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Magnum Ventures Overview

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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Magnum Ventures Key Financials

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

Magnum Ventures Share Price

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Volume
Price

Magnum Ventures Quarterly Price

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Magnum Ventures Peer Comparison

Magnum Ventures Quarterly Results

#(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

Magnum Ventures Profit & Loss

#(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

Growth Rates

# 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%

Magnum Ventures Balance Sheet

#(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

Magnum Ventures Cash Flow

#(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

Magnum Ventures Ratios

# 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

Magnum Ventures Shareholding Pattern

# 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

Magnum Ventures News

Magnum Ventures Pros & Cons

Pros

  • Stock is trading at 0.7 times its book value

Cons

  • Company has a low return on equity of 12% over the last 3 years.
  • Debtor days have increased from 61.24 to 112.82days.
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