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JK Tyre & Industries Ltd share Price

Company details

6M Return -10.68%
1Y Return 69.02%
Mkt Cap.(Cr) 4,561.43
Volume 1,039,095
Div Yield 1.08%
OI Chg %
Volume 1,039,095

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About The Stock

    JK Tyre (JKT) is a leading tyre manufacturer with annual capacity pegged at 5.75 lakh MT. It serves various automotive segments via India, Mexico plants with dominance in truck/bus radial (TBR) space domestically.

    • FY21 segment mix – truck/bus 56%, PCR 23%, 2-W, 3-W 5%, others 16%
    • FY21 channel mix – aftermarket 64%, OEM 18%, exports 18%


    The company reported steady performance in Q3FY22.

    • Consolidated net sales were up 3% QoQ to ₹ 3,076 crores.
    • EBITDA margins slid 90 bps QoQ to 8.9% amid rise in other expenses
    • Consequent PAT stood at ₹ 57 crore was lower by 14.5% QoQ

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JK Tyre & Industries Ltd.

FY23 Annual Result Announced for JK Tyre & Industries Ltd.

JK Tyre & Industries announced FY23 results:

  • Net Revenues at Rs 14,681 crore
  • EBIDTA at Rs 1,334 crore
  • Profit Before Tax is at 411 crore
  • Profit After Tax is at 263 crore

Commenting on the results, Dr. Raghupati Singhania. Chairman and Managing Director (CMD) said, "JK Tyre has achieved highest ever revenues of Rs 14,681 crore during FY2023, registering a growth of 22%. This is on account of growth in domestic demand witnessed in key segments, viz., commercial and passenger vehicle tyres. Exports have also performed well, despite global headwinds.

operating margins improved sequentially in the 4th, quarter of the financial year 2023, aided by softening in input costs. we remain optimistic on tyre Industry growth path in coming year, buoyed by uptick in economic activities and the big push in infrastructure growth.

JK Tyre's subsidiaries Cavendish Industries Ltd. and JK Tomel, Mexico performed well with improved volumes, revenues and profitability.

He further added "with a focus on innovation and a commitment to excellence, we will continue to deliver high-quality and innovative products to our customers. ultra High Performance tyre - 'Levitas Ultra' range is one of such recent launches, to bolster our product positioning and focus on premiumisation in marketspace."



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Investment recommendation

Call Date
21 Feb 2023
Entry Price 160.00
Target Price 190.00
12-18 Month


Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

JK Tyre & Industries Ltd Stocks COMPARISION


Equity Capital: 2,848.31 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 6,206.94 33,704.16
LAST 3M 18,301.56 58,999.00
LAST 6M 64,412.59 43,706.77
LAST 12M 118,019.00 92,784.99

JK Tyre & Industries Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • JK Tyre & Industries Ltd is in the Tyre sector is having a market capitalization worth Rs. 3,569.12 crores, it is incorporated in the year 1951. It has reported consolidated sales of Rs. 2,608.44 crores in June 2021. The company is listed on the Bombay Stock Exchange (BSE) with the code 530007, and also listed on the National Stock Exchange (NSE) with the code JKTYRE.

    JK Tyre & Industries Ltd is one of India’s leading tire manufacturers and distributors. The company develops, manufactures, and distributes automotive tires, tubes, flaps, and retreads for different vehicle classes. The company manufactures tires for passenger vehicles, commercial vehicles, farming, Off-the-road, and two & three-wheeler vehicles. JK Tyres has a global network of 180 global distributors located in 105 countries of the world. The company has nine manufacturing units in India and three in Mexico. JK Tyre was recently awarded the Sword of Honor for safety across its plants by the British Safety Council. The promoters of the company own 56.23% of the stake in the company, Foreign Institutional Investors (FII) own 6.28% of any stake in the company, Domestic Institutional Investors (DII) own 1.37%, and others (such as public & retail investors) hold the balance of 36.13%.

    In June 2021, quarterly net revenue was Rs. 1,726.13 crores, which has increased by approximately 117.39 % from Rs. 794.03 crores for the April-June 2020 quarter. The quarterly net profit in June 2021 was Rs. 44.59 crores, which has risen sharply and increased by nearly 159.7% from a net loss of Rs. 74.69 crores in June 2020. In June 2021, the reported operating profit was at Rs. 1,485.7 crores, which has also increased by 123.13% as compared to an operating profit of Rs. 665.84 crores for the quarter ending in June 2020. From a negative EPS of Rs. 3.03 in June 2020, the EPS of JK Tyre & Industries Ltd has improved and reached a positive EPS of Rs. 1.81 per share in June 2021. JKTYRE's stock closed at Rs. 144.95 on 27th August’2021 (NSE). JK Tyre & Industries Ltd has returned a marginal 16.80% in the last six months and returned 131.18% positively in the previous year.

Registered Address

Jaykaygram, PO-Tyre Factory, Kankroli, Rajasthan, 313342

Tel : 91-02952-302400/330011
Email : investorjktyre:jkmail.com
Website : http://www.jktyre.com

Alankit Assignments Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 530007
Book Closure Date (Month) : Aug
BSE Group : A
ISIN : INE573A01042

FAQ’s on JK Tyre & Industries Ltd Shares

You can buy JK Tyre & Industries Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy JK Tyre & Industries Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 07, 2023 03:59 PM the closing price of JK Tyre & Industries Ltd was ₹ 185.25.

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 Jun 07, 2023 03:59 PM, the market cap of JK Tyre & Industries Ltd stood at ₹ 4,561.43.

The latest PE ratio of JK Tyre & Industries Ltd as of Jun 07, 2023 03:59 PM is 15.21

The latest PB ratio of JK Tyre & Industries Ltd as of Jun 07, 2023 03:59 PM is 0.74

The 52-week high of JK Tyre & Industries Ltd is ₹ 213.55 while the 52-week low is ₹ 95.45

According to analyst recommendations, JK Tyre & Industries Ltd has a “Buy” rating for the long term.

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