loader2
Partner With Us NRI

JK Paper Ltd share Price Today

Company details

321.75
329.35
306.40
452.00
6M Return -18.24%
1Y Return -11.61%
Mkt Cap.(Cr) 5,462.37
Volume 1,354,049
Div Yield 2.48%
OI
-
OI Chg %
-
Volume 1,354,049

Open Free Trading Account Online with ICICIDIRECT

Incur '0' Brokerage upto ₹500

JK Paper announced Q3FY24 & 9MFY24 results:

Financial Performance Highlights:

  • Consolidated Quarterly Turnover: JK Paper reported a turnover of Rs 1,781.65 crore for Q3FY24.
  • EBITDA: The EBITDA for the quarter stood at Rs 428.34 crore.
  • Profit After Tax (PAT): The company's PAT for the quarter was Rs 235.11 crore.
  • Nine-Month Performance: For the nine months period ended December 2023, the company recorded consolidated turnover of Rs 5,195.39 crore, EBITDA of Rs 1,426.42 crore, and PAT of Rs 846.13 crore.
  • Interim Dividend: An interim dividend of Rs 3.50 per equity share has been declared by the board, with a record date of February 16, 2024.

Operational Highlights:

  • Acquisitions: The acquisition of 100% Equity shares of Manipal Utility Packaging Solutions Private Limited (MUPSPL), which has been renamed to JKPL Utility Packaging Solutions Private Limited, was completed, making it a wholly owned subsidiary as of November 21, 2023.
  • Plantation Activities: The focus on plantation activities remains strong, with 10.29 crore saplings planted till December 2023 in the current financial year.

Credit Ratings:

  • CRISIL Ratings: CRISIL Ratings Limited reaffirmed its "AA/Stable" rating for various funding facilities of the company in November 2023.
  • India Ratings and Research: In January 2024, India Ratings and Research (Ind-Ra) reaffirmed the "AA/Stable" rating for the company's funding facilities and reaffirmed 'IND A1 ' rating for commercial papers.

Shri Harsh Pati Singhania, Vice Chairman & Managing Director, shared his insights on the quarter's performance: "The results have been impacted due to overall drop in sales realisation and substantial increase in wood cost. The selling prices have been under pressure for some time due to rising trend in imports coupled with weaker demand scenario."

He added, “pursuant to approval of the Board of Directors at its meeting held on 16th October 2023, the Company has acquired 100% Equity shares of Manipal Utility Packaging Solutions Private Limited (MUPSPL) as per terms of Share Purchase Agreement. Post this, MUPSPL has become wholly owned subsidiary of the Company w.e.f. 21st November 2023. Subsequently, name of MUPSPL has been changed to JKPL Utility Packaging Solutions Private Limited. The Company continued its focus on plantation activities to procure adequate raw materials by planting a total of 10.29 crore saplings till December 2023 in the current financial year.”

Result PDF

View Other Company Results

JK Paper Ltd shares SWOT Analysis

Strengths (12)

  • Rising Net Cash Flow and Cash from Operating activity
  • Strong Annual EPS Growth
  • Effectively using its capital to generate profit - RoCE improving in last 2 years

Weakness (2)

  • Declining profits every quarter for the past 2 quarters
  • Weak Momentum: Price below Short, Medium and Long Term Averages

Opportunity (1)

  • Stock with Low PE (PE < = 10)

Threats (2)

  • Companies with growing costs YoY for long term projects
  • Red Flag: Resignation of Top Management

Resistance and support

R1 327.3
R2 332.1
R3 334.9
Pivot

324.52

S1 319.7
S2 316.9
S3 312.1
EMA SMA
345.6
366.7
375.5
375.1
350.0
379.9
383.4
369.7
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
RENAISSANCE EMERGING MARKETS EQUITY PRIVATE POOL PZENA INVESTMENT MANAGEMENT LLC Bulk Purchase 2022-08-10 411.74 1100000 NSE
QE SECURITIES Bulk Purchase 2022-03-11 263.54 835470 NSE
QE SECURITIES Bulk Sell 2022-03-11 263.81 853444 NSE
Name Category Shares
Dr. Raghupati Singhania PROMOTER 0.51%
Bengal & Assam Company Limited PROMOTER 47%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

JK Paper Ltd Stocks COMPARISON

Financials( in Cr) JK Paper Ltd Century Textiles & Industries Ltd West Coast Paper Mills Ltd Andhra Paper Ltd Seshasayee Paper & Boards Ltd
Price 322.45 1,629.90 591.10 485.75 294.25
% Change 0.66 8.23 0.59 0.09 1.19
Mcap Cr 5,462.37 18,205.33 3,904.16 1,931.83 1,855.78
Revenue TTM Cr 6,772.17 4,799.65 4,920.76 2,097.66 2,082.80
Net Profit TTM Cr 1,208.22 264.55 1,087.01 522.46 395.83
PE TTM 4.85 120.57 4.55 4.15 5.60
1 Year Return -11.61 165.02 13.54 18.87 28.07
ROCE 28.07 5.82 57.54 50.66 35.63
ROE 34.37 4.65 50.95 39.04 27.39
INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 4,064.75 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 29,068.81 33,709.58
LAST 3M 68,518.10 30,558.15
LAST 6M 130,081.93 64,349.19
LAST 12M 189,941.35 208,211.24

JK Paper Ltd Information

Stock PE (TTM)
4.85
Promoter Holding
49.63%
Book Value
272.0471
ROCE
28.07%
ROE
34.37%
Description
  • 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. 

    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose

Registered Address

P O Central Pulp Mills, Fort Songadh, Tapi, Gujarat, 394660

Tel : 91-02624-220228/220278-80
Email : sharesjkpaper:jkmail.com; cmp:cmpjk.jkmail.com
Website : http://www.jkpaper.com
Registrar

MCS Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 532162
NSE Code : JKPAPER
Book Closure Date (Month) : Aug/Sep
BSE Group : A
ISIN : INE789E01012

FAQ’s on JK Paper Ltd Shares

You can buy JK Paper Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy JK Paper Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Mar 28, 2024 03:59 PM the closing price of JK Paper Ltd was ₹ 322.45.

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 Mar 28, 2024 03:59 PM, the market cap of JK Paper Ltd stood at ₹ 5,462.37.

The latest PE ratio of JK Paper Ltd as of Mar 28, 2024 03:59 PM is 4.85

The latest PB ratio of JK Paper Ltd as of Mar 28, 2024 03:59 PM is 0.84

The 52-week high of JK Paper Ltd share price is ₹ 452.00 while the 52-week low is ₹ 306.40

Download Our

Download App
market app