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JK Tyre & Industries Ltd

JKTYRE

JK Tyre & Industries Ltd

JKTYRE
Consumer DiscretionaryTires & Rubber
SmallcapWith a market cap of ₹10,504 cr, stock is ranked 522
Moderate RiskStock is 2.54x as volatile as Nifty
381.050.51% (-1.95)
381.050.51% (-1.95)

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Consumer DiscretionaryTires & Rubber
SmallcapWith a market cap of ₹10,504 cr, stock is ranked 522
Moderate RiskStock is 2.54x as volatile as Nifty

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Consumer DiscretionaryTires & Rubber
SmallcapWith a market cap of ₹10,504 cr, stock is ranked 522
Moderate RiskStock is 2.54x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
14.262.281.12%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
38.536.710.73%

Forecast & Ratings

Detailed Forecast 
67%
Analysts have suggested that investors can buy this stock

from 6 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

JK Tyre & Industries Limited is engaged in the manufacturing of tyres, tubes and flaps. It's geographical segments include India, Mexico and Others.

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Lower than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 7.56%, vs industry avg of 8.67%

Decreasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share decreased from 15.9% to 15.03%

Higher than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 34.85%, vs industry avg of 18.19%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue6,922.557,862.878,418.2210,452.018,753.299,182.7512,033.4714,681.4615,046.1314,712.37
Raw Materialssubtract3,863.304,535.305,337.596,979.505,351.475,364.858,390.2410,071.769,011.9912,734.38
Power & Fuel Costsubtract263.86326.96361.78418.57379.32355.48493.97575.52586.30
Employee Costsubtract782.98893.29829.48915.35931.58922.741,075.701,220.361,436.99
Selling & Administrative Expensessubtract385.19456.29548.45595.16580.63567.16743.85826.55872.10
Operating & Other expensessubtract499.15384.11469.15436.22600.24585.63216.25714.461,044.15
Depreciation/Amortizationsubtract216.13291.32299.46315.67377.83386.69385.36407.06436.75448.63
Interest & Other Itemssubtract252.43440.36465.50521.08548.99465.85419.09454.50446.93447.91
Taxes & Other Itemssubtract192.20159.8440.7794.12-167.53215.0198.99148.77424.69344.72
EPS20.6016.552.917.466.1212.978.5310.6631.0228.26
DPS2.502.501.501.500.702.001.502.004.504.50
Payout ratio0.120.150.520.200.110.150.180.190.150.16

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2021

Annual report

PDF

Investor Presentation

May 20PDF
FY 2022

Annual report

PDF

Investor Presentation

May 20PDF
Feb 4PDF
Oct 29PDF
Aug 7PDF
FY 2023

Annual report

PDF

Investor Presentation

Nov 3PDF
Aug 9PDF
 

Peers & Comparison

Comparing 3 stocks from 
Consumer DiscretionaryTires & Rubber

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
JK Tyre & Industries Ltd13.362.281.12%
MRF Ltd26.593.310.15%
Balkrishna Industries Ltd36.946.140.57%
Apollo Tyres Ltd19.742.451.12%

Price Comparison

Compare JKTYRE with any stock or ETF
Compare JKTYRE with any stock or ETF
JKTYRE
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Shareholdings

Promoter Holdings Trend

Decreased Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has decreased by 2.58%

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Increased Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has increased by 2.30%

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding50.55%4.34%1.51%16.45%27.15%

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Shareholding History

JunSepDec '23MarJunSep8.69%10.29%12.21%15.29%14.15%16.45%

Mutual Funds Holding Trend

Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has almost stayed constant

Top 5 Mutual Funds holding JK Tyre & Industries Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
HDFC Hybrid Equity Fund - Growth - Direct Plan

Growth
1.2831%0.56%-0.01%36/139 (+1)
Nippon India Small Cap Fund - Growth - Direct Plan

Growth
0.7537%0.13%-0.01%192/234 (+3)
HSBC Small Cap Fund - Growth - Direct Plan

Growth
0.6815%0.42%-0.03%97/109 (-4)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

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smallcases

A smallcase is a basket of stocks/ETFs that represents an idea or theme.Diversify your risk and buy smallcases that have JK Tyre & Industries Ltd

Events

Dividend Trend

No Trend In Dividends

Dividends are the portion of earnings that a company distributes to all its shareholders every year

JKTYRE has shown inconsistent dividend trend over the last 5 years

Dividend Yield

Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 1.12%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹11.17 every year

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateJul 26, 2024

Final
Final | Div/Share: ₹3.50

Dividend/Share

3.50

Ex DateEx Date

Jul 26, 2024

Cash Dividend

Ex DateEx DateFeb 16, 2024

Interim
Interim | Div/Share: ₹1.00

Dividend/Share

1.00

Ex DateEx Date

Feb 16, 2024

Cash Dividend

Ex DateEx DateJul 27, 2023

Final
Final | Div/Share: ₹2.00

Dividend/Share

2.00

Ex DateEx Date

Jul 27, 2023

Cash Dividend

Ex DateEx DateAug 18, 2022

Final
Final | Div/Share: ₹1.50

Dividend/Share

1.50

Ex DateEx Date

Aug 18, 2022

Cash Dividend

Ex DateEx DateAug 18, 2021

Final
Final | Div/Share: ₹2.00

Dividend/Share

2.00

Ex DateEx Date

Aug 18, 2021

News & Opinions
Spotlight
Stock Alert: JK Tyre, G N A Axles, Tata Motors, Ashok leyland

