Forest materials companies in India

57 listed companies in Forest Materials, part of Commodities, largest first by market cap at the close on 27 Oct 2026; the largest is JK Paper.

Companies
57
Market cap
₹24,592 Cr
Median P/E
14.9
Median P/B
0.7
Revenue growth
+16.8%quarter to Jun 2026
Profit
₹453 Crquarter to Jun 2026
Filed the quarter
52of 61
Median ROCE
4.5%year to Mar 2026

Revenue growth and profit by quarter

Revenue against the same quarter a year earlier, over the companies that filed both; profit after tax added up over the companies that filed the quarter. A quarter fewer than 60% of the sector filed is left out, and the newest is added once nearly as many companies have filed it as the one before.

Revenue against the same quarter a year earlier, per cent

−12Mar 24−7.3Jun 24−1.9Sep 24−2.9Dec 243.4Mar 254.2Jun 258.3Sep 259.3Dec 2513Mar 2617Jun 26
Revenue grew against a year earlier in 6 of the 10 quarters shown.

Profit after tax, ₹ crore, added up over the companies that filed

309Mar 24481Jun 24383Sep 2447Dec 24191Mar 25327Jun 2545Sep 25108Dec 25471Mar 26453Jun 26
Largest profit ₹481 Cr, quarter to Jun 2024.

The largest companies

The 12 largest Forest Materials companies, each sized by its market cap.

Market cap, ₹ crore

  • JK Paper₹6,976 Cr
  • West Coast Paper Mills₹5,389 Cr
  • Andhra Paper₹1,303 Cr
  • Seshasayee Paper and Boards₹1,217 Cr
  • N R Agarwal Industries₹1,148 Cr
  • Tamil Nadu Newsprint & Papers₹892 Cr
  • Pudumjee Paper Products₹818 Cr
  • Emami Paper Mills₹691 Cr
  • Satia Industries₹650 Cr
  • Cheviot Company₹625 Cr
  • Prabhatam Infra Venture₹614 Cr
  • Kuantum Papers₹602 Cr

