JK Tyre & Industries Ltd
JK Tyre & Industries is the flagship company of the JK group which is headed by Dr R P Singhania as its chairman and managing director. It is a one of the leading tyre manufacturers in India and amongst the top 25 manufacturers in the world with a wide range of products catering to diverse business segments that includes Truck/Bus, LCV (Light commercial vehicles), Passenger Cars, MUV (Multi utility vehicles) and Tractors. [1]
- Market Cap ₹ 11,638 Cr.
- Current Price ₹ 424
- High / Low ₹ 440 / 232
- Stock P/E 23.9
- Book Value ₹ 162
- Dividend Yield 0.71 %
- ROCE 12.1 %
- ROE 9.71 %
- Face Value ₹ 2.00
Pros
- Company has been maintaining a healthy dividend payout of 22.7%
Cons
- Stock is trading at 2.61 times its book value
- The company has delivered a poor sales growth of 10.8% over past five years.
- Company has a low return on equity of 11.9% over last 3 years.
- Promoter holding has decreased over last 3 years: -5.71%
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 5,888 | 6,061 | 5,826 | 5,979 | 6,453 | 7,610 | 6,093 | 6,135 | 8,032 | 9,618 | 10,313 | 10,176 | 10,750 | |
| 5,233 | 5,309 | 4,826 | 5,233 | 5,961 | 6,882 | 5,442 | 5,284 | 7,331 | 8,843 | 8,939 | 9,169 | 9,623 | |
| Operating Profit | 654 | 752 | 999 | 746 | 493 | 728 | 650 | 851 | 701 | 775 | 1,374 | 1,007 | 1,127 |
| OPM % | 11% | 12% | 17% | 12% | 8% | 10% | 11% | 14% | 9% | 8% | 13% | 10% | 10% |
| -58 | 5 | 10 | 165 | 21 | 81 | 20 | 57 | 34 | -5 | 2 | 57 | 58 | |
| Interest | 248 | 241 | 236 | 268 | 274 | 316 | 343 | 266 | 230 | 258 | 242 | 267 | 261 |
| Depreciation | 152 | 139 | 172 | 184 | 175 | 188 | 242 | 246 | 241 | 243 | 252 | 269 | 272 |
| Profit before tax | 195 | 377 | 601 | 460 | 64 | 305 | 85 | 396 | 264 | 270 | 882 | 529 | 653 |
| Tax % | 31% | 33% | 29% | 28% | 33% | 33% | -168% | 35% | 31% | 32% | 33% | 27% | |
| 135 | 253 | 424 | 332 | 43 | 204 | 229 | 256 | 183 | 184 | 591 | 385 | 481 | |
| EPS in Rs | 6.56 | 11.17 | 18.72 | 14.64 | 1.90 | 8.30 | 9.29 | 10.42 | 7.43 | 7.46 | 22.66 | 14.06 | 17.54 |
| Dividend Payout % | 15% | 13% | 13% | 17% | 79% | 18% | 8% | 19% | 20% | 27% | 20% | 21% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 11% |
| 3 Years: | 8% |
| TTM: | 6% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 11% |
| 3 Years: | 30% |
| TTM: | -15% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 45% |
| 3 Years: | 35% |
| 1 Year: | 11% |
| Return on Equity | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 11% |
| 3 Years: | 12% |
| Last Year: | 10% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 41 | 45 | 45 | 45 | 45 | 49 | 49 | 49 | 49 | 49 | 52 | 55 | 55 |
| Reserves | 807 | 1,046 | 1,374 | 1,629 | 1,599 | 1,946 | 2,113 | 2,349 | 2,477 | 2,840 | 3,844 | 4,138 | 4,392 |
| 2,371 | 2,606 | 2,565 | 3,375 | 3,498 | 3,320 | 3,209 | 2,471 | 2,917 | 2,635 | 2,478 | 2,748 | 2,627 | |
| 1,900 | 2,186 | 2,086 | 2,011 | 2,036 | 2,091 | 2,117 | 2,386 | 2,701 | 2,482 | 3,179 | 3,037 | 3,024 | |
| Total Liabilities | 5,120 | 5,884 | 6,070 | 7,060 | 7,178 | 7,405 | 7,488 | 7,256 | 8,145 | 8,006 | 9,553 | 9,978 | 10,098 |
| 2,274 | 2,354 | 3,321 | 3,300 | 3,578 | 3,330 | 3,499 | 3,337 | 3,349 | 3,375 | 3,578 | 3,663 | 3,659 | |
| CWIP | 143 | 697 | 89 | 136 | 83 | 74 | 61 | 69 | 79 | 105 | 318 | 275 | 517 |
| Investments | 102 | 93 | 97 | 490 | 545 | 597 | 724 | 733 | 791 | 798 | 794 | 795 | 786 |
| 2,601 | 2,740 | 2,563 | 3,134 | 2,972 | 3,405 | 3,205 | 3,117 | 3,926 | 3,729 | 4,862 | 5,245 | 5,136 | |
| Total Assets | 5,120 | 5,884 | 6,070 | 7,060 | 7,178 | 7,405 | 7,488 | 7,256 | 8,145 | 8,006 | 9,553 | 9,978 | 10,098 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 563 | 587 | 815 | 164 | 495 | 262 | 783 | 1,253 | 73 | 677 | 1,098 | 403 | |
| -218 | -673 | -474 | -663 | -255 | 130 | -251 | -20 | -203 | -268 | -1,009 | -301 | |
| -261 | -18 | -358 | 500 | -236 | -376 | -587 | -1,213 | 141 | -412 | -74 | -115 | |
| Net Cash Flow | 83 | -105 | -17 | 1 | 4 | 16 | -55 | 20 | 12 | -3 | 14 | -13 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 74 | 76 | 76 | 90 | 73 | 78 | 86 | 81 | 76 | 67 | 77 | 81 |
| Inventory Days | 69 | 69 | 80 | 92 | 86 | 80 | 103 | 115 | 101 | 70 | 78 | 82 |
| Days Payable | 82 | 83 | 90 | 90 | 81 | 69 | 89 | 115 | 91 | 56 | 75 | 63 |
| Cash Conversion Cycle | 61 | 61 | 66 | 92 | 78 | 89 | 100 | 81 | 86 | 81 | 80 | 101 |
| Working Capital Days | -19 | -21 | -8 | -8 | -37 | 2 | 98 | 9 | 0 | 12 | 22 | 33 |
| ROCE % | 16% | 18% | 22% | 13% | 7% | 11% | 8% | 12% | 10% | 10% | 19% | 12% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
1h - JK Tyre Q2 FY2025-26 results conference call (29 Oct 2025); audio recording available online.
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
2h - India Ratings monitoring report (29 Oct 2025): QIP INR500Cr, no deviations; utilization detailed, quarter ended 30 Sep 2025.
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Reply In Respect Of Clarification Sought.
5h - JK Tyre replies to BSE (29 Oct 2025), no undisclosed price-sensitive information.
-
Clarification sought from JK Tyre & Industries Ltd
6h - Exchange has sought clarification from JK Tyre & Industries Ltd on October 29, 2025, with reference to Movement in Volume.
- Announcement under Regulation 30 (LODR)-Investor Presentation 1d
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
from bse
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Financial Year 2018
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2012
from nse
Concalls
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Oct 2025TranscriptNotesPPT
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Aug 2025Transcript PPT
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May 2025Transcript PPT
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Feb 2025Transcript PPT
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT
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May 2024Transcript PPT
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Feb 2024TranscriptNotesPPT
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Feb 2024TranscriptNotesPPT
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Nov 2023Transcript PPT
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Nov 2023TranscriptNotesPPT
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Aug 2023Transcript PPT
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May 2023TranscriptNotesPPT
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Feb 2023TranscriptNotesPPT
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Nov 2022TranscriptNotesPPT
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Aug 2022TranscriptNotesPPT
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May 2022TranscriptNotesPPT
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Feb 2022Transcript PPT
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Oct 2021Transcript PPT
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Aug 2021Transcript PPT
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May 2021Transcript PPT
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Jan 2021TranscriptPPT
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Oct 2020TranscriptPPT
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Nov 2016TranscriptPPT
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May 2016TranscriptPPT
Leadership[1]
- Pioneer of radial technology in India and No. 1 Truck/Bus Radial (TBR) manufacturer.
- 1st company in India with OE fitment of tubeless passenger radials.
- 1st in India to launch high-performance H, V and Z-rated passenger radial tyres.
- First in India to launch Tyre Pressure Monitoring System (TPMS) based on sensor
technology.
- 19th Ranked top tyre company Globally