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JK Tyre & Industries Ltd share Price Today

Company details

413.00
428.90
161.55
553.95
6M Return 53.45%
1Y Return 155.97%
Mkt Cap.(Cr) 10,808.31
Volume 417,867
Div Yield 0.46%
OI
-
OI Chg %
-
Volume 417,867

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About The Stock

    JK Tyre (JKT) is a leading tyre manufacturer with annual capacity pegged at 6.2 lakh MT. It serves various automotive segments via India, Mexico plants with dominance in truck/bus radial (TBR) space domestically.

    • FY22 segment mix – truck/bus ~55%, PCR ~26%, 2-W, 3-W ~4%
    • FY22 channel mix – aftermarket ~59%, OEM ~20%, exports ~21%
Q3FY23

    The company reported healthy performance in Q3FY23.

    • Consolidated net sales were down 3% QoQ to ₹ 3,613 crores.
    • EBITDA margins rose 148 bps QoQ to 9.4%
    • Consequent PAT stood at ₹ 65.6 crore up 28% QoQ

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JK Tyre & Industries announced Q3FY24 results:

  • 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”.

 

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JK Tyre & Industries Ltd shares SWOT Analysis

Strengths (6)

  • Rising Net Cash Flow and Cash from Operating activity
  • Company with high TTM EPS Growth
  • Growth in Quarterly Net Profit with increasing Profit Margin (YoY)

Weakness (1)

  • Promoter holding decreased by more than -2% QoQ

Opportunity (1)

  • Highest Recovery from 52 Week Low

Threats (4)

  • Promoter decreasing their shareholding
  • Companies with growing costs YoY for long term projects
  • Increasing Trend in Non-Core Income

Resistance and support

R1 424.6
R2 434.7
R3 440.5
Pivot

418.82

S1 408.7
S2 402.9
S3 392.8
EMA SMA
433.5
446.2
423.9
367.7
423.8
474.5
431.2
353.7
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
SOCIETE GENERALE Block Purchase 2024-01-25 491.7 244284 BSE
BNP PARIBAS ARBITRAGE Block Sell 2024-01-25 491.7 244284 BSE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2023-12-18 376.96 1369510 NSE
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
Call Date
21 Feb 2023
Entry Price 160.00
Target Price 190.00
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

JK Tyre & Industries Ltd Stocks COMPARISON

Financials( in Cr) JK Tyre & Industries Ltd MRF Ltd Balkrishna Industries Ltd Apollo Tyres Ltd CEAT Ltd
Price 414.55 131,716.50 2,393.05 482.30 2,587.55
% Change -2.27 -0.73 -1.07 -1.32 -1.55
Mcap Cr 10,808.31 55,860.97 46,261.72 30,630.92 10,466.64
Revenue TTM Cr 14,644.94 23,008.50 9,759.53 24,568.13 11,314.88
Net Profit TTM Cr 264.74 768.96 1,057.40 1,104.64 182.39
PE TTM 15.01 27.56 37.16 16.96 15.52
1 Year Return 155.97 56.07 20.21 46.89 77.76
ROCE 10.26 7.77 14.41 9.75 9.29
ROE 9.56 5.35 14.59 8.97 6.14
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 3,169.63 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 20,771.53 7,735.64
LAST 3M 82,392.14 52,275.07
LAST 6M 132,482.07 84,624.18
LAST 12M 206,189.80 211,987.34

JK Tyre & Industries Ltd Information

Stock PE (TTM)
15.01
Promoter Holding
53.13%
Book Value
163.5366
ROCE
10.26%
ROE
9.56%
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.

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 Apr 12, 2024 04:05 PM the closing price of JK Tyre & Industries Ltd was ₹ 414.55.

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 Apr 12, 2024 04:05 PM, the market cap of JK Tyre & Industries Ltd stood at ₹ 10,808.31.

The latest PE ratio of JK Tyre & Industries Ltd as of Apr 12, 2024 04:05 PM is 15.01

The latest PB ratio of JK Tyre & Industries Ltd as of Apr 12, 2024 04:05 PM is 0.39

The 52-week high of JK Tyre & Industries Ltd share price is ₹ 553.95 while the 52-week low is ₹ 161.55

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

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