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Kuantum Papers Limited (KUANTUM)

₹72.18 -0.89% last close, 16 Oct

📊 NSE: KUANTUM 🏢 Paper 📢 Latest filing: 06 Oct 2026 📝 Analysis written: 14 Dec 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Kuantum Papers' revenue was ₹304 Cr (+36.3% year on year, +0.9% on the previous quarter), and net profit ₹6.2 Cr (-48.3% year on year); the operating margin was 13.2%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹304	+36.3%	+0.9%
Operating profit	₹40.1	-0.7%	-16.5%
Net profit	₹6.2	-48.3%	-55.5%
EPS (₹)	0.71	-48.6%	-56.7%
Operating margin	13.2%	—	—

Full quarterly financials → Results calendar →

KUANTUM delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 66.51% of the KUANTUM shares traded on NSE were taken to delivery, against the stock's own 20-session average of 52.61%. That is higher than usual for this stock. Turnover was only ₹64 lakh, so a handful of trades can move this figure.

66.51%Delivery, 16 Oct

52.61%Own 20-session average

0.6×Volume vs its average

₹72.18NSE close · -0.89%

Delivery in the last 5 sessions: 45.8% · 44.0% · 42.9% · 50.3% · 66.5%

Delivery across the market →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

Kuantum Papers Submits Reg 74(5) Dematerialization Compliance for Q2 Ended Sep 30, 2026

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 06 Oct 2026, 12:59 PM

Kuantum Papers Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate issued by Registrar and Share Transfer Agent MAS Services Limited confirms that all securities received for dematerialization were processed within the mandated 15-day window. The underlying physical share certificates were verified, mutilated, cancelled, and depositories updated as registered owners.

Compliance submitted for the quarter ended September 30, 2026
RTA MAS Services Limited confirmed processing of demat requests within 15 days
Security certificates received between July 1, 2026 and September 30, 2026 were mutilated and cancelled per regulations

💡 This is a recurring procedural filing with no operational impact; track upcoming Q2 FY27 earnings announcements for fundamental performance updates.

Kuantum Papers to Close Trading Window from October 1, 2026 for Q2 Results

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 21 Sep 2026, 02:50 PM

Kuantum Papers Limited has announced the closure of its trading window pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015. The trading window for insiders, directors, and designated persons will close on Thursday, October 1, 2026. It will remain closed until 48 hours after the declaration of the unaudited financial results for the quarter and half year ending September 30, 2026. The date of the upcoming board meeting to approve the results will be notified separately.

Trading window closure begins on Thursday, October 1, 2026
Trading restrictions apply through 48 hours after the declaration of unaudited Q2 results
Results pertain to the quarter and half year ending September 30, 2026
Board meeting date to declare financial results will be intimated in due course

💡 Track the upcoming corporate filing announcing the specific date for the board meeting to review Q2/H1 FY27 financial results.

Kuantum Papers allots ₹100 Cr unlisted senior secured NCDs at 12.70% aggregate yield

🟡 NEUTRAL ⭐ 6/10

FUNDRAISE 📅 03 Sep 2026, 05:14 PM

Kuantum Papers Limited has allotted 10,000 unlisted, unrated, senior, secured, redeemable Non-Convertible Debentures (NCDs) aggregating to ₹100 Crore on a private placement basis. The NCDs carry an effective yield of 12.70% per annum (comprising a 9.70% monthly coupon and a 3.00% redemption premium payable at maturity) with a maturity date of June 2, 2030. The issuance equals approximately 15.2% of the company's ₹657 Crore market cap and 11.5% of its ₹870 Crore debt. Security terms include subservient asset hypothecation, promoter personal guarantees, and a minimum 1.50x security cover.

Allotted ₹100 Cr unlisted, unrated senior secured NCDs (10,000 debentures of ₹1,00,000 each)
Total interest yield of 12.70% p.a. (9.70% monthly coupon + 3.00% redemption premium)
Tenure extends from 3 September 2026 to maturity on 2 June 2030
Secured by subservient asset charges, personal guarantees from Mr. Jagesh Kumar Khaitan & Mr. Pavan Khaitan, and 1.50x cover

💡 Track subsequent quarterly filings to verify the exact end-use of proceeds (debt refinancing vs. capex/working capital) and the incremental impact of finance costs on net profit.

