JK Tyre & Industries Ltd logo

JK Tyre & Industries Ltd

JKTYRE NSE

JK Tyre & Industries is the flagship company of the JK group which is headed by Dr R P Singhania as its chairman and managing director. It 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. [1]

AI Verdict: BUY Confidence: 6%

JK Tyre trades at a reasonable PE of 14.9x with strong profit CAGR of 44% over 3 years and consistent ROE of 16%. While promoter holding decline of 4.54% is a concern, the valuation and growth trajectory support a buy with moderate confidence.

Key Fundamentals

MicrocapTyresAutomobiles
Market Cap
₹11,791 Cr
Volatility
Moderate
P/E Ratio
14.34
EBITDA
₹1,886 Cr
Return on Equity
17.62%
Debt to Equity
1.02
Book Value
₹210.23
EPS
₹33.21
52W High
₹611.9
52W Low
₹311

Technical Indicators

Key Insights

Strengths

1
  • Company has delivered good profit growth of 24.4% CAGR over last 5 years

Weaknesses

1
  • Promoter holding has decreased over last 3 years: -4.54%

Growth Rate

Revenue Growth
10.52% ↗
Net Income Growth
83.81% ↗
Cash Flow Change
-55.66% ↘
ROE
-41.26% ↘
ROCE
-30.83% ↘
EBITDA Margin (Avg.)
1.32% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 2d ago
BUY
Risk medium

JK Tyre trades at a reasonable PE of 14.9x with strong profit CAGR of 44% over 3 years and consistent ROE of 16%. While promoter holding decline of 4.54% is a concern, the valuation and growth trajectory support a buy with moderate confidence.

Bull Case 8
  • Compounded profit growth of 44% CAGR over 3 years indicates strong earnings momentum
  • TTM profit growth of 71% shows accelerating earnings in the most recent period
  • PE ratio of 14.9x is attractive for a company delivering 16% ROE consistently
  • Stock CAGR of 28% over 3 years demonstrates sustained investor confidence and wealth creation
  • 5-year compounded profit CAGR of 24.4% reflects durable long-term earnings improvement
  • ROE has improved from 13% (10-year average) to 16% (last year and 3-year average), showing improving capital efficiency
  • 60% of analysts rate the stock a Buy out of 5 total ratings, indicating positive consensus
  • 5-year stock CAGR of 23% significantly outperforms typical market returns of 12-14%
Bear Case 8
  • Promoter holding has decreased by 4.54% over last 3 years, signaling potential lack of insider confidence
  • Dividend yield of only 0.75% offers limited income return to shareholders despite strong profits
  • 3-year compounded sales CAGR of only 4% suggests revenue growth is lagging far behind profit growth, raising sustainability concerns
  • Price-to-book ratio of 1.91x means the stock is not available at deep value levels
  • 20% of analysts rate the stock a Sell, indicating divided opinion on the street
  • 10-year compounded profit CAGR of only 6% shows the recent surge may be cyclical rather than structural
  • TTM sales growth of 11% while profit grew 71% suggests margin expansion that may not be repeatable
  • Market cap of Rs 11,918 Cr places it in the mid-cap segment with higher volatility risk

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 14h ago
Headwinds 3
  • Raw material costs rising FY27 May 26

    Input costs expected to rise 1-2% in FY27, with every 100bps rate hike adding Rs 62-66 crore to annual interest costs. Company plans 6% additional price hikes to offset but margin pressure remains a risk.

  • Rs 4,980 cr capex execution risk May 26

    Large expansion funded 40-50% by debt could push leverage above target 1.5-1.8x Net Debt/EBITDA range. Industry-wide capacity additions risk potential oversupply and pricing pressure.

  • Geopolitical and trade uncertainty May 26

    West Asia conflict creates shipping cost pressures and supply chain disruption. US tariff uncertainties pose risks to export strategy despite geographic diversification via Mexico.

Positives 6
  • Q4 profit surges 83% YoY May 26

    Consolidated net profit jumped 83% to Rs 188 crore in Q4 FY26, with EBITDA up 42% to Rs 546 crore and margins expanding 305bps to 12.9%.

  • 21% volume growth all segments May 26

    Q4 FY26 saw 21% YoY volume growth with OE segment leading at 42% growth. Capacity utilisation exceeds 90% overall and 95% for radial tyres.

  • 24% capacity expansion approved May 26

    Board approved Rs 4,980 crore investment to expand TBR and PCR capacity from 210 lakh to 260 lakh tyres per annum by FY2030, funded 50-60% internally.

  • Record FY26 revenue and EBITDA May 26

    Full year FY26 consolidated revenue hit record Rs 16,384 crore (11% growth) with EBITDA of Rs 2,089 crore (25% growth), demonstrating margin-accretive expansion.

