With an 8.2% domestic consumption growth rate, India continues to have the most rapidly expanding paper market globally. Presently, the fifth-largest industry in India is packaging, with a CAGR of 26.7%. It is anticipated to achieve USD 204.81 billion by 2025.
The paper industry not only produces white sheet papers but also tissue and filter papers, coated medical grade papers, cardboard boxes and paperboards for packaging, etc.
Paper stocks might pave the way for participating in the growth story of the paper and packaging industry. Therefore, the blog explores the top-performing paper stocks based on market capitalisation.
Comparing paper stock prices
Based on market capitalisation as of 15th April 2025, the table below shows the paper stock prices.
| Name | Market Capitalisation ((₹ Crore) | P/E | 1 Year Return (%) | NPM Quarterly (%) |
| JK Paper Ltd. | 5483.52 | 8.99 | -9.79 | 4.00 |
| West Coast Paper Ltd. | 2920.06 | 7.56 | -27.52 | 6.64 |
| Seshasayee Paper & Boards Ltd. | 1683.28 | 12.75 | -16.25 | 3.67 |
| Andhra Paper Ltd. | 1480.44 | 12.37 | -27.72 | 3.02 |
| Pudumjee Paper Products Ltd. | 999.51 | 8.71 | 53.43 | 10.11 |
| Kuantum Papers Ltd. | 935.04 | 7.60 | -33.62 | 7.76 |
| Tamil Nadu Newsprint Papers Ltd. | 885.88 | 60.65 | -51.77 | -3.81 |
| Pakka Ltd. | 789.51 | 18.62 | -38.80 | 8.39 |
| Satia Industries Ltd. | 725.90 | 5.93 | -37.93 | 5.27 |
| Emami Paper Mills Ltd. | 550.56 | 11.15 | -21.33 | 0.37 |
10 top paper stocks in India
It is beneficial to explore the top companies in the paper industry before understanding the paper stock prices. It might aid the optimum analysis of the paper stocks before investing.
JK Paper Ltd.
The company provides 100% biodegradable and recyclable products through social farm forestry. Established in 1938, the company boasts on not “harming a single natural forest tree” for producing its products. JK Paper Ltd. has spread its operations to over 60 countries and maintains an expansive distribution network.
The table below compares the financial performance of this company for the December 2023 and December 2024 quarters.
| Particular | December 2023 (₹ Crore) | December 2024 (₹ Crore) | Change (%) |
| Revenue (Sales) | 1,706 | 1,632 | -4.34 |
| Operating Profit | 372 | 168 | -54.84 |
| Net Profit | 236 | 65 | -72.46 |
| EPS (₹) | 13.88 | 3.86 | -72.19 |
West Coast Paper Mills Ltd.
One of the earliest and biggest manufacturers of paper for writing, printing, and packaging in India is West Coast Paper Mills Limited. Located near Dandeli, Karnataka, it was established in 1955. The company’s worldwide-quality paper meets the demands of India’s numerous printing, writing, publishing, stationery, notebook, and packaging businesses while also advancing the country’s growth.
The table below compares the financial performance of this company for the December 2023 and December 2024 quarters.
| Particular | December 2023 (₹ Crore) | December 2024 (₹ Crore) | Change (%) |
| Revenue (Sales) | 1,045 | 1,016 | -2.78 |
| Operating Profit | 218 | 83 | -61.92 |
| Net Profit | 159 | 67 | -57.86 |
| EPS (₹) | 20.58 | 9.72 | -52.77 |
Seshasayee Paper & Boards Ltd.
Established in June 1960, the company belongs to the SPB-ESVIN Group. Headquartered in Chennai, the Seshasayee Paper and Boards Limited – Esvin group is known by the abbreviation itself. There are two major operative locations of the company.
- In Pallipalayam of the Namakkal district, Tamilnadu, the company maintains an integrated pulp, paper, and paperboard mill.
- Established in the Tirunelveli District of Tamil Nadu, the company maintains a paper mill.
