Safe Harbour - Best Tyres in India| Tyre Manufacturers| … -Final_w.pdf8 JK Tyre - Overview...

NOVEMBER 2016

Safe Harbour

This presentation and the accompanying slides (the ldquoPresentationrdquo) which have been prepared by JK Tyre amp

Industries Limited (the ldquoCompanyrdquo) have been prepared solely for information purposes and do not

constitute any offer recommendation or invitation to purchase or subscribe for any securities and shall not

form the basis or be relied on in connection with any contract or binding commitment whatsoever No offering

of securities of the Company will be made except by means of a statutory offering document containing

detailed information about the Company

This Presentation has been prepared by the Company based on information and data which the Company

considers reliable but the Company makes no representation or warranty express or implied whatsoever

and no reliance shall be placed on the truth accuracy completeness fairness and reasonableness of the

contents of this Presentation This Presentation may not be all inclusive and may not contain all of the

information that you may consider material Any liability in respect of the contents of or any omission from

this Presentation is expressly excluded

This presentation contains certain forward looking statements concerning the Companyrsquos future business

prospects and business profitability which are subject to a number of risks and uncertainties and the actual

results could materially differ from those in such forward looking statements The risks and uncertainties

relating to these statements include but are not limited to risks and uncertainties regarding fluctuations in

earnings our ability to manage growth competition (both domestic and international) economic growth in

India and abroad ability to attract and retain highly skilled professionals time and cost over runs on

contracts our ability to manage our international operations government policies and actions regulations

interest and other fiscal costs generally prevailing in the economy The company does not undertake to make

any announcement in case any of these forward looking statements become materially incorrect in future or

update any forward looking statements made from time to time by or on behalf of the company

2

OUR BOARD

Dr Raghupati Singhania

Chairman amp Managing Director

bull Dr Raghupati Singhania

bull Arvind Singh Mewar

bull Bakul Jain

bull Sunanda Singhania

bull Kalpataru Tripathy

bull Shreekant Somany

bull Vimal Bhandari

bull Dr Wolfgang Holzbach

bull Bharat Hari Singhania

(Managing Director)

bull Anshuman Singhania

(Whole-time Director)

bull Arun K Bajoria

(Director amp President ndash International

Operations)

3

MANAGEMENT TEAM

Anshuman Singhania

Whole-time Director

VK Misra

Technical DirectorAK Kinra

Finance Director

Vikram Malhotra

Marketing Director

Sanjiv Saxena

VP- Corporate Accounts

AK Makkar

Manufacturing

Director

Dr RMukhopadhyay

Director (RampD)

Kumar Joshi

Executive Director ndash JK TORNEL

Vivek Kamra

President ndash India

Operations

Arun K Bajoria

Director amp President ndash

International Operations

Ashish Pandey

VP- Materials

4

5

Indian Tyre Industry - Overview

Indian Tyre Industry ndash over ` 50000 Crs (US $ 8 Bn) (2015-16)

Commercial Tyre segment (TruckBus amp LCVs)

bull About 75 (by value) of total tyre market

Exports to over 100 countries

Radialisation

- Car tyres ndash over 98

- Truck tyres ndash about 44 (OEM -72)

Top 5 global tyre players - present in Indian Market

3 4 top Indian players dominate the markets

Revenue Segmentation

Truck amp Bus28

Passenger CarLight

Truck58

Others 14

Global Tyre Industry

Truck amp Bus55

Passenger CarLight

Truck22

Others 23

Indian Tyre Industry

2012-13 2013-14 2014-15 2015-162016-17

(Proj)2017-18

(Proj)

GDP growth 56 66 72 76 78 80

56

6672

7678 80

30

50

70

90

110

130

150

GDP G

rowt

h ()

7576

72

79

Q1 Q2 Q3 Q4

GDP Growth (2015-16) 76

India ndashGDP Growth

Projected Actual

Recovery driven by

bull Improvement in manufacturing farm amp

mining sector

bull Better monsoons

Figures in

GDP is expected to grow

steadily at 75+

(At 2011-12 prices)

6

Truck amp Bus Radialisation In India

Radialisation will

be driven by

bull Cost - Benefit Ratio

bull Road Development

bull Overload Control

bull User Education

bull Retreading

Infrastructure

hellipRadialisation Will Drive Indian Tyre Industry Growthhellip

7

811

1719

2226

33

4453

60

67

72

77

6

25

34 34

42

51

61

72 7881

8486

88

0

10

20

30

40

50

60

70

80

90

2008-0

9

2009-1

0

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

2016-1

7

2017-1

8

2018-1

9

2019-2

0

2020-2

1

Radialisation ()

Domestic OEM

Actual

Expected

8

JK Tyre - Overview

Consolidated Growth

(Five ndashyear CAGR)

Strong Balance Sheet

Revenues EBITDA

4 28

Profit After Tax Gross Block

48 12

Research amp Development

bull Technological excellence

hellipInnovation ampCreativity

bull Green Technology

bull Future ready for mobility

sector

Pioneer of Radial Technology in India

Indiarsquos No 1 TruckBus Radial (TBR)

manufacturer Market Share -30 approx

Global Brands

Ranked 24th largest tyre manufacturing

company

12 Manufacturing Plants

Total Capacity ndash 35 Mn Tyres pa

Large Talent pool of about 15000 employees

Manufacturing excellence with world class

consistent quality

1951 Incorporated as a Private Limited company

To launch in India Radial Technology for

entire range (Passenger Car LCV Bus

Truck and Tractors)

To launch in India V-Rated tires Eco-

friendly tires and high performance amp

Asymmetric tires

JK Tyre ndash The Growth Journey

1975First Tyre Plant

In Kankroli Rajasthan

1991Set up second tyre plant at Banmore MP

1997Acquired Vikrant Tyres Ltd Mysore

1999 Started All Steel Truck radialMysore

2008Acquired

Tornel plant in Mexico

2010New OTR Plant inMysore

2012New plant in Chennai

2013amp 2014Major brownfieldexpansion undertaken in Chennai ampcompleted in 2015-16

2016Acquired

Cavendish Industries Ltd

(CIL)

First tyre company in Asia to receive

certification and 2nd in the world

Technology Edge - HASETRI - Asiarsquos first and

Indiarsquos biggest amp foremost research centre

9

JK TYRE ndash Radial Leaders of India

10

(On Basis of Domestic Sales Value)

JK Tyre 28

Apollo 24

MRF 13

Birla 5

Ceat 5

OthersImports

26

Truck Bus Radial Leadership - No1 position in TruckBus

Radials

About 114 million JK Tyre TBRs on the

roads

Truck Radialisation catching up Fast

Current radialisation (Julrsquo16- Seprsquo16)- 46

JK Tyres Major Shift in Sales from Bias to

Radial

JK Tyre -Major shift in Truck Tyre mix

()

(On Basis of Total sales Value)

Particulars 13-14 14-15 15-16

Total (Domestic) 26 33 44

OEM 51 61 72

Particulars 13-14 14-15 15-16

Bias 54 48 42

Radial 46 52 58

Particulars 13-14 14-15 15-16

Bias 56 51 42

Radial 44 49 58

()

()

Highest TBR Market Share

Extensive Distribution

Network

Strong OEM Presence

Cost Competitive

Ramp D Focus

Continuous Innovation

Manufacturing Excellence

Strong presence across globe

Key Competitive Strengths

11

Strategic Manufacturing Location

JK Tyre has 9 modern plants in India -

strategically located at

- Kankroli Rajasthan -1

- Banmore Madhya Pradesh -1

- Mysore Karnataka -3

- Chennai Tamil Nadu -1

- Laksar (Haridwar) Uttarakhand - 3

Madhya Pradesh

Rajasthan

Tamil Nadu

Karnataka

Uttarakhand

12

Truck Bus Bias

FarmPCR

OTR

Racing

Truck Bus

Radial

LCV SCV Bias

LCVRadial

Military Defense

Industrialamp

Specialty

JK Tyre ndash Wide Product Range

23 wheeler

13

Balanced

Product

Portfolio

Size 4000-57 VEM 045Weight 3700 KgHeight 12 feet

JK Tyre produces Indiarsquos Largest OTR Tyre

14

JK Tyre Technology Edge

Raghupati Singhania Centre of Excellence for

Tyre and Vehicle Mechanics

ldquoA Joint Venture RampD Centerrdquo at IIT Madras

Chennai

One of the Indiarsquos biggest Academia ndash Industry

partnership for Advanced Research

15

State of the Art RampD

All facilities under one roof

HASETRI Elastomer amp Tyre Research amp

Development

Tech Center Product Design Project

Management Benchmarking and Key

Account Management

Central Test Centre ndash Enhanced with new

high end test capabilitieslsquoRaghupati Singhania Center of Excellencersquo

JK Tyre ndash Distribution and Service Network

141 JK Tyre Selling Points

4000 Dealers across India

ndash 1000 exclusive

26 JK Tyre Truck

Wheels Fully equipped Tyre service

centre

For enhancing customer

experience by offering Total

Tyre Solution

Over 200 JK Tyre Steel

WheelsExclusive Passenger Car Tyre

Retailing

Over 1100

Fleet ManagementDirect Partnership with Fleet

Owners

16

Planned in 2016-17

bull 100 New Steel wheels

targeting top cities

bull 100 New Xpress wheels

targeting small towns

bull 100 New multibrand

outlets

Maruti

Mahindra

x

x

X

IndiaMexico

JK Tornel Mexico IndiaMexicoJK Tornel Mexico - LTR

JK Tyre - Key Partners to Leading OEMs

17

Accolades

TIA- Tyre Industry Association

SEMA - Specialty Equipment Market Association Show


inducted into ldquoTIA Hall

of Fame 2015rdquo

Honoured for his distinguished

amp exemplary service

towards growth amp

development of Tyre

industry

3rd Asian to receive this coveted

award in last 30 yrs

Awarded At Global Tire Expo -

Powered by TIA at SEMA

in Las Vegas

Performance Excellence Award to Dr R P Singhania

for ldquoOutstanding contribution to the growth of Industry

and remarkable commitment to societyrdquo by India

Institution of Industrial Engineering

Asiarsquos Most

Admired

Leader

Dr

Raghupati

Singhania

18

Dr Raghupati

Singhania

Industry

Leadership

Award at IACC

JK Tyre Recognised by National amp International

Bodies

Indiarsquos First and

Only Tyre

Superbrand

Ranked No 1 in Customer

Satisfaction by JD Power

Asia Pacific Study 2015

Awarded Brand of the

Year 2015 by World

Branding Forum

London

19

TPM Consistency Award 2015rdquo by Japan Institute

of Plant Management (JIPM) ndash JK Tyre amp

Industries Limited Vikrant Tyre Plant Mysuru

JK Tyre amp Industries Ltd ndash Quality Excellence Journey

20

2015SA 8000|2008ISO 270012013

NABL 170252005ISO 14064

TPM Consistency Award-VTPGRI-4 (Sustainability Reporting )

2013OHSAS 180012007- CTP

ISO 140012004 - CTPEnMs ISO-50001 - CTP VTP

CII GreenCo Rating - KTP

2012EnMs ISO-50001-KTP

TS 169492009 LOC CTP

2010 TPM

2003 ISO 9000-2000

TS-16949

2001 EFQM

Commendation

1999 ISO 14001

1994 ISO 9001

amp QS -9000

Brand Building ndash Racing

JK Tyre acquired Formula BMW Series

Rechristened ldquoJK Racing Asia Seriesrdquo (JKRAS)

Created history in Indian Motorsport

First Indian company to acquire an FIA

(Feacutedeacuteration Internationalede lAutomobile)

accredited series

The legend of Racing in India

21

Low cost acquisition of additional

capacity

Free access to NAFTA amp other

trade blocks

Enlarge JK Tyrersquos global footprint

North America and emerging Latin

America markets

JK Tornel Mexico ndash a Strategic Acquisition

22

JK Tornel - Mexico

Entered OEM Ist time

bull Chrysler

bull Nissan ndash CarLight Truck

Radial (LTR)

bull John Deere ndash Farm

bull Case New Holland (CNH)

Product range

bull Passenger Car Radial

bull Truck Radial (outsourced)

bull Light Truck Radial

bull Truck Bias

bull Light Truck Bias

bull Farm Tyres

bull Industrial Tyres

Significantly improved operation in

last 8 years through

bull Tornel awarded lsquoOutstanding Quality

Award winnerrsquo by Chrysler

bull Enhanced capacity utilisation (40 to 70)

bull Improved Plant efficiencies

bull Enhanced market share across all products

bull Awarded ldquo Superbrandrdquo 2015

Capacity

83 Mn Tyres pa

No of Plants

3 plants in Mexico

(Azcapotzalco

Tultitlan ampHidalgo)

Present Market

Share

bull Truck Bias 88

bull LCV Bias 85

bull Passenger Line

Radials 8

bull LTR 6

23

Financials(Aprrsquo15-Marrsquo16)Audited

MnPesos

`Crs

Sales 2808 1104

EBITDA 403 151

PBT 214 78

PAT 147 51

Outsourcing (2)

Marketing Hub - Presence in over 100 countries across the globe

2015-16 USD Mn ` Crs- From India 90 581 - Global 130 847

JK Tyre Global Footprint

Mexico (3)

India (9)

Own Plants (12)

China

Existing ndash 8

Sri Lanka

Miami

Montevideo

IndonesiaNairobi

Houston

Moscow

Dubai

Thailand

KenyaNigeria

Philippines

Planned ndash 4

24

JK Tyre amp Industries acquired Cavendish Industries effective 13th April 2016

CIL acquisition gives JK Tyre strategic entry into 23 Wheeler Category

Product line TBB tyres TBR tyres 2-3W tyres Tractor tyres Tubes ampFlaps

Capacity ndash 100 lacTyres pa

Laksar plant is an excise benefit zone -excise exemption of 10 years (upto 2020)

Laksar (Haridwar)

bull Truck Bias 175 Lacs

bull Truck Radial 12 Lacs

bull Non-Truck Bias 75 Lacs

bull 23 Wheeler 63 Lacs

25

Acquisition of CIL at an

Enterprise Value of ` 2170 crs

Deal Structure amp Financing

EQUITY

` 50 Crs

DEBT

` 1470 Crs

(Paid to KIL by raising fresh Debt)

JK TYRE 64Other JK Group

Co(s) 36

CIL

` 2170 crs

Debt raised in CIL on standalone

basis- No obligation by JK Tyre

26

Networth(50+650)

` 700 crs(inclshare premium)

Combined Facility

12 Tyre Plants

India -9

bull Kankroli Rajasthan

bull Banmore Madhya Pradesh

bull Mysore Karnataka -3

bull Chennai Tamil Nadu

bull Laksar Haridwar ndash 3

Mexico -3

bull Azcapotzalco

bull Tultitlan

bull Hidalgo

Capacity

In Mexico City

27

Lac Nos pa

SNo Particulars JKTIL CILTotal -

India

Tornel

Mexico

Total -

India amp

Mexico

1 Truck Bias 2318 1757 4075 638 4713

2 Truck Radial 2265 1199 3464 3464

Total Truck 4583 2956 7539 638 8177

3 Passenger Line Radial 9885 9885 5200 15085

4 23 Wheeler 6302 6302 6302

5 Others (LCVCar Farm -Bias

amp OTR)

2227 748 2975 2485 5460

6 Total 16695 10006 26701 8323 35024

7 Tons per day (TPD) 1143 627 1770 340 2110

TPD to Total 54 30 84 16 100

Particulars

30092016 (Unaudited)




Gross Sales amp Other Income 3257 3336 4035 3916

Net Sales amp Other Income 2935 2994 3713 3573

PBIDT 491 537 757 621

to Net Sales amp Other Income 167 179 204 174

PBDT 360 416 545 494

PBT 263 325 296 354

PAT 183 221 200 233

ConsolidatedStandalone

JK Tyre - Financial Results - 6 Months ending

30092016 `crs

28

JK Tyre -Financial Results ndash Quarter ending

30092016

29

`crs

Standalone

Particulars



31032016 (Audited)

31032015 (Audited)



PBIDT 229 272 1006 766


PBDT 163 215 777 526

PBT 117 164 590 377

PAT 82 113 401 253

Quarter Ended Year Ended


30092016

30

`crs

Consolidated

Particulars

30092016

(Unaudited

30092015

(Unaudited

31032016

(Audited)

31032015

(Audited)



PBIDT 394 317 1158 948


PBDT 283 256 913 690

PBT 148 173 669 486

PAT 100 116 464 330

Year EndedQuarter Ended

31

The Product Range

Launched in the month of August

Will be Launched in the month of November

31

Domestic 23 wheeler tyre market has grown at 74 over last 2 years amp is

expected to grow at 8 going forward

JK Tyre Launches Tubeless Tyres under the Brand Name ldquoBlazerdquo for

Motorcycles and Scooters

JK Tyre making significant entry in 23 wheeler

market

32

Growth backed by improved Profitability YOY

helliphellipnarrowing the gap with competition

Highest ever EBITDA `1006 Cr

(EBITDA Margin 171)

` 1430 Crs Expansion Project Completed

PCR Expansion Project at Mexico of USD 22 Mn from 35 Mn to 5 Mn tyres completed

Credit rating upgraded

Leveraging Improved Significantly

Standalone Consolidated

PBT 590 669

up by 57 up by 38

PAT 401 464

up by 58 up by 41

Before Expansion Additional After Expansion

TBR 1465 800 2265

PCRLTR 8110 1775 9885

Capacity (Lac Nos pa)

Key Achievements 2015-16

153 172

420283

500671

766

1006

0

200

400

600

800

1000

1200

20

03

-04

20

05

-06

20

09

-10

20

11

-12

20

12

-13

20

13

-14

20

14

-15

20

15

-16

EBITDA ndash ` Crs

` Crs

Highest ever Profitability

310316 310314 310316 310314

Long Term DebtEquity 106 138 089 113

Total DebtEquity 168 262 153 230

(Standalone) (Consolidated)Ratios

Particulars CARE India Ratings (FITCH)

Revised Earlier Revised Earlier

Short Term Facilities CARE A1+ CARE A1 IND A1+ IND A1

Long Term Facilities CARE AA- CARE A+ IND AA- IND A+

33

New Product Development (2015-16)

bull TBR ndash 20

bull PCR India -44 Mexico ndash 27

Revamped Supply Chain for Domestic amp Export Operations

Empowered Sales Force through Mobility Solutions

Cost Reduction across all Plants

Initiated several Digital amp IT initiatives

bull Supply Chain

bull Dealer Portal

bull Selling Online

34

Highlights of the Year 2015-16

New products

launched

40 2011-12

62 2012-13

65 2013-14

63 2014-15

121 2015-16

Balance Sheet amp Ratios - Standalone

38624086

5228

3100

3600

4100

4600

5100

310314 310315 310316

Gross Fixed Assets (` Crs)

Working capital Cycle

2013-14 60

2014-15 50

2015-16 53

477410

318

262218

168

138 130 106000

100

200

300

400

500

600

31314 310315 310316

Ratios

TOLEquity

Total Debt Equity

Long Term DebtEquity

843 1091 1417

17672079

2252

2504

27132684

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316

Equity amp Liabilities(` Crs)

Current Liabilities

Non- current liabilities

Equity (without revaluation reserve)

35

Balance Sheet amp Ratios - Consolidated

4676 4828

6063

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316

Gross Fixed Assets ( in crs)

430

370295

230193

153

113 107 089000

100

200

300

400

500

31314 31315 310316

Ratios

TOLEquity

Total Debt Equity


1092 1401 1748

19182234

2379

30283269

3217

0

1000

2000

3000

4000

5000

6000

7000

8000

310314 310315 310316


Current Liabilities



36

JK Tyre - Revenue Segmentation

(Value)Aprrsquo15- Marrsquo16By Market

By Product Line

Truck 67

Light Truck 12

PCR 15

Farm 4OTR amp Others

2

Replacement 56

Exports 9

OEMs 35

37

JK Tyre - Current Customer Mix

(Aprrsquo15 ndash Marrsquo16)

Truck amp Bus Tyres

Passenger Car Tyres

(Nos)

Truck Radial Tyres

Replacement 54

Exports 11

OEMs 35

Replacement 38

Exports 9

OEMs 53

Replacement 40

Exports 8

OEMs52

38

Key Raw materials

Raw Material Composition (by value) -2015-16

Natural Rubber

37

Synthetic Rubber

15

Other Crude Derivative

32

Others 16

39

Favourable raw material prices to continue

40

Raw Material Costs and Profitability

Significant improvements in operating efficiencies helped JK Tyre to improve its profitability

FY16 EBITDA margin highest in recent times due to low natural rubber (NR) prices NR prices hit 8 year low

level of `91kg in Feb 2016

Natural rubber synthetic rubber carbon black tyre cord fabric amp steel cord fabric are key raw materials

accounting for ~80 of total raw material costs

Natural rubber imports are imperative due to huge demand supply mismatch

Synthetic rubber (SBR) is used in higher proportion in radial tyres

Prices of SBR are linked to crude oil considering decline of crude oil prices during FY16 prices of crude

linked derivatives such as SBR carbon black amp rubber chemicals have declined considerably

With increase in radialisation of truck and bus tyres - nylon fabric shall be replaced by steel tyre cord

149 144133

121133

126118

109

129 133153

164175 201

198 200

00

50

100

150

200

250

0

20

40

60

80

100

120

140

160

Q4FY14 Q1FY15 Q2FY15 Q3FY15 Q4FY15 Q1FY16 Q2FY16 Q3FY16

NR prices movement and EBITDA margin performance

India NR (RSS-4) prices per kg (LHS) OPM () (RHS)

Source Indian Tyre Industry - March 2016 ICRA Research

Source Rubberboardorg

60

80

100

120

140

160

180

200

220

240

260Domestic RSS-5 historical price trend

(`kg)

EQUITY SHAREHOLDING amp PRICE TRENDS

Shareholding Pattern as on

September 2016

Market Information (Current)

bull Market Price ` 136 per Share

bull Face Value ` 2 per Share

bullMarket Cap ` 3085 Crs

bull Equity ` 1417 Crs

Price Trend

299

054

514656

1205

1768

0

2

4

6

8

10

12

14

16

18

20

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

Increased

intrinsic value

of shares has

enhanced

Investor

Wealth

EPS ( in `)

41

Promoter5234

FII1216

DII007

Others3543

JK TYRE ndash Key Challenges amp Strategy

42

CHALLENGES STRATEGY

1 Chinese Aggression (a) By Offering Complete Product Basket

bull JK ndash Premium

bull Vikrant ndash Economy

bull Challenger ndash Against Chinese

Launched innovative product ldquoCHALLENGERrdquo in

TBR at competitive prices to combat Chinese tyres

(b) Cost Compression

Strong operating efficiencies

Energy consumption - among top 4 tyre

manufacturing companies in the world

Water consumption ndash most efficient across all

tyre companies

43

CHALLENGES STRATEGY

2 Revival in Commodity

Prices

By Strategic Sourcing of Raw Materials

a) Alternate Sourcing

b) Alternalte Material Usage

c) Cost reduction projects 15 of annual RM

procurement value every year


Industry Demand

Radialisation expected at faster pace ()Estimated

Particulars 2004-05 2011-12 2012-13 2013-14 2014-15 2015-16 2017-18

(Expected)

2020-21

(Expected)

TruckBus 15 186 222 264 327 435 600 774

Pass Cars 86 985 981 982 984 988 990 993

April-March

Presently 46 (Julrsquo16-Seprsquo16)

44

1

24

57 7391

110

131

1532

00

4-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

est

ic D

em

and

(Lac

No

s)

Truck Bus Radial

95

287334 365

407460

523600

20

04-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

esti

c D

eman

d

(Lac

No

s)

Passenger Line Radial

45

Reinforce leadership position in TruckBus Radials

Industry Shift towards Radial tyres

Additional capacity from CIL will further consolidate our leadership in TBR

811

17 1922

2633

44 53

6067

72

6

25

34 34

42

51

61

7278

8184 86

0

10

20

30

40

50

60

70

80

90

2008-0

9

2009-1

0

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

2016-1

7

2017-1

8

2018-1

9

2019-2

0

Radialisation ()

Domestic OEM

Actual

Expected

Outlook

Outlook

46

Consolidate our position in PCR Segment

Strengthen Brand shop Network by 2016-17

bull 100 New Steel wheels targeting top cities (existing 200+)

bull 100 New Xpress wheels targeting small towns (existing ndash 1)

bull 100 New multibrand outlets (existing -200)

Leverage Motorsports

Strategic Customer tie up ndash IOCL HPCL BPCL Reliance

Ranger Campaign ndashNew TVC Outdoor amp Print

E-Commerce -Tie up with Paytm for PCR tyre

selling through online

Promoting new generation products ndash Ranger amp UX Royale

47

Increase JK Tyre Global Business

Focus on stable markets

Product range augmentation in Radials - TruckBus (tubeless) SUV tyres LCV

tyres PCR OTRFarm

New marketing hubs ndash Philippines Thailand Kenya Nigeriahellipby end of

Q3Q4 FY 17

Outlook

48

JK Tyre - Strategy to meet future Challenges

2

1

3

4

5

Brand

Building

Channel

Expansion

Ramp D

Capability

Service as

differentiator

Continuous

Improvement in

Profitability

Healthcare Free medical camps Eye

camps population control program titled

ldquoParivartanrdquo Pusphawati Singhania Research

Institute

Education Lakshmipat Singhania school in

Jaykaygram Adult literacy programmes in

remote villages Children career counselling

Environment 100000 tree plantations in

last five years adoption of public parks

maintenance of civic amenities

Sports Promotion of various sport events

and karting

Corporate Social Responsibility

49

Thank You

Safe Harbour

This presentation and the accompanying slides (the ldquoPresentationrdquo) which have been prepared by JK Tyre amp

Industries Limited (the ldquoCompanyrdquo) have been prepared solely for information purposes and do not

constitute any offer recommendation or invitation to purchase or subscribe for any securities and shall not

form the basis or be relied on in connection with any contract or binding commitment whatsoever No offering

of securities of the Company will be made except by means of a statutory offering document containing

detailed information about the Company

This Presentation has been prepared by the Company based on information and data which the Company

considers reliable but the Company makes no representation or warranty express or implied whatsoever

and no reliance shall be placed on the truth accuracy completeness fairness and reasonableness of the

contents of this Presentation This Presentation may not be all inclusive and may not contain all of the

information that you may consider material Any liability in respect of the contents of or any omission from

this Presentation is expressly excluded

This presentation contains certain forward looking statements concerning the Companyrsquos future business

prospects and business profitability which are subject to a number of risks and uncertainties and the actual

results could materially differ from those in such forward looking statements The risks and uncertainties

relating to these statements include but are not limited to risks and uncertainties regarding fluctuations in

earnings our ability to manage growth competition (both domestic and international) economic growth in

India and abroad ability to attract and retain highly skilled professionals time and cost over runs on

contracts our ability to manage our international operations government policies and actions regulations

interest and other fiscal costs generally prevailing in the economy The company does not undertake to make

any announcement in case any of these forward looking statements become materially incorrect in future or

update any forward looking statements made from time to time by or on behalf of the company

2

OUR BOARD





bull Bakul Jain




bull Vimal Bhandari



(Managing Director)



bull Arun K Bajoria


Operations)

3

MANAGEMENT TEAM

Anshuman Singhania

Whole-time Director

VK Misra


Finance Director

Vikram Malhotra

Marketing Director

Sanjiv Saxena


AK Makkar

Manufacturing

Director

Dr RMukhopadhyay

Director (RampD)

Kumar Joshi


Vivek Kamra


Operations

Arun K Bajoria



Ashish Pandey

VP- Materials

4

5






Radialisation






Truck amp Bus28

Passenger CarLight

Truck58

Others 14


Truck amp Bus55

Passenger CarLight

Truck22

Others 23


2012-13 2013-14 2014-15 2015-162016-17

(Proj)2017-18

(Proj)

GDP growth 56 66 72 76 78 80

56

6672

7678 80

30

50

70

90

110

130

150

GDP G

rowt

h ()

7576

72

79

Q1 Q2 Q3 Q4

GDP Growth (2015-16) 76


Projected Actual

Recovery driven by


mining sector


Figures in


steadily at 75+

(At 2011-12 prices)

6


Radialisation will

be driven by




bull User Education

bull Retreading

Infrastructure


7

811

1719

2226

33

4453

60

67

72

77

6

25

34 34

42

51

61

72 7881

8486

88

0

10

20

30

40

50

60

70

80

90

2008-0

9

2009-1

0

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

2016-1

7

2017-1

8

2018-1

9

2019-2

0

2020-2

1

Radialisation ()

Domestic OEM

Actual

Expected

8

JK Tyre - Overview

Consolidated Growth



Revenues EBITDA

4 28


48 12






sector




Global Brands


company





consistent quality




Truck and Tractors)



Asymmetric tires







2008Acquired





2016Acquired


(CIL)





9


10


JK Tyre 28

Apollo 24

MRF 13

Birla 5

Ceat 5

OthersImports

26


Radials


roads




Radial


()


Particulars 13-14 14-15 15-16


OEM 51 61 72

Particulars 13-14 14-15 15-16

Bias 54 48 42

Radial 46 52 58

Particulars 13-14 14-15 15-16

Bias 56 51 42

Radial 44 49 58

()

()



Network

Strong OEM Presence

Cost Competitive

Ramp D Focus





11









Madhya Pradesh

Rajasthan

Tamil Nadu

Karnataka

Uttarakhand

12

Truck Bus Bias

FarmPCR

OTR

Racing

Truck Bus

Radial

LCV SCV Bias

LCVRadial

Military Defense

Industrialamp

Specialty


23 wheeler

13

Balanced

Product

Portfolio



14





Chennai



15




Development



Account Management







26 JK Tyre Truck


centre



Tyre Solution



Retailing

Over 1100


Owners

16

Planned in 2016-17






outlets

Maruti

Mahindra

x

x

X

IndiaMexico



17

Accolades





of Fame 2015rdquo



towards growth amp

development of Tyre

industry





in Las Vegas





Asiarsquos Most

Admired

Leader

Dr

Raghupati

Singhania

18

Dr Raghupati

Singhania

Industry

Leadership

Award at IACC


Bodies


Only Tyre

Superbrand





Year 2015 by World

Branding Forum

London

19





20

2015SA 8000|2008ISO 270012013

NABL 170252005ISO 14064


2013OHSAS 180012007- CTP





2010 TPM

2003 ISO 9000-2000

TS-16949

2001 EFQM

Commendation

1999 ISO 14001

1994 ISO 9001

amp QS -9000







accredited series


21


capacity


trade blocks



America markets


22

JK Tornel - Mexico


bull Chrysler


Radial (LTR)



Product range




bull Truck Bias


bull Farm Tyres










Capacity

83 Mn Tyres pa

No of Plants

3 plants in Mexico

(Azcapotzalco


Present Market

Share

bull Truck Bias 88

bull LCV Bias 85

bull Passenger Line

Radials 8

bull LTR 6

23


MnPesos

`Crs

Sales 2808 1104

EBITDA 403 151

PBT 214 78

PAT 147 51

Outsourcing (2)




Mexico (3)

India (9)

Own Plants (12)

China

Existing ndash 8

Sri Lanka

Miami

Montevideo

IndonesiaNairobi

Houston

Moscow

Dubai

Thailand

KenyaNigeria

Philippines

Planned ndash 4

24






Laksar (Haridwar)





25




EQUITY

` 50 Crs

DEBT

` 1470 Crs



Co(s) 36

CIL

` 2170 crs



26

Networth(50+650)


