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JKPAPER Consensus Forecast

No. of reports in last year
4
No. of analysts
1
Average Consensus Forecast
160
Consensus Potential
33.00%

JKPAPER Price Target Potential

BrokerageTargetPotential
Kotak Securities13018.65%

JKPAPER Targets in FrontPage Forums

1 Users have submitted 1 trade ideas of Rs. 5,295 for JKPAPER
100% Bullish
0% Bearish
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JKPAPER Ratings

Long term JKPAPER rating by FrontPage users
5/5 (2 Ratings)

4 JKPAPER share price target reports by brokerages below. See what is analyst's view on JKPAPER share price forecast, rating, estimates, valuation and prediction behind the target. You may use these research report forecasts for long-term to medium term for your investment or trades in 2020.
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JKPAPER Share Price Target

JKPAPER Share Price Target - Broker Reports - 2020

15-Apr-20
Price @ Call: 92.78
Target: 130
BUY
We have revised our earnings estimate to Rs22.5 (earlier Rs27.8), Rs24.1 (earlier Rs31.2) and Rs26.4 (earlier Rs31.4) for FY20E/FY21E/FY22E, respectively factoring in the uncertainty over covid-19 lockdown. At our revised earnings, stock is trading at 4.1x/3.9x/3.5x FY20E/FY21E/FY22E EPS, and is trading at ~50% discount to its historical multiples. Even on P/BV, the stock is trading at 0.6x/0.5x FY21E/FY22E book value, which we believe largely factors in the concerns. We maintain our buy rating on the stock with a revised target price of Rs. 130 (earlier Rs. 173), valuing the stock at 5X FY22E EPS.
... Read more
29-Jan-20
Price @ Call: 130.65
Target: 173
BUY
We have revised our earnings estimates by +16%/33% for FY20E and FY21E respectively, post factoring in 9MFY20 performance and expected ramp up of Sirpur unit in FY21E. Based on our revised estimates, we have increased our earnings estimates from Rs. 4.3bn and Rs. 4.3 bn to Rs. 4.9 bn and Rs. 5.6 bn for FY20/21E and introduced FY22E with an estimates of Rs 5.6 bn. At our revised estimates, the stock is trading at 4.7x/4.2x/4.2x FY 20E/21E/FY22E earnings, which is at discount to its last 4 years historical multiple of 6X. We don’t forsee re-rating in the stock in the near future due to ongoing pricing pressure faced by paper industry due to fall in global pulp prices, increased threat of higher imports, and delay in ramping up of Sirpur unit. We continue to maintain BUY rating on the stock with the revised target price of Rs. 173 (earlier Rs. 167), valuing the stock at 5.5X December 2021 earnings, 10% discount to its last four years historical multiple.
... Read more

