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Orient Paper & Industries Limited (ORIENTPPR)

₹16.08 +0.82% last close, 16 Oct

📊 NSE: ORIENTPPR 🏢 Paper 📢 Latest filing: 16 Oct 2026 📝 Analysis written: 14 Dec 2025

Q2 FY27 results

📅 Next results: 05 Nov 2026 (board meeting)

Orient Paper & Industries Limited's board meets on 5 Nov 2026 to consider its Q2 FY27 results (July-September 2026).

In its latest reported quarter, Q1 FY27, Orient Paper's revenue was ₹228 Cr (-4.5% year on year, -1.5% on the previous quarter), and net profit ₹-8.3 Cr (against a profit a year earlier); the operating margin was 3.5%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹228	-4.5%	-1.5%
Operating profit	₹8.0	+470.2%	+100.1%
Net profit	₹-8.3	to loss	loss narrowed
EPS (₹)	-0.39	to loss	loss narrowed
Operating margin	3.5%	—	—

Full quarterly financials → Results calendar →

ORIENTPPR delivery percentage

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

On Fri, 16 Oct 2026, 53.48% of the ORIENTPPR shares traded on NSE were taken to delivery, against the stock's own 20-session average of 60.81%. That is close to its usual level. Turnover was only ₹16 lakh, so a handful of trades can move this figure. Volume was 0.4 times its average, well below normal.

53.48%Delivery, 16 Oct

60.81%Own 20-session average

0.4×Volume vs its average

₹16.08NSE close · +0.81%

Delivery in the last 5 sessions: 41.7% · 66.0% · 35.8% · 78.2% · 53.5%

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

Orient Paper Shareholders Approve Anuradha Mookerjee as Independent Director with 99.96% Majority

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 16 Oct 2026, 02:48 PM

Orient Paper & Industries Limited announced the results of its postal ballot completed on October 15, 2026. Shareholders approved the appointment of Mrs. Anuradha Mookerjee as an Independent Director through a special resolution. Out of 10,96,78,962 total votes polled, 10,96,30,521 votes (99.9558%) were cast in favor and 48,441 votes (0.0442%) against. Promoter and institutional participation voted 100% in favor of the resolution.

Special resolution to appoint Mrs. Anuradha Mookerjee passed with 99.9558% favorable votes
Total votes polled stood at 10,96,78,962 across remote e-voting, representing 51.6901% of outstanding shares
Promoter group cast all 8,21,93,294 held votes (100%) in favor
Voting period concluded on October 15, 2026, with 10,700 invalid votes recorded

💡 Track subsequent corporate governance disclosures and committee compositions to observe the new Independent Director's role on the board.

Orient Paper Issues Postal Ballot for Appointment of Independent Director for 5-Year Term

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 10 Sep 2026, 05:20 PM

Orient Paper & Industries Limited has issued a Postal Ballot Notice seeking shareholder approval via special resolution for the appointment of Mrs. Anuradha Mookerjee as a Non-Executive Independent Director. Her proposed term spans 5 consecutive years from 8th August 2026 to 7th August 2031. Remote e-voting for shareholders opens on 16th September 2026 and closes on 15th October 2026, with the cut-off date set as 4th September 2026.

Appointment of Mrs. Anuradha Mookerjee as Independent Director for a 5-year term ending 7th August 2031
Approval sought via Special Resolution through remote e-voting process
Remote e-voting period runs from 9:00 A.M. on 16th September 2026 to 5:00 P.M. on 15th October 2026
Cut-off date for eligibility to vote established as 4th September 2026
Proposed remuneration includes sitting fees and profit-related commission capped at 1% of net profits

💡 Eligible shareholders may cast their votes via NSDL e-voting prior to the 15th October 2026 deadline. Track the subsequent filing of voting results.