Combined Facility

12 Tyre Plants

India -9






Mexico -3

bull Azcapotzalco

bull Tultitlan

bull Hidalgo

Capacity

In Mexico City

27

Lac Nos pa


India

Tornel

Mexico

Total -

India amp

Mexico

1 Truck Bias 2318 1757 4075 638 4713

2 Truck Radial 2265 1199 3464 3464

Total Truck 4583 2956 7539 638 8177


4 23 Wheeler 6302 6302 6302


amp OTR)

2227 748 2975 2485 5460

6 Total 16695 10006 26701 8323 35024

7 Tons per day (TPD) 1143 627 1770 340 2110

TPD to Total 54 30 84 16 100

Particulars







PBIDT 491 537 757 621


PBDT 360 416 545 494

PBT 263 325 296 354

PAT 183 221 200 233



30092016 `crs

28


30092016

29

`crs

Standalone

Particulars



31032016 (Audited)

31032015 (Audited)



PBIDT 229 272 1006 766


PBDT 163 215 777 526

PBT 117 164 590 377

PAT 82 113 401 253



30092016

30

`crs

Consolidated

Particulars

30092016

(Unaudited

30092015

(Unaudited

31032016

(Audited)

31032015

(Audited)



PBIDT 394 317 1158 948


PBDT 283 256 913 690

PBT 148 173 669 486

PAT 100 116 464 330


31

The Product Range



31






market

32




(EBITDA Margin 171)






PBT 590 669

up by 57 up by 38

PAT 401 464

up by 58 up by 41


TBR 1465 800 2265

PCRLTR 8110 1775 9885



153 172

420283

500671

766

1006

0

200

400

600

800

1000

1200

20

03

-04

20

05

-06

20

09

-10

20

11

-12

20

12

-13

20

13

-14

20

14

-15

20

15

-16

EBITDA ndash ` Crs

` Crs


310316 310314 310316 310314








33


bull TBR ndash 20






bull Supply Chain

bull Dealer Portal

bull Selling Online

34


New products

launched

40 2011-12

62 2012-13

65 2013-14

63 2014-15

121 2015-16


38624086

5228

3100

3600

4100

4600

5100

310314 310315 310316



2013-14 60

2014-15 50

2015-16 53

477410

318

262218

168

138 130 106000

100

200

300

400

500

600

31314 310315 310316

Ratios

TOLEquity

Total Debt Equity


843 1091 1417

17672079

2252

2504

27132684

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


Current Liabilities



35


4676 4828

6063

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


430

370295

230193

153

113 107 089000

100

200

300

400

500

31314 31315 310316

Ratios

TOLEquity

Total Debt Equity


1092 1401 1748

19182234

2379

30283269

3217

0

1000

2000

3000

4000

5000

6000

7000

8000

310314 310315 310316


Current Liabilities



36



By Product Line

Truck 67

Light Truck 12

PCR 15


2

Replacement 56

Exports 9

OEMs 35

37



Truck amp Bus Tyres

Passenger Car Tyres

(Nos)

Truck Radial Tyres

Replacement 54

Exports 11

OEMs 35

Replacement 38

Exports 9

OEMs 53

Replacement 40

Exports 8

OEMs52

38

Key Raw materials


Natural Rubber

37

Synthetic Rubber

15


32

Others 16

39


40












149 144133

121133

126118

109

129 133153

164175 201

198 200

00

50

100

150

200

250

0

20

40

60

80

100

120

140

160






60

80

100

120

140

160

180

200

220

240


(`kg)



September 2016






Price Trend

299

054

514656

1205

1768

0

2

4

6

8

10

12

14

16

18

20

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

Increased

intrinsic value

of shares has

enhanced

Investor

Wealth

EPS ( in `)

41

Promoter5234

FII1216

DII007

Others3543


42

CHALLENGES STRATEGY












tyre companies

43

CHALLENGES STRATEGY


Prices







Industry Demand


Particulars 2004-05 2011-12 2012-13 2013-14 2014-15 2015-16 2017-18

(Expected)

2020-21

(Expected)

TruckBus 15 186 222 264 327 435 600 774

Pass Cars 86 985 981 982 984 988 990 993

April-March


44

1

24

57 7391

110

131

1532

00

4-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

est

ic D

em

and

(Lac

No

s)

Truck Bus Radial

95

287334 365

407460

523600

20

04-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

esti

c D

eman

d

(Lac

No

s)


45




811

17 1922

2633

44 53

6067

72

6

25

34 34

42

51

61

7278

8184 86

0

10

20

30

40

50

60

70

80

90

2008-0

9

2009-1

0

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

2016-1

7

2017-1

8

2018-1

9

2019-2

0

Radialisation ()

Domestic OEM

Actual

Expected

Outlook

Outlook

46












47




tyres PCR OTRFarm


Q3Q4 FY 17

Outlook

48


2

1

3

4

5

Brand

Building

Channel

Expansion

Ramp D

Capability

Service as

differentiator

Continuous

Improvement in

Profitability




Institute








and karting


49

Thank You

OUR BOARD





bull Bakul Jain




bull Vimal Bhandari



(Managing Director)



bull Arun K Bajoria


Operations)

3

MANAGEMENT TEAM

Anshuman Singhania

Whole-time Director

VK Misra


Finance Director

Vikram Malhotra

Marketing Director

Sanjiv Saxena


AK Makkar

Manufacturing

Director

Dr RMukhopadhyay

Director (RampD)

Kumar Joshi


Vivek Kamra


Operations

Arun K Bajoria



Ashish Pandey

VP- Materials

4

5






Radialisation






Truck amp Bus28

Passenger CarLight

Truck58

Others 14


Truck amp Bus55

Passenger CarLight

Truck22

Others 23


2012-13 2013-14 2014-15 2015-162016-17

(Proj)2017-18

(Proj)

GDP growth 56 66 72 76 78 80

56

6672

7678 80

30

50

70

90

110

130

150

GDP G

rowt

h ()

7576

72

79

Q1 Q2 Q3 Q4

GDP Growth (2015-16) 76


Projected Actual

Recovery driven by


mining sector


Figures in


steadily at 75+

(At 2011-12 prices)

6


Radialisation will

be driven by




bull User Education

bull Retreading

Infrastructure


7

811

1719

2226

33

4453

60

67

72

77

6

25

34 34

42

51

61

72 7881

8486

88

0

10

20

30

40

50

60

70

80

90

2008-0

9

2009-1

0

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

2016-1

7

2017-1

8

2018-1

9

2019-2

0

2020-2

1

Radialisation ()

Domestic OEM

Actual

Expected

8

JK Tyre - Overview

Consolidated Growth



Revenues EBITDA

4 28


48 12






sector




Global Brands


company





consistent quality




Truck and Tractors)



Asymmetric tires







2008Acquired





2016Acquired


(CIL)





9


10


JK Tyre 28

Apollo 24

MRF 13

Birla 5

Ceat 5

OthersImports

26


Radials


roads




Radial


()


Particulars 13-14 14-15 15-16


OEM 51 61 72

Particulars 13-14 14-15 15-16

Bias 54 48 42

Radial 46 52 58

Particulars 13-14 14-15 15-16

Bias 56 51 42

Radial 44 49 58

()

()



Network

Strong OEM Presence

Cost Competitive

Ramp D Focus





11









Madhya Pradesh

Rajasthan

Tamil Nadu

Karnataka

Uttarakhand

12

Truck Bus Bias

FarmPCR

OTR

Racing

Truck Bus

Radial

LCV SCV Bias

LCVRadial

Military Defense

Industrialamp

Specialty


23 wheeler

13

Balanced

Product

Portfolio



14





Chennai



15




Development



Account Management







26 JK Tyre Truck


centre



Tyre Solution



Retailing

Over 1100


Owners

16

Planned in 2016-17






outlets

Maruti

Mahindra

x

x

X

IndiaMexico



17

Accolades





of Fame 2015rdquo



towards growth amp

development of Tyre

industry





in Las Vegas





Asiarsquos Most

Admired

Leader

Dr

Raghupati

Singhania

18

Dr Raghupati

Singhania

Industry

Leadership

Award at IACC


Bodies


Only Tyre

Superbrand





Year 2015 by World

Branding Forum

London

19





20

2015SA 8000|2008ISO 270012013

NABL 170252005ISO 14064


2013OHSAS 180012007- CTP





2010 TPM

2003 ISO 9000-2000

TS-16949

2001 EFQM

Commendation

1999 ISO 14001

1994 ISO 9001

amp QS -9000







accredited series


21


capacity


trade blocks



America markets


22

JK Tornel - Mexico


bull Chrysler


Radial (LTR)



Product range




bull Truck Bias


bull Farm Tyres










Capacity

83 Mn Tyres pa

No of Plants

3 plants in Mexico

(Azcapotzalco


Present Market

Share

bull Truck Bias 88

bull LCV Bias 85

bull Passenger Line

Radials 8

bull LTR 6

23


MnPesos

`Crs

Sales 2808 1104

EBITDA 403 151

PBT 214 78

PAT 147 51

Outsourcing (2)




Mexico (3)

India (9)

Own Plants (12)

China

Existing ndash 8

Sri Lanka

Miami

Montevideo

IndonesiaNairobi

Houston

Moscow

Dubai

Thailand

KenyaNigeria

Philippines

Planned ndash 4

24






Laksar (Haridwar)





25




EQUITY

` 50 Crs

DEBT

` 1470 Crs



Co(s) 36

CIL

` 2170 crs



26

Networth(50+650)


Combined Facility

12 Tyre Plants

India -9






Mexico -3

bull Azcapotzalco

bull Tultitlan

bull Hidalgo

Capacity

In Mexico City

27

Lac Nos pa


India

Tornel

Mexico

Total -

India amp

Mexico

1 Truck Bias 2318 1757 4075 638 4713

2 Truck Radial 2265 1199 3464 3464

Total Truck 4583 2956 7539 638 8177


4 23 Wheeler 6302 6302 6302


amp OTR)

2227 748 2975 2485 5460

6 Total 16695 10006 26701 8323 35024

7 Tons per day (TPD) 1143 627 1770 340 2110

TPD to Total 54 30 84 16 100

Particulars







PBIDT 491 537 757 621


PBDT 360 416 545 494

PBT 263 325 296 354

PAT 183 221 200 233



30092016 `crs

28


30092016

29

`crs

Standalone

Particulars



31032016 (Audited)

31032015 (Audited)



PBIDT 229 272 1006 766


PBDT 163 215 777 526

PBT 117 164 590 377

PAT 82 113 401 253



30092016

30

`crs

Consolidated

Particulars

30092016

(Unaudited

30092015

(Unaudited

31032016

(Audited)

31032015

(Audited)



PBIDT 394 317 1158 948


PBDT 283 256 913 690

PBT 148 173 669 486

PAT 100 116 464 330


31

The Product Range



31






market

32




(EBITDA Margin 171)






PBT 590 669

up by 57 up by 38

PAT 401 464

up by 58 up by 41


TBR 1465 800 2265

PCRLTR 8110 1775 9885



153 172

420283

500671

766

1006

0

200

400

600

800

1000

1200

20

03

-04

20

05

-06

20

09

-10

20

11

-12

20

12

-13

20

13

-14

20

14

-15

20

15

-16

EBITDA ndash ` Crs

` Crs


310316 310314 310316 310314








33


bull TBR ndash 20






bull Supply Chain

bull Dealer Portal

bull Selling Online

34


New products

launched

40 2011-12

62 2012-13

65 2013-14

63 2014-15

121 2015-16


38624086

5228

3100

3600

4100

4600

5100

310314 310315 310316



2013-14 60

2014-15 50

2015-16 53

477410

318

262218

168

138 130 106000

100

200

300

400

500

600

31314 310315 310316

Ratios

TOLEquity

Total Debt Equity


843 1091 1417

17672079

2252

2504

27132684

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


Current Liabilities



35


4676 4828

6063

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


430

370295

230193

153

113 107 089000

100

200

300

400

500

31314 31315 310316

Ratios

TOLEquity

Total Debt Equity


1092 1401 1748

19182234

2379

30283269

3217

0

1000

2000

3000

4000

5000

6000

7000

8000

310314 310315 310316


Current Liabilities



36



By Product Line

Truck 67

Light Truck 12

PCR 15


2

Replacement 56

Exports 9

OEMs 35

37



Truck amp Bus Tyres

Passenger Car Tyres

(Nos)

Truck Radial Tyres

Replacement 54

Exports 11

OEMs 35

Replacement 38

Exports 9

OEMs 53

Replacement 40

Exports 8

OEMs52

38

Key Raw materials


Natural Rubber

37

Synthetic Rubber

15


32

Others 16

39


40












149 144133

121133

126118

109

129 133153

164175 201

198 200

00

50

100

150

200

250

0

20

40

60

80

100

120

140

160






60

80

100

120

140

160

180

200

220

240


(`kg)



September 2016






Price Trend

299

054

514656

1205

1768

0

2

4

6

8

10

12

14

16

18

20

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

Increased

intrinsic value

of shares has

enhanced

Investor

Wealth

EPS ( in `)

41

Promoter5234

FII1216

DII007

Others3543


42

CHALLENGES STRATEGY












tyre companies

43

CHALLENGES STRATEGY


Prices







Industry Demand


Particulars 2004-05 2011-12 2012-13 2013-14 2014-15 2015-16 2017-18

(Expected)

2020-21

(Expected)

TruckBus 15 186 222 264 327 435 600 774

Pass Cars 86 985 981 982 984 988 990 993

April-March


44

1

24

57 7391

110

131

1532

00

4-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

est

ic D

em

and

(Lac

No

s)

Truck Bus Radial

95

287334 365

407460

523600

20

04-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

esti

c D

eman

d

(Lac

No

s)


45




811

17 1922

2633

44 53

6067

72

6

25

34 34

42

51

61

7278

8184 86

0

10

20

30

40

50

60

70

80

90

2008-0

9

2009-1

0

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

2016-1

7

2017-1

8

2018-1

9

2019-2

0

Radialisation ()

Domestic OEM

Actual

Expected

Outlook

Outlook

46












47




tyres PCR OTRFarm


Q3Q4 FY 17

Outlook

48


2

1

3

4

5

Brand

Building

Channel

Expansion

Ramp D

Capability

Service as

differentiator

Continuous

Improvement in

Profitability




Institute








and karting


49

Thank You

MANAGEMENT TEAM

Anshuman Singhania

Whole-time Director

VK Misra


Finance Director

Vikram Malhotra

Marketing Director

Sanjiv Saxena


AK Makkar

Manufacturing

Director

Dr RMukhopadhyay

Director (RampD)

Kumar Joshi


Vivek Kamra


Operations

Arun K Bajoria



Ashish Pandey

VP- Materials

4

5






Radialisation






Truck amp Bus28

Passenger CarLight

Truck58

Others 14


Truck amp Bus55

Passenger CarLight

Truck22

Others 23


2012-13 2013-14 2014-15 2015-162016-17

(Proj)2017-18

(Proj)

GDP growth 56 66 72 76 78 80

56

6672

7678 80

30

50

70

90

110

130

150

GDP G

rowt

h ()

7576

72

79

Q1 Q2 Q3 Q4

GDP Growth (2015-16) 76


Projected Actual

Recovery driven by


mining sector


Figures in


steadily at 75+

(At 2011-12 prices)

6


Radialisation will

be driven by




bull User Education

bull Retreading

Infrastructure


7

811

1719

2226

33

4453

60

67

72

77

6

25

34 34

42

51

61

72 7881

8486

88

0

10

20

30

40

50

60

70

80

90

2008-0

9

2009-1

0

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

2016-1

7

2017-1

8

2018-1

9

2019-2

0

2020-2

1

Radialisation ()

Domestic OEM

Actual

Expected

8

JK Tyre - Overview

Consolidated Growth



Revenues EBITDA

4 28


48 12






sector




Global Brands


company





consistent quality




Truck and Tractors)



Asymmetric tires







2008Acquired





2016Acquired


(CIL)





9


10


JK Tyre 28

Apollo 24

MRF 13

Birla 5

Ceat 5

OthersImports

26


Radials


roads




Radial


()


Particulars 13-14 14-15 15-16


OEM 51 61 72

Particulars 13-14 14-15 15-16

Bias 54 48 42

Radial 46 52 58

Particulars 13-14 14-15 15-16

Bias 56 51 42

Radial 44 49 58

()

()



Network

Strong OEM Presence

Cost Competitive

Ramp D Focus





11









Madhya Pradesh

Rajasthan

Tamil Nadu

Karnataka

Uttarakhand

12

Truck Bus Bias

FarmPCR

OTR

Racing

Truck Bus

Radial

LCV SCV Bias

LCVRadial

Military Defense

Industrialamp

Specialty


23 wheeler

13

Balanced

Product

Portfolio



14





Chennai



15




Development



Account Management







26 JK Tyre Truck


centre



Tyre Solution



Retailing

Over 1100


Owners

16

Planned in 2016-17






outlets

Maruti

Mahindra

x

x

X

IndiaMexico



17

Accolades





of Fame 2015rdquo



towards growth amp

development of Tyre

industry





in Las Vegas





Asiarsquos Most

Admired

Leader

Dr

Raghupati

Singhania

18

Dr Raghupati

Singhania

Industry

Leadership

Award at IACC


Bodies


Only Tyre

Superbrand





Year 2015 by World

Branding Forum

London

19





20

2015SA 8000|2008ISO 270012013

NABL 170252005ISO 14064


2013OHSAS 180012007- CTP





2010 TPM

2003 ISO 9000-2000

TS-16949

2001 EFQM

Commendation

1999 ISO 14001

1994 ISO 9001

amp QS -9000







accredited series


21


capacity


trade blocks



America markets


22

JK Tornel - Mexico


bull Chrysler


Radial (LTR)



Product range




bull Truck Bias


bull Farm Tyres










Capacity

83 Mn Tyres pa

No of Plants

3 plants in Mexico

(Azcapotzalco


Present Market

Share

bull Truck Bias 88

bull LCV Bias 85

bull Passenger Line

Radials 8

bull LTR 6

23


MnPesos

`Crs

Sales 2808 1104

EBITDA 403 151

PBT 214 78

PAT 147 51

Outsourcing (2)




Mexico (3)

India (9)

Own Plants (12)

China

Existing ndash 8

Sri Lanka

Miami

Montevideo

IndonesiaNairobi

Houston

Moscow

Dubai

Thailand

KenyaNigeria

Philippines

Planned ndash 4

24






Laksar (Haridwar)





25




EQUITY

` 50 Crs

DEBT

` 1470 Crs



Co(s) 36

CIL

` 2170 crs



26

Networth(50+650)


Combined Facility

12 Tyre Plants

India -9






Mexico -3

bull Azcapotzalco

bull Tultitlan

bull Hidalgo

Capacity

In Mexico City

27

Lac Nos pa


India

Tornel

Mexico

Total -

India amp

Mexico

1 Truck Bias 2318 1757 4075 638 4713

2 Truck Radial 2265 1199 3464 3464

Total Truck 4583 2956 7539 638 8177


4 23 Wheeler 6302 6302 6302


amp OTR)

2227 748 2975 2485 5460

6 Total 16695 10006 26701 8323 35024

7 Tons per day (TPD) 1143 627 1770 340 2110

TPD to Total 54 30 84 16 100

Particulars







PBIDT 491 537 757 621


PBDT 360 416 545 494

PBT 263 325 296 354

PAT 183 221 200 233



30092016 `crs

28


30092016

29

`crs

Standalone

Particulars



31032016 (Audited)

31032015 (Audited)



PBIDT 229 272 1006 766


PBDT 163 215 777 526

PBT 117 164 590 377

PAT 82 113 401 253



30092016

30

`crs

Consolidated

Particulars

30092016

(Unaudited

30092015

(Unaudited

31032016

(Audited)

31032015

(Audited)



PBIDT 394 317 1158 948


PBDT 283 256 913 690

PBT 148 173 669 486

PAT 100 116 464 330


31

The Product Range



31






market

32




(EBITDA Margin 171)






PBT 590 669

up by 57 up by 38

PAT 401 464

up by 58 up by 41


TBR 1465 800 2265

PCRLTR 8110 1775 9885



153 172

420283

500671

766

1006

0

200

400

600

800

1000

1200

20

03

-04

20

05

-06

20

09

-10

20

11

-12

20

12

-13

20

13

-14

20

14

-15

20

15

-16

EBITDA ndash ` Crs

` Crs


310316 310314 310316 310314








33


bull TBR ndash 20






bull Supply Chain

bull Dealer Portal

bull Selling Online

34


New products

launched

40 2011-12

62 2012-13

65 2013-14

63 2014-15

121 2015-16


38624086

5228

3100

3600

4100

4600

5100

310314 310315 310316



2013-14 60

2014-15 50

2015-16 53

477410

318

262218

168

138 130 106000

100

200

300

400

500

600

31314 310315 310316

Ratios

TOLEquity

Total Debt Equity


843 1091 1417

17672079

2252

2504

27132684

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


Current Liabilities



35


4676 4828

6063

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


430

370295

230193

153

113 107 089000

100

200

300

400

500

31314 31315 310316

Ratios

TOLEquity

Total Debt Equity


1092 1401 1748

19182234

2379

30283269

3217

0

1000

2000

3000

4000

5000

6000

7000

8000

310314 310315 310316


Current Liabilities



36



By Product Line

Truck 67

Light Truck 12

PCR 15


2

Replacement 56

Exports 9

OEMs 35

37



Truck amp Bus Tyres

Passenger Car Tyres

(Nos)

Truck Radial Tyres

Replacement 54

Exports 11

OEMs 35

Replacement 38

Exports 9

OEMs 53

Replacement 40

Exports 8

OEMs52

38

Key Raw materials


Natural Rubber

37

Synthetic Rubber

15


32

Others 16

39


40












149 144133

121133

126118

109

129 133153

164175 201

198 200

00

50

100

150

200

250

0

20

40

60

80

100

120

140

160






60

80

100

120

140

160

180

200

220

240


(`kg)



September 2016






Price Trend

299

054

514656

1205

1768

0

2

4

6

8

10

12

14

16

18

20

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

Increased

intrinsic value

of shares has

enhanced

Investor

Wealth

EPS ( in `)

41

Promoter5234

FII1216

DII007

Others3543


42

CHALLENGES STRATEGY












tyre companies

43

CHALLENGES STRATEGY


Prices







Industry Demand


Particulars 2004-05 2011-12 2012-13 2013-14 2014-15 2015-16 2017-18

(Expected)

2020-21

(Expected)

TruckBus 15 186 222 264 327 435 600 774

Pass Cars 86 985 981 982 984 988 990 993

April-March


44

1

24

57 7391

110

131

1532

00

4-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

est

ic D

em

and

(Lac

No

s)

Truck Bus Radial

95

287334 365

407460

523600

20

04-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

esti

c D

eman

d

(Lac

No

s)


45




811

17 1922

2633

44 53

6067

72

6

25

34 34

42

51

61

7278

8184 86

0

10

20

30

40

50

60

70

80

90

2008-0

9

2009-1

0

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

2016-1

7

2017-1

8

2018-1

9

2019-2

0

Radialisation ()

Domestic OEM

Actual

Expected

Outlook

Outlook

46












47




tyres PCR OTRFarm


Q3Q4 FY 17

Outlook

48


2

1

3

4

5

Brand

Building

Channel

Expansion

Ramp D

Capability

Service as

differentiator

Continuous

Improvement in

Profitability




Institute








and karting


49

Thank You

5






Radialisation






Truck amp Bus28

Passenger CarLight

Truck58

Others 14


Truck amp Bus55

Passenger CarLight

Truck22

Others 23


2012-13 2013-14 2014-15 2015-162016-17

(Proj)2017-18

(Proj)

GDP growth 56 66 72 76 78 80

56

6672

7678 80

30

50

70

90

110

130

150

GDP G

rowt

h ()

7576

72

79

Q1 Q2 Q3 Q4

GDP Growth (2015-16) 76


Projected Actual

Recovery driven by


mining sector


Figures in


steadily at 75+

(At 2011-12 prices)

6


Radialisation will

be driven by




bull User Education

bull Retreading

Infrastructure


7

811

1719

2226

33

4453

60

67

72

77

6

25

34 34

42

51

61

72 7881

8486

88

0

10

20

30

40

50

60

70

80

90

2008-0

9

2009-1

0

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

2016-1

7

2017-1

8

2018-1

9

2019-2

0

2020-2

1

Radialisation ()

Domestic OEM

Actual

Expected

8

JK Tyre - Overview

Consolidated Growth



Revenues EBITDA

4 28


48 12






sector




Global Brands


company





consistent quality




Truck and Tractors)



Asymmetric tires







2008Acquired





2016Acquired


(CIL)





9


10


JK Tyre 28

Apollo 24

MRF 13

Birla 5

Ceat 5

OthersImports

26


Radials


roads




Radial


()


Particulars 13-14 14-15 15-16


OEM 51 61 72

Particulars 13-14 14-15 15-16

Bias 54 48 42

Radial 46 52 58

Particulars 13-14 14-15 15-16

Bias 56 51 42

Radial 44 49 58

()

()



Network

Strong OEM Presence

Cost Competitive

Ramp D Focus





11









Madhya Pradesh

Rajasthan

Tamil Nadu

Karnataka

Uttarakhand

12

Truck Bus Bias

FarmPCR

OTR

Racing

Truck Bus

Radial

LCV SCV Bias

LCVRadial

Military Defense

Industrialamp

Specialty


23 wheeler

13

Balanced

Product

Portfolio



14





Chennai



15




Development



Account Management







26 JK Tyre Truck


centre



Tyre Solution



Retailing

Over 1100


Owners

16

Planned in 2016-17






outlets

Maruti

Mahindra

x

x

X

IndiaMexico



17

Accolades





of Fame 2015rdquo



towards growth amp

development of Tyre

industry





in Las Vegas





Asiarsquos Most

Admired

Leader

Dr

Raghupati

Singhania

18

Dr Raghupati

Singhania

Industry

Leadership

Award at IACC


Bodies


Only Tyre

Superbrand





Year 2015 by World

Branding Forum

London

19





20

2015SA 8000|2008ISO 270012013

NABL 170252005ISO 14064


2013OHSAS 180012007- CTP





2010 TPM

2003 ISO 9000-2000

TS-16949

2001 EFQM

Commendation

1999 ISO 14001

1994 ISO 9001

amp QS -9000







accredited series


21


capacity


trade blocks



America markets


22

JK Tornel - Mexico


bull Chrysler


Radial (LTR)



Product range




bull Truck Bias


bull Farm Tyres










Capacity

83 Mn Tyres pa

No of Plants

3 plants in Mexico

(Azcapotzalco


Present Market

Share

bull Truck Bias 88

bull LCV Bias 85

bull Passenger Line

Radials 8

bull LTR 6

23


MnPesos

`Crs

Sales 2808 1104

EBITDA 403 151

PBT 214 78

PAT 147 51

Outsourcing (2)




Mexico (3)

India (9)

Own Plants (12)

China

Existing ndash 8

Sri Lanka

Miami

Montevideo

IndonesiaNairobi

Houston

Moscow

Dubai

Thailand

KenyaNigeria

Philippines

Planned ndash 4

24






Laksar (Haridwar)





25




EQUITY

` 50 Crs

DEBT

` 1470 Crs



Co(s) 36

CIL

` 2170 crs



26

Networth(50+650)


Combined Facility

12 Tyre Plants

India -9






Mexico -3

bull Azcapotzalco

bull Tultitlan

bull Hidalgo

Capacity

In Mexico City

27

Lac Nos pa


India

Tornel

Mexico

Total -

India amp

Mexico

1 Truck Bias 2318 1757 4075 638 4713

2 Truck Radial 2265 1199 3464 3464

Total Truck 4583 2956 7539 638 8177


4 23 Wheeler 6302 6302 6302


amp OTR)

2227 748 2975 2485 5460

6 Total 16695 10006 26701 8323 35024

7 Tons per day (TPD) 1143 627 1770 340 2110

TPD to Total 54 30 84 16 100

Particulars







PBIDT 491 537 757 621


PBDT 360 416 545 494

PBT 263 325 296 354

PAT 183 221 200 233



30092016 `crs

28


30092016

29

`crs

Standalone

Particulars



31032016 (Audited)

31032015 (Audited)



PBIDT 229 272 1006 766


PBDT 163 215 777 526

PBT 117 164 590 377

PAT 82 113 401 253



30092016

30

`crs

Consolidated

Particulars

30092016

(Unaudited

30092015

(Unaudited

31032016

(Audited)

31032015

(Audited)



PBIDT 394 317 1158 948


PBDT 283 256 913 690

PBT 148 173 669 486

PAT 100 116 464 330


31

The Product Range



31






market

32




(EBITDA Margin 171)






PBT 590 669

up by 57 up by 38

PAT 401 464

up by 58 up by 41


TBR 1465 800 2265

PCRLTR 8110 1775 9885



153 172

420283

500671

766

1006

0

200

400

600

800

1000

1200

20

03

-04

20

05

-06

20

09

-10

20

11

-12

20

12

-13

20

13

-14

20

14

-15

20

15

-16

EBITDA ndash ` Crs

` Crs


310316 310314 310316 310314








33


bull TBR ndash 20






bull Supply Chain

bull Dealer Portal

bull Selling Online

34


New products

launched

40 2011-12

62 2012-13

65 2013-14

63 2014-15

121 2015-16


38624086

5228

3100

3600

4100

4600

5100

310314 310315 310316



2013-14 60

2014-15 50

2015-16 53

477410

318

262218

168

138 130 106000

100

200

300

400

500

600

31314 310315 310316

Ratios

TOLEquity

Total Debt Equity


843 1091 1417

17672079

2252

2504

27132684

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


Current Liabilities



35


4676 4828

6063

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


430

370295

230193

153

113 107 089000

100

200

300

400

500

31314 31315 310316

Ratios

TOLEquity

Total Debt Equity


1092 1401 1748

19182234

2379

30283269

3217

0

1000

2000

3000

4000

5000

6000

7000

8000

310314 310315 310316


Current Liabilities



36



By Product Line

Truck 67

Light Truck 12

PCR 15


2

Replacement 56

Exports 9

OEMs 35

37



Truck amp Bus Tyres

Passenger Car Tyres

(Nos)

Truck Radial Tyres

Replacement 54

Exports 11

OEMs 35

Replacement 38

Exports 9

OEMs 53

Replacement 40

Exports 8

OEMs52

38

Key Raw materials


Natural Rubber

37

Synthetic Rubber

15


32

Others 16

39


40












149 144133

121133

126118

109

129 133153

164175 201

198 200

00

50

100

150

200

250

0

20

40

60

80

100

120

140

160






60

80

100

120

140

160

180

200

220

240


(`kg)



September 2016






Price Trend

299

054

514656

1205

1768

0

2

4

6

8

10

12

14

16

18

20

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

Increased

intrinsic value

of shares has

enhanced

Investor

Wealth

EPS ( in `)

41

Promoter5234

FII1216

DII007

Others3543


42

CHALLENGES STRATEGY












tyre companies

43

CHALLENGES STRATEGY


Prices







Industry Demand


Particulars 2004-05 2011-12 2012-13 2013-14 2014-15 2015-16 2017-18

(Expected)

2020-21

(Expected)

TruckBus 15 186 222 264 327 435 600 774

Pass Cars 86 985 981 982 984 988 990 993

April-March


44

1

24

57 7391

110

131

1532

00

4-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

est

ic D

em

and

(Lac

No

s)

Truck Bus Radial

95

287334 365

407460

523600

20

04-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

esti

c D

eman

d

(Lac

No

s)


45




811

17 1922

2633

44 53

6067

72

6

25

34 34

42

51

61

7278

8184 86

0

10

20

30

40

50

60

70

80

90

2008-0

9

2009-1

0

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

2016-1

7

2017-1

8

2018-1

9

2019-2

0

Radialisation ()