  • 200% dividend declared May 26

    Board recommended Rs 4 per share dividend (200%) backed by cash profit doubling to Rs 478 crore in Q3 and over Rs 600 crore cash reserves.

  • EV OEM wins secured May 26

    JK Tyre secured new OEM approvals for Hyundai Creta EV and Tata Punch EV, strengthening position in the growing electric vehicle segment.

Neutral 2
  • Promoter reports zero encumbrance Jun 13

    Bengal & Assam Company Ltd declared no encumbrance on JK Tyre shares for FY26, a routine annual filing covering the promoter group.

  • CMD re-appointed for 5 years May 26

    Dr. Raghupati Singhania re-appointed as Chairman & Managing Director for five years from Oct 1, 2026, subject to shareholder approval. Ensures leadership continuity.

TL;DR: JK Tyre delivered an exceptional FY26 with record revenue, 83% Q4 profit growth, and broad-based volume expansion across OE and replacement segments. The Rs 4,980 crore capacity expansion signals confidence but introduces leverage and execution risk into FY27-30. Near-term headwinds from rising raw materials and geopolitical disruption are partially mitigated by pricing power, premiumization, and geographic diversification via Mexico. The trend is decisively improving operationally, though sustaining 12.8% EBITDA margins through the expansion cycle will be the key test.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales
3,632
3,718
3,898
3,688
3,698
3,639
3,622
3,674
3,759
3,869
4,011
4,223
4,223
Expenses
3,256
3,261
3,308
3,138
3,217
3,139
3,200
3,359
3,396
3,467
3,490
3,652
3,686
Operating Profit
376
457
589
550
481
500
421
314
363
402
521
571
537
OPM %
10%
12%
15%
15%
13%
14%
12%
9%
10%
10%
13%
14%
13%
Other Income
23
13
5
8
-9
15
11
3
19
34
7
-92
-37
Interest
125
122
109
107
109
112
120
123
121
115
108
106
101
Depreciation
106
106
108
111
112
113
113
114
117
114
116
119
123
PBT
168
242
377
341
252
290
199
80
144
208
304
254
277
Tax %
33%
34%
34%
33%
31%
27%
27%
29%
29%
26%
27%
18%
32%
Net Profit
112
159
249
227
172
218
140
53
99
163
227
208
178
EPS in Rs
4.4
6.25
9.83
8.47
6.49
8.11
4.93
1.92
3.54
6.03
8.28
7.21
6.17
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales
7,315
6,898
7,689
8,272
10,368
8,723
9,102
11,983
14,645
15,002
14,693
16,327
Expenses
6,384
5,782
6,557
7,535
9,256
7,737
7,796
10,910
13,347
12,911
13,094
14,295
Operating Profit
931
1,117
1,132
737
1,112
986
1,306
1,073
1,298
2,091
1,599
2,031
OPM %
13%
16%
15%
9%
11%
11%
14%
9%
9%
14%
11%
12%
Other Income
-30
11
135
135
-5
-76
81
40
-25
4
48
-88
Interest
257
252
440
466
521
549
466
419
454
447
476
428
Depreciation
158
216
291
299
316
378
387
385
407
437
456
472
PBT
486
660
535
107
270
-17
534
309
411
1,211
713
1,043
Tax %
33%
31%
29%
41%
35%
-989%
38%
35%
36%
33%
28%
26%
Net Profit
330
467
381
63
171
141
331
201
263
806
509
776
EPS in Rs
14.53
20.6
16.55
2.91
7.16
6.12
12.97
8.53
10.66
30.16
18.07
26.92
Div. Payout %
10%
12%
15%
52%
21%
11%
15%
18%
19%
15%
17%
15%
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
45
45
45
45
49
49
49
49
49
52
55
58
Reserves
1,356
1,706
1,919
1,916
2,235
2,282
2,623
2,799
3,347
4,435
4,796
6,003
Borrowings
2,975
2,900
5,655
5,811
5,758
5,549
4,801
5,220
4,882
4,609
4,911
4,882
Other Liabilities
2,528
2,401
2,776
2,762
3,227
3,333
3,467
4,092
4,061
4,915
4,673
5,054
Total Liabilities
6,904
7,052
10,395
10,535
11,269
11,213
10,940
12,161
12,339
14,012
14,435
15,996
Fixed Assets
2,701
3,747
5,794
6,142
6,228
6,382
6,242
6,429
6,467
6,829
6,752
7,192
CWIP
830
106
326
309
270
284
299
106
195
367
418
1,091
Investments
140
160
73
128
131
140
147
133
144
138
123
121
Other Assets
3,232
3,039
4,202
3,956
4,640
4,407
4,252
5,493
5,533
6,677
7,142
7,592
Total Assets
6,904
7,052
10,395
10,535
11,269
11,213
10,940
12,161
12,339
14,012
14,435
15,996
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
734
903
106
637
797
1,237
1,598
346
1,224
1,614
716
1,444
Investing
-806
-511
-807
-394
-261
-319
-134
-244
-398
-1,203
-463
-627
Financing
-1
-422
830
-409
-522
-963
-1,441
-96
-747
-413
-237
-783
Net Cash Flow
-73
-31
128
-165
14
-44
23
5
79
-2
15
34
Free Cash Flow
-65
357
-175
219
539
964
1,439
54
826
870
128
38
CFO/OP
93
95
21
94
79
129
129
39
105
88
61
81
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
72
74
85
68
68
77
63
60
57
67
70
72
Inventory Days
70
82
111
101
92
111
119
110
79
92
100
96
Days Payable
84
90
102
81
87
115
105
99
66
87
75
78
Cash Conversion Cycle
57
66
94
88
73
73
78
71
70
72
96
90
Working Capital Days
-25
-13
-5
-37
-13
73
-10
-13
-3
2
11
35
ROCE %
19%
20%
14%
6%
10%
8%
12%
9%
11%
19%
13%
16%

