MALUPAPERCommodities

Malu Paper Mills Limited

Paper & Paper Products · ISIN INE383H01017 · BSE 532728 · NSE EQ · FV ₹10
Last price
₹32
+0.98%today
What this company does

Malu Paper Mills Limited operates in Paper & Paper Products, part of the Commodities sector. It booked ₹123 cr of revenue in its latest quarter (Q1 FY27) and kept 1.0% of sales as profit.

In the report:
50out of 100
Equitytale Health Score
Mixed

Healthier than 50% of companies in Commodities, on all six measures of filed financials. Each measure is ranked against the 121–173 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
48

At close. Not part of the score.

Profitability & returns20

How much profit it earns on the money it employs

Balance sheet17

How much it owes, and whether earnings cover the interest

Cash quality78

Whether reported profit actually arrives as cash

Growth & consistency73

Whether sales and profit have grown, and how steadily

Valuation61

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 31% vs last year
Promoters hold 70%
No promoter shares pledged
Turns profit into real cash
Watch-outs
! Thin 1.0% net margin

What if I invest in MALUPAPER?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹32 +0.98%
latest close · 2026-09-17
1-year return
-9.6%
52-wk low ₹2652-wk high ₹42
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio10.7Low
LowAverageHigh
EV / EBITDA8.9Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Net margin1.0%Thin
ThinDecentStrong
EBITDA margin4.7%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Interest cover1.7×Risky
RiskyOkayStrong ▸5×
Current ratio0.47Tight
Tight ◂1HealthyAmple
More figures
Market cap
₹55 cr
Book value
₹-15
EPS
₹0.75
latest quarter
Net debt
₹152 cr
owes more than its cash
Enterprise value
₹207 cr
EBITDA
₹23 cr
annualised
EBIT
₹18 cr
annualised
Operating margin
3.6%
Return on assets
2.8%
Earnings yield
9.38%
P/S
0.11
Sales / share
₹289.4
Tax rate
30.2%
Face value
₹10
Shares
1.7 cr
Working capital
₹-107 cr
Current assets
₹94 cr
Current liabilities
₹200 cr
Delivery %
66.0%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The company's latest annual profit was negative, so we won't call it cheap off older profits.

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹123 cr
Other Income₹9.9 L
Total Income₹124 cr
Cost of Materials₹73 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹1 cr
Employee Benefit Expense₹3 cr
Finance Costs₹3 cr
Depreciation & Amortisation₹1 cr
Other Expenses₹40 cr
Total Expenses₹122 cr
Profit before Tax₹2 cr
Tax Expense₹55.1 L
Net Profit₹1 cr
Net margin on total income1.0%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹74 cr60.1%
Employee benefit expense₹3 cr2.6%
Finance costs₹3 cr2.1%
Depreciation & amortisation₹1 cr1.2%
Other expenses₹40 cr32.6%
Tax expense₹55.1 L0.4%
Profit for the period₹1 cr1.0%
Total income ₹124 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue77 cr106 cr123 cr
Total income77 cr106 cr124 cr
Expenses84 cr106 cr122 cr
Profit before tax-7 cr49.4 L2 cr
Tax-2 cr3 cr55.1 L
Net profit (owners' share)-5 cr-3 cr1 cr
Net margin (owners' share, on revenue)-6.6%-2.5%1.0%
EPS (₹)-2.99-1.560.75
YoY (latest quarter): total income +30.8% · net profit
Balance sheet & cash flow · as of Mar 2026
Total assets
₹181 cr
Shareholder equity
₹-25 cr
parent shareholders
Total debt
₹153 cr
Cash
₹12.7 L
Cash flow · H1 FY26
Operating
₹1 cr
Investing
₹68.1 L
Financing
₹-2 cr
Peer comparison
Paper & Paper Products · by market value
CompanyPriceMarket capP/E
JK Paper Limited₹418₹7,580 cr14.6
West Coast Paper Mills Limited₹716₹4,732 cr8.9
Seshasayee Paper and Boards Limited₹248₹1,492 cr11.7
ANDHRA PAPER LIMITED₹72₹1,429 cr11.8
N R Agarwal Industries Limited₹629₹1,070 cr7.6
Tamil Nadu Newsprint & Papers Limited₹145₹1,001 cr43.6
Pudumjee Paper Products Limited₹102₹973 cr7.2
Emami Paper Mills Limited₹112₹677 cr4.5
Satia Industries Limited₹68₹676 cr
Same industry · latest reported numbers · not a recommendation.
Who owns it · 2026-06-30
No pledge
Promoter
69.8%
Public
30.2%
Promoter stake down 0.2% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtPurushottam Malu · Promoters1.85 L17 Mar 25
BoughtShrawankumar Malu · Promoter Group1.39 L17 Mar 25
SoldPunamchand Malu · Promoters3.24 L17 Mar 25
Bulk / block deals
BoughtANKITA VISHAL SHAH · NSE92,173 @ ₹43.3525 Aug 25
SoldANKITA VISHAL SHAH · NSE92,173 @ ₹45.4725 Aug 25
SoldANKITA VISHAL SHAH · NSE3.19 L @ ₹49.1730 Apr 25
Stake changes
SoldShri. Punamchand Malu · promoter→ 1.87% · 3.24 L17 Mar 25
BoughtShri. Purushottam Malu · promoter→ 4.27% · 1.85 L17 Mar 25
BoughtShri. Shrawankumar Malu · promoter→ 3.98% · 1.39 L17 Mar 25
Promoter pledges
ReleasedLender: 1. Bank of India 2. Axis Bank 3. Bank of Baroda 4. J & K Bank 5. State Bank of India Security Trustee Axis Bank Limited6.67 L · 3.91% held12 Jan 24
ReleasedLender: 1. Bank of India 2. Axis Bank 3. Bank of Baroda 4. J & K Bank 5. State Bank of India Security Trustee Axis Bank Limited2.63 L · 1.54% held12 Jan 24
ReleasedLender: 1. Bank of India 2. Axis Bank 3. Bank of Baroda 4. J & K Bank 5. State Bank of India Security Trustee Axis Bank Limited2.69 L · 1.58% held12 Jan 24
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 21 Aug 2025
See the official result
1
Adoption of the Audited Standalone Financial Statements of the Company for the year ended 31st March 2025
This filing does not break the votes down by shareholder group.
2
Re-appointment of Shri. Vasudeo Malu (DIN: 00301313), who retired by rotation and, being eligible, offered himself for re-appointment
Promoters had a personal stake in this
This filing does not break the votes down by shareholder group.
3
Re-appointment of CA. Sahil Shankar Agrawal (DIN: 02690403) as a Non-Executive Independent Director for a second term of five years
This filing does not break the votes down by shareholder group.
4
Appointment of CS V. Ramachandran, Practicing Company Secretary, Nagpur, as the Secretarial Auditor of the Company for five consecutive financial years commencing from FY 2025–26 to FY 2029–30 and fixation of remuneration
This filing does not break the votes down by shareholder group.

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 30 named members
owning 65.6% between them · as of 2026-06-30
Frontline Commercial Pvt. Ltd.8.88%
Kaveridevi Jeetmal Malu6.11%
Wistaria Farms Private Ltd6.06%
Purushottam Malu4.27%
Shrawan Kumar Malu3.98%
Sashikala Vasudeo Malu3.92%
Sunflame Fuels Pvt. Ltd3.09%
Marigold Farms Pvt. Ltd.2.42%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.