JKTYRE

JK Tyre & Industries share price & financials

Price
₹401.3
Market cap
₹11.1k Cr
Sector
Automobile and Auto Components
Calls analysed
7
Latest concall · Q1 FY27 · call held 10 Aug 2026

JK Tyre & Industries Limited Q1 FY27

Consolidated Revenue ₹3,956 cr +2%Consolidated EBITDA ₹268 cr −37%EBITDA Margin 6.8% PAT ₹43 cr

What went well

  • Consolidated turnover reached ₹3,956 crores, marking a 1.67% YoY growth.
  • Domestic sales volumes demonstrated robust growth of 25% YoY, driven by strong demand momentum.
  • OEM volumes saw a significant increase of 42% YoY, contributing to overall volume growth.

What to watch

  • Consolidated EBITDA for Q1 FY27 was ₹268 crores, a 36.8% decline YoY, with margins compressing to 6.8% from 10.9% in Q1 FY26.
  • Raw material costs increased by approximately 20% sequentially due to the West Asia crisis, directly impacting profitability.
Read the full call →

What JK Tyre & Industries Limited does

JK Tyre & Industries manufactures and markets tyres for trucks and buses, light/small commercial vehicles, passenger cars, farm equipment, two/three-wheelers, and off-the-road (OTR) applications, sold to OEMs and the replacement (aftermarket) market in India and abroad. It was the pioneer of radial tyre technology in India and holds a large network for tyre retreading and commercial-vehicle service. The company operates manufacturing plants across India and Mexico (through its subsidiary JK Tornel), and reaches customers through OEM relationships plus an extensive dealer, distributor and exclusive brand-shop network.

Segments

  • Truck/Bus (Radial & Bias)
  • Passenger Car (Radial & Bias)
  • LCV/SCV (Radial & Bias)
  • Farm (Radial & Bias)
  • 2/3-Wheeler
  • OTR & Industrial
  • Retreads
Manufacturing facilities
11 (9 in India, 2 in Mexico via JK Tornel)
Combined installed capacity
35 million+ tyres per annum
Employees globally
10,000+
Global country presence
100+ countries
Dealer & distribution network
6,000+ dealers and distributors
Exclusive brand shops (India)
920
Founded 1951Headquarters Kankroli, Rajasthan, India Company website

Guidance record · Q1 FY27

what the last two calls moved 16 tracked 3 delivered 4 missed 9 open
  • JK Tornel EBITDA Margin delivered said Q4 FY25 Promised: Margins can immediately improve in the next financial year (FY26) Q1 FY27: Promise was achieved in FY26. Q1 FY27 saw temporary disruptions in Mexico, but management confirms resolution.
  • GHG Emission Reduction % went quiet said Q4 FY25 Promised: Cut GHG emissions by 50% by 2030 Q1 FY27: No update provided on GHG emission reduction progress.
  • Quarterly Revenue at risk said Q3 FY25 Promised: Peak revenue on a quarterly basis would be around 4,700 crores post completion of capex Q1 FY27: Revenue declined to 3956 cr due to margin pressures and Mexico issues. Moving away from target.

All 16 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 13.6%, net profit down 52.6% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue2,515 3,264 2,674 3,453 3,516 +40%3,741 +15%3,903 +46%3,924 +14%
EBITDA253 274 263 394 478 +89%525 +92%511 +94%284 −28%
Net profit99 55 97 154 212 +114%178 +224%204 +110%73 −53%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −0.7% 1Y

₹400₹500₹600Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 29 Oct 2025Q3 FY26 — 9 Feb 2026Q4 FY26 — 2 Jun 2026Q1 FY27 — 10 Aug 2026

1Y: ₹356.3 on 10 Sept 2025 → ₹353.95. High ₹604.9 (11 Feb 2026), low ₹352.45 (11 Jun 2026).

