Star Paper Mills Ltd. - manufacturing in Kolkata, West Bengal, India. FY 2026 financials & compliance.
CIN L21011WB1936PLC008726 Incorporated 31 August 1936 ROC Kolkata HQ Kolkata, West Bengal, India
Active Listed - NSE: STARPAPER · BSE: 516022 Public Limited Company manufacturing
Data last updated
Market Cap
₹227 Cr
STARPAPER · NSE
Share Price
₹144.31
-0.68% today
Revenue
₹410 Cr
FY 2025-26 · -6.1% YoY
EBITDA
₹18.49 Cr
Margin 4.5%
Net Profit
₹25.39 Cr
FY 2025-26 · -33.4% YoY
P/E (TTM)
2.2x
P/B 0.2x
ROE
3.7%
ROCE 4.1%
Debt / Equity
0.01
Interest cover 8.1x

About Star Paper Mills Ltd.

Data last updated:

Star Paper Mills Ltd. is a public limited company based in Kolkata, West Bengal, India. It operates in the paper and packaging products segment of the manufacturing sector. It was incorporated on 31 August 1936 and has been in existence for over 90 years.

The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN L21011WB1936PLC008726. Its GSTIN is 06AAECS0759B1ZO (Haryana). The company holds 5 GST registrations, of which 2 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 516022 and NSE: STARPAPER.

The company has an authorised share capital of ₹40 Cr and a paid-up capital of ₹15.61 Cr. It is led by directors including Madhukar Mishra (Managing Director) and Shrivardhan Goenka.

Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Duncan House 2nd Floor 31 Netaji Subhas Road, Kolkata, West Bengal, India – 700001.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹409.94 Cr, a decline of 6.1% compared to the previous year. For the same year it recorded a net profit of ₹25.39 Cr (net margin 6.2%) and EBITDA of ₹18.49 Cr (EBITDA margin 4.5%). The net worth stands at ₹708.3 Cr (up 4% YoY). Total assets are valued at ₹726.05 Cr (up 3.9% YoY).

The company has about 333 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Star Paper Mills. As per MCA filings, the company has satisfied charges of ₹215.41 Cr on record. Court records list 262 cases involving the company, including 178 filed by the company and 84 filed against it; 48 cases are pending. The company has 56 deals on record (56 market trades); the latest was in February 2025. Its 6 peer companies in the Manufacturing industry (Paper), with the same principal business activity (wood and wood products, furniture, paper and paper products) are compared by revenue, 4 larger and 2 smaller; the largest is R A Kraft Paper Private Limited with revenue of ₹526.11 Cr. The company has 2 MSME Form 1 returns on record between 2019 and 2020, listing 36 overdue payments to 32 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 starpapers.com.

Company details

CIN L21011WB1936PLC008726
Registration Number 008726
Incorporation Date 31 August 1936
ROC Kolkata
Listing Status Listed - Listed on NSE (STARPAPER); Listed on BSE (516022)
Company Status Active
Date of Last AGM 25 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant

CIN history

Star Paper Mills has one previous CIN (Corporate Identification Number): U21011WB1936PLC008726. The current CIN is L21011WB1936PLC008726, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L21011WB1936PLC008726Current
U21011WB1936PLC008726Previous

Contact details

Star Paper Mills Ltd.'s registered office is in Kolkata, West Bengal. Its website is starpapers.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Registered Address
    Duncan House 2nd Floor 31 Netaji Subhas Road, Kolkata, West Bengal, India – 700001
  • Industry
    Manufacturing, Paper & Packaging Products

To see the full contact details of Star Paper Mills Ltd., buy the company report.

Comprehensive company report
Star Paper Mills Ltd. - 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
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Brands

Star Paper Mills operates one associated brand: Star Paper Mills. Each brand links to its own profile.

BrandDescriptionWebsite
Star Paper Mills Limited is engaged in manufacturing high-quality paper products.starpapers.com

Business activity

The main business activity of Star Paper Mills is manufacturing. In detail, this covers wood and wood products, furniture, paper and paper products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC3Wood and wood products, furniture, paper and paper products

To see the full business activity and turnover split of Star Paper Mills Ltd., buy the company report.

