JKPAPER

JK Paper Limited

Branded copier paper, coated paper and packaging boards manufacturer

Commodities›Forest Materials›Paper, Forest & Jute Products›Paper & Paper Products

jkpaper.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-19

Stock price
₹385.35
Market cap
6,984 Cr
Stock P/E
21.5
P/B
1.27
Dividend yield
1.2%
ROE (FY26)
4.6%
ROCE (FY26)
7.2%
Operating margin (FY26)
7.7%
Debt / equity (FY26)
0.44
OCF / EBITDA (FY26)
83.6%
OCF / EBITDA (3Y)
79.6%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

JK Paper makes paper and paperboard in India and also runs packaging conversion businesses that turn board into products such as folding cartons and corrugated boxes; it describes itself as one of India's largest paper and packaging solutions companies.

Company snapshot

1stBy market cap

Ranked among 22 companies in Paper & Paper Products.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 99.4% of revenue

SegmentRevenue shareRevenuePBTAssets
Others
1.1%
53 Cr-3 Cr—
Paper and Packaging
99.4%
4,997 Cr470 Cr—

What we see

Positives
  • ✓Dividend payout of 31% — the company returns a meaningful share of profits to shareholders.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales1,650 Cr1,706 Cr1,719 Cr1,714 Cr1,683 Cr1,632 Cr1,690 Cr1,674 Cr1,749 Cr1,763 Cr1,966 Cr1,887 Cr
Operating expenses (approx.)1,243 Cr1,334 Cr1,360 Cr1,433 Cr1,419 Cr1,464 Cr1,473 Cr1,427 Cr1,525 Cr1,586 Cr1,689 Cr1,597 Cr
EBITDA407 Cr372 Cr359 Cr280 Cr264 Cr168 Cr217 Cr247 Cr224 Cr177 Cr277 Cr290 Cr
OPM %24.7%21.8%20.9%16.4%15.7%10.3%12.8%14.8%12.8%10.1%14.1%15.4%
Other income59 Cr56 Cr57 Cr29 Cr32 Cr22 Cr25 Cr25 Cr20 Cr19 Cr3 Cr31 Cr
Interest42 Cr80 Cr35 Cr36 Cr68 Cr24 Cr50 Cr67 Cr51 Cr47 Cr60 Cr40 Cr
Depreciation84 Cr83 Cr63 Cr80 Cr82 Cr83 Cr86 Cr89 Cr91 Cr97 Cr100 Cr99 Cr
Profit before tax341 Cr265 Cr318 Cr193 Cr145 Cr83 Cr105 Cr116 Cr101 Cr37 Cr116 Cr183 Cr
Tax %10.2%10.7%12.5%27.2%11.3%21.5%26.6%26.4%23.0%25.6%22.9%25.5%
Net profit306 Cr236 Cr279 Cr141 Cr129 Cr65 Cr77 Cr85 Cr78 Cr28 Cr90 Cr136 Cr
EPS (₹)₹17.85₹13.88₹16.27₹8.25₹7.59₹3.86₹4.51₹4.80₹4.42₹1.61₹5.07₹7.18

