Aten Papers & Foam Limited Stock Price Today (NSE: ATENPAPERS)

Aten Papers & Foam Limited

21.50+0.00 (+0.00%)
Market Closed

Fundamental Score

...

Aten Papers & Foam Limited Share Price — Live NSE/BSE Price, Fundamentals & Analysis

Aten Papers & Foam Limited share price today is 21.50, up +0.00% on NSE/BSE as of 4 August 2026. Aten Papers & Foam Limited (ATENPAPERS) is a Small-cap company in the Paper & Paper Products sector with a market capitalisation of 22.91 (Cr). The 52-week high for ATENPAPERS share price is 35.20 and the 52-week low is 14.01. At a P/E ratio of 3.10x, ATENPAPERS is currently trading below its industry average P/E of 17.50x. The company has a Return on Equity (ROE) of 23.22% and a debt-to-equity ratio of 0.19.

Aten Papers & Foam Limited Share Price Chart — NSE/BSE Historical Performance

No data
High
24.25
Low
19.51
Volume
2.6K
Change
+4.07%

Aten Papers & Foam Limited share price chart: 4.07% return over the past month. 52-week high ₹35.20, 52-week low ₹14.01.

Aten Papers & Foam Limited — Last 10 Trading Days

DateOpenHighLowCloseVolume
20.4621.7020.4621.708.40K (Cr)
21.5021.5021.5021.500.00 (Cr)
20.4121.5020.3421.506.00K (Cr)
21.2721.2721.2721.273.60K (Cr)
21.2621.2621.2621.261.20K (Cr)
19.5121.0019.5120.262.40K (Cr)
20.1220.1220.1120.112.40K (Cr)
21.1621.1621.1621.160.00 (Cr)
22.2422.2421.1621.166.00K (Cr)
22.2422.2422.2422.240.00 (Cr)

Aten Papers & Foam Limited — Last 12 Months Price History

MonthOpenHighLowCloseChange
20.4621.7020.4621.70+6.06%
21.5024.2519.5121.50+0.00%
24.1225.3220.6620.66-14.34%
20.9529.2419.1222.98+9.69%
17.0021.6016.2020.25+19.12%
17.1320.8014.0114.43-15.76%
22.2523.9021.2021.20-4.72%
26.6526.7521.7922.00-17.45%
26.8028.3024.0126.59-0.78%
22.0029.0022.0026.80+21.82%
30.0030.0021.6022.61-24.63%
32.0032.8029.4530.00-6.25%

AI Research Briefing

Powered by Gemini · 2026-08-01

Ultra-cheap packaging paper trader executing strategic related-party mill acquisitions, but trapped by negative free cash flow and zero institutional sponsorship.

Research Confidence
5.0/10Moderate
MICRO-CAP DARK HORSEConsolidation pattern; 1M performance at -5.36%, 3M at 17.05%, and 1Y at -43.65%.Deep value territory at 3.1x P/E compared to industry average of 17.5x, reflecting micro-cap risk and negative cash flows.

WHAT'S HAPPENING NOW (last 2-4 weeks)

Routine regulatory filings dominate the last 3-4 weeks, including compliance certificates and leadership transitions following the resignation of Compliance Officer Neha Munot in June 2026. Operationally, FY26 audited results showed net profit expanding 60.2% YoY to ₹5.12 Cr on operational revenue of ₹119.90 Cr. This follows the March 31, 2026 board approval to acquire a 27.40% stake in Aten Paper Mill Limited for ₹11.78 Cr (cash consideration at ₹430/share). The target entity reported FY25 revenue of ₹177.65 Cr and net profit of ₹10.67 Cr.

CORE STORY (THE REAL GAME)

This is an Ahmedabad-based middleman paper trader attempting a backward integration flip via related-party stakes. The business model involves buying kraft paper from mills and reselling to packaging converters. The strategy hinges on channeling trading cash flows into target manufacturing assets owned by the promoter family to extract manufacturing margins rather than relying solely on thin broker spreads.