Financials of Star Paper Mills Ltd.

FY 2025-26 filings available

Star Paper Mills Ltd. reported revenue of ₹409.94 Cr (down 6.1% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹410 Cr
-6.1% YoY
EBITDA
₹18.49 Cr
-49.8% YoY
Profit After Tax
₹25.39 Cr
-33.4% YoY
Net Worth
₹708 Cr
+4.0% YoY
Total Assets
₹726 Cr
+3.9% YoY
Total Debt
₹4.31 Cr
-7.7% 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
Revenue410436444493331233341
Revenue growth-6.1%-1.8%-9.8%+49.1%+41.6%-31.6%-
EBITDA18.4936.8655.2667.4732.0121.2048.05
EBITDA margin+4.5%+8.5%+12.4%+13.7%+9.7%+9.1%+14.1%
Profit before tax34.2353.4580.8983.3444.2124.8849.15
Net profit25.3938.1065.3673.9636.5917.3135.48
Net profit margin+6.2%+8.7%+14.7%+15.0%+11.1%+7.4%+10.4%
EPS (₹)20.9826.3641.0142.0823.4811.2223.88
Balance sheet
Total assets726699665608550519507
Net worth708681647594535502488
Total debt4.314.675.010.140.671.190.00
Cash & bank12.0830.4324.8514438.5741.3623.33
Net working capital10112810220378.3268.4761.03
Cash flow
Cash from operations29.0914.8425.8446.7718.6728.5417.50
Cash from investing(35.64)4.48(9.48)(41.12)(13.46)(25.24)(4.24)
Cash from financing(6.77)(7.54)(8.96)(6.50)(4.89)(4.96)(7.99)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue10311391.8210410111497.48111
Revenue growth (YoY)+2.3%-1.3%-5.8%-5.9%-11.2%---
Other income13.94(5.57)11.805.5411.871.144.5010.06
Total expenses10110891.2097.2394.8810489.70102
EBITDA2.794.450.627.146.2810.217.789.03
EBITDA margin+2.7%+4.0%+0.7%+6.8%+6.2%+8.9%+8.0%+8.1%
Depreciation1.742.151.621.611.592.251.381.39
Interest0.220.210.230.250.230.240.260.23
Profit before tax14.77(3.48)10.5710.8216.338.8610.6417.47
Tax3.77(2.19)2.36(2.20)3.513.842.932.96

