JK Tyre & Industries Ltd.

NSE: JKTYRE BSE: 530007 SECTOR: Tyres & Allied  112k   651   112

183.60
-1.10 (-0.60%)
NSE: Today, 02:34 PM

Price Summary

Today's High

₹ 186.45

Today's Low

₹ 183.2

52 Week High

₹ 213.55

52 Week Low

₹ 95.45

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationFair
The stock’s market price justifies its intrinsic value.
EfficiencyPoor
The company seems highly inefficient in case of asset management.
FinancialsWeak
Watch out! The company might not be able to sustain any adverse condition.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

4520.8 Cr.

Enterprise Value

7265.46 Cr.

No. of Shares

24.62 Cr.

P/E

24.6

P/B

1.56

Face Value

₹ 2

Div. Yield

1.09 %

Book Value (TTM)

₹  117.34

CASH

76.27 Cr.

DEBT

2820.93 Cr.

Promoter Holding

56.26 %

EPS (TTM)

₹  7.46

Sales Growth

30.93%

ROE

7.46 %

ROCE

9.82%

Profit Growth

-28.63 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Brands

These are the brands of JK Tyre & Industries Ltd.

Vikrant Tornrl

Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

Track the companies of Group.

Ratios

Sales Growth

1 Year30.93%
3 Year1.81%
5 Year6.08%

Profit Growth

1 Year-28.63%
3 Year-3.61%
5 Year-11.23%

ROE%

1 Year7.46%
3 Year9.94%
5 Year8.73%

ROCE %

1 Year9.82%
3 Year10.33%
5 Year9.9%

Debt/Equity

1.1198

Price to Cash Flow

61.66

Interest Cover Ratio

2.15108226993598

CFO/PAT (5 Yr. Avg.)

3.12933030448648

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2023 56.26 0
Dec 2022 56.26 0
Sep 2022 56.26 0
Jun 2022 56.26 0
Mar 2022 56.26 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has an efficient Cash Conversion Cycle of 46.0566655002327 days.
  • The company has a good cash flow management; CFO/PAT stands at 3.12933030448648.
  • The company has a high promoter holding of 56.26%.
  • The company has a strong degree of Operating leverage, Average Operating leverage stands at 26.7295067546094.

 Limitations

  • The company has shown a poor profit growth of -3.61228048207284% for the Past 3 years.
  • The company has shown a poor revenue growth of 1.8137624491734% for the Past 3 years.

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
Net Sales 2162.88 2333.57 2411.29 2480.24 2392.82
Total Expenditure 2029.78 2162.52 2237.31 2270.58 2172.7
Operating Profit 133.1 171.05 173.98 209.66 220.12
Other Income 7.09 5.61 6.79 8.04 11.08
Interest 56.97 54.27 59.15 71.17 72.92
Depreciation 58.47 61.08 58.68 60.11 62.71
Exceptional Items 2.86 -21.88 -14.96 -1.96 2.63
Profit Before Tax 27.61 39.43 47.98 84.46 98.2
Tax 1.46 12.76 11.91 30.75 30.88
Profit After Tax 26.15 26.67 36.07 53.71 67.32
Adjusted EPS (Rs) 1.06 1.08 1.46 2.18 2.73

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Net Sales 6453.35 7610.4 6092.65 6134.52 8032.06
Total Expenditure 5966 6882.15 5442.6 5283.51 7331.56
Operating Profit 487.35 728.25 650.05 851.01 700.5
Other Income 32.45 79.27 27.58 35.6 30.2
Interest 274.12 316.28 342.92 266.27 229.61
Depreciation 175.14 188.36 242.39 245.99 240.74
Exceptional Items -6.69 1.8 -7.15 21.21 3.95
Profit Before Tax 63.85 304.68 85.17 395.56 264.3
Tax 20.76 100.28 -143.49 139.11 81.26
Net Profit 43.09 204.4 228.66 256.45 183.04
Adjusted EPS (Rs.) 1.9 8.3 9.29 10.41 7.43

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 45.36 49.25 49.25 49.25 49.25
Total Reserves 1598.93 1945.87 2113.25 2349.14 2476.85
Borrowings 1457.75 1558.22 1465 1188.48 972.06
Other N/C liabilities 696.44 745.93 776.7 908.76 939.08
Current liabilities 3379.93 3106.11 3084.29 2760.58 3707.58
Total Liabilities 7178.41 7405.38 7488.49 7256.21 8144.82
Assets
Net Block 3571.88 3324.39 3493.13 3331.67 3343.57
Capital WIP 83.31 73.8 60.88 64.12 73.33
Intangible WIP 0 0 0 4.65 5.67
Investments 550.91 602.54 729.63 738.83 796.74
Loans & Advances 58.81 62.93 57.82 45.47 56.74
Other N/C Assets 111.68 101.09 121.77 103.04 81.25
Current Assets 2801.82 3240.63 3025.26 2968.43 3787.52
Total Assets 7178.41 7405.38 7488.49 7256.21 8144.82
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Profit from operations 63.85 304.68 85.17 395.56 264.3
Adjustment 415.25 442.36 573.33 452.62 443.57
Changes in Assets & Liabilities 44.76 -420.99 143.29 471.15 -576.59
Tax Paid -28.7 -64.36 -19.14 -66.81 -57.96
Operating Cash Flow 495.16 261.69 782.65 1252.52 73.32
Investing Cash Flow -254.99 130.49 -250.62 -19.72 -202.7
Financing Cash Flow -236.08 -376.14 -586.97 -1212.59 141.43
Net Cash Flow 4.09 16.04 -54.94 20.21 12.05

