JK Tyre is one of the leading tire manufacturers in India with a significant market share in the country’s automotive industry. The company has been in operation for over 70 years and has a strong reputation for producing high-quality tires that cater to different segments of the market.
As with any company in the stock market, investors are always on the lookout for the potential growth prospects of a stock, and JK Tyre is no exception.
In this article, we will delve into the JK Tyre share price target for the period 2024 to 2030 and examine whether or not JK Tyre is a good auto stock to buy.
Also, we will take a look at the recent developments in the company, including its expansion into Northern India by introducing two new SUV tires to its Ranger series and expanding its retail network.
JK Tyre Q3 FY24 Highlights: Strong Profit Surge, Capacity Expansion, and Strategic Market Moves
- JK Tyre & Industries reported a significant increase in Q3 consolidated net profit to ₹227.07 crore, marking a 240 percent surge from the previous year.
- Despite global challenges, consolidated revenue saw a modest rise to ₹3,687.72 crore.
- The company declared an interim dividend of ₹1 per equity share, showcasing its commitment to rewarding shareholders.
- Subsidiaries Cavendish Industries (CIL) and JK Tornel, Mexico, played a vital role in bolstering overall revenues.
- JK Tyre successfully raised ₹500 crore through a Qualified Institutional Placement (QIP), reflecting investor confidence.
- The company approved an investment in Renew Wind Energy, increasing its shareholding to 18.22 percent and signaling strategic diversification efforts.
You can buy JK Tyre and Industries shares from the following trading platforms:
- Zerodha
- Upstox
- Groww
- AngelOne
- ICICIDirect
| When | Maximum Price | Minimum Price |
| April 2024 | 463.32 | 402.89 |
| May 2024 | 456.47 | 396.93 |
| June 2024 | 472.91 | 411.22 |
| July 2024 | 468.18 | 407.11 |
| August 2024 | 486.90 | 423.39 |
| September 2024 | 506.38 | 440.33 |
| October 2024 | 496.45 | 431.70 |
| November 2024 | 511.34 | 444.65 |
| December 2024 | 524.13 | 455.76 |
In 2024, JK Tyre and Industries’ share price is expected to fluctuate between ₹402.89 to ₹524.13 based on projections until December. The company’s market capitalization stands at ₹11,193 Cr., with the current share price at ₹429 as of April 1st, 2024. Notably, the stock’s high and low values are ₹554 and ₹154 respectively, with a moderate P/E ratio of 15.5 and a book value of ₹144.
| When | Maximum Price | Minimum Price |
| January 2025 | 534.61 | 411.24 |
| February 2025 | 548.32 | 421.78 |
| March 2025 | 569.70 | 438.23 |
| April 2025 | 558.53 | 429.64 |
| May 2025 | 542.26 | 417.13 |
| June 2025 | 566.67 | 435.90 |
| July 2025 | 555.56 | 427.35 |
| August 2025 | 572.74 | 440.57 |
| September 2025 | 592.78 | 455.99 |
| October 2025 | 608.20 | 467.84 |
| November 2025 | 623.40 | 479.54 |
| December 2025 | 638.99 | 491.53 |
In 2025, JK Tyre and Industries’ share price is anticipated to rise, ranging from ₹411.24 to ₹638.99 by December. Investors can expect steady growth throughout the year, reaching a maximum of ₹608.20 in October and ₹638.99 by year-end.
| When | Maximum Price | Minimum Price |
| January 2026 | 658.16 | 506.27 |
| February 2026 | 675.03 | 519.25 |
| March 2026 | 701.36 | 539.51 |
| April 2026 | 687.61 | 528.93 |
| May 2026 | 667.58 | 513.52 |
| June 2026 | 697.62 | 536.63 |
| July 2026 | 683.94 | 526.11 |
| August 2026 | 705.09 | 542.38 |
| September 2026 | 729.77 | 561.36 |
| October 2026 | 748.75 | 575.96 |
| November 2026 | 767.46 | 590.36 |
| December 2026 | 786.65 | 605.12 |
In 2026, JK Tyre and Industries’ share price is forecasted to continue its upward trajectory, ranging from ₹506.27 to ₹786.65 by December. Steady growth is projected throughout the year, reaching a peak of ₹748.75 in October and ₹786.65 by year-end.
