Balkrishna Industries Ltd Share Price

Tyres - Large

NSE: BALKRISIND Mid Cap ISIN: INE787D01026

As on 22 January 2025 at 15:04 IST

₹2,705.70

+ 24.10

(0.90%)

Sell Buy

About Balkrishna Industries Ltd

Balkrishna Industries Ltd. (BKT) manufactures off-highway tyres. Their tyres are used in agriculture, construction, mining, and gardening. Founded in the year 1987, the company has grown significantly over the past three decades. The company’s headquarters are in Aurangabad, Maharashtra. Its main products include tyres for agricultural machinery, construction equipment, and industrial vehicles. BKT operates within the auto and truck parts sector. The company has focused on creating durable and high-performance tyres that meet specific industry needs. It has five manufacturing plants in cities like Aurangabad, Bhiwadi, Chopanki, Dombivli, and Bhuj. Read More...

Over 1 Month

-4.80%

Over 6 Months

-15.24%

Over 1 Year

2.28%

Over 3 Years

9.74%

Balkrishna Industries Ltd Summary

Close ₹ 2,705.70

Open ₹ 2,669

High ₹ 2,719

Low ₹ 2,645.20

Volume 2,88,500

Net Turnover (in ₹) ₹ 1,37,61,86,932.35

52Wk High ₹ 3,375

52Wk Low ₹ 2,193.80

52Wk High / Low

2,193.80

3,375

Balkrishna Industries Ltd Fundamentals

Key Financial Data

Market Cap (in ₹Cr) ₹ 51,839.94

EPS (TTM) 83.64

Book Value (BV) 486.47

Div. Yield 0.60 %

P/E (TTM) 32.01

Price/Book Value 5.50

Delivery % 21.78 %

Face Value 2

Key Ratios

PE Ratio 31.17

PB Ratio 5.06

EV to Sales 5.14

PEG Ratio 0.94

ROA 11.96

ROE 15.52

Debt-Equity 0.38

Net Profit Margin 13.73

Operating Profit Margin 26.23

Balkrishna Industries Ltd Financials

Profit and Loss

Consolidated

Standalone

Yearly

Quarterly

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Total Revenue	9,818.09	10,106.06	8,733.04	5,955.35	5,062.02
Total Expenses	7,877.09	8,671.27	6,750.89	4,400.43	3,922.50
Profit Before Tax	1,941	1,434.79	1,982.15	1,554.92	1,139.52
Profit After Tax	1,471.49	1,057.40	1,435.38	1,177.53	959.65
Operating Profit after Depreciation	2,053.87	1,482.83	1,991.30	1,566.30	1,148.42

Balance Sheet

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Fixed Assets	6,253.23	5,313.29	3,940.05	3,283.93	3,221.80
Total Non Current Assets	9,040.48	8,419.71	7,084.80	5,687.36	4,884.90
Total Current Assets	4,644.06	3,927.95	3,894.18	2,479.13	1,921.45
TOTAL ASSETS	13,684.54	12,347.66	10,978.98	8,166.49	6,806.35
Total Shareholder's Fund	8,853.82	7,556.93	6,933.01	5,999.82	5,008.28

Cash Flow

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Net Cash from Operating Activities	2,082.64	1,447.93	908.04	1,339.03	1,173.14
Net Cash used in Investing Activities	-1,475.44	-1,783.12	-1,897.41	-1,172.87	-677.80
Net Cash used in Financing Activities	-601.88	358.58	980.36	-158.06	-494.69

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Total Revenue	9,746.61	10,148.31	8,697.31	5,919.37	5,031.26
Total Expenses	7,847.52	8,697.15	6,742.84	4,388.38	3,908.42
Profit Before Tax	1,899.09	1,451.16	1,954.47	1,530.99	1,122.84
Profit After Tax	1,437.61	1,078.71	1,410.69	1,155.38	944.98
Operating Profit after Depreciation	2,008.02	1,496.80	1,962.33	1,540.81	1,130.11

Balance Sheet

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Fixed Assets	6,219.41	5,278.41	3,906.76	3,247.79	3,191.36
Total Non Current Assets	9,012.35	8,385.36	7,054.20	5,651.59	4,854.22
Total Current Assets	4,592.64	3,886.97	3,802.89	2,388.57	1,877.02
TOTAL ASSETS	13,604.99	12,272.33	10,857.09	8,040.16	6,731.24
Total Shareholder's Fund	8,861.93	7,589.14	6,924.55	6,007.21	5,028.10

Cash Flow

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Net Cash from Operating Activities	2,052.47	1,414.33	881.27	1,363.03	1,163.92
Net Cash used in Investing Activities	-1,467.80	-1,772.07	-1,888.66	-1,157.99	-655.89
Net Cash used in Financing Activities	-568.04	359.04	1,002.77	-194.21	-520.94

