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JKTYRE Share Price Target

JK Tyre & Industries Ltd.
Sector: Tyres
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JKTYRE Share Price *
68.2 +0.25 (0.37%)
* (quote may be delayed)
JKTYRE Share Price Forecast - Consensus
No. of reports in last year
3
No. of analysts
2
Average Consensus Forecast
116.67
Consensus Potential
40.88%

JKTYRE Share Price Target - Broker Reports - 2019

Reliance Securities
22-May-19
Price @ Call: 79.2
Target: 115
BUY
Looking ahead, we expect JKT may face challenging environment in the near-term, while its performance is expected to improve from 2HFY20 onwards owing to sustained growth in sales volume, reduction in manpower cost and better cost control. At CMP, the stock trades at a lower multiple vis-à-vis its peers mainly due to high debt. However, we expect a likely pick-up in utilisation and moderate capex requirement to aid JKT to de-leverage its balance-sheet over the next 3-5 years. Factoring in ongoing slowdown and margin pressure, we lower our EPS estimates by 15% each for FY20E/FY21E (Factoring 7% earnings cut and ~8% equity dilution). Post recent correction, the stock trades at attractive valuation of 5.4x FY21E EPS. Maintaining our valuation multiples for FY21E, we reiterate our BUY recommendation on the stock with a revised Target Price of Rs115 (Rs.135 earlier), valuing the stock at 8xFY21E EPS.
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ICICIdirect.com
20-May-19
Price @ Call: 79.41
Target: 100
BUY
We expect sales and PAT to grow at a CAGR of 10.7% and 34.2%, respectively, in FY19-21E. JKTIL is expected to benefit from balance sheet de-leveraging amid steady replacement demand and stable raw material prices. We value JKTIL at Rs 100 i.e. 5.5x EV/EBITDA (FY21E) and assign BUY rating. RoE profile at JKTIL is also expected to improve to 13% by FY21E.
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Reliance Securities
15-Feb-19
Price @ Call: 89.43
Target: 135
BUY

JKTYRE Share Price Target - Broker Reports - 2018

Reliance Securities
6-Mar-18
Price @ Call: 156.95
Target: 210
BUY

JKTYRE Share Price Target - Broker Reports - 2017

Reliance Securities
21-Nov-17
Price @ Call: 146.79
Target: 165
BUY

ICICIdirect.com
18-Aug-17
Price @ Call: 154.2
Target: 155
HOLD

KRChoksey
6-Jul-17
Price @ Call: 169.85
Target: 224
BUY

Geojit Financial Services
6-Jun-17
Price @ Call: 179
Target: 212
BUY

ICICIdirect.com
18-May-17
Price @ Call: 179
Target: 215
BUY

ICICIdirect.com
3-May-17
Price @ Call: 179
Target: 215
BUY

ICICIdirect.com
16-Feb-17
Price @ Call: 116
Target: 145
BUY

JKTYRE Share Price Target - Broker Reports - 2016

ICICIdirect.com
17-Nov-16
Price @ Call: 120
Target: 145
BUY

Dynamic Levels
7-Oct-16
Price @ Call: 152.75
Target: 165
BUY

  • JKTYRE - Share Price Target Potential

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    BrokerageTargetPotential
    Reliance Securities11540.91%
    ICICIdirect.com10032.05%