Employees: 9,632
Size JK Paper (JKPAPER.NS) is an India Materials company (Pulp & Paper) with a market value of $707M, the 713th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹368.00 on 6 Nov 2026.
Performance Over six months the shares fell 1.3%, against -23.5% for the median peer and 0.0% for the India market (cap-weighted) — 3rd highest of 21 in its peer set.
Growth Revenue grew 12.0% over the last twelve months (peer median -0.7%); the operating margin is 8.3% (peer median 0.7%).
Valuation It trades at 9.8× forward earnings against a peer median of 15.3× (cheapest of 10).
Price implies For today's price to make sense, revenue must grow about 20% a year for seven years (Req g). Recent delivered growth is +21%, so the hurdle is -1 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 8.6 points below its cost of capital (14.6% WACC).
Next results Next results expected around 10 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹75.6B | ₹69.9B | ₹65.8B | ₹66.5B | ₹64.3B |
| Revenue growth | — | +6% | -1% | +3% | — |
| Gross profit | ₹12.7B | ₹7.60B | ₹8.05B | ₹15.6B | ₹19.4B |
| EBITDA | ₹10.3B | ₹9.29B | ₹9.36B | ₹16.1B | ₹20.1B |
| Net income | ₹3.51B | ₹2.66B | ₹4.09B | ₹11.2B | ₹12.0B |
| Free cash flow | n/a | ₹1.67B | ₹2.50B | ₹9.55B | ₹13.5B |
| Capital expenditure | n/a | ₹5.03B | ₹2.51B | ₹2.40B | ₹2.24B |
| Total debt | ₹25.0B | ₹25.8B | ₹18.9B | ₹22.0B | ₹28.0B |
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| Measure | JKPAPER.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.3% | -8.4% | 6th highest of 21 |
| 6-month return | -1.3% | -23.5% | 3rd highest of 21 |
| Distance from 52-week high | -16.7% | -41.1% | 3rd highest of 21 |
| Revenue growth (TTM) | +12.0% | -0.7% | 3rd highest of 21 |
| Operating margin | 8.3% | 0.7% | highest of 21 |
| Forward P/E | 9.8× | 15.3× | cheapest of 10 |
| Growth the price implies (Req g, 7 yrs) | 19.8% | 3.5% | 2nd most demanding of 10 |
| Growth delivered (Del g) | +20.7% | +3.4% | highest of 10 |
| Hurdle (Req g minus delivered) | -0.9 pp | +4.0 pp | 5th least demanding of 10 |
| ROIC minus cost of capital | -8.6 pp | -4.7 pp | 6th lowest of 21 |
| EV / EBITDA | 8.4× | 10.9× | cheapest of 6 |
| Net debt / EBITDA | 1.6× | 4.4× | 3rd least indebted of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| JK Paper JKPAPER.NS | India | $707M | -1% | +12% | 8% | 9.8× | 19.8% | +20.7% |
| Shandong Huatai Paper 600308.SS | China | $662M | -25% | -5% | -2% | n/a | n/a | n/a |
| Hangzhou Huawang New Material Technology 605377.SS | China | $655M | -20% | -13% | 8% | 13.2× | -7.9% | +14.8% |
| Zhejiang Jingxing Paper Joint Stock 002067.SZ | China | $787M | -27% | +18% | 0% | n/a | n/a | n/a |
| Guangdong Guanhao High-Tech 600433.SS | China | $788M | -37% | -1% | -4% | 11.7× | 25.9% | +2.0% |
| Hokuetsu 3865.T | Japan | $816M | -9% | -5% | 2% | 17.2× | n/a | n/a |
| ENCE Energia y Celulosa ENC.MC | Spain | $608M | -9% | -1% | 1% | n/a | n/a | n/a |
| Sichuan Jinshi Technology 002951.SZ | China | $840M | -7% | -52% | -102% | n/a | n/a | n/a |
| Shandong Bohui Paper Industry 600966.SS | China | $841M | -33% | -2% | 2% | 38.0× | -0.6% | +6.5% |
| Xiamen Anne 002235.SZ | China | $593M | -38% | +1% | -9% | n/a | n/a | n/a |
| Japan Pulp and Paper 8032.T | Japan | $877M | +9% | +10% | 2% | 15.3× | 3.5% | +5.6% |
| Wuzhou Special Paper 605007.SS | China | $882M | -22% | +17% | 5% | 12.1× | n/a | n/a |
| Nippon Paper Industries 3863.T | Japan | $899M | -6% | +2% | 2% | 11.8× | 15.4% | +3.4% |
| Zhejiang Rongsheng Environmental Protection Paper 603165.SS | China | $554M | -32% | +10% | 2% | n/a | n/a | n/a |
| Shandong Chenming Paper 1812.HK | Hong Kong | $545M | -52% | +4% | -37% | n/a | n/a | n/a |
| Anhui Genuine New Materials 603429.SS | China | $539M | -33% | -37% | -46% | n/a | n/a | n/a |
| Fujian Qingshan Paper Industry 600103.SS | China | $930M | -35% | +5% | 2% | n/a | 14.6% | -0.5% |
| Zhangjiagang Freetrade Science & Technology 600794.SS | China | $533M | -17% | -35% | -32% | 22.8× | -9.2% | -21.8% |
| Shanying International 600567.SS | China | $962M | -27% | +1% | -7% | n/a | -11.8% | +2.9% |
| Tokushu Tokai Paper 3708.T | Japan | $494M | +34% | 0% | 5% | n/a | 8.5% | +4.5% |
| Yueyang Forest & Paper 600963.SS | China | $1.02B | -14% | -10% | -5% | 19.9× | n/a | n/a |