| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 647 | 452 | +43.1% |
| EBITDA | 74.3 | 16.5 | +349.9% |
| EBITDA margin | 11.5% | 3.7% | +7.8 pts |
| Profit before tax | 45.8 | 9.8 | +366.2% |
| Net profit | 35.0 | 16.5 | +111.3% |
| EPS | ₹20.55 | ₹9.72 | +111.4% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 1,168 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 16.1 | 16.1 | 73.4 | 0.2 | 8.0 | ||
| 789 | 789 | 621 | 553 | 135 | ||
| 1,940 | — | — | — | — | ||
| 2,340 | 2,145 | 1,659 | 1,293 | 1,766 | ||
| — | +29.3% | +28.3% | −26.8% | — | ||
| 232 | 174 | 111 | 176 | 185 | ||
| 9.9% | 8.1% | 6.7% | 13.6% | 10.5% | ||
| 163 | 106 | 45.5 | 139 | 149 | ||
| 62.1 | 43.7 | 17.7 | 125 | 99.3 | ||
| 2.7% | 2.0% | 1.1% | 9.7% | 5.6% | ||
| ₹36.50 | ₹25.68 | ₹10.37 | ₹73.72 | ₹58.35 | ||
| — | +147.6% | −85.9% | +26.3% | — | ||
| — | 94.9 | 176 | 135 | 129 | ||
| — | −294 | −120 | −534 | −194 | ||
| −199 | −199 | 56.4 | −399 | −65.2 | ||
From the company's filings with NSE and BSE (Ind-AS), standalone. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 1,167.6 | |
| - Cash, Equiv & ST Investments | 8.0 | 0.2 | 73.4 | 16.1 | 16.1 | |
| + Total Debt | 134.5 | 552.7 | 621.1 | 788.9 | 788.9 | |
| Enterprise Value | — | — | — | — | 1,940.4 | |
| Revenue | 1,766.1 | 1,293.1 | 1,659.0 | 2,145.4 | 2,340.3 | |
| Growth %, YoY | — | -26.8 | +28.3 | +29.3 | — | |
| EBITDA | 184.9 | 176.1 | 111.0 | 174.4 | 232.2 | |
| Margin % | 10.47 | 13.62 | 6.69 | 8.13 | 9.92 | |
| EBIT | 149.1 | 138.7 | 45.5 | 105.8 | 162.6 | |
| Net Income | 99.3 | 125.5 | 17.7 | 43.7 | 62.1 | |
| Margin % | 5.62 | 9.70 | 1.06 | 2.04 | 2.65 | |
| EPS, Adj (current shares) | 58.35 | 73.72 | 10.37 | 25.68 | 36.50 | |
| Growth %, YoY | — | +26.3 | -85.9 | +147.6 | — | |
| Cash from Operations | 129.0 | 135.1 | 176.1 | 94.9 | — | |
| Capital Expenditures | -194.2 | -534.3 | -119.7 | -293.5 | — | |
| Free Cash Flow | -65.2 | -399.2 | 56.4 | -198.7 | -198.7 | |
Prices at the previous close · figures from the company's filings with NSE
N R Agarwal Industries (NSE: NRAIL) had a market capitalisation of ₹1,168 crore at the previous close (₹686.05 a share), a PE ratio of 18.8 on the last four quarters' profit and a price-to-book ratio of 1.43. In FY26 its consolidated net profit was ₹43.7 crore on revenue of ₹2,145 crore; in Q1 FY27 (April–June 2026) it was ₹35 crore, up 111.3% year on year. Its debt-to-equity ratio was 0.97 on 31 March 2026. Promoters held 74.29% of the shares on 30 September 2026.
N R Agarwal Industries' PE ratio is 18.8 at the previous close (₹686.05 a share): a market capitalisation of ₹1,168 crore divided by consolidated net profit of ₹62.1 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit (₹43.7 crore) it is 26.7.
N R Agarwal Industries' price-to-book (PB) ratio is 1.43 at the previous close: a market capitalisation of ₹1,168 crore divided by shareholders' equity (book value) of ₹815 crore on 31 March 2026. That is a book value of ₹479.11 per share against a share price of ₹686.05.
