Should I buy or sell Balkrishna Industries?

The average broker rating on Balkrishna Industries is Hold. The breakup of analyst rating is given below - 1 analysts have given a strong sell rating 1 analysts have given a sell rating 1 analysts have given a hold rating 1 analysts have given a buy rating 2 analysts have given a strong buy rating

Is Balkrishna Industries a good stock to invest in?

Balkrishna Industries can be analyzed on the following key metrics - TTM P/E: 47.20 Sector P/E: 32.94 Dividend Yield: 0.62 D/E ratio: 0.35

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Business News/Market/Market Stats/ Balkrishna Industries share price

Overview

Analysis

Balkrishna Industries Financials

Balkrishna Industries Corporate Actions

Company Profile

Balkrishna Industries share price

Sector: Tires

Balkrishna Industries is trading 1.47% upper at Rs 2,621.35 as compared to its last closing price. Balkrishna Industries has been trading in the price range of 2,677.95 & 2,576.40. Balkrishna Industries has given 21.18% in this year & 0.00% in the last 5 days.

Balkrishna Industries has TTM P/E ratio 47.20 as compared to the sector P/E of 32.94.There are 20 analysts who have initiated coverage on Balkrishna Industries. There are 2 analysts who have given it a strong buy rating & 3 analysts have given it a buy rating. 5 analysts have given the stock a sell rating.

The company posted a net profit of 347.44 Crores in its last quarter.

Listed peers of Balkrishna Industries include Balkrishna Industries (1.47%), MRF (2.84%), Apollo Tyres (-1.42%) etc.

Balkrishna Industries has a 58.29% promoter holding & 41.71% public holding.The Mutual Fund holding in Balkrishna Industries was at 7.75% in 30 Sep 2023. The MF holding has decreased from the last quarter. The FII holding in Balkrishna Industries was at 12.53% in 30 Sep 2023. The FII holding has increased from the last quarter.

2,621.35 +38.10 (1.47%)Updated : Thu 7 Dec, 2023 | 15:51:31

Balkrishna Industries share price range

Today's Low

2,576.40

Today's High

2,677.95

52 Week Low

1,912.30

52 Week High

2,680.00

Balkrishna Industries share Key Metrics

Market Cap ( ₹ Cr.)

49,927.07

Beta	1.04
Div. Yield (%)	0.62
P/B	6.61
D/E	0.35
Open Price	2,583.00

TTM P/E	47.20
Peg. Ratio	1.49
Sector P/E	32.94
Prev. Close	2,583.25

BALKRISIND share Key metrics

Balkrishna Industries stock Analysis

Price Analysis

1 Week	0.00%
3 Months	6.89%
6 Month	12.27%
YTD	21.18%
1 Year	25.14%

Risk Meter

23%Moderate risk
23%Moderate risk
23%Moderate risk
23%Moderate risk
23%Moderate risk

Recos

Strong Sell
Sell
Hold
Buy
Strong Buy

Analysts' Views

Ratings	Current	1 W Ago	1 M Ago	3 M Ago
Strong Buy	2	2	2	2
Buy	3	3	3	6
Hold	5	5	6	5
Sell	5	5	5	4
Strong Sell	5	5	4	4
Total	20	20	20	21

Balkrishna Industries Financials

INCOME
BALANCE SHEET
Cashflow

Annual

Quarterly

Period	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Total Revenue	9,759.53	8,295.12	5,783.19	4,811.24
Selling/ General/ Admin Expenses Total	2,351.80	1,983.15	1,291.17	1,078.78
Depreciation/ Amortization	569.37	453.77	414.68	371.98
Other Operating Expenses Total	189.75	28.83	25.38	28.37
Total Operating Expense	8,618.25	6,741.52	4,388.38	3,912.80
Operating Income	1,141.28	1,553.60	1,394.81	898.44
Net Income Before Taxes	1,434.79	1,982.15	1,554.92	1,139.52
Net Income	1,057.40	1,435.38	1,177.53	959.65
Diluted Normalized EPS	54.84	74.21	60.94	49.66

*All figures in crores except per share values

Detailed BALKRISIND Financials

Balkrishna Industries forecast

Income Sheet (In Cr)Net Income Vs Revenue

Returns Metrics (In Cr)ROA Vs ROE

Mutual Fund Ownership

Ownership as on: Thu, 7 Dec, 2023

LIC MF Midcap Fund Regular Growth

1/5

Equity

Amount Invested (Cr.)4.36

% of AUM1.94%

JM Midcap Fund Regular Growth

Equity

Amount Invested (Cr.)11.69

% of AUM1.85%

Nippon India Nifty Midcap 150 Index Fund Regular Growth

Index Funds

Amount Invested (Cr.)8.17

% of AUM0.86%

Nippon India Growth Fund - Growth

4/5

Equity

Amount Invested (Cr.)69.99

% of AUM0.33%

View All

Balkrishna Industries Corporate actions

Board Meetings
AGM
Dividends
Bonus
Split
Rights

Meeting Date	Purpose
21-Oct-23	Quarterly Results & Interim Dividend
05-Aug-23	Quarterly Results & Interim Dividend
27-May-23	Audited Results & Final Dividend
11-Feb-23	Quarterly Results & Interim Dividend
14-Nov-22	Quarterly Results & Interim Dividend
04-Aug-22	Quarterly Results & 1st Interim Dividend
13-May-22	Audited Results & Final Dividend
14-Feb-22	Quarterly Results & Interim Dividend
11-Nov-21	Quarterly Results & Interim Dividend
06-Aug-21	Quarterly Results & Interim Dividend

Meeting Date	Announcement On	Purpose
30-Jun-21	07-Jun-21	AGM

Announcement On	Record Date	Ex-Dividend	Dividend Value
13-Oct-23	31-Oct-23	31-Oct-23	4
31-Jul-23	12-Aug-23	11-Aug-23	4
29-May-23	11-Jul-23	11-Jul-23	4
03-Feb-23	18-Feb-23	17-Feb-23	4
07-Nov-22	22-Nov-22	21-Nov-22	4
27-Jul-22	13-Aug-22	11-Aug-22	4
13-May-22	27-Jun-22	24-Jun-22	4
08-Feb-22	22-Feb-22	21-Feb-22	12
07-Feb-22	22-Feb-22	21-Feb-22	4
03-Nov-21	19-Nov-21	17-Nov-21	4

Detailed BALKRISIND Corporate actions

Balkrishna Industries Company profile

ABOUT Balkrishna Industries

Industry Tires
ISIN INE787D01026
BSE Code 502355
NSE Code BALKRISIND

Balkrishna Industries Limited is an India-based company that is engaged in the business of manufacturing and selling of off-highway tires (OHT) in the specialist segments, such as agricultural, industrial and construction, earthmovers and port, mining, forestry, lawn and garden and all-terrain vehicles (ATV). The Company’s agricultural applications include tractor, harvester, implements, telehandler, agro truck, go-kart, golf kart, mower, fertilizer truck, compact loader, backhoe loader, mobile home, and universal vehicle. Its industrial applications include compactor, container handler, reach stacker, excavator, forklift, skid steer, grader, straddle carrier, RTG crane, mobile crane, terminal tractor, tow tractor, light truck, road rail equipment, trailer, and military truck. Its off the road applications include articulated dump truck, rigid dump truck, load haul dump, low profile dump truck, underground mining vehicle, and scraper.