JK Paper Ltd
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]
- Market Cap ₹ 6,553 Cr.
- Current Price ₹ 387
- High / Low ₹ 491 / 276
- Stock P/E 24.8
- Book Value ₹ 288
- Dividend Yield 1.29 %
- ROCE 8.72 %
- ROE 7.03 %
- Face Value ₹ 10.0
Pros
- Company has been maintaining a healthy dividend payout of 18.2%
Cons
* 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,738 | 2,159 | 2,437 | 2,629 | 2,844 | 3,256 | 3,054 | 2,742 | 3,981 | 6,232 | 5,860 | 5,732 | 5,609 | |
| 1,614 | 1,904 | 2,046 | 2,116 | 2,231 | 2,386 | 2,150 | 2,110 | 3,038 | 4,570 | 4,564 | 4,972 | 4,916 | |
| Operating Profit | 124 | 255 | 391 | 512 | 614 | 871 | 904 | 632 | 943 | 1,662 | 1,296 | 760 | 694 |
| OPM % | 7% | 12% | 16% | 19% | 22% | 27% | 30% | 23% | 24% | 27% | 22% | 13% | 12% |
| -3 | 12 | 10 | 26 | 26 | 55 | 81 | 69 | 80 | 75 | 123 | 99 | 74 | |
| Interest | 122 | 204 | 195 | 188 | 143 | 122 | 123 | 94 | 93 | 188 | 180 | 150 | 164 |
| Depreciation | 122 | 114 | 117 | 120 | 121 | 125 | 144 | 154 | 169 | 237 | 243 | 250 | 252 |
| Profit before tax | -123 | -51 | 89 | 232 | 375 | 678 | 719 | 453 | 761 | 1,312 | 996 | 459 | 352 |
| Tax % | -37% | -75% | 32% | 30% | 31% | 36% | 31% | 29% | 33% | 32% | 9% | 20% | |
| -77 | -13 | 61 | 163 | 260 | 437 | 493 | 322 | 511 | 885 | 902 | 365 | 264 | |
| EPS in Rs | -5.65 | -0.93 | 4.10 | 10.44 | 14.82 | 24.53 | 27.64 | 19.02 | 30.17 | 52.26 | 53.27 | 21.56 | 15.60 |
| Dividend Payout % | 0% | 0% | 12% | 14% | 17% | 14% | 14% | 21% | 18% | 15% | 16% | 23% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 13% |
| 3 Years: | 13% |
| TTM: | -5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 37% |
| 5 Years: | -7% |
| 3 Years: | -13% |
| TTM: | -60% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 25% |
| 5 Years: | 34% |
| 3 Years: | -1% |
| 1 Year: | -12% |
| Return on Equity | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | 16% |
| 3 Years: | 17% |
| Last Year: | 7% |
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 | 137 | 137 | 149 | 156 | 176 | 178 | 178 | 169 | 169 | 169 | 169 | 169 | 169 |
| Reserves | 661 | 641 | 963 | 1,166 | 1,470 | 1,863 | 2,190 | 2,431 | 2,875 | 3,605 | 4,383 | 4,669 | 4,709 |
| 2,189 | 2,089 | 1,892 | 1,698 | 1,310 | 1,350 | 1,370 | 2,302 | 2,701 | 2,393 | 1,886 | 1,546 | 1,792 | |
| 484 | 448 | 483 | 575 | 653 | 844 | 1,005 | 1,132 | 1,371 | 1,633 | 1,464 | 1,441 | 1,435 | |
| Total Liabilities | 3,472 | 3,315 | 3,486 | 3,594 | 3,608 | 4,236 | 4,743 | 6,035 | 7,117 | 7,801 | 7,902 | 7,825 | 8,107 |
| 2,468 | 2,297 | 2,751 | 2,636 | 2,603 | 2,568 | 2,522 | 2,418 | 4,466 | 4,341 | 4,198 | 4,060 | 3,989 | |
| CWIP | 17 | 27 | 20 | 16 | 34 | 52 | 349 | 1,563 | 33 | 30 | 54 | 79 | 343 |
| Investments | 96 | 28 | 41 | 271 | 164 | 913 | 701 | 865 | 997 | 1,811 | 2,029 | 1,899 | 2,144 |
| 890 | 963 | 674 | 672 | 806 | 703 | 1,172 | 1,188 | 1,620 | 1,619 | 1,622 | 1,788 | 1,630 | |
| Total Assets | 3,472 | 3,315 | 3,486 | 3,594 | 3,608 | 4,236 | 4,743 | 6,035 | 7,117 | 7,801 | 7,902 | 7,825 | 8,107 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 130 | 254 | 404 | 561 | 555 | 913 | 636 | 560 | 599 | 1,378 | 932 | 437 | |
| -332 | -50 | -34 | -260 | 46 | -898 | -298 | -1,326 | -757 | -656 | -94 | 49 | |
