Malu Paper Mills dropped 1.46% to Rs 27 at 11:44 IST on BSE even as the company said it has signed memorandum of understanding with government of Maharashtra for setting up a mega expansion project.
The company made this announcement during trading hours today,
The stock hit a high of Rs 27.45 and a low of Rs 26 so far during the day. The stock had a 52-week high of Rs 73.85 on
The company’s current equity is Rs 102.0 crore. Face value per share is Rs 10.
The current price of Rs 27 discounts its Q3 December 2007 annualized EPS of Rs 2.04, by a PE multiple of 13.24.
Malu Paper Mills’ net profit rose 1.2% to Rs 0.87 crore on 7% growth in net sales to Rs 14.32 crore in Q3 December 2007 over Q3 December 2006.
The project comprises of installation of two machines viz. a newsprint paper machine of 49,500 metric tonnes per annum (MTPA) capacity along with six megawatt (MW) captive power plant and a writing & printing paper machine of 82,500 MTPA along with 15 MW captive power plant.
The company is engaged in manufacture and sale of paper. The paper is available in different quality namely, newsprint paper, kraftpaper. The paper manufacturing plants are located at Borujwada village in
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