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India
As of 18 Sept 2026, 03:30 pm
Between March 2019 and March 2020, Balkrishna Industries saw an increase in total assets from ₹6,479 crore to ₹6,806 crore. This growth was primarily driven by an increase in fixed assets, which rose from ₹2,786 crore to ₹3,308 crore. Concurrently, total liabilities also increased from ₹6,479 crore to ₹6,806 crore. Borrowings saw a rise from ₹871 crore to ₹932 crore, while reserves grew from ₹4,615 crore to ₹4,970 crore. Cash flow from operating activities increased significantly from ₹820 crore to ₹1,173 crore, contributing to a higher Free Cash Flow of ₹390 crore in March 2020 compared to ₹86 crore in March 2019.
On August 18, 2026, the Finance Committee approved the issuance and allotment of up to ₹550 crore in rated, listed, senior, unsecured, redeemable, non-cumulative, non-convertible debentures on a private placement basis. This was preceded by a Board Meeting intimation on August 13, 2026, to consider fund raising via non-convertible debentures. On August 25, 2026, ICRA Limited assigned a credit rating of 'ICRA AA+ (Stable)' to the company's proposed Non-Convertible Debenture programme of ₹550 crore.
For Q1 FY27, Balkrishna Industries reported an Off-Highway Tire (OHT) segment volume of 93,770 metric tons, marking a 16% year-on-year growth. Standalone revenue grew by 24% year-on-year to ₹3,409 crore. EBITDA stood at ₹703 crore, with a margin of 20.61%, impacted by raw material price increases partially offset by price hikes. The company commissioned Phase II of its Carbon Black plant, increasing total capacity to 360,000 MTPA, and expanded captive power capacity to 64 megawatts. Net debt was approximately ₹1,725 crore as of June 30, 2026, and an interim dividend of ₹4 per equity share was recommended.
As of September 18, 2026, the daily technical trend for Balkrishna Industries indicates a 'bearish' SuperTrend direction with the SuperTrend level at ₹2,307.47. The closing price was ₹2,265.3. Key support levels are identified near ₹2,253.87 (0.5% below current price) and ₹2,233.32 (1.41% below current price). Resistance levels are noted at ₹2,756.0 (21.66% above current price) and ₹2,794.01 (23.34% above current price).
As of 18 Sept 2026, 03:30 pm
Showing 3 of 5 candles
Recent drawdown or price variability is high enough to warrant closer monitoring.
Primary driver: Price remains materially below a previous peak
The session traded across a materially wider price range than usual.
Larger price swings can increase short-term uncertainty, especially if they continue.
The session opened materially below the previous close, indicating a sharp repricing at the open.
The price gap may increase short-term downside uncertainty and warrants review of the underlying context.
Trading activity was substantially higher than usual and the price closed lower.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
Trading activity was substantially higher than usual and the price closed lower.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
Latest complete financial results for Q1 FY2027 and comparative quarterly trends.
| Metric | Q1 FY2026-27(Latest) | Q4 FY2025-26 | Q3 FY2025-26 | Q2 FY2025-26 | Q1 FY2025-26 |
|---|---|---|---|---|---|
| Revenue From Operations | PEAK₹3,455.27 crore | ₹2,932.82 crore | ₹2,736.79 crore | ₹2,393.45 crore | ₹2,760.02 crore |
| Expenses | PEAK₹2,953.89 crore | ₹2,527.96 crore | ₹2,323.14 crore | ₹2,107.35 crore | ₹2,472.78 crore |
| Profit Before Exceptional Items And Tax | PEAK₹601.05 crore | ₹400.94 crore | ₹491.06 crore | ₹357.30 crore | ₹394.38 crore |
| Finance Costs | PEAK₹36.77 crore | ₹36.24 crore | ₹34.05 crore | ₹32.54 crore | ₹30.79 crore |
| Other Expenses | PEAK₹811.38 crore | ₹726.02 crore | ₹617.67 crore | ₹586.52 crore | ₹769.10 crore |
| Current Tax | PEAK₹130.95 crore | ₹109.49 crore | ₹100.35 crore | ₹78.27 crore | ₹99.90 crore |
Total comprehensive income for the quarter was ₹628.55 crore, significantly exceeding net profit. The difference of ₹177.78 crore represents other comprehensive income that bypassed the profit and loss statement. This comprehensive income figure is the highest in the five-quarter series, compared to ₹73.39 crore in the year-ago quarter.
Basic and diluted earnings per share were identical at ₹23.32 per share, reflecting the absence of dilutive instruments. This compares with ₹15.49 per share in the preceding quarter and ₹14.91 per share in the year-ago quarter. The sequential and year-on-year increases in earnings per share align precisely with the growth in net profit.