Particulars (in ₹ Cr.)	2024-09	2024-06	2024-03	2023-12	2023-09
Total Revenue	2,419.74	2,714.50	2,681.92	2,274.41	2,253.19
Total Expenses	1,839.95	2,050.89	2,000.80	1,733.81	1,720.48
Profit Before Tax	462.64	639.92	646.84	408.94	455.52
Profit After Tax	346.94	489.99	486.75	305.42	347.44
Operating Profit after Depreciation	670.29	825.24	851.86	606.23	639.80

Particulars (in ₹ Cr.)	2024-09	2024-06	2024-03	2023-12	2023-09
Total Revenue	2,436.19	2,689.53	2,673.08	2,279.76	2,225.84
Total Expenses	1,855.86	2,039.09	2,007.80	1,740.76	1,707.44
Profit Before Tax	465.32	626.61	633.64	411.06	443.84
Profit After Tax	349.60	477.29	480.85	309.09	335.39
Operating Profit after Depreciation	670.33	809.27	835.89	605.49	625.36

Balkrishna Industries Ltd Technicals

Support and Resistance

S3 S2 S1 Pivot R1 R2 R3

S1 2,624.27

S2 2,566.93

S3 2,467.07

Pivot 2,724.13

R1 2,781.47

R2 2,881.33

R3 2,938.67

Moving Average

20 SMA 2,770.28

50 SMA 2,783.47

100 SMA 2,879.02

200 SMA 2,890.33

Balkrishna Industries Ltd Corporate Actions

Dividend

Bonus

Splits

Rights

AGM

EGM

Balkrishna Industries Ltd

₹4/Share

Announcement Date 31 Oct 2024

Record Date 02 Nov 2024

Div Yield 200%

AGM Date: 07 Jul 2022

AGM 07/07/2022 This is to inform you that the 60th Annual General Meeting (AGM) of the Members of the Company is scheduled to be convened on Thursday, the 7th July, 2022. The AGM will be convened through Video Conferencing ('VC') / Other Audio-Visual Means ('OAVM'). Pursuant to Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has fixed Monday, the 27th June, 2022 as the Record Date for determining entitlement of members to Final Dividend for the financial year ended March 31, 2022. If the final dividend as recommended by the Board of Directors is approved at the AGM, payment of such dividend, subject to deduction of tax at source, will be made on or after 7th July, 2022 but within stipulated time. Pursuant to Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has fixed Monday, the 27th June, 2022 as the Record Date for determining entitlement of members to Final Dividend for the financial year ended March 31, 2022. If the final dividend as recommended by the Board of Directors is approved at the AGM, payment of such dividend, subject to deduction of tax at source, will be made on or after 7th July, 2022 but within stipulated time. The Integrated Annual Report of the Company for the financial year 2021-22 including the Notice convening 60th Annual General Meeting ('Notice') to be held on Thursday, the 7th July, 2022 through Video Conferencing / Other Audio Visual Means. (As Per BSE Announcement Dated on 14.06.2022) The 60th Annual General Meeting of the Company (AGM) was held on Thursday, the 7th July, 2022 at 11:00 a.m. through Video Conferencing ('VC')/Other Audio Visual Means (''OAVM''). In this regard, we are enclosing herewith the following: (i) Proceedings of the AGM pursuant to Regulation 30 of the Listing Regulations is enclosed as Annexure A. (ii) The details of Voting Results of the business transacted at AGM in the prescribed format pursuant to Regulation 44(3) of the Listing Regulations is enclosed as Annexure B. (iii) The Consolidated Scrutinizer's Report on Remote E-voting and E-voting conducted at the said 60th Annual General Meeting of the Company is enclosed as Annexure C. All the resolutions set out in the Notice of the 60th Annual General Meeting have been passed with requisite majority. (As per BSE Announcement Dated on 07/07/2022) Balkrishna Industries Ltd has informed BSE regarding the details of Voting results of AGM, under Regulation 44(3) of SEBI (LODR) Regulations, 2015. (As Per BSE Announcement dated on 08.07.2022)

