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Last Updated: April 2, 2026, 3:18 am
Author: Getaka|Social: XLinkedIn

Malu Paper Mills Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹2,804.09Undervalued by 9,246.97%vs CMP ₹30.00

P/E (15.0) × ROE (2,246.0%) × BV (₹10.20) × DY (2.00%)

Defaults: P/E=15

₹1,275.35Undervalued by 4,151.17%vs CMP ₹30.00
MoS: +97.6% (Strong)Confidence: 50/100 (Moderate)Models: All 2: Undervalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹1,812.6169%Under (+5942%)
Revenue MultipleRevenue₹81.4531%Under (+171.5%)
Consensus (2 models)₹1,275.35100%Undervalued
Key Drivers: EPS CAGR -35.4% drags value — could be higher if earnings stabilize.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -35.4% · Defaults: P/E=15

*Investments are subject to market risks

Investment Snapshot

51
Malu Paper Mills Ltd scores 51/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health31/100 · Weak
ROCE 4.1% WeakROE 2,246.0% ExcellentD/E 3.83 High debtInterest Coverage 0.0x RiskyProfitable 1/5 years Inconsistent
Smart Money50/100 · Moderate
Promoter holding at 69.8% Stable
Earnings Quality60/100 · Moderate
OPM stable around 3% SteadyWorking capital: -108 days (improving) Efficient
Quarterly Momentum70/100 · Strong
Revenue (4Q): +23% YoY Accelerating
Industry Rank50/100 · Moderate
ROCE 4.1% vs industry 9.3% Below peersROE 2,246.0% vs industry 134.8% Above peers3Y sales CAGR: 9% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:18 am

Market Cap 51.2 Cr.
Current Price 30.0
Intrinsic Value₹1,275.35
High / Low 50.7/27.0
Stock P/E
Book Value 10.2
Dividend Yield0.00 %
ROCE4.11 %
ROE2,246 %
Face Value 10.0
PEG Ratio0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Malu Paper Mills Ltd

Competitors

Stock Name Market Cap Current Price High / Low Stock P/E Book Value Dividend Yield ROCE ROE Face Value
Mohit Paper Mills Ltd 33.7 Cr. 24.1 38.8/23.85.20 39.00.00 %12.0 %13.6 % 10.0
Gratex Industries Ltd 5.26 Cr. 17.4 26.2/14.258.4 12.20.00 %3.85 %2.52 % 10.0
Ganga Papers India Ltd 74.0 Cr. 68.6 111/68.651.0 29.00.00 %6.44 %5.19 % 10.0
Encode Packaging India Ltd 3.69 Cr. 11.7 14.0/10.6 10.30.00 %2.05 %2.11 % 10.0
Cella Space Ltd 27.1 Cr. 13.4 19.3/9.5528.2 10.30.00 %10.7 %% 10.0
Industry Average694.36 Cr69.4125.25107.280.86%9.32%134.80%6.50

All Competitor Stocks of Malu Paper Mills Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 47.4158.3770.0068.1561.5175.3957.6664.8362.7593.2094.4356.4976.90
Expenses 49.5155.9465.8664.0457.2070.5956.7665.7663.8092.5199.1959.6379.99
Operating Profit -2.102.434.144.114.314.800.90-0.93-1.050.69-4.76-3.14-3.09
OPM % -4.43%4.16%5.91%6.03%7.01%6.37%1.56%-1.43%-1.67%0.74%-5.04%-5.56%-4.02%
Other Income -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 2.062.452.582.622.583.102.412.682.823.512.543.112.92
Depreciation 1.261.251.251.251.251.261.291.291.301.451.371.371.37
Profit before tax -5.42-1.270.310.240.480.44-2.80-4.90-5.17-4.27-8.67-7.62-7.38
Tax % -26.01%-15.75%16.13%25.00%27.08%79.55%-29.64%-25.10%-29.01%-33.96%-29.18%-26.64%-30.89%
Net Profit -4.02-1.080.260.170.360.10-1.97-3.67-3.67-2.82-6.15-5.59-5.10
EPS in Rs -2.36-0.630.150.100.210.06-1.15-2.15-2.15-1.65-3.61-3.28-2.99

