Jk Paper Limited (JKPAPER)

Loading page…

Jk Paper Limited (JKPAPER) · mywealthgrid

About

JK Paper manufactures paper and paper products in Materials sector. Market cap ₹6,887.59 Cr, recent consolidated quarterly revenues ₹1.8–₹2 Cr; serves domestic market across commodity and specialty grades.

Face value: ₹10

Market cap

₹6,937 Cr

P/E

21.4×

P/B

1.3×

Dividend yield

ROE

4.9%

ROCE

7.4%

Debt / equity

0.44

OPM

13.1%

EPS (TTM)

₹17.9

Book value

₹304.5

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Margin volatility 8.43%–15.35% signals exposure to commodity input costs or demand cycles
ROE 4.87% indicates poor capital efficiency relative to deployed equity
PE 21.24 valuation requires sustained earnings growth; verify earnings sustainability
Pulp and waste-paper are global commodities; verify hedging practices and pricing power

Generated analysis · source review pending

Growth drivers

Margin recovery from 8.43% (Dec 2025) to 15.35% (Jun 2026) amplifies profit per unit of revenue; verify if driven by structural cost reduction or pricing sustainability
EPS rebound from 0.75 (Dec 2025) to 7.18 (Jun 2026) indicates cyclical recovery; researcher should verify underlying drivers and sustainability
Packaging demand growth in e-commerce and FMCG: verify JK Paper's market exposure and corresponding margin profiles

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹382.6-2.2%1Y

Quick read

rule-based

Pros

+Revenue CAGR of 20.8% over the last 5 years

Cons

No red flags triggered.

Research score

Structured signal from quality, growth, valuation and momentum.

47/100

Business quality: 25
Growth: 43
Valuation: 74

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY MICROCAP 250 NIFTY TOTAL MARKET

Screen this industry

Loading peers…

Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	2,764	2,877	3,257	3,060	2,751	3,969	6,437	6,659	6,718	7,076
COGS	1,486	1,528	1,627	1,364	1,318	1,730	2,850	3,452	4,079	4,372
Gross profit	1,278	1,349	1,629	1,696	1,432	2,239	3,587	3,207	2,639	2,704
	761	731	761	825	871	1,242	1,575	1,591	1,711	1,779
	517	618	868	871	562	997	2,012	1,616	928	926
OPM %	18.7%	21.5%	26.7%	28.5%	20.4%	25.1%	31.3%	24.3%	13.8%	13.1%
Depreciation	121	122	128	149	174	193	282	310	332	377
Interest	188	143	124	129	129	132	222	208	178	225
	35	23	50	104	111	124	139	227	108	43
Profit before tax	244	375	666	696	370	797	1,646	1,325	527	366
Tax	—	—	—	228	133	253	438	191	115	93
Tax %	—	—	—	32.7%	36.1%	31.7%	26.6%	14.5%	21.8%	25.3%
	174	261	425	468	237	544	1,208	1,133	412	274
PAT margin %	6.3%	9.1%	13.1%	15.3%	8.6%	13.7%	18.8%	17%	6.1%	3.9%
EPS (₹)	—	—	—	26.3	13.7	32	70.6	66.2	24.2	14.7
EPS adjusted (₹)	11.2	14.9	24	26.7	14.2	32	70.6	66.2	24.2	14.7
	—	—	—	15.2%	29.1%	17.2%	11.3%	12.8%	20.7%	27.3%
Annual report	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	137	156	176	178	178	169	169	169	169	169	181
Reserves	863	1,165	1,468	1,860	2,187	2,347	2,827	3,865	4,900	5,238	5,339
Minority interest	—	—	—	—	—	5	6	131	142	248	266
	1,814	1,427	1,048	1,305	1,545	2,769	3,068	2,803	2,204	1,885	2,436
	760	848	918	1,179	1,380	1,265	1,555	1,952	1,912	2,007	2,316
Total equity & liabilities	3,573	3,596	3,608	4,522	5,290	6,555	7,625	8,920	9,328	9,548	10,538
	2,766	2,636	2,604	2,653	3,088	2,976	5,226	5,703	5,793	6,205	6,459
CWIP	28	16	34	314	399	1,702	42	119	61	92	420
Investments	20	259	152	675	491	695	778	983	1,210	662	589
	761	685	819	880	1,312	1,182	1,577	2,114	2,263	2,589	3,071
Total assets	3,573	3,596	3,608	4,522	5,290	6,555	7,625	8,920	9,328	9,548	10,538

