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 ₹ 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
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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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% |
Documents
Announcements
- Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011 9h
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 9h
- Announcement under Regulation 30 (LODR)-Press Release / Media Release 13h
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Announcement under Regulation 30 (LODR)-Allotment
2d - Allotment of 24,000 fully paid Compulsorily Convertible Debentures (carrying an interest at the rate of 6% per annum, compounded cumulatively on a quarterly basis) at …
- Voting Results Of The Extraordinary General Meeting Held On 6Th March 2023 7 Mar
Annual reports
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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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Financial Year 2010
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Concalls
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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
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]