AGM Date: 22 Jul 2023

This is to inform you that 61st Annual General Meeting of the Company is convened on Saturday, the 22nd July, 2023 through Video Conferencing 'VC'/Other Audio-Visual Means ('OAVM') Pursuant to Regulation 42 of SEBI LODR 2015, the Company has fixed Tuesday, the 11th July, 2023 as the record date for payment of final dividend for financial year 2022-23, if any, as recommended by the Board of Directors and if approved by the Members at its AGM. Pursuant to Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has fixed Tuesday, the 11th July, 2023 as the record date for determining entitlement of Members to final dividend for the financial year ended 31st March, 2023, if any, as recommended by the Board of Directors and if approved by the Members at its Annual General Meeting convened on Saturday, the 22nd July, 2023. Notice of 61st Annual General Meeting scheduled to be held on 22nd July, 2023 and Integrated Annual Report for year 2022-23. (As Per BSE Announcement dated on 30.06.2023) Newspaper Clippings - ' Annual General Meeting ' of the Members of the Company, Record Date for Final Dividend, if any, and other related information. (As Per BSE Announcement Dated on 01.07.2023) We are enclosing herewith the Proceedings of the 61st Annual General Meeting (AGM)held on Saturday, the 22nd July, 2023 at 11:00 a.m. through Video Conferencing and Other Audio Visual Means and Details of Voting Results of Business transacted at the said AGM and the Consolidated Scrutinizers Report on Remote Evoting and Evoting conducted at the said AGM We are enclosing herewith Proceedings of 61st Annual General Meeting held on Saturday, the 22nd July, 2023 at 11:00 a.m., Voting Results of the business transacted at the said AGM and Consolidated Scrutinizers Report on remote evoting and evoting conducted at the said AGM. (As per BSE Announcement Dated on 22/07/2023)

AGM Date: 19 Jul 2024

This is to inform you that 62nd Annual General Meeting of the Members of the Company is scheduled to be convened on Friday, the 19th July, 2024 through Video Conferencing /Other Audio Visual Means. Annual report for year 2023-24 along with Notice of AGM is attached herewith. The Company has fixed Saturday, the 6th July, 2024 as the record date for determining entitlement of Members to Final Dividend for year ended 31st March, 2024, if approved at the AGM Proceedings of 62nd Annual General Meeting held on 19th July, 2024. (As Per NSE Announcement Dated on: 19/07/2024)

Balkrishna Industries Ltd Peer Comparison

Company	Price	Market Cap (in ₹ Cr)
Balkrishna Industries Ltd	₹2,677.55	₹51,761.64
MRF Ltd	₹1,12,110.50	₹47,547.67
Apollo Tyres Ltd	₹447.70	₹28,433.47
CEAT Ltd	₹2,960.15	₹11,973.83
JK Tyre & Industries Ltd	₹357.90	₹9,807.18
TVS Srichakra Ltd	₹3,203.65	₹2,454

Balkrishna Industries Ltd News

Balkrishna Industries declare Quarterly Result

On 25 January 2025

18 Jan 2025, 06:01 pm

Balkrishna Industries Ltd spurts 1.24%, up for third straight session

Balkrishna Industries Ltd is quoting at Rs 2849.9, up 1.24% on the day as on 12:49 IST on the NSE. The stock is up 11.29% in last one year as compared to a 18.09% gain in NIFTY and a 34.09% gain in the Nifty Auto index.

03 Dec 2024, 01:06 pm

Balkrishna Industries Ltd rises for third straight session

Balkrishna Industries Ltd is quoting at Rs 2802.45, up 2.03% on the day as on 12:49 IST on the NSE. The stock is up 12.25% in last one year as compared to a 20.57% jump in NIFTY and a 40.86% jump in the Nifty Auto index.

19 Nov 2024, 01:05 pm

Balkrishna Industries Ltd eases for fifth straight session

Balkrishna Industries Ltd is quoting at Rs 2678.95, down 2.31% on the day as on 12:59 IST on the NSE. The stock jumped 1.68% in last one year as compared to a 20.25% rally in NIFTY and a 36.59% spurt in the Nifty Auto index.

13 Nov 2024, 01:13 pm

Balkrishna Inds gains as Q2 PAT rises 4% YoY to Rs 350 cr; declares dividend of Rs 4/- share

Balkrishna Inds advanced 1.42% to Rs 2,944.70 after the company reported 4.24% increase in standalone net profit to Rs 349.60 core on 9.45% rise in revenue from operations to Rs 2,436.19 crore in Q2 FY25 over Q2 FY24.

28 Oct 2024, 11:20 am

Balkrishna Industries Ltd Stock Analysis

Annual revenue for Balkrishna Industries Ltd decreased by 3.96% to ₹9,746.61 crore in FY 2024 from ₹10,148.31 crore in FY 2023.
Annual Net Profit for Balkrishna Industries Ltd increased by 33.27% to ₹1,437.61 crore in FY 2024 from ₹1,078.71 crore in FY 2023.
Promoter Shareholding in Balkrishna Industries Ltd remains unchanged by 0.00% in the most recent quarter, from 58.29% in September 2024 to 58.29% in December 2024.
Balkrishna Industries Ltd delivered a 1-year return of 2.28% compared to the Nifty 50, which provided a return of 8.41% as of the last trading session.
Balkrishna Industries Ltd share price moved up by 0.90% from its previous close of INR ₹2,681.60. The latest Balkrishna Industries Ltd share price is INR ₹2,705.70.
Balkrishna Industries Ltd share price today has been at a low of 2,645.20 and a high of 2,719. Over the past 52 weeks, the Balkrishna Industries Ltd share price has seen a low of 2,193.80 and a high of 3,375.

