JK Tyre Share Price Target 2024, 2025 to 2030, Analysis, Market Trends & Performance: In this article, we will discuss JK Tyre Share Price Target from 2024 to 2030, including its performance, stock market updates, financial health and performance analysis, shareholding pattern, peer competitors, and more details about JK Tyre.
JK Tyre & Industries Ltd. is a prominent player in the Indian tire manufacturing sector, known for producing a wide range of tires for various vehicles, including passenger cars, commercial vehicles, and two-wheelers.
Overview of JK Tyre & Industries Ltd
What is JK Tyre & Industries Ltd?
JK Tyre & Industries Ltd is a leading Indian tire manufacturer, recognized for its high-quality tires catering to passenger cars, commercial vehicles, and two-wheelers. The company has a significant presence in both domestic and international markets, providing a wide range of automotive solutions. Headquartered in India, JK Tyre plays a pivotal role in the tire manufacturing sector and contributes extensively to the automotive industry’s growth. JK Tyre & Industries Ltd is listed on both the Bombay Stock Exchange and the National Stock Exchange, making it a prominent name in India’s stock market.
Key Features of JK Tyre & Industries Ltd:
- Tire Manufacturing Leader: JK Tyre is a key player in India’s tire manufacturing industry, known for producing durable tires for various vehicle segments.
- Global Market Reach: The company has a strong presence in international markets, exporting its products to over 100 countries.
- Revenue Growth: JK Tyre has demonstrated consistent revenue growth through innovation and expanding market share.
- Employee Strength: With a workforce of over 5,600 employees, JK Tyre continues to strengthen its position in the tire manufacturing industry.
- Subsidiaries: JK Tyre is the parent company of Cavendish Industries Limited, expanding its production capacity and product offerings.
Information about JK Tyre & Industries Ltd:
| Information | Details |
|---|---|
| Website | jktyre.com |
| Headquarters | India |
| Founded | Not mentioned |
| Managing Director & CEO | Not mentioned |
| Number of Employees | 5,681 (2024) |
| Revenue | Not mentioned |
| Parent Organization | Independent |
| Subsidiaries | Cavendish Industries Limited |
| BSE Symbol | 530007 |
| NSE Symbol | JKTYRE |
Current Market Position of JK Tyre & Industries Ltd Share
As of November 2024, JK Tyre’s share has shown varied performance trends. It is down by -0.1% today and -1.18% over the past week. Over the past month, the share has declined by -7.8%, and has fallen by -13.07% over the last three months. However, looking at longer-term performance, JK Tyre has seen a positive return of +6.93% over the past year, with an impressive gain of +173.43% over the past three years and +433.53% over the past five years.
JK Tyre Share Fundamental Data
- Market Cap: ₹9,898 Cr.
- Current Price: ₹361
- High / Low: ₹554 / ₹337
- Stock P/E: 13.0
- Book Value: ₹172
- Dividend Yield: 1.25%
- ROCE: 19.3%
- ROE: 20.6%
- Face Value: ₹2.00
Market Position of JK Tyre Share as of November 2024
| Time Period | Returns of JK Tyre Share |
|---|---|
| 1 Day | -0.1% |
| 1 Week | -1.18% |
| 1 Month | -7.8% |
| 3 Months | -13.07% |
| 1 Year | 6.93% |
| 3 Years | 173.43% |
| 5 Years | 433.53% |
JK Tyre Share Price Target for 2024, 2025, 2026, 2027, 2028, 2029, 2030
JK Tyre Share Price Target in 2024
In 2024, the share price target for JK Tyre is expected to range between ₹370 and ₹400. This projection is driven by the company’s strong fundamentals, its consistent revenue growth, and the increasing demand for automotive products.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2024 | ₹370 | ₹400 |
JK Tyre Share Price Target in 2025
For 2025, JK Tyre’s share price target is projected to range between ₹420 and ₹460. Continued expansion in global markets, along with robust demand in the domestic tire industry, will likely support this growth.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2025 | ₹420 | ₹460 |
JK Tyre Share Price Target in 2026
In 2026, the share price target for JK Tyre is expected to range between ₹480 and ₹520. The company’s strong market presence and potential for further international growth will continue to contribute to its positive performance.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2026 | ₹480 | ₹520 |
