List Of Best Paper Stocks in India 2026

Are you thinking about investing in India’s rapidly growing paper sector? The beginning of 2025 has been fantastic for the paper industry, with high demand for both packaging and sustainable paper products.

If you are interested in the paper industry and want to invest a chunk of your capital and diversify your portfolio, this blog will help you explore the top paper stocks in India and will guide you in understanding the market further. 

Overview of The Paper Industry

The best paper stocks in India are typically those with long operating histories, strong balance sheets, and consistent capacity expansion. The industry has transformed from traditional mills into modern, technology-driven and eco-friendly operations focused increasingly on packaging and specialty paper. As of 2025, India’s paper and packaging market is valued at over ₹1.5 lakh crore, with packaging paper and board forming the largest share of demand.

Domestic production stands near 24 million tonnes annually, while overall consumption continues to grow at around 6–7% per year. Rising e-commerce, FMCG demand, urbanisation, and sustainability initiatives are driving expansion. Government support for domestic manufacturing and recycling further strengthens long-term sector prospects. 

Top Paper Stocks in India Based on Market Capitalization

The best paper stocks based on market capitalization in 2025 are:

Company	Market Capitalization (In crores)	Share Prices (In INR)	52 Week High Price (In INR)	52-Week Low Price(In INR)
JK Paper Ltd.	5742	342	276	445
West Coast Paper Mills Ltd.	2825	430	380	583
Seshasayee Paper and Boards Ltd.	1744	280	211	318
Andhra Paper Ltd.	1352	69	61.16	90
Tamil Nadu Newsprint and Papers Ltd.	969	143	115	191
Kuantum Papers Ltd	807	92	83	135
Orient Paper & Industries Ltd.	418	19.78	19.11	31.50

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Best Paper Stocks In India 2026 – An Overview

The best paper stocks in India are given below, along with a brief overview:

1. JK Papers Ltd.

In 1962, JK Papers Ltd was established as one of the key players in the paper industry in India. The business model of the company ranges from integrated pulp and paper mills to the finer production of paper. The product basket consists of office papers, packaging boards, and coated papers that cater to market segments such as educational publishing, corporate requirements, and packaging. JK Papers Ltd. has been involved in the Agro-Farm Forestry Initiative and has planted 123 crore saplings till now.

Know the Returns:

1Y Return (%)	3Y Return (%)	5Y Return (%)
9.03%	-13.31%	140.47%

2. West Coast Paper Mills Ltd

Western India Paper Mills Limited, set up in 1955, is a prominent paper manufacturing company in India. The company’s plant in Dandeli, Karnataka, manufactures products, including office, publication, and packaging paper. The company operates according to its guiding principles to promote sustainable, eco-friendly manufacturing and efficient utilization of resources. The company makes a range of high-quality paper products that are used in publishing, packaging, and writing, confirming its presence across an assortment of industrial sectors with a high level of innovation and environmental awareness.

Know the Returns:

1Y Return (%)	3Y Return (%)	5Y Return (%)
-7.32%	-15.07%	106.71%

3. Seshasayee Paper and Boards Ltd.

Seshasayee Paper and Boards Limited (SPB) is a leading paper manufacturer in India that has a portfolio of a wide range of paper products, including printing, writing, and packaging paper. The business model of SPB is based on an emphasis on sustainability, using renewable resources and advanced technology to implement environmentally friendly business practices. The paper manufacturing company caters to industries such as publishing, packaging, and education and is committed to high quality through innovation.

Know the Returns:

1Y Return (%)	3Y Return (%)	5Y Return (%)
0.40%	7.45%	89.41%

5. Andhra Paper Ltd.

Established in 1964, Andhra Paper Ltd. is a prominent Indian paper producer. The company manufactures several paper types, namely writing, printing, and copier papers. With great emphasis on sustainability, Andhra Paper Ltd. strategically incorporates sustainable practices into its operations. The company has developed a business model grounded in quality and innovation to meet varied customer needs. The company offers different products, including premium printing paper products, specialty paper products, and office documentation solutions.

Know the Returns:

1Y Return (%)	3Y Return (%)	5Y Return (%)
-11.26%	-21.85%	45.93%

6. Tamil Nadu Newsprint and Papers Ltd. (TNPL)

Founded in 1979, Tamil Nadu Newsprint and Papers Ltd. (TNPL) is an initiative of the Government of Tamil Nadu. The company exclusively manufactures eco-friendly paper and utilizes bagasse – a sugarcane byproduct for making the paper. TNPL also manages an integrated pulp and paper mill in Karur and a packaging board plant in Trichy. Considering TNPL’s sustainability model of paper production, they mainly concentrate on research and development of green paper and related products. Their sustainable practices include the production of eco-friendly paper, sustainable packaging boards, and renewable energy solutions.

