BALKRISIND

Balkrishna Industries Share PriceBalkrishna Industries

₹2,560.8
1.1 (0.04%)
  • Advice
  • Hold
As on 04 December, 2023 | 21:04 BSE: 502355 NSE: BALKRISINDISIN: INE787D01026

Balkrishna Industries Performance

Day Range

  • Low 2,529.00
  • High 2,592.00
₹ 2,560.8

52 Week Range

  • Low 1,908.90
  • High 2,682.75
₹ 2,560.8
  • Open Price2,590.50
  • Previous Close2,559.70
  • Volume261846

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Balkrishna Industries Share Price

  • Over 1 Month 0.67%
  • Over 3 Month 7.42%
  • Over 6 Month 12.02%
  • Over 1 Year 24.26%

Balkrishna Industries Key Statistics

P/E Ratio 47.3
PEG Ratio -1.9
Market Cap Cr 49,505
Price to Book Ratio 6.6
EPS 53.4
Dividend 0.6
Relative Strength Index 49.36
Money Flow Index 47.03
MACD Signal 3.31
Average True Range 56.5

Balkrishna Industries Investment Rating

  • Master Rating:
  • Balkrishna Industries has an operating revenue of Rs. 8,895.12 Cr. on a trailing 12-month basis. An annual revenue growth of 16% is outstanding, Pre-tax margin of 15% is great, ROE of 13% is good. The company has a reasonable debt to equity of 14%, which signals a healthy balance sheet. The stock from a technical standpoint is trading close to its 50DMA and comfortably placed above its 200DMA, around 10% above 200DMA. It needs to take support around the 50 DMA level to continue further upside move. From an O'Neil Methodology perspective, the stock has an EPS Rank of 61 which is a FAIR score but needs to improve its earnings, a RS Rating of 47 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at B+ which is evident from recent demand for the stock, Group Rank of 98 indicates it belongs to a poor industry group of Auto/Truck-Tires & Misc and a Master Score of C is fair but needs to improve. Institutional holding has declined in the last reported quarter is a negative sign. Overall, the stock has mediocre earnings and technical strength, there are superior stocks in the current market environment.

EPS Strength

Price Strength

Buyer Demand

Group Rank

Balkrishna Industries Financials
IndicatorSep 2023Jun 2023Mar 2023Dec 2022Sep 2022Jun 2022Mar 2022
Oper Rev Qtr Cr 2,2262,1202,3182,1422,7042,6462,374
Operating Expenses Qtr Cr 1,7071,6391,8471,8852,2602,1911,874
Operating Profit Qtr Cr 518481471257445455500
Depreciation Qtr Cr 159154151145134126117
Interest Qtr Cr 23212514432
Tax Qtr Cr 108989342128109115
Net Profit Qtr Cr 335312256100404320374
IndicatorMar 2023Mar 2022
Total Revenue Annual Cr 10,1488,697
Operating Expenses Annual Cr 8,0956,291
Operating Profit Annual in Cr 1,7161,976
Depreciation Cr 557444
Interest Annual Cr 468
Tax Annual Cr 372544
Net Profit Annual Cr 1,0791,411
IndicatorMar 2023Mar 2022
Cash from Operating Activity Annual Cr 1,414881
Cash from Investing Activity Annual Cr -1,772-1,889
Cash from Financing Annual Activity Cr 3591,003
Net Cash Flow Annual Cr 1-5
IndicatorMar 2023Mar 2022
Total ShareHolders Funds Annual Cr 7,5896,925
Fixed Assets Annual Cr 6,7415,245
Total Non Current Assets Annual Cr 8,3857,054
Total Current Assets Annual Cr 3,8873,803
Total Assets Annual Cr 12,27210,857
IndicatorMar 2023Mar 2022
Book Value Per Share Annual Rs 393358
ROE Annual % 1420
ROCE Annual % 1725
Total Debt to Total Equity Annual --
EBDIT Annual Margin % 2129
IndicatorSep 2023Jun 2023Mar 2023Dec 2022Sep 2022Jun 2022Mar 2022
Oper Rev Qtr Cr 2,2532,1592,3172,1662,6582,6192,374
Operating Expenses Qtr Cr 1,7201,6581,8371,8962,2312,1751,871
Operating Profit Qtr Cr 533501480269426444503
Depreciation Qtr Cr 160155156149137129120
Interest Qtr Cr 24222614533
Tax Qtr Cr 108989543129111116
Net Profit Qtr Cr 347332260108382307375
IndicatorMar 2023Mar 2022
Total Revenue Annual Cr 10,1068,733
Operating Expenses Annual Cr 8,0526,286
Operating Profit Annual in Cr 1,7072,009
Depreciation Cr 571455
Interest Annual Cr 489
Tax Annual Cr 377547
Net Profit Annual Cr 1,0571,435
IndicatorMar 2023Mar 2022
Cash from Operating Activity Annual Cr 1,448908
Cash from Investing Activity Annual Cr -1,783-1,897
Cash from Financing Annual Activity Cr 359980
Net Cash Flow Annual Cr 23-9
IndicatorMar 2023Mar 2022
Total ShareHolders Funds Annual Cr 7,5576,933
Fixed Assets Annual Cr 6,7765,278
Total Non Current Assets Annual Cr 8,4207,085
Total Current Assets Annual Cr 3,9283,894
Total Assets Annual Cr 12,34810,979
IndicatorMar 2023Mar 2022
Book Value Per Share Annual Rs 391359
ROE Annual % 1421
ROCE Annual % 1626
Total Debt to Total Equity Annual --
EBDIT Annual Margin % 2129

