공시 • May 22
Three M Paper Boards Limited to Report Q4, 2026 Results on May 26, 2026 Three M Paper Boards Limited announced that they will report Q4, 2026 results on May 26, 2026 Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹22.00, the stock trades at a trailing P/E ratio of 5.8x. Average trailing P/E is 16x in the Packaging industry in India. Total loss to shareholders of 39% over the past year. Buy Or Sell Opportunity • Mar 25
Now 22% overvalued Over the last 90 days, the stock has fallen 46% to ₹19.68. The fair value is estimated to be ₹16.09, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.9% over the last year. Earnings per share has declined by 43%. Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹35.50, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 15x in the Packaging industry in India. Total loss to shareholders of 37% over the past year. Recent Insider Transactions • Jan 30
MD & Director recently bought ₹62k worth of stock On the 28th of January, Rushabh Shah bought around 2k shares on-market at roughly ₹30.99 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth ₹74k. Rushabh has been a buyer over the last 12 months, purchasing a net total of ₹280k worth in shares. Recent Insider Transactions • Dec 23
MD & Director recently bought ₹73k worth of stock On the 19th of December, Rushabh Shah bought around 2k shares on-market at roughly ₹36.50 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth ₹74k. Rushabh has been a buyer over the last 12 months, purchasing a net total of ₹218k worth in shares. Recent Insider Transactions • Dec 16
MD & Director recently bought ₹71k worth of stock On the 12th of December, Rushabh Shah bought around 2k shares on-market at roughly ₹35.28 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth ₹74k. Rushabh has been a buyer over the last 12 months, purchasing a net total of ₹145k worth in shares. Recent Insider Transactions • Nov 22
MD & Director recently bought ₹74k worth of stock On the 20th of November, Rushabh Shah bought around 2k shares on-market at roughly ₹37.00 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Rushabh's only on-market trade for the last 12 months. New Risk • Nov 16
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.6% Last year net profit margin: 4.1% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.7x net interest cover). Share price has been highly volatile over the past 3 months (9.8% average weekly change). Market cap is less than US$10m (₹750.3m market cap, or US$8.46m). Minor Risk Profit margins are more than 30% lower than last year (2.6% net profit margin). 공시 • Nov 09
Three M Paper Boards Limited to Report Q2, 2026 Results on Nov 14, 2025 Three M Paper Boards Limited announced that they will report Q2, 2026 results at 9:15 AM, Indian Standard Time on Nov 14, 2025 Valuation Update With 7 Day Price Move • Sep 25
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹36.10, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 19x in the Packaging industry in India. Total loss to shareholders of 41% over the past year. New Risk • Sep 11
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 16% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Market cap is less than US$10m (₹750.4m market cap, or US$8.50m). Minor Risk Share price has been volatile over the past 3 months (7.9% average weekly change). Reported Earnings • Sep 11
Full year 2025 earnings released: EPS: ₹5.19 (vs ₹8.36 in FY 2024) Full year 2025 results: EPS: ₹5.19 (down from ₹8.36 in FY 2024). Revenue: ₹2.66b (down 2.5% from FY 2024). Net income: ₹99.9m (down 11% from FY 2024). Profit margin: 3.8% (down from 4.1% in FY 2024). The decrease in margin was driven by lower revenue. 공시 • Sep 05
Three M Paper Boards Limited, Annual General Meeting, Sep 29, 2025 Three M Paper Boards Limited, Annual General Meeting, Sep 29, 2025, at 15:00 Indian Standard Time. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹40.38, the stock trades at a trailing P/E ratio of 7.8x. Average trailing P/E is 19x in the Packaging industry in India. Total loss to shareholders of 39% over the past year. New Risk • Jul 28
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹834.1m (US$9.63m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (23% accrual ratio). Market cap is less than US$10m (₹834.1m market cap, or US$9.63m). Minor Risk Share price has been volatile over the past 3 months (6.9% average weekly change). Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹45.42, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 24x in the Packaging industry in India. Reported Earnings • May 28
Full year 2025 earnings released: EPS: ₹5.19 (vs ₹8.53 in FY 2024) Full year 2025 results: EPS: ₹5.19 (down from ₹8.53 in FY 2024). Revenue: ₹2.69b (down 1.4% from FY 2024). Net income: ₹99.9m (down 11% from FY 2024). Profit margin: 3.7% (down from 4.1% in FY 2024). 공시 • May 22
Three M Paper Boards Limited to Report Second Half, 2025 Results on May 26, 2025 Three M Paper Boards Limited announced that they will report second half, 2025 results on May 26, 2025 Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹32.96, the stock trades at a trailing P/E ratio of 5.8x. Average trailing P/E is 20x in the Packaging industry in India. New Risk • Feb 28
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹807.0m (US$9.23m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (20% accrual ratio). Market cap is less than US$10m (₹807.0m market cap, or US$9.23m). Minor Risk Share price has been volatile over the past 3 months (8.6% average weekly change). Valuation Update With 7 Day Price Move • Feb 28
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to ₹41.95, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 20x in the Packaging industry in India. Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹57.85, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 25x in the Packaging industry in India. New Risk • Jan 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (20% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Market cap is less than US$100m (₹1.08b market cap, or US$12.5m). Valuation Update With 7 Day Price Move • Dec 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹57.88, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 29x in the Packaging industry in India. New Risk • Nov 15
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 20% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (20% accrual ratio). Market cap is less than US$10m (₹782.6m market cap, or US$9.27m). Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹40.68, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 25x in the Packaging industry in India. New Risk • Nov 13
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹784.9m (US$9.30m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Market cap is less than US$10m (₹784.9m market cap, or US$9.30m). 공시 • Nov 08
Three M Paper Boards Limited to Report First Half, 2025 Results on Nov 13, 2024 Three M Paper Boards Limited announced that they will report first half, 2025 results on Nov 13, 2024 공시 • Oct 06
Three M Paper Boards Limited Approves the Appointment of Mittal Mehta as the Company Secretary and Compliance Officer Three M Paper Boards Limited approved the appointment as Mrs. Mittal Mehta as the Company Secretary and Compliance Officer, at the board of directors meeting held on October 04, 2024. Mrs. Mittal Mehta is associate member of Institute of Company Secretary of India. She has over 4 years of experience in field of Secretarial Compliance and Company Secretary work. 공시 • Sep 26
Three M Paper Boards Limited Announces Resignation of Sneha Shah as Company Secretary & Compliance Officer Three M Paper Boards Limited informed that Mrs. Sneha Shah, Company Secretary & Compliance Officer of the Company has resigned vide her letter dated September 23, 2024, and her resignation, was accepted with immediate effect. Her last working day is i.e. September 23, 2024. Sneha Shah step down due to my personal reason. 공시 • Sep 14
Three M Paper Boards Limited, Annual General Meeting, Sep 30, 2024 Three M Paper Boards Limited, Annual General Meeting, Sep 30, 2024, at 15:00 Indian Standard Time. Board Change • Jul 22
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. MD & Director Rushabh Shah is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.