Corporate Actions

Investors Details

PARTICULARS Mar 2022% Jun 2022% Sep 2022% Dec 2022% Mar 2023%
Promoters 56.26 56.26 56.26 56.26 56.26
bengal & assam com... 24.28 24.28 24.28 24.28 24.28
bengal & assam com... - - - - -
bmf investments li... 11.38 11.38 11.38 11.38 11.38
florence investech... 14.40 14.40 14.40 14.40 14.40
raghupati singhania 0.41 0.41 0.41 0.41 0.41
anshuman singhania... 0.31 0.31 0.31 0.31 0.31
vinita singhania 0.34 0.34 0.34 0.34 0.34
bharat hari singha... 0.34 0.34 0.34 0.34 0.34
hari shankar singh... 0.33 0.33 0.33 0.33 0.33
sunanda singhania 0.25 0.25 0.25 0.25 0.25
sunanda singhania 0.25 0.25 0.25 0.25 0.25
bharat hari singha... 0.09 0.09 0.09 0.09 0.09
vikram pati singha... 0.03 0.03 0.03 0.03 0.03
harsh pati singhan... 0.03 0.03 0.03 0.03 0.03
harsh pati singhan... - - - - -
vikram pati singha... - - - - -
harsh pati singhan... 0.09 0.09 0.09 0.09 0.09
vikram pati singha... 0.09 0.09 0.09 0.09 0.09
raghupati singhani... 0.03 0.03 0.03 0.03 0.03
raghupati singhani... - - - - -
anshuman singhania 0.03 0.03 0.03 0.03 0.03
shrivats singhania 0.01 0.01 0.01 0.01 0.01
sharda singhania - - - - -
juggilal kamlapat ... 0.02 0.02 0.02 0.02 0.02
PARTICULARS Mar 2022% Jun 2022% Sep 2022% Dec 2022% Mar 2023%
Investors 43.74 43.74 43.74 43.74 43.74
edgefield securiti... 7.69 7.69 7.69 7.69 7.69
sachin bansal - - - - -
tasha investment a... 1.78 2.07 2.09 2.09 2.09
abu dhabi investme... 2.00 2.00 2.00 2.00 2.00
hsbc global invest... - 1.61 1.76 1.90 1.90
the new india assu... - - - - -
lsv emerging marke... 1.33 - - - -
deepak bhagnani - - - - -
deepak bhagnani - - - - 1.00
cassini partners, ... - - - - -
investor education... - - - - -
iepf - - - - -

