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Balkrishna Industries share price today

Balkrishna Industries Ltd · NSE: BALKRISIND · Tyres & Tubes · price as of the 6 November 2026 close, updated every trading day · results updated weekly · research updated 30 July 2026

Balkrishna Industries share price today: ₹2,410.00 at the NSE close on 6 November 2026, up 3.8% in a year. Balkrishna Industries (NSE: BALKRISIND) is worth ₹46,581 crore, trades at a P/E of 33.1 and has closed between ₹2,010.40 and ₹2,704.80 over the past 52 weeks. Latest change: profit grew again in the June 2026 quarter.

MixedBusiness trend from the last 12 quarters
₹2,410.00Price +3.8% in a year
33.1×P/E higher than 66% of the last 11 years
₹3,455 CrRevenue (Jun 2026) +25.2% on a year ago
₹451 CrProfit (Jun 2026) +56.6% on a year ago
22.0%Operating margin +4.0 points on a year ago
11%ROCE FY26
10.6%ROIC against a 12.0% cost of capital: −1.4 points

Balkrishna Industries Ltd's share price has risen faster than its earnings: +3.8% in a year, against −24.9% for earnings per share.

The main question: the share price moved +3.8% in a year while yearly earnings per share moved −24.9%. The difference came from the market paying a higher multiple.

The price has been falling for 3 weeks, and the P/E is higher than 66% of its own last 11 years. Over the last four quarters, results have been improving, with profit +56.6% on a year earlier, and 140% of the last 3 years' profit came in as cash. What will decide it: whether earnings grow into a price that has already moved.

What is the Balkrishna Industries share price today?

Balkrishna Industries Ltd's share price was ₹2,410.00 at the close on 6 November 2026. It has been falling for 3 weeks. That is 7.4% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹2,010 and ₹2,705, and at that close it sat 58% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Balkrishna Industries Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 1 week in a row.

1Y

Nov 2026: ₹2,410, 7.4% above its 200-day average. The price has been falling for 3 weeks.

  • Price ₹2,410
  • 50-day avg ₹2,144
  • 200-day avg ₹2,245
Nov 2026: ₹2,410, 7.4% above its 200-day average. The price has been falling for 3 weeks.
WeekPrice50-day avg200-day avg
31 Oct 2025₹2,280₹2,358₹2,516
7 Nov 2025₹2,322₹2,354₹2,509
14 Nov 2025₹2,330₹2,352₹2,500
21 Nov 2025₹2,320₹2,346₹2,492
28 Nov 2025₹2,309₹2,337₹2,482
5 Dec 2025₹2,383₹2,347₹2,478
12 Dec 2025₹2,349₹2,344₹2,471
19 Dec 2025₹2,365₹2,350₹2,466
26 Dec 2025₹2,293₹2,344₹2,460
2 Jan 2026₹2,369₹2,341₹2,453
9 Jan 2026₹2,360₹2,348₹2,450
16 Jan 2026₹2,447₹2,359₹2,449
23 Jan 2026₹2,408₹2,370₹2,447
1 Feb 2026₹2,298₹2,368₹2,443
6 Feb 2026₹2,705₹2,408₹2,450
13 Feb 2026₹2,612₹2,455₹2,460
20 Feb 2026₹2,495₹2,470₹2,464
27 Feb 2026₹2,384₹2,471₹2,465
6 Mar 2026₹2,250₹2,442₹2,458
13 Mar 2026₹2,226₹2,404₹2,447
20 Mar 2026₹2,105₹2,357₹2,432
27 Mar 2026₹2,151₹2,321₹2,419
2 Apr 2026₹2,067₹2,295₹2,410
10 Apr 2026₹2,269₹2,277₹2,399
17 Apr 2026₹2,330₹2,282₹2,396
24 Apr 2026₹2,225₹2,281₹2,390
30 Apr 2026₹2,161₹2,268₹2,382
8 May 2026₹2,263₹2,261₹2,375
15 May 2026₹2,148₹2,240₹2,363
22 May 2026₹2,208₹2,226₹2,354
29 May 2026₹2,206₹2,223₹2,348
4 Jun 2026₹2,192₹2,217₹2,341
5 Jun 2026₹2,142₹2,214₹2,339
10 Jun 2026₹2,083₹2,201₹2,332
12 Jun 2026₹2,013₹2,185₹2,326
17 Jun 2026₹2,256₹2,190₹2,323
19 Jun 2026₹2,244₹2,194₹2,321
24 Jun 2026₹2,224₹2,198₹2,318
25 Jun 2026₹2,234₹2,199₹2,317
1 Jul 2026₹2,169₹2,196₹2,313
3 Jul 2026₹2,220₹2,199₹2,311
10 Jul 2026₹2,253₹2,202₹2,307
17 Jul 2026₹2,065₹2,191₹2,299
24 Jul 2026₹2,014₹2,161₹2,286
31 Jul 2026₹2,474₹2,166₹2,281
7 Aug 2026₹2,466₹2,224₹2,290
14 Aug 2026₹2,364₹2,266₹2,299
21 Aug 2026₹2,351₹2,286₹2,302
28 Aug 2026₹2,340₹2,297₹2,305
4 Sep 2026₹2,285₹2,299₹2,305
11 Sep 2026₹2,165₹2,284₹2,300
18 Sep 2026₹2,268₹2,268₹2,295
25 Sep 2026₹2,183₹2,255₹2,290
1 Oct 2026₹2,082₹2,235₹2,284
9 Oct 2026₹2,010₹2,198₹2,271
16 Oct 2026₹2,053₹2,166₹2,259
23 Oct 2026₹2,110₹2,154₹2,252
30 Oct 2026₹2,072₹2,144₹2,245
6 Nov 2026₹2,410₹2,144₹2,245
Weekly closing price (₹) with its 50-day and 200-day averages. The strip under the chart shows the phase: tan sideways, green rising, yellow stalling near a high, orange falling. 1-year window.

