Company Overview

Kuantum Papers Ltd is a leading agro and wood-based paper manufacturer that started commercial operations in 1980 in Hoshiarpur, Punjab. The company began with 30 TPD production capacity and has expanded to currently operate at 540 TPD through continuous process upgrades and backward integration projects.

Management Team

Board of Directors:

  • Jagesh Kumar Khaitan - Chairman
  • Pavan Khaitan - Vice Chairman and Managing Director (Chartered Accountant, Commerce graduate from Panjab University, joined company in 1997 as CEO)
  • Vivek Bihani - Director (Independent) (Engineer from BITS Pilani, MBA from IIM Bangalore, 3 decades experience)
  • Shireen Sethi - Director (Independent) (COO of Netwok1 Media Pvt. Ltd., over two decades experience)
  • Munishwar Kumar - Director (Independent) (MBA from Thomas Maine USA, 34 years experience)
  • Jagdeep Hira - Whole Time Director & CEO Operations (BITS Pilani alumnus, 30+ years pulp & paper industry experience)

Key Management Team:

  • CMO - MBA in Marketing, 30+ years sales and marketing experience in pulp & paper industry, 25 years with Kuantum
  • Vikram Kumar Khaitan - CFO (Chartered Accountant and Company Secretary, 20+ years financial sector experience)
  • Prachi Sharma - VP Corporate Strategy (Chartered Accountant, expertise in strategic planning and finance management)
  • Suresh Babu - VP Process Excellence (26+ years pulp, paper and paperboard industry experience)

Operational Details

Manufacturing Facilities:

  • Integrated manufacturing facility spread across 259 acres
  • Location: Foothills of Shivalik range, Punjab
  • Production system: Order-based manufacturing (no fixed SKUs)
  • Inventory: Finished goods inventory rarely exceeds three days' production
  • Collection: Strictly within 5 days of invoice date

Production Capacities:

  • Total Paper Production: 540 TPD across 4 paper machines
  • PM 1: 65 TPD
  • PM 2: 75 TPD
  • PM 3: 115 TPD
  • PM 4: 285 TPD
  • Pulping Capacity: 365 TPD total
  • Agro Pulp: 165 TPD
  • Wood Pulp: 200 TPD
  • Chemical Recovery Plant: 700 TPD of Black Liquor Solids
  • Recovery Boiler 1: 200 Solids TPD
  • Recovery Boiler 2: 500 Solids TPD (500 TPD HERB Recovery Boiler supplied by Andritz)
  • Co-Generation Power Plant: 38 MW installed capacity
  • Turbines: 38 MW
  • Boilers: 190 TPH (Two boilers of 60 & 130 TPH respectively)

Raw Material Sourcing:

Agro Pulping Street (165 TPD):

  • Wheat Straw: ~100%

Wood Pulping Street (200 TPD):

  • Wood Chips & Wood Logs: 93%
  • Bamboo: 7%

Technical Collaborations

Tanovis AG Collaboration:

  • Swiss company providing process technologies for lignocellulosic biomass
  • First-of-its-kind full scale Lignin Precipitation System to separate non-biodegradable lignin from black liquor

Specialty Minerals Inc. Collaboration:

  • First-of-its-kind onsite PCC (Precipitated Calcium Carbonate) Plant
  • Recent expansion from 25,000 TPA to 50,000 TPA capacity
  • Specialty Minerals Inc. is world's largest manufacturer of Precipitated Calcium Carbonates

Product Portfolio

Writing and Printing Products:

  • Extensive portfolio covering high-quality Agro and Wood based Maplitho, Copier, Specialty and Creamwove papers
  • GSM range: 40-200
  • Applications: Books, notebooks, annual reports, directories, account books, envelopes, diaries, calendars, computer & office stationery

Brand Categories:

  • Maplitho: KOSHEEN, KOSHEEN CRM, KRESTO, KOSMO LITHO CRM, KOSMO LITHO WHT, KOSMO LITHO SPX (52-120 GSM)
  • Copier: K-ONE (65,68,70,75,80 GSM), KOPIO (65,70,75 GSM), KALEELA* (72 GSM), KONQUER (65,70,75 GSM), KODEXA FS (80 GSM)
  • Creamwove: KUANTUM GOLD, KUANTUM GOLD HB, KAPPA PREMIUM (42-100 GSM), KOPY+, KOPY+ HB (48-90 GSM), KUANTUM KORRA, KUANTUM KORRA HB (48-90 GSM)

Specialty Paper Range:

Includes KUANTUM BOND, KRAYO, KOSMO LITHO, KREDA LEDGER, KOSMO CARTRIDGE WHT, KOSMO CARTRIDGE CRM, KOSMO PARCHMENT, KOSMO STIFFNER, KOSMO ENFOLD WHT, KOSMO ENFOLD LHT, KOSMO PREMIUM WHT, KOSMO PREMIUM CRM, KOSMO KODEXA, KOSMO KARD, KOSMO KARD YLO, KOSMO IVORY, KOSMO THERMIC, KOSMO SIPPS, KOSMO KUPSTOCK

Sales and Distribution

  • 110+ dealer network across India, many associated for three generations
  • Exporting to 25 countries
  • Marquee clients include: Macmillan Education India, McGraw Hill Education India, Oxford University Press, Pearson India Education Services, HT Media, Rachna Sagar, Chitra Prakashan India, Magic International, SBM Industries, Today Diaries

Sustainability Initiatives

Social Farm Forestry Program:

  • Covers wood plantations of 18,300+ acres
  • Target: Expand to 75,000 acres by 2030
  • Clonal Propagation Center produces high-quality clonal saplings including Eucalyptus, Poplar, Casuarina, Melia and Subabul
  • Aim to augment capacity to produce 1 crore clones annually

