Star Paper Mills Ltd

NSE: STARPAPER BSE: 516022

₹157.80

(6.99%)

Tue, 13 Oct 2026, 01:19 pm

MTF 5xInvest in Star Paper Mills Ltd with 5x Leverage Buy with MTF

Market Cap (in Cr)238.65

PE Ratio7.96

Dividend1.64

Process Industries

Pulp & Paper

24.5K

Star Paper Mills Balance Sheet

Income Statement Balance Sheet Cashflow

Particulars	2004	2005	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Interest expense on debt	-75.53M	-59.10M	-77.00M	-66.79M	-32.01M	-18.45M	-31.53M	-40.60M	-45.73M	-44.09M	-25.52M	-12.74M	-10.49M	-6.51M	-6.48M	-5.80M	-4.74M	-5.59M	-8.38M	-9.64M
Pretax equity in earnings	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Equity in earnings	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total assets	2.28B	2.63B	2.67B	2.62B	2.41B	2.35B	2.04B	1.89B	1.74B	1.82B	2.02B	5.33B	5.94B	6.04B	6.36B	6.55B	6.76B	7.32B	7.91B	8.24B
Total current assets	905.38M	942.04M	848.52M	931.77M	666.83M	702.63M	491.43M	461.79M	363.78M	407.12M	636.53M	850.53M	1.23B	1.51B	1.83B	2.02B	2.25B	2.86B	3.31B	3.68B
Cash and short term investments	11.41M	13.39M	24.56M	11.36M	16.64M	11.18M	15.08M	17.75M	10.19M	60.43M	52.68M	381.61M	654.59M	869.18M	932.52M	1.17B	1.33B	1.73B	2.02B	2.19B
Cash & equivalents	11.41M	10.44M	22.54M	8.11M	9.48M	4.06M	3.34M	2.27M	10.19M	60.43M	42.41M	49.18M	28.69M	13.78M	116.61M	116.70M	107.92M	128.90M	188.51M	304.32M
Short term investments	0	2.95M	2.02M	3.25M	7.16M	7.12M	11.74M	15.48M	0	0	10.27M	332.43M	625.90M	855.40M	815.91M	1.05B	1.22B	1.60B	1.83B	1.88B
Total receivables, net	264.33M	238.11M	127.42M	156.51M	178.32M	196.27M	80.34M	155.46M	71.50M	65.89M	104.20M	72.34M	78.98M	82.83M	43.33M	12.68M	64.72M	76.99M	47.54M	67.36M
Accounts receivable - trade, net	63.80M	66.40M	75.21M	95.67M	106.64M	94.87M	70.25M	75.37M	70.53M	65.17M	103.07M	66.83M	75.29M	72.69M	35.99M	3.26M	60.10M	25.49M	39.05M	58.45M
Other receivables	200.53M	171.71M	52.21M	60.85M	71.68M	101.39M	10.09M	80.09M	966.00K	720.00K	1.13M	5.50M	3.69M	10.14M	7.34M	9.42M	4.61M	51.49M	8.50M	8.91M
Total inventory	319.90M	357.86M	365.26M	445.61M	297.78M	323.48M	286.93M	266.42M	255.14M	258.92M	300.99M	355.57M	482.65M	549.94M	848.52M	834.19M	840.17M	1.04B	1.23B	1.40B
Other current assets, total	66.63M	66.34M	28.12M	34.02M	34.66M	29.82M	101.14M	13.55M	20.60M	14.13M	25.93M	34.58M	6.46M	6.77M	6.41M	0	340.00K	1.78M	2.95M	5.54M
Total non-current assets	1.38B	1.69B	1.82B	1.69B	1.74B	1.65B	1.55B	1.43B	1.38B	1.42B	1.39B	4.48B	4.71B	4.53B	4.53B	4.53B	4.51B	4.46B	4.60B	4.55B
Long term investments	193.52M	210.72M	210.72M	210.72M	357.89M	357.89M	361.39M	373.79M	332.24M	335.74M	322.97M	141.77M	172.49M	180.16M	213.42M	213.46M	190.29M	181.56M	171.09M	153.63M