Domestic OEM

Actual

Expected

Outlook

Outlook

46












47




tyres PCR OTRFarm


Q3Q4 FY 17

Outlook

48


2

1

3

4

5

Brand

Building

Channel

Expansion

Ramp D

Capability

Service as

differentiator

Continuous

Improvement in

Profitability




Institute








and karting


49

Thank You

2012-13 2013-14 2014-15 2015-162016-17

(Proj)2017-18

(Proj)

GDP growth 56 66 72 76 78 80

56

6672

7678 80

30

50

70

90

110

130

150

GDP G

rowt

h ()

7576

72

79

Q1 Q2 Q3 Q4

GDP Growth (2015-16) 76


Projected Actual

Recovery driven by


mining sector


Figures in


steadily at 75+

(At 2011-12 prices)

6


Radialisation will

be driven by




bull User Education

bull Retreading

Infrastructure


7

811

1719

2226

33

4453

60

67

72

77

6

25

34 34

42

51

61

72 7881

8486

88

0

10

20

30

40

50

60

70

80

90

2008-0

9

2009-1

0

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

2016-1

7

2017-1

8

2018-1

9

2019-2

0

2020-2

1

Radialisation ()

Domestic OEM

Actual

Expected

8

JK Tyre - Overview

Consolidated Growth



Revenues EBITDA

4 28


48 12






sector




Global Brands


company





consistent quality




Truck and Tractors)



Asymmetric tires







2008Acquired





2016Acquired


(CIL)





9


10


JK Tyre 28

Apollo 24

MRF 13

Birla 5

Ceat 5

OthersImports

26


Radials


roads




Radial


()


Particulars 13-14 14-15 15-16


OEM 51 61 72

Particulars 13-14 14-15 15-16

Bias 54 48 42

Radial 46 52 58

Particulars 13-14 14-15 15-16

Bias 56 51 42

Radial 44 49 58

()

()



Network

Strong OEM Presence

Cost Competitive

Ramp D Focus





11









Madhya Pradesh

Rajasthan

Tamil Nadu

Karnataka

Uttarakhand

12

Truck Bus Bias

FarmPCR

OTR

Racing

Truck Bus

Radial

LCV SCV Bias

LCVRadial

Military Defense

Industrialamp

Specialty


23 wheeler

13

Balanced

Product

Portfolio



14





Chennai



15




Development



Account Management







26 JK Tyre Truck


centre



Tyre Solution



Retailing

Over 1100


Owners

16

Planned in 2016-17






outlets

Maruti

Mahindra

x

x

X

IndiaMexico



17

Accolades





of Fame 2015rdquo



towards growth amp

development of Tyre

industry





in Las Vegas





Asiarsquos Most

Admired

Leader

Dr

Raghupati

Singhania

18

Dr Raghupati

Singhania

Industry

Leadership

Award at IACC


Bodies


Only Tyre

Superbrand





Year 2015 by World

Branding Forum

London

19





20

2015SA 8000|2008ISO 270012013

NABL 170252005ISO 14064


2013OHSAS 180012007- CTP





2010 TPM

2003 ISO 9000-2000

TS-16949

2001 EFQM

Commendation

1999 ISO 14001

1994 ISO 9001

amp QS -9000







accredited series


21


capacity


trade blocks



America markets


22

JK Tornel - Mexico


bull Chrysler


Radial (LTR)



Product range




bull Truck Bias


bull Farm Tyres










Capacity

83 Mn Tyres pa

No of Plants

3 plants in Mexico

(Azcapotzalco


Present Market

Share

bull Truck Bias 88

bull LCV Bias 85

bull Passenger Line

Radials 8

bull LTR 6

23


MnPesos

`Crs

Sales 2808 1104

EBITDA 403 151

PBT 214 78

PAT 147 51

Outsourcing (2)




Mexico (3)

India (9)

Own Plants (12)

China

Existing ndash 8

Sri Lanka

Miami

Montevideo

IndonesiaNairobi

Houston

Moscow

Dubai

Thailand

KenyaNigeria

Philippines

Planned ndash 4

24






Laksar (Haridwar)





25




EQUITY

` 50 Crs

DEBT

` 1470 Crs



Co(s) 36

CIL

` 2170 crs



26

Networth(50+650)


Combined Facility

12 Tyre Plants

India -9






Mexico -3

bull Azcapotzalco

bull Tultitlan

bull Hidalgo

Capacity

In Mexico City

27

Lac Nos pa


India

Tornel

Mexico

Total -

India amp

Mexico

1 Truck Bias 2318 1757 4075 638 4713

2 Truck Radial 2265 1199 3464 3464

Total Truck 4583 2956 7539 638 8177


4 23 Wheeler 6302 6302 6302


amp OTR)

2227 748 2975 2485 5460

6 Total 16695 10006 26701 8323 35024

7 Tons per day (TPD) 1143 627 1770 340 2110

TPD to Total 54 30 84 16 100

Particulars







PBIDT 491 537 757 621


PBDT 360 416 545 494

PBT 263 325 296 354

PAT 183 221 200 233



30092016 `crs

28


30092016

29

`crs

Standalone

Particulars



31032016 (Audited)

31032015 (Audited)



PBIDT 229 272 1006 766


PBDT 163 215 777 526

PBT 117 164 590 377

PAT 82 113 401 253



30092016

30

`crs

Consolidated

Particulars

30092016

(Unaudited

30092015

(Unaudited

31032016

(Audited)

31032015

(Audited)



PBIDT 394 317 1158 948


PBDT 283 256 913 690

PBT 148 173 669 486

PAT 100 116 464 330


31

The Product Range



31






market

32




(EBITDA Margin 171)






PBT 590 669

up by 57 up by 38

PAT 401 464

up by 58 up by 41


TBR 1465 800 2265

PCRLTR 8110 1775 9885



153 172

420283

500671

766

1006

0

200

400

600

800

1000

1200

20

03

-04

20

05

-06

20

09

-10

20

11

-12

20

12

-13

20

13

-14

20

14

-15

20

15

-16

EBITDA ndash ` Crs

` Crs


310316 310314 310316 310314








33


bull TBR ndash 20






bull Supply Chain

bull Dealer Portal

bull Selling Online

34


New products

launched

40 2011-12

62 2012-13

65 2013-14

63 2014-15

121 2015-16


38624086

5228

3100

3600

4100

4600

5100

310314 310315 310316



2013-14 60

2014-15 50

2015-16 53

477410

318

262218

168

138 130 106000

100

200

300

400

500

600

31314 310315 310316

Ratios

TOLEquity

Total Debt Equity


843 1091 1417

17672079

2252

2504

27132684

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


Current Liabilities



35


4676 4828

6063

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


430

370295

230193

153

113 107 089000

100

200

300

400

500

31314 31315 310316

Ratios

TOLEquity

Total Debt Equity


1092 1401 1748

19182234

2379

30283269

3217

0

1000

2000

3000

4000

5000

6000

7000

8000

310314 310315 310316


Current Liabilities



36



By Product Line

Truck 67

Light Truck 12

PCR 15


2

Replacement 56

Exports 9

OEMs 35

37



Truck amp Bus Tyres

Passenger Car Tyres

(Nos)

Truck Radial Tyres

Replacement 54

Exports 11

OEMs 35

Replacement 38

Exports 9

OEMs 53

Replacement 40

Exports 8

OEMs52

38

Key Raw materials


Natural Rubber

37

Synthetic Rubber

15


32

Others 16

39


40












149 144133

121133

126118

109

129 133153

164175 201

198 200

00

50

100

150

200

250

0

20

40

60

80

100

120

140

160






60

80

100

120

140

160

180

200

220

240


(`kg)



September 2016






Price Trend

299

054

514656

1205

1768

0

2

4

6

8

10

12

14

16

18

20

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

Increased

intrinsic value

of shares has

enhanced

Investor

Wealth

EPS ( in `)

41

Promoter5234

FII1216

DII007

Others3543


42

CHALLENGES STRATEGY












tyre companies

43

CHALLENGES STRATEGY


Prices







Industry Demand


Particulars 2004-05 2011-12 2012-13 2013-14 2014-15 2015-16 2017-18

(Expected)

2020-21

(Expected)

TruckBus 15 186 222 264 327 435 600 774

Pass Cars 86 985 981 982 984 988 990 993

April-March


44

1

24

57 7391

110

131

1532

00

4-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

est

ic D

em

and

(Lac

No

s)

Truck Bus Radial

95

287334 365

407460

523600

20

04-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

esti

c D

eman

d

(Lac

No

s)


45




811

17 1922

2633

44 53

6067

72

6

25

34 34

42

51

61

7278

8184 86

0

10

20

30

40

50

60

70

80

90

2008-0

9

2009-1

0

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

2016-1

7

2017-1

8

2018-1

9

2019-2

0

Radialisation ()

Domestic OEM

Actual

Expected

Outlook

Outlook

46












47




tyres PCR OTRFarm


Q3Q4 FY 17

Outlook

48


2

1

3

4

5

Brand

Building

Channel

Expansion

Ramp D

Capability

Service as

differentiator

Continuous

Improvement in

Profitability




Institute








and karting


49

Thank You


Radialisation will

be driven by




bull User Education

bull Retreading

Infrastructure


7

811

1719

2226

33

4453

60

67

72

77

6

25

34 34

42

51

61

72 7881

8486

88

0

10

20

30

40

50

60

70

80

90

2008-0

9

2009-1

0

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

2016-1

7

2017-1

8

2018-1

9

2019-2

0

2020-2

1

Radialisation ()

Domestic OEM

Actual

Expected

8

JK Tyre - Overview

Consolidated Growth



Revenues EBITDA

4 28


48 12






sector




Global Brands


company





consistent quality




Truck and Tractors)



Asymmetric tires







2008Acquired





2016Acquired


(CIL)





9


10


JK Tyre 28

Apollo 24

MRF 13

Birla 5

Ceat 5

OthersImports

26


Radials


roads




Radial


()


Particulars 13-14 14-15 15-16


OEM 51 61 72

Particulars 13-14 14-15 15-16

Bias 54 48 42

Radial 46 52 58

Particulars 13-14 14-15 15-16

Bias 56 51 42

Radial 44 49 58

()

()



Network

Strong OEM Presence

Cost Competitive

Ramp D Focus





11









Madhya Pradesh

Rajasthan

Tamil Nadu

Karnataka

Uttarakhand

12

Truck Bus Bias

FarmPCR

OTR

Racing

Truck Bus

Radial

LCV SCV Bias

LCVRadial

Military Defense

Industrialamp

Specialty


23 wheeler

13

Balanced

Product

Portfolio



14





Chennai



15




Development



Account Management







26 JK Tyre Truck


centre



Tyre Solution



Retailing

Over 1100


Owners

16

Planned in 2016-17






outlets

Maruti

Mahindra

x

x

X

IndiaMexico



17

Accolades





of Fame 2015rdquo



towards growth amp

development of Tyre

industry





in Las Vegas





Asiarsquos Most

Admired

Leader

Dr

Raghupati

Singhania

18

Dr Raghupati

Singhania

Industry

Leadership

Award at IACC


Bodies


Only Tyre

Superbrand





Year 2015 by World

Branding Forum

London

19





20

2015SA 8000|2008ISO 270012013

NABL 170252005ISO 14064


2013OHSAS 180012007- CTP





2010 TPM

2003 ISO 9000-2000

TS-16949

2001 EFQM

Commendation

1999 ISO 14001

1994 ISO 9001

amp QS -9000







accredited series


21


capacity


trade blocks



America markets


22

JK Tornel - Mexico


bull Chrysler


Radial (LTR)



Product range




bull Truck Bias


bull Farm Tyres










Capacity

83 Mn Tyres pa

No of Plants

3 plants in Mexico

(Azcapotzalco


Present Market

Share

bull Truck Bias 88

bull LCV Bias 85

bull Passenger Line

Radials 8

bull LTR 6

23


MnPesos

`Crs

Sales 2808 1104

EBITDA 403 151

PBT 214 78

PAT 147 51

Outsourcing (2)




Mexico (3)

India (9)

Own Plants (12)

China

Existing ndash 8

Sri Lanka

Miami

Montevideo

IndonesiaNairobi

Houston

Moscow

Dubai

Thailand

KenyaNigeria

Philippines

Planned ndash 4

24






Laksar (Haridwar)





25




EQUITY

` 50 Crs

DEBT

` 1470 Crs



Co(s) 36

CIL

` 2170 crs



26

Networth(50+650)


Combined Facility

12 Tyre Plants

India -9






Mexico -3

bull Azcapotzalco

bull Tultitlan

bull Hidalgo

Capacity

In Mexico City

27

Lac Nos pa


India

Tornel

Mexico

Total -

India amp

Mexico

1 Truck Bias 2318 1757 4075 638 4713

2 Truck Radial 2265 1199 3464 3464

Total Truck 4583 2956 7539 638 8177


4 23 Wheeler 6302 6302 6302


amp OTR)

2227 748 2975 2485 5460

6 Total 16695 10006 26701 8323 35024

7 Tons per day (TPD) 1143 627 1770 340 2110

TPD to Total 54 30 84 16 100

Particulars







PBIDT 491 537 757 621


PBDT 360 416 545 494

PBT 263 325 296 354

PAT 183 221 200 233



30092016 `crs

28


30092016

29

`crs

Standalone

Particulars



31032016 (Audited)

31032015 (Audited)



PBIDT 229 272 1006 766


PBDT 163 215 777 526

PBT 117 164 590 377

PAT 82 113 401 253



30092016

30

`crs

Consolidated

Particulars

30092016

(Unaudited

30092015

(Unaudited

31032016

(Audited)

31032015

(Audited)



PBIDT 394 317 1158 948


PBDT 283 256 913 690

PBT 148 173 669 486

PAT 100 116 464 330


31

The Product Range



31






market

32




(EBITDA Margin 171)






PBT 590 669

up by 57 up by 38

PAT 401 464

up by 58 up by 41


TBR 1465 800 2265

PCRLTR 8110 1775 9885



153 172

420283

500671

766

1006

0

200

400

600

800

1000

1200

20

03

-04

20

05

-06

20

09

-10

20

11

-12

20

12

-13

20

13

-14

20

14

-15

20

15

-16

EBITDA ndash ` Crs

` Crs


310316 310314 310316 310314








33


bull TBR ndash 20






bull Supply Chain

bull Dealer Portal

bull Selling Online

34


New products

launched

40 2011-12

62 2012-13

65 2013-14

63 2014-15

121 2015-16


38624086

5228

3100

3600

4100

4600

5100

310314 310315 310316



2013-14 60

2014-15 50

2015-16 53

477410

318

262218

168

138 130 106000

100

200

300

400

500

600

31314 310315 310316

Ratios

TOLEquity

Total Debt Equity


843 1091 1417

17672079

2252

2504

27132684

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


Current Liabilities



35


4676 4828

6063

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


430

370295

230193

153

113 107 089000

100

200

300

400

500

31314 31315 310316

Ratios

TOLEquity

Total Debt Equity


1092 1401 1748

19182234

2379

30283269

3217

0

1000

2000

3000

4000

5000

6000

7000

8000

310314 310315 310316


Current Liabilities



36



By Product Line

Truck 67

Light Truck 12

PCR 15


2

Replacement 56

Exports 9

OEMs 35

37



Truck amp Bus Tyres

Passenger Car Tyres

(Nos)

Truck Radial Tyres

Replacement 54

Exports 11

OEMs 35

Replacement 38

Exports 9

OEMs 53

Replacement 40

Exports 8

OEMs52

38

Key Raw materials


Natural Rubber

37

Synthetic Rubber

15


32

Others 16

39


40












149 144133

121133

126118

109

129 133153

164175 201

198 200

00

50

100

150

200

250

0

20

40

60

80

100

120

140

160






60

80

100

120

140

160

180

200

220

240


(`kg)



September 2016






Price Trend

299

054

514656

1205

1768

0

2

4

6

8

10

12

14

16

18

20

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

Increased

intrinsic value

of shares has

enhanced

Investor

Wealth

EPS ( in `)

41

Promoter5234

FII1216

DII007

Others3543


42

CHALLENGES STRATEGY












tyre companies

43

CHALLENGES STRATEGY


Prices







Industry Demand


Particulars 2004-05 2011-12 2012-13 2013-14 2014-15 2015-16 2017-18

(Expected)

2020-21

(Expected)

TruckBus 15 186 222 264 327 435 600 774

Pass Cars 86 985 981 982 984 988 990 993

April-March


44

1

24

57 7391

110

131

1532

00

4-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

est

ic D

em

and

(Lac

No

s)

Truck Bus Radial

95

287334 365

407460

523600

20

04-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

esti

c D

eman

d

(Lac

No

s)


45




811

17 1922

2633

44 53

6067

72

6

25

34 34

42

51

61

7278

8184 86

0

10

20

30

40

50

60

70

80

90

2008-0

9

2009-1

0

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

2016-1

7

2017-1

8

2018-1

9

2019-2

0

Radialisation ()

Domestic OEM

Actual

Expected

Outlook

Outlook

46












47




tyres PCR OTRFarm


Q3Q4 FY 17

Outlook

48


2

1

3

4

5

Brand

Building

Channel

Expansion

Ramp D

Capability

Service as

differentiator

Continuous

Improvement in

Profitability




Institute








and karting


49

Thank You

8

JK Tyre - Overview

Consolidated Growth



Revenues EBITDA

4 28


48 12






sector




Global Brands


company





consistent quality




Truck and Tractors)



Asymmetric tires







2008Acquired





2016Acquired


(CIL)





9


10


JK Tyre 28

Apollo 24

MRF 13

Birla 5

Ceat 5

OthersImports

26


Radials


roads




Radial


()


Particulars 13-14 14-15 15-16


OEM 51 61 72

Particulars 13-14 14-15 15-16

Bias 54 48 42

Radial 46 52 58

Particulars 13-14 14-15 15-16

Bias 56 51 42

Radial 44 49 58

()

()



Network

Strong OEM Presence

Cost Competitive

Ramp D Focus





11









Madhya Pradesh

Rajasthan

Tamil Nadu

Karnataka

Uttarakhand

12

Truck Bus Bias

FarmPCR

OTR

Racing

Truck Bus

Radial

LCV SCV Bias

LCVRadial

Military Defense

Industrialamp

Specialty


23 wheeler

13

Balanced

Product

Portfolio



14





Chennai



15




Development



Account Management







26 JK Tyre Truck


centre



Tyre Solution



Retailing

Over 1100


Owners

16

Planned in 2016-17






outlets

Maruti

Mahindra

x

x

X

IndiaMexico



17

Accolades





of Fame 2015rdquo



towards growth amp

development of Tyre

industry





in Las Vegas





Asiarsquos Most

Admired

Leader

Dr

Raghupati

Singhania

18

Dr Raghupati

Singhania

Industry

Leadership

Award at IACC


Bodies


Only Tyre

Superbrand





Year 2015 by World

Branding Forum

London

19





20

2015SA 8000|2008ISO 270012013

NABL 170252005ISO 14064


2013OHSAS 180012007- CTP





2010 TPM

2003 ISO 9000-2000

TS-16949

2001 EFQM

Commendation

1999 ISO 14001

1994 ISO 9001

amp QS -9000







accredited series


21


capacity


trade blocks



America markets


22

JK Tornel - Mexico


bull Chrysler


Radial (LTR)



Product range




bull Truck Bias


bull Farm Tyres










Capacity

83 Mn Tyres pa

No of Plants

3 plants in Mexico

(Azcapotzalco


Present Market

Share

bull Truck Bias 88

bull LCV Bias 85

bull Passenger Line

Radials 8

bull LTR 6

23


MnPesos

`Crs

Sales 2808 1104

EBITDA 403 151

PBT 214 78

PAT 147 51

Outsourcing (2)




Mexico (3)

India (9)

Own Plants (12)

China

Existing ndash 8

Sri Lanka

Miami

Montevideo

IndonesiaNairobi

Houston

Moscow

Dubai

Thailand

KenyaNigeria

Philippines

Planned ndash 4

24






Laksar (Haridwar)





25




EQUITY

` 50 Crs

DEBT

` 1470 Crs



Co(s) 36

CIL

` 2170 crs



26

Networth(50+650)


Combined Facility

12 Tyre Plants

India -9






Mexico -3

bull Azcapotzalco

bull Tultitlan

bull Hidalgo

Capacity

In Mexico City

27

Lac Nos pa


India

Tornel

Mexico

Total -

India amp

Mexico

1 Truck Bias 2318 1757 4075 638 4713

2 Truck Radial 2265 1199 3464 3464

Total Truck 4583 2956 7539 638 8177


4 23 Wheeler 6302 6302 6302


amp OTR)

2227 748 2975 2485 5460

6 Total 16695 10006 26701 8323 35024

7 Tons per day (TPD) 1143 627 1770 340 2110

TPD to Total 54 30 84 16 100

Particulars







PBIDT 491 537 757 621


PBDT 360 416 545 494

PBT 263 325 296 354

PAT 183 221 200 233



30092016 `crs

28


30092016

29

`crs

Standalone

Particulars



31032016 (Audited)

31032015 (Audited)



PBIDT 229 272 1006 766


PBDT 163 215 777 526

PBT 117 164 590 377

PAT 82 113 401 253



30092016

30

`crs

Consolidated

Particulars

30092016

(Unaudited

30092015

(Unaudited

31032016

(Audited)

31032015

(Audited)



PBIDT 394 317 1158 948


PBDT 283 256 913 690

PBT 148 173 669 486

PAT 100 116 464 330


31

The Product Range



31






market

32




(EBITDA Margin 171)






PBT 590 669

up by 57 up by 38

PAT 401 464

up by 58 up by 41


TBR 1465 800 2265

PCRLTR 8110 1775 9885



153 172

420283

500671

766

1006

0

200

400

600

800

1000

1200

20

03

-04

20

05

-06

20

09

-10

20

11

-12

20

12

-13

20

13

-14

20

14

-15

20

15

-16

EBITDA ndash ` Crs

` Crs


310316 310314 310316 310314








33


bull TBR ndash 20






bull Supply Chain

bull Dealer Portal

bull Selling Online

34


New products

launched

40 2011-12

62 2012-13

65 2013-14

63 2014-15

121 2015-16


38624086

5228

3100

3600

4100

4600

5100

310314 310315 310316



2013-14 60

2014-15 50

2015-16 53

477410

318

262218

168

138 130 106000

100

200

300

400

500

600

31314 310315 310316

Ratios

TOLEquity

Total Debt Equity


843 1091 1417

17672079

2252

2504

27132684

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


Current Liabilities



35


4676 4828

6063

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


430

370295

230193

153

113 107 089000

100

200

300

400

500

31314 31315 310316

Ratios

TOLEquity

Total Debt Equity


1092 1401 1748

19182234

2379

30283269

3217

0

1000

2000

3000

4000

5000

6000

7000

8000

310314 310315 310316


Current Liabilities



36



By Product Line

Truck 67

Light Truck 12

PCR 15


2

Replacement 56

Exports 9

OEMs 35

37



Truck amp Bus Tyres

Passenger Car Tyres

(Nos)

Truck Radial Tyres

Replacement 54

Exports 11

OEMs 35

Replacement 38

Exports 9

OEMs 53

Replacement 40

Exports 8

OEMs52

38

Key Raw materials


Natural Rubber

37

Synthetic Rubber

15


32

Others 16

39


40












149 144133

121133

126118

109

129 133153

164175 201

198 200

00

50

100

150

200

250

0

20

40

60

80

100

120

140

160






60

80

100

120

140

160

180

200

220

240


(`kg)



September 2016






Price Trend

299

054

514656

1205

1768

0

2

4

6

8

10

12

14

16

18

20

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

Increased

intrinsic value

of shares has

enhanced

Investor

Wealth

EPS ( in `)

41

Promoter5234

FII1216

DII007

Others3543


42

CHALLENGES STRATEGY












tyre companies

43

CHALLENGES STRATEGY


Prices







Industry Demand


Particulars 2004-05 2011-12 2012-13 2013-14 2014-15 2015-16 2017-18

(Expected)

2020-21

(Expected)

TruckBus 15 186 222 264 327 435 600 774

Pass Cars 86 985 981 982 984 988 990 993

April-March


44

1

24

57 7391

110

131

1532

00

4-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

est

ic D

em

and

(Lac

No

s)

Truck Bus Radial

95

287334 365

407460

523600

20

04-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

esti

c D

eman

d

(Lac

No

s)


45




811

17 1922

2633

44 53

6067

72

6

25

34 34

42

51

61

7278

8184 86

0

10

20

30

40

50

60

70

80

90

2008-0

9

2009-1

0

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

2016-1

7

2017-1

8

2018-1

9

2019-2

0

Radialisation ()

Domestic OEM

Actual

Expected

Outlook

Outlook

46












47




tyres PCR OTRFarm


Q3Q4 FY 17

Outlook

48


2

1

3

4

5

Brand

Building

Channel

Expansion

Ramp D

Capability

Service as

differentiator

Continuous

Improvement in

Profitability




Institute








and karting


49

Thank You




Truck and Tractors)



Asymmetric tires







2008Acquired





2016Acquired


(CIL)





9


10


JK Tyre 28

Apollo 24

MRF 13

Birla 5

Ceat 5

OthersImports

26


Radials


roads




Radial


()


Particulars 13-14 14-15 15-16


OEM 51 61 72

Particulars 13-14 14-15 15-16

Bias 54 48 42

Radial 46 52 58

Particulars 13-14 14-15 15-16

Bias 56 51 42

Radial 44 49 58

()

()



Network

Strong OEM Presence

Cost Competitive

Ramp D Focus





11









Madhya Pradesh

Rajasthan

Tamil Nadu

Karnataka

Uttarakhand

12

Truck Bus Bias

FarmPCR

OTR

Racing

Truck Bus

Radial

LCV SCV Bias

LCVRadial

Military Defense

Industrialamp

Specialty


23 wheeler

13

Balanced

Product

Portfolio



14





Chennai



15




Development



Account Management







26 JK Tyre Truck


centre



Tyre Solution



Retailing

Over 1100


Owners

16

Planned in 2016-17






outlets

Maruti

Mahindra

x

x

X

IndiaMexico



17

Accolades





of Fame 2015rdquo



towards growth amp

development of Tyre

industry





in Las Vegas





Asiarsquos Most

Admired

Leader

Dr

Raghupati

Singhania

18

Dr Raghupati

Singhania

Industry

Leadership

Award at IACC


Bodies


Only Tyre

Superbrand





Year 2015 by World

Branding Forum

London

19





20

2015SA 8000|2008ISO 270012013

NABL 170252005ISO 14064


2013OHSAS 180012007- CTP





2010 TPM

2003 ISO 9000-2000

TS-16949

2001 EFQM

Commendation

1999 ISO 14001

1994 ISO 9001

amp QS -9000







accredited series


21


capacity


trade blocks



America markets


22

JK Tornel - Mexico


bull Chrysler


Radial (LTR)



Product range




bull Truck Bias


bull Farm Tyres










Capacity

83 Mn Tyres pa

No of Plants

3 plants in Mexico

(Azcapotzalco


Present Market

Share

bull Truck Bias 88

bull LCV Bias 85

bull Passenger Line

Radials 8

bull LTR 6

23


MnPesos

`Crs

Sales 2808 1104

EBITDA 403 151

PBT 214 78

PAT 147 51

Outsourcing (2)




Mexico (3)

India (9)

Own Plants (12)

China

Existing ndash 8

Sri Lanka

Miami

Montevideo

IndonesiaNairobi

Houston

Moscow

Dubai

Thailand

KenyaNigeria

Philippines

Planned ndash 4

24






Laksar (Haridwar)





25




EQUITY

` 50 Crs

DEBT

` 1470 Crs



Co(s) 36

CIL

` 2170 crs



26

Networth(50+650)


Combined Facility

12 Tyre Plants

India -9






Mexico -3

bull Azcapotzalco

bull Tultitlan

bull Hidalgo

Capacity

In Mexico City

27

Lac Nos pa


India

Tornel

Mexico

Total -

India amp

Mexico

1 Truck Bias 2318 1757 4075 638 4713

2 Truck Radial 2265 1199 3464 3464

Total Truck 4583 2956 7539 638 8177


4 23 Wheeler 6302 6302 6302


amp OTR)

2227 748 2975 2485 5460

6 Total 16695 10006 26701 8323 35024

7 Tons per day (TPD) 1143 627 1770 340 2110

TPD to Total 54 30 84 16 100

Particulars







PBIDT 491 537 757 621


PBDT 360 416 545 494

PBT 263 325 296 354

PAT 183 221 200 233



30092016 `crs

28


30092016

29

`crs

Standalone

Particulars



31032016 (Audited)

31032015 (Audited)



PBIDT 229 272 1006 766


PBDT 163 215 777 526

PBT 117 164 590 377

PAT 82 113 401 253



30092016

30

`crs

Consolidated

Particulars

30092016

(Unaudited

30092015

(Unaudited

31032016

(Audited)

31032015

(Audited)



PBIDT 394 317 1158 948


PBDT 283 256 913 690

PBT 148 173 669 486

PAT 100 116 464 330


31

The Product Range



31






market

32




(EBITDA Margin 171)






PBT 590 669

up by 57 up by 38

PAT 401 464

up by 58 up by 41


TBR 1465 800 2265

PCRLTR 8110 1775 9885



153 172

420283

500671

766

1006

0

200

400

600

800

1000

1200

20

03

-04

20

05

-06

20

09

-10

20

11

-12

20

12

-13

20

13

-14

20

14

-15

20

15

-16

EBITDA ndash ` Crs

` Crs


310316 310314 310316 310314








33


bull TBR ndash 20






bull Supply Chain

bull Dealer Portal

bull Selling Online

34


New products

launched

40 2011-12

62 2012-13

65 2013-14

63 2014-15

121 2015-16


38624086

5228

3100

3600

4100

4600

5100

310314 310315 310316



2013-14 60

2014-15 50

2015-16 53

477410

318

262218

168

138 130 106000

100

200

300

400

500

600

31314 310315 310316

Ratios

TOLEquity

Total Debt Equity


843 1091 1417

17672079

2252

2504

27132684

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


Current Liabilities



35


4676 4828

6063

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


430

370295

230193

153

113 107 089000

100

200

300

400

500

31314 31315 310316

Ratios

TOLEquity

Total Debt Equity


1092 1401 1748

19182234

2379

30283269

3217

0

1000

2000

3000

4000

5000

6000

7000

8000

310314 310315 310316


Current Liabilities



36



By Product Line

Truck 67

Light Truck 12

PCR 15


2

Replacement 56

Exports 9

OEMs 35

37



Truck amp Bus Tyres

Passenger Car Tyres

(Nos)

Truck Radial Tyres

Replacement 54

Exports 11

OEMs 35

Replacement 38

Exports 9

OEMs 53

Replacement 40

Exports 8

OEMs52

38

Key Raw materials


Natural Rubber

37

Synthetic Rubber

15


32

Others 16

39


40












149 144133

121133

126118

109

129 133153

164175 201

198 200

00

50

100

150

200

250

0

20

40

60

80

100

120

140

160






60

80

100

120

140

160

180

200

220

240


(`kg)



September 2016






Price Trend

299

054

514656

1205

1768

0

2

4

6

8

10

12

14

16

18

20

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

Increased

intrinsic value

of shares has

enhanced

Investor

Wealth

EPS ( in `)

41

Promoter5234

FII1216

DII007

Others3543


42

CHALLENGES STRATEGY












tyre companies

43

CHALLENGES STRATEGY


Prices







Industry Demand


Particulars 2004-05 2011-12 2012-13 2013-14 2014-15 2015-16 2017-18

(Expected)

2020-21

(Expected)

TruckBus 15 186 222 264 327 435 600 774

Pass Cars 86 985 981 982 984 988 990 993

April-March


44

1

24

57 7391

110

131

1532

00

4-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

est

ic D

em

and

(Lac

No

s)

