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JK Paper

BSE:532162
Snowflake Description

Outstanding track record, good value and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
532162
BSE
₹19B
Market Cap
  1. Home
  2. IN
  3. Materials
Company description

JK Paper Limited manufactures, sells, and exports papers and boards in India, the United States, the United Kingdom, Sri Lanka, Bangladesh, Singapore, Malaysia, Africa, the Middle East, and internationally. The last earnings update was 25 days ago. More info.


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  • JK Paper has significant price volatility in the past 3 months.
532162 Share Price and Events
7 Day Returns
-4%
BSE:532162
2.8%
IN Forestry
-0.7%
IN Market
1 Year Returns
-41.7%
BSE:532162
-35.9%
IN Forestry
-12.1%
IN Market
532162 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
JK Paper (532162) -4% -8.7% -12.8% -41.7% 85.6% 241.2%
IN Forestry 2.8% -4.4% -8.2% -35.9% -5.1% 72.8%
IN Market -0.7% -5.7% -4.3% -12.1% 13% 25.2%
1 Year Return vs Industry and Market
  • 532162 underperformed the Forestry industry which returned -35.9% over the past year.
  • 532162 underperformed the Market in India which returned -12.1% over the past year.
Price Volatility
532162
Industry
5yr Volatility vs Market

532162 Value

 Is JK Paper undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of JK Paper to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for JK Paper.

BSE:532162 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 21.5%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BSE:532162
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Forestry Unlevered Beta Simply Wall St/ S&P Global 1.34
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.338 (1 + (1- 35%) (68.03%))
1.623
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.62
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.623 * 8.6%)
21.5%

Discounted Cash Flow Calculation for BSE:532162 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for JK Paper is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

BSE:532162 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 21.5%)
2020 3,638.95 Est @ 9.42% 2,994.91
2021 3,961.37 Est @ 8.86% 2,683.24
2022 4,296.78 Est @ 8.47% 2,395.33
2023 4,648.77 Est @ 8.19% 2,132.88
2024 5,020.64 Est @ 8% 1,895.81
2025 5,415.49 Est @ 7.86% 1,682.99
2026 5,836.28 Est @ 7.77% 1,492.75
2027 6,285.92 Est @ 7.7% 1,323.20
2028 6,767.29 Est @ 7.66% 1,172.41
2029 7,283.33 Est @ 7.63% 1,038.49
Present value of next 10 years cash flows ₹18,812.01
BSE:532162 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ₹7,283.33 × (1 + 7.55%) ÷ (21.5% – 7.55%)
₹56,133.51
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹56,133.51 ÷ (1 + 21.5%)10
₹8,003.76
BSE:532162 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹18,812.01 + ₹8,003.76
₹26,815.77
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹26,815.77 / 178.24
₹150.44
BSE:532162 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹150.44
Current discount Discount to share price of ₹107.65
= -1 x (₹107.65 - ₹150.44) / ₹150.44
28.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price JK Paper is available for.
Intrinsic value
28%
Share price is ₹107.65 vs Future cash flow value of ₹150.44
Current Discount Checks
For JK Paper to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • JK Paper's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • JK Paper's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for JK Paper's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are JK Paper's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:532162 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in INR ₹24.01
BSE:532162 Share Price ** BSE (2019-08-16) in INR ₹107.65
India Forestry Industry PE Ratio Median Figure of 38 Publicly-Listed Forestry Companies 8.3x
India Market PE Ratio Median Figure of 2,785 Publicly-Listed Companies 13.56x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of JK Paper.

BSE:532162 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:532162 Share Price ÷ EPS (both in INR)

= 107.65 ÷ 24.01

4.48x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • JK Paper is good value based on earnings compared to the IN Forestry industry average.
  • JK Paper is good value based on earnings compared to the India market.
Price based on expected Growth
Does JK Paper's expected growth come at a high price?
Raw Data
BSE:532162 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.48x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
8.5%per year
India Forestry Industry PEG Ratio Median Figure of 6 Publicly-Listed Forestry Companies 0.56x
India Market PEG Ratio Median Figure of 544 Publicly-Listed Companies 1.09x

*Line of best fit is calculated by linear regression .

