Kay Power & Paper Ltd
Incorporated on 1991, Kay Power and Paper Ltd deals in the production and marketing of Kraft paper.[1]
- Market Cap ₹ 29.1 Cr.
- Current Price ₹ 8.34
- High / Low ₹ 28.0 / 8.01
- Stock P/E 32.4
- Book Value ₹ 14.5
- Dividend Yield 0.00 %
- ROCE 2.75 %
- ROE 4.19 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.57 times its book value
- Promoter holding has increased by 4.96% over last quarter.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 7.25% over past five years.
- Company has a low return on equity of 13.1% over last 3 years.
- Debtor days have increased from 32.4 to 48.2 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 26.48 | 29.35 | 33.65 | 33.04 | 39.70 | 37.18 | 27.63 | 19.00 | 32.96 | 41.70 | 34.53 | 39.20 | 31.66 | |
| 26.08 | 31.77 | 33.21 | 33.72 | 38.29 | 35.14 | 27.45 | 20.58 | 32.05 | 40.08 | 34.06 | 39.06 | 29.81 | |
| Operating Profit | 0.40 | -2.42 | 0.44 | -0.68 | 1.41 | 2.04 | 0.18 | -1.58 | 0.91 | 1.62 | 0.47 | 0.14 | 1.85 |
| OPM % | 1.51% | -8.25% | 1.31% | -2.06% | 3.55% | 5.49% | 0.65% | -8.32% | 2.76% | 3.88% | 1.36% | 0.36% | 5.84% |
| 0.10 | 3.11 | 1.95 | 3.87 | 0.23 | 0.18 | 0.87 | 2.49 | 0.03 | 0.64 | 2.59 | 2.42 | 0.40 | |
| Interest | 0.00 | 0.00 | 0.00 | 0.41 | 0.12 | 1.31 | 0.20 | 0.01 | 0.02 | 0.02 | 0.01 | 0.01 | 0.00 |
| Depreciation | 0.43 | 0.62 | 0.79 | 0.91 | 0.86 | 0.83 | 0.84 | 0.84 | 0.83 | 0.83 | 1.56 | 1.44 | 1.35 |
| Profit before tax | 0.07 | 0.07 | 1.60 | 1.87 | 0.66 | 0.08 | 0.01 | 0.06 | 0.09 | 1.41 | 1.49 | 1.11 | 0.90 |
| Tax % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 25.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| 0.07 | 0.07 | 1.59 | 1.87 | 0.66 | 0.07 | 0.00 | 0.06 | 0.09 | 1.41 | 1.49 | 1.12 | 0.90 | |
| EPS in Rs | 0.07 | 0.07 | 1.49 | 1.76 | 0.62 | 0.07 | 0.00 | 0.06 | 0.08 | 1.33 | 1.40 | 0.51 | 0.41 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | 7% |
| 3 Years: | 6% |
| TTM: | -20% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 32% |
| 5 Years: | 27% |
| 3 Years: | 132% |
| TTM: | 10% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 25% |
| 3 Years: | 5% |
| 1 Year: | -64% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 13% |
| Last Year: | 4% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10.64 | 10.64 | 10.64 | 10.64 | 10.64 | 10.64 | 10.64 | 10.64 | 10.64 | 10.64 | 10.64 | 22.09 | 22.09 |
| Reserves | -4.76 | -5.08 | -3.49 | -10.97 | -10.31 | -10.24 | -10.24 | -10.18 | -10.08 | -8.68 | -7.17 | 27.84 | 28.70 |
| 36.26 | 31.45 | 26.98 | 23.03 | 12.45 | 9.81 | 18.25 | 18.19 | 19.67 | 30.08 | 27.25 | 0.84 | 3.18 | |
| 1.80 | 2.67 | 12.11 | 24.63 | 27.83 | 20.40 | 3.05 | 4.02 | 4.48 | 13.22 | 4.36 | 11.56 | 10.85 | |
| Total Liabilities | 43.94 | 39.68 | 46.24 | 47.33 | 40.61 | 30.61 | 21.70 | 22.67 | 24.71 | 45.26 | 35.08 | 62.33 | 64.82 |
| 33.50 | 32.50 | 38.91 | 38.17 | 19.95 | 14.33 | 13.52 | 12.69 | 11.85 | 11.02 | 27.74 | 41.60 | 40.88 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 3.00 | 0.00 | 0.00 | 0.00 | 0.00 | 11.91 | 0.00 | 0.00 | 2.01 |
| Investments | 0.00 | 0.16 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.10 | 0.10 |