Truck Bus Radial

95

287334 365

407460

523600

20

04-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

esti

c D

eman

d

(Lac

No

s)


45




811

17 1922

2633

44 53

6067

72

6

25

34 34

42

51

61

7278

8184 86

0

10

20

30

40

50

60

70

80

90

2008-0

9

2009-1

0

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

2016-1

7

2017-1

8

2018-1

9

2019-2

0

Radialisation ()

Domestic OEM

Actual

Expected

Outlook

Outlook

46












47




tyres PCR OTRFarm


Q3Q4 FY 17

Outlook

48


2

1

3

4

5

Brand

Building

Channel

Expansion

Ramp D

Capability

Service as

differentiator

Continuous

Improvement in

Profitability




Institute








and karting


49

Thank You


10


JK Tyre 28

Apollo 24

MRF 13

Birla 5

Ceat 5

OthersImports

26


Radials


roads




Radial


()


Particulars 13-14 14-15 15-16


OEM 51 61 72

Particulars 13-14 14-15 15-16

Bias 54 48 42

Radial 46 52 58

Particulars 13-14 14-15 15-16

Bias 56 51 42

Radial 44 49 58

()

()



Network

Strong OEM Presence

Cost Competitive

Ramp D Focus





11









Madhya Pradesh

Rajasthan

Tamil Nadu

Karnataka

Uttarakhand

12

Truck Bus Bias

FarmPCR

OTR

Racing

Truck Bus

Radial

LCV SCV Bias

LCVRadial

Military Defense

Industrialamp

Specialty


23 wheeler

13

Balanced

Product

Portfolio



14





Chennai



15




Development



Account Management







26 JK Tyre Truck


centre



Tyre Solution



Retailing

Over 1100


Owners

16

Planned in 2016-17






outlets

Maruti

Mahindra

x

x

X

IndiaMexico



17

Accolades





of Fame 2015rdquo



towards growth amp

development of Tyre

industry





in Las Vegas





Asiarsquos Most

Admired

Leader

Dr

Raghupati

Singhania

18

Dr Raghupati

Singhania

Industry

Leadership

Award at IACC


Bodies


Only Tyre

Superbrand





Year 2015 by World

Branding Forum

London

19





20

2015SA 8000|2008ISO 270012013

NABL 170252005ISO 14064


2013OHSAS 180012007- CTP





2010 TPM

2003 ISO 9000-2000

TS-16949

2001 EFQM

Commendation

1999 ISO 14001

1994 ISO 9001

amp QS -9000







accredited series


21


capacity


trade blocks



America markets


22

JK Tornel - Mexico


bull Chrysler


Radial (LTR)



Product range




bull Truck Bias


bull Farm Tyres










Capacity

83 Mn Tyres pa

No of Plants

3 plants in Mexico

(Azcapotzalco


Present Market

Share

bull Truck Bias 88

bull LCV Bias 85

bull Passenger Line

Radials 8

bull LTR 6

23


MnPesos

`Crs

Sales 2808 1104

EBITDA 403 151

PBT 214 78

PAT 147 51

Outsourcing (2)




Mexico (3)

India (9)

Own Plants (12)

China

Existing ndash 8

Sri Lanka

Miami

Montevideo

IndonesiaNairobi

Houston

Moscow

Dubai

Thailand

KenyaNigeria

Philippines

Planned ndash 4

24






Laksar (Haridwar)





25




EQUITY

` 50 Crs

DEBT

` 1470 Crs



Co(s) 36

CIL

` 2170 crs



26

Networth(50+650)


Combined Facility

12 Tyre Plants

India -9






Mexico -3

bull Azcapotzalco

bull Tultitlan

bull Hidalgo

Capacity

In Mexico City

27

Lac Nos pa


India

Tornel

Mexico

Total -

India amp

Mexico

1 Truck Bias 2318 1757 4075 638 4713

2 Truck Radial 2265 1199 3464 3464

Total Truck 4583 2956 7539 638 8177


4 23 Wheeler 6302 6302 6302


amp OTR)

2227 748 2975 2485 5460

6 Total 16695 10006 26701 8323 35024

7 Tons per day (TPD) 1143 627 1770 340 2110

TPD to Total 54 30 84 16 100

Particulars







PBIDT 491 537 757 621


PBDT 360 416 545 494

PBT 263 325 296 354

PAT 183 221 200 233



30092016 `crs

28


30092016

29

`crs

Standalone

Particulars



31032016 (Audited)

31032015 (Audited)



PBIDT 229 272 1006 766


PBDT 163 215 777 526

PBT 117 164 590 377

PAT 82 113 401 253



30092016

30

`crs

Consolidated

Particulars

30092016

(Unaudited

30092015

(Unaudited

31032016

(Audited)

31032015

(Audited)



PBIDT 394 317 1158 948


PBDT 283 256 913 690

PBT 148 173 669 486

PAT 100 116 464 330


31

The Product Range



31






market

32




(EBITDA Margin 171)






PBT 590 669

up by 57 up by 38

PAT 401 464

up by 58 up by 41


TBR 1465 800 2265

PCRLTR 8110 1775 9885



153 172

420283

500671

766

1006

0

200

400

600

800

1000

1200

20

03

-04

20

05

-06

20

09

-10

20

11

-12

20

12

-13

20

13

-14

20

14

-15

20

15

-16

EBITDA ndash ` Crs

` Crs


310316 310314 310316 310314








33


bull TBR ndash 20






bull Supply Chain

bull Dealer Portal

bull Selling Online

34


New products

launched

40 2011-12

62 2012-13

65 2013-14

63 2014-15

121 2015-16


38624086

5228

3100

3600

4100

4600

5100

310314 310315 310316



2013-14 60

2014-15 50

2015-16 53

477410

318

262218

168

138 130 106000

100

200

300

400

500

600

31314 310315 310316

Ratios

TOLEquity

Total Debt Equity


843 1091 1417

17672079

2252

2504

27132684

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


Current Liabilities



35


4676 4828

6063

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


430

370295

230193

153

113 107 089000

100

200

300

400

500

31314 31315 310316

Ratios

TOLEquity

Total Debt Equity


1092 1401 1748

19182234

2379

30283269

3217

0

1000

2000

3000

4000

5000

6000

7000

8000

310314 310315 310316


Current Liabilities



36



By Product Line

Truck 67

Light Truck 12

PCR 15


2

Replacement 56

Exports 9

OEMs 35

37



Truck amp Bus Tyres

Passenger Car Tyres

(Nos)

Truck Radial Tyres

Replacement 54

Exports 11

OEMs 35

Replacement 38

Exports 9

OEMs 53

Replacement 40

Exports 8

OEMs52

38

Key Raw materials


Natural Rubber

37

Synthetic Rubber

15


32

Others 16

39


40












149 144133

121133

126118

109

129 133153

164175 201

198 200

00

50

100

150

200

250

0

20

40

60

80

100

120

140

160






60

80

100

120

140

160

180

200

220

240


(`kg)



September 2016






Price Trend

299

054

514656

1205

1768

0

2

4

6

8

10

12

14

16

18

20

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

Increased

intrinsic value

of shares has

enhanced

Investor

Wealth

EPS ( in `)

41

Promoter5234

FII1216

DII007

Others3543


42

CHALLENGES STRATEGY












tyre companies

43

CHALLENGES STRATEGY


Prices







Industry Demand


Particulars 2004-05 2011-12 2012-13 2013-14 2014-15 2015-16 2017-18

(Expected)

2020-21

(Expected)

TruckBus 15 186 222 264 327 435 600 774

Pass Cars 86 985 981 982 984 988 990 993

April-March


44

1

24

57 7391

110

131

1532

00

4-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

est

ic D

em

and

(Lac

No

s)

Truck Bus Radial

95

287334 365

407460

523600

20

04-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

esti

c D

eman

d

(Lac

No

s)


45




811

17 1922

2633

44 53

6067

72

6

25

34 34

42

51

61

7278

8184 86

0

10

20

30

40

50

60

70

80

90

2008-0

9

2009-1

0

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

2016-1

7

2017-1

8

2018-1

9

2019-2

0

Radialisation ()

Domestic OEM

Actual

Expected

Outlook

Outlook

46












47




tyres PCR OTRFarm


Q3Q4 FY 17

Outlook

48


2

1

3

4

5

Brand

Building

Channel

Expansion

Ramp D

Capability

Service as

differentiator

Continuous

Improvement in

Profitability




Institute








and karting


49

Thank You



Network

Strong OEM Presence

Cost Competitive

Ramp D Focus





11









Madhya Pradesh

Rajasthan

Tamil Nadu

Karnataka

Uttarakhand

12

Truck Bus Bias

FarmPCR

OTR

Racing

Truck Bus

Radial

LCV SCV Bias

LCVRadial

Military Defense

Industrialamp

Specialty


23 wheeler

13

Balanced

Product

Portfolio



14





Chennai



15




Development



Account Management







26 JK Tyre Truck


centre



Tyre Solution



Retailing

Over 1100


Owners

16

Planned in 2016-17






outlets

Maruti

Mahindra

x

x

X

IndiaMexico



17

Accolades





of Fame 2015rdquo



towards growth amp

development of Tyre

industry





in Las Vegas





Asiarsquos Most

Admired

Leader

Dr

Raghupati

Singhania

18

Dr Raghupati

Singhania

Industry

Leadership

Award at IACC


Bodies


Only Tyre

Superbrand





Year 2015 by World

Branding Forum

London

19





20

2015SA 8000|2008ISO 270012013

NABL 170252005ISO 14064


2013OHSAS 180012007- CTP





2010 TPM

2003 ISO 9000-2000

TS-16949

2001 EFQM

Commendation

1999 ISO 14001

1994 ISO 9001

amp QS -9000







accredited series


21


capacity


trade blocks



America markets


22

JK Tornel - Mexico


bull Chrysler


Radial (LTR)



Product range




bull Truck Bias


bull Farm Tyres










Capacity

83 Mn Tyres pa

No of Plants

3 plants in Mexico

(Azcapotzalco


Present Market

Share

bull Truck Bias 88

bull LCV Bias 85

bull Passenger Line

Radials 8

bull LTR 6

23


MnPesos

`Crs

Sales 2808 1104

EBITDA 403 151

PBT 214 78

PAT 147 51

Outsourcing (2)




Mexico (3)

India (9)

Own Plants (12)

China

Existing ndash 8

Sri Lanka

Miami

Montevideo

IndonesiaNairobi

Houston

Moscow

Dubai

Thailand

KenyaNigeria

Philippines

Planned ndash 4

24






Laksar (Haridwar)





25




EQUITY

` 50 Crs

DEBT

` 1470 Crs



Co(s) 36

CIL

` 2170 crs



26

Networth(50+650)


Combined Facility

12 Tyre Plants

India -9






Mexico -3

bull Azcapotzalco

bull Tultitlan

bull Hidalgo

Capacity

In Mexico City

27

Lac Nos pa


India

Tornel

Mexico

Total -

India amp

Mexico

1 Truck Bias 2318 1757 4075 638 4713

2 Truck Radial 2265 1199 3464 3464

Total Truck 4583 2956 7539 638 8177


4 23 Wheeler 6302 6302 6302


amp OTR)

2227 748 2975 2485 5460

6 Total 16695 10006 26701 8323 35024

7 Tons per day (TPD) 1143 627 1770 340 2110

TPD to Total 54 30 84 16 100

Particulars







PBIDT 491 537 757 621


PBDT 360 416 545 494

PBT 263 325 296 354

PAT 183 221 200 233



30092016 `crs

28


30092016

29

`crs

Standalone

Particulars



31032016 (Audited)

31032015 (Audited)



PBIDT 229 272 1006 766


PBDT 163 215 777 526

PBT 117 164 590 377

PAT 82 113 401 253



30092016

30

`crs

Consolidated

Particulars

30092016

(Unaudited

30092015

(Unaudited

31032016

(Audited)

31032015

(Audited)



PBIDT 394 317 1158 948


PBDT 283 256 913 690

PBT 148 173 669 486

PAT 100 116 464 330


31

The Product Range



31






market

32




(EBITDA Margin 171)






PBT 590 669

up by 57 up by 38

PAT 401 464

up by 58 up by 41


TBR 1465 800 2265

PCRLTR 8110 1775 9885



153 172

420283

500671

766

1006

0

200

400

600

800

1000

1200

20

03

-04

20

05

-06

20

09

-10

20

11

-12

20

12

-13

20

13

-14

20

14

-15

20

15

-16

EBITDA ndash ` Crs

` Crs


310316 310314 310316 310314








33


bull TBR ndash 20






bull Supply Chain

bull Dealer Portal

bull Selling Online

34


New products

launched

40 2011-12

62 2012-13

65 2013-14

63 2014-15

121 2015-16


38624086

5228

3100

3600

4100

4600

5100

310314 310315 310316



2013-14 60

2014-15 50

2015-16 53

477410

318

262218

168

138 130 106000

100

200

300

400

500

600

31314 310315 310316

Ratios

TOLEquity

Total Debt Equity


843 1091 1417

17672079

2252

2504

27132684

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


Current Liabilities



35


4676 4828

6063

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


430

370295

230193

153

113 107 089000

100

200

300

400

500

31314 31315 310316

Ratios

TOLEquity

Total Debt Equity


1092 1401 1748

19182234

2379

30283269

3217

0

1000

2000

3000

4000

5000

6000

7000

8000

310314 310315 310316


Current Liabilities



36



By Product Line

Truck 67

Light Truck 12

PCR 15


2

Replacement 56

Exports 9

OEMs 35

37



Truck amp Bus Tyres

Passenger Car Tyres

(Nos)

Truck Radial Tyres

Replacement 54

Exports 11

OEMs 35

Replacement 38

Exports 9

OEMs 53

Replacement 40

Exports 8

OEMs52

38

Key Raw materials


Natural Rubber

37

Synthetic Rubber

15


32

Others 16

39


40












149 144133

121133

126118

109

129 133153

164175 201

198 200

00

50

100

150

200

250

0

20

40

60

80

100

120

140

160






60

80

100

120

140

160

180

200

220

240


(`kg)



September 2016






Price Trend

299

054

514656

1205

1768

0

2

4

6

8

10

12

14

16

18

20

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

Increased

intrinsic value

of shares has

enhanced

Investor

Wealth

EPS ( in `)

41

Promoter5234

FII1216

DII007

Others3543


42

CHALLENGES STRATEGY












tyre companies

43

CHALLENGES STRATEGY


Prices







Industry Demand


Particulars 2004-05 2011-12 2012-13 2013-14 2014-15 2015-16 2017-18

(Expected)

2020-21

(Expected)

TruckBus 15 186 222 264 327 435 600 774

Pass Cars 86 985 981 982 984 988 990 993

April-March


44

1

24

57 7391

110

131

1532

00

4-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

est

ic D

em

and

(Lac

No

s)

Truck Bus Radial

95

287334 365

407460

523600

20

04-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

esti

c D

eman

d

(Lac

No

s)


45




811

17 1922

2633

44 53

6067

72

6

25

34 34

42

51

61

7278

8184 86

0

10

20

30

40

50

60

70

80

90

2008-0

9

2009-1

0

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

2016-1

7

2017-1

8

2018-1

9

2019-2

0

Radialisation ()

Domestic OEM

Actual

Expected

Outlook

Outlook

46












47




tyres PCR OTRFarm


Q3Q4 FY 17

Outlook

48


2

1

3

4

5

Brand

Building

Channel

Expansion

Ramp D

Capability

Service as

differentiator

Continuous

Improvement in

Profitability




Institute








and karting


49

Thank You









Madhya Pradesh

Rajasthan

Tamil Nadu

Karnataka

Uttarakhand

12

Truck Bus Bias

FarmPCR

OTR

Racing

Truck Bus

Radial

LCV SCV Bias

LCVRadial

Military Defense

Industrialamp

Specialty


23 wheeler

13

Balanced

Product

Portfolio



14





Chennai



15




Development



Account Management







26 JK Tyre Truck


centre



Tyre Solution



Retailing

Over 1100


Owners

16

Planned in 2016-17






outlets

Maruti

Mahindra

x

x

X

IndiaMexico



17

Accolades





of Fame 2015rdquo



towards growth amp

development of Tyre

industry





in Las Vegas





Asiarsquos Most

Admired

Leader

Dr

Raghupati

Singhania

18

Dr Raghupati

Singhania

Industry

Leadership

Award at IACC


Bodies


Only Tyre

Superbrand





Year 2015 by World

Branding Forum

London

19





20

2015SA 8000|2008ISO 270012013

NABL 170252005ISO 14064


2013OHSAS 180012007- CTP





2010 TPM

2003 ISO 9000-2000

TS-16949

2001 EFQM

Commendation

1999 ISO 14001

1994 ISO 9001

amp QS -9000







accredited series


21


capacity


trade blocks



America markets


22

JK Tornel - Mexico


bull Chrysler


Radial (LTR)



Product range




bull Truck Bias


bull Farm Tyres










Capacity

83 Mn Tyres pa

No of Plants

3 plants in Mexico

(Azcapotzalco


Present Market

Share

bull Truck Bias 88

bull LCV Bias 85

bull Passenger Line

Radials 8

bull LTR 6

23


MnPesos

`Crs

Sales 2808 1104

EBITDA 403 151

PBT 214 78

PAT 147 51

Outsourcing (2)




Mexico (3)

India (9)

Own Plants (12)

China

Existing ndash 8

Sri Lanka

Miami

Montevideo

IndonesiaNairobi

Houston

Moscow

Dubai

Thailand

KenyaNigeria

Philippines

Planned ndash 4

24






Laksar (Haridwar)





25




EQUITY

` 50 Crs

DEBT

` 1470 Crs



Co(s) 36

CIL

` 2170 crs



26

Networth(50+650)


Combined Facility

12 Tyre Plants

India -9






Mexico -3

bull Azcapotzalco

bull Tultitlan

bull Hidalgo

Capacity

In Mexico City

27

Lac Nos pa


India

Tornel

Mexico

Total -

India amp

Mexico

1 Truck Bias 2318 1757 4075 638 4713

2 Truck Radial 2265 1199 3464 3464

Total Truck 4583 2956 7539 638 8177


4 23 Wheeler 6302 6302 6302


amp OTR)

2227 748 2975 2485 5460

6 Total 16695 10006 26701 8323 35024

7 Tons per day (TPD) 1143 627 1770 340 2110

TPD to Total 54 30 84 16 100

Particulars







PBIDT 491 537 757 621


PBDT 360 416 545 494

PBT 263 325 296 354

PAT 183 221 200 233



30092016 `crs

28


30092016

29

`crs

Standalone

Particulars



31032016 (Audited)

31032015 (Audited)



PBIDT 229 272 1006 766


PBDT 163 215 777 526

PBT 117 164 590 377

PAT 82 113 401 253



30092016

30

`crs

Consolidated

Particulars

30092016

(Unaudited

30092015

(Unaudited

31032016

(Audited)

31032015

(Audited)



PBIDT 394 317 1158 948


PBDT 283 256 913 690

PBT 148 173 669 486

PAT 100 116 464 330


31

The Product Range



31






market

32




(EBITDA Margin 171)






PBT 590 669

up by 57 up by 38

PAT 401 464

up by 58 up by 41


TBR 1465 800 2265

PCRLTR 8110 1775 9885



153 172

420283

500671

766

1006

0

200

400

600

800

1000

1200

20

03

-04

20

05

-06

20

09

-10

20

11

-12

20

12

-13

20

13

-14

20

14

-15

20

15

-16

EBITDA ndash ` Crs

` Crs


310316 310314 310316 310314








33


bull TBR ndash 20






bull Supply Chain

bull Dealer Portal

bull Selling Online

34


New products

launched

40 2011-12

62 2012-13

65 2013-14

63 2014-15

121 2015-16


38624086

5228

3100

3600

4100

4600

5100

310314 310315 310316



2013-14 60

2014-15 50

2015-16 53

477410

318

262218

168

138 130 106000

100

200

300

400

500

600

31314 310315 310316

Ratios

TOLEquity

Total Debt Equity


843 1091 1417

17672079

2252

2504

27132684

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


Current Liabilities



35


4676 4828

6063

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


430

370295

230193

153

113 107 089000

100

200

300

400

500

31314 31315 310316

Ratios

TOLEquity

Total Debt Equity


1092 1401 1748

19182234

2379

30283269

3217

0

1000

2000

3000

4000

5000

6000

7000

8000

310314 310315 310316


Current Liabilities



36



By Product Line

Truck 67

Light Truck 12

PCR 15


2

Replacement 56

Exports 9

OEMs 35

37



Truck amp Bus Tyres

Passenger Car Tyres

(Nos)

Truck Radial Tyres

Replacement 54

Exports 11

OEMs 35

Replacement 38

Exports 9

OEMs 53

Replacement 40

Exports 8

OEMs52

38

Key Raw materials


Natural Rubber

37

Synthetic Rubber

15


32

Others 16

39


40












149 144133

121133

126118

109

129 133153

164175 201

198 200

00

50

100

150

200

250

0

20

40

60

80

100

120

140

160






60

80

100

120

140

160

180

200

220

240


(`kg)



September 2016






Price Trend

299

054

514656

1205

1768

0

2

4

6

8

10

12

14

16

18

20

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

Increased

intrinsic value

of shares has

enhanced

Investor

Wealth

EPS ( in `)

41

Promoter5234

FII1216

DII007

Others3543


42

CHALLENGES STRATEGY












tyre companies

43

CHALLENGES STRATEGY


Prices







Industry Demand


Particulars 2004-05 2011-12 2012-13 2013-14 2014-15 2015-16 2017-18

(Expected)

2020-21

(Expected)

TruckBus 15 186 222 264 327 435 600 774

Pass Cars 86 985 981 982 984 988 990 993

April-March


44

1

24

57 7391

110

131

1532

00

4-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

est

ic D

em

and

(Lac

No

s)

Truck Bus Radial

95

287334 365

407460

523600

20

04-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

esti

c D

eman

d

(Lac

No

s)


45




811

17 1922

2633

44 53

6067

72

6

25

34 34

42

51

61

7278

8184 86

0

10

20

30

40

50

60

70

80

90

2008-0

9

2009-1

0

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

2016-1

7

2017-1

8

2018-1

9

2019-2

0

Radialisation ()

Domestic OEM

Actual

Expected

Outlook

Outlook

46












47




tyres PCR OTRFarm


Q3Q4 FY 17

Outlook

48


2

1

3

4

5

Brand

Building

Channel

Expansion

Ramp D

Capability

Service as

differentiator

Continuous

Improvement in

Profitability




Institute








and karting


49

Thank You

Truck Bus Bias

FarmPCR

OTR

Racing

Truck Bus

Radial

LCV SCV Bias

LCVRadial

Military Defense

Industrialamp

Specialty


23 wheeler

13

Balanced

Product

Portfolio



14





Chennai



15




Development



Account Management







26 JK Tyre Truck


centre



Tyre Solution



Retailing

Over 1100


Owners

16

Planned in 2016-17






outlets

Maruti

Mahindra

x

x

X

IndiaMexico



17

Accolades





of Fame 2015rdquo



towards growth amp

development of Tyre

industry





in Las Vegas





Asiarsquos Most

Admired

Leader

Dr

Raghupati

Singhania

18

Dr Raghupati

Singhania

Industry

Leadership

Award at IACC


Bodies


Only Tyre

Superbrand





Year 2015 by World

Branding Forum

London

19





20

2015SA 8000|2008ISO 270012013

NABL 170252005ISO 14064


2013OHSAS 180012007- CTP





2010 TPM

2003 ISO 9000-2000

TS-16949

2001 EFQM

Commendation

1999 ISO 14001

1994 ISO 9001

amp QS -9000







accredited series


21


capacity


trade blocks



America markets


22

JK Tornel - Mexico


bull Chrysler


Radial (LTR)



Product range




bull Truck Bias


bull Farm Tyres










Capacity

83 Mn Tyres pa

No of Plants

3 plants in Mexico

(Azcapotzalco


Present Market

Share

bull Truck Bias 88

bull LCV Bias 85

bull Passenger Line

Radials 8

bull LTR 6

23


MnPesos

`Crs

Sales 2808 1104

EBITDA 403 151

PBT 214 78

PAT 147 51

Outsourcing (2)




Mexico (3)

India (9)

Own Plants (12)

China

Existing ndash 8

Sri Lanka

Miami

Montevideo

IndonesiaNairobi

Houston

Moscow

Dubai

Thailand

KenyaNigeria

Philippines

Planned ndash 4

24






Laksar (Haridwar)





25




EQUITY

` 50 Crs

DEBT

` 1470 Crs



Co(s) 36

CIL

` 2170 crs



26

Networth(50+650)


Combined Facility

12 Tyre Plants

India -9






Mexico -3

bull Azcapotzalco

bull Tultitlan

bull Hidalgo

Capacity

In Mexico City

27

Lac Nos pa


India

Tornel

Mexico

Total -

India amp

Mexico

1 Truck Bias 2318 1757 4075 638 4713

2 Truck Radial 2265 1199 3464 3464

Total Truck 4583 2956 7539 638 8177


4 23 Wheeler 6302 6302 6302


amp OTR)

2227 748 2975 2485 5460

6 Total 16695 10006 26701 8323 35024

7 Tons per day (TPD) 1143 627 1770 340 2110

TPD to Total 54 30 84 16 100

Particulars







PBIDT 491 537 757 621


PBDT 360 416 545 494

PBT 263 325 296 354

PAT 183 221 200 233



30092016 `crs

28


30092016

29

`crs

Standalone

Particulars



31032016 (Audited)

31032015 (Audited)



PBIDT 229 272 1006 766


PBDT 163 215 777 526

PBT 117 164 590 377

PAT 82 113 401 253



30092016

30

`crs

Consolidated

Particulars

30092016

(Unaudited

30092015

(Unaudited

31032016

(Audited)

31032015

(Audited)



PBIDT 394 317 1158 948


PBDT 283 256 913 690

PBT 148 173 669 486

PAT 100 116 464 330


31

The Product Range



31






market

32




(EBITDA Margin 171)






PBT 590 669

up by 57 up by 38

PAT 401 464

up by 58 up by 41


TBR 1465 800 2265

PCRLTR 8110 1775 9885



153 172

420283

500671

766

1006

0

200

400

600

800

1000

1200

20

03

-04

20

05

-06

20

09

-10

20

11

-12

20

12

-13

20

13

-14

20

14

-15

20

15

-16

EBITDA ndash ` Crs

` Crs


310316 310314 310316 310314








33


bull TBR ndash 20






bull Supply Chain

bull Dealer Portal

bull Selling Online

34


New products

launched

40 2011-12

62 2012-13

65 2013-14

63 2014-15

121 2015-16


38624086

5228

3100

3600

4100

4600

5100

310314 310315 310316



2013-14 60

2014-15 50

2015-16 53

477410

318

262218

168

138 130 106000

100

200

300

400

500

600

31314 310315 310316

Ratios

TOLEquity

Total Debt Equity


843 1091 1417

17672079

2252

2504

27132684

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


Current Liabilities



35


4676 4828

6063

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


430

370295

230193

153

113 107 089000

100

200

300

400

500

31314 31315 310316

Ratios

TOLEquity

Total Debt Equity


1092 1401 1748

19182234

2379

30283269

3217

0

1000

2000

3000

4000

5000

6000

7000

8000

310314 310315 310316


Current Liabilities



36



By Product Line

Truck 67

Light Truck 12

PCR 15


2

Replacement 56

Exports 9

OEMs 35

37



Truck amp Bus Tyres

Passenger Car Tyres

(Nos)

Truck Radial Tyres

Replacement 54

Exports 11

OEMs 35

Replacement 38

Exports 9

OEMs 53

Replacement 40

Exports 8

OEMs52

38

Key Raw materials


Natural Rubber

37

Synthetic Rubber

15


32

Others 16

39


40












149 144133

121133

126118

109

129 133153

164175 201

198 200

00

50

100

150

200

250

0

20

40

60

80

100

120

140

160






60

80

100

120

140

160

180

200

220

240


(`kg)



September 2016






Price Trend

299

054

514656

1205

1768

0

2

4

6

8

10

12

14

16

18

20

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

Increased

intrinsic value

of shares has

enhanced

Investor

Wealth

EPS ( in `)

41

Promoter5234

FII1216

DII007

Others3543


42

CHALLENGES STRATEGY












tyre companies

43

CHALLENGES STRATEGY


Prices







Industry Demand


Particulars 2004-05 2011-12 2012-13 2013-14 2014-15 2015-16 2017-18

(Expected)

2020-21

(Expected)

TruckBus 15 186 222 264 327 435 600 774

Pass Cars 86 985 981 982 984 988 990 993

April-March


44

1

24

57 7391

110

131

1532

00

4-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

est

ic D

em

and

(Lac

No

s)

Truck Bus Radial

95

287334 365

407460

523600

20

04-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

esti

c D

eman

d

(Lac

No

s)


45




811

17 1922

2633

44 53

6067

72

6

25

34 34

42

51

61

7278

8184 86

0

10

20

30

40

50

60

70

80

90

2008-0

9

2009-1

0

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

2016-1

7

2017-1

8

2018-1

9

2019-2

0

Radialisation ()

Domestic OEM

Actual

Expected

Outlook

Outlook

46












47




tyres PCR OTRFarm


Q3Q4 FY 17

Outlook

48


2

1

3

4

5

Brand

Building

Channel

Expansion

Ramp D

Capability

Service as

differentiator

Continuous

Improvement in

Profitability




Institute








and karting


49

Thank You



14





Chennai



15




Development



Account Management







26 JK Tyre Truck


centre



Tyre Solution



Retailing

Over 1100


Owners

16

Planned in 2016-17






outlets

Maruti

Mahindra

x

x

X

IndiaMexico



17

Accolades





of Fame 2015rdquo



towards growth amp

development of Tyre

industry





in Las Vegas





Asiarsquos Most

Admired

Leader

Dr

Raghupati

Singhania

18

Dr Raghupati

Singhania

Industry

Leadership

Award at IACC


Bodies


Only Tyre

Superbrand





Year 2015 by World

Branding Forum

London

19





20

2015SA 8000|2008ISO 270012013

NABL 170252005ISO 14064


2013OHSAS 180012007- CTP





2010 TPM

2003 ISO 9000-2000

TS-16949

2001 EFQM

Commendation

1999 ISO 14001

1994 ISO 9001

amp QS -9000







accredited series


21


capacity


trade blocks



America markets


22

JK Tornel - Mexico


bull Chrysler


Radial (LTR)



Product range




bull Truck Bias


bull Farm Tyres










Capacity

83 Mn Tyres pa

No of Plants

3 plants in Mexico

(Azcapotzalco


Present Market

Share

bull Truck Bias 88

bull LCV Bias 85

bull Passenger Line

Radials 8

bull LTR 6

23


MnPesos

`Crs

Sales 2808 1104

EBITDA 403 151

PBT 214 78

PAT 147 51

Outsourcing (2)




Mexico (3)

India (9)

Own Plants (12)

China

Existing ndash 8

Sri Lanka

Miami

Montevideo

IndonesiaNairobi

Houston

Moscow

Dubai

Thailand

KenyaNigeria

Philippines

Planned ndash 4

24






Laksar (Haridwar)





25




EQUITY

` 50 Crs

DEBT

` 1470 Crs



Co(s) 36

CIL

` 2170 crs



26

Networth(50+650)


Combined Facility

12 Tyre Plants

India -9






Mexico -3

bull Azcapotzalco

bull Tultitlan

bull Hidalgo

Capacity

In Mexico City

27

Lac Nos pa


India

Tornel

Mexico

Total -

India amp

Mexico

1 Truck Bias 2318 1757 4075 638 4713

2 Truck Radial 2265 1199 3464 3464

Total Truck 4583 2956 7539 638 8177


4 23 Wheeler 6302 6302 6302


amp OTR)

