JK Tyre & Industries Ltd

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Start SIP in JK Tyre & Industries Ltd
Stock Performance
52 Week Low - High
Today’s Low - High

Open

Prev. Close

Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
28.26% Fall from 52W High
-2.1
TTM PE Ratio
Low in industry
13.2
Price to Book Ratio
Below industry Median
2.2
Dividend yield 1yr %
Below industry Median
0.8
TTM PEG Ratio
PEG TTM is less than 1
0.1
RSI
RSI is mid-range
44.2
MFI
MFI is mid-range
40.8

JK Tyre & Industries Ltd Key Financials

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*All values are in ₹ Cr.

*All values are in ₹ Cr.

*All values are in ₹ Cr.

*All values are in ₹ Cr.

JK Tyre & Industries Ltd shareholding Pattern

Promoter
53.1%
Foreign Institutions
15.3%
Mutual Funds
3.8%
Domestic Institutions
5.3%
Public
26.3%
Promoter
53.1%
Foreign Institutions
12.2%
Mutual Funds
4.5%
Domestic Institutions
5.9%
Public
28.8%
Promoter
56.3%
Foreign Institutions
10.3%
Domestic Institutions
1.6%
Public
31.9%
Promoter
56.3%
Foreign Institutions
8.7%
Domestic Institutions
1.4%
Public
33.7%
Promoter
56.3%
Foreign Institutions
6.7%
Domestic Institutions
1.4%
Public
35.6%
Promoter
56.3%
Foreign Institutions
7.5%
Domestic Institutions
1.4%
Public
34.9%

JK Tyre & Industries Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
3
Bearish Moving Averages
13
5Day EMA
397.30
10Day EMA
399.60
12Day EMA
400.20
20Day EMA
401.90
26Day EMA
403.20
50Day EMA
409.90
100Day EMA
411.70
200Day EMA
381.10
5Day SMA
397.70
10Day SMA
401.80
20Day SMA
404.20
30Day SMA
401.50
50Day SMA
405.50
100Day SMA
443.50
150Day SMA
420.90
200Day SMA
388.60
Delivery & Volume
Resistance & Support
393.77
Pivot
Resistance
First Resistance
396.93
Second Resistance
399.72
Third Resistance
402.88
Support
First Support
390.98
Second support
387.82
Third Support
385.03
Relative Strength Index
44.23
Money Flow Index
40.79
MACD
-2.99
MACD Signal
-2.36
Average True Range
13.01
Average Directional Index
15.07
Rate of Change (21)
-2.56
Rate of Change (125)
1.15
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JK Tyre & Industries Ltd Company background

