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JK Tyre & Industries Ltd (JKTYRE)

₹460.40.8%

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Overview
News
Financials
Q3 '23 Results
Technicals

Analyst Rating

based on 6 analysts

BUY

66.67%

Buy

16.67%

Hold

16.67%

Sell

Based on 6 analysts offering long term price targets for JK Tyre & Industries Ltd. An average target of ₹532.33

Source: S&P Global Market Intelligence

JK Tyre & Industries Ltd Share analysis

Source: S&P Global Market Intelligence

Performance

  • Day's Low

    Day's High

    ₹456.1
    ₹466.7
  • 52 Week's Low

    52 Week's High

    ₹240.5
    ₹553.95
1 Month Return+ 12.13 %
3 Month Return+ 10.18 %
1 Year Return+ 82.7 %
Previous Close₹456.75
Open₹461.40
Volume17.16L
Upper Circuit-
Lower Circuit-
Market Cap₹11,908.55Cr

Key Statistics

P/E Ratio15.27
PEG Ratio0.79
Market Cap₹11,908.55 Cr
P/B Ratio1.43
EPS6.05

Mutual Fund Holdings

Funds HoldingsPrev. 6M
HDFC Hybrid Equity Fund Direct Growth OptionHDFC Hybrid Equity Fund Direct Growth Option0.56%
Nippon India Small Cap Fund - Direct Plan - Growth PlanNippon India Small Cap Fund - Direct Plan - Growth Plan0.16%
ICICI Prudential Equity & Debt Fund Direct Plan GrowthICICI Prudential Equity & Debt Fund Direct Plan Growth0.16%
Kotak ELSS Tax Saver-Scheme-Growth - DirectKotak ELSS Tax Saver-Scheme-Growth - Direct0.58%
Kotak India EQ Contra Fund - Growth - DirectKotak India EQ Contra Fund - Growth - Direct0.75%

Company Information

JK Tyre & Industries Ltd is a leading tyre and rubber manufacturing company in India. Established in 1976, the company has grown to become one of the largest tyre manufacturers in the country.

The company has operations in various lines of business including tyre manufacturing, retreading, rubber chemicals, and allied products. JK Tyre offers a wide range of tyre products for passenger cars, light trucks, and heavy-duty trucks, agricultural and off-road vehicles.

The company's popular brands include JK Tyre, JK Tornel, JK Elanzo, JK Super Grip, and JK Super Trac. Some of JK Tyre's top products include JK Supermaxx, JK Supermaxx ST, JK Supermaxx HT, JK Supermaxx LT, JK Supermaxx SUV, and JK Supermaxx AT.

Share Price: ₹460.40 per share as on 11 Jul, 2024 04:01 PM
Market Capitalisation: ₹11,908.55Cr as of today
Revenue: ₹3,698.45Cr as on March 2024 (Q1 24)
Net Profit: ₹174.90Cr as on March 2024 (Q1 24)
Listing date: 03 Nov, 1994
Chairperson Name: Raghupati Singhania
OrganisationJK Tyre & Industries Ltd
Headquarters
IndustryTyres
E-voting on sharesClick here to vote

Key events for JK Tyre & Industries Ltd

  • JK Tyre to Invest Rs 1,400 Crore in Capacity Expansion and Premiumisation - 02 Jul, 2024

    JK Tyre & Industries is investing Rs 1,400 crore to expand its capacity for truck and bus radials and passenger car radials. The company aims to have premium tyres contribute to two-thirds of its sales by FY26 and is launching green tyres that are 80% sustainable. JK Tyre is also evaluating new markets to expand its presence.

  • Axis Securities Gives Buy Call on JK Tyre & Industries - 01 Jul, 2024

    Axis Securities has given a buy call on JK Tyre & Industries with a target price of Rs 485. The company reported a consolidated total income of Rs 3714.08 crore for the quarter ended March 31, 2024, and net profit after tax of Rs 174.90 crore in the latest quarter. Promoters held 53.13% stake in the company as of March 31, 2024.

  • JK Tyre Shows Positive Momentum - 29 Jun, 2024

    JK Tyre & Industries Ltd shows positive momentum as technical analysis predicts a target of 450-455 with a stop loss at 420. The company's P/E ratio of 14.3x is lower than the market average, but EPS is expected to grow by 30% in the coming year.