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Paper and Packaging	6,890.28	519.17	9,788.87	4,637.26	5,151.61	10.08
Others	192.17	27.95

Loading financials…

Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	50%	55.4%	52.1%	56.4%	55.7%	48.2%	39.3%	38.2%
EBITDA margin %	26.7%	28.5%	20.4%	25.1%	31.3%	24.3%	13.8%	13.1%
EBIT margin %	22.7%	23.6%	14.1%	20.3%	26.9%	19.6%	8.9%	7.7%
PAT margin %	13.1%	15.3%	8.6%	13.7%	18.8%	17%	6.1%	3.9%
Working capital
Receivable days	8	9	10	20	20	20	23	28
Inventory days	78	133	106	110	105	100	112	113
Payable days	—	—	110	111	84	72	67	71
NWC days	—	—	7	19	40	48	68	69
Leverage
Current ratio	1.67	1.39	1.41	1.56	1.66	2.07	1.87	1.37
Debt to EBITDA	1.5	1.77	4.93	3.08	1.39	1.36	2.03	2.64
Debt to equity	0.64	0.65	1.1	1.02	0.69	0.43	0.35	0.44
Interest coverage	6.4	6.4	3.9	7	8.6	7.4	4	2.7
Asset turnover	0.72	0.58	0.42	0.52	0.72	0.71	0.7	0.67
Return ratios
Return on assets %	9.4%	8.9%	3.6%	7.1%	13.5%	12.1%	4.3%	2.6%
Return on capital employed %	24.3%	20.8%	10.3%	15.8%	27.9%	20.2%	8.9%	7.4%
Return on equity %	20.8%	19.8%	9.4%	18.2%	30%	22.4%	7.6%	5%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

Loading ratios…

Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	49.63%	49.63%	49.63%	49.63%	49.63%	49.63%	49.63%	49.63%	49.63%	49.63%	52.94%	52.94%
	10.9%	10.75%	9.26%	12.09%	11.37%	12.19%	11.86%	11.76%	11.5%	12.07%	11.59%	11.4%
	3.18%	3.37%	3.72%	5.72%	5.81%	5.55%	5.51%	5.47%	5.57%	5.86%	6.14%	6.27%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	36.29%	36.25%	37.39%	32.56%	33.19%	32.63%	33%	33.14%	33.3%	32.44%	29.33%	29.39%
No. of shareholders	—	—	—	—	—	—	—	—	1,42,622	1,36,067	1,31,792	1,30,169

Promoter holding up 3.31 percentage points since Sep 2023.

15 deals · 11 Mar 2022 – 25 Aug 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
25 Aug 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	13,69,348	₹400.05	₹54.78 Cr
25 Aug 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	13,69,348	₹399.67	₹54.73 Cr
2 Jul 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	16,20,514	₹591.33	₹95.83 Cr
2 Jul 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	16,20,514	₹591.67	₹95.88 Cr
2 Jul 2024	QE SECURITIES LLP	Bulk	NSE	Sell	13,91,009	₹609.53	₹84.79 Cr
2 Jul 2024	QE SECURITIES LLP	Bulk	NSE	Buy	13,35,513	₹604.00	₹80.66 Cr
2 Jul 2024	HRTI PRIVATE LIMITED	Bulk	NSE	Buy	10,89,783	₹598.96	₹65.27 Cr
2 Jul 2024	HRTI PRIVATE LIMITED	Bulk	NSE	Sell	9,62,271	₹605.75	₹58.29 Cr
2 Jul 2024	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	9,46,858	₹610.70	₹57.82 Cr
2 Jul 2024	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	9,46,858	₹611.02	₹57.85 Cr

