JK TYRE & IND has announced its results for the year ended March 2018. Let us have a look at the detailed performance review of the company during FY17-18.
No. of Mths Year Ending | 12 Mar-17* | 12 Mar-18* | % Change | |
---|---|---|---|---|
Net Sales | Rs m | 70,609 | 82,721 | 17.2% |
Other income | Rs m | 654 | 1,461 | 123.3% |
Total Revenues | Rs m | 71,263 | 84,182 | 18.1% |
Gross profit | Rs m | 12,015 | 7,257 | -39.6% |
Depreciation | Rs m | 2,913 | 2,995 | 2.8% |
Interest | Rs m | 4,404 | 4,655 | 5.7% |
Profit before tax | Rs m | 5,352 | 1,068 | -80.0% |
Tax | Rs m | 1,554 | 439 | -71.8% |
Profit after tax | Rs m | 3,798 | 629 | -83.4% |
Gross profit margin | % | 17.0 | 8.8 | |
Effective tax rate | % | 29.0 | 41.1 | |
Net profit margin | % | 5.4 | 0.8 |
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No. of Mths Year Ending | 12 Mar-17* | 12 Mar-18* | % Change | |
---|---|---|---|---|
Networth | Rs m | 19,648 | 19,611 | -0.2 |
Current Liabilities | Rs m | 38,666 | 44,816 | 15.9 |
Long-term Debt | Rs m | 35,703 | 31,265 | -12.4 |
Total Liabilities | Rs m | 103,950 | 105,348 | 1.3 |
Current assets | Rs m | 40,578 | 37,744 | -7.0 |
Fixed Assets | Rs m | 63,372 | 67,604 | 6.7 |
Total Assets | Rs m | 103,950 | 105,348 | 1.3 |
Particulars | No. of months | 12 | 12 | % Change |
---|---|---|---|---|
Year Ending | Mar-17 | Mar-18 | ||
Cash Flow from Operating Activities | Rs m | 1,057 | 6,374 | 503.1% |
Cash Flow from Investing Activities | Rs m | -8,353 | -3,945 | - |
Cash Flow from Financing Activities | Rs m | 8,300 | -4,086 | - |
Net Cash Flow | Rs m | 1,283 | -1,651 | - |
No. of Mths Year Ending | 12 Mar-17* | 12 Mar-18* | |
---|---|---|---|
Sales per share (Unadj.) | Rs | 311.3 | 364.7 |
TTM Earnings per share | Rs | 16.7 | 2.8 |
Diluted earnings per share | Rs | 15.4 | 2.6 |
Price to Cash Flow | x | 4.8 | 10.0 |
TTM P/E ratio | x | 8.5 | 62.9 |
Price / Book Value ratio | x | 1.4 | 1.9 |
Market Cap | Rs m | 27,320 | 36,398 |
Dividends per share (Unadj.) | Rs | 2.5 | 1.5 |
Current Ratio: The company's current ratio deteriorated and stood at 0.8x during FY18, from 1.0x during FY17. The current ratio measures the company's ability to pay short-term and long-term obligations.
Interest Coverage Ratio: The company's interest coverage ratio deteriorated and stood at 1.2x during FY18, from 2.2x during FY17. The interest coverage ratio of a company states how easily a company can pay its interest expense on outstanding debt. A higher ratio is preferable.
Return on Equity (ROE): The ROE for the company declined and down at 3.2% during FY18, from 19.3% during FY18. The ROE measures the ability of a firm to generate profits from its shareholders capital in the company.
Return on Capital Employed (ROCE): The ROCE for the company declined and down at 11.2% during FY18, from 17.6% during FY17. The ROCE measures the ability of a firm to generate profits from its total capital (shareholder capital plus debt capital) employed in the company.
Return on Assets (ROA): The ROA of the company declined and down at 5.0% during FY18, from 7.9% during FY17. The ROA measures how efficiently the company uses its assets to generate earnings.
No. of Mths Year Ending | 12 Mar-17* | 12 Mar-18* | |
---|---|---|---|
Current ratio | x | 1.0 | 0.8 |
Debtors’ Days | Days | 9 | 7 |
Interest coverage | x | 2.2 | 1.2 |
Debt to equity ratio | x | 1.8 | 1.6 |
Return on assets | % | 7.9 | 5.0 |
Return on equity | % | 19.3 | 3.2 |
Return on capital employed | % | 17.6 | 11.2 |
To see how JK TYRE & IND has performed over the last 5 years, please visit here.
Over the last one year, JK TYRE & IND share price has moved up from Rs 131.4 to Rs 161.7, registering a gain of Rs 30.3 or around 23.0%.
Overall, the S&P BSE SENSEX is up 12.1% over the year.
(To know more, check out historical annual results for JK TYRE & IND and quarterly results for JK TYRE & IND)
JK TYRE & IND currently trades at Rs 407.7 per share. You can check out the latest share price performance of JK TYRE & IND here...
The revenues of JK TYRE & IND stood at Rs 84,182 m in FY18, which was up 18.1% compared to Rs 71,263 m reported in FY17.
JK TYRE & IND's revenue has grown from Rs 62,380 m in FY16 to Rs 84,182 m in FY18.
Over the past 3 years, the revenue of JK TYRE & IND has grown at a CAGR of 16.2%.
The net profit of JK TYRE & IND stood at Rs 629 m in FY18, which was down -83.4% compared to Rs 3,798 m reported in FY17.
This compares to a net profit of Rs 4,568 m in FY16.
Over the past 3 years, JK TYRE & IND net profit has grown at a CAGR of -62.9%.
The cash flow statement is the financial statement that presents the cash inflows and outflows of a company during a given period of time.
This statement is one of the most useful tools for judging a company's liquidity position. The ratios and parameters in this statement helps test a company's financial health.
The cash flow statement of JK TYRE & IND reveals:
Here's the cash flow statement of JK TYRE & IND for the past 3 years.
(Rs m) | FY16 | FY17 | FY18 |
---|---|---|---|
From Operations | 9,030 | 1,057 | 6,374 |
From Investments | -5,060 | -8,353 | -3,945 |
From Financial Activity | -4,224 | 8,300 | -4,086 |
Net Cashflow | -307 | 1,283 | -1,651 |
Be it the company's profitability, operations effectiveness or utilization of funds, ratio analysis is an important tool which helps in making investment decisions.
The ratio/financial analysis of JK TYRE & IND reveals:
Here's the ratio/financial analysis of JK TYRE & IND for the past 3 years.
FY16 | FY17 | FY18 | |
---|---|---|---|
Operating Profit Margin (%) | 17.8 | 17.0 | 8.8 |
Net Profit Margin (%) | 7.4 | 5.4 | 0.8 |
Debt to Equity Ratio (x) | 0.9 | 1.8 | 1.6 |
Read: Latest Annual Report Analysis of JK TYRE & IND
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