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JK Paper Ltd: Stock Analysis & Fundamentals

Updated this week

JK Paper Ltd (Paper) — fundamental analysis, earnings data, and key metrics. PE: 22.3. ROE: 5.1%. This stock is not currently in the Nifty 500 momentum outperformers list.

JK Paper Ltd Key Facts

What's Happening

💪Debt reduced 18% YoY — balance sheet strengthening

Earnings Acceleration Triggers

1. Value Added Product Mix Shift
OngoingHIGH
2. Regulatory Approval Or License Win
March 2026MEDIUM

Key Risks

1. High domestic wood prices are weighing on operating margins
HIGH
2. Cheap imports from ASEAN/China are depressing sales realizations
MEDIUM
3. Rupee depreciation against the Euro increased finance costs to INR 37
MEDIUM

Sector-Specific Signals

Capacity Utilisation90%
Sales RealizationDepressedLower
Wood CostHighHigher
Fixed Asset BaseINR 6,204.72 Cr

Key Numbers

Current Price
₹342
Dividend Yield
1.46%
Market Cap
6.2K Cr
Valuation
N/A

Why Are JK Paper Ltd's Earnings Accelerating?

Based on Q3 FY26 (web) earnings • Updated Apr 19, 2026

Value Added Product Mix Shift

Expected: OngoingHIGH confidence

What: Packaging segment growth: Fastest growing segment

Regulatory Approval Or License Win

Expected: March 2026MEDIUM confidence

What: Tax demand cancellation: INR 49.53 Cr

Impact: INR 49.53 Cr

What Are the Key Risks for JK Paper Ltd?

Earnings deceleration risks from management commentary

High domestic wood prices are weighing on operating margins

HIGH

Trigger: High domestic wood prices are weighing on operating margins.

Management view: Anticipating reduction in input costs in coming quarters.

Monitor: commodity

Cheap imports from ASEAN/China are depressing sales realizations

MEDIUM

Trigger: Cheap imports from ASEAN/China are depressing sales realizations.

Management view: Focusing on value-added packaging segments.

Monitor: regulatory

Rupee depreciation against the Euro increased finance costs to INR 37

MEDIUM

Trigger: Rupee depreciation against the Euro increased finance costs to INR 37.09 Cr.

Impact: PAT impact: INR 20.13 Cr increase in interest

Management view: Not Given

Monitor: fx

What Did JK Paper Ltd Report This Quarter?

Headline numbers from the latest earnings call

Revenue

INR 1,781.65 Cr

YoY +7.7%QoQ +0.8%

Revenue growth was supported by the consolidation of recent acquisitions like Borkar Packaging despite operational shutdowns.

EBITDA

INR 181.51 Cr

YoY -57.6%Margin 10.19%

EBITDA margins were severely compressed due to higher wood costs and lower realizations from cheap imports.

PAT

INR 27.53 Cr

YoY -57.8%QoQ -64.7%

Profitability was hit by planned maintenance shutdowns at two major plants and increased finance costs from Euro-denominated debt.

Other Highlights

• Finance costs rose to INR 37.09 Cr from INR 16.96 Cr YoY due to rupee depreciation against the Euro.

• Total expenses increased 10.1% YoY to INR 1,730.28 Cr.

• Borkar Packaging shareholding increased to 71.96% during the quarter.

What Sector Metrics Matter for JK Paper Ltd?

Sub-sector-specific signals from the latest concall — each with management's stated reason for the change

Capacity Utilisation

90%

Why: High utilization levels prompted the next phase of expansion.

Sales Realization

Depressed

YoY Lower

Why: Continued imports at cheaper rates from international markets.

Wood Cost

High

YoY Higher

Why: Ongoing high domestic wood prices weighing on margins.

Fixed Asset Base

INR 6,204.72 Cr

Why: Reflects the company's substantial manufacturing infrastructure.

What Is JK Paper Ltd's Management Guidance?

Forward-looking targets from management for 3 years

Revenue Growth Target

7.6%

Capex Plan

₹500 Cr

Revenue Outlook

7.6%

Margin Outlook

Anticipated improvement in coming quarter

Capex Plan

INR 500 Cr

Hybrid Power Project

Volume

Growth of 15 to 18% easily if there is demand

Management Tone: CAUTIOUS

Guidance Changes

LOWERED

BCTMP Plant Timeline: Q4 FY26 → Q1 FY27

Advanced stages of erection and commissioning requirements

The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Apr 19, 2026.

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Frequently Asked Questions: JK Paper Ltd

Based on publicly available financial data. This is educational research, not investment advice.

What were JK Paper Ltd's latest quarterly results?

JK Paper Ltd's latest quarterly results (Mar 2026) show

  • PAT Growth YoY: +34.3%
  • Revenue Growth YoY: +17.2%
  • Operating Margin: 14.0%

What is JK Paper Ltd's current PE ratio?

