JK Paper Ltd

JK Paper Ltd

₹ 353 -0.49%
19 Apr 3:02 p.m.
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 5,976 Cr.
  • Current Price 353
  • High / Low 452 / 306
  • Stock P/E 5.28
  • Book Value 272
  • Dividend Yield 2.26 %
  • ROCE 28.5 %
  • ROE 34.0 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 36.4% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 18.9%

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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
745 898 661 944 1,024 1,340 1,430 1,644 1,643 1,719 1,584 1,650 1,706
590 670 470 725 772 1,004 1,007 1,105 1,078 1,236 1,107 1,243 1,334
Operating Profit 155 228 190 220 251 336 423 539 565 484 477 407 372
OPM % 21% 25% 29% 23% 25% 25% 30% 33% 34% 28% 30% 25% 22%
26 37 34 35 33 22 35 14 49 41 55 59 56
Interest 33 28 33 37 29 32 29 36 94 63 51 42 80
Depreciation 44 44 43 45 45 60 65 67 70 81 80 84 83
Profit before tax 103 194 148 173 210 266 364 451 451 381 401 341 265
Tax % 37% 30% 30% 31% 28% 36% 27% 27% 26% 26% 22% 10% 11%
65 136 104 118 151 170 264 327 334 284 313 306 236
EPS in Rs 3.89 8.02 6.14 6.99 8.87 10.04 15.46 19.14 19.44 16.54 18.22 17.85 13.88
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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 2,160 2,437 2,629 2,844 3,257 3,060 2,751 3,969 6,437 6,660
1,179 1,320 1,597 1,902 2,042 2,112 2,226 2,388 2,189 2,188 2,971 4,425 4,920
Operating Profit 151 139 141 259 396 517 618 868 871 563 997 2,012 1,740
OPM % 11% 10% 8% 12% 16% 20% 22% 27% 28% 20% 25% 31% 26%
25 26 -5 3 7 35 22 50 104 111 124 139 211
Interest 51 54 129 205 195 188 143 124 129 129 132 222 237
Depreciation 74 74 127 116 118 121 122 128 149 174 193 282 327
Profit before tax 51 38 -119 -60 89 244 375 666 696 370 797 1,646 1,387
Tax % 6% 0% 37% 69% 32% 28% 31% 36% 33% 36% 32% 27%
49 38 -75 -18 56 172 261 425 468 237 544 1,208 1,138
EPS in Rs 3.55 2.78 -5.47 -1.35 3.77 11.02 14.85 23.97 26.67 14.16 32.03 70.59 66.49
Dividend Payout % 42% 180% 0% 0% 13% 14% 17% 15% 15% 28% 17% 11%
Compounded Sales Growth
10 Years: 16%
5 Years: 18%
3 Years: 28%
TTM: 10%
Compounded Profit Growth
10 Years: 50%
5 Years: 36%
3 Years: 38%
TTM: 2%
Stock Price CAGR
10 Years: 27%
5 Years: 19%
3 Years: 40%
1 Year: -4%
Return on Equity
10 Years: 18%
5 Years: 22%
3 Years: 22%
Last Year: 34%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 714 739 664 639 954 1,165 1,468 1,860 2,187 2,347 2,827 3,865 4,439
Preference Capital 0 0 0 0 0 0 0 48 51 54 58 62
1,094 1,784 2,248 2,104 1,892 1,698 1,310 1,515 1,731 2,736 3,079 2,741 2,482
439 443 491 448 485 577 656 969 1,194 1,303 1,550 2,145 2,123
Total Liabilities 2,383 3,103 3,538 3,328 3,478 3,596 3,608 4,522 5,290 6,555 7,625 8,920 9,214
858 824 2,577 2,370 2,752 2,688 2,654 2,706 3,142 3,031 5,280 5,756 5,784
CWIP 584 1,541 23 27 20 16 37 329 400 1,704 46 124 97
Investments 64 6 69 4 70 259 152 675 491 641 724 931 1,424
877 732 870 927 636 633 766 812 1,258 1,180 1,574 2,110 1,909
Total Assets 2,383 3,103 3,538 3,328 3,478 3,596 3,608 4,522 5,290 6,555 7,625 8,920 9,214

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
13 91 137 260 405 565 560 879 558 475 774 1,762
-602 -794 -332 -14 -34 -262 40 -1,115 -395 -1,282 -874 -948
706 589 173 -240 -373 -289 -507 140 -148 784 103 -787
Net Cash Flow 117 -114 -22 6 -2 14 93 -97 15 -22 3 27

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 8 9 10 20 20
Inventory Days 77 87 98 102 83 94 94 78 133 106 110 105
Days Payable 67 55 71 65 47 57 61 62 102 110 111 84
Cash Conversion Cycle 50 62 62 62 57 53 47 24 40 7 19 40
Working Capital Days 12 22 19 35 -15 -16 -15 -11 12 47 51 50
ROCE % 6% 3% 1% 5% 10% 13% 17% 23% 21% 10% 16% 28%

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.

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