Scripscan:Malu Paper Mills Ltd
cmp:12
Code:516030
Story:Malu Paper Mills Limited manufactures and sells paper and newsprint in India. It manufactures machine glazed kraft paper that is used by corrugators for making corrugated boxes. The company also offers newsprints for newspaper publishers, as well as for publishing telephone directories and lotteries. In addition, it has interests in coal and lignite trading; manufacturing and trading MS electrodes; manganese processing and exporting; and manufacturing and trading MS ingots and castings. The company was formerly known as Malu Solvex Limited and changed its name to Malu Paper Mills Limited in April 1998.The company achieved 173crs of sales with a loss of 3crs in fy11.Equity stands at 17cr thereby providing a negative EPS of 1.6rs.At 12rs its quoting at 5 times its expected fy14 earnings which is still expensive when we compare the valuations with bigger and better players.Paper sector is a pretty boring sector to be in.One shouldn't expect sectorial deals like that of AP paper to happen daily.That was once in a blue moon stuff.Thus exit malu papers at higher levels and move on to something better.
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