3Y

Nov 2026: ₹2,410, 7.4% above its 200-day average. The price has been falling for 3 weeks.

  • Price ₹2,410
  • 50-day avg ₹2,144
  • 200-day avg ₹2,245
Nov 2026: ₹2,410, 7.4% above its 200-day average. The price has been falling for 3 weeks.
WeekPrice50-day avg200-day avg
3 Nov 2023₹2,544₹2,517₹2,342
12 Nov 2023₹2,572₹2,529₹2,355
17 Nov 2023₹2,644₹2,544₹2,366
24 Nov 2023₹2,571₹2,539₹2,373
1 Dec 2023₹2,560₹2,546₹2,381
8 Dec 2023₹2,606₹2,554₹2,392
15 Dec 2023₹2,571₹2,560₹2,401
22 Dec 2023₹2,502₹2,547₹2,406
29 Dec 2023₹2,569₹2,546₹2,411
5 Jan 2024₹2,579₹2,544₹2,417
12 Jan 2024₹2,632₹2,559₹2,427
20 Jan 2024₹2,766₹2,576₹2,439
25 Jan 2024₹2,527₹2,581₹2,444
2 Feb 2024₹2,452₹2,559₹2,445
9 Feb 2024₹2,298₹2,520₹2,441
16 Feb 2024₹2,340₹2,487₹2,436
23 Feb 2024₹2,334₹2,453₹2,429
2 Mar 2024₹2,267₹2,411₹2,419
7 Mar 2024₹2,267₹2,390₹2,413
15 Mar 2024₹2,267₹2,370₹2,407
22 Mar 2024₹2,276₹2,354₹2,400
28 Mar 2024₹2,317₹2,347₹2,397
5 Apr 2024₹2,405₹2,346₹2,394
12 Apr 2024₹2,393₹2,357₹2,395
19 Apr 2024₹2,348₹2,357₹2,394
26 Apr 2024₹2,376₹2,358₹2,392
3 May 2024₹2,445₹2,369₹2,394
10 May 2024₹2,478₹2,385₹2,397
18 May 2024₹2,798₹2,430₹2,408
24 May 2024₹3,044₹2,524₹2,434
31 May 2024₹3,050₹2,626₹2,466
7 Jun 2024₹3,202₹2,709₹2,496
14 Jun 2024₹3,241₹2,801₹2,531
21 Jun 2024₹3,218₹2,874₹2,561
28 Jun 2024₹3,229₹2,934₹2,592
5 Jul 2024₹3,178₹2,973₹2,620
12 Jul 2024₹3,123₹3,007₹2,646
19 Jul 2024₹3,140₹3,027₹2,666
26 Jul 2024₹3,280₹3,056₹2,691
2 Aug 2024₹3,292₹3,101₹2,721
9 Aug 2024₹3,059₹3,108₹2,741
16 Aug 2024₹2,833₹3,064₹2,744
23 Aug 2024₹2,853₹3,024₹2,749
30 Aug 2024₹2,830₹2,990₹2,753
6 Sep 2024₹2,974₹2,981₹2,762
13 Sep 2024₹3,110₹2,997₹2,777
20 Sep 2024₹3,078₹3,011₹2,791
27 Sep 2024₹3,043₹3,020₹2,805
4 Oct 2024₹2,860₹3,015₹2,812
11 Oct 2024₹3,023₹3,010₹2,821
18 Oct 2024₹2,999₹3,009₹2,829
25 Oct 2024₹2,908₹2,997₹2,835
1 Nov 2024₹2,854₹2,975₹2,837
8 Nov 2024₹2,829₹2,949₹2,837
14 Nov 2024₹2,739₹2,916₹2,832
22 Nov 2024₹2,767₹2,892₹2,829
29 Nov 2024₹2,780₹2,866₹2,825
6 Dec 2024₹2,807₹2,861₹2,826
13 Dec 2024₹2,855₹2,856₹2,826
20 Dec 2024₹2,790₹2,849₹2,826
27 Dec 2024₹2,864₹2,846₹2,826
3 Jan 2025₹2,819₹2,850₹2,828
10 Jan 2025₹2,733₹2,832₹2,824
17 Jan 2025₹2,706₹2,805₹2,817
24 Jan 2025₹2,652₹2,786₹2,812
1 Feb 2025₹2,754₹2,772₹2,806
7 Feb 2025₹2,719₹2,770₹2,804
14 Feb 2025₹2,625₹2,747₹2,796
21 Feb 2025₹2,709₹2,736₹2,791
28 Feb 2025₹2,616₹2,725₹2,786
7 Mar 2025₹2,560₹2,693₹2,774
13 Mar 2025₹2,499₹2,669₹2,765
21 Mar 2025₹2,610₹2,653₹2,756
28 Mar 2025₹2,555₹2,638₹2,747
4 Apr 2025₹2,388₹2,616₹2,737
11 Apr 2025₹2,338₹2,570₹2,720
17 Apr 2025₹2,504₹2,562₹2,713
25 Apr 2025₹2,518₹2,559₹2,705
2 May 2025₹2,677₹2,570₹2,702
9 May 2025₹2,742₹2,601₹2,704
