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JK TYRE & INDUSTRIES LTD.
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Let's analyse JK TYRE & INDUSTRIES LTD. together

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I'm going to help you getting a better view of JK TYRE & INDUSTRIES LTD.. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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Quick analysis of JK TYRE & INDUSTRIES LTD. (30 sec.)










What can you expect buying and holding a share of JK TYRE & INDUSTRIES LTD.? (30 sec.)

How much money do you get?

How much money do you get?
INR0.07
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
INR134.08
Expected worth in 1 year
INR218.22
How sure are you?
100.0%

+ What do you gain per year?

Total Gains per Share
INR89.80
Return On Investment
20.8%

For what price can you sell your share?

Current Price per Share
INR431.70
Expected price per share
INR353.03 - INR531.12
How sure are you?
50%

1. Valuation of JK TYRE & INDUSTRIES LTD. (5 min.)




Live pricePrice per Share (EOD)

INR431.70

Intrinsic Value Per Share

INR59.95 - INR61.53

Total Value Per Share

INR194.03 - INR195.61

2. Growth of JK TYRE & INDUSTRIES LTD. (5 min.)




Is JK TYRE & INDUSTRIES LTD. growing?

Current yearPrevious yearGrowGrow %
How rich?$419.5m$353.6m$65.8m15.7%

How much money is JK TYRE & INDUSTRIES LTD. making?

Current yearPrevious yearGrowGrow %
Making money$31.4m$25.2m$6.2m20.0%
Net Profit Margin1.8%1.8%--

How much money comes from the company's main activities?

3. Financial Health of JK TYRE & INDUSTRIES LTD. (5 min.)




4. Comparing to competitors in the Auto Parts industry (5 min.)




  Industry Rankings (Auto Parts)  


Richest
#176 / 564

Most Revenue
#44 / 564

Most Profit
#87 / 564

Most Efficient
#364 / 564

What can you expect buying and holding a share of JK TYRE & INDUSTRIES LTD.? (5 min.)

Welcome investor! JK TYRE & INDUSTRIES LTD.'s management wants to use your money to grow the business. In return you get a share of JK TYRE & INDUSTRIES LTD..

What can you expect buying and holding a share of JK TYRE & INDUSTRIES LTD.?

First you should know what it really means to hold a share of JK TYRE & INDUSTRIES LTD.. And how you can make/lose money.

Speculation

The Price per Share of JK TYRE & INDUSTRIES LTD. is INR431.70. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of JK TYRE & INDUSTRIES LTD..
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in JK TYRE & INDUSTRIES LTD., you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is INR134.08. Based on the TTM, the Book Value Change Per Share is INR21.03 per quarter. Based on the YOY, the Book Value Change Per Share is INR6.46 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is INR1.42 per quarter.
Based on historical numbers we can estimate the returns while holding a share of JK TYRE & INDUSTRIES LTD..

How much money are you going to get?

 MRQTTMYOY5Y10Y
 INR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per Share
Usd Eps0.120.0%0.120.0%0.100.0%0.100.0%0.100.0%
Usd Book Value Change Per Share0.250.1%0.250.1%0.080.0%0.320.1%0.320.1%
Usd Dividend Per Share0.020.0%0.020.0%0.020.0%0.020.0%0.020.0%
Usd Total Gains Per Share0.270.1%0.270.1%0.100.0%0.340.1%0.340.1%
Usd Price Per Share1.86-1.86-1.41-1.23-1.23-
Price to Earnings Ratio15.39-15.39-14.56-11.89-11.89-
Price-to-Total Gains Ratio6.90-6.90-14.05-10.94-10.94-
Price to Book Ratio1.16-1.16-1.04-0.93-0.93-
Price-to-Total Gains Ratio6.90-6.90-14.05-10.94-10.94-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share5.1804
Number of shares193
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.020.02
Usd Book Value Change Per Share0.250.32
Usd Total Gains Per Share0.270.34
Gains per Quarter (193 shares)52.0065.21
Gains per Year (193 shares)207.98260.82
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
11319519812248251
22639040625497512
33958561437745773
452779822509941034
56697410306212421295
679116912387414911556
792136414468717391817
8105155916549919872078
91181754186211222362339
101311949207012424842600

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%5.00.00.0100.0%5.00.00.0100.0%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%5.00.00.0100.0%5.00.00.0100.0%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%5.00.00.0100.0%5.00.00.0100.0%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%5.00.00.0100.0%5.00.00.0100.0%

Fundamentals of JK TYRE & INDUSTRIES LTD.

