Price
Financials
Consolidated, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,650 | 1,706 | 1,719 | 1,714 | 1,683 | 1,632 | 1,677 | 1,661 | 1,749 | 1,717 | 1,966 | 1,887 |
| Expenses | 1,243 | 1,334 | 1,360 | 1,433 | 1,419 | 1,464 | 1,460 | 1,411 | 1,525 | 1,541 | 1,689 | 1,597 |
| Operating Profit | 407 | 372 | 359 | 280 | 264 | 168 | 218 | 250 | 224 | 176 | 277 | 290 |
| OPM % | 25% | 22% | 21% | 16% | 16% | 10% | 13% | 15% | 13% | 10% | 14% | 15% |
| Other Income | 59 | 56 | 57 | 29 | 32 | 22 | 12 | 23 | 20 | 3 | -0 | 31 |
| Interest | 42 | 80 | 35 | 36 | 68 | 24 | 50 | 67 | 51 | 47 | 60 | 40 |
| Depreciation | 84 | 83 | 63 | 80 | 82 | 83 | 86 | 89 | 91 | 97 | 100 | 99 |
| Profit before tax | 341 | 265 | 318 | 193 | 145 | 83 | 93 | 116 | 101 | 34 | 117 | 182 |
| Tax % | 10% | 11% | 13% | 27% | 11% | 21% | 29% | 28% | 23% | 34% | 23% | 26% |
| Net Profit | 306 | 236 | 279 | 141 | 129 | 65 | 67 | 84 | 78 | 24 | 90 | 136 |
| EPS in Rs | 17.85 | 13.88 | 16.27 | 8.25 | 7.59 | 3.86 | 4.00 | 4.67 | 4.41 | 1.24 | 5.07 | 7.18 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 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 | 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 | 396 | 517 | 618 | 868 | 871 | 563 | 997 | 2,012 | 1,616 | 929 | 924 | 967 |
| OPM % | 16% | 20% | 22% | 27% | 28% | 20% | 25% | 31% | 24% | 14% | 13% | 13% |
| Other Income | 7 | 35 | 22 | 50 | 104 | 111 | 124 | 139 | 227 | 97 | 43 | 53 |
| Interest | 195 | 188 | 143 | 124 | 129 | 129 | 132 | 222 | 208 | 178 | 225 | 198 |
| Depreciation | 118 | 121 | 122 | 128 | 149 | 174 | 193 | 282 | 310 | 332 | 377 | 387 |
| Profit before tax | 89 | 244 | 375 | 666 | 696 | 370 | 797 | 1,646 | 1,325 | 517 | 364 | 435 |
| Tax % | 32% | 28% | 31% | 36% | 33% | 36% | 32% | 27% | 14% | 21% | 25% | |
| Net Profit | 56 | 172 | 261 | 425 | 468 | 237 | 544 | 1,208 | 1,133 | 410 | 274 | 327 |
| EPS in Rs | 3.77 | 11.02 | 14.85 | 23.97 | 26.67 | 14.16 | 32.03 | 70.59 | 66.22 | 24.13 | 14.66 | 17.90 |
| Dividend Payout % | 13% | 14% | 17% | 15% | 15% | 28% | 17% | 11% | 13% | 21% | 27% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 11% | 21% | 3% | 10% | ||
| Compounded Profit Growth | 17% | 3% | -40% | -4% | ||
| Stock Price CAGR | 20% | 11% | 0% | 2% | ||
| Return on Equity | 16% | 16% | 11% | 5% |
| Mar 2015 | 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 | 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 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 260 | 405 | 565 | 560 | 879 | 558 | 475 | 774 | 1,762 | 1,376 | 643 | 773 |
| Cash from Investing Activity | -14 | -34 | -262 | 40 | -1,115 | -395 | -1,282 | -874 | -948 | -410 | -28 | -814 |
| Cash from Financing Activity | -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/OP | 100% | 108% | 118% | 102% | 117% | 79% | 98% | 91% | 100% | 101% | 83% | 98% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 49.64% | 49.64% | 49.64% | 49.64% | 49.64% | 49.64% | 49.64% | 49.63% | 49.63% | 49.63% | 52.94% | 52.94% |
| FIIs | 10.90% | 10.75% | 9.26% | 12.09% | 11.37% | 12.18% | 11.86% | 11.76% | 11.50% | 12.07% | 11.59% | 11.39% |
| DIIs | 3.18% | 3.37% | 3.71% | 5.71% | 5.81% | 5.55% | 5.50% | 5.47% | 5.58% | 5.86% | 6.15% | 6.27% |
| Public | 36.29% | 36.25% | 37.39% | 32.56% | 33.19% | 32.62% | 33.00% | 33.14% | 33.29% | 32.43% | 29.32% | 29.40% |
| No. of Shareholders | 1,40,739 | 1,43,484 | 1,43,614 | 1,23,165 | 1,46,946 | 1,50,342 | 1,56,134 | 1,51,689 | 1,42,622 | 1,36,067 | 1,31,792 | 1,30,169 |
Fundamentals
Market Cap₹ 7,096 Cr.
