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.
In Q3FY24, the company recorded a net revenue of Rs 3,700 crore
Achieved an EBIDTA of Rs 563 crore, marking a remarkable growth of 61% compared to the same period last year.
EBIDTA Margin of 15.2%
Profit Before Tax of Rs 341 crore in Q3FY24
Profit After Tax of Rs 227 crore in Q3FY24
Notably, the net debt at Rs 3,456 crore registered a 24% reduction from the levels recorded in March 2023.
Based on the performance of the company, the Board has decided and declared an interim dividend of Re 1 per equity share (50%) having a face value of Rs 2 per share.
Dr. Raghupati Singhania, the Chairman and Managing Director (CMD), stated, "At JK Tyre, we remain committed to achieving profitable growth centered on product premiumization, volume expansion, and optimizing our product mix. The demand outlook remains optimistic, driven by the strong momentum in economic activity and positive consumer sentiments, across product categories.
The global demand scenario is still challenging due to geo-political disturbances affecting exports during the quarter.
Highlighting the significant contributions of subsidiaries, namely Cavendish Industries Ltd. (CIL) and JK Tornel, Mexico, Dr. Singhania acknowledged their role in bolstering the company's overall revenues and profitability.
We have successfully raised Rs 500 crore by way of QIP in December 2023, which received an overwhelming response from investors at large, reinforcing investors confidence in JK Tyre’s growth story”.
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.
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.
JK Tyre & Industries share price as on 28 Mar 2024 is Rs. 432.05. Over the past 6 months, the JK Tyre & Industries share price has increased by 55.47% and in the last one year, it has increased by 184.62%. The 52-week low for JK Tyre & Industries share price was Rs. 148.25 and 52-week high was Rs. 553.95.
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 Mar 28, 2024 04:09 PM the closing price of JK Tyre & Industries Ltd was ₹ 432.05.
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 Mar 28, 2024 04:09 PM, the market cap of JK Tyre & Industries Ltd stood at ₹ 11,264.58.