Malu Paper Mills Limited - manufacturing in Nagpur, Maharashtra, India. FY 2026 financials & compliance.
CIN L15142MH1994PLC076009 Incorporated 11 January 1994 ROC Nagpur HQ Nagpur, Maharashtra, India
Active Listed - NSE: MALUPAPER · BSE: 532728 Public Limited Company manufacturing MSME · Medium
Data last updated
Market Cap
₹52.03 Cr
MALUPAPER · NSE
Share Price
₹30.33
-0.56% today
Revenue
₹335 Cr
FY 2025-26 · +20.4% YoY
EBITDA
−₹6.50 Cr
Margin -1.9%
Net Profit
−₹19.63 Cr
FY 2025-26 · -61.7% YoY
Authorised capital
₹20 Cr
Registered with MCA
Paid-up capital
₹17.06 Cr
Issued & subscribed
Open charges
₹42.1 Cr
Satisfied ₹125.09 Cr

About Malu Paper Mills Limited

Data last updated:

Malu Paper Mills Limited is a public limited company based in Nagpur, Maharashtra, India. It operates in the paper and packaging products segment of the manufacturing sector. It was incorporated on 11 January 1994 and has been in existence for over 32 years.

The company is registered with the Registrar of Companies (ROC), Nagpur, under CIN L15142MH1994PLC076009. Its GSTIN is 27AACCM4333M1ZB (Maharashtra). It is a listed company as per MCA records. Its shares are listed on BSE: 532728 and NSE: MALUPAPER.

The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹17.06 Cr. It was formerly known as Malu Solvex Limited. It is led by directors including Punamchand Ramlal Malu (Managing Director) and Banwari Bhanwarlal Malu (Managing Director).

Its last annual general meeting (AGM) was held on 21 August 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Heera Plaza 4th Floor Near Telephone Exchange, Nagpur, Maharashtra, India – 440008.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹334.55 Cr, a growth of 20.4% compared to the previous year. For the same year it recorded a net loss of ₹19.63 Cr (net margin -5.9%) and EBITDA of -₹6.5 Cr (EBITDA margin -1.9%). Total assets are valued at ₹131.45 Cr (down 6.3% YoY).

The company has about 253 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Malu Paper Mills. As per MCA filings, the company has open charges of ₹42.1 Cr and satisfied charges of ₹125.09 Cr on record. Court records list 65 cases involving the company, including 21 filed by the company and 44 filed against it; 10 cases are pending. The company has 77 deals on record (76 market trades, 1 ipo); the latest was in August 2025. Its 5 peer companies in the Manufacturing industry (Paper), with the same principal business activity (wood and wood products, furniture, paper and paper products) are compared by revenue, 3 larger and 2 smaller; the largest is Sri Luxmi Tulasi Agro Paper Private Limited with revenue of ₹289.16 Cr. The company has 9 MSME Form 1 returns on record between 2020 and 2024, listing 115 overdue payments to 37 micro and small suppliers.

Malu Paper Mills Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-20-0061903). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website malupaper.com.

Company details

CIN L15142MH1994PLC076009
Registration Number 076009
Incorporation Date 11 January 1994
ROC Nagpur
Listing Status Listed - Listed on NSE (MALUPAPER); Listed on BSE (532728)
Company Status Active
Date of Last AGM 21 August 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-20-0061903

CIN history

Malu Paper Mills has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L15142MH1994PLC076009, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L15142MH1994PLC076009Current
U15142MH2005PLC076009Previous
U15142MH1994PLC076009Previous

Recognitions & Rankings of Malu Paper Mills

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-MH-20-0061903

Contact details

Malu Paper Mills Limited's registered office is in Nagpur, Maharashtra. Its website is malupaper.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Social Media
  • Registered Address
    Heera Plaza 4th Floor Near Telephone Exchange, Nagpur, Maharashtra, India – 440008
  • Industry
    Manufacturing, Paper & Packaging Products

To see the full contact details of Malu Paper Mills Limited, buy the company report.

Comprehensive company report
Malu Paper Mills Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Malu Paper Mills operates one associated brand: Malu Paper Mills. Each brand links to its own profile.

