JK Tyre & Industries Ltd
JKTYREJK Tyre & Industries Ltd
JKTYRE![](https://assets.tickertape.in/sector-icons/consumer_discretionary.png)
![](https://assets.tickertape.in/sector-icons/smallcap.png)
![](https://assets.tickertape.in/sector-icons/high_risk.png)
Price 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
AvgThe stock is overpriced but is not in the overbought zone
Red flags
LowNo red flag found
How to use scorecard? Learn more
Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
15.27 | 3.43 | 0.92% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
41.18 | 7.89 | 0.48% |
Forecast & Ratings
Detailed Forecastfrom 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 peersBalkrishna Industries Ltd
MRF Ltd
Apollo Tyres Ltd
CEAT Ltd
Kesoram Industries Ltd
Get more out of Tickertape, Go Pro!
Customise key metrics, see detailed forecasts, download stock data and more
Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
All values in ₹
Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
All values in ₹
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 | 15,050.48 | ||||||||||
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 | 12,951.53 | 12,955.88 | ||||||||||
Power & Fuel Cost | 263.86 | 326.96 | 361.78 | 418.57 | 379.32 | 355.48 | 493.97 | 575.52 | ||||||||||||
Employee Cost | 782.98 | 893.29 | 829.48 | 915.35 | 931.58 | 922.74 | 1,075.70 | 1,220.36 | ||||||||||||
Selling & Administrative Expenses | 385.19 | 456.29 | 548.45 | 595.16 | 580.63 | 567.16 | 743.85 | 826.55 | ||||||||||||
Operating & Other expenses | 499.15 | 384.11 | 469.15 | 436.22 | 600.24 | 585.63 | 216.25 | 714.46 | ||||||||||||
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 | 2,094.60 | ||||||||||
Depreciation/Amortization | 216.13 | 291.32 | 299.46 | 315.67 | 377.83 | 386.69 | 385.36 | 407.06 | 436.75 | 436.75 | ||||||||||
PBIT | 911.94 | 975.60 | 572.31 | 791.54 | 532.22 | 1,000.20 | 728.10 | 865.75 | 1,657.85 | 1,657.85 | ||||||||||
Interest & Other Items | 252.43 | 440.36 | 465.50 | 521.08 | 548.99 | 465.85 | 419.09 | 454.50 | 446.93 | 446.93 | ||||||||||
PBT | 659.51 | 535.24 | 106.81 | 270.46 | -16.77 | 534.35 | 309.01 | 411.25 | 1,210.92 | 1,210.92 | ||||||||||
Taxes & Other Items | 192.20 | 159.84 | 40.77 | 94.12 | -167.53 | 215.01 | 98.99 | 148.77 | 424.69 | 424.69 | ||||||||||
Net Income | 467.31 | 375.40 | 66.04 | 176.34 | 150.76 | 319.34 | 210.02 | 262.48 | 786.23 | 786.23 | ||||||||||
EPS | 20.60 | 16.55 | 2.91 | 7.46 | 6.12 | 12.97 | 8.53 | 10.66 | 29.84 | 31.93 | ||||||||||
DPS | 2.50 | 2.50 | 1.50 | 1.50 | 0.70 | 2.00 | 1.50 | 2.00 | 4.50 | 3.00 | ||||||||||
Payout ratio | 0.12 | 0.15 | 0.52 | 0.20 | 0.11 | 0.15 | 0.18 | 0.19 | 0.15 | 0.09 |
Company Updates
Peers & Comparison
Consumer DiscretionaryTires & Rubber
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
JK Tyre & Industries Ltd | 15.27 | 3.43 | 0.92% |
Balkrishna Industries Ltd | 41.35 | 6.87 | 0.51% |
MRF Ltd | 26.19 | 3.71 | 0.16% |
Apollo Tyres Ltd | 19.49 | 2.41 | 1.14% |
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 3.13%
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 3.08%
Shareholding Pattern
Jun 2023
Sep 2023
Dec 2023
Mar 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 1.0821% | 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 -0.18% | 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 53/144 (-2) |
Nippon India SMALL CAP FUND DIRECT PLAN GROWTH PLAN GROWTH Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.6997% | Percentage of the fund’s portfolio invested in the stock 0.16% | Change in the portfolio weight of the stock over the last 3 months -0.07% | 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 192/225 (-12) |
ICICI Prudential Equity & Debt Fund - Direct Plan - Growth Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.4809% | Percentage of the fund’s portfolio invested in the stock 0.16% | Change in the portfolio weight of the stock over the last 3 months -0.06% | 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 112/174 (-5) |
Compare 3-month MF holding change on Screener
smallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
No Trend In Dividends
JKTYRE has shown inconsistent dividend trend over the last 5 years
Dividend Yield
Current dividend yield is 0.94%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹9.38 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
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
Cash Dividend
Ex DateEx DateSep 14, 2020
Dividend/Share
₹0.70
Ex DateEx Date
Sep 14, 2020
News & Opinions
Tyre stocks in focus; JK Tyre, Ceat, TVS, Goodyear rally up to 12%
1 week ago•Business Standard
JK Tyre & Industries receives upgrade in credit ratings
3 weeks ago•Business Standard
JK Tyre & Industries receives upgrade in LT ratings for bank facilities
3 weeks ago•Business Standard
JK Tyre, EKA Mobility Team Up To Enhance EV Performance With New-Gen Tyres
3 weeks ago•Bloomberg Quint
Buy JK Tyre; target of Rs 700: Emkay Global Financial
4 months ago•Moneycontrol
JK Tyre Raises Rs 500 Crore Via QIP; Funds To Finance Capex, Bolster Balance Sheet
6 months ago•Bloomberg Quint
JK Tyre Sees Robust Demand To Continue Amid Positive Economic Environment
8 months ago•Bloomberg Quint
Lower than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 7.56%, vs industry avg of 8.61%
Decreasing Market Share
Over the last 5 years, market share decreased from 15.89% to 15.13%
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 18.18%