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Balkrishna Industries Ltd share Price Today

Company details

3,001.70
3,085.00
2,193.80
3,174.30
6M Return 20.31%
1Y Return 27.51%
Mkt Cap.(Cr) 59,380.22
Volume 321,476
Div Yield 0.52%
OI
-
OI Chg %
-
Volume 321,476

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About The Stock

    Balkrishna Industries (BIL) is the leader in the niche tyre segment used in heavy machinery for mining and agriculture purposes.

    • Exports form lion’s share of its sales at ~80% of its revenues
    • Channel mix: replacement account for ~70% while OEM share is pegged at ~28%. Agriculture accounts for ~63% of volumes with OTR share at ~34%
    • It has consistently operated with high margins & return ratios
Q3FY23

    BIL reported dismal set of numbers for Q3FY23.

    • Standalone net sales for the quarter stood at ₹2,142 crore, down 20.8% QoQ
    • Tonnage for the quarter stood at 66,480 tonnes, down 15.7% QoQ
    • EBITDA margins in Q3FY23 came in at 12%, down 443 bps QoQ
    • PAT stood at ₹ 99.6 crore, down 75% QoQ, impacted by notional forex loss.

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Research view on more stocks

Auto Tyres & Rubber Products company Balkrishna Industries announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Revenue: Rs 2,697 crore, 16% YoY
  • EBITDA: Rs 699 crore 42% YoY
  • EBITDA Margin: 25.9%, 467bps YoY
  • Sales Volume: 82,085 MT 13% YoY
  • Net Profit: Rs 481 crore 88% YoY
  • Final Dividend:  Rs 4 per equity share

FY24 Financial Highlights:

  • Revenue: Rs 9,375 crore -7% YoY
  • EBITDA: Rs 2,322 crore 14% YoY
  • EBITDA Margin: 24.8% 463bps YoY
  • Sales Volume: 2,92,628 MT -3% YoY
  • Net Profit: Rs 1,438 crore 33% YoY
  • Total Dividend:  Rs 16 per equity share

Result PDF

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Balkrishna Industries Ltd shares SWOT Analysis

Strengths (13)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Company with high TTM EPS Growth
  • Strong QoQ EPS Growth in recent results

Weakness (1)

  • Declining Net Cash Flow : Companies not able to generate net cash

Opportunity (0)

Data not found

Threats (2)

  • High PE (PE > 40)
  • Increasing Trend in Non-Core Income

Resistance and support

R1 3,106.7
R2 3,160.5
R3 3,192.0
Pivot

3,075.13

S1 3,021.3
S2 2,989.8
S3 2,936.0
EMA SMA
2,648.9
2,503.0
2,460.9
2,428.0
2,577.2
2,426.9
2,434.9
2,472.3
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
SOCIETE GENERALE Block Purchase 2024-01-25 2714.55 68782 BSE
BNP PARIBAS ARBITRAGE Block Sell 2024-01-25 2714.55 68782 BSE
C WORLDWIDE ASIA Block Purchase 2022-12-13 2059.25 216946 BSE
Name Category Shares
RAJIV PODDAR PROMOTER 27.71%
KHUSHBOO RAJIV PODDAR PROMOTER 3.93%
RISHABH SURESHKUMAR PODDAR PROMOTER 1.44%
VKP ENTERPRISES LLP PROMOTER 24.95%

OUR RESEARCH VIEW

Investment recommendation
Call Date
22 Feb 2023
Entry Price 2,060.00
Target Price 2,170.00
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Balkrishna Industries Ltd Stocks COMPARISON

Financials( in Cr) Balkrishna Industries Ltd MRF Ltd Apollo Tyres Ltd JK Tyre & Industries Ltd CEAT Ltd
Price 3,071.65 131,350.00 486.90 418.55 2,395.55
% Change 0.62 0.91 0.71 0.44 0.64
Mcap Cr 59,380.22 55,705.54 30,923.07 10,912.60 9,690.00
Revenue TTM Cr 9,759.53 23,008.50 24,568.13 14,644.94 11,314.88
Net Profit TTM Cr 1,057.40 768.96 1,104.64 264.74 182.39
PE TTM 40.09 26.52 17.30 13.51 14.05
1 Year Return 27.51 37.56 28.44 133.70 21.32
ROCE 14.41 7.77 9.75 10.26 9.29
ROE 14.59 5.35 8.97 9.56 6.14
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 7,556.93 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 39,612.39 -26,051.38
LAST 3M 102,786.44 -35,737.56
LAST 6M 169,824.52 46,518.61
LAST 12M 263,183.06 125,165.94
Balkrishna Industries Limited - Analysts/Institutional Investor Meet/Con. Call Updates

