JK Paper (JKPAPER)₹364.05−0.71%Paper & Paper Products
In the Jun 2026 quarter (consolidated), JK Paper reported sales of ₹1,882 Cr, up 13.6% from Jun 2025, and net profit of ₹136 Cr, up 61.8% year on year. For the year to Mar 2026, sales were ₹7,055 Cr and net profit ₹274 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,645 | 1,701 | 1,714 | 1,707 | 1,677 | 1,627 | 1,671 | 1,657 | 1,744 | 1,711 | 1,960 | 1,882 |
| Expenses | 1,241 | 1,333 | 1,359 | 1,431 | 1,416 | 1,463 | 1,458 | 1,410 | 1,524 | 1,540 | 1,688 | 1,595 |
| Operating Profit | 406 | 371 | 358 | 279 | 263 | 168 | 217 | 250 | 223 | 176 | 276 | 289 |
| OPM % | 24.9% | 21.9% | 20.9% | 15.9% | 16.0% | 9.9% | 12.9% | 14.9% | 12.9% | 10.0% | 14.0% | 14.9% |
| Other Income | 59.07 | 56.10 | 57.08 | 29.03 | 32.04 | 22.04 | 12.02 | 23.03 | 20.02 | 3.01 | 0.00 | 31.03 |
| Interest | 42.07 | 80.10 | 35.08 | 36.07 | 68.13 | 24.04 | 50.12 | 67.10 | 51.05 | 47.09 | 60.08 | 40.04 |
| Depreciation | 84.35 | 83.31 | 63.25 | 80.36 | 82.29 | 83.36 | 86.38 | 89.37 | 91.30 | 97.43 | 100 | 99.34 |
| Profit before tax | 343 | 266 | 319 | 194 | 146 | 83.28 | 93.36 | 117 | 101 | 34.16 | 118 | 183 |
| Tax % | 10.0% | 11.0% | 12.9% | 27.0% | 10.9% | 21.0% | 29.0% | 27.9% | 23.0% | 34.0% | 23.0% | 26.0% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | −8.01 | −2.01 | 0.00 |
| Net Profit | 306 | 236 | 279 | 141 | 129 | 65.09 | 67.13 | 84.12 | 78.07 | 24.04 | 90.10 | 136 |
| EPS (Rs) | 17.84 | 13.89 | 16.25 | 8.24 | 7.58 | 3.87 | 4.01 | 4.68 | 4.40 | 1.23 | 5.08 | 7.17 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,429 | 2,620 | 2,836 | 3,247 | 3,052 | 2,741 | 3,960 | 6,415 | 6,641 | 6,638 | 7,055 | 7,297 |
| Expenses | 2,040 | 2,109 | 2,223 | 2,385 | 2,185 | 2,185 | 2,966 | 4,422 | 5,042 | 5,726 | 6,148 | 6,347 |
| Operating Profit | 395 | 516 | 617 | 866 | 869 | 562 | 995 | 2,008 | 1,613 | 927 | 921 | 964 |
| OPM % | 15.9% | 19.9% | 22.0% | 26.9% | 28.0% | 19.9% | 25.0% | 30.9% | 23.9% | 13.9% | 13.0% | 13.2% |
| Other Income | 7.01 | 35.03 | 22.03 | 50.05 | 104 | 111 | 124 | 139 | 227 | 97.16 | 43.05 | 54.06 |
| Interest | 195 | 188 | 143 | 124 | 129 | 129 | 132 | 223 | 208 | 178 | 225 | 198 |
| Depreciation | 118 | 122 | 122 | 128 | 150 | 175 | 194 | 283 | 311 | 333 | 379 | 389 |
| Profit before tax | 89.30 | 245 | 377 | 669 | 699 | 371 | 800 | 1,652 | 1,330 | 519 | 366 | 436 |
| Tax % | 32.0% | 27.9% | 30.9% | 36.0% | 32.9% | 35.9% | 31.9% | 26.9% | 13.9% | 21.0% | 25.0% | — |
| Exceptional items | 0.00 | 14.03 | 8.01 | 7.01 | 14.02 | 13.02 | 14.02 | 3.01 | 59.09 | 70.09 | 6.01 | −10.02 |
| Net Profit | 56.09 | 172 | 261 | 425 | 469 | 237 | 545 | 1,211 | 1,134 | 411 | 274 | 328 |
| EPS (Rs) | 3.76 | 11.01 | 14.84 | 23.96 | 26.66 | 14.17 | 32.02 | 70.54 | 66.15 | 24.14 | 14.67 | 17.88 |
| Dividend payout % | 13.0% | 14.1% | 17.1% | 15.1% | 15.1% | 28.0% | 17.0% | 11.0% | 13.1% | 21.0% | 27.1% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 137 | 149 | 156 | 176 | 178 | 178 | 169 | 169 | 169 | 169 | 169 | 181 |
| Reserves | 637 | 951 | 1,161 | 1,463 | 1,854 | 2,180 | 2,338 | 2,815 | 3,854 | 4,884 | 5,181 | 5,316 |
