JK Paper Ltd
NSE: JKPAPER BSE: 532162
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]
₹372
52W: ₹305 — ₹445
PE 30.1 · Book ₹288 · +29% vs bookMarket Cap₹6,743 Cr
Stock P/E30.1Price to Earnings
ROCE8.72%Return on Capital
ROE7.03%Return on Equity
Div. Yield1.31%Face Value ₹10
Strengths
- +Company has been maintaining a healthy dividend payout of 18.2%
- +Promoter holding has increased by 3.31% over last quarter.
Shareholding Pattern
Promoters52.94%
FIIs11.59%
DIIs6.15%
Public29.32%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 49.64% | 49.64% | 49.64% | 49.64% | 49.63%▼0.0 | 49.63% | 49.63% | 52.94%▲3.3 |
| FIIs | 12.09% | 11.37%▼0.7 | 12.18%▲0.8 | 11.86%▼0.3 | 11.76%▼0.1 | 11.5%▼0.3 | 12.07%▲0.6 | 11.59%▼0.5 |
| DIIs | 5.71% | 5.81%▲0.1 | 5.55%▼0.3 | 5.5%▼0.0 | 5.47%▼0.0 | 5.58%▲0.1 | 5.86%▲0.3 | 6.15%▲0.3 |
| Public | 32.56% | 33.19%▲0.6 | 32.62%▼0.6 | 33%▲0.4 | 33.14%▲0.1 | 33.29%▲0.1 | 32.43%▼0.9 | 29.32%▼3.1 |
Financial Statements
| Metric | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,453 | 1,512 | 1,500 | 1,479 | 1,424 | 1,390 | 1,439 | 1,360 | 1,421 | 1,343 |
| Expenses | 1,126 | 1,203 | 1,190 | 1,267 | 1,201 | 1,250 | 1,253 | 1,157 | 1,256 | 1,230 |
| Operating Profit | 327 | 309 | 310 | 212 | 222 | 140 | 186 | 203 | 165 | 113 |
| OPM % | 23% | 20% | 21% | 14% | 16% | 10% | 13% | 15% | 12% | 8% |
| Net Profit | 237 | 204 | 230 | 109 | 121 | 61 | 74 | 73 | 57 | 13 |
| EPS ₹ | 14.02 | 12.06 | 13.56 | 6.44 | 7.14 | 3.61 | 4.37 | 4.28 | 3.34 | 0.75 |
AI Insights
Revenue Trend
TTM revenue at ₹5,563Cr, down 2.9% YoY. OPM at 12%.
Debt Position
Borrowings at ₹1,792Cr. Debt-to-equity ratio: 0.38x. Healthy balance sheet.
Capex Cycle
CWIP at ₹343Cr (9% of fixed assets). Moderate ongoing capital expenditure.
Institutional Flow
DIIs: 6.15% (+3.04pp change). FIIs: 11.59% (+1.13pp change). Promoters hold 52.94%.
Margin & Efficiency
ROCE improving from 0% (Mar 2014) to 9% (Mar 2025). Working capital days: 24.
Valuation
PE 30.1x with 8.72% ROCE. Price is 29% above book value of ₹288. Dividend yield: 1.31%.
Recent Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 11 May
- Announcement under Regulation 30 (LODR)-Change in Management 9 May - Secretarial Auditor Shri Namo Narain Agarwal resigned effective ensuing Board Meeting, citing health issues.
- Board Meeting Intimation for Board Meeting To Be Held On 18Th May 2026 8 May - Board meeting on 18 May 2026 to approve FY26 audited results and consider dividend.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 6 Apr
- Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015 30 Mar - Hardwood BCTMP plant commissioning delayed from Q4 FY2025–26 to Q1 FY2026–27; erection advanced.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse