JK Tyres & Inds.

₹387.9 -5 | 1.3%

WEBSITE BSE:530007 NSE : JK TYRE IND 10 May, 16:01

Market Cap ₹10113 Cr.

Stock P/E 13.4

P/B 2.3

Current Price ₹387.9

Book Value ₹ 172

Face Value 2

52W High ₹554.4

Dividend Yield 0.52%

52W Low ₹ 171.1

Edit Ratio

JK Tyres & Inds. Research see more...

Overview Inc. Year: 1951Industry: Tyres & Allied

JK Tyre & Industries Ltd is an primarily India based tire producer. The Company is engaged inside the manufacture of tires, tubes and flaps. Its geographical segments are in Mexico, India, and Others. Its tire products comprises truck/bus radial and bias, passenger automobile radials,two /three-wheeler tires, light industrial vehicle (LCV) and small commercial vehicle (SCV) bias and radial, off-highway tires, in addition to speciality tires for racing, army/defense, industrial and farm packages. Its tires consist of passenger automobile tires, motorcycle/ scooter tires, commercial tires, farm tires, off the road tires, three-wheeler tire and retread. The Company provides end -to-end solutions throughout segments of passenger vehicles, commercial motors, farming, off -the -road and two and three-wheelers. Its Smart Tyre generation and Tyre Pressure Monitoring Systems (TPMS) monitor the tires facts, together with pressure and temperature. Its logo stores include Steel Wheels and Xpress Wheels.

JK Tyres & Inds. Share Price

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Price: NSE50 DMA200 DMAVolume

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Peer Comparison

JK Tyres & Inds. Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	2987	3076	3312	3643	3757	3613	3632	3718	3898	3688
Other Income	11	8	8	7	8	10	12	8	8	13
Total Income	2998	3084	3320	3650	3764	3623	3645	3726	3905	3700
Total Expenditure	2694	2803	3084	3358	3459	3274	3256	3261	3308	3138
Operating Profit	303	281	236	291	305	349	389	465	597	563
Interest	106	104	101	99	109	121	125	122	109	107
Depreciation	97	96	96	101	99	102	106	106	108	111
Exceptional Income / Expenses	2	7	6	-35	-23	-14	10	4	-3	-4
Profit Before Tax	102	88	44	57	74	113	168	242	377	341
Provision for Tax	38	34	6	23	25	43	55	82	127	114
Profit After Tax	64	54	38	34	49	70	113	159	250	227
Adjustments	2	3	2	3	2	-4	-4	-5	-8	-6
Profit After Adjustments	67	57	40	37	51	66	108	154	242	221
Adjusted Earnings Per Share	2.7	2.3	1.6	1.5	2.1	2.7	4.4	6.2	9.8	8.5

JK Tyres & Inds. Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	6985	7652	7384	6898	8318	8397	10368	8723	9102	11983	14645	14936
Other Income	14	18	17	24	65	146	84	31	43	37	37	41
Total Income	6999	7670	7401	6922	7755	8418	10452	8753	9145	12020	14681	14976
Total Expenditure	6367	6780	6453	5782	6557	7535	9256	7737	7796	10910	13347	12963
Operating Profit	632	890	948	1141	1198	883	1196	1016	1349	1110	1334	2014
Interest	233	276	257	252	440	466	521	549	466	419	455	463
Depreciation	133	179	158	216	291	299	316	378	387	385	407	431
Exceptional Income / Expenses	-2	-60	-47	-13	69	-11	-89	-106	37	4	-62	7
Profit Before Tax	264	374	486	660	535	107	270	-17	534	309	411	1128
Provision for Tax	67	119	162	203	155	44	94	-166	201	109	147	378
Profit After Tax	197	256	324	457	380	63	176	149	333	200	265	749
Adjustments	6	7	6	11	-4	3	0	2	-14	10	-2	-23
Profit After Adjustments	203	263	330	467	375	66	176	151	319	210	262	725
Adjusted Earnings Per Share	9.9	12.8	14.5	20.6	16.6	2.9	7.2	6.1	13	8.5	10.7	28.9

