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Balkrishna Paper Mills Limited (BALKRISHNA) fair value: what the stock is really worth

As of Sep 25, 2026: fair value of Balkrishna Paper Mills Limited ₹36.71, price ₹16.00, upside +129.5%, quality 26 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? No
  3. Add to watchlist

Consumer Cyclical · IN · ISIN INE875R01011

BP Thin data Sep 27, 2026

Balkrishna Paper Mills Limited

BALKRISHNA · NSE

Cheap, value-trap riskThe stock looks deeply undervalued, but low quality raises value-trap risk.

✓Fair value ₹36.71 · Strongly undervalued (+129.5%)
!Quality 26/100
!Weak Growth (revenue 5y −58.7 %/yr)
!Loss-making · -137.7% net margin (TTM)
!Negative equity (buybacks among others) · negative free cash flow
!Trails peers (2/7)
!Narrow moat 9/100
!Evidence only low, so the estimate is less certain

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

₹56.25 ₹12.88 Fair Value ₹36.71 Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.

How to read this chart

60‑month range ₹12.88 – ₹56.25 · fair‑value band ₹27.54 – ₹45.89 · the ₹16.00 price screens below the ₹36.71 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.

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Company profile

Balkrishna Paper Mills Limited engages in the manufacture and sale of paper and paper boards primarily in India. It operates through the Paper and Paper Board, and Trading of Plastic & Packaging Materials segments. The company offers eco, chromo white back, eco-white, eco kraft back, and duplex coated boards.

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Balkrishna Paper Mills Limited engages in the manufacture and sale of paper and paper boards primarily in India. It operates through the Paper and Paper Board, and Trading of Plastic & Packaging Materials segments. The company offers eco, chromo white back, eco-white, eco kraft back, and duplex coated boards. It serves pharmaceuticals, cosmetics, health care products, readymade garments, food products, match boxes, incense sticks, and the FMCG sectors. The company was formerly known as Nirvikara Paper Mills Limited. Balkrishna Paper Mills Limited was founded in 1975 and is based in Mumbai, India.

Stock analysis

Balkrishna Paper Mills Limited (BALKRISHNA) currently trades at ₹16.00, while our model-based Fair Value estimate is ₹36.71, implying the stock looks roughly 56.4% undervalued today.

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Valuation

Bull case: the Growth Earnings group reads highest at a median of ₹32.97 per share, and 3 of the 4 models we run sit above the ₹16.00 price.

Bear case: the Earnings-Based group reads lowest at ₹21.12, and 1 of the 4 models stay below the price. Evidence for this calculation is low.

Scenario range: ₹27.54 (bear) to ₹45.89 (bull), the price of ₹16.00 sits below 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 26/100 (below-average quality), in the Consumer Cyclical sector.

Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.

Balkrishna Paper Mills Limited reported revenue of ₹23.2M in FY2025 versus ₹1.2B in FY2021, a compound −63.0%/yr. Reported net income was ₹81.9M in FY2025.

Key figures

Market cap ₹606M (≈ $6.3M) · P/S ratio 12.8 · EPS (TTM) ₹−2.14 · Net margin −138% · Return on assets (EBIT) −10.1% · Operating margin −31.2% · Revenue (TTM) ₹47.3M · Revenue growth (YoY) −46.7%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (medium confidence).

What moves the price

The share trades about 35% below its 52-week high and 24% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Consumer Cyclical peers we cover trades at −16% fair-value upside, at 129%, BALKRISHNA screens cheaper than that median.

Fair Value models

Bear ₹27.54 Fair Value ₹36.71 Bull ₹45.89
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. 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. Evidence ⓘEvidence = 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.
Highest evidence
Graham-Dodd ₹17.28 ₹21.12 ₹23.76 67
Growth-Adj P/E ₹23.08 ₹32.97 ₹42.86 67
P/E Multiple ₹32.40 ₹43.19 ₹53.99 63
All 4 models by family
Earnings-Based
Graham-Dodd ₹17.28 ₹21.12 ₹23.76 67
Multiples
P/E Multiple ₹32.40 ₹43.19 ₹53.99 63
P/S Multiple ₹0.8100 ₹1.08 ₹1.35 58
Growth Earnings
Growth-Adj P/E ₹23.08 ₹32.97 ₹42.86 67

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Quality Score breakdown

Overall quality 26/100

Of which business quality 28 · Market factors (momentum, volatility) 39

Profitability 50
Margins and returns on capital today
Quality Growth 75
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 7
Balance sheet, leverage, solvency risk
Investment 50
Disciplined investing over empire-building
Low Volatility 72
Calm price path (market factor)
Momentum 32
Price trend over the last 3–12 months (market factor)
52W Momentum 13
Distance to the 52-week high (market factor)
Net Issuance 0
Share count: buybacks or dilution?

