Balkrishna Industries Limited (IN:BALKRISIND)
:BALKRISIND
Top Page
Balkrishna Industries Limited
(BALKRISIND)
Select Model
Select Model
Rating:66Neutral
Price Target:
₹2,388.00
▲(6.63% Upside)
Action:ReiteratedDate:03/26/26
The score is primarily supported by strong financial performance (growth and profitability with a stable balance sheet and improving cash generation). Offsetting this, technical signals are weak (below major moving averages and negative MACD), and valuation looks elevated with a modest dividend yield.
Positive Factors
Margin Sustainability
Robust gross, net, EBIT and EBITDA margins indicate durable pricing power and operational efficiency. This margin strength cushions raw-material and energy cost swings, supports consistent cash generation across cycles, and funds reinvestment or shareholder returns over the medium term.
Negative Factors
Slow Revenue Growth
Modest revenue growth (~2.6%) suggests limited top-line momentum in core OHT markets. Slow organic growth increases reliance on margin expansion, export penetration or M&A to drive overall earnings, raising execution risk and making growth more sensitive to market cycles over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Margin Sustainability
Robust gross, net, EBIT and EBITDA margins indicate durable pricing power and operational efficiency. This margin strength cushions raw-material and energy cost swings, supports consistent cash generation across cycles, and funds reinvestment or shareholder returns over the medium term.
Read all positive factors
Balkrishna Industries Limited (BALKRISIND) vs. iShares MSCI India ETF (INDA)
Market Cap
₹430.13B
Dividend Yield0.68%
Average Volume (3M)12.58K
Price to Earnings (P/E)29.3
Beta (1Y)1.02
Revenue Growth3.72%
EPS Growth-15.32%
CountryIN
Employees3,590
SectorBasic Materials
Sector Strength58
IndustryAuto - Parts
Share Statistics
EPS (TTM)19.40
Shares Outstanding193,317,180
10 Day Avg. Volume19,853
30 Day Avg. Volume12,577
Financial Highlights & Ratios
PEG Ratio2.36
Price to Book (P/B)4.70
Price to Sales (P/S)4.71
P/FCF Ratio173.52
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹2,500.00Price Target Upside11.63% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)84.18
Revenue Forecast (FY)₹123.22B
Balkrishna Industries Limited Business Overview & Revenue Model
Company Description
Balkrishna Industries Limited manufactures and sells tires worldwide. It offers rubber tires, tubes, and carbon black products. The company provides off-highway tires for use in various applications, such as agricultural, industrial and constructi...
How the Company Makes Money
Balkrishna Industries primarily makes money by manufacturing and selling specialty off-highway tyres. Revenue is generated from (1) sale of tyres across key end-use segments such as agricultural machinery, construction equipment, mining vehicles, ...
Balkrishna Industries Limited Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
72
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 103.76B | 103.57B | 93.04B | 96.46B | 82.09B | 56.75B |
| Gross Profit | 46.43B | 49.99B | 44.89B | 44.80B | 42.10B | 31.88B |
| EBITDA | 26.78B | 29.76B | 26.91B | 20.47B | 24.44B | 19.80B |
| Net Income | 13.80B | 16.55B | 14.71B | 10.57B | 14.35B | 11.78B |
Balance Sheet | ||||||
| Total Assets | 165.05B | 156.35B | 136.85B | 123.48B | 109.79B | 81.66B |
| Cash, Cash Equivalents and Short-Term Investments | 14.26B | 17.83B | 14.24B | 8.44B | 7.30B | 4.47B |
| Total Debt | 36.82B | 32.67B | 30.99B | 33.47B | 25.29B | 10.01B |
| Total Liabilities | 60.66B | 52.47B | 48.31B | 47.91B | 40.46B | 21.67B |
| Stockholders Equity | 104.40B | 103.88B | 88.54B | 75.57B | 69.33B | 60.00B |
Cash Flow | ||||||
| Free Cash Flow | -4.21B | 2.81B | 9.45B | -3.15B | -6.87B | 4.13B |
| Operating Cash Flow | 12.63B | 17.64B | 20.82B | 14.48B | 9.08B | 13.39B |
| Investing Cash Flow | -12.96B | -14.79B | -14.76B | -17.83B | -18.97B | -11.73B |
| Financing Cash Flow | 286.70M | -2.79B | -6.02B | 3.59B | 9.80B | -1.58B |
Balkrishna Industries Limited Technical Analysis
Neutral
2239.55
Price Trends
2356.41
Negative
2352.99
Negative
2391.20
Negative
Market Momentum
-60.05
Negative
51.00
Neutral
66.57
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BALKRISIND, the sentiment is Neutral. The current price of 2239.55 is above the 20-day moving average (MA) of 2154.67, below the 50-day MA of 2356.41, and below the 200-day MA of 2391.20, indicating a neutral trend. The MACD of -60.05 indicates Negative momentum. The RSI at 51.00 is Neutral, neither overbought nor oversold. The STOCH value of 66.57 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:BALKRISIND.
Balkrishna Industries Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | ₹564.33B | 23.43 | ― | 0.15% | 9.56% | -4.82% | |
66 Neutral | ₹430.13B | 29.33 | ― | 0.68% | 3.72% | -15.32% | |
64 Neutral | ₹276.71B | 16.87 | ― | 0.98% | 4.36% | -45.33% | |
64 Neutral | ₹143.27B | 24.70 | ― | 0.77% | 12.61% | -12.56% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
56 Neutral | ₹121.82B | 17.24 | ― | 0.59% | 4.55% | -30.30% | |
53 Neutral | ₹27.78B | 72.23 | ― | 0.40% | 8.03% | -57.44% |
* Basic Materials Sector Average
IN:BALKRISIND
Balkrishna Industries Limited
2,225.00
-40.72
-1.80%
IN:APOLLOTYRE
Apollo Tyres Limited.
435.70
35.01
8.74%
IN:CEATLTD
CEAT Limited
3,541.95
889.85
33.55%
IN:JKTYRE
JK Tyre & Industries Limited
422.55
152.89
56.70%
IN:MRF
MRF Limited
133,061.00
20,244.71
17.94%
IN:TVSSRICHAK
TVS Srichakra Limited
3,627.70
1,194.58
49.10%
Balkrishna Industries Limited Corporate Events
Balkrishna Industries Fully Redeems ₹100 Crore Commercial Paper on Due Date
Mar 13, 2026
Balkrishna Industries Limited has announced that it has fully redeemed a commercial paper issue with ISIN INE787D14227, paying the entire principal amount of ₹100 crore on the scheduled due date of March 13, 2026. The company stated that thi...
Balkrishna Industries to Raise ₹750 Crore via Non-Convertible Debentures
Mar 2, 2026
Balkrishna Industries Limited has approved a fund-raising plan via the issue and allotment of up to 75,000 rated, listed, unsecured, redeemable non-convertible debentures with a face value of ₹1,00,000 each, aggregating to ₹750 crore, ...
Balkrishna Industries Clears Q3 FY26 Results, Announces Third Interim Dividend
Jan 28, 2026
Balkrishna Industries Limited’s board has approved the unaudited standalone and consolidated financial results for the quarter and nine months ended 31 December 2025, reflecting continued operational momentum across its tyre business. Alongs...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.