2227 748 2975 2485 5460

6 Total 16695 10006 26701 8323 35024

7 Tons per day (TPD) 1143 627 1770 340 2110

TPD to Total 54 30 84 16 100

Particulars







PBIDT 491 537 757 621


PBDT 360 416 545 494

PBT 263 325 296 354

PAT 183 221 200 233



30092016 `crs

28


30092016

29

`crs

Standalone

Particulars



31032016 (Audited)

31032015 (Audited)



PBIDT 229 272 1006 766


PBDT 163 215 777 526

PBT 117 164 590 377

PAT 82 113 401 253



30092016

30

`crs

Consolidated

Particulars

30092016

(Unaudited

30092015

(Unaudited

31032016

(Audited)

31032015

(Audited)



PBIDT 394 317 1158 948


PBDT 283 256 913 690

PBT 148 173 669 486

PAT 100 116 464 330


31

The Product Range



31






market

32




(EBITDA Margin 171)






PBT 590 669

up by 57 up by 38

PAT 401 464

up by 58 up by 41


TBR 1465 800 2265

PCRLTR 8110 1775 9885



153 172

420283

500671

766

1006

0

200

400

600

800

1000

1200

20

03

-04

20

05

-06

20

09

-10

20

11

-12

20

12

-13

20

13

-14

20

14

-15

20

15

-16

EBITDA ndash ` Crs

` Crs


310316 310314 310316 310314








33


bull TBR ndash 20






bull Supply Chain

bull Dealer Portal

bull Selling Online

34


New products

launched

40 2011-12

62 2012-13

65 2013-14

63 2014-15

121 2015-16


38624086

5228

3100

3600

4100

4600

5100

310314 310315 310316



2013-14 60

2014-15 50

2015-16 53

477410

318

262218

168

138 130 106000

100

200

300

400

500

600

31314 310315 310316

Ratios

TOLEquity

Total Debt Equity


843 1091 1417

17672079

2252

2504

27132684

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


Current Liabilities



35


4676 4828

6063

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


430

370295

230193

153

113 107 089000

100

200

300

400

500

31314 31315 310316

Ratios

TOLEquity

Total Debt Equity


1092 1401 1748

19182234

2379

30283269

3217

0

1000

2000

3000

4000

5000

6000

7000

8000

310314 310315 310316


Current Liabilities



36



By Product Line

Truck 67

Light Truck 12

PCR 15


2

Replacement 56

Exports 9

OEMs 35

37



Truck amp Bus Tyres

Passenger Car Tyres

(Nos)

Truck Radial Tyres

Replacement 54

Exports 11

OEMs 35

Replacement 38

Exports 9

OEMs 53

Replacement 40

Exports 8

OEMs52

38

Key Raw materials


Natural Rubber

37

Synthetic Rubber

15


32

Others 16

39


40












149 144133

121133

126118

109

129 133153

164175 201

198 200

00

50

100

150

200

250

0

20

40

60

80

100

120

140

160






60

80

100

120

140

160

180

200

220

240


(`kg)



September 2016






Price Trend

299

054

514656

1205

1768

0

2

4

6

8

10

12

14

16

18

20

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

Increased

intrinsic value

of shares has

enhanced

Investor

Wealth

EPS ( in `)

41

Promoter5234

FII1216

DII007

Others3543


42

CHALLENGES STRATEGY












tyre companies

43

CHALLENGES STRATEGY


Prices







Industry Demand


Particulars 2004-05 2011-12 2012-13 2013-14 2014-15 2015-16 2017-18

(Expected)

2020-21

(Expected)

TruckBus 15 186 222 264 327 435 600 774

Pass Cars 86 985 981 982 984 988 990 993

April-March


44

1

24

57 7391

110

131

1532

00

4-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

est

ic D

em

and

(Lac

No

s)

Truck Bus Radial

95

287334 365

407460

523600

20

04-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

esti

c D

eman

d

(Lac

No

s)


45




811

17 1922

2633

44 53

6067

72

6

25

34 34

42

51

61

7278

8184 86

0

10

20

30

40

50

60

70

80

90

2008-0

9

2009-1

0

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

2016-1

7

2017-1

8

2018-1

9

2019-2

0

Radialisation ()

Domestic OEM

Actual

Expected

Outlook

Outlook

46












47




tyres PCR OTRFarm


Q3Q4 FY 17

Outlook

48


2

1

3

4

5

Brand

Building

Channel

Expansion

Ramp D

Capability

Service as

differentiator

Continuous

Improvement in

Profitability




Institute








and karting


49

Thank You





Chennai



15




Development



Account Management







26 JK Tyre Truck


centre



Tyre Solution



Retailing

Over 1100


Owners

16

Planned in 2016-17






outlets

Maruti

Mahindra

x

x

X

IndiaMexico



17

Accolades





of Fame 2015rdquo



towards growth amp

development of Tyre

industry





in Las Vegas





Asiarsquos Most

Admired

Leader

Dr

Raghupati

Singhania

18

Dr Raghupati

Singhania

Industry

Leadership

Award at IACC


Bodies


Only Tyre

Superbrand





Year 2015 by World

Branding Forum

London

19





20

2015SA 8000|2008ISO 270012013

NABL 170252005ISO 14064


2013OHSAS 180012007- CTP





2010 TPM

2003 ISO 9000-2000

TS-16949

2001 EFQM

Commendation

1999 ISO 14001

1994 ISO 9001

amp QS -9000







accredited series


21


capacity


trade blocks



America markets


22

JK Tornel - Mexico


bull Chrysler


Radial (LTR)



Product range




bull Truck Bias


bull Farm Tyres










Capacity

83 Mn Tyres pa

No of Plants

3 plants in Mexico

(Azcapotzalco


Present Market

Share

bull Truck Bias 88

bull LCV Bias 85

bull Passenger Line

Radials 8

bull LTR 6

23


MnPesos

`Crs

Sales 2808 1104

EBITDA 403 151

PBT 214 78

PAT 147 51

Outsourcing (2)




Mexico (3)

India (9)

Own Plants (12)

China

Existing ndash 8

Sri Lanka

Miami

Montevideo

IndonesiaNairobi

Houston

Moscow

Dubai

Thailand

KenyaNigeria

Philippines

Planned ndash 4

24






Laksar (Haridwar)





25




EQUITY

` 50 Crs

DEBT

` 1470 Crs



Co(s) 36

CIL

` 2170 crs



26

Networth(50+650)


Combined Facility

12 Tyre Plants

India -9






Mexico -3

bull Azcapotzalco

bull Tultitlan

bull Hidalgo

Capacity

In Mexico City

27

Lac Nos pa


India

Tornel

Mexico

Total -

India amp

Mexico

1 Truck Bias 2318 1757 4075 638 4713

2 Truck Radial 2265 1199 3464 3464

Total Truck 4583 2956 7539 638 8177


4 23 Wheeler 6302 6302 6302


amp OTR)

2227 748 2975 2485 5460

6 Total 16695 10006 26701 8323 35024

7 Tons per day (TPD) 1143 627 1770 340 2110

TPD to Total 54 30 84 16 100

Particulars







PBIDT 491 537 757 621


PBDT 360 416 545 494

PBT 263 325 296 354

PAT 183 221 200 233



30092016 `crs

28


30092016

29

`crs

Standalone

Particulars



31032016 (Audited)

31032015 (Audited)



PBIDT 229 272 1006 766


PBDT 163 215 777 526

PBT 117 164 590 377

PAT 82 113 401 253



30092016

30

`crs

Consolidated

Particulars

30092016

(Unaudited

30092015

(Unaudited

31032016

(Audited)

31032015

(Audited)



PBIDT 394 317 1158 948


PBDT 283 256 913 690

PBT 148 173 669 486

PAT 100 116 464 330


31

The Product Range



31






market

32




(EBITDA Margin 171)






PBT 590 669

up by 57 up by 38

PAT 401 464

up by 58 up by 41


TBR 1465 800 2265

PCRLTR 8110 1775 9885



153 172

420283

500671

766

1006

0

200

400

600

800

1000

1200

20

03

-04

20

05

-06

20

09

-10

20

11

-12

20

12

-13

20

13

-14

20

14

-15

20

15

-16

EBITDA ndash ` Crs

` Crs


310316 310314 310316 310314








33


bull TBR ndash 20






bull Supply Chain

bull Dealer Portal

bull Selling Online

34


New products

launched

40 2011-12

62 2012-13

65 2013-14

63 2014-15

121 2015-16


38624086

5228

3100

3600

4100

4600

5100

310314 310315 310316



2013-14 60

2014-15 50

2015-16 53

477410

318

262218

168

138 130 106000

100

200

300

400

500

600

31314 310315 310316

Ratios

TOLEquity

Total Debt Equity


843 1091 1417

17672079

2252

2504

27132684

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


Current Liabilities



35


4676 4828

6063

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


430

370295

230193

153

113 107 089000

100

200

300

400

500

31314 31315 310316

Ratios

TOLEquity

Total Debt Equity


1092 1401 1748

19182234

2379

30283269

3217

0

1000

2000

3000

4000

5000

6000

7000

8000

310314 310315 310316


Current Liabilities



36



By Product Line

Truck 67

Light Truck 12

PCR 15


2

Replacement 56

Exports 9

OEMs 35

37



Truck amp Bus Tyres

Passenger Car Tyres

(Nos)

Truck Radial Tyres

Replacement 54

Exports 11

OEMs 35

Replacement 38

Exports 9

OEMs 53

Replacement 40

Exports 8

OEMs52

38

Key Raw materials


Natural Rubber

37

Synthetic Rubber

15


32

Others 16

39


40












149 144133

121133

126118

109

129 133153

164175 201

198 200

00

50

100

150

200

250

0

20

40

60

80

100

120

140

160






60

80

100

120

140

160

180

200

220

240


(`kg)



September 2016






Price Trend

299

054

514656

1205

1768

0

2

4

6

8

10

12

14

16

18

20

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

Increased

intrinsic value

of shares has

enhanced

Investor

Wealth

EPS ( in `)

41

Promoter5234

FII1216

DII007

Others3543


42

CHALLENGES STRATEGY












tyre companies

43

CHALLENGES STRATEGY


Prices







Industry Demand


Particulars 2004-05 2011-12 2012-13 2013-14 2014-15 2015-16 2017-18

(Expected)

2020-21

(Expected)

TruckBus 15 186 222 264 327 435 600 774

Pass Cars 86 985 981 982 984 988 990 993

April-March


44

1

24

57 7391

110

131

1532

00

4-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

est

ic D

em

and

(Lac

No

s)

Truck Bus Radial

95

287334 365

407460

523600

20

04-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

esti

c D

eman

d

(Lac

No

s)


45




811

17 1922

2633

44 53

6067

72

6

25

34 34

42

51

61

7278

8184 86

0

10

20

30

40

50

60

70

80

90

2008-0

9

2009-1

0

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

2016-1

7

2017-1

8

2018-1

9

2019-2

0

Radialisation ()

Domestic OEM

Actual

Expected

Outlook

Outlook

46












47




tyres PCR OTRFarm


Q3Q4 FY 17

Outlook

48


2

1

3

4

5

Brand

Building

Channel

Expansion

Ramp D

Capability

Service as

differentiator

Continuous

Improvement in

Profitability




Institute








and karting


49

Thank You





26 JK Tyre Truck


centre



Tyre Solution



Retailing

Over 1100


Owners

16

Planned in 2016-17






outlets

Maruti

Mahindra

x

x

X

IndiaMexico



17

Accolades





of Fame 2015rdquo



towards growth amp

development of Tyre

industry





in Las Vegas





Asiarsquos Most

Admired

Leader

Dr

Raghupati

Singhania

18

Dr Raghupati

Singhania

Industry

Leadership

Award at IACC


Bodies


Only Tyre

Superbrand





Year 2015 by World

Branding Forum

London

19





20

2015SA 8000|2008ISO 270012013

NABL 170252005ISO 14064


2013OHSAS 180012007- CTP





2010 TPM

2003 ISO 9000-2000

TS-16949

2001 EFQM

Commendation

1999 ISO 14001

1994 ISO 9001

amp QS -9000







accredited series


21


capacity


trade blocks



America markets


22

JK Tornel - Mexico


bull Chrysler


Radial (LTR)



Product range




bull Truck Bias


bull Farm Tyres










Capacity

83 Mn Tyres pa

No of Plants

3 plants in Mexico

(Azcapotzalco


Present Market

Share

bull Truck Bias 88

bull LCV Bias 85

bull Passenger Line

Radials 8

bull LTR 6

23


MnPesos

`Crs

Sales 2808 1104

EBITDA 403 151

PBT 214 78

PAT 147 51

Outsourcing (2)




Mexico (3)

India (9)

Own Plants (12)

China

Existing ndash 8

Sri Lanka

Miami

Montevideo

IndonesiaNairobi

Houston

Moscow

Dubai

Thailand

KenyaNigeria

Philippines

Planned ndash 4

24






Laksar (Haridwar)





25




EQUITY

` 50 Crs

DEBT

` 1470 Crs



Co(s) 36

CIL

` 2170 crs



26

Networth(50+650)


Combined Facility

12 Tyre Plants

India -9






Mexico -3

bull Azcapotzalco

bull Tultitlan

bull Hidalgo

Capacity

In Mexico City

27

Lac Nos pa


India

Tornel

Mexico

Total -

India amp

Mexico

1 Truck Bias 2318 1757 4075 638 4713

2 Truck Radial 2265 1199 3464 3464

Total Truck 4583 2956 7539 638 8177


4 23 Wheeler 6302 6302 6302


amp OTR)

2227 748 2975 2485 5460

6 Total 16695 10006 26701 8323 35024

7 Tons per day (TPD) 1143 627 1770 340 2110

TPD to Total 54 30 84 16 100

Particulars







PBIDT 491 537 757 621


PBDT 360 416 545 494

PBT 263 325 296 354

PAT 183 221 200 233



30092016 `crs

28


30092016

29

`crs

Standalone

Particulars



31032016 (Audited)

31032015 (Audited)



PBIDT 229 272 1006 766


PBDT 163 215 777 526

PBT 117 164 590 377

PAT 82 113 401 253



30092016

30

`crs

Consolidated

Particulars

30092016

(Unaudited

30092015

(Unaudited

31032016

(Audited)

31032015

(Audited)



PBIDT 394 317 1158 948


PBDT 283 256 913 690

PBT 148 173 669 486

PAT 100 116 464 330


31

The Product Range



31






market

32




(EBITDA Margin 171)






PBT 590 669

up by 57 up by 38

PAT 401 464

up by 58 up by 41


TBR 1465 800 2265

PCRLTR 8110 1775 9885



153 172

420283

500671

766

1006

0

200

400

600

800

1000

1200

20

03

-04

20

05

-06

20

09

-10

20

11

-12

20

12

-13

20

13

-14

20

14

-15

20

15

-16

EBITDA ndash ` Crs

` Crs


310316 310314 310316 310314








33


bull TBR ndash 20






bull Supply Chain

bull Dealer Portal

bull Selling Online

34


New products

launched

40 2011-12

62 2012-13

65 2013-14

63 2014-15

121 2015-16


38624086

5228

3100

3600

4100

4600

5100

310314 310315 310316



2013-14 60

2014-15 50

2015-16 53

477410

318

262218

168

138 130 106000

100

200

300

400

500

600

31314 310315 310316

Ratios

TOLEquity

Total Debt Equity


843 1091 1417

17672079

2252

2504

27132684

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


Current Liabilities



35


4676 4828

6063

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


430

370295

230193

153

113 107 089000

100

200

300

400

500

31314 31315 310316

Ratios

TOLEquity

Total Debt Equity


1092 1401 1748

19182234

2379

30283269

3217

0

1000

2000

3000

4000

5000

6000

7000

8000

310314 310315 310316


Current Liabilities



36



By Product Line

Truck 67

Light Truck 12

PCR 15


2

Replacement 56

Exports 9

OEMs 35

37



Truck amp Bus Tyres

Passenger Car Tyres

(Nos)

Truck Radial Tyres

Replacement 54

Exports 11

OEMs 35

Replacement 38

Exports 9

OEMs 53

Replacement 40

Exports 8

OEMs52

38

Key Raw materials


Natural Rubber

37

Synthetic Rubber

15


32

Others 16

39


40












149 144133

121133

126118

109

129 133153

164175 201

198 200

00

50

100

150

200

250

0

20

40

60

80

100

120

140

160






60

80

100

120

140

160

180

200

220

240


(`kg)



September 2016






Price Trend

299

054

514656

1205

1768

0

2

4

6

8

10

12

14

16

18

20

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

Increased

intrinsic value

of shares has

enhanced

Investor

Wealth

EPS ( in `)

41

Promoter5234

FII1216

DII007

Others3543


42

CHALLENGES STRATEGY












tyre companies

43

CHALLENGES STRATEGY


Prices







Industry Demand


Particulars 2004-05 2011-12 2012-13 2013-14 2014-15 2015-16 2017-18

(Expected)

2020-21

(Expected)

TruckBus 15 186 222 264 327 435 600 774

Pass Cars 86 985 981 982 984 988 990 993

April-March


44

1

24

57 7391

110

131

1532

00

4-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

est

ic D

em

and

(Lac

No

s)

Truck Bus Radial

95

287334 365

407460

523600

20

04-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

esti

c D

eman

d

(Lac

No

s)


45




811

17 1922

2633

44 53

6067

72

6

25

34 34

42

51

61

7278

8184 86

0

10

20

30

40

50

60

70

80

90

2008-0

9

2009-1

0

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

2016-1

7

2017-1

8

2018-1

9

2019-2

0

Radialisation ()

Domestic OEM

Actual

Expected

Outlook

Outlook

46












47




tyres PCR OTRFarm


Q3Q4 FY 17

Outlook

48


2

1

3

4

5

Brand

Building

Channel

Expansion

Ramp D

Capability

Service as

differentiator

Continuous

Improvement in

Profitability




Institute








and karting


49

Thank You

Maruti

Mahindra

x

x

X

IndiaMexico



17

Accolades





of Fame 2015rdquo



towards growth amp

development of Tyre

industry





in Las Vegas





Asiarsquos Most

Admired

Leader

Dr

Raghupati

Singhania

18

Dr Raghupati

Singhania

Industry

Leadership

Award at IACC


Bodies


Only Tyre

Superbrand





Year 2015 by World

Branding Forum

London

19





20

2015SA 8000|2008ISO 270012013

NABL 170252005ISO 14064


2013OHSAS 180012007- CTP





2010 TPM

2003 ISO 9000-2000

TS-16949

2001 EFQM

Commendation

1999 ISO 14001

1994 ISO 9001

amp QS -9000







accredited series


21


capacity


trade blocks



America markets


22

JK Tornel - Mexico


bull Chrysler


Radial (LTR)



Product range




bull Truck Bias


bull Farm Tyres










Capacity

83 Mn Tyres pa

No of Plants

3 plants in Mexico

(Azcapotzalco


Present Market

Share

bull Truck Bias 88

bull LCV Bias 85

bull Passenger Line

Radials 8

bull LTR 6

23


MnPesos

`Crs

Sales 2808 1104

EBITDA 403 151

PBT 214 78

PAT 147 51

Outsourcing (2)




Mexico (3)

India (9)

Own Plants (12)

China

Existing ndash 8

Sri Lanka

Miami

Montevideo

IndonesiaNairobi

Houston

Moscow

Dubai

Thailand

KenyaNigeria

Philippines

Planned ndash 4

24






Laksar (Haridwar)





25




EQUITY

` 50 Crs

DEBT

` 1470 Crs



Co(s) 36

CIL

` 2170 crs



26

Networth(50+650)


Combined Facility

12 Tyre Plants

India -9






Mexico -3

bull Azcapotzalco

bull Tultitlan

bull Hidalgo

Capacity

In Mexico City

27

Lac Nos pa


India

Tornel

Mexico

Total -

India amp

Mexico

1 Truck Bias 2318 1757 4075 638 4713

2 Truck Radial 2265 1199 3464 3464

Total Truck 4583 2956 7539 638 8177


4 23 Wheeler 6302 6302 6302


amp OTR)

2227 748 2975 2485 5460

6 Total 16695 10006 26701 8323 35024

7 Tons per day (TPD) 1143 627 1770 340 2110

TPD to Total 54 30 84 16 100

Particulars







PBIDT 491 537 757 621


PBDT 360 416 545 494

PBT 263 325 296 354

PAT 183 221 200 233



30092016 `crs

28


30092016

29

`crs

Standalone

Particulars



31032016 (Audited)

31032015 (Audited)



PBIDT 229 272 1006 766


PBDT 163 215 777 526

PBT 117 164 590 377

PAT 82 113 401 253



30092016

30

`crs

Consolidated

Particulars

30092016

(Unaudited

30092015

(Unaudited

31032016

(Audited)

31032015

(Audited)



PBIDT 394 317 1158 948


PBDT 283 256 913 690

PBT 148 173 669 486

PAT 100 116 464 330


31

The Product Range



31






market

32




(EBITDA Margin 171)






PBT 590 669

up by 57 up by 38

PAT 401 464

up by 58 up by 41


TBR 1465 800 2265

PCRLTR 8110 1775 9885



153 172

420283

500671

766

1006

0

200

400

600

800

1000

1200

20

03

-04

20

05

-06

20

09

-10

20

11

-12

20

12

-13

20

13

-14

20

14

-15

20

15

-16

EBITDA ndash ` Crs

` Crs


310316 310314 310316 310314








33


bull TBR ndash 20






bull Supply Chain

bull Dealer Portal

bull Selling Online

34


New products

launched

40 2011-12

62 2012-13

65 2013-14

63 2014-15

121 2015-16


38624086

5228

3100

3600

4100

4600

5100

310314 310315 310316



2013-14 60

2014-15 50

2015-16 53

477410

318

262218

168

138 130 106000

100

200

300

400

500

600

31314 310315 310316

Ratios

TOLEquity

Total Debt Equity


843 1091 1417

17672079

2252

2504

27132684

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


Current Liabilities



35


4676 4828

6063

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


430

370295

230193

153

113 107 089000

100

200

300

400

500

31314 31315 310316

Ratios

TOLEquity

Total Debt Equity


1092 1401 1748

19182234

2379

30283269

3217

0

1000

2000

3000

4000

5000

6000

7000

8000

310314 310315 310316


Current Liabilities



36



By Product Line

Truck 67

Light Truck 12

PCR 15


2

Replacement 56

Exports 9

OEMs 35

37



Truck amp Bus Tyres

Passenger Car Tyres

(Nos)

Truck Radial Tyres

Replacement 54

Exports 11

OEMs 35

Replacement 38

Exports 9

OEMs 53

Replacement 40

Exports 8

OEMs52

38

Key Raw materials


Natural Rubber

37

Synthetic Rubber

15


32

Others 16

39


40












149 144133

121133

126118

109

129 133153

164175 201

198 200

00

50

100

150

200

250

0

20

40

60

80

100

120

140

160






60

80

100

120

140

160

180

200

220

240


(`kg)



September 2016






Price Trend

299

054

514656

1205

1768

0

2

4

6

8

10

12

14

16

18

20

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

Increased

intrinsic value

of shares has

enhanced

Investor

Wealth

EPS ( in `)

41

Promoter5234

FII1216

DII007

Others3543


42

CHALLENGES STRATEGY












tyre companies

43

CHALLENGES STRATEGY


Prices







Industry Demand


Particulars 2004-05 2011-12 2012-13 2013-14 2014-15 2015-16 2017-18

(Expected)

2020-21

(Expected)

TruckBus 15 186 222 264 327 435 600 774

Pass Cars 86 985 981 982 984 988 990 993

April-March


44

1

24

57 7391

110

131

1532

00

4-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

est

ic D

em

and

(Lac

No

s)

Truck Bus Radial

95

287334 365

407460

523600

20

04-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

esti

c D

eman

d

(Lac

No

s)


45




811

17 1922

2633

44 53

6067

72

6

25

34 34

42

51

61

7278

8184 86

0

10

20

30

40

50

60

70

80

90

2008-0

9

2009-1

0

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

2016-1

7

2017-1

8

2018-1

9

2019-2

0

Radialisation ()

Domestic OEM

Actual

Expected

Outlook

Outlook

46












47




tyres PCR OTRFarm


Q3Q4 FY 17

Outlook

48


2

1

3

4

5

Brand

Building

Channel

Expansion

Ramp D

Capability

Service as

differentiator

Continuous

Improvement in

Profitability




Institute








and karting


49

Thank You

Accolades





of Fame 2015rdquo



towards growth amp

development of Tyre

industry





in Las Vegas





Asiarsquos Most

Admired

Leader

Dr

Raghupati

Singhania

18

Dr Raghupati

Singhania

Industry

Leadership

Award at IACC


Bodies


Only Tyre

Superbrand





Year 2015 by World

Branding Forum

London

19





20

2015SA 8000|2008ISO 270012013

NABL 170252005ISO 14064


2013OHSAS 180012007- CTP





2010 TPM

2003 ISO 9000-2000

TS-16949

2001 EFQM

Commendation

1999 ISO 14001

1994 ISO 9001

amp QS -9000







accredited series


21


capacity


trade blocks



America markets


22

JK Tornel - Mexico


bull Chrysler


Radial (LTR)



Product range




bull Truck Bias


bull Farm Tyres










Capacity

83 Mn Tyres pa

No of Plants

3 plants in Mexico

(Azcapotzalco


Present Market

Share

bull Truck Bias 88

bull LCV Bias 85

bull Passenger Line

Radials 8

bull LTR 6

23


MnPesos

`Crs

Sales 2808 1104

EBITDA 403 151

PBT 214 78

PAT 147 51

Outsourcing (2)




Mexico (3)

India (9)

Own Plants (12)

China

Existing ndash 8

Sri Lanka

Miami

Montevideo

IndonesiaNairobi

Houston

Moscow

Dubai

Thailand

KenyaNigeria

Philippines

Planned ndash 4

24






Laksar (Haridwar)





25




EQUITY

` 50 Crs

DEBT

` 1470 Crs



Co(s) 36

CIL

` 2170 crs



26

Networth(50+650)


Combined Facility

12 Tyre Plants

India -9






Mexico -3

bull Azcapotzalco

bull Tultitlan

bull Hidalgo

Capacity

In Mexico City

27

Lac Nos pa


India

Tornel

Mexico

Total -

India amp

Mexico

1 Truck Bias 2318 1757 4075 638 4713

2 Truck Radial 2265 1199 3464 3464

Total Truck 4583 2956 7539 638 8177


4 23 Wheeler 6302 6302 6302


amp OTR)

2227 748 2975 2485 5460

6 Total 16695 10006 26701 8323 35024

7 Tons per day (TPD) 1143 627 1770 340 2110

TPD to Total 54 30 84 16 100

Particulars







PBIDT 491 537 757 621


PBDT 360 416 545 494

PBT 263 325 296 354

PAT 183 221 200 233



30092016 `crs

28


30092016

29

`crs

Standalone

Particulars



31032016 (Audited)

31032015 (Audited)



PBIDT 229 272 1006 766


PBDT 163 215 777 526

PBT 117 164 590 377

PAT 82 113 401 253



30092016

30

`crs

Consolidated

Particulars

30092016

(Unaudited

30092015

(Unaudited

31032016

(Audited)

31032015

(Audited)



PBIDT 394 317 1158 948


PBDT 283 256 913 690

PBT 148 173 669 486

PAT 100 116 464 330


31

The Product Range



31






market

32




(EBITDA Margin 171)






PBT 590 669

up by 57 up by 38

PAT 401 464

up by 58 up by 41


TBR 1465 800 2265

PCRLTR 8110 1775 9885



153 172

420283

500671

766

1006

0

200

400

600

800

1000

1200

20

03

-04

20

05

-06

20

09

-10

20

11

-12

20

12

-13

20

13

-14

20

14

-15

20

15

-16

EBITDA ndash ` Crs

` Crs


310316 310314 310316 310314








33


bull TBR ndash 20






bull Supply Chain

bull Dealer Portal

bull Selling Online

34


New products

launched

40 2011-12

62 2012-13

65 2013-14

63 2014-15

121 2015-16


38624086

5228

3100

3600

4100

4600

5100

310314 310315 310316



2013-14 60

2014-15 50

2015-16 53

477410

318

262218

168

138 130 106000

100

200

300

400

500

600

31314 310315 310316

Ratios

TOLEquity

Total Debt Equity


843 1091 1417

17672079

2252

2504

27132684

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


Current Liabilities



35


4676 4828

6063

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


430

370295

230193

153

113 107 089000

100

200

300

400

500

31314 31315 310316

Ratios

TOLEquity

Total Debt Equity


1092 1401 1748

19182234

2379

30283269

3217

0

1000

2000

3000

4000

5000

6000

7000

8000

310314 310315 310316


Current Liabilities



36



By Product Line

Truck 67

Light Truck 12

PCR 15


2

Replacement 56

Exports 9

OEMs 35

37



Truck amp Bus Tyres

Passenger Car Tyres

(Nos)

Truck Radial Tyres

Replacement 54

Exports 11

OEMs 35

Replacement 38

Exports 9

OEMs 53

Replacement 40

Exports 8

OEMs52

38

Key Raw materials


Natural Rubber

37

Synthetic Rubber

15


32

Others 16

39


40












149 144133

121133

126118

109

129 133153

164175 201

198 200

00

50

100

150

200

250

0

20

40

60

80

100

120

140

160






60

80

100

120

140

160

180

200

220

240


(`kg)



September 2016






Price Trend

299

054

514656

1205

1768

0

2

4

6

8

10

12

14

16

18

20

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

Increased

intrinsic value

of shares has

enhanced

Investor

Wealth

EPS ( in `)

41

Promoter5234

FII1216

DII007

Others3543


42

CHALLENGES STRATEGY












tyre companies

43

CHALLENGES STRATEGY


Prices







Industry Demand


Particulars 2004-05 2011-12 2012-13 2013-14 2014-15 2015-16 2017-18

(Expected)

2020-21

(Expected)

TruckBus 15 186 222 264 327 435 600 774

Pass Cars 86 985 981 982 984 988 990 993

April-March


44

1

24

57 7391

110

131

1532

00

4-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

est

ic D

em

and

(Lac

No

s)

Truck Bus Radial

95

287334 365

407460

523600

20

04-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

esti

c D

eman

d

(Lac

No

s)


45




811

17 1922

2633

44 53

6067

72

6

25

34 34

42

51

61

7278

8184 86

0

10

20

30

40

50

60

70

80

90

2008-0

9

2009-1

0

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

2016-1

7

2017-1

8

2018-1

9

2019-2

0

Radialisation ()

Domestic OEM

Actual

Expected

Outlook

Outlook

46












47




tyres PCR OTRFarm


Q3Q4 FY 17

Outlook

48


2

1

3

4

5

Brand

Building

Channel

Expansion

Ramp D

Capability

Service as

differentiator

Continuous

Improvement in

Profitability




Institute








and karting


49

Thank You


Bodies


Only Tyre

Superbrand





Year 2015 by World

Branding Forum

London

19





20

2015SA 8000|2008ISO 270012013

NABL 170252005ISO 14064


2013OHSAS 180012007- CTP





2010 TPM

2003 ISO 9000-2000

TS-16949

2001 EFQM

Commendation

1999 ISO 14001

1994 ISO 9001

amp QS -9000







accredited series


21


capacity


trade blocks



America markets


22

JK Tornel - Mexico


bull Chrysler


Radial (LTR)