About JK TYRE & INDUSTRIES LTD.

JK Tyre & Industries Limited develops, manufactures, markets, and distributes automotive tyres, tubes, flaps, and retreads in India, Mexico, and internationally. The company offers truck/bus bias and radial, light and small commercial vehicle, farm, passenger car radial, off the road and industrial, military/defense, specialty, two- and three-wheeler, motorcycle and scooter, and racing car tyres, as well as retreads. It operates tyre care centers that are involved in the repair, inflation pressure check, wheel alignment and balancing, rotation, and servicing of tyres. In addition, it provides its products under JK Tyre, Vikrant, and Tornel brands. The company markets its products and services through a network of Steel Wheels, Xpress Wheels, Truck Wheels, and Retread centers, as well as brand shops. JK Tyre & Industries Limited was incorporated in 1951 and is headquartered in New Delhi, India.

Fundamental data was last updated by Penke on 2024-03-19 23:45:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is unable to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is fair priced.
Based on how much money comes from the company's main activities, the company is cheap.

1.1. Profitability of JK TYRE & INDUSTRIES LTD..

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit JK TYRE & INDUSTRIES LTD. earns for each ₹1 of revenue.

  • Above 10% is considered healthy but always compare JK TYRE & INDUSTRIES LTD. to the Auto Parts industry mean.
  • A Net Profit Margin of 1.8% means that ₹0.02 for each ₹1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of JK TYRE & INDUSTRIES LTD.:

  • The MRQ is 1.8%. The company is making a profit. +1
  • The TTM is 1.8%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ1.8%TTM1.8%0.0%
TTM1.8%YOY1.8%+0.0%
TTM1.8%5Y2.1%-0.3%
5Y2.1%10Y2.1%0.0%
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ1.8%3.9%-2.1%
TTM1.8%3.6%-1.8%
YOY1.8%3.5%-1.7%
5Y2.1%2.9%-0.8%
10Y2.1%4.0%-1.9%
1.1.2. Return on Assets

Shows how efficient JK TYRE & INDUSTRIES LTD. is using its assets to generate profit.

  • Above 5% is considered healthy but always compare JK TYRE & INDUSTRIES LTD. to the Auto Parts industry mean.
  • 2.1% Return on Assets means that JK TYRE & INDUSTRIES LTD. generated ₹0.02 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of JK TYRE & INDUSTRIES LTD.:

  • The MRQ is 2.1%. Using its assets, the company is less efficient in making profit.
  • The TTM is 2.1%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ2.1%TTM2.1%0.0%
TTM2.1%YOY1.7%+0.4%
TTM2.1%5Y1.9%+0.2%
5Y1.9%10Y1.9%0.0%
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ2.1%1.2%+0.9%
TTM2.1%1.0%+1.1%
YOY1.7%1.0%+0.7%
5Y1.9%1.0%+0.9%
10Y1.9%1.2%+0.7%
1.1.3. Return on Equity

Shows how efficient JK TYRE & INDUSTRIES LTD. is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare JK TYRE & INDUSTRIES LTD. to the Auto Parts industry mean.
  • 7.7% Return on Equity means JK TYRE & INDUSTRIES LTD. generated ₹0.08 for each ₹1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of JK TYRE & INDUSTRIES LTD.:

  • The MRQ is 7.7%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 7.7%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ7.7%TTM7.7%0.0%
TTM7.7%YOY7.4%+0.4%
TTM7.7%5Y8.2%-0.5%
5Y8.2%10Y8.2%0.0%
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ7.7%2.4%+5.3%
TTM7.7%2.2%+5.5%
YOY7.4%2.1%+5.3%
5Y8.2%1.8%+6.4%
10Y8.2%2.3%+5.9%

1.2. Operating Efficiency of JK TYRE & INDUSTRIES LTD..

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient JK TYRE & INDUSTRIES LTD. is operating .

