PNN
Mumbai (Maharashtra) [India], January 13: M Three Paper Boards Ltd, is a Mumbai based company engaged in the business of manufacturing Recycled Paper-based Coated Duplex Board. Company is providing essential packaging solutions for various sectors such as food and beverage, pharmaceuticals, cosmetics, and consumer goods. It has recently raised Rs. 40 crore through public issue. The IPO was subscribed over 171 times and got listed at 10 per cent premium to the issue price.
The company’s duplex board products ranging from 200 to 500 GSM are used in various packaging applications across industries such as food and beverage, pharmaceuticals, cosmetics, and consumer goods and supplies in both the domestic and international markets.
The coated duplex boards produced by the company are made from 100 per cent recycled wastepaper and are fully biodegradable, making them an eco-friendly choice for packaging various FMCG and pharmaceutical goods, said Shah.
With a vast network of over 25 dealers nationwide and export operations in over 15 countries, Three M Paper Boards maintains a broad market-reach and a strong industry presence.
Three M Paper Boards Ltd, plans to purchase a Plastic-Fired Low-Pressure Boiler, which will use waste plastic for power generation. This will help the company to lower the power cost. Company also planning to expand its capacity by 25% to cater to the growing demand of its products from domestic and international markets. Currently, the company has an installed capacity of 72,000 tonnes per annum (TPA), which would be enhanced.
Three M Paper Boards Limited (Formerly known as Three M Paper Boards Private Limited and Three M Paper Manufacturing Company Private Limited), established in 1989, is one of the ISO-9001 certified companies engaged in the business of manufacturing recycled paper-based Duplex Board products ranging from 200 to 500 GSM used in various packaging applications across industries such as food and beverage, pharmaceuticals, cosmetics, and consumer goods and supplies its high-quality duplex board paper products in both the domestic and international markets.
Highlights:-
* Three M Paper Boards has recently raised 40 crore through public issue. The IPO was subscribed over 171 times and got listed at 10 per cent premium to the issue price.
* The company’s duplex board products ranging from 200 to 500 GSM are used in various packaging applications across industries such as food and beverage, pharmaceuticals, cosmetics, and consumer goods.
* Three M Paper Boards Ltd, plans to purchase a Plastic-Fired Low-Pressure Boiler, which will use waste plastic for power generation.
Company’s products are made out of 100% recycled waste-paper and are completely biodegradable. The company sets out to undertake various innovations in both the product-development side as well as in manufacturing processes on a consistent basis. The company’s manufacturing facility in Chiplun, Maharashtra is spread over an area of more than 30 acres has an installed capacity of 72,000 tons per annum (TPA) along with 4 MW captive power plant and is equipped with state-of-the-art technology for manufacturing paper boards of the global quality standard suitable for high-quality print jobs in the packaging sectors across the globe. With a vast network of over 25 dealers nationwide and export operations in more than 15 countries, Three M Paper Boards maintains a broad market reach and a strong industry presence.
The Indian paper industry plays a noteworthy role on the global stage, contributing approximately 5% to the world’s paper production. The industry’s economic impact is substantial, with an estimated turnover exceeding Rs. 80,000 crores, contributing to approximately Rs. 5,000 crores to the national exchequer. In terms of employment, the industry directly engages 5,00,000 individuals and indirectly supports an additional 1.5 million jobs. A majority of the paper mills comprise of diverse technological landscape, ranging from the oldest to the most modern technologies.
According to industry sources, the paper & pulp industry has an annual turnover of Rs. 700 billion, with an estimated 861 paper mills, of which 526 are operational. The collective installed capacity stands at an impressive 30.73 million tonnes, portraying the industry’s robust and expansive presence.
The Indian paper and packaging industry are experiencing robust growth, poised for significant expansion in the coming years. Valued at USD 50.5 billion in 2019, the industry is projected to reach USD 204.81 billion by 2025, demonstrating an impressive CAGR of 26.28% from 2020 to 2025. This remarkable growth is attributed to several factors, including the flourishing e-commerce, food processing, pharmaceuticals, FMCG, manufacturing, and healthcare sectors.
Three M Paper’ Strong Financials
For the financial year ended on March 31, 2024, Three M Paper Boards reported revenue from operations at Rs. 272.23 crore, EBIDTA of Rs. 27.07 crore and net profit of Rs. 11.35 crore. The EBITDA was up by 25% as compared to 21.66 crores of previous financial year. The net profit was up by 170% as compared to 6.62 crores of previous financial year. The Company reported an increase in EBITDA Margin from 6.57% in previous year to 9.94% in current year. Also, the PAT margin increased from 2.01% in previous year to 4.11% in current year.
(ADVERTORIAL DISCLAIMER: The above press release has been provided by PNN. ANI will not be responsible in any way for the content of the same)
Disclaimer: This story is auto-generated from a syndicated feed of ANI; only the image & headline may have been reworked by News Services Division of World News Network Inc Ltd and Palghar News and Pune News and World News
HINDI, MARATHI, GUJARATI, TAMIL, TELUGU, BENGALI, KANNADA, ORIYA, PUNJABI, URDU, MALAYALAM
For more details and packages
