JK Tyre and Industries Ltd up by 9.28 percent | Espresso Market Updates


Espresso shot of the day – JK Tyre and Industries Ltd up by 9.28 percent

April 01, 2021
Espresso shot of the day – JK Tyre and Industries Ltd up by 9.28 percent

JK TYRE & INDUSTRIES LTD 118.95 (+9.28%)  BSE – INE573A01042| 1STAPRIL 2021

The flagship company of JK Organisation, JK Tyre & Industries Ltd. is one of India’s foremost tyre manufacturers and is also amongst the top 25 manufacturers in the world. JK Tyre & Industries Ltd. launched India’s first ever ‘Smart Tyre’ technology-and introduced Tyre Pressure Monitoring Systems (TPMS) by offering TREEL Sensors, which monitors the tyre’s vital statistics, including pressure and temperature. JK Tyre & Industries Ltd. 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. A global force, JK Tyre & Industries Ltd. is present in 105 countries with over 180 Global distributors. 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 500+ dedicated Brand shops called as Steel Wheels and Xpress Wheels. JK Tyre & Industries Ltd. recently was awarded the most coveted Safety award in the world -the Sword of Honour for Safety across its plants by the British Safety Council, UK.

Recent Drivers

  • On 23rd March 2021, JK Tyre & Industries Ltd. said India Ratings and Research has upgraded its long-term issuer rating to ‘IND A/Stable’ on the back of strong recovery in sales and financial performance reported by the company in the December quarter.
  • On 4th March 2021, JK Tyre & Industries Ltd. said it has entered into a strategic partnership with CarDekho and AutoBrix for online to offline doorstep tyre delivery-cum-fitment service. CarDekho Co-founder and CEO Amit Jain said the launch of JK Tyre Man will ensure that the customers can not only buy a car online but can also get quality tyres delivered to their doorstep.
  • JK Tyre & Industries Ltd. reported consolidated net sales at Rs 2,769.28 crores in December 2020 up 25.89% from Rs 2,199.80 crores in December 2019.
  • JK Tyre & Industries Ltd reported consolidated quarterly net profit at Rs 224.09 crores in December 2020 up 1946.48% from Rs 10.95 crores in December 2019.
  • GB Tyres has introduced a new six-year warranty on JK Tyre & Industries Ltd., commercial vehicle tyres. The wholesaler became the exclusive UK & Ireland distributor of the Indian brand’s tyre range in January 2020.
(Sources: LiveMint, Moneycontrol, Business Standards, Business Today, Tyre Press)

Technical Force*

  • S&P BSE ALL CAP month till date gain up by 2.59%
  • Touched upper circuit 119.70
  • 3 months avg volume- 502,329
  • Quantity traded 1,58,771 Deliverable quantity 55,298 (34.83%)
  • Stock price has jumped more than 200% from one year low level – 39, 1 April 2020
  • Daily RSI (14) crossed central line today
  • 52 -week high – 146.75 | 52- week low- 39

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Some Key Ratios (Source: BSE)

Market Cap: 2928.92crores

PE: 24.12

OPM%: 13.98

ROE%: 5.21

Promoters holding : 56.23

Prev. Close: 108.85

*Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.