JK Tyre & Industries Ltd

JK Tyre & Indust Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

JK Tyre & Industries Ltd

₹ 353 -0.45%
05 Dec 4:01 p.m.
jktyre.com BSE: 530007 NSE : JKTYRE
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

Product Portfolio & Marquee clients
The product portfolio of the company includes tyres for passenger cars, tractors, trucks & buses, OTR, 2 wheelers, with some key clients like Maruti Suzuki, Mahindra, TATA Motors, Sany, Bajaj, Hero and a few more. [1]

Website BSE NSE
  • Market Cap ₹ 8,707 Cr.
  • Current Price ₹ 353
  • High / Low ₹ 366 / 142
  • Stock P/E 15.2
  • Book Value ₹ 153
  • Dividend Yield 0.56 %
  • ROCE 11.1 %
  • ROE 9.49 %
  • Face Value ₹ 2.00
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Pros

  • Company has been maintaining a healthy dividend payout of 17.3%

Cons

  • Company has a low return on equity of 9.45% 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.

Peer comparison

Sector: Tyres Industry: Tyres

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
2,275 2,769 2,927 2,608 2,987 3,076 3,312 3,643 3,757 3,613 3,632 3,718 3,898
1,920 2,269 2,473 2,329 2,694 2,803 3,084 3,358 3,459 3,274 3,256 3,261 3,308
Operating Profit 355 500 455 280 292 273 228 285 297 339 376 457 589
OPM % 16% 18% 16% 11% 10% 9% 7% 8% 8% 9% 10% 12% 15%
32 47 27 -1 13 15 13 -28 -15 -4 23 13 5
Interest 123 107 105 108 106 104 101 99 109 121 125 122 109
Depreciation 97 98 96 96 97 96 96 101 99 102 106 106 108
Profit before tax 167 343 281 75 102 88 44 57 74 113 168 242 377
Tax % 35% 33% 30% 41% 37% 39% 13% 41% 34% 38% 33% 34% 34%
110 230 195 44 65 54 38 35 50 67 112 159 249
EPS in Rs 4.26 9.10 7.68 1.88 2.70 2.31 1.63 1.51 2.08 2.66 4.40 6.25 9.83
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
6,745 6,924 7,583 7,315 6,898 7,689 8,272 10,368 8,723 9,102 11,983 14,645 14,861
6,416 6,306 6,712 6,384 5,782 6,557 7,535 9,256 7,737 7,796 10,910 13,347 13,099
Operating Profit 329 618 871 931 1,117 1,132 737 1,112 986 1,306 1,073 1,298 1,762
OPM % 5% 9% 11% 13% 16% 15% 9% 11% 11% 14% 9% 9% 12%
-43 12 -41 -30 11 135 135 -5 -76 81 40 -25 36
Interest 188 233 276 257 252 440 466 521 549 466 419 454 477
Depreciation 121 133 179 158 216 291 299 316 378 387 385 407 421
Profit before tax -23 264 374 486 660 535 107 270 -17 534 309 411 899
Tax % -66% 26% 32% 33% 31% 29% 41% 35% 989% 38% 35% 36%
-32 203 263 330 467 381 63 171 141 331 201 263 586
EPS in Rs -1.56 9.90 12.81 14.53 20.60 16.55 2.91 7.16 6.12 12.97 8.53 10.66 23.14
Dividend Payout % -32% 7% 8% 10% 12% 15% 52% 21% 11% 15% 18% 19%
Compounded Sales Growth
10 Years: 8%
5 Years: 12%
3 Years: 19%
TTM: 8%
Compounded Profit Growth
10 Years: 4%
5 Years: 63%
3 Years: 2%
TTM: 188%
Stock Price CAGR
10 Years: 27%
5 Years: 31%
3 Years: 64%
1 Year: 74%
Return on Equity
10 Years: 13%
5 Years: 10%
3 Years: 9%
Last Year: 9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 41 41 41 45 45 45 45 49 49 49 49 49 49
Reserves 714 865 1,044 1,356 1,706 1,919 1,916 2,235 2,282 2,623 2,799 3,347 3,715
2,141 2,703 2,705 2,975 2,900 5,655 5,811 5,758 5,549 4,801 5,220 4,882 4,442
2,245 1,953 2,253 2,528 2,401 2,776 2,762 3,227 3,333 3,467 4,092 4,061 4,681
Total Liabilities 5,140 5,563 6,043 6,904 7,052 10,395 10,535 11,269 11,213 10,940 12,161 12,339 12,887
1,870 2,714 2,690 2,701 3,747 5,794 6,142 6,228 6,382 6,242 6,429 6,467 6,450
CWIP 765 76 177 830 106 326 309 270 284 299 106 195 447
Investments 101 104 115 140 160 73 128 131 140 147 133 144 137
2,405 2,668 3,060 3,232 3,039 4,202 3,956 4,640 4,407 4,252 5,493 5,533 5,854
Total Assets 5,140 5,563 6,043 6,904 7,052 10,395 10,535 11,269 11,213 10,940 12,161 12,339 12,887

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
362 -15 655 734 903 106 637 797 1,237 1,598 346 1,224
-612 -201 -224 -806 -511 -807 -394 -261 -319 -134 -244 -398
240 252 -335 -1 -422 830 -409 -522 -963 -1,441 -96 -747
Net Cash Flow -10 35 96 -73 -31 128 -165 14 -44 23 5 79

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 55 55 64 72 74 85 68 68 77 63 60 57
Inventory Days 55 71 70 70 82 111 101 92 111 119 110 79
Days Payable 91 68 79 84 90 102 81 87 115 105 99 66
Cash Conversion Cycle 19 58 56 57 66 94 88 73 73 78 71 70
Working Capital Days 23 44 40 35 46 81 45 54 55 64 68 58
ROCE % 8% 15% 19% 19% 20% 14% 6% 10% 8% 12% 9% 11%

Shareholding Pattern

Numbers in percentages

6 Recently
Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
56.23% 56.23% 56.23% 55.93% 55.93% 56.26% 56.26% 56.26% 56.26% 56.26% 56.26% 56.26%
2.99% 3.32% 6.28% 7.76% 8.13% 8.16% 7.35% 7.24% 7.46% 6.73% 8.69% 10.29%
2.57% 1.44% 1.36% 1.31% 1.27% 1.24% 1.23% 1.23% 1.29% 1.22% 1.22% 1.27%
0.58% 0.58% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
37.63% 38.43% 36.13% 35.00% 34.68% 34.35% 35.16% 35.29% 34.99% 35.79% 33.83% 32.19%
No. of Shareholders 1,59,0551,85,8661,85,6791,84,5351,97,5562,15,7262,18,5531,92,7751,85,8511,91,6541,87,3561,88,399

* 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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