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JK Paper

JKPAPER NSE
₹368.30 +2.00 (+0.55%)
P/E
20.58
View as Markdown
MCP
Close 4 Nov 2026 ₹368.30 −16.05 −4.18% 1Y
Start ₹384.35

Key Fundamentals

MicrocapPaper, Forest & Jute ProductsForest Materials

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
7.39%
Debt to Equity
0.47
EPS (TTM)
₹17.90
Book Value
₹312.30
Market Cap
—
P/E (TTM)
20.58
P/B
1.18
ROE
4.77%
Dividend Yield
1.09%
EBITDA
₹984 Cr
52W High
₹442.00
52W Low
₹304.85
Day Range
₹365.50 – ₹369.90
Volume
2,15,440

Peer Comparison

Commodities › Forest Materials › Paper & Paper Products

JK Paper peer comparison
JK Paper (this company)
₹368.3020.58₹6,706 Cr1.181.09%4.77%7.39%₹7,319 Cr₹328 Cr
West Coast Paper Mills
₹829.7023.86₹5,327 Cr1.520.37%4.25%6.17%₹4,375 Cr₹238 Cr
Seshasayee Paper & Boards
₹217.9913.88₹1,302 Cr0.650.97%4.10%5.60%₹1,817 Cr₹99 Cr
Andhra Paper
₹64.1146.12₹1,267 Cr0.650.79%−1.66%0.04%₹1,702 Cr₹28 Cr
N R Agarwal Industries
₹669.4018.33₹1,174 Cr1.400.28%6.04%8.49%₹2,340 Cr₹62 Cr
Tamil Nadu Newsprint & Papers
₹139.903.71₹929 Cr0.422.97%11.20%6.41%₹4,649 Cr₹261 Cr
Pudumjee Paper Products
₹87.649.14₹830 Cr1.150.69%12.80%18.10%₹814 Cr₹92 Cr
Median 7 companies₹217.9918.33₹1,267 Cr1.150.79%4.77%6.41%₹2,340 Cr₹99 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

55 Good

Data confidence 100/100

Category scores

Quality
58
Good
Returns, margins, earnings quality 22% weight
Valuation
74
Strong
Cheap vs sector & own history 24% weight
Growth
39
Weak
Sales & profit trajectory 9% weight
Financial Health
30
Poor
Solvency, leverage, coverage 9% weight
Momentum
46
Average
Trend strength, vol-adjusted 12% weight
Ownership
48
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

2
  • Company has been maintaining a healthy dividend payout of 20.3%
  • Company's working capital requirements have reduced from 29.4 days to 13.9 days

Weaknesses

1
  • Company has a low return on equity of 10.9% over last 3 years.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1171
OscillatorsBearish270
Moving AveragesStrong Bearish901

Key readings

RSI (14)
44.11
Neutral
MACD (12,26,9)
−6.26
Bearish
SMA (50)
393.74
Bearish
SMA (200)
366.27
Bullish

As of

Analyst Rating

Based on 2 analysts
BUY100%

2 of 2 analysts rate Buy, 0 Hold, 0 Sell.

As of

BUY
2
100%
HOLD
0
0%
SELL
0
0%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+11.25%
5Y+20.80%
3Y+3.21%
1Y+6.21%
TTM+10.01%

Net profit

Net profit growth by window
10Y+17.21%
5Y+2.94%
3Y−39.01%
1Y−33.17%
TTM−4.93%

Operating cash flow

Operating cash flow growth by window
10Y+6.68%
5Y+10.23%
3Y−24.02%
1Y+20.22%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y−3.19 pp
5Y−7.41 pp
3Y−18.20 pp
1Y−0.88 pp
TTM−0.32 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹2,629 Cr
Mar 2018₹2,844 Cr
Mar 2019₹3,257 Cr
Mar 2020₹3,060 Cr
Mar 2021₹2,751 Cr
Mar 2022₹3,969 Cr
Mar 2023₹6,437 Cr
Mar 2024₹6,659 Cr
Mar 2025₹6,662 Cr
Mar 2026₹7,076 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹172 Cr
Mar 2018₹261 Cr
Mar 2019₹425 Cr
Mar 2020₹468 Cr
Mar 2021₹237 Cr
Mar 2022₹544 Cr
Mar 2023₹1,208 Cr
Mar 2024₹1,133 Cr
Mar 2025₹410 Cr
Mar 2026₹274 Cr

Analyst Forecasts

Forecast For
FY27 consensus · EBITDA
₹1,376 Cr +39.8% vs FY26
Reported High Mean Low

AI Analysis — Bull vs Bear

Generated 31 Jul 2026
AI opinion · based on fundamentals
Risk high

JK Paper Ltd trades at a market cap of ₹6,867 Cr with a PE of 21x and PB of 1.24x. The company has delivered strong long-term sales growth (10-year CAGR of 11%) but recent profitability has deteriorated with TTM profit declining 4% and last year ROE falling to 5%, well below its 5-year average of 16%.

