Balkrishna Industries Ltd., incorporated in the year 1961, is a Large Cap company (having a market cap of Rs 46002.73 Crore) operating in Tyres sector.
Balkrishna Industries Ltd. key Products/Revenue Segments include Tyres & Tubes, Export Incentives, Scrap and Other Operating Revenue for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 2205.53 Crore, up 17.00 % from last quarter Total Income of Rs 1885.08 Crore and up 38.01 % from last year same quarter Total Income of Rs 1598.07 Crore. Company reported net profit after tax of Rs 391.03 Crore in latest quarter.
Investment Rationale
The brokerage expects an 18% revenue CAGR over FY21-24, and 21% in earnings growth, leading to an EPS of Rs106.5. It maintains a Buy rating, with a higher TP of Rs3,196 (30x FY24e).
Promoter/FII Holdings
Promoters held 58.3 per cent stake in the company as of 30-Sep-2021, while FIIs owned 15.42 per cent, DIIs 12.56 per cent.
(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
