NSE: BALKRISIND | BSE: 502355

Mid-range Performer

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2727.80 34.90 (1.30%)

26.75% Gain from 52W Low

480.9K NSE+BSE Volume

NSE 29 Jul, 2025 2:48 PM (IST)

52,733.1

Market Cap

Market Runner Up

1.0

Beta 1Year

Average volatility

Dividend

Balkrishna Industries Ltd. has an upcoming dividend due on 31 Jul 2025 See details

Balkrishna Industries Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for BALKRISIND, BSE:502355 Balkrishna Industries Ltd.

Balkrishna Industries Ltd.

19 Feb 2018

2727.80

1.30%

EARNINGS UPDATE- BALKRISHNA INDUSTRIES-3QFY18

Buy: Balkrishna Industries Ltd.

Chola Wealth Direct

Background: Balkrishna Industries (BIL) is focused solely on 'off-highway' tyres catering to agricultural & industrial segments. A low ~5% share of the global market makes us believe reasonable room exists for several years of growth. While OTR forms ~65% of the global market, for BIL, it only contributes ~33% to its revenue. With the completion of the new 140,000 MT facility at Bhuj, BIL is looking to expand in the OEM, OTR segments. The company has been undertaking vari ous 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 to over 130 countries through Distribution network...

Number of FII/FPI investors decreased from 562 to 537 in Jun 2025 qtr

Balkrishna Industries Ltd.

16 Feb 2018

2727.80

1.30%

Balkrishna Industries

Hold: Balkrishna Industries Ltd.

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Balkrishna Industries' (BIL) revenues were at | 1106 crore (up 25.4% YoY) vs. our estimate of | 1,087 crore. This was mainly after volumes grew 22.6% YoY to 49,553 metric tonnes (MT) EBITDA margins were at 26.2% (down 530 bps YoY, 115 bps QoQ) below our estimate of 28.7%. On a QoQ basis, raw material cost declined thereby expanding the gross margin (up 356 bps QoQ). However, the same was offset by higher employee & other expense...

Number of FII/FPI investors decreased from 562 to 537 in Jun 2025 qtr

Balkrishna Industries Ltd.

21 Dec 2017

2727.80

1.30%

Balkrishna Industries

Hold: Balkrishna Industries Ltd.

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Balkrishna Industries (BIL) is an export dominated niche play. The company is well placed to capture the demand revival opportunity. BIL largely has everything in place: 1) It enjoys labour arbitrage, 2) has ample capacity to cater to the rising demand, 3) has highest margins compared to its peers that are expected to sustain and 4) strong financials (healthy return ratio >18% and FCF yield of >5%). However, we believe the positives are largely reflected in the share price, which is up 124% in the...

Balkrishna Industries Ltd. is trading above all available SMAs

Balkrishna Industries Ltd.

19 Dec 2017

2727.80

1.30%

BALAKRISHNA IND

Sell: Balkrishna Industries Ltd.

Geojit Research

Volume grew by impressive 16% YoY led by strong growth in US, Europe and ROW markets coupled with strong demand in agriculture and mining tires. Realization/ton also increased by ~6% YoY led by favourable product mix and currency hedges (Euro realization at Rs. 80 as against Rs. 75-76 for FY17). Hence, reported revenue surged by 22.5% YoY. Given strong demand outlook across geographies the management has increased its volume guidance to 190,000 to 195,000 tons from 185,000 to 190,000 tons. We expect volume CAGR of 14.5% over FY17-20E as demand continues to be buoyant across segments (especially the OTR space) and the company continues to make in-roads with various OEM's....

Number of FII/FPI investors decreased from 562 to 537 in Jun 2025 qtr

Balkrishna Industries Ltd.

17 Nov 2017

2727.80

1.30%

Result Update:Balkrishna Inds

Hold: Balkrishna Industries Ltd.

Axis Direct

Balkrishna's (BKT) Q2FY18 adj. EBITDA was 11% ahead of estimate driven by better tonnage and operating leverage benefits.

