NSE: BALKRISIND | BSE: 502355

Mid-range Performer

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2567.10 43.55 (1.73%)

180.6K NSE+BSE Volume

NSE 02 Apr, 2025 3:31 PM (IST)

49,626.5

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.

22 Aug 2023

2567.10

1.73%

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.

Geojit BNP Paribas released a Hold report for Balkrishna Industries Ltd. with a price target of 2770.0 on 02 Apr, 2025.

Balkrishna Industries Ltd.

07 Aug 2023

2567.10

1.73%

Balkrishna Industries Limited

Neutral: Balkrishna Industries Ltd.

Target

Keynote Capitals Ltd

Quarterly Update Q1FY24

Balkrishna Industries Ltd. is trading below all available SMAs

Balkrishna Industries Ltd.

07 Aug 2023

2567.10

1.73%

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.

Balkrishna Industrie.. has an average target of 2899.50 from 6 brokers.

Balkrishna Industries Ltd.

12 Jul 2023

2567.10

1.73%

Balkrishna Industries

Buy: Balkrishna Industries Ltd.

Target

ICICI Direct

Balkrishna Industrie.. has an average target of 2899.50 from 6 brokers.

Balkrishna Industries Ltd.

12 Jul 2023

2567.10

1.73%

In final stages of adverse base and destocking

Accumulate: Balkrishna Industries Ltd.

ICICI Securities Limited

Indian OHT exports improved sequentially by ~3% in May’23, though were down ~10% YoY. We believe industry would witness steep cuts YoY in Jun-Jul’23 on elevated base, post which the base would turn favourable along with inventory levels of distributors coming down to desirable levels of ~50-60 days by then.

Balkrishna Industries Ltd. is trading below all available SMAs

Balkrishna Industries Ltd.

11 Jul 2023

2567.10

1.73%

BALKRISHNA INDUSTRIE

Not Rated: Balkrishna Industries Ltd.

Prabhudas Lilladhar

Balkrishna Industries Ltd. is trading below all available SMAs

Balkrishna Industries Ltd.

10 Jul 2023

2567.10

1.73%

Building blocks in place for market share gains

Accumulate: Balkrishna Industries Ltd.

ICICI Securities Limited

We visited the Bhuj facility of Balkrishna Industries (BIL) and interacted with the management. Following are the key takeaways: 1) company is aiming at ~10% market share in the global off-highway tyre market in next 4 years vs current ~6.5% (as against expected industry CAGR of ~3-4% during the same period).

Balkrishna Industries Ltd. is trading below all available SMAs

Balkrishna Industries Ltd.

09 Jul 2023

2567.10

1.73%

Targets 10 % market share in 3-4 years

Neutral: Balkrishna Industries Ltd.

Target

Motilal Oswal

Balkrishna Industrie.. has an average target of 2899.50 from 6 brokers.

Balkrishna Industries Ltd.

20 Jun 2023

2567.10

1.73%

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.

Balkrishna Industries Ltd. is trading below all available SMAs

Balkrishna Industries Ltd.

31 May 2023

2567.10

1.73%

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.

Geojit BNP Paribas released a Hold report for Balkrishna Industries Ltd. with a price target of 2770.0 on 02 Apr, 2025.

No results found

Is Balkrishna Industries Ltd. worth buying?

448 Votes:

Buy 76.12%

Sell 14.96%

Hold 8.93%

RESEARCH REPORTS

Hold SEE REPORTS >

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Sell SEE REPORTS >

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