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 ₹ 4,558 Cr.
- Current Price ₹ 185
- High / Low ₹ 214 / 95.4
- Stock P/E 21.8
- Book Value ₹ 117
- Dividend Yield 0.80 %
- ROCE 10.3 %
- ROE 7.70 %
- Face Value ₹ 2.00
Pros
Cons
- Company has a low return on equity of 8.47% over last 3 years.
- Dividend payout has been low at 13.1% of profits over 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
5,445 | 5,372 | 5,888 | 6,061 | 5,826 | 5,979 | 6,453 | 7,610 | 6,093 | 6,135 | 8,032 | 9,618 | |
5,242 | 4,885 | 5,233 | 5,309 | 4,826 | 5,233 | 5,961 | 6,882 | 5,442 | 5,284 | 7,331 | 8,843 | |
Operating Profit | 203 | 487 | 654 | 752 | 999 | 746 | 493 | 728 | 650 | 851 | 701 | 775 |
OPM % | 4% | 9% | 11% | 12% | 17% | 12% | 8% | 10% | 11% | 14% | 9% | 8% |
82 | -18 | -58 | 5 | 10 | 165 | 21 | 81 | 20 | 57 | 34 | -5 | |
Interest | 170 | 207 | 248 | 241 | 236 | 268 | 274 | 316 | 343 | 266 | 230 | 258 |
Depreciation | 101 | 113 | 152 | 139 | 172 | 184 | 175 | 188 | 242 | 246 | 241 | 243 |
Profit before tax | 13 | 150 | 195 | 377 | 601 | 460 | 64 | 305 | 85 | 396 | 264 | 270 |
Tax % | 14% | 30% | 31% | 33% | 29% | 28% | 33% | 33% | -168% | 35% | 31% | 32% |
Net Profit | 11 | 106 | 135 | 253 | 424 | 332 | 43 | 204 | 229 | 256 | 183 | 184 |
EPS in Rs | 0.54 | 5.14 | 6.56 | 11.17 | 18.72 | 14.64 | 1.90 | 8.30 | 9.29 | 10.42 | 7.43 | 7.46 |
Dividend Payout % | 93% | 14% | 15% | 13% | 13% | 17% | 79% | 18% | 8% | 19% | 20% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 6% |
5 Years: | 8% |
3 Years: | 16% |
TTM: | 20% |
Compounded Profit Growth | |
---|---|
10 Years: | 6% |
5 Years: | 34% |
3 Years: | -4% |
TTM: | 15% |
Stock Price CAGR | |
---|---|
10 Years: | 23% |
5 Years: | 9% |
3 Years: | 48% |
1 Year: | 66% |
Return on Equity | |
---|---|
10 Years: | 13% |
5 Years: | 9% |
3 Years: | 8% |
Last Year: | 8% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
41 | 41 | 41 | 45 | 45 | 45 | 45 | 49 | 49 | 49 | 49 | 49 | |
Reserves | 630 | 701 | 795 | 1,046 | 1,374 | 1,629 | 1,599 | 1,946 | 2,113 | 2,349 | 2,477 | 2,840 |
1,777 | 2,356 | 2,371 | 2,606 | 2,565 | 3,375 | 3,498 | 3,320 | 3,209 | 2,471 | 2,917 | 2,635 | |
1,880 | 1,635 | 1,913 | 2,186 | 2,086 | 2,011 | 2,036 | 2,091 | 2,117 | 2,386 | 2,701 | 2,482 | |
Total Liabilities | 4,328 | 4,733 | 5,120 | 5,884 | 6,070 | 7,060 | 7,178 | 7,405 | 7,488 | 7,256 | 8,145 | 8,006 |
1,443 | 2,280 | 2,274 | 2,354 | 3,321 | 3,300 | 3,578 | 3,330 | 3,499 | 3,337 | 3,349 | 3,379 | |
CWIP | 749 | 55 | 143 | 697 | 89 | 136 | 83 | 74 | 61 | 69 | 79 | 100 |
Investments | 101 | 98 | 102 | 93 | 97 | 490 | 545 | 597 | 724 | 733 | 791 | 798 |
2,035 | 2,301 | 2,601 | 2,740 | 2,563 | 3,134 | 2,972 | 3,405 | 3,205 | 3,117 | 3,926 | 3,729 | |
Total Assets | 4,328 | 4,733 | 5,120 | 5,884 | 6,070 | 7,060 | 7,178 | 7,405 | 7,488 | 7,256 | 8,145 | 8,006 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
347 | -101 | 563 | 587 | 815 | 164 | 495 | 262 | 783 | 1,253 | 73 | 677 | |
-600 | -179 | -218 | -673 | -474 | -663 | -255 | 130 | -251 | -20 | -203 | -268 | |
246 | 297 | -261 | -18 | -358 | 500 | -236 | -376 | -587 | -1,213 | 141 | -412 | |
Net Cash Flow | -7 | 16 | 83 | -105 | -17 | 1 | 4 | 16 | -55 | 20 | 12 | -3 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 58 | 62 | 74 | 76 | 76 | 90 | 73 | 78 | 86 | 81 | 76 | 67 |
Inventory Days | 57 | 77 | 69 | 69 | 80 | 92 | 86 | 80 | 103 | 115 | 101 | 70 |
Days Payable | 88 | 71 | 82 | 83 | 90 | 90 | 81 | 69 | 89 | 115 | 91 | 56 |
Cash Conversion Cycle | 27 | 68 | 61 | 61 | 66 | 92 | 78 | 89 | 100 | 81 | 86 | 81 |
Working Capital Days | 28 | 54 | 46 | 37 | 47 | 84 | 49 | 71 | 85 | 80 | 86 | 79 |
ROCE % | 8% | 14% | 16% | 18% | 22% | 13% | 7% | 11% | 8% | 12% | 10% | 10% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 2d
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
26 May - Transcript of Results Conference call held on 19th May 2023.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
23 May - Secretarial Compliance Report for the Financial Year ended 31st March 2023.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
19 May - Audio Recording of Results Conference Call held on 19th May 2023.
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Announcement under Regulation 30 (LODR)-Investor Presentation
18 May - Earnings Presentation- Q4 FY 2023 & FY 2023.
Annual reports
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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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
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Financial Year 2011
from bse
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Financial Year 2011
from nse
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Financial Year 2010
from bse
Concalls
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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
Market Position
JKTI is a market leader in the truck/bus radial manufacturing segment with an estimated truck radial market share of around 28% in FY22 and is gaining market share in the T&B and PCR segment. [1]