JK Tyre & Industries Ltd stands as one of India's premier tyre manufacturing companies and a significant player in the global automotive industry. The company is the flagship entity of the JK Group, headed by Dr. R P Singhania as Chairman and Managing Director, and ranks among the top 25 tyre manufacturers worldwide. JK Tyre has established itself as a global force with presence in 105 countries and over 230 global distributors.
The company operates 11 globally benchmarked 'sustainable' manufacturing facilities - 9 in India and 2 in Mexico - that collectively produce around 35 million tyres annually. The group operates geographically in India, Mexico, and other countries, with India accounting for the larger portion of revenue. JK Tyre is engaged in developing, manufacturing, marketing, and distributing automotive tyres, tubes, flaps, and ancillary services under the brand names JK Tyre, Vikrant, and Tornel, offering products including Truck/Bus Radial and Bias, Passenger car radials, 2/3 wheeler tires, LCV and SCV Bias and Radial, Off-Highway Tyres (OTR and Farm), as well as specialty tires for Racing, Military and Defence, Industrial and Farm applications.
JK Tyre pioneered radial technology in India, producing the first radial tyre in 1977 and currently holds the market leader position in the Truck Bus Radial segment. The company launched India's first ever 'Smart Tyre' technology and introduced Tyre Pressure Monitoring Systems (TPMS) which monitors the tyre's vital statistics, including pressure and temperature. In 2020, the company achieved a significant milestone by rolling out its 20 millionth Truck/Bus Radial tyre, becoming the first and only Indian company to reach this achievement.
The company's commitment to innovation is evident through its state-of-the-art global research and technology centre – the Raghupati Singhania Centre of Excellence - in Mysore, which houses some of the world's finest technologies and techniques. The company also operates The Hari Shankar Singhania Elastomer and Tyre Research Institute (HASETRI) and the JK Tyre Tech Centre, serving as hubs for new product development.
JK Tyre has built a strong network of over 6,000 dealers and 650+ dedicated brand shops called Steel Wheels and Xpress Wheels. The company provides end-to-end solutions across segments of passenger vehicles, commercial vehicles, farming, Off-the-Road, and two & three-wheelers. The company also operates a chain of tire outlets across India which sell the company's tires in addition to providing a range of automotive services, including wheel alignment and tire changing.
- Revenue: ₹3,694.34 Crore in Q3 FY2024-2025, showing a decline of 0.16% compared to the same period last year.
- Net Profit: ₹51.52 Crore in Q3 FY2024-2025, representing a significant decline of 76.68% year-over-year.
- Quarterly Growth: The company generated a 1.41% jump in revenue on a quarterly basis.
- Profit Margin: Net profit margin stood at 1.39% in Q3 FY2024-2025, down 76.64% from the previous year.
- Operating Performance: Operating income rose 2.4% year-on-year while operating profit increased by 65.8% during FY24.
- Profit Margins: Net profit margins grew from 1.8% in FY23 to 5.4% in FY24.
- Net Profit Growth: Net profit for the year grew by 206.5% year-over-year.
- Debt Management: Debt to Equity ratio improved to 0.5 in FY24 from 0.7 in FY23.
- Market Capitalization: ₹10,080 Crore as of recent data.
- Promoter Holding: 50.6% as maintained by the promoters.
- Earnings Per Share: ₹31.1 for the trailing twelve months, improved from ₹10.8 the previous year.
JK Tyre is the only Indian tyre manufacturer to be included in the list of Superbrands India in 2023 for the tenth year. The company is a 3-time recipient of the Economic Times - Iconic Brand of the Year Award. JK Tyre has been conferred the Sword of Honour for Safety across its plants by the British Safety Council, UK. The company, along with Apollo, CEAT, and MRF, has been recognized as one of the top 15 strongest tyre brands globally according to Brand Finance's latest report.
For Q4 FY25, JK Tyre reported revenue of ₹3,780 Crore with EBITDA of ₹384 Crore, while full year FY25 revenue reached ₹14,772 Crore with EBITDA of ₹1,678 Crore. The company has planned a capex of ₹900 Crore for FY26. India Ratings has affirmed JK Tyre's rating at 'AA-' with a stable outlook, reflecting its strong market position and improving product mix.
JK Tyre & Industries Ltd continues to strengthen its position as a leading tyre manufacturer in India while expanding its global footprint through strategic investments in technology, manufacturing capacity, and market reach. The company's focus on innovation, sustainability, and operational excellence positions it well for future growth in the evolving automotive industry.
