Andhra Paper Limited - manufacturing in Rajahmundry, Andhra Pradesh, India. FY 2026 financials & compliance.
CIN L21010AP1964PLC001008 Incorporated 29 June 1964 ROC Vijayawada HQ Rajahmundry, Andhra Pradesh, India
Active Listed - NSE: ANDHRAPAP · BSE: 502330 Public Limited Company manufacturing
Market Cap
₹1,234 Cr
ANDHRAPAP · NSE
Share Price
₹63.03
+1.53% today
Revenue
₹1,701 Cr
FY 2025-26 · +10.4% YoY
EBITDA
₹67.31 Cr
Margin 4.0%
Net Profit
−₹32.20 Cr
FY 2025-26 · -181.0% YoY
P/E (TTM)
24.3x
P/B 0.7x
ROE
-1.7%
ROCE 0.0%
Debt / Equity
0.13
Interest cover -45.5x

About Andhra Paper Limited

Data last updated:

Andhra Paper Limited is a public limited company based in Rajahmundry, Andhra Pradesh, India, a subsidiary of West Coast Paper Mills Limited. It operates in the paper and packaging products segment of the manufacturing sector. It was incorporated on 29 June 1964 and has been in existence for over 62 years.

Its director Shree Kumar Bangur and family are #1,009 among India's richest people (2026).

The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN L21010AP1964PLC001008. Its GSTIN is 37AAACT8849D1Z3 (Andhra Pradesh). The company holds 10 GST registrations, of which 9 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 502330 and NSE: ANDHRAPAP.

The company has an authorised share capital of ₹45 Cr and a paid-up capital of ₹39.77 Cr. It was formerly known as Andhra Pradesh Paper Mills Ltd. It is led by directors including Saurabh Bangur (Managing Director) and Mukesh Jain (Whole-Time Director).

Its last annual general meeting (AGM) was held on 07 August 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Rajahmundry East Godavaridistrict, Andhra Pradesh, India – 533105.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹1,701.23 Cr, a growth of 10.4% compared to the previous year. For the same year it recorded a net loss of ₹32.2 Cr (net margin -1.9%) and EBITDA of ₹67.31 Cr (EBITDA margin 4%). The net worth stands at ₹1,939.35 Cr (down 0.1% YoY). Total assets are valued at ₹2,171.5 Cr (down 2.4% YoY).

The company has about 2,889 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.

The company is associated with 2 brands: Andhra Paper and International Paper APPM. As per MCA filings, the company has open charges of ₹601 Cr and satisfied charges of ₹1,160.04 Cr on record. Court records list 395 cases involving the company, including 127 filed by the company and 270 filed against it; 47 cases are pending. The company has 36 deals on record (29 market trades, 3 acquisitions, 2 funding rounds), with disclosed funding of ₹1 Cr; the latest was in September 2026. The company has 11 MSME Form 1 returns on record between 2019 and 2023, listing 796 overdue payments to 203 micro and small suppliers.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website andhrapaper.com.

Company details

CIN L21010AP1964PLC001008
Registration Number 001008
Incorporation Date 29 June 1964
ROC Vijayawada
Listing Status Listed - Listed on NSE (ANDHRAPAP); Listed on BSE (502330)
Company Status Active
Parent Company West Coast Paper Mills Limited
Compliance Status Active Compliant

Name history

Andhra Paper has undergone 5 name changes throughout its history. The current legal name is Andhra Paper Limited.

Company NameStatus
Andhra Paper LimitedCurrent
Andhra Pradesh Paper Mills Ltd.Previous
Andhra Pradesh Paper LimitedPrevious
International Paper Appm LimitedPrevious
The Andhra Pradesh Paper Mills Ltd.Previous

CIN history

Andhra Paper has one previous CIN (Corporate Identification Number): L99999AP1964PLC001008. The current CIN is L21010AP1964PLC001008, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L21010AP1964PLC001008Current
L99999AP1964PLC001008Previous

Recognitions & Rankings of Andhra Paper

Contact details

Andhra Paper Limited's registered office is in Rajahmundry, Andhra Pradesh. Its website is andhrapaper.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Social Media
  • Registered Address
    Rajahmundry East Godavaridistrict, Andhra Pradesh, India – 533105
  • Industry
    Manufacturing, Paper & Packaging Products

To see the full contact details of Andhra Paper Limited, buy the company report.

