Price
Financials
Standalone, Rs crore| Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Sales | 131 | 141 | 126 | 140 | 143 | 154 |
| Expenses | 120 | 129 | 117 | 127 | 135 | 145 |
| Operating Profit | 11 | 12 | 9 | 12 | 9 | 9 |
| OPM % | 8% | 9% | 7% | 9% | 6% | 6% |
| Other Income | 1 | 3 | 1 | 2 | 2 | 1 |
| Interest | 4 | 4 | 3 | 3 | 3 | 3 |
| Depreciation | 3 | 3 | 3 | 4 | 6 | 2 |
| Profit before tax | 5 | 8 | 5 | 8 | 2 | 4 |
| Tax % | -32% | 38% | -25% | 43% | -42% | 4% |
| Net Profit | 6 | 5 | 6 | 4 | 3 | 4 |
| EPS in Rs | 91.91 | 3.89 | 2.95 | 2.25 | 1.58 | 2.15 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales | 187 | 165 | 313 | 327 | 272 | 266 | 297 |
| Expenses | 177 | 151 | 298 | 308 | 249 | 244 | 279 |
| Operating Profit | 11 | 14 | 15 | 19 | 23 | 22 | 18 |
| OPM % | 6% | 9% | 4.7% | 6% | 9% | 8% | 6% |
| Other Income | 1 | 0 | 3 | 2 | 4 | 3 | 3 |
| Interest | 7 | 7 | 7 | 10 | 7 | 6 | 7 |
| Depreciation | 6 | 6 | 6 | 6 | 7 | 7 | 8 |
| Profit before tax | -1 | 2 | 5 | 6 | 13 | 12 | 6 |
| Tax % | 188% | 26% | 29% | -11% | 13% | 17% | -11% |
| Net Profit | -3 | 2 | 3 | 7 | 11 | 10 | 7 |
| EPS in Rs | -46.56 | 26.41 | 50.08 | 101.07 | 8.36 | 5.19 | 3.73 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 12% | -3% | 12% | ||
| Compounded Profit Growth | % | 32% | 3% | -28% | ||
| Stock Price CAGR | % | % | % | -36% | ||
| Return on Equity | % | 12% | 12% | 7% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 7 | 7 | 7 | 7 | 13 | 19 | 19 |
| Reserves | 29 | 31 | 34 | 41 | 47 | 85 | 92 |
| Borrowings | 55 | 54 | 78 | 82 | 73 | 62 | 75 |
| Other Liabilities | 48 | 51 | 63 | 60 | 62 | 74 | 85 |
| Total Liabilities | 138 | 142 | 182 | 189 | 195 | 241 | 271 |
| Fixed Assets | 74 | 71 | 69 | 78 | 76 | 85 | 107 |
| CWIP | 0 | 0 | 1 | 0 | 2 | 15 | 1 |
| Investments | 0 | 1 | 1 | 1 | 1 | 1 | 1 |
| Other Assets | 65 | 70 | 110 | 110 | 116 | 139 | 162 |
| Total Assets | 138 | 142 | 182 | 189 | 195 | 241 | 271 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 13 | 12 | -10 | 24 | 11 | 10 | 8 |
| Cash from Investing Activity | -3 | -4 | -6 | -18 | -5 | -27 | -14 |
| Cash from Financing Activity | -8 | -8 | 16 | -5 | -12 | 17 | 7 |
| Net Cash Flow | 2 | -0 | 0 | -0 | -5 | 0 | -0 |
| Free Cash Flow | 10 | 9 | -15 | 10 | 5 | -19 | -9 |
| CFO/OP | 131% | 82% | -69% | 122% | 63% | 55% | 56% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 52 | 64 | 54 | 47 | 73 | 81 | 78 |
| Inventory Days | 90 | 126 | 46 | 71 | 64 | 94 | 109 |
| Days Payable | 125 | 186 | 100 | 93 | 101 | 130 | 138 |
| Cash Conversion Cycle | 16 | 4 | -1 | 25 | 36 | 45 | 48 |
| Working Capital Days | -9 | -1 | 20 | 15 | 31 | 45 | 33 |
| ROCE % | 10% | 12% | 13% | 16% | 12% | 7% |
| Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Promoters | 69.99% | 69.99% | 69.99% | 69.99% | 69.99% | 70.03% | 70.08% | 70.13% |
| FIIs | 4.13% | 2.07% | 2.07% | 2.07% | 2.07% | 2.07% | 2.07% | 0.00% |
| DIIs | 2.61% | 2.03% | 1.42% | 1.42% | 1.42% | 1.42% | 1.42% | 0.69% |
| Public | 23.27% | 25.91% | 26.51% | 26.50% | 26.51% | 26.46% | 26.40% | 29.17% |
| No. of Shareholders | 1,159 | 1,110 | 1,074 | 1,037 | 1,024 | 993 | 987 | 952 |
Fundamentals
Market Cap₹ 44.2 Cr.
Current Price₹ 23.0
Stock P/E6.18
Book Value₹ 57.7
ROCE7.41 %
ROE6.67 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)12%
Compounded Profit Growth (TTM)-28%
Standalone figures.