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 06 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue10311391.8210410111497.48111
Revenue growth (YoY)+2.3%-1.3%-5.8%-5.9%-11.2%---
Other income13.94(5.57)11.805.5411.871.144.5010.06
Total expenses10110891.2097.2394.8810489.70102
EBITDA2.794.450.627.146.2810.217.789.03
EBITDA margin+2.7%+4.0%+0.7%+6.8%+6.2%+8.9%+8.0%+8.1%
Depreciation1.742.151.621.611.592.251.381.39
Interest0.220.210.230.250.230.240.260.23
Profit before tax14.77(3.48)10.5710.8216.338.8610.6417.47
Tax3.77(2.19)2.36(2.20)3.513.842.932.96
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue410436444493331233341
Revenue growth-6.1%-1.8%-9.8%+49.1%+41.6%-31.6%-
Other income23.6423.9431.9121.7118.039.496.91
Total expenses391399389425299212293
Employee cost31.5130.7330.1726.8924.6722.5027.87
EBITDA18.4936.8655.2667.4732.0121.2048.05
EBITDA margin+4.5%+8.5%+12.4%+13.7%+9.7%+9.1%+14.1%
Depreciation6.976.395.445.285.365.235.16
Interest0.930.960.840.560.470.580.65
Profit before tax34.2353.4580.8983.3444.2124.8849.15
Tax1.4812.3016.9017.677.557.3611.89
Net profit25.3938.1065.3673.9636.5917.3135.48
Net profit margin+6.2%+8.7%+14.7%+15.0%+11.1%+7.4%+10.4%
EPS (₹)20.9826.3641.0142.0823.4811.2223.88
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital15.6115.6115.6115.6115.6115.6115.61
Reserves & surplus693665632579519486473
Shareholders' funds (net worth)708681647594535502488
Secured loans0.000.000.000.000.000.000.00
Unsecured loans4.314.675.010.140.671.190.00
Total debt4.314.675.010.140.671.190.00
Total liabilities726699665608550519507
Assets
Gross block470467463446441437429
Net block420424425414415415412
Capital work in progress4.141.793.173.192.795.757.49
Investments24720319446.8511394.1888.95
Inventories11713511595.5875.2676.4579.53
Sundry debtors6.765.843.902.556.010.333.60
Cash & bank balances12.0830.4324.8514438.5741.3623.33
Loans & advances12.658.7110.6115.3310.668.607.08
Total current assets149180155257130127114
Total current liabilities47.4752.6552.7754.3652.1858.2752.51
Net working capital10112810220378.3268.4761.03
Total assets726699665608550519507
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash22.6510.863.474.334.015.660.40
Net cash from operating activities29.0914.8425.8446.7718.6728.5417.50
Net cash from investing activities(35.64)4.48(9.48)(41.12)(13.46)(25.24)(4.24)
Net cash from financing activities(6.77)(7.54)(8.96)(6.50)(4.89)(4.96)(7.99)
Net change in cash(13.31)11.787.40(0.86)0.32(1.65)5.27
Closing cash12.0830.4324.8514438.5741.3623.33
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-6.1%-1.8%-9.8%+49.1%+41.6%-31.6%-
EBITDA growth-49.8%-33.3%-18.1%+110.8%+51.0%-55.9%-
PBT growth-36.0%-33.9%-2.9%+88.5%+77.7%-49.4%-4.6%
Net income growth-33.4%-41.7%-11.6%+102.1%+111.4%-51.2%-
Revenue CAGR (3Y)-5.9%+9.7%+24.0%+13.1%-4.4%-12.4%+1.7%
EBITDA CAGR (3Y)-35.1%+4.8%+37.6%+12.0%-13.4%-33.6%-12.2%
Profitability & leverage
Net income margin+8.0%+9.4%+14.4%+13.3%+11.1%+7.5%+10.9%
Return on capital employed+4.1%+8.0%+12.8%+16.4%+8.4%+5.0%+10.2%
Return on net worth+3.7%+6.2%+10.3%+13.1%+7.1%+3.5%+7.9%
Debt / equity0.010.010.000.000.000.000.00
Long-term debt / equity0.010.010.000.000.000.000.00
Interest cover8.073.151.690.901.763.631.52
Efficiency & per share
Fixed asset turnover0.870.940.981.110.750.540.80
Inventory turnover3.253.484.225.774.362.995.30
Debtors turnover65.0789.60137.82115.11104.27118.7662.73
EPS (₹)20.9826.3641.0142.0823.4811.2223.88
Dividend per share (₹)0.003.504.005.003.502.502.50
Book value per share (₹)453.80436.24414.70380.83342.65321.55312.84

To see the full year-wise statements and ratios of Star Paper Mills Ltd., buy the company report.

Board of directors of Star Paper Mills Ltd.

Star Paper Mills has 6 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Madhukar MishraManaging Director29 Jun 200125 Years 4 MonthsCurrent
Shrivardhan GoenkaDirector09 Sep 200224 Years 1 MonthsCurrent
Pragya JhunjhunwalaDirector25 Jun 20215 Years 4 MonthsCurrent
Atul Mani SharmaDirector28 Sep 20242 Years 1 MonthsCurrent
Anoop MishraDirector28 Sep 20242 Years 1 MonthsCurrent
Rishabh Chand LodhaDirector24 May 20242 Years 5 MonthsCurrent