Comprehensive company report
Andhra Paper Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Andhra Paper operates two associated brands: Andhra Paper and International Paper APPM. Each brand links to its own profile.

BrandDescriptionWebsite
Paper and pulp are manufactured by Andhra Paper in India.andhrapaper.com
Integrated paper and pulp products are manufactured and exported globally.ipappm.com

Business activity

The main business activity of Andhra Paper is manufacturing. In detail, this covers manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturing16Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials

To see the full business activity and turnover split of Andhra Paper Limited, buy the company report.

Financials of Andhra Paper Limited

FY 2025-26 filings available

Andhra Paper Limited reported revenue of ₹1,701.23 Cr (up 10.4% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹1,701 Cr
+10.4% YoY
EBITDA
₹67.31 Cr
-50.0% YoY
Profit After Tax
−₹32.20 Cr
-181.0% YoY
Net Worth
₹1,939 Cr
-0.1% YoY
Total Assets
₹2,172 Cr
-2.4% YoY
Total Debt
₹232 Cr
-18.0% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue1,7011,5411,8012,0981,3808871,270
Revenue growth+10.4%-14.4%-14.2%+52.0%+55.7%-30.2%-
EBITDA67.3113543171922156.48302
EBITDA margin+4.0%+8.7%+23.9%+34.3%+16.0%+6.4%+23.8%
Profit before tax25.37117456701188(6.19)236
Net profit(32.20)39.74332535141(4.17)213
Net profit margin-1.9%+2.6%+18.4%+25.5%+10.2%-0.5%+16.8%
EPS (₹)0.944.4785.43131.3735.14(1.16)53.54
Balance sheet
Total assets2,1722,2242,0091,6391,1561,0221,005
Net worth1,9391,9411,8931,5821,094975976
Total debt23228311555.4659.1744.209.33
Cash & bank18.517.7126.2647.3754.8181.57171
Net working capital25326864.93143220222323
Cash flow
Cash from operations104(55.39)319536202104177
Cash from investing1.79(61.13)(334)(498)(181)(114)(167)
Cash from financing(93.89)1095.03(41.33)(11.74)10.75(10.61)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue394527419362393407386432
Revenue growth (YoY)+0.1%+29.4%+8.6%-16.2%+24.5%---
Other income21.6517.4628.7210.1827.2317.6815.3030.33
Total expenses345502403369360387357380
EBITDA48.7825.1115.40(6.81)33.6020.2728.3152.31
EBITDA margin+12.4%+4.8%+3.7%-1.9%+8.5%+5.0%+7.3%+12.1%
Depreciation26.9927.1027.3926.9125.9024.5322.0020.97
Interest2.903.714.554.205.767.264.533.87
Profit before tax40.5411.7612.18(27.74)29.176.1617.0857.80
Tax10.234.042.33(7.49)7.87(1.68)5.4316.08