Kuantum Papers allots Rs 100 Cr unlisted NCDs at 12.70% aggregate yield

🟡 NEUTRAL ⭐ 6/10

FUNDRAISE 📅 03 Sep 2026, 05:12 PM

Kuantum Papers has approved the allotment of 10,000 unlisted, unrated, senior, secured, redeemable Non-Convertible Debentures (NCDs) aggregating to Rs 100 crore on a private placement basis. The debentures offer a total return of 12.70% per annum, comprising a 9.70% coupon payable monthly and a 3.00% per annum redemption premium payable at maturity on June 2, 2030. The fundraise represents ~15.2% of the company's market capitalization (Rs 657 crore) and will add to its existing debt burden of Rs 870 crore.

Allotment of 10,000 unlisted, unrated NCDs of face value Rs 1,00,000 each, raising Rs 100 crore
Aggregate yield of 12.70% p.a. (9.70% p.a. coupon payable monthly plus 3.00% p.a. redemption premium)
Tenure of ~3.75 years with final maturity scheduled for June 2, 2030
Secured with minimum 1.50x cover, subservient asset hypothecation, and promoter personal guarantees
Step-up clause of +0.25% coupon rate for each notch downgrade in issuer rating

💡 Monitor whether funds are utilized for debt refinancing or specialty paper capex, and track the resulting rise in finance costs in upcoming quarterly P&L statements.

Kuantum Papers Shareholders Approve Rs 2.50/Share Dividend and Re-Appoint MD at 29th AGM

🟡 NEUTRAL ⭐ 5/10

DIVIDEND 📅 27 Aug 2026, 05:52 PM

Shareholders of Kuantum Papers approved a dividend of Rs 2.50 per share (250% on Re 1 face value) for FY26 at the 29th AGM held on August 27, 2026. The dividend will be disbursed within 30 days from the AGM date. In addition, the re-appointment of Shri Pavan Khaitan as Vice Chairman & Managing Director was approved for a three-year term effective April 1, 2027. Shareholders also approved the re-appointment of Director Jagesh Kumar Khaitan and Cost Auditors M/s R.J. Goel & Co. for FY27.

Approved dividend of Rs 2.50 per share (250% on face value of Re 1) for FY26
Dividend payment to be completed within 30 days from the AGM date of August 27, 2026
Re-appointment of Vice Chairman & MD Pavan Khaitan approved for 3 years w.e.f. April 1, 2027
Re-appointed M/s R.J. Goel & Co. as Cost Auditors for FY 2026-27

💡 Track dividend receipt in bank accounts within the 30-day statutory window and monitor upcoming quarterly results for margin recovery in the paper segment.

Kuantum Papers Shareholders Approve Rs 2.50/Share Dividend (250%) & MD Re-Appointment

🟡 NEUTRAL ⭐ 5/10

DIVIDEND 📅 27 Aug 2026, 03:18 PM

At the 29th Annual General Meeting on August 27, 2026, shareholders of Kuantum Papers approved a dividend of Rs 2.50 per share (250% on face value of Re 1) for FY26, payable within 30 days. The shareholders also approved the re-appointment of Shri Pavan Khaitan as Vice Chairman & Managing Director for a three-year term effective April 1, 2027. Additionally, M/s R.J. Goel & Co. was re-appointed as Cost Auditors for FY27, and Chairman Jagesh Kumar Khaitan was re-appointed upon retirement by rotation.

Approved final dividend of Rs 2.50 per equity share (250% of FV Re 1) for FY26
Dividend to be disbursed within 30 days from the AGM date of August 27, 2026
Re-appointment of Vice Chairman & MD Pavan Khaitan approved for 3 years starting April 1, 2027
Re-appointed M/s R.J. Goel & Co. as Cost Auditors for FY 2026-27

💡 Track the dividend credit timeline within 30 days and monitor upcoming quarterly operational metrics for net sales realization (NSR) and margin recovery.

Kuantum Papers Approves Rs 2.50/Share Dividend and MD Pavan Khaitan's 3-Year Re-Appointment

🟡 NEUTRAL ⭐ 5/10

MANAGEMENT 📅 27 Aug 2026, 03:16 PM

At its 29th Annual General Meeting held on August 27, 2026, Kuantum Papers' shareholders approved a final dividend of Rs 2.50 per share (250% on face value of Re 1) for FY26, payable within 30 days. The shareholders also approved the re-appointment of Shri Pavan Khaitan as Vice Chairman & Managing Director for a 3-year term starting April 1, 2027. In addition, Shri Jagesh Kumar Khaitan was re-appointed as a director retiring by rotation, and M/s R.J. Goel & Co. was re-appointed as Cost Auditors for FY27.

