JK Tyre & Industries Ltd.
Snapshot View

162.00 +4.70 ▲3.0%

05 August 2021, 04:00:00 P.M.
Volume: 695,581

Overview View Details

Sector Automobile & Ancillaries Compare with Sector peers
Industry Tyres & Allied Compare with Industry peers
Website http://www.jktyre.com
Financial Indicators
Market Cap 3,873.21 Cr.
Earnings per share (EPS) 12.97 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) 12.13 Trailing Twelve Months Ending 2021-03
Industry PE 30.02 Trailing Twelve Months Ending 2021-03
Book Value / Share 108.55 Trailing Twelve Months Ending 2021-03
Price to Book Value 1.45 Calculated using Price: 157.30
Dividend Yield 1.27 Period Ending 2020-03
No. of Shares Subscribed 24.62 Cr. 246,230,880 Shares
FaceValue 2
Company Profile

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.

Awards

2009-10:

  • CII Energy Management Award 2009.
  • Golden Peacock Environment Award, 2009.
  • Golden Peacock National Quality Award.
  • Capexil Top Export Award for the year 2009.
  • Export Excellence Award, 2009, Federation of Karnataka, Chambers of Commerce & Industry.

2012-13:

  • ‘Greentech Environment ‘Gold’ Award’ in Rubber Sector.
  • Award for ‘Water Efficiency Unit’ by CII.
  • Award for Organization with Innovative HR Practices from Asia Pacific HRM Congress.

2013-14:

  • Gold award for Quality Circle in GCCQC 2013 by Quality Circle Forum of India.
  • Manufacturing Excellence Award for Reducing Cost and High Quality Standard by World Brand Congress.
  • ‘Golden Peacock Award’ for HR Excellence for adopting best HR Practices & innovative strategies in business at the Global Convention, London, UK.
  • ‘Greentech Environment ‘Gold’ Award’ in Rubber Sector.

2014-15:

  • Asia’s Most Promising Brand 2014 by World Consulting and Research Council (WCRC).
  • Greentech Environment Award 2015 - Gold Category.
  • General Motors Quality Excellence Award 2014 for Exceptional Quality Performance.
  • IEI Industry Excellence Award 2014 for Business Excellence and Industry Practices.

2015-16:

  • Ranked No.1 in ‘Customer Satisfaction with Original Tyre’ by JD Power Asia Pacific Study 2015.
  • The ‘Brand of the Year’ award by the World Branding Forum, a global non-profit organization dedicated to advancing branding standards.
  • The ‘National Energy Conservation’ award 2015, in the tyre sector (Chennai plant) by the Ministry of Power, Government of India.
  • The TPM Consistency award for ‘Manufacturing Excellence’ at the Mysuru plant.

2016-17:

  • Awarded ‘Super Brand’ for 2016-17 by Super Brand Council of India for six times consecutively, since 2004.
  • FICCI Corporate Social Responsibility Award 2015-16 in recognition of commendable work done as a socially responsible company.
  • CII National HR Excellence Award, 2016 for significant achievement in HR excellence.
  • Platinum Category Award, 2016 by Indian Green Building Council (IGBC) for the Chennai tyre plant.

2017-18:

  • Certified as Great Place to Work for the year 2018.
  • Best Supplier Quality Excellence Award 2016 from General Motors.
  • National Award for Excellence in Energy Management 2017.
  • UCCI PP Singhal Excellence Award in CSR - Large Enterprises Category 2018.

2018-19:

  • Awarded at ‘National Water Awards for Excellence in Water Management 2018’ by Confederation of Indian Industries (CII) as ‘Noteworthy Project in Water Management’ under ‘Beyond the fence’ category.
  • Awarded at UCCI Excellence Award 2019 for outstanding achievement in the Corporate Social Responsibility category.
  • 7th ACEF Asian Award for Excellence in CSR, 2018 for sustainable community development.

2019-20:

• 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.

