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JK Tyre & Industries Ltd share Price Today

Company details

433.40
450.70
246.00
553.95
6M Return -11.41%
1Y Return 83.61%
Mkt Cap.(Cr) 11,582.66
Volume 1,516,418
Div Yield 1.01%
OI
-
OI Chg %
-
Volume 1,516,418
NSE

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Auto Tyres & Rubber Products company JK Tyre & Industries announced FY24 results:

  • Revenue: 15,046 crore
  • EBIDTA: 2,122 crore
  • EBIDTA Margin: 14.1%
  • PBT: 1,211 crore
  • PAT: 811 crore

Commenting on the results, Raghupati Siaghania, Chairman and Managing Director (CMD), said, “JK Tyre achieved highest ever sales & profits during W2024. Sales at Rs 15,046 crore was marginally higher with EBIDTA of Rs 2,122 crore increasing by 59% and PAT of Rs 811 crore registering a 2X increase. This performance is attributed to our continued focus on product premiumization, widening market reach and tech enabled manufacturing & digitalization across operations achieving better efficiencies. Moreover, our strategic initiatives to fortify our balance sheet through equity infusion yielded fruitful results, reinforcing our financial resilience”.

 

Result PDF

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JK Tyre & Industries Ltd shares SWOT Analysis

Strengths (11)

  • Company with high TTM EPS Growth
  • Strong Annual EPS Growth
  • Effectively using its capital to generate profit - RoCE improving in last 2 years

Weakness (3)

  • MFs decreased their shareholding last quarter
  • Declining profits every quarter for the past 2 quarters
  • Declining Net Cash Flow : Companies not able to generate net cash

Opportunity (1)

  • High Volume, High Gain

Threats (2)

  • Companies with growing costs YoY for long term projects
  • Increasing Trend in Non-Core Income
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Resistance and support

R1 452.2
R2 460.1
R3 469.5
Pivot

442.78

S1 434.9
S2 425.5
S3 417.6
EMA SMA
442.3
431.1
423.6
394.4
451.1
422.3
426.3
410.0
Delivery and volume
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CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2024-07-15 490.24 1565208 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2024-07-15 490.45 1565208 NSE
SOCIETE GENERALE Block Purchase 2024-01-25 491.7 244284 BSE
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Name Category Shares
RAGHUPATI SINGHANIA PROMOTER 0.63%
ANSHUMAN SINGHANIA (Karta of Shripati Singhania HUF) PROMOTER 0.58%
VINITA SINGHANIA PROMOTER 0.54%
BENGAL & ASSAM COMPANY LTD. PROMOTER 49.86%

OUR RESEARCH VIEW

Investment recommendation
Pricing discipline and healthy financials merit a BUY…
Call Date
27 May 2024
Entry Price 416.00
Target Price 525.00
Duration
12-18 Month
BUY View Report
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FINANCIALS

Sales
Operating Profit
Profit after Tax
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Equity
Reserves and Surplus
Debt
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Sales
Operating Profit
Profit after Tax
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PE
Debt/Equity
P BV
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JK Tyre & Industries Ltd Stocks COMPARISON

Financials( ₹ in Cr) JK Tyre & Industries Ltd Balkrishna Industries Ltd MRF Ltd Apollo Tyres Ltd CEAT Ltd
Price 444.25 3,280.10 138,870.30 550.40 2,609.55
% Change 1.38 3.77 0.93 2.50 0.43
Mcap ₹ Cr 11,582.66 63,409.91 58,894.89 34,955.96 10,555.63
Revenue TTM ₹ Cr 15,001.78 9,368.87 25,169.21 25,377.72 11,314.88
Net Profit TTM ₹ Cr 811.48 1,471.49 2,081.23 1,721.87 182.39
PE TTM 14.24 44.04 29.86 19.97 15.39
1 Year Return 83.61 37.51 35.45 31.02 5.37
ROCE 17.30 17.76 16.45 15.38 9.29
ROE 20.59 17.93 13.25 13.01 6.14
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INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 4,260.18 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 3,555.27 41,445.87
LAST 3M 81,242.17 56,953.52
LAST 6M 176,360.83 56,552.99
LAST 12M 304,497.96 86,223.40

JK Tyre & Industries Ltd Information

Stock PE (TTM)
14.24
Promoter Holding
53.13%
Book Value
163.3985
ROCE
17.3%
ROE
20.59%
Description

  • 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.

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Registered Address

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

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

Alankit Assignments Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 530007
NSE Code : JKTYRE
Book Closure Date (Month) : Jul/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 Jul 26, 2024 03:58 PM the closing price of JK Tyre & Industries Ltd was Rs.444.25.

The latest PE ratio of JK Tyre & Industries Ltd as of Jul 26, 2024 03:58 PM is 14.24

The latest PB ratio of JK Tyre & Industries Ltd as of Jul 26, 2024 03:58 PM is 0.37

The 52-week high of JK Tyre & Industries Ltd share price is Rs. 553.95 while the 52-week low is Rs. 246.00

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

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 Jul 26, 2024 03:58 PM, the market cap of JK Tyre & Industries Ltd stood at Rs. 11,582.66 Cr.

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