16 May 2025₹2,710₹2,622₹2,705
23 May 2025₹2,660₹2,629₹2,703
30 May 2025₹2,472₹2,602₹2,692
6 Jun 2025₹2,493₹2,578₹2,681
13 Jun 2025₹2,464₹2,561₹2,671
20 Jun 2025₹2,420₹2,538₹2,660
27 Jun 2025₹2,464₹2,516₹2,648
4 Jul 2025₹2,608₹2,519₹2,642
11 Jul 2025₹2,656₹2,539₹2,641
18 Jul 2025₹2,745₹2,567₹2,644
25 Jul 2025₹2,686₹2,598₹2,649
1 Aug 2025₹2,576₹2,614₹2,650
8 Aug 2025₹2,428₹2,588₹2,642
14 Aug 2025₹2,400₹2,562₹2,633
22 Aug 2025₹2,396₹2,536₹2,622
29 Aug 2025₹2,289₹2,504₹2,611
5 Sep 2025₹2,309₹2,474₹2,597
12 Sep 2025₹2,389₹2,454₹2,586
19 Sep 2025₹2,523₹2,460₹2,581
26 Sep 2025₹2,352₹2,455₹2,574
3 Oct 2025₹2,303₹2,432₹2,563
10 Oct 2025₹2,287₹2,405₹2,549
17 Oct 2025₹2,269₹2,375₹2,534
24 Oct 2025₹2,327₹2,367₹2,526
31 Oct 2025₹2,280₹2,358₹2,516
7 Nov 2025₹2,322₹2,354₹2,509
14 Nov 2025₹2,330₹2,352₹2,500
21 Nov 2025₹2,320₹2,346₹2,492
28 Nov 2025₹2,309₹2,337₹2,482
5 Dec 2025₹2,383₹2,347₹2,478
12 Dec 2025₹2,349₹2,344₹2,471
19 Dec 2025₹2,365₹2,350₹2,466
26 Dec 2025₹2,293₹2,344₹2,460
2 Jan 2026₹2,369₹2,341₹2,453
9 Jan 2026₹2,360₹2,348₹2,450
16 Jan 2026₹2,447₹2,359₹2,449
23 Jan 2026₹2,408₹2,370₹2,447
1 Feb 2026₹2,298₹2,368₹2,443
6 Feb 2026₹2,705₹2,408₹2,450
13 Feb 2026₹2,612₹2,455₹2,460
20 Feb 2026₹2,495₹2,470₹2,464
27 Feb 2026₹2,384₹2,471₹2,465
6 Mar 2026₹2,250₹2,442₹2,458
13 Mar 2026₹2,226₹2,404₹2,447
20 Mar 2026₹2,105₹2,357₹2,432
27 Mar 2026₹2,151₹2,321₹2,419
2 Apr 2026₹2,067₹2,295₹2,410
10 Apr 2026₹2,269₹2,277₹2,399
17 Apr 2026₹2,330₹2,282₹2,396
24 Apr 2026₹2,225₹2,281₹2,390
30 Apr 2026₹2,161₹2,268₹2,382
8 May 2026₹2,263₹2,261₹2,375
15 May 2026₹2,148₹2,240₹2,363
22 May 2026₹2,208₹2,226₹2,354
29 May 2026₹2,206₹2,223₹2,348
4 Jun 2026₹2,192₹2,217₹2,341
5 Jun 2026₹2,142₹2,214₹2,339
10 Jun 2026₹2,083₹2,201₹2,332
12 Jun 2026₹2,013₹2,185₹2,326
17 Jun 2026₹2,256₹2,190₹2,323
19 Jun 2026₹2,244₹2,194₹2,321
24 Jun 2026₹2,224₹2,198₹2,318
25 Jun 2026₹2,234₹2,199₹2,317
1 Jul 2026₹2,169₹2,196₹2,313
3 Jul 2026₹2,220₹2,199₹2,311
10 Jul 2026₹2,253₹2,202₹2,307
17 Jul 2026₹2,065₹2,191₹2,299
24 Jul 2026₹2,014₹2,161₹2,286
31 Jul 2026₹2,474₹2,166₹2,281
7 Aug 2026₹2,466₹2,224₹2,290
14 Aug 2026₹2,364₹2,266₹2,299
21 Aug 2026₹2,351₹2,286₹2,302
28 Aug 2026₹2,340₹2,297₹2,305
4 Sep 2026₹2,285₹2,299₹2,305
11 Sep 2026₹2,165₹2,284₹2,300
18 Sep 2026₹2,268₹2,268₹2,295
25 Sep 2026₹2,183₹2,255₹2,290
1 Oct 2026₹2,082₹2,235₹2,284
9 Oct 2026₹2,010₹2,198₹2,271
16 Oct 2026₹2,053₹2,166₹2,259
23 Oct 2026₹2,110₹2,154₹2,252
30 Oct 2026₹2,072₹2,144₹2,245
6 Nov 2026₹2,410₹2,144₹2,245
Weekly closing price (₹) with its 50-day and 200-day averages. The strip under the chart shows the phase: tan sideways, green rising, yellow stalling near a high, orange falling. 3-year window.