About Balkrishna Industries Ltd

Balkrishna Industries Ltd. (BKT) is a prominent Indian multinational company. It specializes in off-highway tyres, which are used in various specialist sectors. This includes agriculture, construction, mining, and gardening. The company operates within the auto and truck parts sector. It mainly focuses on off-highway tyre production.

Founded in 1987, Balkrishna Industries has been in business for over three decades. The company’s headquarters are located in Aurangabad, Maharashtra. The company's promoters are the Poddar family, with Arvind Poddar playing a significant role in its growth and development.

BKT’s main products include a wide range of off-highway tyres designed for different applications. Their products are mainly used in agricultural machinery, construction equipment, and industrial vehicles. They are manufactured in Aurangabad, Bhiwadi, Chopanki, Dombivli, and Bhuj factories.

BKT is a significant player in the off-highway tyre market. However, it is not the largest in terms of market share or capitalization. It holds a significant position and is well-regarded for its quality and innovation.

The promoter shareholding in Balkrishna Industries is 58.29%. This reflects the strong involvement of the founding family in the company’s operations and strategic direction.

The registered office of BKT is located at B-66, Waluj MIDC, Waluj Industrial Area, Aurangabad, Maharashtra, India. The company’s registrars and transfer agents are Link Intime India Pvt. Ltd., based in Mumbai. The management team includes critical figures such as Arvind Poddar (Chairman and Managing Director) and Rajiv Poddar (Joint Managing Director). They have been instrumental in steering the company towards growth and innovation. Furthermore, the crucial team members include:

Vipul Shah
Vijaylaxmi Poddar
Pankaj Ghadiali

Balkrishna Industries continues to expand its global footprint. It serves customers in over 160 countries and maintains a strong commitment to sustainability and innovation.

Success Of the Company

Balkrishna Industries Ltd. (BKT) has carved a niche for itself in the global market as a leading manufacturer of off-highway tyres. The company’s journey from its start in 1987 to becoming a significant player in the tyre industry is a testament to its strategic vision, innovation, and commitment to quality.

One of the key factors behind BKT's success is its strategic vision. The company has consistently focused on expanding its product portfolio to cater to diverse applications, including agricultural, construction, industrial, and mining sectors.

This diversification has enabled BKT to capture opportunities in multiple markets and reduce its reliance on any single segment. Additionally, BKT's commitment to quality is evident in its manufacturing facilities and rigorous quality control processes. The company operates five manufacturing plants in India, equipped with advanced technology to ensure the highest standards of production.

Promoters and Leadership
The Poddar family, particularly Arvind Poddar, has been instrumental in BKT’s growth. Their leadership has steered the company through various phases of expansion and innovation. The substantial promoter shareholding reflects the family’s deep involvement and commitment to the company’s success.

Product Range and Innovation
BKT’s extensive product portfolio covers a wide range of off-highway tyres. Their products are used for agricultural machinery, construction equipment, and industrial vehicles. The company’s focus on research and development has led to the creation of innovative products. Also, the products should cater to the evolving needs of its customers. BKT’s commitment to quality and innovation has earned it a reputation for reliability and performance in the global market.

Market Position and Global Reach
BKT is not the most significant player in market share or capitalization. But it holds a significant position in the off-highway tyre market. The company’s products are exported to over 160 countries, showcasing its strong global presence. BKT’s ability to compete with larger multinational companies is a testament to its strategic vision and operational excellence.

Sustainability and Corporate Responsibility
BKT is committed to sustainability and corporate social responsibility. The company has implemented various initiatives to reduce its environmental footprint. It includes the use of renewable energy sources and sustainable manufacturing practices. BKT’s focus on sustainability extends to its products. These products are designed to be durable and environmentally friendly.

Financial Performance
BKT’s financial performance has been robust, with consistent growth in revenue and profitability. The company’s strategic investments in capacity expansion and technological upgrades have contributed to its robust financial health. BKT’s ability to generate steady cash flows and maintain a healthy balance sheet has enabled it to invest in future growth opportunities.

Sustainability is also a core focus for BKT. The company is committed to minimizing its environmental impact through various initiatives, such as energy conservation, emissions control, and waste management. BKT's sustainability efforts are aligned with its long-term vision of creating a positive impact on the environment and society.

Overall, the success of Balkrishna Industries Ltd. can be attributed to its strategic vision, commitment to quality, focus on innovation, strong global presence, robust financial performance, and dedication to sustainability. As BKT continues to evolve and adapt to changing market dynamics, its focus on quality, customer satisfaction, and sustainability will drive its success in the years to come. The company's journey from a domestic manufacturer to a global player is a remarkable story of vision, innovation, and perseverance, positioning BKT for continued growth and success in the future.