JK Tyre is a manufacturer of tyre products for various vehicles. It has a strong position in the market among the top 25 manufacturers in the world. If you want to know the future price of JK Tyres, then this forecast will be beneficial because we will share the target price for the years 2024 to 2035.
Before we go to proceed with the target price, we need to provide some basic information about the company.
JK Tyre is present in 105 countries with more than 180 global distributors, has 12 global manufacturing facilities, and collectively produces 35 million Tyres annually.
The company caters to diverse business segments in the automobile industry. If we look at its current performance, it is showing an uptrend, and its share price reached to Rs.441.80, which is up 181% in the 6 months.
Over three years, the company maintained a healthy payout of 17.3% and a return on equity (RoE) of 10%. Market experts say that there will be a bullish trend in the next 12 months, and by 2025, the share price will reach Rs 350 to Rs 425.
JK Tyre share price target
The target price of JK Tyre is based on our research and technical analysis, which is the estimated value, and a brief overview of the target price is given below.
| Target Year | Low | High |
|---|---|---|
| 2024 | ₹505 | ₹565 |
| 2025 | ₹650 | ₹720 |
| 2026 | ₹740 | ₹875 |
| 2028 | ₹920 | ₹1015 |
| 2030 | ₹1195 | ₹1380 |
| 2035 | ₹1985 | ₹2150 |
Read also – NHPC target price
Target Year 2024
Based on our research, the expected target price by the end of 2024 could be Rs 445 to Rs 535.
| 2024 | Target |
|---|---|
| January | ₹505 |
| February | ₹522 |
| March | ₹502 |
| April | ₹485 |
| May | ₹493 |
| June | ₹515 |
| July | ₹528 |
| August | ₹518 |
| September | ₹535 |
| October | ₹495 |
| November | ₹505 |
| December | ₹512 |
Target Year 2025
According to our forecast system, the expected target price for JK Tyre shares by the end of 2025 could be Rs 610 to Rs 705.
| 2025 | Target Price |
|---|---|
| January | ₹631 |
| February | ₹632 |
| March | ₹642 |
| April | ₹632 |
| May | ₹663 |
| June | ₹675 |
| July | ₹688 |
| August | ₹678 |
| September | ₹685 |
| October | ₹645 |
| November | ₹705 |
| December | ₹682 |
Target Year 2026
The company has strong fundamentals which can have a positive impact on the share price. In such a situation, it is expected the share price may reach Rs 720 to Rs 875.
| 2026 | Target Price |
|---|---|
| January | ₹731 |
| February | ₹734 |
| March | ₹745 |
| April | ₹752 |
| May | ₹763 |
| June | ₹775 |
| July | ₹788 |
| August | ₹875 |
| September | ₹845 |
| October | ₹855 |
| November | ₹805 |
| December | ₹812 |
Target Year 2028
The company has shown good financial results over the years, and it may continue in the coming years. Our expected target price for JK Tyre shares is Rs 920 to Rs 1015 by 2028.
| 2028 | Target Price |
|---|---|
| January | ₹931 |
| February | ₹920 |
| March | ₹940 |
| April | ₹952 |
| May | ₹963 |
| June | ₹975 |
| July | ₹988 |
| August | ₹1015 |
| September | ₹998 |
| October | ₹965 |
| November | ₹1005 |
| December | ₹1012 |
Target Year 2030
If we look at its past, the company has given returns of up to 352 per cent in 5 years, and this is a positive sign for JK Tyres. The share prices should reach Rs 1195 to Rs 1380 by the end of 2030.
| 2030 | Target Price |
|---|---|
| January | ₹1201 |
| February | ₹1232 |
| March | ₹1196 |
| April | ₹1252 |
| May | ₹1263 |
| June | ₹1275 |
| July | ₹1288 |
| August | ₹1318 |
| September | ₹1345 |
| October | ₹1380 |
| November | ₹1355 |
| December | ₹1372 |
Target Year 2035
| 2035 | Target Price |
|---|---|
| January | ₹1985 |
| February | ₹2005 |
| March | ₹2025 |
| April | ₹2085 |
| May | ₹1998 |
| June | ₹2050 |
| July | ₹2096 |
| August | ₹2074 |
| September | ₹2085 |
| October | ₹2150 |
| November | ₹2105 |
| December | ₹2112 |
Fundamentals
As per the financial report released by the company, the revenue in March 2024 is Rs 3,630 crore, which is 9.68% higher and the net income is Rs 108.68 crore, which is 169.6% higher.
| ROE | 15.14% |
| EPS | 27.80 |
| Dividend Yield | 0.43% |
| PE Ratio | 15.80% |
| Debt to Equity | 1.18 |
| Face Value | 2 |
See also
Growth results
| Year | Sales Growth | Profit Growth | RoE |
|---|---|---|---|
| Last year | 22% | 48% | 9% |
| 3 years | 19% | 2% | 9% |
| 5 years | 12% | 68% | 10% |
| 10 years | 8% | 4% | 13% |
FAQs
The target price for JK Tyres is Rs 610 to Rs 705 by 2025.
The expected target price for JK Tyre shares is Rs 920 to Rs 1015 by 2028.
The share price target for JK Tyre will be Rs 1195 to Rs 1380 by the end of 2030.
JK Tyre has good financial results, profitability, and operational efficiency and can be a good long-term option.
Important Links:
- Official Website: Check here
- Home Page: Check here
Conclusion
Overall, the company’s fundamentals are strong, and its financial results have been good in the past. The company has expanded its business to other countries also, which may have a long-term impact on the share price.
Disclaimer: We are not SEBI-registered financial advisors and no part of the website content should be considered financial advice. Before investing in any company you should research and consult your financial advisor.