JK Paper Ltd's current PE ratio is 22.3x.

  • Current PE: 22.3x
  • Market Cap: 6.2K Cr
  • Dividend Yield: 1.46%

What is JK Paper Ltd's price-to-book ratio?

JK Paper Ltd's price-to-book ratio is 1.1x.

  • Price-to-Book (P/B): 1.1x
  • Book Value per Share: ₹304
  • Current Price: ₹342

Is JK Paper Ltd a fundamentally strong company?

JK Paper Ltd's fundamental strength based on key financial ratios

  • Return on Capital (ROCE): 8.0%

Is JK Paper Ltd debt free?

JK Paper Ltd has a debt-to-equity ratio of N/A.

  • Total Debt: ₹3,000 Cr

What is JK Paper Ltd's return on equity (ROE) and ROCE?

JK Paper Ltd's return ratios over recent years

  • FY2024: ROCE 20.0%
  • FY2025: ROCE 9.0%
  • FY2026: ROCE 8.0%

Is JK Paper Ltd's cash flow positive?

JK Paper Ltd's operating cash flow is positive (FY2026).

  • Cash from Operations (CFO): ₹773 Cr
  • Free Cash Flow (FCF): ₹-63 Cr
  • CFO/PAT Ratio: 282% (strong cash conversion)

What is JK Paper Ltd's dividend yield?

JK Paper Ltd's current dividend yield is 1.46%.

  • Dividend Yield: 1.46%
  • Current Price: ₹342

Who holds JK Paper Ltd shares — promoters, FII, DII?

JK Paper Ltd's shareholding pattern (Mar 2026)

  • Promoters: 52.9%
  • FII (Foreign): 11.6%
  • DII (Domestic): 6.2%
  • Public: 29.3%

Is promoter holding increasing or decreasing in JK Paper Ltd?

JK Paper Ltd's promoter holding has increased recently.

  • Current Promoter Holding: 52.9% (Mar 2026)
  • Previous Quarter: 49.6% (Dec 2025)
  • Change: +3.31% (increasing — positive signal)

Is JK Paper Ltd a new momentum entry or an established outperformer?

JK Paper Ltd is an established outperformer with 1 weeks of consecutive Nifty 500 outperformance.

What are the growth catalysts for JK Paper Ltd?

JK Paper Ltd has 2 key growth catalysts identified from recent earnings analysis

  • Value Added Product Mix Shift — Shift toward packaging reduces reliance on volatile writing/printing paper markets.
  • Regulatory Approval Or License Win — Removes a significant financial contingency and potential cash outflow.

What are the key risks in JK Paper Ltd?

JK Paper Ltd has 3 key risks worth monitoring

  • [HIGH] High domestic wood prices are weighing on operating margins — High domestic wood prices are weighing on operating margins.
  • [MEDIUM] Cheap imports from ASEAN/China are depressing sales realizations — Cheap imports from ASEAN/China are depressing sales realizations.
  • [MEDIUM] Rupee depreciation against the Euro increased finance costs to INR 37 — Rupee depreciation against the Euro increased finance costs to INR 37.09 Cr.

What is JK Paper Ltd's management guidance for growth?

JK Paper Ltd's management has provided the following forward guidance for 3 years

  • Revenue growth target: 7.6%
  • Margin outlook: Anticipated improvement in coming quarter
  • Capex plan: ₹500 Cr for Hybrid Power Project
  • Management tone: cautious
  • Milestone: [LOWERED] BCTMP Plant Timeline: Q4 FY26 → Q1 FY27

What sector-specific metrics matter most for JK Paper Ltd?

JK Paper Ltd's most important sub-sector-specific KPIs from the latest concall

  • Capacity Utilisation: 90% — High utilization levels prompted the next phase of expansion.
  • Sales Realization: Depressed (YoY Lower) — Continued imports at cheaper rates from international markets.
  • Wood Cost: High (YoY Higher) — Ongoing high domestic wood prices weighing on margins.
  • Fixed Asset Base: INR 6,204.72 Cr — Reflects the company's substantial manufacturing infrastructure.

Is JK Paper Ltd worth studying for long term investment?

Based on quantitative research signals, here is why JK Paper Ltd may be worth studying

  • Cash flow is positive — CFO ₹773 Cr

What is the investment thesis for JK Paper Ltd?

JK Paper Ltd investment thesis summary:

Research Signals (Bull Case)

  • Growth catalyst: Value Added Product Mix Shift

Risk Factors (Bear Case)

  • Key risk: High domestic wood prices are weighing on operating margins

What is the future outlook for JK Paper Ltd?

JK Paper Ltd's forward outlook based on current data signals

  • Key Catalyst: Value Added Product Mix Shift
  • Key Risk: High domestic wood prices are weighing on operating margins

The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.