Balkrishna Industries Ltd. News, Corporate filings and Earnings/Conference Calls

Name: Latest research reports of Balkrishna Industries Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Balkrishna Industries Ltd.
Rating: 4
Author: ICICI Securities Limited

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Balkrishna Industries Ltd.

20 Jun 2023

2477.90

-0.41%

A quarter of consolidation is still left

Accumulate: Balkrishna Industries Ltd.

Target

ICICI Securities Limited

Post stocking up of inventory at distributor level in end markets between March and July CY22, India OHT exports have consolidated since August, facilitating de-stocking amidst steady retail demand.

Number of FII/FPI investors increased from 542 to 562 in Mar 2025 qtr.

Balkrishna Industries Ltd.

19 Jun 2023

2477.90

-0.41%

Company Update

BALKRISHNA INDUSTRIES LTD.-$ - 502355 - Intimation Under Regulation 30 (4) Of SEBI (Listing Obligations And …

BSE India

We refer to our letter dated 13th June, 2023 in respect of Operations at Bhuj Plant which were suspended due to Cyclone Biparjoy from late evening 13th June, 2023 for 3 to 4 days for safety of people and assets of the Company. We hereby inform that the Operations at Bhuj Plant of the Company have been resumed. You are requested to kindly take the above information on record and disseminate the said information.

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Balkrishna Industries Ltd.

13 Jun 2023

2477.90

-0.41%

Company Update

BALKRISHNA INDUSTRIES LTD.-$ - 502355 - Intimation Under Regulation 30 (4) Of SEBI (Listing Obligations & …

BSE India

This is to inform you that as widely reported in media regarding Cyclone Biparjoy by the India Meteorological Department which is located over the Arabian Sea is likely to intensify into extremely severe storm. Considering the above Cyclone and to protect the people and the assets of the Company, the Operations at Company's BHUJ plant will be suspended from today late evening (13th June, 2023) for other 3 to 4 days.

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Balkrishna Industries Ltd.

03 Jun 2023

2477.90

-0.41%

Earnings Call

BALKRISHNA INDUSTRIES LTD.-$ - 502355 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript

BSE India

In continuation of our letter dated 22nd May, 2023 and pursuant to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the transcript of conference call with Investors/Analysts on Q4FY23 Results of the Company held on 29th May, 2023. This information will also be hosted on the Company's website at https://www.bkt-tires.com/ww/us/investors-desk.

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Balkrishna Industries Ltd.

31 May 2023

2477.90

-0.41%

Neutral Balkrishna Industries; target of Rs 2100: Motilal Oswal

Moneycontrol

Motilal Oswal recommended Neutral rating on Balkrishna Industries with a target price of Rs 2100 in its research report dated May 30, 2023.

Balkrishna Industries Ltd. average weekly volume is high.

Reduce Balkrishna Industries; target of Rs 2083: HDFC Securities

Moneycontrol | 31 May 2023

Balkrishna Industries Ltd.

31 May 2023

2477.90

-0.41%

Volumes and margins improve QoQ, further improvement expected in FY24E

Accumulate: Balkrishna Industries Ltd.

Recommendation Target

KRChoksey

For Q4FY23, BIL reported revenue of INR 23,170 mn (-2.4% YoY/ +7.0% QoQ). Sales volume was 72,676 MT, which was a decline of 5.8% YoY but an improvement of 9.3% QoQ. The Average Selling Price (ASP) per MT was higher by 3.6% YoY but contracted by 2.1% QoQ.

Balkrishna Industrie.. has an average target of 2829.40 from 6 brokers.

Balkrishna Industries Ltd.

30 May 2023

2477.90

-0.41%

Company Update

BALKRISHNA INDUSTRIES LTD.-$ - 502355 - Announcement under Regulation 30 (LODR)-Newspaper Publication

BSE India

Pursuant to Regulation 47 of the Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015, please find enclosed newspaper advertisement of the Audited Financial Results of the Company for quarter and year ended 31st March, 2023 approved at the Board Meeting held on Saturday, the 27th May, 2023, published in the Newspapers viz Business Standard and Lokmat on Monday, the 29th May, 2023.

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Balkrishna Industries Ltd.

30 May 2023, 12:00AM

2477.90

-0.41%

Balkrishna Industries Limited

Neutral: Balkrishna Industries Ltd.

Recommendation Target

Keynote Capitals Ltd

Quarterly Update Q4FY23

Balkrishna Industries Ltd. is trading below all available SMAs

Balkrishna Industries Ltd.

30 May 2023, 12:00AM

2477.90

-0.41%

Operationally in line; recovery to further delay in EU

Neutral: Balkrishna Industries Ltd.

Target

Motilal Oswal

Balkrishna Industrie.. has an average target of 2829.40 from 6 brokers.

Balkrishna Industries Ltd.

30 May 2023, 12:00AM

2477.90

-0.41%

Beat in earnings amid gradual overall recovery

Accumulate: Balkrishna Industries Ltd.

Recommendation Target

ICICI Securities Limited

Balkrishna Industries’ (BIL) Q4FY23 EBITDA margin at 20.3% was in line with our estimate and up 420bps QoQ, driven by gradual decline in the cost of consumed raw material basket (RMB) and relatively lower-priced freight contracts. BIL is aiming at 200-300bps EBITDAM improvement in FY24 over current levels –on the back of lower RMB cost, better hedge rate and further normalisation of logistics cost.