  • Measures how much profit JK TYRE & INDUSTRIES LTD. makes for each ₹1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare JK TYRE & INDUSTRIES LTD. to the Auto Parts industry mean.
  • An Operating Margin of 6.1% means the company generated ₹0.06  for each ₹1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of JK TYRE & INDUSTRIES LTD.:

  • The MRQ is 6.1%. The company is operating less efficient.
  • The TTM is 6.1%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ6.1%TTM6.1%0.0%
TTM6.1%YOY5.8%+0.3%
TTM6.1%5Y7.4%-1.3%
5Y7.4%10Y7.4%0.0%
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ6.1%6.0%+0.1%
TTM6.1%3.6%+2.5%
YOY5.8%4.6%+1.2%
5Y7.4%4.9%+2.5%
10Y7.4%4.8%+2.6%
1.2.2. Operating Ratio

Measures how efficient JK TYRE & INDUSTRIES LTD. is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Auto Parts industry mean).
  • An Operation Ratio of 1.62 means that the operating costs are ₹1.62 for each ₹1 in net sales.

Let's take a look of the Operating Ratio trends of JK TYRE & INDUSTRIES LTD.:

  • The MRQ is 1.623. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.623. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.623TTM1.6230.000
TTM1.623YOY1.633-0.010
TTM1.6235Y1.582+0.041
5Y1.58210Y1.5820.000
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ1.6231.618+0.005
TTM1.6231.616+0.007
YOY1.6331.621+0.012
5Y1.5821.568+0.014
10Y1.5821.278+0.304

1.3. Liquidity of JK TYRE & INDUSTRIES LTD..

1.3. Liquidity
1.3.1. Current Ratio

Measures if JK TYRE & INDUSTRIES LTD. is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Auto Parts industry mean).
  • A Current Ratio of 1.03 means the company has ₹1.03 in assets for each ₹1 in short-term debts.

Let's take a look of the Current Ratio trends of JK TYRE & INDUSTRIES LTD.:

  • The MRQ is 1.029. The company is just able to pay all its short-term debts.
  • The TTM is 1.029. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.029TTM1.0290.000
TTM1.029YOY0.953+0.076
TTM1.0295Y0.962+0.067
5Y0.96210Y0.9620.000
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ1.0291.649-0.620
TTM1.0291.646-0.617
YOY0.9531.604-0.651
5Y0.9621.579-0.617
10Y0.9621.351-0.389
1.3.2. Quick Ratio

Measures if JK TYRE & INDUSTRIES LTD. is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare JK TYRE & INDUSTRIES LTD. to the Auto Parts industry mean.
  • A Quick Ratio of 0.49 means the company can pay off ₹0.49 for each ₹1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of JK TYRE & INDUSTRIES LTD.:

  • The MRQ is 0.486. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.486. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.486TTM0.4860.000
TTM0.486YOY0.354+0.132
TTM0.4865Y0.414+0.073
5Y0.41410Y0.4140.000
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4860.698-0.212
TTM0.4860.714-0.228
YOY0.3540.742-0.388
5Y0.4140.752-0.338
10Y0.4140.782-0.368

1.4. Solvency of JK TYRE & INDUSTRIES LTD..

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of JK TYRE & INDUSTRIES LTD. assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare JK TYRE & INDUSTRIES LTD. to Auto Parts industry mean.
  • A Debt to Asset Ratio of 0.72 means that JK TYRE & INDUSTRIES LTD. assets are financed with 71.9% credit (debt) and the remaining percentage (100% - 71.9%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of JK TYRE & INDUSTRIES LTD.:

  • The MRQ is 0.719. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.719. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.719TTM0.7190.000
TTM0.719YOY0.759-0.040
TTM0.7195Y0.759-0.040
5Y0.75910Y0.7590.000
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ0.7190.497+0.222
TTM0.7190.497+0.222
YOY0.7590.497+0.262
5Y0.7590.497+0.262
10Y0.7590.487+0.272
1.4.2. Debt to Equity Ratio

Measures if JK TYRE & INDUSTRIES LTD. is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare JK TYRE & INDUSTRIES LTD. to the Auto Parts industry mean.
  • A Debt to Equity ratio of 263.6% means that company has ₹2.64 debt for each ₹1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of JK TYRE & INDUSTRIES LTD.:

  • The MRQ is 2.636. The company is unable to pay all its debts with equity. -1
  • The TTM is 2.636. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ2.636TTM2.6360.000
TTM2.636YOY3.265-0.629
TTM2.6365Y3.334-0.698
5Y3.33410Y3.3340.000
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ2.6361.014+1.622
TTM2.6361.017+1.619
YOY3.2651.031+2.234
5Y3.3341.040+2.294
10Y3.3341.047+2.287

2. Market Valuation of JK TYRE & INDUSTRIES LTD.

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every ₹1 in earnings JK TYRE & INDUSTRIES LTD. generates.

