Three M Paper Boards Ltd - Stock Valuation and Financial Performance

BSE: 544214 | NSE: | Paper & Paper Products | Small Cap

Three M Paper Boards Share Price

51.12 1.12 2.24%
as on 09-Dec'24 16:59

DeciZen - make an informed investing decision on Three M Paper Boards

M-Cap below 100cr DeciZen not available

Three M Paper Boards stock performance -

mw4me loader
P/E Ratio (SA):
8.48
Market Cap:
96.2 Cr.
52-wk low:
38
52-wk high:
82.7

Is Three M Paper Boards Ltd an attractive stock to invest in?

1. Is Three M Paper Boards Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Three M Paper Boards Ltd is a below average quality company.

2. Is Three M Paper Boards Ltd undervalued or overvalued?

The key valuation ratios of Three M Paper Boards Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

3. Is Three M Paper Boards Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Three M Paper Boards Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Three M Paper Boards:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Three M Paper Boards Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 0%0%0%0%9.9%11.4%12.6%15.6%-
Value Creation
Index
NANANANA-0.3-0.2-0.10.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 0000165313327272272
Sales YoY Gr.-NANANANA89.5%4.6%-16.8%-
Adj EPS 00001.2147.75.9
YoY Gr.-NANANANA-11.1%282.7%94%-
BVPS (₹) 000028.53136.145.452.5
Adj Net
Profit
00001.51.45.210.411
Cash Flow from Ops. 000011.9-10.323.513.9-
Debt/CF from Ops. 00004.5-7.63.55.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANA18.1%-16.8%
Adj EPS NANA87.6%94%
BVPSNANA16.8%25.8%
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
00004.13.511.919.212.1
Op. Profit
Mgn %
00008.54.65.98.6NAN
Net Profit
Mgn %
00000.90.41.63.84.2
Debt to
Equity
00001.41.91.71.2-
Working Cap
Days
000001041191480
Cash Conv.
Cycle
000002227410

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 12.10%

Sales growth is growing at healthy rate in last 3 years 18.14%

Net Profit is growing at healthy rate in last 3 years 87.56%

Debt to equity has declined versus last 3 years average to 1.19

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Three M Paper Boards Ltd.

Standalone Consolidated
TTM EPS (₹) 5.9 -
TTM Sales (₹ Cr.) 272 -
BVPS (₹.) 52.5 -
Reserves (₹ Cr.) 82 -
P/BV 0.95 -
PE 8.48 -
From the Market
52 Week Low / High (₹) 38.00 / 82.70
All Time Low / High (₹) 38.00 / 82.70
Market Cap (₹ Cr.) 96.2
Equity (₹ Cr.) 19.2
Face Value (₹) 10
Industry PE 12

Management X-Ray of Three M Paper Boards:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

Login/Register to view analysis.

Analyst's Notes

Key Ratios of Three M Paper Boards

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24
Sales165.09312.90327.25272.23
Operating Expenses 151.01298.46308.09248.95
Manufacturing Costs44.4678.4089.8769.84
Material Costs77.33164.02176.66144.17
Employee Cost 9.0916.0214.3614.01
Other Costs 20.1340.0227.2020.93
Operating Profit 14.0814.4419.1723.29
Operating Profit Margin (%) 8.5%4.6%5.9%8.6%
Other Income 0.473.102.503.78
Interest 6.667.339.647.46
Depreciation 5.565.636.056.62
Exceptional Items 0000
Profit Before Tax 2.344.595.9812.99
Tax 0.611.32-0.641.64
Profit After Tax 1.733.286.6211.35
PAT Margin (%) 1.0%1.0%2.0%4.2%
Adjusted EPS (₹)1.32.55.18.4
Dividend Payout Ratio (%)0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 37.3740.6447.2661.10
Share Capital 6.556.556.5513.47
Reserves 30.8234.0940.7147.64
Minority Interest0000
Debt48.8769.9775.0765.95
Long Term Debt27.1740.6343.5233.97
Short Term Debt21.7029.3431.5531.98
Trade Payables39.4145.1444.9846.82
Others Liabilities 16.6125.7522.1221.32
Total Liabilities 142.26181.50189.43195.20

Fixed Assets

Gross Block130.69134.31149.23154.53
Accumulated Depreciation59.9165.2371.2778.30
Net Fixed Assets70.7869.0877.9676.23
CWIP 0101.83
Investments 1.221.151.251.22
Inventories26.7020.4834.1729.39
Trade Receivables28.9046.1142.5654.20
Cash Equivalents 0.261.305.430.13
Others Assets14.3942.3928.0632.20
Total Assets 142.26181.50189.43195.20

