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Balkrishna Industries Ltd (BALKRISIND)

₹2562.350.59%

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Overview
Fundamentals
Q1 '23 Results
Technicals
News and Events

Overview of Balkrishna Industries Ltd

What's happening in Balkrishna Industries Ltd

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    Today's Timeline - 25 Sep

    11:33 AM

    -

    Balkrishna Industries is a top pick for long-term investment in the auto ancillary sector based on valuation multiples, likely earnings growth, and return on equity.

    12:19 PM

    -

    ICICI Securities suggests Balkrishna Industries had a focused approach on core business during the last 20 years, with higher earnings growth and RoE than 'cost of equity'.

Key events for Balkrishna Industries Ltd

  • Balkrishna Industries Named Top Pick for Long-Term Investment - 25 Sep, 2023

    Balkrishna Industries Ltd has been named a top pick for long-term investment in the auto ancillary sector due to its strong financial performance and prudent capital allocation decisions.

  • Balkrishna Industries' Net Debt Increases to Rs 25.0b - 20 Sep, 2023

    Balkrishna Industries' net debt has increased to about Rs 25.0b due to an increase in debt over the past year, while its EBITDA is only 1.4 times its net debt. However, its EBIT covers interest expenses by 94.5 times.

  • Balkrishna Industries Stock Shows Positive Bias - 18 Sep, 2023

    The stock price of Balkrishna Industries has broken out above a triangular consolidation, signaling a positive bias. The daily 14 periods RSI has generated a buy signal, supporting the positive outlook. Analysts expect the stock to head towards Rs 2,850 levels in the coming weeks.

  • Balkrishna Industries Ltd shares rise 1% along with Mahindra & Mahindra and Ashok Leyland - 15 Sep, 2023

    Shares of Balkrishna Industries, Mahindra & Mahindra, and Ashok Leyland rose by 1%.

  • Balkrishna Industries Ltd declines 2% along with other auto stocks - 12 Sep, 2023

    Balkrishna Industries Ltd, along with Tata Motors, Bosch, and Eicher Motors, declined around 2% each.

  • Auto Ancillary Stocks Rise, Balkrishna Industries Up - 11 Sep, 2023

    Balkrishna Industries Ltd's stock rose between 0.3% and 1.9%, along with other auto ancillary companies like Bharat Forge, Bosch, MRF, Samvardhana Motherson, and Sona BLW Precision.

  • IIFL Securities Sets Target Price for Balkrishna Industries Ltd - 08 Sep, 2023

    IIFL Securities has set a target price of Rs 2,600 for Balkrishna Industries Ltd, indicating an upside of over 8% from the current market price. The firm expects BIL's margins to improve as volumes and mix recover.

  • Balkrishna Industries Reports Strong Sales and Production Capacity Growth - 21 Aug, 2023

    Balkrishna Industries Ltd reported strong sales growth in FY23 and doubled its carbon black production capacity. The stock gained 13% on the market.

  • Sukhani Recommends Positional Buy on Balkrishna Industries - 16 Aug, 2023

    Technical analyst Sudarshan Sukhani recommends a positional buy on Balkrishna Industries with a stop loss under Rs 2,300. Shares have declined over 2% in the past month.

  • Fund Managers Buy into Balkrishna Industries Ltd - 14 Aug, 2023

    Fund managers used a bottom-up approach to buy into two-wheelers and auto ancillaries. They bought into companies like Balkrishna Industries, where valuations provide a margin of safety.

  • Balkrishna Industries Announces Interim Dividend - 11 Aug, 2023

    Balkrishna Industries Ltd has announced an interim dividend of Rs 4 per equity share with a face value of Rs 2. The record date is set for August 12.

  • Balkrishna Industries Reports Weak Q1 Results - 07 Aug, 2023

    Balkrishna Industries Ltd's Q1FY24 net profit slipped 2.3% YoY to Rs 312.28 crore, while total income declined 19.1% to Rs 2,223.70 crore. The stock is recommended as a sell by analysts.