Founded in: 1951
Managing director: Raghupati Singhania
JK Tyre Industries Ltd is one of the leading automotive tyre manufacturers in India. The company mainly develops, manufactures, markets and distributes automotive tyres, tubes, flaps and retreads. It markets tyres for sale to vehicle manufacturers for fitment as original equipment and for sale in replacement markets. The company has manufacturing plants located in India and Mexico with worldwide distribution.The flagship company of JK Organisation, JK Tyre lndustries Ltd is amongst the top 25 manufacturers in the world. Pioneers of radial technology, the Company produced the first radial tyre in 1977 and is currently the market leader in Truck Bus Radial segment. The Company provides endtoend solutions across segments of passenger vehicles, commercial vehicles, farming, OfftheRoad and two threewheelers.A global force, JK Tye is present in 105 countries with over 180 Global distibutors. The Company has 12 globally benchmarked sustainable manufacturing facilities 9 in India and 3 in Mexico that collectively produce around 35 million tyres annually. The Company also has a strong network of over 4000 dealers and over 550 dedicated Brand shops called as Steel Wheels and Xpress Wheels.JK Tyre Industries Ltd was incorporated in the year February 14, 1951as a private limited under the name JK Industries Pvt., Ltd. Until March 31, 1970, the company was engaged in the managing agency business. Thereafter the company decided to undertake manufacturing activities and obtained a letter of intent in February 1972 for the manufacture of automobile tyres and tubes. The company name was changed into JK Industries Ltd., with effect from May 24, 1974 consequent upon conversion of the company into a public limited company.In the year 1974, the company entered into a technical collaboration with General Tire International Co, USA, a subsidiary of General Tire Rubber Co, USA for technical services and sales agreement for the supply of technical know how engineering and documentation for operational facilities. In the year 1989, the company introduced several new patterns and sizes of tyres including a semilug Nylon Truck tyre.In the year 1991, the company set up Banmore Tyre Plant with a capacity of 5.7 lakh tyres per annum. They launched radial tyres for tractors. In the year 1992, the companys international division expanded their activities by opening their office in Moscow. In addition, they set up a Research and Development center at HASETRI. In the year 1993, they introduced new radial tyres namely, Brute and Ultima and in the next year, they launched Jet Track39 to meet the need of the heavy load market.In June 1997, the company acquired 51% stake in Vikrant Tyres Ltd from Karnataka Government. They launched Indias first HRated tyre. During the year 199899, as per the Scheme of Arrangement between the company and JK Drugs Pharmaceuticals Ltd, the pharmaceutical undertaking of the company was transferred to and vested in JK Drugs Pharmaceuticals Ltd with effect from appointed date July 1, 1996.During the year 200203, as per the Scheme of Arrangement and Amalgamation between the company, JK Agri, J K Sugar and Vikrant Tyres Ltd, the agrigenetics undertaking of the company was transferred to JK Agri, the sugar undertaking was transferred to J K Sugar and Vikrant Tyre Ltd was amalgamated with the company. During the year 200405, the expansion of capacity of Truck/ Bus Radials by 50% was completed. In addition, the expansion of the passenger radial capacity was completed.In December 2006, as per the Scheme of Arrangement and Demerger between the company and Netflier Technologies Ltd (name since changed to Netflier Finco Ltd), the business of holding and dealing in investments and some other assets and properties of the company and liabilities and obligations thereof stood transferred to and vested in Netflier Finco Ltd. In addition, Hansdeep Investment Ltd, Hidrive Finance Ltd, Panchanan Investment Ltd and Radial Finance Ltd ceased to be the subsidiaries of the company.During the year 200607, the company introduced a new tyre, offering high mileage Jet One and launched new SemiLug and Rib pattern Truck Radial tyres. They also diversified into Special Application Tyres and commenced their exports. In order to capture the brand JK Tyre and their value in the name of the company, they changed their name to J K Tyre Industries Ltd with effect from April 2, 2007. The company entered into an arrangement with BEML for supply of OTR tyres on a longterm basis. In June 2008, the company acquired the controlling interest in Empresas Tornel, S A de C V (Tornel), a company incorporated under the laws of Mexico, by acquiring 100% of their equity capital for a consideration of USD 28.75 million. Tornel has three tyre manufacturing plants in Mexico with a combined capacity of 6.6 million tyres per annumDuring the year 200809, the company doubled the capacity of Truck/Bus Radial plant to 8.00 lakh tyres from 3.67 lakh tyres per annum at an estimated project cost of Rs 315 crore. This has further strengthened JK Tyres commanding position in the fast growing Truck/Bus segment.The company has undertaken a project for substantial expansion of their OTR tyre capacity at a capital outlay of Rs 120 crore, which is expected to be completed by 2010.In order to infuse additional liquidity in the companys stock and