  • Above 15 is considered overpriced but always compare JK TYRE & INDUSTRIES LTD. to the Auto Parts industry mean.
  • A PE ratio of 15.39 means the investor is paying ₹15.39 for every ₹1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of JK TYRE & INDUSTRIES LTD.:

  • The EOD is 42.881. Based on the earnings, the company is overpriced. -1
  • The MRQ is 15.391. Based on the earnings, the company is fair priced.
  • The TTM is 15.391. Based on the earnings, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD42.881MRQ15.391+27.490
MRQ15.391TTM15.3910.000
TTM15.391YOY14.562+0.829
TTM15.3915Y11.892+3.499
5Y11.89210Y11.8920.000
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
EOD42.88112.519+30.362
MRQ15.39111.721+3.670
TTM15.39112.530+2.861
YOY14.56215.239-0.677
5Y11.89216.864-4.972
10Y11.89221.191-9.299
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of JK TYRE & INDUSTRIES LTD.:

  • The EOD is 14.790. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 5.309. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 5.309. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD14.790MRQ5.309+9.482
MRQ5.309TTM5.3090.000
TTM5.309YOY96.052-90.743
TTM5.3095Y22.933-17.625
5Y22.93310Y22.9330.000
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
EOD14.7905.310+9.480
MRQ5.3094.924+0.385
TTM5.3093.607+1.702
YOY96.0521.026+95.026
5Y22.9332.264+20.669
10Y22.9332.514+20.419
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of JK TYRE & INDUSTRIES LTD. is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Auto Parts industry mean).
  • A PB ratio of 1.16 means the investor is paying ₹1.16 for each ₹1 in book value.

Let's take a look of the Price to Book Ratio trends of JK TYRE & INDUSTRIES LTD.:

  • The EOD is 3.220. Based on the equity, the company is fair priced.
  • The MRQ is 1.156. Based on the equity, the company is underpriced. +1
  • The TTM is 1.156. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD3.220MRQ1.156+2.064
MRQ1.156TTM1.1560.000
TTM1.156YOY1.038+0.118
TTM1.1565Y0.928+0.227
5Y0.92810Y0.9280.000
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
EOD3.2201.521+1.699
MRQ1.1561.481-0.325
TTM1.1561.516-0.360
YOY1.0381.624-0.586
5Y0.9281.700-0.772
10Y0.9282.242-1.314
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of JK TYRE & INDUSTRIES LTD. compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--21.03421.0340%6.460+226%26.817-22%26.817-22%
Book Value Per Share--134.084134.0840%113.049+19%107.923+24%107.923+24%
Current Ratio--1.0291.0290%0.953+8%0.962+7%0.962+7%
Debt To Asset Ratio--0.7190.7190%0.759-5%0.759-5%0.759-5%
Debt To Equity Ratio--2.6362.6360%3.265-19%3.334-21%3.334-21%
Dividend Per Share--1.4161.4160%1.889-25%1.338+6%1.338+6%
Eps--10.06710.0670%8.055+25%8.583+17%8.583+17%
Free Cash Flow Per Share--29.18829.1880%1.221+2290%26.867+9%26.867+9%
Free Cash Flow To Equity Per Share--29.18829.1880%-2.468+108%3.692+690%3.692+690%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--61.527--------
Intrinsic Value_10Y_min--59.946--------
Intrinsic Value_1Y_max--23.427--------
Intrinsic Value_1Y_min--22.764--------
Intrinsic Value_3Y_max--57.233--------
Intrinsic Value_3Y_min--54.287--------
Intrinsic Value_5Y_max--75.179--------
Intrinsic Value_5Y_min--70.108--------
Market Cap112554550800.000+64%40399183800.00040399183800.0000%30582925200.000+32%26784176520.000+51%26784176520.000+51%
Net Profit Margin--0.0180.0180%0.018+1%0.021-15%0.021-15%
Operating Margin--0.0610.0610%0.058+5%0.074-17%0.074-17%
Operating Ratio--1.6231.6230%1.633-1%1.582+3%1.582+3%
Pb Ratio3.220+64%1.1561.1560%1.038+11%0.928+24%0.928+24%
Pe Ratio42.881+64%15.39115.3910%14.562+6%11.892+29%11.892+29%
Price Per Share431.700+64%154.950154.9500%117.300+32%102.730+51%102.730+51%
Price To Free Cash Flow Ratio14.790+64%5.3095.3090%96.052-94%22.933-77%22.933-77%
Price To Total Gains Ratio19.229+64%6.9026.9020%14.049-51%10.941-37%10.941-37%
Quick Ratio--0.4860.4860%0.354+37%0.414+18%0.414+18%
Return On Assets--0.0210.0210%0.017+23%0.019+10%0.019+10%
Return On Equity--0.0770.0770%0.074+5%0.082-6%0.082-6%
Total Gains Per Share--22.45122.4510%8.349+169%28.154-20%28.154-20%
Usd Book Value--419505600.000419505600.0000%353696400.000+19%337657680.000+24%337657680.000+24%
Usd Book Value Change Per Share--0.2520.2520%0.078+226%0.322-22%0.322-22%
Usd Book Value Per Share--1.6091.6090%1.357+19%1.295+24%1.295+24%
Usd Dividend Per Share--0.0170.0170%0.023-25%0.016+6%0.016+6%
Usd Eps--0.1210.1210%0.097+25%0.103+17%0.103+17%
Usd Free Cash Flow--91321200.00091321200.0000%3820800.000+2290%84059040.000+9%84059040.000+9%
Usd Free Cash Flow Per Share--0.3500.3500%0.015+2290%0.322+9%0.322+9%
Usd Free Cash Flow To Equity Per Share--0.3500.3500%-0.030+108%0.044+690%0.044+690%
Usd Market Cap1350654609.600+64%484790205.600484790205.6000%366995102.400+32%321410118.240+51%321410118.240+51%
Usd Price Per Share5.180+64%1.8591.8590%1.408+32%1.233+51%1.233+51%
Usd Profit--31497600.00031497600.0000%25202400.000+25%26854560.000+17%26854560.000+17%
Usd Revenue--1757392800.0001757392800.0000%1422348000.000+24%1310582160.000+34%1310582160.000+34%
Usd Total Gains Per Share--0.2690.2690%0.100+169%0.338-20%0.338-20%
 EOD+4 -4MRQTTM+0 -0YOY+29 -65Y+23 -1210Y+23 -12

