NSE: BALKRISIND | BSE: 502355

Mid-range Performer

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2655.50 19.20 (0.73%)

257.4K NSE+BSE Volume

NSE 11 Jul, 2025 3:31 PM (IST)

51,335.4

Market Cap

Market Runner Up

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.

24 Oct 2023

2655.50

0.73%

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 2807.20 from 5 brokers.

Balkrishna Industries Ltd.

23 Oct 2023

2655.50

0.73%

Balkrishna Ind

Hold: Balkrishna Industries Ltd.

Target

Sharekhan

Balkrishna Industries Ltd. is trading below its 200 day SMA of 2693.5

Balkrishna Industries Ltd.

23 Oct 2023

2655.50

0.73%

Balkrishna Industries Limited

Neutral: Balkrishna Industries Ltd.

Target

Keynote Capitals Ltd

Quarterly Update Q2FY24

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

Balkrishna Industries Ltd.

23 Oct 2023

2655.50

0.73%

Sequential improvement in overall performance

Neutral: Balkrishna Industries Ltd.

Target

Motilal Oswal

Balkrishna Industries Ltd. is trading above its 150 day SMA of 2626.7

Balkrishna Industries Ltd.

19 Oct 2023

2655.50

0.73%

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 above its 150 day SMA of 2626.7

Balkrishna Industries Ltd.

22 Sep 2023

2655.50

0.73%

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 above its 150 day SMA of 2626.7

Balkrishna Industries Ltd.

22 Aug 2023

2655.50

0.73%

Weakest month of OHT exports since destocking started a year back

Accumulate: Balkrishna Industries Ltd.

ICICI Securities Limited

Weakness in OHT exports from India intensified in Jun’23 and touched their lowest in past 2 years, down 30% YoY to USD 122mn. This was due to continued weak demand, impact of cyclone in Gujarat and deflationary pricing. A week’s production loss from the leader with an average market share of 50%, implies overall exports got hit by ~12.5% -- adjusted for which, it was largely in line with past 6-month average export level.

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

Balkrishna Industries Ltd.

07 Aug 2023

2655.50

0.73%

Balkrishna Industries Limited

Neutral: Balkrishna Industries Ltd.

Target

Keynote Capitals Ltd

Quarterly Update Q1FY24

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

Balkrishna Industries Ltd.

07 Aug 2023

2655.50

0.73%

Profitability recovers; volume to remain flat in FY24

Accumulate: Balkrishna Industries Ltd.

ICICI Securities Limited

Balkrishna Industries’ (BIL) Q1FY24 EBITDAM at 22.7% was up 240bps QoQ, driven by a combination of lower raw material basket (RMB) cost, better product mix, lower freight cost and favourable hedge rate. BIL is confident of improving its global OHT market share from ~6% now to ~10% in 4 years and would do the due capex when needed to scale up.