JK Paper Limited
NSE: JKPAPER · Paper & Paper Products · sector
₹368.90NSE close 2026-10-26
Key numbers
Market cap₹6,689 cr
Price₹368.90
52w high / low₹442 / ₹305
P/E20.2xSector median 13.8x
P/B1.2xSector median 0.6x
Book value₹304.5
Dividend yield1.27%Sector median 1.38%
ROE5.9%Sector median 5.8%
ROCE8.0%Sector median 5.9%
OPM12.9%Sector median 8.2%
Debt / equity0.44xSector median 0.42x
EV/EBITDA9.0xSector median 8.0x
Interest cover3.2x
Current ratio1.37x
Sales growth 3y+3.2%Sector median -4.5%
Profit growth 3y-39.4%Sector median -13.6%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 40 companies in Paper & Paper Products (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹580 cr vs borrowings ₹2,436 cr (FY26): borrowings are higher by ₹1,856 cr.
- Operating profit covered interest 3.2x in the last 12 months.
- No promoter shares are pledged.
- Promoter holding rose by 3.31 percentage points in a year, to 52.94% (2026-09-30).
- Operating cash flow was below net profit in 0 of the last 5 years.
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 22% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹368.90 on 2026-10-26: -16.5% from the 52-week high, +21.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹509.80 · low ₹285.95
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,683 | 1,632 | 1,690 | 1,674 | 1,749 | 1,763 | 1,966 | 1,887 |
| EBITDA | 264 | 168 | 217 | 247 | 224 | 163 | 274 | 290 |
| OPM % | 15.7% | 10.3% | 12.8% | 14.8% | 12.8% | 9.2% | 13.9% | 15.4% |
| Other income | 32 | 22 | 25 | 25 | 20 | 19 | 3 | 31 |
| Net profit | 129 | 65 | 76 | 81 | 75 | 27 | 92 | 130 |
| EPS (₹) | 7.59 | 3.86 | 4.51 | 4.80 | 4.42 | 1.61 | 5.07 | 7.18 |
| Revenue YoY | +3.9% | +8.0% | +16.4% | +12.7% | ||||
| Profit YoY | -41.8% | -58.1% | +20.7% | +60.2% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 3,969 | 6,437 | 6,659 | 6,718 | 7,076 | 7,365 |
| EBITDA | 997 | 1,978 | 1,616 | 928 | 907 | 950 |
| Net profit | 543 | 1,196 | 1,122 | 410 | 266 | 324 |
| EPS (₹) | 32.03 | 70.59 | 66.22 | 24.19 | 14.66 | 18.28 |
| Revenue growth | +62.2% | +3.5% | +0.9% | +5.3% | +10.3% | |
| Profit growth | +120.4% | -6.2% | -63.5% | -35.1% | -7.7% | |
| Dividend / share (₹) | 4.00 | 9.50 | 7.50 | 5.00 | 5.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +3.2% | +20.8% | +10.3% |
| Net profit | -39.4% | +2.1% | -7.7% |
| EPS | -40.8% | +1.3% | – |
| Share price | – | -10.0% (2y) | -3.3% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 4,034 | 5,070 | 5,407 | 5,521 |
| Borrowings | – | 2,803 | 2,204 | 1,885 | 2,436 |
| Cash & equivalents | – | 866 | 1,043 | 464 | 580 |
| Total assets | – | 8,920 | 9,328 | 9,548 | 10,538 |
| Fixed assets | – | 5,328 | 5,437 | 5,439 | 5,562 |
| Capital work in progress | – | 119 | 61 | 92 | 420 |
| Investments | – | 116 | 189 | 186 | 136 |
| Receivables | – | 350 | 361 | 432 | 546 |
| Inventory | – | 819 | 942 | 1,249 | 1,348 |
| Payables | – | 658 | 678 | 754 | 855 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 774 | 1,762 | 1,376 | 613 | 773 |
| Cash from investing | -874 | -967 | -411 | -2 | -836 |
| Cash from financing | 103 | -768 | -937 | -647 | 197 |
| Capex | 853 | 224 | 240 | 253 | 503 |
| Free cash flow | -80 | 1,538 | 1,136 | 360 | 270 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 29.6% | 22.1% | 7.6% | 4.8% |
| ROCE % | – | 27.3% | 21.1% | 9.7% | 7.4% |
| Debtor days | – | 20 | 20 | 23 | 28 |
| Inventory days | – | 105 | 100 | 112 | 113 |
| Payable days | – | 84 | 72 | 67 | 71 |
| Cash conversion cycle (days) | – | 41 | 48 | 68 | 70 |
| Working capital days | – | 61 | 87 | 72 | 41 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 52.94% |
| FIIs | 11.67% |
| DIIs | 5.46% |
| of which Mutual funds | 4.83% |
| of which Insurance | 0.10% |
| Public (non-institutions) | 29.93% |
| Quarter | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 49.63% | 49.63% | 49.63% | 49.63% | 52.94% | 52.94% | 52.94% | 52.94% |
| Promoter group | % |
|---|---|
| Bengal & Assam Company Ltd | 43.92% |
| J.K. Credit & Finance Limited | 5.63% |
| Accurate Finman Services Limited | 1.15% |
| Raghupati Singhania | 0.47% |
| Vinita Singhania | 0.40% |
| Vikram Pati Singhania | 0.25% |
| Harsh Pati Singhania | 0.25% |
| Bharat Hari Singhania | 0.14% |
| NAV Bharat Vanijya Limited | 0.14% |
| Sunanda Singhania | 0.11% |
| YPL Enterprises Private Limited | 0.11% |
| Sharda Singhania | 0.10% |
| Anshuman Singhania | 0.09% |
| Shrivats Singhania | 0.09% |
| Sidhivinayak Trading and Investment Limited | 0.04% |
| Public holders above 1% | % |
|---|---|
| Pradip Kumar Khaitan jointly with Shreekant Somany (Trustees, JK Paper Employees' Welfare Trust) | 4.65% |
| Pradip Kumar Khaitan jointly with Shreekant Somany (Trustees, JK Paper Employees' Welfare Trust) | 4.65% |
| UTI Aggressive Hybrid Fund | 3.34% |
1,24,820 shareholders. Pledged: 0.00% of promoter shares.