Milestones

  • 1976: First tyre plant commissioned in Kankroli, Rajasthan.
  • 1991: Second tyre plant commissioned in Banmore, Madhya Pradesh.
  • 1997: Acquired Vikrant Tyres, Mysuru.
  • 1999: Launched allsteel truck radial tyres in Mysuru.
  • 2008: Acquired Tornel plant in Mexico.
  • 2010: Commissioned a new OTR plant in Mysuru.
  • 2011: Launched ‘New Jet Xtra’, a Truck Tyre for rear wheel fitment.
  • 2012: Inaugurates its Steel Wheels Showroom in Allahabad.
  • 2012: Inaugurates state-of-the-art Steel Wheels Showroom in the National Capital.
  • 2012: Inaugurates its largest Truck Wheels Centre in Vijayawada.
  • 2012: Commissioned a greenfield plant in Chennai.
  • 2013: Launches Fix-a-tyre, India’s first On-Road Tyre Assistance Service to Chennai.
  • 2013: Inaugurates its exclusive Truck Wheels Centre in the Puducherry.
  • 2016: Acquired Cavendish Industries.
  • 2017: Ties up with Suzuki.
  • 2017: Strengthens presence in two-wheeler tyres with BLAZE.
  • 2019: Launched the next generation of fuel-efficient tyres - the XF Series.
  • 2019: Launch of TREEL Sensors, a one of a kind technology-based tool geared towards smart monitoring and maintenance of tyres.
  • 2019: Strengthens presence in Gujarat:Opens 5th XpressWheel with modern FARM Tyres Facilities in Deesa.
  • 2020: Launches smart range of tyres on Amazon.in.
  • 2021: Ties-up with Hyundai Motor India to drive growth in the OEM segment - Becomes Tyre Partner for top-end variants of Hyundai Creta.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+2.99%
1 Week
+15.22%
1 Month
+11.96%
3 Month
+37.52%
6 Month
+22.96%
1 Year
+135.98%
2 Year
+185.21%
5 Year
+58.05%
9 years 2012-03 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) -5.13 24.62 26.04 26.12 28.98 20.44 3.21 8.30 6.46
Return on Capital Employed (%) 6.28 15.43 17.62 18.18 20.20 15.90 7.44 10.01 6.69
Return on Assets (%) -0.81 3.68 4.41 5.00 6.55 4.35 0.60 1.62 1.33

Balance Sheet View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 755 906 1,097 1,401 1,751 1,965 1,961 2,284 2,331
Non Curr. Liab. 1,686 1,848 1,918 2,234 2,445 4,419 3,950 4,209 4,053
Curr. Liab. 2,699 2,808 3,028 3,269 2,856 3,867 4,482 4,639 4,734
Minority Int. 145 142 136 95
Equity & Liab. 5,141 5,563 6,043 6,904 7,052 10,395 10,535 11,269 11,213
Non Curr. Assets 2,812 3,081 3,200 3,934 4,282 6,337 6,760 6,823 7,008
Curr. Assets 2,328 2,481 2,842 2,970 2,770 4,058 3,774 4,446 4,205
Misc. Exp. not W/O
Total Assets 5,141 5,563 6,043 6,904 7,052 10,395 10,535 11,269 11,213

Profit Loss View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 6,783 6,985 7,652 7,384 6,898 7,689 8,397 10,368 8,725
Other Income 4 14 18 17 24 65 146 84 28
Total Income 6,787 6,999 7,670 7,401 6,922 7,755 8,543 10,452 8,753
Total Expenditure -6,454 -6,367 -6,780 -6,453 -5,782 -6,557 -7,535 -9,256 -7,737
PBIDT 333 632 890 948 1,141 1,198 1,008 1,196 1,016
Interest -188 -233 -276 -257 -252 -440 -466 -521 -549
Depreciation -121 -133 -179 -158 -216 -291 -299 -316 -378
Taxation -15 -67 -119 -162 -203 -155 -44 -94 166
Exceptional Items -47 -2 -60 -47 -13 69 -11 -89 -106
PAT -38 197 256 324 457 380 63 176 149

Cash Flow View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. 360 -15 655 734 903 106 637 797 1,346
Cash Fr. Inv. -612 -203 -228 -800 -506 -835 -394 -261 -426
Cash Fr. Finan. 240 252 -335 -1 -422 830 -409 -522 -963
Net Change -12 33 92 -67 -25 100 -166 14 -43
Cash & Cash Eqvt 104 140 236 163 132 260 95 109 65

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 56.23 56.23 56.23 56.23 56.23 56.23 56.23 56.23 56.23
Public 43.77 43.77 43.77 43.77 43.77 43.77 43.77 43.77 43.77
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 35.39 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Tue, 03 Aug 2021
Intimation Of Book Closure.
The Book Closure from 21st August 2021 to 27th August 2021 (both days inclusive) is for the purposes of payment of Dividend for the financial year ended 31st March 2021 at the rate of Rs. 2/- per Equity Share of Rs. 2/- each as recommended by the Board of Directors if declared at the Annual General Meeting of the Company to be held on 27th August 2021.
Mon, 02 Aug 2021
Notice Of 68Th Annual General Meeting Of The Company.
Notice of 68th Annual General Meeting scheduled to be held on Friday 27th August 2021 through VC/OAVM at 12.15 P.M.
Mon, 02 Aug 2021
Reg. 34 (1) Annual Report
We are submitting herewith the Annual Report of the Company for the financial year 2020-21 along with the Notice of the 68th Annual General Meeting scheduled to be held on Friday 27th August 2021 through VC/OAVM at 12.15 P.M.

Technical Scans View Details

Wed, 04 Aug 2021
Higher Delivery Quantity Higher Delivery Quantity
Higher Trade Quantity Higher Trade Quantity
Higher Trade and Delivery Quantity Higher Trade and Delivery Quantity
Making Higher Highs for 3 days Making Higher Highs for 3 days
Close Within 52 Week High Zone Close Within 52 Week High Zone

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