Assembled from the company's filings and exchange data as of today. Download PDF renders this page on the server; the narrative sections arrive with the Nexa composer.
Dossier · THREE M PAPER BOARDS LIMITED · 28 October 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
THREE M PAPER BOARDS LIMITED BSE: 544214
Commodities › Forest Materials › Paper, Forest & Jute Products › Paper & Paper Products
THREE M PAPER BOARDS LIMITED
StateQ4 FY26 filed
Last close · 23 Oct 2026₹20.73
Market cap₹0.0k cr
TTM P/E · P/B · EV/EBITDA2.6 · 0.36 · —
Makes paper and paper products within India's listed Paper & Paper Products industry. FY26 revenue was Rs 297.19 crore, with a net profit of Rs 7.17 crore on total assets of Rs 271.49 crore. Materials — typically pulp and waste paper — are the dominant cost at 60.8% of revenue, followed by other operating expenses at 26.6%, employees at 5.5%, and depreciation at 2.7%. EBITDA margin was 7.1% in FY26. The filings provided cover only SEBI ownership-disclosure announcements by promoters; no segment-level or product-level breakdown is available in the fact pack. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Paper & Paper Products. Asset-heavy paper manufacturing
What a broker report prints here — the analyst's thesis. This dossier prints the filed record instead; the narrative read of the latest results, the guidance ledger and the earnings-call summary are the composer's sections (INSTITUTIONAL-PLAN.md M3) and are not yet produced.
Exhibit 1: Financial summary, FY25–FY26 (all audited; no estimate years)
₹ crore · standalone
FY25
FY26
Revenue
266
297
EBITDA (ex other income)
—
18
margin %
—
6.0
Owners' profit
—
7
EPS, as reported (₹)
5.19
7.46
ROE % · ROCE %
— · 13.5
6.5 · 9.4
Debt / equity (x)
—
0.68
Cash from operations
10
8
Capex
(29)
(17)
Source: SEBI results XBRL as filed with BSE/NSE; EBITDA excludes other income.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · THREE M PAPER BOARDS LIMITED · 28 October 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 4 quarters
₹ crore
Q2 FY25
Q4 FY25
Q2 FY26
Q4 FY26
Revenue
0
140
143
154
Profit before tax
0
8
2
4
Net profit
0
—
3
4
EPS (₹)
0.00
2.24
1.58
4.28
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
Exhibit 3: Peers — basic industry group, by market cap
Company
M.cap ₹ cr
P/E
P/B
EV/EBITDA
ROE %
ROCE %
Rev CAGR 5y %
EBITDA m. %
JK PAPER LIMITED
6,948
21.0
1.20
9.5
4.7
4.4
20.8
17.0
WEST COAST PAPER MILLS LT
5,368
23.4
1.28
10.7
3.7
5.0
13.8
23.6
ANDHRA PAPER LIMITED
1,295
46.8
0.67
—
1.0
1.2
—
17.9
SESHASAYEE PAPER & BOARDS
1,156
11.7
0.57
7.9
4.0
4.1
16.9
11.3
N R AGARWAL INDS LTD
1,144
18.4
1.40
—
5.4
3.9
—
12.4
TAMILNADU NEWSPRT & PAPER
890
3.4
0.38
—
10.7
1.4
—
11.2
PUDUMJEE PAPER PRO. LTD
810
8.9
1.21
—
14.0
16.2
—
25.2
EMAMI PAPER MILLS LIMITED
690
7.3
1.20
—
10.7
8.1
—
14.8
Source: exchange data and filed statements via the screener; multiples at current prices.
Exhibit 4: Where the company sits in its group
Metric
Company
Group median
Rank
Better than
P/E (TTM)
2.6
13.6
3 of 36
94%
P/B
0.4
0.7
7 of 36
83%
ROCE
4.7
4.4
20 of 45
57%
ROE
6.5
4.0
11 of 37
72%
Debt / Equity
0.7
0.4
25 of 37
33%
EBITDA margin
6.6
10.4
25 of 38
35%
Market cap
40
56
28 of 48
43%
Source: MarketPing peer ranks; a rank is a measurement, not a view.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · THREE M PAPER BOARDS LIMITED · 28 October 2026Page 3 of 3
Exhibit 5: Filings of the last 90 days, with the measured price reaction
Date · filing
Category
Importance
Next day %
5-day %
16 Oct 2026 · Compliance certificate confirms no share rematerialisation requests in Q2 FY27
compliance
minimal
—
—
1 Oct 2026 · Three M Paper Boards: All 3 AGM resolutions passed with over 99.9 percent approval
board shareholder meetings
medium
—
—
29 Sept 2026 · 37th AGM held on Sep 29, 2026; 3 ordinary resolutions passed
board shareholder meetings
low
—
—
21 Sept 2026 · Promoter buys 2000 shares of Three M Paper Boards
ownership changes
high
—
—
21 Sept 2026 · Promoter Hitendra Shah acquires 2,000 shares via market purchase on BSE
ownership changes
medium
—
—
8 Sept 2026 · Newspaper publication of 37th AGM notice
compliance
minimal
—
—
7 Sept 2026 · FY 2025-26 Annual Report filed; 37th AGM set for Sep 29, 2026
1 Sept 2026 · Board meeting on Sept 5 for annual report, AGM notice and director re-appointment
board shareholder meetings
low
—
—
20 Aug 2026 · Promoter Rushabh Shah buys 2,000 shares via open market
ownership changes
medium
—
—
Source: exchange announcements; each reaction is measured from the close before the filing. Next day = the close one session after the reaction day (the first session that could trade the filing).
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Estimate years marked E
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Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
