WEBSITE BSE:532896 NSE: MAGNUM VENT Inc. Year: 1980 Industry: Paper & Paper Products My Bucket: Add Stock
Last updated: 15:21
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1. Business Overview
Magnum Ventures Ltd. is an Indian company primarily engaged in the manufacturing and trading of various paper products. Its core business involves the production of different grades of paper, which are then sold to a diverse customer base. The company generates revenue by converting raw materials like waste paper and other cellulosic materials into finished paper products, catering to printing, writing, and packaging segments.
2. Key Segments / Revenue Mix
The primary revenue segment for Magnum Ventures Ltd. is the manufacturing and sale of paper and paper products. While specific revenue contributions for different paper grades are not typically disclosed in detail by the company, its product portfolio generally includes writing and printing paper, as well and potentially packaging paper, derived mainly from recycled paper.
3. Industry & Positioning
Magnum Ventures operates within the Indian Paper & Paper Products industry, which is characterized by a mix of large integrated players and numerous smaller to mid-sized mills. The industry is generally fragmented, with demand driven by literacy rates, education, packaging needs (especially from FMCG and e-commerce), and general economic growth. Magnum Ventures is considered a smaller to mid-sized player in this competitive market, likely focusing on cost-effective production, particularly through the use of recycled fiber, to maintain its position.
4. Competitive Advantage (Moat)
Magnum Ventures operates in a largely commodity-driven market, making it challenging to establish significant durable competitive advantages (moats). Its potential advantages, if any, could include:
Cost Efficiency: Potential focus on efficient utilization of recycled raw materials and optimized manufacturing processes to achieve lower production costs.
Local Sourcing/Distribution: Established relationships for sourcing raw materials and a distribution network within its operating regions.
However, these are generally not considered strong, long-lasting moats in the paper industry, which often sees price-based competition.
5. Growth Drivers
Key factors that can drive growth for Magnum Ventures over the next 3-5 years include:
Increasing Literacy & Education: Growing demand for writing and printing paper in India.
E-commerce & Packaging Demand: Rise in online shopping and organized retail boosts demand for packaging paper and boards.
Urbanization & Consumerism: Increased consumption of packaged goods and hygiene products, driving demand for various paper products.
Focus on Recycled Paper: Growing environmental consciousness and regulatory push can favor companies utilizing recycled content, potentially benefiting Magnum Ventures.
6. Risks
Key business risks for Magnum Ventures include:
Raw Material Price Volatility: Fluctuations in the prices of waste paper, pulp, and other key inputs can impact profitability.
Energy Costs: Paper manufacturing is energy-intensive; rising fuel and power costs can significantly affect operational expenses.
Environmental Regulations: Strict environmental norms regarding water usage, pollution, and waste disposal can lead to higher compliance costs.
Competition: Intense competition from larger, more integrated players and unorganized sectors can put pressure on pricing and margins.
Digital Substitution: Decline in demand for certain paper types (e.g., newsprint, some writing paper) due to digitalization.
Economic Slowdown: A general economic downturn can reduce overall industrial demand for paper products.
7. Management & Ownership
Magnum Ventures Ltd. is promoted by the Saraf family, with Mr. Sanjay Saraf often associated with its management. Promoter holdings typically signify a vested interest in the company's long-term performance. The quality of management is generally assessed based on their strategic decisions, operational efficiency, and ability to navigate industry challenges. The ownership structure likely involves a significant promoter stake, with the remaining shares held by the public and institutional investors.
8. Outlook
Magnum Ventures operates in an essential yet challenging industry. The company can benefit from the underlying growth in India's education, consumer goods, and e-commerce sectors, which drive demand for paper and packaging. Its focus on recycled materials could also offer some resilience against virgin fiber price volatility and align with sustainability trends. However, the business is exposed to the cyclical nature of commodity prices for raw materials and energy, intense competition, and the ongoing risk of digital substitution for certain paper products. Profitability will likely depend on the company's ability to maintain cost efficiency, manage input price volatility, and adapt to evolving market demands and environmental regulations within a price-sensitive market.
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Market Cap ₹135 Cr.
