Balkrishna Industries logo

Balkrishna Industries share price

NSE: BALKRISINDBSE: 502355Auto ComponentsMid Cap

Balkrishna Industries Limited · Face value ₹2 · Listed Feb 1963 on BSE, Jan 2006 on NSE
Last close ₹2,144.30up ₹34.90 (1.65%)BSE ₹2,133.75

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

52-week range of traded prices to 27 Oct 2026
₹1,964.70Low, 13 Oct 2026₹2,775.00High, 10 Feb 2026
Market cap
₹41,453 Cr210th largest listed
P/E
29.49
P/B
3.78
Dividend yield
0.75%
ROE
13.2%
ROCE
11.6%
Debt to equity
0.37
Volume, NSE
3,09,25362.9% delivered

Balkrishna Industries share price chart

Daily closes since Jan 2007, adjusted for splits and bonuses

−7.9%over a year · Nifty Midcap 150 −4.8% · Nifty 500 −8.8%

ResultsDividend20-session average 2,38,122 shares a day, 59.2% 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

  • Exports were over 65% of revenue in the year to Mar 2026, on a standalone basis.26
  • India's share of the company's sales volumes increased to 40% in the quarter to Jun 2026.27

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. 1. Annual report, 6 Jul 2026, page 26
  2. 2. Annual report, 6 Jul 2026, page 42
  3. 3. Annual report, 6 Jul 2026, page 136
  4. 4. Annual report, 6 Jul 2026, page 103
  5. 5. Annual report, 6 Jul 2026, page 46
  6. 6. Annual report, 6 Jul 2026, page 136
  7. 7. Annual report, 6 Jul 2026, page 28
  8. 8. Investor presentation, 29 Jul 2026, page 24
  9. 9. Annual report, 6 Jul 2026, page 30
  10. 10. Annual report, 6 Jul 2026, page 109
  11. 11. Annual report, 6 Jul 2026, page 130
  12. 12. Annual report, 6 Jul 2026, page 1
  13. 13. Annual report, 6 Jul 2026, page 33
  14. 14. Annual report, 6 Jul 2026, page 34
  15. 15. Investor presentation, 29 Jul 2026, page 26
  16. 16. Annual report, 6 Jul 2026, page 93
  17. 17. Investor presentation, 29 Jul 2026, page 6
  18. 18. Earnings call, 30 Jul 2026, page 6
  19. 19. Earnings call, 30 Jul 2026, page 6
  20. 20. Investor presentation, 29 Jul 2026, page 5
  21. 21. Annual report, 6 Jul 2026, page 101
  22. 22. Earnings call, 30 Jul 2026, page 6
  23. 23. Annual report, 6 Jul 2026, page 28
  24. 24. Earnings call, 30 Jul 2026, page 6
  25. 25. Annual report, 6 Jul 2026, page 26
  26. 26. Annual report, 6 Jul 2026, page 93
  27. 27. Earnings call, 30 Jul 2026, page 6
  28. 28. Investor presentation, 29 Jul 2026, page 22
  29. 29. Annual report, 6 Jul 2026, page 105
  30. 30. Earnings call, 30 Jul 2026, page 4
  31. 31. Annual report, 6 Jul 2026, page 42
  32. 32. Annual report, 6 Jul 2026, page 27
  33. 33. Investor presentation, 29 Jul 2026, page 17
  34. 34. Earnings call, 30 Jul 2026, page 12
  35. 35. Annual report, 6 Jul 2026, page 101
  36. 36. Earnings call, 30 Jul 2026, page 9
  37. 37. Investor presentation, 29 Jul 2026, page 13
  38. 38. Investor presentation, 29 Jul 2026, page 11
  39. 39. Investor presentation, 29 Jul 2026, page 20
  40. 40. Annual report, 6 Jul 2026, page 94
  41. 41. Exchange filing, 23 Sep 2026, page 1
  42. 42. Exchange filing, 25 Aug 2026, page 1
  43. 43. Annual report, 6 Jul 2026, page 130
  44. 44. Annual report, 6 Jul 2026, page 130

Results

Consolidated; ₹ crore.Balkrishna Industries quarterly results

Revenue growth, 12 months
+9.8%
Net profit growth, 12 months
−3.3%

Quarter to Jun 2026, against the quarter before

Revenue
₹3,455 Crup 17.81%
Net profit
₹451 Crup 50.53%
Net margin
13.0%

Revenue by quarter

₹2,420 CrSep 24₹2,560 CrDec 24₹2,752 CrMar 25₹2,760 CrJun 25₹2,393 CrSep 25₹2,737 CrDec 25₹2,933 CrMar 26₹3,455 CrJun 26
Peak revenue ₹3,455 Cr, quarter to Jun 2026; lowest ₹2,393 Cr, quarter to Sep 2025

Net profit by quarter, a loss in red

₹347 CrSep 24₹449 CrDec 24₹369 CrMar 25₹288 CrJun 25₹273 CrSep 25₹382 CrDec 25₹299 CrMar 26₹451 CrJun 26
₹ croreSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue2,4202,5602,7522,7602,3932,7372,9333,455
Net profit347449369288273382299451
Net margin14.3%17.6%13.4%10.4%11.4%14.0%10.2%13.0%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

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

Price to earnings

At or below today's level on 46% of 2,478 trading days over the last 10 years.

