JK Tyre & Industries Ltd
JKTYREJK Tyre & Industries Ltd
JKTYRE
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
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Key Metrics
| No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
|---|---|---|
| 13.05 | 2.39 | 1.07% |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 43.45 | 7.32 | 0.45% |
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 peersBalkrishna Industries Ltd
MRF Ltd
Apollo Tyres Ltd
CEAT Ltd
Kesoram Industries Ltd
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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 | 14,974.54 | ||||||||||
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 | 12,834.51 | ||||||||||
| 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 | 2,140.03 | ||||||||||
| Depreciation/Amortization | 216.13 | 291.32 | 299.46 | 315.67 | 377.83 | 386.69 | 385.36 | 407.06 | 436.75 | 443.49 | ||||||||||
| PBIT | 911.94 | 975.60 | 572.31 | 791.54 | 532.22 | 1,000.20 | 728.10 | 865.75 | 1,657.85 | 1,696.54 | ||||||||||
| Interest & Other Items | 252.43 | 440.36 | 465.50 | 521.08 | 548.99 | 465.85 | 419.09 | 454.50 | 446.93 | 437.06 | ||||||||||
| PBT | 659.51 | 535.24 | 106.81 | 270.46 | -16.77 | 534.35 | 309.01 | 411.25 | 1,210.92 | 1,259.48 | ||||||||||
| Taxes & Other Items | 192.20 | 159.84 | 40.77 | 94.12 | -167.53 | 215.01 | 98.99 | 148.77 | 424.69 | 415.68 | ||||||||||
| Net Income | 467.31 | 375.40 | 66.04 | 176.34 | 150.76 | 319.34 | 210.02 | 262.48 | 786.23 | 843.80 | ||||||||||
| EPS | 20.60 | 16.55 | 2.91 | 7.46 | 6.12 | 12.97 | 8.53 | 10.66 | 31.02 | 32.36 | ||||||||||
| 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
Compare valuation on Screener| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| JK Tyre & Industries Ltd | 14.00 | 2.39 | 1.07% |
| Balkrishna Industries Ltd | 40.60 | 6.75 | 0.52% |
| MRF Ltd | 27.79 | 3.46 | 0.15% |
| Apollo Tyres Ltd | 19.12 | 2.37 | 1.16% |
Price Comparison
Compare JKTYRE with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Increased Total Retail Holding
In last 3 months, retail holding in the company has increased by 2.69%
Decreased Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has decreased by 1.14%
Shareholding Pattern
Sep 2023
Dec 2023
Mar 2024
Jun 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 1.2573% | Percentage of the fund’s portfolio invested in the stock 0.57% | Change in the portfolio weight of the stock over the last 3 months -0.02% | 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 41/135 (-2) |
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 0.7360% | Percentage of the fund’s portfolio invested in the stock 0.14% | Change in the portfolio weight of the stock over the last 3 months -0.02% | 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 204/231 (-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 0.6725% | Percentage of the fund’s portfolio invested in the stock 0.44% | Change in the portfolio weight of the stock over the last 3 months 0.44% | 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 94/107 (+11) |
Compare 3-month MF holding change on Screener
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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 1.05%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹10.52 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
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
JK Tyre Q1 Results: Net profit zooms 37% YoY to Rs 211 cr; total income falls to Rs 3,655 cr
JK Tyre Q1 result: PAT rises 37% to Rs 211 cr, total income at Rs 3,655 cr
JK Tyre & Industries consolidated net profit rises 37.41% in the June 2024 quarter
Net profit of JK Tyre & Industries rose 37.41% to Rs 211.44 crore in the quarter ended June 2024 as against Rs 153.87 crore during the previous quarter ended June 2023. Sales declined 2.12% to Rs 3639.08 crore in the quarter ended June 2024 as against Rs 3718.08 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales3639.083718.08 -2 OPM %13.7412.29 - PBDT403.35343.21 18 PBT290.80237.40 22 NP211.44153.87 37 Powered by Capital Market - Live
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 15.05%
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%