Arthneeti

JK Tyre & Industries Q2 FY27 Share Price & Earnings Call Analysis

₹310.70+2.02% today
Market cap
₹8,968 Cr
P/E
12.47
ROE
15.99%
PEG
0.29
Price to sales
0.54
Debt to equity
0.81
52W high / low
₹605 / ₹300
Sales growth (5Y)
12.40%
EBITDA margin
11.51%
Net profit margin
5.41%
Promoter holding
51.72%
Sales (last year)
₹16,404 Cr

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]

Guidance scorecard · Q2 FY27 call

What JK Tyre & Industries Ltd's management guided
and where it ranks in Auto Components

#39of 66 in
Auto Components
Revenue10–20%MarginsUp 0–2%CapexPlannedFundraisingPlannedOrder bookWhat management said

RevenueQ1 FY27 call

10–20%
  • Domestic volume growth in Q1FY27 was robust at 25%, with strong demand in both replacement and OEM markets.
  • Future demand outlook is very optimistic with expected double-digit volume growth supported by rural and urban market traction.
  • Revenue growth expected to be in good double digits for FY27, driven by price increases, volume growth, and capacity ramp-up.
  • Price increases of approximately 5% were implemented in Q1, with expectation of further hikes of 8-9% in coming quarters.
  • New capacity expansions underway, adding about 7% capacity by next financial year, particularly in TBR and passenger car segments.
  • Mexico operations normalized from Q2 onward; improved production and topline expected compared to Q1.

2 more points from JK Tyre & Industries Ltd's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Up 0–2%

See what JK Tyre & Industries Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • JK Tyre is implementing expansion projects worth Rs. 4,980 crore focused on PCR (Passenger Car Radial) and TBR (Truck and Bus Radial) segments at the Chennai tyre plant.
  • The expansion will add approximately 24% capacity over the next 4 years.
  • By FY28 (next financial year), capacity additions will be mainly for TBR tyres and capacity balancing at the Banmore tyre plant, increasing total installed capacity by roughly 7%.
  • JK Tornel, Mexico is undergoing an upgradation and modernization project to strengthen its competitive position locally and in export markets.
  • The company is investing in digital and manufacturing excellence through IoT, AI, and ML technologies.

2 more points from JK Tyre & Industries Ltd's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

Planned

See what JK Tyre & Industries Ltd said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

  • The company reported strong demand across various segments with domestic volume growth of 25% in Q1FY27.
  • Robust order growth is indicated by 42% OEM volume growth and double-digit growth in replacement markets.
  • The company is undertaking capacity expansion worth Rs.4,980 crore to meet emerging demand.
  • Operations in Mexico are normalizing after disruptions, suggesting potential order stabilization there.

2 more points from JK Tyre & Industries Ltd's call on the order book

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Full Q1 FY27 analysis
Full Auto Components ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Auto Components
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does JK Tyre & Industries Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Auto Components companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Flat₹3,020 Cr47.8
240%+Flat₹1,998 Cr63.5
340%+Flat₹428 Cr17.5
420–40%Up 2%+₹25,721 Cr73.8
520–40%Up 2%+₹13,417 Cr40.5
620–40%Up 0–2%₹23,344 Cr37.6

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Financials of JK Tyre & Industries Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

JK Tyre & Industries Ltd

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +53.13%53.13%53.13%50.56%50.56%50.55%50.55%50.55%51.72%51.72%51.72%51.72%
FIIs +12.21%15.29%14.15%16.45%16.03%15.94%16.11%16.09%16.92%18.59%15.75%14.63%
DIIs +5.79%5.18%4.99%5.85%6.33%6.14%6.41%7.20%7.50%7.45%7.26%8.33%
Public +28.87%26.40%27.73%27.16%27.05%27.35%26.91%26.14%23.85%22.23%25.27%25.34%
No. of Shareholders2,03,0292,26,1432,86,1253,36,3293,51,1803,58,4753,42,9383,32,0442,88,4562,84,1073,05,9033,07,229

Financials of JK Tyre & Industries Ltd

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +3,8983,6883,6983,6393,6223,6743,7593,8694,0114,2234,2233,9464,841
Expenses +3,3083,1383,2173,1393,2003,3593,3963,4673,4903,6523,6863,6884,507
Operating Profit589550481500421314363402521571537258334
OPM %15%15%13%14%12%9%10%10%13%14%13%7%7%
Other Income +58-91511319347-92-3720-3
Interest10910710911212012312111510810610199109
Depreciation108111112113113114117114116119123126128
Profit before tax377341252290199801442083042542775494
Tax %34%33%31%27%27%29%29%26%27%18%32%21%36%
Net Profit +24922717221814053991632272081784465
EPS in Rs9.838.476.498.114.931.923.545.978.287.216.171.532.26

Financials of JK Tyre & Industries Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +7,3156,8987,6898,27210,3688,7239,10211,98314,64515,00214,69316,32717,233
Expenses +6,3845,7826,5577,5359,2567,7377,79610,91013,34712,91113,09414,29515,533
Operating Profit9311,1171,1327371,1129861,3061,0731,2982,0911,5992,0311,700
OPM %13%16%15%9%11%11%14%9%9%14%11%12%10%
Other Income +-3011135135-5-768140-25448-88-112
Interest257252440466521549466419454447476428414
Depreciation158216291299316378387385407437456472496
Profit before tax486660535107270-175343094111,2117131,043678
Tax %33%31%29%41%35%-989%38%35%36%33%28%26%
Net Profit +33046738163171141331201263806509776495
EPS in Rs14.5320.6016.552.917.166.1212.978.5310.6630.1618.5926.9217.17
Dividend Payout %10%12%15%52%21%11%15%18%19%15%16%15%

Financials of JK Tyre & Industries Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital45454545494949494952555858
Reserves1,3561,7061,9191,9162,2352,2822,6232,7993,3474,4354,9296,0036,009
Borrowings +2,9752,9005,6555,8115,7585,5494,8015,2204,8824,6094,9114,8826,125
Other Liabilities +2,5282,4012,7762,7623,2273,3333,4674,0924,0614,9154,5394,9715,569
Total Liabilities6,9047,05210,39510,53511,26911,21310,94012,16112,33914,01214,43515,91417,760
Fixed Assets +2,7013,7475,7946,1426,2286,3826,2426,4296,4676,8296,7527,1837,752
CWIP8301063263092702842991061953674181,100980
Investments14016073128131140147133144138123121119
Other Assets +3,2323,0394,2023,9564,6404,4074,2525,4935,5336,6777,1427,5108,909
Total Assets6,9047,05210,39510,53511,26911,21310,94012,16112,33914,01214,43515,91417,760

Financials of JK Tyre & Industries Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +7349031066377971,2371,5983461,2241,6147161,444
Cash from Investing Activity +-806-511-807-394-261-319-134-244-398-1,203-463-611
Cash from Financing Activity +-1-422830-409-522-963-1,441-96-747-413-237-783
Net Cash Flow-73-31128-16514-4423579-21550
Free Cash Flow-65357-1752195399641,4395482687012838
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit93%95%21%94%79%129%129%39%105%88%61%81%

Financials of JK Tyre & Industries Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days727485686877636057677072
Inventory Days708211110192111119110799210096
Days Payable849010281871151059966877578
Cash Conversion Cycle576694887373787170729690
Working Capital Days-25-13-5-37-1373-10-13-321135
ROCE %19%20%14%6%10%8%12%9%11%19%13%16%

Guidance history

How JK Tyre & Industries Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →10–20%Up 0–2%PlannedPlanned—
Q4 FY26 call →10–20%FlatPlannedPlannedRising
Q3 FY26 call →10–20%FlatPlannedPlanned—
Q2 FY26 call →10–20%FlatPlanned—Rising

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

10out of 100

Momentum score · price trend

10 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−26.7%28%
Last 6 months−23.5%14%
Last 3 months−21.8%13%

The price is 48.6% below its all-time high of ₹604.9 (11 Feb 2026). Stocks more than 20% below their peak have their score halved, so 19 became 10.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For JK Tyre & Industries Ltd: 0.4 × 28 + 0.4 × 14 + 0.2 × 13 = 19, halved to 10 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

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