₹2562.35▲0.59%
Overview of Balkrishna Industries Ltd
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'.
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.
Source: S&P Global Market Intelligence
1.05%
Downside
Day's Volatility:1.70%
Upside
0.65%
29.90%
Downside
52 Weeks Volatility:30.54%
Upside
0.65%
Returns % | |
1 Month Return | 7.23 % |
3 Month Return | 6.62 % |
1 Year Return | 35.33 % |
Market Stats | |
Previous Close | ₹2,547.20 |
Open | ₹2,552.70 |
Volume | 3.17L |
Market Cap | ₹49,241.75Cr |
Organisation | Balkrishna Industries Ltd |
Headquarters | Mumbai |
Industry | Tyres |
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Fundamentals of Balkrishna Industries Ltd
Netprofit is up for the last 2 quarters, 108.38 Cr → 259.8 Cr (in ₹), with an average increase of 58.3% per quarter
Revenue is up for the last 2 quarters, 2.21K Cr → 2.37K Cr (in ₹), with an average increase of 6.9% per quarter
Mutual Funds have increased holdings from 11.37% to 12.39% in Jun 2023 quarter
In the last 3 years, BALKRISIND stock has moved up by 87.9%
In the last 1 year, MRF Ltd has given 37.3% return, outperforming this stock by 1.9%
In the last 3 years, Apollo Tyres Ltd has given 209.3% return, outperforming this stock by 121.4%
Promoters holdings remained unchanged at 58.29% of holdings in Jun 2023 quarter
Foreign Institutions have decreased holdings from 12.43% to 12.41% in Jun 2023 quarter
Retail Investor have decreased holdings from 8.98% to 8.30% in Jun 2023 quarter
Balkrishna Industries Ltd in the last 5 years
Lowest (15.39x)
March 23, 2020
Today (45.53x)
September 22, 2023
Industry (50.25x)
September 22, 2023
Highest (45.59x)
September 20, 2023
Funds | Holdings |
![]() | 2.41% |
![]() | 1.64% |
![]() | 2.71% |
![]() | 3.58% |
![]() | 0.7% |
Investors | Holdings % | Prev. 2 periods | 3M change |
---|---|---|---|
Promoter Holdings | 58.29% | 0.00 | |
Foreign Institutions | 12.41% | ||
Mutual Funds | 12.39% | 9.01 | |
Retail Investors | 8.3% | ||
Others | 8.61% |
Technicals of Balkrishna Industries Ltd
News & Events of Balkrishna Industries Ltd
Balkrishna Industries Ltd(BALKRISIND | Price |
---|---|
52 Week High | ₹2578.9 |
52 Week Low | ₹1796.3 |
Balkrishna Industries Ltd(BALKRISIND | Returns |
---|---|
1 Day Returns | 15.15% |
1 Month Returns | 7.23% |
3 Month Returns | 6.62% |
1 Year Returns | 35.33% |