JK Paper Ltd

JK Paper Ltd

₹ 400 -2.43%
21 Nov - 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

Product Segments

  • Market Cap 6,775 Cr.
  • Current Price 400
  • High / Low 639 / 319
  • Stock P/E 8.70
  • Book Value 311
  • Dividend Yield 2.13 %
  • ROCE 20.3 %
  • ROE 23.4 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 20.6% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 25.7%

Cons

  • Tax rate seems low

* 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
944 1,024 1,340 1,430 1,644 1,643 1,719 1,584 1,650 1,706 1,719 1,714 1,683
725 772 1,004 1,007 1,105 1,078 1,236 1,107 1,243 1,334 1,360 1,433 1,419
Operating Profit 220 251 336 423 539 565 484 477 407 372 359 280 264
OPM % 23% 25% 25% 30% 33% 34% 28% 30% 25% 22% 21% 16% 16%
35 33 22 35 14 49 41 55 59 56 57 29 32
Interest 37 29 32 29 36 94 63 51 42 80 35 36 68
Depreciation 45 45 60 65 67 70 81 80 84 83 63 80 82
Profit before tax 173 210 266 364 451 451 381 401 341 265 318 193 145
Tax % 31% 28% 36% 27% 27% 26% 26% 22% 10% 11% 13% 27% 11%
118 151 170 264 327 334 284 313 306 236 279 141 129
EPS in Rs 6.99 8.87 10.04 15.46 19.14 19.44 16.54 18.22 17.85 13.88 16.27 8.25 7.59
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
1,459 1,738 2,160 2,437 2,629 2,844 3,257 3,060 2,751 3,969 6,437 6,659 6,821
1,320 1,597 1,902 2,042 2,112 2,226 2,388 2,189 2,188 2,971 4,425 5,044 5,546
Operating Profit 139 141 259 396 517 618 868 871 563 997 2,012 1,616 1,275
OPM % 10% 8% 12% 16% 20% 22% 27% 28% 20% 25% 31% 24% 19%
26 -5 3 7 35 22 50 104 111 124 139 227 175
Interest 54 129 205 195 188 143 124 129 129 132 222 208 218
Depreciation 74 127 116 118 121 122 128 149 174 193 282 310 309
Profit before tax 38 -119 -60 89 244 375 666 696 370 797 1,646 1,325 922
Tax % 0% -37% -69% 32% 28% 31% 36% 33% 36% 32% 27% 14%
38 -75 -18 56 172 261 425 468 237 544 1,208 1,133 785
EPS in Rs 2.78 -5.47 -1.35 3.77 11.02 14.85 23.97 26.67 14.16 32.03 70.59 66.22 45.99
Dividend Payout % 180% 0% 0% 13% 14% 17% 15% 15% 28% 17% 11% 13%
Compounded Sales Growth
10 Years: 14%
5 Years: 15%
3 Years: 34%
TTM: 3%
Compounded Profit Growth
10 Years: 35%
5 Years: 21%
3 Years: 68%
TTM: -36%
Stock Price CAGR
10 Years: 29%
5 Years: 28%
3 Years: 23%
1 Year: 7%
Return on Equity
10 Years: 20%
5 Years: 22%
3 Years: 26%
Last Year: 23%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 137 137 137 149 156 176 178 178 169 169 169 169 169
Reserves 739 664 639 954 1,165 1,468 1,860 2,187 2,347 2,827 3,865 4,900 5,100
1,784 2,248 2,104 1,892 1,698 1,310 1,563 1,782 2,790 3,137 2,803 2,204 2,029
443 491 448 485 577 656 921 1,143 1,249 1,492 2,083 2,053 1,919
Total Liabilities 3,103 3,538 3,328 3,478 3,596 3,608 4,522 5,290 6,555 7,625 8,920 9,326 9,218
824 2,577 2,370 2,752 2,688 2,654 2,706 3,142 3,031 5,280 5,756 5,846 5,773
CWIP 1,541 23 27 20 16 37 329 400 1,704 46 124 66 71
Investments 6 69 4 70 259 152 675 491 641 724 931 1,158 1,302
732 870 927 636 633 766 812 1,258 1,180 1,574 2,110 2,256 2,071
Total Assets 3,103 3,538 3,328 3,478 3,596 3,608 4,522 5,290 6,555 7,625 8,920 9,326 9,218

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
91 137 260 405 565 560 879 558 475 774 1,762 1,376
-794 -332 -14 -34 -262 40 -1,115 -395 -1,282 -874 -948 -410
589 173 -240 -373 -289 -507 140 -148 784 103 -787 -938
Net Cash Flow -114 -22 6 -2 14 93 -97 15 -22 3 27 28

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 8 9 10 20 20 20
Inventory Days 87 98 102 83 94 94 78 133 106 110 105 100
Days Payable 55 71 65 47 57 61 62 102 110 111 84 72
Cash Conversion Cycle 62 62 62 57 53 47 24 40 7 19 40 48
Working Capital Days 22 19 35 -15 -16 -15 -11 12 47 51 50 57
ROCE % 3% 1% 5% 10% 13% 17% 23% 21% 10% 16% 28% 20%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
49.52% 49.63% 49.63% 49.64% 49.64% 49.64% 49.64% 49.64% 49.64% 49.64% 49.64% 49.64%
3.89% 3.53% 3.43% 6.05% 9.43% 11.49% 10.46% 10.90% 10.75% 9.26% 12.09% 11.37%
2.52% 3.50% 5.86% 4.46% 2.92% 2.85% 3.11% 3.18% 3.37% 3.71% 5.71% 5.81%
44.07% 43.34% 41.07% 39.85% 38.01% 36.04% 36.79% 36.29% 36.25% 37.39% 32.56% 33.19%
No. of Shareholders 1,10,18595,4031,02,1761,12,1581,25,3971,25,2711,38,9681,40,7391,43,4841,43,6141,23,1651,46,946

* 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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