5Y

Nov 2026: ₹2,410, 7.4% above its 200-day average. The price has been falling for 3 weeks.

  • Price ₹2,410
  • 50-day avg ₹2,144
  • 200-day avg ₹2,245
Nov 2026: ₹2,410, 7.4% above its 200-day average. The price has been falling for 3 weeks.
WeekPrice50-day avg200-day avg
4 Nov 2021₹2,437₹2,476₹2,146
18 Nov 2021₹2,311₹2,451₹2,168
3 Dec 2021₹2,201₹2,372₹2,172
17 Dec 2021₹2,206₹2,322₹2,176
31 Dec 2021₹2,323₹2,284₹2,179
14 Jan 2022₹2,490₹2,323₹2,199
28 Jan 2022₹2,255₹2,345₹2,217
11 Feb 2022₹2,179₹2,325₹2,224
25 Feb 2022₹1,770₹2,197₹2,197
11 Mar 2022₹1,970₹2,098₹2,169
25 Mar 2022₹2,050₹2,084₹2,159
8 Apr 2022₹2,117₹2,091₹2,153
22 Apr 2022₹2,122₹2,095₹2,150
6 May 2022₹1,995₹2,096₹2,145
20 May 2022₹2,113₹2,073₹2,134
3 Jun 2022₹2,266₹2,128₹2,143
17 Jun 2022₹2,082₹2,141₹2,146
1 Jul 2022₹2,172₹2,139₹2,144
15 Jul 2022₹2,295₹2,181₹2,156
29 Jul 2022₹2,311₹2,215₹2,168
12 Aug 2022₹2,183₹2,226₹2,176
26 Aug 2022₹2,047₹2,200₹2,173
9 Sep 2022₹1,990₹2,140₹2,159
23 Sep 2022₹1,890₹2,074₹2,138
7 Oct 2022₹1,916₹2,018₹2,116
21 Oct 2022₹1,932₹1,986₹2,098
4 Nov 2022₹1,916₹1,971₹2,084
18 Nov 2022₹1,973₹1,961₹2,071
2 Dec 2022₹2,061₹1,978₹2,065
16 Dec 2022₹2,124₹2,017₹2,068
30 Dec 2022₹2,131₹2,049₹2,072
13 Jan 2023₹2,233₹2,094₹2,083
27 Jan 2023₹2,129₹2,132₹2,095
10 Feb 2023₹2,308₹2,180₹2,112
24 Feb 2023₹2,049₹2,133₹2,105
10 Mar 2023₹2,026₹2,104₹2,099
24 Mar 2023₹1,968₹2,060₹2,087
6 Apr 2023₹1,970₹2,035₹2,078
21 Apr 2023₹2,036₹2,039₹2,075
5 May 2023₹2,139₹2,055₹2,076
19 May 2023₹2,149₹2,100₹2,087
2 Jun 2023₹2,286₹2,176₹2,111
16 Jun 2023₹2,369₹2,220₹2,130
30 Jun 2023₹2,370₹2,274₹2,153
14 Jul 2023₹2,434₹2,310₹2,175
28 Jul 2023₹2,464₹2,349₹2,199
11 Aug 2023₹2,351₹2,374₹2,221
25 Aug 2023₹2,376₹2,374₹2,234
8 Sep 2023₹2,402₹2,377₹2,248
22 Sep 2023₹2,547₹2,413₹2,269
6 Oct 2023₹2,562₹2,455₹2,293
20 Oct 2023₹2,541₹2,496₹2,321
3 Nov 2023₹2,544₹2,517₹2,342
17 Nov 2023₹2,644₹2,544₹2,366
1 Dec 2023₹2,560₹2,546₹2,381
15 Dec 2023₹2,571₹2,560₹2,401
29 Dec 2023₹2,569₹2,546₹2,411
12 Jan 2024₹2,632₹2,559₹2,427
25 Jan 2024₹2,527₹2,581₹2,444
9 Feb 2024₹2,298₹2,520₹2,441
23 Feb 2024₹2,334₹2,453₹2,429
7 Mar 2024₹2,267₹2,390₹2,413
22 Mar 2024₹2,276₹2,354₹2,400
5 Apr 2024₹2,405₹2,346₹2,394
19 Apr 2024₹2,348₹2,357₹2,394
3 May 2024₹2,445₹2,369₹2,394
18 May 2024₹2,798₹2,430₹2,408
31 May 2024₹3,050₹2,626₹2,466
14 Jun 2024₹3,241₹2,801₹2,531
28 Jun 2024₹3,229₹2,934₹2,592
12 Jul 2024₹3,123₹3,007₹2,646
26 Jul 2024₹3,280₹3,056₹2,691
9 Aug 2024₹3,059₹3,108₹2,741
23 Aug 2024₹2,853₹3,024₹2,749
6 Sep 2024₹2,974₹2,981₹2,762
20 Sep 2024₹3,078₹3,011₹2,791
4 Oct 2024₹2,860₹3,015₹2,812
18 Oct 2024₹2,999₹3,009₹2,829
1 Nov 2024₹2,854₹2,975₹2,837
14 Nov 2024₹2,739₹2,916₹2,832
29 Nov 2024₹2,780₹2,866₹2,825
13 Dec 2024₹2,855₹2,856₹2,826
27 Dec 2024₹2,864₹2,846₹2,826
10 Jan 2025₹2,733₹2,832₹2,824
24 Jan 2025₹2,652₹2,786₹2,812
7 Feb 2025₹2,719₹2,770₹2,804
21 Feb 2025₹2,709₹2,736₹2,791
7 Mar 2025₹2,560₹2,693₹2,774
21 Mar 2025₹2,610₹2,653₹2,756
4 Apr 2025₹2,388₹2,616₹2,737
17 Apr 2025₹2,504₹2,562₹2,713
2 May 2025₹2,677₹2,570₹2,702
16 May 2025₹2,710₹2,622₹2,705
30 May 2025₹2,472₹2,602₹2,692
13 Jun 2025₹2,464₹2,561₹2,671
27 Jun 2025₹2,464₹2,516₹2,648
11 Jul 2025₹2,656₹2,539₹2,641
25 Jul 2025₹2,686₹2,598₹2,649
8 Aug 2025₹2,428₹2,588₹2,642
22 Aug 2025₹2,396₹2,536₹2,622
5 Sep 2025₹2,309₹2,474₹2,597
19 Sep 2025₹2,523₹2,460₹2,581
3 Oct 2025₹2,303₹2,432₹2,563
17 Oct 2025₹2,269₹2,375₹2,534
31 Oct 2025₹2,280₹2,358₹2,516
14 Nov 2025₹2,330₹2,352₹2,500
28 Nov 2025₹2,309₹2,337₹2,482
12 Dec 2025₹2,349₹2,344₹2,471
26 Dec 2025₹2,293₹2,344₹2,460
9 Jan 2026₹2,360₹2,348₹2,450
23 Jan 2026₹2,408₹2,370₹2,447
6 Feb 2026₹2,705₹2,408₹2,450
20 Feb 2026₹2,495₹2,470₹2,464
6 Mar 2026₹2,250₹2,442₹2,458
20 Mar 2026₹2,105₹2,357₹2,432
2 Apr 2026₹2,067₹2,295₹2,410
17 Apr 2026₹2,330₹2,282₹2,396
30 Apr 2026₹2,161₹2,268₹2,382
15 May 2026₹2,148₹2,240₹2,363
29 May 2026₹2,206₹2,223₹2,348
5 Jun 2026₹2,142₹2,214₹2,339
12 Jun 2026₹2,013₹2,185₹2,326
19 Jun 2026₹2,244₹2,194₹2,321
25 Jun 2026₹2,234₹2,199₹2,317
3 Jul 2026₹2,220₹2,199₹2,311
17 Jul 2026₹2,065₹2,191₹2,299
31 Jul 2026₹2,474₹2,166₹2,281
14 Aug 2026₹2,364₹2,266₹2,299
28 Aug 2026₹2,340₹2,297₹2,305
11 Sep 2026₹2,165₹2,284₹2,300
25 Sep 2026₹2,183₹2,255₹2,290
9 Oct 2026₹2,010₹2,198₹2,271
23 Oct 2026₹2,110₹2,154₹2,252
6 Nov 2026₹2,410₹2,144₹2,245
Weekly closing price (₹) with its 50-day and 200-day averages. The strip under the chart shows the phase: tan sideways, green rising, yellow stalling near a high, orange falling. 5-year window.