Last Updated: March 3, 2026, 11:16 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 11:16 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 211224221243279274226170212234274278321
Expenses 189201200220261251213164208235258279331
Operating Profit 2223212218231364-117-1-10
OPM % 10%10%9%9%6%9%6%3%2%-0%6%-0%-3%
Other Income 2021111111110
Interest 1516161412108889111112
Depreciation 6555555555556
Profit before tax 23342101-6-8-141-17-28
Tax % 31%31%31%31%32%26%39%-6%-24%-25%39%-29%
Net Profit 1223171-6-6-101-12-20
EPS in Rs 0.821.101.141.690.864.350.39-3.38-3.67-6.130.53-7.11-11.53
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)100.00%0.00%50.00%-66.67%600.00%-85.71%-700.00%0.00%-66.67%110.00%-1300.00%
Change in YoY Net Profit Growth (%)0.00%-100.00%50.00%-116.67%666.67%-685.71%-614.29%700.00%-66.67%176.67%-1410.00%

Malu Paper Mills Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

No data available for the compounded sales growth chart.

Balance Sheet

Last Updated: December 4, 2025, 1:36 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 17171717171717171717171717
Reserves -6-4-277141470-11-10-23-34
Borrowings 110111108110101898893104123132145146
Other Liabilities 32343318342122333422293341
Total Liabilities 153157156152159140140151155151167172170
Fixed Assets 93928984807980767168656764
CWIP 0000110000500
Investments 0000000000000
Other Assets 6065666777606074848397105105
Total Assets 153157156152159140140151155151167172170

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 141920201919154-2-994
Cash from Investing Activity + -0-3-213-4-4-10-2-8-3
Cash from Financing Activity + -14-16-19-22-22-16-11-2211-2-1
Net Cash Flow -100-0-0-11-00-000
Free Cash Flow 131619201815112-2-1121
CFO/OP 66%89%102%91%109%80%120%61%-62%964%55%-411%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-88.00-88.00-87.00-88.00-83.00-66.00-75.00-87.00-100.00-124.00-115.00-146.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 363538353632427051354145
Inventory Days 37504957626162101999010886
Days Payable 4344424264445811577435553
Cash Conversion Cycle 304045503449465673829479
Working Capital Days 2-22-51-53-58-78-112-99-95-84-108
ROCE %14%15%15%15%11%16%8%1%-0%-4%9%-4%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 69.95%69.95%69.95%69.95%69.95%69.95%69.80%69.80%69.80%69.80%69.80%69.80%
Public 30.06%30.06%30.05%30.06%30.05%30.06%30.19%30.20%30.19%30.19%30.21%30.19%
No. of Shareholders 7,9337,8398,0218,1849,5199,3309,94610,2149,89310,0239,7969,765

