Malu Paper Mills Ltd

Malu Paper Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Malu Paper Mills Ltd

₹ 38.8 -0.13%
25 Apr - close price
malupaper.com BSE: 532728 NSE - BE : MALUPAPER
About

Incorporated in 1996, Malu Paper Mills Ltd is recycled paper based manufacturer of Kraft, Newsprint and Writing Printing paper[1]

Key Points

Product Profile:[1]
a) MG KRAFT (PM1):[1]
Company manufactures ~60 tons / day of Machine Glazed Kraft paper with a GSM Range of 45-100. It is majorly used for making grocery bags, shopping bags, envelopes, etc. Regular customers of this product are both domestic and overseas in China
b) MF KRAFT (PM2):[2]
MPML anufactures ~190 tons/day of MF Kraft paper with a GSM Range of 120-200. It is used in the packaging industry, etc.
c) Newsprint (PM3):[3]
Company has the production capacity of ~150 tons/day of recycled Newsprint paper used by India’s Print Media houses. Company also manufactures ~200 tons/day High-quality Maplitho grade Writing Printing paper on PM3 having a brightness upto 88%. It is ideal for notebooks and by publications

Website BSE NSE - BE
  • Market Cap ₹ 66.3 Cr.
  • Current Price ₹ 38.8
  • High / Low ₹ 69.9 / 28.6
  • Stock P/E
  • Book Value ₹ 3.85
  • Dividend Yield 0.00 %
  • ROCE -4.25 %
  • ROE -88.5 %
  • Face Value ₹ 10.0
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Pros

  • Debtor days have improved from 52.0 to 35.3 days.

Cons

  • Stock is trading at 10.1 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -3.48% over past five years.
  • Company has a low return on equity of -37.5% over last 3 years.
  • Company might be capitalizing the interest cost

* 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

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
46.01 65.06 34.50 44.25 56.48 77.75 63.34 65.43 47.41 58.37 70.00 68.15 61.51
42.93 59.76 35.48 44.66 55.53 72.63 59.84 69.57 49.51 55.94 65.86 64.04 57.20
Operating Profit 3.08 5.30 -0.98 -0.41 0.95 5.12 3.50 -4.14 -2.10 2.43 4.14 4.11 4.31
OPM % 6.69% 8.15% -2.84% -0.93% 1.68% 6.59% 5.53% -6.33% -4.43% 4.16% 5.91% 6.03% 7.01%
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 1.78 2.20 1.72 1.80 1.79 2.60 2.04 2.09 2.06 2.45 2.58 2.62 2.58
Depreciation 1.26 1.23 1.22 1.22 1.31 1.31 1.25 1.26 1.26 1.25 1.25 1.25 1.25
Profit before tax 0.04 1.87 -3.92 -3.43 -2.15 1.21 0.21 -7.49 -5.42 -1.27 0.31 0.24 0.48
Tax % 4,425.00% 28.88% 24.74% 25.07% 26.51% 31.40% 9.52% 26.03% 26.01% 15.75% 16.13% 25.00% 27.08%
-1.74 1.34 -2.94 -2.57 -1.58 0.83 0.18 -5.55 -4.02 -1.08 0.26 0.17 0.36
EPS in Rs -1.02 0.79 -1.72 -1.51 -0.93 0.49 0.11 -3.25 -2.36 -0.63 0.15 0.10 0.21
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
164 178 211 224 221 243 279 274 226 170 212 234 258
174 177 189 201 200 220 261 251 213 164 208 235 243
Operating Profit -10 1 22 23 21 22 18 23 13 6 4 -1 15
OPM % -6% 1% 10% 10% 9% 9% 6% 9% 6% 3% 2% -0% 6%
0 3 2 0 2 1 1 1 1 1 1 1 0
Interest 14 15 15 16 16 14 12 10 8 8 8 9 10
Depreciation 6 6 6 5 5 5 5 5 5 5 5 5 5
Profit before tax -29 -18 2 3 3 4 2 10 1 -6 -8 -14 -0
Tax % 31% 31% 31% 31% 31% 31% 32% 26% 39% 6% 24% 25%
-20 -12 1 2 2 3 1 7 1 -6 -6 -10 -0
EPS in Rs -11.85 -7.28 0.82 1.10 1.14 1.69 0.86 4.35 0.39 -3.38 -3.67 -6.13 -0.17
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: 1%
TTM: 2%
Compounded Profit Growth
10 Years: 1%
5 Years: %
3 Years: %
TTM: 97%
Stock Price CAGR
10 Years: 14%
5 Years: 10%
3 Years: 16%
1 Year: 30%
Return on Equity
10 Years: -2%
5 Years: -12%
3 Years: -38%
Last Year: -89%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 17 17 17 17 17 17 17 17 17 17 17 17 17
Reserves 5 -7 -6 -4 -2 7 7 14 14 7 0 -11 -10
104 110 110 111 108 110 101 89 88 93 104 123 126
23 33 32 34 33 18 34 21 22 33 34 22 21
Total Liabilities 149 153 153 157 156 152 159 140 140 151 155 151 153
103 99 93 92 89 84 80 79 80 76 71 68 65
CWIP 0 0 0 0 0 0 1 1 0 0 0 0 2
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
46 54 60 65 66 67 77 60 60 74 84 83 86
Total Assets 149 153 153 157 156 152 159 140 140 151 155 151 153

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-4 14 14 19 20 20 19 19 15 4 -2 -9
-1 -2 -0 -3 -2 1 3 -4 -4 -1 0 -1
4 -11 -14 -16 -19 -22 -22 -16 -11 -2 2 11
Net Cash Flow -2 1 -1 0 0 -0 -0 -1 1 -0 0 0

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 37 36 36 35 38 35 36 32 42 70 51 35
Inventory Days 40 38 37 50 49 57 62 61 62 101 99 90
Days Payable 28 58 43 44 42 42 64 44 58 115 77 43
Cash Conversion Cycle 49 16 30 40 45 50 34 49 46 56 73 82
Working Capital Days 44 18 31 35 40 40 33 40 50 72 69 75
ROCE % -12% -2% 14% 15% 15% 15% 11% 16% 8% 1% -0% -4%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
69.95% 69.95% 69.95% 69.95% 69.95% 69.69% 69.95% 69.95% 69.95% 69.95% 69.95% 69.95%
30.05% 30.05% 30.05% 30.05% 30.05% 30.30% 30.05% 30.06% 30.06% 30.05% 30.06% 30.05%
No. of Shareholders 7,1387,6827,5067,6237,7037,8848,0617,9337,8398,0218,1849,519

Documents

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