Why Now
  • FY26 net profit jumped 60.2% YoY to ₹5.12 Cr on revenue of ₹119.90 Cr.
  • Acquired 27.40% stake in Aten Paper Mill Limited for ₹11.78 Cr in cash.
  • Trading at a steep discount with 3.1x TTM P/E versus 17.5x industry peer average.
Potential Catalysts
  • Earnings consolidation and margin expansion from the Aten Paper Mill stake.
  • Reversal of 5-year negative free cash flow trend through better working capital control.
  • Entry of institutional investors or promoter stake additions.
Key Risks
  • 5-year Free Cash Flow is severely negative at ₹-15.66 Cr.
  • Major acquisition of ₹11.78 Cr is a related-party transaction involving MD Mohamedarif Lakhani.
  • Micro/SME cap with Market Cap of ₹22.91 Cr presenting extreme liquidity risk and wide bid-ask spreads.
Institutional Activity

Promoter holds 67.96% (Δ 0.0%), while FII and DII participation stands at 0.0% (Δ 0.0%), signaling complete lack of institutional coverage.

Macro Context

Indian paper packaging market expanding rapidly at over 8% CAGR driven by e-commerce corrugated demand, but raw material volatility remains a risk.

Order Book / Expansion

Acquired 27.40% stake in Aten Paper Mill Limited (FY25 turnover ₹177.65 Cr, PAT ₹10.67 Cr) for ₹11.78 Cr.

Cash Flow Quality

Poor quality; 5-year cumulative Free Cash Flow stands at ₹-15.66 Cr despite reported net profits.

3–6 Month Outlook

Revenue trajectory supported by paper trading volumes and mill integration, but stock re-rating hinges entirely on cash flow conversion. Operational risk remains elevated due to governance and micro-cap illiquidity.

Primary Thesis Risk

Persistent negative free cash flow combined with governance friction from related-party mill transactions.

For educational purposes only. Not investment advice. Consult a SEBI-registered advisor before investing.

Returns & Performance

Excellent

Return on Equity (ROE)

23.22%

Profit generated per ₹1 of shareholder equity

Excellent

Return on Capital (ROCE)

24.68%

Returns generated on total capital deployed

Poor

Oper. Profit Margin (5Y Avg)

4.95%

Average operating profit margin over 5 years

Dividend Yield

0.00%

Annual dividend as % of current share price

Aten Papers & Foam Limited Valuation Check

Excellent

Price to Earnings (P/E)

3.10x

Share price ÷ earnings per share. Lower = cheaper

Poor

Industry Avg P/E

17.50x

Average P/E of all peers in this sector

Market-cap Classification
Small-cap
Higher growth potential with higher volatility.

Shareholding Pattern

Excellent

Promoter Holding

67.96%

% shares held by company founders/management

Poor

FII Holding

0.00%

% shares held by foreign institutional investors

Poor

DII Holding

0.00%

% held by domestic mutual funds, LIC, banks

Excellent

Promoter Pledged %

0.00%

% of promoter shares pledged as collateral — lower is safer

Growth Engine

Excellent

Profit Growth (Quarterly YoY)

60.50%

Net profit growth vs same quarter last year

Excellent

Revenue Growth (Quarterly YoY)

48.91%

Revenue growth vs same quarter last year

Revenue Growth (5-Year CAGR)

N/A

Compounded annual revenue growth over 5 years

EPS Growth (5-Year CAGR)

N/A

Earnings per share growth over 5 years

Net Profit Growth (5-Year CAGR)

N/A

Compounded annual net profit growth over 5 years

Balance Sheet Health

Excellent

Debt to Equity Ratio

0.19x

Total debt ÷ equity. Below 0.5 = financially healthy

Excellent

Interest Coverage Ratio

25.95x

EBIT ÷ interest expense. Above 2.5 = can pay interest comfortably

Free Cash Flow (5-Year Total)

-15.66 (Cr)

Cash left after capex over 5 years. Positive = self-funded growth

Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice

Aten Papers & Foam Limited Fundamental Analysis & Valuation Benchmarking

Educational evaluation of ATENPAPERS across key market metrics for learning purposes.

Positive Indicators

9 factors identified

Strong Return on Equity (23.22%)

Observation: Efficient use of shareholders' capital generating superior returns.

Analysis: ROE >15% indicates strong profitability and effective management. This metric suggests the company can generate substantial returns on invested capital.

Excellent ROCE Performance (24.68%)

Observation: Superior returns on capital employed across business operations.

Analysis: ROCE >15% demonstrates efficient capital deployment and strong operational performance.

Attractive Valuation (P/E: 3.10 vs Industry: 17.50)

Observation: Trading at discount to industry peers.

Analysis: P/E below industry average may present value opportunity.

Robust Profit Growth (60.50%)

Observation: Strong year-over-year profit expansion demonstrates business momentum.

