Key Financials Snapshot

TTM · Standalone · ₹ in Cr
Market Cap
₹54 Cr.
Stock P/E
-2.8
P/B
-2.2
Current Price
₹31.6
Book Value
₹ -14.2
Face Value
10
52W High
₹44
52W Low
₹ 27.2
Dividend Yield
0%

Malu Paper Mills Overview

Business

Malu Paper Mills Ltd. is an Indian company engaged in the manufacturing and sale of paper and paper products. As a participant in the Paper & Paper Products sector, its core business involves converting raw materials such such as wood pulp, waste paper, or agricultural residues into various grades of finished paper. The company primarily generates revenue by selling these manufactured paper products to a diverse customer base, which may include publishers, educational institutions, stationery manufacturers, packaging companies, and other industrial clients, often through a distribution network.

Revenue Mix

While specific revenue mix details are not explicitly provided, companies in the Paper & Paper Products industry typically operate across segments such as:

Writing & Printing Paper: Used for notebooks, textbooks, office stationery, and publishing.

Packaging Paper & Paperboard: Used for corrugated boxes, cartons, and various packaging solutions.

Specialty Paper: Niche products tailored for specific industrial or consumer uses.

Given its general sector classification, Malu Paper Mills Ltd. likely derives its revenue from one or more of these common paper product categories.

Industry

The Indian paper industry is characterized by its cyclical nature, dependence on raw material availability (pulpwood, waste paper), and susceptibility to commodity price fluctuations. It is a fragmented market with a mix of large integrated players and smaller, more specialized mills. Competition is generally high. Without specific market share data or capacity details, Malu Paper Mills Ltd. is likely a mid-sized to smaller player within the Indian market, potentially focusing on specific product types or catering to regional demand rather than being a dominant national leader. Its positioning would be influenced by its operational scale, product quality, and cost efficiency.

MOAT

Explicit, strong competitive advantages (moats) for Malu Paper Mills Ltd. are not detailed in the provided information. In the paper industry, potential moats can include:

Cost Leadership: Achieved through economies of scale, backward integration (e.g., captive plantations or pulp manufacturing), or highly efficient manufacturing processes.

Strong Distribution Network: Especially for consumer-facing paper products.

Product Differentiation: For specialty papers with unique properties or applications.

Proximity to Raw Materials/Markets: Reducing logistics costs.

It is possible the company competes on operational efficiency, product quality within its specific segments, or its established relationships with customers and suppliers in its operating regions.

Growth Drivers

Key factors that could drive growth for Malu Paper Mills Ltd. over the next 3-5 years include:

Growing Literacy & Education: Increasing demand for writing and printing paper.

E-commerce Boom: Driving demand for packaging paper and paperboard.

Rising Disposable Incomes: Leading to higher consumption of tissue paper, premium packaging, and other paper-based consumer products.

Government Initiatives: Policies promoting education or sustainable packaging.

Capacity Expansion or Product Diversification: Company-specific strategic moves to capture market share or enter new segments.

Increasing awareness for sustainable packaging: Substituting plastic with paper-based solutions.

Risks

Malu Paper Mills Ltd. faces several risks common to the paper industry:

Raw Material Price Volatility: Fluctuations in the cost of pulp, wood, or waste paper can significantly impact profitability.

Energy Costs: Paper manufacturing is energy-intensive, making it vulnerable to rising fuel and power costs.

Environmental Regulations: Stringent environmental norms (pollution control, water usage, forest conservation) can lead to higher operational costs and compliance challenges.

Competition: Intense competition from both domestic and international players can put pressure on pricing and margins.

Economic Downturns: Reduced industrial activity or consumer spending can depress demand for paper products.

Shift to Digital Media: For certain segments like newsprint and some printing paper, the ongoing shift to digital platforms poses a long-term demand risk.

Management & Ownership

As a listed Indian company, Malu Paper Mills Ltd. is typically promoted by a founding family or group (promoters) who hold a significant stake and often play a key role in management. Specific details about the quality of management or the exact ownership structure (e.g., percentage held by promoters, institutional investors, public) are not provided. However, the ownership structure would involve a mix of promoter holdings and shares publicly traded on stock exchanges.

