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The Indian Paper Industry accounts for about 1.6% of the world's production of paper and paperboard. Till now, the growth in paper industry has mirrored the growth in GDP. The Paper industry is a priority sector for foreign collaboration and 100% FDI is approved on automatic route by Reserve Bank of India. Currently, there are about 515 paper companies engaged in the manufacture of paper and paper boards and newsprint in India. The present study on the financial performance appraisal of paper industry in India has been undertaken in order to assess the overall position and compare the performance of two growing paper mills in India viz; Ballarpur Industries Limited (BILT) & JK Paper Ltd. This book will be useful for M.Com, MBA, M.Phil/Ph.D in Commerce & Management students of Indian universities and management institutions across the country.