Malu Paper Mills Limited (MALUPAPER)

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Malu Paper Mills Limited (MALUPAPER) · mywealthgrid

About

Malu Paper Mills Limited operates in Paper & Paper Products within the Materials sector.

Face value: ₹10

Market cap

₹53 Cr

P/E

—

P/B

—

Dividend yield

ROE

—

ROCE

—

Debt / equity

—

OPM

-2.1%

EPS (TTM)

₹-7.1

Book value

₹-14.9

52-week high

—

52-week low

—

2,526 historical price candles were omitted because the exchange source has not been verified.

₹31.0-2%1Y

Quick read

rule-based

Pros

+High promoter holding of 69.8% with no pledge

Cons

−Low return on equity of -773.7% (3-yr avg)
−Weak interest coverage of -1×

Research score

Structured signal from quality, growth, valuation and momentum.

25/100

Business quality: 0
Growth: 75
Valuation: 0

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Jk Paper LimitedJKPAPERJKPAPER	₹6,937 Cr	₹9,373 Cr	₹7,365 Cr	₹968 Cr	13.1%	₹324 Cr	3.9%	7.4%	4.9%	69
West Coast Paper Mills LimitedWSTCSTPAPRWSTCSTPAPR	₹4,802 Cr	₹5,116 Cr	₹4,389 Cr	₹505 Cr	9.7%	₹237 Cr	3.6%	6%	4.4%	106
Seshasayee Paper And Boards LimitedSESHAPAPERSESHAPAPER	₹1,491 Cr	₹1,491 Cr	₹1,817 Cr	₹119 Cr	5.6%	₹99 Cr	4.8%	4.6%	4.1%	79
Andhra Paper LimitedANDHRAPAPANDHRAPAP	₹1,419 Cr	₹1,652 Cr	₹1,702 Cr	₹82 Cr	4%	₹28 Cr	1.1%	2%	1%	68
N R Agarwal Industries LimitedNRAILNRAIL	₹1,121 Cr	₹1,910 Cr	₹2,340 Cr	₹232 Cr	8.1%	₹62 Cr	2%	8.8%	5.5%	44
Tamil Nadu Newsprint & Papers LimitedTNPLTNPL	₹1,022 Cr	₹2,620 Cr	₹4,649 Cr	₹494 Cr	10.4%	₹261 Cr	5.3%	7%	11.3%	-31
Pudumjee Paper Products LimitedPDMJEPAPERPDMJEPAPER	₹907 Cr	₹930 Cr	₹814 Cr	₹125 Cr	15.3%	₹91 Cr	11.6%	17.8%	14.9%	91
Emami Paper Mills LimitedEMAMIPAPEMAMIPAP	₹707 Cr	₹1,524 Cr	₹2,008 Cr	₹241 Cr	10.3%	₹94 Cr	3.2%	14%	9.8%	107
Satia Industries LimitedSATIASATIA	₹683 Cr	₹982 Cr	₹1,443 Cr	₹119 Cr	9.1%	₹-8 Cr	2.8%	4.6%	3.8%	110
Kuantum Papers LimitedKUANTUMKUANTUM	₹670 Cr	₹1,530 Cr	₹1,174 Cr	₹162 Cr	14.8%	₹36 Cr	3.8%	5.4%	3.4%	77
Shree Rama Newsprint LimitedRAMANEWSRAMANEWS	₹433 Cr	₹810 Cr	₹33 Cr	₹-2 Cr	0.7%	₹-69 Cr	-209.4%	0.8%	—	-50
Orient Paper & Industries LimitedORIENTPPRORIENTPPR	₹344 Cr	₹631 Cr	₹895 Cr	₹-32 Cr	-4.2%	₹-71 Cr	-3.2%	-4.2%	-1.9%	32