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 12 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue394527419362393407386432
Revenue growth (YoY)+0.1%+29.4%+8.6%-16.2%+24.5%---
Other income21.6517.4628.7210.1827.2317.6815.3030.33
Total expenses345502403369360387357380
EBITDA48.7825.1115.40(6.81)33.6020.2728.3152.31
EBITDA margin+12.4%+4.8%+3.7%-1.9%+8.5%+5.0%+7.3%+12.1%
Depreciation26.9927.1027.3926.9125.9024.5322.0020.97
Interest2.903.714.554.205.767.264.533.87
Profit before tax40.5411.7612.18(27.74)29.176.1617.0857.80
Tax10.234.042.33(7.49)7.87(1.68)5.4316.08
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue1,7011,5411,8012,0981,3808871,270
Revenue growth+10.4%-14.4%-14.2%+52.0%+55.7%-30.2%-
Other income83.5988.7394.9552.0244.8815.2214.54
Total expenses1,6341,4071,3701,3781,159830967
Employee cost181169169165157143157
EBITDA67.3113543171922156.48302
EBITDA margin+4.0%+8.7%+23.9%+34.3%+16.0%+6.4%+23.8%
Depreciation10788.3265.8763.2072.0173.3875.90
Interest18.2217.894.417.175.454.515.32
Profit before tax25.37117456701188(6.19)236
Tax6.7428.1611617948.62(1.60)22.88
Net profit(32.20)39.74332535141(4.17)213
Net profit margin-1.9%+2.6%+18.4%+25.5%+10.2%-0.5%+16.8%
EPS (₹)0.944.4785.43131.3735.14(1.16)53.54
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital39.7739.7739.7739.7739.7739.7739.77
Reserves & surplus1,9001,9011,8531,5421,054935936
Shareholders' funds (net worth)1,9391,9411,8931,5821,094975976
Secured loans2242091020.000.000.000.00
Unsecured loans8.3674.3012.7655.4659.1744.209.33
Total debt23228311555.4659.1744.209.33
Total liabilities2,1722,2242,0091,6391,1561,0221,005
Assets
Gross block1,6921,6171,3091,028978961951
Net block1,0001,024795577585619680
Capital work in progress27929.8211429.387.688.991.60
Investments6509091,02988738321944.29
Inventories263322237174145164223
Sundry debtors15610960.9314810375.6040.78
Cash & bank balances18.517.7126.2647.3754.8181.57171
Loans & advances99.9212799.5568.36178122110
Total current assets538565424437481444545
Total current liabilities284297359294260222221
Net working capital25326864.93143220222323
Total assets2,1722,2242,0091,6391,1561,0221,005
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash3.7711.0521.3224.5415.2914.2614.65
Net cash from operating activities104(55.39)319536202104177
Net cash from investing activities1.79(61.13)(334)(498)(181)(114)(167)
Net cash from financing activities(93.89)1095.03(41.33)(11.74)10.75(10.61)
Net change in cash12.40(7.28)(10.27)(3.22)9.241.03(0.39)
Closing cash18.517.7126.2647.3754.8181.57171
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+10.4%-14.4%-14.2%+52.0%+55.7%-30.2%-
EBITDA growth-50.0%-68.8%-40.1%+225.6%+291.2%-81.3%-
PBT growth-78.3%-74.3%-35.0%+272.2%+9998.0%--24.3%
Net income growth-181.0%-88.0%-38.0%+279.3%+3481.5%-102.0%-
Revenue CAGR (3Y)-6.7%+3.8%+26.6%+18.2%-1.1%-11.1%+2.7%
EBITDA CAGR (3Y)-54.6%-15.2%+96.9%+33.5%-16.0%-35.8%+28.7%
Profitability & leverage
Net income margin+1.1%+5.8%+18.9%+24.9%+10.1%-0.5%+16.8%
Return on capital employed+0.0%+4.5%+25.2%+50.7%+17.8%+0.2%+26.9%
Return on net worth-1.7%+2.1%+19.6%+39.0%+13.5%-0.4%+24.5%
Debt / equity0.130.100.050.040.050.030.01
Long-term debt / equity0.080.050.020.010.020.010.01
Interest cover-45.5538.691.211.093.66-26.692.35
Efficiency & per share
Fixed asset turnover1.031.051.542.091.420.931.37
Inventory turnover5.815.518.7713.168.924.576.68
Debtors turnover12.8518.1817.2816.7815.5015.2422.21
EPS (₹)0.944.4785.43131.3735.14(1.16)53.54
Dividend per share (₹)0.501.0010.0012.507.505.000.00
Book value per share (₹)97.5397.60476.04397.83275.10245.21245.37

To see the full year-wise statements and ratios of Andhra Paper Limited, buy the company report.