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

JK Tyre & Industries informs about earnings call transcript26 May 2023, 1:00PM JK Tyre & Industries reports over 2-fold jump in Q4 consolidated net profit 18 May 2023, 10:30AM JK Tyres & Inds. - Quaterly Results17 May 2023, 5:48PM JK Tyres & Inds. - Quaterly Results17 May 2023, 5:48PM JK Tyres & Inds. - Quaterly Results17 May 2023, 5:48PM JK Tyre develops passenger car radial tyre with 80% sustainable, recycled materials26 Apr 2023, 10:23AM JK Tyre & Industries informs about compliance certificate10 Apr 2023, 5:20PM IFC to acquire 5.6% stake in JK Tyre & Industries22 Mar 2023, 5:25PM JK Tyre to raise Rs 240 crore from International Finance Corporation21 Feb 2023, 12:37PM JK Tyre & Industries looking to expand retail network across country 21 Feb 2023, 10:46AM JK Tyre & lndustries informs about newspaper publiction9 Feb 2023, 3:28PM JK Tyre launches ‘Xtra-Fuel Efficient’ Tyres6 Feb 2023, 4:44PM JK Tyres & Inds. - Quaterly Results3 Feb 2023, 5:17PM JK Tyres & Inds. - Quaterly Results3 Feb 2023, 5:17PM JK Tyres & Inds. - Quaterly Results3 Feb 2023, 5:17PM JK Tyre & Industries aims to become carbon net zero company by 2050: Report30 Dec 2022, 2:11PM JK Tyre & Industries reports 24% fall in Q2 consolidated net profit2 Nov 2022, 10:47AM JK Tyres & Inds. - Quaterly Results1 Nov 2022, 6:31PM JK Tyres & Inds. - Quaterly Results1 Nov 2022, 6:31PM JK Tyres & Inds. - Quaterly Results1 Nov 2022, 6:31PM Jk Tyre & Industries informs about disclosure 16 Sep 2022, 4:35PM JK Tyre gets best in class rating in ESG Performance2 Sep 2022, 4:44PM JK Tyre rolls out two new products in radial tyre segment19 Aug 2022, 12:33PM JK Tyre & Industries increases price by 6-7% to offset higher input costs19 Aug 2022, 11:59AM JK Tyre & Industries reports 20% fall in Q1 consolidated net profit9 Aug 2022, 11:46AM JK Tyres & Inds. - Quaterly Results8 Aug 2022, 6:53PM JK Tyres & Inds. - Quaterly Results8 Aug 2022, 6:53PM Jk Tyre & Industries informs about AGM1 Aug 2022, 5:19PM JK Tyre & Industries informs about annual report1 Aug 2022, 4:59PM JK Tyre and Industries sets up new truck wheel centre in Tamil Nadu15 Jul 2022, 4:28PM JK Tyre & Industries informs about compliances-certificate12 Jul 2022, 2:35PM JK Tyre & lndustries informs about press release7 Jul 2022, 4:52PM JK Tyre and Industries plans capital expenditure of Rs 1,100 crore till next financial year30 May 2022, 10:37AM JK Tyre & Industries reports 80% fall in Q4 consolidated net profit20 May 2022, 5:52PM JK Tyres & Inds. - Quaterly Results20 May 2022, 3:14PM JK Tyres & Inds. - Quaterly Results20 May 2022, 3:14PM JK Tyres & Inds. - Quaterly Results20 May 2022, 3:14PM JK Tyre & Industries to reduce raw water usage by over 65% by 202529 Apr 2022, 12:58PM JK Tyre launches puncture guard technology in tyres for four-wheelers24 Mar 2022, 5:55PM JK Tyre reports 77% fall in Q3 consolidated net profit4 Feb 2022, 2:59PM JK Tyres & Inds. - Quaterly Results3 Feb 2022, 5:56PM JK Tyres & Inds. - Quaterly Results3 Feb 2022, 5:56PM JK Tyres & Inds. - Quaterly Results3 Feb 2022, 5:56PM JK Tyre & Industries launching 'eco range of products' 6 Nov 2021, 11:57AM JK Tyre & Industries reports 37% fall in Q2 consolidated net profit29 Oct 2021, 11:49AM JK Tyre & Industries ropes in Narain Karthikeyan as brand ambassador11 Aug 2021, 12:27PM JK Tyre & Industries informs about earnings presentation7 Aug 2021, 4:54PM JK Tyre inks pact with Ki Mobility Solutions to expand retail presence13 Jul 2021, 9:17AM JK Tyre widens OEM supply to Hyundai Motor India 8 Jul 2021, 10:28AM JK Tyre & Industries to spend Rs 200 crore in next 2 years to enhance production capacity15 Jun 2021, 11:44AM

JK Tyres & Inds. Stock Price Analysis and Quick Research Report. Is JK Tyres & Inds. an attractive stock to invest in?

 

Stock investing requires careful analysis of financial data to find out the company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement. This can be time-consuming and cumbersome. An easier way to find out about a company's performance is to look at its financial ratios, which can help to make sense of the overwhelming amount of information that can be found in a company's financial statements.

Here are the few indispensable tools that should be a part of every investor’s research process.

  • PE ratio: - Price to Earnings' ratio, which indicates for every rupee of earnings how much an investor is willing to pay for a share. A general rule of thumb is that shares trading at a low P/E are undervalued (it depends on other factors too). JK Tyres & Inds. has a PE ratio of 24.6941701392146 which is high and comparatively overvalued .

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. JK Tyres & Inds. has ROA of 2.37698387705238 % which is a bad sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. JK Tyres & Inds. has a Current ratio of 1.02156123401248 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. JK Tyres & Inds. has a ROE of 7.46314602755868 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. JK Tyres & Inds. has a D/E ratio of 1.1198 which means that the company has low proportion of debt in its capital.

  • Inventory turnover ratio: - Inventory Turnover ratio is an activity ratio and is a tool to evaluate the liquidity of a company's inventory. It measures how many times a company has sold and replaced its inventory during a certain period of time. JK Tyres & Inds. has an Inventory turnover ratio of 5.88985928093216 which shows that the management is inefficient in relation to its Inventory and working capital management.

  • Sales growth: - JK Tyres & Inds. has reported revenue growth of 30.9321674719456 % which is fair in relation to its growth and performance.

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of JK Tyres & Inds. for the current financial year is 8.72129939268382 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for JK Tyres & Inds. is Rs 1.5 and the yield is 1.0823 %.

Brief about JK Tyres & Inds.

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