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Balkrishna Industries Ltd share price logo

Balkrishna Industries Ltd

(BALKRISIND)

₹2857.81.82%

as on 04:01PM, 09 Dec 2024

Overview
News
Financials
Q2 2024 Results
Technicals
F&O

Balkrishna Industries Ltd Analyst Rating

based on 21 analysts

HOLD

33.33%

Buy

28.57%

Hold

38.10%

Sell

Based on 21 analysts offering long term price targets for Balkrishna Industries Ltd. An average target of ₹2923.43

Source: S&P Global Market Intelligence

Balkrishna Industries Ltd Share analysis

Balkrishna Industries Ltd price forecast by 21 analysts

Upside of4.16%

High

₹3500

Target

₹2923.43

Low

₹2159

Balkrishna Industries Ltd target price ₹2923.43, a slight upside of 4.16% compared to current price of ₹2857.8. According to 21 analysts rating.

Source: S&P Global Market Intelligence

Balkrishna Industries Ltd Performance

  • Day's Low

    Day's High

    ₹2,682.05
    ₹2,894.5
  • 52 Week's Low

    52 Week's High

    ₹2,193.8
    ₹3,375
1 Month Return+ 0.87 %
3 Month Return-5.58 %
1 Year Return+ 9.11 %
Previous Close₹2,806.70
Open₹2,800.15
Volume2.59L
Upper Circuit-
Lower Circuit-
Market Cap₹54,258.34Cr

Balkrishna Industries Ltd Key Statistics

P/E Ratio33.3
PEG Ratio1.11
Market Cap₹54,258.34 Cr
P/B Ratio5.06
EPS76.12
Dividend Yield0.69
SectorTyres
ROE15.52

Balkrishna Industries Ltd Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
HOLD₹54,258.34 Cr40.71%0.63₹1,471 Cr₹9,368 Cr
BUY₹62,457.54 Cr108.32%0.61₹924 Cr₹14,030 Cr
BUY₹41,574.04 Cr17.04%0.58₹517 Cr₹3,184 Cr
HOLD₹63,075.62 Cr40.86%0.68₹910 Cr₹15,682 Cr
HOLD₹32,877.83 Cr23.53%0.50₹680 Cr₹10,240 Cr

About Balkrishna Industries Ltd

Balkrishna Industries Ltd (BKT) is an Indian multinational corporation founded in 1987 and headquartered in Mumbai. The company is engaged in the manufacture and distribution of off-highway tires and is the world's 13th largest manufacturer.

BKT's operations span across four major lines of business: agricultural, earthmoving, industrial, and ATV/UTV tires. The company is well-known for producing high-performance, durable tires for a variety of applications. Their agricultural tires are used for tractors, harvesters, and other agricultural machinery. Meanwhile, their earthmoving tires are used for construction and mining vehicles. BKT also manufactures industrial tires for forklifts, port equipment, and other industrial machinery.

BKT's top products include the Agrimax Force, Agrimax Spargo, Earthmax SR 41, Earthmax SR 47, and Earthmax SR 53. These tires are renowned for their superior traction, long-lasting performance, and high-quality materials. BKT's popular brands include Agrimax, Earthmax, and BKT. These tires are used by leading OEMs and aftermarket customers around the world.

Share Price: ₹2857.80 per share as on 09 Dec, 2024 04:01 PM
Market Capitalisation: ₹54,258.34Cr as of today
Revenue: ₹2,419.74Cr as on September 2024 (Q3 24)
Net Profit: ₹346.94Cr as on September 2024 (Q3 24)
Listing date: 10 May, 1995
Chairperson Name: Arvind Poddar
OrganisationBalkrishna Industries Ltd
HeadquartersMumbai
IndustryTyres
E-voting on sharesClick here to vote

