Andhra Paper

What Andhra Paper does

Andhra Paper Limited is one of India's largest integrated paper and pulp manufacturers, established in 1964 and listed on BSE and NSE under the ticker ANDHRAPAP. The company was rebranded from International Paper to Andhra Paper Limited in January 2020 following a postal ballot-approved name change. Corporate headquarters are in Hyderabad, with production concentrated at two integrated facilities in Rajahmundry and Kadiyam, Andhra Pradesh, employing approximately 2,500 people. Total installed production capacity is 259,400 TPA, anchored by ECF (Elemental Chlorine Free) pulp technology and supported by a recycling unit at Kadiyam and farm forestry operations under the Rythukosam program that develops improved Casuarina and Eucalyptus clones.

The product portfolio is organized into three streams. Writing and printing papers consist of surface-sized Maplitho grades marketed under brands such as Andhra Primavera, Andhra TruPrint Ultra, Writechoice, Splendor, and Pearlwhite. Copier papers are sold under the Reflection series across 65 to 100 GSM in pink and white shades, with SuperPrint positioned at the premium tier and 3D carton packaging formats available for retail distribution. Specialty papers span a broad catalogue of 20-plus SKUs including poster papers, cupstock and cupstock bottom for beverage packaging, pharma print grades for pharmaceutical labeling, thermal base paper for POS receipts, kraft papers, sketch and azurelaid grades, and straw paper for sustainable packaging. All products can be produced as FSC-certified on request.

Andhra Paper operates a sales-led B2B model that combines direct enterprise sales with a dealer network accessible via the ipaper.force.com portal, supplemented by sample-request workflows for prospective customers. End-markets include printing and publishing houses, educational institutions, corporate offices requiring copier paper, pharmaceutical companies for packaging and labeling, and food and beverage companies for cupstock and packaging applications, with selective export of specialty lines such as Manila Board. FY26 reported revenue was Rs 1,701.23 crore with net profit of Rs 18.62 crore, an increase of 10.4% and 79.1% year over year respectively. The company is currently executing an INR 400 crore mill-upgrade program for uncoated paperboard serving the luxury packaging segment, alongside an approved Green Field expansion at Kadiyam and a new tissue paper machine contract signaling diversification beyond traditional writing, printing, and copier categories.

Name

Andhra Paper

Legal name

Andhra Paper Limited

Website

https://andhrapaper.com

Company type

Public

Founded year

1964

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Andhra Paper Limited is an integrated Indian paper and pulp manufacturer established in 1964, producing writing, printing, copier, and specialty papers (cupstock, pharma, thermal, kraft) from its 259,400 TPA facilities in Rajahmundry and Kadiyam, selling through dealer and direct B2B channels to printers, publishers, corporates, and packaging converters.

Ownership category

akta.pro rank

Product category

Paper and Pulp Manufacturing

NAICS

Paper Mills (322120), Paper Bag and Coated and Treated Paper Manufacturing (322220)

SIC

Paper Mills (2621), Papers & Allied Products (2600), Converted Paper & Paperboard Prods (No Contaners/Boxes) (2670)

akta.pro primary industry

Paper Converting (Cut-Size, Reams, Sheets, Rolls for Printing/Writing) (IMAMAEAJ)

akta.pro secondary industries

Stationery & Office Paper Products (notebooks, pads, forms) (IMAMAHAG), Paper Converting Services (slitting, sheeting, coating, laminating, rewinding) (IMAMAHAJ), Specialty Paper Manufacturing (Coated, Release, Thermal, Filter, Security) (IMAMAEAC), Industrial & Technical Paper Manufacturing (Electrical, Abrasive Backing, Medical/Pharma) (IMAMAEAD)

Keywords

• Writing printing paper
• Copier paper manufacturing
• Specialty paper grades
• Pulp paper integration
• Paperboard packaging material

Headquarters

HQ city

Hyderabad

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Paper Products Sales: Revenue from manufacturing and selling writing, printing, copier and specialty papers for domestic and export markets

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Andhra Paper Limited manufactures and sells writing and printing papers, copier papers, and specialty papers through integrated paper and pulp operations at its Rajahmundry and Kadiyam facilities with total production capacity of 259,400 TPA. The product portfolio spans surface-sized Maplitho grades (Andhra Primavera, TruPrint Ultra, CCS, Writechoice, Splendor, Pearlwhite), the Reflection copier paper range (65-100 GSM in pink and white shades), and specialty papers including cupstock, pharma print, thermal base, kraft, straw, poster, board, and export-grade Manila Board for both domestic Indian and international markets.

Product overview

Andhra Paper Limited is one of the largest integrated paper and pulp manufacturers in India, producing writing, printing and copier papers for foreign and domestic markets. The company's product portfolio is organized into three main categories: (1) Writing & Printing papers including surface-sized Maplitho products (Andhra Primavera, Andhra Primavera White, Andhra TruPrint Ultra, Andhra CCS, Andhra TruPrint Ivory, Writechoice, Rhodamine, Splendor, Pearlwhite); (2) Copier papers under the Reflection brand (65-100 GSM variants in pink and white shades, plus 3D carton & wrapper formats); and (3) Specialty papers including poster papers, cupstock and packaging board products, pharma printing papers, thermal base paper, kraft papers, and industrial specialty papers. All products can be made as FSC® Certified on request. The company operates production facilities at Rajahmundry and Kadiyam with a total capacity of 240,000 TPA.

