NSE: BALKRISIND | BSE: 502355

Mid-range Performer

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2553.65 -27.40 (-1.06%)

236.7K NSE+BSE Volume

NSE 27 Mar, 2025 9:57 AM (IST)

49,366.4

Market Cap

Market Leader

1.1

Beta 1Year

High Volatility

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.

18 May 2024

2553.65

-1.06%

Strong beat, upgrade to BUY

Buy: Balkrishna Industries Ltd.

Recommendation Target

Sharekhan

Strong earnings beat on robust volume growth (+12.8% q-o-q), healthy realisations (+3.9% q-o-q), and sharp gross margin expansion (+160bps q-o-q). Revenue and EBITDA exceeded estimates by 16.2% and 18.2%, respectively.

Balkrishna Industries Ltd. is trading below all available SMAs

Balkrishna Industries Ltd.

30 Jan 2024

2553.65

-1.06%

Volumes improve sequentially in Q3, however, to be impacted in the near term

Buy: Balkrishna Industries Ltd.

Recommendation

KRChoksey

For Q3FY24, BIL reported consolidated revenue of INR 22,744 Mn, a growth of 5.0% YoY/ 0.9% QoQ. The underlying standalone volumes for the quarter were at 72,749 MT, reporting a growth of 9.4% YoY/ 3.1% QoQ.

Balkrishna Industrie.. has an average target of 2925.40 from 5 brokers.

Balkrishna Industries Ltd.

29 Jan 2024

2553.65

-1.06%

Balkrishna Industries Limited

Sell: Balkrishna Industries Ltd.

Recommendation Target

Keynote Capitals Ltd

Quarterly Update Q3FY24

Balkrishna Industrie.. has an average target of 2925.40 from 5 brokers.

Balkrishna Industries Ltd.

26 Oct 2023, 12:00AM

2553.65

-1.06%

Performance improvement expected in H2FY24E

Hold: Balkrishna Industries Ltd.

Target

KRChoksey

For Q2FY24, BIL reported consolidated revenue of INR 22,532 Mn, a decline of 15.2% YoY but an improvement of 4.3% QoQ. The underlying volumes for the quarter were at 70,585 MT, reporting a decline of 10.5% YoY but an improvement of 5.0% QoQ. The volumes saw the benefit of postponement of deliveries from Q1FY24 to Q2FY24 due to the disruptive impact of cyclone Biparjoy.

Balkrishna Industries Ltd. is trading below all available SMAs

Balkrishna Industries Ltd.

24 Oct 2023

2553.65

-1.06%

Volume recovery key ahead under current valuation levels

accumulate: Balkrishna Industries Ltd.

ICICI Securities Limited

Balkrishna Industries (BIL)’s Q2FY24 EBITDAM, at 24.4%, was up 170bps QoQ driven by a combination of lower raw material basket (RMB) cost, better product mix and favourable hedge rate. Post-inventory destocking at the dealer level in the last few quarters, inventory is now at normalised levels of 2-3 months, from highs of ~4 months.

Balkrishna Industrie.. has an average target of 2925.40 from 5 brokers.

Balkrishna Industries Ltd.

23 Oct 2023

2553.65

-1.06%

Balkrishna Ind

Hold: Balkrishna Industries Ltd.

Target

Sharekhan

Balkrishna Industrie.. has an average target of 2925.40 from 5 brokers.

Balkrishna Industries Ltd.

23 Oct 2023

2553.65

-1.06%

Sequential improvement in overall performance

Neutral: Balkrishna Industries Ltd.

Target

Motilal Oswal

Balkrishna Industries Ltd. is trading below all available SMAs

Balkrishna Industries Ltd.

23 Oct 2023

2553.65

-1.06%

Balkrishna Industries Limited

Neutral: Balkrishna Industries Ltd.

Target

Keynote Capitals Ltd

Quarterly Update Q2FY24

Balkrishna Industries Ltd. is trading below all available SMAs

Balkrishna Industries Ltd.

19 Oct 2023

2553.65

-1.06%

Favourable base gets initiated; to turn more favourable from CY24

Accumulate: Balkrishna Industries Ltd.

Target

ICICI Securities Limited

Indian OHT exports in Aug’23 improved 4%/1% MoM/YoY and now is back in line with average monthly exports in CY23. Agri segment exports increased 6% MoM to ~USD 90mn as against OTR segment’s exports being at their highest in CY23 at USD 52mn, flat MoM. With export base reducing substantially from Aug’23, YoY, industry has shifted from a declining trajectory to a growing one.

Balkrishna Industries Ltd. is trading below all available SMAs

Balkrishna Industries Ltd.

22 Sep 2023

2553.65

-1.06%

Export base to turn favourable from coming months

Accumulate: Balkrishna Industries Ltd.

Target

ICICI Securities Limited

Indian OHT exports improved sequentially by 12% in Jul’23 (in line with average monthly exports in CY23), though were down ~20% YoY. Agri segment exports increased 4% MoM to ~USD 85mn as against OTR segment exports at their highest in CY23 at USD 52mn, up 27% MoM.

Balkrishna Industries Ltd. is trading below all available SMAs

No results found

Is Balkrishna Industries Ltd. worth buying?

448 Votes:

Buy 76.12%

Sell 14.96%

Hold 8.93%

RESEARCH REPORTS

Sell SEE REPORTS >

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Neutral SEE REPORTS >

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