The table below compares the financial performance of this company for the December 2023 and December 2024 quarters.
| Particular | December 2023 (₹ Crore) | December 2024 (₹ Crore) | Change (%) |
| Revenue (Sales) | 473 | 431 | -8.88 |
| Operating Profit | 88 | 8 | -90.91 |
| Net Profit | 66 | 16 | -75.76 |
| EPS (₹) | 10.42 | 2.51 | -75.91 |
Andhra Paper Ltd.
One of the major paper stocks in India, this corporation was incorporated in 1964. However, initially, it was incorporated as the Andhra Pradesh Paper Mills. The company got its current name in 2020. In October 2011, International Paper acquired a 75% stake in the company for USD 28 billion.
The table below compares the financial performance of this company for the December 2023 and December 2024 quarters.
| Particular | December 2023 (₹ Crore) | December 2024 (₹ Crore) | Change (%) |
| Revenue (Sales) | 477 | 386 | -19.08 |
| Operating Profit | 110 | 28 | -74.55 |
| Net Profit | 82 | 12 | -85.37 |
| EPS (₹) | 4.15 | 0.59 | -85.78 |
Pudumjee Paper Products Ltd.
Incorporated on 14th January 2015, the company specialises in the speciality paper Business. With effect from April 1, 2014, the Hon’ble Bombay High Court’s ruling allocated the paper production and hygiene product activities of many corporations to Pudumjee Paper Products Limited. Two cutting-edge four-drinier specialty paper machines make up the 72,000 MT annual manufacturing capacity of the company.
The table below compares the financial performance of this company for the December 2023 and December 2024 quarters.
| Particular | December 2023 (₹ Crore) | December 2024 (₹ Crore) | Change (%) |
| Revenue (Sales) | 204 | 194 | -4.90 |
| Operating Profit | 44 | 26 | -40.91 |
| Net Profit | 32 | 20 | -37.5 |
| EPS (₹) | 3.36 | 2.06 | -38.69 |
Kuantum Papers Ltd.
One of the most important paper stocks based on market capitalisation, Kuantum Papers Ltd., was established in 1980. The company enjoys a 259-acre production plant and a strategic location at the Shivalik foothills that gives it an ample supply of raw materials. It has established its market in over 30 countries. Additionally, it remains steadfast in its dedication to environmental issues.
The table below compares the financial performance of this company for the December 2023 and December 2024 quarters.
| Particular | December 2023 (₹ Crore) | December 2024 (₹ Crore) | Change (%) |
| Revenue (Sales) | 301 | 270 | -10.30 |
| Operating Profit | 79 | 50 | -36.71 |
| Net Profit | 42 | 21 | -50 |
| EPS (₹) | 4.83 | 2.40 | -50.31 |
Tamil Nadu Newsprint Papers Ltd.
This prime paper stock has set a hefty target of producing 1 million tonnes of paper per annum by 2030. The TNPL has maintained its footprint across 60+ countries. It also enjoys 4,00,000 tons per annum mill capacity and 2,00,000 tons per annum packaging board mill capacity. The company continues its strong commitment to environmental concerns.
The table below compares the financial performance of this company for the December 2023 and December 2024 quarters.
| Particular | December 2023 (₹ Crore) | December 2024 (₹ Crore) | Change (%) |
| Revenue (Sales) | 1,241 | 1,126 | -9.27 |
| Operating Profit | 137 | 55 | -59.85 |
| Net Profit | 16 | -43 | -368.75 |
| EPS (₹) | 2.34 | -6.20 | -364.96 |
Also read: List of Top Breweries & Distilleries Stocks in India 2025
Pakka Ltd.
This prime packaging and paper stock maintains a heavy emphasis on environmental issues and sustainability. The company utilises agricultural residue as raw materials and uses local sources. The company maintains a prominent clientele like Haldirams, Cafe Coffee Day, KFC, Google, PVR and many more. Pakka has spread its operations to USA as well.
The table below compares the financial performance of this company for the December 2023 and December 2024 quarters.
| Particular | December 2023 (₹ Crore) | December 2024 (₹ Crore) | Change (%) |
| Revenue (Sales) | 99.34 | 106.01 | 6.71 |
| Operating Profit | 18.29 | 15.16 | -17.11 |
| Net Profit | 9.90 | 8.89 | -10.20 |
| EPS (₹) | 2.53 | 1.98 | -21.73 |
Satia Industries Ltd.
