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Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

Credit Rating (CRISIL)
Crisil BB/Stable/Crisil A4+
Rates the company's debt-servicing ability — not the quality or value of its shares.
Rated: 30 Aug 2025
This rating is over a year old.
View Full ReportValuation
Financials (FY2024)
Source: CRISILInvestment Thesis
Kolkata-based printing and writing paper (PWP) and paperboard manufacturer established 1974. Revenue doubled from ₹51 Cr (FY2022) to ₹102 Cr (FY2024) — strong volume growth. However, operating margins compressed from 13.2% to 8.3% and net cash accrual fell. CRISIL-rated. 377 employees. Unlisted. Positive top-line trajectory but margin management is key challenge. Paper sector faces structural pressure from digitisation.
Pros
Cons
Business Segments
Printing and Writing Paper (PWP) manufacturing
Paperboard and straw board manufacturing
Revenue Model
Revenue is generated through manufacture and sale of paper, paperboard, and straw board products to packaging companies, industrial buyers, and distributors in eastern India.
Detailed Analysis
Growth Plans
Rising demand for sustainable and recyclable packaging boards driven by plastic packaging bans
E-commerce growth in India increasing demand for corrugated and paperboard packaging
Industry Tailwinds
Rising demand for sustainable and recyclable packaging boards driven by plastic packaging bans
E-commerce growth in India increasing demand for corrugated and paperboard packaging
Recent Developments
Comparable Companies
WESTCOAST
ANDHRAPAP
Frequently Asked Questions
About Supreme Paper Mills
Supreme Paper Mills Ltd is a Kolkata-based paper manufacturing company incorporated on December 23, 1974 under CIN U21015WB1974PLC029542. Registered at the Registrar of Companies, Kolkata and headquartered at 12 Darga Road, Ground Floor, Kolkata 700017, the company has over 50 years of history in the Indian paper industry. The company manufactures paper board and straw board — packaging materials used extensively in box manufacturing, book binding, consumer goods packaging, and industrial applications. Paper board is a multi-layer board material used for making packaging boxes and cartons, while straw board is a lower-cost option made from agricultural straw residue. Supreme Paper Mills reported revenue of Rs.51.2 crore in FY2022 and has 383 employees as of March 2024, placing it firmly in the small-to-mid-scale segment of India's paper industry. Its authorized share capital is Rs.15 crore and paid-up capital is Rs.12.50 crore — a reasonably well-capitalised structure for its revenue scale. Kolkata and West Bengal have historically been important centres of India's paper and packaging industry, with several mills historically operating along the Hooghly River. The state has significant industrial demand for packaging materials from its diverse manufacturing base. India's packaging industry is growing at 8-10% annually driven by e-commerce growth, FMCG expansion, and increasing adoption of organised retail. Paper board manufacturers like Supreme Paper Mills benefit from this secular growth trend. The company's long operational history provides it with established customer relationships and manufacturing know-how.
Key Milestones
1974 — Incorporated in Kolkata as paper mill
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Takes 2 minutes
We source & quote
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Quote valid for 3 days
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Shares reach your demat
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Unlisted shares are illiquid and carry higher risk. Pricing is indicative, not live, and these are private off-market transactions with no exchange settlement guarantee. Read the full risk disclosure.
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Industry Headwinds
Competition from larger integrated paper mills with economies of scale
Environmental compliance costs increasing operational expenditure
Digital substitution reducing demand for certain paper-based products
Paper and straw board manufacturing is a mature, low-margin industry facing competition from cheaper imports and digital alternatives to paper-based products
Source: Company Financial Filings
Straw board and paperboard manufacturing is dependent on agricultural residues and wood pulp, which are subject to seasonal availability and price fluctuations
Source: AlphaHub Research
Paper manufacturing operations face increasing regulatory pressure on effluent treatment and environmental compliance
Source: Regulatory Filings
Paper and straw board manufacturing is a mature, low-margin industry facing competition from cheaper imports and digital alternatives to paper-based products
Straw board and paperboard manufacturing is dependent on agricultural residues and wood pulp, which are subject to seasonal availability and price fluctuations
Paper manufacturing operations face increasing regulatory pressure on effluent treatment and environmental compliance
Developed PWP (Printing & Writing Paper) and paperboard manufacturing capabilities
2022–2024 — Revenue doubled from ₹51 Cr to ₹102 Cr
2025 — CRISIL rating document published April 2025