Key events for Balkrishna Industries Ltd

  • Balkrishna Industries Reports Q2 Results and Dividend - 28 Oct, 2024

    Balkrishna Industries shares surged after announcing Q2 FY25 results, showing steady revenue growth despite a slight decline in net profit. An interim dividend of ₹4 per share was also declared.
  • Balkrishna Industries Reports Q2 Results and Dividend - 27 Oct, 2024

    Balkrishna Industries Ltd reported a slight 0.14% YoY decline in net profit to ₹346.9 crore for Q2 FY2024-25. The board declared a second interim dividend of ₹4 per equity share.
  • Balkrishna Industries Announces Ex-Dividend Date - 26 Oct, 2024

    Balkrishna Industries Ltd will trade ex-dividend on October 31, 2024, offering an interim dividend of Rs 4 per share, with the record date also set for the same day.
  • Balkrishna Industries Reports Q2 Results and Dividend - 25 Oct, 2024

    Balkrishna Industries reported Q2 FY25 results with a revenue increase of 7.4% to ₹2,420 crore and a flat net profit of ₹346.9 crore. The company declared a second interim dividend of ₹4 per share. Overall, the results reflect stable performance amid market challenges.
  • Balkrishna Industries Shares Decline Amid Rubber Supply Concerns - 04 Oct, 2024

    On October 4, Balkrishna Industries shares fell 3.53%, closing at Rs 2,860, due to worries over a global natural rubber supply shortage and rising prices. The stock has declined 6.61% over the last two days.

Insights on Balkrishna Industries Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 14.56% to 15.36% in Sep 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, CEAT Ltd has given 35.4% return, outperforming this stock by 26.3%

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, CEAT Ltd has given 166.0% return, outperforming this stock by 140.9%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 58.29% of holdings in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 2 quarters, 489.99 Cr → 346.94 Cr (in ₹), with an average decrease of 29.2% per quarter

  • imgNEGATIVE IMPACT

    Revenue Fall

    img

    Revenue is down for the last 2 quarters, 2.87K Cr → 2.51K Cr (in ₹), with an average decrease of 12.7% per quarter

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 12.61% to 11.72% in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 6 months, BALKRISIND stock has moved down by -13.7%

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 6.66% to 6.53% in Sep 2024 quarter

Balkrishna Industries Ltd Financials

Value in ₹ crore
DetailsQ'3 23Q'4 23Q'1 24Q'2 24Q'3 24
Revenue₹2,253.19Cr (-)₹2,274.41Cr (↑0.94%)₹2,681.92Cr (↑17.92%)₹2,714.50Cr (↑1.21%)₹2,419.74Cr (↓10.86%)
Net Income₹347.44Cr (-)₹305.42Cr (↓12.09%)₹486.75Cr (↑59.37%)₹489.99Cr (↑0.67%)₹346.94Cr (↓29.19%)
Net Profit Margin15.42% (-)13.43% (↓12.91%)18.15% (↑35.15%)18.05% (↓0.55%)14.34% (↓20.55%)
Value in ₹ crore
Details2021202220232024
Total Assets₹8,052.97Cr (-)₹10,857.09Cr (↑34.82%)₹12,272.33Cr (↑13.04%)₹13,604.99Cr (↑10.86%)
Total Liabilities₹2,045.76Cr (-)₹3,932.54Cr (↑92.23%)₹4,683.19Cr (↑19.09%)₹4,743.06Cr (↑1.28%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow₹1,163.92Cr (-)₹1,363.03Cr (↑17.11%)₹881.27Cr (↓35.34%)₹1,414.33Cr (↑60.49%)₹2,052.47Cr (↑45.12%)

Index Inclusions

S&P BSE 150 MidCap

₹16,424.29

0.17 (28.23%)

BSE 200

₹11,389.83

-0.21 (-23.42%)

Nifty Auto

₹23,775.05

-0.77 (-185.2%)

BSE Mid-Cap

₹47,821.82

0.32 (152.1%)

Nifty 200

₹13,977.20

-0.14 (-19.6%)

BSE Auto

₹53,816.99

-0.64 (-345.36%)