Orient Paper Issues Postal Ballot for Appointment of Independent Director for 5-Year Term

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 10 Sep 2026, 05:10 PM

Orient Paper & Industries Limited has issued a Postal Ballot Notice to seek shareholder approval for the appointment of Mrs. Anuradha Mookerjee as a Non-Executive Independent Director. Her proposed tenure is for 5 consecutive years, running from 8th August 2026 to 7th August 2031. Remote e-voting for eligible shareholders opens at 9:00 AM on 16th September 2026 and closes at 5:00 PM on 15th October 2026. The resolution will be passed as a special resolution via electronic voting through NSDL.

Proposed appointment of Mrs. Anuradha Mookerjee as Independent Director for a 5-year term from 8th August 2026 to 7th August 2031
Remote e-voting window runs from 16th September 2026 (9:00 AM IST) to 15th October 2026 (5:00 PM IST)
Cut-off date for eligibility to vote is 4th September 2026
Appointee is entitled to sitting fees and profit-related commission not exceeding 1% of net profits, with zero equity shares held

💡 Shareholders can participate in the remote e-voting process before the deadline on 15th October 2026. Monitor subsequent exchange filings for the final voting results.

Orient Paper Appoints Ms. Anuradha Mookerjee as Independent Director; Reconstitutes 4 Committees

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 07 Aug 2026, 06:55 PM

Orient Paper & Industries Limited has announced the appointment of Ms. Anuradha Mookerjee as an Additional Director (Independent) effective August 8, 2026. This appointment precedes the retirement of Mrs. Gauri Rasgotra, who will complete her second consecutive term on August 21, 2026. As a result, the company has reconstituted four key board committees: Audit, Stakeholders' Relationship, Risk Management, and Corporate Social Responsibility. These changes are part of routine board succession planning and ensure continued compliance with SEBI governance regulations.

Ms. Anuradha Mookerjee appointed as Independent Director effective August 8, 2026
Mrs. Gauri Rasgotra to cease directorship on August 21, 2026, after 2 consecutive terms
Reconstitution of 4 board committees including Audit and Risk Management
Board meeting conducted for 70 minutes from 2:50 p.m. to 4:00 p.m. on August 7, 2026

💡 Investors should treat this as a routine governance update; no immediate operational or financial impact is expected from these board-level changes.

Q1 Revenue at ₹227.6 Cr; Net Loss of ₹8.25 Cr as Operational Pressures Persist

🟡 NEUTRAL ⭐ 6/10

EARNINGS 📅 07 Aug 2026, 05:03 PM

Orient Paper & Industries reported a revenue of ₹227.61 Cr for Q1 FY27, a 4.5% decline compared to ₹238.34 Cr in the same quarter last year. The company posted a net loss of ₹8.25 Cr, a sharp reversal from the ₹33.99 Cr profit in Q1 FY26, which was primarily driven by a one-time deferred tax credit of ₹51.84 Cr. Operationally, the loss before tax narrowed to ₹10.87 Cr from ₹17.85 Cr YoY, indicating some improvement in cost management despite lower sales. The board also appointed Mrs. Anuradha Mookerjee as an Independent Director for a five-year term.

Revenue from operations decreased to ₹227.61 Cr in Q1 FY27 from ₹238.34 Cr in Q1 FY26.
Loss before tax narrowed to ₹10.87 Cr compared to a loss of ₹17.85 Cr in the previous year's corresponding quarter.
Net loss of ₹8.25 Cr recorded for the quarter, impacted by the absence of the large ₹51.84 Cr tax credit seen in Q1 FY26.
Total expenses reduced to ₹240.88 Cr from ₹258.98 Cr YoY, driven by lower material and power costs.
Mrs. Anuradha Mookerjee appointed as Independent Director for 5 years effective August 8, 2026.

💡 Investors should monitor the company's ability to improve capacity utilization in the tissue segment and the impact of modernization efforts on operating margins, given the ongoing pre-tax losses.