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	22%	19%	12%	8%
Operating Profit CAGR	20%	10%	9%	8%
PAT CAGR	33%	21%	33%	3%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	98%	49%	36%	26%
ROE Average	9%	10%	9%	16%
ROCE Average	11%	11%	10%	13%

JK Tyres & Inds. Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	906	1097	1401	1751	1965	1961	2284	2331	2673	2848	3396
Minority's Interest	0	0	0	0	145	142	136	95	106	99	100
Borrowings	1242	1231	1504	1549	3570	3126	3317	3150	2861	2476	2360
Other Non-Current Liabilities	606	687	731	896	848	824	892	903	1132	1139	1222
Total Current Liabilities	2808	3028	3269	2856	3867	4482	4639	4734	4169	5598	5261
Total Liabilities	5563	6043	6904	7052	10395	10535	11269	11213	10940	12161	12339
Fixed Assets	2714	2690	2701	3747	5788	6136	6222	6376	6237	6423	6462
Other Non-Current Assets	367	510	1233	535	549	624	601	617	600	396	460
Total Current Assets	2481	2842	2970	2770	4058	3774	4446	4205	4092	5334	5412
Total Assets	5563	6043	6904	7052	10395	10535	11269	11213	10940	12161	12339

JK Tyres & Inds. Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	104	140	236	163	132	260	95	109	65	89	94
Cash Flow from Operating Activities	-15	655	734	903	106	637	797	1237	1598	346	1224
Cash Flow from Investing Activities	-203	-228	-800	-506	-835	-394	-261	-318	-138	-245	-400
Cash Flow from Financing Activities	252	-335	-1	-422	830	-409	-522	-963	-1441	-96	-747
Net Cash Inflow / Outflow	33	92	-67	-25	100	-166	14	-43	20	5	76
Closing Cash & Cash Equivalent	140	236	163	132	260	95	109	65	89	94	173

