SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

CARE upgrades rating for JK Tyre & Industries’ Long-term Bank facilities

13 Jun 2024 Evaluate

Credit rating agency -- CARE Ratings (CARE) has upgraded rating for JK Tyre & Industries’ Long-term Bank facilities to ‘AA- ‘from ‘A+’. The outlook has been revised from Positive to Stable. While rating for its short-term bank facilities reaffirmed to ‘A1+’. 

The revision in long term ratings takes into account the improved operational and financial performance in FY24 as characterized by increasing scale of operations, significant improvement in profitability margins, better improved net leverage and coverage indicators, and better working capital management as well. The improvement in the credit risk profile of the company is driven by increasing share of premium products in total sales mix and healthy capacity utilization levels.

JK Tyre & Industries is a one of the leading tyre manufacturers in India and amongst the top 25 manufacturers in the world with a wide range of products catering to diverse business segments that includes Truck/Bus, LCV (Light commercial vehicles), Passenger Cars, MUV (Multi utility vehicles) and Tractors.

JK Tyres & Inds. Share Price

420.95 -7.35 (-1.72%)
20-Apr-2026 14:59 View Price Chart
Peers
Company Name CMP
MRF 139775.00
Apollo Tyres 442.30
CEAT 3796.50
Balkrishna Inds. 2289.50
JK Tyres & Inds. 420.95
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×