Orient Paper Reports ₹8.25 Cr Q1 Net Loss; Appoints New Independent Director

🔴 NEGATIVE ⭐ 7/10

EARNINGS 📅 07 Aug 2026, 04:57 PM

Orient Paper & Industries reported a net loss of ₹8.25 crore for the quarter ended June 30, 2026, a sharp reversal from a profit of ₹33.99 crore in the same period last year. Revenue from operations declined 4.5% year-on-year to ₹227.61 crore, while total expenses remained elevated at ₹240.87 crore. The company also announced the appointment of Mrs. Anuradha Mookerjee, a former IRS officer, as an Independent Director for a 5-year term starting August 8, 2026. This board refresh coincides with the completion of Mrs. Gauri Rasgotra's term on August 21, 2026.

Revenue from operations decreased to ₹227.61 crore in Q1 FY27 from ₹238.34 crore in Q1 FY26.
Reported a Net Loss of ₹8.25 crore for the quarter, compared to a profit of ₹33.99 crore in the year-ago period.
Total expenses for the quarter stood at ₹240.87 crore, resulting in a loss before tax of ₹10.87 crore.
Finance costs reduced to ₹6.59 crore from ₹8.11 crore in the corresponding quarter of the previous year.
Mrs. Anuradha Mookerjee appointed as Independent Director for a 5-year term effective August 8, 2026.

💡 Investors should monitor the company's progress on its modernization and debottlenecking strategy to improve margins, as current operations remain loss-making despite a relatively low debt-to-equity ratio of 0.20.

₹8.25 Cr Net Loss in Q1; Revenue Declines 4.5% YoY as Operational Pressures Persist

🔴 NEGATIVE ⭐ 6/10

EARNINGS 📅 07 Aug 2026, 04:32 PM

Orient Paper reported a net loss of ₹8.25 cr for the quarter ended June 30, 2026, compared to a profit of ₹33.99 cr in the same period last year, which was previously inflated by a ₹51.84 cr deferred tax credit. Revenue from operations declined 4.5% YoY to ₹227.61 cr, primarily due to lower realizations in the Paper & Tissue segment. While the Loss Before Tax (LBT) narrowed to ₹10.87 cr from ₹17.85 cr YoY, the company remains operationally in the red. The board also appointed Mrs. Anuradha Mookerjee, a former IRS officer, as an Independent Director for a five-year term.

Revenue from operations decreased 4.5% YoY to ₹227.61 cr from ₹238.34 cr.
Reported a net loss of ₹8.25 cr against a net profit of ₹33.99 cr in Q1 FY26.
Loss Before Tax (LBT) stood at ₹10.87 cr, showing a slight improvement from the ₹17.85 cr loss in the year-ago quarter.
Paper & Tissue segment revenue fell to ₹213.63 cr from ₹224.31 cr YoY.
Finance costs reduced to ₹6.59 cr from ₹8.11 cr in the corresponding quarter last year.

💡 Investors should monitor the company's progress on its stated strategy of 'modernization and debottlenecking' to see if it can improve sub-optimal capacity utilization in the tissue plant and return to operational profitability.

99.9% Approval: Orient Paper Shareholders Pass All Resolutions at 90th AGM

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 31 Jul 2026, 06:41 PM

Orient Paper & Industries Limited has submitted the scrutinizer's report for its 90th Annual General Meeting held on July 31, 2026. Shareholders approved all three resolutions, including the adoption of FY26 audited financial statements and the re-appointment of Mr. Chandra Kant Birla as Director, with over 99.9% majority. The voting process saw approximately 10.57 crore valid votes cast for the primary resolution. This procedural filing confirms management continuity as the company faces a challenging financial backdrop with a -4.0% ROCE and Rs 292 Cr in debt.

Resolution to adopt FY26 financial statements passed with 99.9969% votes in favor (10,57,20,854 votes).
Re-appointment of Mr. Chandra Kant Birla approved with 99.9009% majority, despite 1,04,724 votes against.
Ratification of Cost Auditor remuneration received 99.9968% support from voting shareholders.
A single member's vote involving 11,50,000 shares was declared invalid across all three resolutions.
Remote e-voting was conducted between July 28 and July 30, 2026, based on a cut-off date of July 24, 2026.

