like packaging and hygiene products increased during this period.
