Imagine a world without paper—no notebooks to scribble in, no packaging to protect your deliveries. That’s where JK Paper steps in, the big shot in making office supplies, coated papers, and packaging boards since 1962. They’re like the A-listers of the paper gang, respected and trusted.
You know, paper might not always steal the spotlight, but it’s everywhere, right? From jotting down your thoughts to wrapping up your online orders, it’s in the background, quietly making life work.
This article isn’t just about numbers; it’s about the hustle and bustle behind the scenes. It’s diving into how JK Paper does its thing, the ups and downs of the paper world, and how that affects what you scribble on or how your packages arrive. It’s like peeking behind the curtain to see the story behind their big plans and how it all connects to the stuff we use every day.
About JK Paper
JK Paper, a prominent player in the paper industry, has established itself as a cornerstone since its inception in 1962. Renowned for its diversified product range encompassing office paper, writing and printing paper, packaging board, and specialty paper, JK Paper boasts an extensive portfolio marketed through various brands like JK Copier, JK Easy Copier, and JK Sparke.
Central to its success is a robust distribution network comprising over 450 trade partners, 4000 dealers, 14 pan-India depots, and 2 Quick Service centers. This expansive network significantly reduces turnaround time, ensuring prompt and efficient customer service.
In a strategic move, JK Paper, alongside its subsidiary, acquired Sirpur Paper Mills Ltd under the Insolvency and Bankruptcy Code, bolstering its manufacturing capabilities with a facility in Kagaznagar, Telangana. Despite challenges, JK Paper diligently worked towards reviving and stabilizing the acquired business, investing additional funds for operational stability.
With integrated manufacturing facilities across Odisha, Gujarat, and Telangana, JK Paper efficiently moderates logistics costs and accelerates product delivery. Notably, its manufacturing capacity has surged from 5,91,000 TPA to 7,61,000 TPA, leveraging its facilities to achieve utilization levels of up to 103% in FY23.
Expanding its horizons, JK Paper made strategic acquisitions of Horizon Packs Pvt. Ltd. and Securipax Packaging Pvt. Ltd., becoming a major force in India’s corrugated packaging market. Furthermore, the company’s global footprint spans across 60 countries, leveraging its distribution prowess to serve a widespread customer base, affirming its position as a global industry leader.
Shareholding Pattern of JK Paper
| 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 |
June 2024, JK Paper’s shareholding pattern shows stability for promoters, who have consistently held 49.64% of the shares over the past five quarters. Foreign Institutional Investors (FIIs) experienced a varying trend, with their ownership increasing 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) gradually increased their stake from 3.11% in June 2023 to 5.71% in June 2024. Conversely, public shareholding decreased from 36.79% in June 2023 to 32.56% in June 2024, indicating a shift towards greater institutional ownership. The total number of shareholders reached a high of 1,43,614 in March 2024 but fell to 1,23,165 by June 2024, suggesting changes in investor composition or consolidation during this period.
JK Paper Share Price Target 2024 To 2030
JK Paper Share Price Target 2024
| When | Maximum Price | Minimum Price |
| September 2024 | 481.95 | 419.09 |
| October 2024 | 477.18 | 414.94 |
| November 2024 | 496.27 | 431.54 |
| December 2024 | 501.23 | 435.85 |
In 2024, JK Paper’s share price is anticipated to experience fluctuations throughout the year. In September, the maximum price is projected to reach ₹481.95, with a minimum of ₹419.09. Moving into October, JK Paper’s price is expected to peak at ₹477.18 and could dip to ₹414.94. By November, the maximum price is forecasted to be ₹496.27, while the minimum is likely to be ₹431.54. As we approach December, JK Paper’s price is anticipated to rise further, with a maximum of ₹501.23 and a minimum of ₹435.85, reflecting a strong finish to the year.
JK Paper Share Price Target 2025
| When | Maximum Price | Minimum Price |
| January 2025 | 506.24 | 389.42 |
| February 2025 | 511.36 | 393.35 |
| March 2025 | 522.10 | 401.61 |
| April 2025 | 516.93 | 397.64 |
| May 2025 | 501.87 | 386.05 |
| June 2025 | 524.46 | 403.43 |
| July 2025 | 514.17 | 395.52 |
| August 2025 | 530.07 | 407.75 |
| September 2025 | 536.44 | 412.64 |
| October 2025 | 550.38 | 423.37 |
| November 2025 | 564.14 | 433.96 |
| December 2025 | 589.53 | 453.48 |
JK Paper’s share price is expected to range from ₹506.24 to ₹389.42 in January and ₹511.36 to ₹393.35 in February. By March, prices are projected to reach a maximum of ₹522.10 and a minimum of ₹401.61. In April, the share price is anticipated to range from ₹516.93 to ₹397.64, with May seeing a peak of ₹501.87 and a low of ₹386.05. June is forecasted to have a maximum of ₹524.46 and a minimum of ₹403.43, while July’s range is expected to be ₹514.17 to ₹395.52. August may see a maximum of ₹530.07 and a minimum of ₹407.75. By September, prices are projected to be between ₹536.44 and ₹412.64. October is expected to reach ₹550.38 at its peak and ₹423.37 at its low, with November seeing a high of ₹564.14 and a low of ₹433.96. December is forecasted to end the year with a maximum of ₹589.53 and a minimum of ₹453.48.