Product range




bull Truck Bias


bull Farm Tyres










Capacity

83 Mn Tyres pa

No of Plants

3 plants in Mexico

(Azcapotzalco


Present Market

Share

bull Truck Bias 88

bull LCV Bias 85

bull Passenger Line

Radials 8

bull LTR 6

23


MnPesos

`Crs

Sales 2808 1104

EBITDA 403 151

PBT 214 78

PAT 147 51

Outsourcing (2)




Mexico (3)

India (9)

Own Plants (12)

China

Existing ndash 8

Sri Lanka

Miami

Montevideo

IndonesiaNairobi

Houston

Moscow

Dubai

Thailand

KenyaNigeria

Philippines

Planned ndash 4

24






Laksar (Haridwar)





25




EQUITY

` 50 Crs

DEBT

` 1470 Crs



Co(s) 36

CIL

` 2170 crs



26

Networth(50+650)


Combined Facility

12 Tyre Plants

India -9






Mexico -3

bull Azcapotzalco

bull Tultitlan

bull Hidalgo

Capacity

In Mexico City

27

Lac Nos pa


India

Tornel

Mexico

Total -

India amp

Mexico

1 Truck Bias 2318 1757 4075 638 4713

2 Truck Radial 2265 1199 3464 3464

Total Truck 4583 2956 7539 638 8177


4 23 Wheeler 6302 6302 6302


amp OTR)

2227 748 2975 2485 5460

6 Total 16695 10006 26701 8323 35024

7 Tons per day (TPD) 1143 627 1770 340 2110

TPD to Total 54 30 84 16 100

Particulars







PBIDT 491 537 757 621


PBDT 360 416 545 494

PBT 263 325 296 354

PAT 183 221 200 233



30092016 `crs

28


30092016

29

`crs

Standalone

Particulars



31032016 (Audited)

31032015 (Audited)



PBIDT 229 272 1006 766


PBDT 163 215 777 526

PBT 117 164 590 377

PAT 82 113 401 253



30092016

30

`crs

Consolidated

Particulars

30092016

(Unaudited

30092015

(Unaudited

31032016

(Audited)

31032015

(Audited)



PBIDT 394 317 1158 948


PBDT 283 256 913 690

PBT 148 173 669 486

PAT 100 116 464 330


31

The Product Range



31






market

32




(EBITDA Margin 171)






PBT 590 669

up by 57 up by 38

PAT 401 464

up by 58 up by 41


TBR 1465 800 2265

PCRLTR 8110 1775 9885



153 172

420283

500671

766

1006

0

200

400

600

800

1000

1200

20

03

-04

20

05

-06

20

09

-10

20

11

-12

20

12

-13

20

13

-14

20

14

-15

20

15

-16

EBITDA ndash ` Crs

` Crs


310316 310314 310316 310314








33


bull TBR ndash 20






bull Supply Chain

bull Dealer Portal

bull Selling Online

34


New products

launched

40 2011-12

62 2012-13

65 2013-14

63 2014-15

121 2015-16


38624086

5228

3100

3600

4100

4600

5100

310314 310315 310316



2013-14 60

2014-15 50

2015-16 53

477410

318

262218

168

138 130 106000

100

200

300

400

500

600

31314 310315 310316

Ratios

TOLEquity

Total Debt Equity


843 1091 1417

17672079

2252

2504

27132684

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


Current Liabilities



35


4676 4828

6063

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


430

370295

230193

153

113 107 089000

100

200

300

400

500

31314 31315 310316

Ratios

TOLEquity

Total Debt Equity


1092 1401 1748

19182234

2379

30283269

3217

0

1000

2000

3000

4000

5000

6000

7000

8000

310314 310315 310316


Current Liabilities



36



By Product Line

Truck 67

Light Truck 12

PCR 15


2

Replacement 56

Exports 9

OEMs 35

37



Truck amp Bus Tyres

Passenger Car Tyres

(Nos)

Truck Radial Tyres

Replacement 54

Exports 11

OEMs 35

Replacement 38

Exports 9

OEMs 53

Replacement 40

Exports 8

OEMs52

38

Key Raw materials


Natural Rubber

37

Synthetic Rubber

15


32

Others 16

39


40












149 144133

121133

126118

109

129 133153

164175 201

198 200

00

50

100

150

200

250

0

20

40

60

80

100

120

140

160






60

80

100

120

140

160

180

200

220

240


(`kg)



September 2016






Price Trend

299

054

514656

1205

1768

0

2

4

6

8

10

12

14

16

18

20

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

Increased

intrinsic value

of shares has

enhanced

Investor

Wealth

EPS ( in `)

41

Promoter5234

FII1216

DII007

Others3543


42

CHALLENGES STRATEGY












tyre companies

43

CHALLENGES STRATEGY


Prices







Industry Demand


Particulars 2004-05 2011-12 2012-13 2013-14 2014-15 2015-16 2017-18

(Expected)

2020-21

(Expected)

TruckBus 15 186 222 264 327 435 600 774

Pass Cars 86 985 981 982 984 988 990 993

April-March


44

1

24

57 7391

110

131

1532

00

4-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

est

ic D

em

and

(Lac

No

s)

Truck Bus Radial

95

287334 365

407460

523600

20

04-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

esti

c D

eman

d

(Lac

No

s)


45




811

17 1922

2633

44 53

6067

72

6

25

34 34

42

51

61

7278

8184 86

0

10

20

30

40

50

60

70

80

90

2008-0

9

2009-1

0

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

2016-1

7

2017-1

8

2018-1

9

2019-2

0

Radialisation ()

Domestic OEM

Actual

Expected

Outlook

Outlook

46












47




tyres PCR OTRFarm


Q3Q4 FY 17

Outlook

48


2

1

3

4

5

Brand

Building

Channel

Expansion

Ramp D

Capability

Service as

differentiator

Continuous

Improvement in

Profitability




Institute








and karting


49

Thank You





20

2015SA 8000|2008ISO 270012013

NABL 170252005ISO 14064


2013OHSAS 180012007- CTP





2010 TPM

2003 ISO 9000-2000

TS-16949

2001 EFQM

Commendation

1999 ISO 14001

1994 ISO 9001

amp QS -9000







accredited series


21


capacity


trade blocks



America markets


22

JK Tornel - Mexico


bull Chrysler


Radial (LTR)



Product range




bull Truck Bias


bull Farm Tyres










Capacity

83 Mn Tyres pa

No of Plants

3 plants in Mexico

(Azcapotzalco


Present Market

Share

bull Truck Bias 88

bull LCV Bias 85

bull Passenger Line

Radials 8

bull LTR 6

23


MnPesos

`Crs

Sales 2808 1104

EBITDA 403 151

PBT 214 78

PAT 147 51

Outsourcing (2)




Mexico (3)

India (9)

Own Plants (12)

China

Existing ndash 8

Sri Lanka

Miami

Montevideo

IndonesiaNairobi

Houston

Moscow

Dubai

Thailand

KenyaNigeria

Philippines

Planned ndash 4

24






Laksar (Haridwar)





25




EQUITY

` 50 Crs

DEBT

` 1470 Crs



Co(s) 36

CIL

` 2170 crs



26

Networth(50+650)


Combined Facility

12 Tyre Plants

India -9






Mexico -3

bull Azcapotzalco

bull Tultitlan

bull Hidalgo

Capacity

In Mexico City

27

Lac Nos pa


India

Tornel

Mexico

Total -

India amp

Mexico

1 Truck Bias 2318 1757 4075 638 4713

2 Truck Radial 2265 1199 3464 3464

Total Truck 4583 2956 7539 638 8177


4 23 Wheeler 6302 6302 6302


amp OTR)

2227 748 2975 2485 5460

6 Total 16695 10006 26701 8323 35024

7 Tons per day (TPD) 1143 627 1770 340 2110

TPD to Total 54 30 84 16 100

Particulars







PBIDT 491 537 757 621


PBDT 360 416 545 494

PBT 263 325 296 354

PAT 183 221 200 233



30092016 `crs

28


30092016

29

`crs

Standalone

Particulars



31032016 (Audited)

31032015 (Audited)



PBIDT 229 272 1006 766


PBDT 163 215 777 526

PBT 117 164 590 377

PAT 82 113 401 253



30092016

30

`crs

Consolidated

Particulars

30092016

(Unaudited

30092015

(Unaudited

31032016

(Audited)

31032015

(Audited)



PBIDT 394 317 1158 948


PBDT 283 256 913 690

PBT 148 173 669 486

PAT 100 116 464 330


31

The Product Range



31






market

32




(EBITDA Margin 171)






PBT 590 669

up by 57 up by 38

PAT 401 464

up by 58 up by 41


TBR 1465 800 2265

PCRLTR 8110 1775 9885



153 172

420283

500671

766

1006

0

200

400

600

800

1000

1200

20

03

-04

20

05

-06

20

09

-10

20

11

-12

20

12

-13

20

13

-14

20

14

-15

20

15

-16

EBITDA ndash ` Crs

` Crs


310316 310314 310316 310314








33


bull TBR ndash 20






bull Supply Chain

bull Dealer Portal

bull Selling Online

34


New products

launched

40 2011-12

62 2012-13

65 2013-14

63 2014-15

121 2015-16


38624086

5228

3100

3600

4100

4600

5100

310314 310315 310316



2013-14 60

2014-15 50

2015-16 53

477410

318

262218

168

138 130 106000

100

200

300

400

500

600

31314 310315 310316

Ratios

TOLEquity

Total Debt Equity


843 1091 1417

17672079

2252

2504

27132684

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


Current Liabilities



35


4676 4828

6063

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


430

370295

230193

153

113 107 089000

100

200

300

400

500

31314 31315 310316

Ratios

TOLEquity

Total Debt Equity


1092 1401 1748

19182234

2379

30283269

3217

0

1000

2000

3000

4000

5000

6000

7000

8000

310314 310315 310316


Current Liabilities



36



By Product Line

Truck 67

Light Truck 12

PCR 15


2

Replacement 56

Exports 9

OEMs 35

37



Truck amp Bus Tyres

Passenger Car Tyres

(Nos)

Truck Radial Tyres

Replacement 54

Exports 11

OEMs 35

Replacement 38

Exports 9

OEMs 53

Replacement 40

Exports 8

OEMs52

38

Key Raw materials


Natural Rubber

37

Synthetic Rubber

15


32

Others 16

39


40












149 144133

121133

126118

109

129 133153

164175 201

198 200

00

50

100

150

200

250

0

20

40

60

80

100

120

140

160






60

80

100

120

140

160

180

200

220

240


(`kg)



September 2016






Price Trend

299

054

514656

1205

1768

0

2

4

6

8

10

12

14

16

18

20

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

Increased

intrinsic value

of shares has

enhanced

Investor

Wealth

EPS ( in `)

41

Promoter5234

FII1216

DII007

Others3543


42

CHALLENGES STRATEGY












tyre companies

43

CHALLENGES STRATEGY


Prices







Industry Demand


Particulars 2004-05 2011-12 2012-13 2013-14 2014-15 2015-16 2017-18

(Expected)

2020-21

(Expected)

TruckBus 15 186 222 264 327 435 600 774

Pass Cars 86 985 981 982 984 988 990 993

April-March


44

1

24

57 7391

110

131

1532

00

4-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

est

ic D

em

and

(Lac

No

s)

Truck Bus Radial

95

287334 365

407460

523600

20

04-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

esti

c D

eman

d

(Lac

No

s)


45




811

17 1922

2633

44 53

6067

72

6

25

34 34

42

51

61

7278

8184 86

0

10

20

30

40

50

60

70

80

90

2008-0

9

2009-1

0

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

2016-1

7

2017-1

8

2018-1

9

2019-2

0

Radialisation ()

Domestic OEM

Actual

Expected

Outlook

Outlook

46












47




tyres PCR OTRFarm


Q3Q4 FY 17

Outlook

48


2

1

3

4

5

Brand

Building

Channel

Expansion

Ramp D

Capability

Service as

differentiator

Continuous

Improvement in

Profitability




Institute








and karting


49

Thank You







accredited series


21


capacity


trade blocks



America markets


22

JK Tornel - Mexico


bull Chrysler


Radial (LTR)



Product range




bull Truck Bias


bull Farm Tyres










Capacity

83 Mn Tyres pa

No of Plants

3 plants in Mexico

(Azcapotzalco


Present Market

Share

bull Truck Bias 88

bull LCV Bias 85

bull Passenger Line

Radials 8

bull LTR 6

23


MnPesos

`Crs

Sales 2808 1104

EBITDA 403 151

PBT 214 78

PAT 147 51

Outsourcing (2)




Mexico (3)

India (9)

Own Plants (12)

China

Existing ndash 8

Sri Lanka

Miami

Montevideo

IndonesiaNairobi

Houston

Moscow

Dubai

Thailand

KenyaNigeria

Philippines

Planned ndash 4

24






Laksar (Haridwar)





25




EQUITY

` 50 Crs

DEBT

` 1470 Crs



Co(s) 36

CIL

` 2170 crs



26

Networth(50+650)


Combined Facility

12 Tyre Plants

India -9






Mexico -3

bull Azcapotzalco

bull Tultitlan

bull Hidalgo

Capacity

In Mexico City

27

Lac Nos pa


India

Tornel

Mexico

Total -

India amp

Mexico

1 Truck Bias 2318 1757 4075 638 4713

2 Truck Radial 2265 1199 3464 3464

Total Truck 4583 2956 7539 638 8177


4 23 Wheeler 6302 6302 6302


amp OTR)

2227 748 2975 2485 5460

6 Total 16695 10006 26701 8323 35024

7 Tons per day (TPD) 1143 627 1770 340 2110

TPD to Total 54 30 84 16 100

Particulars







PBIDT 491 537 757 621


PBDT 360 416 545 494

PBT 263 325 296 354

PAT 183 221 200 233



30092016 `crs

28


30092016

29

`crs

Standalone

Particulars



31032016 (Audited)

31032015 (Audited)



PBIDT 229 272 1006 766


PBDT 163 215 777 526

PBT 117 164 590 377

PAT 82 113 401 253



30092016

30

`crs

Consolidated

Particulars

30092016

(Unaudited

30092015

(Unaudited

31032016

(Audited)

31032015

(Audited)



PBIDT 394 317 1158 948


PBDT 283 256 913 690

PBT 148 173 669 486

PAT 100 116 464 330


31

The Product Range



31






market

32




(EBITDA Margin 171)






PBT 590 669

up by 57 up by 38

PAT 401 464

up by 58 up by 41


TBR 1465 800 2265

PCRLTR 8110 1775 9885



153 172

420283

500671

766

1006

0

200

400

600

800

1000

1200

20

03

-04

20

05

-06

20

09

-10

20

11

-12

20

12

-13

20

13

-14

20

14

-15

20

15

-16

EBITDA ndash ` Crs

` Crs


310316 310314 310316 310314








33


bull TBR ndash 20






bull Supply Chain

bull Dealer Portal

bull Selling Online

34


New products

launched

40 2011-12

62 2012-13

65 2013-14

63 2014-15

121 2015-16


38624086

5228

3100

3600

4100

4600

5100

310314 310315 310316



2013-14 60

2014-15 50

2015-16 53

477410

318

262218

168

138 130 106000

100

200

300

400

500

600

31314 310315 310316

Ratios

TOLEquity

Total Debt Equity


843 1091 1417

17672079

2252

2504

27132684

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


Current Liabilities



35


4676 4828

6063

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


430

370295

230193

153

113 107 089000

100

200

300

400

500

31314 31315 310316

Ratios

TOLEquity

Total Debt Equity


1092 1401 1748

19182234

2379

30283269

3217

0

1000

2000

3000

4000

5000

6000

7000

8000

310314 310315 310316


Current Liabilities



36



By Product Line

Truck 67

Light Truck 12

PCR 15


2

Replacement 56

Exports 9

OEMs 35

37



Truck amp Bus Tyres

Passenger Car Tyres

(Nos)

Truck Radial Tyres

Replacement 54

Exports 11

OEMs 35

Replacement 38

Exports 9

OEMs 53

Replacement 40

Exports 8

OEMs52

38

Key Raw materials


Natural Rubber

37

Synthetic Rubber

15


32

Others 16

39


40












149 144133

121133

126118

109

129 133153

164175 201

198 200

00

50

100

150

200

250

0

20

40

60

80

100

120

140

160






60

80

100

120

140

160

180

200

220

240


(`kg)



September 2016






Price Trend

299

054

514656

1205

1768

0

2

4

6

8

10

12

14

16

18

20

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

Increased

intrinsic value

of shares has

enhanced

Investor

Wealth

EPS ( in `)

41

Promoter5234

FII1216

DII007

Others3543


42

CHALLENGES STRATEGY












tyre companies

43

CHALLENGES STRATEGY


Prices







Industry Demand


Particulars 2004-05 2011-12 2012-13 2013-14 2014-15 2015-16 2017-18

(Expected)

2020-21

(Expected)

TruckBus 15 186 222 264 327 435 600 774

Pass Cars 86 985 981 982 984 988 990 993

April-March


44

1

24

57 7391

110

131

1532

00

4-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

est

ic D

em

and

(Lac

No

s)

Truck Bus Radial

95

287334 365

407460

523600

20

04-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

esti

c D

eman

d

(Lac

No

s)


45




811

17 1922

2633

44 53

6067

72

6

25

34 34

42

51

61

7278

8184 86

0

10

20

30

40

50

60

70

80

90

2008-0

9

2009-1

0

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

2016-1

7

2017-1

8

2018-1

9

2019-2

0

Radialisation ()

Domestic OEM

Actual

Expected

Outlook

Outlook

46












47




tyres PCR OTRFarm


Q3Q4 FY 17

Outlook

48


2

1

3

4

5

Brand

Building

Channel

Expansion

Ramp D

Capability

Service as

differentiator

Continuous

Improvement in

Profitability




Institute








and karting


49

Thank You


capacity


trade blocks



America markets


22

JK Tornel - Mexico


bull Chrysler


Radial (LTR)



Product range




bull Truck Bias


bull Farm Tyres










Capacity

83 Mn Tyres pa

No of Plants

3 plants in Mexico

(Azcapotzalco


Present Market

Share

bull Truck Bias 88

bull LCV Bias 85

bull Passenger Line

Radials 8

bull LTR 6

23


MnPesos

`Crs

Sales 2808 1104

EBITDA 403 151

PBT 214 78

PAT 147 51

Outsourcing (2)




Mexico (3)

India (9)

Own Plants (12)

China

Existing ndash 8

Sri Lanka

Miami

Montevideo

IndonesiaNairobi

Houston

Moscow

Dubai

Thailand

KenyaNigeria

Philippines

Planned ndash 4

24






Laksar (Haridwar)





25




EQUITY

` 50 Crs

DEBT

` 1470 Crs



Co(s) 36

CIL

` 2170 crs



26

Networth(50+650)


Combined Facility

12 Tyre Plants

India -9






Mexico -3

bull Azcapotzalco

bull Tultitlan

bull Hidalgo

Capacity

In Mexico City

27

Lac Nos pa


India

Tornel

Mexico

Total -

India amp

Mexico

1 Truck Bias 2318 1757 4075 638 4713

2 Truck Radial 2265 1199 3464 3464

Total Truck 4583 2956 7539 638 8177


4 23 Wheeler 6302 6302 6302


amp OTR)

2227 748 2975 2485 5460

6 Total 16695 10006 26701 8323 35024

7 Tons per day (TPD) 1143 627 1770 340 2110

TPD to Total 54 30 84 16 100

Particulars







PBIDT 491 537 757 621


PBDT 360 416 545 494

PBT 263 325 296 354

PAT 183 221 200 233



30092016 `crs

28


30092016

29

`crs

Standalone

Particulars



31032016 (Audited)

31032015 (Audited)



PBIDT 229 272 1006 766


PBDT 163 215 777 526

PBT 117 164 590 377

PAT 82 113 401 253



30092016

30

`crs

Consolidated

Particulars

30092016

(Unaudited

30092015

(Unaudited

31032016

(Audited)

31032015

(Audited)



PBIDT 394 317 1158 948


PBDT 283 256 913 690

PBT 148 173 669 486

PAT 100 116 464 330


31

The Product Range



31






market

32




(EBITDA Margin 171)






PBT 590 669

up by 57 up by 38

PAT 401 464

up by 58 up by 41


TBR 1465 800 2265

PCRLTR 8110 1775 9885



153 172

420283

500671

766

1006

0

200

400

600

800

1000

1200

20

03

-04

20

05

-06

20

09

-10

20

11

-12

20

12

-13

20

13

-14

20

14

-15

20

15

-16

EBITDA ndash ` Crs

` Crs


310316 310314 310316 310314








33


bull TBR ndash 20






bull Supply Chain

bull Dealer Portal

bull Selling Online

34


New products

launched

40 2011-12

62 2012-13

65 2013-14

63 2014-15

121 2015-16


38624086

5228

3100

3600

4100

4600

5100

310314 310315 310316



2013-14 60

2014-15 50

2015-16 53

477410

318

262218

168

138 130 106000

100

200

300

400

500

600

31314 310315 310316

Ratios

TOLEquity

Total Debt Equity


843 1091 1417

17672079

2252

2504

27132684

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


Current Liabilities



35


4676 4828

6063

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


430

370295

230193

153

113 107 089000

100

200

300

400

500

31314 31315 310316

Ratios

TOLEquity

Total Debt Equity


1092 1401 1748

19182234

2379

30283269

3217

0

1000

2000

3000

4000

5000

6000

7000

8000

310314 310315 310316


Current Liabilities



36



By Product Line

Truck 67

Light Truck 12

PCR 15


2

Replacement 56

Exports 9

OEMs 35

37



Truck amp Bus Tyres

Passenger Car Tyres

(Nos)

Truck Radial Tyres

Replacement 54

Exports 11

OEMs 35

Replacement 38

Exports 9

OEMs 53

Replacement 40

Exports 8

OEMs52

38

Key Raw materials


Natural Rubber

37

Synthetic Rubber

15


32

Others 16

39


40












149 144133

121133

126118

109

129 133153

164175 201

198 200

00

50

100

150

200

250

0

20

40

60

80

100

120

140

160






60

80

100

120

140

160

180

200

220

240


(`kg)



September 2016






Price Trend

299

054

514656

1205

1768

0

2

4

6

8

10

12

14

16

18

20

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

Increased

intrinsic value

of shares has

enhanced

Investor

Wealth

EPS ( in `)

41

Promoter5234

FII1216

DII007

Others3543


42

CHALLENGES STRATEGY












tyre companies

43

CHALLENGES STRATEGY


Prices







Industry Demand


Particulars 2004-05 2011-12 2012-13 2013-14 2014-15 2015-16 2017-18

(Expected)

2020-21

(Expected)

TruckBus 15 186 222 264 327 435 600 774

Pass Cars 86 985 981 982 984 988 990 993

April-March


44

1

24

57 7391

110

131

1532

00

4-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

est

ic D

em

and

(Lac

No

s)

Truck Bus Radial

95

287334 365

407460

523600

20

04-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

esti

c D

eman

d

(Lac

No

s)


45




811

17 1922

2633

44 53

6067

72

6

25

34 34

42

51

61

7278

8184 86

0

10

20

30

40

50

60

70

80

90

2008-0

9

2009-1

0

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

2016-1

7

2017-1

8

2018-1

9

2019-2

0

Radialisation ()

Domestic OEM

Actual

Expected

Outlook

Outlook

46












47




tyres PCR OTRFarm


Q3Q4 FY 17

Outlook

48


2

1

3

4

5

Brand

Building

Channel

Expansion

Ramp D

Capability

Service as

differentiator

Continuous

Improvement in

Profitability




Institute








and karting


49

Thank You

JK Tornel - Mexico


bull Chrysler


Radial (LTR)



Product range




bull Truck Bias


bull Farm Tyres










Capacity

83 Mn Tyres pa

No of Plants

3 plants in Mexico

(Azcapotzalco


Present Market

Share

bull Truck Bias 88

bull LCV Bias 85

bull Passenger Line

Radials 8

bull LTR 6

23


MnPesos

`Crs

Sales 2808 1104

EBITDA 403 151

PBT 214 78

PAT 147 51

Outsourcing (2)




Mexico (3)

India (9)

Own Plants (12)

China

Existing ndash 8

Sri Lanka

Miami

Montevideo

IndonesiaNairobi

Houston

Moscow

Dubai

Thailand

KenyaNigeria

Philippines

Planned ndash 4

24






Laksar (Haridwar)





25




EQUITY

` 50 Crs

DEBT

` 1470 Crs



Co(s) 36

CIL

` 2170 crs



26

Networth(50+650)


Combined Facility

12 Tyre Plants

India -9






Mexico -3

bull Azcapotzalco

bull Tultitlan

bull Hidalgo

Capacity

In Mexico City

27

Lac Nos pa


India

Tornel

Mexico

Total -

India amp

Mexico

1 Truck Bias 2318 1757 4075 638 4713

2 Truck Radial 2265 1199 3464 3464

Total Truck 4583 2956 7539 638 8177


4 23 Wheeler 6302 6302 6302


amp OTR)

2227 748 2975 2485 5460

6 Total 16695 10006 26701 8323 35024

7 Tons per day (TPD) 1143 627 1770 340 2110

TPD to Total 54 30 84 16 100

Particulars







PBIDT 491 537 757 621


PBDT 360 416 545 494

PBT 263 325 296 354

PAT 183 221 200 233



30092016 `crs

28


30092016

29

`crs

Standalone

Particulars



31032016 (Audited)

31032015 (Audited)



PBIDT 229 272 1006 766


PBDT 163 215 777 526

PBT 117 164 590 377

PAT 82 113 401 253



30092016

30

`crs

Consolidated

Particulars

30092016

(Unaudited

30092015

(Unaudited

31032016

(Audited)

31032015

(Audited)



PBIDT 394 317 1158 948


PBDT 283 256 913 690

PBT 148 173 669 486

PAT 100 116 464 330


31

The Product Range



31






market

32




(EBITDA Margin 171)






PBT 590 669

up by 57 up by 38

PAT 401 464

up by 58 up by 41


TBR 1465 800 2265

PCRLTR 8110 1775 9885



153 172

420283

500671

766

1006

0

200

400

600

800

1000

1200

20

03

-04

20

05

-06

20

09

-10

20

11

-12

20

12

-13

20

13

-14

20

14

-15

20

15

-16

EBITDA ndash ` Crs

` Crs


310316 310314 310316 310314








33


bull TBR ndash 20






bull Supply Chain

bull Dealer Portal

bull Selling Online

34


New products

launched

40 2011-12

62 2012-13

65 2013-14

63 2014-15

121 2015-16


38624086

5228

3100

3600

4100

4600

5100

310314 310315 310316



2013-14 60

2014-15 50

2015-16 53

477410

318

262218

168

138 130 106000

100

200

300

400

500

600

31314 310315 310316

Ratios

TOLEquity

Total Debt Equity


843 1091 1417

17672079

2252

2504

27132684

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


Current Liabilities



35


4676 4828

6063

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


430

370295

230193

153

113 107 089000

100

200

300

400

500

31314 31315 310316

Ratios

TOLEquity

Total Debt Equity


1092 1401 1748

19182234

2379

30283269

3217

0

1000

2000

3000

4000

5000

6000

7000

8000

310314 310315 310316


Current Liabilities



36



By Product Line

Truck 67

Light Truck 12

PCR 15


2

Replacement 56

Exports 9

OEMs 35

37



Truck amp Bus Tyres

Passenger Car Tyres

(Nos)

Truck Radial Tyres

Replacement 54

Exports 11

OEMs 35

Replacement 38

Exports 9

OEMs 53

Replacement 40

Exports 8

OEMs52

38

Key Raw materials


Natural Rubber

37

Synthetic Rubber

15


32

Others 16

39


40












149 144133

121133

126118

109

129 133153

164175 201

198 200

00

50

100

150

200

250

0

20

40

60

80

100

120

140

160






60

80

100

120

140

160

180

200

220

240


(`kg)



September 2016






Price Trend

299

054

514656

1205

1768

0

2

4

6

8

10

12

14

16

18

20

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

Increased

intrinsic value

of shares has

enhanced

Investor

Wealth

EPS ( in `)

41

Promoter5234

FII1216

DII007

Others3543


42

CHALLENGES STRATEGY












tyre companies

43

CHALLENGES STRATEGY


Prices







Industry Demand


Particulars 2004-05 2011-12 2012-13 2013-14 2014-15 2015-16 2017-18

(Expected)

2020-21

(Expected)

TruckBus 15 186 222 264 327 435 600 774

Pass Cars 86 985 981 982 984 988 990 993

April-March


44

1

24

57 7391

110

131

1532

00

4-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

est

ic D

em

and

(Lac

No

s)

Truck Bus Radial

95

287334 365

407460

523600

20

04-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

esti

c D

eman

d

(Lac

No

s)


45




811

17 1922

2633

44 53

6067

72

6

25

34 34

42

51

61

7278

8184 86

0

10

20

30

40

50

60

70

80

90

2008-0

9

2009-1

0

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

2016-1

7

2017-1

8

2018-1

9

2019-2

0

Radialisation ()

Domestic OEM

Actual

Expected

Outlook

Outlook

46












47




tyres PCR OTRFarm


Q3Q4 FY 17

Outlook

48


2

1

3

4

5

Brand

Building

Channel

Expansion

Ramp D

Capability

Service as

differentiator

Continuous

Improvement in

Profitability




Institute








and karting


49

Thank You

Outsourcing (2)




Mexico (3)

India (9)

Own Plants (12)

China

Existing ndash 8

Sri Lanka

Miami

Montevideo

IndonesiaNairobi

Houston

Moscow

Dubai

Thailand

KenyaNigeria

Philippines

Planned ndash 4

24






Laksar (Haridwar)





25




EQUITY

` 50 Crs

DEBT

` 1470 Crs



Co(s) 36

CIL

` 2170 crs



26

Networth(50+650)


Combined Facility

12 Tyre Plants

India -9






Mexico -3

bull Azcapotzalco

bull Tultitlan

bull Hidalgo

Capacity

In Mexico City

27

Lac Nos pa


India

Tornel

Mexico

Total -

India amp

Mexico

1 Truck Bias 2318 1757 4075 638 4713

2 Truck Radial 2265 1199 3464 3464

Total Truck 4583 2956 7539 638 8177


4 23 Wheeler 6302 6302 6302


amp OTR)

2227 748 2975 2485 5460

6 Total 16695 10006 26701 8323 35024

7 Tons per day (TPD) 1143 627 1770 340 2110

TPD to Total 54 30 84 16 100

Particulars







PBIDT 491 537 757 621


PBDT 360 416 545 494

PBT 263 325 296 354

PAT 183 221 200 233



30092016 `crs

28


30092016

29

`crs

Standalone

Particulars



31032016 (Audited)

31032015 (Audited)



PBIDT 229 272 1006 766


PBDT 163 215 777 526

PBT 117 164 590 377

PAT 82 113 401 253



30092016

30

`crs

Consolidated

Particulars

30092016

(Unaudited

30092015

(Unaudited

31032016

(Audited)

31032015

(Audited)



PBIDT 394 317 1158 948


PBDT 283 256 913 690

PBT 148 173 669 486

PAT 100 116 464 330


31

The Product Range



31






market

32




(EBITDA Margin 171)






PBT 590 669

up by 57 up by 38

PAT 401 464

up by 58 up by 41


TBR 1465 800 2265

PCRLTR 8110 1775 9885



153 172

420283

500671

766

1006

0

200

400

600

800

1000

1200

20

03

-04

20

05

-06

20

09

-10

20

11

-12

20

12

-13

20

13

-14

20

14

-15

20

15

-16

EBITDA ndash ` Crs

` Crs


310316 310314 310316 310314








33


bull TBR ndash 20






bull Supply Chain

bull Dealer Portal

bull Selling Online

34


New products

launched

40 2011-12

62 2012-13

65 2013-14

63 2014-15

121 2015-16


38624086

5228

3100

3600

4100

4600

5100

310314 310315 310316



2013-14 60

2014-15 50

2015-16 53

477410

318

262218

168

138 130 106000

100

200

300

400

500

600

31314 310315 310316

Ratios

TOLEquity

Total Debt Equity


843 1091 1417

17672079

2252

2504

27132684

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


Current Liabilities



35


4676 4828

6063

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


430

370295

230193

153

113 107 089000

100

200

300

400

500

31314 31315 310316

Ratios

TOLEquity

Total Debt Equity


1092 1401 1748

19182234

2379

30283269

3217

0

1000

2000

3000

4000

5000

6000

7000

8000

310314 310315 310316


Current Liabilities



36



By Product Line

Truck 67

Light Truck 12

PCR 15


2

Replacement 56

Exports 9

OEMs 35

37



Truck amp Bus Tyres

Passenger Car Tyres

(Nos)

Truck Radial Tyres

Replacement 54

Exports 11

OEMs 35

Replacement 38

Exports 9

OEMs 53

Replacement 40

Exports 8

OEMs52

38

Key Raw materials


Natural Rubber

37

Synthetic Rubber

15


32

Others 16

39


40












149 144133

121133

126118

109

129 133153

164175 201

198 200

00

50

100

150

200

250

0

20

40

60

80

100

120

140

160






60

80

100

120

140

160

180

200

220

240


(`kg)



September 2016






Price Trend

299

054

514656

1205

1768

0

2

4

6

8

10

12

14

16

18

20

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

Increased

intrinsic value

of shares has

enhanced

Investor

Wealth

EPS ( in `)

41

Promoter5234

FII1216

DII007

Others3543


42

CHALLENGES STRATEGY












tyre companies

43

CHALLENGES STRATEGY


Prices







Industry Demand


Particulars 2004-05 2011-12 2012-13 2013-14 2014-15 2015-16 2017-18

(Expected)

2020-21

(Expected)

TruckBus 15 186 222 264 327 435 600 774

Pass Cars 86 985 981 982 984 988 990 993

April-March


44

1

24

57 7391

110

131

1532

00

4-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

est

ic D

em

and

(Lac

No

s)

Truck Bus Radial

95

287334 365

407460

523600

20

04-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

esti

c D

eman

d

(Lac

No

s)


45




811

17 1922

2633

44 53

6067

72

6

25

34 34

42

51

61

7278

8184 86

0

10

20

30

40

50

60

70

80

90

2008-0

9

2009-1

0

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

2016-1

7

2017-1

8

2018-1

9

2019-2

0

Radialisation ()

Domestic OEM

Actual

Expected

Outlook

Outlook

46












47




tyres PCR OTRFarm


Q3Q4 FY 17

Outlook

48


2

1

3

4

5

Brand

Building

Channel

Expansion

Ramp D

Capability

Service as

differentiator

Continuous

Improvement in

Profitability




Institute








and karting


49

Thank You






Laksar (Haridwar)





25




EQUITY

` 50 Crs

DEBT

` 1470 Crs



Co(s) 36

CIL

` 2170 crs



26

Networth(50+650)


Combined Facility

12 Tyre Plants

India -9






Mexico -3

bull Azcapotzalco

bull Tultitlan

bull Hidalgo

Capacity

In Mexico City

27

Lac Nos pa


India

Tornel

Mexico

Total -

India amp

Mexico

1 Truck Bias 2318 1757 4075 638 4713

2 Truck Radial 2265 1199 3464 3464

Total Truck 4583 2956 7539 638 8177


4 23 Wheeler 6302 6302 6302


amp OTR)

2227 748 2975 2485 5460

6 Total 16695 10006 26701 8323 35024

7 Tons per day (TPD) 1143 627 1770 340 2110

TPD to Total 54 30 84 16 100

Particulars







PBIDT 491 537 757 621


PBDT 360 416 545 494

PBT 263 325 296 354

PAT 183 221 200 233



30092016 `crs

28


30092016

29

`crs

Standalone

Particulars



31032016 (Audited)

31032015 (Audited)



PBIDT 229 272 1006 766


PBDT 163 215 777 526

PBT 117 164 590 377

PAT 82 113 401 253



30092016

30

`crs

Consolidated

Particulars

30092016

(Unaudited

30092015

(Unaudited

31032016

(Audited)

31032015

(Audited)



PBIDT 394 317 1158 948


PBDT 283 256 913 690

PBT 148 173 669 486

PAT 100 116 464 330


31

The Product Range



31






market

32




(EBITDA Margin 171)






PBT 590 669

up by 57 up by 38

PAT 401 464

up by 58 up by 41


TBR 1465 800 2265

PCRLTR 8110 1775 9885



153 172

420283

500671

766

1006

0

200

400

600

800

1000

1200

20

03

-04

20

05

-06

20

09

-10

20

11

-12

20

12

-13

20

13

-14

20

14

-15

20

15

-16

EBITDA ndash ` Crs

` Crs


310316 310314 310316 310314








33


bull TBR ndash 20






bull Supply Chain

bull Dealer Portal

bull Selling Online

34


New products

launched

40 2011-12

62 2012-13

65 2013-14

63 2014-15

121 2015-16


38624086

5228

3100

3600

4100

4600

5100

310314 310315 310316



2013-14 60

2014-15 50

2015-16 53

477410

318

262218

168

138 130 106000

100

200

300

400

500

600

31314 310315 310316

Ratios

TOLEquity

Total Debt Equity


843 1091 1417

17672079

2252

2504

27132684

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


Current Liabilities



35


4676 4828

6063

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


430

370295

230193

153

113 107 089000

100

200

300

400

500

31314 31315 310316

Ratios

TOLEquity

Total Debt Equity


1092 1401 1748

19182234

2379

30283269

3217

0

1000

2000

3000

4000

5000

6000

7000

8000

310314 310315 310316


Current Liabilities



36



By Product Line

Truck 67

Light Truck 12

PCR 15


2

Replacement 56

Exports 9

OEMs 35

37



Truck amp Bus Tyres

Passenger Car Tyres

(Nos)

Truck Radial Tyres

Replacement 54

Exports 11

OEMs 35

Replacement 38

Exports 9

OEMs 53

Replacement 40

Exports 8

OEMs52

38

Key Raw materials


Natural Rubber

37

Synthetic Rubber

15


32

Others 16

39


40












149 144133

121133

126118

109

129 133153

164175 201

198 200

00

50

100

150

200

250

0

20

40

60

80

100

120

140

160






60

80

100

120

140

160

180

200

220

240


(`kg)



September 2016






Price Trend

299

054

514656

1205

1768

0

2

4

6

8

10

12

14

16

18

20

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

Increased

intrinsic value

of shares has

enhanced

Investor

Wealth

EPS ( in `)

41

Promoter5234

FII1216

DII007

Others3543


42

CHALLENGES STRATEGY












tyre companies

43

CHALLENGES STRATEGY


Prices







Industry Demand


Particulars 2004-05 2011-12 2012-13 2013-14 2014-15 2015-16 2017-18

(Expected)

2020-21

(Expected)

TruckBus 15 186 222 264 327 435 600 774

Pass Cars 86 985 981 982 984 988 990 993

April-March


44

1

24

57 7391

110

131

1532

00

4-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

est

ic D

em

and

(Lac

No

s)

Truck Bus Radial

95

287334 365

407460

523600

20

04-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

esti

c D

eman

d

(Lac

No

s)


45




811

17 1922

2633

44 53

6067

72

6

25

34 34

42

51

61

7278

8184 86

0

10

20

30

40

50

60

70

80

90

2008-0

9

2009-1

0

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

2016-1

7

2017-1

8

2018-1

9

2019-2

0

Radialisation ()

Domestic OEM

Actual

Expected

Outlook

Outlook

46












47




tyres PCR OTRFarm


Q3Q4 FY 17

Outlook

48


2

1

3

4

5

Brand

Building

Channel

Expansion

Ramp D

Capability

Service as

differentiator

Continuous

Improvement in

Profitability




Institute








and karting


49

Thank You




EQUITY

` 50 Crs

DEBT

` 1470 Crs



Co(s) 36

CIL

` 2170 crs



26

Networth(50+650)


Combined Facility

12 Tyre Plants

India -9






Mexico -3

bull Azcapotzalco

bull Tultitlan

bull Hidalgo

Capacity

In Mexico City

27

Lac Nos pa


India

Tornel

Mexico

Total -

India amp

Mexico

1 Truck Bias 2318 1757 4075 638 4713

2 Truck Radial 2265 1199 3464 3464

Total Truck 4583 2956 7539 638 8177


4 23 Wheeler 6302 6302 6302


amp OTR)

2227 748 2975 2485 5460

6 Total 16695 10006 26701 8323 35024

7 Tons per day (TPD) 1143 627 1770 340 2110

TPD to Total 54 30 84 16 100

Particulars







PBIDT 491 537 757 621


PBDT 360 416 545 494

PBT 263 325 296 354

PAT 183 221 200 233



30092016 `crs

28


30092016

29

`crs

Standalone

Particulars



31032016 (Audited)

31032015 (Audited)



PBIDT 229 272 1006 766


PBDT 163 215 777 526

PBT 117 164 590 377

PAT 82 113 401 253



30092016

30

`crs

Consolidated

Particulars

30092016

(Unaudited

30092015

(Unaudited

31032016

(Audited)

31032015

(Audited)



PBIDT 394 317 1158 948


PBDT 283 256 913 690

PBT 148 173 669 486

PAT 100 116 464 330


31

The Product Range



31






market

32




(EBITDA Margin 171)






PBT 590 669

up by 57 up by 38

PAT 401 464

up by 58 up by 41


TBR 1465 800 2265

PCRLTR 8110 1775 9885



153 172

420283

500671

766

1006

0

200

400

600

800

1000

1200

20

03

-04

20

05

-06

20

09

-10

20

11

-12

20

12

-13

20

13

-14

20

14

-15

20

15

-16

EBITDA ndash ` Crs

` Crs


310316 310314 310316 310314








33


bull TBR ndash 20






bull Supply Chain

bull Dealer Portal

bull Selling Online

34


New products

launched

40 2011-12

62 2012-13

65 2013-14

63 2014-15

121 2015-16


38624086

5228

3100

3600

4100

4600

5100

310314 310315 310316



2013-14 60

2014-15 50

2015-16 53

477410

318

262218

168

138 130 106000

100

200

300

400

500

600

31314 310315 310316

Ratios

TOLEquity

Total Debt Equity


843 1091 1417

17672079

2252

2504

27132684

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


Current Liabilities



35


4676 4828

6063

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


430

370295

230193

153

113 107 089000

100

200

300

400

500

31314 31315 310316

Ratios

TOLEquity

Total Debt Equity


1092 1401 1748

19182234

2379

30283269

3217

0

1000

2000

3000

4000

5000

6000

7000

8000

310314 310315 310316


Current Liabilities



36



By Product Line

Truck 67

Light Truck 12

PCR 15


2

Replacement 56

Exports 9

OEMs 35

37



Truck amp Bus Tyres

Passenger Car Tyres

(Nos)

Truck Radial Tyres

Replacement 54

Exports 11

OEMs 35

Replacement 38

Exports 9

OEMs 53

Replacement 40

Exports 8

OEMs52

38

Key Raw materials


Natural Rubber

37

Synthetic Rubber

15


32

Others 16

39


40












149 144133

121133

126118

109

129 133153

164175 201

198 200

00

50

100

150

200

250

0

20

40

60

80

100

120

140

160






60

80

100

120

140

160

180

200

220

240


(`kg)



September 2016






Price Trend

299

054

514656

1205

1768

0

2

4

6

8

10

12

14

16

18

20

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

Increased

intrinsic value

of shares has

enhanced

Investor

Wealth

EPS ( in `)

41

Promoter5234

FII1216

DII007

Others3543


42

CHALLENGES STRATEGY












tyre companies

43

CHALLENGES STRATEGY


Prices







Industry Demand


Particulars 2004-05 2011-12 2012-13 2013-14 2014-15 2015-16 2017-18

(Expected)

2020-21

(Expected)

TruckBus 15 186 222 264 327 435 600 774

Pass Cars 86 985 981 982 984 988 990 993

April-March


44

1

24

57 7391

110

131

1532

00

4-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

est

ic D

em

and

(Lac

No

s)

Truck Bus Radial

95

287334 365

407460

523600

20

04-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

esti

c D

eman

d

(Lac

No

s)


45




811

17 1922

2633

44 53

6067

72

6

25

34 34

42

51

61

7278

8184 86

0

10

20

30

40

50

60

70

80

90

2008-0

9

2009-1

0

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

2016-1

7

2017-1

8

2018-1

9

2019-2

0

Radialisation ()

Domestic OEM

Actual

Expected

Outlook

Outlook

46












47




tyres PCR OTRFarm


Q3Q4 FY 17

Outlook

48


2

1

3

4

5

Brand

Building

Channel

Expansion

Ramp D

Capability

Service as

differentiator

Continuous

Improvement in

Profitability




Institute








and karting


49

Thank You

Combined Facility

12 Tyre Plants

India -9






Mexico -3

bull Azcapotzalco

bull Tultitlan

bull Hidalgo

Capacity

In Mexico City

27

Lac Nos pa


India

Tornel

Mexico

Total -

India amp

Mexico

1 Truck Bias 2318 1757 4075 638 4713

2 Truck Radial 2265 1199 3464 3464

Total Truck 4583 2956 7539 638 8177


4 23 Wheeler 6302 6302 6302


amp OTR)

2227 748 2975 2485 5460

6 Total 16695 10006 26701 8323 35024

7 Tons per day (TPD) 1143 627 1770 340 2110

TPD to Total 54 30 84 16 100

Particulars







PBIDT 491 537 757 621


PBDT 360 416 545 494

PBT 263 325 296 354

PAT 183 221 200 233



30092016 `crs

28


30092016

29

`crs

Standalone

Particulars



31032016 (Audited)

31032015 (Audited)



PBIDT 229 272 1006 766


PBDT 163 215 777 526

PBT 117 164 590 377

PAT 82 113 401 253



30092016

30

`crs

Consolidated

Particulars

30092016

(Unaudited

30092015

(Unaudited

31032016

(Audited)

31032015

(Audited)



PBIDT 394 317 1158 948


PBDT 283 256 913 690

PBT 148 173 669 486

PAT 100 116 464 330


31

The Product Range



31






market

32




(EBITDA Margin 171)






PBT 590 669

up by 57 up by 38

PAT 401 464

up by 58 up by 41


TBR 1465 800 2265

PCRLTR 8110 1775 9885



153 172

420283

500671

766

1006

0

200

400

600

800

1000

1200

20

03

-04

20

05

-06

20

09

-10

20

11

-12

20

12

-13

20

13

-14

20

14

-15

20

15

-16

EBITDA ndash ` Crs

` Crs


310316 310314 310316 310314








33


bull TBR ndash 20






bull Supply Chain

bull Dealer Portal

bull Selling Online

34


New products

launched

40 2011-12

62 2012-13

65 2013-14

63 2014-15

121 2015-16


38624086

5228

3100

3600

4100

4600

5100

310314 310315 310316



2013-14 60

2014-15 50

2015-16 53

477410

318

262218

168

138 130 106000

100

200

300

400

500

600

31314 310315 310316

Ratios

TOLEquity

Total Debt Equity


843 1091 1417

17672079

2252

2504

27132684

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


Current Liabilities



35


4676 4828

6063

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


430

370295

230193

153

113 107 089000

100

200

300

400

500

31314 31315 310316

Ratios

TOLEquity

Total Debt Equity


1092 1401 1748

19182234

2379

30283269

3217

0

1000

2000

3000

4000

5000

6000

7000

8000

310314 310315 310316


Current Liabilities



36



By Product Line

Truck 67

Light Truck 12

PCR 15


2

Replacement 56

Exports 9

OEMs 35

37



Truck amp Bus Tyres

Passenger Car Tyres

(Nos)

Truck Radial Tyres

Replacement 54

Exports 11

OEMs 35

Replacement 38

Exports 9

OEMs 53

Replacement 40

Exports 8

OEMs52

38

Key Raw materials


Natural Rubber

37

Synthetic Rubber

15


32

Others 16

39


40












149 144133

121133

126118

109

129 133153

164175 201

198 200

00

50

100

150

200

250

0

20

40

60

80

100

120

140

160






60

80

100

120

140

160

180

200

220

240


(`kg)



September 2016






Price Trend

299

054

514656

1205

1768

0

2

4

6

8

10

12

14

16

18

20

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

Increased

intrinsic value

of shares has

enhanced

Investor

Wealth

EPS ( in `)

41

Promoter5234

FII1216

DII007

Others3543


42

CHALLENGES STRATEGY












tyre companies

43

CHALLENGES STRATEGY


Prices







Industry Demand


Particulars 2004-05 2011-12 2012-13 2013-14 2014-15 2015-16 2017-18

(Expected)

2020-21

(Expected)

TruckBus 15 186 222 264 327 435 600 774

Pass Cars 86 985 981 982 984 988 990 993

April-March


44

1

24

57 7391

110

131

1532

00

4-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

est

ic D

em

and

(Lac

No

s)

Truck Bus Radial

95

287334 365

407460

523600

20

04-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

esti

c D

eman

d

(Lac

No

s)


45




811

17 1922

2633

44 53

6067

72

6

25

34 34

42

51

61

7278

8184 86

0

10

20

30

40

50

60

70

80

90

2008-0

9

2009-1

0

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

2016-1

7

2017-1

8

2018-1

9

2019-2

0

Radialisation ()

Domestic OEM

Actual

Expected

Outlook

Outlook

46












47




tyres PCR OTRFarm


Q3Q4 FY 17

Outlook

48


2

1

3

4

5

Brand

Building

Channel

Expansion

Ramp D

Capability

Service as

differentiator

Continuous

Improvement in

Profitability




Institute








and karting


49

Thank You

Particulars







PBIDT 491 537 757 621


PBDT 360 416 545 494

PBT 263 325 296 354

PAT 183 221 200 233



30092016 `crs

28


30092016

29

`crs

Standalone

Particulars



31032016 (Audited)

31032015 (Audited)



PBIDT 229 272 1006 766


PBDT 163 215 777 526

PBT 117 164 590 377

PAT 82 113 401 253



30092016

30

`crs

Consolidated

Particulars

30092016

(Unaudited

30092015

(Unaudited

31032016

(Audited)

31032015

(Audited)



PBIDT 394 317 1158 948


PBDT 283 256 913 690

PBT 148 173 669 486

PAT 100 116 464 330


31

The Product Range



31






market

32




(EBITDA Margin 171)






PBT 590 669

up by 57 up by 38

PAT 401 464

up by 58 up by 41


TBR 1465 800 2265

PCRLTR 8110 1775 9885



153 172

420283

500671

766

1006

0

200

400

600

800

1000

1200

20

03

-04

20

05

-06

20

09

-10

20

11

-12

20

12

-13

20

13

-14

20

14

-15

20

15

-16

EBITDA ndash ` Crs

` Crs


310316 310314 310316 310314








33


bull TBR ndash 20






bull Supply Chain

bull Dealer Portal

bull Selling Online

34


New products

launched

40 2011-12

62 2012-13

65 2013-14

63 2014-15

121 2015-16


38624086

5228

3100

3600

4100

4600

5100

310314 310315 310316



2013-14 60

2014-15 50

2015-16 53

477410

318

262218

168

138 130 106000

100

200

300

400

500

600

31314 310315 310316

Ratios

TOLEquity

Total Debt Equity


843 1091 1417

17672079

2252

2504

27132684

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


Current Liabilities



35


4676 4828

6063

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


430

370295

230193

153

113 107 089000

100

200

300

400

500

31314 31315 310316

Ratios

TOLEquity

Total Debt Equity


1092 1401 1748

19182234

2379

30283269

3217

0

1000

2000

3000

4000

5000

6000

7000

8000

310314 310315 310316


Current Liabilities



36



By Product Line

Truck 67

Light Truck 12

PCR 15


2

Replacement 56

Exports 9

OEMs 35

37



Truck amp Bus Tyres

Passenger Car Tyres

(Nos)

Truck Radial Tyres

Replacement 54

Exports 11

OEMs 35

Replacement 38

Exports 9

OEMs 53

Replacement 40

Exports 8

OEMs52

38

Key Raw materials


Natural Rubber

37

Synthetic Rubber

15


32

Others 16

39


40












149 144133

121133

126118

109

129 133153

164175 201

198 200

00

50

100

150

200

250

0

20

40

60

80

100

120

140

160






60

80

100

120

140

160

180

200

220

240


(`kg)



September 2016






Price Trend

299

054

514656

1205

1768

0

2

4

6

8

10

12

14

16

18

20

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

Increased

intrinsic value

of shares has

enhanced

Investor

Wealth

EPS ( in `)

41

Promoter5234

FII1216

DII007

Others3543


42

CHALLENGES STRATEGY












tyre companies

43

CHALLENGES STRATEGY


Prices







Industry Demand


Particulars 2004-05 2011-12 2012-13 2013-14 2014-15 2015-16 2017-18

(Expected)

2020-21

(Expected)

TruckBus 15 186 222 264 327 435 600 774

Pass Cars 86 985 981 982 984 988 990 993

April-March


44

1

24

57 7391

110

131

1532

00

4-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

est

ic D

em

and

(Lac

No

s)

Truck Bus Radial

95

287334 365

407460

523600

20

04-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

esti

c D

eman

d

(Lac

No

s)


45




811

17 1922

2633

44 53

6067

72

6

25

34 34

42

51

61

7278

8184 86

0

10

20

30

40

50

60

70

80

90

2008-0

9

2009-1

0

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

2016-1

7

2017-1

8

2018-1

9

2019-2

0

Radialisation ()

Domestic OEM

Actual

Expected

Outlook

Outlook

46












47




tyres PCR OTRFarm


Q3Q4 FY 17

Outlook

48


2

1

3

4

5

Brand

Building

Channel

Expansion

Ramp D

Capability

Service as

differentiator

Continuous

Improvement in

Profitability




Institute








and karting


49

Thank You


30092016

29

`crs

Standalone

Particulars



31032016 (Audited)

31032015 (Audited)



PBIDT 229 272 1006 766


PBDT 163 215 777 526

PBT 117 164 590 377

PAT 82 113 401 253



30092016

30

`crs

Consolidated

Particulars

30092016

(Unaudited

30092015

(Unaudited

31032016

(Audited)

31032015

(Audited)



PBIDT 394 317 1158 948


PBDT 283 256 913 690

PBT 148 173 669 486

PAT 100 116 464 330


31

The Product Range



31






market

32




(EBITDA Margin 171)






PBT 590 669

up by 57 up by 38

PAT 401 464

up by 58 up by 41


TBR 1465 800 2265

PCRLTR 8110 1775 9885



153 172

420283

500671

766

1006

0

200

400

600

800

1000

1200

20

03

-04

20

05

-06

20

09

-10

20

11

-12

20

12

-13

20

13

-14

20

14

-15

20

15

-16

EBITDA ndash ` Crs

` Crs


310316 310314 310316 310314








33


bull TBR ndash 20






bull Supply Chain

bull Dealer Portal

bull Selling Online

34


New products

launched

40 2011-12

62 2012-13

65 2013-14

63 2014-15

121 2015-16


38624086

5228

3100

3600

4100

4600

5100

310314 310315 310316



2013-14 60

2014-15 50

2015-16 53

477410

318

262218

168

138 130 106000

100

200

300

400

500

600

31314 310315 310316

Ratios

TOLEquity

Total Debt Equity


843 1091 1417

17672079

2252

2504

27132684

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


Current Liabilities



35


4676 4828

6063

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


430

370295

230193

153

113 107 089000

100

200

300

400

500

31314 31315 310316

Ratios

TOLEquity

Total Debt Equity


1092 1401 1748

19182234

2379

30283269

3217

0

1000

2000

3000

4000

5000

6000

7000

8000

310314 310315 310316


Current Liabilities



36



By Product Line

Truck 67

Light Truck 12

PCR 15


2

Replacement 56

Exports 9

OEMs 35

37



Truck amp Bus Tyres

Passenger Car Tyres

(Nos)

Truck Radial Tyres

Replacement 54

Exports 11

OEMs 35

Replacement 38

Exports 9

OEMs 53

Replacement 40

Exports 8

OEMs52

38

Key Raw materials


Natural Rubber

37

Synthetic Rubber

15


32

Others 16

39


40












149 144133

121133

126118

109

129 133153

164175 201

198 200

00

50

100

150

200

250

0

20

40

60

80

100

120

140

160






60

80

100

120

140

160

180

200

220

240


(`kg)



September 2016






Price Trend

299

054

514656

1205

1768

0

2

4

6

8

10

12

14

16

18

20

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

Increased

intrinsic value

of shares has

enhanced

Investor

Wealth

EPS ( in `)

41

Promoter5234

FII1216

DII007

Others3543


42

CHALLENGES STRATEGY












tyre companies

43

CHALLENGES STRATEGY


Prices







Industry Demand


Particulars 2004-05 2011-12 2012-13 2013-14 2014-15 2015-16 2017-18

(Expected)

2020-21

(Expected)

TruckBus 15 186 222 264 327 435 600 774

Pass Cars 86 985 981 982 984 988 990 993

April-March


44

1

24

57 7391

110

131

1532

00

4-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

est

ic D

em

and

(Lac

No

s)

Truck Bus Radial

95

287334 365

407460

523600

20

04-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

esti

c D

eman

d

(Lac

No

s)


45




811

17 1922

2633

44 53

6067

72

6

25

34 34

42

51

61

7278

8184 86

0

10

20

30

40

50

60

70

80

90

2008-0

9

2009-1

0

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

2016-1

7

2017-1

8

2018-1

9

2019-2

0

Radialisation ()

Domestic OEM

Actual

Expected

Outlook

Outlook

46












47




tyres PCR OTRFarm


Q3Q4 FY 17

Outlook

48


2

1

3

4

5

Brand

Building

Channel

Expansion

Ramp D

Capability

Service as

differentiator

Continuous

Improvement in

Profitability




Institute








and karting


49

Thank You


30092016

30

`crs

Consolidated

Particulars

30092016

(Unaudited

30092015

(Unaudited

31032016

(Audited)

31032015

(Audited)



PBIDT 394 317 1158 948


PBDT 283 256 913 690

PBT 148 173 669 486

PAT 100 116 464 330


31

The Product Range



31






market

32




(EBITDA Margin 171)






PBT 590 669

up by 57 up by 38

PAT 401 464

up by 58 up by 41


TBR 1465 800 2265

PCRLTR 8110 1775 9885



153 172

420283

500671

766

1006

0

200

400

600

800

1000

1200

20

03

-04

20

05

-06

20

09

-10

20

11

-12

20

12

-13

20

13

-14

20

14

-15

20

15

-16

EBITDA ndash ` Crs

` Crs


310316 310314 310316 310314








33


bull TBR ndash 20






bull Supply Chain

bull Dealer Portal

bull Selling Online

34


New products

launched

40 2011-12

62 2012-13

65 2013-14

63 2014-15

121 2015-16


38624086

5228

3100

3600

4100

4600

5100

310314 310315 310316



2013-14 60

2014-15 50

2015-16 53

477410

318

262218

168

138 130 106000

100

200

300

400

500

600

31314 310315 310316

Ratios

TOLEquity

Total Debt Equity


843 1091 1417

17672079

2252

2504

27132684

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


Current Liabilities



35


4676 4828

6063

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


430

370295

230193

153

113 107 089000

100

200

300

400

500

31314 31315 310316

Ratios

TOLEquity

Total Debt Equity


1092 1401 1748

19182234

2379

30283269

3217

0

1000

2000

3000

4000

5000

6000

7000

8000

310314 310315 310316


Current Liabilities



36



By Product Line

Truck 67

Light Truck 12

PCR 15


2

Replacement 56

Exports 9

OEMs 35

37



Truck amp Bus Tyres

Passenger Car Tyres

(Nos)

Truck Radial Tyres

Replacement 54

Exports 11

OEMs 35

Replacement 38

Exports 9

OEMs 53

Replacement 40

Exports 8

OEMs52

38

Key Raw materials


Natural Rubber

37

Synthetic Rubber

15


32

Others 16

39


40












149 144133

121133

126118

109

129 133153

164175 201

198 200

00

50

100

150

200

250

0

20

40

60

80

100

120

140

160






60

80

100

120

140

160

180

200

220

240


(`kg)



September 2016






Price Trend

299

054

514656

1205

1768

0

2

4

6

8

10

12

14

16

18

20

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

Increased

intrinsic value

of shares has

enhanced

Investor

Wealth

EPS ( in `)

41

Promoter5234

FII1216

DII007

Others3543


42

CHALLENGES STRATEGY












tyre companies

43

CHALLENGES STRATEGY


Prices







Industry Demand


Particulars 2004-05 2011-12 2012-13 2013-14 2014-15 2015-16 2017-18

(Expected)

2020-21

(Expected)

TruckBus 15 186 222 264 327 435 600 774

Pass Cars 86 985 981 982 984 988 990 993

April-March


44

1

24

57 7391

110

131

1532

00

4-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

est

ic D

em

and

(Lac

No

s)

Truck Bus Radial

95

287334 365

407460

523600

20

04-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

esti

c D

eman

d

(Lac

No

s)


45




811

17 1922

2633

44 53

6067

72

6

25

34 34

42

51

61

7278

8184 86

0

10

20

30

40

50

60

70

80

90

2008-0

9

2009-1

0

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

2016-1

7

2017-1

8

2018-1

9

2019-2

0

Radialisation ()

Domestic OEM

Actual

Expected

Outlook

Outlook

46












47




tyres PCR OTRFarm


Q3Q4 FY 17

Outlook

48


2

1

3

4

5

Brand

Building

Channel

Expansion

Ramp D

Capability

Service as

differentiator

Continuous

Improvement in

Profitability




Institute








and karting


49

Thank You

31

The Product Range



31






market

32




(EBITDA Margin 171)






PBT 590 669

up by 57 up by 38

PAT 401 464

up by 58 up by 41


TBR 1465 800 2265

PCRLTR 8110 1775 9885



153 172

420283

500671

766

1006

0

200

400

600

800

1000

1200

20

03

-04

20

05

-06

20

09

-10

20

11

-12

20

12

-13

20

13

-14

20

14

-15

20

15

-16

EBITDA ndash ` Crs

` Crs


310316 310314 310316 310314








33


bull TBR ndash 20






bull Supply Chain

bull Dealer Portal

bull Selling Online

34


New products

launched

40 2011-12

62 2012-13

65 2013-14

63 2014-15

121 2015-16


38624086

5228

3100

3600

4100

4600

5100

310314 310315 310316



2013-14 60

2014-15 50

2015-16 53

477410

318

262218

168

138 130 106000

100

200

300

400

500

600

31314 310315 310316

Ratios

TOLEquity

Total Debt Equity


843 1091 1417

17672079

2252

2504

27132684

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


Current Liabilities



35


4676 4828

6063

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


430

370295

230193

153

113 107 089000

100

200

300

400

500

31314 31315 310316

Ratios

TOLEquity

Total Debt Equity


1092 1401 1748

19182234

2379

30283269

3217

0

1000

2000

3000

4000

5000

6000

7000

8000

310314 310315 310316


Current Liabilities



36



By Product Line

Truck 67

Light Truck 12

PCR 15


2

Replacement 56

Exports 9

OEMs 35

37



Truck amp Bus Tyres

Passenger Car Tyres

(Nos)

Truck Radial Tyres

Replacement 54

Exports 11

OEMs 35

Replacement 38

Exports 9

OEMs 53

Replacement 40

Exports 8

OEMs52

38

Key Raw materials


Natural Rubber

37

Synthetic Rubber

15


32

Others 16

39


40












149 144133

121133

126118

109

129 133153

164175 201

198 200

00

50

100

150

200

250

0

20

40

60

80

100

120

140

160






60

80

100

120

140

160

180

200

220

240


(`kg)



