Malu Paper Mills Limited (MALUPAPER) fair value: what the stock is really worth
As of Oct 30, 2026: fair value (intrinsic value) of Malu Paper Mills Limited stock ₹47.84, price ₹31.30, upside +52.8%, quality 44 out of 100. Rating: strongly undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Malu Paper Mills Limited manufactures and sells paper in India. The company offers newsprint, writing and printing, kraft, and packaging paper. It also exports its products to Europe, Asia, Africa, China, and Central and South America.
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The company was formerly known as Malu Solvex Limited and changed its name to Malu Paper Mills Limited in April 1998. Malu Paper Mills Limited was incorporated in 1994 and is based in Nagpur, India.
Stock analysis
Malu Paper Mills Limited (MALUPAPER) currently trades at ₹31.30, while our model-based Fair Value estimate is ₹47.84, implying the stock looks roughly 34.6% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of ₹83.34 per share, and 4 of the 4 models we run sit above the ₹31.30 price.
Bear case: the DCF Models group reads lowest at ₹47.84, and 0 of the 4 models stay below the price. Data coverage for this calculation is low.
Scenario range: ₹36.13 (bear) to ₹62.69 (bull), the price of ₹31.30 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 44/100 (below-average quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Malu Paper Mills Limited reported revenue of ₹3.3B in FY2026 versus ₹2.1B in FY2022, a compound +12.0%/yr. Reported net income was −₹195M in FY2026.
Key figures
Market cap ₹534M (≈ $5.6M) Micro · P/S ratio 0.18 · EPS (TTM) ₹−10.68 · Net margin −6.0% · Return on equity −2,255% · Return on assets (EBIT) −1.4% · Operating margin −8.0% · Revenue (TTM) ₹3.1B.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 10 out of 100 (low confidence).
What moves the price
The share trades about 25% below its 52-week high and 14% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 34% fair-value upside, at 53%, MALUPAPER screens cheaper than that median.
Fair Value models
Bear₹36.13Fair Value ₹47.84Bull₹62.69
Price ₹31.30 · Upside +52.8%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+19.9%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+12.5%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+14.5%
Start year 2021 (pandemic)
Revenue growth 7 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+2.8%
’19
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
0.4% (2021) → −3.5% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+60.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about +53.9% a year for the price.
Compare Malu Paper Mills Limited with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Paper & Paper Products · 120 stocks
Beats the industry median on 2/8 measures
Overall it trails its industry peers.
Valuation
Quality Score44 · Below median
Fair Value upside+52.8% · Top 25%
Profitability
Return on equity (12 months)Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Return on assets−10.8% · Bottom 25%
Net margin (12 months)−6.0% · Bottom 25%
Operating margin (12 months)−8.0% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−12.8% · Bottom 25%
Balance sheet
Debt / equityNegative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Valuation Multiplesvs Paper & Paper Products median · lower = cheaper
P/BNegative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
P/S (12 months)0.17× · Cheapest 25%
Price / free cash flow41.7× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)100· sector 32
FUTURE (revenue growth)0· sector 28
PAST (return on equity)0· sector 14
HEALTH (low debt)0· sector 91
DIVIDEND (yield)0· sector 38
PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Malu Paper Mills Limited Fair Value". https://www.fairvalue-calculator.com/stock/MALUPAPER
Frequently asked questions
Is Malu Paper Mills Limited (MALUPAPER) overvalued or undervalued?
As of Oct 28, 2026, our model estimates a fair value of ₹47.84 versus a price of ₹31.30, about +53% upside (undervalued).
What is the fair value of MALUPAPER?
Our model-based fair value for Malu Paper Mills Limited is ₹47.84 (as of Oct 28, 2026), built from audited fundamentals. The current price: ₹31.30.
What is the quality score of MALUPAPER?
Malu Paper Mills Limited has a Quality Score of 44/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Malu Paper Mills Limited (MALUPAPER)?
Our model-based price target is the fair value of ₹47.84 (as of Oct 28, 2026) from 4 valuation models. Cautious scenario ₹36.13, optimistic scenario ₹62.69. It is a calculation from audited fundamentals, not an analyst target.
What is the Malu Paper Mills Limited stock forecast for 2026?
Our models put fair value at ₹47.84, about +53% upside versus a price of ₹31.30 (undervalued). Cautious scenario ₹36.13, optimistic scenario ₹62.69. The calculation is refreshed regularly with new filings.
What is the revenue of Malu Paper Mills Limited (MALUPAPER)?
Malu Paper Mills Limited reported trailing-twelve-month revenue of about ₹3.1B (latest available figure, as of Oct 28, 2026).
What growth is priced into Malu Paper Mills Limited (MALUPAPER)?
For today's price to be fair in a discounted-cash-flow model, Malu Paper Mills Limited would have to grow free cash flow by +60.2 % per year for five years (discount rate 12.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +14.5 % per year. As of Oct 28, 2026.