3.2. Fundamental Score

Let's check the fundamental score of JK TYRE & INDUSTRIES LTD. based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1542.881
Price to Book Ratio (EOD)Between0-13.220
Net Profit Margin (MRQ)Greater than00.018
Operating Margin (MRQ)Greater than00.061
Quick Ratio (MRQ)Greater than10.486
Current Ratio (MRQ)Greater than11.029
Debt to Asset Ratio (MRQ)Less than10.719
Debt to Equity Ratio (MRQ)Less than12.636
Return on Equity (MRQ)Greater than0.150.077
Return on Assets (MRQ)Greater than0.050.021
Total4/10 (40.0%)

3.3. Technical Score

Let's check the technical score of JK TYRE & INDUSTRIES LTD. based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5039.902
Ma 20Greater thanMa 50459.400
Ma 50Greater thanMa 100481.030
Ma 100Greater thanMa 200423.497
OpenGreater thanClose424.600
Total2/5 (40.0%)



Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2019-03-312020-03-312021-03-312022-03-312023-03-31
Other Stockholders Equity  -552,800-510,100-1,062,900392,900-670,000162,900-507,1003,223,0002,715,900
Net Working Capital  -1,935,500-3,351,200-5,286,7004,519,800-766,900-1,873,400-2,640,3004,147,3001,507,000



Latest Balance Sheet

Balance Sheet of 2023-03-31. Currency in INR. All numbers in thousands.

Summary
Total Assets124,485,600
Total Liabilities89,526,800
Total Stockholder Equity33,961,600
 As reported
Total Liabilities 89,526,800
Total Stockholder Equity+ 33,961,600
Total Assets = 124,485,600

Assets

Total Assets124,485,600
Total Current Assets54,115,100
Long-term Assets70,370,500
Total Current Assets
Cash And Cash Equivalents 1,731,500
Short-term Investments 2,757,600
Net Receivables 22,832,200
Inventory 21,705,300
Other Current Assets 5,507,100
Total Current Assets  (as reported)54,115,100
Total Current Assets  (calculated)54,533,700
+/- 418,600
Long-term Assets
Property Plant Equipment 63,994,200
Intangible Assets 2,571,300
Other Assets 2,477,100
Long-term Assets  (as reported)70,370,500
Long-term Assets  (calculated)69,042,600
+/- 1,327,900

