Balkrishna Industries Limited (IN:BALKRISIND)
:BALKRISIND
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Balkrishna Industries Limited
(BALKRISIND)
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Rating:57Neutral
Price Target:
₹2,268.00
▼(-2.65% Downside)
Action:Reiterated
Date:06/16/26
The score is held back primarily by weaker FY2026 fundamentals (lower net income, higher debt, and negative free cash flow) and a high valuation (P/E ~34 with a low yield). Technicals are also mixed-to-soft, with price below key longer-term moving averages and a negative MACD.
Positive Factors
Market position / Brand
Balkrishna's focused OHT (off-highway tyre) franchise and the BKT brand provide durable competitive positioning across agriculture and industrial end-markets. Broad geographic reach and OEM/distribution channels diversify demand and support pricing and long-term volume opportunities.
Negative Factors
Rising debt in FY2026
The step-up in absolute debt reduces financial flexibility and raises refinancing and interest coverage risk if earnings do not recover. Higher leverage alongside weaker FY2026 results increases vulnerability to slower demand or margin pressure over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Market position / Brand
Balkrishna's focused OHT (off-highway tyre) franchise and the BKT brand provide durable competitive positioning across agriculture and industrial end-markets. Broad geographic reach and OEM/distribution channels diversify demand and support pricing and long-term volume opportunities.
Read all positive factors
Balkrishna Industries Limited (BALKRISIND) vs. iShares MSCI India ETF (INDA)
Market Cap
₹433.87B
Dividend Yield0.68%
Average Volume (3M)12.58K
Price to Earnings (P/E)34.7
Beta (1Y)1.05
Revenue Growth3.60%
EPS Growth-24.89%
CountryIN
Employees3,590
SectorBasic Materials
Sector Strength58
IndustryAuto - Parts
Share Statistics
EPS (TTM)71.35
Shares Outstanding193,317,180
10 Day Avg. Volume19,853
30 Day Avg. Volume12,577
Financial Highlights & Ratios
PEG Ratio-1.30
Price to Book (P/B)3.68
Price to Sales (P/S)3.72
P/FCF Ratio-53.64
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)78.42
Revenue Forecast (FY)₹126.26B
Balkrishna Industries Limited Business Overview & Revenue Model
Company Description
Balkrishna Industries Limited operates as a global producer and supplier of tires and associated rubber products. Their product line features rubber tires, inner tubes, and carbon black. The company's core specialization lies in off-highway tires,...
How the Company Makes Money
Balkrishna Industries makes money primarily by manufacturing and selling off-highway tyres. Its core revenue stream is product sales of OHT tyres used in (1) agriculture (e.g., tractors and farm implements) and (2) non-agricultural/off-highway app...
Balkrishna Industries Limited Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
71
Positive
Cash Flow
57
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 103.76B | 108.23B | 103.57B | 93.04B | 96.46B | 82.09B |
| Gross Profit | 46.43B | 42.25B | 49.99B | 44.89B | 44.80B | 42.10B |
| EBITDA | 26.78B | 25.52B | 29.76B | 26.91B | 20.47B | 24.44B |
| Net Income | 13.80B | 12.43B | 16.55B | 14.71B | 10.57B | 14.35B |
Balance Sheet | ||||||
| Total Assets | 165.05B | 177.66B | 156.35B | 136.85B | 123.48B | 109.79B |
| Cash, Cash Equivalents and Short-Term Investments | 14.26B | 13.92B | 17.83B | 14.24B | 8.44B | 7.30B |
| Total Debt | 36.82B | 41.11B | 32.67B | 30.99B | 33.47B | 25.29B |
| Total Liabilities | 60.66B | 68.11B | 52.47B | 48.31B | 47.91B | 40.46B |
| Stockholders Equity | 104.40B | 109.55B | 103.88B | 88.54B | 75.57B | 69.33B |
Cash Flow | ||||||
| Free Cash Flow | -4.21B | -7.51B | 2.81B | 9.45B | -3.15B | -6.87B |
| Operating Cash Flow | 12.63B | 22.52B | 17.64B | 20.82B | 14.48B | 9.08B |
| Investing Cash Flow | -12.96B | -26.35B | -14.79B | -14.76B | -17.83B | -18.97B |
| Financing Cash Flow | 286.70M | 3.63B | -2.79B | -6.02B | 3.59B | 9.80B |
Balkrishna Industries Limited Technical Analysis
Positive
2329.80
Price Trends
2198.92
Positive
2279.55
Negative
2309.76
Negative
Market Momentum
5.00
Negative
56.29
Neutral
92.79
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BALKRISIND, the sentiment is Positive. The current price of 2329.8 is above the 20-day moving average (MA) of 2167.94, above the 50-day MA of 2198.92, and above the 200-day MA of 2309.76, indicating a neutral trend. The MACD of 5.00 indicates Negative momentum. The RSI at 56.29 is Neutral, neither overbought nor oversold. The STOCH value of 92.79 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
63 Neutral | ₹545.42B | 22.80 | ― | 0.15% | 10.64% | 29.47% | |
62 Neutral | ₹270.27B | 19.74 | ― | 0.98% | 8.98% | 22.59% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | ₹139.16B | 20.18 | ― | 0.77% | 18.61% | 47.83% | |
58 Neutral | ₹115.66B | 14.64 | ― | 0.59% | 11.12% | 49.80% | |
57 Neutral | ₹433.87B | 34.75 | ― | 0.68% | 3.60% | -24.89% | |
54 Neutral | ₹31.46B | 44.10 | ― | 0.40% | 11.97% | 245.60% |
* Basic Materials Sector Average
IN:BALKRISIND
Balkrishna Industries Limited
2,244.35
-139.70
-5.86%
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Balkrishna Industries Limited Corporate Events
Balkrishna Industries Faces Rs 4.8 Crore GST Demand, Plans to Appeal Ruling
Mar 31, 2026
Balkrishna Industries Limited has disclosed that it received an adjudication order from the Additional Commissioner of CGST Central Excise, Mumbai, covering financial years 2021-22 to 2023-24. The order, issued under GST and Compensation Cess pro...
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.