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Balkrishna Industries Ltd (BALKRISIND)

₹3190.050.6%

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Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

Performance

  • Day's Low

    Day's High

    ₹3,182.15
    ₹3,244.95
  • 52 Week's Low

    52 Week's High

    ₹2,193.8
    ₹3,283.5
1 Month Return+ 29.78 %
3 Month Return+ 40.42 %
1 Year Return+ 38.17 %
Previous Close₹3,209.20
Open₹3,223.05
Volume2.07L
Upper Circuit-
Lower Circuit-
Market Cap₹62,039.35Cr

Analyst Rating

based on 22 analysts

HOLD
40.91%
Buy
18.18%
Hold
40.91%
Sell

Based on 22 analysts offering long term price targets for Balkrishna Industries Ltd. An average target of ₹2789.59

Source: S&P Global Market Intelligence

Company Information

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: ₹3190.05 per share as on 13 Jun, 2024 04:01 PM
Market Capitalisation: ₹62,039.35Cr as of today
Revenue: ₹2,681.92Cr as on March 2024 (Q1 24)
Net Profit: ₹486.75Cr as on March 2024 (Q1 24)
Listing date: 10 May, 1995
Chairperson Name: Arvind Poddar
OrganisationBalkrishna Industries Ltd
HeadquartersMumbai
IndustryTyres
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Key events for Balkrishna Industries Ltd

  • Motilal Oswal Recommends Buying Balkrishna Industries Shares - 12 Jun, 2024

    Balkrishna Industries stock is in an overall uptrend and gave a massive range breakout on the monthly scale after thirty-three months. The stock retested previous support zones and formed a bullish candle with strong buying seen from lower zones. On a daily scale, the stock gave a trend line breakout after thirteen sessions and formed a strong bullish candle. RSI is on the verge of positive crossover.

  • ICICI Securities Retains Add Rating on Balkrishna Industries - 04 Jun, 2024

    ICICI Securities has retained an Add rating on Balkrishna Industries and raised the target price to Rs 3,200 from Rs 2,966 earlier. The company's March OTR exports were the highest in the last 20 months, with a share of exports standing at 62% in Q4 compared to the historic average of 50%.

  • KR Choksey Downgrades Balkrishna Industries Rating to REDUCE - 30 May, 2024

    Balkrishna Industries' rating has been downgraded from HOLD to REDUCE by KR Choksey due to stretched valuations and recent stock price run-up. Target price set at INR 2,998/share.

  • Balkrishna Industries Sees Volume Growth Despite Global Peers Cutting Production - 24 May, 2024

    Balkrishna Industries has seen volume growth despite global peers cutting production. The company's high P/E ratio is due to strong earnings growth, but its forecasted growth is lower than the wider market.

  • Balkrishna Industries Reports Strong FY24 Results; Stock Gains 21% - 23 May, 2024

    Balkrishna Industries reports strong FY24 results with revenue exceeding analyst estimates by 3.5%, net income up 39% YoY, and EPS surpassing estimates by 13%. The company's stock has gained 21% over the past month due to growing volumes despite lackluster growth from global peers.

  • Balkrishna Industries Beats Earnings Expectations - 22 May, 2024

    Balkrishna Industries reported revenues of ₹94b, beating expectations and resulting in an 11% increase in price target to ₹2,719 per share. Analysts forecast a 14% revenue growth rate for the company by 2025, with EPS expected to expand 20%. The upgrades suggest increased optimism towards Balkrishna Industries.

  • Balkrishna Industries Reports Strong Q4 Earnings - 21 May, 2024

    Balkrishna Industries reported strong Q4 earnings with an 87.3% YoY increase in consolidated net profit and revenue growth of 15.7%. Nomura upgraded the stock to Buy while Citi maintained its Sell rating.

  • Balkrishna Industries Reports Strong Financial Results and Receives Upgrade - 20 May, 2024

    Balkrishna Industries reports strong financial results for March 2024 with an increase in net sales, net profit, and EBITDA. Sharekhan upgrades the stock from Hold to Buy with a revised price target of Rs. 3,195 based on the company's strong earnings beat and volume growth. SBI Securities' technical analysis also indicates strong bullish momentum.