Liabilities & Shareholders' Equity

Total Current Liabilities52,608,100
Long-term Liabilities36,918,700
Total Stockholder Equity33,961,600
Total Current Liabilities
Short Long Term Debt 24,231,800
Accounts payable 18,196,300
Other Current Liabilities 1,259,400
Total Current Liabilities  (as reported)52,608,100
Total Current Liabilities  (calculated)43,687,500
+/- 8,920,600
Long-term Liabilities
Long term Debt 23,603,600
Capital Lease Obligations Min Short Term Debt988,100
Long-term Liabilities Other 600
Deferred Long Term Liability 59,100
Long-term Liabilities  (as reported)36,918,700
Long-term Liabilities  (calculated)24,651,400
+/- 12,267,300
Total Stockholder Equity
Common Stock492,500
Retained Earnings 26,194,000
Other Stockholders Equity 2,715,900
Total Stockholder Equity (as reported)33,961,600
Total Stockholder Equity (calculated)29,402,400
+/- 4,559,200
Other
Capital Stock492,500
Common Stock Shares Outstanding 246,231
Net Debt 46,103,900
Net Invested Capital 81,797,000
Net Working Capital 1,507,000
Property Plant and Equipment Gross 63,994,200



Balance Sheet

Currency in INR. All numbers in thousands.

 Trend2023-03-312022-03-312021-03-312020-03-312019-03-312018-03-312017-03-31
> Total Assets 
0
0
113,164,100
112,901,700
109,866,900
122,476,500
124,485,600
124,485,600122,476,500109,866,900112,901,700113,164,10000
   > Total Current Assets 
40,578,400
37,744,400
44,457,800
42,052,500
40,920,000
53,338,700
54,115,100
54,115,10053,338,70040,920,00042,052,50044,457,80037,744,40040,578,400
       Cash And Cash Equivalents 
0
0
1,093,300
653,900
886,600
940,500
1,731,500
1,731,500940,500886,600653,9001,093,30000
       Short-term Investments 
0
0
221,700
113,600
52,300
14,300
2,757,600
2,757,60014,30052,300113,600221,70000
       Net Receivables 
18,965,100
16,826,800
20,961,800
18,484,200
15,754,200
19,798,600
22,832,200
22,832,20019,798,60015,754,20018,484,20020,961,80016,826,80018,965,100
       Inventory 
13,204,200
14,484,700
16,890,900
16,178,400
17,892,900
24,326,200
21,705,300
21,705,30024,326,20017,892,90016,178,40016,890,90014,484,70013,204,200
       Other Current Assets 
3,670,800
4,740,600
4,972,800
5,248,900
4,901,300
6,863,200
5,507,100
5,507,1006,863,2004,901,3005,248,9004,972,8004,740,6003,670,800
   > Long-term Assets 
0
0
68,706,300
70,849,200
68,946,900
69,137,800
70,370,500
70,370,50069,137,80068,946,90070,849,20068,706,30000
       Property Plant Equipment 
61,068,800
61,834,400
62,445,900
64,483,100
63,053,600
62,985,300
63,994,200
63,994,20062,985,30063,053,60064,483,10062,445,90061,834,40061,068,800
       Intangible Assets 
0
0
2,468,500
2,118,300
2,304,100
2,310,700
2,571,300
2,571,3002,310,7002,304,1002,118,3002,468,50000
       Long-term Assets Other 
0
0
225,400
190,100
14,500
18,600
635,400
635,40018,60014,500190,100225,40000
> Total Liabilities 
0
0
88,957,800
88,641,100
82,076,600
93,001,800
89,526,800
89,526,80093,001,80082,076,60088,641,10088,957,80000
   > Total Current Liabilities 
38,665,600
44,816,000
46,393,300
47,339,200
41,686,900
55,979,000
52,608,100
52,608,10055,979,00041,686,90047,339,20046,393,30044,816,00038,665,600
       Short Long Term Debt 
0
0
24,403,500
23,982,900
17,957,500
26,392,700
24,231,800
24,231,80026,392,70017,957,50023,982,90024,403,50000
       Accounts payable 
12,137,400
11,653,800
15,990,200
16,884,100
15,740,700
21,885,200
18,196,300
18,196,30021,885,20015,740,70016,884,10015,990,20011,653,80012,137,400
       Other Current Liabilities 
3,161,100
3,203,100
3,155,700
845,400
681,400
1,054,700
1,259,400
1,259,4001,054,700681,400845,4003,155,7003,203,1003,161,100
   > Long-term Liabilities 
0
0
42,564,500
41,301,900
40,389,700
37,022,800
36,918,700
36,918,70037,022,80040,389,70041,301,90042,564,50000
       Capital Lease Obligations Min Short Term Debt
0
0
0
1,863,800
1,442,100
1,051,800
988,100
988,1001,051,8001,442,1001,863,800000
       Long-term Liabilities Other 
0
0
0
0
0
0
600
600000000
       Deferred Long Term Liability 
0
0
0
148,500
122,700
70,500
59,100
59,10070,500122,700148,500000
> Total Stockholder Equity
0
0
22,844,000
23,313,500
26,727,400
28,483,100
33,961,600
33,961,60028,483,10026,727,40023,313,50022,844,00000
   Common Stock
453,600
453,600
492,500
492,500
492,500
492,500
492,500
492,500492,500492,500492,500492,500453,600453,600
   Retained Earnings Total Equity0000000
   Accumulated Other Comprehensive Income 0000000
   Capital Surplus 0000000
   Treasury Stock0000000
   Other Stockholders Equity 
-271,400
-463,200
-552,800
-1,062,900
-670,000
-507,100
2,715,900
2,715,900-507,100-670,000-1,062,900-552,800-463,200-271,400



