JK Tyre & Industries Limited

NSEI:JKTYRE Stock Report

Market Cap: ₹99.1b

JK Tyre & Industries Valuation

Is JKTYRE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of JKTYRE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: JKTYRE (₹361.55) is trading below our estimate of fair value (₹364.65)

Significantly Below Fair Value: JKTYRE is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for JKTYRE?

Key metric: As JKTYRE is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for JKTYRE. This is calculated by dividing JKTYRE's market cap by their current earnings.
What is JKTYRE's PE Ratio?
PE Ratio13.5x
Earnings₹7.37b
Market Cap₹99.14b

Price to Earnings Ratio vs Peers

How does JKTYRE's PE Ratio compare to its peers?

The above table shows the PE ratio for JKTYRE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average30.5x
500878 CEAT
19.7x19.5%₹111.4b
APOLLOTYRE Apollo Tyres
21.1x17.8%₹305.7b
509243 TVS Srichakra
41.6x19.2%₹27.0b
500168 Goodyear India
39.7xn/a₹23.2b
JKTYRE JK Tyre & Industries
13.5x18.6%₹99.1b

Price-To-Earnings vs Peers: JKTYRE is good value based on its Price-To-Earnings Ratio (13.5x) compared to the peer average (30.5x).

Price to Earnings Ratio vs Industry

How does JKTYRE's PE Ratio compare vs other companies in the IN Auto Components Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
513262 Steel Strips Wheels
4.8x-31.3%US$373.77m
INNOVATIVE Innovative Tyres & Tubes
0.3xn/aUS$1.22m
505100 India Radiators
0.8xn/aUS$94.74k
523415 Coventry Coil-O-Matic (Haryana)
0.9xn/aUS$88.40k
No more companies available in this PE range
JKTYRE 13.5xIndustry Avg. 30.9xNo. of Companies18PE020406080100+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: JKTYRE is good value based on its Price-To-Earnings Ratio (13.5x) compared to the Indian Auto Components industry average (30.9x).

Price to Earnings Ratio vs Fair Ratio

What is JKTYRE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

JKTYRE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.5x
Fair PE Ratio31.8x

Price-To-Earnings vs Fair Ratio: JKTYRE is good value based on its Price-To-Earnings Ratio (13.5x) compared to the estimated Fair Price-To-Earnings Ratio (31.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst JKTYRE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹361.55
₹505.17
+39.7%
14.4%₹650.00₹415.00n/a6
Nov ’25₹397.90
₹529.83
+33.2%
16.6%₹700.00₹415.00n/a6
Oct ’25₹428.10
₹529.83
+23.8%
16.6%₹700.00₹415.00n/a6
Sep ’25₹400.30
₹529.83
+32.4%
16.6%₹700.00₹415.00n/a6
Aug ’25₹436.60
₹532.33
+21.9%
16.4%₹700.00₹435.00n/a6
Jul ’25₹445.80
₹532.33
+19.4%
16.4%₹700.00₹435.00n/a6
Jun ’25₹405.25
₹532.33
+31.4%
16.4%₹700.00₹435.00n/a6
May ’25₹422.00
₹541.20
+28.2%
21.7%₹700.00₹380.00n/a5
Apr ’25₹428.95
₹541.20
+26.2%
21.7%₹700.00₹380.00n/a5
Mar ’25₹520.90
₹541.20
+3.9%
21.7%₹700.00₹380.00n/a5
Feb ’25₹522.25
₹469.40
-10.1%
34.6%₹700.00₹260.00n/a5
Jan ’25₹393.30
₹298.40
-24.1%
30.2%₹392.00₹145.00n/a5
Dec ’24₹352.65
₹298.40
-15.4%
30.2%₹392.00₹145.00n/a5
Nov ’24₹308.15
₹255.20
-17.2%
26.5%₹320.00₹145.00₹397.905
Oct ’24₹278.00
₹282.75
+1.7%
15.5%₹320.00₹210.00₹428.104
Sep ’24₹267.65
₹272.00
+1.6%
16.9%₹320.00₹210.00₹400.303
Aug ’24₹263.20
₹185.00
-29.7%
13.4%₹205.00₹150.00₹436.603
Jul ’24₹236.75
₹185.00
-21.9%
13.4%₹205.00₹150.00₹445.803
Jun ’24₹187.85
₹185.00
-1.5%
13.4%₹205.00₹150.00₹405.253
May ’24₹178.60
₹175.33
-1.8%
10.3%₹190.00₹150.00₹422.003
Apr ’24₹155.00
₹175.33
+13.1%
10.3%₹190.00₹150.00₹428.953
Mar ’24₹149.85
₹165.25
+10.3%
14.2%₹190.00₹135.00₹520.904
Feb ’24₹164.55
₹160.75
-2.3%
21.0%₹198.00₹120.00₹522.254
Jan ’24₹184.15
₹160.75
-12.7%
21.0%₹198.00₹120.00₹393.304
Dec ’23₹199.60
₹160.75
-19.5%
21.0%₹198.00₹120.00₹352.654
Nov ’23₹168.60
₹155.75
-7.6%
19.5%₹198.00₹120.00₹308.154

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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