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. #
Brands
Company's portfolio includes a range of brands including JKTyre, Vikrat, Tornel, Challenger & Blaze. #
- Market Cap ₹ 3,052 Cr.
- Current Price ₹ 124
- High / Low ₹ 147 / 31.5
- Stock P/E 23.4
- Book Value ₹ 90.7
- Dividend Yield 0.56 %
- ROCE 8.02 %
- ROE 1.38 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company has been maintaining a healthy dividend payout of 27.96%
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 3.59% over past five years.
- Company has a low return on equity of 4.05% for last 3 years.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2,284 | 2,440 | 2,494 | 2,731 | 2,704 | 2,575 | 2,155 | 2,200 | 1,795 | 1,131 | 2,275 | 2,769 | |
1,955 | 2,114 | 2,231 | 2,466 | 2,445 | 2,337 | 1,859 | 1,956 | 1,587 | 1,135 | 1,920 | 2,269 | |
Operating Profit | 329 | 325 | 262 | 265 | 259 | 238 | 296 | 244 | 207 | -4 | 355 | 500 |
OPM % | 14% | 13% | 11% | 10% | 10% | 9% | 14% | 11% | 12% | -0% | 16% | 18% |
Other Income | 113 | -17 | 13 | -9 | 9 | 12 | -44 | 8 | -53 | -26 | 32 | 47 |
Interest | 115 | 121 | 128 | 131 | 141 | 139 | 140 | 136 | 135 | 131 | 123 | 107 |
Depreciation | 77 | 77 | 79 | 80 | 80 | 91 | 92 | 93 | 102 | 97 | 97 | 98 |
Profit before tax | 250 | 110 | 68 | 45 | 47 | 21 | 22 | 23 | -82 | -257 | 167 | 343 |
Tax % | 36% | 39% | 29% | 45% | 24% | 24% | -680% | 50% | 43% | 21% | 35% | 33% |
Net Profit | 145 | 64 | 52 | 27 | 34 | 17 | 170 | 11 | -47 | -199 | 105 | 224 |
EPS in Rs | 6.41 | 2.83 | 2.29 | 1.18 | 1.36 | 0.69 | 6.91 | 0.44 | -1.92 | -8.08 | 4.26 | 9.10 |
Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
5,406 | 4,430 | 5,818 | 6,745 | 6,924 | 7,583 | 7,315 | 6,898 | 7,689 | 8,272 | 10,368 | 8,725 | 7,970 | |
5,241 | 3,928 | 5,494 | 6,493 | 6,306 | 6,712 | 6,384 | 5,783 | 6,596 | 7,546 | 9,305 | 7,737 | 6,911 | |
Operating Profit | 165 | 502 | 324 | 252 | 618 | 871 | 931 | 1,115 | 1,093 | 726 | 1,063 | 988 | 1,059 |
OPM % | 3% | 11% | 6% | 4% | 9% | 11% | 13% | 16% | 14% | 9% | 10% | 11% | 13% |
Other Income | 54 | 30 | 14 | 33 | 12 | -41 | -30 | 13 | 174 | 146 | 44 | -78 | 1 |
Interest | 171 | 119 | 117 | 188 | 233 | 276 | 257 | 252 | 440 | 466 | 521 | 549 | 495 |
Depreciation | 122 | 100 | 109 | 121 | 133 | 179 | 158 | 216 | 291 | 299 | 316 | 378 | 393 |
Profit before tax | -75 | 313 | 112 | -23 | 264 | 374 | 486 | 660 | 535 | 107 | 270 | -17 | 171 |
Tax % | -44% | 30% | 44% | -66% | 26% | 32% | 33% | 31% | 29% | 41% | 35% | 989% | |
Net Profit | -104 | 224 | 66 | -32 | 203 | 263 | 330 | 467 | 375 | 66 | 176 | 151 | 83 |
EPS in Rs | -5.06 | 10.90 | 3.21 | -1.56 | 9.90 | 12.81 | 14.53 | 20.60 | 16.55 | 2.91 | 7.16 | 6.12 | 3.36 |
Dividend Payout % | -11% | 6% | 19% | -32% | 7% | 8% | 10% | 12% | 15% | 52% | 21% | 11% |
Compounded Sales Growth | |
---|---|
10 Years: | 7% |
5 Years: | 4% |
3 Years: | 4% |
TTM: | -17% |
Compounded Profit Growth | |
