BALKRISIND

Balkrishna Industries Share Price

₹3,076.00
+ 6.25 (0.2%)
  • Advice
  • Hold
18 September, 2024 02:38 BSE: 502355 NSE: BALKRISIND ISIN: INE787D01026

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Balkrishna Industries Performance

Day Range

  • Low 3,026
  • High 3,092
₹ 3,076

52 Week Range

  • Low 2,194
  • High 3,375
₹ 3,076
  • Open Price3,075
  • Previous Close3,070
  • Volume79109

Balkrishna Industries Chart

  • Over 1 Month + 8.59%
  • Over 3 Month -5.08%
  • Over 6 Month + 35.69%
  • Over 1 Year + 21.16%

Balkrishna Industries Key Statistics

P/E Ratio 36.5
PEG Ratio 0.7
Market Cap Cr
Price to Book Ratio 6.7
EPS 66
Dividend 0.5
Relative Strength Index 58.93
Money Flow Index 91.41
MACD Signal -4.21
Average True Range 67.78

Balkrishna Industries Investment Rating

  • Master Rating:
  • Balkrishna Industries has an operating revenue of Rs. 9,924.02 Cr. on a trailing 12-month basis. An annual revenue de-growth of -3% needs improvement, Pre-tax margin of 21% is great, ROE of 16% is good. The company has a reasonable debt to equity of 8%, 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 14% above 200DMA. It needs to take support around the 50 DMA level to continue further upside move. It is currently FORMING a base in its weekly chart and is trading around 9% away from the crucial pivot point. From an O'Neil Methodology perspective, the stock has an EPS Rank of 86 which is a GOOD score indicating consistency in earnings, a RS Rating of 39 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at C+ which is evident from recent supply seen, Group Rank of 123 indicates it belongs to a poor industry group of Auto/Truck-Tires & Misc and a Master Score of B is close to being the best. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock is lagging behind in some of the technical parameters, but great earnings make it a stock to examine in more detail.

EPS Strength

Price Strength

Buyer Demand

Group Rank

Balkrishna Industries Financials
IndicatorJun 2024Mar 2024Dec 2023Sep 2023Jun 2023Mar 2023
Oper Rev Qtr Cr 2,6902,6732,2802,2262,1202,318
Operating Expenses Qtr Cr 2,0392,0081,7411,7071,6391,847
Operating Profit Qtr Cr 650665539518481471
Depreciation Qtr Cr 162172159159154151
Interest Qtr Cr 213035232125
Tax Qtr Cr 1491531021089893
Net Profit Qtr Cr 477481309335312256
IndicatorMar 2024Mar 2023
Total Revenue Annual Cr 9,74610,148
Operating Expenses Annual Cr 7,0958,095
Operating Profit Annual in Cr 2,2041,716
Depreciation Cr 644557
Interest Annual Cr 10946
Tax Annual Cr 461372
Net Profit Annual Cr 1,4381,079
IndicatorMar 2024Mar 2023
Cash from Operating Activity Annual Cr 2,0521,414
Cash from Investing Activity Annual Cr -1,468-1,772
Cash from Financing Annual Activity Cr -568359
Net Cash Flow Annual Cr 171
IndicatorMar 2024Mar 2023
Total ShareHolders Funds Annual Cr 8,8627,589
Fixed Assets Annual Cr 7,2286,741
Total Non Current Assets Annual Cr 9,0128,385
Total Current Assets Annual Cr 4,5933,887
Total Assets Annual Cr 13,60512,272
IndicatorMar 2024Mar 2023
Book Value Per Share Annual Rs 458393
ROE Annual % 1614
ROCE Annual % 2017
Total Debt to Total Equity Annual --
EBDIT Annual Margin % 2921
IndicatorJun 2024Mar 2024Dec 2023Sep 2023Jun 2023Mar 2023
Oper Rev Qtr Cr 2,7152,6822,2742,2532,1592,317
Operating Expenses Qtr Cr 2,0512,0011,7341,7201,6581,837
Operating Profit Qtr Cr 664681541533501480
Depreciation Qtr Cr 163174161160155156
Interest Qtr Cr 223136242226
Tax Qtr Cr 1501601041089895
Net Profit Qtr Cr 490487305347332260
IndicatorMar 2024Mar 2023
Total Revenue Annual Cr 9,81810,106
Operating Expenses Annual Cr 7,1148,052
Operating Profit Annual in Cr 2,2551,707
Depreciation Cr 651571
Interest Annual Cr 11348
Tax Annual Cr 470377
Net Profit Annual Cr 1,4711,057
IndicatorMar 2024Mar 2023
Cash from Operating Activity Annual Cr 2,0831,448
Cash from Investing Activity Annual Cr -1,476-1,783
Cash from Financing Annual Activity Cr -602359
Net Cash Flow Annual Cr 523
IndicatorMar 2024Mar 2023
Total ShareHolders Funds Annual Cr 8,8547,557
Fixed Assets Annual Cr 7,2626,776
Total Non Current Assets Annual Cr 9,0408,420
Total Current Assets Annual Cr 4,6443,928
Total Assets Annual Cr 13,68512,348
IndicatorMar 2024Mar 2023
Book Value Per Share Annual Rs 458391
ROE Annual % 1714
ROCE Annual % 2016
Total Debt to Total Equity Annual --
EBDIT Annual Margin % 2921

