Analyst Rating
based on 21 analysts
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 ₹2846.24
Source: S&P Global Market Intelligence
Balkrishna Industries Ltd Share analysis
Balkrishna Industries Ltd price forecast by 21 analysts
Downside of
High
₹3500
Target
₹2846.24
Low
₹2133
Balkrishna Industries Ltd target price ₹2846.24, a slight downside of -7.47% compared to current price of ₹3035.55. According to 21 analysts rating.
Excluding Excise Duty and Other Income, represents Net Revenue
Balkrishna Industries Ltd revenue growth forecast
Expected growth rate Q1, FY2026:26.45%
Forecast
Actual
Including amortisation and stock based compensations
Balkrishna Industries Ltd EPS growth forecast
EPS estimate Q1, FY2026:39.60%
Forecast
Actual
Source: S&P Global Market Intelligence
Performance
Day's Low
Day's High
₹3,014.6₹3,087.8552 Week's Low
52 Week's High
₹2,193.8₹3,375
| Returns % | |
| 1 Month Return | + 9.77 % |
| 3 Month Return | -8.06 % |
| 1 Year Return | + 21.73 % |
| Market Stats | |
| Previous Close | ₹3,076.00 |
| Open | ₹3,076.00 |
| Volume | 1.89L |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹59,464.37Cr |
Key Statistics
| P/E Ratio | 36.49 |
| PEG Ratio | 1.29 |
| Market Cap | ₹59,464.37 Cr |
| P/B Ratio | 5.06 |
| EPS | 76.12 |
| Dividend Yield | 0.69 |
| Sector | Tyres |
| ROE | 15.52 |
Peer Comparison
Company | Analyst View | Market Cap | 5 Year CAGR | Debt to Asset Ratio | Net Profit | Yearly Revenue |
|---|---|---|---|---|---|---|
| HOLD | ₹59,464.37 Cr | 62.55% | 0.63 | ₹1,471 Cr | ₹9,368 Cr | |
| HOLD | ₹60,427.87 Cr | 108.21% | 0.61 | ₹924 Cr | ₹14,030 Cr | |
| BUY | ₹46,308.35 Cr | 21.27% | 0.58 | ₹517 Cr | ₹3,184 Cr | |
| HOLD | ₹74,312.60 Cr | 59.78% | 0.68 | ₹910 Cr | ₹15,682 Cr | |
| HOLD | ₹33,868.80 Cr | 32.67% | 0.50 | ₹680 Cr | ₹10,240 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: ₹3035.55 per share as on 18 Sep, 2024 04:01 PM
Market Capitalisation: ₹59,464.37Cr as of today
Revenue: ₹2,714.50Cr as on June 2024 (Q2 24)
Net Profit: ₹489.99Cr as on June 2024 (Q2 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 Continues Upward Trend - 06 Sep, 2024
Balkrishna Industries Ltd is up 0.62% at Rs 2976, marking its fifth consecutive session of gains. Despite a 7.28% drop over the past month, the stock has risen 23.99% year-over-year, outperforming the NIFTY and Nifty Auto indices. Trading volume is below average today.
Balkrishna Industries Shows Positive Short-Term Outlook - 23 Aug, 2024
Balkrishna Industries stock is showing positive signs after a correction from Rs 3,400 to Rs 2,750. Analysts suggest buying at current levels with targets of Rs 2,940-2,970 and a stop loss at Rs 2,820. The stock edged up 0.01% to Rs 2,871.95.
Balkrishna Industries Faces Decline Amid Target Price Cuts - 12 Aug, 2024
Balkrishna Industries Ltd shares dropped 10% following target price cuts by Citi and Nomura due to poor demand outlook and rising costs, despite strong Q1 earnings.
Balkrishna Industries Reports Strong Q1 Profit Growth - 11 Aug, 2024
Balkrishna Industries reported a 47.6% year-on-year increase in net profit to ₹490 crore for Q1 ending June 30, 2024, with revenue rising 25.7% to ₹2,714.5 crore.
Balkrishna Industries Reports Strong Q1 Earnings - 09 Aug, 2024
Balkrishna Industries Ltd reported a 47.6% YoY increase in net profit to ₹490 crore for Q1 FY24. Revenue rose 25.7% to ₹2,714.5 crore. The company declared a ₹4 interim dividend and plans ₹1,300 crore in capital expenditure to expand production capacity.
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 IMPACTRevenue Rich
Revenue is up for the last 3 quarters, 2.34K Cr → 2.87K Cr (in ₹), with an average increase of 9.4% per quarter
- POSITIVE IMPACT
FII 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 3 quarters, 305.42 Cr → 489.99 Cr (in ₹), with an average increase of 19.0% per quarter
NO EFFECTAgainst Peers
In the last 3 years, Apollo Tyres Ltd has given 137.7% return, outperforming this stock by 113.7%
- 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, Apollo Tyres Ltd has given 38.9% return, outperforming this stock by 17.2%
NEGATIVE IMPACTPrice Dip
In the last 3 months, BALKRISIND stock has moved down by -8.1%
- NEGATIVE IMPACT
MF Holding Down
Mutual Funds have decreased holdings from 14.63% to 14.56% in Jun 2024 quarter
- NEGATIVE IMPACT
Retail Holding Down
Retail Investor have decreased holdings from 7.38% to 6.66% in Jun 2024 quarter
Company Financials
Index Inclusions
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 (31.04x)
September 17, 2024
Today (36.49x)
September 17, 2024
Highest (48.97x)
November 16, 2023
Earnings and Dividends
Balkrishna Industries Ltd Earnings Results
Balkrishna Industries Ltd’s net profit jumped 47.64% since last year same period to ₹489.99Cr in the Q1 2024-2025. On a quarterly growth basis, Balkrishna Industries Ltd has generated 0.67% jump in its net profits since last 3-months.
Read More about Earnings ResultsBalkrishna Industries Ltd Dividends August,2024
In the quarter ending June 2024, Balkrishna Industries Ltd has declared dividend of ₹4 - translating a dividend yield of 0.52%.
Read More about Dividends
Technicals Summary
Bearish
Neutral
Bullish
Balkrishna Industries Ltd is currently in a Bullish trading position according to technical analysis indicators.
Frequently Asked Questions
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Balkrishna Industries Ltd (BALKRISIND) share price today is ₹3035.55
Balkrishna Industries Ltd is listed on NSE
Balkrishna Industries Ltd is listed on BSE
- Today’s highest price of Balkrishna Industries Ltd is ₹3087.85.
- Today’s lowest price of Balkrishna Industries Ltd is ₹3014.6.
PE Ratio of Balkrishna Industries Ltd is 36.49
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 1.89L.
Today’s market capitalisation of Balkrishna Industries Ltd(BALKRISIND) is ₹59464.37Cr.
| Balkrishna Industries Ltd(BALKRISIND | Price |
|---|---|
52 Week High | ₹3375 |
52 Week Low | ₹2193.8 |
Balkrishna Industries Ltd(BALKRISIND) share price is ₹3035.55. It is down -10.06% from its 52 Week High price of ₹3375
Balkrishna Industries Ltd(BALKRISIND) share price is ₹3035.55. It is up 38.37% from its 52 Week Low price of ₹2193.8
| Balkrishna Industries Ltd(BALKRISIND | Returns |
|---|---|
1 Day Returns | -40.45% |
1 Month Returns | 9.77% |
3 Month Returns | -8.06% |
1 Year Returns | 21.73% |