Analysis: Profit growth >20% indicates effective execution and market opportunity capture.

Strong Revenue Growth (48.91%)

Observation: Healthy sales growth indicates market demand and execution capability.

Analysis: Revenue growth >15% suggests strong market position and growth potential.

Conservative Debt Levels (D/E: 0.19)

Observation: Low leverage provides financial flexibility and reduced risk.

Analysis: Conservative debt structure offers resilience during economic downturns.

Strong Interest Coverage (25.95x)

Observation: Earnings comfortably cover interest obligations.

Analysis: Interest coverage >5x indicates low financial distress risk.

Balanced Promoter Holding (67.96%)

Observation: Optimal balance between promoter control and public float.

Analysis: Promoter holding in 50-75% range provides management alignment.

Zero Share Pledging Risk

Observation: No promoter shares pledged as collateral.

Analysis: Absence of share pledging eliminates potential forced-selling pressure.

Risk Factors

3 factors identified

Margin Pressure Concerns (4.95%)

Observation: Operating margins are below industry standards.

Analysis: OPM <5% may indicate pricing pressures or cost management challenges.

Negative Free Cash Flow (₹-15.66 Cr over 5Y)

Observation: Cash outflows exceed inflows.

Analysis: Negative FCF requires analysis of capital expenditure cycle.

No Dividend Distribution

Observation: Company does not currently pay dividends to shareholders.

Analysis: Zero dividend yield may indicate growth reinvestment focus or cash flow constraints.

Aten Papers & Foam Limited vs Paper & Paper Products Peers

Peer Comparison - Paper & Paper Products

Compare Aten Papers & Foam Limited with 10 other companies in the same sector

11 companies
Company Info
Fundamental
Valuation
Profitability
Financial Health
Growth
Dividend
Company
Company name
Score
Bull Run comprehensive fundamental score based on 20+ metrics
Price
Current trading price of the stock
Market Cap
Total value of all shares in the market
P/E
Price per share divided by earnings per share
ROE
Net income divided by shareholder equity
ROCE
Earnings before interest and tax divided by capital employed
Debt/Eq
Total debt divided by total equity
Profit 5Y
Average annual profit growth over 5 years
Sales 5Y
Average annual sales growth over 5 years
Dividend
Annual dividend per share divided by price per share
53.6/100
22
₹22.91
3.1
Average
23.22%
Excellent
24.68%
Excellent
0.2
Excellent
0.00%
5.6/100
1418
₹15929.47
-2.64%
Poor
-4.48%
Poor
1.5
Average
-31.07%
Poor
0.18%
Jk Paper Ltd...
JKPAPER532162
52.1/100
391
₹6781.13
24.4
Average
5.08%
Poor
7.64%
Poor
0.5
Excellent
4.07%
Average
20.80%
Excellent
1.33%
58.8/100
529
₹3515.88
23.4
Average
4.24%
Poor
6.16%
Poor
0.1
Excellent
115.02%
Excellent
13.77%
Good
0.56%
16.1/100
244
₹2224.79
29.9
Average
25.25%
Excellent
0.7
Good
0.00%
39.1/100
243
₹1373.42
16.6
Average
4.10%
Poor
5.60%
Poor
0.0
Excellent
-4.95%
Poor
16.94%
Excellent
0.92%
49.7/100
61
₹1243.88
66.8
Average
0.96%
Poor
1.98%
Poor
0.1
Excellent
45.20%
Excellent
13.92%
Good
1.60%
47.2/100
151
₹994.08
4.0
Average
11.25%
Average
6.40%
Poor
0.7
Good
37.74%
Excellent
10.91%
Good
2.09%
56.8/100
95
₹796.64
8.5
Average
14.95%
Average
19.80%
Good
0.1
Excellent
13.59%
Good
13.08%
Good
0.71%
39.1/100
473
₹753.33
15.8
Average
6.01%
Poor
8.47%
Poor
1.0
Average
-3.56%
Poor
13.37%
Good
0.45%
49.9/100
78
₹668.44
15.9
Average
3.44%
Poor
5.19%
Poor
0.7
Good
64.54%
Excellent
22.04%
Excellent
3.92%

Aten Papers & Foam Limited Quarterly Performance

Latest quarterly metrics for ATENPAPERS — revenue growth and profit growth vs same quarter last year

Revenue Growth (YoY)

48.91%

Latest quarter vs same quarter previous year

Net Profit Growth (YoY)

60.50%

Latest quarter net profit vs same quarter previous year

5-Year Revenue CAGR

N/A

Compounded annual revenue growth over 5 years

5-Year Profit CAGR

N/A

Compounded annual net profit growth over 5 years

Aten Papers & Foam Limited Technical Indicators

SMA 50, SMA 200, RSI and volume signals for ATENPAPERS — calculated from daily price history

38RSI 14
Neutral — RSI 38

Momentum is balanced — neither overbought nor oversold.

SMA 50
23
▼ Price below SMA 50 — Short-term bearish
SMA 200
23
▼ Price below SMA 200 — Long-term downtrend
30-Day Avg Volume
3K shares/day
Average daily traded volume over last 30 trading sessions

Technical indicators are for educational purposes only. Not investment advice.

Aten Papers & Foam Limited Financial Statements

Annual income statement, balance sheet and cash flow for Aten Papers & Foam Limited (ATENPAPERS) — sourced from NSE/BSE filings.

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Fetching financial data for Aten Papers & Foam Limited

About ATENPAPERS (Aten Papers & Foam Limited)

Aten Papers & Foam Limited is a dynamic entrant in India's paper and paper products sector, carving a niche as a prominent trader of diverse paper grades. The company distinguishes... itself through a commitment to sourcing and distributing a specialized range of paper solutions, catering to diverse industrial and commercial requirements. From the robust strength of kraft paper used in packaging to the specialized absorbency of paper used in hygiene products, the company demonstrates a thorough understanding of market demands. Aten Papers & Foam Limited focuses on delivering quality and reliability to its clients, enabling them to meet their own production needs efficiently and effectively. Their strategic approach aims to position them as a trusted partner within the supply chain. Aten Papers & Foam Limited provides a carefully curated selection of paper types designed to meet specific application needs. Within their portfolio are paper bag kraft paper for resilient packaging, coating-based paper optimized for enhanced print quality and protection, and food-grade paper which meets stringent safety standards. The portfolio encompasses Machine Glazed Paper, valued for its smooth surface finish, and Pressure Sensitive Adhesive Paper. By offering such a comprehensive range, the company caters to a wide spectrum of businesses, from manufacturers seeking packaging solutions to printers demanding high-quality media. Aten Papers & Foam Limited focuses on providing a solution for its clients. Aten Papers & Foam Limited, established in 2019 and headquartered in Ahmedabad, has quickly established itself in the region. Though a relatively young company, it operates with an experienced team that is focused on growth within the national marketplace. Their location in Ahmedabad provides strategic access to key industrial hubs and transportation networks, facilitating efficient distribution across India. With an approach based on understanding market trends and developing strong supplier relationships, Aten Papers & Foam Limited is poised for expansion. The firm's objective is to continue to strengthen its position as a provider of quality paper products.

Company Details

Symbol:ATENPAPERS
Industry:Paper & Paper Products
Sector:Paper & Paper Products

Key Leadership

Mr. Mohamedarif Mohamedibrahim Lakhani
MD & Chairman
Ms. Amrin Lakhani Mohamedarif
Founder & Non-Executive Director
Mr. Sunera Zuned Lakhani
CFO & Executive Director

ATENPAPERS Share Price: Frequently Asked Questions

What is the current share price of Aten Papers & Foam Limited?

Aten Papers & Foam Limited (ATENPAPERS) trades at ₹21.50 on NSE and BSE. Market cap ₹22.91 (Cr). Educational data only.

What is the P/E ratio of Aten Papers & Foam Limited?

Aten Papers & Foam Limited has a P/E of 3.10x vs industry average 17.50x.

What is the Bull Run score for Aten Papers & Foam Limited?

Aten Papers & Foam Limited has a Bull Run score of 53.6/100 based on 25+ financial parameters.

Does Aten Papers & Foam Limited pay dividends?

Aten Papers & Foam Limited has a dividend yield of 0.00%. Past dividends don't guarantee future payments.

What is the ROE of Aten Papers & Foam Limited?

Aten Papers & Foam Limited has ROE of 23.22%. Higher ROE indicates better use of shareholder equity.

What is the debt-to-equity ratio of Aten Papers & Foam Limited?

Aten Papers & Foam Limited has debt-to-equity of 0.19.

Is Aten Papers & Foam Limited a good investment?

Bull Run gives Aten Papers & Foam Limited a score of 53.6/100. This is not investment advice — consult a SEBI-registered advisor.