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JK Paper Ltd.

BSE: 532162 Sector: Industrials
NSE: JKPAPER ISIN Code: INE789E01012
BSE LIVE 09:23 | 23 Aug 94.00 0.95
(1.02%)
OPEN

93.65

HIGH

94.00

LOW

93.60

NSE 15:44 | 22 Aug 93.25 0.10
(0.11%)
OPEN

93.80

HIGH

94.10

LOW

92.40

OPEN 93.65
PREVIOUS CLOSE 93.05
VOLUME 725
52-Week high 123.00
52-Week low 55.00
P/E 8.09
Mkt Cap.(Rs cr) 1,587
Buy Price 94.00
Buy Qty 375.00
Sell Price 94.20
Sell Qty 247.00
OPEN 93.65
CLOSE 93.05
VOLUME 725
52-Week high 123.00
52-Week low 55.00
P/E 8.09
Mkt Cap.(Rs cr) 1,587
Buy Price 94.00
Buy Qty 375.00
Sell Price 94.20
Sell Qty 247.00

JK Paper Ltd. (JKPAPER) - Chairman Speech

Company chairman speech

Dear Shareholder

World Economic growth continues to be mutedwith growth forecasts periodically scaleddownnow at 3.2% for 2016 from 3.4% earlier in January and only marginally up from 3.1 %in

2015.While emerging economies still account for bulk of the growth.it remains unevenand weaker than over the past two decades.China's slow growthsluggish situation in largeemerging markets like Brazil and Russiaand difficult oil-exporting nation's macroeconomicconditionspaint a dull picture.Barring USAmost of the developed world is still to getover the setback from the 2008 global financial crisis.

India amongst large economies has managed to consolidate its growth.In factit is seenas the sole bright spot in an otherwise turbulent world economy.Besides high growthIndiaalso finds itself in a favorable position in other macro parameters which are withintargeted levels.Foreign exchange reserves are at their highest levels which has promptedinvestors and businesses to view it as a safe bet and opportunity for investments.

High cost of capital has been a major impediment to investments in the manufacturingsector in India.Benign inflationary expectation has given headroom to cut policy rates by150 basis points since January 2015which is now at a 5-year low of 6.5%.This coupled withbanks moving to Marginal Cost of Funds based Lending Rate (MCLR) and reduction of interestrates on small savingsprovides an opportunity for lending rates to come down further inthe near term.This is welcome from the business perspective and also a big fillip todemand revivalparticularly those of discretionary items.However the transmission ofinterest rate reduction to businesses remains lower than policy rate cut.

High economic growth effect is yet to be felt on the ground where most manufacturingcompanies are witnessing under utilised capacities.While investments are lessforthcomingsome green shoots of recovery are visible on the horizon.Sustained lowinflation and Government's push to infrastructure investments in roadspowerparticularlyin renewables and portsare expected to pull in private investments and boost furthergrowth.

It gives me a sense of satisfaction that amidst such challenging scenarioJK Paper hasbeen able to further improve the gains achieved in the last 2 years post expansion.Whileindustry has been growing at 5-6%your company has grown at over I I % and achievedaTurnover of over Rs.2700 crore.the highest so far.

Environment protection remains a high priority area for the company and its businessmodel is based on the principles of sustainable development.We believe the communityaround us is a determinant and a stakeholder in our success.Our CSR activities whetherthey are literacy programsmedical & healthcare or livelihood intervention initiativesare aligned with the objectives of inclusive growth.The efforts have all been wellreceived and appreciated.

The strong fundamentals of India's macroeconomy augur well for the future of the IndianPaper Industry.This along with your Company's thrust on growth and continued leadership inhigh quality and valued-added products and market driven approach provides a platform forus to reach greater heights.Your continued support in this journey has enabled us to makeit this far and I look forward to the same support in the journey ahead.

BHARAT HARI SINGHANIA