BrandDescriptionWebsite
Recycled paper products, Kraft, newsprint, and writing paper are manufactured.malupaper.com

Business activity

The main business activity of Malu Paper Mills is manufacturing. In detail, this covers wood and wood products, furniture, paper and paper products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC3Wood and wood products, furniture, paper and paper products

To see the full business activity and turnover split of Malu Paper Mills Limited, buy the company report.

Financials of Malu Paper Mills Limited

FY 2025-26 filings available

Malu Paper Mills Limited reported revenue of ₹334.55 Cr (up 20.4% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹335 Cr
+20.4% YoY
EBITDA
−₹6.50 Cr
-591.5% YoY
Profit After Tax
−₹19.63 Cr
-61.7% YoY
Net Worth
−₹25.49 Cr
-345.6% YoY
Total Assets
₹131 Cr
-6.3% YoY
Total Debt
₹155 Cr
+7.5% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue335278274234212170226
Revenue growth+20.4%+1.3%+17.3%+10.4%+24.8%-25.0%-
EBITDA(6.50)(0.94)16.75(0.96)3.605.7312.82
EBITDA margin-1.9%-0.3%+6.1%-0.4%+1.7%+3.4%+5.7%
Profit before tax(23.38)(17.14)1.46(14.00)(8.29)(6.11)1.06
Net profit(19.63)(12.14)0.88(10.46)(6.26)(5.76)0.64
Net profit margin-5.9%-4.4%+0.3%-4.5%-3.0%-3.4%+0.3%
EPS (₹)(11.51)(7.11)0.52(6.13)(3.67)(3.38)0.39
Balance sheet
Total assets131140140130122118119
Net worth(25.49)(5.72)6.806.3617.2524.0730.78
Total debt15514513212310493.2687.84
Cash & bank3.582.661.981.871.741.491.83
Net working capital44.0556.8458.3650.9842.5235.8633.59
Cash flow
Cash from operations7.253.829.28(9.16)(2.24)3.5215.43
Cash from investing(6.63)(2.89)(7.51)(1.50)0.01(1.38)(3.73)
Cash from financing(0.64)(0.83)(1.75)10.632.47(2.47)(10.72)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue12410776.9056.4994.4393.2062.7564.83
Revenue growth (YoY)+30.8%+14.5%+22.6%-12.9%+63.8%---
Other income0.000.000.000.000.000.000.000.00
Total expenses11810279.9959.6399.2092.5063.8165.75
EBITDA5.854.50(3.09)(3.14)(4.77)0.70(1.06)(0.92)
EBITDA margin+4.7%+4.2%-4.0%-5.6%-5.1%+0.8%-1.7%-1.4%
Depreciation1.431.371.371.371.371.451.301.29
Interest2.592.822.923.112.543.512.822.68
Profit before tax1.830.31(7.38)(7.62)(8.68)(4.26)(5.18)(4.89)
Tax0.553.09(2.28)(2.03)(2.53)(1.45)(1.50)(1.23)

