JK TYRE & INDUSTRIES LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 409.8 INR | -1.05% |
|
+1.65% | +2.87% |
| Mar. 29 | Jk Tyre & Industries Limited Receives Order from Gst Authorities for Penalty | CI |
| Feb. 09 | India's MRF Q3 profit jumps three-fold on uptick in two-wheeler sales | RE |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 22,592 | 10,046 | 26,802 | 28,883 | 38,153 | 106,845 | - | - |
| Enterprise Value (EV) 1 | 22,592 | 10,046 | 26,802 | 28,883 | 84,207 | 143,272 | 146,615 | 142,036 |
| P/E ratio | 11.8 x | 6.67 x | - | 13.8 x | 14.6 x | 11.9 x | 11 x | 9.34 x |
| Yield | 1.63% | 1.72% | 1.84% | 1.28% | 1.29% | 0.86% | 0.85% | 0.89% |
| Capitalization / Revenue | 0.22 x | 0.12 x | 0.29 x | 0.24 x | 0.26 x | 0.7 x | 0.64 x | 0.6 x |
| EV / Revenue | 0.22 x | 0.12 x | 0.29 x | 0.24 x | 0.57 x | 0.94 x | 0.87 x | 0.79 x |
| EV / EBITDA | 2.03 x | - | 2.05 x | 2.69 x | 6.49 x | 6.62 x | 6.62 x | 5.88 x |
| EV / FCF | 4.19 x | 1.09 x | 1.84 x | 28.7 x | 10.2 x | 12 x | 16.6 x | 13 x |
| FCF Yield | 23.9% | 91.6% | 54.5% | 3.49% | 9.81% | 8.37% | 6.02% | 7.69% |
| Price to Book | 0.99 x | - | 1 x | 1.01 x | 1.12 x | 2.42 x | 2.04 x | 1.69 x |
| Nbr of stocks (in thousands) | 246,231 | 246,231 | 246,231 | 246,231 | 246,231 | 260,724 | - | - |
| Reference price 2 | 91.75 | 40.80 | 108.8 | 117.3 | 155.0 | 409.8 | 409.8 | 409.8 |
| Announcement Date | 5/16/19 | 6/15/20 | 5/19/21 | 5/20/22 | 5/17/23 | - | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 103,699 | 87,249 | 91,022 | 119,830 | 146,449 | 151,955 | 167,593 | 179,369 |
| EBITDA 1 | 11,141 | - | 13,063 | 10,733 | 12,978 | 21,655 | 22,137 | 24,136 |
| EBIT 1 | 7,984 | - | 9,196 | 6,879 | 8,908 | 17,020 | 17,059 | 18,834 |
| Operating Margin | 7.7% | - | 10.1% | 5.74% | 6.08% | 11.2% | 10.18% | 10.5% |
| Earnings before Tax (EBT) 1 | 2,705 | - | 5,344 | 3,090 | 4,112 | 12,660 | 13,041 | 15,106 |
| Net income 1 | 1,763 | - | 3,193 | 2,100 | 2,625 | 8,674 | 9,385 | 11,138 |
| Net margin | 1.7% | - | 3.51% | 1.75% | 1.79% | 5.71% | 5.6% | 6.21% |
| EPS 2 | 7.770 | 6.120 | - | 8.530 | 10.64 | 34.57 | 37.14 | 43.88 |
| Free Cash Flow 1 | 5,391 | 9,198 | 14,605 | 1,008 | 8,257 | 11,988 | 8,827 | 10,928 |
| FCF margin | 5.2% | 10.54% | 16.05% | 0.84% | 5.64% | 7.89% | 5.27% | 6.09% |
| FCF Conversion (EBITDA) | 48.39% | - | 111.8% | 9.39% | 63.62% | 55.36% | 39.88% | 45.28% |
| FCF Conversion (Net income) | 305.7% | - | 457.36% | 47.98% | 314.56% | 138.21% | 94.05% | 98.11% |
| Dividend per Share 2 | 1.500 | 0.7000 | 2.000 | 1.500 | 2.000 | 3.533 | 3.500 | 3.633 |
| Announcement Date | 5/16/19 | 6/15/20 | 5/19/21 | 5/20/22 | 5/17/23 | - | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 27,693 | 29,273 | 26,084 | 29,867 | 30,760 | 33,118 | 36,430 | 37,565 | 36,129 | 36,325 | 37,181 | 40,079 | 38,341 |
| EBITDA | 5,004 | 4,547 | 2,795 | 2,924 | 2,735 | 2,279 | 2,849 | 2,974 | 3,393 | 3,762 | - | 5,432 | 5,741 |
| EBIT | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income | 2,241 | - | 463.2 | - | - | - | - | - | - | - | - | - | - |
| Net margin | 8.09% | - | 1.78% | - | - | - | - | - | - | - | - | - | - |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 1/21/21 | 5/19/21 | 8/6/21 | 10/28/21 | 2/3/22 | 5/20/22 | 8/8/22 | 11/1/22 | 2/4/23 | 5/17/23 | 8/4/23 | - | - |
1INR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | 46,054 | 36,427 | 39,770 | 35,191 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | 3.549 x | 1.682 x | 1.797 x | 1.458 x |
| Free Cash Flow 1 | 5,391 | 9,198 | 14,605 | 1,008 | 8,257 | 11,988 | 8,827 | 10,928 |
| ROE (net income / shareholders' equity) | 8.31% | - | 12.8% | 7.61% | 9.68% | 22.1% | 19.4% | 19.1% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share 2 | 92.80 | - | 109.0 | 116.0 | 138.0 | 170.0 | 201.0 | 243.0 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 2,577 | 2,738 | 1,597 | 2,920 | 3,985 | 8,224 | 8,629 | 8,459 |
| Capex / Sales | 2.49% | 3.14% | 1.75% | 2.44% | 2.72% | 5.41% | 5.15% | 4.72% |
| Announcement Date | 5/16/19 | 6/15/20 | 5/19/21 | 5/20/22 | 5/17/23 | - | - | - |
1INR in Million2INR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
5
Last Close Price
409.8
INR
Average target price
506.2
INR
Spread / Average Target
+23.52%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +2.87% | 1.28B | |
| +0.51% | 6.62B | |
| +21.41% | 6.39B | |
| -7.58% | 5.5B | |
| +24.89% | 5.03B | |
| +2.23% | 4.56B | |
| +17.11% | 4.55B | |
| +8.45% | 3.75B | |
| +25.05% | 3.65B | |
| +43.04% | 3.08B |
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- Financials JK Tyre & Industries Limited
