1. Is JK Tyre & Industries Ltd a good quality company?
Past 10 year’s financial track record analysis by Moneyworks4me indicates that JK Tyre & Industries Ltd is a below average quality company.
2. Is JK Tyre & Industries Ltd undervalued or overvalued?
The key valuation ratios of JK Tyre & Industries Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
3. Is JK Tyre & Industries Ltd a good buy now?
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of JK Tyre & Industries Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘ
Value Creation Index Colour Code Guide ⓘ
|ROCE % ⓘ||9.8%||11.4%||12.4%||15.6%||9.3%||4.8%||7.5%||8.9%||8.5%||6.8%||-|
|Value Creation Index ⓘ||-0.3||-0.2||-0.1||0.1||-0.3||-0.7||-0.5||-0.4||-0.4||-0.5||-|
Growth Parameters ⓘ
Growth Parameters Colour Code Guide ⓘ
|YoY Gr. Rt. %||-||9.6%||2.9%||-4.9%||2.6%||7.9%||17.9%||-19.9%||0.7%||30.9%||-|
|Adj EPS ⓘ||6.2||9.1||11.5||19.1||10.3||2.3||6.9||9.5||9.8||7.3||5.8|
|YoY Gr. Rt. %||-||47.7%||25.3%||66.8%||-45.9%||-78.2%||205.3%||38.3%||3.3%||-25.4%||-|
|BVPS (₹) ⓘ||35.1||40.5||48.1||62.6||73.8||72.5||81||87.2||96.9||102.3||105.4|
|Adj Net Profit ⓘ||127||188||260||433||235||51.1||169||234||242||180||143|
|Cash Flow from Ops. ⓘ||-101||563||587||815||164||495||262||783||1,253||73.3||-|
|Debt/CF from Ops. ⓘ||-23.3||4.2||4.4||3.2||20.6||7.1||12.7||4.1||1.9||38.5||-|
CAGR Colour Code Guide ⓘ
|9 Years||5 Years||3 Years||1 Years|
|Adj EPS ⓘ||1.9%||-6.7%||2.1%||-25.4%|
Key Financial Parameters ⓘ
Performance Ratio Colour Code Guide ⓘ
|Return on Equity % ⓘ||18||23.6||26.8||34.5||15.2||3.1||9.3||11.3||10.6||7.3||5.6|
|Op. Profit Mgn % ⓘ||9||11||12.3||17.2||12.5||7.6||9.6||10.7||13.9||8.7||7.3|
|Net Profit Mgn % ⓘ||2.3||3.2||4.2||7.4||3.9||0.8||2.2||3.8||3.9||2.3||1.5|
|Debt to Equity ⓘ||3.3||2.9||2.4||1.8||2||2.1||1.7||1.5||1||1.1||-|
|Working Cap Days ⓘ||127||129||136||144||154||166||149||193||184||156||0|
|Cash Conv. Cycle ⓘ||34||45||44||43||59||73||70||95||76||68||0|
Sales growth is good in last 4 quarters at 19.58%
Return on Equity has declined versus last 3 years average to 5.60%
Sales growth has been subdued in last 3 years 1.81%
Net Profit has been subdued in last 3 years 2.14%
Debt to equity has increased versus last 3 years average to 1.12
|TTM EPS (₹)||5.8||7.9|
|TTM Sales (₹ Cr.)||9,388||14,324|
|BVPS (₹.) ⓘ||105.4||121.3|
|Reserves (₹ Cr.) ⓘ||2,552||2,944|
|From the Market|
|52 Week Low / High (₹)||96.40 / 213.50|
|All Time Low / High (₹)||2.56 / 213.50|
|Market Cap (₹ Cr.)||4,127|
|Equity (₹ Cr.)||49.3|
|Face Value (₹)||2|
|Industry PE ⓘ||44|
The flagship company of JK Organisation, JK Tyre & Industries Limited is one of India’s foremost tyre manufacturers and is also amongst the top 25 manufacturers in the world. The company offers a wide range of products catering to diverse business segments in the automobile industry. The company is also respected as one of ‘greenest’ tyre companies in the world, especially in the area of raw water consumption per unit of production, green-house gas emissions and energy consumption.
For the past few decades, the company has been at the forefront in driving innovation and excellence in the tyre industry through introduction of ground-breaking technologies and products that cater to diverse business segments in the automobile industry. Pioneers of radial technology, the company produced the first radial tyre in 1977 and is currently the market leader in Truck Bus Radial segment. In 2019, the company achieved a remarkable feat by entering the coveted Limca Book of Records with the country’s largest off-the-road tyre - VEM 045. The company provides end-to-end solutions across segments of passenger vehicles, commercial vehicles, farming, Off-the-Road and two & three-wheelers.
JK Tyre’s unwavering commitment towards innovation is reflected through the concerted efforts at its state-of-the-art global research and technology centre – the Raghupati Singhania Centre of Excellence - in Mysore. The Centre houses some of the world’s finest technologies and techniques, thereby, adding to the larger efforts of the company to put India on the global innovation map. The Hari Shankar Singhania Elastomer and Tyre Research Institute (HASETRI) - which fulfils need for globally competitive technologies for tyres and polymers and the JK Tyre Tech Centre, a hub for new product development catering to current and emerging needs of customers.
Business area of the company
The company is engaged in the manufacture and marketing of automotive tyres, tubes and flaps. The Company’s tyre products comprise Truck/Bus Radial & Bias , Passenger car radials, 2/3 wheeler tyres, LCV & SCV Bias & Radial, Off-Highway Tyres (OTR and Farm), as well as speciality tyres for Racing, Military/ Defence, Industrial and Farm applications.
• Great Place to Work: Recognition of a high trust and high performance culture.
• Frost & Sullivan and Teri Sustainability 4.0 Award: For Vikrant Tyre Plant (Mysuru) for commitment towards environment and sustainability.
• 5 Exhibit Innovative Tech Award 2019: Awarded the Editor’s Choice Innovative Tech Award 2019 for Treel.
• ICONIC IDC Insights Awards 2019.