Jk Paper Limited
Incorporated in 1960, JKPL has three manufacturing plants (with total capacity of 761,000 tonne per annum), at Songadh in Gujarat, at Rayagada in Odisha and Sirpur Paper Mills plant in Telangana. The Songadh plant produces copier paper and paper boar...
Key Metrics
EPS
66.22
Current ratio
2.07
Debt/Equity
0.46
Debt/EBITDA
1.32
Interest coverage ratio
7.37
Operating Cashflow to total debt
0.57
Financials
Pros & Cons
Exclusive on TAP Bonds
Here's what we like about this company and potential risks we have identified.
Pros
Leading position in the WPP industry
Strong operating efficiency
Robust financial risk profile
Liquidity: Strong
Cons
Exposure to cyclicality inherent in the paper industry
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About Jk Paper Limited bond.
This comprehensive profile covers key factual information about Jk Paper Limited. Incorporated in 1960, JKPL has three manufacturing plants (with total capacity of 761,000 tonne per annum), at Songadh in Gujarat, at Rayagada in Odisha and Sirpur Paper Mills plant in Telangana. The Songadh plant produces copier paper and paper boards, the Rayagada unit produces copier and coated paper and the Sirpur plant produces paper and paper boards. In December 2022, the company acquired 85% stake in HPPL and SPPL (seven plants in all) for Rs 578 crore, and purchased the balance 15% stake in May 2024. These companies are engaged in the corrugated packaging business. In November 2023, the company acquired Manipal Utility Packaging Solutions Pvt Ltd (renamed as JKPL Utility Packaging Solutions Pvt Ltd) for around Rs 90 crore. The company manufactures folding carton, corrugated boxes and labels and has four plants across India. For the three months ended June 30, 2024, net profit was Rs 141 crore on sales of Rs 1805 crore, as against Rs 313 crore and Rs 1,664 crore, respectively, for the corresponding period of the previous fiscal. EPS in Mar-2024 was 66.22. Current ratio in Mar-2024 was 2.07. Debt/Equity in Mar-2024 was 0.46. Debt/EBITDA in Mar-2024 was 1.32. Interest coverage ratio in Mar-2024 was 7.37. Operating Cashflow to total debt in Mar-2024 was 0.57. Total revenue for Mar-2025(E) was ₹8,455.87. Net income for Mar-2025(E) stood at ₹1,389.80. Total assets as of Mar-2024 were ₹9,326.24. Operating cash flow for Mar-2024 was ₹1,375.89. The company’s borrowing relationships include State Bank of India (₹N/A Cr), (₹N/A Cr), Axis Bank Limited (₹N/A Cr), Bank of Baroda (₹N/A Cr), Exim Bank (₹N/A Cr), State Bank of India (₹N/A Cr), The Federal Bank Limited (₹N/A Cr), YES Bank Limited (₹N/A Cr), State Bank of India (₹N/A Cr), Standard Chartered Bank (₹N/A Cr), Axis Bank Limited (₹N/A Cr), IDBI Bank Limited (₹N/A Cr), ICICI Bank Limited (₹N/A Cr), ICICI Bank Limited (₹N/A Cr), Axis Bank Limited (₹N/A Cr). Peers and comparison entities consist of Jk Paper Limited, West Coast Paper Mills limited, Seshasayee Paper and Boards limited, Andhra Paper limited. As of Dec 2024, promoters hold N/A% while others hold N/A% of equity. Key strengths include: Leading position in the WPP industry; Strong operating efficiency; Robust financial risk profile; Liquidity: Strong. Key risks include: Exposure to cyclicality inherent in the paper industry. Leadership team details include A S Mehta (President & Director), Anoop Seth (Director), Bharat Anand (Director), Bharat Hari Singhania (Chairman Emeritus), Deepa Gopalan Wadhwa (Director), Deepak Gupta (Company Secretary & Compliance Officer), Dhirendra Kumar (Director), Harsh Pati Singhania (Chairman & Managing Director), Harshavardhan Neotia (Director), K R Veerappan (Chief Financial Officer), R V Kanoria (Director), S K Roongta (Director), Sandip Somany (Director), Vinita Singhania (Director). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.