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 11.93-10.3223.5313.94
PBT 2.344.595.9812.99
Adjustment 15.0511.3613.6210.74
Changes in Working Capital -5.73-26.143.7-7.62
Tax Paid 0.28-0.140.23-2.17
Cash Flow From Investing Activity -3.82-5.66-18.260.21
Capex -2.50-3.93-14.92-4.89
Net Investments -1.39-0.79-4.405.35
Others 0.06-0.941.06-0.26
Cash Flow From Financing Activity -8.1416.16-5.45-14.15
Net Proceeds from Shares 0002.50
Net Proceeds from Borrowing 0000
Interest Paid -6.66-7.33-9.64-7.46
Dividend Paid 0000
Others -1.4923.494.19-9.18
Net Cash Flow -0.040.18-0.180
PARTICULARSMar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)4.628.415.0520.94
ROCE (%)9.911.3812.6115.56
Asset Turnover Ratio1.161.931.761.42
PAT to CFO Conversion(x)6.9-3.153.551.23
Working Capital Days
Receivable Days64444965
Inventory Days59283043
Payable Days1869493116

Three M Paper Boards Ltd Stock News

Three M Paper Boards Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Three M Paper Boards on 09-Dec-2024 16:59 is ₹51.12.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 09-Dec-2024 16:59 the market cap of Three M Paper Boards stood at ₹96.19.
The latest P/E ratio of Three M Paper Boards as of 09-Dec-2024 16:59 is 8.48.
The latest P/B ratio of Three M Paper Boards as of 09-Dec-2024 16:59 is 0.95.
The 52-week high of Three M Paper Boards is ₹82.70 and the 52-week low is ₹38.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Three M Paper Boards is ₹272.2 ( Cr.) .

About Three M Paper Boards Ltd

Three M Paper Boards Limited was incorporated as ‘Three-M-Paper Manufacturing Company Private Limited’ at Mumbai as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated July 26, 1989, issued by the RoC. Pursuant to conversion of the company from private to public, under section 43A(1A) of the Companies Act 1956, the name of the Company was changed from ‘Three-M-Paper Manufacturing Company Private Limited’ to ‘Three-M-Paper Manufacturing Company Limited’ by deleting the word Private, and a fresh certificate of incorporation consequent to change of name was issued on July 01, 1998. 

Pursuant to reconversion of the company from public to private, the name of the Company was changed from ‘Three-M-Paper Manufacturing Company Limited’ to ‘Three-M-Paper Manufacturing Company Private Limited’ and a fresh certificate of incorporation consequent to change of name was issued on October 05, 1999. Subsequently, the name of the company was changed from ‘Three-M-Paper Manufacturing Company Private Limited’ to ‘Three M Paper Boards Private Limited’ and a fresh certificate of incorporation issued by RoC recording the change in name was issued on January 11, 2024. Subsequently, the company was converted to a public limited company and the name of the company changed to ‘Three M Paper Boards Limited’ and a fresh certificate of incorporation dated January 29, 2024 was issued by the RoC.

The company is engaged in the business of manufacturing recycled paper-based Duplex Board products used in various packaging applications across industries such as food and beverage, pharmaceuticals, cosmetics, and consumer goods and supplies its high-quality duplex board paper products in both the domestic and international markets. Its products are made out of 100 percent recycled waste paper and are completely biodegradable. The company sets out to undertake various innovations in both the product-development side as well as in manufacturing processes on a consistent basis. 

Its product portfolio includes a diverse range of coated boards tailored to meet the specific needs and preferences of its customers. From lightweight folding carton boards to heavy-duty packaging boards, it offers a comprehensive selection of grades, coatings, and finishes to enhance printability, durability, and shelf appeal. Moreover, the portfolio reflects the company's commitment to sustainability, as evidenced by its FSCR certification, ensuring responsible forest management practices. Technological upgrades and a flexible manufacturing facility enable the production of a diverse range of products aligned with market demand. Supported by a strong Pan-India distribution network and numerous dealers, the company maintains a significant market presence, enhancing accessibility nationwide.

Business area of the company

The company is engaged in the business of manufacturing recycled paper in India and the manufacturers of grey back and white back Duplex. The company is also engaged in the activity of generation of Wind Energy.

History and milestones

  • 1989: Incorporation of the company and Commencement of commercial Production. 
  • 2012: Achieved turnover of more than Rs 100 crore. 
  • 2016: Received permission from Commissioner of Customs, NS-III, for DPD i.e., availing Direct Port Delivery facility at Nhava Sheva Port. 
  • 2021: Received ‘Authorised Economic Operator - T1 Certificate’ from Central Board of Indirect Taxes and Customs, Ministry of Finance, Government of India.
  • 2023: Received ‘Responsible Resource Certification’ from FSC (Forest Stewardship Council) as company complies with FSC requirements of chain of custody in respect of purchasing of paper materials, production and sales of paper products (FSC Recycled), transfer system.
  • 2023: Received ISO Certification for 9001:2015 - Quality Management System. 
  • 2023: Received ISO Certification for 14001:2015 - Environmental Management System.
  • 2023: Received ISO Certification for 45001:2018 - Occupational Health and Safety Management System.

Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.