ANDHRA PAPER LIMITED (ANDHRAPAP) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of ANDHRA PAPER LIMITED stock ₹31.84, price ₹63.69, that is 50.0% below the price, quality 47 out of 100. Rating: strongly overvalued. Calculated from audited financials with 12 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range ₹37.80 – ₹124.67 · fair‑value band ₹23.88 – ₹39.78 · the ₹63.69 price screens above the ₹31.84 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 8, 2026.
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Andhra Paper Limited manufactures and sells paper, paperboard, and pulp in India and internationally. The company offers writing and printing, copier, and specialty paper products; and office documentation and multipurpose papers for use in home and commercial applications.
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Its products are used in account books, annual reports, bills, blade wrapping, book printing, brochures, calendars, cash books, challans, children books, computer forms, covers, diaries, envelopes, files/folders, foil laminates, forms, greeting cards, inkjet printing, invoices, carry bags, variable data printing, journals, labels, leaflets, lottery and laser printing, magazine covers, magazines, notebooks, novels, pamphlets, paper cups, picture posters, plotter rolls, photocopying, soap wrappers, stationery, text books, tickets, wedding cards, writing pads, pizza boxes with inner liners, and pharma inserts.
The company was formerly known as International Paper APPM Limited and changed its name to Andhra Paper Limited in January 2020. Andhra Paper Limited was incorporated in 1964 and is based in Kolkata, India. Andhra Paper Limited is a subsidiary of West Coast Paper Mills Limited.
Stock analysis
ANDHRA PAPER LIMITED (ANDHRAPAP) currently trades at ₹63.69, while our model-based Fair Value estimate is ₹31.84, 50% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of ₹52.59 per share, and 1 of the 12 models we run sit above the ₹63.69 price.
Bear case: the Dividend Discount group reads lowest at ₹9.84, and 11 of the 12 models stay below the price. Data coverage for this calculation is low.
Scenario range: ₹23.88 (bear) to ₹39.78 (bull), the price of ₹63.69 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 47/100 (below-average quality), in the Basic Materials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
ANDHRA PAPER LIMITED reported revenue of ₹17.0B in FY2026 versus ₹13.7B in FY2022, a compound +5.6%/yr. Reported net income was ₹186M in FY2026, compounding −39.6%/yr from FY2022.
Key figures
Market cap ₹12.7B (≈ $135M) Micro · P/E ratio 45.8 · P/S ratio 0.74 · EPS (TTM) ₹1.39 · Dividend yield 0.8% · Net margin 1.6% · Return on equity 1.0% · Return on assets (EBIT) 15.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 22 out of 100 (medium confidence).
What moves the price
The share trades about 14% below its 52-week high and 10% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 24% fair-value upside, at −50%, ANDHRAPAP screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (₹9.53 to ₹292.56). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear₹23.88Fair Value ₹31.84Bull₹39.78
Price ₹63.69 · Downside -50.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then (₹0.5486 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
Residual Income₹48.57₹52.59₹58.0276
Gordon GGM₹6.37₹10.14₹12.6969
DDM Multi-Stage₹6.37₹9.53₹10.9667
All 12 models by family
Earnings-Based
Graham-Dodd₹6.37₹20.80₹27.7964
Lynch FV₹9.29₹13.26₹17.2461
PEG = 1.0₹9.29₹13.26₹17.2457
Dividend Discount
Gordon GGM₹6.37₹10.14₹12.6969
DDM Multi-Stage₹6.37₹9.53₹10.9667
Multiples
P/E Multiple₹11.94₹15.92₹19.8963
P/S Multiple₹11.94₹15.92₹19.8958
P/B Multiple₹219.42₹292.56₹365.7055
EV/EBITDA₹14.64₹23.10₹31.5666
Asset-Based
NCAV (Graham)₹14.65₹22.19₹27.7454
Economic Profit
Residual Income₹48.57₹52.59₹58.0276
Growth Earnings
Growth-Adj P/E₹10.31₹14.72₹19.1467
The fair value above starts from this blend and is adjusted for a cyclical trough year.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+10.4%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−6.7%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+13.9%
Start year 2021 (pandemic). Over 10 years: +3.9% a year
Revenue growth 22 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.9%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−35.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−36.2%
Dividend (yield on the price)0.8%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−36.2% vs −5.4%, slowing
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−1% → −2%
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Paper & Paper Products · 120 stocks
Beats the industry median on 3/13 measures
Overall it trails its industry peers.
