Balkrishna Industries share price
NSE: BALKRISINDBSE: 502355Auto ComponentsMid Cap
Share price at the NSE close on 27 Oct 2026. Previous close ₹2,109.40.
27 Oct: open ₹2,121.00, high ₹2,169.00, low ₹2,084.00
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹41,453 Cr210th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 29.49
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 3.78
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.75%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 13.2%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 11.6%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.37
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 3,09,25362.9% delivered
About Balkrishna Industries
Balkrishna Industries Limited, known by its BKT brand, makes off-highway tyres: specialised tyres for farm, construction, mining, industrial and port machinery.12 It sells them to equipment makers and to farmers, contractors and miners replacing worn tyres, in India and abroad.3 It also makes carbon black, a material that strengthens rubber, for its own tyres and for other tyre makers, and has entered India's market for road tyres.45
The business runs as 2 pillars: BKT Tyres, covering all its tyres, and BKT Carbon, its carbon black and speciality materials business.2 Tyres made up 90.07% of the company's own (standalone) turnover in the year to Mar 2026, across more than 3,600 product variants (SKUs).67 Its tyre plants are at Bhuj in Gujarat, Bhiwadi and Chopanki in Rajasthan, and Waluj in Maharashtra, which has 2 units; it also makes rubber tracks and carbon black at Bhuj, moulds at Bhuj and Dombivli, and runs a wind farm at Jaisalmer.89 It has 5 wholly owned subsidiaries abroad: BKT EUROPE S.R.L., BKT USA INC, BKT TIRES (CANADA) INC., BKT TIRES INC and BKT NETHERLANDS B.V., formed on 28 May 2025.1011
It was incorporated in 1961.12 Its first plant, at Aurangabad, was inaugurated in 1987 by its founder chairman, the late Mahabirprasad Poddar; it began making off-highway tyres in 1995 and started building its Bhuj plant in 2015.1314 Arvind Poddar is Chairman and Managing Director, and Rajiv Poddar is Joint Managing Director.15
Balkrishna Industries key points
Results
- In the year to Mar 2026, consolidated (the company with its subsidiaries) revenue from operations was ₹10,823.08 crore, against ₹10,446.95 crore a year earlier. EBITDA fell to ₹2,552.26 crore from ₹2,996.39 crore, and net profit to ₹1,243.10 crore from ₹1,654.96 crore.16
- In the quarter to Jun 2026, standalone (the company alone) revenue was ₹3,409 crore, up 24% on a year earlier; EBITDA (earnings before interest, tax, depreciation and amortisation) was ₹703 crore, up 7%, a 20.61% margin, and net profit ₹432 crore, up 50%.1718
- Off-highway tyre sales reached 93,770 tonnes in the quarter to Jun 2026, up 16% and the highest for any quarter, after 3,17,356 tonnes in the year to Mar 2026.192021
- At 30 Jun 2026, gross debt was about ₹4,690 crore and cash about ₹2,965 crore, a net debt (debt less cash) of about ₹1,725 crore.22
Market position
- The company puts its global off-highway tyre market share at over 5% in the year to Mar 2026, and on its call of 30 Jul 2026 at close to 18% to 19% in India and 3% to 4% in the US.2324
- It says it is the only Indian tyre maker producing all-steel radial mining tyres (tyres built on steel cords throughout), now up to 57 inches, with 63-inch tyres in advanced development.25
Where revenue comes from
Plants and capacity
- Tyre capacity is an achievable output of 3,60,000 metric tonnes a year (MTPA). About 70% of exports are made at the Bhuj plant, about 95 kilometres from Mundra Port.2829
- Carbon black capacity is 3,60,000 MTPA, including 30,000 MTPA of advanced carbon material; sales of carbon black to other companies were about 10% of the business in the quarter to Jun 2026.2830
On-highway tyres
- In the year to Mar 2026, the company launched two-wheeler tyres, BKT ZENOVA and BKT THYROS, and a commercial vehicle radial range (radial tyres have cords running straight across the tyre), including BKT m.Loadxpert and BKT Milexpert RG.31
- Supplies of truck and bus radial tyres began in April 2026; the annual report for the year to Mar 2026 lists a phase 1 capacity of 800 tyres a day for the commercial vehicle radial line.2032
- In its presentation of 29 Jul 2026, the company said a pilot of passenger car radial tyres was to follow in the quarter to Dec 2026.33
- On its earnings call of 30 Jul 2026, the company said it expects on-highway tyre revenue of ₹5,000 crore by 2030.34
Expansion and capital spending
- The company stated in its annual report for the year to Mar 2026 that its ₹6,800 crore capital spending (capex) plan is to be spent through the year to Mar 2029; it spent ₹2,984 crore in the year to Mar 2026.3135
- On its earnings call of 30 Jul 2026, the company said about ₹3,800 crore of the plan had been spent and it expects to spend ₹1,500 crore to ₹2,000 crore more in the year to Mar 2027.36
- In its presentation of 29 Jul 2026, the company said an ongoing 35,000 MTPA expansion and debottlenecking (removing the steps that limit output) would raise off-highway tyre capacity to 4,25,000 MTPA, which it links to reaching 8% of the global market.37
What the company expects
- In its presentation of 29 Jul 2026, the company said it targets revenue of about ₹23,000 crore by the year to Mar 2030: about 70% from off-highway tyres, 20% from on-highway tyres and 10% from carbon black sold to others.38
- In its presentation of 29 Jul 2026, the company said it expects blended EBITDA margins of 23% to 25% once its new businesses are fully commercialised (fully on sale).39
- The company stated in its annual report for the year to Mar 2026 that it plans a 40% expansion of BKT Carbon's capacity over the next 5 years.40
Recent events
- On 22 Sep 2026, Crisil Ratings assigned a credit rating (an agency's view of how likely a borrower is to repay) of Crisil A1+ to the company's proposed ₹500 crore commercial paper (short-term borrowing sold to investors).41
- On 25 Aug 2026, ICRA rated the company's proposed ₹550 crore of non-convertible debentures (bonds that cannot be turned into shares) AA+ with a stable outlook.42
- On 23 Mar 2026, the company allotted ₹750 crore of unsecured non-convertible debentures by private placement (a sale to selected investors, not the public).43
- The merger of its wholly owned subsidiary BKT Tyres Limited into the company took effect on 31 Jul 2025.44
Last updated
All 44 sources, each with its page
- 1. Annual report, 6 Jul 2026, page 26
- 2. Annual report, 6 Jul 2026, page 42
- 3. Annual report, 6 Jul 2026, page 136
- 4. Annual report, 6 Jul 2026, page 103
- 5. Annual report, 6 Jul 2026, page 46
- 6. Annual report, 6 Jul 2026, page 136
- 7. Annual report, 6 Jul 2026, page 28
- 8. Investor presentation, 29 Jul 2026, page 24
- 9. Annual report, 6 Jul 2026, page 30
- 10. Annual report, 6 Jul 2026, page 109
- 11. Annual report, 6 Jul 2026, page 130
- 12. Annual report, 6 Jul 2026, page 1
- 13. Annual report, 6 Jul 2026, page 33
- 14. Annual report, 6 Jul 2026, page 34
- 15. Investor presentation, 29 Jul 2026, page 26
- 16. Annual report, 6 Jul 2026, page 93
- 17. Investor presentation, 29 Jul 2026, page 6
- 18. Earnings call, 30 Jul 2026, page 6
- 19. Earnings call, 30 Jul 2026, page 6
- 20. Investor presentation, 29 Jul 2026, page 5
- 21. Annual report, 6 Jul 2026, page 101
- 22. Earnings call, 30 Jul 2026, page 6
- 23. Annual report, 6 Jul 2026, page 28
- 24. Earnings call, 30 Jul 2026, page 6
- 25. Annual report, 6 Jul 2026, page 26
