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Three M Paper Boards (BSE 544214)₹22.01−4.30%Paper & Paper Products
In the Mar 2026 quarter (standalone), Three M Paper Boards reported sales of ₹154 Cr, up 9.9% from Mar 2025, and net profit of ₹3.99 Cr, up 0.0% year on year. For the year to Mar 2026, sales were ₹298 Cr and net profit ₹6.99 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Sales | 132 | 142 | 126 | 141 | 144 | 154 |
| Expenses | 120 | 129 | 117 | 127 | 135 | 145 |
| Operating Profit | 10.96 | 11.95 | 8.97 | 11.96 | 8.96 | 8.97 |
| OPM % | 8.0% | 9.0% | 7.0% | 9.0% | 6.0% | 6.0% |
| Other Income | 1.01 | 3.01 | 1.01 | 2.01 | 2.01 | 1.01 |
| Interest | 4.01 | 4.02 | 3.01 | 3.01 | 3.01 | 3.01 |
| Depreciation | 2.99 | 2.99 | 2.99 | 3.99 | 5.99 | 1.99 |
| Profit before tax | 5.01 | 8.02 | 5.01 | 8.02 | 2.01 | 4.01 |
| Tax % | −32.0% | 38.0% | −25.0% | 43.0% | −42.0% | 4.0% |
| Net Profit | 5.99 | 4.99 | 5.99 | 3.99 | 2.99 | 3.99 |
| EPS (Rs) | 91.97 | 3.90 | 2.96 | 2.26 | 1.59 | 2.16 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales | 188 | 165 | 314 | 328 | 273 | 267 | 298 |
| Expenses | 177 | 151 | 298 | 308 | 249 | 244 | 279 |
| Operating Profit | 10.95 | 13.95 | 14.94 | 18.93 | 22.90 | 21.93 | 17.94 |
| OPM % | 6.0% | 9.0% | 4.7% | 6.0% | 9.0% | 8.0% | 6.0% |
| Other Income | 0.99 | 0.00 | 3.01 | 2.01 | 4.01 | 3.01 | 3.01 |
| Interest | 7.03 | 7.02 | 7.02 | 10.04 | 7.03 | 6.02 | 7.02 |
| Depreciation | 5.99 | 5.99 | 5.99 | 5.99 | 6.99 | 6.99 | 7.98 |
| Profit before tax | −1.01 | 2.01 | 5.01 | 6.01 | 13.03 | 12.04 | 6.01 |
| Tax % | 188.0% | 26.0% | 29.0% | −11.0% | 13.0% | 17.0% | −11.0% |
| Exceptional items | 0.00 | −0.02 | −0.16 | 0.00 | −0.06 | 0.00 | 0.00 |
| Net Profit | −2.99 | 1.99 | 2.99 | 6.99 | 10.99 | 9.99 | 6.99 |
| EPS (Rs) | −46.60 | 26.45 | 50.13 | 101.16 | 8.37 | 5.20 | 3.74 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 7.01 | 7.01 | 7.01 | 7.01 | 13.02 | 19.03 | 19.02 |
| Reserves | 28.96 | 30.95 | 33.97 | 40.94 | 46.91 | 84.83 | 91.77 |
| Borrowings | 54.83 | 53.79 | 77.75 | 81.73 | 72.71 | 61.82 | 74.71 |
| Other Liabilities | 48.23 | 51.24 | 63.30 | 60.29 | 62.25 | 74.35 | 85.39 |
| Total Liabilities | 138 | 142 | 182 | 189 | 195 | 241 | 271 |
| Fixed Assets | 74.09 | 71.05 | 69.09 | 78.04 | 76.04 | 85.15 | 107 |
| CWIP | 0.00 | 0.00 | 1.01 | 0.00 | 2.01 | 15.02 | 1.01 |
| Investments | 0.00 | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 |
| Other Assets | 64.94 | 69.93 | 110 | 110 | 116 | 139 | 162 |
| Inventories | 26.97 | 26.96 | 19.96 | 33.95 | 28.97 | 42.92 | 52.88 |
| Trade receivables | 26.07 | 29.05 | 46.08 | 43.12 | 54.12 | 59.13 | 63.18 |
| Cash & equivalents | 0.00 | 0.00 | 1.01 | 5.02 | 0.00 | 0.00 | 0.00 |
| 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 | 13.04 | 12.05 | −10.03 | 24.09 | 11.04 | 10.03 | 8.03 |
| Cash from investing activity | −2.99 | −3.99 | −5.99 | −17.96 | −4.99 | −26.96 | −13.97 |
| Cash from financing activity | −8.02 | −8.02 | 16.05 | −5.01 | −12.02 | 17.03 | 7.02 |
| Net cash flow | 1.99 | 0.00 | 0.00 | 0.00 | −4.98 | 0.00 | 0.00 |
| Capex | 2.82 | 2.51 | 3.94 | 14.93 | 7.14 | 28.85 | 16.64 |
| Free cash flow | 9.96 | 8.96 | −14.95 | 9.96 | 4.98 | −18.93 | −8.96 |
| CFO / OP % | 131.0% | 82.0% | −69.0% | 122.0% | 63.0% | 55.0% | 56.1% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor days | 53 | 65 | 55 | 48 | 74 | 82 | 79 |
| Inventory days | 89 | 125 | 45 | 70 | 63 | 93 | 105 |
| Days payable | 124 | 185 | 99 | 92 | 100 | 129 | 134 |
| Cash conversion cycle | 16 | 4 | −1 | 25 | 36 | 45 | 49 |
| Working capital days | −8 | 0 | 21 | 16 | 32 | 46 | 34 |
| ROCE % | — | 10.0% | 12.1% | 13.0% | 16.0% | 12.0% | 7.0% |
For the Mar 2026 quarter, Three M Paper Boards reported sales of ₹154 Cr, up 9.9% year on year and net profit of ₹3.99 Cr, up 0.0% year on year. The operating margin was 6.0%.
Three M Paper Boards' sales for the year to Mar 2026 were ₹298 Cr.
Net profit for the year to Mar 2026 was ₹6.99 Cr. Earnings per share over the same trailing period were ₹3.74.
Three M Paper Boards reported borrowings of ₹74.71 Cr at Mar 2026, against cash and equivalents of ₹0 Cr.
Cash from operations was ₹8.03 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹8.96 Cr.