Malu Paper Mills Limited (MALUPAPER) AI Stock Analysis

• Market Cap: ₹640.75M
• Dividend Yield: N/A
• Average Volume (3M): 8.00K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.07
• Revenue Growth: 19.98%
• EPS Growth: -1119.39%
• Country: IN
• Employees: 211
• Sector: Basic Materials
• Sector Strength: 60
• Industry: Paper, Lumber & Forest Products
• EPS (TTM): -3.61
• Shares Outstanding: 17,059,250
• 10 Day Avg. Volume: 2,164
• 30 Day Avg. Volume: 7,998
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: ₹40.00
• Price Target Upside: 5.37% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 46 Neutral
• Price Target: ₹40.00 ▲(5.37% Upside)

Malu Paper Mills Limited's overall stock score is primarily impacted by its poor financial performance, characterized by high leverage and negative profitability. Technical analysis suggests mixed signals, with potential short-term weakness. Valuation concerns persist due to a negative P/E ratio and lack of dividends, further weighing on the score.

Malu Paper Mills Limited Business Overview & Revenue Model

Company Description

Malu Paper Mills Limited (MALUPAPER) is an Indian paper manufacturing company engaged in the production of a wide range of paper products. The company primarily operates in the paper and paperboard sector, focusing on the manufacturing of writing, printing, and kraft paper. Established in the late 20th century, Malu Paper Mills has carved a niche for itself by providing quality paper solutions to various industries including publishing, packaging, and stationery.

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

The company is experiencing severe financial distress with negative profitability, high leverage, and poor cash flow generation. There is a critical need for strategic restructuring to stabilize operations.

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	Mar 2025	Mar 2024	Mar 2022	Mar 2023	Mar 2021
Income Statement
Total Revenue	2.78B	2.74B	2.12B	2.33B	1.69B
Gross Profit	646.87M	1.00B	48.52M	530.15M	107.69M
EBITDA	-3.82M	169.31M	44.63M	-5.80M	63.10M
Net Income	-121.32M	8.95M	-62.62M	-104.54M	-57.71M
Balance Sheet
Total Assets	1.72B	1.67B	1.55B	1.51B	1.51B
Cash, Cash Equivalents and Short-Term Investments	26.61M	19.78M	408.00K	18.66M	502.98K
Total Debt	1.42B	1.31B	1.03B	1.22B	922.51M
Total Liabilities	1.78B	1.61B	1.38B	1.45B	1.27B
Stockholders Equity	-57.22M	67.98M	172.48M	63.62M	240.66M
Cash Flow
Free Cash Flow	-99.02M	15.28M	-23.20M	-106.07M	20.10M
Operating Cash Flow	-74.54M	92.85M	-22.42M	-91.63M	35.16M
Investing Cash Flow	-30.39M	-75.08M	149.00K	-14.96M	-13.77M
Financing Cash Flow	105.89M	-17.49M	24.70M	106.34M	-24.70M

Malu Paper Mills Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 37.96
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• 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 37.96 is below the 20-day moving average (MA) of 39.76, below the 50-day MA of 40.47, and below the 200-day MA of 40.98, indicating a bearish trend. The MACD of -0.85 indicates Positive momentum. The RSI at 42.34 is Neutral, neither overbought nor oversold. The STOCH value of 33.04 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	81 Outperform	₹4.06B	5.84		3.71%	1.65%	64.75%
STARPAPER	74 Outperform	₹2.62B	6.37		2.38%	-2.56%	-31.16%
Sector *	70 Outperform	¥179.17B	11.24	5.69%	3.09%	2.75%	-12.76%
RAMAPHO	65 Neutral	₹5.04B	18.02		0.18%	24.35%	―
MALUPAPER	46 Neutral	₹640.75M	―		―	19.98%	-1119.39%
BALKRISHNA	44 Neutral	₹639.88M	253.96		―	-26.06%	94.34%
BALLARPUR	37 Underperform	$1.15B	―		―	―	―

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.