  • JK Tyre Stock Surges on Positive Demand Outlook and Price Hike - 28 Jun, 2024

    JK Tyre & Industries Ltd's stock surged by over 9% due to an improving demand outlook and domestic tyre companies' price hike. Emkay Global Financial Services reiterated its buy rating on the stock with a target price of Rs 700 per share. The stock has turned positive for 2024 and is expected to reach near-term targets of Rs 450-460.

  • JK Tyre Launches New Tyre Models to Tap Demand Growth - 24 Jun, 2024

    JK Tyre & Industries has launched four new tyre models to tap into the expected demand growth in medium and heavy vehicles once infrastructure and transport projects restart. Anuj Kathuria, President (India), JK Tyre & Industries, expects demand to come back despite it being slow currently.

  • JK Tyre Introduces New CV Tyres, Plans Price Hikes - 22 Jun, 2024

    JK Tyre & Industries is set to strengthen its position in the commercial vehicle tyre segment with a new range of tyres while focusing on energy efficiency and lightweight options for e-commerce vehicles. The company also plans to pass on recent price hikes due to increased raw material costs. Earlier this year, JK Tyre announced an investment of Rs 1,400 crore in its PCR and TBR spaces.

  • JK Tyre Launches Next-Gen Tyres for Commercial Vehicles - 21 Jun, 2024

    JK Tyre & Industries has launched four new variants of its Triuck & Bus Radial range, including two cutting-edge X-Series products. The JETWAY JUXe tyre is set to redefine performance and sustainability standards in the electric vehicle segment and will be deployed on TATA Motors EV buses.

  • JK Tyre Receives International Sustainability & Carbon Certification - 19 Jun, 2024

    JK Tyre's Chennai plant has received the prestigious International Sustainability & Carbon Certification (ISCC) Plus, making it the first Indian tyre manufacturer to do so. The company aims to become carbon-neutral by 2050 and reduce its carbon intensity by 50% by 2030.

  • JK Tyre's Chennai Plant Receives International Sustainability and Carbon Certification - 18 Jun, 2024

    JK Tyre & Industries Ltd's Chennai plant has been awarded the International Sustainability and Carbon Certification for its commitment to sustainable development and green manufacturing. The recognition is a significant milestone for the company, which aims to continue its dedication to sustainable practices.

  • JK Tyre Achieves ISCC Plus for Chennai Plant - 17 Jun, 2024

    JK Tyre & Industries has become the first tyre manufacturer in India to achieve the International Sustainability and Carbon Certification (ISCC) Plus for its Chennai plant. The company aims to become a carbon-neutral brand by 2050.

  • JK Tyre & Industries Receives Credit Rating Upgrade - 14 Jun, 2024

    India Ratings and Research has upgraded JK Tyre & Industries' credit ratings for bank facilities, including long-term loans, fund-based and non-fund based limits, and term deposits.

  • JK Tyre Outlook Revised to Stable by CARE Ratings - 13 Jun, 2024

    Domestic rating agency CARE Ratings has revised the outlook for JK Tyre & Industries to Stable from Positive and upgraded its long-term rating for bank facilities to CARE AA-. The short-term bank facilities rating of CARE A1+ was reaffirmed.

  • Public Companies Hold Majority Stake in JK Tyre & Industries - 12 Jun, 2024

    JK Tyre & Industries' largest shareholders are public companies, collectively owning 53% of the company. The surge in market cap by ₹8.6b last week indicates their greater say in management and business strategy.

  • JK Tyre Partners with EKA Mobility for EV Tyres - 10 Jun, 2024

    JK Tyre has partnered with EKA Mobility, Mitsui Co., Ltd., and VDL Groep to develop next-generation EV tyres equipped with Connected Treel Sensors for real-time monitoring. The collaboration aims to meet the demands of electric vehicles.

  • JK Tyre to Introduce Smart Tyres in FY25, Announces Investment of Rs 1,400 Crore - 09 Jun, 2024

    Tyremaker JK Tyre & Industries will launch advanced smart tyres for passenger cars and commercial vehicles in FY25. The company also announced an investment of Rs 1,400 crore over the next two years for capacity expansion. The smart tyres will be equipped with embedded sensors that provide real-time alerts on tyre temperature and pressure during travel, helping determine their health.

  • JK Tyre & Industries Reports Strong Financial Performance and Plans for Expansion - 06 Jun, 2024

    JK Tyre & Industries saw a 22.21% increase in revenue and a 32.17% increase in net profit margin in FY 2023. The company plans to aggressively expand its distribution reach, focus on higher profit margin categories, and reduce debt while developing technologically advanced and eco-friendly tyre products. They also aim to increase sales in the EV-specific tyre range and expand their geographical footprint in key markets.

