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 ₹ 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
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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Investor Presentation
27 Nov - Investor Presentation- Investor Meet on one-on-one basis
- Intimation Of Cut-Off Date And Period For E-Voting 24 Nov
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
23 Nov - The management team of the Company will meet several investors in Mumbai on one-on-one basis on 28th, 29th and 30th November, 2023.
- Extraordinary General Meeting To Be Held On 18Th December 2023 23 Nov
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Announcement under Regulation 30 (LODR)-Newspaper Publication
22 Nov - Newspaper Advertisement of Extraordinary General Meeting of the Company
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Concalls
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Nov 2023TranscriptNotesPPT
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Nov 2023TranscriptNotesPPT
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Aug 2023Transcript PPT
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May 2023TranscriptNotesPPT
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Feb 2023TranscriptNotesPPT
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Nov 2022TranscriptNotesPPT
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Aug 2022TranscriptNotesPPT
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May 2022TranscriptNotesPPT
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Feb 2022Transcript PPT
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Oct 2021Transcript PPT
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Aug 2021Transcript PPT
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May 2021Transcript PPT
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Jan 2021TranscriptPPT
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Oct 2020TranscriptPPT
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Nov 2016TranscriptPPT
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May 2016TranscriptPPT
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]