Balance Sheet

Currency in INR. All numbers in thousands.




Cash Flow

Currency in INR. All numbers in thousands.




Income Statement

Currency in INR. All numbers in thousands.


Latest Income Statement (annual, 2023-03-31)

Gross Profit (+$)
totalRevenue146,449,400
Cost of Revenue-100,109,400
Gross Profit46,340,00046,340,000
 
Operating Income (+$)
Gross Profit46,340,000
Operating Expense-137,541,900
Operating Income8,907,500-91,201,900
 
Operating Expense (+$)
Research Development0
Selling General Administrative8,058,700
Selling And Marketing Expenses0
Operating Expense137,541,9008,058,700
 
Net Interest Income (+$)
Interest Income21,500
Interest Expense-4,545,000
Other Finance Cost-21,500
Net Interest Income-4,545,000
 
Pretax Income (+$)
Operating Income8,907,500
Net Interest Income-4,545,000
Other Non-Operating Income Expenses0
Income Before Tax (EBT)4,112,5008,907,500
EBIT - interestExpense = 4,383,100
2,624,800
7,169,800
Interest Expense4,545,000
Earnings Before Interest and Taxes (EBIT)8,928,1008,657,500
Earnings Before Interest and Taxes (EBITDA)12,728,100
 
After tax Income (+$)
Income Before Tax4,112,500
Tax Provision-1,465,100
Net Income From Continuing Ops2,630,5002,647,400
Net Income2,624,800
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses18,985,000
Total Other Income/Expenses Net04,545,000
 

Technical Analysis of JK TYRE & INDUSTRIES LTD.
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of JK TYRE & INDUSTRIES LTD.. The general trend of JK TYRE & INDUSTRIES LTD. is BULLISH with 42.9% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine JK TYRE & INDUSTRIES LTD.'s overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (42.9%) Bearish trend (-42.9%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of JK TYRE & INDUSTRIES LTD..

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 467.45 < 490.55 < 531.12.

The bearish price targets are: 403.45 > 397.84 > 353.03.

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JK TYRE & INDUSTRIES LTD. Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of JK TYRE & INDUSTRIES LTD.. The current mas is .

The long score for the Moving Averages is 10/14.
The longshort score for the Moving Averages is 6/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close < MA 20: The price is below the MA 20. -1
  • MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close < MA 50: The price is below the MA 50. -1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

JK TYRE & INDUSTRIES LTD. Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of JK TYRE & INDUSTRIES LTD.. The current macd is -19.56509991.

The long score for the Moving Average Convergence/Divergence (MACD) is 1/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -2/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the JK TYRE & INDUSTRIES LTD. price going down in the near term. -2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for JK TYRE & INDUSTRIES LTD.. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the JK TYRE & INDUSTRIES LTD. price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
JK TYRE & INDUSTRIES LTD. Daily Moving Average Convergence/Divergence (MACD) ChartJK TYRE & INDUSTRIES LTD. Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of JK TYRE & INDUSTRIES LTD.. The current adx is 38.92.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -3/(-7 +7).

