Star Paper Mills Share Price Forecast to 2030

July 31, 2026
Posted by: Ankit Jaiswal
Category: News

Star Paper Mills share price Rs 148.59. 52W high Rs 190.00, low Rs 116.00. Market cap Rs 232. Cr. 2030 scenario range Rs 111.44 to Rs 267.46.

The Star Paper Mills share price forecast for the next 3 years is a question on many investors’ minds as the stock trades at Rs 148.59, within a 52 week range of Rs 116.00 to Rs 190.00. This article lays out a scenario based Star Paper Mills share price outlook for 2027, 2028 and 2030, built on the company’s fundamentals, sector trends and the key risks that could change the trajectory. Rather than a single number, the focus here is on the range of outcomes and the assumptions behind each one.

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Table of Contents

Star Paper Mills Company Overview

Star Paper Mills manufactures writing, printing and specialty paper from its integrated mill. Understanding the business model is the first step in framing any credible Star Paper Mills share price forecast, because the durability of earnings ultimately decides where the stock trades.

Company	Star Paper Mills
NSE Ticker	STARPAPER
CMP	Rs 148.59
52 Week High	Rs 190.00
52 Week Low	Rs 116.00
Market Cap	Rs 232. Cr
Stock PE	7.08
Book Value	₹ 454
ROE	4.71 %
ROCE	5.03 %
Dividend Yield	2.36 %

Where Does Star Paper Mills Share Price Stand Today?

The stock currently trades at Rs 148.59, within a 52 week range of Rs 116.00 to Rs 190.00. For anyone building a Star Paper Mills share price forecast, this means the valuation starting point is a P/E of 7.08. How the broader Nifty 50 index trades over this period will also influence the multiple investors are willing to assign to the stock.

At the current price, Star Paper Mills commands a market capitalisation of Rs 232. Cr and trades at a price to earnings multiple of 7.08. The company generates a return on equity of 4.71 % and a return on capital employed of 5.03 %. These numbers anchor the Star Paper Mills share price forecast scenarios that follow.

Star Paper Mills Share Price Forecast: Key Growth Drivers for the Next 3 Years

The primary growth catalyst for Star Paper Mills is rising demand for specialty and writing printing paper. This driver is anchored in structural trends within the Packaging sector.

Earnings Trajectory and Return Ratios

Stock prices ultimately follow earnings. The pace at which profits compound over FY27 to FY30 will be the single biggest determinant of the Star Paper Mills share price forecast actually playing out. Consistent earnings delivery tends to expand valuation multiples, while misses compress them quickly.

Packaging Sector Dynamics

Sector trends are a second key driver. Within the space, investors often benchmark Star Paper Mills against peers such as Seshasayee Paper and Boards, Shreyans Industries, JK Paper on growth and valuations before forming a view on the Star Paper Mills share price forecast for the next 3 years.

Balance Sheet and Debt Management

the ability to manage financial leverage will directly influence the Star Paper Mills share price forecast. Companies that reduce debt or fund growth without diluting equity tend to see stronger share price appreciation.

Macro and Policy Environment

Interest rate cycles, currency movements and sector-specific policy changes will also shape the Star Paper Mills share price forecast over the 2027 to 2030 horizon. These are harder to predict but need to be monitored closely.

Consult a SEBI Registered Investment Advisor Before Acting on Any Forecast

Key Risks to the Star Paper Mills Share Price Forecast

The Star Paper Mills share price forecast could be materially impacted by pulp input cost volatility and competitive intensity in paper manufacturing are key risks. These risks are not unique to Star Paper Mills but the degree of impact depends on the company’s specific exposure and management quality.

Star Paper Mills Share Price Forecast: 3-Year Scenario Table

The following indicative scenario analysis is illustrative only and does not constitute a research-grade price target. Actual outcomes will depend on company performance, sector dynamics, and macroeconomic conditions.

Scenario	3-Year Indicative Range	Key Assumptions
Bull Case	Rs 267.46	Strong execution, sector tailwinds materialise, margin expansion via operating leverage
Base Case	Rs 200.60	Steady growth broadly in line with sector, manageable cost pressures, stable demand conditions
Bear Case	Rs 111.44	Demand slowdown, margin compression from rising costs, or sector-specific headwinds materialise

These ranges are not investment advice. The bull case assumes key growth drivers materialise fully, while the bear case reflects meaningful headwinds. The base case represents a moderate, sector-average outcome.

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Should You Invest in Star Paper Mills?