Bull Case 6
  • Strong long-term sales CAGR of 11% over 10 years demonstrates consistent revenue growth in the forest materials sector
  • 10-year stock price CAGR of 21% reflects significant long-term value creation for shareholders
  • 5-year compounded sales growth of 21% indicates successful capacity expansion and market share gains
  • Consistent dividend payout of 20.3% with a current yield of 1.32% provides regular income to shareholders
  • 5-year compounded profit growth of 4% shows the company remains profitable through business cycles
  • TTM sales growth of 10% indicates recovery momentum in top-line performance
Bear Case 8
  • 3-year compounded profit CAGR of -39% signals a severe earnings decline over the medium term
  • Last year ROE collapsed to 5% from a 5-year average of 16%, indicating sharp deterioration in capital efficiency
  • TTM profit growth of -4% shows earnings contraction continues into the most recent period
  • 3-year ROE average of 11% is below the 5-year and 10-year averages of 16%, confirming a structural decline in returns
  • PE of 21x appears elevated relative to the declining earnings trajectory and single-digit ROE of 5%
  • 3-year sales CAGR of only 3% suggests top-line momentum has slowed significantly from the 5-year rate of 21%
  • 3-year stock CAGR of just 4% reflects limited price appreciation during the recent earnings downcycle
  • Forest materials sector faces cyclical pricing pressures which have compressed margins as evidenced by profit declining while sales grew 10% TTM

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

94d ago

TL;DR: JK Paper delivered a strong Q1FY26 with consolidated profit up 48% YoY and EBITDA expanding 18%, reflecting improved volumes and product mix. No material headwinds emerged this quarter. Board reconstitution with one resignation and one appointment is routine. The earnings momentum is positive, and sustained volume growth with margin expansion suggests an improving trend heading into FY26.

Positives 2
  • Q1FY26 profit surges 48% YoY Jul 27

    Consolidated net profit rose 48% YoY to ₹136.27 crore in Q1FY26, with EBITDA up 18% to ₹320.90 crore, driven by higher volumes and enriched product mix.

  • Standalone profit up 48% YoY Jul 27

    Standalone net profit jumped 48% YoY to ₹113.00 crore for Q1FY26, supported by volume growth and better product mix.

Neutral 2
  • Independent director Anoop Seth resigns Jul 27

    Anoop Seth resigned as Independent Director effective July 27, 2026, also stepping down from Audit and Stakeholders committees.

  • Amit Dalal appointed as director Jul 27

    Amit Dalal appointed as Additional Independent Director for five years effective July 27, 2026, subject to shareholder approval.

Quarterly Results

₹ Cr
JKPAPER quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
1,584
1,650
1,706
1,719
1,714
1,683
1,632
1,677
1,661
1,749
1,717
1,966
1,887
1,939
Expenses
1,107
1,243
1,334
1,360
1,433
1,419
1,464
1,460
1,411
1,525
1,541
1,689
1,597
1,656
Operating Profit
477
407
372
359
280
264
168
218
250
224
176
277
290
283
OPM %
30%
25%
22%
21%
16%
16%
10%
13%
15%
13%
10%
14%
15%
15%
Other Income
55
59
56
57
29
32
22
12
23
20
3
0
31
—
Interest
51
42
80
35
36
68
24
50
67
51
47
60
40
54
Depreciation
80
84
83
63
80
82
83
86
89
91
97
100
99
103
PBT
401
341
265
318
193
145
83
93
116
101
34
117
182
145
Tax %
22%
10%
11%
13%
27%
11%
21%
29%
28%
23%
34%
23%
26%
29%
Net Profit
313
306
236
279
141
129
65
67
84
78
24
90
136
103
EPS (₹)
18.22
17.85
13.88
16.27
8.25
7.59
3.86
4
4.67
4.41
1.24
5.07
7.18
—