September 2016






Price Trend

299

054

514656

1205

1768

0

2

4

6

8

10

12

14

16

18

20

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

Increased

intrinsic value

of shares has

enhanced

Investor

Wealth

EPS ( in `)

41

Promoter5234

FII1216

DII007

Others3543


42

CHALLENGES STRATEGY












tyre companies

43

CHALLENGES STRATEGY


Prices







Industry Demand


Particulars 2004-05 2011-12 2012-13 2013-14 2014-15 2015-16 2017-18

(Expected)

2020-21

(Expected)

TruckBus 15 186 222 264 327 435 600 774

Pass Cars 86 985 981 982 984 988 990 993

April-March


44

1

24

57 7391

110

131

1532

00

4-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

est

ic D

em

and

(Lac

No

s)

Truck Bus Radial

95

287334 365

407460

523600

20

04-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

esti

c D

eman

d

(Lac

No

s)


45




811

17 1922

2633

44 53

6067

72

6

25

34 34

42

51

61

7278

8184 86

0

10

20

30

40

50

60

70

80

90

2008-0

9

2009-1

0

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

2016-1

7

2017-1

8

2018-1

9

2019-2

0

Radialisation ()

Domestic OEM

Actual

Expected

Outlook

Outlook

46












47




tyres PCR OTRFarm


Q3Q4 FY 17

Outlook

48


2

1

3

4

5

Brand

Building

Channel

Expansion

Ramp D

Capability

Service as

differentiator

Continuous

Improvement in

Profitability




Institute








and karting


49

Thank You






market

32




(EBITDA Margin 171)






PBT 590 669

up by 57 up by 38

PAT 401 464

up by 58 up by 41


TBR 1465 800 2265

PCRLTR 8110 1775 9885



153 172

420283

500671

766

1006

0

200

400

600

800

1000

1200

20

03

-04

20

05

-06

20

09

-10

20

11

-12

20

12

-13

20

13

-14

20

14

-15

20

15

-16

EBITDA ndash ` Crs

` Crs


310316 310314 310316 310314








33


bull TBR ndash 20






bull Supply Chain

bull Dealer Portal

bull Selling Online

34


New products

launched

40 2011-12

62 2012-13

65 2013-14

63 2014-15

121 2015-16


38624086

5228

3100

3600

4100

4600

5100

310314 310315 310316



2013-14 60

2014-15 50

2015-16 53

477410

318

262218

168

138 130 106000

100

200

300

400

500

600

31314 310315 310316

Ratios

TOLEquity

Total Debt Equity


843 1091 1417

17672079

2252

2504

27132684

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


Current Liabilities



35


4676 4828

6063

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


430

370295

230193

153

113 107 089000

100

200

300

400

500

31314 31315 310316

Ratios

TOLEquity

Total Debt Equity


1092 1401 1748

19182234

2379

30283269

3217

0

1000

2000

3000

4000

5000

6000

7000

8000

310314 310315 310316


Current Liabilities



36



By Product Line

Truck 67

Light Truck 12

PCR 15


2

Replacement 56

Exports 9

OEMs 35

37



Truck amp Bus Tyres

Passenger Car Tyres

(Nos)

Truck Radial Tyres

Replacement 54

Exports 11

OEMs 35

Replacement 38

Exports 9

OEMs 53

Replacement 40

Exports 8

OEMs52

38

Key Raw materials


Natural Rubber

37

Synthetic Rubber

15


32

Others 16

39


40












149 144133

121133

126118

109

129 133153

164175 201

198 200

00

50

100

150

200

250

0

20

40

60

80

100

120

140

160






60

80

100

120

140

160

180

200

220

240


(`kg)



September 2016






Price Trend

299

054

514656

1205

1768

0

2

4

6

8

10

12

14

16

18

20

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

Increased

intrinsic value

of shares has

enhanced

Investor

Wealth

EPS ( in `)

41

Promoter5234

FII1216

DII007

Others3543


42

CHALLENGES STRATEGY












tyre companies

43

CHALLENGES STRATEGY


Prices







Industry Demand


Particulars 2004-05 2011-12 2012-13 2013-14 2014-15 2015-16 2017-18

(Expected)

2020-21

(Expected)

TruckBus 15 186 222 264 327 435 600 774

Pass Cars 86 985 981 982 984 988 990 993

April-March


44

1

24

57 7391

110

131

1532

00

4-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

est

ic D

em

and

(Lac

No

s)

Truck Bus Radial

95

287334 365

407460

523600

20

04-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

esti

c D

eman

d

(Lac

No

s)


45




811

17 1922

2633

44 53

6067

72

6

25

34 34

42

51

61

7278

8184 86

0

10

20

30

40

50

60

70

80

90

2008-0

9

2009-1

0

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

2016-1

7

2017-1

8

2018-1

9

2019-2

0

Radialisation ()

Domestic OEM

Actual

Expected

Outlook

Outlook

46












47




tyres PCR OTRFarm


Q3Q4 FY 17

Outlook

48


2

1

3

4

5

Brand

Building

Channel

Expansion

Ramp D

Capability

Service as

differentiator

Continuous

Improvement in

Profitability




Institute








and karting


49

Thank You




(EBITDA Margin 171)






PBT 590 669

up by 57 up by 38

PAT 401 464

up by 58 up by 41


TBR 1465 800 2265

PCRLTR 8110 1775 9885



153 172

420283

500671

766

1006

0

200

400

600

800

1000

1200

20

03

-04

20

05

-06

20

09

-10

20

11

-12

20

12

-13

20

13

-14

20

14

-15

20

15

-16

EBITDA ndash ` Crs

` Crs


310316 310314 310316 310314








33


bull TBR ndash 20






bull Supply Chain

bull Dealer Portal

bull Selling Online

34


New products

launched

40 2011-12

62 2012-13

65 2013-14

63 2014-15

121 2015-16


38624086

5228

3100

3600

4100

4600

5100

310314 310315 310316



2013-14 60

2014-15 50

2015-16 53

477410

318

262218

168

138 130 106000

100

200

300

400

500

600

31314 310315 310316

Ratios

TOLEquity

Total Debt Equity


843 1091 1417

17672079

2252

2504

27132684

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


Current Liabilities



35


4676 4828

6063

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


430

370295

230193

153

113 107 089000

100

200

300

400

500

31314 31315 310316

Ratios

TOLEquity

Total Debt Equity


1092 1401 1748

19182234

2379

30283269

3217

0

1000

2000

3000

4000

5000

6000

7000

8000

310314 310315 310316


Current Liabilities



36



By Product Line

Truck 67

Light Truck 12

PCR 15


2

Replacement 56

Exports 9

OEMs 35

37



Truck amp Bus Tyres

Passenger Car Tyres

(Nos)

Truck Radial Tyres

Replacement 54

Exports 11

OEMs 35

Replacement 38

Exports 9

OEMs 53

Replacement 40

Exports 8

OEMs52

38

Key Raw materials


Natural Rubber

37

Synthetic Rubber

15


32

Others 16

39


40












149 144133

121133

126118

109

129 133153

164175 201

198 200

00

50

100

150

200

250

0

20

40

60

80

100

120

140

160






60

80

100

120

140

160

180

200

220

240


(`kg)



September 2016






Price Trend

299

054

514656

1205

1768

0

2

4

6

8

10

12

14

16

18

20

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

Increased

intrinsic value

of shares has

enhanced

Investor

Wealth

EPS ( in `)

41

Promoter5234

FII1216

DII007

Others3543


42

CHALLENGES STRATEGY












tyre companies

43

CHALLENGES STRATEGY


Prices







Industry Demand


Particulars 2004-05 2011-12 2012-13 2013-14 2014-15 2015-16 2017-18

(Expected)

2020-21

(Expected)

TruckBus 15 186 222 264 327 435 600 774

Pass Cars 86 985 981 982 984 988 990 993

April-March


44

1

24

57 7391

110

131

1532

00

4-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

est

ic D

em

and

(Lac

No

s)

Truck Bus Radial

95

287334 365

407460

523600

20

04-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

esti

c D

eman

d

(Lac

No

s)


45




811

17 1922

2633

44 53

6067

72

6

25

34 34

42

51

61

7278

8184 86

0

10

20

30

40

50

60

70

80

90

2008-0

9

2009-1

0

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

2016-1

7

2017-1

8

2018-1

9

2019-2

0

Radialisation ()

Domestic OEM

Actual

Expected

Outlook

Outlook

46












47




tyres PCR OTRFarm


Q3Q4 FY 17

Outlook

48


2

1

3

4

5

Brand

Building

Channel

Expansion

Ramp D

Capability

Service as

differentiator

Continuous

Improvement in

Profitability




Institute








and karting


49

Thank You


bull TBR ndash 20






bull Supply Chain

bull Dealer Portal

bull Selling Online

34


New products

launched

40 2011-12

62 2012-13

65 2013-14

63 2014-15

121 2015-16


38624086

5228

3100

3600

4100

4600

5100

310314 310315 310316



2013-14 60

2014-15 50

2015-16 53

477410

318

262218

168

138 130 106000

100

200

300

400

500

600

31314 310315 310316

Ratios

TOLEquity

Total Debt Equity


843 1091 1417

17672079

2252

2504

27132684

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


Current Liabilities



35


4676 4828

6063

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


430

370295

230193

153

113 107 089000

100

200

300

400

500

31314 31315 310316

Ratios

TOLEquity

Total Debt Equity


1092 1401 1748

19182234

2379

30283269

3217

0

1000

2000

3000

4000

5000

6000

7000

8000

310314 310315 310316


Current Liabilities



36



By Product Line

Truck 67

Light Truck 12

PCR 15


2

Replacement 56

Exports 9

OEMs 35

37



Truck amp Bus Tyres

Passenger Car Tyres

(Nos)

Truck Radial Tyres

Replacement 54

Exports 11

OEMs 35

Replacement 38

Exports 9

OEMs 53

Replacement 40

Exports 8

OEMs52

38

Key Raw materials


Natural Rubber

37

Synthetic Rubber

15


32

Others 16

39


40












149 144133

121133

126118

109

129 133153

164175 201

198 200

00

50

100

150

200

250

0

20

40

60

80

100

120

140

160






60

80

100

120

140

160

180

200

220

240


(`kg)



September 2016






Price Trend

299

054

514656

1205

1768

0

2

4

6

8

10

12

14

16

18

20

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

Increased

intrinsic value

of shares has

enhanced

Investor

Wealth

EPS ( in `)

41

Promoter5234

FII1216

DII007

Others3543


42

CHALLENGES STRATEGY












tyre companies

43

CHALLENGES STRATEGY


Prices







Industry Demand


Particulars 2004-05 2011-12 2012-13 2013-14 2014-15 2015-16 2017-18

(Expected)

2020-21

(Expected)

TruckBus 15 186 222 264 327 435 600 774

Pass Cars 86 985 981 982 984 988 990 993

April-March


44

1

24

57 7391

110

131

1532

00

4-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

est

ic D

em

and

(Lac

No

s)

Truck Bus Radial

95

287334 365

407460

523600

20

04-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

esti

c D

eman

d

(Lac

No

s)


45




811

17 1922

2633

44 53

6067

72

6

25

34 34

42

51

61

7278

8184 86

0

10

20

30

40

50

60

70

80

90

2008-0

9

2009-1

0

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

2016-1

7

2017-1

8

2018-1

9

2019-2

0

Radialisation ()

Domestic OEM

Actual

Expected

Outlook

Outlook

46












47




tyres PCR OTRFarm


Q3Q4 FY 17

Outlook

48


2

1

3

4

5

Brand

Building

Channel

Expansion

Ramp D

Capability

Service as

differentiator

Continuous

Improvement in

Profitability




Institute








and karting


49

Thank You


38624086

5228

3100

3600

4100

4600

5100

310314 310315 310316



2013-14 60

2014-15 50

2015-16 53

477410

318

262218

168

138 130 106000

100

200

300

400

500

600

31314 310315 310316

Ratios

TOLEquity

Total Debt Equity


843 1091 1417

17672079

2252

2504

27132684

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


Current Liabilities



35


4676 4828

6063

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


430

370295

230193

153

113 107 089000

100

200

300

400

500

31314 31315 310316

Ratios

TOLEquity

Total Debt Equity


1092 1401 1748

19182234

2379

30283269

3217

0

1000

2000

3000

4000

5000

6000

7000

8000

310314 310315 310316


Current Liabilities



36



By Product Line

Truck 67

Light Truck 12

PCR 15


2

Replacement 56

Exports 9

OEMs 35

37



Truck amp Bus Tyres

Passenger Car Tyres

(Nos)

Truck Radial Tyres

Replacement 54

Exports 11

OEMs 35

Replacement 38

Exports 9

OEMs 53

Replacement 40

Exports 8

OEMs52

38

Key Raw materials


Natural Rubber

37

Synthetic Rubber

15


32

Others 16

39


40












149 144133

121133

126118

109

129 133153

164175 201

198 200

00

50

100

150

200

250

0

20

40

60

80

100

120

140

160






60

80

100

120

140

160

180

200

220

240


(`kg)



September 2016






Price Trend

299

054

514656

1205

1768

0

2

4

6

8

10

12

14

16

18

20

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

Increased

intrinsic value

of shares has

enhanced

Investor

Wealth

EPS ( in `)

41

Promoter5234

FII1216

DII007

Others3543


42

CHALLENGES STRATEGY












tyre companies

43

CHALLENGES STRATEGY


Prices







Industry Demand


Particulars 2004-05 2011-12 2012-13 2013-14 2014-15 2015-16 2017-18

(Expected)

2020-21

(Expected)

TruckBus 15 186 222 264 327 435 600 774

Pass Cars 86 985 981 982 984 988 990 993

April-March


44

1

24

57 7391

110

131

1532

00

4-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

est

ic D

em

and

(Lac

No

s)

Truck Bus Radial

95

287334 365

407460

523600

20

04-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

esti

c D

eman

d

(Lac

No

s)


45




811

17 1922

2633

44 53

6067

72

6

25

34 34

42

51

61

7278

8184 86

0

10

20

30

40

50

60

70

80

90

2008-0

9

2009-1

0

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

2016-1

7

2017-1

8

2018-1

9

2019-2

0

Radialisation ()

Domestic OEM

Actual

Expected

Outlook

Outlook

46












47




tyres PCR OTRFarm


Q3Q4 FY 17

Outlook

48


2

1

3

4

5

Brand

Building

Channel

Expansion

Ramp D

Capability

Service as

differentiator

Continuous

Improvement in

Profitability




Institute








and karting


49

Thank You


4676 4828

6063

0

1000

2000

3000

4000

5000

6000

7000

310314 310315 310316


430

370295

230193

153

113 107 089000

100

200

300

400

500

31314 31315 310316

Ratios

TOLEquity

Total Debt Equity


1092 1401 1748

19182234

2379

30283269

3217

0

1000

2000

3000

4000

5000

6000

7000

8000

310314 310315 310316


Current Liabilities



36



By Product Line

Truck 67

Light Truck 12

PCR 15


2

Replacement 56

Exports 9

OEMs 35

37



Truck amp Bus Tyres

Passenger Car Tyres

(Nos)

Truck Radial Tyres

Replacement 54

Exports 11

OEMs 35

Replacement 38

Exports 9

OEMs 53

Replacement 40

Exports 8

OEMs52

38

Key Raw materials


Natural Rubber

37

Synthetic Rubber

15


32

Others 16

39


40












149 144133

121133

126118

109

129 133153

164175 201

198 200

00

50

100

150

200

250

0

20

40

60

80

100

120

140

160






60

80

100

120

140

160

180

200

220

240


(`kg)



September 2016






Price Trend

299

054

514656

1205

1768

0

2

4

6

8

10

12

14

16

18

20

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

Increased

intrinsic value

of shares has

enhanced

Investor

Wealth

EPS ( in `)

41

Promoter5234

FII1216

DII007

Others3543


42

CHALLENGES STRATEGY












tyre companies

43

CHALLENGES STRATEGY


Prices







Industry Demand


Particulars 2004-05 2011-12 2012-13 2013-14 2014-15 2015-16 2017-18

(Expected)

2020-21

(Expected)

TruckBus 15 186 222 264 327 435 600 774

Pass Cars 86 985 981 982 984 988 990 993

April-March


44

1

24

57 7391

110

131

1532

00

4-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

est

ic D

em

and

(Lac

No

s)

Truck Bus Radial

95

287334 365

407460

523600

20

04-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

esti

c D

eman

d

(Lac

No

s)


45




811

17 1922

2633

44 53

6067

72

6

25

34 34

42

51

61

7278

8184 86

0

10

20

30

40

50

60

70

80

90

2008-0

9

2009-1

0

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

2016-1

7

2017-1

8

2018-1

9

2019-2

0

Radialisation ()

Domestic OEM

Actual

Expected

Outlook

Outlook

46












47




tyres PCR OTRFarm


Q3Q4 FY 17

Outlook

48


2

1

3

4

5

Brand

Building

Channel

Expansion

Ramp D

Capability

Service as

differentiator

Continuous

Improvement in

Profitability




Institute








and karting


49

Thank You



By Product Line

Truck 67

Light Truck 12

PCR 15


2

Replacement 56

Exports 9

OEMs 35

37



Truck amp Bus Tyres

Passenger Car Tyres

(Nos)

Truck Radial Tyres

Replacement 54

Exports 11

OEMs 35

Replacement 38

Exports 9

OEMs 53

Replacement 40

Exports 8

OEMs52

38

Key Raw materials


Natural Rubber

37

Synthetic Rubber

15


32

Others 16

39


40












149 144133

121133

126118

109

129 133153

164175 201

198 200

00

50

100

150

200

250

0

20

40

60

80

100

120

140

160






60

80

100

120

140

160

180

200

220

240


(`kg)



September 2016






Price Trend

299

054

514656

1205

1768

0

2

4

6

8

10

12

14

16

18

20

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

Increased

intrinsic value

of shares has

enhanced

Investor

Wealth

EPS ( in `)

41

Promoter5234

FII1216

DII007

Others3543


42

CHALLENGES STRATEGY












tyre companies

43

CHALLENGES STRATEGY


Prices







Industry Demand


Particulars 2004-05 2011-12 2012-13 2013-14 2014-15 2015-16 2017-18

(Expected)

2020-21

(Expected)

TruckBus 15 186 222 264 327 435 600 774

Pass Cars 86 985 981 982 984 988 990 993

April-March


44

1

24

57 7391

110

131

1532

00

4-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

est

ic D

em

and

(Lac

No

s)

Truck Bus Radial

95

287334 365

407460

523600

20

04-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

esti

c D

eman

d

(Lac

No

s)


45




811

17 1922

2633

44 53

6067

72

6

25

34 34

42

51

61

7278

8184 86

0

10

20

30

40

50

60

70

80

90

2008-0

9

2009-1

0

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

2016-1

7

2017-1

8

2018-1

9

2019-2

0

Radialisation ()

Domestic OEM

Actual

Expected

Outlook

Outlook

46












47




tyres PCR OTRFarm


Q3Q4 FY 17

Outlook

48


2

1

3

4

5

Brand

Building

Channel

Expansion

Ramp D

Capability

Service as

differentiator

Continuous

Improvement in

Profitability




Institute








and karting


49

Thank You



Truck amp Bus Tyres

Passenger Car Tyres

(Nos)

Truck Radial Tyres

Replacement 54

Exports 11

OEMs 35

Replacement 38

Exports 9

OEMs 53

Replacement 40

Exports 8

OEMs52

38

Key Raw materials


Natural Rubber

37

Synthetic Rubber

15


32

Others 16

39


40












149 144133

121133

126118

109

129 133153

164175 201

198 200

00

50

100

150

200

250

0

20

40

60

80

100

120

140

160






60

80

100

120

140

160

180

200

220

240


(`kg)



September 2016






Price Trend

299

054

514656

1205

1768

0

2

4

6

8

10

12

14

16

18

20

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

Increased

intrinsic value

of shares has

enhanced

Investor

Wealth

EPS ( in `)

41

Promoter5234

FII1216

DII007

Others3543


42

CHALLENGES STRATEGY












tyre companies

43

CHALLENGES STRATEGY


Prices







Industry Demand


Particulars 2004-05 2011-12 2012-13 2013-14 2014-15 2015-16 2017-18

(Expected)

2020-21

(Expected)

TruckBus 15 186 222 264 327 435 600 774

Pass Cars 86 985 981 982 984 988 990 993

April-March


44

1

24

57 7391

110

131

1532

00

4-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

est

ic D

em

and

(Lac

No

s)

Truck Bus Radial

95

287334 365

407460

523600

20

04-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

esti

c D

eman

d

(Lac

No

s)


45




811

17 1922

2633

44 53

6067

72

6

25

34 34

42

51

61

7278

8184 86

0

10

20

30

40

50

60

70

80

90

2008-0

9

2009-1

0

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

2016-1

7

2017-1

8

2018-1

9

2019-2

0

Radialisation ()

Domestic OEM

Actual

Expected

Outlook

Outlook

46












47




tyres PCR OTRFarm


Q3Q4 FY 17

Outlook

48


2

1

3

4

5

Brand

Building

Channel

Expansion

Ramp D

Capability

Service as

differentiator

Continuous

Improvement in

Profitability




Institute








and karting


49

Thank You

Key Raw materials


Natural Rubber

37

Synthetic Rubber

15


32

Others 16

39


40












149 144133

121133

126118

109

129 133153

164175 201

198 200

00

50

100

150

200

250

0

20

40

60

80

100

120

140

160






60

80

100

120

140

160

180

200

220

240


(`kg)



September 2016






Price Trend

299

054

514656

1205

1768

0

2

4

6

8

10

12

14

16

18

20

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

Increased

intrinsic value

of shares has

enhanced

Investor

Wealth

EPS ( in `)

41

Promoter5234

FII1216

DII007

Others3543


42

CHALLENGES STRATEGY












tyre companies

43

CHALLENGES STRATEGY


Prices







Industry Demand


Particulars 2004-05 2011-12 2012-13 2013-14 2014-15 2015-16 2017-18

(Expected)

2020-21

(Expected)

TruckBus 15 186 222 264 327 435 600 774

Pass Cars 86 985 981 982 984 988 990 993

April-March


44

1

24

57 7391

110

131

1532

00

4-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

est

ic D

em

and

(Lac

No

s)

Truck Bus Radial

95

287334 365

407460

523600

20

04-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

esti

c D

eman

d

(Lac

No

s)


45




811

17 1922

2633

44 53

6067

72

6

25

34 34

42

51

61

7278

8184 86

0

10

20

30

40

50

60

70

80

90

2008-0

9

2009-1

0

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

2016-1

7

2017-1

8

2018-1

9

2019-2

0

Radialisation ()

Domestic OEM

Actual

Expected

Outlook

Outlook

46












47




tyres PCR OTRFarm


Q3Q4 FY 17

Outlook

48


2

1

3

4

5

Brand

Building

Channel

Expansion

Ramp D

Capability

Service as

differentiator

Continuous

Improvement in

Profitability




Institute








and karting


49

Thank You

40












149 144133

121133

126118

109

129 133153

164175 201

198 200

00

50

100

150

200

250

0

20

40

60

80

100

120

140

160






60

80

100

120

140

160

180

200

220

240


(`kg)



September 2016






Price Trend

299

054

514656

1205

1768

0

2

4

6

8

10

12

14

16

18

20

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

Increased

intrinsic value

of shares has

enhanced

Investor

Wealth

EPS ( in `)

41

Promoter5234

FII1216

DII007

Others3543


42

CHALLENGES STRATEGY












tyre companies

43

CHALLENGES STRATEGY


Prices







Industry Demand


Particulars 2004-05 2011-12 2012-13 2013-14 2014-15 2015-16 2017-18

(Expected)

2020-21

(Expected)

TruckBus 15 186 222 264 327 435 600 774

Pass Cars 86 985 981 982 984 988 990 993

April-March


44

1

24

57 7391

110

131

1532

00

4-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

est

ic D

em

and

(Lac

No

s)

Truck Bus Radial

95

287334 365

407460

523600

20

04-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

esti

c D

eman

d

(Lac

No

s)


45




811

17 1922

2633

44 53

6067

72

6

25

34 34

42

51

61

7278

8184 86

0

10

20

30

40

50

60

70

80

90

2008-0

9

2009-1

0

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

2016-1

7

2017-1

8

2018-1

9

2019-2

0

Radialisation ()

Domestic OEM

Actual

Expected

Outlook

Outlook

46












47




tyres PCR OTRFarm


Q3Q4 FY 17

Outlook

48


2

1

3

4

5

Brand

Building

Channel

Expansion

Ramp D

Capability

Service as

differentiator

Continuous

Improvement in

Profitability




Institute








and karting


49

Thank You



September 2016






Price Trend

299

054

514656

1205

1768

0

2

4

6

8

10

12

14

16

18

20

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

Increased

intrinsic value

of shares has

enhanced

Investor

Wealth

EPS ( in `)

41

Promoter5234

FII1216

DII007

Others3543


42

CHALLENGES STRATEGY












tyre companies

43

CHALLENGES STRATEGY


Prices







Industry Demand


Particulars 2004-05 2011-12 2012-13 2013-14 2014-15 2015-16 2017-18

(Expected)

2020-21

(Expected)

TruckBus 15 186 222 264 327 435 600 774

Pass Cars 86 985 981 982 984 988 990 993

April-March


44

1

24

57 7391

110

131

1532

00

4-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

est

ic D

em

and

(Lac

No

s)

Truck Bus Radial

95

287334 365

407460

523600

20

04-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

esti

c D

eman

d

(Lac

No

s)


45




811

17 1922

2633

44 53

6067

72

6

25

34 34

42

51

61

7278

8184 86

0

10

20

30

40

50

60

70

80

90

2008-0

9

2009-1

0

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

2016-1

7

2017-1

8

2018-1

9

2019-2

0

Radialisation ()

Domestic OEM

Actual

Expected

Outlook

Outlook

46












47




tyres PCR OTRFarm


Q3Q4 FY 17

Outlook

48


2

1

3

4

5

Brand

Building

Channel

Expansion

Ramp D

Capability

Service as

differentiator

Continuous

Improvement in

Profitability




Institute








and karting


49

Thank You


42

CHALLENGES STRATEGY












tyre companies

43

CHALLENGES STRATEGY


Prices







Industry Demand


Particulars 2004-05 2011-12 2012-13 2013-14 2014-15 2015-16 2017-18

(Expected)

2020-21

(Expected)

TruckBus 15 186 222 264 327 435 600 774

Pass Cars 86 985 981 982 984 988 990 993

April-March


44

1

24

57 7391

110

131

1532

00

4-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

est

ic D

em

and

(Lac

No

s)

Truck Bus Radial

95

287334 365

407460

523600

20

04-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

esti

c D

eman

d

(Lac

No

s)


45




811

17 1922

2633

44 53

6067

72

6

25

34 34

42

51

61

7278

8184 86

0

10

20

30

40

50

60

70

80

90

2008-0

9

2009-1

0

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

2016-1

7

2017-1

8

2018-1

9

2019-2

0

Radialisation ()

Domestic OEM

Actual

Expected

Outlook

Outlook

46












47




tyres PCR OTRFarm


Q3Q4 FY 17

Outlook

48


2

1

3

4

5

Brand

Building

Channel

Expansion

Ramp D

Capability

Service as

differentiator

Continuous

Improvement in

Profitability




Institute








and karting


49

Thank You

43

CHALLENGES STRATEGY


Prices







Industry Demand


Particulars 2004-05 2011-12 2012-13 2013-14 2014-15 2015-16 2017-18

(Expected)

2020-21

(Expected)

TruckBus 15 186 222 264 327 435 600 774

Pass Cars 86 985 981 982 984 988 990 993

April-March


44

1

24

57 7391

110

131

1532

00

4-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

est

ic D

em

and

(Lac

No

s)

Truck Bus Radial

95

287334 365

407460

523600

20

04-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

esti

c D

eman

d

(Lac

No

s)


45




811

17 1922

2633

44 53

6067

72

6

25

34 34

42

51

61

7278

8184 86

0

10

20

30

40

50

60

70

80

90

2008-0

9

2009-1

0

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

2016-1

7

2017-1

8

2018-1

9

2019-2

0

Radialisation ()

Domestic OEM

Actual

Expected

Outlook

Outlook

46












47




tyres PCR OTRFarm


Q3Q4 FY 17

Outlook

48


2

1

3

4

5

Brand

Building

Channel

Expansion

Ramp D

Capability

Service as

differentiator

Continuous

Improvement in

Profitability




Institute








and karting


49

Thank You

Industry Demand


Particulars 2004-05 2011-12 2012-13 2013-14 2014-15 2015-16 2017-18

(Expected)

2020-21

(Expected)

TruckBus 15 186 222 264 327 435 600 774

Pass Cars 86 985 981 982 984 988 990 993

April-March


44

1

24

57 7391

110

131

1532

00

4-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

est

ic D

em

and

(Lac

No

s)

Truck Bus Radial

95

287334 365

407460

523600

20

04-0

5

20

10-1

1

20

15-1

6

20

16-1

7

20

17-1

8

20

18-1

9

20

19-2

0

20

20-2

1Ind

ust

ry T

yre

-D

om

esti

c D

eman

d

(Lac

No

s)


45




811

17 1922

2633

44 53

6067

72

6

25

34 34

42

51

61

7278

8184 86

0

10

20

30

40

50

60

70

80

90

2008-0

9

2009-1

0

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

2016-1

7

2017-1

8

2018-1

9

2019-2

0

Radialisation ()

Domestic OEM

Actual

Expected

Outlook

Outlook

46












47




tyres PCR OTRFarm


Q3Q4 FY 17

Outlook

48


2

1

3

4

5

Brand

Building

Channel

Expansion

Ramp D

Capability

Service as

differentiator

Continuous

Improvement in

Profitability




Institute








and karting


49

Thank You

45




811

17 1922

2633

44 53

6067

72

6

25

34 34

42

51

61

7278

8184 86

0

10

20

30

40

50

60

70

80

90

2008-0

9

2009-1

0

2010-1

1

2011-1

2

2012-1

3

2013-1

4

2014-1

5

2015-1

6

2016-1

7

2017-1

8

2018-1

9

2019-2

0

Radialisation ()

Domestic OEM

Actual

Expected

Outlook

Outlook

46












47




tyres PCR OTRFarm


Q3Q4 FY 17

Outlook

48


2

1

3

4

5

Brand

Building

Channel

Expansion

Ramp D

Capability

Service as

differentiator

Continuous

Improvement in

Profitability




Institute








and karting


49

Thank You

Outlook

46












47




tyres PCR OTRFarm


Q3Q4 FY 17

Outlook

48


2

1

3

4

5

Brand

Building

Channel

Expansion

Ramp D

Capability

Service as

differentiator

Continuous

Improvement in

Profitability




Institute








and karting


49

Thank You

47




tyres PCR OTRFarm


Q3Q4 FY 17

Outlook

48


2

1

3

4

5

Brand

Building

Channel

Expansion

Ramp D

Capability

Service as

differentiator

Continuous

Improvement in

Profitability




Institute








and karting


49

Thank You

48


2

1

3

4

5

Brand

Building

Channel

Expansion

Ramp D

Capability

Service as

differentiator

Continuous

Improvement in

Profitability




Institute








and karting


49

Thank You




Institute








and karting


49

Thank You

Thank You

Safe Harbour - Best Tyres in India| Tyre Manufacturers| … -Final_w.pdf8 JK Tyre - Overview...

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Transcript of Safe Harbour - Best Tyres in India| Tyre Manufacturers| … -Final_w.pdf8 JK Tyre - Overview...