💡 Investors should focus on upcoming quarterly results to see if the company's modernization and debottlenecking strategy is successfully mitigating the FY25 operating losses and high pulp price volatility.

Orient Paper Concludes 90th AGM; Re-appoints C.K. Birla to the Board

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 31 Jul 2026, 04:51 PM

Orient Paper & Industries Limited conducted its 90th Annual General Meeting (AGM) on July 31, 2026, to transact standard annual business. Key resolutions included the adoption of audited financial statements for the year ended March 31, 2026, and the re-appointment of Mr. Chandra Kant Birla as a Director. The company confirmed that the Statutory and Secretarial Auditor reports for FY26 contained no qualifications or adverse remarks. Voting results based on the July 24, 2026 cut-off date will be submitted separately.

90th Annual General Meeting successfully concluded on July 31, 2026, via video conferencing.
Remote e-voting was conducted over a 3-day window from July 28 to July 30, 2026.
Shareholder voting eligibility was based on a cut-off date of July 24, 2026.
Statutory and Secretarial Auditor reports for FY26 were presented with zero qualifications or adverse remarks.

💡 Monitor the upcoming disclosure of detailed voting results to confirm shareholder consensus on board re-appointments and financial adoptions.

Orient Paper to Hold 90th AGM on July 31, 2026; FY26 Annual Report Released

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 08 Jul 2026, 03:19 PM

Orient Paper & Industries Limited has scheduled its 90th Annual General Meeting (AGM) for July 31, 2026, at 2:30 P.M. via video conferencing. The company has released its Annual Report for the financial year 2025-26 and is providing a web-link to shareholders who have not registered their email addresses. This is a procedural filing under SEBI regulations to ensure all shareholders have access to the full financial disclosures. Investors should use this report to evaluate the company's progress on its modernization strategy and debt management (currently at ₹292 Cr).

90th Annual General Meeting scheduled for July 31, 2026
Annual Report released for the Financial Year 2025-26
AGM to be conducted via Video Conferencing (VC) / Other Audio-Visual Means (OAVM)
Company reported a net worth of ₹1468 Cr in the latest financial context
Debt stands at ₹292 Cr with a Debt/Equity ratio of 0.20

💡 Investors should access the provided web-link to review the full FY26 Annual Report, specifically looking for updates on tissue plant capacity utilization and modernization timelines.

Orient Paper sets July 25, 2026, as Record Date for 90th AGM

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 07 Jul 2026, 05:26 PM

Orient Paper & Industries Limited has announced its 90th Annual General Meeting (AGM) will be held on July 31, 2026. The company has fixed July 25, 2026, as the record date for determining shareholder eligibility for the meeting. The register of members and share transfer books will remain closed from July 25 to July 31, 2026. This is a standard administrative procedure to facilitate the annual meeting and voting processes.

90th Annual General Meeting scheduled for July 31, 2026, at 2:30 P.M. IST
Record date for the purpose of the AGM is fixed as July 25, 2026
Book closure period spans 7 days from July 25, 2026, to July 31, 2026
The meeting will be conducted through Video Conferencing (VC) or Other Audio-Visual Means (OAVM)

💡 Investors should ensure their shareholding is reflected in the records by July 25, 2026, to be eligible for voting on AGM resolutions. Watch for the Annual Report release for detailed updates on modernization and capacity utilization.

Orient Paper to hold 90th AGM on July 31, 2026; Cost Auditor remuneration set at Rs. 75,000

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 07 Jul 2026, 05:06 PM

Orient Paper & Industries Limited has scheduled its 90th Annual General Meeting (AGM) for July 31, 2026, to be conducted via video conferencing. The agenda includes the adoption of audited financial statements for FY 2025-26 and the re-appointment of Mr. Chandra Kant Birla as a director. Additionally, shareholders will vote on ratifying the remuneration of Rs. 75,000 for the Cost Auditor for the 2026-27 financial year. The company currently maintains a net worth of Rs 1,468 Cr with a debt-to-equity ratio of 0.20.