Current Price₹ 391
Stock P/E21.7
Book Value₹ 304
ROCE7.39 %
ROE4.77 %
Dividend Yield1.02 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)10%
Compounded Profit Growth (TTM)-4%
Consolidated figures.
Valuation
Market capRs 6,937 Cr
Enterprise valueRs 9,335 Cr
P/E (TTM)21.82x
Price to book1.26x
Price to sales0.95x
EV / EBITDA9.16x
EV / EBIT14.76x
EV / sales1.28x
Price to cash flow8.98x
Earnings yield4.58%
Dividend yield1.05%
P/E, 3-year average12.90x
P/B, 3-year average1.02x
P/E, 5-year average10.72x
P/B, 5-year average1.28x
Profitability
Operating margin (excl. other income)13.06%
Operating margin (incl. other income)13.66%
EBITDA margin13.93%
Pre-tax margin5.94%
Net profit margin4.34%
Net margin, latest quarter6.89%
ROE4.88%
ROCE7.68%
ROA2.67%
ROE, 3-year average12.45%
ROCE, 3-year average12.99%
ROA, 3-year average6.44%
ROE, 5-year average18.21%
ROCE, 5-year average16.80%
ROA, 5-year average8.29%
ROIC (approx.)5.96%
Tax rate25.41%
Other income / net worth0.77%
Growth
Sales growth (latest year)6.21%
Profit growth (latest year)-34.97%
Sales CAGR, 3 years3.21%
Sales CAGR, 5 years20.80%
Profit CAGR, 3 years-39.42%
Profit CAGR, 5 years2.07%
Sales growth QoQ-4.01%
Profit growth QoQ41.47%
Sales growth YoY (latest quarter)13.61%
Profit growth YoY (latest quarter)64.46%
Per share
EPS (TTM)Rs 17.53
EPS (latest year)Rs 14.66
EPS (latest quarter)Rs 7.18
EPS, 3-year averageRs 35.00
EPS, 5-year averageRs 41.53
Book value per shareRs 304.47
Sales per shareRs 403.63
Cash flow per shareRs 42.62
Free cash flow per shareRs 15.55
Dividend per share (latest year)Rs 4.00
Dividend per share, 3-year averageRs 5.83
Dividend per share, 5-year averageRs 6.20
Dividends
Dividend payout27.28%
Dividend payout, 3-year average20.28%
Dividend payout, 5-year average17.87%
Efficiency
Asset turnover0.67x
Fixed asset turnover1.09x
Inventory turnover3.82x
Inventory days95 days
Debtor days28 days
Debtors turnover12.96x
Creditor days71 days
Cash conversion cycle69 days
Working capital days14 days
Leverage
Total debtRs 2,578 Cr
Cash and bankRs 179 Cr
Net debtRs 2,398 Cr
Debt to equity0.47x
Net debt / EBITDA2.35x
Interest coverage3.20x
Current ratio (filing 2026-03-31)1.37x
Quick ratio (filing 2026-03-31)0.75x
Trade payables (filing 2026-03-31)Rs 855 Cr
Owners' fund to total sources52.42%
Debt to assets24.48%
Cash flow
Cash from Operating Activity (latest year)Rs 773 Cr
Cash from Investing Activity (latest year)Rs -814 Cr
Cash from Financing Activity (latest year)Rs 175 Cr
Net Cash Flow (latest year)Rs 133 Cr
Free cash flow (latest year)Rs 282 Cr
FCFE (approx.: FCF + change in debt)Rs 974 Cr
Cash from ops / profit, 5 years1.49x
Sales to cash flow9.16x
Statement figures
Net sales (TTM)Rs 7,319 Cr
Net sales (latest year)Rs 7,076 Cr
Sales (latest quarter)Rs 1,887 Cr