  • Balkrishna Industries Reports Strong Q4 Results; Share Price Surges - 18 May, 2024

    Balkrishna Industries reported an 88% YoY increase in net profit for Q4 FY24, reaching Rs 480.85 crore, leading to a surge in share prices. The company's consolidated net profit increased 39.16% to Rs 1,471.49 crore despite a 4% fall in revenue from operations to Rs 9,368.87 crore in FY24 over FY23. Balkrishna Industries also declared a final dividend of Rs 4 per equity share for the financial year 2023-24.

  • Balkrishna Industries Reports Q4 Earnings, Recommends Dividend - 17 May, 2024

    Balkrishna Industries released its Q4 FY24 earnings report and announced a final dividend of ₹4 per equity share.

  • Balkrishna Industries Ltd Up 1.52% on NSE - 16 May, 2024

    Balkrishna Industries Ltd is trading at Rs 2554.95, up 1.52% on the day and has gained 15.9% in the last year compared to a 21.94% gain in NIFTY and a 62.61% gain in the Nifty Auto index. The stock's PE ratio based on TTM earnings ending December 23 is 40.11.

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

    Revenue Rich

    img

    Revenue is up for the last 2 quarters, 2.34K Cr → 2.85K Cr (in ₹), with an average increase of 18.0% per quarter

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 14.01% to 14.63% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 2 quarters, 305.42 Cr → 486.75 Cr (in ₹), with an average increase of 37.3% per quarter

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 1 month, BALKRISIND stock has moved up by 29.8%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

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

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, JK Tyre & Industries Ltd has given 194.0% return, outperforming this stock by 152.8%

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, JK Tyre & Industries Ltd has given 112.2% return, outperforming this stock by 74.0%

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 12.69% to 12.24% in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 7.60% to 7.38% in Mar 2024 quarter

Balkrishna Industries Ltd Valuation

Balkrishna Industries Ltd in the last 5 years

  • Overview

  • Trends

Lowest (15.39x)

March 23, 2020

Today (42.16x)

June 12, 2024

Industry (65.45x)

June 12, 2024

Highest (48.97x)

November 16, 2023

LowHigh

Mutual Fund Holdings

Funds Holdings
HDFC Mid-Cap Opportunities Fund -Direct Plan - Growth OptionHDFC Mid-Cap Opportunities Fund -Direct Plan - Growth Option3.02%
Parag Parikh Flexi Cap Direct GrowthParag Parikh Flexi Cap Direct Growth1.92%
Kotak Flexicap Fund Direct GrowthKotak Flexicap Fund Direct Growth1.29%
DSP Midcap Fund Direct Plan GrowthDSP Midcap Fund Direct Plan Growth2.69%
Motilal Oswal Midcap Direct GrowthMotilal Oswal Midcap Direct Growth4.11%

Shareholding Pattern

InvestorsHoldings %Prev. 1 periods3M change
Promoter Holdings
58.29%
0.00
Foreign Institutions
12.24%
0.00
Mutual Funds
14.63%
0.00
Retail Investors
7.38%
0.00
Others
7.46%
0.00

Frequently Asked Questions

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Balkrishna Industries Ltd (BALKRISIND) share price today is ₹3190.05

Balkrishna Industries Ltd is listed on NSE

Balkrishna Industries Ltd is listed on BSE

  • Today’s highest price of Balkrishna Industries Ltd is ₹3244.95.
  • Today’s lowest price of Balkrishna Industries Ltd is ₹3182.15.

PE Ratio of Balkrishna Industries Ltd is 42.16

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 2.07L.

Today’s market capitalisation of Balkrishna Industries Ltd(BALKRISIND) is ₹62039.35Cr.

Balkrishna Industries Ltd(BALKRISINDPrice
52 Week High
₹3283.5
52 Week Low
₹2193.8

Balkrishna Industries Ltd(BALKRISIND) share price is ₹3190.05. It is down -2.85% from its 52 Week High price of ₹3283.5

Balkrishna Industries Ltd(BALKRISIND) share price is ₹3190.05. It is up 45.41% from its 52 Week Low price of ₹2193.8

Balkrishna Industries Ltd(BALKRISINDReturns
1 Day Returns
-19.15%
1 Month Returns
29.78%
3 Month Returns
40.42%
1 Year Returns
38.17%