JK Paper was founded in 1960 and has established itself as a leading entity in the paper industry. The company is known for its diverse range of paper products, which include writing and printing paper, packaging boards, and specialty papers. JK Paper caters to multiple market segments, offering high-quality copier paper for photocopying and printing, durable packaging boards for packaging needs, and specialty papers such as carbonless, thermal, and colored papers.
The company operates two major manufacturing facilities in India. The Rayagada Mill in Odisha specializes in producing coated and uncoated paper, while the Central Pulp Mills in Gujarat focus on pulp and paper manufacturing. Committed to sustainability, JK Paper emphasizes responsible sourcing of raw materials and efficient energy utilization to ensure environmental conservation and sustainable practices.
About JK Paper
JK Paper, a key player in the paper industry since 1962, has built a strong reputation with its diverse product range, including office paper, writing and printing paper, packaging boards, and specialty papers marketed under brands such as JK Copier, JK Easy Copier, and JK Sparke. The company’s success is underpinned by a vast distribution network of over 450 trade partners, 4,000 dealers, 14 depots across India, and two Quick Service centers, ensuring efficient and prompt service. In a strategic move to enhance its manufacturing capabilities, JK Paper and its subsidiary acquired Sirpur Paper Mills Ltd. in Telangana under the Insolvency and Bankruptcy Code, investing to revive and stabilize its operations. With integrated facilities in Odisha, Gujarat, and Telangana, the company has increased its production capacity from 5,91,000 TPA to 7,61,000 TPA, achieving utilization levels of up to 103% in FY23. Expanding further, JK Paper acquired Horizon Packs Pvt. Ltd. and Securipax Packaging Pvt. Ltd., positioning itself as a leading player in India’s corrugated packaging market. Additionally, its global reach now extends to over 60 countries, cementing its status as a global industry leader.
Latest news on JK Paper Ltd
Recent reports from ratings agency ICRA indicate that the paper industry, including JK Paper, is projected to achieve revenue growth between 6% and 9% in the current financial year. This growth is expected to be driven by increased capacity commercialization, particularly in the packaging segment. However, debt levels for companies like JK Paper may remain high due to ongoing and upcoming debt-funded capital expenditures.
In the financial year 2024, JK Paper faced challenges due to significant increases in raw material costs and lower realizations across its product categories, which impacted its overall performance. Despite these challenges, the outlook remains positive. According to Srikumar Krishnamurthy from ICRA, the new education policy is anticipated to boost demand for writing and printing paper, while higher volume growth is expected in the packaging segment with stability in pricing moving forward. The projected revenue growth for the sector is likely to be volume-led.
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | |
| Promoters + | 49.64% | 49.64% | 49.64% | 49.64% | 49.64% |
| FIIs + | 10.46% | 10.90% | 10.75% | 9.26% | 12.09% |
| DIIs + | 3.11% | 3.18% | 3.37% | 3.71% | 5.71% |
| Public + | 36.79% | 36.29% | 36.25% | 37.39% | 32.56% |
| No. of Shareholders | 1,38,968 | 1,40,739 | 1,43,484 | 1,43,614 | 1,23,165 |
In June 2024, JK Paper’s shareholding pattern reflects a stable position for promoters, holding a consistent 49.64% stake over the past five quarters. Foreign Institutional Investors (FIIs) showed a fluctuating trend, with their shareholding rising from 10.46% in June 2023 to 12.09% by June 2024, despite a dip to 9.26% in March 2024. Domestic Institutional Investors (DIIs) steadily increased their stake from 3.11% in June 2023 to 5.71% in June 2024. Meanwhile, public shareholding saw a decline from 36.79% in June 2023 to 32.56% in June 2024, reflecting a shift towards more institutional ownership. The number of shareholders peaked at 1,43,614 in March 2024 but decreased to 1,23,165 by June 2024, suggesting consolidation or a shift in investor composition during this period.
