Andhra Paper Share Price

Andhra Paper Limited is an integrated paper and pulp manufacturers. The company operates two advanced mills located in Rajahmundry and Kadiyam in Andhra Pradesh. It functions under the L.N. Bangur Group and West Coast Paper Mills Limited parentage as of FY 2024-25. Andhra Paper Limited serves multiple segments, including writing, printing, industrial, copier, and specialty paper, catering to both domestic and export markets. The company has a production capacity of two lakh fifty-nine thousand four hundred tonnes per annum of paper and two lakh twenty thousand five hundred tonnes per annum of virgin pulp.

The Andhra Paper share price has historically reflected demand cycles in India’s paper and pulp sector, along with the impact of import competition and changes in wood pulp input costs through FY 2024-25. The Andhra Paper share trend during this period showed a correction from earlier highs due to higher domestic wood prices, increased imports from China and ASEAN countries, and temporary operational disruptions. The Andhra Paper share price 2025-2026 remained under pressure as the company focused on stabilising margins and volumes in a competitive environment.

Investors tracking Andhra Paper stock price live monitor factors such as production volumes, wood cost trends, and domestic paper prices. Andhra Paper share price today reflects industry import dynamics and the company’s shift towards value-added products. The Andhra Paper live share price represents real-time trading activity, while Andhra Paper performance indicates financial and operational progress. The Andhra Paper Share 2025-2026 period shows how the stock performs within the financial year, and the Andhra Paper live price reflects its current value during market hours.

Andhra Paper Limited Company Fundamentals

(A) Company Background

Andhra Paper company history traces to the establishment of Carnatic Paper Mills in Rajahmundry in 1921. The company was formally incorporated as The Andhra Pradesh Paper Mills Limited in 1964 with participation from the Government of Andhra Pradesh.

Andhra Paper headquarters is located in Rajahmundry, East Godavari District, Andhra Pradesh.

The company transitioned from a government-supported enterprise through multiple ownership changes. International Paper acquired a controlling stake in 2011, following which the company was renamed International Paper APPM Limited. In 2019, West Coast Paper Mills Limited acquired controlling stake, and the company was subsequently renamed Andhra Paper Limited.

Andhra Paper has an installed production capacity of approximately over 2,30,000 tonnes per annum of paper and paperboard.

(B) Company Product Lines

1. 1) Writing and Printing Papers
   Superior-grade writing and printing papers under brands including Andhra Truprint, Andhra Primavera, Andhra Writechoice, Andhra Splendor, and Andhra Pearlwhite. Andhra Paper business segments in writing and printing papers serve applications such as books, notebooks, diaries, calendars, journals, and commercial printing.
2.  Copier Papers
   Cut-size copier papers marketed under the Reflection brand across multiple GSM variants for high-speed printing, copying, and office use. Andhra Paper key offerings in copier papers cater to corporate, institutional, and retail stationery segments.
3.  Industrial Grade Papers
   Specialty and industrial papers including cup stock, pharmaceutical-grade paper, thermal base paper, kraft paper, and other packaging-related grades. These products serve sectors such as food & beverage packaging, pharmaceuticals, and industrial applications.

Andhra Paper value chain spans farm forestry-based raw material sourcing, pulp manufacturing using Elemental Chlorine Free (ECF) processes, and integrated paper production.

Andhra Paper customers include publishers, educational institutions, corporates, packaging converters, and export buyers.

(C) Company Revenue Model

Andhra Paper generates revenue through the manufacture and sale of writing, printing, copier, and industrial grade papers to domestic dealers, institutional customers, and export markets.

Andhra Paper business model operates as an integrated pulp and paper manufacturing system, with revenue driven by:

• Domestic paper sales
• Export sales
• Value-added specialty paper products

The company also derives limited revenue from sale of pulp and by-products.

(D) Geographic Presence

Andhra Paper geographic presence is centered in Andhra Pradesh with distribution across India and exports to international markets.

Headquarters / Registered Office: Rajahmundry, East Godavari District, Andhra Pradesh

India Footprint:

• Rajahmundry Unit – primary integrated pulp and paper manufacturing facility
• Kadiyam Unit – paper production facility

International Presence:
Exports to multiple regions including Asia, Middle East, and other international markets

(E) Leadership

Andhra Paper leadership as of March 2026:

• Mukesh Jain – Executive Director & Whole Time Director
• Bijay Kumar Sanku – Company Secretary
• Rajesh Bothra – Chief Financial Officer
• Sura Reddy Mallidi – Senior Vice President (Mills, Operations)
• Sandeep Rao Thallapalli – Vice President (Sales & Marketing)
• Saurabh Bangur – Managing Director
• Mukesh Jain – Director (Commercial)
• Bijay Kumar Sanku – Company Secretary & Compliance Officer
• Sudarshan V Somani – Independent Director
• Arun Kumar Sureka – Independent Director
• Virendraa Bangur – Vice Chairman
• Virendra Sinha – Independent Director
• Papia Sengupta – Independent Director
• S K Bangur – Chairman (Non-Executive)

(F) Key Milestones

• 1921 – Establishment of Carnatic Paper Mills in Rajahmundry
• 1964 – Incorporated as The Andhra Pradesh Paper Mills Limited with Government participation
• 2011 – International Paper acquired controlling stake; company renamed International Paper APPM Limited
• 2019 – West Coast Paper Mills Limited acquired controlling stake; company renamed Andhra Paper Limited
• 2020 onwards – Focus on operational efficiency, product mix improvement, and capacity utilisation

(G) Industry Perspective

India’s paper and pulp industry has been shaped by domestic demand growth from education, publishing, and packaging sectors alongside persistent import pressure from lower-cost producers in China and ASEAN countries.