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Revenue & earnings trend

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. 8/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−32.3%
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.
−78.6%
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.
−58.7%
Start year 2020 (pandemic). Over 10 years: −22.1% a year
Revenue growth 10 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.
−22.1%
Profit margin (trend) ⓘ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.
−10.1% (2020) → −37.7% (2025)

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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.Packaging & Containers · 267 stocks

Beats the industry median on 2/7 measures
Overall it trails its industry peers.
Valuation
Quality Score 26 · Bottom 25%
Fair Value upside +129.4% · Top 25%
Profitability
Return on equity (TTM) Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Return on assets −3.1% · Bottom 25%
Net margin (TTM) −137.7% · Bottom 25%
Operating margin (TTM) −31.2% · Bottom 25%
Growth and dividend
Revenue growth −46.7% · Bottom 25%
Balance sheet
Debt / equity Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.

Valuation Multiplesvs Packaging & Containers median · lower = cheaper

P/B Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
P/S (TTM) 0.13× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 23
FUTURE (revenue growth)0 · sector 3
PAST (return on equity)0 · sector 22
HEALTH (low debt)0 · sector 92
DIVIDEND (yield)0 · sector 47

PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Packaging & Containers stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Smurfit Westrock Plc, SW $46.41 $29.85 −36%
Packaging Corporation PKG $237.18 $130.10 −45%
International Paper Company IP $35.02 $21.53 −39%
Ball Corporation BALL $56.83 $47.81 −16%
Avery Dennison Corporation AVY $170.34 $125.35 −26%
Crown Holdings CCK $108.06 $121.85 +13%
Stora Enso Oyj STEAV €10.45 €9.66 −8%
SIG Group SIGN CHF 13.37 CHF 9.59 −28%
ShenZhen YUTO Packaging Technology Co 002831 ¥29.00 ¥31.90 +10%
Sonoco Products Company SON $50.06 $61.98 +24%

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Cite: Fair Value Calculator (2026). "Balkrishna Paper Mills Limited Fair Value". https://www.fairvalue-calculator.com/stock/BALKRISHNA