| Borrowings | 2,099 | 1,890 | 1,694 | 1,307 | 1,561 | 1,780 | 2,784 | 3,133 | 2,798 | 2,201 | 1,882 | 2,574 |
| Other Liabilities | 446 | 483 | 574 | 655 | 917 | 1,139 | 1,243 | 1,487 | 2,075 | 2,045 | 2,143 | 2,434 |
| Total Liabilities | 3,319 | 3,471 | 3,585 | 3,599 | 4,509 | 5,276 | 6,534 | 7,604 | 8,896 | 9,299 | 9,375 | 10,505 |
| Fixed Assets | 2,363 | 2,746 | 2,679 | 2,647 | 2,697 | 3,133 | 3,020 | 5,264 | 5,738 | 5,826 | 6,236 | 6,493 |
| CWIP | 26.88 | 19.92 | 15.94 | 36.88 | 328 | 398 | 1,697 | 45.78 | 124 | 65.77 | 98.64 | 420 |
| Investments | 3.99 | 69.88 | 258 | 152 | 674 | 490 | 639 | 723 | 928 | 1,155 | 555 | 536 |
| Other Assets | 925 | 635 | 632 | 764 | 810 | 1,256 | 1,178 | 1,571 | 2,107 | 2,252 | 2,485 | 3,057 |
| Inventories | 374 | 335 | 383 | 394 | 346 | 497 | 383 | 519 | 818 | 941 | 1,214 | 1,346 |
| Trade receivables | 146 | 139 | 111 | 109 | 72.82 | 73.77 | 78.83 | 216 | 349 | 360 | 431 | 544 |
| Cash & equivalents | 18.01 | 16.01 | 29.99 | 123 | 27.01 | 41.98 | 19.99 | 21.99 | 52.04 | 73.05 | 37.02 | 179 |
| Total Assets | 3,319 | 3,471 | 3,585 | 3,599 | 4,509 | 5,276 | 6,534 | 7,604 | 8,896 | 9,299 | 9,375 | 10,505 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 261 | 406 | 566 | 561 | 879 | 559 | 476 | 776 | 1,763 | 1,377 | 643 | 774 |
| Cash from investing activity | −14.04 | −34.05 | −262 | 40.08 | −1,117 | −396 | −1,286 | −876 | −951 | −411 | −28.08 | −816 |
| Cash from financing activity | −241 | −374 | −290 | −508 | 140 | −148 | 787 | 103 | −790 | −941 | −658 | 176 |
| Net cash flow | 5.99 | −1.99 | 13.99 | 92.92 | −96.89 | 14.98 | −21.99 | 2.99 | 26.99 | 27.96 | −39.99 | 133 |
| Capex | 91.25 | 39.10 | 69.21 | 90.30 | 649 | 724 | 1,177 | 831 | 225 | 241 | 252 | 505 |
| Free cash flow | 171 | 367 | 506 | 472 | 406 | −163 | −696 | −52.95 | 1,553 | 1,140 | 396 | 282 |
| CFO / OP % | 100.0% | 107.9% | 118.0% | 101.9% | 116.9% | 78.9% | 98.0% | 91.0% | 100.0% | 101.0% | 83.0% | 97.9% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 25 | 21 | 15 | 14 | 8 | 9 | 10 | 20 | 20 | 20 | 24 | 28 |
| Inventory days | 101 | 82 | 93 | 93 | 77 | 132 | 105 | 109 | 104 | 99 | 108 | 112 |
| Days payable | 65 | 47 | 57 | 61 | 62 | 102 | 110 | 111 | 84 | 72 | 66 | 71 |
| Cash conversion cycle | 62 | 57 | 53 | 47 | 24 | 40 | 7 | 19 | 40 | 48 | 66 | 69 |
| Working capital days | −7 | −34 | −34 | −24 | −13 | −3 | −10 | 8 | 12 | 30 | 45 | 14 |
| ROCE % | 5.0% | 10.0% | 13.0% | 17.0% | 23.0% | 21.0% | 10.0% | 16.0% | 28.0% | 20.0% | 9.0% | 7.0% |
For the Jun 2026 quarter, JK Paper reported sales of ₹1,882 Cr, up 13.6% year on year and net profit of ₹136 Cr, up 61.8% year on year. The operating margin was 14.9%.
JK Paper's sales for the year to Mar 2026 were ₹7,055 Cr; over the last twelve months they were ₹7,297 Cr.
Net profit for the year to Mar 2026 was ₹274 Cr, and ₹328 Cr over the last twelve months. Earnings per share over the same trailing period were ₹17.88.
JK Paper reported borrowings of ₹2,574 Cr at Mar 2026, against cash and equivalents of ₹179 Cr.
Cash from operations was ₹774 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹282 Cr.