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.
Below are the trading platforms that you can use to purchase Balkrishna Industries shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
When | Maximum Price | Minimum Price |
February 2024 | ₹2,354.00 | ₹2,046.96 |
March 2024 | ₹2,402.04 | ₹2,088.73 |
April 2024 | ₹2,332.08 | ₹2,027.89 |
May 2024 | ₹2,297.61 | ₹1,997.93 |
June 2024 | ₹2,380.33 | ₹2,069.85 |
July 2024 | ₹2,356.53 | ₹2,049.15 |
August 2024 | ₹2,450.79 | ₹2,131.12 |
September 2024 | ₹2,548.82 | ₹2,216.36 |
October 2024 | ₹2,498.84 | ₹2,172.90 |
November 2024 | ₹2,573.81 | ₹2,238.09 |
December 2024 | ₹2,638.15 | ₹2,294.04 |
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.
When | Maximum Price | Minimum Price |
January 2025 | ₹2,690.91 | ₹2,069.93 |
February 2025 | ₹2,759.91 | ₹2,123.01 |
March 2025 | ₹2,867.55 | ₹2,205.81 |
April 2025 | ₹2,811.32 | ₹2,162.56 |
May 2025 | ₹2,729.44 | ₹2,099.57 |
June 2025 | ₹2,852.26 | ₹2,194.05 |
July 2025 | ₹2,796.34 | ₹2,151.03 |
August 2025 | ₹2,882.82 | ₹2,217.56 |
September 2025 | ₹2,983.72 | ₹2,295.17 |
October 2025 | ₹3,061.30 | ₹2,354.84 |
November 2025 | ₹3,137.83 | ₹2,413.71 |
December 2025 | ₹3,216.28 | ₹2,474.06 |
When | Maximum Price | Minimum Price |
January 2026 | ₹3,312.76 | ₹2,548.28 |
February 2026 | ₹3,397.71 | ₹2,613.62 |
March 2026 | ₹3,530.22 | ₹2,715.55 |
April 2026 | ₹3,461.00 | ₹2,662.31 |
May 2026 | ₹3,360.19 | ₹2,584.76 |
June 2026 | ₹3,511.40 | ₹2,701.08 |
July 2026 | ₹3,442.55 | ₹2,648.11 |
August 2026 | ₹3,549.02 | ₹2,730.01 |
September 2026 | ₹3,673.23 | ₹2,825.57 |
October 2026 | ₹3,768.74 | ₹2,899.03 |
November 2026 | ₹3,862.96 | ₹2,971.51 |
December 2026 | ₹3,959.53 | ₹3,045.79 |
When | Maximum Price | Minimum Price |
January 2027 | ₹4,038.72 | ₹3,106.71 |
February 2027 | ₹4,142.28 | ₹3,186.37 |
March 2027 | ₹4,303.83 | ₹3,310.64 |
April 2027 | ₹4,219.44 | ₹3,245.72 |
May 2027 | ₹4,096.54 | ₹3,151.19 |
June 2027 | ₹4,280.89 | ₹3,292.99 |
July 2027 | ₹4,196.95 | ₹3,228.42 |
August 2027 | ₹4,326.75 | ₹3,328.27 |
September 2027 | ₹4,478.19 | ₹3,444.76 |
October 2027 | ₹4,594.62 | ₹3,534.32 |
November 2027 | ₹4,709.49 | ₹3,622.68 |
December 2027 | ₹4,827.22 | ₹3,713.25 |
When | Maximum Price | Minimum Price |
January 2028 | ₹4,923.77 | ₹3,787.51 |
February 2028 | ₹5,050.02 | ₹3,884.63 |
March 2028 | ₹5,246.97 | ₹4,036.13 |
April 2028 | ₹5,144.09 | ₹3,956.99 |
May 2028 | ₹4,994.26 | ₹3,841.74 |
June 2028 | ₹5,219.00 | ₹4,014.62 |
July 2028 | ₹5,116.67 | ₹3,935.90 |
August 2028 | ₹5,274.91 | ₹4,057.63 |
September 2028 | ₹5,459.54 | ₹4,199.64 |
October 2028 | ₹5,601.48 | ₹4,308.83 |
November 2028 | ₹5,741.52 | ₹4,416.55 |
December 2028 | ₹5,885.06 | ₹4,526.97 |
When | Maximum Price | Minimum Price |
January 2029 | ₹6,002.76 | ₹4,617.51 |
February 2029 | ₹6,156.68 | ₹4,735.91 |