---|---|
10 Years: | -18% |
5 Years: | -38% |
3 Years: | -53% |
TTM: | -45% |
Stock Price CAGR | |
---|---|
10 Years: | 22% |
5 Years: | 9% |
3 Years: | -7% |
1 Year: | 105% |
Return on Equity | |
---|---|
10 Years: | 14% |
5 Years: | 11% |
3 Years: | 4% |
Last Year: | 1% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Sep 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
41 | 41 | 41 | 41 | 41 | 41 | 45 | 45 | 45 | 45 | 49 | 49 | 49 | |
Reserves | 651 | 809 | 817 | 714 | 865 | 1,044 | 1,356 | 1,706 | 1,919 | 1,916 | 2,235 | 2,282 | 2,185 |
Borrowings | 1,382 | 1,159 | 1,611 | 2,141 | 2,703 | 2,705 | 2,975 | 2,900 | 5,655 | 5,811 | 5,758 | 5,549 | 4,369 |
1,243 | 1,544 | 1,831 | 2,245 | 1,953 | 2,253 | 2,528 | 2,401 | 2,776 | 2,762 | 3,227 | 3,333 | 3,807 | |
Total Liabilities | 3,317 | 3,553 | 4,300 | 5,140 | 5,563 | 6,043 | 6,904 | 7,052 | 10,395 | 10,535 | 11,269 | 11,213 | 10,411 |
1,612 | 1,764 | 1,855 | 1,870 | 2,714 | 2,690 | 2,701 | 3,747 | 5,794 | 6,142 | 6,228 | 6,382 | 6,246 | |
CWIP | 291 | 188 | 200 | 765 | 76 | 177 | 830 | 106 | 326 | 309 | 270 | 284 | 301 |
Investments | 76 | 80 | 87 | 101 | 104 | 115 | 140 | 160 | 73 | 128 | 131 | 140 | 142 |
1,339 | 1,520 | 2,157 | 2,405 | 2,668 | 3,060 | 3,232 | 3,039 | 4,202 | 3,956 | 4,640 | 4,407 | 3,722 | |
Total Assets | 3,317 | 3,553 | 4,300 | 5,140 | 5,563 | 6,043 | 6,904 | 7,052 | 10,395 | 10,535 | 11,269 | 11,213 | 10,411 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
297 | 565 | 8 | 362 | -15 | 655 | 734 | 903 | 106 | 637 | 797 | 1,346 | |
-445 | -175 | -291 | -612 | -201 | -224 | -806 | -511 | -807 | -394 | -261 | -427 | |
169 | -350 | 307 | 240 | 252 | -335 | -1 | -422 | 830 | -409 | -522 | -963 | |
Net Cash Flow | 21 | 40 | 23 | -10 | 35 | 96 | -73 | -31 | 128 | -165 | 14 | -44 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
ROCE % | 5% | 21% | 10% | 8% | 15% | 19% | 19% | 20% | 14% | 6% | 11% | 8% |
Debtor Days | 37 | 52 | 52 | 55 | 55 | 64 | 72 | 74 | 85 | 68 | 68 | 77 |
Inventory Turnover | 8.52 | 5.90 | 6.56 | 6.78 | 5.95 | 5.54 | 5.35 | 4.73 | 4.26 | 4.05 | 4.53 | 3.46 |
Documents
Add documentRecent announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 8 Feb
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 21 Jan
- Unaudited Financial Results For The Third Quarter Ended 31St December 2020. 21 Jan
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 19 Jan
- Shareholding for the Period Ended December 31, 2020 19 Jan
View all
Annual reports
- Financial Year 2020 from bse
- Financial Year 2019 from bse
- Financial Year 2018 from bse
- Financial Year 2017 from bse
- Financial Year 2016 from bse
- Financial Year 2015 from bse
- Financial Year 2014 from bse
- Financial Year 2013 from bse
- Financial Year 2012 from bse
- Financial Year 2012 from nse
- Financial Year 2011 from bse
- Financial Year 2011 from nse
- Financial Year 2010 from bse