JK Paper Ltd logo

JK Paper Ltd

JKPAPER NSE

Key Fundamentals

MicrocapPaper & Paper ProductsForest Materials
Market Cap
₹6,867 Cr
Volatility
Moderate
P/E Ratio
21.53
EBITDA
₹984 Cr
Return on Equity
4.7%
Debt to Equity
0.47
Book Value
₹304.47
EPS
₹56.25
52W High
₹444.8
52W Low
₹304.85

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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40 extracted metrics + investor summaries across FY13–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

2
  • Company has been maintaining a healthy dividend payout of 20.3%
  • Company's working capital requirements have reduced from 29.4 days to 13.9 days

Weaknesses

1
  • Company has a low return on equity of 10.9% over last 3 years.

Growth Rate

Revenue Growth
5.57% ↗
Net Income Growth
-33.14% ↘
Cash Flow Change
20.12% ↗
ROE
-35.35% ↘
ROCE
-19.80% ↘
EBITDA Margin (Avg.)
-9.16% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 18d ago
AI opinion · based on fundamentals
Risk high

JK Paper Ltd trades at a market cap of ₹6,867 Cr with a PE of 21x and PB of 1.24x. The company has delivered strong long-term sales growth (10-year CAGR of 11%) but recent profitability has deteriorated with TTM profit declining 4% and last year ROE falling to 5%, well below its 5-year average of 16%.

Bull Case 7
  • Strong long-term sales CAGR of 11% over 10 years demonstrates consistent revenue growth in the forest materials sector
  • 10-year stock price CAGR of 21% reflects significant long-term value creation for shareholders
  • 5-year compounded sales growth of 21% indicates successful capacity expansion and market share gains
  • PB ratio of 1.24x suggests the stock trades close to book value, offering potential asset-backed margin of safety
  • Consistent dividend payout of 20.3% with a current yield of 1.32% provides regular income to shareholders
  • 5-year compounded profit growth of 4% shows the company remains profitable through business cycles
  • TTM sales growth of 10% indicates recovery momentum in top-line performance
Bear Case 8
  • 3-year compounded profit CAGR of -39% signals a severe earnings decline over the medium term
  • Last year ROE collapsed to 5% from a 5-year average of 16%, indicating sharp deterioration in capital efficiency
  • TTM profit growth of -4% shows earnings contraction continues into the most recent period
  • 3-year ROE average of 11% is below the 5-year and 10-year averages of 16%, confirming a structural decline in returns
  • PE of 21x appears elevated relative to the declining earnings trajectory and single-digit ROE of 5%
  • 3-year sales CAGR of only 3% suggests top-line momentum has slowed significantly from the 5-year rate of 21%
  • 3-year stock CAGR of just 4% reflects limited price appreciation during the recent earnings downcycle
  • Forest materials sector faces cyclical pricing pressures which have compressed margins as evidenced by profit declining while sales grew 10% TTM

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 15d ago
Positives 2
  • Q1FY26 profit surges 48% YoY Jul 27

    Consolidated net profit rose 48% YoY to ₹136.27 crore in Q1FY26, with EBITDA up 18% to ₹320.90 crore, driven by higher volumes and enriched product mix.

  • Standalone profit up 48% YoY Jul 27

    Standalone net profit jumped 48% YoY to ₹113.00 crore for Q1FY26, supported by volume growth and better product mix.

Neutral 2
  • Independent director Anoop Seth resigns Jul 27

    Anoop Seth resigned as Independent Director effective July 27, 2026, also stepping down from Audit and Stakeholders committees.

  • Amit Dalal appointed as director Jul 27

    Amit Dalal appointed as Additional Independent Director for five years effective July 27, 2026, subject to shareholder approval.