Shareholders approved a dividend of Rs 2.50 per share (250% on face value Re 1) for FY26, to be disbursed within 30 days.
Re-appointed Shri Pavan Khaitan as Vice Chairman & Managing Director for a period of 3 years effective April 1, 2027.
Re-appointed Chairman Shri Jagesh Kumar Khaitan (holding 1.66% stake / 14,47,580 shares) as director retiring by rotation.
Re-appointed M/s R.J. Goel & Co. as Cost Auditors for FY 2026-27.

💡 Track the dividend payment credit within the 30-day window and monitor subsequent quarterly updates on product mix shifts into higher-margin specialty paper segments.

Kuantum Papers Holds 29th AGM; Re-appoints MD Pavan Khaitan for 3-Year Term from April 2027

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 27 Aug 2026, 02:53 PM

Kuantum Papers Limited conducted its 29th Annual General Meeting on August 27, 2026, via video conferencing. Key ordinary and special resolutions transacted included the adoption of financial statements for FY25-26, declaration of dividend, and the re-appointment of Shri Pavan Khaitan as Vice Chairman & Managing Director for a three-year term effective April 1, 2027. Remote e-voting was held from August 24 to August 26, 2026, and final Scrutinizer voting results are being submitted to the exchanges.

29th Annual General Meeting held on August 27, 2026, starting at 11:30 AM and concluding at 11:46 AM
Special Resolution transacted for re-appointment of Pavan Khaitan as Vice Chairman & MD for 3 years w.e.f. April 1, 2027
Adoption of FY2025-26 annual financial statements and declaration of equity dividend transacted via e-voting
Remote e-voting window was open from August 24, 2026 to August 26, 2026

💡 Track the formal Regulation 44 voting results and Scrutinizer's report to confirm final shareholder approval percentages for all resolutions.

Kuantum Papers Concludes 29th AGM; Re-Appoints Pavan Khaitan as Vice Chairman & MD for 3 Years

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 27 Aug 2026, 02:51 PM

Kuantum Papers Limited successfully concluded its 29th Annual General Meeting (AGM) on August 27, 2026. Key agenda items transacted included adoption of FY26 financial statements, declaration of dividend for FY26, and the re-appointment of Shri Pavan Khaitan as Vice Chairman & Managing Director for a 3-year term starting April 1, 2027. Voting was conducted via remote e-voting and venue e-voting, with final scrutiny results to be submitted separately.

29th Annual General Meeting held on August 27, 2026, commencing at 11:30 a.m. and concluding at 11:46 a.m.
Re-appointment of Shri Pavan Khaitan as Vice Chairman & MD approved via Special Resolution for 3 years effective April 1, 2027
Ordinary resolution transacted for Declaration of Dividend for FY2025-26
Remote e-voting was conducted from August 24, 2026 to August 26, 2026
Statutory and Secretarial Auditor Reports for FY25-26 contained no qualifications or adverse remarks

💡 Track the upcoming disclosure of final voting results and Scrutinizer Report to confirm the formal passage of all AGM resolutions.

Kuantum Papers Concludes 29th AGM; Re-appointment of MD and Dividend Put to Vote

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 27 Aug 2026, 12:35 PM

Kuantum Papers Limited conducted its 29th Annual General Meeting on August 27, 2026, via video conferencing. Key agenda items transacted included the adoption of FY26 financial statements, declaration of dividend for FY 2025-26, and the re-appointment of Shri Pavan Khaitan as Vice Chairman & Managing Director for a 3-year term effective April 1, 2027. Remote e-voting was held from August 24 to August 26, 2026, and final voting results alongside the Scrutinizer's report will be declared separately within the statutory timeframe.

29th AGM conducted via VC/OAVM on August 27, 2026, running from 11:30 AM to 11:46 AM
Special Resolution proposed for the re-appointment of Shri Pavan Khaitan as Vice Chairman & MD for 3 years starting April 1, 2027
Shareholder voting conducted via remote e-voting (August 24 to August 26, 2026) and venue e-voting
Ordinary resolution transacted for the declaration of dividend for the financial year 2025-26

💡 Track the upcoming disclosure of final voting results and Scrutinizer report on the stock exchange to confirm resolution approvals, alongside the official dividend record and payout dates.

Kuantum Papers Concludes 29th AGM; Re-Appoints Pavan Khaitan as VC & MD for 3 Years

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 27 Aug 2026, 12:32 PM

Kuantum Papers Limited conducted its 29th Annual General Meeting on August 27, 2026, transacting standard statutory business. Key resolutions tabled included the adoption of FY26 financial statements, declaration of dividend for FY26, and the re-appointment of Shri Pavan Khaitan as Vice Chairman & Managing Director for a 3-year term starting April 1, 2027. Remote e-voting was open from August 24 to August 26, 2026, alongside venue e-voting. Voting results and the consolidated scrutinizer report will be submitted separately.