JKPAPER Share Price Target - Broker Reports - 2019

25-Oct-19
Price @ Call: 123.49
Target: 167
BUY
We believe that a) the company’s focus on increasing farm forestry to fulfill itsraw material requirements will help in reducing raw material costs and improve margins, b) capacity expansion at Gujarat will help the company to gain market share and c) ramping up of Sirpur unit in 2HFY20 will augur well for the company. Going ahead, we believe, lower pulp prices will be beneficial for the industry as the company imports mechanical pulp for its packaging board segment, but subdued demand and higher imports can weigh on prices. Besides this, end user demand is likely to foresee a growth in 2HFY20. Based on discussion with management, being in a capital intensive industry and having huge accumulated MAT credit, the company is not planning to move into new tax regime. Accordingly, we are re-instating our tax rates from 25.6% to 34.3%. Based on our revised estimates, we have downgraded our earnings estimates from Rs. 4.9bn and Rs. 5 bn to Rs. 4.3 bn and Rs. 4.3 bn for FY20/21E. At our revised estimates, the stock is trading at 5.3/5.3X FY 20/21E earnings, which is at discount to its last 4 years historical multiple of 6X. We maintain our BUY rating on the stock with the revised target price of Rs. 167 (earlier Rs. 190), as valuing at 7x FY21E.
... Read more
18-Sep-19
Price @ Call: 129.06
Target: 170
BUY
We believe that a) the company’s focus on increasing farm forestry to fulfill itsraw material requirements will help in reducing raw material costs and improve margins, b) ramping up of Sirpur unit and c) capacity expansion at Gujarat will help the company to gain market share augurs well for the company. In addition, the effective implementation of single use plastic ban w.e.f October 2, 2019, can bring additional demand for the packaging board segment. Demand growth is expected to remain muted in 2QFY20 and foresee improvement from 3QFY20 onwards. However, lower realisation and weak performance at Sirpur, would negate the benefit. Hence, we expect the earnings to remain largely flat for the next two years i.e Rs. 4.3bn and Rs. 4.4bn for FY20E and FY21E, respectively. At CMP, the stock is trading at 4.1/4.1x FY 20/21E earnings, which is at discount to its last four years historical multiple of 6X. We maintain our BUY rating on the stock with an unchanged target price of Rs. 170.
... Read more
14-May-19
Price @ Call: 125.65
Target: 192
BUY
JK Paper is a leader in India's copier paper segment, the second-largest in the coated paper segment and a leading player in the packaging board segment. We believe that, given the robust paper demand and benefit of Sirpur paper mill to start accruing from 2QFY20E onwards, JK Paper growth rate is likely to be higher than the market and will also help the company to gain the market share. Besides this, the company’s focus on increasing farm forestry to fulfill its raw material requirements and capacity expansion at Gujarat, augurs well for the company. We have revised our FY20/21E earnings to Rs. 4.4/4.9bn respectively (earlier Rs.4.08/4.06bn), post factoring 4QFY19 performance and expected ramp up of production in Sirpur facility. Given the correction in Global pulp prices and higher cost of production at Sirpur facility, we expect EBITDA margin for FY20/21E at ~26.1/25.3%. At CMP, the stock trades at 5.3x/5.4x FY20E/21E earnings, factors in all the potential negatives. We maintain our BUY rating on the stock with a revised target price of Rs.192 (earlier Rs. 200), as we roll forward our valuation multiple (7x) to FY21E earnings.
... Read more
15-Feb-19
Price @ Call: 126.79
Target: 200
BUY
4-Jan-19
Price @ Call: 150.1
Target: 180
BUY

JKPAPER Share Price Target - Broker Reports - 2018

21-Dec-18
Price @ Call: 156.74
Target: 200
BUY
9-Aug-18
Price @ Call: 160
Target: 203
BUY

JKPAPER Share Price Target - Broker Reports - 2017

23-Jun-17
Price @ Call: 96.2
Target: 122.5
BUY
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  • JKPAPER Share Price Target Today- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3106.68
    Upside Target 2105.82
    Upside Target 1104.83
    Pivot103.97
    Downside Target 1102.98
    Downside Target 2102.12
    Downside Target 3101.13
  • JKPAPER Share Price Target weekly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3112.7
    Upside Target 2109.65
    Upside Target 1104.8
    Pivot101.75
    Downside Target 196.9
    Downside Target 293.85
    Downside Target 389
  • JKPAPER Share Price Target monthly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3125.87
    Upside Target 2116.43
    Upside Target 1108.37
    Pivot98.93
    Downside Target 190.87
    Downside Target 281.43
    Downside Target 373.37
  • JKPAPER Share Price Target today- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3105.82
    Upside Target 2105.11
    Upside Target 1104.67
    Pivot103.97
    Downside Target 1103.26
    Downside Target 2102.82
    Downside Target 3102.12
  • JKPAPER Share Price Target weekly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3109.65
    Upside Target 2106.63
    Upside Target 1104.77
    Pivot101.75
    Downside Target 198.73
    Downside Target 296.87
    Downside Target 393.85
  • JKPAPER Share Price Target monthly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3116.43
    Upside Target 2109.75
    Upside Target 1105.62
    Pivot98.93
    Downside Target 192.25
    Downside Target 288.12
    Downside Target 381.43
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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