BSE:532162 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 4.48x ÷ 8.5%

0.53x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • JK Paper is good value based on expected growth next year.
Price based on value of assets
What value do investors place on JK Paper's assets?
Raw Data
BSE:532162 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in INR ₹113.89
BSE:532162 Share Price * BSE (2019-08-16) in INR ₹107.65
India Forestry Industry PB Ratio Median Figure of 42 Publicly-Listed Forestry Companies 0.82x
India Market PB Ratio Median Figure of 3,663 Publicly-Listed Companies 0.87x
BSE:532162 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:532162 Share Price ÷ Book Value per Share (both in INR)

= 107.65 ÷ 113.89

0.95x

* Primary Listing of JK Paper.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • JK Paper is overvalued based on assets compared to the IN Forestry industry average.
X
Value checks
We assess JK Paper's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Forestry industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Forestry industry average (and greater than 0)? (1 check)
  5. JK Paper has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

532162 Future Performance

 How is JK Paper expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
8.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is JK Paper expected to grow at an attractive rate?
  • JK Paper's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • JK Paper's earnings growth is positive but not above the India market average.
  • JK Paper's revenue growth is expected to exceed the India market average.
Annual Growth Rates Comparison
Raw Data
BSE:532162 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:532162 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 8.5%
BSE:532162 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 11.8%
India Forestry Industry Earnings Growth Rate Market Cap Weighted Average 12.9%
India Forestry Industry Revenue Growth Rate Market Cap Weighted Average 10.2%
India Market Earnings Growth Rate Market Cap Weighted Average 17.9%
India Market Revenue Growth Rate Market Cap Weighted Average 11.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:532162 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:532162 Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 38,326 7,498 5,072 2
2020-03-31 32,637 6,950 4,002 1
BSE:532162 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-06-30 31,748 4,592
2019-03-31 32,561 7,293 4,273
2018-03-31 28,443 5,603 2,606
2017-03-31 26,279 5,647 1,718

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • JK Paper's earnings are expected to grow by 8.5% yearly, however this is not considered high growth (20% yearly).
  • JK Paper's revenue is expected to grow by 11.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:532162 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from JK Paper Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:532162 Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 28.45 33.69 23.20 2.00
2020-03-31 22.50 22.50 22.50 1.00
BSE:532162 Past Financials Data
Date (Data in INR Millions) EPS *
2019-06-30
2019-03-31 24.01
2018-03-31 15.32
2017-03-31 11.39

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if JK Paper will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess JK Paper's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
JK Paper has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

532162 Past Performance

  How has JK Paper performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare JK Paper's growth in the last year to its industry (Forestry).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • JK Paper has delivered over 20% year on year earnings growth in the past 5 years.
  • JK Paper's 1-year earnings growth exceeds its 5-year average (52% vs 49.1%)
  • JK Paper's earnings growth has exceeded the IN Forestry industry average in the past year (52% vs 43.2%).
Earnings and Revenue History
JK Paper's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from JK Paper Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:532162 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 31,747.60 4,592.00 2,639.80
2019-03-31 32,561.00 4,272.80 2,736.60
2018-03-31 28,442.70 2,605.80 2,417.60
2017-03-31 26,279.40 1,718.20 2,271.60
2016-03-31 24,347.60 559.30 1,895.30
2015-03-31 21,599.60 -183.90 1,560.20
2014-03-31 17,366.50 -747.20 2,042.40
2013-03-31 14,568.90 379.90 1,863.40

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • JK Paper has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • JK Paper used its assets more efficiently than the IN Forestry industry average last year based on Return on Assets.
  • JK Paper has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess JK Paper's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Forestry industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
JK Paper has a total score of 6/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

532162 Health

 How is JK Paper's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up JK Paper's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • JK Paper is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • JK Paper's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of JK Paper's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from JK Paper Company Filings, last reported 1 month ago.

BSE:532162 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 20,889.80 13,053.80 7,034.70
2019-03-31 20,889.80 15,625.80 6,722.70
2018-03-31 16,430.90 13,095.30 2,500.10
2017-03-31 13,212.50 16,977.00 2,711.00
2016-03-31 11,021.20 18,914.30 241.60
2015-03-31 7,756.30 21,035.40 178.30
2014-03-31 8,002.80 22,465.20 758.40
2013-03-31 8,753.30 17,827.30 339.20
  • JK Paper's level of debt (62.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (278.4% vs 62.5% today).
  • Debt is well covered by operating cash flow (55.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 6x coverage).
X
Financial health checks
We assess JK Paper's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. JK Paper has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

532162 Dividends

 What is JK Paper's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.25%
Current annual income from JK Paper dividends.
If you bought ₹2,000 of JK Paper shares you are expected to receive ₹65 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • JK Paper's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.63%).
  • JK Paper's dividend is above the markets top 25% of dividend payers in India (2.52%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:532162 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
India Forestry Industry Average Dividend Yield Market Cap Weighted Average of 20 Stocks 1.8%
India Market Average Dividend Yield Market Cap Weighted Average of 1441 Stocks 1.5%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:532162 Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2021-03-31
2020-03-31
BSE:532162 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2019-07-30 3.500 3.232
2019-05-08 3.500 2.788
2018-07-25 2.500 1.649
2017-05-16 1.500 1.265
2016-08-09 0.500 0.605
2014-09-01 0.000 0.000
2013-05-21 0.500 1.682
2012-05-15 1.500 4.394
2012-05-14 1.500 4.444
2011-07-15 2.250 5.858
2011-04-29 2.250 4.678
2011-01-28 2.250 4.490
2010-05-17 2.000 3.398
2009-06-01 1.750 4.509
2009-05-14 1.750 6.884