Operating profit excl. other income (latest year)Rs 924 Cr
Operating profit (latest quarter)Rs 290 Cr
Other income (TTM)Rs 53 Cr
EBITDA (TTM)Rs 1,019 Cr
PBDT (TTM)Rs 821 Cr
Profit before tax (TTM)Rs 435 Cr
Tax (latest year)Rs 93 Cr
Net profit (TTM)Rs 318 Cr
Net profit (latest year)Rs 266 Cr
Net profit (latest quarter)Rs 130 Cr
Depreciation (TTM)Rs 387 Cr
Depreciation (latest quarter)Rs 99 Cr
Interest (TTM)Rs 198 Cr
Cost of goods sold (latest year)Rs 5,155 Cr
Total expenditure (latest year)Rs 6,152 Cr
Total income (latest year)Rs 7,119 Cr
Share capitalRs 181 Cr
ReservesRs 5,339 Cr
Shareholders' fundsRs 5,521 Cr
Total assetsRs 10,531 Cr
Net blockRs 6,511 Cr
Capital work in progressRs 421 Cr
InvestmentsRs 537 Cr
ReceivablesRs 546 Cr
InventoryRs 1,348 Cr
Other liabilitiesRs 2,433 Cr
Shares outstanding (crore)18.13
Ownership
Promoter holding52.94% (+3.31 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 21.8 is at the 88th percentile of its own 9.4-year range
(median 10.0, low 3.2, high 27.1).
P/B 1.26 is at the 33th percentile (median 1.48).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | JKPAPER | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -6.9% | -2.8% | -4.2 pts |
| 1 month | -4.6% | -6.8% | +2.2 pts |
| 3 months | +9.6% | -7.6% | +17.3 pts |
| 6 months | +24.9% | +0.4% | +24.5 pts |
| 1 year | +0.4% | -9.9% | +10.3 pts |
| 2 years | -17.1% | -13.6% | -3.6 pts |
| 3 years | -2.6% | +14.2% | -16.8 pts |
| 5 years | +68.1% | +27.9% | +40.2 pts |
19 mutual fund schemes hold about ₹362 Cr.
Over three months 2 bought more and 4 sold (share counts, price move removed).
| Fund | Weight | Est. Cr | 3m shares |
|---|---|---|---|
| UTI Value Fund | 0.97% | 93 | -2% |
| HSBC Value Fund | 0.44% | 67 | -1% |
| UTI Large & Mid Cap Fund | 0.79% | 51 | -15% |
| UTI Aggressive Hybrid Fund | 0.59% | 40 | -31% |
| UTI ELSS Tax Saver Fund | 0.74% | 26 | +3% |
| UTI Multi Cap Fund | 1.14% | 25 | -3% |
| HDFC Equity Savings Fund | 0.27% | 15 | +1% |
| UTI Retirement Fund | 0.24% | 11 | -40% |
| Bandhan Small Cap Fund | 0.02% | 8 | -67% |
| Motilal Oswal Nifty Microcap 250 Index Fund | 0.32% | 8 | -4% |
| HDFC Conservative Hybrid Fund(Q | 0.20% | 6 | +5% |
| Tata Children's Fund | 1.20% | 4 | +4% |
| UTI Conservative Hybrid Fund(M | 0.23% | 4 | -3% |
| Unifi Flexi Cap Fund | 1.18% | 3 | +100% |
| Groww Nifty Total Market Index Fund | 0.01% | 0 | -2% |
| Angel One Nifty Total Market Index Fund | 0.01% | 0 | -2% |
| Mirae Asset Nifty Total Market Index Fund | 0.01% | 0 | -2% |
| Bandhan Nifty Total Market Index Fund | 0.01% | 0 | -2% |
| Motilal Oswal BSE 1000 Index Fund | 0.01% | 0 | -2% |
Red flags
F-score 3 of 8| explain | Debt up, profit down Borrowings up 37% while net profit fell in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹1,887 Cr +13.6% vs Jun 2025.