- 26. Annual report, 6 Jul 2026, page 93
- 27. Earnings call, 30 Jul 2026, page 6
- 28. Investor presentation, 29 Jul 2026, page 22
- 29. Annual report, 6 Jul 2026, page 105
- 30. Earnings call, 30 Jul 2026, page 4
- 31. Annual report, 6 Jul 2026, page 42
- 32. Annual report, 6 Jul 2026, page 27
- 33. Investor presentation, 29 Jul 2026, page 17
- 34. Earnings call, 30 Jul 2026, page 12
- 35. Annual report, 6 Jul 2026, page 101
- 36. Earnings call, 30 Jul 2026, page 9
- 37. Investor presentation, 29 Jul 2026, page 13
- 38. Investor presentation, 29 Jul 2026, page 11
- 39. Investor presentation, 29 Jul 2026, page 20
- 40. Annual report, 6 Jul 2026, page 94
- 41. Exchange filing, 23 Sep 2026, page 1
- 42. Exchange filing, 25 Aug 2026, page 1
- 43. Annual report, 6 Jul 2026, page 130
- 44. Annual report, 6 Jul 2026, page 130
Results
Consolidated; ₹ crore.Balkrishna Industries quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +9.8%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- −3.3%
Quarter to Jun 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹3,455 Crup 17.81%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹451 Crup 50.53%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 13.0%
Revenue by quarter
Net profit by quarter, a loss in red
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,420 | 2,560 | 2,752 | 2,760 | 2,393 | 2,737 | 2,933 | 3,455 |
| Net profit | 347 | 449 | 369 | 288 | 273 | 382 | 299 | 451 |
| Net margin | 14.3% | 17.6% | 13.4% | 10.4% | 11.4% | 14.0% | 10.2% | 13.0% |
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹10,823 Crup 3.60%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹1,243 Crdown 24.89%
- Net margin
- 11.5%
Revenue by year
Net profit by year, a loss in red
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3,784 | 4,461 | 5,210 | 4,811 | 5,783 | 8,295 | 9,760 | 9,369 | 10,447 | 10,823 |
| Net profit | 717 | 736 | 774 | 960 | 1,178 | 1,435 | 1,057 | 1,471 | 1,655 | 1,243 |
| Net margin | 18.9% | 16.5% | 14.8% | 19.9% | 20.4% | 17.3% | 10.8% | 15.7% | 15.8% | 11.5% |
Business segments
In the year to Mar 2026 the company reports one business segment, Manufacturing of Pneumatic Tyres, which carries all its revenue.
Valuation
Today, against the company's own history.Balkrishna Industries PE ratio and valuation
At or below today's level on 46% of 2,478 trading days over the last 10 years.
At or below today's level on 14% of 1,976 trading days since Nov 2018.
At or below today's level on 59% of 2,478 trading days over the last 10 years.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −17.7% | −24.9% | +8.6% | 0.8% |
| 3 years | +2.9% | +5.5% | −3.2% | 0.7% |
| 5 years | +5.1% | +1.1% | +3.2% | 0.8% |
Mutual fund holdings
132 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 69 of the 85 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 2 more funds filed their first portfolio on record, holding it.All 132 funds holding Balkrishna Industries
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 3
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 1
- AddedAdded. Funds that held more shares than at the end of the month before.
- 49
- CutCut. Funds that held fewer shares than at the end of the month before.
- 36
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 41
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 2
| Fund | |||
|---|---|---|---|
| 1,43,41,251 | 2.98% | ₹3,036.0 Cr | |
| 47,00,000 | 2.46% | ₹995.0 Cr | |
| 23,41,210 | 0.92% | ₹495.6 Cr | |
| 19,50,000 | 0.82% | ₹412.8 Cr | |
| 17,00,000 | 0.68% | ₹359.9 Cr | |
| 13,94,902 | 0.93% | ₹295.3 Cr | |
| 11,25,000 | 1.96% | ₹238.2 Cr | |
| 11,24,905 | 0.83% | ₹238.1 Cr | |
| 9,85,764 | 1.07% | ₹208.7 Cr | |
| 6,50,000 | 0.65% | ₹137.6 Cr |
Promoter and insider buying and selling
