JK Tyre and Industries Share Price Target 2023 to 2030: Can it touch 500 INR?

JK Tyre is one of the leading tyre 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 tyres 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 2023 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 tyres to its Ranger series and expanding its retail network.

Latest news about JK Tyre and Industries

JK Tyre has increased its presence in Northern India by introducing two new SUV tyres to its Ranger series and expanding its retail network.

JK Tyre & Ind saw a 17.45% year-over-year increase in their consolidated net sales for December 2022, reaching Rs 3,612.92 crore.

How to buy JK Tyre and Industries shares?

You can buy JK Tyre and Industries shares from the following trading platforms:

➤ Zerodha

➤ Upstox

➤ Groww

➤ AngelOne

➤ ICICIDirect

Share Price Prediction of JK Tyre and Industries: 2023 to 2030

Share Price Target 2023 of JK Tyre and Industries

When Maximum Price Minimum Price
May 2023 ₹210.56 ₹138.66
June 2023 ₹195.23 ₹126.39
July 2023 ₹186.42 ₹127.67
August 2023 ₹193.54 ₹140.44
September 2023 ₹211.51 ₹147.46
October 2023 ₹223.04 ₹140.44
November 2023 ₹232.78 ₹154.48
December 2023 ₹224.93 ₹173.02

JK Tyre share price predictions for 2023 looks overall. The maximum share price for JK tyre for 2023 is predicted to be in December at ₹224.93, while the minimum price price is predicted to be in June at ₹126.39. This indicates that there will be a significant range of prices for investors to consider throughout the year.

Some of the growth indicators of the company are that the company has given , over a five-year period, consistently high returns. It is also overbought by Money Flow Index. It has Increased profit margins and rising net profit (quarter-over-quarter). In the past two years, book value per share has also increased. It is a company with Zero Promoter Pledge. Over 20% in one month was gained by the stock. Among the factors limiting the company’s expansion are its declining net cash flow and a sharp decline in TTM net profit.

Despite the fluctuation in prices, the growth percentage appears to be positive overall, with a projected uptrend in the latter half of the year. This is indicated by the bullish trend from July to December, where the maximum price is consistently higher than the minimum price.

The predictions suggest that JK Tyre may experience growth in 2023.

Share Price Target 2024 of JK Tyre and Industries

When Maximum Price Minimum Price
January 2024 ₹236.77 ₹182.13
February 2024 ₹266.03 ₹221.69
March 2024 ₹280.03 ₹227.67
April 2024 ₹254.57 ₹195.83
May 2024 ₹212.14 ₹163.19
June 2024 ₹254.57 ₹195.83
July 2024 ₹216.39 ₹167.74
August 2024 ₹238.03 ₹188.91
September 2024 ₹249.93 ₹192.25
October 2024 ₹294.03 ₹226.18
November 2024 ₹308.73 ₹237.49
December 2024 ₹314.91 ₹242.24

Like 2023, JK Tyre share price target for 2024 shows an overall positive trend with some fluctuations. The average target price for 2024 is estimated to be around ₹248, which is higher than the maximum price of ₹314.91 and lower than the minimum price of ₹163.19. This suggests that there is a potential upside for investors who buy at lower prices and hold onto their investments.

Investors should note that the projected prices are subject to change based on a variety of factors, such as the performance of the company, changes in the industry and the economy, and unforeseen events. However, with the projected growth in the latter half of 2024, it may be a good time for investors to consider buying JK Tyre stock.

Share Price Target 2025 of JK Tyre and Industries

When Maximum Price Minimum Price
January 2025 ₹321.21 ₹247.08
February 2025 ₹338.11 ₹260.09
March 2025 ₹355.02 ₹273.09
April 2025 ₹316.98 ₹243.83
May 2025 ₹288.16 ₹221.66
June 2025 ₹316.98 ₹243.83
July 2025 ₹301.89 ₹232.22
August 2025 ₹314.46 ₹241.90
September 2025 ₹330.19 ₹253.99
October 2025 ₹350.00 ₹269.23
November 2025 ₹374.50 ₹288.08
December 2025 ₹381.99 ₹293.84

JK Tyre’s maximum price target for 2025 is estimated to be ₹381.99, while the minimum price target is ₹221.66.

The projected average target price for 2025 is around ₹327, which is higher than the minimum price target and suggests potential returns for investors.

However, some months in the projected period appear to be bearish, which could negatively impact the stock price. As such, investors should conduct their due diligence and carefully monitor market trends before making any investment decisions.