Outlook

Malu Paper Mills Ltd. operates in a foundational industry that is essential for various sectors, from education and publishing to packaging and hygiene. The secular growth drivers in India, such as increasing literacy and the expanding e-commerce sector, provide a supportive backdrop for demand for paper products. However, the company faces inherent challenges including the cyclical nature of the industry, volatility in raw material and energy prices, and evolving environmental regulations. Its ability to navigate these risks, maintain operational efficiency, and potentially diversify its product portfolio or enhance its market presence will be crucial for its future performance. The long-term outlook will hinge on its strategic positioning within specific paper segments and its adaptability to both economic shifts and sustainability trends.

Malu Paper Mills Share Price

Live · BSE / NSE · Inception: 1994
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Standalone · annual

Malu Paper Mills Quarterly Results

#(Fig in Cr.) Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Net Sales 75 58 65 63 93 94 56 77 106 124
Other Income 0 0 0 0 0 0 0 0 0 0
Total Income 75 58 65 63 93 94 56 77 106 124
Total Expenditure 71 57 66 64 93 99 60 80 102 118
Operating Profit 5 1 -1 -1 1 -5 -3 -3 5 6
Interest 3 2 3 3 4 3 3 3 3 3
Depreciation 1 1 1 1 1 1 1 1 1 1
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 0 -3 -5 -5 -4 -9 -8 -7 0 2
Provision for Tax 0 -1 -1 -1 -1 -3 -2 -2 3 1
Profit After Tax 0 -2 -4 -4 -3 -6 -6 -5 -3 1
Adjustments 0 0 0 -0 -0 -0 0 -0 0 0
Profit After Adjustments 0 -2 -4 -4 -3 -6 -6 -5 -3 1
Adjusted Earnings Per Share 0.1 -1.2 -2.2 -2.2 -1.7 -3.6 -3.3 -3 -1.6 0.7

Malu Paper Mills Profit & Loss

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Net Sales 228 243 279 274 226 170 212 234 274 278 333 363
Other Income 2 1 1 1 1 1 1 1 1 1 1 0
Total Income 230 244 280 276 227 171 213 235 275 278 334 363
Total Expenditure 207 220 261 251 213 164 208 235 258 279 340 360
Operating Profit 23 23 19 25 14 7 5 -0 17 -0 -6 5
Interest 16 15 12 10 8 8 8 9 11 11 11 12
Depreciation 5 5 5 5 5 5 5 5 5 5 5 4
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 3 4 2 10 1 -6 -8 -14 1 -17 -23 -13
Provision for Tax 1 1 1 3 0 -0 -2 -4 1 -5 -4 0
Profit After Tax 2 3 1 7 1 -6 -6 -10 1 -12 -20 -13
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 2 3 1 7 1 -6 -6 -10 1 -12 -20 -13
Adjusted Earnings Per Share 1.1 1.7 0.9 4.4 0.4 -3.4 -3.7 -6.1 0.5 -7.1 -11.4 -7.2

Malu Paper Mills Balance Sheet

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 15 24 25 31 31 24 17 6 7 -6 -25
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 78 42 27 13 8 7 6 13 12 8 4
Other Non-Current Liabilities 6 -9 -8 -5 -5 -5 -7 -10 -9 -14 -18
Total Current Liabilities 47 85 107 96 101 119 132 130 147 168 200
Total Liabilities 145 142 151 135 135 145 148 140 157 157 162
Fixed Assets 89 84 80 79 80 76 71 68 65 67 68
Other Non-Current Assets 6 5 2 2 1 1 1 1 6 1 0
Total Current Assets 50 53 68 54 54 68 76 72 86 89 94
Total Assets 145 142 151 135 135 145 148 140 157 157 162

Malu Paper Mills Cash Flow

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents 2 2 2 2 1 2 1 0 0 0 0
Cash Flow from Operating Activities 20 20 19 19 15 4 -2 -9 9 4 7
Cash Flow from Investing Activities -2 1 3 -4 -4 -1 0 -1 -8 -3 -7
Cash Flow from Financing Activities -19 -22 -22 -16 -11 -2 2 11 -2 -1 -1
Net Cash Inflow / Outflow 0 -0 -0 -1 1 -0 0 -0 0 0 -0
Closing Cash & Cash Equivalent 2 2 2 1 2 1 2 0 0 0 0