10Y

Nov 2026: ₹2,410, 7.4% above its 200-day average. The price has been falling for 3 weeks.

  • Price ₹2,410
  • 50-day avg ₹2,144
  • 200-day avg ₹2,245
Nov 2026: ₹2,410, 7.4% above its 200-day average. The price has been falling for 3 weeks.
WeekPrice50-day avg200-day avg
30 Oct 2016₹532₹476₹388
18 Nov 2016₹492₹487₹402
9 Dec 2016₹584₹512₹421
30 Dec 2016₹551₹530₹439
20 Jan 2017₹562₹542₹455
10 Feb 2017₹591₹555₹471
3 Mar 2017₹657₹581₹489
24 Mar 2017₹707₹629₹515
13 Apr 2017₹698₹659₹538
5 May 2017₹759₹694₹564
26 May 2017₹749₹721₹591
16 Jun 2017₹771₹746₹616
7 Jul 2017₹852₹785₹645
28 Jul 2017₹807₹802₹670
18 Aug 2017₹744₹794₹685
8 Sep 2017₹814₹794₹699
29 Sep 2017₹853₹818₹720
19 Oct 2017₹853₹832₹736
10 Nov 2017₹964₹853₹755
1 Dec 2017₹1,057₹942₹796
22 Dec 2017₹1,209₹1,057₹851
12 Jan 2018₹1,159₹1,111₹894
2 Feb 2018₹1,091₹1,121₹926
23 Feb 2018₹1,095₹1,119₹951
16 Mar 2018₹1,088₹1,090₹964
6 Apr 2018₹1,223₹1,101₹982
27 Apr 2018₹1,283₹1,185₹1,025
18 May 2018₹1,174₹1,197₹1,050
8 Jun 2018₹1,125₹1,161₹1,059
29 Jun 2018₹1,042₹1,128₹1,064
20 Jul 2018₹1,200₹1,147₹1,078
10 Aug 2018₹1,253₹1,182₹1,098
31 Aug 2018₹1,360₹1,255₹1,130
21 Sep 2018₹1,085₹1,213₹1,133
12 Oct 2018₹1,055₹1,139₹1,121
2 Nov 2018₹1,113₹1,104₹1,113
22 Nov 2018₹957₹1,046₹1,094
14 Dec 2018₹936₹994₹1,072
4 Jan 2019₹892₹961₹1,052
25 Jan 2019₹829₹919₹1,026
15 Feb 2019₹823₹870₹996
8 Mar 2019₹905₹874₹980
29 Mar 2019₹996₹903₹975
18 Apr 2019₹962₹931₹975
10 May 2019₹839₹915₹965
31 May 2019₹779₹862₹942
21 Jun 2019₹746₹822₹920
12 Jul 2019₹739₹786₹895
2 Aug 2019₹712₹758₹871
23 Aug 2019₹742₹748₹855
13 Sep 2019₹770₹745₹841
4 Oct 2019₹745₹755₹831
27 Oct 2019₹840₹773₹826
15 Nov 2019₹863₹807₹830
6 Dec 2019₹923₹846₹838
27 Dec 2019₹986₹889₹852
17 Jan 2020₹1,109₹952₹876
7 Feb 2020₹1,101₹1,018₹908
28 Feb 2020₹1,096₹1,092₹945
20 Mar 2020₹823₹1,038₹949
9 Apr 2020₹875₹950₹933
30 Apr 2020₹935₹931₹929
22 May 2020₹995₹933₹929
12 Jun 2020₹1,149₹1,017₹955
3 Jul 2020₹1,314₹1,119₹994
24 Jul 2020₹1,258₹1,184₹1,032
14 Aug 2020₹1,316₹1,248₹1,072
4 Sep 2020₹1,290₹1,293₹1,111
25 Sep 2020₹1,356₹1,310₹1,141
16 Oct 2020₹1,382₹1,357₹1,178
6 Nov 2020₹1,453₹1,364₹1,205
27 Nov 2020₹1,659₹1,470₹1,259
18 Dec 2020₹1,613₹1,547₹1,310
8 Jan 2021₹1,722₹1,581₹1,351
29 Jan 2021₹1,588₹1,618₹1,392
19 Feb 2021₹1,550₹1,640₹1,431
12 Mar 2021₹1,628₹1,623₹1,453
1 Apr 2021₹1,682₹1,629₹1,476
23 Apr 2021₹1,695₹1,647₹1,500
14 May 2021₹1,896₹1,722₹1,541
4 Jun 2021₹2,213₹1,928₹1,629
25 Jun 2021₹2,247₹2,074₹1,716
16 Jul 2021₹2,385₹2,174₹1,796
6 Aug 2021₹2,449₹2,272₹1,874
27 Aug 2021₹2,291₹2,278₹1,928
17 Sep 2021₹2,490₹2,347₹1,994
8 Oct 2021₹2,579₹2,443₹2,073
29 Oct 2021₹2,460₹2,476₹2,132
18 Nov 2021₹2,311₹2,451₹2,168
10 Dec 2021₹2,247₹2,341₹2,173
31 Dec 2021₹2,323₹2,284₹2,179
21 Jan 2022₹2,444₹2,353₹2,214
