JK Paper Ltd

JK Paper Ltd

₹ 351 -0.99%
19 Apr - 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 [1]
J K Paper has a robust distribution network of over 450 trade partners and 4000 dealers with 14 pan-India depots and 2 Quick Service centers, reducing the turnaround time in servicing customers.

  • Market Cap 5,946 Cr.
  • Current Price 351
  • High / Low 452 / 306
  • Stock P/E 6.80
  • Book Value 246
  • Dividend Yield 2.28 %
  • ROCE 25.0 %
  • ROE 25.7 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 28.3% CAGR over last 5 years
  • 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.

Peer comparison

Sector: Paper Industry: Paper

Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
742 897 662 946 1,025 1,349 1,437 1,650 1,616 1,529 1,395 1,453 1,512
558 669 478 729 796 1,034 1,071 1,192 1,157 1,151 1,044 1,126 1,203
Operating Profit 184 228 183 217 229 314 367 458 460 378 351 327 309
OPM % 25% 25% 28% 23% 22% 23% 26% 28% 28% 25% 25% 23% 20%
18 16 20 20 17 22 16 5 29 25 29 30 33
Interest 25 20 24 27 19 22 20 28 86 55 44 35 72
Depreciation 39 39 38 39 39 54 59 60 60 58 60 62 61
Profit before tax 138 186 141 172 188 260 304 375 343 289 276 260 209
Tax % 27% 31% 31% 31% 31% 36% 33% 33% 34% 30% 16% 9% 2%
100 129 98 118 130 165 205 252 227 202 231 237 204
EPS in Rs 5.93 7.60 5.77 6.97 7.67 9.76 12.09 14.86 13.37 11.94 13.63 14.02 12.06
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1,330 1,459 1,738 2,159 2,437 2,629 2,844 3,256 3,054 2,742 3,981 6,232 5,889
1,183 1,327 1,614 1,904 2,046 2,116 2,231 2,386 2,150 2,110 3,038 4,570 4,524
Operating Profit 147 133 124 255 391 512 614 871 904 632 943 1,662 1,364
OPM % 11% 9% 7% 12% 16% 19% 22% 27% 30% 23% 24% 27% 23%
29 28 -3 12 10 26 26 55 81 69 80 75 118
Interest 51 50 122 204 195 188 143 122 123 94 93 188 207
Depreciation 73 73 122 114 117 120 121 125 144 154 169 237 241
Profit before tax 52 37 -123 -51 89 232 375 678 719 453 761 1,312 1,035
Tax % 5% -1% 37% 75% 32% 30% 31% 36% 31% 29% 33% 32%
49 38 -77 -13 61 163 260 437 493 322 511 885 875
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 52.26 51.65
Dividend Payout % 42% 181% -0% -0% 12% 14% 17% 14% 14% 21% 18% 15%
Compounded Sales Growth
10 Years: 16%
5 Years: 17%
3 Years: 27%
TTM: -3%
Compounded Profit Growth
10 Years: 44%
5 Years: 28%
3 Years: 22%
TTM: 1%
Stock Price CAGR
10 Years: 26%
5 Years: 19%
3 Years: 40%
1 Year: -5%
Return on Equity
10 Years: 17%
5 Years: 20%
3 Years: 19%
Last Year: 26%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 137 137 137 137 149 156 176 178 178 169 169 169 169
Reserves 715 739 661 641 963 1,166 1,470 1,863 2,190 2,431 2,875 3,605 4,004
Preference Capital 0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0
1,094 1,746 2,189 2,089 1,892 1,698 1,310 1,350 1,370 2,302 2,701 2,393 2,151
438 443 484 448 483 575 653 844 1,005 1,132 1,371 1,633 1,598
Total Liabilities 2,383 3,064 3,472 3,315 3,486 3,594 3,608 4,236 4,743 6,035 7,117 7,801 7,923
807 771 2,468 2,297 2,751 2,636 2,603 2,568 2,522 2,418 4,466 4,341 4,269
CWIP 582 1,541 17 27 20 16 34 52 349 1,563 33 30 56
Investments 73 15 96 28 41 271 164 913 701 865 997 1,811 2,235
921 738 890 963 674 672 806 703 1,172 1,188 1,620 1,619 1,363
Total Assets 2,383 3,064 3,472 3,315 3,486 3,594 3,608 4,236 4,743 6,035 7,117 7,801 7,923

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
7 124 130 254 404 561 555 913 636 560 599 1,378
-596 -792 -332 -50 -34 -260 46 -898 -298 -1,326 -757 -656
706 554 176 -195 -373 -289 -507 -123 -323 744 164 -704
Net Cash Flow 117 -114 -25 9 -3 13 95 -107 15 -22 6 18

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 40 30 36 25 21 15 14 9 9 11 20 10
Inventory Days 83 87 102 102 83 94 94 72 119 91 85 75
Days Payable 72 55 74 65 47 57 61 60 90 94 88 64
Cash Conversion Cycle 50 62 64 62 57 53 47 21 38 8 17 20
Working Capital Days 25 23 28 35 -15 -15 -14 -21 -6 16 38 26
ROCE % 6% 3% 0% 5% 10% 13% 17% 25% 23% 12% 16% 25%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
51.44% 49.52% 49.52% 49.63% 49.63% 49.64% 49.64% 49.64% 49.64% 49.64% 49.64% 49.64%
4.73% 4.59% 3.89% 3.53% 3.43% 6.05% 9.43% 11.49% 10.46% 10.90% 10.75% 9.26%
1.53% 1.89% 2.52% 3.50% 5.86% 4.46% 2.92% 2.85% 3.11% 3.18% 3.37% 3.71%
42.30% 44.00% 44.07% 43.34% 41.07% 39.85% 38.01% 36.04% 36.79% 36.29% 36.25% 37.39%
No. of Shareholders 83,19297,9111,10,18595,4031,02,1761,12,1581,25,3971,25,2711,38,9681,40,7391,43,4841,43,614

* 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.

Click on the line-items to see the names of individual entities.

Documents

Concalls