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 03 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue12410776.9056.4994.4393.2062.7564.83
Revenue growth (YoY)+30.8%+14.5%+22.6%-12.9%+63.8%---
Other income0.000.000.000.000.000.000.000.00
Total expenses11810279.9959.6399.2092.5063.8165.75
EBITDA5.854.50(3.09)(3.14)(4.77)0.70(1.06)(0.92)
EBITDA margin+4.7%+4.2%-4.0%-5.6%-5.1%+0.8%-1.7%-1.4%
Depreciation1.431.371.371.371.371.451.301.29
Interest2.592.822.923.112.543.512.822.68
Profit before tax1.830.31(7.38)(7.62)(8.68)(4.26)(5.18)(4.89)
Tax0.553.09(2.28)(2.03)(2.53)(1.45)(1.50)(1.23)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue335278274234212170226
Revenue growth+20.4%+1.3%+17.3%+10.4%+24.8%-25.0%-
Other income0.000.550.620.661.080.951.09
Total expenses341279258235208164213
Employee cost0.0010.418.608.587.926.698.71
EBITDA(6.50)(0.94)16.75(0.96)3.605.7312.82
EBITDA margin-1.9%-0.3%+6.1%-0.4%+1.7%+3.4%+5.7%
Depreciation5.505.335.015.035.075.014.90
Interest11.3811.4210.908.677.907.787.95
Profit before tax(23.38)(17.14)1.46(14.00)(8.29)(6.11)1.06
Tax(3.75)(5.00)0.58(3.54)(2.03)(0.34)0.42
Net profit(19.63)(12.14)0.88(10.46)(6.26)(5.76)0.64
Net profit margin-5.9%-4.4%+0.3%-4.5%-3.0%-3.4%+0.3%
EPS (₹)(11.51)(7.11)0.52(6.13)(3.67)(3.38)0.39
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital17.0617.0617.0617.0617.0617.0617.06
Reserves & surplus(42.55)(22.78)(10.26)(10.70)0.197.0113.72
Shareholders' funds (net worth)(25.49)(5.72)6.806.3617.2524.0730.78
Secured loans27.0328.4832.3632.8024.1924.1121.68
Unsecured loans12811699.2990.1279.5269.1566.16
Total debt15514513212310493.2687.84
Total liabilities131140140130122118119
Assets
Gross block170164157155153153152
Net block67.7267.2464.8467.5871.1775.6579.71
Capital work in progress0.000.005.280.000.000.500.00
Investments0.110.110.110.110.110.110.11
Inventories43.2946.7950.7541.0141.9828.1621.76
Sundry debtors38.9734.5030.7122.6229.4932.5425.96
Cash & bank balances3.582.661.981.871.741.491.83
Loans & advances7.764.992.676.052.806.164.94
Total current assets93.6088.9486.1171.5576.0168.3554.49
Total current liabilities49.5532.1027.7520.5733.4932.4920.90
Net working capital44.0556.8458.3650.9842.5235.8633.59
Total assets131140140130122118119
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.150.050.030.051.491.830.85
Net cash from operating activities7.253.829.28(9.16)(2.24)3.5215.43
Net cash from investing activities(6.63)(2.89)(7.51)(1.50)0.01(1.38)(3.73)
Net cash from financing activities(0.64)(0.83)(1.75)10.632.47(2.47)(10.72)
Net change in cash(0.02)0.100.03(0.02)0.24(0.33)0.98
Closing cash3.582.661.981.871.741.491.83
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+20.4%+1.3%+17.3%+10.4%+24.8%-25.0%-
EBITDA growth-591.5%-105.6%+1844.8%-126.7%-37.2%-55.3%-
PBT growth-36.4%-+9998.0%-68.9%-35.7%--89.5%
Net income growth-61.7%-1479.6%+108.4%-67.1%-8.7%-1000.0%-
Revenue CAGR (3Y)+12.7%+9.5%+17.4%+1.1%-8.3%-15.3%-2.3%
EBITDA CAGR (3Y)+89.2%-+43.0%--46.5%-31.5%-16.7%
Profitability & leverage
Net income margin-5.9%-4.4%+0.3%-4.5%-3.0%-3.4%+0.3%
Return on capital employed-0.0%+7.8%0.0%0.0%0.0%+6.2%
Return on net worth-0.0%+3.0%0.0%0.0%0.0%+1.2%
Debt / equity-256.3619.349.604.773.302.86
Long-term debt / equity-19.411.940.790.290.260.33
Interest cover-94.83-182.1492.84-144.74-537.411,080.56100.38
Efficiency & per share
Fixed asset turnover-1.731.761.521.391.121.52
Inventory turnover-5.705.985.646.046.809.35
Debtors turnover-8.5210.298.986.835.809.08
EPS (₹)(11.51)(7.11)0.52(6.13)(3.67)(3.38)0.39
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)0.00(3.35)3.983.7310.1114.1118.04

To see the full year-wise statements and ratios of Malu Paper Mills Limited, buy the company report.