11 Feb 2022₹2,179₹2,325₹2,224
4 Mar 2022₹1,767₹2,138₹2,182
25 Mar 2022₹2,050₹2,084₹2,159
13 Apr 2022₹2,095₹2,090₹2,151
6 May 2022₹1,995₹2,096₹2,145
27 May 2022₹2,235₹2,088₹2,134
17 Jun 2022₹2,082₹2,141₹2,146
8 Jul 2022₹2,289₹2,157₹2,149
29 Jul 2022₹2,311₹2,215₹2,168
19 Aug 2022₹2,169₹2,223₹2,177
9 Sep 2022₹1,990₹2,140₹2,159
30 Sep 2022₹1,884₹2,038₹2,125
21 Oct 2022₹1,932₹1,986₹2,098
11 Nov 2022₹1,889₹1,963₹2,077
2 Dec 2022₹2,061₹1,978₹2,065
23 Dec 2022₹2,074₹2,037₹2,071
13 Jan 2023₹2,233₹2,094₹2,083
3 Feb 2023₹2,291₹2,153₹2,102
24 Feb 2023₹2,049₹2,133₹2,105
17 Mar 2023₹1,963₹2,079₹2,093
6 Apr 2023₹1,970₹2,035₹2,078
28 Apr 2023₹2,084₹2,043₹2,075
19 May 2023₹2,149₹2,100₹2,087
9 Jun 2023₹2,265₹2,195₹2,119
30 Jun 2023₹2,370₹2,274₹2,153
21 Jul 2023₹2,416₹2,329₹2,186
11 Aug 2023₹2,351₹2,374₹2,221
1 Sep 2023₹2,362₹2,371₹2,240
22 Sep 2023₹2,547₹2,413₹2,269
13 Oct 2023₹2,585₹2,477₹2,307
3 Nov 2023₹2,544₹2,517₹2,342
24 Nov 2023₹2,571₹2,539₹2,373
15 Dec 2023₹2,571₹2,560₹2,401
5 Jan 2024₹2,579₹2,544₹2,417
25 Jan 2024₹2,527₹2,581₹2,444
16 Feb 2024₹2,340₹2,487₹2,436
7 Mar 2024₹2,267₹2,390₹2,413
28 Mar 2024₹2,317₹2,347₹2,397
19 Apr 2024₹2,348₹2,357₹2,394
10 May 2024₹2,478₹2,385₹2,397
31 May 2024₹3,050₹2,626₹2,466
21 Jun 2024₹3,218₹2,874₹2,561
12 Jul 2024₹3,123₹3,007₹2,646
2 Aug 2024₹3,292₹3,101₹2,721
23 Aug 2024₹2,853₹3,024₹2,749
13 Sep 2024₹3,110₹2,997₹2,777
4 Oct 2024₹2,860₹3,015₹2,812
25 Oct 2024₹2,908₹2,997₹2,835
14 Nov 2024₹2,739₹2,916₹2,832
6 Dec 2024₹2,807₹2,861₹2,826
27 Dec 2024₹2,864₹2,846₹2,826
17 Jan 2025₹2,706₹2,805₹2,817
7 Feb 2025₹2,719₹2,770₹2,804
28 Feb 2025₹2,616₹2,725₹2,786
21 Mar 2025₹2,610₹2,653₹2,756
11 Apr 2025₹2,338₹2,570₹2,720
2 May 2025₹2,677₹2,570₹2,702
23 May 2025₹2,660₹2,629₹2,703
13 Jun 2025₹2,464₹2,561₹2,671
4 Jul 2025₹2,608₹2,519₹2,642
25 Jul 2025₹2,686₹2,598₹2,649
14 Aug 2025₹2,400₹2,562₹2,633
5 Sep 2025₹2,309₹2,474₹2,597
26 Sep 2025₹2,352₹2,455₹2,574
17 Oct 2025₹2,269₹2,375₹2,534
7 Nov 2025₹2,322₹2,354₹2,509
28 Nov 2025₹2,309₹2,337₹2,482
19 Dec 2025₹2,365₹2,350₹2,466
9 Jan 2026₹2,360₹2,348₹2,450
1 Feb 2026₹2,298₹2,368₹2,443
20 Feb 2026₹2,495₹2,470₹2,464
13 Mar 2026₹2,226₹2,404₹2,447
2 Apr 2026₹2,067₹2,295₹2,410
24 Apr 2026₹2,225₹2,281₹2,390
15 May 2026₹2,148₹2,240₹2,363
4 Jun 2026₹2,192₹2,217₹2,341
12 Jun 2026₹2,013₹2,185₹2,326
24 Jun 2026₹2,224₹2,198₹2,318
3 Jul 2026₹2,220₹2,199₹2,311
24 Jul 2026₹2,014₹2,161₹2,286
14 Aug 2026₹2,364₹2,266₹2,299
4 Sep 2026₹2,285₹2,299₹2,305
25 Sep 2026₹2,183₹2,255₹2,290
16 Oct 2026₹2,053₹2,166₹2,259
6 Nov 2026₹2,410₹2,144₹2,245
Weekly closing price (₹) with its 50-day and 200-day averages. The strip under the chart shows the phase: tan sideways, green rising, yellow stalling near a high, orange falling. 10-year window.

