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Balkrishna Industries Ltd

BALKRISIND

Balkrishna Industries Ltd

BALKRISIND
Consumer DiscretionaryTires & Rubber
MidcapWith a market cap of ₹54,690 cr, stock is ranked 162
Moderate RiskStock is 2.26x as volatile as Nifty
2,829.051.31% (-37.55)
2,829.051.31% (-37.55)

Price Chart

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Consumer DiscretionaryTires & Rubber
MidcapWith a market cap of ₹54,690 cr, stock is ranked 162
Moderate RiskStock is 2.26x as volatile as Nifty
Scorecard

Performance

Low

Hasn't fared well - amongst the low performers

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Avg

The stock is overpriced but is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

Consumer DiscretionaryTires & Rubber
MidcapWith a market cap of ₹54,690 cr, stock is ranked 162
Moderate RiskStock is 2.26x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
33.576.180.57%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
38.646.730.49%

Forecast & Ratings

Detailed Forecast 
37%
Analysts have suggested that investors can buy this stock

from 19 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Balkrishna Industries Limited is engaged in manufacturing a range of off-highway tires. These tires are mainly meant for agricultural, industrial and construction, earthmover and port, mining and all-terrain vehicles (ATV).

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Higher than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 12.58%, vs industry avg of 8.67%

Increasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 8.26% to 9.82%

Lower than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 13.72%, vs industry avg of 18.19%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue3,413.193,976.934,783.545,428.165,062.025,955.358,733.0410,106.069,818.0910,579.07
Raw Materialssubtract1,396.021,585.062,194.442,503.672,079.522,455.044,035.414,910.444,524.307,625.45
Power & Fuel Costsubtract118.54129.80176.26186.87164.26173.78282.84348.56315.02
Employee Costsubtract234.92256.86279.92299.15328.63370.86430.07459.43499.51
Selling & Administrative Expensessubtract320.75348.62381.46557.92573.02683.141,274.861,732.941,106.60
Operating & Other expensessubtract346.54271.99309.19358.94392.67289.55262.99600.77667.49
Depreciation/Amortizationsubtract282.32304.00311.40332.61373.61416.30455.37570.81650.72664.84
Interest & Other Itemssubtract39.8522.0014.8312.4410.7911.769.3548.32113.45130.44
Taxes & Other Itemssubtract228.53341.75380.25402.91179.87377.39546.77377.39469.51529.24
EPS23.0637.0838.0640.0249.6460.9174.2554.7076.1284.27
DPS2.754.008.008.0020.0017.0028.0016.0016.0016.00
Payout ratio0.120.110.210.200.400.280.380.290.210.19

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2021

Annual report

PDF

Investor Presentation

May 14PDF
FY 2022

Annual report

PDF

Investor Presentation

May 13PDF
Feb 14PDF
Nov 11PDF
Aug 6PDF
FY 2023

Annual report

PDF

Investor Presentation

May 27PDF
Feb 11PDF
Nov 14PDF
Aug 4PDF
FY 2024

Annual report

PDF

Investor Presentation

Aug 5PDF
 

Peers & Comparison

Comparing 3 stocks from 
Consumer DiscretionaryTires & Rubber

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Balkrishna Industries Ltd37.176.180.57%
MRF Ltd24.323.030.17%
Apollo Tyres Ltd18.112.241.22%
CEAT Ltd18.042.861.05%

Price Comparison

Compare BALKRISIND with any stock or ETF
Compare BALKRISIND with any stock or ETF
BALKRISIND
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding58.29%15.36%8.09%11.72%6.54%

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Shareholding History

JunSepDec '23MarJunSep12.41%12.54%12.69%12.24%12.61%11.72%

Mutual Funds Holding Trend

Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has almost stayed constant

Top 5 Mutual Funds holding Balkrishna Industries Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
HDFC Mid-Cap Opportunities Fund - Growth - Direct Plan

Growth
4.0763%2.97%-0.05%7/79 (-1)
Parag Parikh Flexi Cap Fund - Growth - Direct Plan

Growth
2.1734%1.45%-0.38%18/91 (0)
Motilal Oswal Midcap Fund - Growth - Direct Plan

Growth
1.2971%3.54%-1.64%12/29 (-5)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases

A smallcase is a basket of stocks/ETFs that represents an idea or theme.Diversify your risk and buy smallcases that have Balkrishna Industries Ltd

Events

Dividend Trend

Dividend Yield

Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 0.57%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹5.66 every year

