Is JK Tyre & Industries a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that JK Tyre & Industries Ltd is a average quality company .

Is JK Tyre & Industries undervalued or overvalued?

The key valuation ratios of JK Tyre & Industries Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone .

What is JK Tyre & Industries share price return in the past 10 years?

JK Tyre & Industries Ltd share price has appreciated 11.6% annually (CAGR) over the past ten years.

Is JK Tyre & Industries a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of JK Tyre & Industries Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

What is the P/E ratio of JK Tyre & Industries?

The latest standalone P/E ratio of JK Tyre & Industries as of 03-Dec-2024 is 19.01.

What is the P/B ratio of JK Tyre & Industries?

The latest standalone P/B ratio of JK Tyre & Industries as of 03-Dec-2024 is 2.60.

What is the 52-week high and low of JK Tyre & Industries?

The 52-week high of JK Tyre & Industries is Rs. 554.35 and the 52-week low is Rs. 342.20.

JK Tyre & Industries Ltd - Stock Valuation and Financial Performance

Name: JK Tyre & Industries
Brand: JK Tyre & Industries

BSE: 530007 | NSE: JKTYRE | Tyres & Allied | Small Cap

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JK Tyres & Inds. Share Price

₹389.60 5.90 1.54%
as on 03-Dec'24 16:59

10 Year X-Ray of JK Tyres & Inds.:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	17.9%	21.8%	16.1%	6.6%	11.9%	8%	13.1%	9.8%	9.8%	19.2%	-
Value Creation Index ⓘ	0.3	0.6	0.2	-0.5	-0.2	-0.4	-0.1	-0.3	-0.3	0.4	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	6,125	5,826	5,979	6,453	7,610	6,093	6,135	8,032	9,618	10,313	10,187
Sales YoY Gr.	-	-4.9%	2.6%	7.9%	17.9%	-19.9%	0.7%	30.9%	19.7%	7.2%	-
Adj EPS ⓘ	11.5	19.1	10.3	2.3	6.9	9.5	9.8	7.3	8.4	23.6	20.2
YoY Gr.	-	66.8%	-45.9%	-78.2%	205.3%	38.3%	3.3%	-25.4%	14.3%	181.8%	-
BVPS (₹) ⓘ	48.1	62.6	73.8	72.5	81	87.2	96.9	102.3	117.1	149.3	147.5
Adj Net Profit ⓘ	260	433	235	51.1	169	234	242	180	206	615	553
Cash Flow from Ops. ⓘ	587	815	164	495	262	783	1,253	73.3	677	1,098	-
Debt/CF from Ops. ⓘ	4.4	3.2	20.6	7.1	12.7	4.1	1.9	38.5	3.8	2.2	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	6%	6.3%	18.9%	7.2%
Adj EPS ⓘ	8.4%	28%	34%	181.8%
BVPSⓘ	13.4%	13%	15.5%	27.5%
Share Price	11.6%	40.6%	41.7%	10.5%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	26.8	34.5	15.2	3.1	9.3	11.3	10.6	7.3	7.6	18.1	13.6
Op. Profit Mgn % ⓘ	12.3	17.2	12.5	7.6	9.6	10.7	13.9	8.7	8.1	13.3	12.3
Net Profit Mgn % ⓘ	4.2	7.4	3.9	0.8	2.2	3.8	3.9	2.3	2.1	6	5.4
Debt to Equity ⓘ	2.4	1.8	2	2.1	1.7	1.5	1	1.1	0.9	0.6	0.2
Working Cap Days ⓘ	136	144	154	166	149	193	184	156	142	140	88
Cash Conv. Cycle ⓘ	44	43	59	73	70	95	76	68	68	68	23

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 13.60%

Sales growth is growing at healthy rate in last 3 years 18.91%

Net Profit is growing at healthy rate in last 3 years 33.97%

Debt to equity has declined versus last 3 years average to 0.61

Sales growth is not so good in last 4 quarters at 2.02%

Latest Financials - JK Tyre & Industries Ltd.

	Standalone	Consolidated
TTM EPS (₹)	20.2	26.9
TTM Sales (₹ Cr.)	10,187	14,647
BVPS (₹.) ⓘ	147.5	171.5
Reserves (₹ Cr.) ⓘ	3,991	4,648
P/BV ⓘ	2.60	2.24
PE ⓘ	19.01	14.27

From the Market
52 Week Low / High (₹)	342.20 / 554.35
All Time Low / High (₹)	2.56 / 554.35
Market Cap (₹ Cr.)	10,514
Equity (₹ Cr.)	54.8
Face Value (₹)	2
Industry PE ⓘ	29.9

Management X-Ray of JK Tyres & Inds.:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of JK Tyres & Inds.