Note receivable - long term	—	—	—	—	—	—	3.50M	15.90M	9.27M	12.77M	—	—	—	—	23.13M	23.17M	—	—	—	—
Investments in unconsolidated subsidiaries	0	209.00M	209.00M	—	357.89M	357.89M	357.89M	357.89M	322.97M	322.97M	322.97M	138.27M	168.99M	0	0	0	0	0	0	0
Other investments	193.52M	1.72M	1.72M	210.72M	0	0	0	0	0	0	0	3.50M	3.50M	180.16M	190.29M	190.29M	190.29M	181.56M	171.09M	153.63M
Net property/plant/equipment	1.19B	1.43B	1.55B	1.42B	1.33B	1.24B	1.14B	1.02B	916.07M	863.82M	856.87M	4.07B	4.14B	4.15B	4.20B	4.21B	4.18B	4.17B	4.29B	4.26B
Gross property/plant/equipment	1.86B	2.19B	2.47B	2.51B	2.55B	2.57B	2.57B	2.57B	2.57B	2.58B	2.60B	4.11B	4.22B	4.26B	4.36B	4.42B	4.44B	4.48B	4.66B	4.69B
Deferred tax assets	—	50.91M	62.89M	52.57M	48.73M	49.31M	45.98M	28.00M	44.23M	119.83M	119.69M	189.77M	320.35M	126.97M	58.64M	49.92M	41.10M	37.02M	13.28M	11.02M
Net intangible assets	0	0	161.00K	129.00K	0	0	0	0	0	—	0	0	0	—	—	—	—	—	—	—
Goodwill, net	0	—	161.00K	129.00K	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other intangibles, net	0	—	0	0	0	0	0	0	0	—	0	0	0	—	—	—	—	—	—	—
Other long term assets, total	0	0	0	0	0	0	8.44M	214.00K	84.08M	98.10M	86.14M	73.41M	76.66M	74.02M	52.44M	57.55M	83.83M	61.04M	117.73M	129.25M
Short term debt	41.40M	152.41M	32.90M	169.86M	28.13M	151.45M	204.50M	200.18M	204.60M	136.92M	66.33M	42.48M	15.32M	14.07M	5.22M	5.42M	5.42M	1.36M	6.75M	6.75M
Current portion of LT debt and capital leases	—	—	—	107.00K	52.00K	12.00K	—	—	—	—	—	—	—	0	5.22M	5.42M	5.42M	1.36M	6.75M	6.75M
Short term debt excl. current portion of LT debt	41.40M	152.41M	32.90M	169.76M	28.08M	151.44M	204.50M	200.18M	204.60M	136.92M	66.33M	42.48M	15.32M	14.07M	0	0	0	0	0	0
Accounts payable	300.36M	272.72M	332.06M	440.18M	121.87M	173.32M	420.34M	509.91M	701.46M	705.17M	615.95M	428.71M	416.10M	394.24M	439.02M	450.66M	291.56M	303.88M	242.04M	212.15M
Income tax payable	198.74M	217.74M	244.24M	197.43M	144.11M	142.91M	—	—	723.00K	241.00K	156.55M	5.95M	27.82M	15.07M	10.00M	11.48M	16.49M	27.38M	0	16.68M
Long term debt	405.34M	492.70M	521.54M	180.76M	14.32M	454.00K	0	0	0	0	0	0	0	0	11.43M	6.47M	1.30M	0	43.30M	39.93M
Long term debt excl. lease liabilities	405.34M	492.70M	521.54M	177.58M	12.50M	454.00K	0	0	0	0	0	0	0	0	11.43M	6.47M	1.30M	0	43.30M	39.93M
Total equity	1.01B	1.07B	1.03B	1.16B	1.37B	1.26B	839.03M	543.53M	322.71M	470.62M	635.64M	3.53B	4.06B	4.55B	4.88B	5.02B	5.35B	5.94B	6.47B	6.81B
Shareholders' equity	1.01B	1.07B	1.03B	1.16B	1.37B	1.26B	839.03M	543.53M	322.71M	470.62M	635.64M	3.53B	4.06B	4.55B	4.88B	5.02B	5.35B	5.94B	6.47B	6.81B