Board of directors of Malu Paper Mills Limited

Malu Paper Mills has 8 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Punamchand Ramlal MaluManaging Director11 Jan 199432 Years 9 MonthsCurrent
Banwari Bhanwarlal MaluManaging Director11 Jan 199432 Years 9 MonthsCurrent
Vasudeo Bhanwarlal MaluDirector11 Jan 199432 Years 9 MonthsCurrent
Sahil Shankar AgrawalDirector09 Nov 20205 Years 11 MonthsCurrent
Purshottam Ramlal MaluDirector09 Nov 20205 Years 11 MonthsCurrent
Vijaykumar Mulchandji SardaDirector25 Sep 20242 Years 1 MonthsCurrent
Showing 6 of 8 current directors. View all directors

Peer comparison

Malu Paper Mills Limited is compared with the 5 companies closest to it by revenue in the Manufacturing industry (Paper), with the same principal business activity (wood and wood products, furniture, paper and paper products), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Malu Paper Mills Limitedthis company₹334.55 Cr (FY 2026)-₹19.63 Cr-5.9%20.4%253Nagpur, Maharashtra, India
Sri Luxmi Tulasi Agro Paper Private Limited₹289.16 Cr (FY 2025)-3.0%Andhra Pradesh, India
R.A.Shaikh Paper Mills Private Limited₹286.49 Cr (FY 2025)27.0%Dadra and Nagar Haveli, India
Loparex India Private Limited₹284.52 Cr (FY 2025)-4.0%Mumbai, Maharashtra, India
Vishwanath Paper & Boards Private Limited₹275.81 Cr (FY 2025)14.0%Kashipur, Uttarakhand, India
Vamshadhara Paper Mills Limited₹274.25 Cr (FY 2025)8.0%Telangana, India

To see the full peer comparison of Malu Paper Mills Limited, buy the company report.

Auditor

Malu Paper Mills Limited is audited by Demble Ramani & Co for the financial year 2023.

Auditor firmFinancial yearFirm registration number
Demble Ramani & CoFY 2023102259W

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 69.80%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 30.20%.

Promoters: 69.80%Retail & Others: 30.20%
Sep 2026
QUARTER
69.80% Promoters
30.20% Retail & Others
Promoter holding - history
Now 69.80% · Sep 2026High 69.80% · Dec 2025Low 69.80% · Dec 2025
68%68.8%69.5%70.3%71%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 69.80%Mar 2026: 69.80%Jun 2026: 69.80%Sep 2026: 69.80%69.80%69.80%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters69.80%69.80%69.80%69.80%
Public30.20%30.20%30.20%30.20%

Charges & borrowings

Open charges
₹42.1 Cr
Satisfied charges
₹125.09 Cr
Breakdown by lending institutions
Axis Bank Limited₹42.10 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
29 Sep 201210383237Axis Bank Limited₹42.1 CrOpen
24 Apr 200810111558Axis Bank Limited₹40.95 CrSatisfied
24 Apr 200810111570Axis Bank Limited₹10 CrSatisfied
19 Sep 200710081806Icici Bank Limited₹17 LakhSatisfied
01 Nov 200610023999Uti Bank Limited₹45 CrSatisfied

To see the full charge records of Malu Paper Mills Limited, buy the company report.

Total charge records: 14 View all charges

Deals & funding

Malu Paper Mills Limited has 77 deals on record (76 market trades, 1 ipo); the latest was in August 2025.

Total deals
77
Market trades
76
IPO
1

Deals on record (5 of 77)

WhenDealAmountParties
Nov 2024Market trade₹54.2 LakhBuyer: Orion Stocks Limited
Seller: Orion Stocks Limited
Jan 2024Market trade₹62.6 LakhSeller: Yuga Stocks & Commodities Private Limited
Jan 2024Market trade₹2.09 CrBuyer: Yuga Stocks & Commodities Private Limited , 2 individuals
Seller: an individual
Jan 2024Market trade₹44 LakhBuyer: Jainam Broking Limited
Jul 2021Market trade₹1.55 CrBuyer: Graviton Research Capital LLP
Seller: Stock Vertex Ventures, Graviton Research Capital LLP , an individual

To see the full deal history of Malu Paper Mills Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Malu Paper Mills Limited was last rated by Crisil on 24 Nov 2020.