Frequently asked questions

Is Balkrishna Paper Mills Limited (BALKRISHNA) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of ₹36.71 versus a price of ₹16.00, about +129% upside (undervalued).
What is the fair value of BALKRISHNA?
Our model-based fair value for Balkrishna Paper Mills Limited is ₹36.71 (as of Sep 27, 2026), built from audited fundamentals. The current price: ₹16.00.
What is the quality score of BALKRISHNA?
Balkrishna Paper Mills Limited has a Quality Score of 26/100. 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 Balkrishna Paper Mills Limited (BALKRISHNA)?
Our model-based price target is the fair value of ₹36.71 (as of Sep 27, 2026) from 4 valuation models. Cautious scenario ₹27.54, optimistic scenario ₹45.89. It is a calculation from audited fundamentals, not an analyst target.
What is the Balkrishna Paper Mills Limited stock forecast for 2026?
Our models put fair value at ₹36.71, about +129% upside versus a price of ₹16.00 (undervalued). Cautious scenario ₹27.54, optimistic scenario ₹45.89. The calculation is refreshed regularly with new filings.
What is the revenue of Balkrishna Paper Mills Limited (BALKRISHNA)?
Balkrishna Paper Mills Limited reported trailing-twelve-month revenue of about ₹47.3M (latest available figure, as of Sep 27, 2026).
What is the intrinsic value of Balkrishna Paper Mills Limited (BALKRISHNA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Balkrishna Paper Mills Limited it is ₹36.71 per share (as of Sep 27, 2026), against a price of ₹16.00. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is Balkrishna Paper Mills Limited stock overvalued or undervalued in 2026?
As of Sep 27, 2026, BALKRISHNA trades below its calculated fair value: price ₹16.00, fair value ₹36.71, a gap of about +129% (undervalued). 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 BALKRISHNA?
No. The price is what the market pays today (₹16.00); the fair value is what the company's own numbers justify (₹36.71). For Balkrishna Paper Mills Limited the two are ₹20.71 per share apart. That gap is exactly why we show both numbers side by side.
How much is Balkrishna Paper Mills Limited worth?
The market values Balkrishna Paper Mills Limited at about ₹606M (market capitalisation, as of Sep 27, 2026). Per share that is ₹16.00; our models calculate a fair value of ₹36.71 per share.
What do the bullish and bearish scenarios say about BALKRISHNA?
Our models span a range for Balkrishna Paper Mills Limited: cautious scenario ₹27.54, base ₹36.71, optimistic ₹45.89 per share (as of Sep 27, 2026, price ₹16.00). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Balkrishna Paper Mills Limited (BALKRISHNA)?
Balance-sheet figures for Balkrishna Paper Mills Limited (as of Sep 27, 2026): negative equity, so no return on equity and no debt-to-equity ratio. They feed the Quality Score of 26/100, which measures business quality independently of the share price.
How far is BALKRISHNA from its 52-week high?
Balkrishna Paper Mills Limited trades at ₹16.00, about 35% below its 52-week high of ₹24.68 and 24% above the low of ₹12.88 (as of Sep 25, 2026). Distance from the high says nothing about value: that is what the fair value of ₹36.71 is for.
Which stocks are comparable to Balkrishna Paper Mills Limited?
From the same area (Consumer Cyclical) we also value Smurfit Westrock Plc,, Packaging Corporation, International Paper Company, Ball Corporation, 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 Balkrishna Paper Mills Limited stock attractive at the current price?
The data as of Sep 27, 2026: price ₹16.00, calculated fair value ₹36.71 (+129%), Quality Score 26/100, from 4 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 BALKRISHNA calculated?
We run Balkrishna Paper Mills Limited through 4 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹36.71, 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 13.9 % above its aggregate fair value. Balkrishna Paper Mills Limited currently trades 129 % below its own fair value, and the market average says nothing about that. 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 Balkrishna Paper Mills Limited (BALKRISHNA)?
The closing price on Sep 25, 2026 was ₹16.00. Our model-based fair value is ₹36.71, about +129% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Balkrishna Paper Mills Limited right now?
The large discount to fair value meets weak quality (26/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (₹27.54). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Key figures of Balkrishna Paper Mills Limited

How large is the market capitalisation of Balkrishna Paper Mills Limited (BALKRISHNA)?
The market capitalisation of Balkrishna Paper Mills Limited is ₹606M (≈ $6.3M). 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 Balkrishna Paper Mills Limited (BALKRISHNA)?
The price-to-sales ratio of Balkrishna Paper Mills Limited is 12.8 (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 Balkrishna Paper Mills Limited (BALKRISHNA)?
Earnings per share at Balkrishna Paper Mills Limited are ₹−2.14. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Balkrishna Paper Mills Limited (BALKRISHNA)?
The net margin of Balkrishna Paper Mills Limited is −138% (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 EBIT return on assets of Balkrishna Paper Mills Limited (BALKRISHNA)?
On an EBIT basis the return on assets of Balkrishna Paper Mills Limited is −10.1% (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 Balkrishna Paper Mills Limited (BALKRISHNA)?
The operating margin of Balkrishna Paper Mills Limited is −31.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Balkrishna Paper Mills Limited (BALKRISHNA)?
Revenue at Balkrishna Paper Mills Limited is growing −46.7% versus a year earlier (3y avg −78.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Balkrishna Paper Mills Limited (BALKRISHNA) generate?
The free cash flow of Balkrishna Paper Mills Limited is −₹41.4M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Balkrishna Paper Mills Limited (BALKRISHNA) carry?
The net debt of Balkrishna Paper Mills Limited is ₹1.6B (fiscal year 2025). 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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