S&P BSE 250 LargeMidCap

₹10,813.09

-0.17 (-18.82%)

Nifty Midcap 150

₹21,748.50

0.38 (83.1%)

S&P BSE 400 MidSmallCap

₹12,567.31

0.26 (32.21%)

Nifty LargeMidcap 250

₹16,290.00

0.06 (9.9%)

Nifty 500

₹23,292.00

-0.09 (-20.1%)

Nifty Midcap 100

₹58,998.75

0.5 (294.15%)

Nifty MidSmallcap 400

₹20,606.60

0.38 (77.6%)

BSE 500

₹36,639.05

-0.11 (-41.96%)

S&P BSE AllCap

₹10,471.31

0.68 (71.07%)

Balkrishna Industries Ltd Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
58.29%
0.00
Foreign Institutions
11.72%
-7.09
Mutual Funds
15.36%
5.51
Retail Investors
6.53%
-1.84
Others
8.1%
2.71

Balkrishna Industries Ltd Key Indicators

Details20202021202220232024
Book Value Per Share (₹)259.09310.39358.67390.94458.04
Details20202021202220232024
Earning Per Share (₹)49.6560.9274.2654.776.12
Details20202021202220232024
Return On Equity %19.4720.9421.8214.8615.52
Details20202021202220232024
Return On Assets %14.214.6213.228.6210.82

Balkrishna Industries Ltd Valuation

Balkrishna Industries Ltd in the last 5 years

  • Overview

  • Trends

Lowest (15.39x)

March 23, 2020

Industry (29.51x)

December 6, 2024

Today (33.30x)

December 6, 2024

Highest (48.97x)

November 16, 2023

LowHigh

Balkrishna Industries Ltd Earnings and Dividends

  • Balkrishna Industries Ltd Earnings Results

    Balkrishna Industries Ltd’s net profit fell -0.14% since last year same period to ₹346.94Cr in the Q2 2024-2025. On a quarterly growth basis, Balkrishna Industries Ltd has generated -29.19% fall in its net profits since last 3-months.

    Read More about Earnings Results
  • Balkrishna Industries Ltd Dividends October,2024

    In the quarter ending September 2024, Balkrishna Industries Ltd has declared dividend of ₹4 - translating a dividend yield of 0.56%.

    Read More about Dividends

Balkrishna Industries Ltd Technicals Summary

Bearish

Neutral

Bullish

Bullish

Balkrishna Industries Ltd is currently in a Bullish trading position according to technical analysis indicators.

FAQs on Balkrishna Industries Ltd

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Balkrishna Industries Ltd (BALKRISIND) share price today is ₹2857.8

Balkrishna Industries Ltd is listed on NSE

Balkrishna Industries Ltd is listed on BSE

  • Today’s highest price of Balkrishna Industries Ltd is ₹2894.5.
  • Today’s lowest price of Balkrishna Industries Ltd is ₹2682.05.

PE Ratio of Balkrishna Industries Ltd is 33.3

PE ratio = Balkrishna Industries Ltd Market price per share / Balkrishna Industries Ltd Earnings per share

Today’s traded volume of Balkrishna Industries Ltd(BALKRISIND) is 2.59L.

Today’s market capitalisation of Balkrishna Industries Ltd(BALKRISIND) is ₹54258.34Cr.

Balkrishna Industries Ltd(BALKRISINDPrice
52 Week High
₹3375
52 Week Low
₹2193.8

Balkrishna Industries Ltd(BALKRISIND) share price is ₹2857.8. It is down -15.32% from its 52 Week High price of ₹3375

Balkrishna Industries Ltd(BALKRISIND) share price is ₹2857.8. It is up 30.27% from its 52 Week Low price of ₹2193.8

Balkrishna Industries Ltd(BALKRISINDReturns
1 Day Returns
51.1%
1 Month Returns
0.87%
3 Month Returns
-5.58%
1 Year Returns
9.11%