JK Tyre & Industries Ltd

AI

JK Tyre & Industries Ltd

₹ 309 -4.29%
23 Oct - 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 ₹ 8,912 Cr.
  • Current Price ₹ 309
  • High / Low ₹ 612 / 304
  • Stock P/E 15.9
  • Book Value ₹ 210
  • Dividend Yield 1.29 %
  • ROCE 15.5 %
  • ROE 16.0 %
  • Face Value ₹ 2.00

Pros

  • Company has delivered good profit growth of 24.4% CAGR over last 5 years

Cons

  • Company might be capitalizing the interest cost
  • 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

Consolidated Figures in Rs. Crores / View Standalone

Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
3,898 3,688 3,698 3,639 3,622 3,674 3,759 3,869 4,011 4,223 4,223 3,946 4,841
3,308 3,138 3,217 3,139 3,200 3,359 3,396 3,467 3,490 3,652 3,686 3,688 4,507
Operating Profit 589 550 481 500 421 314 363 402 521 571 537 258 334
OPM % 15% 15% 13% 14% 12% 9% 10% 10% 13% 14% 13% 7% 7%
5 8 -9 15 11 3 19 34 7 -92 -37 20 -3
Interest 109 107 109 112 120 123 121 115 108 106 101 99 109
Depreciation 108 111 112 113 113 114 117 114 116 119 123 126 128
Profit before tax 377 341 252 290 199 80 144 208 304 254 277 54 94
Tax % 34% 33% 31% 27% 27% 29% 29% 26% 27% 18% 32% 21% 36%
249 227 172 218 140 53 99 163 227 208 178 44 65
EPS in Rs 9.83 8.47 6.49 8.11 4.93 1.92 3.54 5.97 8.28 7.21 6.17 1.53 2.26
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
7,315 6,898 7,689 8,272 10,368 8,723 9,102 11,983 14,645 15,002 14,693 16,327 17,233
6,384 5,782 6,557 7,535 9,256 7,737 7,796 10,910 13,347 12,911 13,094 14,295 15,533
Operating Profit 931 1,117 1,132 737 1,112 986 1,306 1,073 1,298 2,091 1,599 2,031 1,700
OPM % 13% 16% 15% 9% 11% 11% 14% 9% 9% 14% 11% 12% 10%
-30 11 135 135 -5 -76 81 40 -25 4 48 -88 -112
Interest 257 252 440 466 521 549 466 419 454 447 476 428 414
Depreciation 158 216 291 299 316 378 387 385 407 437 456 472 496
Profit before tax 486 660 535 107 270 -17 534 309 411 1,211 713 1,043 678
Tax % 33% 31% 29% 41% 35% -989% 38% 35% 36% 33% 28% 26%
330 467 381 63 171 141 331 201 263 806 509 776 495
EPS in Rs 14.53 20.60 16.55 2.91 7.16 6.12 12.97 8.53 10.66 30.16 18.59 26.92 17.17
Dividend Payout % 10% 12% 15% 52% 21% 11% 15% 18% 19% 15% 16% 15%
Compounded Sales Growth
10 Years: 9%
5 Years: 12%
3 Years: 4%
TTM: 13%
Compounded Profit Growth
10 Years: 6%
5 Years: 24%
3 Years: 44%
TTM: 2%
Stock Price CAGR
10 Years: 8%
5 Years: 15%
3 Years: 2%
1 Year: -25%
Return on Equity
10 Years: 13%
5 Years: 14%
3 Years: 16%
Last Year: 16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 Sep 2026
Equity Capital 45 45 45 45 49 49 49 49 49 52 55 58 58
Reserves 1,356 1,706 1,919 1,916 2,235 2,282 2,623 2,799 3,347 4,435 4,929 6,003 6,009
2,975 2,900 5,655 5,811 5,758 5,549 4,801 5,220 4,882 4,609 4,911 4,882 6,125
2,528 2,401 2,776 2,762 3,227 3,333 3,467 4,092 4,061 4,915 4,539 4,971 5,569
Total Liabilities 6,904 7,052 10,395 10,535 11,269 11,213 10,940 12,161 12,339 14,012 14,435 15,914 17,760
2,701 3,747 5,794 6,142 6,228 6,382 6,242 6,429 6,467 6,829 6,752 7,183 7,752
CWIP 830 106 326 309 270 284 299 106 195 367 418 1,100 980
Investments 140 160 73 128 131 140 147 133 144 138 123 121 119
3,232 3,039 4,202 3,956 4,640 4,407 4,252 5,493 5,533 6,677 7,142 7,510 8,909
Total Assets 6,904 7,052 10,395 10,535 11,269 11,213 10,940 12,161 12,339 14,012 14,435 15,914 17,760

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
734 903 106 637 797 1,237 1,598 346 1,224 1,614 716 1,444
-806 -511 -807 -394 -261 -319 -134 -244 -398 -1,203 -463 -611
-1 -422 830 -409 -522 -963 -1,441 -96 -747 -413 -237 -783
Net Cash Flow -73 -31 128 -165 14 -44 23 5 79 -2 15 50
Free Cash Flow -65 357 -175 219 539 964 1,439 54 826 870 128 38
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit 93% 95% 21% 94% 79% 129% 129% 39% 105% 88% 61% 81%

Ratios

Consolidated / View Standalone

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 72 74 85 68 68 77 63 60 57 67 70 72
Inventory Days 70 82 111 101 92 111 119 110 79 92 100 96
Days Payable 84 90 102 81 87 115 105 99 66 87 75 78
Cash Conversion Cycle 57 66 94 88 73 73 78 71 70 72 96 90
Working Capital Days -25 -13 -5 -37 -13 73 -10 -13 -3 2 11 35
ROCE % 19% 20% 14% 6% 10% 8% 12% 9% 11% 19% 13% 16%

Insights

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Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Dealers Network (India)
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Installed Capacity
Mn tyres p.a.
Brand Shops
count
Number of SKUs
count
Passenger Car Radial Revenue Mix
%
Truck and Bus Revenue Mix
%
Capacity Utilization
%
Replacement Market Revenue Share
%
R&D Expenditure (Percentage of Turnover)
% ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
53.13% 53.13% 53.13% 50.56% 50.56% 50.55% 50.55% 50.55% 51.72% 51.72% 51.72% 51.72%
12.21% 15.29% 14.15% 16.45% 16.03% 15.94% 16.11% 16.09% 16.92% 18.59% 15.75% 14.63%
5.79% 5.18% 4.99% 5.85% 6.33% 6.14% 6.41% 7.20% 7.50% 7.45% 7.26% 8.33%
28.87% 26.40% 27.73% 27.16% 27.05% 27.35% 26.91% 26.14% 23.85% 22.23% 25.27% 25.34%
No. of Shareholders 2,03,0292,26,1432,86,1253,36,3293,51,1803,58,4753,42,9383,32,0442,88,4562,84,1073,05,9033,07,229

* 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.

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