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	252	282	275	226	170	212	234	274	278	333
COGS	-152	-189	-165	-134	106	154	165	171	198	232
Gross profit	—	—	—	—	64	58	69	104	80	102
	384	453	416	347	58	55	70	87	81	109
	20	18	24	13	6	4	-1	17	-1	-7
OPM %	7.9%	6.3%	8.6%	5.7%	3.4%	1.7%	-0.4%	6.1%	-0.3%	-2.1%
Depreciation	—	5	5	5	5	5	5	5	5	6
Interest	14	12	10	8	8	8	9	11	11	11
	1	1	—	1	1	1	1	1	1	1
Profit before tax	4	—	10	1	-6	-8	-14	1	-17	-23
Tax	1	1	3	0	-0	-2	-4	1	-5	-4
Tax %	31.2%	—	26.4%	38%	-5.6%	-24.5%	-25.3%	39.5%	-29.2%	-15.8%
	3	1	7	1	-6	-6	-10	1	-12	-20
PAT margin %	1.2%	0.5%	2.7%	0.3%	-3.4%	-3%	-4.5%	0.3%	-4.4%	-5.9%
EPS (₹)	—	0.9	4.4	0.4	-3.4	-3.6	-6.1	0.5	-7.1	-11.4
EPS adjusted (₹)	—	—	—	—	-3.4	-3.7	-6.1	0.5	-7.1	-11.5
Annual report	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	17	17	17	17	17	17
Reserves	7	0	-11	-10	-23	-43
	92	103	122	131	142	153
	34	36	23	29	36	54
Total equity & liabilities	151	155	151	167	172	181
	76	71	68	65	67	68
CWIP	1	0	0	5	0	0
Investments	0	0	0	0	0	0
	75	84	83	97	105	113
Total assets	151	155	151	167	172	181

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	37.4%	27.4%	29.4%	37.9%	28.7%	30.5%
EBITDA margin %	8.6%	5.7%	3.4%	1.7%	-0.4%	6.1%	-0.3%	-2.1%
EBIT margin %	6.9%	3.5%	0.4%	-0.7%	-2.6%	4.3%	-2.2%	-3.8%
PAT margin %	2.7%	0.3%	-3.4%	-3%	-4.5%	0.3%	-4.4%	-5.9%
Working capital
Receivable days	—	—	70	51	35	41	45	43
Inventory days	—	—	97	100	91	109	86	68
Payable days	—	—	110	77	43	55	53	74
NWC days	—	—	57	73	83	94	79	37
Leverage
Current ratio	—	—	0.57	0.58	0.55	0.59	0.53	0.47
Debt to EBITDA	—	—	16.1	28.5	—	7.83	—	—
Debt to equity	—	—	3.83	5.95	19.19	19.29	-24.78	-5.99
Interest coverage	2	1.1	0.2	-0	-0.6	1.1	-0.5	-1
Asset turnover	—	—	1.13	1.36	1.55	1.64	1.61	1.84
Return ratios
Return on assets %	—	—	-3.8%	-4%	-6.9%	0.5%	-7%	-10.8%
Return on capital employed %	—	—	5.3%	-1.4%	-24.2%	60.4%	-46.2%	154.7%
Return on equity %	—	—	-24%	-36.3%	-164.3%	13.2%	212.1%	76.6%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	69.95%	69.95%	69.95%	69.95%	69.8%	69.8%	69.8%	69.8%	69.8%	69.8%	69.8%	69.8%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	30.05%	30.05%	30.05%	30.05%	30.2%	30.2%	30.2%	30.2%	30.2%	30.2%	30.2%	30.2%
No. of shareholders	—	—	—	—	—	—	—	—	9,796	9,765	9,454	9,253

Promoter holding down 0.15 percentage points since Sep 2023.