Valuation
Quality Score47 · Below median
Fair Value upside−50.0% · Bottom 25%
Profitability
Return on equity (12 months)1.0% · Below median
Return on assets0.7% · Below median
Net margin (12 months)1.6% · Below median
Operating margin (12 months)5.5% · Above median
Growth and dividend
Revenue growth (quarter YoY)0.1% · Below median
Dividend yield (12 months)0.8% · Below median
Balance sheet
Debt / equity0.08× · Below median
Valuation Multiplesvs Paper & Paper Products median · lower = cheaper
P/E (12 months)45.8× · Priciest 25%
P/B0.65× · Cheaper than median
P/S (12 months)0.74× · Pricier than median
EV/EBITDA13.2× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 27
FUTURE (revenue growth)1· sector 31
PAST (return on equity)4· sector 14
HEALTH (low debt)96· sector 91
DIVIDEND (yield)16· sector 37
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "ANDHRA PAPER LIMITED Fair Value". https://www.fairvalue-calculator.com/stock/ANDHRAPAP
Frequently asked questions
Is ANDHRA PAPER LIMITED (ANDHRAPAP) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of ₹31.84 versus a price of ₹63.69, about 50% lower (overvalued).
What is the fair value of ANDHRAPAP?
Our model-based fair value for ANDHRA PAPER LIMITED is ₹31.84 (as of Nov 8, 2026), built from audited fundamentals. The current price: ₹63.69.
What is the quality score of ANDHRAPAP?
ANDHRA PAPER LIMITED has a Quality Score of 47/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for ANDHRA PAPER LIMITED (ANDHRAPAP)?
Our model-based price target is the fair value of ₹31.84 (as of Nov 8, 2026) from 12 valuation models. Cautious scenario ₹23.88, optimistic scenario ₹39.78. It is a calculation from audited fundamentals, not an analyst target.
What is the ANDHRA PAPER LIMITED stock forecast for 2026?
Our models put fair value at ₹31.84, about 50% lower versus a price of ₹63.69 (overvalued). Cautious scenario ₹23.88, optimistic scenario ₹39.78. The calculation is refreshed regularly with new filings.
What is the revenue of ANDHRA PAPER LIMITED (ANDHRAPAP)?
ANDHRA PAPER LIMITED reported trailing-twelve-month revenue of about ₹17.0B (latest available figure, as of Nov 8, 2026).
Does ANDHRA PAPER LIMITED pay a dividend?
ANDHRA PAPER LIMITED currently shows a dividend yield of 0.79% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of ANDHRA PAPER LIMITED (ANDHRAPAP) and when is the ex-dividend date?
ANDHRA PAPER LIMITED pays a dividend of ₹0.5 per share a year, a dividend yield of 0.8%. The last ex-dividend date was Aug 4, 2026. A dividend has been paid every year since 2021. The payout ratio is 36.0% of earnings. Our assessment: Token dividend. At a yield of 0.8% the dividend is symbolic. On paper it is not fully covered by earnings or free cash flow, but at this size that hardly matters: even scrapping it entirely would cost less than 0.8% a year, and coverage ratios on amounts this small swing with ordinary working-capital movements. Judge this company on its business, not on its dividend.
What is the intrinsic value of ANDHRA PAPER LIMITED (ANDHRAPAP)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For ANDHRA PAPER LIMITED it is ₹31.84 per share (as of Nov 8, 2026), against a price of ₹63.69. It is the blended result of 12 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is ANDHRA PAPER LIMITED stock overvalued or undervalued in 2026?
As of Nov 8, 2026, ANDHRAPAP trades above its calculated fair value: price ₹63.69, fair value ₹31.84, a gap of about −50% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of ANDHRAPAP?
No. The price is what the market pays today (₹63.69); the fair value is what the company's own numbers justify (₹31.84). For ANDHRA PAPER LIMITED the two are ₹31.85 per share apart. That gap is exactly why we show both numbers side by side.
How much is ANDHRA PAPER LIMITED worth?
The market values ANDHRA PAPER LIMITED at about ₹12.7B (market capitalisation, as of Nov 8, 2026). Per share that is ₹63.69; our models calculate a fair value of ₹31.84 per share.