Board of directors of Andhra Paper Limited

Andhra Paper has 8 current directors and 51 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Papia SenguptaDirector01 Sep 20224 Years 2 MonthsCurrent
Virendraa BangurDirector30 Dec 20196 Years 10 MonthsCurrent
Mukesh JainWhole-Time Director10 Nov 20215 Years 0 MonthsCurrent
Shree Kumar BangurDirector30 Oct 20197 Years 0 MonthsCurrent
Saurabh BangurManaging Director01 Jun 20206 Years 5 MonthsCurrent
Virendra SinhaDirector01 Apr 20224 Years 7 MonthsCurrent
Showing 6 of 8 current directors. View all directors

Auditor

Andhra Paper Limited is audited by M S K A & Associates for the financial year 2025.

Auditor firmFinancial yearFirm registration number
M S K A & AssociatesFY 2025105047W

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 72.40%, foreign institutional investors hold 0.30%, domestic institutional investors hold 5.50% and retail and other public shareholders hold 21.80%.

Promoters: 72.40%DII (Domestic Institutional): 5.50%FII (Foreign Institutional): 0.30%Retail & Others: 21.80%
Sep 2026
QUARTER
72.40% Promoters
5.50% DII (Domestic Institutional)
0.30% FII (Foreign Institutional)
21.80% Retail & Others
Promoter holding - history
Now 72.40% · Sep 2026High 72.40% · Dec 2025Low 72.40% · Dec 2025
71%71.8%72.5%73.3%74%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 72.40%Mar 2026: 72.40%Jun 2026: 72.40%Sep 2026: 72.40%72.40%72.40%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters72.40%72.40%72.40%72.40%
Public27.60%27.60%27.60%27.60%

Charges & borrowings

Open charges
₹601 Cr
Satisfied charges
₹1,160.04 Cr
Breakdown by lending institutions
Hdfc Bank Limited₹260.00 Cr
Idbi Bank Limited₹175.00 Cr
Standard Chartered Bank₹160.00 Cr
State Bank of India₹6.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
16 Oct 2025101184206Hdfc Bank Limited₹130 CrOpen
17 Sep 2025101164883Hdfc Bank Limited₹130 CrOpen
09 Jul 2024100951712Standard Chartered Bank₹160 CrOpen
11 Nov 2022100642511Idbi Bank Limited₹175 CrOpen
11 Jan 199390137460State Bank of India₹6 CrOpen

To see the full charge records of Andhra Paper Limited, buy the company report.

Total charge records: 55 View all charges

Deals & funding

Andhra Paper Limited has 36 deals on record (29 market trades, 3 acquisitions, 2 funding rounds), with disclosed funding of ₹1 Cr; the latest was in September 2026.

Total deals
36
Market trades
29
Acquisitions
3
Funding rounds
2
Secondary share transfers
2
Disclosed funding
₹1 Cr

Deals on record (5 of 36)

To see the full deal history of Andhra Paper Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Andhra Paper Limited was last rated by Care on 10 Nov 2021.

Rating agencyRated onRating
Care10 Nov 2021

To see the full credit ratings and regulatory alerts of Andhra Paper Limited, buy the company report.

MSME payment delays

Andhra Paper Limited has 11 MSME Form 1 returns on record between 2019 and 2023, listing 796 overdue payments to 203 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 203)

SupplierAmount dueDue sinceReported on
Soni Brothers
an individual supplier
S G Corporation
an individual supplier
Coalsale Company Limited

To see the full MSME payment records of Andhra Paper Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Group structure & subsidiaries

Andhra Paper has 1 subsidiary company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.

1
Subsidiary companies
Key subsidiaries
Company NameCINShares held
Andhra Paper FoundationU80301AP2013NPL121862

To see the full group structure of Andhra Paper Limited, buy the company report.

Employees & EPFO

Andhra Paper Limited has a workforce of 2,889 employees on its EPFO records as of May 2026, across 2 active EPFO establishments.

Employee count
2,889
Active EPFO establishments
2
Employee growth
-1.2%

Headcount by financial year

Financial yearEmployees (EPFO)
FY 2026-272,889
FY 2025-26
FY 2024-25
FY 2023-24
FY 2022-23
FY 2021-22
FY 2020-21
FY 2019-20
FY 2018-19
FY 2017-18
FY 2016-17

To see the full employee and EPFO history of Andhra Paper Limited, buy the company report.