  • Balkrishna Industries Reports Q1 Results - 05 Aug, 2023

    Balkrishna Industries Ltd reported Q1 revenue of INR 22,651.1 million and net income of INR 3,318.8 million. The company also reported total income of Rs. 2265.11 crores for the period ended June 30, 2023.

  • Balkrishna Industries Hits 52-Week High - 01 Aug, 2023

    Balkrishna Industries Ltd's shares surge to a 52-week high of Rs 2,568.55 and an analyst recommends a buy call with a target of Rs 2,630.

  • Balkrishna Industries Stock Crosses 20-Day SMA - 27 Jul, 2023

    Balkrishna Industries Ltd's stock crossed the 20-day Simple Moving Average (SMA) at Rs 2393.92 and closed at Rs 2502.35 on July 26, indicating an upswing for the leading off-highway tyre manufacturer catering to agricultural, industrial, and construction sectors globally.

  • Balkrishna Industries Shows Positive Momentum - 19 Jul, 2023

    Balkrishna Industries breaches 'Symmetrical Triangular' pattern, exhibiting higher high-low formation on daily chart and holding above reference line on weekly strength indicator RSI, indicating positive momentum.

  • Balkrishna Industries Aims to Increase Off-Highway Tyres Sales Mix - 11 Jul, 2023

    Balkrishna Industries Ltd plans to increase its off-highway tyre sales mix to 50% in the next 3-4 years and double its global OHT market share to 10% by FY27-28. The company has also reported Q4 FY23 consolidated total income of Rs 2,374.02 crore.

  • Balkrishna Industries Faces Headwinds; Announces Dividend - 10 Jul, 2023

    Balkrishna Industries Ltd's shares declined over 4% as brokerage firms predict near-term headwinds and channel de-stocking. The company announced a dividend of Rs 4 per equity share with a face value of Rs 2.

  • Balkrishna Industries Stock Breaks Out From Descending Triangle Pattern - 28 Jun, 2023

    Balkrishna Industries Ltd's stock has broken out from a descending triangle pattern on the upside, with experts suggesting a potential target of Rs 3,000 in the medium term. The stock is holding well above crucial moving averages and is trading well above most of the crucial short- and long-term moving averages on the daily charts.

  • Balkrishna Industries Ltd sees increase in H1 FY23 exports and Q4 FY23 income - 21 Jun, 2023

    Balkrishna Industries Ltd's off-highway tyre exports rose to ~59% in H1 FY23 due to excess stocking at dealer level. The company reported a consolidated total income of Rs 2374.02 Crore for Q4 FY23, up 7.40% QoQ.

Analyst Rating

based on 20 analysts

HOLD
38.10%
Buy
33.33%
Hold
28.57%
Sell

Based on 20 analysts offering long term price targets for Balkrishna Industries Ltd. An average target of ₹2338.1

Source: S&P Global Market Intelligence

Balkrishna Industries Ltd Performance

  • ₹2535.45
    ₹2578.9
    ₹2562.35
    downward going graph

    1.05%

    Downside

    Day's Volatility:1.70%

    Upside

    0.65%

    downward going graph
  • ₹1796.3
    ₹2578.9
    ₹2562.35
    downward going graph

    29.90%

    Downside

    52 Weeks Volatility:30.54%

    Upside

    0.65%

    downward going graph
1 Month Return7.23 %
3 Month Return6.62 %
1 Year Return35.33 %
Previous Close₹2,547.20
Open₹2,552.70
Volume3.17L
Market Cap₹49,241.75Cr

Balkrishna Industries Ltd 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: ₹2562.35 per share as on 25 Sep, 2023 04:01 PM
Market Capitalisation: ₹49,241.75Cr as of today
Revenue: ₹2,374.02Cr as on March 2023 (Q1 23)
Net Profit: ₹259.80Cr as on March 2023 (Q1 23)
Listing date: 10 May, 1995
Chairperson Name: Arvind Poddar
OrganisationBalkrishna Industries Ltd
HeadquartersMumbai
IndustryTyres
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Fundamentals of Balkrishna Industries Ltd