TL;DR: JK Paper delivered a strong Q1FY26 with consolidated profit up 48% YoY and EBITDA expanding 18%, reflecting improved volumes and product mix. No material headwinds emerged this quarter. Board reconstitution with one resignation and one appointment is routine. The earnings momentum is positive, and sustained volume growth with margin expansion suggests an improving trend heading into FY26.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
1,584
1,650
1,706
1,719
1,714
1,683
1,632
1,677
1,661
1,749
1,717
1,966
1,887
Expenses
1,107
1,243
1,334
1,360
1,433
1,419
1,464
1,460
1,411
1,525
1,541
1,689
1,597
Operating Profit
477
407
372
359
280
264
168
218
250
224
176
277
290
OPM %
30%
25%
22%
21%
16%
16%
10%
13%
15%
13%
10%
14%
15%
Other Income
55
59
56
57
29
32
22
12
23
20
3
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
PBT
401
341
265
318
193
145
83
93
116
101
34
117
182
Tax %
22%
10%
11%
13%
27%
11%
21%
29%
28%
23%
34%
23%
26%
Net Profit
313
306
236
279
141
129
65
67
84
78
24
90
136
EPS in Rs
18.22
17.85
13.88
16.27
8.25
7.59
3.86
4
4.67
4.41
1.24
5.07
7.18
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
2,160
2,437
2,629
2,844
3,257
3,060
2,751
3,969
6,437
6,659
6,662
7,076
7,319
Expenses
1,902
2,042
2,112
2,226
2,388
2,189
2,188
2,971
4,425
5,044
5,733
6,152
6,352
Operating Profit
259
396
517
618
868
871
563
997
2,012
1,616
929
924
967
OPM %
12%
16%
20%
22%
27%
28%
20%
25%
31%
24%
14%
13%
13%
Other Income
3
7
35
22
50
104
111
124
139
227
97
43
53
Interest
205
195
188
143
124
129
129
132
222
208
178
225
198
Depreciation
116
118
121
122
128
149
174
193
282
310
332
377
387
PBT
-60
89
244
375
666
696
370
797
1,646
1,325
517
364
435
Tax %
-69%
32%
28%
31%
36%
33%
36%
32%
27%
14%
21%
25%
—
Net Profit
-18
56
172
261
425
468
237
544
1,208
1,133
410
274
327
EPS in Rs
-1.35
3.77
11.02
14.85
23.97
26.67
14.16
32.03
70.59
66.22
24.13
14.66
17.9
Div. Payout %
0%
13%
14%
17%
15%
15%
28%
17%
11%
13%
21%
27%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
137
149
156
176
178
178
169
169
169
169
169
181
Reserves
639
954
1,165
1,468
1,860
2,187
2,347
2,827
3,865
4,900
5,203
5,339
Borrowings
2,104
1,892
1,698
1,310
1,563
1,782
2,790
3,137
2,803
2,204
1,885
2,578
Other Liabilities
448
485
577
656
921
1,143
1,249
1,492
2,083
2,053
2,144
2,433
Total Liabilities
3,328
3,478
3,596
3,608
4,522
5,290
6,555
7,625
8,920
9,326
9,401
10,531
Fixed Assets
2,370
2,752
2,688
2,654
2,706
3,142
3,031
5,280
5,756
5,846
6,255
6,511
CWIP
27
20
16
37
329
400
1,704
46
124
66
99
421
Investments
4
70
259
152
675
491
641
724
931
1,158
556
537
Other Assets
927
636
633
766
812
1,258
1,180
1,574
2,110
2,256
2,491
3,062
Total Assets
3,328
3,478
3,596
3,608
4,522
5,290
6,555
7,625
8,920
9,326
9,401
10,531
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
260
405
565
560
879
558
475
774
1,762
1,376
643
773
Investing
-14
-34
-262
40
-1,115
-395
-1,282
-874
-948
-410
-28
-814
Financing
-240
-373
-289
-507
140
-148
784
103
-787
-938
-656
175
Net Cash Flow
6
-2
14
93
-97
15
-22
3
27
28
-40
133
Free Cash Flow
171
367
506
472
406
-163
-696
-53
1,552
1,140
396
282
CFO/OP
100
108
118
102
117
79
98
91
100
101
83
98
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
25
21
15
14
8
9
10
20
20
20
24
28
Inventory Days
102
83
94
94
78
133
106
110
105
100
109
113
Days Payable
65
47
57
61
62
102
110
111
84
72
66
71
Cash Conversion Cycle
62
57
53
47
24
40
7
19
40
48
66
69
Working Capital Days
-7
-34
-34
-24
-13
-3
-10
8
12
30
45
14
ROCE %
5%
10%
13%
17%
23%
21%
10%
16%
28%
20%
9%
7%