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateOct 31, 2024

Interim 2
Interim 2 | Div/Share: ₹4.00

Dividend/Share

₹4.00

Ex DateEx Date

Oct 31, 2024

Cash Dividend

Ex DateEx DateAug 20, 2024

Interim 1
Interim 1 | Div/Share: ₹4.00

Dividend/Share

₹4.00

Ex DateEx Date

Aug 20, 2024

Cash Dividend

Ex DateEx DateJul 5, 2024

Final
Final | Div/Share: ₹4.00

Dividend/Share

₹4.00

Ex DateEx Date

Jul 5, 2024

Cash Dividend

Ex DateEx DateFeb 2, 2024

Interim 3
Interim 3 | Div/Share: ₹4.00

Dividend/Share

₹4.00

Ex DateEx Date

Feb 2, 2024

Cash Dividend

Ex DateEx DateOct 31, 2023

Interim 2
Interim 2 | Div/Share: ₹4.00

Dividend/Share

₹4.00

Ex DateEx Date

Oct 31, 2023

News & Opinions
Spotlight
Balkrishna Inds gains as Q2 PAT rises 4% YoY to Rs 350 cr; declares dividend of Rs 4/- share

Profit before tax stood at Rs 465.32 crore in second quarter of FY25, up 4.84% from Rs 465.32 crore reccorded in Q2 FY24. EBITDA grew 12.96% YoY to Rs 619 crore during the September 2024 quarter. EBITDA margin improved to 25.1% in Q2 FY25 as against 24.4% in same quarter previous fiscal. During Q1 FY25, total expenses increased 9.1% YoY to Rs 2,060.87 crore. Finance costs stood at 40.35 crore (up 76.35% YoY), cost of materials consumed was at Rs 1,129.31 crore (up 5.46% YoY) and employee benefits expense was at Rs 118.57 crore (up 6.39% YoY) during the period under review. The overall sales volume stood at 73,298 MT in Q2 of FY25, up 4% during the period under review. On consolidated basis, the company's net profit marginally declined to Rs 346.94 crore in Q2 FY25 as against Rs 347.44 crore posted in Q2 FY24. Revenue from operations gained 7.39% to Rs 2,419.74 crore in the September quarter as compared with Rs 5,571.57 crore posted in Q2 FY24. The company has informed about total achievable capacity of approximately 360,000 mt p.a. mould manufacturing capex completed. Meanwhile, the board has declared first interim dividend of Rs 4 per equity share for the financial year 2024-25. The record date for the said dividend will be 2 November 2024. The payment of the dividend shall be credited within 30 days from record date. Balkrishna Industries is engaged in the business of manufacturing and selling of 'Off-Highway Tyres' (OHT) in the specialist segments such as agricultural, industrial & construction, earthmovers & port, mining, forestry, lawn & garden and all terrain vehicles (ATV).Powered by Capital Market - Live

1 week agoCapital Market - Live
Earnings
Balkrishna Industries consolidated net profit declines 0.14% in the September 2024 quarter

Net profit of Balkrishna Industries declined 0.14% to Rs 346.94 crore in the quarter ended September 2024 as against Rs 347.44 crore during the previous quarter ended September 2023. Sales rose 7.39% to Rs 2419.74 crore in the quarter ended September 2024 as against Rs 2253.19 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales2419.742253.19 7 OPM %23.9623.64 - PBDT629.08615.95 2 PBT462.64455.52 2 NP346.94347.44 0 Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Corporate
Board of Balkrishna Industries recommends Second Interim Dividend

Balkrishna Industries announced that the Board of Directors of the Company at its meeting held on 25 October 2024, has recommended a Second Interim dividend of Rs.4 per share (i.e.200%), subject to the approval of the shareholders.Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Spotlight
Balkrishna Industries Ltd eases for fifth straight session

Balkrishna Industries Ltd dropped for a fifth straight session today. The stock is quoting at Rs 2912.85, down 0.92% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 1.17% on the day, quoting at 24113.75. The Sensex is at 79287.83, down 0.97%.Balkrishna Industries Ltd has eased around 3.34% in last one month.Meanwhile, Nifty Auto index of which Balkrishna Industries Ltd is a constituent, has eased around 14.07% in last one month and is currently quoting at 24324.85, down 2.87% on the day. The volume in the stock stood at 1.14 lakh shares today, compared to the daily average of 2.39 lakh shares in last one month. The benchmark October futures contract for the stock is quoting at Rs 2895, down 1.17% on the day. Balkrishna Industries Ltd jumped 13.96% in last one year as compared to a 27.88% rally in NIFTY and a 48.1% spurt in the Nifty Auto index.The PE of the stock is 35.43 based on TTM earnings ending June 24.Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Corporate
Balkrishna Industries fixes record date for 2nd interim dividend

Balkrishna Industries has fixed 02 November 2024 as record date for 2nd Interim Dividend for financial year 2024-25, if declared. Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Corporate
Balkrishna Industries to declare Quarterly Result

Balkrishna Industries will hold a meeting of the Board of Directors of the Company on 25 October 2024.Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Live Market Update
Nifty above 25,700 level; realty shares rally