JK Tyre Share Price Target in 2027
By 2027, JK Tyre’s share price target is projected to range between ₹550 and ₹590, driven by its expanding product portfolio, increased market share, and ongoing innovation in tire technology.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2027 | ₹550 | ₹590 |
JK Tyre Share Price Target in 2028
In 2028, the share price target for JK Tyre is estimated to range between ₹620 and ₹660, reflecting sustained growth in both the domestic and international markets and the company’s adaptation to new automotive technologies.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2028 | ₹620 | ₹660 |
JK Tyre Share Price Target in 2029
For 2029, the share price target for JK Tyre is expected to range between ₹710 and ₹750, supported by continued demand for its products and strong market positioning in the tire industry.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2029 | ₹710 | ₹750 |
JK Tyre Share Price Target in 2030
By 2030, JK Tyre’s share price target is projected to range between ₹820 and ₹880, as the company strengthens its market leadership and expands further into the global automotive sector.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2030 | ₹820 | ₹880 |
Financial Health and Performance Analysis of JK Tyre & Industries Ltd (FY 2020 – FY 2024)
JK Tyre & Industries Ltd Financials Income (P&L) (FY 2020 – FY 2024)
FY 2024
| Metric | FY 2024 | Y/Y Growth |
|---|---|---|
| Total Revenue | ₹15,046.13 Cr | +2.48% |
| Total Expenses | ₹13,807.86 Cr | -2.82% |
| Profit after Tax (PAT) | ₹786.23 Cr | +199.54% |
| Operating Profit Margin (OPM) | 11.23% | – |
| Net Profit Margin (NPM) | 5.24% | – |
| Basic EPS (₹) | ₹29.84 | +199.54% |
FY 2023
| Metric | FY 2023 | Y/Y Growth |
|---|---|---|
| Total Revenue | ₹14,681.46 Cr | +22.15% |
| Total Expenses | ₹14,208.69 Cr | +21.30% |
| Profit after Tax (PAT) | ₹262.48 Cr | +24.98% |
| Operating Profit Margin (OPM) | 6.33% | – |
| Net Profit Margin (NPM) | 1.79% | – |
| Basic EPS (₹) | ₹10.64 | +24.98% |
FY 2022
| Metric | FY 2022 | Y/Y Growth |
|---|---|---|
| Total Revenue | ₹12,019.52 Cr | +31.43% |
| Total Expenses | ₹11,714.11 Cr | +35.45% |
| Profit after Tax (PAT) | ₹210.02 Cr | -34.23% |
| Operating Profit Margin (OPM) | 6.04% | – |
| Net Profit Margin (NPM) | 1.75% | – |
| Basic EPS (₹) | ₹8.53 | -34.23% |
FY 2021
| Metric | FY 2021 | Y/Y Growth |
|---|---|---|
| Total Revenue | ₹9,145.27 Cr | +4.48% |
| Total Expenses | ₹8,648.40 Cr | -0.18% |
| Profit after Tax (PAT) | ₹319.34 Cr | +111.82% |
| Operating Profit Margin (OPM) | 10.57% | – |
| Net Profit Margin (NPM) | 3.50% | – |
| Basic EPS (₹) | ₹12.97 | +111.82% |
FY 2020
| Metric | FY 2020 | Y/Y Growth |
|---|---|---|
| Total Revenue | ₹8,753.29 Cr | -16.25% |
| Total Expenses | ₹8,664.16 Cr | -14.15% |
| Profit after Tax (PAT) | ₹150.76 Cr | -14.51% |
| Operating Profit Margin (OPM) | 7.31% | – |
| Net Profit Margin (NPM) | 1.72% | – |
| Basic EPS (₹) | ₹6.12 | -14.51% |
Analysis Summary:
- Revenue Growth: JK Tyre & Industries Ltd has demonstrated robust revenue growth, with a strong 22.15% increase in FY 2023 and a more modest 2.48% increase in FY 2024, reflecting the company’s resilience in the face of market fluctuations.
- Expense Management: The company managed its expenses well in FY 2024, showing a slight decrease of 2.82%, despite the previous year’s 21.30% growth. This shows effective cost management and improved operational efficiency.
- Profitability: Profit after Tax (PAT) witnessed a significant surge of 199.54% in FY 2024, reflecting JK Tyre’s enhanced operational performance and efficiency in comparison to a relatively lower growth in PAT in FY 2023 (+24.98%).
- Margins: The Operating Profit Margin (OPM) improved to 11.23% in FY 2024 from 6.33% in FY 2023, which highlights the company’s ability to increase profitability. Additionally, the Net Profit Margin (NPM) saw a significant improvement to 5.24%.
- Earnings Per Share (EPS): The Basic EPS increased substantially to ₹29.84 in FY 2024, reflecting a sharp improvement in shareholder returns, compared to ₹10.64 in FY 2023.
How to Buy JK Tyre & Industries Ltd. Shares:
- Choose a Broker: Select a brokerage platform that offers JK Tyre & Industries Ltd. shares for trading.
