Is JK Paper a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that JK Paper Ltd is a good quality company .

Is JK Paper undervalued or overvalued?

The key valuation ratios of JK Paper Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone .

What is JK Paper share price return in the past 10 years?

JK Paper Ltd share price has appreciated 30.6% annually (CAGR) over the past ten years.

Is JK Paper a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of JK Paper Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

JK Paper Ltd - Stock Valuation and Financial Performance

Name: JK Paper
Brand: JK Paper

BSE: 532162 | NSE: JKPAPER | Paper & Paper Products | Small Cap

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JK Paper Share Price

₹447.80 -14.30 -3.09%
as on 06-Sep'24 16:01

10 Year X-Ray of JK Paper:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	5.3%	9.8%	13.9%	17.5%	25.2%	23.6%	12.7%	16.4%	25.4%	18.8%	-
Value Creation Index ⓘ	-0.6	-0.3	0.0	0.3	0.8	0.7	-0.1	0.2	0.9	0.4	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	2,159	2,437	2,629	2,844	3,256	3,054	2,742	3,981	6,232	5,860	5,944
Sales YoY Gr.	-	12.9%	7.9%	8.2%	14.5%	-6.2%	-10.2%	45.2%	56.6%	-6%	-
Adj EPS ⓘ	-0.5	4.1	9.8	14.2	24	27	18.3	29.1	52	52	46.1
YoY Gr.	-	NA	138.4%	45.9%	68.9%	12.3%	-32.1%	58.8%	78.9%	-0.2%	-
BVPS (₹) ⓘ	54.8	74.8	84.7	93.8	114.5	132.9	153.5	179.7	222.8	268.7	275.2
Adj Net Profit ⓘ	-6.9	60.8	152	250	428	481	310	493	881	880	781
Cash Flow from Ops. ⓘ	254	404	561	555	913	636	560	599	1,378	962	-
Debt/CF from Ops. ⓘ	8.2	4.7	3	2.4	1.5	2.2	4.1	4.4	1.7	1.9	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	11.7%	12.5%	28.8%	-6%
Adj EPS ⓘ	NA	16.7%	41.6%	-0.2%
BVPSⓘ	19.3%	18.6%	20.5%	20.6%
Share Price	30.6%	32.5%	21%	12.7%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	-0.9	6.4	12.5	16.8	23.2	21.8	12.5	17.5	25.9	21.1	16.9
Op. Profit Mgn % ⓘ	12.3	15.8	19.5	21.1	26.8	29.7	23.1	24	26.7	22.1	19.5
Net Profit Mgn % ⓘ	-0.3	2.5	5.8	8.8	13.1	15.7	11.3	12.4	14.1	15	13.1
Debt to Equity ⓘ	2.8	1.7	1.3	0.8	0.7	0.6	0.9	0.9	0.6	0.4	-
Working Cap Days ⓘ	130	99	79	78	72	101	142	119	89	93	71
Cash Conv. Cycle ⓘ	29	25	23	19	6	2	-2	-3	1	8	31

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 28.81%

Net Profit is growing at healthy rate in last 3 years 41.57%

Debt to equity has declined versus last 3 years average to 0.40

Return on Equity has declined versus last 3 years average to 16.90%

Sales growth is not so good in last 4 quarters at -3.56%

Latest Financials - JK Paper Ltd.

	Standalone	Consolidated
TTM EPS (₹)	46.1	56.3
TTM Sales (₹ Cr.)	5,944	6,789
BVPS (₹.) ⓘ	275.2	307.6
Reserves (₹ Cr.) ⓘ	4,492	5,041
P/BV ⓘ	1.62	1.45
PE ⓘ	9.69	7.94

From the Market
52 Week Low / High (₹)	319.20 / 639.15
All Time Low / High (₹)	13.44 / 639.15
Market Cap (₹ Cr.)	7,563
Equity (₹ Cr.)	169.4
Face Value (₹)	10
Industry PE ⓘ	10.3

Management X-Ray of JK Paper:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of JK Paper

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Price to Earnings

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Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of JK Paper