| When | Maximum Price | Minimum Price |
| January 2027 | 802.38 | 617.22 |
| February 2027 | 822.96 | 633.04 |
| March 2027 | 855.05 | 657.73 |
| April 2027 | 838.29 | 644.84 |
| May 2027 | 813.87 | 626.05 |
| June 2027 | 850.49 | 654.23 |
| July 2027 | 833.82 | 641.40 |
| August 2027 | 859.61 | 661.24 |
| September 2027 | 889.69 | 684.38 |
| October 2027 | 912.82 | 702.17 |
| November 2027 | 935.65 | 719.73 |
| December 2027 | 959.04 | 737.72 |
| When | Maximum Price | Minimum Price |
| January 2028 | 978.22 | 752.47 |
| February 2028 | 1,003.30 | 771.77 |
| March 2028 | 1,042.43 | 801.87 |
| April 2028 | 1,021.99 | 786.15 |
| May 2028 | 992.22 | 763.25 |
| June 2028 | 1,036.87 | 797.59 |
| July 2028 | 1,016.54 | 781.95 |
| August 2028 | 1,047.98 | 806.14 |
| September 2028 | 1,084.66 | 834.35 |
| October 2028 | 1,112.86 | 856.05 |
| November 2028 | 1,140.68 | 877.45 |
| December 2028 | 1,169.20 | 899.38 |
| When | Maximum Price | Minimum Price |
| January 2029 | 1,192.58 | 917.37 |
| February 2029 | 1,223.16 | 940.89 |
| March 2029 | 1,270.87 | 977.59 |
| April 2029 | 1,245.95 | 958.42 |
| May 2029 | 1,209.66 | 930.51 |
| June 2029 | 1,264.09 | 972.38 |
| July 2029 | 1,239.31 | 953.31 |
| August 2029 | 1,277.64 | 982.80 |
| September 2029 | 1,322.35 | 1,017.19 |
| October 2029 | 1,356.73 | 1,043.64 |
| November 2029 | 1,390.65 | 1,069.73 |
| December 2029 | 1,425.42 | 1,096.48 |
| When | Maximum Price | Minimum Price |
| January 2030 | 1,453.93 | 1,118.40 |
| February 2030 | 1,491.21 | 1,147.08 |
| March 2030 | 1,549.36 | 1,191.82 |
| April 2030 | 1,518.98 | 1,168.45 |
| May 2030 | 1,474.74 | 1,134.42 |
| June 2030 | 1,541.11 | 1,185.47 |
| July 2030 | 1,510.89 | 1,162.22 |
| August 2030 | 1,557.62 | 1,198.17 |
| September 2030 | 1,612.13 | 1,240.10 |
| October 2030 | 1,654.05 | 1,272.34 |
| November 2030 | 1,695.40 | 1,304.15 |
| December 2030 | 1,737.78 | 1,336.76 |
Financial Condition of JK Tyre and Industries: Last 5 years
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|
| Sales | 10,368 | 8,723 | 9,102 | 11,983 | 14,645 |
| Expenses | 9,256 | 7,737 | 7,796 | 10,910 | 13,347 |
| Operating Profit | 1,112 | 986 | 1,306 | 1,073 | 1,298 |
| OPM % | 11% | 11% | 14% | 9% | 9% |
| Other Income | -5 | -76 | 81 | 40 | -25 |
| Interest | 521 | 549 | 466 | 419 | 454 |
| Depreciation | 316 | 378 | 387 | 385 | 407 |
| Profit before tax | 270 | -17 | 534 | 309 | 411 |
| Tax % | 35% | 989% | 38% | 35% | 36% |
| Net Profit | 171 | 141 | 331 | 201 | 263 |
| EPS in Rs | 7.16 | 6.12 | 12.97 | 8.53 | 10.66 |
| Dividend Payout % | 21% | 11% | 15% | 18% | 19% |
Over the past five years, JK Tyre has consistently grown in its financial performance. The company’s sales figures have steadily increased, reaching 10,368 million in March 2019 and further rising to 14,645 million in March 2023.
Despite facing expenses, JK Tyre has managed to maintain a positive operating profit, with margins ranging from 9% to 14%—other income, although fluctuating, has contributed positively to the company’s overall profitability.
While the company faced challenges such as interest expenses and depreciation, it still managed to generate a net profit, albeit with some variations.
The earnings per share (EPS) has shown an upward trend, ranging from 6.12 to 12.97 rupees. JK Tyre has also maintained a dividend payout percentage, distributing a portion of its profits to shareholders.
Overall, the financial performance of JK Tyre reflects its ability to navigate the industry and maintain a position of stability and growth.
Emkay Global Financial has issued a bullish recommendation for JK Tyre, assigning a buy rating and setting a target price of Rs 700 in its research report dated February 23, 2024.
FAQS
The share price target for JK Tyre and Industries in 2025 is projected to range from₹411.24 to₹638.99, showcasing an optimistic outlook for investors.
What is JK Tyre’s revenue growth rate over the past five years?
JK Tyre’s revenue has exhibited a consistent growth rate over the past five years, with sales increasing from ₹1036.8 crores in March 2019 to ₹1464.5 crores in March 2023, indicating a positive trend and robust expansion in the company’s financial performance.
JK Tyre and Industries are expected to reach a share price target between ₹1,118.40 and ₹1,737.78 in 2030.
Also read:
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- Tata Elxsi Share Price Target 2024 to 2030: Can it touch 15,000 INR by 2025?
- Brightcom Group Share Price Target 2024 to 2030: Can (NSE: BCG) touch 100 INR by 2030?
Conclusion
Based on the financial data of JK Tyre from the last five years, the company’s performance has been mixed. While the company has shown growth in terms of revenue and profit, the growth has not been consistent.
Therefore, it can be observed that JK Tyres has attained substantial growth over the last five years, it appears that the company has performed well and shown consistent improvement in its financials.
However, it is important to consider various factors such as market conditions, competition, and future growth prospects before making any investment decisions.
What did we learn?
- 1 JK Tyre Q3 FY24 Highlights: Strong Profit Surge, Capacity Expansion, and Strategic Market Moves
- 2 How to buy JK Tyre and Industries shares?
- 3 Share Price Prediction of JK Tyre and Industries: 2024 to 2030
- 3.1 JK Tyre and Industries Share Price Target 2024
- 3.2 JK Tyre and Industries Share Price Target 2025
- 3.3 JK Tyre and Industries Share Price Target 2026
- 3.4 JK Tyre and Industries Share Price Target 2027
- 3.5 JK Tyre and Industries Share Price Target 2028
- 3.6 JK Tyre and Industries Share Price Target 2029
- 3.7 JK Tyre and Industries Share Price Target 2030
- 4 Financial Condition of JK Tyre and Industries: Last 5 years
- 5 Emkay Global Financial on JK Tyre and Industries Share Price Target
- 6 FAQS
- 7 Conclusion