Securities in F&O Ban: Granules India , Hindustan Copper, Metropolis Healthcare, National Aluminium, PVRInox, RBL Bank shares are banned from F&O trading on 13 December 2024. Stock to Watch: JK Tyre has secured a euro 30 million long-term loan from DEG ' Deutsche Investitions- und Entwicklungsgesellschaft. The funding will support the sustainable expansion of the company's production capacities at its facility in Madhya Pradesh, India. The new loan will help to continue this transformation, for example by allowing the boiler for the expansion facility to be operated using biomass rather than coal. G N A Axles announced the successful commissioning of Roof Top Solar Power Plant of 4 MW at its manufacturing plant situated at Village Gulabgarh Jattan Phagwara Hoshiarpur Road Dist Kapurthala to generate electricity for its captive consumption. Tata Motors will increase the prices up to 2% across its trucks and buses portfolio, effective 1st January 2025. The price increase is to offset the rise in input costs. While the price increase will vary as per individual model and variant, it will be applicable across the entire range of trucks and buses. NESCO has been declared as lowest bidder by National Highway Logistics Management (NHML) for the development, operation and maintenance of wayside amenities along with Hyderabad-Vishakapatnam Expressway. Under the terms of the agreement, NESCO Ltd will develop, operate, and maintain wayside amenities across four sites on a lease basis for a period of 30 years, with the option to extend for an additional 30 years through a first right of refusal. Bajel Projects has been awarded a supply of Goods and Services contract by Solapur Transmission, (Project SPV Company of Torrent Power) for the establishment of new 400/220 KV solar substation in Mahrashtra. The order includes EPC work of design, engineering, manufacturing, supply, erection, civil work, testing & commissioning work for establishment of 400/220 KV Solapur PS (New) & Establishment of 400 KV Line Bays (Power Grid Solapur), Solapur, Maharashtra Ashok Leyland has been bagged an order for supplying 1,475 BSVI Diesel Fuel Type Passenger Bus Chassis for total consideration of Rs 345.58 crore to Tamil Nadu State Transport Corporation (TNSTC). NHPC said its board of directors has approved a revised borrowing plan to raise up to ₹6,900 crore during the financial year 2024-25. The decision was taken at a board meeting held on 12 December 2024. The borrowing plan includes raising funds through secured or unsecured, redeemable, taxable, non-cumulative, non-convertible corporate bonds in one or more series or tranches via private placement. JK Tyre will secure long-term loan of Euro 30 million from DEG ' Deutsche Investitions- und Entwicklungsgesellschaf. The funding will be invested in the sustainable expansion of production capacities at the company's site in Madhya Pradesh.Powered by Capital Market - Live

1 week agoCapital Market - Live
Earnings
JK Tyre & Industries consolidated net profit declines 44.22% in the September 2024 quarter

Net profit of JK Tyre & Industries declined 44.22% to Rs 135.04 crore in the quarter ended September 2024 as against Rs 242.11 crore during the previous quarter ended September 2023. Sales declined 7.08% to Rs 3621.56 crore in the quarter ended September 2024 as against Rs 3897.53 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales3621.563897.53 -7 OPM %11.6315.12 - PBDT322.78487.71 -34 PBT209.60379.67 -45 NP135.04242.11 -44 Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
JK Tyre & Industries declare Quarterly Result

JK Tyre & Industries will hold a meeting of the Board of Directors of the Company on 5 November 2024Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
JK Tyre & Industries announces cessation of director

JK Tyre & Industries announced that Kalpataru Tripathy (DIN - 00865794) and Vimal Bhandari (DIN - 00001318), Independent Directors, ceased to be Directors of the Company with effect from 25 September 2024, upon completion of their respective tenures as Independent Directors, on 24 September 2024.Powered by Capital Market - Live

3 months agoCapital Market - Live
Corporate
Board of JK Tyre & Industries approves draft scheme of amalgamation

The Board of JK Tyre & Industries at its meeting held on 16 September 2024 has approved the draft Scheme of Amalgamation of Cavendish Industries (Transferor Company) with the Company and their respective shareholder. Powered by Capital Market - Live

3 months agoCapital Market - Live
Corporate
JK Tyre & Industries allots 1.32 cr equity shares on conversion of debentures

JK Tyre & Industries has allotted 1,32,96,398 equity shares of face value of Rs 2 each on conversion of 24,000 fully paid Compulsorily Convertible Debentures (carrying an interest at the rate of 6% per annum, compounded cumulatively on a quarterly basis) of face value of Rs. 1,00,000/- each (CCDs),issued to International Finance Corporation, a Qualified Institutional Buyer, by way of a preferential issue on a private placement basis, at a conversion price of Rs 180.50 per equity share. Pursuant to aforesaid allotment of equity shares on conversion of CCDs, the issued, subscribed and paid-up equity share capital of the Company stands increased from 26,07,23,629 Equity Shares of Rs 2/- each to 27,40,20,027 equity shares of Rs 2/- each (all fully paid-up). Powered by Capital Market - Live

3 months agoCapital Market - Live
Corporate
Board of JK Tyre & Industries approves investment in a renewable power company

The Board of JK Tyre & Industries at its meeting held on 21 August 2024 has approved an investment of Rs 1.32 crore in 26% equity shares of face value of Rs. 10/- each, for cash at par, of TRUERE Galaxy, a solar power generating company. The investment is aimed for ensuring group captive power status. Powered by Capital Market - Live

4 months agoCapital Market - Live
JK Tyre Q1 Results Post Strategy: Revenue & Income में तेजी लेकिन Sales में क्यों दिखी कमी?
4 months agoCNBC Awaaz.

JK Tyre Q1 Results: Profit Rises 37% To Rs 211 Crore

4 months agoBloomberg Quint

JK Tyre Q1 results: PAT rises 37% to Rs 211 cr amid decline in revenue

4 months agoBusiness Standard