Balkrishna Industries Ltd. (BKT), founded in 1987 and headquartered in Mumbai, India, stands as a global leader in manufacturing off-highway tires. The company has garnered recognition for its commitment to innovation and quality in serving a broad spectrum of industries, including agriculture, construction, and mining.
A Diversified Portfolio for Global Reach
BKT’s business portfolio is diverse, encompassing the production of off-highway tires, industrial tires, and specialty tires. The company’s global footprint extends through an extensive network of distributors and dealerships, providing access to customers in over 160 countries.
A Comprehensive Range of Quality Tires
BKT boasts a robust product lineup that caters to various sectors such as agriculture, construction, mining, and forestry. Their tire offerings come in a variety of sizes and specifications to meet the distinct requirements of their customers. BKT products are renowned for their quality, durability, and high-performance attributes, making them the preferred choice for customers worldwide.
In addition to manufacturing superior tires, BKT goes the extra mile by offering valuable services to its customers. These services include technical support, training, and after-sales support. BKT’s dedicated team of experts assists customers in selecting the right tires for their specific needs.
Sustained Growth through Innovation
In recent years, BKT has experienced substantial growth due to its focus on innovation and an expanded product portfolio. The company has also been scaling up its manufacturing facilities to keep pace with the growing demand for its products. BKT’s commitment to sustainability and environmental responsibility has played a pivotal role in its remarkable success.
Fundamentals of Balkrishna Industries
Enterprise Value: ₹524,799,574,016.00
Enterprise Revenue: 5.64
Enterprise EBITDA: 29.61
Payout Ratio: 28.58%
P/E Ratio: 46.08
Price/Sales: 5.40
Price/Book: 6.61
Book Value: ₹390.91
Total Cash: ₹8.44 billion
Total Cash Per Share: ₹43.65
Total Debt: ₹33.47 billion
Debt/Equity: 44.28
Total Revenue: ₹92.99 billion
Revenue Per Share: ₹481.05
Quarterly Revenue Growth: -17.60%
EBITDA Margin: 19.06%
EBITDA: ₹17.72 billion
Gross Profit: ₹47.68 billion
Gross Margin: 48.60%
Earnings Per Share: ₹56.10
50-Day Average: ₹2,454.05
200-Day Average: ₹2,265.08
Last Split Factor: 2:1
Dividend Rate: ₹16.00
Dividend Yield: 0.62%
% Held by Insiders: 58.54%
% Held by Institutions: 26.44%
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Balkrishna Industries Share Price Targets
2023: Based on current market trends, the company’s share price target for 2023 ranges from a minimum of INR 2100 to a maximum of INR 2350. This projection considers the company’s robust financial performance, its well-established brand, and the optimistic outlook for the tire industry.
2024: In 2024, Balkrishna Industries is poised to sustain its growth trajectory, fueled by expansion plans and new product launches. The share price target for 2024 varies from a minimum of INR 2350 to a maximum of INR 2650.
2025: The share price target for 2025 ranges from a minimum of INR 2650 to a maximum of INR 2900. The company’s strategic initiatives, including an expanded distribution network and new product introductions, are anticipated to drive growth in 2025.
2026: For 2026, Balkrishna Industries’ share price target spans from a minimum of INR 2900 to a maximum of INR 3200. The company’s strong brand recognition, technological advancements, and focus on product innovation will continue to fuel its growth.
2027: In 2027, the company is expected to reap the benefits of its long-term growth strategy. Balkrishna Industries’ share price target for 2027 ranges from a minimum of INR 3200 to a maximum of INR 3500.
2030: Looking ahead to 2030, the company’s share price target ranges from a minimum of INR 4000 to a maximum of INR 4500. Balkrishna Industries’ focus on technological innovation, coupled with the growth of the tire industry, is expected to lead to a steady increase in its share price.
2040 and 2050: As we peer further into the future, Balkrishna Industries’ share price target for 2040 ranges from a minimum of INR 7000 to a maximum of INR 8000. By 2050, the share price target spans from a minimum of INR 12000 to a maximum of INR 14000. These long-term projections factor in the company’s strong brand recognition, its dedication to innovation, and the expansion of the tire industry. Balkrishna Industries is poised for substantial growth in the long run.
Disclaimer
It is important to emphasize that this article does not provide financial advice or stock recommendations. Share price predictions are inherently speculative and are for educational purposes only. Always conduct thorough research and seek advice from financial experts before making investment decisions.