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Balkrishna Industries Limited
(BALKRISIND)
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Rating:67Neutral
Price Target:
₹2,281.00
▲(13.26% Upside)
Action:Reiterated
Date:08/01/26
The score is primarily supported by solid profitability and a strong price trend above major moving averages. It is held back by FY2026 profit softness, rising debt and negative free cash flow, and a relatively high P/E with a low dividend yield.
Positive Factors
Specialized OHT market position
Specialization in off-highway tires serves agriculture, construction, mining and industrial equipment across domestic and international markets. This diversified application and geographic exposure can support durable demand and reduce reliance on any single end market.
Negative Factors
Slowing growth and lower earnings
Slower revenue growth combined with a decline in net income indicates that recent expansion is not translating proportionately into earnings. If this pattern persists, weaker operating leverage or adverse product mix could limit profit growth and reduce reinvestment capacity.
Read all positive and negative factors
Positive Factors
Negative Factors
Specialized OHT market position
Specialization in off-highway tires serves agriculture, construction, mining and industrial equipment across domestic and international markets. This diversified application and geographic exposure can support durable demand and reduce reliance on any single end market.
Read all positive factors
Balkrishna Industries Limited (BALKRISIND) vs. iShares MSCI India ETF (INDA)
Market Cap
₹406.34B
Dividend Yield0.75%
Average Volume (3M)11.11K
Price to Earnings (P/E)28.9
Beta (1Y)1.21
Revenue Growth9.78%
EPS Growth-3.28%
CountryIN
Employees3,758
SectorGeneral
Sector StrengthN/A
IndustryAuto - Parts
Share Statistics
EPS (TTM)72.71
Shares Outstanding193,317,180
10 Day Avg. Volume20,525
30 Day Avg. Volume11,106
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)79.79
Revenue Forecast (FY)₹132.16B
Balkrishna Industries Limited Business Overview & Revenue Model
Company Description
Balkrishna Industries Limited manufactures and sells tires in India, Europe, North America, and internationally. It provides manufacturing and selling of off-highway tires OHT for use in various applications, such as agricultural, mining, forestry...
How the Company Makes Money
Balkrishna Industries primarily makes money by manufacturing and selling off-highway tires (OHT) to customers that need specialty tires for equipment operating in agriculture, construction, mining, and industrial applications. Revenue is generated...
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 | 115.18B | 108.23B | 103.57B | 93.04B | 96.46B | 82.09B |
| Gross Profit | 48.29B | 42.25B | 49.99B | 44.89B | 44.80B | 42.10B |
| EBITDA | 27.83B | 25.52B | 29.78B | 26.92B | 20.48B | 24.46B |
| Net Income | 14.06B | 12.43B | 16.55B | 14.71B | 10.57B | 14.35B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 177.66B | 156.35B | 136.85B | 123.48B | 109.79B |
| Cash, Cash Equivalents and Short-Term Investments | 13.88B | 13.92B | 17.83B | 14.24B | 8.44B | 7.30B |
| Total Debt | 0.00 | 41.11B | 32.67B | 30.99B | 33.47B | 25.29B |
| Total Liabilities | -109.55B | 68.11B | 52.47B | 48.31B | 47.91B | 40.46B |
| Stockholders Equity | 109.55B | 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
Neutral
2014.00
Price Trends
2187.51
Negative
2200.76
Negative
2250.15
Negative
Market Momentum
-19.46
Negative
49.20
Neutral
73.56
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 2014 is below the 20-day moving average (MA) of 2062.74, below the 50-day MA of 2187.51, and below the 200-day MA of 2250.15, indicating a neutral trend. The MACD of -19.46 indicates Negative momentum. The RSI at 49.20 is Neutral, neither overbought nor oversold. The STOCH value of 73.56 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 (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ₹245.12B | 14.35 | ― | 1.55% | 11.23% | 105.46% | |
67 Neutral | ₹406.34B | 28.90 | ― | 0.75% | 9.78% | -3.28% | |
67 Neutral | ₹500.56B | 20.73 | ― | 0.20% | 11.37% | 34.26% | |
61 Neutral | ₹126.82B | 24.52 | ― | 1.12% | 24.48% | 4.36% | |
58 Neutral | ₹32.17B | 34.78 | ― | 0.90% | 18.56% | 244.54% | |
56 Neutral | ₹87.83B | 17.57 | ― | 1.31% | 12.54% | -11.70% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:BALKRISIND
Balkrishna Industries Limited
2,101.95
-213.33
-9.21%
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Balkrishna Industries Limited Corporate Events
Pirelli–BKT Deal Targets Surge in India’s Premium Car Tyre Market
Oct 22, 2026
Pirelli and Balkrishna Industries Ltd. have entered a strategic partnership to tap the rapidly expanding Indian premium car tyre market, where vehicle registrations are projected to grow 5–7% annually between 2025 and 2030 and premium tyre d...
Balkrishna Industries Discloses Rs 1,500 Crore in Listed Debt Securities
Oct 14, 2026
Balkrishna Industries Limited has filed its half-yearly statement of debt securities as of 30 September 2026, detailing listed commercial paper and several tranches of unsecured rated non-convertible debentures. The disclosure, made in line with S...
Balkrishna Industries to Raise INR 550 Crore via Multi-Series NCD Issue
Sep 3, 2026
Balkrishna Industries Limited has approved a fresh fund-raising initiative through the issuance of rated, listed, unsecured, redeemable non-convertible debentures on a private placement basis. The finance committee cleared a total issue size of up...
Balkrishna Industries posts strong Q1 FY27 results, reinforces disclosure compliance
Jul 31, 2026
Balkrishna Industries Limited has published an extract of its unaudited standalone and consolidated financial results for the quarter ended 30 June 2026 in Business Standard and Lokmat, in line with SEBI listing regulations. The disclosure shows r...
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.