Balkrishna Industries Ltd (BALKRISIND)
₹3136.45
Analyst Rating
based on 22 analysts
40.91%
Buy
22.73%
Hold
36.36%
Sell
Based on 22 analysts offering long term price targets for Balkrishna Industries Ltd. An average target of ₹2841
Source: S&P Global Market Intelligence
Balkrishna Industries Ltd Share analysis
Source: S&P Global Market Intelligence
Performance
Day's Low
Day's High
₹3,123.25₹3,184.9552 Week's Low
52 Week's High
₹2,193.8₹3,363.95
| Returns % | |
| 1 Month Return | -1.5 % |
| 3 Month Return | + 36.1 % |
| 1 Year Return | + 33.74 % |
| Market Stats | |
| Previous Close | ₹3,174.75 |
| Open | ₹3,174.75 |
| Volume | 93.54K |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹61,373.37Cr |
Key Statistics
| P/E Ratio | 41.71 |
| PEG Ratio | 1.94 |
| Market Cap | ₹61,373.37 Cr |
| P/B Ratio | 5.06 |
| EPS | 49.65 |
Peer Comparison
Company | Analyst View | Market Cap | 5 Year CAGR | Debt to Asset Ratio | Net Profit | Yearly Revenue |
|---|---|---|---|---|---|---|
| HOLD | ₹61,373.37 Cr | 68.47% | 0.63 | ₹1,471 Cr | ₹9,368 Cr |
 | BUY | ₹58,068.06 Cr | 118.98% | 0.61 | ₹700 Cr | ₹11,236 Cr |
 | BUY | ₹40,937.88 Cr | 18.65% | 0.58 | ₹517 Cr | ₹3,184 Cr |
 | HOLD | ₹74,433.65 Cr | 54.09% | 0.68 | ₹910 Cr | ₹15,682 Cr |
 | HOLD | ₹35,762.12 Cr | 33.5% | 0.51 | ₹479 Cr | ₹8,804 Cr |
Company Information
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: ₹3136.45 per share as on 24 Jul, 2024 04:01 PM
Market Capitalisation: ₹61,373.37Cr 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
| Organisation | Balkrishna Industries Ltd |
| Headquarters | Mumbai |
| Industry | Tyres |
| E-voting on shares | Click here to vote |
Key events for Balkrishna Industries Ltd
Balkrishna Industries Ltd Stock Surges on Strong Financial Results - 17 Jul, 2024
Shares of Balkrishna Industries Ltd rose 0.84% to hit an intraday high at Rs. 3,180 on Tuesday following a YoY revenue growth of around 15.7% and net profit increase of 87.2%. The stock has delivered positive returns of nearly 28.7% over the past year and about 21% YTD.
Balkrishna Industries Sets Up Mould Manufacturing Plant - 16 Jul, 2024
Balkrishna Industries has completed the construction of a new mould manufacturing plant at its Bhuj unit, investing Rs 300 crore in the project.
Balkrishna Industries' Profit Boosted by Unusual Items - 04 Jul, 2024
Balkrishna Industries Ltd's profit received a boost of ₹2.0b in unusual items over the last year, which may dampen enthusiasm for investors. If those items don't show up again this year, weaker profits are expected without business growth.
Balkrishna Industries to Trade Ex-Dividend - 01 Jul, 2024
Balkrishna Industries is set to trade ex-dividend on July 5th. The company's next dividend payment will be ₹4.00 per share, and in the last 12 months, the company paid a total of ₹16.00 per share. Balkrishna Industries has grown its earnings per share while simultaneously reinvesting in the business. The current dividend looks sustainable with a conservative payout ratio.
Balkrishna Industries Focuses on Off Highway Tire Segment - 28 Jun, 2024
Balkrishna Industries reports significant risks to tire manufacturing due to global economic slowdown, ongoing wars and potential stagflation. However, the company sees growth opportunities in the increased demand for vehicles globally. Management aims to focus on Off Highway Tire segment with targeted approach towards specific customer needs.
Balkrishna Industries Outperforms Peers with 43% Returns - 19 Jun, 2024
Balkrishna Industries has generated 43% returns in the last three months, outperforming MRF and Apollo Tyres. The company's better-than-expected performance in Q4, exports, and market share gains have contributed to its success.
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.