Differentiator

Problem solved

Functional benefit

Products and services

• SS Maplitho Writing and Printing Papers Surface-sized Maplitho writing and printing paper range in multiple brand variants (Primavera pink and white, TruPrint Ultra high-brightness, CCS, TruPrint Ivory, Writechoice, Rhodamine, Splendor, Pearlwhite) for commercial printers, publishers, and educational institutions requiring archival quality, alkaline sizing, and consistent press runnability.
• Reflection Copier Papers High brightness Reflection copier paper grade at 65, 70, 75, 80, and 100 GSM in pink and white shades (plus 3D cartoon and wrapper packaging formats), engineered for jam-free performance in high-volume printing, photocopying, and faxing in corporate, institutional, and office environments.
• SuperPrint Copier Paper Premium copier paper designed for high-quality printing and copying applications in office and institutional environments.
• Andhra Poster Papers Specialty poster paper range in NS/WT, color/white, PP (polypropylene-treated) white, ARSR-NS, and Deluxe WT variants for general poster printing, vibrant display, and high-end premium poster applications.
• Andhra Cupstock Papers Paperboard product family for cup and container manufacturing, comprising main cupstock grade, cupstock bottom grade for liquid packaging, and a kraft-based (K) cupstock variant used by food and beverage packaging converters.
• Andhra Pharma Print Papers Specialty paper in natural shade (NS) and white variants for pharmaceutical packaging and label printing applications.
• Andhra Thermal Base Paper Base paper for thermal coating, supplied to converters producing POS receipts and label substrates.
• Andhra Straw Paper Paper for drinking straw manufacturing within sustainable, paper-based packaging applications.
• Manila Board (Export) Manila board for export markets in multiple color and white options serving international specialty packaging and printing buyers.
• Andhra Ribbed/Plain Kraft Paper Natural shade kraft paper in ribbed and plain finishes for industrial packaging applications.
• Andhra Coating Base Paper Base paper for coating applications in premium paper production supplied to paper converters.
• Andhra Hi-Brite Blade Wrapper High-brightness paper for blade wrapping and industrial packaging applications.
• Andhra Stiffener Paper ARSR-NS stiffening paper for structural reinforcement in packaging applications.
• Andhra Board Paperboard in NS/WT for general board applications in packaging and printing.
• Andhra Pulp Board Pulp board in colored and white variants for specialty packaging applications.
• Andhra Sketch Choice Paper Paper designed for sketching and drawing applications.
• Andhra Azurelaid Paper Laid-textured specialty paper in olive shade for artistic and premium printing applications.
• Andhra Colour Printing Paper Specialty paper designed for vibrant color printing applications.

Quantifiable outcome

• FY26 full year revenue of Rs 1,701.23 crore, up 10.4% YoY
• +1 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• Government of Andhra PradeshcoreStrategic or Co-development Partner · 5 August 2025Memorandum of Understanding signed with Government of Andhra Pradesh for industrial operations and compliance. The company operates under environmental regulations with Andhra Pradesh Pollution Control Board oversight and has outstanding tax obligations (₹13 crore) to the Rajahmundry municipal corporation.
• AP Pollution Control BoardcoreOthers · 6 June 2024Regulatory relationship with Andhra Pradesh Pollution Control Board for environmental compliance, including approval for additional pulp capacity at Rajahmundry unit and PCC plant approval.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• JK Paper: JK Paper is one of India's largest integrated paper manufacturers producing writing/printing, copier, and packaging paper. Highly comparable to Andhra Paper on product mix, channels, scale (~400+ KTPA), and target customers in publishing and packaging, making it the most relevant domestic peer.
• Tamil Nadu Newsprint and Papers (TNPL): TNPL is an Indian integrated paper and pulp manufacturer producing writing, printing, and packaging paper with bagasse-based pulp. Directly competes with Andhra Paper in writing/printing grades serving Indian B2B paper customers.
• Seshasayee Paper and Boards: Seshasayee Paper is an Indian integrated writing and printing paper producer of comparable scale. Overlaps with Andhra Paper across Maplitho/copier grades and serves the same publishing and corporate buyer segments in India.
• West Coast Paper Mills: West Coast Paper Mills is an Indian integrated paper manufacturer producing writing, printing, and specialty papers. Comparable to Andhra Paper on integrated pulp-to-paper operations, product categories, and Indian B2B customer base.

Broad incumbents

• Century Plyboards (India): Century Plyboards operates larger-scale wood- and paper-based panels and boards including paperboard for packaging. Overlaps with Andhra Paper's paperboard and packaging paperboard segments but also offers plywood/MDF, making it a broader portfolio incumbent.
• International Paper: International Paper is the global integrated paper and pulp giant that previously owned the Andhra Paper business (formerly International Paper India/APPM). It is a broad incumbent in the paper manufacturing category with overlap in uncoated freesheet, packaging, and pulp.
• Stora Enso: Stora Enso is a European integrated paper and biomaterials major producing publication, packaging boards, and pulp. Relevant as a global incumbent comparable to Andhra Paper on integrated paper/pulp manufacturing and packaging boards.
• UPM-Kymmene: UPM-Kymmene is a Finnish integrated paper and pulp producer with global operations in graphic papers, specialty papers, and labels. Comparable on integrated operations and on the specialty paperboard/paperboard graphics paper side.
• Mondi Group: Mondi is a global integrated packaging and paper company with significant kraft paper and uncoated fine paper operations. Compares on integrated pulp/paper manufacturing and packaging-paperboard positioning relevant to Andhra Paper's specialty push.
• Sappi Limited: Sappi is a global integrated paper and pulp company with leading positions in coated and uncoated graphic papers plus specialty papers. Comparable to Andhra Paper on integrated operations, writing/printing grades, and specialty paper investments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/andhra-paper

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Andhra Paper