Every Forest Materials company

  • 1JK Paper logoJK PaperJKPAPER · Paper, Forest & Jute Products₹384.75+4.30%₹6,976 Cr–7.1%1.04%−2.0%
  • 2West Coast Paper Mills logoWest Coast Paper MillsWSTCSTPAPR · Paper, Forest & Jute Products₹815.90+3.57%₹5,389 Cr23.205.7%0.37%+79.5%
  • 3Andhra Paper logoAndhra PaperANDHRAPAP · Paper, Forest & Jute Products₹65.55+1.88%₹1,303 Cr47.20−1.2%0.76%−15.9%
  • 4Seshasayee Paper and Boards logoSeshasayee Paper and BoardsSESHAPAPER · Paper, Forest & Jute Products₹192.94−9.95%₹1,217 Cr10.204.4%1.04%−24.4%
  • 5N R Agarwal Industries logoN R Agarwal IndustriesNRAIL · Paper, Forest & Jute Products₹674.25+2.27%₹1,148 Cr18.5010.1%0.30%+51.8%
  • 6Tamil Nadu Newsprint & Papers logoTamil Nadu Newsprint & PapersTNPL · Paper, Forest & Jute Products₹128.89−0.73%₹892 Cr3.404.6%3.10%−16.4%
  • 7Pudumjee Paper Products logoPudumjee Paper ProductsPDMJEPAPER · Paper, Forest & Jute Products₹86.18+1.46%₹818 Cr9.0015.7%0.70%−26.0%
  • 8Emami Paper Mills logoEmami Paper MillsEMAMIPAP · Paper, Forest & Jute Products₹114.29+0.92%₹691 Cr7.4013.4%2.80%+16.7%
  • 9Satia Industries logoSatia IndustriesSATIA · Paper, Forest & Jute Products₹64.99+4.00%₹650 Cr–−1.1%0.62%−15.6%
  • 10Cheviot Company logoCheviot CompanyCHEVIOT · Paper, Forest & Jute Products₹1,069.10+0.46%₹625 Cr9.109.6%2.34%−8.0%
  • 11Prabhatam Infra Venture logoPrabhatam Infra VenturePRABHATAM · Paper, Forest & Jute Products₹27.700.00%₹614 Cr–−47.6%None–
  • 12Kuantum Papers logoKuantum PapersKUANTUM · Paper, Forest & Jute Products₹68.94−3.45%₹602 Cr16.704.5%3.63%−36.8%
  • 13Gloster logoGlosterGLOSTERLTD · Paper, Forest & Jute Products₹510.35−1.86%₹558 Cr43.604.6%3.92%−18.8%
  • 14Pakka logoPakkaPAKKA · Paper, Forest & Jute Products₹69.01−0.16%₹329 Cr23.602.5%None−50.9%
  • 15Orient Paper & Industries logoOrient Paper & IndustriesORIENTPPR · Paper, Forest & Jute Products₹14.99+0.67%₹318 Cr–−5.2%None−42.8%
  • 16Ruchira Papers logoRuchira PapersRUCHIRA · Paper, Forest & Jute Products₹101.05+0.27%₹302 Cr9.107.3%2.47%−24.6%
  • 17Ludlow Jute & Specialities logoLudlow Jute & SpecialitiesLUDLOWJUT · Paper, Forest & Jute Products₹270.00+1.87%₹291 Cr16.109.7%None−31.6%
  • 18Shree Ajit Pulp & Paper logoShree Ajit Pulp & PaperSAPPL · Paper, Forest & Jute Products₹325.95+9.18%₹290 Cr7.0016.2%None+27.3%
  • 19Genus Paper & Boards logoGenus Paper & BoardsGENUSPAPER · Paper, Forest & Jute Products₹10.20+3.03%₹262 Cr18.805.9%None−38.3%
  • 20Star Paper Mills logoStar Paper MillsSTARPAPER · Paper, Forest & Jute Products₹145.52+0.73%₹227 Cr7.301.1%1.72%−12.1%
  • 21The Indian Wood Products Company logoThe Indian Wood Products CompanyIWP · Paper, Forest & Jute Products₹34.36+1.39%₹220 Cr37.102.7%0.58%−16.5%
  • 22South India Paper Mills logoSouth India Paper MillsSTHINPA · Paper, Forest & Jute Products₹115.65−1.28%₹217 Cr14.7010.2%None+31.0%
  • 23Shreyans Industries logoShreyans IndustriesSHREYANIND · Paper, Forest & Jute Products₹134.23+3.25%₹186 Cr–−6.9%1.12%−40.2%
  • 24Aaradhya Disposal Industries logoAaradhya Disposal IndustriesAARADHYA · Paper, Forest & Jute Products₹120.60+4.87%₹171 Cr28.10–None−25.1%
  • 25Exim Routes logoExim RoutesEXIMROUTES · Paper, Forest & Jute Products₹82.05−2.67%₹154 Cr15.10–None–
  • 26NIKITA GREENTECH RECYCLING logoNIKITA GREENTECH RECYCLINGNIKITA · Paper, Forest & Jute Products₹59.05−1.58%₹146 Cr13.10–None−57.5%
  • 27Magnum Ventures logoMagnum VenturesMAGNUM · Paper, Forest & Jute Products₹18.29+2.18%₹125 Cr–3.6%None−25.5%
  • 28Shree Krishna Paper Mills & Industr logoShree Krishna Paper Mills & IndustrSKPMIL · Paper, Forest & Jute Products₹85.65−4.99%₹116 Cr4.606.1%None−10.6%
  • 29S. V. J. ENTERPRISES logoS. V. J. ENTERPRISESSVJ · Paper, Forest & Jute Products₹179.80+2.74%₹100 Cr137.40–None−41.8%
  • 30Nath Industries logoNath IndustriesNATHIND · Paper, Forest & Jute Products₹48.00+3.74%₹91 Cr13.503.8%None−35.3%
  • 31Utkal Speciality Industries IndiaUTKAL · Paper, Forest & Jute Products₹43.70−5.00%₹85 Cr11.70–None–
  • 32Malu Paper Mills logoMalu Paper MillsMALUPAPER · Paper, Forest & Jute Products₹30.87+1.55%₹59 Cr–−1.6%None−19.2%
  • 33AI Champdany Industries logoAI Champdany IndustriesAICHAMP · Paper, Forest & Jute Products₹19.00+0.58%₹58 Cr12.8011.3%None−63.8%
  • 34Balkrishna Paper Mills logoBalkrishna Paper MillsBALKRISHNA · Paper, Forest & Jute Products₹14.65−0.75%₹47 Cr––None−36.4%
  • 35Perfectpac logoPerfectpacPERFEPA · Paper, Forest & Jute Products₹66.00−1.87%₹44 Cr18.008.2%1.52%−29.7%
  • 36Three M Paper Boards logoThree M Paper BoardsTHREEMPAPE · Paper, Forest & Jute Products₹20.73−15.35%₹40 Cr5.605.2%None−37.2%
  • 37Grameva logoGramevaGRAMEVA · Paper, Forest & Jute Products₹73.23−4.99%₹35 Cr–22.1%None+12.2%
  • 38Kay Power and Paper logoKay Power and PaperKAYPOWR · Paper, Forest & Jute Products₹9.71−1.72%₹34 Cr30.001.0%None−34.0%
  • 39Spinaroo Commercial logoSpinaroo CommercialSPINAROO · Paper, Forest & Jute Products₹47.03−4.99%₹33 Cr61.30–None−31.5%
  • 40Mohit Paper Mills logoMohit Paper MillsMOHITPPR · Paper, Forest & Jute Products₹23.22+0.48%₹33 Cr–11.3%None−25.2%
  • 41Vapi Enterprise logoVapi EnterpriseVAPIENTER · Paper, Forest & Jute Products₹127.50+4.51%₹29 Cr20.00−1.2%None+7.6%
  • 42Aten Papers & Foam logoAten Papers & FoamATENPAPERS · Paper, Forest & Jute Products₹22.89+5.00%₹24 Cr3.20–None−3.4%
  • 43Sangal Papers logoSangal PapersSANPA · Paper, Forest & Jute Products₹178.40−5.96%₹23 Cr5.509.3%None−18.2%
  • 44Pratik Panels logoPratik PanelsPRATIK · Paper, Forest & Jute Products₹3.60+3.15%₹23 Cr14.9019.2%None−54.2%
  • 45Labelkraft Technologies logoLabelkraft TechnologiesLABELKRAFT · Paper, Forest & Jute Products₹63.000.00%₹20 Cr15.60–None–
  • 46Saffron Industries logoSaffron IndustriesSAFFRON · Paper, Forest & Jute Products₹23.50+5.19%₹17 Cr––None−66.7%
  • 47Rama Paper Mills logoRama Paper MillsRAMAPPR-B · Paper, Forest & Jute Products₹17.10−0.52%₹17 Cr––None+80.2%
  • 48Shree Karthik Papers logoShree Karthik PapersSHKARTP · Paper, Forest & Jute Products₹8.57−4.99%₹16 Cr80.601.1%None−2.2%
  • 49Shrenik logoShrenikSHRENIK · Paper, Forest & Jute Products₹0.22+4.76%₹13 Cr––None−58.5%
  • 50Astron Paper & Board Mill logoAstron Paper & Board MillASTRON · Paper, Forest & Jute Products₹2.62−0.76%₹12 Cr––None−74.4%

