MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-TN-30-0012658
Palar Paper Mills Limited
Palar Paper Mills Limited - manufacturing in A Street, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹30.85 Cr
▼ 40% YoY
Net profit · FY 2024
₹3.55 Lakh
Net margin 0.1%
EBITDA · FY 2024
₹2.11 Cr
EBITDA margin 6.8%
Authorised capital
₹10 Cr
Registered with MCA
Paid-up capital
₹9.95 Cr
Issued & subscribed
Open charges
₹22.91 Cr
Satisfied ₹21.16 Cr
Company age
30 yrs
Est. 1996
Directors on board
4
As per MCA filings
About Palar Paper Mills Limited
Data last updated:
Palar Paper Mills Limited is a public limited company based in A Street, Tamil Nadu, India. It operates in the paper and packaging products segment of the manufacturing sector. It was incorporated on 12 January 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U21093TN1996PLC034186. Its GSTIN is 33AABCP8544Q1ZV (Tamil Nadu).
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹9.95 Cr. It is led by directors including Sanjeev and Thanigaivel Kalyanasundaram.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No 4 Chunnam Bukkara Street A Street, Tamil Nadu, India.
As per the financials filed for FY 2024, the company reported a revenue of ₹30.85 Cr, a decline of 40% compared to the previous year. For the same year it recorded a net profit of ₹3.55 Lakh (net margin 0.1%) and EBITDA of ₹2.11 Cr (EBITDA margin 6.8%). Revenue has grown at a compounded annual rate (CAGR) of 436% over three years.
As per MCA filings, the company has open charges of ₹22.91 Cr and satisfied charges of ₹21.16 Cr on record. Court records list 27 cases involving the company, including 10 filed by the company and 17 filed against it; 4 cases are pending.
Palar Paper Mills Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-TN-30-0012658). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U21093TN1996PLC034186
Registration Number 034186
Incorporation Date 12 January 1996
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-TN-30-0012658
Recognitions & Rankings of Palar Paper Mills
Contact details
Palar Paper Mills Limited's registered office is in A Street, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo 4 Chunnam Bukkara Street A Street, Tamil Nadu, India
- IndustryManufacturing, Paper & Packaging Products
To see the full contact details of Palar Paper Mills Limited, buy the company report.
Comprehensive company report
Palar 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
Business activity
The main business activity of Palar Paper Mills is manufacturing. In detail, this covers wood and wood products, furniture, paper and paper products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C3 | Wood and wood products, furniture, paper and paper products |
To see the full business activity and turnover split of Palar Paper Mills Limited, buy the company report.
Financials of Palar Paper Mills Limited
FY 2024 filings availablePalar Paper Mills Limited reported revenue of ₹30.85 Cr (down 40% YoY) for FY 2024.
Revenue · FY 2024
₹30.85 Cr ▼ 40%
Net profit · FY 2024
₹3.55 Lakh margin 0.1%
EBITDA · FY 2024
₹2.11 Cr margin 6.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 40%
3 years · compounded
▲ 436%
EBITDA CAGR growth
1 year
▼ 4%
3 years · compounded
▲ 202%
5 years · compounded
▲ 108%
Revenue fell 40% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 436%. EBITDA fell 4% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.11 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.55 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.8% | ||||
| Net Profit Margin | 0.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Palar Paper Mills Limited, buy the company report.
Board of directors of Palar Paper Mills Limited
Palar Paper Mills has 4 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjeev | Director | 29 May 2020 | 6 Years 5 Months | Current |
| Murali Swathi | Additional Director | 09 Jul 2021 | 5 Years 3 Months | Current |
| Mohanbabu Balaiah Also directs: Nagsa Business Centre Hyd Private Limited | Additional Director | 29 May 2020 | 6 Years 5 Months | Current |
| Thanigaivel Kalyanasundaram | Director | 12 Jan 1996 | 30 Years 9 Months | Current |
Peer comparison
Palar Paper Mills Limited is compared with the 8 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.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Highwaymen Private Limited | ₹31.18 Cr (FY 2023) | 2291.0% | Delhi, India | |||
| Wilson Paper Mills Private Limited | ₹31.06 Cr (FY 2025) | 33.0% | Rajkot, Gujarat, India | |||
| Anjani International Private Limited | ₹31.04 Cr (FY 2025) | 0.0% | Indore, Madhya Pradesh, India | |||
| Pioneer Paper & Stationery Private Limited | ₹30.91 Cr (FY 2024) | -4.0% | Kolkata, West Bengal, India | |||
| Palar Paper Mills Limitedthis company | ₹30.85 Cr (FY 2024) | ₹3.55 Lakh | 0.1% | -40.0% | A Street, Tamil Nadu, India | |
| Shree Samrat Pulp and Paper Private Limited | ₹30.5 Cr (FY 2023) | 365.0% | Mumbai, Maharashtra, India | |||
| Aksa Paper Mills Private Limited | ₹30.48 Cr (FY 2024) | 1879.0% | Vapi, Gujarat, India | |||
| VSR Paper and Packaging Limited | ₹30.48 Cr (FY 2024) | 109.0% | Bangalore, Karnataka, India | |||
| Shrivaikunth Paper and Boards Private Limited | ₹30.4 Cr (FY 2024) | -16.0% | Sirumugai, Tamil Nadu, India |
To see the full peer comparison of Palar Paper Mills Limited, buy the company report.