Trades made since 28 Oct 2025.Balkrishna Industries insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Others: no market trade
Balkrishna Industries competitors and peers
Tyres & Rubber Products, 20 listed companies, priced on 27 Oct 2026. The table lists the 8 companies closest to Balkrishna Industries in market cap.Automobile companies
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| 50,058 | 20.73 | 2.39 | +11.4% | +34.3% | 12.2% | 13.1% | 0.20% | |
| 24,343 | 14.25 | 1.46 | +11.2% | +105.3% | 10.9% | 13.4% | 1.57% | |
| 12,726 | 24.68 | 2.57 | +24.5% | +4.2% | 10.8% | 13.9% | 1.11% | |
| 8,754 | 17.69 | 1.44 | +12.5% | −7.6% | 8.8% | 10.0% | 1.32% | |
| 3,145 | 34.05 | 2.64 | +18.6% | +244.5% | 7.8% | 8.5% | 0.92% | |
| 1,542 | 28.61 | 2.54 | +0.8% | +21.9% | 8.9% | 11.8% | 3.96% | |
| 565 | – | 16.72 | – | – | −0.8% | 0.6% | 0.00% | |
| 326 | 10.00 | 0.90 | +3.5% | −16.6% | 9.5% | 10.5% | 0.00% |
Dividends
Per share, by the year it was paid for, and the latest payments.Balkrishna Industries dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossary| Ex-date | Type | Per share |
|---|---|---|
| 4 Aug 2026 | Interim | ₹4.00 |
| 17 Jul 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹4.00 |
| 2 Feb 2026 | Interim | ₹4.00 |
| 7 Nov 2025 | Interim | ₹4.00 |
| 31 Jul 2025 | Interim | ₹4.00 |
| 11 Jul 2025 | Final | ₹4.00 |
Latest announcements
Routine notices left out.Balkrishna Industries announcements
Oct 2026
22 Oct · Analysts
File name: “Audio_Recording_22102026_signed”
22 Oct · Analysts
22 Oct · Board meeting
Sep 2026
23 Sep · Rating
Balkrishna Industries share price by year
Each calendar year to 2025.Balkrishna Industries share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 2,319.70 | −20.3% | 2,891.80 | 2,211.90 |
| 2024 | 2,910.10 | +13.3% | 3,345.85 | 2,228.95 |
| 2023 | 2,568.55 | +20.5% | 2,653.95 | 1,936.55 |
| 2022 | 2,131.25 | −8.3% | 2,514.25 | 1,757.70 |
| 2021 | 2,323.40 | +41.1% | 2,692.20 | 1,538.55 |
| 2020 | 1,646.30 | +66.2% | 1,676.90 | 701.15 |
| 2019 | 990.55 | +7.2% | 1,003.35 | 693.25 |
| 2018 | 923.90 | −22.6% | 1,425.00 | 880.65 |
| 2017 | 1,194.15 | +116.6% | 1,254.50 | 539.75 |
| 2016 | 551.25 | +70.3% | 615.15 | 276.63 |
Recent sessions
The 9 trading days to 26 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 26 Oct 2026 | 2,114.80 | 2,129.00 | 2,082.40 | 2,109.40 | 2,103.38 | 1,22,109 | 55.2% |
| 23 Oct 2026 | 2,129.00 | 2,130.00 | 2,054.20 | 2,109.80 | 2,098.74 | 8,69,395 | 72.0% |
| 22 Oct 2026 | 2,039.60 | 2,130.90 | 2,010.10 | 2,110.20 | 2,102.84 | 7,41,971 | 52.8% |
| 21 Oct 2026 | 2,088.00 | 2,088.00 | 2,021.90 | 2,039.60 | 2,040.43 | 1,98,517 | 57.9% |
| 19 Oct 2026 | 2,067.50 | 2,080.10 | 2,033.00 | 2,071.20 | 2,067.11 | 1,87,143 | 58.6% |
| 16 Oct 2026 | 2,044.50 | 2,074.10 | 2,030.10 | 2,052.80 | 2,056.16 | 98,502 | 61.8% |
| 15 Oct 2026 | 2,000.60 | 2,074.00 | 1,988.60 | 2,052.30 | 2,042.56 | 3,66,513 | 58.8% |
| 14 Oct 2026 | 2,008.30 | 2,011.70 | 1,980.00 | 2,000.60 | 1,999.06 | 1,30,338 | 64.0% |
| 13 Oct 2026 | 1,996.80 | 2,013.80 | 1,964.70 | 2,006.20 | 1,995.28 | 1,14,774 | 52.7% |
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Bonus shares and stock split history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 21 Dec 2017 | Bonus | 0.5000 | Holders received 1 bonus share for every 1 held. |
| 20 Dec 2010 | Split | 0.2000 | Each share became 5. |
Company details
- NSE symbol
- BALKRISIND
- BSE code
- 502355
- ISIN
- INE787D01026
- Industry
- Auto Components
- Website
- www.bkt-tires.com
- CIN
- L99999MH1961PLC012185
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1961
- Registered office
- B-66, Waluj Industrial Area, Waluj, Aurangabad 431136, Maharashtra
- Share registrar
- KFin Technologies Ltd
- Keeps the register of shareholders and handles transfers and dividend payments