Balkrishna Industries

BALKRISIND

NSE

BSE

SectorAutomobiles

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Company insights, generated from the most recent coverage.

$169 million outflow as stock moves to MSCI Smallcap Index, reducing institutional ownership base.
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Exclusion from Standard Index likely widens bid-ask spreads and increases market impact costs.
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Progressive leverage build-up strategy with AA+ ratings enables cost-effective debt access while maintaining substantial cash buffer (~₹3,000 crore) alongside net debt of ₹1,725 crore.
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The Quarter story

The two most recent quarterly results, compared side-by-side.

Balkrishna Industries drives strong revenue and profit growth in Q1 FY27, though margin compression and tight cash reserves require attention.

Revenue grows from ₹2,320 Cr in Q2 FY26 to ₹3,409 Cr in Q1 FY27, showing strong top-line momentum.

Cash reserves fall from ₹3,498 Cr in Q1 FY26 to ₹27 Cr in Q4 FY26, signaling tight liquidity.

Sales volume expands from 70,252 MT in Q2 FY26 to 93,770 MT in Q1 FY27, indicating rising demand.

EBITDA margin slips from 23.8% in Q1 FY26 to 20.6% in Q1 FY27, showing margin compression.

Net profit climbs from ₹265 Cr in Q2 FY26 to ₹432 Cr in Q1 FY27, reflecting robust bottom-line recovery.

Raw material costs rise from ₹1,145 Cr in Q2 FY26 to ₹1,935 Cr in Q1 FY27, pressuring input expenses.

EBITDA recovers from ₹500 Cr in Q2 FY26 to ₹703 Cr in Q1 FY27, demonstrating strong operational leverage.

Stock levels shift from +₹53 Cr in Q1 FY26 to -₹200 Cr in Q1 FY27, reflecting aggressive inventory drawdown.

About the company

Balkrishna Industries Limited (BKT) is an India-based company headquartered in Mumbai that manufactures and sells Off-Highway Tyres (OHT) for specialist segments including Agricultural, Industrial, Construction, Earthmovers, Port, Mining, Forestry, Lawn & Garden, and All-Terrain Vehicles. The company operates five production sites in India and has subsidiaries in Europe and North America. BKT sells its products in 130 countries through a network of national distributors. The company has expanded its production capacity over the years, including the establishment of a Carbon Black project and the completion of a new plant in Waluj. BKT's product range covers various applications such as tractors, harvesters, forklifts, excavators, and dump trucks.

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