What discount rate (WACC) does the fair value of MALUPAPER use?
Our models discount Malu Paper Mills Limited at 12.4 %: a base by market capitalisation (nano), country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Malu Paper Mills Limited that is +60.2 % per year a year over ten years, using the same discount rate (12.4 %) and the same formula as our fair value.
How much growth has Malu Paper Mills Limited (MALUPAPER) delivered so far?
Over the past 5 years revenue at Malu Paper Mills Limited grew +14.5 % a year. The price currently implies +60.2 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Malu Paper Mills Limited (MALUPAPER) growing?
The median revenue growth in the sector is +9.6 % a year. That is the yardstick for the growth priced into Malu Paper Mills Limited (+60.2 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Malu Paper Mills Limited (MALUPAPER)?
The free-cash-flow yield on the price is 2.40 %: that much free cash flow Malu Paper Mills Limited produces per unit of market value. When it exceeds the discount rate of our models (12.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Malu Paper Mills Limited (MALUPAPER)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Malu Paper Mills Limited it is ₹47.84 per share (as of Oct 28, 2026), against a price of ₹31.30. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is Malu Paper Mills Limited stock overvalued or undervalued in 2026?
As of Oct 28, 2026, MALUPAPER trades below its calculated fair value: price ₹31.30, fair value ₹47.84, a gap of about +53% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of MALUPAPER?
No. The price is what the market pays today (₹31.30); the fair value is what the company's own numbers justify (₹47.84). For Malu Paper Mills Limited the two are ₹16.54 per share apart. That gap is exactly why we show both numbers side by side.
How much is Malu Paper Mills Limited worth?
The market values Malu Paper Mills Limited at about ₹534M (market capitalisation, as of Oct 28, 2026). Per share that is ₹31.30; our models calculate a fair value of ₹47.84 per share.
What do the bullish and bearish scenarios say about MALUPAPER?
Our models span a range for Malu Paper Mills Limited: cautious scenario ₹36.13, base ₹47.84, optimistic ₹62.69 per share (as of Oct 28, 2026, price ₹31.30). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Malu Paper Mills Limited (MALUPAPER)?
Balance-sheet figures for Malu Paper Mills Limited (as of Oct 28, 2026): negative equity, so no return on equity and no debt-to-equity ratio. They feed the Quality Score of 44/100, which measures business quality independently of the share price.
How far is MALUPAPER from its 52-week high?
Malu Paper Mills Limited trades at ₹31.30, about 25% below its 52-week high of ₹41.68 and 14% above the low of ₹27.37 (as of Oct 30, 2026). Distance from the high says nothing about value: that is what the fair value of ₹47.84 is for.
Which stocks are comparable to Malu Paper Mills Limited?
From the same area (Basic Materials) we also value UPM-Kymmene Oyj, Suzano S.A, Shandong Sunpaper Co, Empresas CMPC S.A, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Malu Paper Mills Limited stock attractive at the current price?
The data as of Oct 28, 2026: price ₹31.30, calculated fair value ₹47.84 (+53%), Quality Score 44/100, from 4 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of MALUPAPER calculated?
We run Malu Paper Mills Limited through 4 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹47.84, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.4 % above its aggregate fair value. Malu Paper Mills Limited currently trades 35 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Malu Paper Mills Limited (MALUPAPER)?
The closing price on Oct 30, 2026 was ₹31.30. Our model-based fair value is ₹47.84, about +53% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Malu Paper Mills Limited right now?
The large discount to fair value meets weak quality (44/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (₹36.13). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Malu Paper Mills Limited
How large is the market capitalisation of Malu Paper Mills Limited (MALUPAPER)?
The market capitalisation of Malu Paper Mills Limited is ₹534M (≈ $5.6M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Malu Paper Mills Limited (MALUPAPER)?
The price-to-sales ratio of Malu Paper Mills Limited is 0.18 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Malu Paper Mills Limited (MALUPAPER)?
Earnings per share at Malu Paper Mills Limited are ₹−10.68. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Malu Paper Mills Limited (MALUPAPER)?
The net margin of Malu Paper Mills Limited is −6.0% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Malu Paper Mills Limited (MALUPAPER)?
The return on equity (ROE) of Malu Paper Mills Limited is −2,255% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Malu Paper Mills Limited (MALUPAPER)?
On an EBIT basis the return on assets of Malu Paper Mills Limited is −1.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Malu Paper Mills Limited (MALUPAPER)?
The operating margin of Malu Paper Mills Limited is −8.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Malu Paper Mills Limited (MALUPAPER)?
Revenue at Malu Paper Mills Limited is growing −12.8% versus a year earlier (3y avg +12.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Malu Paper Mills Limited (MALUPAPER)?
Earnings per share at Malu Paper Mills Limited are growing +45.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Malu Paper Mills Limited (MALUPAPER) carry?
The net debt of Malu Paper Mills Limited is ₹1.5B (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Oct 28, 2026