- Open a Trading Account: Set up a Demat and trading account with your chosen broker.
- Complete KYC: Submit the necessary identity and address verification documents to complete the KYC process.
- Deposit Funds: Add funds to your trading account to enable share purchases.
- Search for JK Tyre & Industries Ltd. Shares: Find the shares by searching for the company’s name or ticker symbol.
- Place an Order: Choose the quantity of shares you wish to buy and place a market or limit order.
- Confirm Purchase: Review the transaction details and confirm your order.
JK Tyre Share Price Target for the Next 5 Years:
JK Tyre is poised to benefit from its strong position in the automotive industry, along with its expansion in global markets and continuous product innovation. Below are the projected share price targets for JK Tyre for the next five years:
| Year | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|
| 2024 | ₹370 | ₹400 |
| 2025 | ₹420 | ₹460 |
| 2026 | ₹480 | ₹520 |
| 2027 | ₹550 | ₹590 |
| 2028 | ₹620 | ₹660 |
Shareholding Pattern of JK Tyre
Promoters:
- No. of Shares: 13,85,25,055
- Percentage: 50.55%
- % Change QoQ: -2.58%
Pledge:
- No. of Shares: 0
- Percentage: 0.00%
- % Change QoQ: 0.00%
FII (Foreign Institutional Investors):
- No. of Shares: 4,50,65,872
- Percentage: 16.45%
- % Change QoQ: +2.29%
DII (Domestic Institutional Investors):
- No. of Shares: 1,59,05,290
- Percentage: 5.81%
- % Change QoQ: +0.81%
MF (Mutual Funds):
- No. of Shares: 1,18,85,935
- Percentage: 4.34%
- % Change QoQ: +0.63%
Others:
- No. of Shares: 7,45,23,810
- Percentage: 27.18%
- % Change QoQ: -0.54%
Pros and Cons of JK Tyre Shareholding
Pros:
- Strong Promoter Stake: The promoters hold 50.55% of the shares, maintaining a dominant control over the company, despite a slight decrease of 2.58% QoQ.
- Increase in FII and DII Support: The Foreign Institutional Investors (FII) increased their stake by 2.29%, and Domestic Institutional Investors (DII) saw a positive increase of 0.81%, indicating growing institutional confidence in the company.
Cons:
- Decline in “Others” Stake: The “Others” category experienced a decrease of -0.54% QoQ, which could suggest a reduction in retail or smaller investor interest.
- Absence of Pledged Shares: While there are no pledged shares, the lack of pledged shares could indicate fewer financial arrangements or guarantees tied to the stock.
Peer Competitors of JK Tyre in the Tyres Industry
| Name | Share Price (₹) | Market Cap (₹ Cr) |
|---|---|---|
| Balkrishna Inds | 2767.30 | 53496.67 |
| MRF | 124597.00 | 52829.13 |
| Apollo Tyres | 495.00 | 31437.50 |
| CEAT | 2844.55 | 11506.23 |
| JK Tyre & Indust | 361.20 | 9897.60 |
| TVS Srichakra | 3582.90 | 2744.50 |
| Goodyear India | 1011.20 | 2332.84 |
FAQ
What is the share price of JK Tyre in 2024?
The share price target for JK Tyre in 2024 is expected to range between ₹370 and ₹400.
What factors contribute to the projected growth of JK Tyre’s share price?
JK Tyre’s projected growth is driven by its strong fundamentals, consistent revenue growth, and increasing demand for automotive products.
What is the shareholding pattern of JK Tyre?
- Promoters hold 50.55% of the shares, with a decrease of 2.58% QoQ.
- Foreign Institutional Investors (FII) hold 16.45%, with an increase of 2.29% QoQ.
- Domestic Institutional Investors (DII) hold 5.81%, with an increase of 0.81% QoQ.
- Mutual Funds (MF) hold 4.34%, with an increase of 0.63% QoQ.
- The “Others” category holds 27.18%, with a decrease of 0.54% QoQ.
Who are the key competitors of JK Tyre in the tyre industry?
Key competitors of JK Tyre include:
- Balkrishna Industries
- MRF
- Apollo Tyres
- CEAT
- TVS Srichakra
- Goodyear India
What is the market capitalization of JK Tyre?
The market capitalization of JK Tyre is ₹9,897.60 Crore.
What is the projected share price target for JK Tyre in 2025?
The projected share price target for JK Tyre in 2025 is expected to range between ₹420 and ₹460.
How does the financial performance of JK Tyre compare to its peers?
JK Tyre’s financial performance is in line with the industry, with its return on capital employed (ROCE) at 19.31%, which is competitive within the tyre industry.
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