| 176 | -195 | -373 | -289 | -507 | -123 | -323 | 744 | 164 | -704 | -809 | -536 | |
| Net Cash Flow | -25 | 9 | -3 | 13 | 95 | -107 | 15 | -22 | 6 | 18 | 29 | -51 |
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 | 36 | 25 | 21 | 15 | 14 | 9 | 9 | 11 | 20 | 10 | 10 | 12 |
| Inventory Days | 102 | 102 | 83 | 94 | 94 | 72 | 119 | 91 | 85 | 75 | 83 | 95 |
| Days Payable | 74 | 65 | 47 | 57 | 61 | 60 | 90 | 94 | 88 | 64 | 60 | 57 |
| Cash Conversion Cycle | 64 | 62 | 57 | 53 | 47 | 21 | 38 | 8 | 17 | 20 | 33 | 50 |
| Working Capital Days | -18 | -7 | -34 | -33 | -24 | -23 | -20 | -37 | -3 | -9 | 9 | 24 |
| ROCE % | 0% | 5% | 10% | 13% | 17% | 25% | 23% | 12% | 16% | 25% | 18% | 9% |
Documents
Announcements
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Scrutinizer''s Report Of NCLT Convened Meeting Of Unsecured Creditors Held On 2Nd November 2025
3 Nov - Unsecured creditors approved composite scheme on 2 Nov 2025; 649 in favour, Rs241.15 crore votes.
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Scrutinizer''s Report Of NCLT Convened Meeting Of Secured Creditors (Including NCD Holder) Held On 2Nd November 2025
3 Nov - Secured creditors approved NCLT-directed composite scheme Nov 2; votes total Rs1,514,02,02,510.
- Court Convened Meeting Of Equity Shareholders Held On 2Nd November 2025 3 Nov
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
3 Nov - Q2 FY25 consolidated turnover Rs1,870.34 Cr; EBITDA Rs243.66 Cr; PAT Rs74.75 Cr.
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Announcement under Regulation 30 (LODR)-Change in Management
3 Nov - Board approved inclusion of Ninad Gadgil (CEO-Packaging) and Raghavendra Hebbar (VP Works) effective 3 Nov 2025.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
from nse
Concalls
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Jan 2025TranscriptNotesPPT
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Nov 2024TranscriptNotesPPT
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May 2024Transcript PPT
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May 2023Transcript PPT
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Aug 2022Transcript PPT
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May 2022Transcript PPT
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Aug 2021Transcript PPT
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Jun 2021Transcript PPT
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Feb 2021TranscriptPPT
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Nov 2020TranscriptNotesPPT
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Nov 2018TranscriptPPT
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May 2018TranscriptPPT
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Feb 2018TranscriptPPT
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Aug 2017Transcript PPT
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Jun 2017TranscriptNotesPPT
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Feb 2017TranscriptNotesPPT
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Nov 2016TranscriptNotesPPT
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Jul 2016TranscriptNotesPPT
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May 2016TranscriptNotesPPT
Product Segments