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Dividend History

Analyst's Notes

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Key Ratios of JK Tyres & Inds.

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	6,125	5,826	5,979	6,453	7,610	6,093	6,135	8,032	9,618	10,313
Operating Expenses ⓘ	5,374	4,826	5,233	5,966	6,882	5,443	5,284	7,332	8,843	8,952
Manufacturing Costs	656	548	567	644	651	620	595	750	856	967
Material Costs	3,950	3,359	3,697	4,347	5,164	3,886	3,792	5,541	6,762	6,535
Employee Cost	459	523	535	524	560	554	548	607	708	836
Other Costs ⓘ	309	396	435	451	507	383	349	433	518	614
Operating Profit ⓘ	752	999	746	487	728	650	851	701	775	1,361
Operating Profit Margin (%)	12.3%	17.2%	12.5%	7.6%	9.6%	10.7%	13.9%	8.7%	8.1%	13.2%
Other Income ⓘ	15	23	60	32	79	28	36	30	32	36
Interest ⓘ	241	236	268	274	316	343	266	230	258	242
Depreciation ⓘ	139	172	184	175	188	242	246	241	243	252
Exceptional Items ⓘ	-9	-13	105	-7	2	-7	21	4	-36	-21
Profit Before Tax ⓘ	377	601	460	64	305	85	396	264	270	882
Tax ⓘ	124	176	128	21	100	-143	139	81	86	291
Profit After Tax	253	424	332	43	204	229	256	183	184	591
PAT Margin (%)	4.1%	7.3%	5.6%	0.7%	2.7%	3.8%	4.2%	2.3%	1.9%	5.7%
Adjusted EPS (₹)	11.2	18.7	14.6	1.9	8.3	9.3	10.4	7.4	7.5	22.7
Dividend Payout Ratio (%)	13%	13%	17%	79%	18%	8%	19%	20%	27%	20%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	1,091	1,420	1,674	1,644	1,995	2,163	2,398	2,526	2,889	3,896
Share Capital ⓘ	45	45	45	45	49	49	49	49	49	52
Reserves ⓘ	1,046	1,374	1,629	1,599	1,946	2,113	2,349	2,477	2,840	3,844
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	2,380	2,368	3,132	2,980	3,010	2,993	1,937	2,499	2,316	2,175
Long Term Debt	1,416	1,493	1,637	1,458	1,558	1,465	1,188	972	849	835
Short Term Debt	964	875	1,495	1,522	1,452	1,528	748	1,527	1,467	1,341
Trade Payables	903	830	911	961	979	944	1,196	1,381	1,037	1,336
Others Liabilities ⓘ	1,509	1,452	1,343	1,593	1,421	1,389	1,725	1,739	1,764	2,145
Total Liabilities ⓘ	5,884	6,070	7,060	7,178	7,405	7,488	7,256	8,145	8,006	9,553
Fixed Assets
Gross Block	4,086	5,222	5,090	5,521	5,439	5,838	5,911	6,094	6,334	6,714
Accumulated Depreciation	1,732	1,900	1,796	1,949	2,115	2,345	2,580	2,751	2,965	3,142
Net Fixed Assetsⓘ	2,354	3,321	3,294	3,572	3,324	3,493	3,332	3,344	3,369	3,572
CWIP ⓘ	697	89	136	83	74	61	69	79	105	318
Investmentsⓘ	93	91	490	545	597	724	733	791	798	794
Inventories	742	740	931	1,026	1,136	1,096	1,195	1,533	1,292	1,397
Trade Receivables	1,256	1,210	1,470	1,290	1,632	1,436	1,367	1,667	1,774	2,170
Cash Equivalents	100	62	67	72	100	46	63	76	79	592
Others Assetsⓘ	642	557	672	590	542	633	498	655	590	710
Total Assets ⓘ	5,884	6,070	7,060	7,178	7,405	7,488	7,256	8,145	8,006	9,553