POSITIVE IMPACTFII Holding Up
Foreign Institutions have increased holdings from 12.24% to 12.61% in Jun 2024 quarter
- POSITIVE IMPACT
Profit Spike
Netprofit is up for the last 2 quarters, 305.42 Cr → 486.75 Cr (in ₹), with an average increase of 37.3% per quarter
- POSITIVE IMPACT
Price Rise
In the last 3 months, BALKRISIND stock has moved up by 36.1%
- POSITIVE IMPACT
Revenue Rich
Revenue is up for the last 2 quarters, 2.34K Cr → 2.85K Cr (in ₹), with an average increase of 18.0% per quarter
NO EFFECTAgainst Peers
In the last 3 years, JK Tyre & Industries Ltd has given 203.5% return, outperforming this stock by 167.5%
- NO EFFECT
Promoter Holding Unchanged
Promoters holdings remained unchanged at 58.29% of holdings in Jun 2024 quarter
- NO EFFECT
Against Peers
In the last 1 year, JK Tyre & Industries Ltd has given 76.9% return, outperforming this stock by 43.2%
NEGATIVE IMPACTRetail Holding Down
Retail Investor have decreased holdings from 7.38% to 6.66% in Jun 2024 quarter
- NEGATIVE IMPACT
MF Holding Down
Mutual Funds have decreased holdings from 14.63% to 14.56% in Jun 2024 quarter
Company Financials
| Q'1 24 | Q/Q Change | |
|---|---|---|
Revenue | ₹2,681.92Cr | ↑17.92% |
Net Income | ₹486.75Cr | ↑59.37% |
Net Profit Margin | 18.15% | ↑35.15% |
| 2024 | Y/Y Change | |
|---|---|---|
Revenue | ₹9,368.87Cr | ↓4.00% |
Net Income | ₹1,471.49Cr | ↑39.16% |
Net Profit Margin | 15.71% | ↑45.06% |
| 2024 | Y/Y Change | |
|---|---|---|
Total Assets | ₹13,604.99Cr | ↑10.86% |
Total Liabilities | ₹4,743.06Cr | ↑1.28% |
| 2024 | Y/Y Change | |
|---|---|---|
Operating Cash Flow | ₹2,052.47Cr | ↑45.12% |
Shareholding Pattern
| Investors | Holdings % | FY Quarter | 3M change |
|---|---|---|---|
| Promoter Holdings | 58.29% | 0.00 | |
| Foreign Institutions | 12.61% | 3.01 | |
| Mutual Funds | 14.56% | ||
| Retail Investors | 6.66% | ||
| Others | 7.88% | 5.74 |
Key Indicators
Balkrishna Industries Ltd Valuation
Balkrishna Industries Ltd in the last 5 years
Lowest (15.39x)
March 23, 2020
Industry (34.79x)
July 23, 2024
Today (41.71x)
July 23, 2024
Highest (48.97x)
November 16, 2023
Earnings and Dividends
Balkrishna Industries Ltd Earnings Results
Balkrishna Industries Ltd’s net profit jumped 87.36% since last year same period to ₹486.75Cr in the Q4 2023-2024. On a quarterly growth basis, Balkrishna Industries Ltd has generated 59.37% jump in its net profits since last 3-months.
Read More about Earnings ResultsBalkrishna Industries Ltd Dividends May,2024
In the quarter ending March 2024, Balkrishna Industries Ltd has declared dividend of ₹4 - translating a dividend yield of 0.63%.
Read More about Dividends
Technicals Summary
Bearish
Neutral
Bullish
Balkrishna Industries Ltd is currently in a Bearish trading position according to technical analysis indicators.
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Balkrishna Industries Ltd (BALKRISIND) share price today is ₹3136.45
Balkrishna Industries Ltd is listed on NSE
Balkrishna Industries Ltd is listed on BSE
- Today’s highest price of Balkrishna Industries Ltd is ₹3184.95.
- Today’s lowest price of Balkrishna Industries Ltd is ₹3123.25.
PE Ratio of Balkrishna Industries Ltd is 41.71
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 93.54K.
Today’s market capitalisation of Balkrishna Industries Ltd(BALKRISIND) is ₹61373.37Cr.
| Balkrishna Industries Ltd(BALKRISIND | Price |
|---|---|
52 Week High | ₹3363.95 |
52 Week Low | ₹2193.8 |
Balkrishna Industries Ltd(BALKRISIND) share price is ₹3136.45. It is down -6.76% from its 52 Week High price of ₹3363.95
Balkrishna Industries Ltd(BALKRISIND) share price is ₹3136.45. It is up 42.97% from its 52 Week Low price of ₹2193.8
| Balkrishna Industries Ltd(BALKRISIND | Returns |
|---|---|
1 Day Returns | -38.3% |
1 Month Returns | -1.5% |
3 Month Returns | 36.1% |
1 Year Returns | 33.74% |