How the price took the results

close before → close after

Q1 FY27
−2.5%
10 Aug
Q4 FY26
+0.4%
2 Jun
Q3 FY26
+2.7%
9 Feb
Q2 FY26
−0.6%
29 Oct

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 2.9% a year over 3 years, FY23 to FY26. Operating margin widened to 13.1%.

Year endingFY23FY24FY25FY26
Revenue₹13.4k Cr₹10.3k Cr₹10.9k Cr₹14.6k Cr
Operating profit₹1.1k Cr₹1.4k Cr₹1.1k Cr₹1.9k Cr
Operating margin8.5%13.2%10.0%13.1%
Interest₹402 Cr₹241 Cr₹307 Cr₹390 Cr
Depreciation₹365 Cr₹252 Cr₹301 Cr₹405 Cr
Net profit₹219 Cr₹590 Cr₹394 Cr₹748 Cr
Net margin1.6%5.7%3.6%5.1%
Cash from operations₹677 Cr₹1.1k Cr₹696 Cr₹1.5k Cr
Free cash flow₹408 Cr₹560 Cr₹168 Cr₹233 Cr
ROCE10.0%19.0%14.0%17.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹49 Cr₹49 Cr₹49 Cr₹52 Cr₹55 Cr₹58 Cr
Reserves₹2.3k Cr₹2.5k Cr₹2.8k Cr₹3.8k Cr₹5.2k Cr₹5.2k Cr
Borrowings₹2.5k Cr₹2.9k Cr₹2.6k Cr₹2.5k Cr₹4.8k Cr₹4.4k Cr
Other liabilities₹2.4k Cr₹2.7k Cr₹2.5k Cr₹3.2k Cr₹5.0k Cr₹4.3k Cr
Total liabilities₹7.3k Cr₹8.1k Cr₹8.0k Cr₹9.6k Cr₹15.1k Cr₹13.9k Cr
Fixed assets₹3.3k Cr₹3.3k Cr₹3.4k Cr₹3.6k Cr₹6.8k Cr₹6.6k Cr
Capital work in progress₹69 Cr₹79 Cr₹105 Cr₹318 Cr₹783 Cr₹886 Cr
Investments₹733 Cr₹791 Cr₹798 Cr₹794 Cr₹129 Cr₹153 Cr
Other assets₹3.1k Cr₹3.9k Cr₹3.7k Cr₹4.9k Cr₹7.4k Cr₹6.3k Cr
Total assets₹7.3k Cr₹8.1k Cr₹8.0k Cr₹9.6k Cr₹15.1k Cr₹13.9k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, the public trimmed −1.64 pp while promoters added +1.17 pp. The shareholder count shrank 11% to 3,05,903.