About forest materials companies in India

Forest materials companies in India make paper, paperboard and newsprint, deal in timber, wood and pulp, and make jute goods. NSE's industry classification groups them in the Forest Materials sector, part of Commodities, and this page ranks the listed ones by market cap.

What the sector covers

The sector has one industry, Paper, Forest & Jute Products, so every company on the page carries that label and there is no industry filter. It splits into three basic industries: paper and paper products, covering makers of paper and paper boards; forest products, covering companies that deal in timber, wood, pulp, cork and shellac; and jute and jute products. JK Paper and West Coast Paper Mills are examples of the paper mills.

The classification places plywood and laminate makers under Consumer Durables, so the large plywood companies are not on this page.

Paper and paperboard

Paper mills use one of three fibre sources: wood pulp made from plantation wood, agricultural residue such as bagasse and wheat straw, or recovered waste paper. Writing and printing paper, tissue and newsprint come from the first two or from waste paper. Kraft paper and boxboard, used for corrugated boxes, mostly use waste paper.

What drives these businesses

Fibre cost and supply matter most. India has limited forest land for pulpwood, so mills rely on farm-grown wood, residue and imported waste paper and pulp, and the price of these inputs moves margins. Energy and chemicals are the other large costs.

Imports are a recurring issue. The paper industry association IPMA has reported record imports of paper and paperboard, from China and ASEAN countries in particular, and has asked for import duties and quality controls.

Demand follows packaging, publishing and education: corrugated boxes for goods sold online and in shops, and writing and printing paper for books and notebooks.