Stock P/E 14.2
P/B 0.7
Current Price ₹19.8
Book Value ₹ 28.9
Face Value 10
52W High ₹30.2
Dividend Yield 0%
52W Low ₹ 16.2
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 120 | 112 | 121 | 97 | 131 | 90 | 84 | 119 | 116 | 119 |
| Other Income | 2 | 1 | 1 | 8 | -8 | 1 | 0 | 1 | 0 | 0 |
| Total Income | 122 | 114 | 121 | 105 | 122 | 91 | 84 | 119 | 116 | 119 |
| Total Expenditure | 97 | 99 | 107 | 93 | 110 | 79 | 61 | 96 | 109 | 99 |
| Operating Profit | 25 | 15 | 15 | 12 | 13 | 12 | 23 | 23 | 7 | 20 |
| Interest | 1 | 1 | 1 | 1 | 3 | 8 | 8 | 8 | 9 | 10 |
| Depreciation | 4 | 11 | 11 | 11 | 12 | 11 | 12 | 12 | 14 | 11 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 6 | 0 | 0 | -1 | 0 | 0 |
| Profit Before Tax | 20 | 4 | 3 | 0 | 4 | -7 | 4 | 2 | -16 | -1 |
| Provision for Tax | -1 | 0 | -3 | -2 | -9 | 6 | -5 | -3 | 2 | -2 |
| Profit After Tax | 21 | 3 | 5 | 3 | 13 | -13 | 9 | 5 | -18 | 1 |
| Adjustments | -0 | 0 | 0 | -0 | 0 | -0 | -0 | 0 | -0 | -0 |
| Profit After Adjustments | 21 | 3 | 5 | 3 | 13 | -13 | 9 | 5 | -18 | 1 |
| Adjusted Earnings Per Share | 4.7 | 0.7 | 1.1 | 0.5 | 2.3 | -2.1 | 1.3 | 0.8 | -2.7 | 0.2 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 224 | 230 | 215 | 257 | 278 | 241 | 177 | 328 | 460 | 461 | 396 | 438 |
| Other Income | 0 | 1 | 1 | 1 | 1 | 2 | 6 | 3 | 5 | 2 | 2 | 1 |
| Total Income | 224 | 231 | 216 | 257 | 279 | 243 | 182 | 332 | 465 | 462 | 397 | 438 |
| Total Expenditure | 207 | 230 | 218 | 241 | 260 | 236 | 164 | 306 | 418 | 408 | 319 | 365 |
| Operating Profit | 17 | 1 | -2 | 16 | 18 | 7 | 19 | 26 | 48 | 54 | 79 | 73 |
| Interest | 38 | 53 | 0 | 0 | 0 | 1 | 2 | 3 | 4 | 5 | 32 | 35 |
| Depreciation | 25 | 24 | 24 | 14 | 15 | 16 | 17 | 15 | 17 | 44 | 46 | 49 |
| Exceptional Income / Expenses | -27 | -15 | 129 | -0 | 0 | -1 | 0 | -3 | 43 | 6 | -1 | -1 |
| Profit Before Tax | -73 | -92 | 103 | 1 | 3 | -10 | 0 | 5 | 69 | 11 | -0 | -11 |
| Provision for Tax | 0 | 0 | 0 | 0 | 3 | 17 | -1 | -0 | -2 | -14 | -10 | -8 |
| Profit After Tax | -73 | -92 | 103 | 1 | -0 | -27 | 1 | 5 | 71 | 25 | 9 | -3 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | -73 | -92 | 103 | 1 | -0 | -27 | 1 | 5 | 71 | 25 | 9 | -3 |
| Adjusted Earnings Per Share | -18.6 | -23.3 | 26.2 | 0.2 | -0 | -7 | 0.3 | 1.3 | 16.1 | 4.2 | 1.4 | -0.4 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | -14% | 6% | 10% | 6% |
| Operating Profit CAGR | 46% | 45% | 62% | 17% |
| PAT CAGR | -64% | 22% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -30% | -17% | 34% | 21% |
| ROE Average | 6% | 12% | 7% | 3% |