Sep 2026: from the results filed on 2 Nov 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
JKPAPER profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
2,160
2,437
2,629
2,844
3,257
3,060
2,751
3,969
6,437
6,659
6,662
7,076
7,319
Expenses
1,902
2,042
2,112
2,226
2,388
2,189
2,188
2,971
4,425
5,044
5,733
6,152
6,352
Operating Profit
259
396
517
618
868
871
563
997
2,012
1,616
929
924
967
OPM %
12%
16%
20%
22%
27%
28%
20%
25%
31%
24%
14%
13%
13%
Other Income
3
7
35
22
50
104
111
124
139
227
97
43
53
Interest
205
195
188
143
124
129
129
132
222
208
178
225
198
Depreciation
116
118
121
122
128
149
174
193
282
310
332
377
387
PBT
−60
89
244
375
666
696
370
797
1,646
1,325
517
364
435
Tax %
−69%
32%
28%
31%
36%
33%
36%
32%
27%
14%
21%
25%
—
Net Profit
−18
56
172
261
425
468
237
544
1,208
1,133
410
274
327
EPS (₹)
−1.35
3.77
11.02
14.85
23.97
26.67
14.16
32.03
70.59
66.22
24.13
14.66
17.9
Div. Payout %
0%
13%
14%
17%
15%
15%
28%
17%
11%
13%
21%
27%
—

Balance Sheet

₹ Cr
JKPAPER balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
137
149
156
176
178
178
169
169
169
169
169
181
Reserves
639
954
1,165
1,468
1,860
2,187
2,347
2,827
3,865
4,900
5,203
5,339
Borrowings
2,104
1,892
1,698
1,310
1,563
1,782
2,790
3,137
2,803
2,204
1,885
2,578
Other Liabilities
448
485
577
656
921
1,143
1,249
1,492
2,083
2,053
2,144
2,433
Total Liabilities
3,328
3,478
3,596
3,608
4,522
5,290
6,555
7,625
8,920
9,326
9,401
10,531
Fixed Assets
2,370
2,752
2,688
2,654
2,706
3,142
3,031
5,280
5,756
5,846
6,255
6,511
CWIP
27
20
16
37
329
400
1,704
46
124
66
99
421
Investments
4
70
259
152
675
491
641
724
931
1,158
556
537
Other Assets
927
636
633
766
812
1,258
1,180
1,574
2,110
2,256
2,491
3,062
Total Assets
3,328
3,478
3,596
3,608
4,522
5,290
6,555
7,625
8,920
9,326
9,401
10,531

Cash Flow

₹ Cr
JKPAPER cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
260
405
565
560
879
558
475
774
1,762
1,376
643
773
Investing
−14
−34
−262
40
−1,115
−395
−1,282
−874
−948
−410
−28
−814
Financing
−240
−373
−289
−507
140
−148
784
103
−787
−938
−656
175
Net Cash Flow
6
−2
14
93
−97
15
−22
3
27
28
−40
133
Free Cash Flow
171
367
506
472
406
−163
−696
−53
1,552
1,140
396
282
CFO/EBITDA
100
108
118
102
117
79
98
91
100
101
83
98

Ratios

JKPAPER financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
25
21
15
14
8
9
10
20
20
20
24
28
Inventory Days
102
83
94
94
78
133
106
110
105
100
109
113
Days Payable
65
47
57
61
62
102
110
111
84
72
66
71
Cash Conversion Cycle
62
57
53
47
24
40
7
19
40
48
66
69
Working Capital Days
−7
−34
−34
−24
−13
−3
−10
8
12
30
45
14
ROCE %
5%
10%
13%
17%
23%
21%
10%
16%
28%
20%
9%
7%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view JK Paper insights

64 extracted metrics across FY11–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 52.94%
  • Public 16.90%
  • Others 13.03%
  • FIIs 11.67%
  • DIIs 5.46%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about JK Paper

What does JK Paper Ltd do?
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.
Where is JK Paper Ltd (JKPAPER) listed?
JK Paper Ltd trades as JKPAPER on the NSE and under code 532162 on the BSE.
Which sector does JK Paper Ltd belong to?
JK Paper Ltd is classified under the Forest Materials sector, in the Paper & Paper Products industry.
What is the PE ratio of JK Paper Ltd?
JK Paper Ltd trades at a PE ratio of 20.58 as of 4 Nov 2026, on earnings per share of ₹17.9, against a book value of ₹312.3 per share.
What is the 52-week high and low of JK Paper Ltd?
Over the last 52 weeks JK Paper Ltd has traded between ₹304.85 and ₹442 as of 4 Nov 2026.
Does JK Paper Ltd pay dividends?
JK Paper Ltd has a dividend yield of 1.09%.
What is the Return on Equity (ROE) of JK Paper Ltd?
JK Paper Ltd reported a return on equity of 4.77%. Its debt-to-equity ratio is 0.47.

Company Information

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.

Website jkpaper.com
CEO Mr. Harsh Pati Singhania
Employees 2,854
Listed 16 Jun 2005
Face Value ₹10

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