25 deals · 20 Dec 2022 – 25 Aug 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
25 Aug 2025	ANKITA VISHAL SHAH	Bulk	NSE	Buy	92,173	₹43.35	₹0.40 Cr
25 Aug 2025	ANKITA VISHAL SHAH	Bulk	NSE	Sell	92,173	₹45.47	₹0.42 Cr
30 Apr 2025	ANKITA VISHAL SHAH	Bulk	NSE	Buy	3,19,045	₹48.66	₹1.55 Cr
30 Apr 2025	ANKITA VISHAL SHAH	Bulk	NSE	Sell	3,19,045	₹49.17	₹1.57 Cr
29 Apr 2025	AMIT KUMAR JAIN	Bulk	NSE	Buy	1,46,985	₹42.18	₹0.62 Cr
29 Apr 2025	ANKITA VISHAL SHAH	Bulk	NSE	Sell	1,01,853	₹42.23	₹0.43 Cr
29 Apr 2025	ANKITA VISHAL SHAH	Bulk	NSE	Buy	1,01,586	₹41.60	₹0.42 Cr
29 Apr 2025	AMIT KUMAR JAIN	Bulk	NSE	Sell	1,00,000	₹41.76	₹0.42 Cr
2 Dec 2024	SILVER LINE VENTURES PRIVATE LIMITED	Bulk	NSE	Sell	1,05,000	₹52.47	₹0.55 Cr
2 Dec 2024	SILVER LINE VENTURES PRIVATE LIMITED	Bulk	NSE	Buy	1,05,000	₹51.97	₹0.55 Cr

1–10 of 25

1 / 3

Mr. Punamchand MaluExecutive Director-Chairperson related to Promoter-CEO-MD
Mr. Banwarilal MaluExecutive Director-MD
Mr. Vasudeo MaluNon-Executive - Non Independent Director
Mr. Purshottam MaluNon-Executive - Non Independent Director
Mr. Sahil AgrawalNon-Executive - Independent Director
Mr. Vijaykumar Mulchandji SardaNon-Executive - Independent Director
Mr. Rajesh Nandkishore SardaNon-Executive - Independent Director
Mrs. Surabhi Pankaj GandhiNon-Executive - Independent Director
Ms. Mayuri Suresh AsawaCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Malu Paper Mills Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results23 Jul 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

4 announcementsExport CSV

1 Oct 2026, 1:24 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	37.4%	27.4%	29.4%	37.9%	28.7%	30.5%
EBITDA margin %	8.6%	5.7%	3.4%	1.7%	-0.4%	6.1%	-0.3%	-2.1%
EBIT margin %	6.9%	3.5%	0.4%	-0.7%	-2.6%	4.3%	-2.2%	-3.8%
PAT margin %	2.7%	0.3%	-3.4%	-3%	-4.5%	0.3%	-4.4%	-5.9%
Working capital
Receivable days	—	—	70	51	35	41	45	43
Inventory days	—	—	97	100	91	109	86	68
Payable days	—	—	110	77	43	55	53	74
NWC days	—	—	57	73	83	94	79	37
Leverage
Current ratio	—	—	0.57	0.58	0.55	0.59	0.53	0.47
Debt to EBITDA	—	—	16.1	28.5	—	7.83	—	—
Debt to equity	—	—	3.83	5.95	19.19	19.29	-24.78	-5.99
Interest coverage	2	1.1	0.2	-0	-0.6	1.1	-0.5	-1
Asset turnover	—	—	1.13	1.36	1.55	1.64	1.61	1.84
Return ratios
Return on assets %	—	—	-3.8%	-4%	-6.9%	0.5%	-7%	-10.8%
Return on capital employed %	—	—	5.3%	-1.4%	-24.2%	60.4%	-46.2%	154.7%
Return on equity %	—	—	-24%	-36.3%	-164.3%	13.2%	212.1%	76.6%

Date	Category	Subject	Filing
1 Oct 2026, 1:24 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
2 Sept 2026, 6:52 pm	Others Reg. 34 (1) Annual Report	Reg. 34 (1) Annual Report.	PDF
2 Sept 2026, 6:16 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
1 Sept 2026, 5:30 pm	AGM/EGM AGM	Notice Of The Thirty-Third (33Rd) Annual General Meeting Of The Company Along With Annual Report 2025-26	PDF

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	4	-2	-9	10	4	7
	-1	0	-1	-8	-3	-7
	-2	2	11	-2	-1	-1
Net cash flow	-0	0	0	0	0	-0
Free cash flow	2	-2	-11	2	1	1
CFO / Operating profit %	61.3%	-66.7%	—	57%	—	—

Malu Paper Mills Limited

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

Board meetings1

Announcements

Board meetings1

Ratio timeline

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Quarterly record

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Return on equity

1

1