Below are the trading platforms that you can use to purchase JK Paper shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| September 2024 | 488.55 | 424.83 |
| October 2024 | 483.72 | 420.62 |
| November 2024 | 503.07 | 437.45 |
| December 2024 | 508.10 | 441.82 |
In 2024, JK Paper is expected to experience price fluctuations with the maximum and minimum prices projected as follows: In September, JK Paper’s maximum price is anticipated to reach ₹488.55, while the minimum price is likely to be ₹424.83. By December, JK Paper’s maximum price is forecasted to be ₹508.10, with a minimum price of ₹441.82.
| When | Maximum Price | Minimum Price |
| January 2025 | 513.18 | 394.75 |
| February 2025 | 518.36 | 398.74 |
| March 2025 | 529.25 | 407.11 |
| April 2025 | 524.01 | 403.08 |
| May 2025 | 508.74 | 391.34 |
| June 2025 | 531.64 | 408.95 |
| July 2025 | 521.21 | 400.93 |
| August 2025 | 537.33 | 413.33 |
| September 2025 | 543.78 | 418.29 |
| October 2025 | 557.92 | 429.17 |
| November 2025 | 571.87 | 439.90 |
| December 2025 | 597.60 | 459.69 |
In 2025, JK Paper is projected to see the following price range: In January, JK Paper’s maximum price is anticipated to be ₹513.18, with a minimum price of ₹394.75. By December, JK Paper’s maximum price is expected to reach ₹597.60, while the minimum price is forecasted to be ₹459.69.
| When | Maximum Price | Minimum Price |
| January 2026 | 615.53 | 473.48 |
| February 2026 | 600.14 | 461.65 |
| March 2026 | 612.14 | 470.88 |
| April 2026 | 624.64 | 480.49 |
| May 2026 | 618.45 | 475.73 |
| June 2026 | 633.91 | 487.63 |
| July 2026 | 621.48 | 478.06 |
| August 2026 | 640.71 | 492.85 |
| September 2026 | 653.52 | 502.71 |
| October 2026 | 670.51 | 515.78 |
| November 2026 | 687.27 | 528.67 |
| December 2026 | 704.46 | 541.89 |
| When | Maximum Price | Minimum Price |
| January 2027 | 711.50 | 547.31 |
| February 2027 | 729.74 | 561.34 |
| March 2027 | 758.20 | 583.23 |
| April 2027 | 743.34 | 571.80 |
| May 2027 | 721.69 | 555.14 |
| June 2027 | 754.16 | 580.12 |
| July 2027 | 739.37 | 568.75 |
| August 2027 | 762.24 | 586.34 |
| September 2027 | 788.92 | 606.86 |
| October 2027 | 809.43 | 622.64 |
| November 2027 | 829.67 | 638.21 |
| December 2027 | 850.41 | 654.16 |
| When | Maximum Price | Minimum Price |
| January 2028 | 867.42 | 667.24 |
| February 2028 | 889.66 | 684.35 |
| March 2028 | 924.36 | 711.04 |
| April 2028 | 906.23 | 697.10 |
| May 2028 | 879.84 | 676.80 |
| June 2028 | 919.43 | 707.25 |
| July 2028 | 901.40 | 693.39 |
| August 2028 | 929.28 | 714.83 |
| September 2028 | 961.80 | 739.85 |
| October 2028 | 986.81 | 759.09 |
| November 2028 | 1,011.48 | 778.06 |
| December 2028 | 1,036.77 | 797.51 |
| When | Maximum Price | Minimum Price |
| January 2029 | 1,057.50 | 813.46 |
| February 2029 | 1,084.62 | 834.32 |
| March 2029 | 1,126.92 | 866.86 |
| April 2029 | 1,104.82 | 849.86 |
| May 2029 | 1,072.64 | 825.11 |
| June 2029 | 1,120.91 | 862.24 |
| July 2029 | 1,098.93 | 845.33 |
| August 2029 | 1,132.92 | 871.48 |
| September 2029 | 1,172.57 | 901.98 |
| October 2029 | 1,203.06 | 925.43 |
| November 2029 | 1,233.14 | 948.57 |
| December 2029 | 1,263.97 | 972.28 |
| When | Maximum Price | Minimum Price |
| January 2030 | 1,289.24 | 991.73 |
| February 2030 | 1,322.30 | 1,017.16 |
| March 2030 | 1,373.87 | 1,056.82 |
| April 2030 | 1,346.93 | 1,036.10 |
| May 2030 | 1,307.70 | 1,005.92 |
| June 2030 | 1,366.55 | 1,051.19 |
| July 2030 | 1,339.75 | 1,030.58 |
| August 2030 | 1,381.19 | 1,062.45 |
| September 2030 | 1,429.53 | 1,099.64 |
| October 2030 | 1,466.70 | 1,128.23 |
| November 2030 | 1,503.37 | 1,156.44 |
| December 2030 | 1,540.95 | 1,185.35 |
In 2030, JK Paper is expected to experience the following price trends: In January, JK Paper’s maximum price will be ₹1,289.24, with a minimum price of ₹991.73. By December, JK Paper’s maximum price is projected to rise to ₹1,540.95, while the minimum price will be ₹1,185.35.