Auditor
Palar Paper Mills Limited is audited by S Balasubramanian for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S Balasubramanian | FY 2022 | 022779 |
Shareholding
The shareholding of Palar Paper Mills Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Palar Paper Mills Limited, buy the company report.
Charges & borrowings
Open charges
₹22.91 Cr
Satisfied charges
₹21.16 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Dec 2021 | 100528754 | Canara Bank | ₹9.5 Cr | Open | |
| 28 Dec 2017 | 100172702 | Canara Bank | ₹11.71 Cr | Open | |
| 23 Mar 1998 | 90282132 | State Industries Promotion Corpn. of Tamil Nadu Limited | ₹1.7 Cr | Open | |
| 13 Jul 2004 | 90282503 | The South Indian Bank Limited | ₹3.1 Cr | Satisfied | |
| 13 Jul 2004 | 90283289 | The South Indian Bank Ltd. | ₹16.61 Cr | Satisfied |
To see the full charge records of Palar Paper Mills Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Palar Paper Mills Limited has 27 court cases on record: 10 filed by Palar Paper Mills, 17 filed against it. 4 cases are pending and 23 are disposed.
Total cases
27
Filed by the company
10
Filed against the company
17
Pending
4
Disposed
23
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 14 | 12 | 4 |
| High courts | 12 | 5 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 27)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Tiruvallur, Tamil Nadu | Civil suit | Filed against the company by Productivity Solutions Private Limited, Rep by Its Managing Director Mr.Shriram Kannan | Pending |
| District court, South West, Delhi | Cheque dishonour complaint | Filed against the company by Maxim Specialty Chemicals Pvt Ltd | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.EX.) | Filed against the company by M/S Raja Recycling LLP and 1 other | Disposed |
| District court, Coimbatore, Tamil Nadu | Civil suit | Filed against the company by Pride Lubricants Pvt Ltd | Disposed |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Shalimar Wires Industries Ltd. | Disposed |
To see the full case history of Palar Paper Mills Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Palar Paper Mills Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Palar Paper Mills has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AABCP8544Q1ZV | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Palar Paper Mills Limited, buy the company report.
Recent activity
Palar Paper Mills Limited has 10 board changes on record since 1996: 4 appointments and 6 cessations. The latest: Sanjeev ceased to be Additional Director on 29 Sep 2024.
AGM
Palar Paper Mills Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Ceased
Sanjeev ceased to be Additional Director.
Filing
Palar Paper Mills Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.
Charges
A charge with Canara Bank of Rs. 9.50 Cr registered on 31 Dec 2021 with Charge ID 100528754 was modified on 27 Dec 2023.
Charges
A charge registered on 26 Mar 1998 via Charge ID 90284622 with The Tamilnadu Industrial Investment Corpn. Ltd. was fully satisfied on 24 Mar 2022.
Charges
A charge registered on 13 Jul 2004 via Charge ID 90283289 with The South Indian Bank Ltd. was fully satisfied on 15 Feb 2022.
Charges
A charge registered on 13 Jul 2004 via Charge ID 90282503 with The South Indian Bank Limited was fully satisfied on 15 Feb 2022.
Charges
A charge with Canara Bank amounted to Rs. 9.50 Cr with Charge ID 100528754 was registered on 31 Dec 2021.
Appointed
Murali Swathi was appointed as Additional Director.
Ceased
Mahalingam Pradeep ceased to be Additional Director.
Charges
A charge with Canara Bank of Rs. 11.71 Cr registered on 28 Dec 2017 with Charge ID 100172702 was modified on 26 Mar 2021.
Ceased
Pappanallur Madapoosai Padmanaban ceased to be Additional Director.
13 earlier events are in the company report.
Frequently asked questions
Palar Paper Mills is an active public limited company based in A Street, Tamil Nadu, India. The company works in paper and packaging products, within the manufacturing industry. It was incorporated on 12 January 1996 (30+ years old) and is registered under CIN U21093TN1996PLC034186.
Palar Paper Mills has 4 current directors:
- Sanjeev - Director
- Murali Swathi - Additional Director
- Mohanbabu Balaiah - Additional Director
- Thanigaivel Kalyanasundaram - Director
The latest financial statements of Palar Paper Mills on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Palar Paper Mills is 33AABCP8544Q1ZV, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Palar Paper Mills is U21093TN1996PLC034186. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Palar Paper Mills has 27 court cases on record: 10 filed by the company and 17 filed against it. 4 are pending. Most are in the district courts.
Palar Paper Mills was incorporated on 12 January 1996, making it 30+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Palar Paper Mills by revenue are Highwaymen Private Limited, Wilson Paper Mills Private Limited, Anjani International Private Limited, Pioneer Paper & Stationery Private Limited, Shree Samrat Pulp and Paper Private Limited and 3 more, all in the Manufacturing industry (Paper), with the same principal business activity (wood and wood products, furniture, paper and paper products).
Sanjeev ceased to be Additional Director on 29 Sep 2024. Murali Swathi was appointed as Additional Director on 09 Jul 2021. Mahalingam Pradeep ceased to be Additional Director on 03 May 2021. Palar Paper Mills has 10 board changes on record in total.
Yes, Palar Paper Mills is registered as an MSME under Udyam registration (number: UDYAM-TN-30-0012658).
The registered office of Palar Paper Mills is at No 4 Chunnam Bukkara Street A Street, Tamil Nadu, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
Swiggy Limited Listed company · 92 pages
BharatPe (Resilient Innovations Pvt Ltd) Unlisted company · 78 pages