JK Paper Ltd. provides sustainable paper solutions. It is a leading Indian player in office papers, writing and printing papers, coated papers, and high-end packaging boards. It was established in 1960 with its headquarters in Gujarat. The company’s quarterly consolidated net sales in June 2022 were Rs 1,430.23 crore, up 116.46% from Rs 660.75 crore in June 2021. On 12 August 2022, JK Paper Ltd.’s market capitalisation stood at Rs 7,201 crore.
The company is listed on the Bombay Stock Exchange with the code 532162, and on the National Stock Exchange with the code JKPAPER.
In 1962, JK Paper Ltd. set up Unit JKPM at Rayagada (Odhisha). The company has three integrated pulp and paper mills —Unit JKPM at Rayagada (Odhisha), Unit CPM at Songadh (Gujarat), and Unit SPM at Kagaznagar (Telangana). These units manufacture paper via social farm forestry without harming a single natural forest tree. The company has a worldwide footprint serving customers in more than 60 countries across the Middle East, USA, Africa, South-East Asia, and Europe.
The company’s shareholding pattern on 30 June 2022 indicated a promoter stake of 49.63%, public stake of 41.06%, foreign institutional investor stake of 3.43%, and domestic institutional investor stake of 5.86%. Bengal & Assam Co. Ltd. was the leading promoter with a 47% share. The mutual fund holdings increased from 1.72% to 4.09% during this quarter.
JK Paper Ltd.’s top management comprises Mr Bharat Hari Singhania as chairman and Mr Harsh Pati Singhania as vice chairman and managing director. The other directors include Mr Dhirendra Kumar, Mr S K Roongta, Mr M H Dalmia, Ms Deepa Gopalan Wadhwa, Mr Sandip Somany, Ms Vinita Singhania, Mr Shailendra Swarup, Mr R V Kanoria, and Mr Arun Bharat Ram.
On 12 August 2022, JK Paper Ltd.’s share price closed at Rs 425 on BSE. On NSE, it closed at Rs 425.10. JK Paper Ltd.’s 52-week high share price was Rs 442.40, and the 52-week low share price was Rs 192.
The company’s mutual fund holdings include L&T Large & Midcap Fund, L&T Tax Advantage Fund, L&T India Value Fund, and Mahindra Manulife Balanced Advantage Yojana with a 1.91%, 1.53%, 1.20%, and 1.04% stakes, respectively.
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JK Paper share price as on 27 Jul 2024 is Rs. 521.05. Over the past 6 months, the JK Paper share price has increased by 23.85% and in the last one year, it has increased by 59.83%. The 52-week low for JK Paper share price was Rs. 319.1 and 52-week high was Rs. 638.75.
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