Promoters
51.7%
FIIs
15.8%
DIIs
7.3%
Public
25.3%

Since Jun 2025

  • Public −1.64 pp
  • Promoters +1.17 pp
  • DIIs +0.85 pp

How it drifted, 12 quarters

Over this window the public fell from 32.2% to 25.3% — −6.9 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 56.3%, FIIs 10.3%, DIIs 1.3%, Public 32.2%.Dec '23: Promoters 53.1%, FIIs 12.2%, DIIs 5.8%, Public 28.9%.Mar '24: Promoters 53.1%, FIIs 15.3%, DIIs 5.2%, Public 26.4%.Jun '24: Promoters 53.1%, FIIs 14.2%, DIIs 5.0%, Public 27.7%.Sep '24: Promoters 50.6%, FIIs 16.4%, DIIs 5.8%, Public 27.2%.Dec '24: Promoters 50.6%, FIIs 16.0%, DIIs 6.3%, Public 27.1%.Mar '25: Promoters 50.5%, FIIs 15.9%, DIIs 6.1%, Public 27.4%.Jun '25: Promoters 50.5%, FIIs 16.1%, DIIs 6.4%, Public 26.9%.Sep '25: Promoters 50.5%, FIIs 16.1%, DIIs 7.2%, Public 26.1%.Dec '25: Promoters 51.7%, FIIs 16.9%, DIIs 7.5%, Public 23.9%.Mar '26: Promoters 51.7%, FIIs 18.6%, DIIs 7.5%, Public 22.2%.Jun '26: Promoters 51.7%, FIIs 15.8%, DIIs 7.3%, Public 25.3%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 0 holders trimming and 2 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of JK Tyre & Industries Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Bengal & Assam Company Ltd. 45.43%unchanged
HDFC Mutual Fund - HDFC Multi Cap Fund & HDFC Hybrid Equity Fund & HDFC Transportation And Logistics Fund & HDFC Nifty Smallcap 250 ETF & HDFC Nifty Smallcap 250 Index Fund & HDFC Nifty500 Multicap 50:25:25 Index Fund & HDFC Small Cap Fund Mutual fund6.21%+0.76 pp
International Finance Corporation NBFC / DFI4.61%unchanged
Valiant Pacific Llc 2.39%unchanged
Tasha Investment Advisors Llp 1.70%unchanged
Edgefield Securities Limited 1.64%unchanged
Kotak Funds - India Midcap Fund Global fund house1.53%unchanged
Deepak Bhagnani 1.27%unchanged
Cassini Partners, L.P. Managed By Habrok Capital Management Llp FPI fund1.01%unchanged
J.K. Fenner (India) Limited 0.64%unchanged
Raghupati Singhania 0.60%unchanged
Vinita Singhania 0.56%+0.07 pp

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in JKTYRE

Filings to Aug 2026

0 new, 5 added, 1 trimmed, 0 sold out — net +3.88 L shares (+2.1%).

Held by funds
₹736 Cr
9 schemes
Biggest holder
HDFC Small Cap Fund
₹455 Cr · 1.1% of that fund
SchemeHoldingLast month
HDFC Small Cap Fund HDFC Mutual Fund₹455 Cr+3.84 L
HDFC Hybrid Equity Fund HDFC Mutual Fund₹160 Crheld
HDFC Multi Cap Fund HDFC Mutual Fund₹94 Crheld
HDFC Transportation and Logistics Fund HDFC Mutual Fund₹15 Crheld
Nippon India Nifty Smallcap 250 Index Fund Nippon India Mutual Fund₹8 Cr+0.02 L
SBI Nifty Smallcap 250 Index Fund SBI Mutual Fund₹4 Cr+0.01 L
Nippon India Nifty 500 Equal Weight Index Fund Nippon India Mutual Fund₹1 Cr+0.00 L
SBI Nifty 500 Index Fund SBI Mutual Fund₹0 Cr−0.00 L

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Aug 2026

5 added, 1 trimmed — net +3.88 L shares (+2.1%)

Funds are sitting on
-2%
vs est. average cost
Held by funds
₹736 Cr
9 schemes · ≈ 6.7% of the company
Biggest holder
HDFC Small Cap Fund
₹455 Cr · 1.1% of that fund
Longest holder
HDFC Hybrid Equity Fund
2y 8m · since Dec '23

Shares held by these funds +235%

Dec '23 1.84 cr shares Jul '26

What the price assumes

Attractive

To justify its price of ₹354, this stock must grow earnings at 6% every year for 7 years. Our analysis caps realistic growth at ~44%. At that growth it is worth ₹2379 — upside of 572%.

Growth the price implies
5.6% a year
for 7 years, fading to 4%
It has actually compounded at
50.6% a year
net profit, FY23–FY26 · EPS 43.6%
The gap
-0.4 pp
572% downside if it only repeats history
Price today ₹353.95 Value at the reference growth ₹2,379.43

Change the assumptions yourself →

All earnings calls (7)

Read the Q1 FY27 call →

Learn to analyse JK Tyre & Industries Limited

Guides on how to read this kind of business and the numbers that matter.