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of JK Paper's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (6.9x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess JK Paper's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can JK Paper afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. JK Paper has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

532162 Management

 What is the CEO of JK Paper's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Harsh Singhania
COMPENSATION ₹259,600,000
AGE 89
TENURE AS CEO 12.6 years
CEO Bio

Mr. Harsh Pati Singhania has been Managing Director of JK Paper Ltd. since January 1, 2007. Mr. Singhania has been associated with various companies over the years and has made useful contributions with his experience. He served as Vice President of various companies of the JK group. He served as President of Federation of Indian Chambers of Commerce and Industry. He served as Vice President of Board at Cricket for Control in India (BCCI), Marylbone Cricket Club (MCC), Lords, London. He has been Vice Chairman of the Board at JK Paper Ltd. since May 21, 2013. He serves as a Director of Fenner (India) Limited; Anant Design Private Limited; Rockwood Properties Private Limited; and Oakwood Properties & Farms Private Limited. He has been an Executive Director at JK Paper Ltd. since July 9, 1992. He has been Non Executive Independent Director at Km Sugar Mills Ltd. since 1979. He serves as a Director of Bhopal Udyog Ltd. He served as a Director for Bank of India. He served as the Vice President of PHDCCI and served as Chairman of various Committees in FICCI and PHDCCI. He serves as a Member on the Board of Indo-British Partnership and Executive Committees of FICCI, PHDCCI and ICC (India), Council for National Culture Fund, on the Board of Governors of International Management Institute and Organising Committee for Commonwealth Games, 2010. Mr. Singhania is a Commerce Graduate from the Calcutta University and holds an MBA from the University of Massachusetts, USA, followed by OPM Programme from Harvard Business School, USA.

CEO Compensation
  • Harsh's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Harsh's remuneration is higher than average for companies of similar size in India.
Management Team

Harsh Singhania

TITLE
Vice Chairman & MD
COMPENSATION
₹260M
AGE
89
TENURE
12.6 yrs

Amar Mehta

TITLE
President & Director
COMPENSATION
₹38M
AGE
59
TENURE
7.8 yrs

V. Kumaraswamy

TITLE
Chief Financial Officer
COMPENSATION
₹31M
AGE
58

Suresh Gupta

TITLE
VP, Company Secretary & Compliance Officer
COMPENSATION
₹10M
AGE
61

Partha Biswas

TITLE
Chief of Marketing & Sale

M. Goel

TITLE
Executive Vice President (Works) of The JKPM Unit
AGE
66

N. Agarwal

TITLE
Executive Vice President (Works) of The CPM Unit
AGE
63

Pramod Kapoor

TITLE
Chief General Manager of Internal Audit

Santosh Wakhloo

TITLE
Chief General Manager of Sales - PB
Board of Directors Tenure

Average tenure and age of the JK Paper board of directors in years:

10.3
Average Tenure
75.5
Average Age
  • The average tenure for the JK Paper board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Bharat Singhania

TITLE
Chairman
COMPENSATION
₹21M
AGE
81
TENURE
6.3 yrs

Harsh Singhania

TITLE
Vice Chairman & MD
COMPENSATION
₹260M
AGE
89
TENURE
6.3 yrs

Amar Mehta

TITLE
President & Director
COMPENSATION
₹38M
AGE
59
TENURE
0.8 yrs

Arun Ram

TITLE
Non Executive & Independent Director
COMPENSATION
₹2M
AGE
79
TENURE
13.3 yrs

Udayan Bose

TITLE
Non Executive & Independent Director
COMPENSATION
₹2M
AGE
70
TENURE
13.3 yrs

Rajya Kanoria

TITLE
Non Executive & Independent Director
COMPENSATION
₹2M
AGE
64
TENURE
12.1 yrs

Shailendra Swarup

TITLE
Non Executive Independent Director
COMPENSATION
₹2M
AGE
75
TENURE
6.3 yrs

Vinita Singhania

TITLE
Non Executive Non-Independent Director
COMPENSATION
₹2M
AGE
67
TENURE
10.3 yrs

