Star Paper Mills Ltd
NSE: STARPAPER BSE: 516022
Star Paper Mills Ltd (STARPAPER) is a Diversified company listed on NSE: STARPAPER | BSE: 516022. With a market cap of ₹219 Cr and ROCE of 7.76%, ROE of 5.91%, it operates in the Indian Diversified sector.
₹141
52W: ₹116 — ₹190
PE 5.61 · Book ₹449 · -69% vs bookMarket Cap₹219 Cr
Stock P/E5.61Price to Earnings
ROCE7.76%Return on Capital
ROE5.91%Return on Equity
Div. Yield2.48%Face Value ₹10
Strengths
- +Company is almost debt free.
- +Stock is trading at 0.31 times its book value
Weaknesses
- −The company has delivered a poor sales growth of 5.06% over past five years.
- −Company has a low return on equity of 9.66% over last 3 years.
- −Contingent liabilities of Rs.84.6 Cr.
- −Promoters have pledged 47.2% of their holding.
- −Earnings include an other income of Rs.30.4 Cr.
- −Dividend payout has been low at 11.6% of profits over last 3 years
Shareholding Pattern
Promoters44.93%
FIIs1.68%
DIIs0.01%
Public53.39%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 44.93% | 44.93% | 44.93% | 44.93% | 44.93% | 44.93% | 44.93% | 44.93% |
| FIIs | 1.71% | 1.76%▲0.1 | 1.69%▼0.1 | 1.69% | 1.71%▲0.0 | 1.68%▼0.0 | 1.68% | 1.68% |
| DIIs | 0% | 0% | 0% | 0% | 0.01%▲0.0 | 0.01% | 0.01% | 0.01% |
| Public | 53.37% | 53.31%▼0.1 | 53.37%▲0.1 | 53.38%▲0.0 | 53.35%▼0.0 | 53.38%▲0.0 | 53.39%▲0.0 | 53.39% |
Financial Statements
| Metric | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 105.66 | 114.81 | 100.43 | 113.85 | 110.91 | 97.48 | 114.09 | 101.16 | 104.37 | 91.82 |
| Expenses | 90.39 | 101.02 | 94.98 | 104.03 | 101.88 | 89.69 | 103.88 | 94.89 | 97.23 | 91.2 |
| Operating Profit | 15.27 | 13.79 | 5.45 | 9.82 | 9.03 | 7.79 | 10.21 | 6.27 | 7.14 | 0.62 |
| OPM % | 14.45% | 12.01% | 5.43% | 8.63% | 8.14% | 7.99% | 8.95% | 6.2% | 6.84% | 0.68% |
| Net Profit | 15.19 | 14.76 | 14.31 | 13.91 | 14.52 | 7.71 | 5.01 | 12.81 | 13.02 | 8.22 |
| EPS ₹ | 9.73 | 9.46 | 9.17 | 8.91 | 9.3 | 4.94 | 3.21 | 8.21 | 8.34 | 5.27 |
AI Insights
Revenue Trend
TTM revenue at ₹411Cr, down 5.7% YoY. OPM at 6%.
Debt Position
Borrowings at ₹4Cr. Debt-to-equity ratio: 0.01x. Healthy balance sheet.
Capex Cycle
CWIP at ₹3Cr (1% of fixed assets). Moderate ongoing capital expenditure.
Institutional Flow
DIIs: 0.01% (+0.01pp change). FIIs: 1.68% (-0.21pp change). Promoters hold 44.93%.
Margin & Efficiency
ROCE improving from -28% (Mar 2014) to 8% (Mar 2025). Working capital days: 81.
Valuation
PE 5.61x with 7.76% ROCE. Price is -69% above book value of ₹449. Dividend yield: 2.48%.
Recent Announcements
- Ex-Parte Assessment Order Passed Under UPVAT For The Year 2015-16 1 May - Ex-parte UPVAT assessment order demands Rs.115.27 lakh additional tax for FY2015-16.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 30 Apr - Copy of newspaper advertisement dated 30.04.26 is attached in respect of special window for transfer of physical shares
- Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2 9 Apr - Star Paper Mills confirms it is not a large corporate; no borrowing as of 31 March 2026.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 6 Apr - Certificate under Reg 74(5) of SEBI (DP) Reg., 2018 for the quarter ended 31st March, 2026 is attached.
- Copy Of Newspaper Advertisement-2Nd 100 Days'' Campaign 4 Apr - Newspaper ad for Saksham Niveshak campaign, 1 April-9 July 2026, promoting KYC updation and unpaid dividend claims.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse