JK Tyre & Industries Share Price

JK Tyres & Industries Stock Trends in 2018

1. At the beginning of 2018, the share price opened at Rs.147 and increased to Rs.176 by the middle of the month. The stock closed the month of January at a price of Rs.175.
2. The price of the stock was Rs.175 at the beginning of February and rose to Rs.180 in one day. By the middle of the month, the stock price had reached the 52-week high priced at Rs.185 and the plummeted. The stock closed the month of February at a price of 148.
3. In the month of March, the share price opened at Rs.152 and was steady till the mid-month. In the second half, the stock price fell to Rs.143 and increased again, closing the month at Rs.162.
4. The share price at the beginning of April was Rs.159 and reached Rs.168 by the middle of the month. The month closed with the share price at Rs.156.
5. Rs.158 was the price of the stock at the beginning of May. This month was not beneficial for the investors as the share price began to plummet through this month. By mid-month, the share was priced at Rs.150 and closed at Rs.136.
6. In June, the price of the stock was Rs.134 in the beginning, however, it decreased to Rs.129 by the middle of the month. The share price fell further to Rs.121 by the end of the month.
7. The share price dipped to Rs.117 in the first week of July increasing to Rs.132 by the middle of the month. In the second half of the month, the price of the stock fluctuated to a great extent, ending the month at Rs.130.
8. In the month of August, the price of the stock opened at Rs.130 and was steady till the middle of the month. The company offered a final dividend on 13 August 2018. The share price closed at Rs.128.
9. The price of the stock in September opened at Rs.129 but plummeted to Rs.117 by the middle of the month. This month as well was not beneficial for the investors as the share kept falling through the month, ending at Rs.97.
10. The month of October saw the share price hitting the 52-week low of Rs.90. However, in the second half of the month, the price of the stock increased and ended at Rs.104.
11. In November, the share price opened at Rs.104 and by the middle of the month increased to Rs.108. In the second half of the month, the price fell and ended at Rs.100.

JK Tyres & Industries Stock Trends in 2016 and 2017

1. The share price opened at Rs.114 at the beginning of January 2018. However, throughout the month, the price plummeted and ended at Rs.90. In February, the price of the stock was Rs.91 at the beginning of the month. Due to fluctuations in the stock market, the share price decreased to Rs.76
2. At the beginning of March, the price of the stock hit its 52-week low at Rs.74, reaching the Rs.80 mark by the middle of the month. The month ended with the price at Rs.84. In April, the share price started at Rs.83 and was steady through the month, ending at Rs.84. However, in June, the stock price rose to Rs.91 ending at Rs.90.
3. The share price started the month of July at Rs.90 and was steady, ending the month at Rs.91. However, August proved beneficial for investors as the stock performed better starting at Rs.90 but ending the month at Rs.132. The share price increased further in September starting the month at Rs.131 and ending at a price of Rs.140.
4. In October, the share price increased to Rs.150 at the beginning of the month. The stock reached the 52-week high in the middle of the month priced at Rs.158, ending at Rs.141. November started with the share price at Rs.140. However, it plummeted to Rs.120 by the middle of the month, closing at Rs.122.
5. The stock price in December started at Rs.122 and ended the month at a decreased price of Rs.114.
6. In January 2017, the share price opened at Rs.117. The stock price reached Rs.134 by the middle of the month, ending at Rs.124. The price of the stock was Rs.120 at the beginning of February, dipping to Rs.113 by the middle of the month. At the end of the month, the share was valued at Rs.122.
7. The price of the stock at the beginning of March was Rs.125. The price plummetted to Rs.113 and increased, ending the month at Rs.130. In April, the share was valued at Rs.132 at the beginning of the month. The stock price increased and ended at Rs.161. The share price, in June, reached the 52-week high at Rs.183, ending the month at Rs.161.
8. In July, the price of the stock was Rs.162 and was steady throughout the month, ending at Rs.163. In this month, the company offered its final dividend. The share price at the beginning of August was Rs.162. In the second half of the month decreased, ending at Rs.144. The price of the stock started September at a price of Rs.148 and ended at Rs.147.
9. At the beginning of October, the share price was Rs.148 and was steady through the month ending at Rs.147. At the beginning of November, the price of the stock was Rs.146 and ended at Rs.145. In December, the share price began at a price of Rs.144 and dropped to Rs.135 by mid-month. The stock ended the year at Rs.147.

Should you invest in JK Tyres & Industries Ltd Shares?

1. JK Tyres & Industries Ltd reported total revenue of Rs.84,182 crore in FY 18 compared to Rs.77,548 in F Y17. The percentage growth YoY of the company in a year was 9%.
2. The net worth of the company has decreased when compared YoY. In FY 17, the company's net worth was Rs.21,098 crore which decreased to Rs.21,031 in FY 2018.
3. Coming to the net debt, the company had a net debt of Rs.53,492 crore in FY 2017 which increased to Rs.57,160 crore in FY 2018.
4. The company's expense on tax has decreased a substantial amount from Rs.1,554 crore in FY 2017 to Rs.439 crore in FY 2018.
5. The company's assets and non-current assets have increased on a YoY basis.
6. The operating profit of JK Tyres & Industries Ltd has increased to a great extent YoY. From Rs.116.26 crore in FY 2017, the operating profit for FY 2018 was Rs.246.67 crore.
7. The company's profit after tax in FY 2017 was Rs.3.06 crore which increased to Rs.76.51 crore in one year, in FY 2018.
8. The revenue of the company on a half-yearly basis has increased by 29%.

Company Information

JK Tyres & Industries Ltd was founded in 1974 and deals in the manufacturing of tyres, flaps, and tubes. The company is based in the National Capital Region of Delhi. The company is a part of the J.k. Organisation.

The company in 2008 acquired the major tyre company, Tornel based in Mexico. JK Tyres & Industries Ltd has the base in more than 80 countries spread across all the 6 continents of the world.

History of the company

JK Tyres & Industries Ltd was founded in West Bengal in 1974. In 1982, the company came into a technical agreement with General Tire. In 1992, JK Tyre & Industries Ltd opened an office in Moscow, with the company's subsidiaries opened in the United Kingdom and Hong Kong.

JK Tyre, in the year 2000, made a marketing alliance with the Indian Oil Corporation in order to set up service centres and sales outlets in the Indian Oil petrol pumps. The name of the company changed from J.K. Industries Ltd to JK Tyres & Industries Ltd in 2007.

The company acquired the Tornel plant in Mexico in 2008, setting up a new OTR plant in Mysore in 2010. Two years later in 2012, JK Tyres & Industries Ltd set up a new plant in Chennai. In 2016, the company became the first in India to produce 10 million radial tyres for buses and trucks. Soon after this, in 2017, the company entered the two-wheeler industry and launched tyres for scooters and Royal Enfield bikes.

Management of the company

Dr. Raghupati Singhania - Chairman and Managing Director

Dr. Raghupati Singhania is the Chairman and Managing Director of JK Tyres & Industries Ltd. He also serves as the Chairman of JK Tornel, based in Mexico and is a subsidiary of JK Tyres and Industries Ltd.

Apart from serving as the Chairman and MD of the company, he also serves as the Director of JK Lakshmi Cement Limited and also JK Agri-Genetics Limited. Dr. Raghupati Singhania also serves as the Pro-Chancellor of the JK Lakshmipat University in Udaipur.

He also serves leading roles in various other organizations such as being the Member and National Council at the Confederation of Indian Industry and Member in the Executive Council of Indian Rubber Manufacturers Research Association.

Mr. Rajiv Prasad - President, India Operations

Mr. Rajiv Prasad serves as the President of JK Tyres & Industries Ltd, India Operations. Prior to serving at JK Tyres, he was the Senior Executive Director at Dalmia Cement. He has over 33 years of experience in the field serving various roles in companies like BHEL, ITC, SCC, and Halonix.

Mr. Anshuman Singhania - Whole-time Director

Mr. Anshuman Singhania serves as the Whole-time Director of JK Tyres & Industries Ltd. He has performed various roles in the company in Marketing and Production. He has also played a key role in imbibing latest technology for various manufacturing processes of the company.

JK Tyres & Industries Ltd listings in the NSE, BSE and Stock Market Indices:

JK Tyres & Industries Ltd is listed in the Bombay Stock Exchange and the National Stock Exchange which are the two major stock exchanges in the country. The shares offered by the company are offered to the general public for trading.

1. NSE Code - JKTYREEQ
2. BSE Code - 530007
3. ISIN - INE573A01042
4. Sector - Tyres

The stock market indices the company comprises of are as follows:

1. Nifty 500
2. Nifty Full Smallcap 100
3. Nifty MidSmallcap 400
4. Nifty Smallcap 100
5. Nifty Smallcap 250
6. S&P BSE 250 SmallCap Index
7. S&P BSE 400 MidSmallCap Index
8. S&P BSE 500
9. S&P BSE AllCap
10. S&P BSE Consumer Discretionary Goods & Services
11. S&P BSE MidSmallCap
12. S&P BSE SmallCap

Registered Office:

Jaykaygram, PO- Tyre Factory, Kankroli - 313 342, Rajasthan. Phone Number: 02952-302400/330011

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DISCLAIMER:

The contents of this post/blog does not constitute financial or other professional advice nor does it imply in any manner a principal-agent relationship, and is not a professional advice on a specific financial matter.