attract small investors to invest, each equity share of a face value of Rs. 10 (fully paidup) was subdivided into five equity shares of a face value of Rs. 2 each (fully paidup). For the purpose, 19th December 2014 was fixed as the record date. Consequently, 4,10,59,346 equity shares of Rs. 10 each as on the record date, were subdivided into 20,52,96,730 equity shares of Rs. 2 each.As per the terms of 43,03,350 warrants issued to the promoter group on a preferential basis, the holders of warrants exercised the option of converting the said warrants into equity shares by paying the balance 75% of the total consideration of the issue value, amounting to Rs. 37.11 crores. Accordingly, 43,03,350 warrants were converted into 2,15,16,750 equity shares of Rs. 2 each on 8th January 2015.The Company expanded its Truck/Bus and Passenger Line Radial capacities at its AllRadial Chennai plant. This C 1,430 crores project was completed in phases during the year 2016. The benefits of this expanded capacity will start accruing during the current year and strengthen the Companys leadership in this fastgrowing segment.During the year 2017, the Company completed the acquisition of its subsidiary, Cavendish Industries Ltd. (CIL). Consequent to this acquisition, the Company strengthened its leadership in the Truck/Bus Radials and entered the growing 2/3 Wheeler Tyre segment, participating in the entire range of product portfolio in the automotive tyre market. This substantial capacity acquisition makes the Company futureready to capture growth in the Countrys automotive sector.During FY 201718, the Company launched Jet XtraXLM designed to cater to both load and mileage needs in the bias segment, Jet Steel JDE with extra mileage and load capability in the radial segment and Jet WayJUM a superior product for universal application in buses and select application in trucks in the truck radial tubeless segment. The Company further engaged with its fleet customers from across the country by organizing Regional Fleet Meets and showcasing the stateoftheart Chennai tyre plant.During FY 201718, the Company launched special premium White lettered tyres in Ranger SUV tyres, which delighted customers. JK Tyre further introduced a new flagship product BLAZE RYDR for highend, highspeed motorcycles. New and innovative patterns launched in scooter tyre range were highly appreciated by customers. In FY 2018, JKTyre in partnership with Suzuki launched the exciting Suzuki Gixxer Cup, a twowheeler racing platform, which also marked its entry into the twowheeler tyre business.In FY 2018, the Company introduced a new flagship product BLAZE RYDR for highend, highspeed motorcycles.With a view to augment the net worth of the Company as also long term equity finance, the Company made Preferential Issue of 1,94,17,400 equity shares of Rs 2/ each to the constituents of the Promoter Group, at a price of Rs 103/ per equity share based on a price prescribed under relevant SEBI Regulations, aggregating to Rs 200 Crore. The equity allotment was completed on 29 March 2019.As on 31 March 2019,the company has 15 subsidiaries and 4 associate companies.During the year, the company bagged National Water Awards for Excellence in Water Management 2018 by CII. The company also received Gold Medal in the National Awards for Manufacturing Competitiveness (NAMC) and Special Award for Strategic Improvement Initiatives. The company Certified as Great Place to Work by Great Place of Work Institute for the year 2019. During the FY2020, as per the Scheme of Arrangement sanctioned by the Honble Benches of National Company Law Tribunal, Kolkata and Chennai vide their respective Orders dated 5th November, 2018 and 3rd May, 2019, which became effective on 24th May, 2019 BMF Investments Ltd. and Florence Investech Ltd. were merged into Bengal Assam Company Ltd. (BACL). As a result, JK Tyre Industries Ltd. has become a subsidiary of BACL effective 24th May 2019.During the FY2020,Treel Mobility Solutions Pvt. Ltd. has become an associate of the Company. The Company has one material unlisted subsidiary incorporated in India, namely Cavendish Industries Ltd.(CIL). The Company consolidated its shareholding in Cavendish Industries Limited, a subsidiary, by further acquiring 76,70,000 Equity Shares of Rs 10 each, thereby raising its shareholding to 86.41% together with another subsidiary.As on 31 March 2020,the company has 15 subsidiaries and 5 associate companies.JK Tyre is recognized as One of Indias 30 Best Workplaces in Manufacturing 2020 Certified by Great Place to Work. The company was awarded Vedanta Hindustan Zinc CSR Award 2020 by Udaipur Chamber of Commerce and Industry.COVID19 pandemic has caused serious disruptions on the global economic and business environment. Government of lndia declared lockdown on March 24, 2020 which has impacled the business activities of the Company. Consequent to this, upon restrictions being eased, the production resumed at all plants in stages considering necessary statutory approvals and precautions.
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JK Tyre & Industries Ltd FAQs

The past 1-year return of JK Tyre & Industries Ltd [JKTYRE] share was 103.38. The JK Tyre & Industries Ltd [JKTYRE] share hit a 1-year low of Rs. 190.8 and a 1-year high of Rs. 554.35.

The Mutual Fund Shareholding was 3.78% at the end of .

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