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	2,159	2,437	2,629	2,844	3,256	3,054	2,742	3,981	6,232	5,860
Operating Expenses ⓘ	1,904	2,052	2,117	2,248	2,386	2,151	2,110	3,038	4,570	4,564
Manufacturing Costs	696	672	692	732	769	757	655	953	1,383	1,180
Material Costs	966	1,104	1,104	1,138	1,220	969	1,058	1,525	2,582	2,766
Employee Cost	152	181	218	232	262	277	260	324	406	420
Other Costs ⓘ	91	96	103	146	135	148	138	236	200	197
Operating Profit ⓘ	254	385	512	596	870	904	631	943	1,662	1,296
Operating Profit Margin (%)	11.8%	15.8%	19.5%	21.0%	26.7%	29.6%	23.0%	23.7%	26.7%	22.1%
Other Income ⓘ	12	18	27	46	56	81	71	93	98	123
Interest ⓘ	204	196	188	146	122	123	96	106	188	180
Depreciation ⓘ	114	117	120	121	125	144	154	169	237	243
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	-23	0
Profit Before Tax ⓘ	-51	89	232	375	678	719	453	761	1,312	996
Tax ⓘ	-38	28	69	115	241	226	131	250	426	94
Profit After Tax	-13	61	163	260	437	493	322	511	885	902
PAT Margin (%)	-0.6%	2.5%	6.2%	9.1%	13.4%	16.1%	11.8%	12.8%	14.2%	15.4%
Adjusted EPS (₹)	-0.9	4.1	10.4	14.8	24.5	27.6	19.0	30.2	52.3	53.3
Dividend Payout Ratio (%)	0%	12%	14%	17%	14%	14%	21%	18%	15%	16%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	778	1,111	1,322	1,646	2,041	2,368	2,600	3,045	3,774	4,552
Share Capital ⓘ	137	149	156	176	178	178	169	169	169	169
Reserves ⓘ	641	963	1,166	1,470	1,863	2,190	2,431	2,875	3,605	4,383
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	1,842	1,544	1,427	1,048	1,093	1,133	2,080	2,379	1,845	1,475
Long Term Debt	1,598	1,415	1,299	971	1,075	1,016	1,904	2,195	1,739	1,367
Short Term Debt	244	128	128	76	18	117	176	184	106	108
Trade Payables	238	188	231	255	266	337	356	483	580	564
Others Liabilities ⓘ	457	643	615	660	835	905	998	1,210	1,601	1,310
Total Liabilities ⓘ	3,315	3,486	3,594	3,608	4,236	4,743	6,035	7,117	7,801	7,902
Fixed Assets
Gross Block	2,999	2,866	2,812	2,898	2,978	3,060	3,098	5,311	5,417	5,506
Accumulated Depreciation	702	115	177	295	410	539	680	845	1,076	1,309
Net Fixed Assetsⓘ	2,297	2,751	2,636	2,603	2,568	2,522	2,418	4,466	4,341	4,198
CWIP ⓘ	27	20	16	34	52	349	1,563	33	30	54
Investmentsⓘ	28	41	271	164	913	701	865	997	1,811	2,029
Inventories	374	335	383	394	322	447	346	466	678	778
Trade Receivables	146	139	111	109	77	75	79	217	163	168
Cash Equivalents	17	15	27	122	15	30	9	14	33	61
Others Assetsⓘ	426	186	151	181	288	620	755	922	746	615
Total Assets ⓘ	3,315	3,486	3,594	3,608	4,236	4,743	6,035	7,117	7,801	7,902