1–10 of 15

1 / 2

Mr. HARSH PATI SINGHANIAExecutive Director-Chairperson-CEO-MD
Mr. BHARAT ANANDNon-Executive - Independent Director
Mrs. DEEPA GOPALAN WADHWANon-Executive - Independent Director
Mr. HARSHAVARDHAN NEOTIANon-Executive - Independent Director
Mr. RAJYA VARDHAN KANORIANon-Executive - Non Independent Director
Mr. SUSHIL KUMAR ROONGTANon-Executive - Independent Director
Ms. VINITA SINGHANIANon-Executive - Non Independent Director
Mr. SANDIP SOMANYNon-Executive - Non Independent Director
Mr. AMAR SINGH MEHTAExecutive Director
Mr. Amit DalalNon - Executive Independent Director
Mr. Veerappan K.RChief Financial Officer

Loading shareholding…

F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

Loading f&o…

Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 3 fund houses

Held by these funds

0.17%

of the company's equity

All mutual funds

5.75%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

4 schemes · 3 fund houses

		Shares
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	2 L	7.94	0.32%	0.111%	-4,389
CHILDRENS FUND	Tata Mutual Fund	1 L	3.96	1.2%	0.055%	-0
IB18-Groww Nifty Total Market Index Fund	Groww Mutual Fund	1,372	0.05	0.01%	0.001%	+6
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	231	0.01	0.01%	0%	-0

Loading fund holders…

Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Loading documents…

Events

Upcoming dates and the company’s corporate-action history.

