{"id":11321,"date":"2017-05-12T17:12:41","date_gmt":"2017-05-12T11:42:41","guid":{"rendered":"https:\/\/blog.fundsindia.com\/blog\/?p=11321"},"modified":"2017-05-12T17:12:41","modified_gmt":"2017-05-12T11:42:41","slug":"jk-tyre-industries-ltd","status":"publish","type":"post","link":"https:\/\/fundsindia.com\/blog\/equities\/jk-tyre-industries-ltd\/11321","title":{"rendered":"JK Tyre &#038; Industries Ltd."},"content":{"rendered":"<p><strong>Radialisation trend catching up fast\u2026 <\/strong><\/p>\n<p style=\"text-align: justify;\">JK Tyre &amp; Industries Ltd (JK Tyre) has been in the business of manufacturing and selling tyres since its inception in 1977. Further, JK Tyre derives 86%\/14% of its revenues from Indian\/Mexican markets. It commands a dominant market share of 28% in truck tyre segment.<\/p>\n<p style=\"text-align: justify;\"><strong>Valuations:<\/strong><\/p>\n<p style=\"text-align: justify;\">Given JK Tyre\u2019s dominant position in TBR segment coupled with robust brand equity, we expect revenue to grow at a CAGR of ~10% over FY17-19E. However, PAT is expected to grow at a CAGR of ~19% on account of low base effect. We initiate JK Tyre with a \u2018BUY\u2019 rating with a TP of Rs183 at 6.5x FY19E EPS.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2017\/05\/Research-Report-JK-Tyre-Industries-Ltd.pdf\">Research Report JK Tyre &amp; Industries Ltd<\/a><\/p>\n<p style=\"text-align: justify;\"><i>Investments in equity shares, debentures, etc., are not obligations of, or guaranteed by Wealth India Financial Services Pvt. Ltd., and are subject to investment risks.\u00a0<a href=\"http:\/\/pages.fundsindia.com\/pages\/disclaimer-equities\/\">Click here<\/a>\u00a0to read our full disclaimer.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Radialisation trend catching up fast\u2026 JK Tyre &amp; Industries Ltd (JK Tyre) has been in the business of manufacturing and selling tyres since its inception in 1977. Further, JK Tyre derives 86%\/14% of its revenues from Indian\/Mexican markets. It commands a dominant market share of 28% in truck tyre segment. Valuations: Given JK Tyre\u2019s dominant [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[59],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>JK Tyre &amp; Industries Ltd.<\/title>\n<meta name=\"description\" content=\"Find the latest research report on JK Tyre &amp; Industries Ltd. 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