JK Tyre & Industries Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for JKTYRE, BSE:530007 JK Tyre & Industries Ltd.

JK Tyre & Industries Ltd.

21 May 2018

355.15

-0.84%

JK Tyre - 4QFY18 Result Update

Buy: JK Tyre & Industries Ltd.

Target

Reliance Securities

JK Tyre & Industries (JKT) has reported a strong operating performance in 4QFY18 with its EBITDA growing by 65% YoY and 55% QoQ to Rs3.3bn. EBITDA margin expanded by 512bps YoY and 439bps QoQ to 14.4% primarily supported by lower input cost and healthy traction in 4W and 2W segments. While staff cost remained under control owing to manpower rationalisation measures in domestic and overseas operations, other expenses rose by 19% YoY, which impacted margin growth to certain extent. While revenue stood at Rs22.8bn (up 6% YoY and 8% QoQ), adj net profit zoomed to Rs1.5bn vs. Rs475mn and Rs154mn in 4QFY17 and 3QFY18, respectively. Higher non operating income (up 142% YoY and 830% QoQ) boosted net profit....

Number of FII/FPI investors increased from 170 to 183 in Jun 2025 qtr.

JK Tyre & Industries Ltd.

14 Feb 2018

355.15

-0.84%

JK Tyre & Industries

Hold: JK Tyre & Industries Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research On a consolidated basis, revenues were at | 2,123 crore (up 15.5% YoY), vs. our estimate of | 2,066 crore. Revenues from India (adjusting excise duty) increased ~18% YoY to | 2,075 crore while revenue from Mexican operation declined 17% YoY to | 232 crore. Revenue from the Cavendish Industries (CIL) was at ~| 343 crore EBITDA margin came in at 10% (down 441 bps YoY, but up 51 bps QoQ). On a QoQ basis, raw material cost increased, resulting in gross...

JK Tyre & Industries.. has an average target of 408.00 from 2 brokers.

JK Tyre & Industries Ltd.

21 Nov 2017

355.15

-0.84%

JK Tyres - 2QFY18 Result Update

Buy: JK Tyre & Industries Ltd.

Reliance Securities

JK Tyre & Industries (JKT) has reported a soft performance in 2QFY18 with its reported EBITDA declining by 46% YoY to Rs1.9bn. Its consolidated revenue grew by 7% YoY and 14% QoQ mainly aided by volume growth across product categories. Higher-than-estimated surge in raw material cost as % of sales led to dismal EBITDA margins of 9.5% as against 18.9% in 2QFY17. Net profit declined to Rs103mn from Rs1bn in 2QFY17. However, margin improved on QoQ basis owing to sequential decline in raw material prices and other expenditures. As per JKT, 2QFY18 performance is primarily driven by better demand in passenger segment (4W and 2W). Further, improvement in profitability of Mexican operations (JK Tornel) also aided performance. Looking...

Number of FII/FPI investors increased from 170 to 183 in Jun 2025 qtr.

JK Tyre & Industries Ltd.

16 Nov 2017

355.15

-0.84%

JK Tyre & Industries

Hold: JK Tyre & Industries Ltd.

ICICI Securities Limited

On a consolidated basis, revenues came in at | 2,058 crore (up 7.3% YoY), below our estimate of | 2,093 crore. Gross revenue from India increased 5.2% YoY to | 2,005 crore while revenue from Mexican operation declined 18.5% YoY to | 252 crore We believe the India business would have been driven by both OEM (revival in demand) and replacement segment (partly due to restocking of tyres at dealer's end). Cavendish Industries posted revenue & EBIT (loss) of ~| 401 crore and ~| 15 crore, respectively EBITDA margin declined 1062 bps YoY but was up 958 bps QoQ to...

Number of FII/FPI investors increased from 170 to 183 in Jun 2025 qtr.

JK Tyre & Industries Ltd.

18 Aug 2017

355.15

-0.84%

JK Tyre & Industries

Hold: JK Tyre & Industries Ltd.

