Shares of this BSE 500 paper company are buzzing on the bourses today!

Shares of this BSE 500 paper company are buzzing on the bourses today!

Indian Market
by 5paisa Research Team Last Updated: 2022-12-20T12:17:37+05:30

The company has a worldwide footprint with customers in more than 60 countries spanning the USA, Middle East, Europe, Southeast Asia, and Africa.

The shares of JK Paper Ltd are buzzing on the bourses today. As of 12.06 pm, the shares of JK Paper are trading higher by 5.02%. Today, the company reported a spurt in trading volume by more than 2.91 times. Owing to this, the stock is one of the top gainers on BSE from Group A.

Meanwhile, the frontline index S&P BSE Sensex is down by 0.98%.

Looking at the recent announcements of JK Paper, the company has not made any significant announcements of late. Hence, the rally in the share price could be attributed to market forces.

JK Paper Ltd is a leading paper manufacturing company in India. It offers a wide array of paper products and premium packaging boards and is a leading Indian player in office papers, coated papers, writing and printing papers and high-end packaging boards.

The company has three integrated Pulp and Paper Mills viz; Unit JKPM at Rayagada (Odisha) near the Eastern coast of India and Unit CPM at Songadh (Gujarat) on the Western coast & Unit SPM at Kagaznagar, Telangana. With its recently concluded 170,000 TPA capacity expansion in Packaging Board at Unit CPM, the company’s present installed capacity is 761,000 TPA.

Further, the company has a worldwide footprint with customers in more than 60 countries spanning the USA, Middle East, Europe, Southeast Asia, and Africa.

In the recent quarter Q2FY23, the company’s net revenue increased by 74% YoY to Rs 1644 crore. Similarly, owing to relatively slower growth in expenses, the bottom line increased by 176% YoY to Rs 326 crore.

The company is currently trading at a TTM PE of 7.9x against the industry PE of 14x. In FY22, the company delivered an ROE & ROCE of 19.7% and 16.5%, respectively. The company is a constituent of Group A stocks and commands a market capitalization of Rs 7,453.70 crore.


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