.

follow-on-google-news

Small Cap stock engaged in the business of manufacturing, supplying, and marketing paper, pulp, and associated products jumped upto 10 percent in the day’s trade upon announcing the record date for the split of equity shares. 

Price Action 

With a market capitalization of Rs. 2,212 Crores, the shares of Andhra Paper Limited were trading at Rs. 556.25 per equity share, up 5 percent from its previous day’s close price of Rs. 530.40. It has delivered a return of 30 percent in a year. 

What Happened 

The Board of Directors of Andhra Paper Limited has considered and approved the sub-division/split of equity shares of the company in the ratio of 1:5 where one equity share of the company with a face of Rs. 10 will be split into 5 shares with a face value of Rs. 2, held by the shareholders of the company as on the record date i.e., September 11, 2024. 

Also read

About the Company 

Andhra Paper Limited is engaged in the business of manufacturing, supplying, and marketing paper, pulp, & paper boards, writing & printing paper, copiers, and a wide range of specialty paper used in a diverse range of applications such as photos, batteries, cups, charts, and other packing solutions. 

It has a distribution network of 53 dealers and 7 zonal offices in India and exports to over 11 countries. It has a production capacity of 255,550 TPA for Paper and 200,000 TPA for Virgin Pulp, with 18 categories and 42 products 

Its signature brands, include Primavera, Primavera White, Truprint Ivory, CCS, Truprint Ultra, Star white, Deluxe Maplitho (RS), Sapphire Star, Skytone, and Write Choice. 

Financials and Ratios 

Its Revenue from operations declined by 33.86 percent from Rs. 478 Crores in Q1FY24 to Rs. 316 Crores in Q1FY25, accompanied by profits of Rs. 119 Crores to Rs. 28 Crores. 

In terms of Return ratios, it has reported a return on equity (ROE) of 19.1 percent, and a return on capital employed (ROCE) of 24.7 percent. It has reported a debt-to-equity ratio of 0.06. 

Written by: Bharath K.S

Also read

Disclaimer

The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

×