Common equity, total	1.01B	1.07B	1.03B	1.16B	1.37B	1.26B	839.03M	543.53M	322.71M	470.62M	635.64M	3.53B	4.06B	4.55B	4.88B	5.02B	5.35B	5.94B	6.47B	6.81B
Other common equity	127.31M	465.24M	427.44M	553.35M	771.64M	661.06M	236.99M	-58.50M	141.03M	133.52M	133.52M	-87.33M	-60.47M	-52.70M	-14.91M	-5.57M	-5.57M	-13.65M	-44.30M	-61.76M
Total debt	446.75M	645.11M	554.44M	350.63M	42.45M	151.91M	204.50M	200.18M	204.60M	136.92M	66.33M	42.48M	15.32M	14.07M	16.65M	11.89M	6.72M	1.36M	50.05M	46.68M
Net debt	435.34M	631.72M	529.88M	339.27M	25.81M	140.73M	189.42M	182.43M	194.41M	76.49M	13.65M	-339.14M	-639.26M	-855.11M	-915.87M	-1.15B	-1.32B	-1.72B	-1.97B	-2.14B
Change in accounts receivable	-5.06M	11.34M	—	-42.77M	-15.02M	-13.19M	26.09M	8.43M	-20.70M	-19.59M	-33.73M	36.24M	-8.45M	2.60M	36.70M	32.73M	-56.84M	34.61M	-13.55M	-19.40M
Change in taxes payable	—	0	—	0	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Change in accounts payable	78.64M	-7.50M	—	88.97M	15.74M	44.43M	254.49M	192.40M	92.82M	6.99M	-120.03M	-134.09M	-51.45M	—	51.94M	63.39M	-68.45M	61.00M	31.24M	24.82M
Change in other assets/liabilities	0	0	—	0	0	—	—	—	0	—	0	-14.52M	13.84M	-133.66M	-2.13M	-31.49M	-58.72M	27.83M	12.32M	12.15M
Sale of fixed assets & businesses	6.92M	971.00K	—	10.90M	324.00K	649.00K	2.88M	304.00K	548.00K	2.23M	1.30M	425.00K	2.22M	1.11M	5.00K	64.00K	3.67M	1.33M	0	0
Purchase/sale of investments, net	0	-17.20M	—	0	0	0	0	0	7.13M	-538.00K	-1.38M	-321.97M	-265.58M	-238.90M	36.97M	-196.82M	-128.95M	-382.91M	-91.91M	75.56M
Sale/maturity of investments	0	0	—	0	0	0	0	0	7.13M	0	0	3.63M	0	0	56.71M	0	31.05M	678.85M	1.32B	1.35B
Purchase of investments	0	-17.20M	—	0	0	0	0	0	0	-538.00K	-1.38M	-325.60M	-265.58M	-238.90M	-19.75M	-196.82M	-160.00M	-1.06B	-1.41B	-1.28B
Other investing cash flow items, total	0	0	—	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance/retirement of debt, net	-129.92M	206.91M	—	-202.93M	-302.57M	109.70M	52.60M	-4.32M	4.42M	-67.68M	-70.59M	-23.85M	-27.15M	-1.25M	-14.07M	0	0	0	0	0
Issuance/retirement of long term debt	-106.45M	88.40M	—	-340.78M	-166.44M	-13.86M	-454.00K	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance/retirement of short term debt	-23.47M	118.51M	—	137.86M	-136.13M	123.56M	53.05M	-4.32M	4.42M	-67.68M	-70.59M	-23.85M	-27.15M	-1.25M	-14.07M	0	0	0	0	0
Issuance/retirement of other debt	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total cash dividends paid	-26.05M	-30.76M	—	-31.82M	-23.45M	-12.22M	-7.80M	0	0	0	0	0	0	-47.28M	-47.28M	-39.02M	-39.02M	-54.07M	-77.47M	-62.38M
Other financing cash flow items, total	0	0	—	-21.72M	-2.53M	-1.16M	-3.55M	-1.95M	-390.00K	-68.00K	0	0	0	0	0	0	0	0	0	0