JK Paper Share Price Target 2026 To 2030
| Year | Maximum Price | Minimum Price |
|---|---|---|
| 2026 | ₹637.11 | ₹345.67 |
| 2027 | ₹754.81 | ₹421.42 |
| 2028 | ₹838.30 | ₹513.77 |
| 2029 | ₹973.24 | ₹626.36 |
| 2030 | ₹1,186.52 | ₹763.62 |
In 2026, JK Paper’s share price will likely reach a maximum of ₹637.11 and a minimum of ₹345.67. For 2027, the price is expected to peak at ₹754.81 and drop to a low of ₹421.42. By 2028, JK Paper’s share price is projected to soar to ₹838.30 at its highest, with a minimum of ₹513.77. In 2029, the share price may achieve a maximum of ₹973.24 and a minimum of ₹626.36. By 2030, JK Paper is anticipated to reach a peak of ₹1,186.52 and a low of ₹763.62.
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% |
Revenue and Expenses
JK Paper has experienced substantial revenue growth over the past five years. Sales increased from ₹3,060 crore in March 2020 to ₹6,659 crore in March 2024, reflecting a strong upward trajectory. However, expenses also rose significantly, from ₹2,189 crore to ₹5,044 crore over the same period. This increase in expenses has impacted the operating profit.
Operating Profit and Margin
Operating profit surged from ₹871 crore in March 2020 to ₹2,012 crore in March 2023, indicating a strong operational performance. However, it decreased to ₹1,616 crore in March 2024. The Operating Profit Margin (OPM) has fluctuated, peaking at 31% in March 2023 but falling to 24% in March 2024. This decline suggests higher operational costs or pricing pressures.
Other Income and Interest
Other income grew from ₹104 crore in March 2020 to ₹227 crore in March 2024, contributing positively to overall profitability. Interest expenses decreased from ₹129 crore to ₹208 crore over the same period, reflecting some improvement in debt management.
Depreciation and Profit Before Tax
Depreciation increased from ₹149 crore in March 2020 to ₹310 crore in March 2024, reflecting higher capital investments or asset value adjustments. Profit before tax (PBT) also rose significantly from ₹696 crore in March 2020 to ₹1,646 crore in March 2023 but fell to ₹1,325 crore in March 2024, indicating some pressure on profitability despite higher revenues.
Tax and Net Profit
The effective tax rate decreased markedly from 33% in March 2020 to 14% in March 2024, positively impacting net profit. Net profit grew from ₹468 crore in March 2020 to ₹1,208 crore in March 2023, but slightly decreased to ₹1,133 crore in March 2024. Earnings Per Share (EPS) increased from ₹26.67 to ₹70.59, then slightly decreased to ₹66.22, reflecting overall growth in shareholder returns despite recent declines.
Dividend Payout
The dividend payout ratio varied over the years, with a notable decrease from 15% in March 2020 to 13% in March 2024. This suggests a focus on retaining earnings for growth and expansion rather than distributing profits to shareholders.
Summary
JK Paper’s financials reveal robust growth in sales and net profit over the past five years, though recent trends show some challenges, including increased expenses and fluctuations in profit margins. The company’s ability to maintain a high net profit and manage tax effectively underscores its strong financial health. With strategic investments and operational improvements, JK Paper is well-positioned for continued success and profitability.
FAQS
What is JK Paper’s current market capitalization and stock price?
JK Paper’s market capitalization stands at ₹7,909 Cr, with the current stock price at ₹467.
What is Share Price Prediction of JK Paper for 2025?
JK Paper is anticipated to reach ₹589.53 by the end of 2025.
What is Share Price Target of JK Paper for 2030?
The maximum share price target of JK Paper is expected to reach ₹1,186.52 by the end of 2030.
What is the Face Value of JK Paper’s stock?
JK Paper’s stock has a Face Value of ₹10.0.
Should one invest in JK Paper?
In conclusion, JK Paper has showcased impressive financial growth and stability over the past five years. The company has significantly increased its sales and net profit, despite facing higher expenses and fluctuating margins. Strategic investments and acquisitions have strengthened its market position, while effective cost management and a favorable tax rate have bolstered profitability. With a solid distribution network and a strong track record, JK Paper is well-equipped for sustained success and future growth.
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