JK Paper’s Financial Condition (Last 5 Years)
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 3,060 | 2,751 | 3,969 | 6,437 | 6,659 | 6,789 |
| Expenses + | 2,189 | 2,188 | 2,971 | 4,425 | 5,044 | 5,370 |
| Operating Profit | 871 | 563 | 997 | 2,012 | 1,616 | 1,419 |
| OPM % | 28% | 20% | 25% | 31% | 24% | 21% |
| Other Income + | 104 | 111 | 124 | 139 | 227 | 201 |
| Interest | 129 | 129 | 132 | 222 | 208 | 192 |
| Depreciation | 149 | 174 | 193 | 282 | 310 | 310 |
| Profit before tax | 696 | 370 | 797 | 1,646 | 1,325 | 1,117 |
| Tax % | 33% | 36% | 32% | 27% | 14% | |
| Net Profit + | 468 | 237 | 544 | 1,208 | 1,133 | 961 |
| EPS in Rs | 26.67 | 14.16 | 32.03 | 70.59 | 66.22 | 56.25 |
| Dividend Payout % | 15% | 28% | 17% | 11% | 13% |
JK Paper’s financial performance has shown notable growth and fluctuations over the past five years. In the fiscal year ending March 2024, the company achieved sales of ₹6,659 crore, a slight increase from ₹6,437 crore in the previous year. Expenses have also risen to ₹5,044 crore from ₹4,425 crore, impacting the operating profit, which decreased to ₹1,616 crore from ₹2,012 crore. The Operating Profit Margin (OPM) saw a decline to 24% in March 2024 from 31% in March 2023.
Despite higher expenses, the company’s other income grew significantly to ₹227 crore, up from ₹139 crore. Interest expenses decreased slightly to ₹208 crore from ₹222 crore, while depreciation increased to ₹310 crore from ₹282 crore. Profit before tax (PBT) also fell to ₹1,325 crore from ₹1,646 crore, reflecting pressures on profitability.
The effective tax rate dropped significantly to 14% in March 2024 from 27% in March 2023, contributing to a net profit of ₹1,133 crore, a decrease from ₹1,208 crore. Earnings per Share (EPS) decreased to ₹66.22 from ₹70.59. The dividend payout ratio remained relatively low at 13%, compared to 11% the previous year.
FAQS
As of August 30th, 2024, the share price of JK Paper stands at ₹469.
The Share Price Prediction of JK Paper is projected to reach ₹597.60 by the end of 2025.
The Maximum share Price Prediction of JK Paper is expected to reach ₹1,540.95 by the end of 2030.
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Conclusion
JK Paper is well-positioned for continued growth and success. Despite facing short-term challenges, the company’s strategic investments, strong distribution network, and expansion efforts are expected to drive significant future revenue and market value. With projected share prices rising to ₹597.60 by the end of 2025 and potentially reaching ₹1,540.95 by December 2030, JK Paper shows a promising financial trajectory. Its commitment to sustainability and strategic acquisitions further strengthens its market position, making it a compelling investment for the future.
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