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JK Tyre & Industries Ltd share Price Today

Company details

395.25
434.00
208.05
553.95
6M Return 14.11%
1Y Return 107.26%
Mkt Cap.(Cr) 11,204.61
Volume 10,850,991
Div Yield 1.05%
OI
-
OI Chg %
-
Volume 10,850,991

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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”.

 

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JK Tyre & Industries Ltd shares SWOT Analysis

Strengths (13)

  • MACD Crossover Above Signal Line
  • Company with high TTM EPS Growth
  • Strong Annual EPS Growth

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 (3)

  • Highest Recovery from 52 Week Low
  • RSI indicating price strength
  • High Volume, High Gain

Threats (1)

  • Increasing Trend in Non-Core Income

Resistance and support

R1 444.1
R2 458.4
R3 482.8
Pivot

419.67

S1 405.3
S2 380.9
S3 366.6
EMA SMA
402.6
408.4
410.7
382.3
400.7
403.9
436.9
392.6
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
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

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 Balkrishna Industries Ltd MRF Ltd Apollo Tyres Ltd CEAT Ltd
Price 429.75 3,229.00 129,459.10 541.90 2,821.85
% Change 9.13 0.91 3.39 4.70 8.57
Mcap Cr 11,204.61 62,422.06 54,903.60 34,416.12 11,414.38
Revenue TTM Cr 14,644.94 9,368.87 23,008.50 24,568.13 11,314.88
Net Profit TTM Cr 264.74 1,471.49 768.96 1,104.64 182.39
PE TTM 13.94 43.35 26.38 19.41 16.66
1 Year Return 107.26 36.76 28.96 32.35 35.42
ROCE 10.26 17.76 7.77 9.75 9.29
ROE 9.56 17.93 5.35 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 29,542.69 26,564.54
LAST 3M 107,300.08 -872.81
LAST 6M 187,950.75 839.71
LAST 12M 304,454.24 86,051.23
JK Tyre & Industries Limited - Credit Rating

Jun 27, 2024 l NSE Announcement

JK Tyre & Industries Limited - Trading Window

Jun 26, 2024 l NSE Announcement

Date Action Type Ratio
Feb 16, 2024 Dividend 50
Jul 27, 2023 Dividend 100
Aug 18, 2022 Dividend 75

JK Tyre & Industries Ltd Information

Stock PE (TTM)
13.94
Promoter Holding
53.13%
Book Value
172.087
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 Jun 28, 2024 03:59 PM the closing price of JK Tyre & Industries Ltd was Rs.429.75.

The latest PE ratio of JK Tyre & Industries Ltd as of Jun 28, 2024 03:59 PM is 13.94

The latest PB ratio of JK Tyre & Industries Ltd as of Jun 28, 2024 03:59 PM is 0.40

The 52-week high of JK Tyre & Industries Ltd share price is Rs. 553.95 while the 52-week low is Rs. 208.05

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 Jun 28, 2024 03:59 PM, the market cap of JK Tyre & Industries Ltd stood at Rs. 11,204.61 Cr.

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