Price stage: Falling from Oct 2025 to Feb 2026; Sideways from Feb 2026 to Mar 2026; Falling from Mar 2026 to Oct 2026.

Price stage: Rising from Nov 2023 to Mar 2024; Falling from Mar 2024 to May 2024; Rising from Jun 2024 to Dec 2024; Sideways from Dec 2024 to Jan 2025; Falling from Jan 2025 to Feb 2026; Sideways from Feb 2026 to Mar 2026; Falling from Mar 2026 to Oct 2026.

Price stage: Rising from Nov 2021 to Mar 2022; Falling from Mar 2022 to Jun 2022; Sideways from Jun 2022 to Jul 2022; Rising from Aug 2022 to Sep 2022; Falling from Sep 2022 to Jan 2023; Rising from Feb 2023 to Mar 2023; Falling from Apr 2023 to Jun 2023; Rising from Jun 2023 to Mar 2024; Falling from Mar 2024 to May 2024; Rising from Jun 2024 to Jan 2025; Falling from Jan 2025 to Oct 2026.

Price stage: Rising from Oct 2016 to Nov 2018; Falling from Nov 2018 to Dec 2019; Rising from Dec 2019 to Mar 2022; Falling from Mar 2022 to May 2022; Sideways from Jun 2022 to Sep 2022; Falling from Sep 2022 to Jan 2023; Rising from Feb 2023 to Mar 2023; Falling from Apr 2023 to Jun 2023; Rising from Jun 2023 to Mar 2024; Falling from Mar 2024 to May 2024; Rising from Jun 2024 to Dec 2024; Falling from Jan 2025 to Oct 2026.

Week by week since 2016: did it beat the NIFTY 500 over the past 13 weeks?