LowestHighest
Its median30.20Industry median20.73
Price to book

At or below today's level on 14% of 1,976 trading days since Nov 2018.

LowestHighest
Its median5.35Industry median1.92
Dividend yield

At or below today's level on 59% of 2,478 trading days over the last 10 years.

LowestHighest
Its median0.71%Industry median1.44%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend 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%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.Balkrishna Industries shareholding pattern

Shareholding by group

  • Promoters58.29%
  • Foreign institutions9.07%
  • Indian institutions25.46%
  • Individuals and others7.18%
Holder
RAJIV PODDARPromoter27.71%
VKP ENTERPRISES LLPPromoter24.95%
LIFE INSURANCE CORPORATION OF INDIA - ULIF00420091Insurance companies4.17%
KHUSHBOO RAJIV PODDARPromoter3.93%
GOVERNMENT PENSION FUND GLOBALForeign portfolio investors, category I1.51%
RISHABH SURESHKUMAR PODDARPromoter1.44%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters unchanged, foreign institutions −1.25 pts, Indian institutions +0.85 pts, mutual funds +1.86 pts.

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 time
3
Bought again
1
Added
49
Cut
36
Held unchanged
41
Sold out
2
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

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
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

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

Return on equity across, P/E up, size is market cap
Company
MRF logoMRFMRF50,05820.732.39+11.4%+34.3%12.2%13.1%0.20%
Apollo Tyres logoApollo TyresAPOLLOTYRE24,34314.251.46+11.2%+105.3%10.9%13.4%1.57%
CEAT logoCEATCEATLTD12,72624.682.57+24.5%+4.2%10.8%13.9%1.11%
JK Tyre & Industries logoJK Tyre & IndustriesJKTYRE8,75417.691.44+12.5%−7.6%8.8%10.0%1.32%
TVS Srichakra logoTVS SrichakraTVSSRICHAK3,14534.052.64+18.6%+244.5%7.8%8.5%0.92%
Goodyear India logoGoodyear IndiaGOODYEAR1,54228.612.54+0.8%+21.9%8.9%11.8%3.96%
Megamont logoMegamontMEGAMONT565–16.72––−0.8%0.6%0.00%
Tolins Tyres logoTolins TyresTOLINS32610.000.90+3.5%−16.6%9.5%10.5%0.00%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

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

5.5Mar 188Mar 1920Mar 2017Mar 2128Mar 2216Mar 2316Mar 2416Mar 2516Mar 264Mar 27so far
Highest ₹28.00 a share, year to Mar 2022.
Ex-dateTypePer share
4 Aug 2026Interim₹4.00
17 Jul 2026Final₹4.00
2 Feb 2026Interim₹4.00
7 Nov 2025Interim₹4.00
31 Jul 2025Interim₹4.00
11 Jul 2025Final₹4.00
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Balkrishna Industries announcements

Balkrishna Industries share price by year

Each calendar year to 2025.Balkrishna Industries share price history

YearClose at year endChangeHighest closeLowest close
20252,319.70−20.3%2,891.802,211.90
20242,910.10+13.3%3,345.852,228.95
20232,568.55+20.5%2,653.951,936.55
20222,131.25−8.3%2,514.251,757.70
20212,323.40+41.1%2,692.201,538.55
20201,646.30+66.2%1,676.90701.15
2019990.55+7.2%1,003.35693.25
2018923.90−22.6%1,425.00880.65
20171,194.15+116.6%1,254.50539.75
2016551.25+70.3%615.15276.63
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 9 trading days to 26 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
26 Oct 20262,114.802,129.002,082.402,109.402,103.381,22,10955.2%
23 Oct 20262,129.002,130.002,054.202,109.802,098.748,69,39572.0%
22 Oct 20262,039.602,130.902,010.102,110.202,102.847,41,97152.8%
21 Oct 20262,088.002,088.002,021.902,039.602,040.431,98,51757.9%
19 Oct 20262,067.502,080.102,033.002,071.202,067.111,87,14358.6%
16 Oct 20262,044.502,074.102,030.102,052.802,056.1698,50261.8%
15 Oct 20262,000.602,074.001,988.602,052.302,042.563,66,51358.8%
14 Oct 20262,008.302,011.701,980.002,000.601,999.061,30,33864.0%
13 Oct 20261,996.802,013.801,964.702,006.201,995.281,14,77452.7%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Bonus shares and stock split history

Ex-dateEventPrice factorWhat happened
21 Dec 2017Bonus0.5000Holders received 1 bonus share for every 1 held.
20 Dec 2010Split0.2000Each share became 5.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.

Company details

Chairperson
Arvind Poddar
At the end of the quarter to Jun 2026
NSE symbol
BALKRISIND
BSE code
502355
ISIN
INE787D01026
Industry
Auto Components
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