Any investment in Star Paper Mills must be evaluated against your own risk profile, investment horizon, and portfolio composition. The Star Paper Mills share price forecast outlined here is scenario-based and not a guaranteed outcome. Key considerations are the growth drivers (rising demand for specialty and writing printing paper), the risks (pulp input cost volatility and competitive intensity in paper manufacturing are ), and how those interact with your overall portfolio strategy.

Retail investors are always advised to consult a SEBI-registered investment advisor before taking any position. The Packaging index provides a useful benchmark for comparing Star Paper Mills share price performance against the broader sector.

Conclusion

The Star Paper Mills share price forecast for the next 3 years ranges from Rs 111.44 in the bear case to Rs 267.46 in the bull case, with a base case around Rs 200.60. The primary driver is rising demand for specialty and writing printing paper, while the main risk is pulp input cost volatility and competitive intensity in paper manufacturing are . Investors should track quarterly results, balance sheet trends, and sector developments to refine their view as the forecast horizon approaches.

This article is for informational purposes only. Consult a SEBI-registered advisor before investing.

Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risks. Past performance is not indicative of future returns. This article is for informational purposes only and does not constitute financial advice. SEBI Research Analyst Registration No. INH000013776. Investment Adviser Registration No. INA000017639. Broker Registration No. INZ000317437.

Frequently Asked Questions on Star Paper Mills Share Price Forecast

What is the Star Paper Mills share price forecast for the next 3 years?

Ans. The Star Paper Mills share price forecast for the next 3 years is scenario based rather than a single number. By 2030, the illustrative range spans Rs 111.44 in the bear case to Rs 267.46 in the bull case, with a base case near Rs 200.60, depending on earnings delivery and market conditions.

What is the Star Paper Mills share price forecast for 2027?

Ans. For 2027, the scenario range works out to Rs 141.16 to Rs 193.17, with a base case around Rs 163.45. This assumes compounding on the current price of Rs 148.59 and is illustrative, not a guaranteed outcome.

What is the Star Paper Mills share price forecast for 2028?

Ans. The 2028 scenario range is Rs 126.30 to Rs 222.88, with the base case near Rs 178.31. Actual levels will depend on earnings growth, sector trends and overall market valuations at the time.

What is the current share price of Star Paper Mills?

Ans. Star Paper Mills currently trades at around Rs 148.59 on the NSE, within a 52 week range of Rs 116.00 to Rs 190.00. Prices change continuously during market hours, so check live quotes before acting.

Is Star Paper Mills a good stock for the long term?

Ans. Star Paper Mills has a long term story built on rising demand for specialty and writing printing paper, but it also carries risks since pulp input cost volatility and competitive intensity in paper manufacturing are . Long term suitability depends on your risk profile and portfolio, so consult a SEBI registered investment advisor before investing.

What is the Star Paper Mills share price outlook for 2030?

Ans. The Star Paper Mills share price outlook for 2030 spans Rs 111.44 to Rs 267.46 across bear and bull scenarios. Where the stock actually lands will be driven by profit growth, valuation multiples and macro conditions closer to that date.

What are the key risks to the Star Paper Mills share price forecast?

Ans. The main risks are pulp input cost volatility and competitive intensity in paper manufacturing are key risks. Any of these can push the stock below the base case scenario discussed in this article.

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Author: Ankit Jaiswal

Ankit Jaiswal is the Senior Research Analyst at Univest, leading the platform's in-house equity research desk and serving as the editorial reviewer for all research and blog content published at univest.in. With 11+ years of experience in Indian equity markets, he oversees stock recommendations, earnings analysis, sector coverage, and ensures every published article meets SEBI Research Analyst Regulations. He holds a Bachelor of Commerce (B.Com) from St. Xavier's College, Kolkata — one of India's most prestigious commerce institutions — and has cleared CMT Level 2 from the CMT Association, a globally recognised certification in technical analysis and market research. His research methodology combines fundamental analysis (earnings quality, balance sheet strength, management commentary) with advanced technical analysis (chart patterns, momentum indicators, market structure) — giving Univest's retail investors a dual-lens approach that most Indian research platforms lack. Ankit is among the most comprehensively certified analysts in Indian financial media, holding five NISM certifications: Series-XV (Research Analyst), Series-VIII (Equity Derivatives), Series-VII (SORM), Series-VI (Depository Operations), and Series-V-A (Mutual Fund Distributors). At Univest — India's SEBI-registered research and advisory platform — Ankit's responsibilities include leading the research team, finalising stock recommendations published across Pro Lite, Pro Super, and Pro Gold advisory services, and maintaining editorial oversight of all YMYL financial content published on the blog.