N R Agarwal Industries' book value per share was ₹479.11 on 31 March 2026: shareholders' equity of ₹815 crore divided by the 1.7 crore shares in issue, up 5.3% from ₹455.13 a year earlier. The share price at the previous close was ₹686.05.
N R Agarwal Industries' market capitalisation was ₹1,168 crore at the previous close: 1.7 crore shares at ₹686.05 each.
No. N R Agarwal Industries had borrowings of ₹789 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.97. Its cash and current investments were ₹17.6 crore, so its net debt was ₹771 crore.
N R Agarwal Industries' basic earnings per share (EPS) were ₹25.68 in FY26, against ₹10.37 in FY25. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹36.50.
N R Agarwal Industries' debt-to-equity ratio was 0.97 on 31 March 2026: borrowings of ₹789 crore against total equity of ₹815 crore. A year earlier, on 31 March 2025, it was 0.80.
N R Agarwal Industries' net worth — shareholders' equity in its consolidated balance sheet — was ₹815 crore on 31 March 2026, up 5.3% from ₹775 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹1,168 crore at the previous close.
Promoters held 74.29% of N R Agarwal Industries on 30 September 2026, unchanged from the previous quarter and up 0.18 percentage points from 74.11% a year earlier, according to the shareholding pattern filed with NSE.
In FY26, N R Agarwal Industries' return on equity (ROE) was 5.5% and its return on capital employed (ROCE) was 7.2%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 2.3% and ROCE 3.3%.
N R Agarwal Industries' dividend yield is 0.29% at the previous close: dividends of ₹2 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹686.05. They were ₹2 on 25 August 2026.
On 30 September 2026, N R Agarwal Industries' shares were held by promoters 74.29%, foreign portfolio investors (FII/FPI) 0.34%, domestic institutions (DII) 0.07% and retail and other non-institutional investors 25.30%. Over the year, FII holding was down 0.05 percentage points from 0.39% and DII holding was up 0.03 percentage points from 0.04%.
In 2026, N R Agarwal Industries has declared one dividend: ₹2 with record date 26 August 2026 and ex-date 25 August 2026.
In FY26, N R Agarwal Industries generated ₹94.9 crore of cash from operations and spent ₹294 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of −₹199 crore. In FY25 it was ₹56.4 crore.
N R Agarwal Industries will announce its Q2 FY27 results (July–September 2026) on Tuesday, 3 November 2026, the date of the board meeting it has notified to the exchanges.
N R Agarwal Industries' latest results are for Q1 FY27 (April–June 2026), filed on 5 August 2026: consolidated net profit ₹35 crore, up 111.3% from ₹16.5 crore in Q1 FY26; revenue from operations ₹647 crore, up 43.1% year on year.
In FY26 (April 2025–March 2026), N R Agarwal Industries' consolidated net profit was ₹43.7 crore, up 147.6% from ₹17.7 crore in FY25, on revenue from operations of ₹2,145 crore (up 29.3%). Over three years, from FY23, net profit was down 56.0%.
In FY26, N R Agarwal Industries earned net profit of ₹43.7 crore on revenue of ₹2,145 crore, against ₹93.6 crore on ₹808 crore for Pudumjee Paper Products. N R Agarwal Industries' operating margin was 4.9% (Pudumjee Paper Products 13.4%) and its return on equity 5.5% (Pudumjee Paper Products 15.0%).
On FY26 consolidated figures, against Pudumjee Paper Products, Tamil Nadu Newsprint & Papers and Kuantum Papers: N R Agarwal Industries' operating margin of 4.9% is the third highest of the four (Pudumjee Paper Products 13.4%, Tamil Nadu Newsprint & Papers 3.6%, Kuantum Papers 8.8%; peer average 8.6%); its return on equity of 5.5% is the third highest of the four (Pudumjee Paper Products 15.0%, Tamil Nadu Newsprint & Papers 11.3%, Kuantum Papers 3.4%; peer average 9.9%); its revenue growth over three years of 6.7% a year is the highest of the four (Pudumjee Paper Products 2.1% a year, Tamil Nadu Newsprint & Papers −3.6% a year, Kuantum Papers −5.8% a year; peer average −2.4% a year).
From N R Agarwal Industries' own consolidated results, balance sheets and shareholding patterns filed with NSE. Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.