JK Tyres & Inds. Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	9.9	12.81	14.54	20.6	16.55	2.91	7.16	6.12	12.97	8.53	10.66
CEPS(Rs)	16.06	21.19	21.24	29.67	29.59	15.98	19.98	21.39	29.24	23.78	27.28
DPS(Rs)	0.7	1	1.5	2.5	2.5	1.5	1.5	0.7	2	1.5	2
Book NAV/Share(Rs)	43.08	52.57	61.77	77.22	86.63	86.47	92.77	94.07	108.04	115.38	137.68
Core EBITDA Margin(%)	8.18	10.55	11.57	14.73	21.17	10.27	10.72	11.3	14.35	8.96	8.86
EBIT Margin(%)	6.58	7.88	9.24	12.03	11.73	6.82	7.63	6.1	10.99	6.08	5.91
Pre Tax Margin(%)	3.5	4.53	6.04	8.7	6.43	1.27	2.61	-0.19	5.87	2.58	2.81
PAT Margin (%)	2.6	3.09	4.03	6.02	4.57	0.75	1.7	1.71	3.66	1.67	1.81
Cash Profit Margin (%)	4.36	5.27	5.99	8.87	8.07	4.32	4.75	6.04	7.91	4.89	4.59
ROA(%)	3.68	4.41	5	6.55	4.35	0.6	1.62	1.33	3.01	1.73	2.16
ROE(%)	24.62	26.04	26.12	28.98	20.44	3.21	8.3	6.48	13.4	7.28	8.5
ROCE(%)	15.43	17.62	18.18	20.2	15.9	7.44	10.01	6.69	13.18	9.53	10.73
Receivable days	49.74	52.69	62.85	68.29	70.15	72.59	61.44	79.37	68.65	54.15	53.12
Inventory Days	41.43	41.32	41.11	42.06	48.11	60.18	55.23	69.19	68.31	64.3	57.36
Payable days	82.51	72.87	84.14	94.8	91.15	82.71	75.47	112.41	108.87	85.41	73.07
PER(x)	2.05	2.79	7.26	4.09	7.94	55.52	12.81	6.66	8.39	13.75	14.54
Price/Book(x)	0.47	0.68	1.71	1.09	1.52	1.87	0.99	0.43	1.01	1.02	1.13
Dividend Yield(%)	3.45	2.8	1.42	2.97	1.9	0.93	1.63	1.72	1.84	1.28	1.29
EV/Net Sales(x)	0.43	0.42	0.7	0.68	1	1.11	0.76	0.74	0.79	0.65	0.57
EV/Core EBITDA(x)	4.72	3.6	5.46	4.09	6.96	10.58	6.56	6.32	5.31	7.05	6.25
Net Sales Growth(%)	2.98	9.54	-3.5	-6.58	20.58	0.96	23.47	-15.87	4.35	31.65	22.21
EBIT Growth(%)	202.15	30.9	14.19	22.74	6.98	-41.34	38.31	-32.76	87.93	-27.2	18.91
PAT Growth(%)	614.97	29.88	26.71	41.03	-16.85	-83.43	180.18	-15.47	123.77	-39.93	32.17
EPS Growth(%)	735.52	29.38	13.46	41.75	-19.67	-82.41	145.93	-14.51	111.82	-34.23	24.98
Debt/Equity(x)	3.06	2.51	2.12	1.66	2.88	2.96	2.52	2.4	1.75	1.8	1.41
Current Ratio(x)	0.88	0.94	0.91	0.97	1.05	0.84	0.96	0.89	0.98	0.95	1.03
Quick Ratio(x)	0.55	0.63	0.64	0.66	0.71	0.52	0.59	0.55	0.55	0.52	0.62
Interest Cover(x)	2.14	2.36	2.89	3.61	2.22	1.23	1.52	0.97	2.15	1.74	1.9
Total Debt/Mcap(x)	6.49	3.68	1.24	1.52	1.9	1.58	2.55	5.52	1.74	1.77	1.25

JK Tyres & Inds. Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	55.93	56.26	56.26	56.26	56.26	56.26	56.26	56.26	53.13	53.13
FII	8.13	8.16	7.35	7.23	7.47	6.73	8.69	10.29	12.21	15.29
DII	1.26	1.24	1.23	1.23	1.29	1.22	1.22	1.27	5.78	5.18
Public	34.68	34.35	35.16	35.28	34.99	35.79	33.83	32.18	28.88	26.4
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	13.77	13.85	13.85	13.85	13.85	13.85	13.85	13.85	13.85	13.85
FII	2	2.01	1.81	1.78	1.84	1.66	2.14	2.53	3.18	3.99
DII	0.31	0.3	0.3	0.3	0.32	0.3	0.3	0.31	1.51	1.35
Public	8.54	8.46	8.66	8.69	8.62	8.81	8.33	7.92	7.53	6.88
Others	0	0	0	0	0	0	0	0	0	0
Total	24.62	24.62	24.62	24.62	24.62	24.62	24.62	24.62	26.07	26.07

Pros

Company has delivered good profit growth of 33% CAGR over last 5 years
Debtor days have improved from 85.41 to 73.07days.
Company has reduced debt.

Cons

Company has a low return on equity of 10% over the last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

JK Tyres & Inds. News

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JK Tyres & Inds.

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JK Tyres & Inds. Research see more...

Overview Inc. Year: 1951Industry: Tyres & Allied

JK Tyres & Inds. Share Price

Alert Data

Quarterly Price

Peer Comparison

JK Tyres & Inds. Quarterly Results

JK Tyres & Inds. Profit & Loss

Growth Rates

JK Tyres & Inds. Balance Sheet

JK Tyres & Inds. Cash Flow

JK Tyres & Inds. Ratios

JK Tyres & Inds. Shareholding Pattern

JK Tyres & Inds. News

IPO

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