October 2026
Largest Paper & Forest Products Public Companies in India
Benchmark revenue and EBITDA valuation multiples for public comps like
Century Plyboards (India), Aditya Birla Real Estate, JK Paper, West Coast Paper Mills and Greenply Industries.
 | Century Plyboards makes plywood, laminates, medium density fibreboard, particle board and doors for furniture and interiors. It sells through dealers and has factories in several Indian states and in Myanmar and Laos. Headquartered in Kolkata. | $7 | -21% | $1.5B | $1.7B | 3.0x | 25.4x | ||
| Aditya Birla Real Estate Ltd formerly Century Textiles & Industries Ltd is a manufacturer with two business segments: Pulp and Paper, and Real Estate. The Real Estates segment includes leased properties. The pulp and paper segment sells products including writing and printing paper, tissue paper, and paper board. The majority of the company's revenue is generated in India. | $11 | -46% | $1.3B | $1.3B | 30.4x | (34.5x) | ||
| JK Paper makes coated and uncoated paper, packaging boards and copier paper, and sells under brands such as JK Copier. It is one of the largest paper producers in India and also makes packaging products. Mills are in Odisha and Gujarat. Headquartered in New Delhi. | $4 | -13% | $704M | $943M | 1.3x | 10.2x | ||
| West Coast Paper Mills makes writing and printing paper, packaging board and tissue from wood and recycled fibre at its Dandeli mill in Karnataka. Customers include publishers, converters and packaging users. It also generates captive power. | $8 | +63% | $548M | $519M | 1.2x | 10.2x | ||
| Greenply Industries makes plywood, medium density fibreboard, decorative veneers and doors for interiors. It sells through dealers to homeowners, architects and builders in India and exports to other markets. It is headquartered in Kolkata. | $3 | -11% | $382M | $435M | 1.5x | 19.0x | ||
| Tamil Nadu Newsprint and Papers is a state-owned paper maker producing printing and writing paper, newsprint and packaging board using bagasse and wood pulp. Customers are publishers, printers and packaging firms. Based in Chennai with mills in Karur and Mondipatti. | $1 | -22% | $95M | $263M | 0.5x | 4.7x | ||
| Median | $5 | -17% | $626M | $731M | 1.4x | 10.2x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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