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	254	404	561	555	913	636	560	599	1,378	962
PBT ⓘ	-51	89	232	375	678	719	453	761	1,312	996
Adjustment ⓘ	322	300	279	241	194	175	164	145	345	292
Changes in Working Capital ⓘ	-19	37	98	9	181	-130	18	-180	-34	-92
Tax Paid ⓘ	2	-23	-48	-69	-140	-128	-76	-127	-245	-234
Cash Flow From Investing Activity ⓘ	-50	-34	-260	47	-898	-298	-1,326	-757	-664	-94
Capex	-122	-36	-57	-85	-117	-465	-1,064	-721	-86	-128
Net Investments	66	-6	-213	122	-736	229	-139	-81	-149	-57
Others ⓘ	6	9	11	10	-45	-63	-123	45	-428	91
Cash Flow From Financing Activityⓘ	-195	-373	-289	-507	-123	-323	744	164	-704	-839
Net Proceeds from Shares ⓘ	0	50	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-8	-119	-99	-283	117	-125	884	355	-264	-527
Interest Paid ⓘ	-212	-188	-180	-143	-128	-122	-86	-85	-183	-168
Dividend Paid ⓘ	0	0	-9	-29	-54	-146	0	-68	-161	-127
Others ⓘ	25	-116	-1	-52	-58	70	-53	-39	-97	-17
Net Cash Flow ⓘ	9	-3	13	95	-107	15	-22	6	10	29

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	-1.65	6.55	13.39	17.53	23.72	22.35	12.97	18.11	25.97	21.68
ROCE (%)	5.25	9.77	13.93	17.45	25.24	23.6	12.71	16.38	25.42	18.84
Asset Turnover Ratio	0.75	0.85	0.85	0.87	0.89	0.73	0.56	0.65	0.88	0.79
PAT to CFO Conversion(x)	N/A	6.62	3.44	2.13	2.09	1.29	1.74	1.17	1.56	1.07
Working Capital Days
Receivable Days	23	18	15	13	10	8	9	13	11	10
Inventory Days	48	45	43	45	37	43	48	35	32	43
Payable Days	85	70	69	78	78	114	120	100	75	75

JK Paper Ltd Stock News

JK Paper Ltd FAQs

What is the share price of JK Paper?

Company share prices are keep on changing according to the market conditions. The closing price of JK Paper on 06-Sep-2024 16:01 is ₹447.8.

What is the market cap of JK Paper?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 06-Sep-2024 16:01 the market cap of JK Paper stood at ₹7,563.

What is the P/E ratio of JK Paper?

The latest P/E ratio of JK Paper as of 06-Sep-2024 16:01 is 9.69.

What is the P/B ratio of JK Paper?

The latest P/B ratio of JK Paper as of 06-Sep-2024 16:01 is 1.62.

What is the 52-week high and low of JK Paper?

The 52-week high of JK Paper is ₹639.1 and the 52-week low is ₹319.2.

What is the TTM revenue of JK Paper?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of JK Paper is ₹5,944 ( Cr.) .

About JK Paper Ltd

Established in 1962, JK Paper Limited is the leading player in Office papers, Coated papers and Packaging boards. The company is a part of the prominent JK Organisation. It has two integrated Pulp and Paper Mills viz; Unit JKPM at Rayagada (Odisha) near the Eastern coast of India and Unit CPM, Songadh (Gujarat) on the Western coast. In August 2018, the company has acquired Sirpur Paper Mills - located in Telangana. From being the pioneer of branded paper in India, the company today is a leading exporter of Branded Copier Papers and Packaging Boards exporting to many countries covering USA, Middle-East, South-east Asia, SAARC and African countries.

The company is accredited with ISO 45001, ISO 9001 and ISO 14001 certification, validating JK Paper’s compliance with stringent quality management norms and environment norms, respectively. The FSC certification was bestowed upon the company, which speaks volumes about JK Paper’s health & safety policies and sustainable wood procurement policies.

Business area of the company

JK Paper is one of the most respected paper companies in India today. The company’s diversified product portfolio comprises office paper, writing and printing paper to packaging board and specialty paper, among others. It enjoys a rich experience of many decades, which has enabled it to emerge as one of the biggest wood-based paper companies in India as well as a leader in the branded office paper segment.

Products

The company offers a wide product range and its brands are synonymous with premium quality paper:

Office papers- JK Cedar , JK Copier, JK Easy Copier, JK Sparkle,JK Copier Plus JK Excel Bond, JK Sparkle, JK CMax, JK Max, JK Copier A5, JK Sparkle A5, JK Copier Slims.
Packaging boards- JK TuffCote, JK Ultima ,JK TuffPac , JK IV Board, JK Endura, JK Tuffcup.
Printing & Writing Papers- JK Cote , JK Ledger, JK SHB, JK Evervite, JK Finesse ,JK Elektra, JK Lumina, JK Ultraprint, JK Esay Draw, JK Buff File Board, JK Braille.
Speciality Papers- MICR Cheque paper, Parchment, Cedar digital, JK Envelope, JK Carry, JK Tally, JK Oleoff, JK Ecosip.