The key benchmark indices continued to trade with substantial gains in early afternoon trade. The Nifty traded above the 25,700 level and Sensex crossed 84,000 mark. Realty shares advanced for the second consecutive trading session. At 12:30 IST, the barometer index, the S&P BSE Sensex, climbed 937.75 points or 1.11% to 84,108. The Nifty 50 index advanced 285.35 points or 1.12% to 25,701.15. The Sensex and Nifty clocked an all-time high of 84,248.69 and 25,726.65, respectively in early afternoon trade. Further, the Nifty Bank also hit a life high of 53,639.65. In the broader market, the S&P BSE Mid-Cap index added 0.71% and the S&P BSE Small-Cap index advanced 1.07%. The market breadth was strong. On the BSE, 2,465 shares rose and 1,333 shares fell. A total of 145 shares were unchanged. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, gained 2.60% to 12.80. The Nifty 26 September 2024 futures were trading at 25,685, at a discount of 16.15 points as compared with the spot at 25,701.15 The Nifty option chain for the 26 September 2024 expiry showed maximum Call OI of 84.9 lakh contracts at the 27,000 strike price. Maximum Put OI of 127.3 lakh contracts were seen at 25,000 strike price. Buzzing Index: The Nifty Realty index rose 1.24% to 1,082.30. The index jumped 1.74% in two consecutive trading sessions. Macrotech Developers (up 3.99%), DLF (up 2.04%), Brigade Enterprises (up 1.51%), Sunteck Realty (up 1.1%), Sobha (up 1.1%) and Godrej Properties (up 0.07%) advanced. On the other hand, Phoenix Mills (down 1.04%), Oberoi Realty (down 0.14%) and Prestige Estates Projects (down 0.1%) edged lower. The Phoenix Mills (PML) declined 1.04%. The company has announced that its wholly owned subsidiary, Casper Realty, has been declared the highest bidder for two prime city-centric plots in Mohali, Punjab. Stocks in Spotlight: IDFC First Bank added 0.08%. The bank has announced that the Reserve Bank of India (RBI) has granted approval for the re-appointment of V. Vaidyanathan as the managing director and chief executive officer (MD & CEO) of the bank for three years. Balkrishna Industries rose 0.11%. The company said that it has completed the capex for 30,000 MTPA of high value of advanced carbon material and commissioned the plant.Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
Balkrishna Inds commissions advanced carbon material manufacturing facility

In February 2021, the board of the company had approved a proposal to to enhance the installed capacity of carbon from achievable capacity 115,000 MTPA to 200,000 MTPA. The proposal also involved setting up 30,000 MTPA capacity of high value of advanced carbon material and an additional power plant capacity of 20 MW. The estimated capex cost of the project was Rs 650 crore. The project was undertaken taking into consideration the overall demand / supply outlook as well as internal demand of carbon black. Balkrishna Industries is engaged in the business of manufacturing and selling of off-highway tyres (OHT) in the specialist segments such as agricultural, industrial & construction, earthmovers & port, mining, forestry, lawn & garden and all terrain vehicles (ATV). The company had reported standalone net profit of Rs 477.29 crore in Q1 FY25, registering a growth of 52.84% as against Rs 312.28 crore posted in Q1 FY24. Revenue from operations jumped 26.86% to Rs 2,689.53 crore in the quarter ended June 2024 as compared with Rs 2,120.02 crore posted in the same period last year. The scrip rose 0.16% to currently trade at Rs 3092.35 on the BSE. Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
Balkrishna Industries Ltd up for fifth session

Balkrishna Industries Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 2976, up 0.62% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.89% on the day, quoting at 24920.2. The Sensex is at 81387.58, down 0.99%. Balkrishna Industries Ltd has dropped around 7.28% in last one month. Meanwhile, Nifty Auto index of which Balkrishna Industries Ltd is a constituent, has dropped around 2.63% in last one month and is currently quoting at 25835.3, down 0.94% on the day. The volume in the stock stood at 1.93 lakh shares today, compared to the daily average of 3.39 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 2974.05, up 0.34% on the day. Balkrishna Industries Ltd is up 23.99% in last one year as compared to a 26.33% spurt in NIFTY and a 60% spurt in the Nifty Auto index.The PE of the stock is 35.65 based on TTM earnings ending June 24.Powered by Capital Market - Live

2 months agoCapital Market - Live
Earnings
Balkrishna Industries consolidated net profit rises 47.64% in the June 2024 quarter

Net profit of Balkrishna Industries rose 47.64% to Rs 489.99 crore in the quarter ended June 2024 as against Rs 331.88 crore during the previous quarter ended June 2023. Sales rose 25.71% to Rs 2714.50 crore in the quarter ended June 2024 as against Rs 2159.35 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales2714.502159.35 26 OPM %24.4523.20 - PBDT803.32584.99 37 PBT639.92429.70 49 NP489.99331.88 48 Powered by Capital Market - Live

3 months agoCapital Market - Live