NSECredit Rating27 Aug 2026 · 27 Aug 2026, 05:43 pm
Credit Rating
JK Tyre & Industries Limited · JKTYRE
✦ AI Summary▲ Positivecredit_rating
JK Tyre & Industries Limited has informed the Exchange about Credit Rating. CARE Ratings Limited has reaffirmed the rating of CARE AA- /CARE A1 + on Long Term/Short Term rating for bank facilities and instruments of the Company.
Analysis Scores
Earnings Impact8/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact9/10
Market Sentiment8/10
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JK Tyre & Industries Limited has informed the Exchange about Credit Rating
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4((JKTYR=
K & INDUSTRIES LTD.
JKTIL:SECTL:SE:2026 27K1A ugust 2026
BSEL td National Stock Exchange of India Ltd
Phiroze Jeejeebhoy Towers, ExchangeP laza,B lock–G , C-1,
DalaIS treet, Bandra– Kurla Complex,B andra(E),
Mumbai-4000 01. Mumbai– 400 051
Scrip Code :530007 Scrip Code : JKTYRE
Dear Sir
Re : Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 - Credit Ratings
This is to inform you that CARE Ratings Limited (CARE) has reaffirmed the rating of CARE AA- /CARE
A1 + on Long Term/Short Term rating for bank facilities and instruments of the Company
The bank facilities / instrument-wise rating actions are as under:
Facilities Rating Rating Action
Long Term Bank Facilities CAREA A-; Stable Reaffirmed
Long Term / Short Term Bank Facilities CARE AA-; Stable/ CARE A1+ Reaffirmed
ShortT erm Bank Facilities CARE A1 + Reaffirmed
Commercial Paper (Carved out CARE A1 + Reaffirmed
Long Term / Short Term Instrument CARE AA-; Stable/ CARE A1+ Reaffirmed
*Carved out of the sanctioned working capital limits of the company
Rationale of the Rating Action:
The rating reaffirmation continues to derive strength from the Company’s established position in the
domestic tyre industry, supported by its growing scale of operations and strong market presence,
particularly in the Truck and Bus Radial (TBFRs) egment.
Ratings continue to consider Company’s healthy operational and financial profile in FY26 and in QIFY27
despite moderation in its Profit before interest, lease rentals, depreciation and taxation (PBILDT) margins
to 6. 5% in Q1 FY27 as against 12 .0% in FY26, led by significant increase in the raw material (RM) prices,
primarily rubber and crude-linked derivatives for which, the Company has taken price hikes in a staggered
manner across segmentst o partially offset the impact of rising input costs. However, as the benefit of
these price increases was realized with a time lag, profitability margins moderated in QIFY27, a trend
observed across the industry and expected to recover from Q3FY27 onwards, supported by healthy
demand across both OEM and replacement markets, full realization of the price increases, an improved
product mix, and the Company’s continued focus on premiumization, despite prevailing geopolitical
uncertainties. Thus, PBILDT margins are expected to remain within 10.0%-11 .0% for FY27. Overall, the
Company’s financial risk profile is comfortable, marked by healthy profitability, comfortable coverage and
leverage levels
We may inform that the Company received the confirmationo f the ratings as aforesaido n 27tFA' ugust
2026 at 3:44 PM
Thanking You, Yours’ faithfully
For JK Tyre & Industries Ltd
(Kamal Kumar Manik)
Company Secretary
Admin. aff.: 3, Bahadur Shah Zafar Marg, New Delhi-110 002, Phone: 91-11-660011126, 6001122
Regd. Off.: Jaykaygram, PO - Tyre Factory, Kankroli - 313342 (Rajasthan), Fax : 02952-232018. Ph. : 02952-233400 1 233000
VIKRANT
Website : www.jktyre.com CIN : L67120RJ1951PLC045966