Balkrishna Industries Ltd. is trading above all available SMAs

Balkrishna Industries Ltd.

10 Nov 2017

2727.80

1.30%

Balkrishna Industries (2QFY18): Off peak margins. Maintain NEUTRAL

Neutral: Balkrishna Industries Ltd.

HDFC Securities

We maintain NEUTRAL, with an upgraded TP of Rs 1,857 (rolled forward to 16x Sep-19E EPS vs 14x earlier), given that margin expansion will accrue from oplev benefits and backward integration. Balkrishna Industries (BIL) revenue at Rs 11bn (+22% YoY) was in-line with expectations, largely led by 15% volume growth and 4% growth in net ASPs. EBITDA margin (21.3%) came in lower, owing to higher prices of natural rubber.

Balkrishna Industries Ltd. is trading above all available SMAs

Balkrishna Industries Ltd.

10 Nov 2017

2727.80

1.30%

Balkrishna Industries

Buy: Balkrishna Industries Ltd.

ICICI Securities Limited

Balkrishna Industries' (BIL) revenues came in at | 1,114 crore (up 19.5% YoY) vs. our estimate of | 1,023 crore. This was mainly after volumes grew 15.9% YoY to 49,331 metric tonnes (MT) (above our expectation of 47,231 MT for the quarter) EBITDA margins came in at 27.4% (down 562 bps YoY; however up 601 bps QoQ), below our estimate of 28.6%. On a QoQ basis, all the cost parameters declined - Raw material cost declined thereby expanding the gross margin (up 247bps QoQ) while employee &...

Number of FII/FPI investors decreased from 562 to 537 in Jun 2025 qtr

Balkrishna Industries Ltd.

04 Aug 2017

2727.80

1.30%

Result Update - Balkrishna Industries

Buy: Balkrishna Industries Ltd.

Axis Direct

Q1FY18 adj. EBITDA was 7% below estimate owing to lower-than-expected gross margin. This was largely due to high-cost raw material inventory impacting margin while price hike (~5%) announced was not implemented fully.

Number of FII/FPI investors decreased from 562 to 537 in Jun 2025 qtr

Balkrishna Industries Ltd.

02 Aug 2017

2727.80

1.30%

Balkrishna Industries Ltd: Segment Diversification Leads to ... (Aug 02, 2017)

Hold: Balkrishna Industries Ltd.

Karvy

Operating efficiencies to sustain margins: Balkrishna Industries Ltd (BKT)recorded revenue of Rs.10128Mn in Q1FY18, up by 7.5% YoY driven by a YoY7.0% volume growth. EBITDA stands at Rs. 2162Mn at 21.3% lesser by 411 bpsQoQ, as the natural rubber (which was procured earlier in Q4FY16 at a higher cost)had been utilized this quarter, thus leading to EBITDA margin contraction.

Balkrishna Industrie.. has an average target of 2807.20 from 5 brokers.

Balkrishna Industries Ltd.

01 Aug 2017

2727.80

1.30%

Balkrishna Industries (1QFY18): In high gear but priced in. Maintain NEUTRAL

Neutral: Balkrishna Industries Ltd.

HDFC Securities

We maintain Neutral with an upgraded TP of Rs 1,654 (rolled forward to 15x Jun-19E EPS). Balkrishna Industries (BIL) top line at Rs 10.1bn (+9% YoY) was in-line with expectations, largely led by 7% volume growth and 2% growth in net ASPs. EBITDA margin (26%) came in below our expectations owing to lower gross margins. BIL enjoys significant cost (25-30% lower than peers) and product mix (OTR) advantages, and is thus able to generate high margins. Given the volatility in rubber prices, we believe these margins are not sustainable, despite a strong demand outlook in the global off-highway vehicle market.

Balkrishna Industrie.. has an average target of 2807.20 from 5 brokers.

Is Balkrishna Industries Ltd. worth buying?

454 Votes:

Buy 76.21%

Sell 14.98%

Hold 8.81%

RESEARCH REPORTS

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