Shareholding Pattern

As of Mar 2026
Promoters 51.72%
FIIs 18.60%
Public 14.68%
Others 7.55%
DIIs 7.45%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters
56.23%
56.23%
55.93%
55.93%
56.26%
56.26%
56.26%
56.26%
56.26%
56.26%
56.26%
53.13%
53.13%
53.13%
50.55%
50.55%
50.55%
50.55%
50.55%
51.72%
51.72%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
10.29%
12.21%
15.29%
14.15%
16.45%
16.03%
15.94%
16.11%
16.10%
16.93%
18.60%
DIIs
1.25%
1.26%
1.26%
1.26%
1.24%
1.23%
1.39%
1.39%
1.36%
1.37%
1.58%
5.89%
5.32%
5.05%
5.85%
6.34%
6.15%
6.42%
7.19%
7.50%
7.45%
Government
0.58%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
28.52%
26.68%
26.01%
25.72%
25.73%
26.33%
26.53%
25.66%
26.25%
24.20%
23.16%
20.23%
18.21%
19.59%
19.42%
19.44%
19.60%
19.07%
18.56%
15.49%
14.68%
Others
13.42%
15.83%
16.80%
17.09%
16.77%
16.18%
15.83%
16.68%
16.13%
18.17%
8.72%
8.53%
8.05%
8.07%
7.73%
7.63%
7.76%
7.85%
7.59%
8.36%
7.55%
No. of Shareholders
0
1,85,866
1,85,679
1,84,535
1,97,556
2,15,726
2,18,553
1,92,775
1,91,654
1,87,356
1,88,399
2,02,681
2,26,143
2,86,125
3,33,642
3,51,180
3,58,475
3,42,938
3,32,044
2,91,511
2,84,107

Documents

Frequently Asked Questions about JK Tyre & Industries Ltd

What does JK Tyre & Industries Ltd do?
JK Tyre & Industries is the flagship company of the JK group which is headed by Dr R P Singhania as its chairman and managing director. It 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 busine...
Where is JK Tyre & Industries Ltd (JKTYRE) listed?
JK Tyre & Industries Ltd is listed on the Indian stock exchanges. It is listed on NSE: JKTYRE and BSE: 530007. You can view its live share price, financials, and ratios on Tapetide.
Which sector does JK Tyre & Industries Ltd belong to?
JK Tyre & Industries Ltd operates in the Consumer Discretionary sector within the Auto Components industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of JK Tyre & Industries Ltd?
JK Tyre & Industries Ltd has a market capitalisation of approximately ₹11791.04 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of JK Tyre & Industries Ltd?
The Price-to-Earnings (PE) ratio of JK Tyre & Industries Ltd is 14.34. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of JK Tyre & Industries Ltd?
Over the past 52 weeks, JK Tyre & Industries Ltd has traded between a low of ₹311 and a high of ₹611.9. This range helps investors understand the stock's price volatility and recent trading levels.
Does JK Tyre & Industries Ltd pay dividends?
Yes, JK Tyre & Industries Ltd has a dividend yield of 0.74%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of JK Tyre & Industries Ltd?
JK Tyre & Industries Ltd has a Return on Equity (ROE) of 17.62%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research JK Tyre & Industries Ltd on Tapetide?
On Tapetide, you can view JK Tyre & Industries Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

JK Tyre & Industries is the flagship company of the JK group which is headed by Dr R P Singhania as its chairman and managing director. It 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. [1]

Website jktyre.com
CEO Dr. Raghupati Singhania B.Sc.
Employees 5,666
Listed 2007-03-19
Face Value ₹ 2
Issued Size 27,40,20,027

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