March 2029 | ₹6,396.79 | ₹4,920.61 |
April 2029 | ₹6,271.36 | ₹4,824.12 |
May 2029 | ₹6,088.70 | ₹4,683.62 |
June 2029 | ₹6,362.69 | ₹4,894.38 |
July 2029 | ₹6,237.93 | ₹4,798.41 |
August 2029 | ₹6,430.8 | ₹4,946.81 |
September 2029 | ₹6,655.94 | ₹5,119.95 |
October 2029 | ₹6,828.99 | ₹5,253.07 |
November 2029 | ₹6,999.72 | ₹5,384.40 |
December 2029 | ₹7,174.71 | ₹5,519.01 |
When | Maximum Price | Minimum Price |
January 2030 | ₹7,318.20 | ₹5,629.39 |
February 2030 | ₹7,505.85 | ₹5,773.73 |
March 2030 | ₹7,798.58 | ₹5,998.91 |
April 2030 | ₹7,645.67 | ₹5,881.28 |
May 2030 | ₹7,422.98 | ₹5,709.98 |
June 2030 | ₹7,757.01 | ₹5,966.93 |
July 2030 | ₹7,604.91 | ₹5,849.93 |
August 2030 | ₹7,840.12 | ₹6,030.86 |
September 2030 | ₹8,114.52 | ₹6,241.94 |
October 2030 | ₹8,325.50 | ₹6,404.23 |
November 2030 | ₹8,533.63 | ₹6,564.33 |
December 2030 | ₹8,746.98 | ₹6,728.44 |
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
Metric | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|
Sales | 5,210 | 4,811 | 5,783 | 8,295 | 9,760 |
Expenses | 3,904 | 3,537 | 3,972 | 6,286 | 8,047 |
Operating Profit | 1,306 | 1,274 | 1,811 | 2,009 | 1,712 |
OPM % | 25% | 26% | 31% | 24% | 18% |
Other Income | 215 | 250 | 171 | 438 | 342 |
Interest | 12 | 11 | 12 | 9 | 48 |
Depreciation | 333 | 374 | 416 | 455 | 571 |
Profit Before Tax | 1,177 | 1,140 | 1,555 | 1,982 | 1,435 |
Tax % | 34% | 16% | 24% | 28% | 26% |
Net Profit | 774 | 960 | 1,178 | 1,435 | 1,057 |
EPS (Rs) | 40.02 | 49.64 | 60.91 | 74.25 | 54.70 |
Dividend Payout % | 20% | 40% | 28% | 38% | 29% |
FAQS
By the end of 2024, it is expected that the per share price of Balkrishna Industries will rise to ₹2,638.15.
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.
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.
What did we learn?
- 1 Stock history of Balkrishna Industries
- 2 Balkrishna Industries Q3 FY24: Financial Overview
- 3 How to purchase Balkrishna Industries shares?
- 4 Share Price Prediction of Balkrishna Industries: 2024 to 2030
- 4.1 Share Price Target for Balkrishna Industries in 2024
- 4.2 Share Price Target for Balkrishna Industries in 2025
- 4.3 Balkrishna Industries Share Price Prediction 2026
- 4.4 Balkrishna Industries Share Price Prediction 2027
- 4.5 Balkrishna Industries Share Price Prediction 2028
- 4.6 Balkrishna Industries Share Price Prediction 2029
- 4.7 Balkrishna Industries Share Price Prediction 2030
- 5 Financial Condition of Balkrishna Industries: Last 5 years
- 6 FAQS
- 6.1 Can we expect an increase in the share price of Balkrishna Industries in 2024?
- 6.2 What is the share price target for Balkrishna Industries in 2025?
- 6.3 What is the revenue growth percentage of Balkrishna Industries in the last five years?
- 6.4 Is Balkrishna Industries’ shares a good buy for long-term growth opportunities?
- 7 Conclusion