Particulars	2004	2005	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Interest expense on debt	-75.53M	-59.10M	-77.00M	-66.79M	-32.01M	-18.45M	-31.53M	-40.60M	-45.73M	-44.09M	-25.52M	-12.74M	-10.49M	-6.51M	-6.48M	-5.80M	-4.74M	-5.59M	-8.38M	-9.64M
Pretax equity in earnings	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Equity in earnings	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total assets	2.28B	2.63B	2.67B	2.62B	2.41B	2.35B	2.04B	1.89B	1.74B	1.82B	2.02B	5.33B	5.94B	6.04B	6.36B	6.55B	6.76B	7.32B	7.91B	8.24B
Total current assets	905.38M	942.04M	848.52M	931.77M	666.83M	702.63M	491.43M	461.79M	363.78M	407.12M	636.53M	850.53M	1.23B	1.51B	1.83B	2.02B	2.25B	2.86B	3.31B	3.68B
Cash and short term investments	11.41M	13.39M	24.56M	11.36M	16.64M	11.18M	15.08M	17.75M	10.19M	60.43M	52.68M	381.61M	654.59M	869.18M	932.52M	1.17B	1.33B	1.73B	2.02B	2.19B
Cash & equivalents	11.41M	10.44M	22.54M	8.11M	9.48M	4.06M	3.34M	2.27M	10.19M	60.43M	42.41M	49.18M	28.69M	13.78M	116.61M	116.70M	107.92M	128.90M	188.51M	304.32M
Short term investments	0	2.95M	2.02M	3.25M	7.16M	7.12M	11.74M	15.48M	0	0	10.27M	332.43M	625.90M	855.40M	815.91M	1.05B	1.22B	1.60B	1.83B	1.88B
Total receivables, net	264.33M	238.11M	127.42M	156.51M	178.32M	196.27M	80.34M	155.46M	71.50M	65.89M	104.20M	72.34M	78.98M	82.83M	43.33M	12.68M	64.72M	76.99M	47.54M	67.36M
Accounts receivable - trade, net	63.80M	66.40M	75.21M	95.67M	106.64M	94.87M	70.25M	75.37M	70.53M	65.17M	103.07M	66.83M	75.29M	72.69M	35.99M	3.26M	60.10M	25.49M	39.05M	58.45M
Other receivables	200.53M	171.71M	52.21M	60.85M	71.68M	101.39M	10.09M	80.09M	966.00K	720.00K	1.13M	5.50M	3.69M	10.14M	7.34M	9.42M	4.61M	51.49M	8.50M	8.91M
Total inventory	319.90M	357.86M	365.26M	445.61M	297.78M	323.48M	286.93M	266.42M	255.14M	258.92M	300.99M	355.57M	482.65M	549.94M	848.52M	834.19M	840.17M	1.04B	1.23B	1.40B
Other current assets, total	66.63M	66.34M	28.12M	34.02M	34.66M	29.82M	101.14M	13.55M	20.60M	14.13M	25.93M	34.58M	6.46M	6.77M	6.41M	0	340.00K	1.78M	2.95M	5.54M
Total non-current assets	1.38B	1.69B	1.82B	1.69B	1.74B	1.65B	1.55B	1.43B	1.38B	1.42B	1.39B	4.48B	4.71B	4.53B	4.53B	4.53B	4.51B	4.46B	4.60B	4.55B
Long term investments	193.52M	210.72M	210.72M	210.72M	357.89M	357.89M	361.39M	373.79M	332.24M	335.74M	322.97M	141.77M	172.49M	180.16M	213.42M	213.46M	190.29M	181.56M	171.09M	153.63M
Note receivable - long term	—	—	—	—	—	—	3.50M	15.90M	9.27M	12.77M	—	—	—	—	23.13M	23.17M	—	—	—	—
