JK Paper Ltd.

•

jkpaper.comBSE: 532162NSE: JKPAPER

Market Cap₹ 7,400 Cr.

Current Price

High / Low₹ 445 / 305

Stock P/E22.8

Book Value₹ 312

Price to Book1.01

Dividend Yield0.98 %

ROCE7.8 %

ROE5.0 %

Face Value₹ 10

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Paper & Board: 97.3% • Others: 2.7%

PROS

Promoters have been increasing their shareholding - up 3.3pp over 2 years
Company has consistently been profitable over the last 5 years
Latest quarter profit grew 59.5% YoY, showing strong momentum
Company has delivered good sales growth of 20.8% CAGR over last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.54x)

CONS

Receivables are growing faster than sales - a possible quality concern
Operating margins have contracted to 12.2% from 32.3%
Total debt has risen sharply - up 38.9% year on year
Company has delivered a poor profit growth of 2.8% over past five years
Valuation is stretched - P/E of 22.8 is well above its own 5-year median (12.9)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Forest MaterialsPaperPaper & Paper Products

Part ofNIFTY MICROCAP250 NIFTY TOTAL MKT

S.No.	Name
1.	JKPAPER	408.10	22.82	7399.62	0.98	136.27	59.49	1887.17	12.72	7.80	15.39
2.	WSTCSTPAPR	667.30	19.19	4407.44	0.45	141.84	135.37	1051.26	10.12	7.11	19.34
3.	SESHAPAPER	244.30	15.56	1540.75	0.82	31.91	106.80	492.08	27.68	5.60	8.85
4.	ANDHRAPAP	68.16	49.06	1355.36	0.73	303.16	1322.95	3937.71	900.89	1.99	12.39
5.	TNPL	155.25	4.12	1074.49	2.58	5.74	177.46	1146.64	1.53	5.85	10.02
6.	NRAIL	612.55	16.78	1042.50	0.33	34.98	111.33	646.96	43.09	8.25	11.48
7.	PDMJEPAPER	96.76	10.09	918.74	0.62	33.72	-6.95	202.92	3.29	20.10	17.53
8.	SATIA	66.27	0.00	662.70	0.30	-17.12	-154.18	361.81	-2.45	3.99	14.04
9.	KUANTUM	75.30	18.19	657.10	3.32	6.23	-48.34	303.75	36.87	5.24	13.20
10.	RAMANEWS	32.70	0.00	482.40	0.00	-10.50	-29.46	9.72	6.02	1.87	-7.68
11.	BBTCL	226.50	13.96	464.58	0.00	14.39	727.77	180.47	18.53	3.03	18.69
12.	ORIENTPPR	17.87	2.41	379.18	0.00	-8.25	-124.27	227.61	-4.50	-4.28	3.52

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	1,584	1,650	1,706	1,719	1,714	1,683	1,632	1,677	1,674	1,749	1,763	1,966	1,887
	1,107	1,243	1,334	1,360	1,433	1,419	1,464	1,460	1,427	1,525	1,586	1,689	1,736
Operating Profit	477	407	372	359	280	264	168	218	247	224	177	277	151
OPM %	30.12%	24.68%	21.82%	20.89%	16.36%	15.66%	10.26%	12.97%	14.76%	12.81%	10.05%	14.07%	8.01%
	55	59	56	57	29	32	22	12	25	20	4	-0	31
Interest	51	42	80	35	36	68	24	50	67	51	47	60	40
Depreciation	80	84	83	63	80	82	83	86	89	91	97	100	99
Profit before Tax	401	341	265	318	193	145	83	93	116	101	37	117	183
Tax %	22.03%	10.25%	10.73%	12.52%	27.22%	11.29%	21.46%	28.54%	26.35%	23.04%	25.61%	22.78%	25.49%
Net Profit	0	0	0	0	141	129	65	77	85	78	28	90	136
	18.22	17.85	13.88	16.27	8.25	7.59	3.86	3.74	4.80	4.42	1.61	5.07	7.18