Shareholding Pattern

As of Jun 2026
Promoters 52.94%
Public 16.67%
Others 12.72%
FIIs 11.40%
DIIs 6.27%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
51.44%
51.44%
49.52%
49.52%
49.63%
49.63%
49.63%
49.63%
49.63%
49.63%
49.63%
49.63%
49.63%
49.63%
49.63%
49.63%
49.63%
49.63%
49.63%
49.63%
52.94%
52.94%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
10.90%
10.75%
9.26%
12.09%
11.37%
12.19%
11.86%
11.76%
11.50%
12.07%
11.59%
11.40%
DIIs
0.02%
0.21%
0.52%
1.05%
1.93%
4.59%
3.10%
2.92%
2.84%
3.11%
3.18%
3.37%
3.72%
5.72%
5.81%
5.55%
5.51%
5.47%
5.57%
5.86%
6.14%
6.27%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
28.04%
27.26%
28.97%
30.06%
28.73%
27.10%
26.77%
25.54%
23.82%
24.82%
23.31%
23.27%
22.77%
18.99%
19.72%
19.31%
19.60%
19.85%
19.29%
18.27%
16.67%
16.67%
Others
20.50%
21.09%
21.00%
19.37%
19.71%
18.68%
20.51%
21.91%
23.70%
22.43%
12.98%
12.98%
14.61%
13.57%
13.46%
13.32%
13.40%
13.29%
14.00%
14.16%
12.65%
12.72%
No. of Shareholders
85,782
83,192
97,911
1,10,185
95,403
1,02,176
1,12,158
1,25,397
1,25,271
1,38,968
1,40,739
1,43,484
1,43,614
1,23,165
1,46,946
1,50,342
1,56,134
1,51,689
1,42,622
1,36,067
1,32,244
1,30,169

Documents

1
Concall - Jun 2017 Jun 2017
2
Concall - Aug 2017 Aug 2017
3
Concall - Nov 2020 Nov 2020
4
Concall - May 2016 May 2016
5
Concall - Jul 2016 Jul 2016

Frequently Asked Questions about JK Paper Ltd

What does JK Paper Ltd do?
Established in 1962, JK Paper is the leading player in Office papers, Coated papers and Packaging boards. It is one of the most respected paper companies today. [1]
Where is JK Paper Ltd (JKPAPER) listed?
JK Paper Ltd is listed on the Indian stock exchanges. It is listed on NSE: JKPAPER and BSE: 532162. You can view its live share price, financials, and ratios on Tapetide.
Which sector does JK Paper Ltd belong to?
JK Paper Ltd operates in the Forest Materials sector within the Paper & Paper Products industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of JK Paper Ltd?
JK Paper Ltd has a market capitalisation of approximately ₹6867.45 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of JK Paper Ltd?
The Price-to-Earnings (PE) ratio of JK Paper Ltd is 21.53. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of JK Paper Ltd?
Over the past 52 weeks, JK Paper Ltd has traded between a low of ₹304.85 and a high of ₹444.8. This range helps investors understand the stock's price volatility and recent trading levels.
Does JK Paper Ltd pay dividends?
Yes, JK Paper Ltd has a dividend yield of 1.05%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of JK Paper Ltd?
JK Paper Ltd has a Return on Equity (ROE) of 4.70%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research JK Paper Ltd on Tapetide?
On Tapetide, you can view JK Paper Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Established in 1962, JK Paper is the leading player in Office papers, Coated papers and Packaging boards. It is one of the most respected paper companies today. [1]

Website jkpaper.com
CEO Mr. Harsh Pati Singhania
Employees 2,854
Listed 2005-06-16
Face Value ₹ 10
Issued Size 16,94,02,344

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