GST

Andhra Paper has 10 GST registrations: 9 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
10
Active
9
Cancelled / inactive
1
GSTINStateStatusRegistered on
37AAACT8849D1Z3Andhra PradeshActive01 Jul 2017
07AAACT8849D1Z6DelhiActive01 Jul 2017
19AAACT8849D1Z1West BengalActive01 Jul 2017
27AAACT8849D1Z4MaharashtraActive01 Jul 2017

To see the full GST registrations and return filing status of Andhra Paper Limited, buy the company report.

Recent activity

Andhra Paper Limited has 100 board changes on record since 1985: 55 appointments and 45 cessations. The latest: Arun Kumar Sureka ceased to be Director on 29 Oct 2025.

Filing
Andhra Paper Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Vijayawada.
Ceased
Arun Kumar Sureka ceased to be Director.
Appointed
Deepak Jalan was appointed as Director.
Appointed
Ramesh Aggarwal Kumar was appointed as Director.
Ceased
Sudarshan Vijaynarain Somani ceased to be Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 130.00 Cr with Charge ID 101184206 was registered on 16 Oct 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 130.00 Cr with Charge ID 101164883 was registered on 17 Sep 2025.
AGM
Andhra Paper Limited last Annual general meeting of members was held on 07 Aug 2025 as per latest MCA records.
Charges
A charge registered on 02 Apr 2024 via Charge ID 100892420 with State Bank Of India was fully satisfied on 24 Jun 2025.
Charges
A charge registered on 22 Nov 2022 via Charge ID 100651739 with Axis Bank Limited was fully satisfied on 03 May 2025.
Ceased
Sitaram Sharma ceased to be Director.
Charges
A charge with Idbi Bank Limited of Rs. 175.00 Cr registered on 11 Nov 2022 with Charge ID 100642511 was modified on 09 Jan 2025.

237 earlier events are in the company report.

News

ANDHRAPAP: Q2 REVENUE 4.26B RUPEES VS 3.6B (YOY)
30 Oct 2026 · Exchange Update
ANDHRAPAP: Q2 SL NET PROFIT 43M RUPEES VS LOSS 203M (YOY)
30 Oct 2026 · Exchange Update
ANDHRAPAP: Q2 EBITDA GAIN 288M RUPEES VS LOSS 68M (YOY)
30 Oct 2026 · Exchange Update

Frequently asked questions

Andhra Paper is an active public limited company based in Rajahmundry, Andhra Pradesh, India. The company works in paper and packaging products, within the manufacturing industry. It was incorporated on 29 June 1964 (62+ years old) and is registered under CIN L21010AP1964PLC001008. Listed on BSE: 502330 and NSE: ANDHRAPAP.

Andhra Paper reported revenue of ₹1,701.23 Cr for FY 2025-26 (up 10.4% YoY) based on standalone financials.

Andhra Paper has 8 current directors:

The latest financial statements of Andhra Paper on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 07 August 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Andhra Paper is 37AAACT8849D1Z3, registered in Andhra Pradesh. The company has 10 GST registrations in all, of which 9 are active and 1 is cancelled or inactive. Other active GSTINs include 07AAACT8849D1Z6 (Delhi), 19AAACT8849D1Z1 (West Bengal), 27AAACT8849D1Z4 (Maharashtra).

The CIN (Corporate Identification Number) of Andhra Paper is L21010AP1964PLC001008. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Andhra Paper is a listed company as per MCA records. Its shares are listed on both BSE (code: 502330) and NSE (symbol: ANDHRAPAP).

Andhra Paper has 395 court cases on record: 127 filed by the company and 270 filed against it. 47 are pending. Most are in the high courts.

Andhra Paper was incorporated on 29 June 1964, making it 62+ years old. It is registered with the Registrar of Companies, Vijayawada.

Andhra Paper has 36 deals on record (29 market trades, 3 acquisitions, 2 funding rounds), with disclosed funding of ₹1 Cr; the latest was in September 2026.

Arun Kumar Sureka ceased to be Director on 29 Oct 2025. Deepak Jalan was appointed as Director on 29 Oct 2025. Ramesh Aggarwal Kumar was appointed as Director on 29 Oct 2025. Andhra Paper has 100 board changes on record in total.