JKPAPER

JK Paper share price & financials

Price
₹349.9
Market cap
₹7.5k Cr
Sector
Forest Materials
Calls analysed
4
Latest concall · Q4 FY24 · call held 21 May 2024

JK Paper Q4 FY24

FY24 EBITDA Margin 26%

FY24 EBITDA Margin 26%. FY24 consolidated EBITDA margin stood at 26%-27%, exceeding the industry's long-term average.

Read the full call →

What JK Paper does

JK Paper Limited manufactures uncoated and coated writing & printing paper, packaging boards (including virgin fibre board), and pulp at three integrated pulp-and-paper units located in Odisha, Gujarat and Telangana. It has diversified into corrugated packaging through acquired subsidiaries (Horizon Packs, Securipax Packaging, Radhesham Wellpack and Manipal Utility Packaging Solution) to serve FMCG, e-commerce and industrial customers, and secures part of its wood raw material through its own farm-forestry plantation programme. The company sells paper and board through a network of regional offices, trade partners and dealers, and is part of the century-old, diversified JK Organisation.

Segments

  • Paper
  • Packaging Board
  • Corrugated Packaging
Manufacturing units
3 integrated pulp & paper mills — JKPM (Rayagada, Odisha), CPM (Fort Songadh, Gujarat), Sirpur (Telangana)
Corrugated packaging plants
7 plants across India (via HPPL and SPPL acquisition)
Installed paper & board capacity
761,000 tonnes per annum saleable product
Installed pulp capacity
475,000 tonnes per annum (bone-dry)
Distribution network
4 regional offices, 450 trade partners, over 4,000 dealers
Market position
Market leader in copier paper; among leading players in coated paper and packaging board (company estimates)
Founded 1960Headquarters Fort Songadh, Gujarat (registered office); New Delhi (corporate office) Company website

Guidance record · Q4 FY24

what the last two calls moved 8 tracked 4 delivered 3 missed 1 open
  • Debt Repayment Amount delivered said Q4 FY22 Promised: ₹300-350 Crores per annum Q4 FY24: ₹600 crore repayment completed
  • Ludhiana Plant Timeline missed said Q4 FY22 Promised: Oct, Nov 2022 Q4 FY24: Commissioned August 2023
  • Mechanical Pulp Integration open said Q4 FY24 Promised: 70% integrated by FY25-26 Q4 FY24: 70%

All 8 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 6.3%, net profit up 48.7% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue1,424 1,390 1,652 1,600 1,421 −0%1,560 +12%1,807 +9%1,700 +6%
EBITDA222 140 199 226 165 −26%133 −5%226 +14%235 +4%
Net profit121 61 74 76 57 −53%15 −75%83 +12%113 +49%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +4.0% 1Y

₹300₹350₹400Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹398.25 on 10 Sept 2025 → ₹414.25. High ₹426.25 (3 Oct 2025), low ₹306.4 (30 Mar 2026).

Financials, as filed

Revenue fell 0.2% a year over 3 years, FY23 to FY26. Operating margin narrowed to 11.7%.

Year endingFY23FY24FY25FY26
Revenue₹6.4k Cr₹5.9k Cr₹5.9k Cr₹6.4k Cr
Operating profit₹2.0k Cr₹1.3k Cr₹773 Cr₹750 Cr
Operating margin31.2%22.1%13.0%11.7%
Interest₹222 Cr₹179 Cr₹151 Cr₹191 Cr
Depreciation₹283 Cr₹243 Cr₹262 Cr₹291 Cr
Net profit₹1.2k Cr₹902 Cr₹365 Cr₹231 Cr
Net margin18.8%15.4%6.1%3.6%
Cash from operations₹1.4k Cr₹932 Cr₹469 Cr₹518 Cr
Free cash flow₹1.3k Cr₹804 Cr₹267 Cr₹70 Cr
ROCE25.0%18.0%9.0%7.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹169 Cr₹169 Cr₹169 Cr₹169 Cr₹169 Cr₹181 Cr
Reserves₹2.4k Cr₹2.9k Cr₹3.6k Cr₹4.4k Cr₹5.3k Cr₹4.8k Cr
Borrowings₹2.3k Cr₹2.7k Cr₹2.4k Cr₹1.9k Cr₹2.1k Cr₹2.2k Cr
Other liabilities₹1.1k Cr₹1.4k Cr₹1.6k Cr₹1.5k Cr₹2.2k Cr₹1.7k Cr
Total liabilities₹6.0k Cr₹7.1k Cr₹7.8k Cr₹7.9k Cr₹9.8k Cr₹8.8k Cr
Fixed assets₹2.4k Cr₹4.5k Cr₹4.3k Cr₹4.2k Cr₹6.2k Cr₹4.7k Cr
Capital work in progress₹1.6k Cr₹33 Cr₹30 Cr₹54 Cr₹356 Cr₹419 Cr
Investments₹865 Cr₹997 Cr₹1.8k Cr₹2.0k Cr₹806 Cr₹1.3k Cr
Other assets₹1.2k Cr₹1.6k Cr₹1.6k Cr₹1.6k Cr₹2.5k Cr₹2.5k Cr
Total assets₹6.0k Cr₹7.1k Cr₹7.8k Cr₹7.9k Cr₹9.8k Cr₹8.8k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, the public trimmed −3.74 pp while promoters added +3.31 pp. The shareholder count shrank 14% to 1,30,169.

