NR Agarwal Reports FY26 Profit, Approves Dividend and Leadership Changes

NR Agarwal Industries has announced its audited financial results for the fiscal year ending March 31, 2026.

Financial Highlights for FY26

The company reported a total income of ₹2,145.45 crore and a net profit after tax of ₹43.70 crore for FY26. This represents an increase from the ₹30.15 crore net profit recorded in FY25.

Dividend and Leadership Decisions

The board recommended a final dividend of 20%, equivalent to ₹2 per share, which is subject to shareholder approval at the upcoming Annual General Meeting. Key directorial changes were also approved. Shri P. K. Mundra was re-appointed, while Shri Raunak Agarwal and Shri Rohan Agarwal were re-designated, aiming to ensure leadership continuity and potentially evolve strategic direction.

Company Background

NR Agarwal Industries operates in the paper manufacturing sector, producing writing and printing paper and paper boards from its facilities in Gujarat. The company has a history of rewarding shareholders with dividends. However, its capital structure remains leveraged, with long-term borrowings standing at approximately ₹500 crore in FY25.

Risk and Shareholder Actions

The proposed 20% dividend payout is contingent on shareholder approval at the Annual General Meeting.

Peer Comparison

In terms of scale and profitability, NR Agarwal's FY26 revenue of ₹2,145.45 crore and profit of ₹43.70 crore are below major peers such as JK Paper (revenue ~₹3300 Cr, PAT ~₹300 Cr) and Trident's paper segment (revenue ~₹2700 Cr, PAT ~₹350 Cr).

Next Steps for Investors

Investors will be watching shareholder voting on the proposed dividend payout. Performance under the newly designated management team and any future company guidance on market conditions and growth plans will also be key.