JK Tyre & Industries Limited (JKTYRE)

Price	278.40 12.80 (4.82%)	52 Week High	286.15
ISIN	INE573A01042	52 Week Low	141.65
Industry	Automotive Aftermarket	Volume	4.7 M
Sector	Consumer Durables	P/E Ratio TTM	18.49
Market Cap	65.4 B	1 Year Beta	2.15

JK Tyre & Industries Limited (JKTYRE) is an Indian company that manufactures and sells tires. It is headquartered in Jaipur, Rajasthan. The company was founded in 1952 by Shri Om Prakash Jindal.

JKTYRE is a leading player in the Indian tire market with a production capacity of 19.5 million tires per annum. The company’s tires are used in a variety of vehicles, including cars, trucks, buses, and two-wheelers.

JKTYRE is a well-managed company with a strong track record of financial performance. The company has been profitable for over 69 years and has a strong balance sheet. JKTYRE is also a leading player in the Indian tire market and is well-positioned to continue to grow in the years to come.

However, there are also some risks associated with investing in JKTYRE. These risks include:

Competition: JKTYRE faces competition from other tire manufacturers, such as MRF, Apollo Tyres, and Ceat.
Regulation: The tire industry is regulated by the government. This regulation could impact JKTYRE’s business in the future.
Economic slowdown: If the Indian economy slows down, it could impact JKTYRE’s business. This is because businesses are less likely to invest in tires during a slowdown.
Changing consumer preferences: Consumers are increasingly switching to alternative modes of transportation, such as public transportation and ride-sharing, which could impact the demand for tires in the future.

Overall, JKTYRE is a well-managed company with a strong track record of financial performance. The company is also a leading player in the Indian tire market and is well-positioned to continue to grow in the years to come. However, investors should be aware of the risks associated with investing in JKTYRE before making a decision.

Here are some additional details about JK Tyre & Industries Limited (JKTYRE):

Products and services: JKTYRE manufactures and sells tires, including passenger car tires, truck tires, bus tires, and two-wheeler tires. The company also provides tire retreading services.
Customers: JKTYRE’s customers include a variety of businesses, including car dealerships, truck dealerships, bus dealerships, and two-wheeler dealerships.
Financial performance: JKTYRE has been profitable for over 69 years and has a strong balance sheet. The company’s revenue for the fiscal year 2022-2023 was ₹12,000 crore ($144 million), while its net profit was ₹2,000 crore ($240 million).
Growth potential: JKTYRE is well-positioned to capitalize on the growing demand for tires in India. The company is expected to grow its product portfolio and enter new markets.

JK Tyre & Industries Limited (JKTYRE) Chart

Technical Analysis of JK Tyre & Industries Limited (JKTYRE)

Moving Averages

Period	Simple	Exponential
MA 5	266.22	268.49
MA 10	261.78	265.31
MA 20	263.75	264.10
MA 30	265.66	262.39
MA 50	261.69	255.55
MA 100	231.15	235.99
MA 200	200.32	210.04

Moving Average Rating

Technical Indicators

Name	Value	Name	Value
Aroon Up (14)	100.00	Aroon Down (14)	57.14
MACD Level (12, 26)	1.64	MACD Signal (12, 26)	0.76
Relative Strength Index (7)	68.09	Relative Strength Index (14)	61.72
Stochastic %D (14 3 3)	69.49	Stochastic %K (14 3 3)	84.40
Stochastic RSI Fast (3, 3, 14, 14)	90.16	Stochastic RSI Slow (3, 3, 14, 14)	72.30
Bollinger Upper Band (20)	276.06	Bollinger Lower Band (20)	251.44
Keltner Channels Upper Band (20)	285.09	Keltner Channels Lower Band (20)	243.11
Donchian Channels Upper Band (20)	281.00	Donchian Channels Lower Band (20)	246.00
Ichimoku Conversion Line (9, 26, 52, 26)	263.50	Ichimoku Base Line (9, 26, 52, 26)	263.50
Ichimoku Leading Span A (9, 26, 52, 26)	267.46	Ichimoku Leading Span B (9, 26, 52, 26)	234.67
Positive Directional Indicator (14)	24.43	Negative Directional Indicator (14)	14.10
Volume Weighted Average Price	274.53	Volume Weighted Moving Average 20	268.20

Oscillator Rating

Oscillators

Awesome Oscillator	-1.38
Ultimate Oscillator (7,14,28)	54.49
Money Flow (14)	68.83
Chaikin Money Flow (20)	0.17
Commodity Channel Index (20)	168.84
Bull Bear Power	15.72

High / Low

1 Month	281.00	246.00
3 Month	286.15	192.55
6 Month	286.15	148.25
52 Week	286.15	141.65
All Time	286.15	5.12

Volume

Volume	4.7 M
Average 10 D	1.7 M
Average 30 D	1.1 M
Average 60 D	2.1 M
Average 90 D	2 M

Change/Volatility

Change	12.80 (4.82%)
Change 1W	19.70 (7.61%)
Change 1M	7.30 (2.69%)
Volatility	6.36
Volatility W	5.10

Performance

Yesterday	50.00
Weekly	6.32
Monthly	2.03
3 Month	42.44
6 Month	66.71
Yearly	57.02
5 Year	164.14
All Time	834.23

Misc.

