Technology has decreased the use of paper, but it will never completely replace it. Because of this, despite the global financial crisis and economic unrest, the paper industry is continuously growing. It is a necessary component of existence in both urban and rural locations.
According to research, India’s paper usage will increase to 30 million tonnes by 2027. Additionally, the paper industry has already spent Rs 25,000 crores on clean and green technology over the past five to seven years in an effort to be ecologically friendly.
The Best Paper Stocks 2023
The best paper company stocks in India for 2023 are listed below:
JK Paper Ltd.
As a pioneer in coated papers and premium packaging boards, the company is known for offering environmentally friendly solutions for all of our paper needs. The ability of JK Paper Ltd. to make paper without causing any harm to natural trees is one of its strengths. JK Paper Ltd saw a 43.01% increase in annual revenue. It surpasses its 3-year CAGR of 7.29% significantly. The stock’s 3-year return was likewise significantly greater (313.37%) than the return of the Nifty Midcap 100 (101.64%).
Satia Industries Ltd.
One of the biggest wood and agricultural paper factories in India is Satia Industries Ltd. Agriculture, energy, paper writing and printing, solar power, and wood pulp are some of its major revenue streams. In the past three years, its quarterly development has been the loftiest. The annual revenue increase for Satia Industries Ltd. was 54.04%, in contrast to a 3-year CAGR of 6.72%. The stock returns are also greater than the Nifty Smallcap 100, its standard.
West Coast Paper Mills Ltd.
West Coast Paper Mills Ltd. is a significant and long-standing manufacturer of writing, printing, and packaging papers in India. West Coast Paper Mills Ltd. beat its three-year CAGR of 19.57% with 51.41% annual sales growth.
The stock return was 159.38% as of the most recent trading day, corresponding to the 80.94% return of the Nifty smallcap 100.
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