Investments in unconsolidated subsidiaries	0	209.00M	209.00M	—	357.89M	357.89M	357.89M	357.89M	322.97M	322.97M	322.97M	138.27M	168.99M	0	0	0	0	0	0	0
Other investments	193.52M	1.72M	1.72M	210.72M	0	0	0	0	0	0	0	3.50M	3.50M	180.16M	190.29M	190.29M	190.29M	181.56M	171.09M	153.63M
Net property/plant/equipment	1.19B	1.43B	1.55B	1.42B	1.33B	1.24B	1.14B	1.02B	916.07M	863.82M	856.87M	4.07B	4.14B	4.15B	4.20B	4.21B	4.18B	4.17B	4.29B	4.26B
Gross property/plant/equipment	1.86B	2.19B	2.47B	2.51B	2.55B	2.57B	2.57B	2.57B	2.57B	2.58B	2.60B	4.11B	4.22B	4.26B	4.36B	4.42B	4.44B	4.48B	4.66B	4.69B
Deferred tax assets	—	50.91M	62.89M	52.57M	48.73M	49.31M	45.98M	28.00M	44.23M	119.83M	119.69M	189.77M	320.35M	126.97M	58.64M	49.92M	41.10M	37.02M	13.28M	11.02M
Net intangible assets	0	0	161.00K	129.00K	0	0	0	0	0	—	0	0	0	—	—	—	—	—	—	—
Goodwill, net	0	—	161.00K	129.00K	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other intangibles, net	0	—	0	0	0	0	0	0	0	—	0	0	0	—	—	—	—	—	—	—
Other long term assets, total	0	0	0	0	0	0	8.44M	214.00K	84.08M	98.10M	86.14M	73.41M	76.66M	74.02M	52.44M	57.55M	83.83M	61.04M	117.73M	129.25M
Short term debt	41.40M	152.41M	32.90M	169.86M	28.13M	151.45M	204.50M	200.18M	204.60M	136.92M	66.33M	42.48M	15.32M	14.07M	5.22M	5.42M	5.42M	1.36M	6.75M	6.75M
Current portion of LT debt and capital leases	—	—	—	107.00K	52.00K	12.00K	—	—	—	—	—	—	—	0	5.22M	5.42M	5.42M	1.36M	6.75M	6.75M
Short term debt excl. current portion of LT debt	41.40M	152.41M	32.90M	169.76M	28.08M	151.44M	204.50M	200.18M	204.60M	136.92M	66.33M	42.48M	15.32M	14.07M	0	0	0	0	0	0
Accounts payable	300.36M	272.72M	332.06M	440.18M	121.87M	173.32M	420.34M	509.91M	701.46M	705.17M	615.95M	428.71M	416.10M	394.24M	439.02M	450.66M	291.56M	303.88M	242.04M	212.15M
Income tax payable	198.74M	217.74M	244.24M	197.43M	144.11M	142.91M	—	—	723.00K	241.00K	156.55M	5.95M	27.82M	15.07M	10.00M	11.48M	16.49M	27.38M	0	16.68M
Long term debt	405.34M	492.70M	521.54M	180.76M	14.32M	454.00K	0	0	0	0	0	0	0	0	11.43M	6.47M	1.30M	0	43.30M	39.93M
Long term debt excl. lease liabilities	405.34M	492.70M	521.54M	177.58M	12.50M	454.00K	0	0	0	0	0	0	0	0	11.43M	6.47M	1.30M	0	43.30M	39.93M
Total equity	1.01B	1.07B	1.03B	1.16B	1.37B	1.26B	839.03M	543.53M	322.71M	470.62M	635.64M	3.53B	4.06B	4.55B	4.88B	5.02B	5.35B	5.94B	6.47B	6.81B
Shareholders' equity	1.01B	1.07B	1.03B	1.16B	1.37B	1.26B	839.03M	543.53M	322.71M	470.62M	635.64M	3.53B	4.06B	4.55B	4.88B	5.02B	5.35B	5.94B	6.47B	6.81B
Common equity, total	1.01B	1.07B	1.03B	1.16B	1.37B	1.26B	839.03M	543.53M	322.71M	470.62M	635.64M	3.53B	4.06B	4.55B	4.88B	5.02B	5.35B	5.94B	6.47B	6.81B