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	587	815	164	495	262	783	1,253	73	677	1,098
PBT ⓘ	377	601	460	64	305	85	396	264	270	882
Adjustment ⓘ	363	379	279	415	442	573	453	444	502	476
Changes in Working Capital ⓘ	-66	-41	-486	45	-421	143	471	-577	-49	-75
Tax Paid ⓘ	-87	-124	-89	-29	-64	-19	-67	-58	-47	-184
Cash Flow From Investing Activity ⓘ	-673	-474	-663	-255	130	-251	-20	-203	-268	-1,009
Capex	-676	-507	-239	-274	171	-142	-44	-172	-269	-538
Net Investments	-18	22	83	-71	-11	-1	3	23	-11	-483
Others ⓘ	20	11	-508	90	-29	-108	21	-54	11	12
Cash Flow From Financing Activityⓘ	-18	-358	500	-236	-376	-587	-1,213	141	-412	-74
Net Proceeds from Shares ⓘ	0	0	0	0	198	0	0	0	0	492
Net Proceeds from Borrowing ⓘ	0	295	378	77	-152	-235	-82	-306	-262	-67
Interest Paid ⓘ	-251	-234	-262	-272	-311	-330	-280	-229	-251	-250
Dividend Paid ⓘ	-24	-41	-57	-57	-34	-45	-17	-49	-37	-75
Others ⓘ	257	-378	441	16	-77	23	-834	726	139	-174
Net Cash Flow ⓘ	-105	-17	1	4	16	-55	20	12	-3	14

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	26.36	33.81	21.47	2.6	11.23	11.04	11.31	7.46	6.8	17.44
ROCE (%)	17.88	21.79	16.1	6.63	11.88	8.02	13.14	9.82	9.8	19.24
Asset Turnover Ratio	1.23	1.09	1.01	0.92	1.04	0.82	0.83	1.04	1.19	1.17
PAT to CFO Conversion(x)	2.32	1.92	0.49	11.51	1.28	3.42	4.89	0.4	3.68	1.86
Working Capital Days
Receivable Days	66	69	74	77	70	92	83	69	65	70
Inventory Days	41	42	46	54	52	67	68	62	54	48
Payable Days	83	94	86	79	69	90	103	85	65	66

JK Tyre & Industries Ltd Stock News

JK Tyre & Industries Ltd FAQs

What is the share price of JK Tyres & Inds.?

Company share prices are keep on changing according to the market conditions. The closing price of JK Tyres & Inds. on 03-Dec-2024 16:59 is ₹389.6.

What is the market cap of JK Tyres & Inds.?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Dec-2024 16:59 the market cap of JK Tyres & Inds. stood at ₹10,514.2.

What is the P/E ratio of JK Tyres & Inds.?

The latest P/E ratio of JK Tyres & Inds. as of 03-Dec-2024 16:59 is 19.01.

What is the P/B ratio of JK Tyres & Inds.?

The latest P/B ratio of JK Tyres & Inds. as of 03-Dec-2024 16:59 is 2.60.

What is the 52-week high and low of JK Tyres & Inds.?

The 52-week high of JK Tyres & Inds. is ₹554.4 and the 52-week low is ₹342.2.

What is the TTM revenue of JK Tyres & Inds.?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of JK Tyres & Inds. is ₹10,187 ( Cr.) .

About JK Tyre & Industries Ltd

The flagship company of JK Organisation, JK Tyre & Industries Limited is one of India’s foremost tyre manufacturers and is also amongst the top 25 manufacturers in the world. The company offers a wide range of products catering to diverse business segments in the automobile industry. The company is also respected as one of ‘greenest’ tyre companies in the world, especially in the area of raw water consumption per unit of production, green-house gas emissions and energy consumption.

For the past few decades, the company has been at the forefront in driving innovation and excellence in the tyre industry through introduction of ground-breaking technologies and products that cater to diverse business segments in the automobile industry. Pioneers of radial technology, the company produced the first radial tyre in 1977 and is currently the market leader in Truck Bus Radial segment. In 2019, the company achieved a remarkable feat by entering the coveted Limca Book of Records with the country’s largest off-the-road tyre - VEM 045. The company provides end-to-end solutions across segments of passenger vehicles, commercial vehicles, farming, Off-the-Road and two & three-wheelers.

JK Tyre’s unwavering commitment towards innovation is reflected through the concerted efforts at its state-of-the-art global research and technology centre – the Raghupati Singhania Centre of Excellence - in Mysore. The Centre houses some of the world’s finest technologies and techniques, thereby, adding to the larger efforts of the company to put India on the global innovation map. The Hari Shankar Singhania Elastomer and Tyre Research Institute (HASETRI) - which fulfils need for globally competitive technologies for tyres and polymers and the JK Tyre Tech Centre, a hub for new product development catering to current and emerging needs of customers.

Business area of the company

The company is engaged in the manufacture and marketing of automotive tyres, tubes and flaps. The Company’s tyre products comprise Truck/Bus Radial & Bias , Passenger car radials, 2/3 wheeler tyres, LCV & SCV Bias & Radial, Off-Highway Tyres (OTR and Farm), as well as speciality tyres for Racing, Military/ Defence, Industrial and Farm applications.

Awards

2009-10:

CII Energy Management Award 2009.
Golden Peacock Environment Award, 2009.
Golden Peacock National Quality Award.
Capexil Top Export Award for the year 2009.
Export Excellence Award, 2009, Federation of Karnataka, Chambers of Commerce & Industry.