29th AGM held on August 27, 2026, commencing at 11:30 AM and concluding at 11:46 AM
Special resolution proposed for re-appointment of Shri Pavan Khaitan as Vice Chairman & MD for 3 years w.e.f. April 1, 2027
Ordinary resolution transacted for declaration of dividend for Financial Year 2025-26
Remote e-voting conducted between August 24, 2026, and August 26, 2026

💡 Track the formal voting results disclosure under Regulation 44 to confirm approval percentages and monitor upcoming dividend payout timelines.

Kuantum Papers Restarts Paper Machine-3 Post Major Rebuild and Tech Upgradation

🟢 POSITIVE ⭐ 6/10

EXPANSION 📅 26 Aug 2026, 09:58 AM

Kuantum Papers has announced the successful restart of its Paper Machine-3 (PM3) on August 26, 2026, following the completion of a major technological rebuild and trials at its Saila Khurd facility in Punjab. The rebuilt machine incorporates modern features including a top Former, Film Press, improved automation, and enhanced drying capability. This initiative is designed to improve paper quality, operational throughput, and enable product diversification into higher-value specialty and writing & printing paper grades against a TTM revenue base of Rs 1,096 Cr.

Paper Machine-3 (PM3) successfully restarted on August 26, 2026, post-rebuild.
Installed advanced technological features including top Former, Film Press, and enhanced drying capabilities.
Rebuild supports future product mix shift into higher-margin specialty and writing & printing grades.
Facility located at Saila Khurd, District Hoshiarpur, Punjab.

💡 Track volume ramp-up, product mix improvements, and margin expansion in subsequent quarterly results following PM3 commercial operations.

Kuantum Papers Releases Investor Presentation Highlighting 540 TPD Capacity and Q1-FY27 Metrics

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 21 Aug 2026, 03:04 PM

Kuantum Papers Limited filed its updated investor presentation for August 2026. The company highlighted Q1-FY27 operational revenue of INR 3,038 Mn with an EBITDA margin of 13.20% and paper sales volume of 42,922 MT. Production capacity currently stands at 540 TPD across its 259-acre integrated facility, supported by a 120+ dealer network and exports across 26 countries. The company also reiterated its target to scale its Social Farm Forestry footprint from 19,600+ acres to 75,000 acres by 2030.

Q1-FY27 operational revenue reached INR 3,038 Mn with an EBITDA margin of 13.20%, down from 27.49% in FY24.
Paper sales volume reached 42,922 MT in Q1-FY27, following 162,933 MT recorded in FY26.
Manufacturing capacity stands at 540 TPD, expanded from initial 30 TPD commercial operations.
Social Farm Forestry currently spans 19,600+ acres with a target to expand to 75,000 acres by 2030.

💡 Track realization trends, raw material cost pressures, and EBITDA margin recovery in upcoming quarterly updates.

Q1 FY27 Concall: Revenue Up 36% YoY to ₹304 Cr; Targets 16-18% EBITDA Margin by Year-End

🟢 POSITIVE ⭐ 5/10

EARNINGS 📅 17 Aug 2026, 05:36 PM

Kuantum Papers reported Q1 FY27 revenue of ₹304 Cr (+36% YoY) and EBITDA of ₹40 Cr (13.2% margin), driven by paper sales volumes of 42,922 MT (+35% YoY). While blended NSR improved by ~₹3,400/ton, it was offset by a ~₹4,200/ton cost surge stemming from geopolitical disruptions. Management guided for EBITDA margins to recover to 16%-18% by year-end following the completion of the PM3 rebuild and higher specialty paper mix. Peak debt is estimated at ₹760-770 Cr, with management aiming to reduce it to under ₹300 Cr over the next 3 years via annual repayments of ₹170-175 Cr.

Q1 FY27 operational revenue rose 36% YoY to ₹304 Cr on 35% YoY volume growth to 42,922 MT.
Cost inflation of ~₹4,200/ton offset NSR gains of ~₹3,400/ton, resulting in Q1 EBITDA of ₹40 Cr (13.2% margin) and PAT of ₹6 Cr.
Management targets EBITDA margins to reach 16%-18% by fiscal year-end post completion of the PM3 upgrade.
Peak debt guided at ₹760-770 Cr with planned annual debt repayments of ₹170-175 Cr to lower total debt under ₹300 Cr within 3 years.

💡 Track the commercial recommissioning of Paper Machine 3 (PM3), subsequent environmental clearance (EC), and sequential margin expansion towards the guided 16%-18% band.