Average Day Range (14)	9.99
Average Directional Index (14)	19.03
Average True Range (14)	10.06
Williams Percent Range (14)	-7.43
Rate Of Change (9)	6.34
Hull Moving Average (9)	272.52
Momentum (10)	14.40
Parabolic SAR	247.69

PIVOT POINTS of JK Tyre & Industries Limited (JKTYRE)

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	199.12	234.27	252.68	269.42	287.83	304.57	339.72
Fibonacci	234.27	247.69	255.99	269.42	282.84	291.14	304.57
Camarilla	261.43	264.66	267.88	269.42	274.32	277.54	280.77
Woodie's	219.68	235.34	254.82	270.49	289.97	305.64	325.12
DeMark's	-	-	261.05	273.60	296.20	-	-

Financial Analysis of JK Tyre & Industries Limited (JKTYRE)

Income Statement

Basic EPS (FY)	10.64
Basic EPS (TTM)	15.40
EBITDA (Annual YoY Growth)	25.82
EBITDA (Quarterly QoQ Growth)	21.51
EBITDA (Quarterly YoY Growth)	60.46
EBITDA (TTM)	14.7 B
EBITDA (TTM YoY Growth)	36.28
EPS Diluted (Annual YoY Growth)	24.75
EPS Diluted (FY)	10.64
EPS Diluted (MRQ)	6.10
EPS Diluted (Quarterly QoQ Growth)	34.27
EPS Diluted (Quarterly YoY Growth)	291.18
EPS Diluted (TTM)	15.06
EPS Diluted (TTM YoY Growth)	84.57
Free Cash Flow Margin (FY)	2.28
Gross Profit (Annual YoY Growth)	24.71
Gross Profit (FY)	21.7 B
Gross Profit (MRQ)	9.4 B
Gross Profit (Quarterly QoQ Growth)	15.48
Gross Profit (Quarterly YoY Growth)	36.88
Gross Profit (TTM YoY Growth)	25.00
Last Year Revenue (FY)	145.9 B
Revenue (Annual YoY Growth)	22.64
Revenue per Employee (FY)	13.1 M
Revenue (Quarterly QoQ Growth)	2.36
Revenue (Quarterly YoY Growth)	2.06
Revenue (TTM YoY Growth)	13.08
Net Income (Annual YoY Growth)	24.98
Net Income (FY)	2.6 B
Net Income (Quarterly QoQ Growth)	41.97
Net Income (Quarterly YoY Growth)	313.63
Net Income (TTM YoY Growth)	88.73
Total Revenue (FY)	145.9 B

Valuation

Enterprise Value/EBITDA (TTM)	4.45
Number of Employees	11,160.00
Number of Shareholders	191.7 T
Shares Float	88.9 M
Price to Book (FY)	2.02
Price to Earnings Ratio (TTM)	18.49
Price to Revenue Ratio (TTM)	0.47
Price to Sales (FY)	0.47
Total Shares Outstanding	246.2 M
Research & development Ratio (FY)	0.73
Selling & Admin expenses Ratio (FY)	8.43
Selling & Admin expenses Ratio (TTM)	14.98

Balance Sheet

Total Assets (Annual YoY Growth)	1.47
Total Debt (Annual YoY Growth)	-6.48
Total Liabilities (FY)	94.2 B
Cash & Equivalents (FY)	1.7 B
Cash and short term investments (FY)	2.8 B

Operating Metrics

Dividends

Dividend Yield Forward	0.75
Dividends Paid (FY)	-369,300,000.00
Dividends per share (Annual YoY Growth)	33.33
Dividends per Share (FY)	2.00

Margins

Net Margin (FY)	1.80
Net Margin (TTM)	2.58
Gross Margin (FY)	14.89
Gross Margin (TTM)	22.17
Operating Margin (FY)	5.74
Operating Margin (TTM)	7.19
Pretax Margin (TTM)	4.05

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JK Tyre & Industries Limited (JKTYRE)

JK Tyre & Industries Limited (JKTYRE) Chart