May 21, 2024 l NSE Announcement

Board of Balkrishna Industries recommends final dividend

May 18, 2024 l BSE Announcement

Balkrishna Industries Limited - Outcome of Board Meeting

May 18, 2024 l NSE Announcement

Date Action Type Ratio
Feb 02, 2024 Dividend 200
Oct 31, 2023 Dividend 200
Aug 11, 2023 Dividend 200

Balkrishna Industries Ltd Information

Stock PE (TTM)
40.09
Promoter Holding
58.29%
Book Value
457.9946
ROCE
14.41%
ROE
14.59%
Description
  • Balkrishna Industries Ltd is in the Tyres sector is having a market capitalization worth Rs. 43,927.42 crores, it is incorporated in the year 1961. It has reported consolidated sales of Rs. 1,885.08 crores in June’2021. The company is listed on the Bombay Stock Exchange (BSE) with the code 502355, and also listed on the National Stock Exchange (NSE) with the code BALKRISIND.

    Balkrishna Industries is involved in the production of specialty tires commonly known as Off-Highway Tyre. These tyres fulfills the requirements of Agriculture, Industrial, Construction, Earthmoving, Mining, Port, and All-Terrain Vehicles (ATVs). The company has established its presence in four continents of the world, namely, (i)Europe, (ii)America, and (iii)Australasia. Balkrishna Industries has also earned the status of "Four Star Export House’". Balkrishna Industries has built a team of 2861 employees. The company has installed four-tire manufacturing plants located in the states of (i)Maharashtra, (ii)Rajasthan, and (iii)Gujarat. The company has installed one Carbon Black manufacturing unit, one wind farm, and one mold unit. The promoters of the company own 58.3% of the stake, Foreign Institutional Investors (FII) own 15.18%, Domestic Institutional Investors (DII) own 14.09% stake in the company, and others (such as public & retail investors) hold the balance of 12.44%.

    In June 2021, quarterly net revenue was Rs. 1,813.07 crores, which has increased by approximately 95.22 % from Rs. 928.72 crores for the April-June 2020 quarter. The quarterly net profit in June 2021 was Rs. 331.2 crores, which has improved sharply and increased by nearly 171.9% from a net profit of Rs. 121.81 crores in June 2020. In June 2021, the reported operating profit was at Rs. 1467.58 crores, which is also increased by 109.50% as compared to an operating profit of Rs. 700.5 crores for the quarter ending in June 2020. From an EPS of Rs. 6.3 in June 2020, the EPS of Balkrishna Industries Ltd has risen to an EPS of Rs. 17.13 per share in June 2021. BALKRISIND's stock closed at Rs. 2272.30 on 26th August’2021 (NSE). Balkrishna Industries Ltd has returned 43.78% in the last six months and returned 64.83% positively in the previous year.

Registered Address

B-66 Walu MIDC, Waluj Industrial Area, Aurangabad., Maharashtra, 431136

Tel : 91-0240-6646950/66663800
Email : shares:bkt-tires.com
Website : http://www.bkt-tires.com
Registrar

Sharepro Services India P Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 502355
NSE Code : BALKRISIND
Book Closure Date (Month) :
BSE Group : A
ISIN : INE787D01026

FAQ’s on Balkrishna Industries Ltd Shares

You can buy Balkrishna Industries Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Balkrishna Industries Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 24, 2024 01:04 PM the closing price of Balkrishna Industries Ltd was Rs.3,071.65.

Market capitalization or market cap is determined by multiplying the current market price of a company�s shares with the total number of shares outstanding. As of May 24, 2024 01:04 PM, the market cap of Balkrishna Industries Ltd stood at Rs. 59,380.22.

The latest PE ratio of Balkrishna Industries Ltd as of May 24, 2024 01:04 PM is 40.09

The latest PB ratio of Balkrishna Industries Ltd as of May 24, 2024 01:04 PM is 0.15

The 52-week high of Balkrishna Industries Ltd share price is Rs. 3,174.30 while the 52-week low is Rs. 2,193.80

According to analyst recommendations, Balkrishna Industries Ltd Share has a "Buy" rating for the long term.

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