JK Paper Ltd

₹ 388 -2.08%
27 Jan - close price
About

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]

Key Points

Distribution Network
J K Paper has a robust distribution network of over 300 trade partners and 4000 dealers with 15 pan-India depots, reducing the turnaround time in servicing customers. [1]

  • Market Cap 6,570 Cr.
  • Current Price 388
  • High / Low 453 / 204
  • Stock P/E 8.57
  • Book Value 201
  • Dividend Yield 1.42 %
  • ROCE 15.7 %
  • ROE 17.6 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 17.9%

Cons

  • The company has delivered a poor sales growth of 8.65% over past five years.

* 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.

Peer comparison

Sector: Paper Industry: Paper

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
790 821 730 464 638 742 897 662 946 1,025 1,349 1,437 1,650
552 584 549 385 498 558 669 478 729 796 1,034 1,071 1,192
Operating Profit 239 238 182 78 140 184 228 183 217 229 314 367 458
OPM % 30% 29% 25% 17% 22% 25% 25% 28% 23% 22% 23% 26% 28%
22 19 19 19 17 18 16 20 20 17 22 16 5
Interest 31 29 31 26 23 25 20 24 27 19 22 20 28
Depreciation 35 38 35 37 39 39 39 38 39 39 54 59 60
Profit before tax 194 189 135 35 95 138 186 141 172 188 260 304 375
Tax % 32% 30% 32% 27% 28% 27% 31% 31% 31% 31% 36% 33% 33%
Net Profit 133 132 91 25 68 100 129 98 118 130 165 205 252
EPS in Rs 7.46 7.42 5.13 1.41 3.89 5.93 7.60 5.77 6.97 7.67 9.76 12.09 14.86
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
1,233 1,330 1,459 1,738 2,159 2,437 2,629 2,844 3,256 3,054 2,742 3,981 5,460
974 1,183 1,327 1,614 1,904 2,046 2,116 2,231 2,386 2,150 2,110 3,038 4,093
Operating Profit 259 147 133 124 255 391 512 614 871 904 632 943 1,367
OPM % 21% 11% 9% 7% 12% 16% 19% 22% 27% 30% 23% 24% 25%
13 29 28 -3 12 10 26 26 55 81 69 80 60
Interest 51 51 50 122 204 195 188 143 122 123 94 93 89
Depreciation 72 73 73 122 114 117 120 121 125 144 154 169 211
Profit before tax 148 52 37 -123 -51 89 232 375 678 719 453 761 1,127
Tax % 28% 5% -1% 37% 75% 32% 30% 31% 36% 31% 29% 33%
Net Profit 106 49 38 -77 -13 61 163 260 437 493 322 511 752
EPS in Rs 3.61 2.76 -5.65 -0.93 4.10 10.44 14.82 24.53 27.64 19.02 30.17 44.38
Dividend Payout % 17% 42% 181% 0% 0% 12% 14% 17% 14% 14% 21% 18%
Compounded Sales Growth
10 Years: 12%
5 Years: 9%
3 Years: 7%
TTM: 68%
Compounded Profit Growth
10 Years: 27%
5 Years: 26%
3 Years: 5%
TTM: 72%
Stock Price CAGR
10 Years: 27%
5 Years: 22%
3 Years: 43%
1 Year: 82%
Return on Equity
10 Years: 14%
5 Years: 18%
3 Years: 17%
Last Year: 18%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
78 137 137 137 137 149 156 176 178 178 169 169 169
Reserves 511 715 739 661 641 963 1,150 1,470 1,863 2,190 2,431 2,875 3,242
647 1,094 1,746 2,189 2,089 1,892 1,698 1,310 1,350 1,370 2,302 2,701 2,498
226 438 443 484 448 483 590 653 844 1,005 1,132 1,371 1,545
Total Liabilities 1,461 2,383 3,064 3,472 3,315 3,486 3,594 3,608 4,236 4,743 6,035 7,117 7,454
844 807 771 2,468 2,297 2,751 2,636 2,603 2,568 2,522 2,418 4,466 4,366
CWIP 25 582 1,541 17 27 20 16 34 52 349 1,563 33 53
Investments 83 73 15 96 28 41 271 164 913 701 865 997 1,564
509 921 738 890 963 674 672 806 703 1,172 1,188 1,620 1,471
Total Assets 1,461 2,383 3,064 3,472 3,315 3,486 3,594 3,608 4,236 4,743 6,035 7,117 7,454

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
229 7 124 130 254 404 561 555 913 636 560 599
-100 -596 -792 -332 -50 -34 -260 46 -898 -298 -1,326 -757
-107 706 554 176 -195 -373 -289 -507 -123 -323 744 164
Net Cash Flow 23 117 -114 -25 9 -3 13 95 -107 15 -22 6

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 32 40 30 36 25 21 15 14 9 9 11 20
Inventory Days 79 83 87 102 102 83 94 94 72 119 91 85
Days Payable 0 72 55 74 65 47 57 61 60 90 94 88
Cash Conversion Cycle 111 50 62 64 62 57 53 47 21 38 8 17
Working Capital Days 18 25 23 28 35 -15 -15 -14 -21 -6 16 38
ROCE % 18% 6% 3% 0% 5% 10% 13% 17% 25% 23% 12% 16%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
48.89 49.36 51.11 51.44 51.44 51.44 49.52 49.52 49.63 49.63 49.64 49.64
6.96 5.78 5.54 4.73 4.47 4.73 4.59 3.89 3.53 3.43 6.05 9.43
0.80 0.80 0.24 0.25 0.78 1.53 1.89 2.52 3.50 5.86 4.46 2.92
43.36 44.06 43.11 43.58 43.31 42.30 44.00 44.07 43.34 41.07 39.85 38.01

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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