Peer comparison

Star Paper Mills Ltd. is compared with the 6 companies closest to it by revenue in the Manufacturing industry (Paper), with the same principal business activity (wood and wood products, furniture, paper and paper products), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
R A Kraft Paper Private Limited₹526.11 Cr (FY 2025)28.0%Mumbai, Maharashtra, India
Chadha Papers Limited₹522.82 Cr (FY 2025)-15.0%Uttar Pradesh, India
Shree Ajit Pulp and Paper Limited₹507.41 Cr (FY 2025)68.0%Vapi, Gujarat, India
Paswara Papers Limited₹492.71 Cr (FY 2025)11.0%Meerut, Uttar Pradesh, India
Devpriya Industries Private Limited₹450.28 Cr (FY 2025)10.0%New Delhi, Delhi, India
Sainsons Paper Industries Private Limited₹439.51 Cr (FY 2025)18.0%Kurukshetra, Haryana, India
Star Paper Mills Ltd.this company₹409.94 Cr (FY 2026)₹25.39 Cr6.2%-6.1%333Kolkata, West Bengal, India

To see the full peer comparison of Star Paper Mills Ltd., buy the company report.

Auditor

Star Paper Mills Ltd. is audited by Lodha & Co. for the financial year 2023.

Auditor firmFinancial yearFirm registration number
Lodha & Co.FY 2023301051E

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 44.90%, foreign institutional investors hold 1.60%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 53.50%.

Promoters: 44.90%FII (Foreign Institutional): 1.60%Retail & Others: 53.50%
Sep 2026
QUARTER
44.90% Promoters
1.60% FII (Foreign Institutional)
53.50% Retail & Others
Promoter holding - history
Now 44.90% · Sep 2026High 44.90% · Dec 2025Low 44.90% · Dec 2025
43%43.8%44.5%45.3%46%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 44.90%Mar 2026: 44.90%Jun 2026: 44.90%Sep 2026: 44.90%44.90%44.90%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters44.90%44.90%44.90%44.90%
Public55.10%55.10%55.10%55.10%

Charges & borrowings

Open charges
None
Satisfied charges
₹215.41 Cr
Breakdown by lending institutions
Bank of Baroda₹99.50 Cr
Punjab National Bank₹63.91 Cr
The Industrial Finance Corporation of India Ltd.₹27.00 Cr
Industrial Development Bank of India₹15.00 Cr
The Industrial Credit and Investment Corporation of India Limited₹10.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
17 Jul 200910174255Bank of Baroda₹29 CrSatisfied
15 Sep 200580032423Punjab National Bank₹50 CrSatisfied
06 Feb 200480032616Bank of Baroda₹25 CrSatisfied
30 Jul 199880032650Industrial Development Bank of India₹15 CrSatisfied
13 May 199780053157The Industrial Finance Corporation of India Ltd.₹6 CrSatisfied

To see the full charge records of Star Paper Mills Ltd., buy the company report.

Total charge records: 10 View all charges

Deals & funding

Star Paper Mills Ltd. has 56 deals on record (56 market trades); the latest was in February 2025.

Total deals
56
Market trades
56

Deals on record (5 of 56)

WhenDealAmountParties
Feb 2025Market trade₹2 CrBuyer: Raviraj Developers Limited
Seller: an individual
Jan 2024Market trade₹6.07 CrBuyer: Krone Investments, Graviton Research Capital LLP
Seller: Graviton Research Capital LLP , Krone Investments
Jan 2024Market trade₹1.96 CrBuyer: Graviton Research Capital LLP
Seller: Graviton Research Capital LLP
Oct 2023Market trade₹1.87 CrBuyer: Graviton Research Capital LLP
Seller: Graviton Research Capital LLP
Sep 2023Market trade₹4.11 CrBuyer: Graviton Research Capital LLP
Seller: Graviton Research Capital LLP

To see the full deal history of Star Paper Mills Ltd., 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

Star Paper Mills Ltd. was last rated by Care on 10 Jan 2023.

Rating agencyRated onRating
Care10 Jan 2023

To see the full credit ratings and regulatory alerts of Star Paper Mills Ltd., buy the company report.

