JK Tyre & Industries Ltd

AI

JK Tyre & Industries Ltd

₹ 375 0.35%
21 Aug - close price
About

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]

Key Points

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

  • Market Cap 10,802 Cr.
  • Current Price 375
  • High / Low 612 / 318
  • Stock P/E 14.8
  • Book Value 183
  • Dividend Yield 1.07 %
  • ROCE 16.6 %
  • ROE 17.6 %
  • Face Value 2.00

Pros

  • Company has delivered good profit growth of 29.2% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 17.3%

Cons

  • Promoter holding has decreased over last 3 years: -4.54%

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
2,456 2,678 2,564 2,616 2,492 2,515 3,264 2,674 3,453 3,516 3,741 3,903 3,924
2,180 2,288 2,201 2,283 2,187 2,261 2,990 2,410 3,059 3,038 3,216 3,392 3,640
Operating Profit 276 389 363 333 306 253 274 263 394 478 525 511 284
OPM % 11% 15% 14% 13% 12% 10% 8% 10% 11% 14% 14% 13% 7%
7 5 7 -4 13 16 12 12 14 4 -91 -40 14
Interest 69 57 56 59 61 66 111 69 105 97 95 93 91
Depreciation 62 62 63 65 65 67 99 70 98 100 102 105 109
Profit before tax 152 275 250 204 194 136 76 136 206 285 237 273 98
Tax % 34% 35% 34% 28% 26% 27% 27% 29% 25% 26% 25% 26% 26%
100 180 164 146 143 99 55 97 154 212 178 204 73
EPS in Rs 4.07 7.31 6.30 5.61 5.49 3.62 2.01 3.52 5.62 7.73 6.18 7.06 2.52
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
6,061 5,826 5,979 6,453 7,610 6,093 6,135 8,032 9,618 10,313 13,019 14,613 15,083
5,309 4,826 5,233 5,961 6,882 5,442 5,284 7,331 8,843 8,939 11,579 12,704 13,285
Operating Profit 752 999 746 493 728 650 851 701 775 1,374 1,439 1,908 1,798
OPM % 12% 17% 12% 8% 10% 11% 14% 9% 8% 13% 11% 13% 12%
5 10 165 21 81 20 57 34 -5 2 60 -112 -113
Interest 241 236 268 274 316 343 266 230 258 242 431 388 375
Depreciation 139 172 184 175 188 242 246 241 243 252 394 406 417
Profit before tax 377 601 460 64 305 85 396 264 270 882 675 1,002 893
Tax % 33% 29% 28% 33% 33% -168% 35% 31% 32% 33% 27% 25%
253 424 332 43 204 229 256 183 184 591 494 748 666
EPS in Rs 11.17 18.72 14.64 1.90 8.30 9.29 10.42 7.43 7.46 22.66 18.02 25.94 23.49
Dividend Payout % 13% 13% 17% 79% 18% 8% 19% 20% 27% 20% 17% 15%
Compounded Sales Growth
10 Years: 10%
5 Years: 19%
3 Years: 15%
TTM: 27%
Compounded Profit Growth
10 Years: 7%
5 Years: 29%
3 Years: 62%
TTM: 74%
Stock Price CAGR
10 Years: 12%
5 Years: 22%
3 Years: 12%
1 Year: 15%
Return on Equity
10 Years: 12%
5 Years: 13%
3 Years: 16%
Last Year: 18%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 45 45 45 45 49 49 49 49 49 52 55 58
Reserves 1,046 1,374 1,629 1,599 1,946 2,113 2,349 2,477 2,840 3,844 4,561 5,225
2,606 2,565 3,375 3,498 3,320 3,209 2,471 2,917 2,635 2,478 4,539 4,366
2,186 2,086 2,011 2,036 2,091 2,117 2,386 2,701 2,482 3,179 3,892 4,284
Total Liabilities 5,884 6,070 7,060 7,178 7,405 7,488 7,256 8,145 8,006 9,553 13,047 13,932
2,354 3,321 3,300 3,578 3,330 3,499 3,337 3,349 3,375 3,578 6,233 6,607
CWIP 697 89 136 83 74 61 69 79 105 318 365 886
Investments 93 97 490 545 597 724 733 791 798 794 162 153
2,740 2,563 3,134 2,972 3,405 3,205 3,117 3,926 3,729 4,862 6,286 6,286
Total Assets 5,884 6,070 7,060 7,178 7,405 7,488 7,256 8,145 8,006 9,553 13,047 13,932

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
587 815 164 495 262 783 1,253 73 677 1,098 696 1,498
-673 -474 -663 -255 130 -251 -20 -203 -268 -1,009 -395 -739
-18 -358 500 -236 -376 -587 -1,213 141 -412 -74 -312 -795
Net Cash Flow -105 -17 1 4 16 -55 20 12 -3 14 -11 -35
Free Cash Flow -89 308 -75 221 432 641 1,209 -98 408 560 168 233
CFO/OP 90% 94% 34% 106% 45% 123% 155% 19% 93% 93% 57% 82%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 76 76 90 73 78 86 81 76 67 77 79 78
Inventory Days 69 80 92 86 80 103 115 101 70 78 92 88
Days Payable 83 90 90 81 69 89 115 91 56 75 65 70
Cash Conversion Cycle 61 66 92 78 89 100 81 86 81 80 106 96
Working Capital Days -21 -8 -8 -37 2 98 9 0 12 22 15 37
ROCE % 18% 22% 13% 7% 11% 8% 12% 10% 10% 19% 14% 17%

Insights

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Mar 2018 Mar 2019 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
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Dealers Network (India)
count
Installed Capacity
Mn tyres p.a.
Number of SKUs
count
Capacity Utilization
%
Passenger Car Radial Revenue Mix
%
Truck and Bus Revenue Mix
%
Replacement Market Revenue Share
%
R&D Expenditure (Percentage of Turnover)
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
56.26% 53.13% 53.13% 53.13% 50.56% 50.56% 50.55% 50.55% 50.55% 51.72% 51.72% 51.72%
10.29% 12.21% 15.29% 14.15% 16.45% 16.03% 15.94% 16.11% 16.09% 16.92% 18.59% 15.75%
1.27% 5.79% 5.18% 4.99% 5.85% 6.33% 6.14% 6.41% 7.20% 7.50% 7.45% 7.26%
32.19% 28.87% 26.40% 27.73% 27.16% 27.05% 27.35% 26.91% 26.14% 23.85% 22.23% 25.27%
No. of Shareholders 1,88,3992,03,0292,26,1432,86,1253,36,3293,51,1803,58,4753,42,9383,32,0442,88,4562,84,1073,05,903

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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