JK Tyre & Industries Ltd.    
30 Jun 2020
72.80
10.05%
Geojit BNP Paribas
With recent import curbs issued by the government and low input costs, we expect JK Tyres to benefit in the near-term. Hence, we upgrade our rating to Accumulate with a TP of Rs.73 based on 10x FY22E adj. EPS. Quarter sees decline in revenue Revenue from operations declined 33.7% YoY to Rs. 1,795cr in Q4FY20. The weak demand in the domestic market was further impacted by the COVID situation and led to a slump in domestic sales by 32.4% YoY to Rs. 1,635cr. Global auto markets also witnessed slowdown with revenue from Mexico down 36.2% YoY to Rs. 200cr in Q4....
JK Tyre & Industries Ltd. has gained 40.41% in the last 6 Months
JK Tyre & Industries Ltd.    
15 Jun 2020
72.80
10.05%
ICICI Securities Limited
The Director General of Foreign Trade (DGFT) vide its June 12 circular has notified that tyre imports into India will now fall into the restricted category vs. free category assigned earlier, implying imports would now require DGFT permission/licence vs. no such restrictions earlier. The notification does not put any additional duties on tyre imports. It covers tyre imports across vehicle categories, viz. passenger vehicles (PV), commercial vehicles (CV), 2-W (motorcycle & scooters) & bicycles and across both tyre types i.e....
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JK Tyre & Industries Ltd. has gained 23.60% in the last 1 Month
JK Tyre & Industries Ltd.    
22 May 2020
72.80
10.05%
Geojit BNP Paribas
Given the challenging business conditions amidst corona outbreak, we believe upside potential would be limited in the medium-term. Hence, we maintain our HOLD rating on the stock with a revised target price of Rs. 52 based on 4.2x FY22E adj. EPS. Corona update and impact on industry COVID-19 pandemic continues to weigh on global economic growth including India. IMF recently slashed its GDP growth forecast for India to 1.9% from 5.8% for FY21. Plants shut down and limited dealership activities owing to lockdown added pressure...
JK Tyre & Industries Ltd. has gained 40.41% in the last 6 Months
JK Tyre & Industries Ltd.    
05 Feb 2020
72.80
10.05%
ICICI Securities Limited
JK Tyre is a leveraged company with absolute debt at ~| 5,400 crore as of FY20E with resultant debt: equity at 2.2x. Going forward, with limited capex plans and operating leverage benefits under way, we expect JKTIL to retire debt with resultant debt: equity expected at 1.4x as of FY22E. However, we await improved financials amid prolonged slowdown in the domestic CV space. We maintain our HOLD rating on the stock with a target price of | 85...
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JK Tyre & Industries Ltd. high volume past week with price gain of 26.17.
JK Tyre & Industries Ltd.    
04 Feb 2020
72.80
10.05%
Reliance Securities
JK Tyre (JKI) has delivered a muted operating performance in 3QFY20 with its consolidated EBIDTA margin contracting by 265bps QoQ (+139bps YoY) to 11.1%. Its consolidated revenue declined by 19%YoY (+2% QoQ) to Rs22bn (vs. our estimate of Rs22.97bn), while EBIDTA fell 8% YoY and 18% QoQ to Rs2.4bn (vs. our estimate of Rs2.9bn). However, EBIT margin of Maxico business contracted 1223bps YoY and 431bps QoQ to 0.7%. Reported PAT came in at Rs110mn, While adjusted PAT, excluding extraordinary gain, declined significantly by 73% YoY and 95% QoQ to Rs104mn, vs. our estimate of Rs552mn. Its volume increased in replacement segment supported by ramp-up in 2W/3W segment, while OEM sales declined in higher double-digit...
JK Tyre & Industries Ltd. has gained 26.17% in the last 1 Week
JK Tyre & Industries Ltd.    
06 Nov 2019
72.80
10.05%
Geojit BNP Paribas
Pre-buying of BS-VI vehicles and radialisation of tyres could drive growth in the coming years. However, the near-term outlook remains challenging due to sluggish economic growth. We reiterate our HOLD...
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JK Tyre & Industries Ltd. has gained 40.41% in the last 6 Months
JK Tyre & Industries Ltd.    
01 Nov 2019
72.80
10.05%

JK Tyres - 2QFY20 Result Update

JK Tyre & Industries.. has an average target of 78.67 from 3 brokers.
JK Tyre & Industries Ltd.    
26 Aug 2019, 12:00AM
72.80
10.05%
Geojit BNP Paribas
While the radialisation of tyres and pre-buying of BS-VI vehicles should drive growth in coming years, near-term outlook remains challenging. We downgrade the rating of the stock to HOLD, with a revised target price of Rs. 60, based on 5.0x FY21E adj. EPS. Topline growth despite sluggish auto market JK Tyre posted Q1FY20 revenue of Rs. 2,575cr (+5.6% YoY; -4.8% QoQ). Despite weak demand in the Indian market, the company achieved a 5.7% YoY growth in domestic revenue, while revenue from Mexico declined 1.6% YoY to Rs.339cr. Sales from OEMs...
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JK Tyre & Industries.. has an average target of 78.67 from 3 brokers.
JK Tyre & Industries Ltd.    
05 Aug 2019
72.80
10.05%
ICICI Securities Limited
Muted OEM demand to limit volume growth across segments! JKTIL is the market leader in the truck-bus radial (TBR) segment with ~30% market share. Overall CV segment forms 65-70% of the company's volume mix, with PV and others (2-W, 3-W, off road) forming the rest. We feel the CV space on the OEM side in particular is in the late stages of an up-cycle and is likely to remain a pain point amid upcoming transition to BS-VI norms. The overall OEM demand for tyre players (30% of JKTIL's channel mix) would remain subdued, going forward, given the challenging environment...
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JK Tyre & Industries Ltd. is trading above all available SMAs
JK Tyre & Industries Ltd.    
17 May 2019
72.80
10.05%
ICICI Securities Limited
Replacement demand, subsidiary ramp up to support! JKTIL's channel mix is at ~33% OEM, ~57% replacement and ~10% exports. CV demand constitutes ~70% of revenues with PV space forming ~20% and the rest accounted for by 2-W, 3-W, tractors and off road segments. The company is the market leader in the truck-bus radial (TBR) segment with >30% market share and post the Cavendish acquisition, its 2W, 3-W slate is ramping up well (40% YoY volume increase in 2-W, 3-W for FY19). For FY19, the company outgrew the industry despite OEM slowdown in H2FY19, with the management hopeful of a better show from Q2FY20E...
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JK Tyre & Industries Ltd. has gained 23.60% in the last 1 Month