MALUPAPER

Malu Paper Mills Limited

Writing and printing paper and paper bags manufacturer

Commodities›Forest Materials›Paper, Forest & Jute Products›Paper & Paper Products

malupaper.com(opens the company website in a new tab)
Ask AI

Key metrics

Price as of 2026-10-16

Stock price
₹32.40
Market cap
55 Cr
Stock P/E
Loss (TTM EPS ₹-7.09)
ROCE (FY26)
-9.9%
Operating margin (FY26)
-3.8%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

Loading price history…

Compare with peers

Loading peers…

What you need to know

Malu Paper (Malu Paper Mills) is a Nagpur-based paper manufacturer that sells writing and printing paper, and kraft paper, and has won supply tenders from state textbook boards.

Company snapshot

19thBy market cap

Ranked among 22 companies in Paper & Paper Products.

What we see

Concerns
  • ✗Net margin is negative — the company is spending more than it earns right now.
1 more signal from the filings.Sign in free to see them all

Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Standalone only

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales68 Cr61 Cr75 Cr58 Cr65 Cr63 Cr93 Cr94 Cr56 Cr77 Cr106 Cr123 Cr
Operating expenses (approx.)64 Cr57 Cr71 Cr57 Cr66 Cr64 Cr93 Cr99 Cr60 Cr80 Cr102 Cr118 Cr
EBITDA4 Cr4 Cr5 Cr0.78 Cr-1 Cr-1 Cr0.53 Cr-5 Cr-3 Cr-3 Cr4 Cr6 Cr
OPM %5.8%6.8%6.2%1.3%-1.6%-1.9%0.6%-5.2%-5.7%-4.2%4.0%4.7%
Other income0.15 Cr0.15 Cr0.17 Cr0.13 Cr0.13 Cr0.13 Cr0.16 Cr0.10 Cr0.10 Cr0.12 Cr0.44 Cr0.10 Cr
Interest3 Cr3 Cr3 Cr2 Cr3 Cr3 Cr4 Cr3 Cr3 Cr3 Cr3 Cr3 Cr
Depreciation1 Cr1 Cr1 Cr1 Cr1 Cr1 Cr1 Cr1 Cr1 Cr1 Cr1 Cr1 Cr
Profit before tax0.24 Cr0.48 Cr0.45 Cr-3 Cr-5 Cr-5 Cr-4 Cr-9 Cr-8 Cr-7 Cr0.49 Cr2 Cr
Tax %26.1%26.0%77.8%29.6%25.0%28.9%34.0%29.1%26.7%30.9%644.7%30.2%
Net profit0.17 Cr0.36 Cr0.10 Cr-2 Cr-4 Cr-4 Cr-3 Cr-6 Cr-6 Cr-5 Cr-3 Cr1 Cr
EPS (₹)₹0.10₹0.21₹0.08₹-1.15₹-2.15₹-2.15₹-1.65₹-3.61₹-3.28₹-2.99₹-1.56₹0.75