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,764 Cr2,877 Cr3,257 Cr3,060 Cr2,751 Cr3,969 Cr6,437 Cr6,659 Cr6,718 Cr7,076 CrSign in free for the trailing twelve months
Operating expenses (approx.)2,247 Cr2,259 Cr2,389 Cr2,189 Cr2,189 Cr2,971 Cr4,425 Cr5,044 Cr5,790 Cr6,152 CrSign in free for the trailing twelve months
EBITDA517 Cr618 Cr868 Cr871 Cr562 Cr997 Cr2,012 Cr1,616 Cr928 Cr924 CrSign in free for the trailing twelve months
OPM %18.7%21.5%26.7%28.5%20.4%25.1%31.3%24.3%13.8%13.1%Sign in free for the trailing twelve months
Other income35 Cr23 Cr50 Cr104 Cr111 Cr124 Cr173 Cr227 Cr108 Cr60 CrSign in free for the trailing twelve months
Interest188 Cr143 Cr124 Cr129 Cr129 Cr132 Cr222 Cr208 Cr178 Cr225 CrSign in free for the trailing twelve months
Depreciation121 Cr122 Cr128 Cr149 Cr174 Cr193 Cr282 Cr310 Cr332 Cr377 CrSign in free for the trailing twelve months
Profit before tax244 Cr375 Cr666 Cr696 Cr370 Cr797 Cr1,646 Cr1,325 Cr527 Cr366 CrSign in free for the trailing twelve months
Tax %28.3%30.6%36.2%32.7%36.1%31.7%26.6%14.5%21.8%25.3%Sign in free for the trailing twelve months
Net profit172 Cr261 Cr425 Cr468 Cr237 Cr544 Cr1,208 Cr1,133 Cr412 Cr274 CrSign in free for the trailing twelve months
EPS (₹)₹11.39₹15.31₹23.88₹26.28₹13.73₹32.03₹70.59₹66.22₹24.19₹14.66Sign in free for the trailing twelve months
Dividend payout %————0.1%12.4%13.3%11.2%20.5%30.9%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital156 Cr176 Cr178 Cr178 Cr169 Cr169 Cr169 Cr169 Cr169 Cr181 Cr
Reserves1,165 Cr1,470 Cr1,860 Cr2,187 Cr2,347 Cr2,827 Cr3,865 Cr4,900 Cr5,238 Cr5,339 Cr
Borrowings1,427 Cr1,048 Cr1,305 Cr1,545 Cr2,540 Cr3,137 Cr2,803 Cr2,204 Cr1,885 Cr2,436 Cr
Other liabilities848 Cr915 Cr1,128 Cr1,372 Cr1,494 Cr1,485 Cr1,952 Cr1,912 Cr2,007 Cr2,316 Cr
Total liabilities3,596 Cr3,608 Cr4,522 Cr5,290 Cr6,555 Cr7,625 Cr8,920 Cr9,328 Cr9,548 Cr10,538 Cr
Fixed assets (net)2,635 Cr2,604 Cr2,643 Cr3,055 Cr2,945 Cr5,178 Cr5,328 Cr5,437 Cr5,439 Cr5,562 Cr
CWIP16 Cr37 Cr314 Cr399 Cr1,702 Cr42 Cr119 Cr61 Cr92 Cr420 Cr
Investments259 Cr152 Cr728 Cr545 Cr695 Cr778 Cr983 Cr1,210 Cr662 Cr589 Cr
Loans & advances——151 Cr118 Cr128 Cr42 Cr17 Cr2 Cr14 Cr0 Cr
Inventories383 Cr394 Cr346 Cr498 Cr383 Cr519 Cr819 Cr942 Cr1,249 Cr1,348 Cr
Trade receivables111 Cr109 Cr73 Cr74 Cr79 Cr217 Cr350 Cr361 Cr432 Cr546 Cr
Cash & bank16 Cr19 Cr15 Cr30 Cr6 Cr9 Cr36 Cr64 Cr28 Cr157 Cr
Other assets176 Cr294 Cr251 Cr572 Cr617 Cr839 Cr1,268 Cr1,251 Cr1,632 Cr1,916 Cr
Total assets3,596 Cr3,608 Cr4,522 Cr5,290 Cr6,555 Cr7,625 Cr8,920 Cr9,328 Cr9,548 Cr10,538 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity565 Cr560 Cr879 Cr558 Cr475 Cr774 Cr1,762 Cr1,376 Cr613 Cr773 Cr
Cash from investing-262 Cr40 Cr-1,115 Cr-395 Cr-1,282 Cr-874 Cr-967 Cr-411 Cr-2 Cr-836 Cr
Cash from financing-289 Cr-507 Cr140 Cr-147 Cr784 Cr103 Cr-768 Cr-937 Cr-647 Cr197 Cr
Net cash flow14 Cr93 Cr-97 Cr15 Cr-22 Cr3 Cr27 Cr28 Cr-36 Cr133 Cr
Free cash flow (OCF − Capex)495 Cr471 Cr232 Cr-165 Cr-698 Cr-80 Cr1,538 Cr1,136 Cr360 Cr270 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %15.7%19.2%23.3%21.1%9.9%15.1%26.8%20.7%9.3%7.2%
ROE %13.0%15.8%20.5%20.0%9.5%18.1%28.7%21.5%7.2%4.6%
Debtor days151489102020202328
Inventory days1101149914412111610699110111
Days payable66747811012611785716670
Cash conversion cycle5854294261941476769
OCF / EBITDA %109.2%90.6%101.2%64.0%84.6%77.6%87.6%85.2%66.1%83.6%
OCF / EBITDA % (3 years)——100.0%84.7%83.1%74.3%84.3%84.6%82.3%79.6%
Debt / equity1.080.640.640.651.011.050.690.430.350.44
Current ratio1.031.081.671.391.411.561.662.071.871.37
Net debt / EBITDA2.73—1.491.744.513.141.381.322.002.47