Insights on JK Tyre & Industries Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Best in 3 Years

    img

    In the last 3 years, JKTYRE has outperformed top 5 stocks with highest market-cap in Tires & Rubber Products

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 2 quarters, 3.70K Cr → 3.71K Cr (in ₹), with an average increase of 0.4% per quarter

  • imgPOSITIVE IMPACT

    Best in 1 Year

    img

    In the last 1 year, JKTYRE has outperformed top 5 stocks with highest market-cap in Tires & Rubber Products

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 12.21% to 15.29% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 1 month, JKTYRE stock has moved up by 12.1%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 53.13% of holdings in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 3 quarters, 242.11 Cr → 169.33 Cr (in ₹), with an average decrease of 16.1% per quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 28.77% to 26.26% in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 4.50% to 3.78% in Mar 2024 quarter

Company Financials

Value in ₹ crore
Q'1 24Q/Q Change
Revenue
₹3,698.45Cr
↑0.29%
Net Income
₹174.90Cr
↓22.95%
Net Profit Margin
4.73%
↓23.21%
2024Y/Y Change
Revenue
₹15,001.78Cr
↑2.44%
Net Income
₹811.48Cr
↑206.52%
Net Profit Margin
5.41%
↑198.90%
Value in ₹ crore
2024Y/Y Change
Total Assets
₹9,614.00Cr
↑17.14%
Total Liabilities
₹5,717.97Cr
↑7.53%
Value in ₹ crore
2023Y/Y Change
Operating Cash Flow
₹676.85Cr
↑823.15%

Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
53.13%
0.00
Foreign Institutions
15.29%
0.00
Mutual Funds
3.78%
0.00
Retail Investors
26.26%
0.00
Others
1.54%
0.00

Key Indicators

JK Tyre & Industries Ltd Valuation

JK Tyre & Industries Ltd in the last 5 years

  • Overview

  • Trends

Lowest (-26.23x)

July 7, 2020

Today (15.27x)

July 10, 2024

Industry (38.31x)

July 10, 2024

Highest (464.15x)

February 12, 2018

LowHigh

Earnings and Dividends

  • JK Tyre & Industries Ltd Earnings Results

    JK Tyre & Industries Ltd’s net profit jumped 56.24% since last year same period to ₹169.33Cr in the Q4 2023-2024. On a quarterly growth basis, JK Tyre & Industries Ltd has generated -23.35% fall in its net profits since last 3-months.

    Read More about Earnings Results
  • JK Tyre & Industries Ltd Dividends May,2024

    In the quarter ending March 2024, JK Tyre & Industries Ltd has declared dividend of ₹3.50 - translating a dividend yield of 0.99%.

    Read More about Dividends

Technicals Summary

Bearish

Neutral

Bullish

Bullish

JK Tyre & Industries Ltd is currently in a Bullish trading position according to technical analysis indicators.

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JK Tyre & Industries Ltd (JKTYRE) share price today is ₹460.4

JK Tyre & Industries Ltd is listed on NSE

JK Tyre & Industries Ltd is listed on BSE

  • Today’s highest price of JK Tyre & Industries Ltd is ₹466.7.
  • Today’s lowest price of JK Tyre & Industries Ltd is ₹456.1.

PE Ratio of JK Tyre & Industries Ltd is 15.27

PE ratio = JK Tyre & Industries Ltd Market price per share / JK Tyre & Industries Ltd Earnings per share

Today’s traded volume of JK Tyre & Industries Ltd(JKTYRE) is 17.16L.

Today’s market capitalisation of JK Tyre & Industries Ltd(JKTYRE) is ₹11908.55Cr.

JK Tyre & Industries Ltd(JKTYREPrice
52 Week High
₹553.95
52 Week Low
₹240.5

JK Tyre & Industries Ltd(JKTYRE) share price is ₹460.4. It is down -16.89% from its 52 Week High price of ₹553.95

JK Tyre & Industries Ltd(JKTYRE) share price is ₹460.4. It is up 91.43% from its 52 Week Low price of ₹240.5

JK Tyre & Industries Ltd(JKTYREReturns
1 Day Returns
3.65%
1 Month Returns
12.13%
3 Month Returns
10.18%
1 Year Returns
82.7%