Wood pulp prices globally experienced significant volatility through FY 2022-23 to FY 2024-25, driven by climate-related forestry disruptions and supply chain uncertainties – creating margin cyclicality for integrated paper manufacturers. India’s push to phase out single-use plastics has structurally expanded demand for paper-based packaging alternatives across hygiene and specialty segments.

Andhra Paper share price has tracked these structural and cyclical industry-level shifts with consistency through FY 2024-25. Rising domestic wood costs have reinforced farm forestry integration as a competitive differentiator for Indian paper mills. Andhra Paper stock price has reflected wood cost exposure and raw material security as primary earnings indicators through FY 2024-25.

Andhra Paper Limited Stock Market Presence – Listing And Index Representation

Andhra Paper Limited is listed on the stock exchanges in India. It trades on the BSE under the code 502330 and on the NSE under the symbol ANDHRAPAP. The company carries the International Securities Identification Number (ISIN) INE435A01028. Andhra Paper has been listed on the BSE since 1975, giving it a long history in the Indian stock market within the paper sector.

As of FY 2024-25, Andhra Paper share price is tracked across several indices, including S&P BSE MidSmallCap, S&P BSE SmallCap, S&P BSE Basic Materials, and S&P BSE AllCap. These indices reflect its classification as a smallcap company within the industrial and materials segment. Andhra Paper stock price is followed by investors on both BSE and NSE, with a higher level of participation from retail investors and moderate institutional interest due to its smallcap position.

During FY 2024-25, Andhra Paper earnings declined due to factors such as import competition, rising wood costs, and operational disruptions including a workmen strike and planned maintenance shutdown. These factors influenced Andhra Paper share price movements during the period.

Andhra Paper Limited Stock Performance And Share Price History

Andhra Paper share price showed strong growth from FY 2020-21 to FY 2023-24. This growth was supported by recovery in paper demand, improved pricing, and increased activity in the education and publishing sectors after the pandemic. However, in FY 2024-25, Andhra Paper share price recorded a decline due to import pressure, higher raw material costs, and production challenges.

Over the three-year period from FY 2022-23 to FY 2024-25, Andhra Paper stock price delivered negative returns from its peak levels. This change reflects a shift from favourable pricing conditions to a more competitive market environment. Over a five-year period from FY 2020-21 to FY 2024-25, Andhra Paper share price history shows a complete cycle, including a low phase during the pandemic, a recovery and peak phase, and a subsequent correction.

Investor sentiment towards Andhra Paper remained cautious during FY 2024-25 due to limited visibility on margin recovery. Andhra Paper volatility has remained relatively high, influenced by its smallcap nature and sensitivity to input costs and market demand.

Andhra Paper Limited Investor Relevance And Role In Portfolio

Andhra Paper is considered by investors as part of the paper and industrial manufacturing sector. The Andhra Paper investment thesis is based on demand from education, packaging, and reduced use of single-use plastics. The company’s integrated manufacturing model, which covers wood to paper production, is an important part of its operations.

During FY 2024-25, Andhra Paper share price levels attracted interest from investors looking at cyclical opportunities in the paper sector. The company is also working on a tissue paper greenfield project, which focuses on hygiene-related products. Andhra Paper fundamentals include a low debt-equity ratio, positive net worth, and dividend payment for FY 2024-25 despite lower earnings.

Andhra Paper P/E ratio increased during FY 2024-25 due to a decline in earnings. Similarly, Andhra Paper EPS declined as a result of higher input costs, import competition, and operational issues. These financial indicators are closely tracked by investors when analysing Andhra Paper stock price.

Andhra Paper Limited Sectoral Relevance And Peer Positioning

Andhra Paper operates within India’s paper and pulp sector and is compared with companies such as West Coast Paper Mills Limited, Tamil Nadu Newsprint and Papers Limited (TNPL), JK Paper Limited, Seshasayee Paper and Boards Limited, and Orient Paper and Industries Limited. These companies are involved in similar manufacturing activities, although their scale and operations differ.

Andhra Paper is often compared with Tamil Nadu Newsprint and Papers Limited and Seshasayee Paper and Boards Limited due to similarities in integrated manufacturing. However, Andhra Paper has a manufacturing base limited to Andhra Pradesh and focuses on virgin pulp-based production. The company is supported by West Coast Paper Mills Limited as its promoter.

In terms of market capitalisation, Andhra Paper is classified within the smallcap segment. It is smaller than companies like JK Paper Limited and West Coast Paper Mills Limited but is part of the mid-tier group of integrated paper manufacturers. Andhra Paper SWOT analysis highlights strengths such as integrated operations and raw material sourcing through farm forestry. Key risks include import competition and fluctuations in wood prices.

Conclusion

Andhra Paper Limited operates as an integrated paper and pulp manufacturer with a presence in multiple paper segments. Its stock market performance reflects industry demand, cost conditions, and operational factors. Andhra Paper share price has shown both growth and decline across different periods, indicating its cyclical nature. The company remains part of the smallcap segment and is tracked by investors for its operational performance and financial indicators. Overall, Andhra Paper continues to function within India’s paper sector with a focus on production, cost management, and market demand conditions.