MSME payment delays

Star Paper Mills Ltd. has 2 MSME Form 1 returns on record between 2019 and 2020, listing 36 overdue payments to 32 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 32)

SupplierAmount dueDue sinceReported on
an individual supplier
Pangea Chemicals Private Limited
an individual supplier
Goel Dyechem Private Limited.
an individual supplier

To see the full MSME payment records of Star Paper Mills Ltd., buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Star Paper Mills Ltd. has a workforce of 333 employees on its EPFO records as of Apr 07, 2024, across 3 active EPFO establishments.

Employee count
333
Active EPFO establishments
3
Employee growth
-0.89%

GST

Star Paper Mills has 5 GST registrations: 2 active and 3 cancelled or inactive.

Total GSTINs
5
Active
2
Cancelled / inactive
3
GSTINStateStatusRegistered on
06AAECS0759B1ZOHaryanaActive01 Jul 2017
09AAECS0759B1ZIUttar PradeshActive01 Jul 2017

To see the full GST registrations and return filing status of Star Paper Mills Ltd., buy the company report.

Recent activity

Star Paper Mills Ltd. has 38 board changes on record since 1986: 22 appointments and 16 cessations. The latest: Anoop Mishra was appointed as Director on 28 Sep 2024.

Filing
Star Paper Mills Ltd. has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Kolkata I.
AGM
Star Paper Mills Ltd. last Annual general meeting of members was held on 25 Sep 2025 as per latest MCA records.
Appointed
Anoop Mishra was appointed as Director.
Appointed
Atul Mani Sharma was appointed as Director.
Ceased
Chander Mohan Vasudev ceased to be Director.
Ceased
Shiromani Sharma ceased to be Director.
Ceased
Sheela Bhide ceased to be Director.
Appointed
Rishabh Chand Lodha was appointed as Director.
Appointed
Sheela Bhide was appointed as Director.
Ceased
Sunil Srivastav ceased to be Director.
Charges
A charge registered on 17 Jul 2009 via Charge ID 10174255 with Bank Of Baroda was fully satisfied on 22 Jun 2022.
Appointed
Sanjeev Kumar Garg was appointed as CFO.

50 earlier events are in the company report.

Frequently asked questions

Star Paper Mills is an active public limited company based in Kolkata, West Bengal, India. The company works in paper and packaging products, within the manufacturing industry. It was incorporated on 31 August 1936 (90+ years old) and is registered under CIN L21011WB1936PLC008726. Listed on BSE: 516022 and NSE: STARPAPER.

Star Paper Mills reported revenue of ₹409.94 Cr for FY 2025-26 (down 6.1% YoY) based on standalone financials.

Star Paper Mills has 6 current directors:

The latest financial statements of Star Paper Mills on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 25 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Star Paper Mills is 06AAECS0759B1ZO, registered in Haryana. The company has 5 GST registrations in all, of which 2 are active and 3 are cancelled or inactive. Other active GSTINs include 09AAECS0759B1ZI (Uttar Pradesh).

The CIN (Corporate Identification Number) of Star Paper Mills is L21011WB1936PLC008726. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Star Paper Mills is a listed company as per MCA records. Its shares are listed on both BSE (code: 516022) and NSE (symbol: STARPAPER).

Star Paper Mills has 262 court cases on record: 178 filed by the company and 84 filed against it. 48 are pending. Most are in the high courts.

Star Paper Mills was incorporated on 31 August 1936, making it 90+ years old. It is registered with the Registrar of Companies, Kolkata.

Star Paper Mills has 56 deals on record (56 market trades); the latest was in February 2025.

The peers of Star Paper Mills by revenue are R A Kraft Paper Private Limited, Chadha Papers Limited, Shree Ajit Pulp and Paper Limited, Paswara Papers Limited, Devpriya Industries Private Limited and 1 more, all in the Manufacturing industry (Paper), with the same principal business activity (wood and wood products, furniture, paper and paper products).

Anoop Mishra was appointed as Director on 28 Sep 2024. Atul Mani Sharma was appointed as Director on 28 Sep 2024. Chander Mohan Vasudev ceased to be Director on 27 Sep 2024. Star Paper Mills has 38 board changes on record in total.