Net profit ₹136 Cr +61.9%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| West Coast Paper Mills Ltd | 4,641 | 20.2 | 6.17 % |
| Seshasayee Paper & Boards Ltd | 1,535 | 15.5 | 5.60 % |
| Andhra Paper Ltd | 1,427 | 51.7 | 0.04 % |
| N R Agarwal Industries Ltd | 1,125 | 17.0 | 8.49 % |
| Tamil Nadu Newsprint & Papers Ltd | 1,053 | 4.04 | 6.41 % |
| Pudumjee Paper Products Ltd | 898 | 9.86 | 18.1 % |
| Emami Paper Mills Ltd | 718 | 7.60 | 11.4 % |
| Satia Industries Ltd | 687 | 3.94 % | |
| Kuantum Papers Ltd | 671 | 18.6 | 5.24 % |
| Prabhatam Infra Venture Ltd | 614 | -97.1 % | |
| Shree Rama Newsprint Ltd | 464 | 0.93 % | |
| Pakka Ltd | 350 | 25.2 | 3.31 % |
| Orient Paper & Industries Ltd | 343 | -4.24 % | |
| Ruchira Papers Ltd | 313 | 9.39 | 11.1 % |
| Genus Paper & Boards Ltd | 264 | 19.0 | 6.17 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2026-08-19 | Dividend - Rs 4 Per Share | |
| 2025-08-18 | Dividend - Rs 5 Per Share | |
| 2024-08-20 | Annual General Meeting/Dividend - Rs 5 Per Share | |
| 2024-02-16 | Interim Dividend - Rs 3.50 Per Share | |
| 2023-08-18 | Annual General Meeting/Dividend - Rs 4 Per Sh | |
| 2023-02-17 | Interim Dividend - Rs 4 Per Share | |
| 2022-08-23 | Annual General Meeting/Dividend - Rs 5.50 Per Share | |
| 2021-08-12 | Annual General Meeting/Dividend - Rs 4 Per Share | |
| 2020-09-03 | Annual General Meeting | |
| 2020-03-05 | Interim Dividend - Rs 4 Per Share | |
| 2019-08-13 | Dividend - Rs 3.50 Per Share | |
| 2018-08-08 | Dividend- Rs 2.50 Per Share | |
| 2017-05-26 | Dividend - Rs 1.50/- Per Share | |
| 2016-09-06 | Dividend Re.0.50 Per Share | |
| 2015-09-15 | Annual General Meeting | |
| 2014-09-16 | Annual General Meeting | |
| 2013-08-01 | Annual General Meeting / Dividend - Re 0.50/- Per Share | |
| 2012-07-30 | Annual General Meeting And Dividend Rs.1.50 Per Share | |
| 2011-07-26 | Rights 3:4 @ Premium Rs.32/- Per Share | |
| 2011-06-09 | Annual General Meeting | |
| 2011-02-11 | Interim Dividend-Rs.2.25 Per Share | |
| 2010-07-16 | Dividend-Rs.2/- Per Share | |
| 2009-07-17 | Agm/Div-Rs.1.75 Per Share | |
| 2008-08-13 | Agm/Dividend - 15% | |
| 2007-11-29 | Agm/Dividend-22.5% | |
| 2006-11-10 | Agm/Dividend-6% |
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of JK Paper Ltd?
JK Paper Ltd (JKPAPER) has a market capitalisation of Rs 7,096 Cr. at the 2026-10-01 close.
What is the P/E ratio of JK Paper Ltd?
JK Paper Ltd trades at a P/E of 21.7 on trailing twelve-month profit, at the 2026-10-01 close.
What were JK Paper Ltd's latest quarterly results?
In the Jun 2026 quarter, JK Paper Ltd sales was Rs 1,887 Cr (+13.6% vs Jun 2025) and net profit was Rs 136 Cr.
What is the 52-week high and low of JK Paper Ltd?
The 52-week high is Rs 444.80 and the 52-week low is Rs 304.85.