90th Annual General Meeting scheduled for July 31, 2026, at 2:30 P.M. IST
Cut-off date for e-voting eligibility is Friday, July 24, 2026
Proposed remuneration for Cost Auditor Mr. Somnath Mukherjee is Rs. 75,000 plus taxes for FY27
Book closure period for share transfers is from July 25 to July 31, 2026
E-voting period starts on July 28, 2026, and ends on July 30, 2026

💡 Investors should review the full Annual Report for updates on the company's modernization strategy and AI-led technological enhancements aimed at improving sub-optimal capacity utilization.

Orient Paper Submits Quarterly Compliance Certificate for Period Ended June 30, 2026

🟡 NEUTRAL ⭐ 2/10

REGULATORY 📅 06 Jul 2026, 04:52 PM

Orient Paper & Industries Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The document, issued by KFin Technologies Limited (the company's Registrar and Share Transfer Agent), confirms that all share dematerialization and rematerialization requests for the quarter ended June 30, 2026, have been processed. This is a routine administrative filing required by all listed entities to ensure the integrity of shareholding records. There is no impact on the company's financial position or business operations.

Compliance certificate issued for the quarter ended June 30, 2026
Certificate provided by Registrar and Share Transfer Agent, KFin Technologies Limited
Confirms adherence to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
Filing submitted to exchanges on July 6, 2026

💡 No action is required as this is a routine procedural filing. Investors should look forward to the upcoming quarterly financial results for material updates on business performance.

30+ Years Experience: Orient Paper Appoints Yogendra K. Varshney as New COO

🟡 NEUTRAL ⭐ 7/10

MANAGEMENT 📅 29 Jun 2026, 04:33 PM

Orient Paper & Industries has appointed Mr. Yogendra K. Varshney as Chief Operating Officer (COO) effective June 30, 2026. He succeeds Mr. C.S. Kashikar, who resigned from his position at the Amlai Paper Mills for personal reasons. Mr. Varshney brings over 30 years of manufacturing and project management experience, having held senior roles at Hindustan Unilever, Reckitt Benckiser, and Tamil Nadu Newsprint and Papers Ltd. This leadership change occurs as the company focuses on modernization and debottlenecking to address a recent FY25 operating loss of Rs. 5.11 Cr.

Appointment of Mr. Yogendra K. Varshney as COO effective June 30, 2026.
Mr. Varshney brings over 30 years of extensive experience in manufacturing and production operations.
Resignation of outgoing COO Mr. C.S. Kashikar effective from the close of business on June 29, 2026.
New COO previously served as Executive Director (Operations) & Chief Risk Officer at Tamil Nadu Newsprint and Papers Ltd.
The transition involves the leadership of the Amlai Paper Mills in Madhya Pradesh.

💡 Monitor the company's upcoming quarterly results for improvements in capacity utilization and plant reliability, which are key focus areas for the new COO.

Orient Paper Appoints Yogendra K. Varshney as COO Following Resignation of C.S. Kashikar

🟡 NEUTRAL ⭐ 7/10

MANAGEMENT 📅 29 Jun 2026, 04:29 PM

Orient Paper & Industries Limited has announced a transition in its senior management, appointing Mr. Yogendra K. Varshney as the new Chief Operating Officer (COO) effective June 30, 2026. This follows the resignation of Mr. C.S. Kashikar, who stepped down on June 29, 2026, citing personal reasons. The new COO brings over 30 years of experience from major firms like Hindustan Unilever and Tamil Nadu Newsprint, which is critical as the company seeks to improve its -4.0% ROCE and address sub-optimal capacity utilization in its tissue plant.

Mr. Yogendra K. Varshney appointed as Chief Operating Officer effective June 30, 2026.
Outgoing COO Mr. C.S. Kashikar resigned effective close of business June 29, 2026.
New COO brings over 30 years of experience in manufacturing, production, and project management.
Company is currently managing a debt of Rs 292 Cr against a net worth of Rs 1468 Cr.
The transition occurs as the company focuses on AI-led technological enhancements and debottlenecking capacities.