Balkrishna Industries Limited delivered a quarter of accelerated revenue growth, with expenses increasing at a slower pace, which expanded the pre-tax profit margin to 17.4%. Net profit rose to ₹450.77 crore, and total comprehensive income reached ₹628.55 crore, both setting new highs for the available period. The quarter's financial results reflect a clear expansion in profitability alongside strong top-line growth.
Exchange disclosures and regulatory announcements for Balkrishna Industries.
Balkrishna Industries Limited filed a compliance notice on September 18, 2026, regarding the transfer of shares to the Investor Education and Protection Fund (IEPF) Authority, with a claim deadline set for December 18, 2026. The company also published a public notice in English and Marathi newspapers on September 14, 2026, informing shareholders about unclaimed dividends and dormant accounts from the financial year 2019-20 onwards.
On August 25, 2026, ICRA Limited assigned a credit rating of 'ICRA AA+ (Stable)' to Balkrishna Industries Ltd.'s proposed Non-Convertible Debenture programme with a total rated amount of Rs. 550 crores. The rating action was communicated via letter dated August 25, 2026, and disclosed to the BSE and NSE pursuant to SEBI Listing Regulations. The rating remains valid for the life of the instrument until withdrawn or revised based on new information.
On 18th August 2026, the Finance Committee of Balkrishna Industries Ltd approved the issuance and allotment of 55,000 rated, listed, senior, unsecured, redeemable, non-cumulative, non-convertible debentures, each with a face value of INR 1,00,000, aggregating up to INR 550 crores, on a private placement basis in multiple tranches. The debentures are to be listed on BSE Limited, and the issuance is within the company's current borrowing limits under Section 180(1)(c) of the Companies Act, 2013.
Balkrishna Industries Limited scheduled a Finance Committee meeting for August 18, 2026, to consider and approve raising funds via private placement of non-convertible debentures. The proposal involves issuing these debt instruments in one or more tranches as part of the company's fund-raising agenda.
Balkrishna Industries reported Q1 FY27 results with OHT segment volume of 93,770 metric tons (16% YoY growth) and standalone revenue of INR3,409 crores (24% YoY growth). EBITDA was INR703 crores (20.61% margin), impacted by raw material price increases partially offset by price hikes of about 5%. The company commissioned Phase II of its Carbon Black plant in Bhuj, taking total capacity to 360,000 MTPA at a capital outlay of INR800 crores, and increased captive power capacity to 64 megawatts. Net debt stood at approximately INR1,725 crores as of June 30, 2026, and the Board recommended a first interim dividend of INR4 per equity share.
Balkrishna Industries Limited announced its unaudited financial results for the quarter ended June 30, 2026, with total income from operations at Rs. 3444.70 crores and net profit after tax at Rs. 432.10 crores. The company's board approved these results on July 29, 2026. Separately, YES BANK Limited is inviting Expressions of Interest for the sale of stressed loan exposures totaling Rs. 646.0 crores from the Ideal Group, with an auction scheduled under the Swiss Challenge Method. DSP Mutual Fund has also hosted its annual report for the financial year ended March 31, 2026, on its website and AMFI's website.
The 64th Annual General Meeting of Balkrishna Industries Limited was held on July 29, 2026, via video conferencing. Key agenda items included the adoption of audited financial statements for the year ended March 31, 2026, confirmation of interim dividends, and declaration of a final dividend of Rs. 4.00 per equity share. The meeting also addressed the re-appointment of directors and the appointment of joint statutory auditors, M/s. Deloitte Haskins & Sells Chartered Accountants LLP. The results of electronic voting will be disseminated to stock exchanges and uploaded on the company's website.
Balkrishna Industries Limited held its 64th Annual General Meeting on July 29, 2026, where all resolutions, including the adoption of financial statements, declaration of a final dividend of Rs. 4.00 per equity share, re-appointment of directors, and appointment of joint statutory auditors, were passed with the requisite majority. The company also confirmed the payment of interim dividends for the financial year 2025-26.
Recent market and company developments associated with Balkrishna Industries.
Ceat aims to target customers who purchase tyres across categories and cross-sell its and Camso's products, enabling the brands to generate more revenue from the same customer.
The Mumbai EOW has arrested 45-year-old Sarfaraz Shah from Vadodara in an alleged Rs 16 crore share fraud involving 54,000 bonus shares. Police allege he helped a woman impersonate a shareholder and arrange forged documents used to create fraudulent bank and demat accounts. The EOW is tracing the money trail and other alleged accomplices.
As per Nuvama Alternative and Quantitative Research, as a result of Eternal's weightage being increased in the MSCI Standard Index, it could result in potential inflows of $674 million for 205 million shares.