Recommendation Target

ICICI Securities Limited

On a consolidated basis, JKTIL's revenues came in at | 1,807 crore (up 1.5% YoY). Gross revenue from India increased 2.8% YoY to | 1,828 crore while revenue from Mexico declined 2% YoY to | 285 crore. Domestic demand was mainly impacted by 1) higher import of Chinese radial tyres, 2) lower CV production due to de-stocking of inventory post transition to new emission norms and after 3) dealers...

JK Tyre & Industries Ltd. is trading above all available SMAs

JK Tyre & Industries Ltd.

06 Jun 2017

355.15

-0.84%

JK Tyre & Ind

Buy: JK Tyre & Industries Ltd.

IIFL Holdings

JK Tyre is the major beneficiary of the radialisation trend gaining pace in the truck and bus segment. Radials now account for 44% share as against a meagre 6% share in FY09. With an entry into the lucrative 2W space through the acquisition of Cavendish Industries Limited (CIL), JK Tyre has become a full-range tyre player. India business is expected to grow at a CAGR of 10% over FY17-19E driven by enhanced capacities & acquisition of CIL. D/E ratio is expected to decline from 2.5x in FY17 to 1.6x by FY19E owing to strong free cash flow generation to the tune of Rs1747cr over FY18-19E....

Number of FII/FPI investors increased from 170 to 183 in Jun 2025 qtr.

JK Tyre & Industries Ltd.

18 May 2017

355.15

-0.84%

JK Tyres & Industries

Buy: JK Tyre & Industries Ltd.

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research On a consolidated basis, JKTIL's revenues came in at | 2,152 crore (up 24.3% YoY), supported by volume growth (of 1-5% YoY in India & 25-30% YoY in its Mexico). Cavendish Industries (CIL) started contributing meaningfully, reporting revenue of | 400 crore EBITDA margins contracted 650 bps YoY & 515 bps QoQ to 9.3% below our estimate of 13.5%. Higher input cost (natural rubber price up 52.3% YoY & 22.5% QoQ to | 152/kg) impacted the gross margin...

JK Tyre & Industries Ltd. has gained 28.01% in the last 6 Months

JK Tyre & Industries Ltd.

03 May 2017

355.15

-0.84%

JK Tyres & Industries

Buy: JK Tyre & Industries Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research JK Tyres & Industries (JKTIL) is one of the leading player in the M&HCV; truck bus radial (TBR) segment with market share >30%. In the passenger car radial (PCR) segment, it has a share of >12% in India. We remain positive on JKTIL's growth prospects as 1) the decline in import of Chinese tyre will further expand its market share, 2) the recent correction in natural rubber (NR) prices, coupled with cumulative price hike of ~10% in the last six months will support its margins, 3) higher utilisation at...

JK Tyre & Industries Ltd. has gained 28.01% in the last 6 Months

JK Tyre & Industries Ltd.

31 Mar 2017

355.15

-0.84%

Master Pick- JK Tyre & Industries Limited

Buy: JK Tyre & Industries Ltd.

Religare

Given the situation of normal monsoon and higher discretionary spending, the overall outlook for Auto industry remains positive. Around 53% of the tyre industry's revenue comes from truck and bus tyres. With expected rise in the industry sales volumes and market leadership in the radial segment, JK Tyre is likely to benefit immensely. Further, the falling rubber prices will continue to provide cushion to company's operating margins.

JK Tyre & Industries Ltd. is trading above all available SMAs

JK Tyre & Industries Ltd.

16 Feb 2017

355.15

-0.84%

JK Tyres & Industries

Buy: JK Tyre & Industries Ltd.

Recommendation

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research On a consolidated basis, JK Tyres' (JKTIL) revenues came in at | 1,838 crore (up 14.6% YoY), which we believe would largely be volume driven. Gross revenues from India increased 25% YoY to | 1,903 crore (accounting for ~87% of consolidated revenue) while revenue from Mexican operation grew 12% YoY to | 279 crore EBITDA margins contracted 242 bps YoY & 570 bps QoQ to 14.4% below our estimate of 17%. Higher input cost (average natural rubber...

JK Tyre & Industries Ltd. has gained 28.01% in the last 6 Months

Is JK Tyre & Industries Ltd. worth buying?

470 Votes:

Buy 75.11%

Sell 12.13%

Hold 12.77%

RESEARCH REPORTS

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