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# JK Tyre & Industries Moat Analysis: Score & Risks
- URL: https://www.moatmarginresearch.com/jk-tyre-and-industries-moat/
- Published: 2026-08-16T16:18:01.000Z
- Updated: 2026-08-22T05:14:16.000Z
- Author: A K Karthikeyan
- Tags: First-pass note, Coverage

Moat Note · First-pass

## JK Tyre & Industries Ltd.

A first-pass moat teardown of JK Tyre & Industries Ltd., built from single-pass filing evidence. Free note — provisional, and the full two-pass deep dive may revise it.

**Moat & Margin**16 Aug 2026 First-pass · \~3 min

5.81 / 10

NARROW → WIDEIndustrial OEM-led

First-pass narrow-to-wide read — primary edge in Efficient Scale. Provisional, single-pass evidence.

Provisional score · subject to modification based on new evidence

JK Tyre & Industries Ltd. scores **5.81** on MoatSCORE 6.0 — a narrow-to-wide moat in Auto. This is a **first-pass note**: the dimensional read and the filing receipts below come from a single GFIP evidence pass, not the full two-pass deep corpus behind our flagship deep dives. Provisional — published free while the deep version is queued.

The teardown 

## Seven dimensions of moat

Ordered by contribution. Each dimension carries a verified filing quote, graded **\[M\]** mechanism or **\[O\]** outcome.

D6Efficient Scale7

M · Mechanism✓ Verified verbatim

“Total installed capacity increased supported by projects like the Banmore PCR expansion, Laksar TBR enhancement and All-Steel radial capacity additions.”

**JK Tyre & Industries Ltd.** · Annual Report · p.22

D3Cost Advantage6

M · Mechanism✓ Verified verbatim

“Consolidated capacity utilization for the quarter was 83%. The utilization of radial capacities remained strong, ranging between 85-90% at present.”

**JK Tyre & Industries Ltd.** · Earnings Call · p.6

D1Network Effects5.7

M · Mechanism✓ Verified verbatim

“During FY26, we have further strengthened our sales network and enhanced our market reach by adding 50+ new brand shops.”

**JK Tyre & Industries Ltd.** · Earnings Call · p.5

D4Price Discretion5.7

M · Mechanism✓ Verified verbatim

“The company reported an increase of over 22 per cent in its operating profit in FY 16,. This was the result of capacity creation, cost reduction and product mix changes.”

**JK Tyre & Industries Ltd.** · Annual Report · p.16

D5Intangible Assets5.2

M · Mechanism✓ Verified verbatim

“We have been consistently investing nearly 1.5% of our turnover annually on strengthening our R&D capabilities, which help us to stay ahead of the curve and deliver superior & innovative products to customers.”

**JK Tyre & Industries Ltd.** · Earnings Call · p.4

D2Switching Costs4.5

M · Mechanism✓ Verified verbatim

“high raw material costs, spillover effects of demonetisation and the ban on sale of non-BS IV vehicles from 1st April 2017”

**JK Tyre & Industries Ltd.** · Annual Report · p.11

D7Counter-PositioningExcluded—

Excluded for this archetype.

D8Ungoverned RiskUnscored · Layer 2.5

D8 rating: **ADEQUATE**. Not part of the moat score — it governs the cost of equity and the fade window. First-pass; not yet deep-reviewed.

The barrier gate 

## The barrier gate — first-pass

Replication — can a rival copy it?7.0

How hard it is for a rival to copy the edge (first-pass estimate).

Bypass — can a rival route around it?6.0

How easily a rival can route around the edge (first-pass estimate).

Effective barrier 6 — at or above 6, consistent with a narrow-to-wide read. First-pass estimate.

What would change our mind

1. **Deep two-pass review.** This draft rests on a single GFIP evidence pass; the full 10-year AR + concall corpus may move the read.
2. **The barrier gate.** A firmer replication or bypass estimate is the most likely thing to shift the band.
3. **Adverse events.** Any governance, regulatory or funding shock captured in D8 could re-rate the fade window.

First-pass note — provisional single-pass MoatSCORE 6.0 read, not the full deep dive. Educational research, not investment advice; no buy/sell recommendation, no price target. Moat & Margin is not a SEBI-registered Research Analyst or Investment Adviser.

**Where this note fits.** This company is one of **509 Indian companies** we have scored for moat durability — 370 narrow, 126 narrow-trending-wide, none wide. Every score, dimension by dimension, is free in the [Moat Screener](https://www.moatmarginresearch.com/moat-screener/).