Malu Paper Mills Ltd

₹ 33.0 -0.45%
05 Dec - close price
About

Malu Paper Mills Ltd is in the business of Manufacturing Newsprint, Writing & Printing paper and Kraft Paper.[1]

Key Points

Product Portfolio
Newsprint Writing Printing Paper: It is used for making notebooks, newspapers, Printed drawing books etc. [1]
Kraft Paper: It is used in the Pharma Industries as well as the Food Industry for making grocery bags, shopping bags, envelopes, etc. Regular customers of this product are both domestic and overseas in China. [2][3]

Segment Revenue
Kraft Paper: 60% in FY21 vs 40% in FY20
Newsprint Paper: 40% in FY21 vs 60% in FY20.[4]

  • Market Cap 56.4 Cr.
  • Current Price 33.0
  • High / Low 41.8 / 25.8
  • Stock P/E
  • Book Value 6.86
  • Dividend Yield 0.00 %
  • ROCE -0.33 %
  • ROE -30.3 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter

Cons

  • Stock is trading at 4.81 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -2.67% over past five years.
  • Company has a low return on equity of -14.4% over last 3 years.
  • Company might be capitalizing the interest cost
  • Promoters have pledged 72.9% of their holding.

* 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.

Peer comparison

Sector: Paper Industry: Paper

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Quarterly Results

Figures in Rs. Crores

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
58.63 51.81 61.60 23.11 36.51 46.01 65.06 34.50 44.25 56.48 77.75 63.34 65.43
55.07 49.11 57.68 24.83 36.49 42.93 59.76 35.48 44.66 55.53 72.63 59.84 69.57
Operating Profit 3.56 2.70 3.92 -1.72 0.02 3.08 5.30 -0.98 -0.41 0.95 5.12 3.50 -4.14
OPM % 6.07% 5.21% 6.36% -7.44% 0.05% 6.69% 8.15% -2.84% -0.93% 1.68% 6.59% 5.53% -6.33%
-0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00
Interest 2.16 1.97 1.78 1.84 1.96 1.78 2.20 1.72 1.80 1.79 2.60 2.04 2.09
Depreciation 1.19 1.22 1.29 1.26 1.26 1.26 1.23 1.22 1.22 1.31 1.31 1.25 1.26
Profit before tax 0.21 -0.49 0.85 -4.82 -3.20 0.04 1.87 -3.92 -3.43 -2.15 1.21 0.21 -7.49
Tax % 33.33% 34.69% 38.82% 33.20% 32.81% 4,425.00% 28.88% 24.74% 25.07% 26.51% 31.40% 9.52% 26.03%
Net Profit 0.13 -0.32 0.52 -3.22 -2.15 -1.74 1.34 -2.94 -2.57 -1.58 0.83 0.18 -5.55
EPS in Rs 0.08 -0.19 0.30 -1.89 -1.26 -1.02 0.79 -1.72 -1.51 -0.93 0.49 0.11 -3.25
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
163 164 178 211 224 221 243 279 274 226 170 212 263
152 174 177 189 201 200 220 261 251 213 164 208 258
Operating Profit 11 -10 1 22 23 21 22 18 23 13 6 4 5
OPM % 7% -6% 1% 10% 10% 9% 9% 6% 9% 6% 3% 2% 2%
3 0 3 2 0 2 1 1 1 1 1 1 0
Interest 13 14 15 15 16 16 14 12 10 8 8 8 9
Depreciation 6 6 6 6 5 5 5 5 5 5 5 5 5
Profit before tax -4 -29 -18 2 3 3 4 2 10 1 -6 -8 -8
Tax % 31% 31% 31% 31% 31% 31% 31% 32% 26% 39% 6% 24%
Net Profit -3 -20 -12 1 2 2 3 1 7 1 -6 -6 -6
EPS in Rs -1.75 -11.85 -7.28 0.82 1.10 1.14 1.69 0.86 4.35 0.39 -3.38 -3.67 -3.58
Dividend Payout % -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: 3%
5 Years: -3%
3 Years: -8%
TTM: 39%
Compounded Profit Growth
10 Years: 5%
5 Years: %
3 Years: %
TTM: -4%
Stock Price CAGR
10 Years: 13%
5 Years: -4%
3 Years: 9%
1 Year: 6%
Return on Equity
10 Years: -3%
5 Years: -2%
3 Years: -14%
Last Year: -30%

Balance Sheet

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
17 17 17 17 17 17 17 17 17 17 17 17 17
Reserves 25 5 -7 -6 -4 -2 7 7 14 14 7 0 -5
88 104 110 110 111 108 110 101 89 88 93 104 110
28 23 33 32 34 33 18 34 21 22 33 34 31
Total Liabilities 158 149 153 153 157 156 152 159 140 140 151 155 153
108 103 99 93 92 89 84 80 79 80 76 71 70
CWIP -0 -0 -0 -0 -0 -0 -0 1 1 -0 0 -0 -0
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
50 46 54 60 65 66 67 77 60 60 74 84 83
Total Assets 158 149 153 153 157 156 152 159 140 140 151 155 153

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
6 -4 14 14 19 20 20 19 19 15 4 -2
-2 -1 -2 -0 -3 -2 1 3 -4 -4 -1 0
-4 4 -11 -14 -16 -19 -22 -22 -16 -11 -2 2
Net Cash Flow 0 -2 1 -1 0 0 -0 -0 -1 1 -0 0

Ratios

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 45 37 36 36 35 38 35 36 32 42 70 51
Inventory Days 55 40 38 37 50 49 57 62 61 62 101 102
Days Payable 42 28 58 43 44 42 42 64 44 58 115 79
Cash Conversion Cycle 58 49 16 30 40 45 50 34 49 46 56 74
Working Capital Days 55 44 18 31 35 40 40 33 40 50 72 68
ROCE % 6% -12% -2% 14% 15% 15% 15% 11% 16% 8% 1% -0%

Shareholding Pattern

Numbers in percentages

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
69.94 69.95 69.95 69.95 69.95 69.95 69.95 69.95 69.95 69.95 69.95 69.69
0.09 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
29.98 30.05 30.05 30.05 30.05 30.05 30.05 30.05 30.05 30.05 30.05 30.30

* The XBRL reporting format changed from Sep'2022 onwards. The new format added details about banks and foreign portfolio investors. These were not available earlier.
The sudden increase in FII or DII might be because of these changes.

Please click on the line-items to see the names of individual entities.

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