Shareholding Pattern Chart

No. of Shareholders

Malu Paper Mills Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) -7.110.54-6.07-3.61-3.44
Diluted EPS (Rs.) -7.110.54-6.07-3.61-3.44
Cash EPS (Rs.) -3.993.46-3.18-0.70-0.44
Book Value[Excl.RevalReserv]/Share (Rs.) -3.353.983.7310.1114.11
Book Value[Incl.RevalReserv]/Share (Rs.) -3.353.983.7310.1114.11
Revenue From Operations / Share (Rs.) 162.90160.87137.10124.2299.50
PBDIT / Share (Rs.) -0.2210.18-0.192.743.92
PBIT / Share (Rs.) -3.357.25-3.14-0.220.97
PBT / Share (Rs.) -10.040.86-8.20-4.86-3.58
Net Profit / Share (Rs.) -7.110.52-6.13-3.67-3.38
PBDIT Margin (%) -0.136.33-0.132.203.93
PBIT Margin (%) -2.054.50-2.28-0.180.98
PBT Margin (%) -6.160.53-5.98-3.91-3.60
Net Profit Margin (%) -4.360.32-4.46-2.95-3.39
Return on Networth / Equity (%) 0.0013.17-164.33-36.30-23.97
Return on Capital Employeed (%) -135.5160.40-26.17-1.615.26
Return On Assets (%) -7.030.53-6.92-4.02-3.82
Long Term Debt / Equity (X) -1.481.842.050.310.27
Total Debt / Equity (X) -24.7819.3019.185.953.83
Asset Turnover Ratio (%) 1.641.721.531.381.17
Current Ratio (X) 0.520.580.540.570.57
Quick Ratio (X) 0.250.240.230.250.33
Inventory Turnover Ratio (X) 5.704.023.924.454.25
Interest Coverage Ratio (X) -0.031.60-0.030.590.85
Interest Coverage Ratio (Post Tax) (X) -0.061.08-0.210.200.25
Enterprise Value (Cr.) 197.79191.42168.26160.25135.62
EV / Net Operating Revenue (X) 0.710.690.710.750.79
EV / EBITDA (X) -517.9111.02-515.8234.2220.30
MarketCap / Net Operating Revenue (X) 0.210.220.200.280.26
Price / BV (X) -10.269.157.563.441.86
Price / Net Operating Revenue (X) 0.210.220.200.280.26
EarningsYield -0.200.01-0.21-0.10-0.12

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Malu Paper Mills Ltd. is a Public Limited Listed company incorporated on 11/01/1994 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L15142MH1994PLC076009 and registration number is 076009. Currently company belongs to the Industry of Paper & Paper Products. Company's Total Operating Revenue is Rs. 277.89 Cr. and Equity Capital is Rs. 17.06 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Paper & Paper ProductsHeera Plaza, 4th Floor, Near Telephone Exchange, Nagpur Maharashtra 440008Contact not found
Management
NamePosition Held
Mr. Punamchand MaluManaging Director & CEO
Mr. Banwarilal MaluJoint Managing Director
Mr. Purushottam MaluNon Executive Director
Mr. Vasudeo MaluNon Executive Director
CA. Sahil AgrawalIndependent Director
CA. Rajesh SardaIndependent Director
Mr. Vijaykumar SardaIndependent Director
Mr. Surabhi GandhiIndependent Director

FAQ

What is the intrinsic value of Malu Paper Mills Ltd and is it undervalued?

As of 14 April 2026, Malu Paper Mills Ltd's intrinsic value is ₹1275.35, which is 4151.17% higher than the current market price of ₹30.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (2,246 %), book value (₹10.2), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Malu Paper Mills Ltd?

Malu Paper Mills Ltd is trading at ₹30.00 as of 14 April 2026, with a FY2026-2027 high of ₹50.7 and low of ₹27.0. The stock is currently near its 52-week low. Market cap stands at ₹51.2 Cr..

How does Malu Paper Mills Ltd's P/E ratio compare to its industry?

Malu Paper Mills Ltd has a P/E ratio of , which is below the industry average of 25.25. This is broadly in line with or below the industry average.

Is Malu Paper Mills Ltd financially healthy?

Key indicators for Malu Paper Mills Ltd: ROCE of 4.11 % is on the lower side compared to the industry average of 9.32%; ROE of 2,246 % is below ideal levels (industry average: 134.80%). Dividend yield is 0.00 %.

Is Malu Paper Mills Ltd profitable and how is the profit trend?

Malu Paper Mills Ltd reported a net profit of ₹-12 Cr in Mar 2025 on revenue of ₹278 Cr. Compared to ₹-6 Cr in Mar 2022, the net profit shows a mixed trend.

Does Malu Paper Mills Ltd pay dividends?

Malu Paper Mills Ltd has a dividend yield of 0.00 % at the current price of ₹30.00. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Malu Paper Mills Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE