Malu Paper Mills Limited (MALUPAPER) AI Stock Analysis

• Market Cap: ₹662.92M
• Dividend Yield: N/A
• Average Volume (3M): 10.93K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.03
• Revenue Growth: 19.98%
• EPS Growth: -1119.39%
• Country: IN
• Employees: 211
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Paper, Lumber & Forest Products
• EPS (TTM): -3.61
• Shares Outstanding: 17,059,250
• 10 Day Avg. Volume: 11,102
• 30 Day Avg. Volume: 10,933
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹38.00
• Price Target Upside: -2.21% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 45 Neutral
• Price Target: ₹38.00 ▼(-2.21% Downside)

The overall stock score reflects significant financial distress, with high leverage and negative equity being major concerns. Technical analysis provides no clear direction, and the valuation is unattractive due to a negative P/E ratio. These factors collectively result in a low score, indicating high risk and limited investment appeal.

Malu Paper Mills Limited Business Overview & Revenue Model

Company Description

Malu Paper Mills Limited manufactures and sells paper in India. It provides newsprint, writing and printing, kraft, and packaging paper. Malu Paper Mills Limited was incorporated in 1994 and is based in Nagpur, India.

How the Company Makes Money

Malu Paper Mills Limited generates revenue by manufacturing and selling a diverse portfolio of paper products. The company derives its income primarily from the sale of writing and printing paper, which is supplied to educational institutions, corporate offices, and publishing houses. Additionally, Malu Paper produces kraft paper, which is used extensively in the packaging industry for making corrugated boxes, bags, and other packaging materials. The company's revenue streams are bolstered by its strategic partnerships with distributors and wholesalers, allowing it to reach a broad customer base across India and potentially in international markets. Factors such as cost-effective production processes, economies of scale, and a focus on sustainable paper manufacturing contribute significantly to its earnings.

Malu Paper Mills Limited Financial Statement Overview

Summary

Malu Paper Mills Limited is facing severe financial difficulties, with declining profitability, high leverage, and negative equity. The cash flow issues further indicate a reliance on external funding, highlighting the need for strategic restructuring.

Income Statement

Malu Paper Mills Limited has experienced significant fluctuations in profitability with a recent decline in revenue. The gross profit margin has been inconsistent, and the net profit margin has turned negative, indicating financial stress. Despite a brief period of EBIT and EBITDA profitability in 2024, the company has reverted to negative margins, signaling operational challenges.

Balance Sheet

The company's balance sheet reflects high leverage, with a negative stockholders' equity position in 2025, indicating financial distress. The debt-to-equity ratio is concerningly high due to negative equity, and the return on equity has been volatile, recently turning negative. The equity ratio has decreased significantly, highlighting increased financial risk.

Cash Flow

Cash flow analysis shows inconsistent operating cash flows with negative free cash flow in recent years. The free cash flow to net income ratio is unfavorable, pointing to cash generation issues. Financing activities have been necessary to support operations, suggesting reliance on external funding.

Breakdown	TTM	Dec 2025	Dec 2023	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.60B	2.78B	2.33B	2.74B	2.12B	1.69B
Gross Profit	798.34M	646.87M	530.15M	1.00B	48.52M	107.69M
EBITDA	37.31M	-3.82M	-5.80M	169.31M	44.63M	63.10M
Net Income	-92.14M	-121.32M	-104.54M	8.95M	-62.62M	-57.71M
Balance Sheet
Total Assets	0.00	1.72B	1.51B	1.67B	1.55B	1.51B
Cash, Cash Equivalents and Short-Term Investments	20.43M	26.61M	18.66M	19.78M	408.00K	502.98K
Total Debt	0.00	1.42B	1.22B	1.31B	1.03B	922.51M
Total Liabilities	-9.59M	1.78B	1.45B	1.61B	1.38B	1.27B
Stockholders Equity	9.59M	-57.22M	63.62M	67.98M	172.48M	240.66M
Cash Flow
Free Cash Flow	0.00	-99.02M	-106.07M	15.28M	-23.20M	20.10M
Operating Cash Flow	0.00	-74.54M	-91.63M	92.85M	-22.42M	35.16M
Investing Cash Flow	0.00	-30.39M	-14.96M	-75.08M	149.00K	-13.77M
Financing Cash Flow	0.00	105.89M	106.34M	-17.49M	24.70M	-24.70M

Malu Paper Mills Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 38.86
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MALUPAPER, the sentiment is Negative. The current price of 38.86 is below the 20-day moving average (MA) of 38.98, below the 50-day MA of 38.97, and below the 200-day MA of 39.75, indicating a bearish trend. The MACD of 0.27 indicates Negative momentum. The RSI at 48.44 is Neutral, neither overbought nor oversold. The STOCH value of 41.99 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:MALUPAPER.

Malu Paper Mills Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RUCHIRA	75 Outperform	₹4.23B	6.08	14.44%	3.53%	1.65%	64.71%
STARPAPER	74 Outperform	₹2.63B	6.56	6.04%	2.08%	-2.56%	-31.16%
RAMAPHO	60 Neutral	₹5.54B	19.80	3.68%	0.16%	24.35%	―
BALKRISHNA	46 Neutral	₹774.24M	272.45	-4.85%	―	-26.06%	―
MALUPAPER	45 Neutral	₹662.92M	―	―	―	19.98%	-1119.39%
BALLARPUR	37 Underperform	₹1.15B	―	-14.46%	―	―	―
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%

Malu Paper Mills Limited Corporate Events

Malu Paper Mills Schedules 32nd AGM and Releases Annual Report

Malu Paper Mills Limited has announced the scheduling of its 32nd Annual General Meeting (AGM) on August 21, 2025, at its registered office in Nagpur. The company has also made available its Annual Report for the financial year 2024-25 on its website and has sent notifications to shareholders who have not registered their email addresses. This move aligns with SEBI regulations and encourages shareholders to update their KYC details and dematerialize physical securities, ensuring compliance and enhancing communication.