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales252 Cr279 Cr274 Cr226 Cr170 Cr212 Cr234 Cr274 Cr278 Cr333 CrSign in free for the trailing twelve months
Operating expenses (approx.)231 Cr261 Cr251 Cr214 Cr164 Cr208 Cr235 Cr258 Cr279 Cr340 CrSign in free for the trailing twelve months
EBITDA21 Cr18 Cr23 Cr13 Cr6 Cr4 Cr-0.98 Cr17 Cr-0.93 Cr-7 CrSign in free for the trailing twelve months
OPM %8.4%6.4%8.6%5.7%3.4%1.7%-0.4%6.1%-0.3%-2.1%Sign in free for the trailing twelve months
Other income1 Cr1 Cr1 Cr1 Cr0.95 Cr1 Cr0.66 Cr0.62 Cr0.55 Cr0.77 CrSign in free for the trailing twelve months
Interest14 Cr12 Cr10 Cr8 Cr8 Cr8 Cr9 Cr11 Cr11 Cr11 CrSign in free for the trailing twelve months
Depreciation5 Cr5 Cr5 Cr5 Cr5 Cr5 Cr5 Cr5 Cr5 Cr5 CrSign in free for the trailing twelve months
Profit before tax4 Cr2 Cr10 Cr1 Cr-6 Cr-8 Cr-14 Cr1 Cr-17 Cr-23 CrSign in free for the trailing twelve months
Tax %31.1%35.1%26.4%38.7%5.6%24.4%25.3%39.3%29.2%15.8%Sign in free for the trailing twelve months
Net profit3 Cr1 Cr7 Cr0.66 Cr-6 Cr-6 Cr-10 Cr0.90 Cr-12 Cr-20 CrSign in free for the trailing twelve months
EPS (₹)₹1.72₹0.86₹4.35₹0.39₹-3.44₹-3.61₹-6.07₹0.54₹-7.11₹-11.43Sign in free for the trailing twelve months
Dividend payout %———————0.0%——Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital17 Cr17 Cr17 Cr17 Cr17 Cr17 Cr17 Cr17 Cr17 Cr17 Cr
Reserves0.67 Cr7 Cr14 Cr14 Cr7 Cr0.19 Cr-11 Cr-10 Cr-23 Cr-43 Cr
Borrowings93 Cr92 Cr86 Cr83 Cr92 Cr103 Cr122 Cr131 Cr142 Cr153 Cr
Other liabilities41 Cr42 Cr24 Cr26 Cr34 Cr36 Cr22 Cr29 Cr36 Cr54 Cr
Total liabilities152 Cr159 Cr140 Cr140 Cr151 Cr155 Cr151 Cr167 Cr172 Cr181 Cr
Fixed assets (net)84 Cr80 Cr79 Cr80 Cr76 Cr71 Cr68 Cr65 Cr67 Cr68 Cr
CWIP—1 Cr0.82 Cr0 Cr0.50 Cr0 Cr0 Cr5 Cr0 Cr0 Cr
Investments0.11 Cr0.11 Cr0.11 Cr0.11 Cr0.11 Cr0.11 Cr0.11 Cr0.11 Cr0.11 Cr0.11 Cr
Loans & advances—5 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr
Inventories23 Cr31 Cr27 Cr22 Cr28 Cr42 Cr41 Cr51 Cr47 Cr43 Cr
Trade receivables23 Cr28 Cr24 Cr26 Cr32 Cr29 Cr23 Cr31 Cr35 Cr39 Cr
Cash & bank2 Cr0.06 Cr0.08 Cr0.36 Cr0.05 Cr0.04 Cr0.03 Cr0.05 Cr0.15 Cr0.13 Cr
Other assets19 Cr13 Cr10 Cr12 Cr14 Cr13 Cr20 Cr16 Cr24 Cr31 Cr
Total assets152 Cr159 Cr140 Cr140 Cr151 Cr155 Cr151 Cr167 Cr172 Cr181 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity22 Cr—19 Cr15 Cr4 Cr-2 Cr-9 Cr10 Cr4 Cr7 Cr
Cash from investing0.10 Cr—-4 Cr-4 Cr-1 Cr0.18 Cr-1 Cr-8 Cr-3 Cr-7 Cr
Cash from financing-22 Cr—-16 Cr-11 Cr-2 Cr2 Cr11 Cr-2 Cr-0.83 Cr-0.64 Cr
Net cash flow-0.22 Cr—-0.77 Cr0.98 Cr-0.33 Cr0.24 Cr0.13 Cr0.29 Cr0.10 Cr-0.02 Cr
Free cash flow (OCF − Capex)22 Cr—15 Cr11 Cr2 Cr-2 Cr-11 Cr2 Cr1 Cr1 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %16.1%12.2%16.9%7.9%1.4%-0.3%-4.2%9.0%-4.6%-9.9%
ROE %16.5%5.9%23.9%2.1%-24.0%-36.3%-164.3%13.2%——
Debtor days34363242705135414543
Inventory days556157609798921009268
Days payable416341561107644515675
Cash conversion cycle48344846567383908136
OCF / EBITDA %102.9%—80.4%120.5%61.2%n.m.—57.0%——
OCF / EBITDA % (3 years)————90.0%74.7%n.m.n.m.n.m.n.m.
Debt / equity5.233.762.772.703.835.9519.1819.30——
Current ratio—0.640.560.540.570.580.550.590.530.47
Net debt / EBITDA4.305.153.666.4716.0828.48—7.83——