What do the bullish and bearish scenarios say about ANDHRAPAP?
Our models span a range for ANDHRA PAPER LIMITED: cautious scenario ₹23.88, base ₹31.84, optimistic ₹39.78 per share (as of Nov 8, 2026, price ₹63.69). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ANDHRAPAP?
ANDHRA PAPER LIMITED trades at a price-to-earnings ratio of 45.8 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹31.84 is built from several models across several years. Other multiples: P/B 0.7, P/S 0.7, EV/EBITDA 13.2.
How solid is the balance sheet of ANDHRA PAPER LIMITED (ANDHRAPAP)?
Balance-sheet figures for ANDHRA PAPER LIMITED (as of Nov 8, 2026): return on equity 1.0%, debt of 0.08 per unit of equity. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is ANDHRAPAP from its 52-week high?
ANDHRA PAPER LIMITED trades at ₹63.69, about 14% below its 52-week high of ₹74.48 and 10% above the low of ₹57.93 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of ₹31.84 is for.
Which stocks are comparable to ANDHRA PAPER LIMITED?
From the same area (Basic Materials) we also value UPM-Kymmene Oyj, Suzano S.A, Shandong Sunpaper Co, Nine Dragons Paper (Holdings) Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is ANDHRA PAPER LIMITED stock attractive at the current price?
The data as of Nov 8, 2026: price ₹63.69, calculated fair value ₹31.84 (−50%), Quality Score 47/100, from 12 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of ANDHRAPAP calculated?
We run ANDHRA PAPER LIMITED through 12 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ₹31.84 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% above its aggregate fair value. ANDHRA PAPER LIMITED itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of ANDHRA PAPER LIMITED (ANDHRAPAP)?
The closing price on Nov 9, 2026 was ₹63.69. Our model-based fair value is ₹31.84, about 50% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with ANDHRA PAPER LIMITED right now?
The price sits above even our optimistic bull case (₹39.78). The favourable scenario is already priced in. Weak quality (47/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Where does the earnings growth of ANDHRA PAPER LIMITED (ANDHRAPAP) come from?
Earnings per share at ANDHRA PAPER LIMITED grew +25.6 % a year from 2016 to 2026. Broken into its drivers: revenue per share +4.7 %, EBIT margin +17.5 %, tax rate +1.0 %, residual (interest, one-offs) +1.1 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of ANDHRA PAPER LIMITED
How large is the market capitalisation of ANDHRA PAPER LIMITED (ANDHRAPAP)?
The market capitalisation of ANDHRA PAPER LIMITED is ₹12.7B (≈ $135M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of ANDHRA PAPER LIMITED (ANDHRAPAP)?
The price-to-sales ratio of ANDHRA PAPER LIMITED is 0.74 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of ANDHRA PAPER LIMITED (ANDHRAPAP)?
Earnings per share at ANDHRA PAPER LIMITED are ₹1.39 (price ÷ EPS = P/E 45.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of ANDHRA PAPER LIMITED (ANDHRAPAP)?
The dividend yield of ANDHRA PAPER LIMITED is 0.8% (payout 36.0%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of ANDHRA PAPER LIMITED (ANDHRAPAP)?
The net margin of ANDHRA PAPER LIMITED is 1.6% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of ANDHRA PAPER LIMITED (ANDHRAPAP)?
The return on equity (ROE) of ANDHRA PAPER LIMITED is 1.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of ANDHRA PAPER LIMITED (ANDHRAPAP)?
On an EBIT basis the return on assets of ANDHRA PAPER LIMITED is 15.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of ANDHRA PAPER LIMITED (ANDHRAPAP)?
The operating margin of ANDHRA PAPER LIMITED is 5.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at ANDHRA PAPER LIMITED (ANDHRAPAP)?
Revenue at ANDHRA PAPER LIMITED is growing +0.1% versus a year earlier (3y avg −6.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at ANDHRA PAPER LIMITED (ANDHRAPAP)?
Earnings per share at ANDHRA PAPER LIMITED are growing +42.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does ANDHRA PAPER LIMITED (ANDHRAPAP) generate?
The free cash flow of ANDHRA PAPER LIMITED is −₹1.8B (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does ANDHRA PAPER LIMITED (ANDHRAPAP) carry?
The net debt of ANDHRA PAPER LIMITED is ₹2.1B (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Nov 8, 2026