Paper mills in numbers

Dibyajyoti Sarma looks at the public limited paper mills in India and figures out their latest financial health.

17 Nov 2014 | By Dibyajyoti Sarma

Ballarpur Industries
Among its seven manufacturing facilities, six are in India and one in Malaysia. Bilt Paper PLC is focused on the manufacture of bulk coated and uncoated paper and viscous grade fibre while the rest focus on the manufacture of copier paper, specialty paper and tissue paper and retail and OSSB. Members of the Avantha Group own 49.42% of the issued share capital of Ballarpur, which is listed on the Bombay and National Stock Exchanges in India.

The current market capitalisation stands at Rs 1,137.33 crore. The company has reported a consolidated sales of Rs 1,205.41 crore and a net profit of Rs 0.41 crore for the quarter ended September 2014.

Tamil Nadu Newsprint and Papers
Established by the state, TNPL started production in 1984, with bagasse as raw material, with an initial capacity of 90,000 tpa. Now, the company has a capacity of 4,00,000  tpa. TNPL exports about 1/5th of its production to more than 50 countries. The paper is eco- friendly as the pulp is manufactured out of renewable raw material and is subjected to elemental chlorine-free bleaching.

The current market capitalisation stands at Rs 962.72 crore. The company has reported a standalone sales of Rs 463.34 crore and a net profit of Rs 33.51 crore for the quarter ended September 2014.

West Coast Paper Mills
WCPM operates six versatile machines with an installed capacity of 3,20,000 tpa. The company has adapted to latest technology, with the installation of 500 TPD Voith Paper Machine and Bielomatik, an online cut-pack converting line. The product-line features well-established brands of commercial to premium grades of paper and boards ranging from 54 to 600 gsm.

The current market capitalisation stands at Rs 422.71 crore. The company has reported a standalone sales of Rs 431.04 crore and a net profit of Rs 6.98 crore for the quarter ended September 2014.

Rainbow Papers
Started with a creping and dyeing unit in 1981, Rainbow Papers, now with two new units, produces 186 different varieties of paper, catering to the diverse segments in India as well the overseas market. One of the fastest growing corporations in the industry, RPL exports to countries like the US, Middle East, South Africa, South East Asia and the UK. Their products range from duplex to file board, writing paper, art card packaging, electric grade crepe to decorative tissues crepe.

The current market capitalisation stands at Rs 819.47 crore. The company has reported a consolidated sales of Rs 287.38 crore and a net profit of Rs 20.92 crore for the quarter ended June 2014.

International Paper APPM
Established in 1964, International Paper APPM produces writing, printing and copier papers for foreign and domestic markets. Facilities at Rajahmundry and Kadiyam have a total production capacity of 240,000 tpa. In 2011, The Andhra Pradesh Paper Mills was acquired by International Paper (IP), a $30 billion American pulp and paper company founded in 1898. In the first significant domestic acquisition by a foreign paper company, IP bought 75% stake.

The current market capitalisation stands at Rs 1,197.08 crore. The company has reported a standalone sales of Rs 282.66 crore and a net profit of Rs 4.17 crore for the quarter ended June 2014.

Seshasayee Paper and Boards
SPB operates an integrated pulp, paper and paper board Mill at Pallipalayam in Tamil Nadu. Incorporated in 1960, promoted by Seshasayee Brothers, the company embarked on an modernisation project to enhance its production capacity from 60,000 tpa, to 1,15,000 tpa and to upgrade some of the existing facilities, at an estimated cost of Rs 1,890 million. It was completed in December 2000. The current installed capacity stands at 1,15,000 tpa. SPB exports nearly 20% of its production.

The current market capitalisation stands at Rs 302.73 crore. The company has reported a standalone sales of Rs 227.65 crore and a net profit of Rs 6.87 crore for the quarter ended September 2014.

JK Paper
JK Paper has a combined production capacity of 4,55,000 tpa. It operates two integrated pulp and paper mills in India: JK Paper Mills in Rayagada, Orissa and Central Pulp Mills in Songadh, Gujarat. The company is the market leader in office paper and among the top two players in coated and high end packaging board. It exports high value branded products and packaging boards in the Middle East, South East Asia, SAARC and various African countries.

The current market capitalisation stands at Rs 430.35 crore. The company has reported a standalone sales of Rs 531.42 crore and a net loss of Rs -19.68 crore for the quarter ended Sep 2014.

NR Agarwal Industries
It is one of the largest coated duplex board and newsprint manufacturing group, with its corporate office at Mumbai and four manufacturing units in Vapi, Gujarat. The combined manufacturing capacity of coated duplex boards today is 130,000 MT per annum and that of newsprint, 40,000 MT PA. Total manpower, including technical and commercial personnel, handling activities of the company is 1,500. It exports to countries like Sri Lanka, Bangladesh, Philippines, Egypt, East Africa and Gulf Countries. It manufactures five different qualities of newsprint.

