Balkrishna Industries is engaged in the business of manufacturing and selling of Off-Highway Tyres (OHT) in the specialist segments such as Agricultural, Industrial and Construction, Earthmovers and Port, Mining, Forestry, Lawn and Garden and All Terrain Vehicles (ATV). Here, we are going to discuss Balkrishna Industries Share Price Graph and news.
About the company
Balkrishna Industries Limited is a tyre manufacturing company which is also known as BKT. This is Mumbai, India based company. Balkrishna Industries manufactures off-highway tires which were used in specialist segments like mining, earthmoving, agriculture and gardening in five factories located in Aurangabad, Bhiwadi, Chopanki, Dombivali, and Bhuj. This company was ranked 41st among the world’s tire makers in 2013. Balkrishna Industries is recently an OEM vendor for heavy equipment manufacturers which includes JCB company, John Deere and CNH Industrial. This company currently enjoys 2% market share of the global off-the-road tyre segment. The replacement market of Balkrishna Industries Limited in North America which is located in Akron, Ohio with one warehouse in, Wando, South Carolina, and Europe. This company’s business in the United States is in the farm market which is about 80 percent.
Company summary –
Balkrishna Industries Limited (BKT) manufactures Off-Highway tires in full compliance with international standards and regulations. In this company provide one of these is the European Directive REACH adopted by the chemical industry to improve the protection of human health and the environment. In all BKT tires, as well as production plants and processes. This company is certified to ISO quality standards. Balkrishna Industries Limited has obtained the ISO 9001:2015 certification for its Quality Management System. This is ISO 14001:2015 certified for the implementation of an effective Environmental Management System.
Balkrishna Industries Registered office is located at B-66, Waluj MIDC, Waluj Industrial Area, Aurangabad, Maharashtra – 431136.
Their Registrars are Karvy Fintech Pvt. Ltd. Karvy Selenium Tower B, Plot No. 31-32, Gachibowl, Hyderabad – 500032,
Balkrishna Industries Share Price Graph
Company financials :
Balkrishna Ind is in the Tyres sector. It is listed both on the BSE and NSE, with a BSE Code as well as the NSE with an NSE Code of BALKRISIND. The current market capitalization stands at Rs 17,070.87 crore. The Company had initiated to set up a carbon black project of 60,000 MT p.a. which is presently underway. Considering the overall demand/supply
outlook of Carbon Black, the Board has approved to enhance the project size from 60,000 MT to 140,000 MT. The total capital outlay on the entire project estimation is at the level of Rs. 425 crores which are planned to be completed by F.Y. 2020 – 2021. Now, focus on the fundamental records of the company. Industry P/E stands at 23.28 level. Price/Book value and Book value are 4.18 and 211.23 respectively. These are based on the consolidated statement of the company.
Each company, listed under NSE or BSE has the importance of shareholding pattern. The broad classification of the shareholding pattern is public and promoters holders. The company’s public shareholding percentage is 41.70 and promoters’ shareholding pattern is 58.30 (as per the consolidated report of Sept 18, 2018).
The Board of Directors of the company :
- Arvind Poddar is the Chairman and Managing Director of this company.
- Rajiv Poddar is the Joint Managing Director of this company.
- Vipul Shah is the Whole Time Director and Co. Secretary of this company.
- Khurshed Doongaji is the Director of the company.
- Laxmidas Merchant is the Director of this company.
- Sanjay Asher is the Director of the company.
- Ashok Saraf is the Director of this company.
- Vijaylaxmi Poddar is the Director of the company.
- Pannkaj Ghadiali is the Director of this company.
Name of the Shareholder belonging to the category – “Public and holding more than 1% of the Total No.of Shares” :
- Non-Resident Indian (NRI).
- HDFC Trustee Company Limited- Equity Fund.
- Amansa Holdings Private Limited.
- Alternative Investment Funds.
- Clearing Members.
- Bodies Corporate.
- HDFC Standard Life Insurance Company Limited.
News of the company :
Now, come to the last part of the content Balkrishna Industries Share Price . In the dated November 17, 2018, Dolat Capital recommended accumulate rating on Balkrishna Industries with a target price of Rs 1106. According to the recommendation from ICICI Direct investors may hold shares on Balkrishna Industries with a target price of Rs 1025 in its research report dated November 09, 2018. Another recommendation is holding shares on Balkrishna Industries with a target price of Rs 1250 as per research report dated September 04, 2018. On the other hand, HSBC has downgraded Balkrishna Industries to Hold from Buy and slashed target price to Rs 1,370 from Rs 1,410 per share.
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