Three M Paper Boards Ltd
Founded in July 1989, Three M Paper Boards Limited manufactures high-quality recycled paper-based duplex board products for packaging applications across various industries.[1]
- Market Cap ₹ 71.3 Cr.
- Current Price ₹ 37.0
- High / Low ₹ 68.5 / 30.1
- Stock P/E 7.13
- Book Value ₹ 54.0
- Dividend Yield 0.00 %
- ROCE 12.2 %
- ROE 12.1 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.69 times its book value
- Company has delivered good profit growth of 39.5% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 7.22% over past five years.
- Debtor days have increased from 67.0 to 81.0 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 187 | 165 | 313 | 327 | 272 | 266 | |
| 177 | 151 | 298 | 308 | 249 | 244 | |
| Operating Profit | 11 | 14 | 15 | 19 | 23 | 22 |
| OPM % | 6% | 9% | 5% | 6% | 9% | 8% |
| 1 | 0 | 3 | 2 | 4 | 3 | |
| Interest | 7 | 7 | 7 | 10 | 7 | 6 |
| Depreciation | 6 | 6 | 6 | 6 | 7 | 7 |
| Profit before tax | -1 | 2 | 5 | 6 | 13 | 12 |
| Tax % | 188% | 26% | 29% | -11% | 13% | 17% |
| -3 | 2 | 3 | 7 | 11 | 10 | |
| EPS in Rs | -46.56 | 26.41 | 50.08 | 101.07 | 8.36 | 5.19 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 7% |
| 3 Years: | -5% |
| TTM: | -2% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 39% |
| 3 Years: | 43% |
| TTM: | -12% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -39% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 15% |
| Last Year: | 12% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 7 | 7 | 7 | 7 | 13 | 19 |
| Reserves | 29 | 31 | 34 | 41 | 47 | 85 |
| 55 | 54 | 78 | 82 | 73 | 62 | |
| 48 | 51 | 63 | 60 | 62 | 74 | |
| Total Liabilities | 138 | 142 | 182 | 189 | 195 | 241 |
| 74 | 71 | 69 | 78 | 76 | 85 | |
| CWIP | 0 | 0 | 1 | 0 | 2 | 15 |
| Investments | 0 | 1 | 1 | 1 | 1 | 1 |
| 65 | 70 | 110 | 110 | 116 | 139 | |
| Total Assets | 138 | 142 | 182 | 189 | 195 | 241 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 13 | 12 | -10 | 24 | 11 | 10 | |
| -3 | -4 | -6 | -18 | -5 | -27 | |
| -8 | -8 | 16 | -5 | -12 | 17 | |
| Net Cash Flow | 2 | -0 | 0 | -0 | -5 | 0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 52 | 64 | 54 | 47 | 73 | 81 |
| Inventory Days | 90 | 126 | 46 | 71 | 64 | 94 |
| Days Payable | 125 | 186 | 100 | 93 | 101 | 130 |
| Cash Conversion Cycle | 16 | 4 | -1 | 25 | 36 | 45 |
| Working Capital Days | -9 | -1 | 20 | 15 | 31 | 45 |
| ROCE % | 10% | 12% | 13% | 16% | 12% |
Documents
Announcements
- Closure of Trading Window 2h
- Reg. 34 (1) Annual Report. 8 Sep
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
6 Sep - NEWSPAPER PUBLICATION OF ADVERTISEMENT OF AGM NOTICE, CUTOFF DATE AND EVOTING DETAILS ALONG WITH NEWSPAPER CUTTING
-
AGM NOTICE DISPATCH INITIMATION
5 Sep - 36th AGM on 29 Sep 2025; e‑voting 26–28 Sep; auditor appointments; reappointment of WTD.
-
Annual Report Along With Notice Of AGM For The AGM To Be Held On September 29, 2025
5 Sep - Annual Report 2024-25 and Notice of 36th AGM on September 29, 2025.
Business Profile[1] The company manufactures recycled paper-based Duplex Board products for packaging in industries like food, beverage, pharmaceuticals, cosmetics, and consumer goods, catering to domestic and international markets.