| ROCE Average | 9% | 17% | 11% | 7% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | -33 | -125 | -21 | -21 | -21 | -58 | -57 | -51 | 584 | 681 | 695 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 347 | 291 | 290 | 278 | 286 | 259 | 239 | 181 | 100 | 149 | 152 |
| Other Non-Current Liabilities | 10 | 2 | 3 | 3 | 6 | 24 | 31 | 44 | 226 | 231 | 218 |
| Total Current Liabilities | 84 | 153 | 39 | 50 | 45 | 66 | 102 | 141 | 133 | 75 | 83 |
| Total Liabilities | 408 | 321 | 311 | 310 | 316 | 291 | 315 | 315 | 1043 | 1135 | 1149 |
| Fixed Assets | 250 | 227 | 210 | 206 | 208 | 204 | 206 | 211 | 930 | 927 | 943 |
| Other Non-Current Assets | 35 | 0 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 20 | 12 |
| Total Current Assets | 122 | 94 | 100 | 102 | 106 | 85 | 107 | 102 | 111 | 188 | 194 |
| Total Assets | 408 | 321 | 311 | 310 | 316 | 291 | 315 | 315 | 1043 | 1135 | 1149 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 1 | 2 | 13 | 8 | 7 | 9 | 8 | 9 | 5 | 4 | 47 |
| Cash Flow from Operating Activities | 25 | 103 | 2 | 23 | 11 | 17 | 8 | 23 | 99 | 21 | 40 |
| Cash Flow from Investing Activities | -2 | 26 | -6 | -11 | -17 | -11 | -10 | -20 | -5 | -55 | -70 |
| Cash Flow from Financing Activities | -23 | -117 | -1 | -13 | 9 | -7 | 2 | -7 | -95 | 78 | -0 |
| Net Cash Inflow / Outflow | 0 | 12 | -6 | -1 | 2 | -1 | 1 | -4 | -1 | 43 | -31 |
| Closing Cash & Cash Equivalent | 2 | 13 | 8 | 7 | 9 | 8 | 9 | 5 | 4 | 47 | 17 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | -18.61 | -23.26 | 26.18 | 0.19 | -0.02 | -6.96 | 0.34 | 1.31 | 16.06 | 4.2 | 1.43 |
| CEPS(Rs) | -12.31 | -17.11 | 32.24 | 3.82 | 3.83 | -3.01 | 4.58 | 5.13 | 19.86 | 11.73 | 8.33 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | -14.7 | -37.96 | -11.78 | -11.59 | -11.61 | -14.77 | -14.4 | -12.99 | 6.54 | 23.55 | 28.27 |
| Core EBITDA Margin(%) | 7.32 | -0.01 | -1.38 | 5.9 | 6.32 | 2.25 | 7.23 | 6.79 | 9.16 | 11.49 | 19.49 |
| EBIT Margin(%) | -15.34 | -16.3 | 47.12 | 0.49 | 1.17 | -3.77 | 1.07 | 2.23 | 15.98 | 3.46 | 8.12 |
| Pre Tax Margin(%) | -32.02 | -38.91 | 47 | 0.37 | 1.05 | -4.25 | 0.12 | 1.43 | 15.07 | 2.32 | -0.03 |
| PAT Margin (%) | -32.03 | -38.91 | 47 | 0.3 | -0.02 | -11.37 | 0.76 | 1.57 | 15.4 | 5.36 | 2.4 |
| Cash Profit Margin (%) | -21.19 | -28.62 | 57.87 | 5.84 | 5.43 | -4.93 | 10.21 | 6.16 | 19.05 | 14.99 | 13.97 |
| ROA(%) | -17.68 | -25.15 | 32.66 | 0.25 | -0.02 | -9.02 | 0.44 | 1.63 | 10.44 | 2.27 | 0.83 |
| ROE(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 29.49 | 5.82 |
| ROCE(%) | -9.05 | -14.29 | 46.19 | 0.47 | 1.22 | -3.65 | 0.81 | 3.18 | 34.55 | 6.2 | 9.3 |