Stock market today: The market is likely to remain under pressure as the Gift Nifty index signalled a negative opening. Gift Nifty was trading near the 24,187.50 mark, down over 42.60 points from the previous close of Nifty futures.
From Exide Industries investing ₹200 crore in its wholly owned subsidiary to BPCL's plan to raise up to ₹5,000 crore through Non-Convertible Debentures; these are stocks to track ahead of Wednesday's trading session.
Indian stocks slid further, driven down by weak financial participation and high crude oil prices. The Nifty decreased by 0.34% and Sensex by 0.13%, with key sectors like metals and cement seeing significant losses amid ongoing geopolitical tensions.
Balkrishna Industries, Motilal Oswal, Recommendations, Neutral
Indian equities closed the last trading day of July with modest gains, driven by financial and auto stocks. The Nifty 50 rose 0.20% to 24,336, while Sensex advanced 0.21% to 78,091, reflecting positive market trends despite concerns over crude oil prices.
Comprehensive Section Breakdown for Balkrishna Industries
Strategic Vision: Manufactures Off-Highway Tires for diverse global applications.
Category: Manufacturing
Specializes in the production of Off-Highway Tires (OHT) for a diverse range of applications including agriculture, construction, earthmoving, port, mining, ATV, and turf care. Offers tires in both cross-ply and radial constructions.
• Specialization in Off-Highway Tires for diverse applications.
• Global distribution network reaching multiple continents.
• Manufacturing facilities located across key regions in India.
Balkrishna Industries Limited reported its highest quarterly revenue in the five-quarter series for Q1 FY2026-27 (quarter ended 30 June 2026), driven by a 17.8% sequential increase and a 25.2% year-on-year rise. Expenses grew at a slower pace than revenue, which expanded the pre-tax profit margin. Net profit reached ₹451 crore, marking a substantial increase from the prior quarter and the year-ago period. Total comprehensive income also set a new high for the series, supported by a large other comprehensive income component.
Revenue from operations for the quarter stood at ₹3,455.27 crore, the highest figure recorded across the five available quarters. This represents a sequential increase of ₹522.45 crore (17.8%) compared to the preceding quarter, and a year-on-year increase of ₹695.25 crore (25.2%) compared to the same quarter last year. The sequential growth rate accelerated from the 7.2% rise observed in the previous quarter, extending the upward revenue trend that resumed in the third quarter of the prior fiscal year.
Total expenses for the quarter amounted to ₹2,953.89 crore, rising 16.9% sequentially and 19.5% year-on-year. Both sequential and year-on-year expense growth rates lagged the corresponding revenue growth rates, contributing to improved operating profitability.
Key expense components for the quarter include:
Profit before exceptional items and tax reached ₹601.05 crore, up 49.9% sequentially and 52.4% year-on-year. The pre-tax profit margin expanded to 17.4% of revenue, compared with 13.7% in the preceding quarter and 14.3% in the year-ago quarter.
Tax expense for the period was ₹150.28 crore, comprising current tax of ₹130.95 crore and deferred tax of ₹19.33 crore. The deferred tax component shifted from a credit of ₹8.01 crore in the prior quarter to a charge this quarter. The effective tax rate was 25.0%, a slight decrease from the 25.3% rate recorded in the preceding quarter.
Net profit for the period was ₹450.77 crore, up 50.5% sequentially and 56.4% year-on-year. This figure matches profit from continuing operations, indicating no discontinued operations affected the quarter's results.
Balkrishna Industries Ltd. (BKT) reported a strong start to FY27 with standalone revenue from operations of ₹3,444.7 crore, a sequential increase of 17% from ₹2,941.15 crore in Q4 FY26. Operating margin expanded to 15.09%, driven by improved operational efficiencies. Net profit on a standalone basis rose to ₹432.10 crore, compared to ₹295.09 crore in the preceding quarter. The Board approved a first interim dividend of ₹4 per share (200%), with a total cash outflow of ₹77.32 crore. Management confirmed that previously announced capital expenditure plans remain on track and within the approved budget, signaling continued capacity expansion. The company's debt-equity ratio stood at a comfortable 0.41 times on a consolidated basis, reflecting a strong balance sheet.
Core Thesis: The company's core business involves manufacturing tires for various specialty segments, serving both OEMs and the replacement market.
• Product Specialization: Focuses on manufacturing tires for specific niche segments like agriculture, construction, earthmoving, port, mining, ATV, and turf care. • Manufacturing Footprint: Operates manufacturing plants across India in Maharashtra, Rajasthan, and Gujarat. • Global Distribution: Distributes products worldwide through a network of third-party distributors, reaching Europe, North America, and Asia-Pacific.