Mridu Dalmia

TITLE
Non Executive Independent Director
COMPENSATION
₹2M
AGE
77
TENURE
10.3 yrs

Dhirendra Kumar

TITLE
Non Executive & Non-Independent Director
COMPENSATION
₹2M
AGE
76
TENURE
17.8 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by JK Paper individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
01. Jul 19 Buy Vinita Singhania Individual 28. Jun 19 28. Jun 19 52,800 ₹122.47 ₹6,466,536
01. Jul 19 Buy Sunanda Singhania Individual 28. Jun 19 28. Jun 19 42,200 ₹122.47 ₹5,168,330
01. Jul 19 Buy Shrivats Singhania Individual 28. Jun 19 28. Jun 19 52,800 ₹122.47 ₹6,466,536
01. Jul 19 Sell J.K. Credit & Finance Limited Company 28. Jun 19 28. Jun 19 -1,300,000 ₹122.23 ₹-158,896,235
01. Jul 19 Buy Vikrampati Singhania Individual 28. Jun 19 28. Jun 19 158,400 ₹122.47 ₹19,399,609
01. Jul 19 Buy Harsh Singhania Individual 28. Jun 19 28. Jun 19 158,400 ₹122.47 ₹19,399,609
01. Jul 19 Buy Bharat Singhania Individual 28. Jun 19 28. Jun 19 105,600 ₹122.47 ₹12,933,073
01. Jul 19 Buy Vinita Singhania Individual 28. Jun 19 28. Jun 19 316,800 ₹122.47 ₹38,799,219
01. Jul 19 Buy Raghupati Singhania Individual 28. Jun 19 28. Jun 19 380,200 ₹122.47 ₹46,563,961
14. Jun 19 Sell Sidhivinayak Trading and Investment Limited Company 14. Jun 19 14. Jun 19 -700,000 ₹128.00 ₹-89,599,960
14. Jun 19 Buy Bengal & Assam Company Limited Company 14. Jun 19 14. Jun 19 700,000 ₹128.00 ₹89,599,960
X
Management checks
We assess JK Paper's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. JK Paper has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

532162 News

Simply Wall St News

Is JK Paper Limited's (BOM:532162) PE Ratio A Signal To Buy For Investors?

I am writing today to help inform people who are new to the stock market. … and want to begin learning the link between JK Paper Limited (BOM:532162)’s fundamentals and stock market performance. … While this makes 532162 appear like a great stock to buy, you might change your mind after I explain the assumptions behind the P/E ratio.

Simply Wall St -

532162 Company Info

Description

JK Paper Limited manufactures, sells, and exports papers and boards in India, the United States, the United Kingdom, Sri Lanka, Bangladesh, Singapore, Malaysia, Africa, the Middle East, and internationally. It offers a range of office documentation papers, such as photocopy and multi-purpose papers for use in desktop, inkjet and laser printers, fax machines, photocopiers, and multi-functional devices; and premium watermarked and laid-marked business stationery papers for corporate customers and individuals under the JK Evervite, JK Copier Plus, JK Copier, JK Easy Copier, JK CMax, JK Sparkle, JK Max, JK Cedar, JK Excel Bond, JK Bond, JK Ledger, and Cedar Digital brands. The company also provides uncoated writing and printing papers, MICR cheque papers, and pulp boards, as well as bonds, ledgers, parchment grades, and maplitho papers under the JK Bond, JK SS Maplitho (SHB), JK MICR Cheque Paper, JK Parchment Paper, and JK SS Pulpboard brands; and coated papers and boards under the JK Cote, JK Superkote/JK Cote Premium, and JK Cote Chromo brands. In addition, it offers coated packaging boards for the packaging industry under the JK Ultima, JK TuffCote, JK TuffPac, JK Endura, JK IV Board, and JK Club Card brand names; and imported coated art papers. The company was formerly known as Central Pulp Mills Ltd. and changed its name to JK Paper Limited in May 2002. JK Paper Limited was incorporated in 1960 and is headquartered in New Delhi, India.

Details
Name: JK Paper Limited
532162
Exchange: BSE
Founded: 1960
₹19,187,921,925
178,243,585
Website: http://www.jkpaper.com
Address: JK Paper Limited
Nehru House,
3rd Floor,
New Delhi,
Delhi, 110002,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 532162 Equity Shares Mumbai Stock Exchange IN INR 20. Jan 2000
NSEI JKPAPER Equity Shares National Stock Exchange of India IN INR 20. Jan 2000
Number of employees
Current staff
Staff numbers
0
JK Paper employees.
Industry
Paper Products
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/08/17 12:38
End of day share price update: 2019/08/16 00:00
Last estimates confirmation: 2019/07/25
Last earnings filing: 2019/07/23
Last earnings reported: 2019/06/30
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.