Best Paper Stocks in India October 2024 – Based on 5Y CAGR

The Indian paper industry is a crucial part of the country’s manufacturing sector. It not only caters to domestic demand but also significantly contributes to exports, offering a wide array of products such as writing paper, newsprint, and speciality papers. India is home to 861 paper mills, of which 526 are operational, highlighting the country’s substantial capacity for producing paper and paperboard. In this article, check the best paper stocks in India in October 2024 based on 5yr CAGR.

Best Paper Stocks in October 2024 Based on 5Y CAGR

Note: The paper stocks list mentioned above is selected from the Paper Products Sector with a market capitalisation of over ₹1,500 crore and sorted based on 5yr CAGR. 

Overview of the Best Paper Stocks in October 2024 

• JK Paper Ltd

JK Paper is a popular player in coated papers, office papers and packaging boards. In FY 2024, the company’s total income was ₹6,886.43 crore, compared to ₹6,609.46 crore in FY 2023. The profit for the year ended March 31, 2024, was ₹1,133.20 crore, compared to ₹1,208.22 crore in FY 2023.

Key metrics:

• ROCE: 19.52%
• ROE: 23.67%

• Century Textiles and Industries Ltd

Century Textiles and Industries Ltd has evolved into a commercial powerhouse with a diverse portfolio of interests. As a part of the Aditya Birla Group, this business entity is a pioneer in cotton textiles and also boasts a strong presence in the Pulp and Paper and Real Estate sectors. In FY 2024, the company’s total income was ₹4,570.01 crore, compared to ₹3,856.40 crore in FY 2023. The profit for the year ended March 31, 2024, was ₹60.38 crore, compared to ₹264.55 crore in FY 2023.

Key metrics:

• ROCE: 3.44%
• ROE: 1.24%

• West Coast Paper Mills Ltd

West Coast Paper Mills Ltd is one of the oldest producers of paper for printing, writing, and packaging in India. In FY 2024, the company’s total income was ₹4,61,802.14 lakh, compared to ₹4,99,832.92 lakh in FY 2023. The profit (from continuing operations) for the year ended March 31, 2024, was ₹78,608.52 lakh, which dropped from ₹1,08,701.21 lakh in FY 2023.

Key metrics:

• ROCE: 25.30%
• ROE: 20.13%

• Seshasayee Paper and Boards Ltd

Seshasayee Paper and Boards is involved in the business of manufacturing and selling printing and writing paper. In FY 2024, the company’s total income was ₹1,853 crore, which dropped from ₹2,113 crore in FY 2023. The profit for the year ended March 31, 2024, was ₹259 crore, which dropped from ₹387 crore in FY 2023.

Key metrics:

• ROCE: 17.28%
• ROE: 15.27%

• Andhra Paper Ltd

Andhra Paper is involved in the business of manufacturing and sale of paper, pulp and paper and paper board. In FY 2024, the company’s total income was ₹1,89,552.93 lakh, which dropped from ₹2,14,967.17 lakh in FY 2023. The profit for the year ended March 31, 2024, was ₹ 33,973.92 lakh, which dropped from ₹52,246.26 lakh in FY 2023.

Key metrics:

• ROCE: 22.64%
• ROE: 19.55%

Conclusion

Apart from these, there are several paper sector stocks in India. Before investing in any company, understand the company’s business, financial performance and future prospects. 

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.