JK Paper Ltd

₹ 304 2.87%
01 Jul - 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 5,153 Cr.
  • Current Price 304
  • High / Low 387 / 192
  • Stock P/E 9.50
  • Book Value 177
  • Dividend Yield 1.31 %
  • ROCE 16.3 %
  • ROE 19.6 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 20.14%

Cons

  • The company has delivered a poor sales growth of 8.59% over past five years.
  • Company might be capitalizing the interest cost

* 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

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
713 791 821 736 469 638 745 898 661 944 1,024 1,340
476 563 590 559 407 523 590 670 470 725 772 1,004
Operating Profit 237 227 231 176 63 116 155 228 190 220 251 336
OPM % 33% 29% 28% 24% 13% 18% 21% 25% 29% 23% 25% 25%
19 25 29 31 27 22 26 37 34 35 33 22
Interest 32 33 31 33 35 32 33 28 33 37 29 32
Depreciation 36 36 40 37 42 45 44 44 43 45 45 60
Profit before tax 188 183 188 137 13 61 103 194 148 173 210 266
Tax % 34% 34% 30% 32% 79% 45% 37% 30% 30% 31% 28% 36%
Net Profit 127 124 132 93 4 35 66 136 104 118 150 170
EPS in Rs 7.13 6.94 7.40 5.20 0.20 1.99 3.89 8.02 6.14 6.99 8.87 10.04

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
1,233 1,330 1,459 1,738 2,160 2,437 2,629 2,844 3,257 3,060 2,751 3,969
974 1,179 1,320 1,597 1,902 2,042 2,112 2,226 2,388 2,189 2,188 2,971
Operating Profit 259 151 139 141 259 396 517 618 868 871 563 997
OPM % 21% 11% 10% 8% 12% 16% 20% 22% 27% 28% 20% 25%
13 25 26 -5 3 7 35 22 50 104 111 124
Interest 51 51 54 129 205 195 188 143 124 129 129 132
Depreciation 72 74 74 127 116 118 121 122 128 149 174 193
Profit before tax 148 51 38 -119 -60 89 244 375 666 696 370 797
Tax % 28% 6% 0% 37% 69% 32% 28% 31% 36% 33% 36% 32%
Net Profit 107 49 38 -75 -18 56 172 261 427 475 240 543
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
Dividend Payout % 17% 42% 180% 0% 0% 13% 14% 17% 15% 15% 28% 17%
Compounded Sales Growth
10 Years: 12%
5 Years: 9%
3 Years: 7%
TTM: 44%
Compounded Profit Growth
10 Years: 28%
5 Years: 28%
3 Years: 9%
TTM: 142%
Stock Price CAGR
10 Years: 24%
5 Years: 27%
3 Years: 32%
1 Year: 39%
Return on Equity
10 Years: 13%
5 Years: 18%
3 Years: 16%
Last Year: 20%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
78 137 137 137 137 149 156 176 226 229 224 169
Reserves 511 714 739 664 639 954 1,150 1,468 1,860 2,156 2,316 2,827
538 1,094 1,784 2,248 2,104 1,892 1,698 1,310 1,515 1,731 2,736 3,137
334 439 443 491 448 485 592 656 969 1,225 1,334 1,492
Total Liabilities 1,461 2,383 3,103 3,538 3,328 3,478 3,596 3,608 4,522 5,290 6,555 7,625
896 858 824 2,577 2,370 2,752 2,688 2,654 2,706 3,142 3,031 5,284
CWIP 25 584 1,541 23 27 20 16 37 329 400 1,704 42
Investments 74 64 6 69 4 70 259 152 675 491 641 724
467 877 732 870 927 636 633 766 812 1,258 1,180 1,574
Total Assets 1,461 2,383 3,103 3,538 3,328 3,478 3,596 3,608 4,522 5,290 6,555 7,625

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
272 13 91 137 260 405 565 560 879 558 475 774
-142 -602 -794 -332 -14 -34 -262 40 -1,115 -395 -1,282 -874
-107 706 589 173 -240 -373 -289 -507 140 -148 784 103
Net Cash Flow 23 117 -114 -22 6 -2 14 93 -97 15 -22 3

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 8 9 10 20
Inventory Days 74 77 87 98 102 83 94 94 78 133 106 110
Days Payable 67 67 55 71 65 47 57 61 62 102 110 111
Cash Conversion Cycle 39 50 62 62 62 57 53 47 24 40 7 19
Working Capital Days 6 12 22 19 35 -15 -16 -15 -11 12 14 108
ROCE % 19% 6% 3% 1% 5% 10% 14% 17% 24% 21% 10% 16%

Shareholding Pattern

Numbers in percentages

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
48.40 48.40 48.40 48.89 49.36 51.11 51.44 51.44 51.44 49.52 49.52 49.63
6.61 6.46 7.14 6.96 5.78 5.54 4.73 4.47 4.73 4.59 3.89 3.53
1.59 1.01 0.85 0.80 0.80 0.24 0.25 0.78 1.53 1.89 2.52 3.50
43.40 44.14 43.61 43.36 44.06 43.11 43.58 43.31 42.30 44.00 44.07 43.34

Documents

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