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	2,629	2,844	3,257	3,060	2,751	3,969	6,437	6,659	6,662	7,076	7,365
	2,112	2,243	2,389	2,189	2,189	2,971	4,425	5,044	5,733	6,154	6,536
Operating Profit	517	601	868	871	562	997	2,012	1,616	929	922	829
OPM %	19.66%	21.14%	26.65%	28.47%	20.42%	25.13%	31.25%	24.26%	13.95%	13.03%	11.25%
	35	42	50	104	112	138	139	227	97	45	55
Interest	188	146	124	129	130	145	222	208	178	225	198
Depreciation	121	122	128	149	174	193	282	310	332	377	387
Profit before Tax	244	375	666	696	370	797	1,646	1,325	517	364	438
Tax %	28.35%	30.59%	36.20%	32.74%	36.06%	31.74%	26.62%	14.45%	21.33%	25.41%	24.21%
Net Profit	174	261	425	468	237	544	1,208	1,133	407	272	332
EPS	9.95	14.67	23.82	26.28	13.73	32.03	70.59	66.22	24.13	14.66	—
Dividend Payout %	13.62%	16.84%	14.60%	15.00%	28.24%	17.17%	11.33%	12.84%	20.72%	27.28%	—

COMPOUNDED SALES GROWTH

10 Years:: 11%
5 Years:: 21%
3 Years:: 3%

COMPOUNDED PROFIT GROWTH

10 Years:: 17%
5 Years:: 2%
3 Years:: -39%

STOCK PRICE CAGR

10 Years:: 22%
5 Years:: 10%
3 Years:: 1%
1 Year:: 4%

RETURN ON EQUITY

10 Years:: 18%
5 Years:: 18%
3 Years:: 13%
Last Year:: 5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	156	176	178	178	169	169	169	169	169	181
Minority Interest	0	0	51	8	5	6	131	142	221	266
	1,165	1,468	1,860	2,187	2,347	2,827	3,865	4,900	5,191	5,339
	1,752	1,361	1,622	1,900	2,907	3,256	2,984	2,031	1,724	2,427
Trade Payables	231	255	274	382	397	526	658	678	739	855
	291	349	537	634	730	841	1,113	1,406	1,357	1,580
Total Liabilities	3,596	3,608	4,522	5,290	6,555	7,625	8,920	9,326	9,401	10,648
	2,636	2,604	2,653	3,088	2,976	5,226	5,703	5,793	6,203	6,459
Capital Work in Progress	16	34	314	399	1,702	42	119	61	92	420
	259	152	675	491	641	724	931	1,158	556	537
	383	394	346	498	383	519	819	942	1,214	1,348
	0	0	0	0	0	0	0	361	432	546
Cash & Bank	30	123	27	42	20	22	52	73	37	179
	272	301	507	772	834	1,090	1,296	937	867	1,159
Total Assets	3,596	3,608	4,522	5,290	6,555	7,625	8,920	9,326	9,401	10,648

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	611	629	1,019	688	552	903	2,021	1,376	643	773
Cash from Investing	-262	40	-1,115	-395	-1,282	-874	-967	-411	-37	-836
Cash from Financing	-289	-507	140	-148	784	103	-787	-938	-656	175
	14	93	-97	15	-22	3	8	27	-49	111

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	49.63	49.63	49.63	49.63	49.63	49.63	49.63	52.94	52.94
	12.09	11.37	12.18	11.86	11.75	11.50	12.07	11.59	11.39
	5.71	5.59	5.33	5.12	5.09	5.18	5.46	5.79	6.10
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	32.56	33.41	32.85	33.38	33.52	33.69	32.84	29.68	29.55

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-09

Acquisition

2026-09-09 - JK Paper Limited has informed the Exchange about Acquisition Update

2026-09-03

Shareholders meeting

2026-09-03 - JK Paper Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 02, 2026. Further, the company has informed the Exchange regarding voting results.

2026-09-02

Change in Auditors

2026-09-02 - JK Paper Limited has informed the Exchange regarding Change in Auditors of the company.

2026-09-02

Shareholders meeting

2026-09-02 - JK Paper Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 02, 2026

2026-09-01

Appointment

2026-09-01 - JK Paper Limited has informed the Exchange regarding Appointment of Mr Arvind Kumar as Company Secretary & Compliance Officer of the company w.e.f. September 01, 2026.

2026-08-12

Updates

2026-08-12 - JK Paper Limited has informed the Exchange regarding 'Revised Annual Report 2025-26'.

2026-08-07

Copy of Newspaper Publication

2026-08-07 - JK Paper Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-06

Record Date

2026-08-06 - JK Paper Limited has informed the Exchange that Record date for the purpose of Dividend is 19-Aug-2026.

2026-08-06

Updates

2026-08-06 - JK Paper Limited has informed the Exchange regarding 'Business Responsibility and Sustainability Report'.

News

Recent coverage and analyst commentary for JKPAPER

Loading news…

JK Paper Ltd.

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI