JK Tyre: long only stocks

JK Tyre: long only stocks
JK Tyre achieved highest ever sales & profits during 2024
Sales at Rs.15,046 crore was marginally higher with EBIDTA of Rs.2,122 crore increasing by 59% and PAT of Rs.811 crore registering a 2X increase.
During FY24, JK Tyre raised Rs.500 crore through QIP that helped deleverage in balance sheet.
This performance is attributed to continued focus on product premiumization, widening market reach and tech enabled manufacturing & digitalization across operations achieving better efficiencies.
Strategic initiatives to fortify balance sheet through equity infusion yielded fruitful results, reinforcing financial resilience
The Company has 12 globally benchmarked 'sustainable’ manufacturing facilities - 9 in India and 3 in Mexico - that collectively produce around 34 million tyres annually.
The Company also has a strong network of over 6000 dealers and 750+ dedicated Brand shops called as Steel Wheels, Truck Wheels and Xpress Wheels. JK Tyre exports to about IOO countries with over 230 global distributors

Rounaq Bakshi notes