Balkrishna Industries Share Price Target 2024 to 2030: Can it touch 15,000 INR by 2030?

Balkrishna Industries Limited (Balkrishna Ind) is an Indian multinational company that specialises in manufacturing and exporting off-highway tyres. Over the years, the business has experienced consistent expansion, with a strong emphasis on innovation, quality, and customer happiness.

Investors are now asking whether Balkrishna Ind is a good stock to buy after such a strong showing and what the company’s share price will do in the future. Based on the company’s financials, industry trends, and market analysis, we will analyse the trends and projections for Balkrishna Ind’s share price target from 2024 to 2030 in this article.

Stock history of Balkrishna Industries

Balkrishna Industries Limited (Balkrishna Ind) was established in Mumbai, India in 1961 as a small-scale industrial unit producing bicycle tubes and automotive tyres. However, the company shifted its focus to specialize in off-highway tyres in the early 1990s.

Through its strong emphasis on research and development, quality, and innovation, Balkrishna Ind has become a prominent player in the global off-highway tyre market, offering products for diverse industries such as agriculture, construction, mining, and forestry.

In 2007, Balkrishna Ind became a publicly traded company and was listed on the Bombay Stock Exchange and the National Stock Exchange of India. Since then, the company’s stock has reflected its growth trajectory, characterized by a steady upward trend with occasional fluctuations due to market conditions and industry-specific challenges. Overall, Balkrishna Ind’s success in the off-highway tyre industry is a testament to its strategic investments and commitment to innovation.

• Q3 Revenue: ₹2,274.4 crore, up 5% YoY
• Sales Volume: 72,749 MT, a 9% increase
• Net Profit: ₹305.4 crore, a substantial 181.71% YoY growth
• EBITDA: ₹540.6 crore, a notable 101% YoY increase
• EBITDA Margin: 23.8%, up from 12.4% in the same quarter last fiscal
• Board declared a third interim dividend of ₹4 per share.
• Market reaction suggests factors beyond financials influenced share prices, emphasizing market sentiment and external dynamics.

How to purchase Balkrishna Industries shares?

Below are the trading platforms that you can use to purchase Balkrishna Industries shares:

➤ Zerodha

➤ Upstox

➤ Groww

➤ AngelOne

➤ ICICIDirect

Share Price Prediction of Balkrishna Industries: 2024 to 2030

Share Price Target for Balkrishna Industries in 2024

In February 2024, Balkrishna Industries is anticipated to experience a maximum price of ₹2,354.00 and a minimum price of ₹2,046.96. As the calendar turns to March, the company’s shares are projected to reach a peak of ₹2,402.04, while the minimum is expected to be ₹2,088.73. This trend continues throughout the year, culminating in December 2024, where Balkrishna Industries is foreseen to witness a maximum price of ₹2,638.15 and a minimum of ₹2,294.04.

Share Price Target for Balkrishna Industries in 2025

Balkrishna Industries Share Price Prediction 2026

Balkrishna Industries Share Price Prediction 2027

Balkrishna Industries Share Price Prediction 2028

Balkrishna Industries Share Price Prediction 2029

Balkrishna Industries Share Price Prediction 2030

Balkrishna Industries is poised for a favorable performance in 2030, with January projecting a maximum share price of ₹7,318.20 and a minimum of ₹5,629.39. Moving into February, the company is expected to reach a peak of ₹7,505.85, accompanied by a minimum forecasted at ₹5,773.73. This upward trend persists throughout the year, concluding in December 2030, where Balkrishna Industries is forecasted to observe a maximum share price of ₹8,746.98 and a minimum of ₹6,728.44.

Financial Condition of Balkrishna Industries: Last 5 years

FAQS

Can we expect an increase in the share price of Balkrishna Industries in 2024?

By the end of 2024, it is expected that the per share price of Balkrishna Industries will rise to ₹2,638.15.

What is the share price target for Balkrishna Industries in 2025?

The share price target of Balkrishna Industries for 2025 might be around ₹3,216.28.

What is the revenue growth percentage of Balkrishna Industries in the last five years?

Balkrishna Industries’ revenue has grown by 86.9% in the last five years, from ₹4,443.79 crores in 2018 to ₹8,295.12 crores in 2022.

Is Balkrishna Industries’ shares a good buy for long-term growth opportunities?

Based on the company’s consistent revenue and profit growth over the last five years and the projected share price targets for 2024 to 2030, Balkrishna Industries’ shares appear to be a good buy for investors seeking long-term growth opportunities.

Also read:

• SBI Share price target 2024, 2024, 2025 Till 2030: Can SBI reach 1000INR?
• Metropolis Healthcare Limited Share Price Target 2024, 2024, 2025 to 2030?
• Bharti Airtel Share Price Target 2024, 2024, 2025 to 2030: Can BHARTIAIRTL touch 1000 INR?

Conclusion

In conclusion, Balkrishna Industries has shown remarkable growth in terms of revenue and profit over the last five years. From a revenue of ₹4,443.79 crores in 2018, the company’s revenue increased to ₹9,760 crores in 2023, representing a percentage growth of 119.6%.

Looking ahead, based on the share price targets for 2024 to 2030, the company is projected to continue its upward trajectory with a maximum target price of ₹8,746.98 in 2030. Therefore, Balkrishna Industries’ shares appear to be a good buy for investors seeking long-term growth opportunities.  

Author: Neha BhardwajHello, I am Neha. I am currently pursuing B.Sc (Hons.) Computer Science from Hansraj College, University of Delhi. I am skilled in web content writing and my interest lies in the field of Data Analytics, Finance and Marketing.