Rating agencyRated onRating
Crisil24 Nov 2020

To see the full credit ratings and regulatory alerts of Malu Paper Mills Limited, buy the company report.

MSME payment delays

Malu Paper Mills Limited has 9 MSME Form 1 returns on record between 2020 and 2024, listing 115 overdue payments to 37 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 37)

SupplierAmount dueDue sinceReported on
an individual supplier
an individual supplier
an individual supplier
Vishal Engineering & Mill Stores
an individual supplier

To see the full MSME payment records of Malu Paper Mills Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Malu Paper Mills Limited has a workforce of 253 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.

Employee count
253
Active EPFO establishments
1
Employee growth
0.4%

GST

Malu Paper Mills has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
27AACCM4333M1ZBMaharashtraActive01 Jul 2017

To see the full GST registrations and return filing status of Malu Paper Mills Limited, buy the company report.

Recent activity

Malu Paper Mills Limited has 31 board changes on record since 1994: 20 appointments and 11 cessations. The latest: Chandrakant Jaydevshankar Thakar ceased to be Director on 25 Sep 2024.

Charges
A charge with Axis Bank Limited of Rs. 42.10 Cr registered on 29 Sep 2012 with Charge ID 10383237 was modified on 07 Sep 2026.
Filing
Malu Paper Mills Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Nagpur.
AGM
Malu Paper Mills Limited last Annual general meeting of members was held on 21 Aug 2025 as per latest MCA records.
Ceased
Chandrakant Jaydevshankar Thakar ceased to be Director.
Appointed
Rajesh Nandkishore Sarda was appointed as Director.
Ceased
Satyanarayan Rathi ceased to be Director.
Ceased
Shrutika Arvind Inani ceased to be Director.
Appointed
Surabhi Pankaj Gandhi was appointed as Director.
Appointed
Vijaykumar Mulchandji Sarda was appointed as Director.
Appointed
Purshottam Ramlal Malu was appointed as Director.
Appointed
Sahil Shankar Agrawal was appointed as Director.
Ceased
Shyamsunder Shivnarayan Sarda ceased to be Director.

52 earlier events are in the company report.

Frequently asked questions

Malu Paper Mills is an active public limited company based in Nagpur, Maharashtra, India. The company works in paper and packaging products, within the manufacturing industry. It was incorporated on 11 January 1994 (32+ years old) and is registered under CIN L15142MH1994PLC076009. Listed on BSE: 532728 and NSE: MALUPAPER.

Malu Paper Mills reported revenue of ₹334.55 Cr for FY 2025-26 (up 20.4% YoY) based on standalone financials.

Malu Paper Mills has 8 current directors:

The latest financial statements of Malu Paper Mills on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 21 August 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Malu Paper Mills is 27AACCM4333M1ZB, registered in Maharashtra.

The CIN (Corporate Identification Number) of Malu Paper Mills is L15142MH1994PLC076009. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Malu Paper Mills is a listed company as per MCA records. Its shares are listed on both BSE (code: 532728) and NSE (symbol: MALUPAPER).

Malu Paper Mills has 65 court cases on record: 21 filed by the company and 44 filed against it. 10 are pending. Most are in the district courts.

Malu Paper Mills was incorporated on 11 January 1994, making it 32+ years old. It is registered with the Registrar of Companies, Nagpur.

Malu Paper Mills has 77 deals on record (76 market trades, 1 ipo); the latest was in August 2025.

The peers of Malu Paper Mills by revenue are Sri Luxmi Tulasi Agro Paper Private Limited, R.A.Shaikh Paper Mills Private Limited, Loparex India Private Limited, Vishwanath Paper & Boards Private Limited, Vamshadhara Paper Mills Limited, all in the Manufacturing industry (Paper), with the same principal business activity (wood and wood products, furniture, paper and paper products).

Chandrakant Jaydevshankar Thakar ceased to be Director on 25 Sep 2024. Rajesh Nandkishore Sarda was appointed as Director on 25 Sep 2024. Satyanarayan Rathi ceased to be Director on 25 Sep 2024. Malu Paper Mills has 31 board changes on record in total.