JK Tyre: Capacity Expansion Comes at Apt Time as Government Imposes ADD on Chinese Tyre Imports

Equity Analyst, LightStream Research

Chacko Jacob

Equity Analyst

Long-Short Analysis on Japan, Asia and the World

LightStream Research

LightStream conducts quantitatively rigorous and data-driven analysis with a focus on Japan and Asia.

We consistently cover the Tech, Consumer and Industrial sectors, and provide ECM and Events coverage more broadly.

We supplement traditional qualitative insights from company relationships with a robust quantitative foundation that examines as much historical data as is available.
We further refine the accuracy of our insights and calls through the use of alternative data to flesh out current trends, and through a valuation framework that emphasises non-superficial peer group selection and a proper attempt to understand the metrics and changes that have driven security valuations in the past.

Equity Bottom-Up

<h2><strong>FY2018 - A Year to Forget for JK Tyres</strong></h2><p><a href="https://www.smartkarma.com/entities/8501" target="_blank" data-smartkarma-citation="entities:8501:1">Jk Tyre &amp; Industries Ltd (JKI IN)</a> had a rocky start to the fiscal period with consolidated revenue for 1HFY2018 declining nearly 1% YoY while net losses amounted to INR 1bn for the same period. The company’s woes were mainly blamed on rising raw material prices which account for 60% of the total cost of production. The increase in rubber prices at the beginning of the year seems to have caught the industry as a whole off guard, but it was JK that suffered…</p>

FY2018 - A Year to Forget for JK TyresJk Tyre &amp; Industries Ltd (JKI IN) had a rocky start to the fiscal period with consolidated revenue for 1HFY2018 declining nearly 1% YoY while net losses amounted to INR 1bn for the same period. The company’s woes were mainly blamed on rising raw material prices which account for 60% of the total cost of production. The increase in rubber prices at the beginning of the year seems to have caught the industry as a whole off guard, but it was JK that suffered…

High Debt Levels Leave Fewer Options For JK Tyres to Chart Course for Future Growth

JK Tyre & Industries

High Debt Levels Leave Fewer Options For JK Tyres to Chart Course for Future Growth