JK Paper Ltd

JK Paper Ltd

₹ 568 3.18%
22 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 [1]
J K Paper has a robust distribution network of over 450 trade partners and 4000 dealers with 14 pan-India depots and 2 Quick Service centers, reducing the turnaround time in servicing customers.

  • Market Cap 9,615 Cr.
  • Current Price 568
  • High / Low 639 / 312
  • Stock P/E 10.6
  • Book Value 269
  • Dividend Yield 1.41 %
  • ROCE 18.7 %
  • ROE 21.7 %
  • Face Value 10.0

Pros

  • Company has reduced debt.

Cons

  • Tax rate seems low
  • Working capital days have increased from 51.6 days to 90.0 days

* 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

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
897 662 946 1,025 1,349 1,437 1,650 1,616 1,529 1,395 1,453 1,512 1,500
669 478 729 796 1,034 1,071 1,192 1,157 1,151 1,044 1,126 1,203 1,190
Operating Profit 228 183 217 229 314 367 458 460 378 351 327 309 310
OPM % 25% 28% 23% 22% 23% 26% 28% 28% 25% 25% 23% 20% 21%
16 20 20 17 22 16 5 29 25 29 30 33 30
Interest 20 24 27 19 22 20 28 86 55 44 35 72 28
Depreciation 39 38 39 39 54 59 60 60 58 60 62 61 60
Profit before tax 186 141 172 188 260 304 375 343 289 276 260 209 251
Tax % 31% 31% 31% 31% 36% 33% 33% 34% 30% 16% 9% 2% 8%
129 98 118 130 165 205 252 227 202 231 237 204 230
EPS in Rs 7.60 5.77 6.97 7.67 9.76 12.09 14.86 13.37 11.94 13.63 14.02 12.06 13.56
Raw PDF
Upcoming result date: 24 July 2024

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1,459 1,738 2,159 2,437 2,629 2,844 3,256 3,054 2,742 3,981 6,232 5,860
1,327 1,614 1,904 2,046 2,116 2,231 2,386 2,150 2,110 3,038 4,570 4,564
Operating Profit 133 124 255 391 512 614 871 904 632 943 1,662 1,296
OPM % 9% 7% 12% 16% 19% 22% 27% 30% 23% 24% 27% 22%
28 -3 12 10 26 26 55 81 69 80 75 123
Interest 50 122 204 195 188 143 122 123 94 93 188 180
Depreciation 73 122 114 117 120 121 125 144 154 169 237 243
Profit before tax 37 -123 -51 89 232 375 678 719 453 761 1,312 996
Tax % -1% -37% -75% 32% 30% 31% 36% 31% 29% 33% 32% 9%
38 -77 -13 61 163 260 437 493 322 511 885 902
EPS in Rs 2.76 -5.65 -0.93 4.10 10.44 14.82 24.53 27.64 19.02 30.17 52.26 53.27
Dividend Payout % 181% 0% 0% 12% 14% 17% 14% 14% 21% 18% 15% 16%
Compounded Sales Growth
10 Years: 13%
5 Years: 12%
3 Years: 29%
TTM: -6%
Compounded Profit Growth
10 Years: 32%
5 Years: 16%
3 Years: 43%
TTM: 3%
Stock Price CAGR
10 Years: 33%
5 Years: 37%
3 Years: 37%
1 Year: 79%
Return on Equity
10 Years: 18%
5 Years: 20%
3 Years: 22%
Last Year: 22%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 137 137 137 149 156 176 178 178 169 169 169 169
Reserves 739 661 641 963 1,166 1,470 1,863 2,190 2,431 2,875 3,605 4,383
1,746 2,189 2,089 1,892 1,698 1,310 1,350 1,370 2,302 2,701 2,393 1,886
443 484 448 483 575 653 844 1,005 1,132 1,371 1,633 1,464
Total Liabilities 3,064 3,472 3,315 3,486 3,594 3,608 4,236 4,743 6,035 7,117 7,801 7,902
771 2,468 2,297 2,751 2,636 2,603 2,568 2,522 2,418 4,466 4,341 4,202
CWIP 1,541 17 27 20 16 34 52 349 1,563 33 30 49
Investments 15 96 28 41 271 164 913 701 865 997 1,811 2,029
738 890 963 674 672 806 703 1,172 1,188 1,620 1,619 1,622
Total Assets 3,064 3,472 3,315 3,486 3,594 3,608 4,236 4,743 6,035 7,117 7,801 7,902

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
124 130 254 404 561 555 913 636 560 599 1,378 962
-792 -332 -50 -34 -260 46 -898 -298 -1,326 -757 -656 -94
554 176 -195 -373 -289 -507 -123 -323 744 164 -704 -839
Net Cash Flow -114 -25 9 -3 13 95 -107 15 -22 6 18 29

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 30 36 25 21 15 14 9 9 11 20 10 10
Inventory Days 87 102 102 83 94 94 72 119 91 85 75 83
Days Payable 55 74 65 47 57 61 60 90 94 88 64 60
Cash Conversion Cycle 62 64 62 57 53 47 21 38 8 17 20 33
Working Capital Days 23 28 35 -15 -15 -14 -21 -6 16 38 26 90
ROCE % 3% 0% 5% 10% 13% 17% 25% 23% 12% 16% 25% 19%

Shareholding Pattern

Numbers in percentages

10 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
49.52% 49.52% 49.63% 49.63% 49.64% 49.64% 49.64% 49.64% 49.64% 49.64% 49.64% 49.64%
4.59% 3.89% 3.53% 3.43% 6.05% 9.43% 11.49% 10.46% 10.90% 10.75% 9.26% 12.09%
1.89% 2.52% 3.50% 5.86% 4.46% 2.92% 2.85% 3.11% 3.18% 3.37% 3.71% 5.71%
44.00% 44.07% 43.34% 41.07% 39.85% 38.01% 36.04% 36.79% 36.29% 36.25% 37.39% 32.56%
No. of Shareholders 97,9111,10,18595,4031,02,1761,12,1581,25,3971,25,2711,38,9681,40,7391,43,4841,43,6141,23,165

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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