External broker reports(aggregated public sources), ICICI Securities Ltd

ICICI Securities Limited

External broker reports(aggregated public sources)

ICICI Securities Ltd

ICICI Securities Limited provides investment services. The Company provides corporate and investment banking, securities, wealth management, retail brokerage, initial public offerings, and advisory services. 

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Equity Bottom-Up

<ul><li>JK Tyre (JKT) is a leading tyre manufacturer with annual capacity pegged at 6.2 lakh MT.</li><li>It serves various automotive segments via India, Mexico plants with dominance in truck/bus radial (TBR) space domestically.</li><li>FY22 segment mix – truck/bus ~55%, PCR ~26%, 2-W, 3-W ~4% </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

JK Tyre (JKT) is a leading tyre manufacturer with annual capacity pegged at 6.2 lakh MT.It serves various automotive segments via India, Mexico plants with dominance in truck/bus radial (TBR) space domestically.FY22 segment mix – truck/bus ~55%, PCR ~26%, 2-W, 3-W ~4% Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

JK Tyre and Industries (JKT) - Steady Base; Anticipating Margin Recovery in H2FY23

<ul><li>JK Tyre (JKT) is a leading tyre manufacturer with annual capacity pegged at 5.75 lakh MT</li><li>It serves various automotive segments via India, Mexico plants with dominance in truck/bus radial (TBR) space domestically</li><li>Target Price and Valuation: Introducing FY24E, we now value the company at Rs 170 i.e. 5.2x average EV/EBITDA on FY23E-24E basis (earlier target price Rs 185).</li></ul><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

JK Tyre (JKT) is a leading tyre manufacturer with annual capacity pegged at 5.75 lakh MTIt serves various automotive segments via India, Mexico plants with dominance in truck/bus radial (TBR) space domesticallyTarget Price and Valuation: Introducing FY24E, we now value the company at Rs 170 i.e. 5.2x average EV/EBITDA on FY23E-24E basis (earlier target price Rs 185).Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

JK Tyre & Industries: Return Ratios Set to Improve, Inexpensive Valuations

India

JK Tyre and Industries Limited manufactures a wide range of automobile tires, tubes and flaps. The Company also operates a chain of tire outlets across India which sell the Company's tires in addition to providing a range of automotive services, including wheel alignment and tire changing.

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JK Tyre & Industries (JKI IN)

JK Tyre and Industries (JKT) - Steady Base; Anticipating Margin Recovery in H2FY23

It serves various automotive segments via India, Mexico plants with dominance in truck/bus radial (TBR) space domestically. FY22 segment mix –...

ICICI Securities Limited

JK Tyre & Industries: Return Ratios Set to Improve, Inexpensive Valuations

JK Tyre (JKT) is a leading tyre manufacturer with annual capacity pegged at 5.75 lakh MT. It serves various automotive segments via India, Mexico...

ICICI Securities Limited

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