JK Tyre & Industries Ltd | Impressive Stock | Investing | Share Market Advise | Share Guru Weekly
BSE Code: 530007
Face Value: Rs 2.00
Market Price: Rs 103.40/-
04 Jan 19 | 16:00 | All Prices in INR
Jk Tyres & Industries Ltd has a combined production capacity of 3.2 crore tyres a year at its 12 plants. Of these, nine plants are in India and three in Mexico. It is the only company in the country that manufactures extra large size tyres with 12 ft height and 3.7 tons weight for off-road vehicles.
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With its strong network comprising 4,000 dealers, it is familiarising concepts of Dial-a-Tyre, Fix-a-Tyre throughout the country. It is conducting service centres under the brand name of Jk Tyres Steel Wheels at its 250 retail outlets. Its top brands include Vikrant, Tarnel, JK TYRE and Challenger.
The company apart from radial tyres for commercial vehicles and buses it is also selling premium tyres for 2-3 wheelers under theBlaze brand which it launched recently. In 2017-18, it introduced 180 new model tyres to the market. It acquired three plants from Birla Tyres company in 2016 that have a combined capacity of 85 lakh tyres a year.
Since these plants located in the Special Economic Zone (SEZ), the company is eligible for getting excise duty related benefits up to 2020.
In the second quarter of 2018-19, the consolidated net profit of the company jumped to Rs 59.1 Cr from Rs 17 Cr in the same period of the earlier year.
In the first six months of 2018-19, it earned a net profit of Rs 124.41 Cr versus a net loss of Rs 92.23 Cr it incurred in the corresponding period of the earlier year. The net profit in the latest half-year is more than the consolidated net profit of Rs 57.63 Cr it earned in the full financial year 2017-18.
The company paid a dividend of Rs 1.50 per share equivalent of 75% for the year 2017-18. In the equity capital of Rs 45.36 Cr, promoters are controlling 52.48% and FIIs 7.63%. The stock of the company is available at an attractive price of Rs 105 between the 52-week High of Rs 193 and Low of Rs 83.