Valuation
Market capRs 44 Cr
Enterprise valueRs 121 Cr
P/E (TTM)6.68x
Price to book0.94x
Price to sales0.14x
EV / EBITDA5.57x
EV / EBIT7.73x
EV / sales0.37x
Price to cash flow1.88x
Earnings yield14.96%
Profitability
Operating margin (excl. other income)5.85%
Operating margin (incl. other income)6.62%
EBITDA margin6.62%
Pre-tax margin1.82%
Net profit margin2.02%
ROE15.06%
ROCE12.60%
ROA3.57%
ROE, 3-year average9.40%
ROCE, 3-year average11.30%
ROA, 3-year average2.28%
ROIC (approx.)13.98%
Tax rate-10.72%
Other income / net worth5.29%
Growth
Sales growth (latest year)4.59%
Profit growth (latest year)101.83%
Sales CAGR, 3 years20.42%
Per share
EPS (TTM)Rs 3.44
EPS (latest year)Rs 101.07
EPS, 3-year averageRs 59.18
Book value per shareRs 24.56
Sales per shareRs 170.10
Cash flow per shareRs 12.23
Free cash flow per shareRs -4.68
Efficiency
Asset turnover1.73x
Fixed asset turnover4.20x
Inventory turnover5.76x
Inventory days63 days
Debtor days47 days
Debtors turnover7.69x
Creditor days138 days
Cash conversion cycle48 days
Working capital days33 days
Leverage
Total debtRs 82 Cr
Cash and bankRs 5 Cr
Net debtRs 76 Cr
Debt to equity1.73x
Net debt / EBITDA3.53x
Interest coverage1.62x
Owners' fund to total sources24.95%
Debt to assets43.20%
Cash flow
Cash from Operating Activity (latest year)Rs 24 Cr
Cash from Investing Activity (latest year)Rs -18 Cr
Cash from Financing Activity (latest year)Rs -5 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs -9 Cr
FCFE (approx.: FCF + change in debt)Rs -5 Cr
Cash from ops / profit, 5 years1.13x
Sales to cash flow13.91x
Statement figures
Net sales (TTM)Rs 327 Cr
Net sales (latest year)Rs 327 Cr
Operating profit excl. other income (latest year)Rs 19 Cr
Other income (TTM)Rs 2 Cr
EBITDA (TTM)Rs 22 Cr
PBDT (TTM)Rs 12 Cr
Profit before tax (TTM)Rs 6 Cr
Tax (latest year)Rs -1 Cr
Net profit (TTM)Rs 7 Cr
Net profit (latest year)Rs 7 Cr
Depreciation (TTM)Rs 6 Cr
Interest (TTM)Rs 10 Cr
Cost of goods sold (latest year)Rs 197 Cr
Total expenditure (latest year)Rs 308 Cr
Total income (latest year)Rs 330 Cr
Share capitalRs 7 Cr
ReservesRs 41 Cr
Shareholders' fundsRs 47 Cr
Total assetsRs 189 Cr
Net blockRs 78 Cr
InvestmentsRs 1 Cr
ReceivablesRs 43 Cr
InventoryRs 34 Cr
Other liabilitiesRs 60 Cr
Shares outstanding (crore)1.92
Ownership
Promoter holding70.13% (+0.14 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 6.7 is the lowest in its own 2.3-year history
(median 21.6, low 6.7, high 77.5).
P/B 0.94 is at the 4th percentile (median 1.73).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | 544214 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -11.5% | -2.8% | -8.7 pts |
| 1 month | -5.0% | -6.8% | +1.8 pts |
| 3 months | -13.2% | -7.6% | -5.6 pts |
Red flags
F-score 7 of 8| look | Inventory outrunning sales Inventory grew 67% vs sales +5% in 2026 |
| look | Profit leans on other income Other income was 42% of pre-tax profit in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Mar 2026Sales ₹154 Cr +9.2% vs Mar 2024.
Net profit ₹4 Cr -20.0%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| JK Paper Ltd | 7,096 | 21.7 | 7.39 % |
| West Coast Paper Mills Ltd | 4,641 | 20.2 | 6.17 % |
| Seshasayee Paper & Boards Ltd | 1,535 | 15.5 | 5.60 % |
| Andhra Paper Ltd | 1,427 | 51.7 | 0.04 % |
| N R Agarwal Industries Ltd | 1,125 | 17.0 | 8.49 % |
| Tamil Nadu Newsprint & Papers Ltd | 1,053 | 4.04 | 6.41 % |
| Pudumjee Paper Products Ltd | 898 | 9.86 | 18.1 % |
| Emami Paper Mills Ltd | 718 | 7.60 | 11.4 % |
| Satia Industries Ltd | 687 | 3.94 % | |
| Kuantum Papers Ltd | 671 | 18.6 | 5.24 % |
| Prabhatam Infra Venture Ltd | 614 | -97.1 % | |
| Shree Rama Newsprint Ltd | 464 | 0.93 % | |
| Pakka Ltd | 350 | 25.2 | 3.31 % |
| Orient Paper & Industries Ltd | 343 | -4.24 % | |
| Ruchira Papers Ltd | 313 | 9.39 | 11.1 % |
No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Three M Paper Boards Ltd?
Three M Paper Boards Ltd (544214) has a market capitalisation of Rs 44.2 Cr. at the 2026-10-01 close.
What is the P/E ratio of Three M Paper Boards Ltd?
Three M Paper Boards Ltd trades at a P/E of 6.18 on trailing twelve-month profit, at the 2026-10-01 close.
What were Three M Paper Boards Ltd's latest quarterly results?
In the Mar 2026 quarter, Three M Paper Boards Ltd sales was Rs 154 Cr (+9.2% vs Mar 2024) and net profit was Rs 4 Cr.