Environmental Measures:

  • Effluent Treatment Plant upgraded to meet environmental norms
  • Treated effluent used to irrigate more than 2050 acres of surrounding fields
  • Biomass usage in Co-Gen Power Plant (rice husk, wild grass, wood dust, wheat straw dust) minimizes GHG emissions
  • Water conservation: Aim to reduce freshwater consumption to below 30 m³ per tonne of paper
  • Chemical Recovery Plant recovers & reuses more than 95% of caustic soda

Corporate Social Responsibility

  • Anganwadi development and Montessori Training for teachers
  • Ambulance donation to Indian Red Cross Society, Hoshiarpur
  • Automotive and driving skills institute training construction
  • Recharge wells installation at Bhawanigarh for water security
  • 1 KW solar power systems for meritorious students
  • Tricycles distribution to specially abled individuals
  • Water cooler and RO system maintenance across villages
  • Tube well installation at Village Paddi Khutti
  • Water storage tank provision at Village Gandhowal
  • Red Cross Drug De-Addiction & Rehabilitation Centre makeover
  • Community hall construction at Village Saila Khurd
  • Solar-powered streetlights installation
  • Tree clone distribution to local farmers
  • Government School Infrastructure support
  • Street construction and interlocking blocks laying
  • Women training and employment opportunities
  • Sports and recreation infrastructure development
  • Bicycle provision to schoolgoing girls under Project Kitabghar

Financial Performance

Income Statement (INR Mn):

| Metric | FY23 | FY24 | FY25 | FY26 |

| Revenue | 10,932 | 11,083 | 12,115 | 13,092 |

| EBITDA | 1,618 | 2,426 | 3,330 | 3,792 |

| EBITDA Margins (%) | 14.80% | 21.92% | 27.49% | 28.96% |

| Other Income | 65 | 61 | 56 | 36 |

| Depreciation | 653 | 540 | 482 | 454 |

| Finance Cost | 464 | 393 | 428 | 710 |

| Exceptional Items | - | - | - | 634 |

| PBT | 566 | 1,554 | 2,476 | 2,030 |

| Tax | 146 | 402 | 638 | 668 |

| Profit After Tax | 420 | 1,152 | 1,838 | 1,362 |

| PAT Margins (%) | 3.84% | 10.41% | 15.17% | 10.40% |

| Diluted EPS (INR) | 4.81 | 13.20 | 21.07 | 15.60 |

Balance Sheet (INR Mn):

| Assets | FY24 | FY25 | FY26 |

| Property, plant and equipment | 14,678 | 16,013 | 18,099 |

| Capital work-in-progress | 415 | 1,552 | 2,625 |

| Total Non-Current Assets | 15,811 | 18,415 | 21,433 |

| Inventories | 1,128 | 1,262 | 1,314 |

| Trade receivable | 342 | 391 | 443 |

| Cash and Cash equivalents | 706 | 92 | 409 |

| Total Current Assets | 3,066 | 2,713 | 2,556 |

| Total Assets | 18,877 | 21,128 | 23,989 |

| Liabilities & Equity | FY24 | FY25 | FY26 |

| Equity share capital | 87 | 87 | 87 |

| Other equity | 11,151 | 12,040 | 12,196 |

| Total Equity | 11,238 | 12,127 | 12,283 |

| Borrowings (Non-Current) | 3,070 | 4,027 | 5,897 |

| Total Non-Current Liabilities | 4,620 | 5,732 | 7,846 |

| Borrowings (Current) | 2,055 | 2,509 | 2,701 |

| Total Current Liabilities | 3,019 | 3,269 | 3,860 |

| Total Liabilities | 7,639 | 9,001 | 11,706 |

Market Information

  • Trading Symbol: KUANTUM (NSE)
  • Face Value: ₹1.0
  • Market Price: ₹66.1 (as of presentation date)
  • 52 Week High/Low: ₹134.3/₹65.5
  • Market Capitalization: ₹5,767.3 Mn
  • Equity Shares Outstanding: 87.3 Mn
  • 1 Year Average Trading Volume: 65,900

Future Growth Strategy

  • Debottlenecking and upgrading plant operations to increase production capacity by ~50%
  • Leveraging single-use plastic ban by developing specialty products portfolio
  • Exploring technology in specialty/tissue paper segment for product diversification
  • Harnessing Industry 4.0 including IoT, AI and cloud computing for operational efficiency

Industry Overview

  • India produces ~5% of global paper, ranks 15th worldwide
  • Demand expected to reach ~30 mn tonnes by 2027
  • ~850 paper mills (2024) producing ~25 mn tonnes/year
  • Expected to rise to ~35 mn tonnes by FY30
  • Paper and packaging market valued at US$19.0 bn (2024), growing to US$21.7 bn by 2033
  • FY2024-25 installed capacity: 5.20 mn TPA, production: 4.94 mn TPA
  • Domestic sales: 4.41 mn tonnes, exports: 0.49 mn tonnes
  • Capacity utilisation: 95.03%

Regulatory Disclosure

  • Disclosure made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Dated: June 18, 2026
  • Presentation available on company website: www.kuantumpapers.com

Disclaimer

  • Presentation contains forward-looking statements based on management's beliefs and assumptions
  • Subject to risks, uncertainties and other factors that may cause actual results to differ materially
  • Does not constitute an offer or invitation to purchase or subscribe for any securities
  • Confidential and may not be copied or disseminated

Investor Relations Contact

Mr. Anuj Sonpal, Valorem Advisors

Tel: +91-22-3507 5100

Investor Kit Link: https://www.valoremadvisors.com/kuantum