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

ICICI Securities Limited

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

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only.  Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

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. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<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