JK Paper Limited has recommended a final dividend of ₹5 per equity share for the financial year ended March 2025, the company informed the National Stock Exchange on May 19, 2025. Simultaneously, the company disclosed that its Secretarial Auditor, Mr Namo Narain Agarwal, has resigned from the position with effect from May 18, 2026, as per a separate exchange filing dated May 9, 2026.

Dividend Details and Yield

The board of directors approved the final dividend of ₹5 per share at its meeting held on May 19, 2025. At the current market price of ₹379 per share, this translates to a dividend yield of approximately 1.32%. The face value of each equity share is ₹10, making this a 50% dividend on face value. JK Paper's total market capitalisation currently stands at ₹6,871.98 Cr.

Dividend History and Trend Analysis

The FY25 final dividend of ₹5 per share is consistent with the FY24 final dividend of ₹5 per share declared in May 2024. However, in FY24, the company had also paid an interim dividend of ₹3.50 per share in February 2024, bringing the total FY24 payout to ₹8.50 per share. The FY25 announcement covers only a final dividend, and no interim dividend was declared during FY25, making the total FY25 payout lower than the combined FY24 distribution.

The long-term trend shows a broadly rising dividend trajectory from ₹2.50 in FY18 to a peak combined payout of ₹8.50 in FY24, before moderating in FY25 with only a final dividend declared.

Valuation and Market Context

JK Paper shares are currently trading at ₹379, reflecting a gain of ₹6 or 1.61% on the day. The stock's price-to-earnings ratio stands at 25.25x, marginally above the sector PE of 24.47x, indicating a slight premium to peers in the paper and packaging space. The stock is a constituent of the NIFTY MICROCAP 250, NIFTY TOTAL MARKET, and NIFTY SMALLCAP 500 indices.

Against its 52-week range, the stock is trading closer to its 52-week low of ₹296.85 recorded on May 7, 2025, and well below its 52-week high of ₹444.80 touched on October 3, 2025. The current price is approximately 14.8% above the 52-week low and about 14.8% below the 52-week high.

Trading Activity and Delivery Data

On May 9, 2026, total trading volume in JK Paper stood at 5,03,980 shares, with a delivery percentage of 46.55%. A delivery percentage close to or above 50% typically signals that a meaningful portion of trades reflect positional interest rather than purely intraday activity. Daily volatility is recorded at 2.51%.

Secretarial Auditor Resignation

The resignation of Mr Namo Narain Agarwal as Secretarial Auditor, effective May 18, 2026, is a regulatory disclosure requirement under SEBI listing obligations. The company is expected to appoint a replacement Secretarial Auditor to ensure continued compliance with the Companies Act and SEBI regulations. No reason for the resignation was stated in the exchange filing.

Investors tracking JK Paper should note the reduction in total per-share dividend payout in FY25 compared to FY24, and monitor the company's forthcoming disclosure regarding the appointment of a new Secretarial Auditor.