Paper stocks in India rose on hopes of higher sales volume after govt imposed minimum import price to curb dumping cheap imports.
The paper industry is intrinsically cyclical, influenced by demand-supply dynamics and input costs. Hence, the performance of paper stocks is contingent on earnings growth.
Stellar earnings in a seasonally strong quarter. Organic expansion and newly acquired business aided higher margins
JK Paper Q1 earnings: Revenue from operations grew 16 percent YoY to Rs 1,664 crore from Rs 1,430 crore in Q1FY23
Volume growth and higher sales realisation drove strong earnings in the fourth quarter
The paper industry is cyclical on account of input price volatility and capital expenditure plans
Robust earnings traction in Q3, aided by a strong jump in volumes and realisations
Blockbuster earnings in Q2FY23 aided by robust growth in volume and realisations
Ths supply of paper has been hit due to the closure of several plants in Europe following an energy crisis
A stronger-than-anticipated growth in e-commerce sales due to increasing safety and hygiene consciousness, healthy double-digit growth in domestic pharmaceutical sales, and revival in consumer durable sales are driving demand for packaging paper
JK Paper is well positioned due to its strong market position with a presence in high quality paper segments, cost leadership and integrated production capacities.
ICRA Equity Research Service has come out with its report on JK Paper Limited (JKPL). The research firm has assigned a valuation grade of "C" to the company on a grading scale of 'A' to 'E', in its research report dated August 07, 2012.
ICRA Equity Research Service has come out with its report on JK Paper Limited (JKPL). The research firm has maintained valuation grade 'C' and fundamental grade of 4/5 to the company.