Loading events…

Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

88 announcementsExport CSV

22 Sept 2026, 5:25 pmCompany Update

Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015

General PDF

Loading announcements…

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	50%	55.4%	52.1%	56.4%	55.7%	48.2%	39.3%	38.2%
EBITDA margin %	26.7%	28.5%	20.4%	25.1%	31.3%	24.3%	13.8%	13.1%
EBIT margin %	22.7%	23.6%	14.1%	20.3%	26.9%	19.6%	8.9%	7.7%
PAT margin %	13.1%	15.3%	8.6%	13.7%	18.8%	17%	6.1%	3.9%
Working capital
Receivable days	8	9	10	20	20	20	23	28
Inventory days	78	133	106	110	105	100	112	113
Payable days	—	—	110	111	84	72	67	71
NWC days	—	—	7	19	40	48	68	69
Leverage
Current ratio	1.67	1.39	1.41	1.56	1.66	2.07	1.87	1.37
Debt to EBITDA	1.5	1.77	4.93	3.08	1.39	1.36	2.03	2.64
Debt to equity	0.64	0.65	1.1	1.02	0.69	0.43	0.35	0.44
Interest coverage	6.4	6.4	3.9	7	8.6	7.4	4	2.7
Asset turnover	0.72	0.58	0.42	0.52	0.72	0.71	0.7	0.67
Return ratios
Return on assets %	9.4%	8.9%	3.6%	7.1%	13.5%	12.1%	4.3%	2.6%
Return on capital employed %	24.3%	20.8%	10.3%	15.8%	27.9%	20.2%	8.9%	7.4%
Return on equity %	20.8%	19.8%	9.4%	18.2%	30%	22.4%	7.6%	5%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Jk Paper LimitedJKPAPERJKPAPER	₹6,937 Cr	₹9,373 Cr	₹7,365 Cr	₹968 Cr	13.1%	₹324 Cr	3.9%	7.4%	4.9%	69
West Coast Paper Mills LimitedWSTCSTPAPRWSTCSTPAPR	₹4,802 Cr	₹5,116 Cr	₹4,389 Cr	₹505 Cr	9.7%	₹237 Cr	3.6%	6%	4.4%	106
Seshasayee Paper And Boards LimitedSESHAPAPERSESHAPAPER	₹1,491 Cr	₹1,491 Cr	₹1,817 Cr	₹119 Cr	5.6%	₹99 Cr	4.8%	4.6%	4.1%	79
Andhra Paper LimitedANDHRAPAPANDHRAPAP	₹1,419 Cr	₹1,652 Cr	₹1,702 Cr	₹82 Cr	4%	₹28 Cr	1.1%	2%	1%	68
N R Agarwal Industries LimitedNRAILNRAIL	₹1,121 Cr	₹1,910 Cr	₹2,340 Cr	₹232 Cr	8.1%	₹62 Cr	2%	8.8%	5.5%	44
Tamil Nadu Newsprint & Papers LimitedTNPLTNPL	₹1,022 Cr	₹2,620 Cr	₹4,649 Cr	₹494 Cr	10.4%	₹261 Cr	5.3%	7%	11.3%	-31
Pudumjee Paper Products LimitedPDMJEPAPERPDMJEPAPER	₹907 Cr	₹930 Cr	₹814 Cr	₹125 Cr	15.3%	₹91 Cr	11.6%	17.8%	14.9%	91
Emami Paper Mills LimitedEMAMIPAPEMAMIPAP	₹707 Cr	₹1,524 Cr	₹2,008 Cr	₹241 Cr	10.3%	₹94 Cr	3.2%	14%	9.8%	107
Satia Industries LimitedSATIASATIA	₹683 Cr	₹982 Cr	₹1,443 Cr	₹119 Cr	9.1%	₹-8 Cr	2.8%	4.6%	3.8%	110
Kuantum Papers LimitedKUANTUMKUANTUM	₹670 Cr	₹1,530 Cr	₹1,174 Cr	₹162 Cr	14.8%	₹36 Cr	3.8%	5.4%	3.4%	77
Shree Rama Newsprint LimitedRAMANEWSRAMANEWS	₹433 Cr	₹810 Cr	₹33 Cr	₹-2 Cr	0.7%	₹-69 Cr	-209.4%	0.8%	—	-50
Orient Paper & Industries LimitedORIENTPPRORIENTPPR	₹344 Cr	₹631 Cr	₹895 Cr	₹-32 Cr	-4.2%	₹-71 Cr	-3.2%	-4.2%	-1.9%	32

Date	Category	Subject	Filing
22 Sept 2026, 5:25 pm	Company Update General	Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015	PDF
16 Sept 2026, 5:59 pm	Company Update Credit Rating	Announcement under Regulation 30 (LODR)-Credit Rating	PDF
9 Sept 2026, 5:42 pm	Company Update Acquisition	Announcement under Regulation 30 (LODR)-Updates on Acquisition	PDF
3 Sept 2026, 11:55 am	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
2 Sept 2026, 9:31 pm	Company Update Change in Management	Announcement under Regulation 30 (LODR)-Change in Management	PDF
2 Sept 2026, 4:23 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
1 Sept 2026, 2:17 pm	Company Update Appointment of Company Secretary / Compliance Officer	Appointment of Company Secretary and Compliance Officer	PDF
7 Aug 2026, 12:32 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	565	560	879	636	475	774	1,762	1,376	613	773
	-262	40	-1,115	-298	-1,282	-874	-967	-411	-2	-836
	-289	-507	140	-323	784	103	-768	-937	-647	197
Net cash flow	—	—	—	—	-23	3	27	28	-36	133
Free cash flow	495	471	232	170	-698	-80	1,538	1,136	360	270
CFO / Operating profit %	109.2%	90.6%	101.2%	73%	84.6%	77.6%	87.6%	85.2%	66.1%	83.6%

Jk Paper Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Announcements

Not in the F&O segment

Announcements

Annual reports

Credit ratings

20

1

Segment results

Compounded sales growth

Compounded profit growth

Return on equity

Others · revenue

Jk Paper Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Announcements

Ratio timeline

Not in the F&O segment

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Credit ratings

Dividends20

Board meetings1

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Others · revenue

20

1