Balkrishna Industries Ltd.    
01 Oct 2020
1343.75
-0.36%
buy
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Balkrishna Industrie.. has an average target of 1553.00 from 6 brokers.
Balkrishna Industries Ltd.    
20 Aug 2020
1343.75
-0.36%
Chola Wealth Direct
Background: Balkrishna Industries (BIL) is focused solely on 'off-highway' tyres catering to agricultural & industrial segments. The company has a ~7% share of the global market. While OTR forms ~65% of the global market, for BIL, it only contributes ~33% to its revenue. The company has been undertaking various actions like setting up warehouses in markets in North America and Europe to be closer to the customer and have a just in time (JIT) system. The company sales cover over 130 countries through distribution network in Americas, Europe, India and Rest of the world....
Balkrishna Industries Ltd. is trading below it's 30 day SMA of 1390.7
Balkrishna Industries Ltd.    
17 Aug 2020
1343.75
-0.36%
ICICI Securities Limited
Balkrishna Industries (BIL) reported healthy Q1FY21 results under the circumstances. Decline in standalone revenues was limited to 22.2% YoY (| 929 crore), tracking 25.7% decline in total tonnage to 38,096 MT during the Covid impacted quarter. Encouragingly, the company expects to close FY21E with similar volume levels as FY20 (~2 lakh MT). EBITDA in Q1FY21 was at | 230.6 crore, down 13.9% YoY, 38.1% QoQ. Margins fell 262 bps QoQ to 24.8%. QoQ decline in margin performance was on account of negative operating leverage although gross margins recorded a strong 511...
Balkrishna Industries Ltd. has gained 48.37% in the last 6 Months
Balkrishna Industries Ltd.    
17 Aug 2020
1343.75
-0.36%
Nirmal Bang Institutional
Balkrishna Industries (BKT) posted 1QFY21 adj PAT of Rs1.5bn, down by ~6.9% YoY but higher than our estimate, mainly due to strong operating performance. Net revenue of Rs9.4bn declined by 22.7% YoY, marginally above our estimate. Volume declined by 25.7% YoY, in-line with our estimate on the back of strong revival in agri demand across geographies post lifting of the lockdown. ASP grew by 4.2% YoY mainly due to a favourable product mix and absence of pricing action in 1QFY21. EBITDA margin stood at 25.9%, up 190bps YoY, even as volume declined and was above our estimate. This increase was largely driven by lower commodity costs, benefit of backward integration and better forex realisation. Lower other expenses further aided EBITDA margin. Carbon black plant is currently...
Balkrishna Industries Ltd. is trading above it's 200 day SMA of 1161.9
Balkrishna Industries Ltd.    
14 Aug 2020
1343.75
-0.36%
buy
Anand Rathi
Management positive on trends. Management has expressed greater optimism about US and Europe demand from the agricultural sector, which would be key drivers for FY21. While it expects flat volumes for FY21, we expect 5% volume growth based on our channel checks, assuming no further lockdowns. Also, revenues from carbon black over and above that required for captive purposes would be the catalyst of overall growth. Accordingly, we...
Balkrishna Industries Ltd. has gained 60.04% in the last 1 Year
Balkrishna Industries Ltd.    
14 Aug 2020
1343.75
-0.36%
buy
Dolat Capital
Balkrishna Industries (BIL) Q1FY21 EBITDA performance was broadly in line with our estimates. EBITDA de-grew 14% YoY at Rs 2.3bn, with margin at 24.8% (+239bps YoY; -262bps QoQ) (vs est of 24.6%), on...
Balkrishna Industries Ltd. has gained 48.37% in the last 6 Months
Balkrishna Industries Ltd.    
23 Jul 2020
1343.75
-0.36%
buy
Dolat Capital
Completion of capex to support FCF and profitability For FY21, BIL has given a capex guidance of ~Rs 6bn for FY21, including maintenance capex of Rs 1.5bn. Residual capex for Waluj and Bhuj plants of Rs 5bn is likely to be completed by FY21 end with a maximum delay of one quarter. We expect FCF to improve significantly from FY21 onward as most of the planned capex has already been incurred. The earlier plan of setting up a Greenfield plant in USA has been kept in abeyance, citing...
1 Comment
08 Aug 2020  Like
Balkrishna Industries Ltd. has gained 60.04% in the last 1 Year
Balkrishna Industries Ltd.    
24 Jun 2020
1343.75
-0.36%
Chola Wealth Direct
Background: Balkrishna Industries (BIL) is focused solely on 'off-highway' tyres catering to agricultural & industrial segments. The company has a ~7% share of the global market. While OTR forms ~65% of the global market, for BIL, it only contributes ~33% to its revenue. The company has been undertaking various actions like setting up warehouses in markets in North America and Europe to be closer to the customer and have a just in time (JIT) system. The company sales cover over 130 countries through distribution network in Americas, Europe, India and Rest of the world....
Balkrishna Industries Ltd. is trading above it's 200 day SMA of 1161.9
Balkrishna Industries Ltd.    
23 Jun 2020
1343.75
-0.36%
Nirmal Bang Institutional
Balkrishna Industries (BKT) posted 4QFY20 adj PAT of Rs2.6bn, up by ~44% YoY mainly on account of higher EBITDA margin and lower tax rate. The adj PAT was higher than our estimate. Net revenue of Rs13.89bn grew by 2.6% YoY, much above our estimate. Volume grew by 4.7% YoY, ahead of our estimate due to better than expected agri demand in Europe. ASP declined by 4.2% QoQ due to adverse mix and discounts offered to pass the benefit of lower RM costs. EBITDA margin stood at 29.1%, up 530bps YoY and was 210bps above our estimate. This increase was largely driven by lower commodity costs, benefit of backward integration and better forex realisation. Lower other expenses further aided EBITDA margin. Phase 2 of carbon black plant with capacity of 80,000MT...
Balkrishna Industrie.. has an average target of 1553.00 from 6 brokers.
Balkrishna Industries Ltd.    
23 Jun 2020
1343.75
-0.36%
ICICI Securities Limited
BIL stands apart from the rest of the tyre pack in respect of its business model (niche export-oriented player in off highway tyre i.e. OHT segment, serving agri & OTR industries), with Europe (51%) and North America (17%) forming 68% of revenues (India comprises ~20% of topline; BIL has ~5-6% market share domestically). For BIL, agri: OTR product mix is at 61:35, with replacement demand forming 75% of overall pie. BIL's export focus helped it comprehensively outperform domestic tyre manufacturers in Q4FY20, with volumes growing 4.7% YoY to 57,966 MT its highest quarterly...
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Balkrishna Industries Ltd. is trading above it's 200 day SMA of 1161.9