Balkrishna Industries Ltd Share Price – NSE /  BSE

Tyres, Small Cap

Balkrishna Industries Ltd rose for a third straight session today. The stock is quoting at Rs 2849.9, up 1.24% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.63% on the day, quoting at 24428.3. The Sensex is at 80776.82, up 0.66%. Balkrishna Industries Ltd has added around 2.11% in last one month.

Meanwhile, Nifty Auto index of which Balkrishna Industries Ltd is a constituent, has added around 0.61% in last one month and is currently quoting at 23599.6, up 0.49% on the day. The volume in the stock stood at 65470 shares today, compared to the daily average of 2.02 lakh shares in last one month.

The benchmark December futures contract for the stock is quoting at Rs 2857.95, up 1.03% on the day. Balkrishna Industries Ltd is up 11.29% in last one year as compared to a 18.09% gain in NIFTY and a 34.09% gain in the Nifty Auto index.

The PE of the stock is 33.65 based on TTM earnings ending September 24.

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Balkrishna Industries Ltd is up for a third straight session today. The stock is quoting at Rs 2802.45, up 2.03% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.25% on the day, quoting at 23745.85. The Sensex is at 78326.94, up 1.28%. Balkrishna Industries Ltd has slipped around 5.63% in last one month.

Meanwhile, Nifty Auto index of which Balkrishna Industries Ltd is a constituent, has slipped around 6.42% in last one month and is currently quoting at 23043.85, up 2.55% on the day. The volume in the stock stood at 49100 shares today, compared to the daily average of 1.68 lakh shares in last one month.

The benchmark November futures contract for the stock is quoting at Rs 2808, up 2.13% on the day. Balkrishna Industries Ltd is up 12.25% in last one year as compared to a 20.57% jump in NIFTY and a 40.86% jump in the Nifty Auto index.

The PE of the stock is 32.86 based on TTM earnings ending September 24.

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Balkrishna Industries Ltd dropped for a fifth straight session today. The stock is quoting at Rs 2678.95, down 2.31% on the day as on 12:59 IST on the NSE. The benchmark NIFTY is down around 0.94% on the day, quoting at 23659.1. The Sensex is at 78018.99, down 0.83%.Balkrishna Industries Ltd has eased around 10.06% in last one month.Meanwhile, Nifty Auto index of which Balkrishna Industries Ltd is a constituent, has eased around 14.07% in last one month and is currently quoting at 23269.1, down 2.27% on the day. The volume in the stock stood at 1.27 lakh shares today, compared to the daily average of 1.39 lakh shares in last one month.

The benchmark November futures contract for the stock is quoting at Rs 2694.45, down 1.73% on the day. Balkrishna Industries Ltd jumped 1.68% in last one year as compared to a 20.25% rally in NIFTY and a 36.59% spurt in the Nifty Auto index.

The PE of the stock is 32.74 based on TTM earnings ending September 24.

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Profit before tax stood at Rs 465.32 crore in second quarter of FY25, up 4.84% from Rs 465.32 crore reccorded in Q2 FY24.

EBITDA grew 12.96% YoY to Rs 619 crore during the September 2024 quarter. EBITDA margin improved to 25.1% in Q2 FY25 as against 24.4% in same quarter previous fiscal.

During Q1 FY25, total expenses increased 9.1% YoY to Rs 2,060.87 crore. Finance costs stood at 40.35 crore (up 76.35% YoY), cost of materials consumed was at Rs 1,129.31 crore (up 5.46% YoY) and employee benefits expense was at Rs 118.57 crore (up 6.39% YoY) during the period under review.

The overall sales volume stood at 73,298 MT in Q2 of FY25, up 4% during the period under review.

On consolidated basis, the company’s net profit marginally declined to Rs 346.94 crore in Q2 FY25 as against Rs 347.44 crore posted in Q2 FY24. Revenue from operations gained 7.39% to Rs 2,419.74 crore in the September quarter as compared with Rs 5,571.57 crore posted in Q2 FY24.

The company has informed about total achievable capacity of approximately 360,000 mt p.a. mould manufacturing capex completed.

Meanwhile, the board has declared first interim dividend of Rs 4 per equity share for the financial year 2024-25. The record date for the said dividend will be 2 November 2024. The payment of the dividend shall be credited within 30 days from record date.

Balkrishna Industries is engaged in the business of manufacturing and selling of “Off-Highway Tyres” (OHT) in the specialist segments such as agricultural, industrial & construction, earthmovers & port, mining, forestry, lawn & garden and all terrain vehicles (ATV).

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