BKT Tyres Share Price: Despite a decent Q3 performance, Balkrishna Industries faced setbacks. Today’s price is INR 2,453.00, and 2025 targets range from ₹2603.92 to ₹3012.65.
BKT Tyres Share Price 2024
Balkrishna Industries had a decent performance in the third quarter of the financial year 2024. However, they faced a bit of a setback with a foreign exchange loss of INR 520 million, causing their adjusted profit after tax to be slightly lower than expected at INR 3.1 billion, compared to the estimated INR 3.5 billion.
Looking ahead to the fourth quarter of the financial year, the company expects the amount of goods they transport to remain about the same as last year.
Unfortunately, due to ongoing supply chain issues in the Red Sea, they anticipate an increase in the cost of transporting these goods.
BKT Tyres Share Price Today
As of the latest update, Balkrishna Industries (BKT) share price is 2,453.00 INR, which reflects a decrease of 55.70 INR (2.22%) today.
BKT Tyres Share Rating
The current rating for Balkrishna Industries (BKT) shares, based on 359 reviews, is 3.9 out of 5.
BKT Tyres Share Price Screener
- Market Cap: ₹47,404.27 Crores
- Enterprise Value: ₹50,620.42 Crores
- Number of Shares: 19.33 Crores
- P/E (Price-to-Earnings Ratio): 39.1
- P/B (Price-to-Book Ratio): 5.55
- Face Value: ₹2
- Dividend Yield: 0.82%
- Book Value (TTM): ₹441.67
- Cash: ₹37.78 Crores
- Debt: ₹3,253.93 Crores
- Promoter Holding: 58.29%
- Earnings Per Share (TTM): ₹62.71
- Sales Growth: 18.68%
- Return on Equity (ROE): 14.86%
- Return on Capital Employed (ROCE): 15.10%
- Profit Growth: -23.53%
MUST READ: Balkrishna Industries share price Today Trends & Analyst.
BKTTyres Share Price Weekly History
Jan 19, 2024:
- Closing Price: ₹2,641.95
- Open: ₹2,583.90
- High: ₹2,652.00
- Low: ₹2,572.00
- Volume: 216.88K
- Change: 3.10%
Jan 20, 2024:
- Closing Price: ₹2,760.00
- Open: ₹2,645.05
- High: ₹2,794.20
- Low: ₹2,620.10
- Volume: 611.78K
- Change: 4.47%
Jan 24, 2024:
- Closing Price: ₹2,714.55
- Open: ₹2,621.95
- High: ₹2,732.05
- Low: ₹2,610.80
- Volume: 262.22K
- Change: 3.53%
Jan 25, 2024:
- Closing Price: ₹2,527.00
- Open: ₹2,710.00
- High: ₹2,755.90
- Low: ₹2,495.00
- Volume: 911.37K
- Change: -6.91%
Jan 29, 2024:
- Closing Price: ₹2,508.70
- Open: ₹2,550.00
- High: ₹2,550.00
- Low: ₹2,484.45
- Volume: 599.62K
- Change: -0.72%
Jan 30, 2024:
- Closing Price: ₹2,452.15
- Open: ₹2,530.00
- High: ₹2,541.75
- Low: ₹2,450.00
- Volume: 301.53K
- Change: -2.25%
Jan 23, 2024:
- Closing Price: ₹2,621.95
- Open: ₹2,779.80
- High: ₹2,782.65
- Low: ₹2,606.85
- Volume: 333.17K
- Change: -5.00%
BKT Tyres Share Price Target
In 2023, many Indian stocks, including BALKRISIND, had a fantastic time in the market, seeing a strong upward trend. Looking ahead to the first quarter of 2024, the positive vibes are expected to continue, though there might be a bit of a balancing act in the initial months.
According to the technical outlook, BALKRISIND’s share price is anticipated to have a bottom target of ₹2603.92 and a top target of ₹2795.64 in 2024.
BKT Tyres Share Price Target 2025
The future looks promising for BALKRISIND’s share price! It’s expected to hit around ₹3012.65 by January 2025.
If everything aligns well, considering both big and small economic factors and industry trends, we could even see it reach approximately ₹2984.15 by December 2025.
Here’s a monthly breakdown of the expected targets:
- January 2025: ₹3012.65
- February 2025: ₹3089.27
- March 2025: ₹3012.29
- April 2025: ₹2973.31
- May 2025: ₹2984.26
- June 2025: ₹2984.18
- July 2025: ₹2984.71
- August 2025: ₹2984.18
- September 2025: ₹2983.9
- October 2025: ₹2983.67
- November 2025: ₹2984.54
- December 2025: ₹2984.15
Balkrishna Industries Share Financial Summary
Balkrishna Industries Limited shared its earnings report for the second quarter and six months ending on September 30, 2023.
In the second quarter, the company’s sales were INR 22,531.9 million, down from INR 26,575.2 million the previous year.
Revenue also decreased to INR 23,602.8 million from INR 28,841.7 million. The net income for the quarter was INR 3,474.4 million, compared to INR 3,822.6 million a year ago.
Looking at the six months, sales amounted to INR 44,125.4 million, down from INR 52,769.5 million the previous year. Revenue also decreased to INR 46,253.9 million from INR 56,093.2 million.
The net income for the six months was INR 6,793.2 million, compared to INR 6,892.2 million a year ago.
Conclusion:
Balkrishna Industries (BKT) showed a decent Q3 performance in FY2024 but faced a setback with an INR 520 million forex loss, resulting in a slightly lower profit of INR 3.1 billion. Despite supply chain challenges,
BKT’s share price today is INR 2,453.00. The rating is 3.9 out of 5, with a market cap of ₹47,404.27 Crores. BKT’s 2025 share price target ranges from ₹2603.92 to ₹3012.65.
In 2023, Indian stocks, including BKT, had an upward trend. The company’s Q2 2023 earnings report showed a decline in sales, revenue, and net income compared to the previous year.
