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Malu Paper Mills Limited (MALUPAPER) AI Stock Analysis

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IN:MALUPAPER

Malu Paper Mills Limited

(NSE:MALUPAPER)

Select Model
Rating:38Underperform
Price Target:INR 30.00â–¼(-7.09% Downside)
Action:downgraded
Date:10/30/26

The overall score is severely depressed by the company's distressed financial position, marked by negative equity, persistent losses, and negative cash flows. Bearish technical trends and a negative P/E ratio reinforce the weak outlook. The stock carries extreme fundamental and market risk.

Positive Factors
Revenue GrowthOverall revenue growth indicates the company is retaining or expanding demand for its paper products, with the pack reporting 15.2% revenue growth. This provides a foundation for recovery if margins stabilize, although growth alone has not yet translated into durable profitability.
Negative Factors
Margin and Profitability DeclineGross-margin compression from about 36% in FY2024 to 25% in FY2026, alongside a negative EBIT margin of about 3.5% and net margin of about 5.8%, shows that revenue growth is not converting into dependable earnings power.

Malu Paper Mills Limited (MALUPAPER) vs. iShares MSCI India ETF (INDA)

-30%-20%-10%0%10%20%IN:MALUPAPER-14.49%INDA-5.62%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
INR 534.12M
Dividend Yield
―
Average Volume (3M)
1,201
Price to Earnings (P/E)
-13.4
Beta (1Y)
0.90
Revenue Growth
38.31%
EPS Growth
77.96%
Country
India
Employees
286
Sector
General
Sector Strength
55
Industry
Paper, Lumber & Forest Products

Malu Paper Mills Limited Business Overview & Revenue Model

Company Description

Malu Paper Mills Limited is an Indian company dedicated to the creation and distribution of various paper goods. The firm's product range includes crucial paper categories like newsprint, in addition to writing and printing paper, robust kraft paper,...

Malu Paper Mills Limited Financial Statement Overview

Summary

Financial health is critically weak. The Income Statement shows persistent net losses and a -5.85% net margin. The Balance Sheet is distressed with negative shareholders' equity and rising debt, indicating solvency risk. Cash Flow is predominantly negative, with operating and free cash flow deficits limiting financial flexibility.

Income Statement

25Negative

Balance Sheet

10Very Negative

Cash Flow

15Very Negative
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue3.63B3.34B2.78B2.74B2.33B2.12B
Gross Profit1.15B849.72M646.87M1.00B530.15M48.52M
EBITDA43.03M-63.09M-7.80M169.31M-5.80M44.63M
Net Income-121.02M-195.31M-121.32M8.95M-104.54M-62.62M
Balance Sheet
Total Assets01.81B1.72B1.67B1.51B1.55B
Cash, Cash Equivalents and Short-Term Investments35.81M35.81M26.61M528.00K18.66M408.00K
Total Debt01.53B1.42B1.31B1.23B1.03B
Total Liabilities254.89M2.06B1.78B1.61B1.45B1.38B
Stockholders Equity-254.89M-254.89M-57.22M67.98M63.62M172.48M
Cash Flow
Free Cash Flow11.14M-99.64M-99.02M15.28M-106.07M-23.20M
Operating Cash Flow11.19M-39.93M-74.54M92.85M-91.63M-22.42M
Investing Cash Flow6.80M-67.73M-30.39M-75.08M-14.96M149.00K
Financing Cash Flow-18.14M107.46M105.89M-17.49M106.34M24.70M

Malu Paper Mills Limited Technical Analysis

Technical Analysis SentimentPositive
Last Price32.29

Price Trends

50DMA31.87Positive
100DMA31.88Positive
200DMA32.10Positive

Market Momentum

MACD-0.02Negative
RSI55.77Neutral
STOCH63.63Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MALUPAPER, the sentiment is Positive. The current price of 32.29 is above the 20-day moving average (MA) of 31.18, above the 50-day MA of 31.87, and above the 200-day MA of 32.10, indicating a bullish trend. The MACD of -0.02 indicates Negative momentum. The RSI at 55.77 is Neutral, neither overbought nor oversold. The STOCH value of 63.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:MALUPAPER.

Malu Paper Mills Limited Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

IN:MALUPAPER against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
IN:STARPAPERIN:STARPAPER68NeutralINR 2.49B8.18―1.57%-2.69%-22.72%
IN:RUCHIRAIN:RUCHIRA59NeutralINR 3.06B9.18―2.45%-1.26%-52.10%
IN:GENUSPAPERIN:GENUSPAPER56NeutralINR 2.70B15.28――-0.99%144.43%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
IN:ORIENTPPRIN:ORIENTPPR46NeutralINR 3.29B-4.93――-0.07%-398.57%
IN:ASTRONIN:ASTRON41NeutralINR 122.76M-0.59――-97.10%62.68%
IN:MALUPAPERIN:MALUPAPER38UnderperformINR 530.54M-13.41――38.31%77.96%

* General Sector Average

Performance Comparison

-60%-40%-20%0%IN:MALUPAPERIN:ASTRONIN:GENUSPAPERIN:ORIENTPPRIN:RUCHIRAIN:STARPAPERDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
IN:MALUPAPER and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
IN:MALUPAPERMalu Paper Mills Limited32.29-5.06-13.55%
IN:ASTRONAstron Paper & Board Mill Ltd.2.65-5.18-66.16%
IN:GENUSPAPERGenus Paper & Boards Ltd10.35-5.26-33.70%
IN:ORIENTPPROrient Paper & Industries Ltd.16.05-8.32-34.14%
IN:RUCHIRARuchira Papers Limited102.01-27.06-20.97%
IN:STARPAPERStar Paper Mills Ltd.159.05-7.67-4.60%

Malu Paper Mills Limited Corporate Events

Malu Paper Mills files SEBI dematerialisation compliance certificate for September quarter

Oct 15, 2026

Malu Paper Mills Limited has submitted a compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 30 September 2026, as required by Indian securities laws. The registrar MUFG In...

Malu Paper Mills Appoints New Secretarial Auditor for Five-Year Term

Sep 26, 2026

Malu Paper Mills Limited has secured shareholder approval at its 33rd Annual General Meeting for the appointment of CS Priyanka Jaiswal, proprietor of Nagpur-based M/s Priyanka Jaiswal & Associates, as Secretarial Auditor for a five-year term from FY...

Malu Paper Mills Details Outcome of Thirty-Third Annual General Meeting

Sep 23, 2026

Malu Paper Mills Limited held its thirty-third annual general meeting on 23 September 2026 at its registered office in Nagpur, with 38 shareholders attending in person or by proxy out of a base of 9,400 as of the record date. The board elected Managi...

Malu Paper Mills Releases FY 2025-26 Annual Report and AGM Notice

Sep 2, 2026

Malu Paper Mills Limited operates in the paper manufacturing industry, producing various grades of paper for commercial and industrial use. The company is listed on the National Stock Exchange of India and the Bombay Stock Exchange, reflecting its pr...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 30, 2026