JK Tyre & Industries Limited

JKTYRE

INE573A01042

Tires & Rubber Products

Market Closed - Bombay S.E. Other stock markets 06:00:49 2024-05-09 am EDT			5-day change	1st Jan Change
392.9 ^INR	-2.04%		-6.91%	-1.37%

May. 02	Tyremaker CEAT's fourth-quarter profit falls on higher costs	RE
Mar. 29	Jk Tyre & Industries Limited Receives Order from Gst Authorities for Penalty	CI

Jk Tyre & Industries Limited Receives Order from Gst Authorities for Penalty

March 29, 2024 at 02:10 am EDT

JK Tyre & Industries Limited informed that the Company has received Order from GST Authorities, the details of which are given in Annexure A. account of cancellation of GST No. by the concerned dealer, and has imposed penalty of INR 9,806 for which the demand order been passed. The Order has been received by the Company on 28th March, 2024 at 12 Noon.

Impact on financial, operation: The total financial impact being INR 29,720 (interest + penalty + ITC) is insignificant.

Latest news about JK Tyre & Industries Limited

Tyremaker CEAT's fourth-quarter profit falls on higher costs	May. 02	RE
Jk Tyre & Industries Limited Receives Order from Gst Authorities for Penalty	Mar. 29	CI
India's MRF Q3 profit jumps three-fold on uptick in two-wheeler sales	Feb. 09	RE
Transcript : JK Tyre & Industries Limited, Q3 2024 Earnings Call, Feb 08, 2024	Feb. 08
JK Tyre & Industries's Fiscal Q3 Consolidated Net Profit Surges	Feb. 08	MT
India's Apollo Tyres third-quarter profit surges 70%	Feb. 07	RE
JK Tyre & Industries Limited Announces Appointment of Shri Kamal Kumar Manik as Joint Company Secretary	Feb. 06	CI
Jk Tyre & Industries Limited Declares Interim Dividend, Payable on 27 February, 2024	Feb. 06	CI
JK Tyre & Industries Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023	Feb. 06	CI
JK Tyre & Industries Limited Reports Earnings Results for the Nine Months Ended December 31, 2023	Feb. 06	CI
JK Tyre & Industries Successfully Raises Rs.500 Crore through Qualified Institutional Placement	Jan. 02	MT
JK Tyre & Industries Limited announced that it has received INR 4.999999785 billion in funding	Dec. 31	CI
JK Tyre Logs Sharp Rise in Fiscal Q2 Consolidated Profit	Nov. 02	MT
JK Tyre Gets Board Nod for Manufacturing Capacity Expansion	Nov. 01	MT
JK Tyre & Industries Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023	Nov. 01	CI
JK Tyre & Industries Limited Reports Earnings Results for the Half Year Ended September 30, 2023	Nov. 01	CI
India's Apollo Tyres Q1 profit more than doubles on lower costs	23-08-10	RE
JK Tyre & Industries Limited Declares Dividend for the Financial Year Ended 31 March 2023	23-08-04	CI
India's JK Tyre posts four-fold jump in profit on lower costs, strong demand	23-08-04	RE
JK Tyre & Industries Limited Reports Earnings Results for the First Quarter Ended June 30, 2023	23-08-04	CI
India's MRF reports five-fold jump in Q1 profit on cooling rubber prices, higher demand	23-08-03	RE
JK Tyre Completes First Phase of Capacity Expansion of Banmore, India Manufacturing Unit	23-06-29	MT
JK Tyre & Industries Ltd. Announces Completion of the First Phase of Capacity Expansion of their Manufacturing Facility Located in Banmore, Madhya Pradesh	23-06-29	CI
India Ratings Upgrades JK Tyre Rating to A+; Revises Outlook to Stable	23-06-21	MT
India Ratings Upgrades Rating on JK Tyre Unit to A; Revises Outlook to Stable	23-06-20	MT

Chart JK Tyre & Industries Limited

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Company Profile

JK Tyre & Industries Limited is an India-based tyre manufacturer. The Company and its subsidiaries are engaged in developing, manufacturing, marketing and distributing automotive tyres, tubes, flaps and retreads. The Company's segments include India, Mexico and Others. The Company markets its tyres for sale to vehicle manufacturers for fitment in original equipment and for sale in replacement markets worldwide. It provides end-to-end solutions across segments of passenger vehicles, commercial vehicles, farming, off-the-road, and two and three-wheelers. Its puncture guard product prevents punctures. It provides Smart Tyre technology and Tyre Pressure Monitoring Systems, which offers TREEL sensors that monitors the tyre's vital statistics, including pressure and temperature. It also has a network of over 6000 dealers and 650 brand shops called as Steel Wheels, Truck Wheels and Xpress Wheels. The Company has approximately 12 manufacturing facilities: nine in India and three in Mexico.

Sector

Tires & Rubber Products

Calendar

2024-05-15 - Q4 2024 Earnings Release (Projected)

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Ratings for JK Tyre & Industries Limited

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

392.9 INR

Average target price

506.2 INR

Spread / Average Target

+28.84%

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Sector Tire & Tube Manufacturers

	1st Jan change	Capi.
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PIRELLI & C. S.P.A.	+23.16%	6.47B
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BALKRISHNA INDUSTRIES LIMITED	-5.06%	5.72B
CHENG SHIN RUBBER IND. CO., LTD.	+8.46%	5B
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HANKOOK TIRE & TECHNOLOGY CO., LTD.	-3.74%	3.94B
QINGDAO SENTURY TIRE CO., LTD.	+34.71%	3.73B
PT MULTISTRADA ARAH SARANA TBK	+44.36%	3.14B
TRIANGLE TYRE CO.,LTD	+22.83%	1.91B

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