JK Tyre & Industries Ltd
JKTYREJK Tyre & Industries Ltd
JKTYREPrice Chart
Scorecard
Performance
AvgPrice return has been average, nothing exciting
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
GoodThe stock is underpriced and is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
14.26 | 2.28 | 1.12% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
38.53 | 6.71 | 0.73% |
Forecast & Ratings
Detailed Forecast from 6 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
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.
Peers
Compare with peersMRF Ltd
Balkrishna Industries Ltd
Apollo Tyres Ltd
CEAT Ltd
Kesoram Industries Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
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Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
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Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 6,922.55 | 7,862.87 | 8,418.22 | 10,452.01 | 8,753.29 | 9,182.75 | 12,033.47 | 14,681.46 | 15,046.13 | 14,712.37 | ||||||||||
Raw Materials | 3,863.30 | 4,535.30 | 5,337.59 | 6,979.50 | 5,351.47 | 5,364.85 | 8,390.24 | 10,071.76 | 9,011.99 | 12,734.38 | ||||||||||
Power & Fuel Cost | 263.86 | 326.96 | 361.78 | 418.57 | 379.32 | 355.48 | 493.97 | 575.52 | 586.30 | |||||||||||
Employee Cost | 782.98 | 893.29 | 829.48 | 915.35 | 931.58 | 922.74 | 1,075.70 | 1,220.36 | 1,436.99 | |||||||||||
Selling & Administrative Expenses | 385.19 | 456.29 | 548.45 | 595.16 | 580.63 | 567.16 | 743.85 | 826.55 | 872.10 | |||||||||||
Operating & Other expenses | 499.15 | 384.11 | 469.15 | 436.22 | 600.24 | 585.63 | 216.25 | 714.46 | 1,044.15 | |||||||||||
EBITDA | 1,128.07 | 1,266.92 | 871.77 | 1,107.21 | 910.05 | 1,386.89 | 1,113.46 | 1,272.81 | 2,094.60 | 1,977.99 | ||||||||||
Depreciation/Amortization | 216.13 | 291.32 | 299.46 | 315.67 | 377.83 | 386.69 | 385.36 | 407.06 | 436.75 | 448.63 | ||||||||||
PBIT | 911.94 | 975.60 | 572.31 | 791.54 | 532.22 | 1,000.20 | 728.10 | 865.75 | 1,657.85 | 1,529.36 | ||||||||||
Interest & Other Items | 252.43 | 440.36 | 465.50 | 521.08 | 548.99 | 465.85 | 419.09 | 454.50 | 446.93 | 447.91 | ||||||||||
PBT | 659.51 | 535.24 | 106.81 | 270.46 | -16.77 | 534.35 | 309.01 | 411.25 | 1,210.92 | 1,081.45 | ||||||||||
Taxes & Other Items | 192.20 | 159.84 | 40.77 | 94.12 | -167.53 | 215.01 | 98.99 | 148.77 | 424.69 | 344.72 | ||||||||||
Net Income | 467.31 | 375.40 | 66.04 | 176.34 | 150.76 | 319.34 | 210.02 | 262.48 | 786.23 | 736.73 | ||||||||||
EPS | 20.60 | 16.55 | 2.91 | 7.46 | 6.12 | 12.97 | 8.53 | 10.66 | 31.02 | 28.26 | ||||||||||
DPS | 2.50 | 2.50 | 1.50 | 1.50 | 0.70 | 2.00 | 1.50 | 2.00 | 4.50 | 4.50 | ||||||||||
Payout ratio | 0.12 | 0.15 | 0.52 | 0.20 | 0.11 | 0.15 | 0.18 | 0.19 | 0.15 | 0.16 |
Company Updates
Annual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFPeers & Comparison
Consumer DiscretionaryTires & Rubber
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
JK Tyre & Industries Ltd | 13.36 | 2.28 | 1.12% |
MRF Ltd | 26.59 | 3.31 | 0.15% |
Balkrishna Industries Ltd | 36.94 | 6.14 | 0.57% |
Apollo Tyres Ltd | 19.74 | 2.45 | 1.12% |
Price Comparison
Compare JKTYRE with any stock or ETFShareholdings
Promoter Holdings Trend
Decreased Total Promoter Holding
In last 6 months, promoter holding in the company has decreased by 2.58%
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Increased Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has increased by 2.30%
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
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) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
HDFC Hybrid Equity Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.2831% | Percentage of the fund’s portfolio invested in the stock 0.56% | Change in the portfolio weight of the stock over the last 3 months -0.01% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 36/139 (+1) |
Nippon India Small Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.7537% | Percentage of the fund’s portfolio invested in the stock 0.13% | Change in the portfolio weight of the stock over the last 3 months -0.01% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 192/234 (+3) |
HSBC Small Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.6815% | Percentage of the fund’s portfolio invested in the stock 0.42% | Change in the portfolio weight of the stock over the last 3 months -0.03% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 97/109 (-4) |
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Events
Dividend Trend
No Trend In Dividends
JKTYRE has shown inconsistent dividend trend over the last 5 years
Dividend Yield
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
Dividend/Share
₹3.50
Ex DateEx Date
Jul 26, 2024
Cash Dividend
Ex DateEx DateFeb 16, 2024
Dividend/Share
₹1.00
Ex DateEx Date
Feb 16, 2024
Cash Dividend
Ex DateEx DateJul 27, 2023
Dividend/Share
₹2.00
Ex DateEx Date
Jul 27, 2023
Cash Dividend
Ex DateEx DateAug 18, 2022
Dividend/Share
₹1.50
Ex DateEx Date
Aug 18, 2022
Cash Dividend
Ex DateEx DateAug 18, 2021
Dividend/Share
₹2.00
Ex DateEx Date
Aug 18, 2021
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
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
JK Tyre & Industries will hold a meeting of the Board of Directors of the Company on 5 November 2024Powered by Capital Market - Live
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
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
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
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
JK Tyre Q1 Results: Profit Rises 37% To Rs 211 Crore
JK Tyre Q1 results: PAT rises 37% to Rs 211 cr amid decline in revenue
Lower than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 7.56%, vs industry avg of 8.67%
Decreasing Market Share
Over the last 5 years, market share decreased from 15.9% to 15.03%
Higher than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 34.85%, vs industry avg of 18.19%