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The flagship company of JK Organisation, JK Tyre & Industries Limited is one of India’s foremost tyre manufacturers and is also amongst the top 25 manufacturers in the world. The company offers a wide range of products catering to diverse business segments in the automobile industry. The company is also respected as one of ‘greenest’ tyre companies in the world, especially in the area of raw water consumption per unit of production, green-house gas emissions and energy consumption.

For the past few decades, the company has been at the forefront in driving innovation and excellence in the tyre industry through introduction of ground-breaking technologies and products that cater to diverse business segments in the automobile industry. Pioneers of radial technology, the company produced the first radial tyre in 1977 and is currently the market leader in Truck Bus Radial segment. In 2019, the company achieved a remarkable feat by entering the coveted Limca Book of Records with the country’s largest off-the-road tyre - VEM 045. The company provides end-to-end solutions across segments of passenger vehicles, commercial vehicles, farming, Off-the-Road and two & three-wheelers.

JK Tyre’s unwavering commitment towards innovation is reflected through the concerted efforts at its state-of-the-art global research and technology centre – the Raghupati Singhania Centre of Excellence - in Mysore. The Centre houses some of the world’s finest technologies and techniques, thereby, adding to the larger efforts of the company to put India on the global innovation map. The Hari Shankar Singhania Elastomer and Tyre Research Institute (HASETRI) - which fulfils need for globally competitive technologies for tyres and polymers and the JK Tyre Tech Centre, a hub for new product development catering to current and emerging needs of customers.

Business area of the company

The company is engaged in the manufacture and marketing of automotive tyres, tubes and flaps. The Company’s tyre products comprise Truck/Bus Radial & Bias , Passenger car radials, 2/3 wheeler tyres, LCV & SCV Bias & Radial, Off-Highway Tyres (OTR and Farm), as well as speciality tyres for Racing, Military/ Defence, Industrial and Farm applications.

Company	Market Price	MCAP(Cr)	P/B	P/E	EPS	ROE
JKTYRE	184.1(-0.3%)	4,624	1.6	25.2	9.5	7.3
GOODYEAR	1200(0.8%)	2,803	3.9	22.8	13.6	10.0
TVSSRICHAK	2883.9(0.7%)	2,193	2.1	31.3	7.2	4.8
CEATLTD	1896.65(-1.6%)	7,799	2.3	37.8	13.1	8.4
BIRLATYRE	4.4(-2.2%)	65	-0.1	0.0	-24.3	0.0
APOLLOTYRE	391(-0.1%)	24,852	2.5	42.9	7.3	6.9
MRF	96454.45(-0.4%)	41,382	2.9	50.7	7.3	4.9
BALKRISIND	2299.85(0.9%)	44,208	5.8	41.0	24.2	22.2

Peer Comparison