Malu Paper Mills Ratios

# Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) 1.14 1.69 0.86 4.35 0.39 -3.38 -3.67 -6.13 0.52 -7.11 -11.45
CEPS(Rs) 3.9 4.51 3.67 7.15 3.26 -0.44 -0.7 -3.18 3.46 -3.99 -8.23
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 8.67 14.13 14.39 18.18 18.04 14.11 10.11 3.73 3.98 -3.35 -14.94
Core EBITDA Margin(%) 8.91 8.58 5.89 8.56 5.67 3.38 1.7 -0.41 6.11 -0.33 -2.1
EBIT Margin(%) 7.87 7.22 4.68 7.21 3.99 0.98 -0.18 -2.28 4.51 -2.05 -3.52
Pre Tax Margin(%) 1.21 1.62 0.71 3.67 0.48 -3.6 -3.91 -5.98 0.54 -6.16 -6.96
PAT Margin (%) 0.83 1.12 0.48 2.7 0.29 -3.4 -2.96 -4.47 0.33 -4.37 -5.86
Cash Profit Margin (%) 2.83 2.97 2.07 4.44 2.46 -0.45 -0.56 -2.32 2.15 -2.45 -4.21
ROA(%) 1.34 2.01 1 5.2 0.49 -4.12 -4.28 -7.27 0.6 -7.74 -12.26
ROE(%) 14.13 14.86 6 26.71 2.14 -21.04 -30.32 -88.56 13.61 -2254.32 0
ROCE(%) 14.94 14.53 10.93 16.14 7.57 1.41 -0.32 -4.25 9.24 -4.11 -8.68
Receivable days 34.29 32.67 30.95 34.42 40.21 62.9 53.42 40.66 35.46 42.82 40.23
Inventory Days 28.62 28.93 32.74 38.61 39.03 53.67 60.41 64.76 61.02 64.06 49.33
Payable days 44.04 40.15 49.01 59.4 56.19 94.16 78.31 58.86 50.09 51.76 61.56
PER(x) 8.68 19.27 35.06 5.98 57.77 0 0 0 69.49 0 0
Price/Book(x) 1.15 2.31 2.08 1.43 1.24 1.86 3.44 7.56 9.15 -10.26 -1.83
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.54 0.67 0.54 0.48 0.55 0.81 0.76 0.72 0.7 0.72 0.6
EV/Core EBITDA(x) 5.34 6.97 7.93 5.39 8.92 20.45 34.45 -570.85 11.04 -526.97 -31.99
Net Sales Growth(%) -1.33 6.54 15.04 -1.68 -17.54 -25 24.85 10.37 17.34 1.26 19.94
EBIT Growth(%) 0.98 1.07 -24.2 39.74 -54.4 -81.54 -122.96 -1291.24 332.4 -146.16 -105.51
PAT Growth(%) 4.29 47.97 -49.49 408.36 -91.1 -974.23 -8.52 -66.93 108.56 -1455.03 -60.99
EPS Growth(%) 4.29 47.97 -49.49 408.36 -91.11 -974.33 -8.51 -66.94 108.56 -1455.07 -60.99
Debt/Equity(x) 7.34 4.55 4.11 2.86 2.85 3.88 6.01 19.32 19.37 -25.38 -6.13
Current Ratio(x) 1.06 0.62 0.64 0.56 0.54 0.57 0.58 0.55 0.59 0.53 0.47
Quick Ratio(x) 0.67 0.35 0.34 0.28 0.32 0.34 0.26 0.23 0.24 0.25 0.25
Interest Cover(x) 1.18 1.29 1.18 2.04 1.14 0.21 -0.05 -0.61 1.14 -0.5 -1.02
Total Debt/Mcap(x) 6.41 1.97 1.97 2 2.3 2.08 1.75 2.56 2.12 2.47 3.35

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +20% +12% +14% +4%
Operating Profit CAGR — — 0% 0%
PAT CAGR — — — 0%
Share Price CAGR -17% -5% -2% -2%
ROE Average 0% -747% -472% -211%
ROCE Average -9% -1% -2% +5%

Malu Paper Mills Shareholding Pattern

Latest · Jun 2026
100% held
Promoters 69.8 %
FII 0 %
DII (MF + Insurance) 0 %
Public (retail) 30.2 %
# Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Promoter 69.9569.9569.869.869.869.869.869.869.869.8
FII 0000000000
DII 0000000000
Public 30.0530.0530.230.230.230.230.230.230.230.2
Others 0000000000
Total 100100100100100100100100100100

Malu Paper Mills Peer Comparison

Paper & Paper Products Edit Columns

Malu Paper Mills Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Malu Paper Mills Pros & Cons

Pros

  • Stock is trading at -2.2 times its book value
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of -747% over the last 3 years.
  • Debtor days have increased from 51.76 to 61.56days.
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