2012-13:

‘Greentech Environment ‘Gold’ Award’ in Rubber Sector.
Award for ‘Water Efficiency Unit’ by CII.
Award for Organization with Innovative HR Practices from Asia Pacific HRM Congress.

2013-14:

Gold award for Quality Circle in GCCQC 2013 by Quality Circle Forum of India.
Manufacturing Excellence Award for Reducing Cost and High Quality Standard by World Brand Congress.
‘Golden Peacock Award’ for HR Excellence for adopting best HR Practices & innovative strategies in business at the Global Convention, London, UK.
‘Greentech Environment ‘Gold’ Award’ in Rubber Sector.

2014-15:

Asia’s Most Promising Brand 2014 by World Consulting and Research Council (WCRC).
Greentech Environment Award 2015 - Gold Category.
General Motors Quality Excellence Award 2014 for Exceptional Quality Performance.
IEI Industry Excellence Award 2014 for Business Excellence and Industry Practices.

2015-16:

Ranked No.1 in ‘Customer Satisfaction with Original Tyre’ by JD Power Asia Pacific Study 2015.
The ‘Brand of the Year’ award by the World Branding Forum, a global non-profit organization dedicated to advancing branding standards.
The ‘National Energy Conservation’ award 2015, in the tyre sector (Chennai plant) by the Ministry of Power, Government of India.
The TPM Consistency award for ‘Manufacturing Excellence’ at the Mysuru plant.

2016-17:

Awarded ‘Super Brand’ for 2016-17 by Super Brand Council of India for six times consecutively, since 2004.
FICCI Corporate Social Responsibility Award 2015-16 in recognition of commendable work done as a socially responsible company.
CII National HR Excellence Award, 2016 for significant achievement in HR excellence.
Platinum Category Award, 2016 by Indian Green Building Council (IGBC) for the Chennai tyre plant.

2017-18:

Certified as Great Place to Work for the year 2018.
Best Supplier Quality Excellence Award 2016 from General Motors.
National Award for Excellence in Energy Management 2017.
UCCI PP Singhal Excellence Award in CSR - Large Enterprises Category 2018.

2018-19:

Awarded at ‘National Water Awards for Excellence in Water Management 2018’ by Confederation of Indian Industries (CII) as ‘Noteworthy Project in Water Management’ under ‘Beyond the fence’ category.
Awarded at UCCI Excellence Award 2019 for outstanding achievement in the Corporate Social Responsibility category.
7th ACEF Asian Award for Excellence in CSR, 2018 for sustainable community development.

2019-20:

• Great Place to Work: Recognition of a high trust and high performance culture.
• Frost & Sullivan and Teri Sustainability 4.0 Award: For Vikrant Tyre Plant (Mysuru) for commitment towards environment and sustainability.
• 5 Exhibit Innovative Tech Award 2019: Awarded the Editor’s Choice Innovative Tech Award 2019 for Treel.
• ICONIC IDC Insights Awards 2019.

Milestones

1976: First tyre plant commissioned in Kankroli, Rajasthan.
1991: Second tyre plant commissioned in Banmore, Madhya Pradesh.
1997: Acquired Vikrant Tyres, Mysuru.
1999: Launched allsteel truck radial tyres in Mysuru.
2008: Acquired Tornel plant in Mexico.
2010: Commissioned a new OTR plant in Mysuru.
2011: Launched ‘New Jet Xtra’, a Truck Tyre for rear wheel fitment.
2012: Inaugurates its Steel Wheels Showroom in Allahabad.
2012: Inaugurates state-of-the-art Steel Wheels Showroom in the National Capital.
2012: Inaugurates its largest Truck Wheels Centre in Vijayawada.
2012: Commissioned a greenfield plant in Chennai.
2013: Launches Fix-a-tyre, India’s first On-Road Tyre Assistance Service to Chennai.
2013: Inaugurates its exclusive Truck Wheels Centre in the Puducherry.
2016: Acquired Cavendish Industries.
2017: Ties up with Suzuki.
2017: Strengthens presence in two-wheeler tyres with BLAZE.
2019: Launched the next generation of fuel-efficient tyres - the XF Series.
2019: Launch of TREEL Sensors, a one of a kind technology-based tool geared towards smart monitoring and maintenance of tyres.
2019: Strengthens presence in Gujarat:Opens 5th XpressWheel with modern FARM Tyres Facilities in Deesa.
2020: Launches smart range of tyres on Amazon.in.
2021: Ties-up with Hyundai Motor India to drive growth in the OEM segment - Becomes Tyre Partner for top-end variants of Hyundai Creta.