JKPAPERForest Materials

JK Paper Limited

Paper & Paper Products · ISIN INE789E01012 · BSE 532162 · NSE EQ · FV ₹10
Last price
₹418
+0.17%today
What this company does

JK Paper Limited operates in Paper & Paper Products, part of the Forest Materials sector. It booked ₹1,887 cr of revenue in its latest quarter (Q1 FY27) and kept 6.9% of sales as profit. It is the largest of 9 Paper & Paper Products companies we track, by market value.

In the report:
54out of 100
Equitytale Health Score
Mixed

Healthier than 54% of listed companies we score, on all six measures of filed financials. Each measure is ranked against the 611–2,858 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
60

At close. Not part of the score.

Profitability & returns42

How much profit it earns on the money it employs

Balance sheet43

How much it owes, and whether earnings cover the interest

Cash quality83

Whether reported profit actually arrives as cash

Growth & consistency37

Whether sales and profit have grown, and how steadily

Valuation47

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 13% vs last year
Profit up 60% vs last year
Promoters hold 53%
No promoter shares pledged
Turns profit into real cash
Watch-outs
! Thin 6.9% net margin

What if I invest in JKPAPER?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 0% a year, it would become
₹12.00 lakh

The slider starts at 0%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹418 +0.17%
latest close · 2026-09-17
1-year return
+74.3%
52-wk low ₹19252-wk high ₹442
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio14.6Low
LowAverageHigh
P/B ratio1.37Moderate
Below bookModerateHigh
EV / EBITDA7.7Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity9.4%Fair
WeakFairStrong ▸15%
Return on capital10.6%Fair
WeakFairStrong
Net margin6.9%Decent
ThinDecentStrong
EBITDA margin17.0%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.42Comfortable
LowModerateHigh ▸1
Interest cover5.6×Strong
RiskyOkayStrong ▸5×
Current ratio1.37Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹7,580 cr
Book value
₹304
EPS
₹7.18
latest quarter
Net debt
₹2,279 cr
owes more than its cash
Enterprise value
₹9,859 cr
EBITDA
₹1,284 cr
annualised
EBIT
₹888 cr
annualised
Operating margin
11.8%
Return on assets
4.9%
Earnings yield
6.87%
P/S
1.00
Sales / share
₹416.3
Tax rate
25.6%
Face value
₹10
Shares
18.1 cr
Working capital
₹795 cr
Current assets
₹2,968 cr
Current liabilities
₹2,173 cr
Delivery %
42.9%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Looks overpricedMedium confidence
Median of 2 models ₹268 vs market price ₹418 — price is 56% above it
Safety cushion-56.3%(target ≥ +20%)
Models span ₹229₹306, midpoint ₹268
Model ₹268
Price ₹418
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹1,887 cr
Other Income₹31 cr
Total Income₹1,918 cr
Cost of Materials₹1,155 cr
Purchases of Stock-in-Trade₹2 cr
Inventory Change (±)₹-46 cr
Employee Benefit Expense₹198 cr
Finance Costs₹40 cr
Depreciation & Amortisation₹99 cr
Other Expenses₹289 cr
Total Expenses₹1,736 cr
Profit before Tax₹182 cr
Tax Expense₹47 cr
Share of JV / Associates₹61 L
Net Profit₹136 cr
Net margin on total income7.1%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹1,110 cr57.8%
Employee benefit expense₹198 cr10.3%
Finance costs₹40 cr2.1%
Depreciation & amortisation₹99 cr5.1%
Other expenses₹289 cr15.1%
Tax expense₹47 cr2.4%
Profit for the period₹136 cr7.1%
Total income ₹1,918 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue1,763 cr1,966 cr1,887 cr
Total income1,782 cr1,969 cr1,918 cr
Expenses1,730 cr1,849 cr1,736 cr
Profit before tax37 cr117 cr182 cr
Tax9 cr27 cr47 cr
Net profit (owners' share)27 cr92 cr130 cr
Net margin (owners' share, on revenue)1.6%4.7%6.9%
EPS (₹)1.615.077.18
YoY (latest quarter): total income +12.9% · net profit +60.2%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹10,538 cr
Shareholder equity
₹5,521 cr
parent shareholders
Total debt
₹2,436 cr
Cash
₹157 cr
Cash flow · H1 FY26
Operating
₹509 cr
Investing
₹-501 cr
Financing
₹-11 cr
Peer comparison
Paper & Paper Products · by market value
CompanyPriceMarket capP/E
JK Paper Limitedthis company₹418₹7,580 cr14.6
West Coast Paper Mills Limited₹716₹4,732 cr8.9
Seshasayee Paper and Boards Limited₹248₹1,492 cr11.7
ANDHRA PAPER LIMITED₹72₹1,429 cr11.8
N R Agarwal Industries Limited₹629₹1,070 cr7.6
Tamil Nadu Newsprint & Papers Limited₹145₹1,001 cr43.6
