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BALKRISIND - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.4

Last Updated Time : 19 Mar 26, 07:09 pm

Fundamental Rating: 3.4

Stock Code BALKRISIND Market Cap 42,066 Cr. Current Price 2,175 ₹ High / Low 2,818 ₹
Stock P/E 32.6 Book Value 540 ₹ Dividend Yield 0.74 % ROCE 16.5 %
ROE 15.5 % Face Value 2.00 ₹ DMA 50 2,377 ₹ DMA 200 2,438 ₹
Chg in FII Hold 0.30 % Chg in DII Hold -0.13 % PAT Qtr 375 Cr. PAT Prev Qtr 265 Cr.
RSI 34.4 MACD -85.4 Volume 1,25,788 Avg Vol 1Wk 1,98,384
Low price 2,020 ₹ High price 2,818 ₹ PEG Ratio 7.50 Debt to equity 0.35
52w Index 19.4 % Qtr Profit Var -14.7 % EPS 66.7 ₹ Industry PE 24.8

📊 Financial Overview

  • Revenue & Profitability: PAT at 375 Cr. vs 265 Cr. prior, but quarterly profit variation (-14.7%) indicates volatility.
  • Margins & Returns: ROCE (16.5%) and ROE (15.5%) are decent, reflecting moderate efficiency.
  • Debt: Debt-to-equity ratio at 0.35, manageable leverage.
  • Cash Flow: EPS at 66.7 ₹, consistent but modest relative to valuation multiples.

💹 Valuation Metrics

  • P/E Ratio: 32.6 vs Industry PE of 24.8 → Slightly overvalued.
  • P/B Ratio: Current Price ₹2,175 vs Book Value ₹540 → Stretched valuation.
  • PEG Ratio: 7.50 → Suggests poor valuation relative to growth.
  • Intrinsic Value: Current price above fair value zone, limited upside.

🏢 Business Model & Competitive Advantage

  • Strong presence in off-highway and specialty tires with global exports.
  • Brand recognition and niche market positioning provide resilience.
  • However, earnings volatility and stretched valuations limit competitive strength.

📈 Entry Zone Recommendation

  • Technicals: RSI at 34.4 (oversold), MACD negative, price below 50DMA & 200DMA.
  • Suggested entry zone: ₹2,000–₹2,100 for accumulation.
  • Long-term holding viable if profitability stabilizes and valuations normalize.


✅ Positive

  • Strong industry presence in niche tire markets.
  • Debt-to-equity ratio low (0.35).
  • EPS at 66.7 ₹ supports valuation.
  • FII holding increased (+0.30%).

⚠️ Limitation

  • Quarterly profit variation (-14.7%) indicates volatility.
  • P/E ratio (32.6) above industry average.
  • PEG ratio (7.50) signals poor growth-adjusted valuation.
  • DII holding reduced (-0.13%).

📉 Company Negative News

  • DII holding reduced (-0.13%).
  • Weak technical momentum with MACD negative.

📈 Company Positive News

  • FII holding increased (+0.30%).
  • Stable EPS and strong export-driven business model.

🏭 Industry

  • Industry PE at 24.8, lower than company’s 32.6.
  • Tire sector stable with long-term demand in agriculture and off-highway vehicles.

🔎 Conclusion

  • Balkrishna Industries shows strong niche positioning and moderate efficiency but faces earnings volatility.
  • Valuation is stretched compared to industry peers, limiting near-term upside.
  • Best strategy: Accumulate in the ₹2,000–₹2,100 zone.
  • Long-term holding viable if profitability stabilizes and valuation aligns closer to industry averages.

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