Company Overview :
The Present Name Andhra Paper Limited https://www.andhrapaper.com has been given to the company in 2020. Formerly known as International Paper APPM Limited, this company which was established as Andhra Pradesh Paper Mills in 1964 has a rich history. It is listed on BSE and NSE. The company engaged in the business of writing, printing, and copier papers for foreign and domestic markets. Its market cap as on date 1377 crore and currently trading at 346.30 at NSE and 344.10 at BSE. The company is almost debt free, with zero promoter pledge and giving good quarterly profit. Stock price gained more than 50% in last one month. Now its immediate Resistance (R1: 356, R2: 360 and R3: 371) and immediate support at (S1: 330, S2: 290 and S3: 270)
Financial Views
Andhra Paper Limited Board approved its audited financial results for the Q4 FY 22 on 05th May 2022. The company has reported the highest ever quarterly revenues backed by increased realizations. The consolidated revenue of the company in the fourth quarter of the financial year 2022 has risen to Rs. 44206.72 lakhs as against Rs 35384.76 lakhs in the last quarter of this financial year. The Net Profit of the company has risen up to Rs 5744.74 lakhs in comparison to Rs 3726.93 lakhs in the last quarter of this financial year.
Dividend Announcement
The Board has recommended a final dividend of Rs. 7.50 on the equity share of Rs. 10/- each, fully paid up, (representing 75% of paid-up value,) for the financial year 2021-22.
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Our Views on stock
Andhra Paper Limited identified from our end at 340-345 range for our target of 375 and 425. Once target hit will revised our target in three digit (500++). Stock with consistent financial performance, quality management, and strong technical momentum indicates good investor enthusiasm. Stock is now 7.65% away from the 52-week high and 68.80% away from 52 Week low. Stock is in bullish momentum above short, medium, and long-term moving averages. Andhra paper limited up by 1.09% vs Nifty 50 down by -7.84% in last one month. SBI Group and Sundaram Group are top holdings in their portfolio. Company market cap is the highest in the industry and the market leader in profit growth (TTM). Promoter released all pledge shares on Mar 22 Qtr. FII/FPI have increased their holding from o.oo% to on19% in Mar 22 qtr. The number of FII/FPI investors increased from 12 to 13 in Mar 22 qtr. Mutual funds have decreased holdings from 11.08% to 8.58% in Mar 22 qtr. The number of Mutual Fund schemes decreased from 3 to 2 in Mar 22 qtr.
Note:- Ace investor Radhakishan Damani holds a 1.26% stake as per the current share holding Pattern.
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