JK TYREINDUSTRIES (India) Today

JKTYRE -  India Stock  

INR 145.15  2.85  2.00%

JK TYREINDUSTRIES is trading at 145.15 as of the 24th of July 2021, a 2.00 percent increase since the beginning of the trading day. The stock's open price was 142.3. JK TYREINDUSTRIES has about a 38 percent probability of financial distress in the next few years of operation but had a somewhat good performance during the last 90 days. Equity ratings for JK TYREINDUSTRIES are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of April 2021 and ending today, the 24th of July 2021. Click here to learn more.
 Market Performance
13 of 100
  Odds Of Distress
Less than 38
Follow Valuation Odds of Bankruptcy
Check how we calculate scores

JK TYREINDUSTRIES Stock Profile

JK Tyre Industries Limited develops, manufactures, markets, and distributes tyres, tubes, and flaps in India, Mexico, and internationally. JK Tyre Industries Limited was incorporated in 1951 and is headquartered in New Delhi, India. JK TYREINDUSTRIES operates under Auto Parts classification in India and is traded on National Stock Exchange of India. more on JK TYREINDUSTRIES
The company has accumulated 40.16 B in total debt with debt to equity ratio (D/E) of 1.45, which is about average as compared to similar companies. JK TYREINDUSTRIES has a current ratio of 0.96, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due.
About 64.0% of JK TYREINDUSTRIES shares are held by company insiders
Legal NameJK TYREINDUSTRIES
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of JK TYREINDUSTRIES's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong SellOvervalued
JK TYREINDUSTRIES (JKTYRE) is traded on National Stock Exchange of India in India and employs 1,369 people. The company currently falls under 'Large-Cap' category with current market capitalization of 35.68 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate JK TYREINDUSTRIES's market, we take the total number of its shares issued and multiply it by JK TYREINDUSTRIES's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities. JK TYREINDUSTRIES operates under Consumer Cyclical sector and is part of Auto Parts industry. The entity has 246.23 M outstanding shares. JK TYREINDUSTRIES has accumulated about 3.1 B in cash with 15.98 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 12.58.
Check JK TYREINDUSTRIES Probability Of Bankruptcy
Ownership
JK TYREINDUSTRIES secures a total of two hundred fourty-six million two hundred thirty thousand outstanding shares. JK TYREINDUSTRIES owns majority of its outstanding shares owned by insiders. An insider is usually defined as a corporate executive, director, member of the board or institutional investor who own at least 10% of the company outstanding shares. 64.31 % of JK TYREINDUSTRIES outstanding shares that are owned by insiders attests that they have been buying or selling the stock in recent months in anticipation of some upcoming event. Please note that no matter how much assets the company retains, if the real value of the firm is less than the current market value, you may not be able to make money on it.

Ownership Allocation (%)

Check JKTYRE Ownership Details

JKTYRE Stock Price Odds Analysis

What are JK TYREINDUSTRIES's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of JK TYREINDUSTRIES jumping above the current price in 90 days from now is about 13.49%. The JK TYREINDUSTRIES probability density function shows the probability of JK TYREINDUSTRIES stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon JK TYREINDUSTRIES has a beta of -0.5274. This indicates as returns on benchmark increase, returns on holding JK TYREINDUSTRIES are expected to decrease at a much lower rate. During the bear market, however, JK TYREINDUSTRIES is likely to outperform the market. Additionally, the company has an alpha of 0.3062, implying that it can generate a 0.31 percent excess return over DOW after adjusting for the inherited market risk (beta).
 Odds Down 145.15HorizonTargetOdds Up 145.15 
86.43%90 days
 145.15 
13.49%
Based on a normal probability distribution, the odds of JK TYREINDUSTRIES to move above the current price in 90 days from now is about 13.49 (This JK TYREINDUSTRIES probability density function shows the probability of JKTYRE Stock to fall within a particular range of prices over 90 days) .

JK TYREINDUSTRIES Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. JK TYREINDUSTRIES market risk premium is the additional return an investor will receive from holding JK TYREINDUSTRIES long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in JK TYREINDUSTRIES. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although JK TYREINDUSTRIES's alpha and beta are two of the key measurements used to evaluate JK TYREINDUSTRIES's performance over the market, the standard measures of volatility play an important role as well.

JKTYRE Stock Against Markets

Picking the right benchmark for JK TYREINDUSTRIES stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in JK TYREINDUSTRIES stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for JK TYREINDUSTRIES is critical whether you are bullish or bearish towards JK TYREINDUSTRIES at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in JK TYREINDUSTRIES without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Please see Risk vs Return Analysis. Note that the JK TYREINDUSTRIES information on this page should be used as a complementary analysis to other JK TYREINDUSTRIES's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

Other Tools for JKTYRE Stock

When running JK TYREINDUSTRIES price analysis, check to measure JK TYREINDUSTRIES's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy JK TYREINDUSTRIES is operating at the current time. Most of JK TYREINDUSTRIES's value examination focuses on studying past and present price action to predict the probability of JK TYREINDUSTRIES's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move JK TYREINDUSTRIES's price. Additionally, you may evaluate how the addition of JK TYREINDUSTRIES to your portfolios can decrease your overall portfolio volatility.
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