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

    Profit Spike
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    Netprofit is up for the last 2 quarters, 108.38 Cr → 259.8 Cr (in ₹), with an average increase of 58.3% per quarter

  • imgPOSITIVE IMPACT

    Revenue Rich
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    Revenue is up for the last 2 quarters, 2.21K Cr → 2.37K Cr (in ₹), with an average increase of 6.9% per quarter

  • imgPOSITIVE IMPACT

    MF Holding Up
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    Mutual Funds have increased holdings from 11.37% to 12.39% in Jun 2023 quarter

  • imgPOSITIVE IMPACT

    Price Rise
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    In the last 3 years, BALKRISIND stock has moved up by 87.9%

  • imgNO EFFECT

    Against Peers
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    In the last 1 year, MRF Ltd has given 37.3% return, outperforming this stock by 1.9%

  • imgNO EFFECT

    Against Peers
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    In the last 3 years, Apollo Tyres Ltd has given 209.3% return, outperforming this stock by 121.4%

  • imgNO EFFECT

    Promoter Holding Unchanged
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    Promoters holdings remained unchanged at 58.29% of holdings in Jun 2023 quarter

  • imgNEGATIVE IMPACT

    FII Holding Down
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    Foreign Institutions have decreased holdings from 12.43% to 12.41% in Jun 2023 quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down
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    Retail Investor have decreased holdings from 8.98% to 8.30% in Jun 2023 quarter

Balkrishna Industries Ltd Valuation

Balkrishna Industries Ltd in the last 5 years

  • Overview

  • Trends

Lowest (15.39x)

March 23, 2020

Today (45.53x)

September 22, 2023

Industry (50.25x)

September 22, 2023

Highest (45.59x)

September 20, 2023

LowHigh

Mutual Fund Holdings

Funds Holdings
HDFC Mid-Cap Opportunities Fund -Direct Plan - Growth OptionHDFC Mid-Cap Opportunities Fund -Direct Plan - Growth Option2.41%
Kotak Flexicap Fund Direct GrowthKotak Flexicap Fund Direct Growth1.64%
DSP Midcap Fund Direct Plan GrowthDSP Midcap Fund Direct Plan Growth2.71%
Motilal Oswal Flexicap Fund Direct Plan GrowthMotilal Oswal Flexicap Fund Direct Plan Growth3.58%
Parag Parikh Flexi Cap Direct GrowthParag Parikh Flexi Cap Direct Growth0.7%

Balkrishna Industries Ltd Shareholding Pattern

InvestorsHoldings %Prev. 2 periods3M change
Promoter Holdings
58.29%
0.00
Foreign Institutions
12.41%
-0.14
Mutual Funds
12.39%
9.01
Retail Investors
8.3%
-7.60
Others
8.61%
-3.62

Technicals of Balkrishna Industries Ltd

News & Events of Balkrishna Industries Ltd

Frequently Asked Questions

Balkrishna Industries Ltd (BALKRISIND) share price today is ₹2562.35

  • Today’s highest price of Balkrishna Industries Ltd is ₹2578.9.
  • Today’s lowest price of Balkrishna Industries Ltd is ₹2535.45.

Today’s traded volume of Balkrishna Industries Ltd(BALKRISIND) is 3.17L.

Today’s market capitalisation of Balkrishna Industries Ltd(BALKRISIND) is ₹49241.75Cr.

Balkrishna Industries Ltd(BALKRISINDPrice
52 Week High
₹2578.9
52 Week Low
₹1796.3

Balkrishna Industries Ltd(BALKRISIND) share price is ₹2562.35. It is down -0.64% from its 52 Week High price of ₹2578.9

Balkrishna Industries Ltd(BALKRISIND) share price is ₹2562.35. It is up 42.65% from its 52 Week Low price of ₹1796.3

Balkrishna Industries Ltd(BALKRISINDReturns
1 Day Returns
15.15%
1 Month Returns
7.23%
3 Month Returns
6.62%
1 Year Returns
35.33%