Balkrishna Industries Technicals

EMA & SMA

Current Price
₹2,560.8
1.1 (0.04%)
pointer
  • Bullish Moving Average
  • ___
  • 7
  • Bearish Moving Average
  • ___
  • 9
  • 20 Day
  • ₹2,567.65
  • 50 Day
  • ₹2,546.35
  • 100 Day
  • ₹2,485.86
  • 200 Day
  • ₹2,383.26
  • 20 Day
  • ₹2,572.00
  • 50 Day
  • ₹2,567.33
  • 100 Day
  • ₹2,490.28
  • 200 Day
  • ₹2,324.21

Balkrishna Industries Resistance and Support

PIVOT
₹2,560.6
Resistance
First Resistance 2,592.20
Second Resistance 2,623.60
Third Resistance 2,655.20
RSI 49.36
MFI 47.03
MACD Single Line 3.31
MACD 1.90
Support
First Resistance 2,529.20
Second Resistance 2,497.60
Third Resistance 2,466.20

Balkrishna Industries Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 387,596 24,612,346 63.5
Week 346,472 22,378,614 64.59
1 Month 305,546 16,343,666 53.49
6 Month 275,259 12,631,634 45.89

Balkrishna Industries Result Highlights

Balkrishna Industries Synopsis

NSE-Auto/Truck-Tires & Misc

Balkrishna Ind. is involved in the business activities of Manufacture of rubber tyres and tubes. Company’s Total Operating Revenue is Rs. 9810.52 Cr. and Equity Capital is Rs. 38.66 Cr. for the Year ended 31/03/2023. Balkrishna Industries Ltd. is a Public Limited Listed company incorporated on 20/11/1961 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L99999MH1961PLC012185 and registration number is 012185.
Market Cap 49,457
Sales 8,806
Shares in Float 8.12
No of funds 514
Yield 0.63
Book Value 6.52
U/D Vol ratio 0.9
LTDebt / Equity 14
Alpha 0.06
Beta 0.84

Balkrishna Industries

Owner NameSep-23Jun-23Mar-23Dec-22
Promoters 58.29%58.29%58.29%58.29%
Mutual Funds 12.66%12.39%11.37%11.67%
Insurance Companies 7.75%7.77%7.93%7.64%
Foreign Portfolio Investors 12.53%12.4%12.42%12.45%
Financial Institutions/ Banks 0.18%
Individual Investors 6.33%6.53%7.23%7.42%
Others 2.44%2.62%2.58%2.53%

Balkrishna Industries Management

Name Designation
Mr. Arvind Poddar Chairman & Managing Director
Mr. Rajiv Poddar Joint Managing Director
Mr. Vipul Shah Whole Time Director & Co. Secretary
Mrs. Vijaylaxmi Poddar Non Exe.Non Ind.Director
Mr. Sandeep Junnarkar Non Exe. & Ind. Director
Mr. Pannkaj Ghadiali Non Exe. & Ind. Director
Mr. Rajendra Hingwala Non Exe. & Ind. Director
Ms. Shruti Shah Non Exe. & Ind. Director

Balkrishna Industries Forecast

Price Estimates

2,000(9.8%)
1,758(-3.5%)
1,590(-12.7%)

Other Analyst Rating

Balkrishna Industries Corporate Action

Date Purpose Remarks
2023-10-21 Quarterly Results & Interim Dividend
2023-08-05 Quarterly Results & Interim Dividend
2023-05-27 Audited Results & Final Dividend
2023-02-11 Quarterly Results & Interim Dividend
2022-11-14 Quarterly Results & Interim Dividend
Date Purpose Remarks
2023-10-31 INTERIM Rs.4.00 per share(200%)Second Interim Dividend
2023-08-12 INTERIM Rs.4.00 per share(200%)First Interim Dividend
2023-07-11 FINAL Rs.4.00 per share(200%)Final Dividend
2023-02-18 INTERIM Rs.4.00 per share(200%)Third Interim Dividend
2022-11-22 INTERIM Rs.4.00 per share(200%)Second Interim Dividend

Balkrishna Industries MF Shareholding

Name Amount(cr)
HDFC Mid-Cap Opportunities Fund Growth 47,846
Parag Parikh Flexi Cap Regular Growth 44,038
Kotak Flexicap Fund Growth 39,269
Mirae Asset Large Cap Fund Regular Growth 34,377
Kotak Emerging Equity Scheme Growth 33,700

Balkrishna Industries FAQs

What is Share Price of Balkrishna Industries ?

Balkrishna Industries share price is ₹2,560 As on 04 December, 2023 | 20:50

What is the Market Cap of Balkrishna Industries ?

The Market Cap of Balkrishna Industries is ₹49504.7 Cr As on 04 December, 2023 | 20:50

What is the P/E ratio of Balkrishna Industries ?

The P/E ratio of Balkrishna Industries is 47.3 As on 04 December, 2023 | 20:50

What is the PB ratio of Balkrishna Industries ?

The PB ratio of Balkrishna Industries is 6.6 As on 04 December, 2023 | 20:50

Q2FY23