JK Tyre & Industries Ltd (JKTYRE) — share price & stock analysis

Market cap

₹11,431 Cr

P/E

12.9×

ROE

16.2%

vs own 10-yr valuation

55th pctile

Book value / share

₹210

EPS (TTM)

₹30.7

10-yr median P/E

12.3×

Revenue (FY26)

₹16,327 Cr

Profit after tax (FY26)

₹776 Cr

Weinstein stage

Stage 4 (9 weeks)

Data as of

1 July 2026

6 of the 6 things we track are currently moving the right way — nearly everything is pulling in the same direction.

Where the levels actually stand: ROCE 16% — decent; real debt (0.81× equity); margins mid-band. Momentum says which way things are moving; these say where they are.

Read this number for what it is: it measures the DIRECTION of change, not the quality of the business. A mediocre business getting better scores high here; a great one having a soft quarter scores low. Profit, sales and margins count double.

The price has run ahead of the profits

Since Mar 2016, the stock is up 374% while earnings per share grew 39%. The difference is re-rating — investors paying more for the same rupee of profit.pricettm_eps

That works until it doesn’t: from here, earnings have to do the lifting, because the multiple has already done its part.

Today’s P/E of 12.9× is the middle of its own range against its own 10-year history (55th percentile) — neither a bargain nor a stretch, by its own standards.pe_ratio

Price is the weekly close (₹). EPS is trailing-twelve-month profit per share, anchored on Screener's own snapshots; between snapshots it is filled from price ÷ P/E (an exact identity), and any fill straying more than 18% from the neighbouring snapshots is dropped rather than shown. The lower panel is the P/E — what the market pays per rupee of profit; the dotted line is its long-run median (12.3×).

The price is in a downtrend — fighting it is expensive

Stock prices move through four repeating stages: basing (1), advancing (2), topping (3) and declining (4). This one is in Stage 4: declining, 9 weeks in, confirmed.stage

The price is below its falling 200-day average — history says most of the damage in stocks happens here. Cheap can get cheaper in Stage 4.dma_200

Trailing NIFTY 500 for 9 weeks — relative strength is the market’s live opinion, and right now it is against it.rs_mansfield

What would end it: two Friday closes in a row below the 200-day line. That is the house exit rule — mechanical, no debates.dma_200

Profits are at an all-time high

Over 12 years, sales went from ₹7,583 Cr to ₹16,327 Cr (about 7% a year), and profit from ₹263 Cr to ₹776 Cr.revenuenet_profit

Margins took a round trip — down to 8.9% in FY18, back to 12.4% now. The profit growth survived the squeeze.operating_profit

Sales grew 12% last quarter — the 5th straight quarter of growth

Mar 26 sales were ₹4,223 Cr, up 12% on the same quarter last year.revenue

That makes 5 quarters of growth in a row — this is a trend, not a blip.revenue

Margins are widening — 10% → 13% in a year

Of every ₹100 of sales, the company keeps ₹12.7 as operating profit (a year ago it kept ₹9.7).opm_pct

Zoom out and this is the page's quiet hero: annual operating margin bottomed at 8.9% in FY23 and has been rebuilt to 12.4% — that recovery, not sales alone, is what powers the profit growth elsewhere on this page.operating_profit

The gross margin moved the same way (36% → 38%), so this is about input costs and pricing power — the raw-material equation improved.gpm_pctopm_pct

Profit exploded 80% — mostly from keeping more of each sale

Mar 26 profit after tax was ₹178 Cr, up 80% year on year.net_profit

The profits are real — they turn into cash

Over the last 5 profitable years, the business reported ₹2,555 Cr of profit and collected ₹5,344 Cr of operating cash — about 209% conversion.operating_cash_flownet_profit

When cash tracks profit this closely, the earnings need no asterisk.

The cash cycle is stable

One rupee now takes about 90 days to go out the door as materials and come back as collected cash — down from 96 days the year before.cash_conversion_cycle

Building hard — new capacity is under construction

The productive asset base has gone from ₹2,690 Cr (FY14) to ₹7,192 Cr, with another ₹1,091 Cr of capacity under construction right now.fixed_assetscwip

Work-in-progress is 15% of the existing asset base — that is a serious bet on future demand. Capacity like this shows up in sales with a lag; it is tomorrow’s growth being paid for today.cwip

The build is self-funded: the last 3 years' investing outflow (₹2,293 Cr) fits inside the operating cash the business generated (₹3,774 Cr).investing_cash_flowoperating_cash_flow

Carrying real debt

For every ₹100 shareholders have put in (and left in), the company has borrowed ₹81 — total borrowings have grown from ₹2,705 Cr to ₹4,882 Cr over the window.borrowings

Every ₹100 kept in the business earns ₹16 — decent, not special

Return on capital employed is 16.0% (a year ago: 13.0%). This is the single best test of business quality: what the company earns on the money it keeps.roce_pct

Rising returns on capital while growing is the rarest combination in investing — it means the new projects earn more than the old ones.roce_pct

Promoter holding dropped in one step — an event, not a slow exit

Promoters hold 51.7% (down 1.4 points over 8 quarters). Foreign funds own 18.6%, domestic funds 7.5%.promoters_pctfiis_pctdiis_pct

The promoter move came in a single step (Sep 24) — promoters rarely buy on-market, so a jump like this is almost always an allotment, infusion or restructuring: a capital event, not a slow accumulation of conviction. Worth knowing which, before reading it as a signal.promoters_pct

Worth studying deeper — with eyes open

The numbers lean positive, and the price already assumes the good news continues.

Best thing in the data: free cash flow rising (₹253 Cr → ₹817 Cr).operating_cash_flow

One dissent worth hearing: our technicals lens reads negative — “extended death detected. bearish MA stacking (Price < DMA50 < DMA200). momentum accelerating (1M: 0.6%). trending regime (Hurst: 0.62)”. When a lens disagrees with the committee, it is usually pointing at the thing that breaks first.

Machine-written research from Screener data — every number traces to its source column. Sector Alpha is not a SEBI-registered investment adviser; nothing here is a recommendation to buy or sell. Not investment advice.

Straight answers from the data