JK Tyre and Industries Share Price Prediction 2026-2030

Year Maximum Price Minimum Price
2026 ₹267.39 ₹187.17
2027 ₹227.28 ₹159.10
2028 ₹409.11 ₹286.38
2029 ₹840.37 ₹588.26
2030 ₹935.87 ₹655.11

JK Tyre share price target for 2026 to 2030 shows a mixed trend with both upsides and downsides.

The maximum price target for JK tyre in 2026 is estimated to be around ₹267.39, which is lower than the maximum price target of ₹381.99 for 2025. However, the minimum price target for 2026 of ₹187.17 is lower than the minimum price target of ₹243.83 for 2025, indicating a potential bearish trend.

For the following years, the projected prices show an overall positive trend with some fluctuations. The maximum price target for 2027 is estimated to be ₹227.28, which is lower than the maximum price target of ₹409.11 for 2028. However, the minimum price target for 2027 of ₹159.10 is higher than the minimum price target of ₹286.38 for 2028.

Looking at the long-term return potential, the projected maximum price target for 2029 is estimated to be around ₹840.37, which is significantly higher than the maximum price targets of the preceding years.

Similarly, the maximum price target for 2030 is projected to be around ₹935.87, indicating potential growth opportunities for investors who hold onto their investments.

Financial Condition of JK Tyre and Industries: Last 5 years

Narration Mar-18 Mar-19 Mar-20 Mar-21 Mar-22
Sales           8,272.10     10,367.76       8,722.70       9,102.20     11,982.96
Expenses           7,535.03       9,255.85       7,737.10       7,795.86     10,909.60
Operating Profit               737.07       1,111.91           985.60       1,306.34       1,073.36
Other Income               134.70               -4.70           -75.55             80.55             40.10
Depreciation               299.46           315.67           377.83           386.69           385.36
Interest               465.50           521.08           548.99           465.85           419.09
Profit before tax               106.81           270.46           -16.77           534.35           309.01
Tax                     43.89             94.17         -165.78           200.91           108.71
Net profit                     66.04           176.34           150.76           319.34           210.02
EPS                       2.91               7.16               6.12             12.97               8.53
Price to earning                     55.96             12.82               6.63               8.40             13.76
Price               162.95             91.85             40.60           109.00           117.35
RATIOS:
Dividend Payout 51.51% 20.95% 11.44% 15.42% 17.59%
OPM 8.91% 10.72% 11.30% 14.35% 8.96%

JK Tyre has shown a steady growth in its revenue and profits over the last five years. The company’s revenue grew from ₹8,272.10 crore in FY18 to ₹11,982.96 crore in FY22, with a compound annual growth rate (CAGR) of approximately 9%.

The profit after tax (PAT) also saw a similar growth trajectory, increasing from ₹66.04 crore in FY18 to ₹210.02 crore in FY22, with a CAGR of approximately 33%. The operating profit margin (OPM) ranged from 8.91% to 14.35%, with a maximum of 14.35% in FY21.

However, the company faced a few challenges in the form of increasing expenses, especially interest and depreciation costs, which resulted in a lower net profit margin (NPM) compared to the OPM. The company’s dividend payout ratio ranged from 11.44% to 51.51%, with a maximum payout in FY18.

The earnings per share (EPS) ranged from ₹2.91 in FY18 to ₹7.89 in FY23. The price-to-earning (P/E) ratio ranged from 6.63 to 25.53, with a maximum P/E ratio in FY23. The Price-to-Book ratio increased from 1.07 in May 2022 to 1.68 in May 2023.

Despite the challenges faced, JK Tyre has managed to maintain its revenue and profit growth, with a healthy operating profit margin. The company has also maintained a consistent dividend payout ratio. However, investors need to keep an eye on the increasing interest and depreciation costs that could impact the company’s net profit margin going forward.

FAQS

Will the share price of JK Tyre and Industries rise in 2023?

It is anticipated that JK Tyre and Industries share price will increase to ₹225 by the end of 2023.

What is the share price target of JK Tyre and Industries for 2025?

The share price target of JK Tyre and Industries for 2025 might be around ₹382.

What is JK Tyre’s revenue growth rate over the past five years?

JK Tyre’s revenue has grown from ₹8,272.10 crore in Mar-18 to ₹11,982.96 crore in Mar-22, representing a percentage growth of 44.22%.

What is the share price target of JK Tyre and Industries for 2030?

The per share price of JK Tyre & Industries might reach around ₹936 by the end of 2030.

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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.

Author: Neha BhardwajHello, I am Neha. I am currently pursuing B.Sc (Hons.) Computer Science from Hansraj College, University of Delhi. I am skilled in web content writing and my interest lies in the field of Data Analytics, Finance and Marketing.

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