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell JK TYRE & INDUSTRIES LTD. shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX > 25 && ADX trending down: The ADX is above 25 and indicates a strong bearish trend. The ADX is declining, the bearish trend is weakening. Could be a potential reversal to the upside. -2
JK TYRE & INDUSTRIES LTD. Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of JK TYRE & INDUSTRIES LTD.. The current sar is 451.92.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
JK TYRE & INDUSTRIES LTD. Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of JK TYRE & INDUSTRIES LTD.. The current rsi is 39.90. The current phase is Correction in bull market.

The long score for the Relative Strength Index (RSI) is 1/13.
The longshort score for the Relative Strength Index (RSI) is -2/(-13 +13).

  • Correction in bull market: Moderate price decline, potential pause in the uptrend. Reassess the market, wait for signs of stabilization.
  • Trending up: The RSI is trending up. +1
JK TYRE & INDUSTRIES LTD. Daily Relative Strength Index (RSI) ChartJK TYRE & INDUSTRIES LTD. Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of JK TYRE & INDUSTRIES LTD.. The current phase is Correction in bull market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 2/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the JK TYRE & INDUSTRIES LTD. price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
JK TYRE & INDUSTRIES LTD. Daily Stochastic Oscillator ChartJK TYRE & INDUSTRIES LTD. Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of JK TYRE & INDUSTRIES LTD.. The current cci is -51.88952553.

JK TYRE & INDUSTRIES LTD. Daily Commodity Channel Index (CCI) ChartJK TYRE & INDUSTRIES LTD. Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of JK TYRE & INDUSTRIES LTD.. The current cmo is -18.24602524.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

  • CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1
JK TYRE & INDUSTRIES LTD. Daily Chande Momentum Oscillator (CMO) ChartJK TYRE & INDUSTRIES LTD. Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of JK TYRE & INDUSTRIES LTD.. The current willr is -75.09916263.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that JK TYRE & INDUSTRIES LTD. is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
JK TYRE & INDUSTRIES LTD. Daily Williams %R ChartJK TYRE & INDUSTRIES LTD. Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of JK TYRE & INDUSTRIES LTD..

JK TYRE & INDUSTRIES LTD. Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of JK TYRE & INDUSTRIES LTD.. The current atr is 20.25.

JK TYRE & INDUSTRIES LTD. Daily Average True Range (ATR) ChartJK TYRE & INDUSTRIES LTD. Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of JK TYRE & INDUSTRIES LTD.. The current obv is 17,516,016.

JK TYRE & INDUSTRIES LTD. Daily On-Balance Volume (OBV) ChartJK TYRE & INDUSTRIES LTD. Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of JK TYRE & INDUSTRIES LTD.. The current mfi is 32.06.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

  • MFI < 50: -1
JK TYRE & INDUSTRIES LTD. Daily Money Flow Index (MFI) ChartJK TYRE & INDUSTRIES LTD. Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for JK TYRE & INDUSTRIES LTD..

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-06RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-08STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-09RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-10STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-13RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-16MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-11-17MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-11-20MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-11-22CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-11-24STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-30SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2023-12-06SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-07STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-12-08STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-11CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-13STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-14STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-15STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-18MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-19RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2023-12-20STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-21STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-22MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-26STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-28STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-01STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-01-02WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-04MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-01-09MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-10STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-12STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-15CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-01-16STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-18MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-20STOCH LONG EXITThe %K line crosses below the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-22RSI SHORT ENTRY LONG CLOSE70 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-23STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-01-25STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-29STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-30STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-31STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-01STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-06SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-02-07RSI SHORT ENTRY LONG CLOSE70 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-08MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-02-09MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-02-12CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-13WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-14STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-19SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-02-21STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-23STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-28STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-29STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-06DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-11SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-12STOCH LONG EXITThe %K line crosses below the %D line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-03-13WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-15STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-18STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-19BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-03-21RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.

6.3. Candlestick Patterns

JK TYRE & INDUSTRIES LTD. Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of JK TYRE & INDUSTRIES LTD. based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5039.902
Ma 20Greater thanMa 50459.400
Ma 50Greater thanMa 100481.030
Ma 100Greater thanMa 200423.497
OpenGreater thanClose424.600
Total2/5 (40.0%)
Penke

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