| 10.44 | 7.02 | 7.31 | 9.16 | 17.66 | 16.28 | 8.18 | 9.98 | 12.86 | 22.33 | 7.34 | 20.63 | 21.83 | |
| Total Assets | 43.94 | 39.68 | 46.24 | 47.33 | 40.61 | 30.61 | 21.70 | 22.67 | 24.71 | 45.26 | 35.08 | 62.33 | 64.82 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -0.97 | 5.03 | 11.53 | 4.01 | 6.10 | 4.50 | 0.78 | 0.56 | -1.14 | 0.51 | 9.31 | -3.58 | |
| -0.14 | 0.00 | -7.20 | -0.17 | -1.39 | -1.73 | -0.03 | 0.00 | 0.00 | -11.91 | -6.36 | -15.30 | |
| 1.19 | -4.97 | -4.33 | -3.95 | -10.58 | -2.73 | -0.85 | 0.00 | 1.50 | 10.41 | -2.83 | 18.83 | |
| Net Cash Flow | 0.08 | 0.06 | 0.00 | -0.11 | -5.87 | 0.03 | -0.10 | 0.56 | 0.36 | -0.99 | 0.12 | -0.04 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 28.40 | 28.23 | 38.83 | 33.14 | 40.09 | 32.69 | 41.48 | 48.79 | 36.77 | 18.12 | 30.97 | 48.23 |
| Inventory Days | 107.62 | 53.20 | 34.63 | 26.70 | 33.01 | 45.36 | 85.20 | 121.11 | 91.21 | 39.80 | 25.16 | 33.70 |
| Days Payable | 29.78 | 32.03 | 155.83 | 202.84 | 217.59 | 143.86 | 53.06 | 86.06 | 54.08 | 147.30 | 59.80 | 141.21 |
| Cash Conversion Cycle | 106.24 | 49.40 | -82.37 | -143.00 | -144.50 | -65.81 | 73.62 | 83.84 | 73.90 | -89.39 | -3.66 | -59.28 |
| Working Capital Days | 89.73 | 43.03 | -60.63 | -76.78 | -16.37 | 42.61 | 58.65 | 91.25 | 66.11 | -50.59 | 8.35 | -24.12 |
| ROCE % | 0.17% | 0.18% | 4.50% | 8.02% | 93.18% | 11.66% | -4.64% | 0.38% | 0.57% | 5.47% | 4.78% | 2.75% |
Insights
In beta| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Number of Permanent Employees Count |
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| Production Volume - Kraft Paper MT |
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| Installed Capacity - Paper Division TPA |
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| Trade Receivables Turnover Ratio Ratio |
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| Trade Receivables Turnover Ratio Days |
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Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Strikes /Lockouts / Disturbances
14 Mar - Fire on 12 Mar 2026 at external wastepaper storage; no injuries; insured; operations expected to resume within 15 days.
-
Announcement under Regulation 30 (LODR)-Strikes /Lockouts / Disturbances
13 Mar - Fire at Satara wastepaper storage (13-Mar-2026); insured stock and machinery; plant expected to resume within 15 days.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
28 Feb - Disclosure under Regulation 30 SEBI (LODR) Regulation 2015 regarding the Newspaper Publication
-
E Voting Details And Cut Off Date For EGM
25 Feb - EGM on 23 March 2026 at 3:00 PM; cut-off March 16; e-voting Mar 20 09:00–Mar 22 21:00.
- Submission Of Notice Of Extra Ordinary General Meeting Scheduled On Monday 23Rd March 2026 25 Feb
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
Business Overview:[1][2]
KPPL offers a diverse range of Kraft paper products, ranging from 80 GSM to 180 GSM, catering to varied customer needs across sectors such as food packaging, e-commerce, industrial wrapping, andcorrugated box manufacturing. It has a dealer network across Western and Southern India for the sale of its paper products.