Balkrishna Industries Technicals

EMA & SMA

Current Price
₹3,076.00
+ 6.25 (0.2%)
pointer
  • Bullish Moving Average
  • ___
  • 15
  • Bearish Moving Average
  • ___
  • 1
  • 20 Day
  • ₹3,002.39
  • 50 Day
  • ₹3,003.17
  • 100 Day
  • ₹2,934.66
  • 200 Day
  • ₹2,783.00
  • 20 Day
  • ₹2,946.91
  • 50 Day
  • ₹3,047.05
  • 100 Day
  • ₹2,988.13
  • 200 Day
  • ₹2,709.37

Balkrishna Industries Resistance and Support

PIVOT
₹3,064.49
Resistance
First Resistance 3,103.42
Second Resistance 3,130.83
Third Resistance 3,169.77
RSI 58.93
MFI 91.41
MACD Single Line -4.21
MACD 24.36
Support
First Support 3,037.07
Second Support 2,998.13
Third Supoort 2,970.72

Balkrishna Industries Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 80,956 3,547,492 43.82
Week 169,826 9,690,249 57.06
1 Month 251,207 13,746,069 54.72
6 Month 369,171 18,753,883 50.8

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. 9298.70 Cr. and Equity Capital is Rs. 38.66 Cr. for the Year ended 31/03/2024. 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 59,343
Sales 9,868
Shares in Float 8.12
No of funds 555
Yield 0.52
Book Value 6.7
U/D Vol ratio 1.1
LTDebt / Equity 8
Alpha -0.02
Beta 0.89

Balkrishna Industries Shareholding Pattern

Owner NameJun-24Mar-24Dec-23Sep-23
Promoters 58.29%58.29%58.29%58.29%
Mutual Funds 14.56%14.63%14.01%12.66%
Insurance Companies 7.2%6.74%6.61%7.75%
Foreign Portfolio Investors 12.61%12.24%12.69%12.53%
Financial Institutions/ Banks 0.01%
Individual Investors 5.38%6.03%6.09%6.33%
Others 1.96%2.06%2.31%2.44%

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. Pannkaj Ghadiali Non Exe. & Ind. Director
Ms. Shruti Shah Non Exe. & Ind. Director
Mr. Laxmidas Merchant Non Exe. & Ind. Director
Mr. Rahul Dutt 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
2024-08-09 Quarterly Results & Interim Dividend
2024-05-17 Audited Results & Final Dividend
2024-01-24 Quarterly Results & 3rd Interim Dividend
2023-10-21 Quarterly Results & Interim Dividend
2023-08-05 Quarterly Results & Interim Dividend
Date Purpose Remarks
2024-08-20 INTERIM Rs.4.00 per share(200%)First Interim Dividend
2024-07-06 FINAL Rs.4.00 per share(200%)Final Dividend
2024-02-02 INTERIM Rs.4.00 per share(200%)Third Interim Dividend
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

Balkrishna Industries FAQs

What is Share Price of Balkrishna Industries ?

Balkrishna Industries share price is ₹3,076 As on 18 September, 2024 | 02:24

What is the Market Cap of Balkrishna Industries ?

The Market Cap of Balkrishna Industries is ₹59464.4 Cr As on 18 September, 2024 | 02:24

What is the P/E ratio of Balkrishna Industries ?

The P/E ratio of Balkrishna Industries is 36.5 As on 18 September, 2024 | 02:24

What is the PB ratio of Balkrishna Industries ?

The PB ratio of Balkrishna Industries is 6.7 As on 18 September, 2024 | 02:24

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