Buy JK Tyre & Industries, target price Rs 700: Emkay Global

Emkay Global has buy call on JK Tyre & Industries with a target price of Rs 700. The current market price of JK Tyre & Industries is Rs 417.25.

JK Tyre & Industries Ltd., incorporated in the year 1951, is a Small Cap company (having a market cap of Rs 10864.35 Crore) operating in Tyres sector.

JK Tyre & Industries Ltd. key Products/Revenue Segments include Tyres, Tubes & Flaps, Other Services and Other Operating Revenue for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 3714.08 Crore, up .37 % from last quarter Total Income of Rs 3700.32 Crore and up 1.90 % from last year same quarter Total Income of Rs 3644.92 Crore. Company reported net profit after tax of Rs 174.90 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 53.13 per cent stake in the company as of 31-Mar-2024, while FIIs owned 15.29 per cent, DIIs 5.18 per cent.