Awards and recognitions

2011-12:

Unit JKPM has been awarded the Greentech Environment Excellence Award for Outstanding achievement in Safety Management.
Unit JKPM has been awarded Silver Award in Paper Sector from Greentech Foundation.
Unit CPM has been awarded the CII National HR Excellence Award – Strong Commitment to HR Excellence, 2011.
Greentech Foundation CSR Gold Award - 2011.

2012-13:

Unit - JKPM has been awarded Greentech award for outstanding achievement in Safety Management.
Unit - JKPM has been awarded Gold award in paper sector by Greentech Foundation for Environment Management.
Unit - JKPM has been awarded Silver award in paper sector for CSR by Greentech Foundation.
Unit - CPM has been awarded the Greentech Environment Gold Award 2012 in paper sector for outstanding achievement.
Unit - CPM has been awarded Winner of Golden Peacock environment management Award 2012.

2013-14:

Unit - JKPM has been awarded the Green Manufacturing Excellence Award-2013 from Frost & Sullivan.
Unit - JKPM has been awarded Greentech Award-2013 for outstanding achievement in Safety.
Unit - CPM has been awarded the Greentech HR Silver Award-2013 for outstanding achievement in paper sector.
Unit - CPM has been awarded IPMA Award-2013 for Energy Conservation.

2016-17:

Adjudged amongst the top 5 globally for Mill Manager Award & Environment Management award by PPI in Belgium.
Received the ‘Par Excellence and ‘Excellence’ Awards at the National-level Quality Circle Convention on Quality Concepts in Raipur.
Received an award for ‘Outstanding achievement in the areas of Environment Management’ by Greentech Foundation.
Received an award for ‘Excellent Energy Efficient Unit’ in the paper sector during the Energy Management Summit, 2016.

2017-18:

Best performance award at the Krushi and Pranisampad Mahostav by the Rayagada district administration.
Best performance award on CSR by the National Board of Workers Education & Development.
The Federation of Indian Chambers of Commerce and Industry (FICCI) appreciation certificate for being a socially responsible corporate.
The Odisha CSR Forum acknowledged Sparsh’s work by presenting the CSR Excellence award for sustainable livelihoods.

2018-19:

Received the Best Performance Award at the Krushi and Pranisampad Mahostav from the Rayagada district administration.
Received the Best Performance Award (Corporate Social Responsibility) from the Central Board for Workers Education.
Received a Certificate of Appreciation for being a socially-responsible corporate from the Federation of Indian Chambers of Commerce and Industry.
Received the CSR Excellence Award from the Odisha CSR Forum in acknowledgement of Sparsh’s work in the area of sustainable livelihood creation.

2019-20:

During the year under review, South Gujarat Chamber of Commerce & Industries (SGCCI) awarded JK Paper with 'Outstanding achievement in social welfare'.
JK Paper featured in the Economic Times CSR compendium 2020.
JK Paper was recognised for their commendable work as a socially responsible company in the18th FICCI Corporate Social Responsibility Awards.

Milestones

1938: Started manufacturing straw boards at Bhopal with a capacity of 3,600 tonnes per annum.
1962: Installed the first fine paper machine at Unit - JKPM (Odisha).
1992: Acquired Unit - CPM (Gujarat).
2005: Commissioned a coating plant at Unit - JKPM (Odisha).
2007: Commissioned a premium packaging board plant at Unit - CPM (Gujarat).
2013: Commissioned a state-of-the-art new fibre line and high-speed paper manufacturing machine at Unit - JKPM (Odisha) with a capacity of 1,65,000 tonnes per annum.
2018: Acquired Sirpur Paper Mills in Telangana with a capacity of 1,36,000 metric tonnes per annum.
2019: JKPL was certified as a Great Place to Work and the Unit CPM of the Company was awarded the Dr. B.L. Bihani, the Memorial Award for Best Paper (National) at PaperEx 2019.