Pudumjee Paper Products Limited₹102₹973 cr7.2
Emami Paper Mills Limited₹112₹677 cr4.5
Satia Industries Limited₹68₹676 cr
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.96%
trailing 12 months
Dividend / share (TTM)
₹4
Last dividend
₹4
ex 19 Aug 2026
ActionDetailEx-date
Dividend₹4 / share19 Aug 2026
Dividend₹5 / share18 Aug 2025
Dividend₹5 / share20 Aug 2024
Dividend₹3.5 / share16 Feb 2024
Dividend₹4 / share18 Aug 2023
Dividend₹4 / share17 Feb 2023
Who owns it · 2026-06-30
No pledge
Promoter
52.9%
FII / Foreign
11.4%
DII / Domestic
6.3%
Retail / others
29.4%
Promoter stake up 3.3% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtAnshuman Singhania, Karta of Shripati Singhania HUF, Partner of M/s Yashodhan Enterprises · Promoter Group1.93 L · ₹6.0 cr28 Mar 22
BoughtVikrampati Singhania · Promoter Group89,700 · ₹74.5 L18 Mar 20
BoughtHarsh Pati Singhania · Promoter Group81,777 · ₹68.1 L18 Mar 20
Bulk / block deals
short · NSE123 Jul 26
short · NSE20021 Jul 26
short · NSE10019 May 26
Stake changes
BoughtAccurate Finman Services Ltd · promoter→ 1.15% · 18.66 L20 Mar 26
BoughtJk Credit · promoter→ 5.63% · 1.00 cr20 Mar 26
DisposalAnshuman Singhania Karta of shripati Singhania HUF · promoter→ 49.63%29 Mar 22
What shareholders were asked to approve
1 proposal passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 2 Sep 2026
See the official result
1
Consideration and adoption of (a) the audited standalone financial statements of the Company for the financial year ended 31st March 2026 and the Reports of the Auditors and Board of Directors thereon; and (b) the audited consolidated financial statements of the Company for the financial year ended 31st March 2026 and the Report of the Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
4.08 cr votes for, 2,002 against · 0% of mutual funds and other big investors said no
2
Declaration of Final Dividend of Rs. 4/- per equity share for the financial year ended 31st March 2026.
Backed by 100% of shareholders other than promotersneeded 50%
4.09 cr votes for, 2,100 against · 0% of mutual funds and other big investors said no
3
Re-appointment of Smt. Vinita Singhania (DIN: 00042983) as a Director of the Company liable to retire by rotation and continuation of her appointment as a Non-Executive Director of the Company on attaining the age of 75 years.
Promoters had a personal stake in this
Backed by 81% of shareholders other than promotersneeded 75%
3.32 cr votes for, 77.10 L against · 28% of mutual funds and other big investors said no
4
Ratification of remuneration payable to M/s R.J. Goel & Co., Cost Auditors for the financial year 2026-27.
Backed by 100% of shareholders other than promotersneeded 50%
4.09 cr votes for, 2,294 against · 0% of mutual funds and other big investors said no
6
Re-appointment of Shri Harsh Pati Singhania (DIN: 00086742) as Chairman & Managing Director of the Company for a term of five years with effect from 1st January 2027.
⚑ Passed only because promoters voted yesPromoters had a personal stake in this
Backed by 52% of shareholders other than promotersneeded 75%
2.12 cr votes for, 1.97 cr against · 71% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 49 named members
owning 52.9% between them · as of 2026-06-30
BENGAL & ASSAM COMPANY LTD43.92%
J.K. CREDIT & FINANCE LIMITED5.63%
ACCURATE FINMAN SERVICES LIMITED1.15%
RAGHUPATI SINGHANIA0.47%
VINITA SINGHANIA0.40%
HARSH PATI SINGHANIA0.25%
VIKRAM PATI SINGHANIA0.25%
BHARAT HARI SINGHANIA0.14%
Business done with them
FY2025 · 2 of the group
The company paid ₹21 L to companies in the promoter group last year — about 0.0% of its ₹6,718 cr revenue and received ₹5 cr back from them.
BENGAL & ASSAM COMPANY LIMITED
Other income from them · The following transactions were carried out with related parties in the ordinary course of business and on arm’s length basis
also owns 43.92% of the company
₹5 cr
company received
Smt. Vinita Singhania
Other payments to them · Transactions were carried out with related parties in the ordinary course of business and on arm’s length basis
also owns 0.40% of the company
₹21 L
company paid
BENGAL & ASSAM COMPANY LIMITED
Leases As Lessee · The following transactions were carried out with related parties in the ordinary course of business and on arm’s length basis
also owns 43.92% of the company
₹9 L
company received

The company also transacted with 19 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.