JK Tyre Share Price: For investors looking to benefit from the growth of the Indian automotive sector, JK Tyre & Industries Ltd. emerges as a major player in the tyre manufacturing sector.
With a rich history, a strong brand presence and a reputation for innovation, the company has successfully established itself as one of the leading tyre manufacturers in India and abroad.
Given its significant market share, solid performance and expansion into new markets, many investors are curious to know where the company’s stock is headed in the long term.
In this blog post, we will take a closer look at JK Tyre Stock Price Target for the years 2024 to 2030, analysing the company’s current growth path, financial performance and the factors that will influence its stock price in the coming decades. By understanding these elements, investors can make informed decisions about the future potential of JK Tyre’s stock.
JK Tyre Company Overview
Established in 1951, JK Tyre & Industries Ltd. is one of the leading manufacturers of tyres in India, known for its high-quality products across various segments including passenger vehicles, commercial vehicles, and two-wheelers. The company has become a significant player in the Indian and global tyre markets.
With its headquarters in New Delhi, JK Tyre operates multiple manufacturing plants across India and has expanded its reach to international markets such as Mexico, Egypt, and several other countries.
Over the years, JK Tyre has maintained a strong market presence by focusing on innovation, quality, and sustainability. The company is known for its advanced technology in tyre manufacturing, and its commitment to green initiatives, including the development of eco-friendly tyres and sustainable production processes, sets it apart from competitors.
In addition, JK Tyre has a strong distribution network, a strong brand reputation, and a diverse customer base, which includes both OEM (original equipment manufacturer) and replacement markets.
| Company Name | JK Tyre & Industries Ltd |
| Founded | 1951 |
| Headquarters | New Delhi |
| Industry | Tyre Manufacturing |
| MD | Raghupati Singhania |
| Stock Exchange Listing | NSE & BSE |
| Official Website | jktyre.com |
With the growing demand for automobiles, the growth of road infrastructure and the global shift towards electric vehicles, JK Tyre position in the market is likely to grow even further. As the company expands its product offerings and leverages emerging technologies, it remains an attractive investment option for long-term investors.
JK Tyre Fundamental Analysis
| Metric | Value |
|---|---|
| Market Cap | ₹10,057.91 Cr. |
| ROE | 17.44% |
| ROCE | 19.24% |
| P/E | 18.19 |
| P/B | 2.49 |
| Div. Yield | 1.23% |
| Book Value | ₹147.51 |
| Face Value | ₹2 |
| EPS (TTM) | ₹20.18 |
| 52 Week High | ₹554.35 |
| 52 Week Low | ₹332.20 |
JK Tyre Financials
Income Statement
| (INR) | 2024 | Y/Y Change |
|---|---|---|
| Revenue | 150.02B | 2.44% |
| Operating expense | 41.85B | 13.88% |
| Net income | 7.86B | 199.54% |
| Net profit margin | 5.24% | 192.74% |
| Earnings per share | 30.43 | 148.53 |
| EBITDA | 20.37B | 62.99% |
| Effective tax rate | 33.14% | — |
Balance Sheet
| (INR) | 2024 | Y/Y Change |
|---|---|---|
| Cash and short-term investments | 1.83B | -0.96% |
| Total assets | 140.94B | 13.22% |
| Total liabilities | 94.88B | 5.98% |
| Total equity | 46.06B | — |
| Shares outstanding | 260.72M | — |
| Price to book | 2.12 | — |
| Return on assets | 7.80% | — |
| Return on Capital | 11.77% | — |
Cash Flow
| (INR) | 2024 | Y/Y Change |
|---|---|---|
| Net income | 7.86B | 199.54% |
| Cash from operations | 16.14B | 31.86% |
| Cash from investing | -12.08B | -201.67% |
| Cash from financing | -4.13B | 44.70% |
| Net change in cash | -18.30M | -102.31% |
| Free cash flow | -1.59B | -244.77% |
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JK Tyre Share Price Target 2024 to 2030
| Year | Share Price Target |
|---|---|
| JK Tyre Share Price Target 2024 | ₹423 |
| JK Tyre Share Price Target 2025 | ₹650 |
| JK Tyre Share Price Target 2026 | ₹895 |
| JK Tyre Share Price Target 2027 | ₹1,050 |
| JK Tyre Share Price Target 2028 | ₹1,115 |
| JK Tyre Share Price Target 2029 | ₹1,280 |
| JK Tyre Share Price Target 2030 | ₹1,450 |
JK Tyre Shareholding Pattern
- Retail & Other: 27.15%
- Promoters: 50.55%
- Foreign Institution: 16.45%
- Mutual Funds: 4.34%
- Other Domestic Institution: 1.51%
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JK Tyre Competitors/Peer Companies
- Balkrishna Industries
- MRF
- Apollo Tyres
- CEAT
- TVS Srichakra
- Goodyear India
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Conclusion
Looking out to JK Tyres stock price could see positive growth driven by its strategic investments in new technologies and expanding market reach. While potential investors should consider market risks and macroeconomic conditions, JK Tyre remains a promising option for those seeking long-term growth in the manufacturing and automotive sectors.
With its solid foundation and forward-looking strategy, JK Tyre offers significant upside potential for investors looking to take advantage of the evolving automotive landscape in the coming decades.
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FAQs
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Is JK tyres a good stock to buy?
Yes.
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Is JK Tyre debt free?
No, it is not debt-free.
-
Is JK Tyre overvalued or undervalued?
Undervalued.
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Is JK Tyre private or government?
Private.
Disclaimer: The information given in this blog is for educational purposes only, and the targets mentioned in it are given as suggestions by market analysts. Therefore, before investing your money in any company, it is mandatory to get complete information about the company