Promoters
52.9%
FIIs
11.4%
DIIs
6.3%
Public
29.4%

Since Jun 2025

  • Public −3.74 pp
  • Promoters +3.31 pp
  • DIIs +0.80 pp

How it drifted, 12 quarters

Over this window the public fell from 36.3% to 29.4% — −6.9 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 49.6%, FIIs 10.9%, DIIs 3.2%, Public 36.3%.Dec '23: Promoters 49.6%, FIIs 10.8%, DIIs 3.4%, Public 36.3%.Mar '24: Promoters 49.6%, FIIs 9.3%, DIIs 3.7%, Public 37.4%.Jun '24: Promoters 49.6%, FIIs 12.1%, DIIs 5.7%, Public 32.6%.Sep '24: Promoters 49.6%, FIIs 11.4%, DIIs 5.8%, Public 33.2%.Dec '24: Promoters 49.6%, FIIs 12.2%, DIIs 5.5%, Public 32.6%.Mar '25: Promoters 49.6%, FIIs 11.9%, DIIs 5.5%, Public 33.0%.Jun '25: Promoters 49.6%, FIIs 11.8%, DIIs 5.5%, Public 33.1%.Sep '25: Promoters 49.6%, FIIs 11.5%, DIIs 5.6%, Public 33.3%.Dec '25: Promoters 49.6%, FIIs 12.1%, DIIs 5.9%, Public 32.4%.Mar '26: Promoters 52.9%, FIIs 11.6%, DIIs 6.2%, Public 29.3%.Jun '26: Promoters 52.9%, FIIs 11.4%, DIIs 6.3%, Public 29.4%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of JK Paper above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Bengal & Assam Company Ltd. 43.92%unchanged
J.K. Credit And Finance Limited 5.63%unchanged
Pradip Kumar Khaitan jointly with Shreekant Somany (Trustees, JK Paper Employees' Welfare Trust) 4.65%unchanged
UTI Aggressive Hybrid Fund Mutual fund4.03%+0.26 pp
Accurate Finman Services Limited 1.15%unchanged
Raghupati Singhania 0.47%unchanged
Vinita Singhania 0.40%unchanged
Harsh Pati Singhania 0.25%unchanged
Vikram Pati Singhania 0.25%unchanged
NAV Bharat Vanijya Limited 0.14%unchanged
Bharat Hari Singhania 0.14%unchanged
Sunanda Singhania 0.11%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in JKPAPER

Filings to Jul 2026

0 new, 0 added, 0 trimmed, 0 sold out — net +0.00 L shares (+0.0%).

Held by funds
₹15 Cr
1 schemes
Biggest holder
HDFC Equity Savings Fund
₹15 Cr · 0.3% of that fund
SchemeHoldingLast month
HDFC Equity Savings Fund HDFC Mutual Fund₹15 Crheld

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Jul 2026

0 added, 0 trimmed — net 0 shares (+0.0%)

Funds are sitting on
-22%
vs est. average cost
Held by funds
₹15 Cr
1 schemes · ≈ 0.18% of the company

Shares held by these funds +584%

Jul '23 3.90 L shares Jul '26

All earnings calls (4)

Read the Q4 FY24 call →

Learn to analyse JK Paper

Guides on how to read this kind of business and the numbers that matter.