Manufactures paper, which accounts for essentially all of its revenue and operating profit. In FY26, the Paper Business reported ₹940.11 crore of revenue and EBIT of ₹55.86 crore, with a tiny residual 'Strategic Investment Activity' segment contributing ₹0.36 crore of revenue. Total revenue from operations for FY26 stood at ₹939.97 crore against a net profit of ₹14.58 crore and an EBITDA margin of 8.47%. The company previously operated a Coke Business through wholly-owned subsidiary Genus Paper and Coke Limited, but the 100% stake in that subsidiary was sold on March 6, 2026 to Hi-Print Electromack Private Limited (itself a promoter entity) for ₹11.86 crore. The cost structure is dominated by materials at 69.6% of revenue, followed by other operating expenses at 17.4%, capital expenditure at 7.6%, employee costs at 3.5%, and depreciation at 2.5%. A fire at the Muzaffarnagar stock yard on May 24, 2026 damaged raw material inventories, with the financial impact yet to be assessed. The company revised the estimated useful life of its Plant & Machinery to 35-40 years based on a technical evaluation, which lowered depreciation by ₹429.57 lakh in FY26. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Paper Business (100%), Strategic Investment Activity (0%). Single-line paper manufacturer; asset-heavy with high material intensity
| ₹ crore · consolidated | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 286 | 582 | 722 | 712 | 863 |
| EBITDA (ex other income) | 26 | 52 | 32 | 59 | 68 |
| margin % | 9.0 | 8.9 | 4.5 | 8.3 | 7.9 |
| Owners' profit | 0 | 0 | 0 | 0 | 0 |
| EPS, as reported (₹) | 0.30 | 1.00 | (0.46) | 0.13 | 0.11 |
| ROE % · ROCE % | 2.1 · 3.4 | 5.2 · 5.5 | (2.4) · 1.1 | 0.7 · 4.6 | 0.6 · 5.1 |
| Debt / equity (x) | 0.14 | 0.41 | 0.59 | 0.68 | 0.77 |
| Cash from operations | 50 | 50 | 13 | 73 | 41 |
| Capex | (44) | (231) | (112) | (93) | (65) |
| ₹ crore | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 184 | 211 | 211 | 213 | 228 | 255 | 244 | 238 |
| Profit before tax | (0) | 3 | (1) | 0 | 0 | 3 | 4 | 1 |
| Net profit | 0 | 3 | (0) | 1 | (0) | 3 | 4 | 3 |
| EPS (₹) | 0.02 | 0.11 | (0.02) | 0.02 | 0.00 | 0.11 | 0.15 | 0.11 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Paper Business | 851 | 98.4 |
| Coke Business | 14 | 1.6 |
| Total, before eliminations | 865 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| JK PAPER LIMITED | 7,513 | 22.7 | 1.30 | 10.1 | 4.7 | 4.4 | 20.8 | 17.0 |
| WEST COAST PAPER MILLS LT | 4,722 | 20.6 | 1.13 | 9.5 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 4 Sept 2026 · 15th AGM notice published in newspapers | compliance | minimal | — | — |
| 3 Sept 2026 · Annual Report FY26 submitted; 15th AGM on September 25 via video call | results | high | — | — |
| 3 Sept 2026 · Genus Paper & Boards fixes record date Sep 18 for 15th AGM e-voting | board shareholder meetings | low | — | — |
| 3 Sept 2026 · Genus Paper & Boards fixes book closure for 15th AGM on Sep 25, 2026 | board shareholder meetings | medium | — | — |
| 3 Sept 2026 · Notice of 15th AGM on September 25, 2026 via video conferencing | board shareholder meetings | low | — | — |
| 30 Aug 2026 · Newspaper publication of 15th AGM notice and e-voting details | compliance | minimal | — | — |
| 29 Aug 2026 · Board approves 15th AGM notice for September 25, 2026 | board shareholder meetings | low | — | — |
| 13 Aug 2026 · Public notice of Q1 FY26 unaudited results published in newspapers | compliance | minimal | — | — |
| 11 Aug 2026 · Genus Paper Q1 FY27 PAT at Rs 352 lakh, revenue dips 13 percent YoY | results | high | — | — |
| 11 Aug 2026 · Q1 FY27 Results: Revenue down, fire incident flagged at Muzaffarnagar plant | results | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| 3.7 |
| 5.0 |
| 13.8 |
| 23.6 |
| SESHASAYEE PAPER & BOARDS | 1,517 | 15.3 | 0.74 | 10.4 | 4.0 | 4.1 | 16.9 | 11.3 |
| ANDHRA PAPER LIMITED | 1,464 | 53.0 | 0.75 | — | 1.0 | 1.2 | — | 17.9 |
| N R AGARWAL INDS LTD | 1,078 | 17.4 | 1.32 | — | 5.4 | 3.9 | — | 12.4 |
| TAMILNADU NEWSPRT & PAPER | 1,066 | 4.1 | 0.46 | — | 10.7 | 1.4 | — | 11.2 |
| PUDUMJEE PAPER PRO. LTD | 929 | 10.2 | 1.39 | — | 14.0 | 16.2 | — | 25.2 |
| EMAMI PAPER MILLS LIMITED | 712 | 7.6 | 1.24 | — | 10.7 | 8.1 | — | 14.8 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 32.7 | 15.3 | 32 of 39 | 18% |
| P/B | 0.6 | 0.8 | 12 of 34 | 67% |
| ROCE | 0.7 | 4.4 | 39 of 49 | 21% |
| ROE | 1.3 | 4.0 | 33 of 45 | 27% |
| Debt / Equity | 0.8 | 0.2 | 38 of 45 | 16% |
| EBITDA margin | 7.7 | 10.4 | 22 of 38 | 43% |
| Revenue growth | 11.5 | 11.5 | 20 of 39 | 50% |
| Profit growth | 430.7 | 60.9 | 4 of 42 | 93% |
| Market cap | 311 | 88 | 14 of 46 | 71% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