One of the prime paper stocks in India, this company is the largest wood and agro-based paper plant. The company produces paper using sarkanda, wood chips, wheat straw, veneer waste and so on. SIL is exploring a new segment of Virgin-based fibre cups. It has a 20% p.a. growth rate.
The table below compares the financial performance of this company for the December 2023 and December 2024 quarters.
| Particular | December 2023 (₹ Crore) | December 2024 (₹ Crore) | Change (%) |
| Revenue (Sales) | 436 | 376 | -13.76 |
| Operating Profit | 92 | 53 | -42.39 |
| Net Profit | 40 | 20 | -50 |
| EPS (₹) | 3.96 | 1.98 | -50 |
Also read: Top Medical Stocks to Invest in India for 2025
Emami Paper Mills Ltd.
One of the prime paper stocks in India, this company operates primarily from Balasore in Odisha and Dakshineshwar in West Bengal. With a capacity of 1,50,000 tons per year, the firm is the largest newsprint maker in India. 10-15% of its recycled paperboard is shipped to foreign markets.
The table below compares the financial performance of this company for the December 2023 and December 2024 quarters.
| Particular | December 2023 (₹ Crore) | December 2024 (₹ Crore) | Change (%) |
| Revenue (Sales) | 515.26 | 454.31 | -11.83 |
| Operating Profit | 81.44 | 29.19 | -64.16 |
| Net Profit | 39.37 | 1.70 | -95.68 |
| EPS (₹) | 6.51 | 0.28 | -95.69 |
Bottomline
The government and the global community place significant emphasis on sustainability and environmental issues. The Indian government has laid out multiple provisions for the conservation of nature and its agents. Therefore, the performance of the major paper stocks relies to a great extent on the innovative and conservational measures taken by the companies. The paper and packaging industry is on a tremendous growth trajectory. Therefore, the paper companies are deploying various innovative and high-tech measures to make the most of this growth story. Optimal investment in paper stocks might enable retail investors to make the best of this growth story.
Also read: List of Top Containers & Packaging Stocks in India 2025
FAQs
- Which paper stock is good?
JK Paper Ltd. holds the highest share of the Indian paper industry based on market capitalisation as of 15th April 2025. Other top performers include West Coast Paper Mills Ltd., Seshasayee Paper & Boards Ltd., Andhra Paper Ltd., etc. Sustainability and environmental concerns are major concerns of the globe today. Companies investing in these domains might be a very important consideration.
- Which stock is best for 2025?
It can be too speculative to pinpoint a specific share. Uncertainty and swings are common in the stock market. Meanwhile, because of their strong ties to the future, stocks in sectors like IT, EVs, and sustainability may continue to rise. Since these sectors address future issues, it is anticipated that these businesses will have a significant impact in the years to come. Due to their focus on the future, some of these even receive a lot of government assistance.
- What is the future of the paper industry in India?
The paper industry in India is on a tremendous growth trajectory. India continues to be the world’s fastest-growing paper market, with a growth rate of 8.2% for domestic consumption. With a compound annual growth rate of 26.7%, packaging is currently the fifth-largest industry in the Indian economy. By 2025, it is anticipated to reach USD 204.81 billion.
- Who is the largest paper producer in India?
Based on market capitalisation as of 15th April 2025, JK Paper Mills tops the ten best paper stock list. Through social farm forestry, the firm offers products that are 100% recyclable and biodegradable. J.K. Paper Ltd. has a vast distribution network and has expanded its operations to more than 60 nations. Within 200 kilometres of the plant locations, it has improved the amount of greenery.
- Which city is famous for paper in India?
The Nepa Mills Limited newsprint paper mill is the most well-known feature of Nepanagar, an industrial township in Madhya Pradesh’s Burhanpur district. This mill, which was the first in Asia, continues to play a significant role in the paper industry in India. India’s top two paper-producing states are Maharashtra and Andhra Pradesh. West Bengal is the nation’s third-largest paper producer.