Other common equity	127.31M	465.24M	427.44M	553.35M	771.64M	661.06M	236.99M	-58.50M	141.03M	133.52M	133.52M	-87.33M	-60.47M	-52.70M	-14.91M	-5.57M	-5.57M	-13.65M	-44.30M	-61.76M
Total debt	446.75M	645.11M	554.44M	350.63M	42.45M	151.91M	204.50M	200.18M	204.60M	136.92M	66.33M	42.48M	15.32M	14.07M	16.65M	11.89M	6.72M	1.36M	50.05M	46.68M
Net debt	435.34M	631.72M	529.88M	339.27M	25.81M	140.73M	189.42M	182.43M	194.41M	76.49M	13.65M	-339.14M	-639.26M	-855.11M	-915.87M	-1.15B	-1.32B	-1.72B	-1.97B	-2.14B
Change in accounts receivable	-5.06M	11.34M	—	-42.77M	-15.02M	-13.19M	26.09M	8.43M	-20.70M	-19.59M	-33.73M	36.24M	-8.45M	2.60M	36.70M	32.73M	-56.84M	34.61M	-13.55M	-19.40M
Change in taxes payable	—	0	—	0	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Change in accounts payable	78.64M	-7.50M	—	88.97M	15.74M	44.43M	254.49M	192.40M	92.82M	6.99M	-120.03M	-134.09M	-51.45M	—	51.94M	63.39M	-68.45M	61.00M	31.24M	24.82M
Change in other assets/liabilities	0	0	—	0	0	—	—	—	0	—	0	-14.52M	13.84M	-133.66M	-2.13M	-31.49M	-58.72M	27.83M	12.32M	12.15M
Sale of fixed assets & businesses	6.92M	971.00K	—	10.90M	324.00K	649.00K	2.88M	304.00K	548.00K	2.23M	1.30M	425.00K	2.22M	1.11M	5.00K	64.00K	3.67M	1.33M	0	0
Purchase/sale of investments, net	0	-17.20M	—	0	0	0	0	0	7.13M	-538.00K	-1.38M	-321.97M	-265.58M	-238.90M	36.97M	-196.82M	-128.95M	-382.91M	-91.91M	75.56M
Sale/maturity of investments	0	0	—	0	0	0	0	0	7.13M	0	0	3.63M	0	0	56.71M	0	31.05M	678.85M	1.32B	1.35B
Purchase of investments	0	-17.20M	—	0	0	0	0	0	0	-538.00K	-1.38M	-325.60M	-265.58M	-238.90M	-19.75M	-196.82M	-160.00M	-1.06B	-1.41B	-1.28B
Other investing cash flow items, total	0	0	—	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance/retirement of debt, net	-129.92M	206.91M	—	-202.93M	-302.57M	109.70M	52.60M	-4.32M	4.42M	-67.68M	-70.59M	-23.85M	-27.15M	-1.25M	-14.07M	0	0	0	0	0
Issuance/retirement of long term debt	-106.45M	88.40M	—	-340.78M	-166.44M	-13.86M	-454.00K	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance/retirement of short term debt	-23.47M	118.51M	—	137.86M	-136.13M	123.56M	53.05M	-4.32M	4.42M	-67.68M	-70.59M	-23.85M	-27.15M	-1.25M	-14.07M	0	0	0	0	0
Issuance/retirement of other debt	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total cash dividends paid	-26.05M	-30.76M	—	-31.82M	-23.45M	-12.22M	-7.80M	0	0	0	0	0	0	-47.28M	-47.28M	-39.02M	-39.02M	-54.07M	-77.47M	-62.38M
Other financing cash flow items, total	0	0	—	-21.72M	-2.53M	-1.16M	-3.55M	-1.95M	-390.00K	-68.00K	0	0	0	0	0	0	0	0	0	0