Kuantum Papers Shares Audio Recording Link for Q1 FY27 Earnings Call

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 14 Aug 2026, 05:31 PM

Kuantum Papers Limited has released the audio recording of its Earnings Conference Call held on August 14, 2026. The call addressed the company's unaudited financial results and operational performance for the first quarter ended June 30, 2026 (Q1 FY27). The submission is made in compliance with Regulation 30 of the SEBI Listing Regulations, and the audio file is accessible on the company's corporate website. This represents a standard post-earnings compliance filing.

Earnings conference call successfully conducted on August 14, 2026
Discussion covered unaudited financial results for the quarter ended June 30, 2026 (Q1 FY27)
Audio recording uploaded to the company website following prior intimation dated August 6, 2026

💡 Investors should review the concall audio for management commentary on paper realization prices, raw material inflation, and the performance of upgraded machine PM4.

View All KUANTUM Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

The company operates in a single segment: Paper manufacturing. FY25 revenue was INR 1,113.12 Cr, representing an 8.5% decline from FY24's INR 1,216.94 Cr. H1-FY26 revenue was INR 502.6 Cr, a decline of 10.2% YoY from INR 559.6 Cr.

Profitability Margins

FY25 Net Profit margin was 10.4% (INR 115.18 Cr), down from 15.1% in FY24. H1-FY26 PAT margin dropped significantly to 3.54% (INR 17.8 Cr) from 12.17% in H1-FY25 due to elevated input costs and subdued realizations.

EBITDA Margin

FY25 EBITDA margin was 22.4% (INR 248.68 Cr), down from 27.5% in FY24. H1-FY26 EBITDA margin further declined to 14.88% (INR 74.8 Cr), down 876 bps YoY due to wood cost inflation and import pressure.

Capital Expenditure

The company successfully completed the upgradation of PM4 in Q2 FY26. Future planned investments are focused on capacity expansion in high-margin tissue and specialty paper segments, though specific INR Cr values for future plans are not disclosed.

Credit Rating & Borrowing

CARE Ratings believes the company will sustain a comfortable financial risk profile. Finance costs for H1-FY26 were INR 22.3 Cr, an increase of 21.2% YoY from INR 18.4 Cr.

⚙️ Operational Drivers

Raw Materials

Agro-residues (wheat straw, sarkanda, bagasse) and wood (chips, veneer waste, bamboo). Wood costs represent a major portion of the cost structure and escalated significantly in FY25 due to limited domestic availability.

Import Sources

Primarily sources agro-residues and wood domestically; however, the company is exposed to global pulp price volatility for non-integrated operations.

Capacity Expansion

Current capacity is 450 TPD. The PM4 upgrade in Q2 FY26 increased production by 3,500 tons compared to Q2 FY25. Planned expansion focuses on tissue and specialty paper segments.

Raw Material Costs

Raw material costs for domestic wood escalated significantly in FY25. While Net Sales Realization (NSR) declined by 13-14%, the company contained the impact on profitability, with EBITDA margin reducing by only 5.5% to 22.4% in FY25 through cost optimization.

Manufacturing Efficiency

Achieved highest-ever production of 160,861 MT in FY25 (up 5.1% from 153,058 MT), reflecting efficient utilization of all paper machines and backward integration.

📈 Strategic Growth

Growth Strategy

The company plans to achieve growth by shifting its product mix toward high-margin tissue and specialty papers, upgrading machinery (PM4) to increase production capacity, and implementing Industry 4.0 technologies to optimize manufacturing costs and operational efficiency.

Products & Services

Writing & Printing paper, Copier paper, and Specialty papers (cup stock, carry bags).

Brand Portfolio

Kuantum.

New Products/Services

Tissue and specialty papers (cup stock, carry bags) are the primary focus for new high-margin revenue streams.

Market Expansion

Focusing on high-margin segments like tissue and specialty paper; specific geographic expansion plans not disclosed.

Market Share & Ranking

Positioned among the highest-performing paper manufacturers in India with benchmark-setting EBITDA margins.

🌍 External Factors

Industry Trends

Industry is facing cyclical pressure from low-priced imports and high raw material costs, while shifting toward sustainable packaging solutions.

Competitive Landscape

Intense competition from low-priced imports and domestic wood-based industries.

Competitive Moat

Cost leadership (22.4% EBITDA margin in FY25) and backward integration (in-house pulp) provide a durable advantage. This is sustainable because the company's strategic location allows it to utilize agro-residues effectively, reducing reliance on expensive wood.