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N R Agarwal Industries Limited

N R Agarwal Industries Limited

NSE: NRAIL
Paper & Paper ProductsBasic MaterialsSMALL CAPMCap ₹1.25k Cr
₹731.75₹-29.75 (-3.91%)

Market Closed • NSE

Market cap₹1.25k Cr
Enterprise value₹2.10k Cr
P/E TTM20.05
P/B1.53
EPS TTM₹36.50
D/E1.01
Dividend yield0.00%
52W high₹834.00
52W low₹385.00
Price chart(1Y)
1Y Return:+63.17% (+₹283.30)
H: ₹834L: ₹401.2
1W+3.63%
1M+16.43%
3M+69.76%
6M+52.58%
1Y+59.51%
Today at a glance

Day range

₹721.50₹787.40

52 week range

₹385.00₹834.00
Volume32.1K0.53x 20D avg
Free float50.00%-46.80% volume

N R Agarwal Industries Limited closed at INR731.75 (-3.91%) on volume 0.53x its 20-day average, trading 12.26% below its 52-week high.

Technical analysis
RSI (14)63.6Neutral (30–70)
MACDBULLISHBullish (Above signal)
ATR (14)₹51.91High
SMA 20₹675.49BULLISH
SMA 50₹597.80BULLISH
SMA 100₹525.13BULLISH
SMA 200₹487.59BULLISH
CPR bottom₹775.60
Pivot₹770.90
CPR top₹766.20
What changed recently?

2026-Q1

Q1 FY2026 Financial Results

PAT moved -1.6% QoQ

2026-08-25

DIVIDEND Announced

Dividend - Rs 2 Per Share

2025-09-17

DIVIDEND Announced

Dividend - Rs 2 Per Share

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
FAIL3/4 criteria
Non-Compliant (Financial Ratios)
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹820.5 Cr₹1.25k Cr65.89%≤ 33%FAIL
Non-halal income ratio–₹2.15k Cr0.00%≤ 5%PASS
Illiquid assets ratio₹2.03k Cr₹2.03k Cr99.83%≥ 20%PASS
Receivables ratio–₹2.03k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E20.0521.90
Forward P/E——
P/B1.532.20
EV/EBITDA—18.00
PEG—1.00
Earnings yield5.004.60
Growth & profitability
RevenuePAT
FY23PAT margin 5.70%
FY24PAT margin 9.80%
FY25PAT margin 1.10%
FY26PAT margin 2.00%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+7.10%
Revenue CAGR 5Y—
PAT CAGR 3Y-23.90%
PAT CAGR 5Y—
Operating margin8.72%
Net margin2.66%
Financial health & cash flow
Net debt₹817.1 CrModerate
Interest coverage1.60xEBIT / interest
CFO / PAT2.17x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹94.9 Cr
Capital expenditure–
Free cash flow₹-19865.3 Lakh
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall53/100
Valuation60/100
Profitability50/100
Financial health50/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

High Cash Flow Conversion: CFO/PAT averaged 2.17x over last 3 years

Risks

Tight Debt Servicing: Interest coverage ratio is under 2.0x

Bull case

Market Leadership: Established operational scale in Paper & Paper Products.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · December 2025

Ownership distribution

Dec 2025Latest holding

Category trends

Hover over a period for exact holdings

80%53%27%0%Sept 2024Dec 2024Jun 2025Sept 2025Dec 2025
0.41%Institutional holding
25.29%Public holding
5Periods available
0.00%Promoter pledged
7.89KShareholders
Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
26 Aug 2026Dividend₹2.00 / share—25 Aug 2026
17 Sept 2025Dividend₹2.00 / share—17 Sept 2025
—Dividend₹2.00 / share—16 Aug 2024
—Annual General MeetingAnnual General Meeting—21 Sept 2023
—Annual General MeetingAnnual General Meeting—21 Sept 2022
—DividendAnnual General Meeting/Dividend - Re 1 Per Sh—21 Sept 2021
—Annual General MeetingAnnual General Meeting—21 Sept 2020
—Dividend₹4.00 / share—06 Sept 2019
—Dividend₹3.00 / share—18 Sept 2018
—Dividend₹2.00 / share—12 Sept 2017
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)46.14%-10.74% latest vs average
Highest delivery71.34%on 21 Sept
Average volume (20D)60.3KTrading-session average
Conviction trendWeakening-10.74% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
UltraTech Cement Limited
UltraTech Cement LimitedULTRACEMCO
Open analysis
₹3.21L37.592.21%₹25,799.47₹2,982.76+11.86%+20.17%
JSW Steel Limited
JSW Steel LimitedJSWSTEEL
Open analysis
₹2.97L12.050.59%₹47,364.00₹4,651.00+11.55%+112.96%
Hindustan Zinc Limited
Hindustan Zinc LimitedHINDZINC
Open analysis
₹2.28L13.372.07%₹13,687.00₹5,425.00+77.22%+146.14%
Asian Paints Limited
Asian Paints LimitedASIANPAINT
Open analysis
₹2.24L46.941.17%₹10,541.94₹1,539.25+17.94%+39.96%
Tata Steel Limited
Tata Steel LimitedTATASTEEL
Open analysis
₹2.19L19.832.27%₹60,794.00₹2,385.00+14.32%+18.83%
Hindalco Industries Limited
Hindalco Industries LimitedHINDALCO
Open analysis
₹2.02L12.320.56%₹84,825.00₹7,013.00+32.06%+75.15%
Grasim Industries Limited
Grasim Industries LimitedGRASIM
Open analysis
₹1.98L34.820.35%₹11,794.71₹246.65-70.60%-82.61%
Solar Industries India Limited
Solar Industries India LimitedSOLARINDS
Open analysis
₹1.81L90.930.06%₹3,668.00₹666.00+70.29%+88.67%
About N R Agarwal Industries Limited
N R Agarwal Industries Limited

Incorporated in 1993, N. R. Agarwal Industries Ltd manufacturers recycled paper and grey back & white back Duplex Boards[1]

IndiaBasic Materials

Questions investors ask
Is N R Agarwal Industries Limited Shariah compliant?

N R Agarwal Industries Limited is currently screened as Non-Compliant (Financial Ratios) under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (65.89%) exceeds AAOIFI threshold (≤ 33%).

What is N R Agarwal Industries Limited's current valuation relative to peers?

N R Agarwal Industries Limited trades at a P/E of 20.0x compared to the sector median of 21.9x, and a Price-to-Book of 1.5x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 1.01x. Interest coverage is 1.6x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at steady rates while net profit growth averaged consistent levels.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.