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

₹ 150 4.05%
22 Mar - close price
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

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]

Website BSE NSE
  • Market Cap ₹ 3,697 Cr.
  • Current Price ₹ 150
  • High / Low ₹ 214 / 95.4
  • Stock P/E 16.7
  • Book Value ₹ 119
  • Dividend Yield 1.00 %
  • ROCE 9.32 %
  • ROE 7.23 %
  • Face Value ₹ 2.00
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Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 9.28% over past five years.
  • Company has a low return on equity of 10.3% over last 3 years.
  • Dividend payout has been low at 14.8% 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.

Peer comparison

Sector: Tyres Industry: Tyres

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
2,200 1,795 1,131 2,275 2,769 2,927 2,608 2,987 3,076 3,312 3,643 3,757 3,613
1,956 1,587 1,135 1,920 2,269 2,473 2,329 2,694 2,803 3,084 3,358 3,459 3,274
Operating Profit 244 207 -4 355 500 455 280 292 273 228 285 297 339
OPM % 11% 12% -0% 16% 18% 16% 11% 10% 9% 7% 8% 8% 9%
8 -53 -26 32 47 27 -1 13 15 13 -28 -15 -4
Interest 136 135 131 123 107 105 108 106 104 101 99 109 121
Depreciation 93 102 97 97 98 96 96 97 96 96 101 99 102
Profit before tax 23 -82 -257 167 343 281 75 102 88 44 57 74 113
Tax % 50% 43% 21% 35% 33% 30% 41% 37% 39% 13% 41% 34% 38%
Net Profit 10 -53 -204 110 230 195 44 65 54 38 35 50 67
EPS in Rs 0.44 -1.92 -8.08 4.26 9.10 7.68 1.88 2.70 2.31 1.63 1.51 2.08 2.66
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
5,818 6,745 6,924 7,583 7,315 6,898 7,689 8,272 10,368 8,723 9,102 11,983 14,324
5,493 6,416 6,306 6,712 6,384 5,782 6,557 7,535 9,256 7,737 7,796 10,910 13,175
Operating Profit 325 329 618 871 931 1,117 1,132 737 1,112 986 1,306 1,073 1,150
OPM % 6% 5% 9% 11% 13% 16% 15% 9% 11% 11% 14% 9% 8%
13 -43 12 -41 -30 11 135 135 -5 -76 81 40 -34
Interest 117 188 233 276 257 252 440 466 521 549 466 419 430
Depreciation 109 121 133 179 158 216 291 299 316 378 387 385 398
Profit before tax 112 -23 264 374 486 660 535 107 270 -17 534 309 288
Tax % 44% -66% 26% 32% 33% 31% 29% 41% 35% 989% 38% 35%
Net Profit 66 -32 203 263 330 467 381 63 171 141 331 201 190
EPS in Rs 3.21 -1.56 9.90 12.81 14.53 20.60 16.55 2.91 7.16 6.12 12.97 8.53 7.88
Dividend Payout % 19% -32% 7% 8% 10% 12% 15% 52% 21% 11% 15% 18%
Compounded Sales Growth
10 Years: 6%
5 Years: 9%
3 Years: 5%
TTM: 24%
Compounded Profit Growth
10 Years: 54%
5 Years: -9%
3 Years: 1%
TTM: -36%
Stock Price CAGR
10 Years: 23%
5 Years: 1%
3 Years: 63%
1 Year: 40%
Return on Equity
10 Years: 15%
5 Years: 9%
3 Years: 10%
Last Year: 7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
41 41 41 41 45 45 45 45 49 49 49 49 49
Reserves 817 714 865 1,044 1,356 1,706 1,919 1,916 2,235 2,282 2,623 2,799 2,874
1,611 2,141 2,703 2,705 2,975 2,900 5,655 5,811 5,758 5,549 4,801 5,220 5,420
1,831 2,245 1,953 2,253 2,528 2,401 2,776 2,762 3,227 3,333 3,467 4,092 4,345
Total Liabilities 4,300 5,140 5,563 6,043 6,904 7,052 10,395 10,535 11,269 11,213 10,940 12,161 12,689
1,855 1,870 2,714 2,690 2,701 3,747 5,794 6,142 6,228 6,382 6,242 6,429 6,409
CWIP 200 765 76 177 830 106 326 309 270 284 299 106 150
Investments 87 101 104 115 140 160 73 128 131 140 147 133 143
2,157 2,405 2,668 3,060 3,232 3,039 4,202 3,956 4,640 4,407 4,252 5,493 5,988
Total Assets 4,300 5,140 5,563 6,043 6,904 7,052 10,395 10,535 11,269 11,213 10,940 12,161 12,689

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
8 362 -15 655 734 903 106 637 797 1,237 1,598 346
-291 -612 -201 -224 -806 -511 -807 -394 -261 -319 -134 -244
307 240 252 -335 -1 -422 830 -409 -522 -963 -1,441 -96
Net Cash Flow 23 -10 35 96 -73 -31 128 -165 14 -44 23 5

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 52 55 55 64 72 74 85 68 68 77 63 60
Inventory Days 70 55 71 70 70 82 111 101 92 111 119 110
Days Payable 83 91 68 79 84 90 102 81 87 115 105 99
Cash Conversion Cycle 39 19 58 56 57 66 94 88 73 73 78 71
Working Capital Days 32 23 44 40 35 46 81 45 54 55 64 68
ROCE % 10% 8% 15% 19% 19% 20% 14% 6% 11% 8% 13% 9%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
56.23 56.23 56.23 56.23 56.23 56.23 55.93 55.93 56.26 56.26 56.26 56.26
2.52 2.05 2.23 2.99 3.32 6.28 7.76 8.13 8.16 7.35 7.24 7.46
1.03 1.48 2.30 2.57 1.44 1.36 1.31 1.27 1.24 1.23 1.23 1.29
0.91 0.58 0.58 0.58 0.58 0.00 0.00 0.00 0.00 0.00 0.00 0.00
39.31 39.66 38.66 37.63 38.43 36.13 35.00 34.68 34.35 35.16 35.29 34.99

* 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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