| Receivable days | 134.36 | 108.93 | 104.54 | 92.54 | 79.19 | 81.7 | 116 | 64.65 | 37.86 | 41.51 | 57.1 |
| Inventory Days | 24.18 | 18.74 | 15.42 | 25.22 | 37.71 | 36.82 | 42.81 | 32.04 | 35.61 | 39.1 | 48.76 |
| Payable days | 76.99 | 78.08 | 100.27 | 91.1 | 83.53 | 84.91 | 124.38 | 69.11 | 51.11 | 61.24 | 112.82 |
| PER(x) | 0 | 0 | 0.15 | 48.84 | 0 | 0 | 13.71 | 8.04 | 1.73 | 10.56 | 16.48 |
| Price/Book(x) | -0.23 | -0.07 | -0.32 | -0.82 | -0.42 | -0.18 | -0.32 | -0.81 | 4.26 | 1.88 | 0.83 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 1.91 | 1.41 | 1.5 | 1.33 | 1.16 | 1.21 | 1.72 | 0.94 | 0.62 | 0.8 | 0.78 |
| EV/Core EBITDA(x) | 25.06 | 332.71 | -145.3 | 21.23 | 17.53 | 41.79 | 16.36 | 12.1 | 5.98 | 6.81 | 3.95 |
| Net Sales Growth(%) | 4.65 | 2.9 | -6.68 | 19.49 | 8.31 | -13.25 | -26.74 | 85.9 | 40.12 | 0.18 | -14.12 |
| EBIT Growth(%) | -424.29 | -9.3 | 369.38 | -98.78 | 157.35 | -380.3 | 120.89 | 285.63 | 905.71 | -78.32 | 101.63 |
| PAT Growth(%) | -288.8 | -25.02 | 212.54 | -99.26 | -108.41 | 0 | 104.89 | 283.78 | 1276.58 | -65.14 | -61.56 |
| EPS Growth(%) | -288.8 | -25.02 | 212.54 | -99.26 | -108.38 | 0 | 104.89 | 283.78 | 1129.4 | -73.88 | -65.92 |
| Debt/Equity(x) | -11.89 | -2.43 | -13.56 | -13.76 | -13.82 | -4.99 | -5.19 | -5.35 | 5.76 | 1.14 | 0.91 |
| Current Ratio(x) | 1.45 | 0.62 | 2.58 | 2.06 | 2.38 | 1.29 | 1.05 | 0.72 | 0.83 | 2.51 | 2.33 |
| Quick Ratio(x) | 1.26 | 0.56 | 2.32 | 1.55 | 1.94 | 1.09 | 0.83 | 0.49 | 0.47 | 2.16 | 1.6 |
| Interest Cover(x) | -0.92 | -0.72 | 410.77 | 4.04 | 10.01 | -7.74 | 1.12 | 2.78 | 17.58 | 3.03 | 1 |
| Total Debt/Mcap(x) | 29.32 | 29.54 | 19.41 | 7.59 | 14.85 | 28.51 | 16.02 | 6.61 | 1.35 | 0.6 | 1.09 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 63.23 | 51.36 | 54.28 | 56.87 | 56.87 | 56.87 | 56.87 | 56.87 | 55.21 | 55.21 |
| FII | 0.04 | 0.31 | 0 | 0.12 | 0.01 | 0.01 | 0 | 0.01 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.92 | 2.92 |
| Public | 36.72 | 48.33 | 45.72 | 43.01 | 43.13 | 43.12 | 43.13 | 43.12 | 41.87 | 41.87 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 3.02 | 3.02 | 3.4 | 3.78 | 3.78 | 3.78 | 3.78 | 3.78 | 3.78 | 3.78 |
| FII | 0 | 0.02 | 0 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.2 | 0.2 |
| Public | 1.76 | 2.85 | 2.86 | 2.86 | 2.86 | 2.86 | 2.86 | 2.86 | 2.86 | 2.86 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4.78 | 5.89 | 6.26 | 6.64 | 6.64 | 6.64 | 6.64 | 6.64 | 6.84 | 6.84 |
* The pros and cons are machine generated.
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