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 ₹ 10,277 Cr.
- Current Price ₹ 375
- High / Low ₹ 511 / 232
- Stock P/E 19.9
- Book Value ₹ 177
- Dividend Yield 1.20 %
- ROCE 12.8 %
- ROE 11.1 %
- Face Value ₹ 2.00
Pros
Cons
- The company has delivered a poor sales growth of 11.0% over past five years.
- Company has a low return on equity of 13.9% 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
7,583 | 7,315 | 6,898 | 7,689 | 8,272 | 10,368 | 8,723 | 9,102 | 11,983 | 14,645 | 15,002 | 14,693 | |
6,712 | 6,384 | 5,782 | 6,557 | 7,535 | 9,256 | 7,737 | 7,796 | 10,910 | 13,347 | 12,911 | 13,094 | |
Operating Profit | 871 | 931 | 1,117 | 1,132 | 737 | 1,112 | 986 | 1,306 | 1,073 | 1,298 | 2,091 | 1,599 |
OPM % | 11% | 13% | 16% | 15% | 9% | 11% | 11% | 14% | 9% | 9% | 14% | 11% |
-41 | -30 | 11 | 135 | 135 | -5 | -76 | 81 | 40 | -25 | 4 | 48 | |
Interest | 276 | 257 | 252 | 440 | 466 | 521 | 549 | 466 | 419 | 454 | 447 | 476 |
Depreciation | 179 | 158 | 216 | 291 | 299 | 316 | 378 | 387 | 385 | 407 | 437 | 456 |
Profit before tax | 374 | 486 | 660 | 535 | 107 | 270 | -17 | 534 | 309 | 411 | 1,211 | 713 |
Tax % | 32% | 33% | 31% | 29% | 41% | 35% | -989% | 38% | 35% | 36% | 33% | 28% |
263 | 330 | 467 | 381 | 63 | 171 | 141 | 331 | 201 | 263 | 806 | 509 | |
EPS in Rs | 12.81 | 14.53 | 20.60 | 16.55 | 2.91 | 7.16 | 6.12 | 12.97 | 8.53 | 10.66 | 30.16 | 18.07 |
Dividend Payout % | 8% | 10% | 12% | 15% | 52% | 21% | 11% | 15% | 18% | 19% | 15% | 17% |
Compounded Sales Growth | |
---|---|
10 Years: | 7% |
5 Years: | 11% |
3 Years: | 7% |
TTM: | -2% |
Compounded Profit Growth | |
---|---|
10 Years: | 4% |
5 Years: | 13% |
3 Years: | 37% |
TTM: | -36% |
Stock Price CAGR | |
---|---|
10 Years: | 15% |
5 Years: | 44% |
3 Years: | 54% |
1 Year: | -7% |
Return on Equity | |
---|---|
10 Years: | 13% |
5 Years: | 12% |
3 Years: | 14% |
Last Year: | 11% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 41 | 45 | 45 | 45 | 45 | 49 | 49 | 49 | 49 | 49 | 52 | 55 |
Reserves | 1,056 | 1,356 | 1,706 | 1,919 | 1,916 | 2,235 | 2,282 | 2,623 | 2,799 | 3,347 | 4,435 | 4,796 |
2,705 | 2,975 | 2,900 | 5,655 | 5,811 | 5,758 | 5,549 | 4,801 | 5,220 | 4,882 | 4,609 | 4,911 | |
2,241 | 2,528 | 2,401 | 2,776 | 2,762 | 3,227 | 3,333 | 3,467 | 4,092 | 4,061 | 4,915 | 4,757 | |
Total Liabilities | 6,043 | 6,904 | 7,052 | 10,395 | 10,535 | 11,269 | 11,213 | 10,940 | 12,161 | 12,339 | 14,012 | 14,519 |
2,690 | 2,701 | 3,747 | 5,794 | 6,142 | 6,228 | 6,382 | 6,242 | 6,429 | 6,467 | 6,829 | 6,753 | |
CWIP | 177 | 830 | 106 | 326 | 309 | 270 | 284 | 299 | 106 | 195 | 367 | 417 |
Investments | 115 | 140 | 160 | 73 | 128 | 131 | 140 | 147 | 133 | 144 | 138 | 123 |