The current market capitalisation stands at Rs 38.55 crore. The company has reported a standalone sales of Rs 161.94 crore and a net loss of Rs -14.71 crore for the quarter ended September 2014.

Murli Industries
Headquartered in Wardhaman Nagar, Nagpur, the company had originally launched its operations with a solvent extraction plant. It went public in 1993, which prompted it to diversify into paper and set up a plant in 1997.  The commissioning of two captive co-generation power units with combined capacity of 18 MW saw a turnaround in company’s fortunes. It produces duplex, newsprint & printing paper, cream wove, map litho paper, copier, etc.

The current market capitalisation stands at Rs 53.50 crore. The company has reported a standalone sales of Rs 53.37 crore and a net loss of Rs -50.63 crore for the quarter ended June 2014.

Emami Paper
Emami Paper is a part of the Emami Group which possesses diverse business interests in FMCG, edible oil, paper, writing instruments, healthcare, retail departmental stores and real estate. The company specialises in the manufacture of newsprint and writing and printing paper, and enjoys the position of being the largest manufacturer of newsprint in India, and the only manufacturer in eastern India.

The current market capitalisation stands at Rs 273.76 crore. The company has reported a standalone sales of Rs 132.17 crore and a net profit of Rs 3.81 crore for the quarter ended September 2014.

Century Pulp and Paper
CPP is a producer of writing and printing paper, and a leading manufacturer of tissue and board, as well as Rayon Grade Pulp (RGP) products. A division of Century Textile and Industries, CPP has achieved significant efficiencies in various disciplines, all within a short time. Located at the foothills of the Himalayas in Lalkua, Nainital, the company is a committed employer of the local community.

The current market capitalisation of Century, which is in the diversified sector, stands at Rs 5,429.68 crore. The company has reported a standalone sales of Rs 1,642.90 crore and a net profit of Rs 0.77 crore for the quarter ended September 2014.

Magnum Ventures
Magnum Ventures, formerly known as Magnum Papers, was incorporated in 1980 and taken over in 1984 under the leadership of Salek Chand Jain, along with Vinod Jain, Parmod Jain and Pradeep Jain. Located in at Sahibabad in Delhi-NCR, the mill has now transformed into one of the largest paper manufacturing mill of Northern India with installed capacity of 85000 tpa. This includes equal quantity of cream wove paper, maplitho, copier, and coated duplex board.

The current market capitalisation stands at Rs 14.29 crore. The company has reported a standalone sales of Rs 56.51 crore and a net loss of Rs -9.23 crore for the quarter ended September 2014.

Pudumjee Pulp
Pudumjee Pulp & Paper Mills Limited is a Pune-based company engaged in the manufacture and sale of specialty papers and is the flagship company of the M P Jatia Group of Companies. Beginning with manufacture the country’s first indigenous greaseproof and glassine papers for packaging, the company went on to extend its range of papers to include security papers such as MICR paper, sensitised paper, postal stamp, impressed stamp, passport and excise banderoll, laminating base, silicone-base paper, wax match paper, packaging papers of various kinds and types, tissue papers, etc. catering to wide range of industrial applications specially manufactured to meet customers specific requirements.

The current market capitalisation stands at Rs 65.60 crore. The company has reported a standalone sales of Rs 70.49 crore and a net profit of Rs 1.80 crore for the quarter ended September 2014.

Ruchira Papers
Ruchira Papers was incorporated on December 8, 1980 as a public limited company under the Companies Act, 1956. The company came into production in 1981. Headquartered in Sirmaur, Himachal Pradesh, the company produces range of writing and printing papers and range of Kraft paper.

The current market capitalisation stands at Rs 56.17 crore. The company has reported a standalone sales of Rs 82.95 crore and a net profit of Rs 3.26 crore for the quarter ended June 2014.

Servalakshmi
Headquartered at Coimbatore in Tamil Nadu, the group pioneered the manufacture of entire range of paper machineries and its parts. With decades of experience and expertise, the group has grown exponentially as result of its inherent quest for excellence in quality, design and engineering.

The current market capitalisation stands at Rs 14.40 crore. The company has reported a standalone sales of Rs 41.99 crore and a net loss of Rs -16.02 crore for the quarter ended Sep 2014.

Shreyans Ind
The company was incorporated in 1979, as Shreyans Paper Mills, which was later changed to Shreyans Industries. It has two paper manufacturing units at Ahmedgarh and Banah in Punjab. Over the years a number of modernization and expansion schemes were undertaken and the present installed capacity of manufacturing writing and printing paper, from agro-based raw materials, is 37000 MTS per annum.

The current market capitalisation stands at Rs 46.93 crore. The company has reported a standalone sales of Rs 85.77 crore and a net profit of Rs 1.56 crore for the quarter ended Sep 2014.