Peers in Paper & Paper Products
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| JKPAPER | ₹6,689 cr | 20.2x | 1.2x | 5.9% | 8.0% | 12.9% | +3.2% | 1.27% |
| WSTCSTPAPR | ₹5,203 cr | 22.6x | 1.4x | 6.5% | 9.4% | 11.5% | -4.5% | 0.74% |
| SESHAPAPER | ₹1,290 cr | 13.0x | 0.6x | 4.9% | 5.9% | 6.5% | -6.3% | 1.22% |
| ANDHRAPAP | ₹1,279 cr | 46.3x | 0.7x | 1.4% | 2.4% | 4.8% | -6.7% | 1.56% |
| NRAIL | ₹1,122 cr | 18.1x | 1.4x | 7.8% | 10.0% | 9.7% | +6.7% | 0.31% |
| TNPL | ₹899 cr | 3.4x | 0.4x | 11.8% | 6.6% | 10.6% | -3.6% | 2.31% |
| PDMJEPAPER | ₹807 cr | 8.8x | 1.2x | 14.5% | 18.3% | 15.4% | +2.1% | 0.71% |
| EMAMIPAP | ₹685 cr | 7.7x | 1.2x | 14.9% | 14.7% | 12.0% | -6.2% | 2.12% |
| SATIA | ₹625 cr | – | 0.6x | -0.7% | 3.6% | 7.8% | -8.3% | 0.32% |
| KUANTUM | ₹623 cr | 17.3x | 0.5x | 3.0% | 4.9% | 13.8% | -5.8% | 4.18% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Paper and Packaging | ₹6,890 cr | 97.3% | ₹519 cr | 7.5% |
| Others | ₹192 cr | 2.7% | ₹28 cr | 14.5% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-08-19 | Dividend | Dividend - Rs 4 Per Share |
| 2025-08-18 | Dividend | Dividend - Rs 5 Per Share |
| 2024-08-20 | Dividend | Annual General Meeting/Dividend - Rs 5 Per Share |
| 2024-02-16 | Dividend | Interim Dividend - Rs 3.50 Per Share |
| 2023-08-18 | Dividend | Annual General Meeting/Dividend - Rs 4 Per Sh |
| 2023-02-17 | Dividend | Interim Dividend - Rs 4 Per Share |
| 2022-08-23 | Dividend | Annual General Meeting/Dividend - Rs 5.50 Per Share |
| 2021-08-12 | Dividend | Annual General Meeting/Dividend - Rs 4 Per Share |
| 2020-09-03 | Other | Annual General Meeting |
| 2020-03-05 | Dividend | Interim Dividend - Rs 4 Per Share |
| 2019-08-13 | Dividend | Dividend - Rs 3.50 Per Share |
| 2018-08-08 | Dividend | Dividend- Rs 2.50 Per Share |
| 2017-05-26 | Dividend | Dividend - Rs 1.50/- Per Share |
| 2016-09-06 | Dividend | Dividend Re.0.50 Per Share |
| 2015-09-15 | Other | Annual General Meeting |
| 2014-09-16 | Other | Annual General Meeting |
| 2013-08-01 | Dividend | Annual General Meeting / Dividend - Re 0.50/- Per Share |
| 2012-07-30 | Dividend | Annual General Meeting And Dividend Rs.1.50 Per Share |
| 2011-07-26 | Rights | Rights 3:4 @ Premium Rs.32/- Per Share |
| 2011-06-09 | Other | Annual General Meeting |
Documents
- Annual report FY26
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Paper and Packaging Products: Manufacturing and selling of Paper and Packaging boards including value added products viz. Copier, Bond, Security paper, Coated paper and Maplitho, Corrugated Box and Carton box
| Sector | Commodities |
| Industry | Paper & Paper Products |
| Sub-industry | Paper & Paper Products |
| Symbol | JKPAPER |
| BSE code | 532162 |
| ISIN | INE789E01012 |
| Face value | ₹10.0 |
| Incorporated | 1960-07-04 |
| Website | www.jkpaper.com |
| Plants (India / abroad) | 12 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.