Know the Returns:

1Y Return (%)	3Y Return (%)	5Y Return (%)
1.42%	-37.09%	-37.09%

6. Kuantum Papers Ltd.

Kuantum Papers Ltd is an India-based paper manufacturer engaged in producing agro and wood-based writing, printing, copier, and specialty papers. Established in 1980, it operates a fully integrated manufacturing facility in Punjab, combining pulping, paper making, and finishing processes. The company emphasizes sustainable sourcing, energy efficiency, and water conservation while serving domestic and export markets. With a focus on quality, innovation, and operational efficiency, it caters to publishers, corporates, and educational institutions across India and overseas.

Know the Returns:

1Y Return (%)	3Y Return (%)	5Y Return (%)
-12.96%	-27.54%	73.18%

6. Orient Paper & Industries Ltd.

Established in 1939, Orient Paper & Industries Ltd. is a significant player in the Indian paper industry. As it runs an integrated paper mill in Madhya Pradesh, the business has flourished, manufacturing a variety of paper types. The company principally manufactures high-quality writing, printing, and tissue papers. The company’s sustainable model emphasizes eco-friendly practices and consistently provides the benefit of reducing waste.  Orient Paper promises to deliver high-quality services and a diverse product line.

Know the Returns:

1Y Return (%)	3Y Return (%)	5Y Return (%)
-21.80%	-49.63%	-10.54%

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Key Performance Indicators of Paper Stocks

Stock Name	ROE (%)	ROCE (%)	Operating Profit Margin (%)	Net Profit Margin (%)
JK Paper Ltd.	7.66	8.79	10.48	6.13
West Coast Paper Mills Ltd.	8.91	10.43	11.85	8.26
Seshasayee Paper and Boards Ltd.	5.49	6.24	7.67	5.86
Andhra Paper Ltd.	4.58	6.23	8.75	5.76
Tamil Nadu Newsprint and Papers Ltd.	0.17	6.51	4.93	0.08
Kuantum Papers Ltd	9.49	10.90	17.58	10.40
Orient Paper & Industries Ltd.	-3.56	-2.91	-6.29	-6.10

Benefits Of Investing In Paper Stocks

The benefits of investing in paper stocks are:

• Stable Demand: Paper industry products have a constant demand in the market because paper products are required for packaging,  printing, and educational purposes. 
• Sustainability: The inclusion of eco-friendly products has made them sustainable, and investors prefer such companies.
• Dividend Payment: Many paper industries have good financial results, which means they pay high dividends.
• Pricing Power in Specialty Segments: Companies focused on specialty paper, packaging boards, or premium products often enjoy better pricing power and higher margins compared to commoditized segments.

Factors To Consider Before Investing In Paper Stocks

An investor must consider the following factors before investing in paper stocks:

• Market Demand: The outlook of the paper products market needs to be assessed globally. Rapid digitalization can reduce paper usage, which can cause a decline in the stock performance of paper stocks.
• Environmental Regulations: Investors must understand the environmental regulations as strict regulations can raise production costs and reduce profitability for the company.
• Company Financial Health: One has to look at the financial statements and the profit margins. A strong balance sheet and stable earnings are essential for long-term profitability.
• Cyclicality of the Industry: The paper sector is cyclical and linked to economic activity. During slowdowns, demand for packaging and printing paper may weaken, affecting revenue and profitability.

Future Of Paper Industry

The future of the paper industry depends on the following factors:

• Sustainability Focus: The paper industry will likely focus more on environmental awareness, including green initiatives such as recycling and sustainable forestry.
• Innovative Products: To be more specific, companies are likely to modify the already established methods to manufacture crafting and special papers for different uses.
• Emerging Markets: One of the things that you can consider is the fact that the development of certain countries will create a demand for paper for packaging and even for educational purposes.
• Technological Advancements: Automation, AI-driven quality control, and energy-efficient production processes are likely to improve productivity, reduce wastage, and enhance margins.

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Conclusion

Paper stocks are stocks of companies that manufacture and sell paper products. Some major characteristics of the paper industry are stable demand, sustainable practices, and growth potential. Some of the major advantages of investing in paper stocks are stable dividends, diversification, and inflation hedging. You should consider company fundamentals, market share, and prospects for growth while choosing the best paper stock to invest in. However, it is advised to consult a financial advisor before investing.

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