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J K Papers Limited
Sector:Paper Paper - Paper - Large
BSE:532162NSE:JKPAPERBloomberg:CPM@INReuters:JKPA.BO
Market Lot: 1Face Value: 10ISIN Demat: INE789E01012
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20-Jul-2018
Business Profile
J K Papers Ltd., incorporated in 1962 in Rayagada Orissa, is a pioneer in the field related to the manufacture and marketing of paper. Its flagship brands include JK Copier, JK Easy Copier, JK Evervite, JK Excel Bond, JK Bond, JK SHB Maplitho, CPM Parchment and JK MICR. JK Paper Ltd. is a member of the JK Organization, a leading multi-product, multi-business group of India.

JK Paper, a Rs 6,500 million company, has two integrated pulp and paper plants - JK Paper Mill in Rayagada (Orissa) with an annual output of over 100,000 tons and Central Pulp Mills in Sonagadh (Gujarat) of 50,000 tons per annum capacity. The company has also been consistently exporting its products to markets such as Sri Lanka, Bangladesh, Middle East, South East Asia, SAARC and various African countries. Nearly 50% of the exports is of branded products.

JK Paper has invested in the development of new value added products. JK Cote, a high-end coated paper and a premium multipurpose communication paper, JK Copier Plus and JK Savannah. The company is also implementing TPM with the help of Japan Institute of Plant Maintenance. A plant to manufacture 60,000 tons per year of industrial packaging board in Gujarat is under implementation.

Financials
The company announced rise of 94.51% in standalone net profit on y-o-y basis to Rs 698.10 million, while total income increased 17.58% y-o-y basis to Rs 7.97 billion for the quarter ended December 2017.

Recent Developments
20-JUL-18
Shardul Amarchand Mangaldas & Co advised the resolution applicant, JK Paper (JKPL) in the corporate insolvency resolution process of The Sirpur Paper Mills (TSPML). The Resolution Professional in the IBC proceedings was Mr. Ram Ratan Kanoongo.

10-OCT-16
JK Paper, a leading paper manufacturer in India, announced that the company has acquired all the remaining 16,865 fully paid equity shares of Rs 10 each (1.03%) of JK Enviro-Tech (JKETL), the subsidiary of the company and consequently, JKETL has now become a wholly owned subsidiary of the company.

30-AUG-13
JK Paper announced that its project at Unit-JKPM at Rayagada, Odisha, has been commissioned on Aug. 30, 2013.

09-JUL-13
India Ratings & Research (Ind-Ra) has affirmed JK Paper`s (JKPL) long-term issuer rating at ` BBB+`. The outlook is negative. A list of additional rating actions is provided at the end of this commentary.

22-MAY-13
J K Paper's fourth-quarter profit surges 88.67% from a year ago, helped by exceptional gains during the quarter.

25-OCT-12
JK Paper, a leading paper manufacturer in India entered into a joint venture agreement with Oji Holding Corporation, Marubeni Corporation, Japan and Oji India packaging (OIPPL) for the purpose of manufacturing and sale of corrugated packaging products by OIPPL, Haryana.

03-OCT-12
India Ratings has downgraded JK Paper (JKPL) National Long-Term rating to `IND BBB+` from `IND A-`.

16-MAY-12
JK Paper announced on Tuesday it has posted a net profit of Rs 11.12 million as the same was at Rs 23.12 million for the quarter ended Mar. 31, 2011, representing fall of 51.90%.



In Brief

 
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