💡 Investors should monitor the new COO's ability to execute the company's modernization strategy and improve capacity utilization at the tissue paper plant, which has been a noted constraint.

View All ORIENTPPR Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Total revenue grew 7.67% YoY to Rs. 895.79 Cr in FY25. The Paper & Tissue segment contributed Rs. 751.30 Cr (83.9% of total), while the Chemicals segment contributed Rs. 161.87 Cr (18.1%). For H1 FY26, Paper & Tissue revenue was Rs. 355.03 Cr (down 6.7% YoY) and Chemicals was Rs. 89.24 Cr (up 18.7% YoY).

Profitability Margins

Operating Profit Margin declined significantly from 10.37% in FY24 to -0.57% in FY25. Net profit turned from a profit of Rs. 6.23 Cr in FY24 to a loss of Rs. 54.66 Cr in FY25. Return on Net Worth dropped from 0.40% to -3.47% YoY.

EBITDA Margin

Operating Profit Margin was -0.57% in FY25, representing a drop of 1,094 basis points from the previous year's 10.37% due to higher raw material costs and sub-optimal capacity utilization.

Capital Expenditure

The company invested Rs. 66.99 Cr on capital projects during FY25, focusing on modernization and debottlenecking of facilities.

Credit Rating & Borrowing

CARE A; Stable (downgraded from CARE A+; Negative in March 2025). Finance costs for H1 FY26 stood at Rs. 13.77 Cr on a total debt of approximately Rs. 252.98 Cr.

⚙️ Operational Drivers

Raw Materials

Bamboo, wood, and international pulp. High costs of bamboo and wood led to operating losses in 9MFY25.

Import Sources

International markets for pulp; domestic sources for bamboo and wood.

Capacity Expansion

Current focus is on debottlenecking and modernization rather than greenfield expansion; sub-optimal capacity utilization of the tissue paper plant remains a constraint.

Raw Material Costs

Raw material costs represent a significant portion of revenue; volatility in international pulp prices and high domestic bamboo/wood costs led to a negative operating margin of -0.57% in FY25.

Manufacturing Efficiency

Capacity utilization of the tissue plant is sub-optimal; modernization partnering with OEMs is underway to improve plant reliability.

Logistics & Distribution

AI-led technological enhancements are being implemented to optimize transportation planning and reduce distribution inefficiencies.

📈 Strategic Growth

Expected Growth Rate

10%

Growth Strategy

Growth will be achieved through modernization of facilities with OEM partners, debottlenecking capacities to improve margins, and AI-led technological enhancements to reduce production wastage and optimize logistics.

Products & Services

Writing and printing paper, tissue paper, and caustic soda (chemicals).

Brand Portfolio

Orient Paper.

Market Share & Ranking

Established market position in the tissue paper industry.

Strategic Alliances

Partnering with Original Equipment Manufacturers (OEMs) for facility modernization.

🌍 External Factors

Industry Trends

The industry is characterized by cyclicality and price volatility; there is an increasing focus on tissue paper where the company has an established position.

Competitive Landscape

The company operates in a competitive and cyclical market with pressure on realizations.

Competitive Moat

Moat is derived from being part of the established C. K. Birla group, providing financial flexibility and a long track record in the paper industry.

Macro Economic Sensitivity

Highly sensitive to cyclicality in the paper industry and volatility in global pulp prices.

Geopolitical Risks

Exposure to international pulp price volatility influenced by global trade dynamics.

⚖️ Regulatory & Governance

Industry Regulations

Operations are subject to pollution norms and environmental regulations typical of the paper and chemical industries.

Taxation Policy Impact

The company has exercised the option under Section 115BAA of the Income-tax Act, 1961.

Legal Contingencies

Significant contingent liabilities relating to water tax and cess on captive power consumption are currently under dispute.

⚠️ Risk Analysis

Key Uncertainties

Raw material price volatility (bamboo, wood, pulp) and cyclicality of the paper industry are primary risks that impacted FY25 margins by over 1,000 bps.