3,060 | 3,232 | 3,039 | 4,202 | 3,956 | 4,640 | 4,407 | 4,252 | 5,493 | 5,533 | 6,677 | 7,226 | |
Total Assets | 6,043 | 6,904 | 7,052 | 10,395 | 10,535 | 11,269 | 11,213 | 10,940 | 12,161 | 12,339 | 14,012 | 14,519 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
655 | 734 | 903 | 106 | 637 | 797 | 1,237 | 1,598 | 346 | 1,224 | 1,614 | 716 | |
-224 | -806 | -511 | -807 | -394 | -261 | -319 | -134 | -244 | -398 | -1,203 | -455 | |
-335 | -1 | -422 | 830 | -409 | -522 | -963 | -1,441 | -96 | -747 | -413 | -237 | |
Net Cash Flow | 96 | -73 | -31 | 128 | -165 | 14 | -44 | 23 | 5 | 79 | -2 | 23 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 64 | 72 | 74 | 85 | 68 | 68 | 77 | 63 | 60 | 57 | 67 | 70 |
Inventory Days | 70 | 70 | 82 | 111 | 101 | 92 | 111 | 119 | 110 | 79 | 92 | 100 |
Days Payable | 79 | 84 | 90 | 102 | 81 | 87 | 115 | 105 | 99 | 66 | 87 | 75 |
Cash Conversion Cycle | 56 | 57 | 66 | 94 | 88 | 73 | 73 | 78 | 71 | 70 | 72 | 96 |
Working Capital Days | 40 | 35 | 46 | 81 | 45 | 54 | 73 | 64 | 68 | 58 | 59 | 81 |
ROCE % | 19% | 19% | 20% | 14% | 6% | 10% | 8% | 12% | 9% | 11% | 19% | 13% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
26 May - JK Tyre Q4 FY25 revenue Rs.3,780 Cr, EBITDA Rs.384 Cr; FY25 revenue Rs.14,772 Cr, EBITDA Rs.1,678 Cr; capex Rs.900 Cr planned FY26.
-
Compliances-Reg.24(A)-Annual Secretarial Compliance
26 May - Annual Secretarial Compliance Report for FY ended March 31, 2025 confirming regulatory compliance.
-
Reply In Respect Of Clarification Sought.
22 May - JK Tyre confirms no undisclosed price-sensitive info amid increased share volume.
-
Clarification sought from JK Tyre & Industries Ltd
22 May - Exchange has sought clarification from JK Tyre & Industries Ltd on May 22, 2025, with reference to Movement in Volume.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
21 May - Audio recording of JK Tyre Q4 FY25 results conference call available online.
Annual reports
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2012
from nse
-
Financial Year 2011
from bse
Concalls
-
May 2025Transcript PPT
-
Feb 2025Transcript PPT
-
Nov 2024Transcript PPT
-
Aug 2024Transcript PPT
-
May 2024Transcript PPT
-
Feb 2024TranscriptNotesPPT
-
Feb 2024TranscriptNotesPPT
-
Nov 2023Transcript PPT
-
Nov 2023TranscriptNotesPPT
-
Aug 2023Transcript PPT
-
May 2023TranscriptNotesPPT
-
Feb 2023TranscriptNotesPPT
-
Nov 2022TranscriptNotesPPT
-
Aug 2022TranscriptNotesPPT
-
May 2022TranscriptNotesPPT
-
Feb 2022Transcript PPT
-
Oct 2021Transcript PPT
-
Aug 2021Transcript PPT
-
May 2021Transcript PPT
-
Jan 2021TranscriptPPT
-
Oct 2020TranscriptPPT
-
Nov 2016TranscriptPPT
-
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