Ahead in 285 of 551 weeks

Week by week since 2016: did it beat the NIFTY 500 over the past 13 weeks?
Week13-week return vs NIFTY 500
26 Feb 2016no NIFTY 500 reading
4 Mar 2016no NIFTY 500 reading
11 Mar 2016no NIFTY 500 reading
18 Mar 2016no NIFTY 500 reading
23 Mar 2016no NIFTY 500 reading
1 Apr 2016no NIFTY 500 reading
8 Apr 2016no NIFTY 500 reading
13 Apr 2016no NIFTY 500 reading
22 Apr 2016no NIFTY 500 reading
29 Apr 2016no NIFTY 500 reading
6 May 2016no NIFTY 500 reading
13 May 2016no NIFTY 500 reading
20 May 2016no NIFTY 500 reading
27 May 2016+10.5%
3 Jun 2016+4.7%
10 Jun 2016+2.9%
17 Jun 2016+4.8%
24 Jun 2016+0.5%
1 Jul 2016−4.4%
8 Jul 2016−1.1%
15 Jul 2016+1.2%
22 Jul 2016−2.5%
29 Jul 2016−2.0%
5 Aug 2016+2.9%
12 Aug 2016−1.5%
19 Aug 2016−0.2%
26 Aug 2016+4.7%
2 Sep 2016+13.7%
9 Sep 2016+22.7%
16 Sep 2016+13.7%
23 Sep 2016+18.7%
30 Sep 2016+43.8%
7 Oct 2016+62.3%
14 Oct 2016+56.1%
21 Oct 2016+47.7%
30 Oct 2016+45.7%
4 Nov 2016+34.5%
11 Nov 2016+42.2%
18 Nov 2016+38.4%
25 Nov 2016+23.6%
2 Dec 2016+53.1%
9 Dec 2016+36.8%
16 Dec 2016+41.2%
23 Dec 2016+32.0%
30 Dec 2016+15.8%
6 Jan 2017+2.4%
13 Jan 2017+0.9%
20 Jan 2017+8.3%
27 Jan 2017+2.9%
3 Feb 2017+9.8%
10 Feb 2017+9.7%
17 Feb 2017+4.8%
23 Feb 2017+22.3%
3 Mar 2017−2.7%
10 Mar 2017+1.1%
17 Mar 2017+14.5%
24 Mar 2017+18.8%
31 Mar 2017+10.6%
7 Apr 2017+15.2%
13 Apr 2017+19.0%
21 Apr 2017+14.0%
28 Apr 2017+24.8%
5 May 2017+24.2%
12 May 2017+15.3%
19 May 2017+25.5%
26 May 2017+14.9%
2 Jun 2017+9.5%
9 Jun 2017+13.0%
16 Jun 2017+1.3%
23 Jun 2017+15.7%
30 Jun 2017+15.6%
7 Jul 2017+16.0%
14 Jul 2017+12.2%
21 Jul 2017+9.8%
28 Jul 2017−0.9%
4 Aug 2017+1.0%
11 Aug 2017−2.1%
18 Aug 2017−6.8%
24 Aug 2017+1.5%
1 Sep 2017+2.3%
8 Sep 2017−3.0%
15 Sep 2017+3.1%
22 Sep 2017−4.5%
29 Sep 2017−0.5%
6 Oct 2017−2.4%
13 Oct 2017−0.4%
19 Oct 2017+0.9%
27 Oct 2017−2.5%
3 Nov 2017+4.7%
10 Nov 2017+23.8%
17 Nov 2017+32.6%
24 Nov 2017+24.9%
1 Dec 2017+24.9%
8 Dec 2017+45.8%
15 Dec 2017+43.9%
22 Dec 2017+34.0%
29 Dec 2017+31.6%
5 Jan 2018+32.5%
12 Jan 2018+25.8%
19 Jan 2018+25.0%
25 Jan 2018+30.5%
2 Feb 2018+23.4%
9 Feb 2018+14.1%
16 Feb 2018+8.5%
23 Feb 2018+5.4%
1 Mar 2018+0.9%
9 Mar 2018−14.6%
16 Mar 2018−8.5%
23 Mar 2018−6.3%
28 Mar 2018−5.6%
6 Apr 2018+5.2%
13 Apr 2018+17.2%
20 Apr 2018+19.1%
27 Apr 2018+17.1%
4 May 2018+12.3%
11 May 2018+5.3%
18 May 2018+5.4%
25 May 2018−0.4%
1 Jun 2018+2.8%
8 Jun 2018+5.7%
15 Jun 2018−2.2%
22 Jun 2018+1.0%
29 Jun 2018−5.0%
6 Jul 2018−3.0%
13 Jul 2018−9.6%
20 Jul 2018−8.7%
27 Jul 2018−9.7%
3 Aug 2018−2.4%
10 Aug 2018+0.2%
17 Aug 2018+7.9%
24 Aug 2018+14.8%
31 Aug 2018+15.2%
7 Sep 2018+1.2%
14 Sep 2018+2.3%
21 Sep 2018−3.3%
28 Sep 2018−0.7%
5 Oct 2018−10.2%
12 Oct 2018−5.2%
19 Oct 2018−3.9%
26 Oct 2018−3.6%
2 Nov 2018−3.6%
9 Nov 2018−17.3%
16 Nov 2018−20.9%
22 Nov 2018−18.5%
30 Nov 2018−21.9%
7 Dec 2018−17.4%
14 Dec 2018−16.2%
21 Dec 2018−11.6%
28 Dec 2018−10.9%
4 Jan 2019−15.4%
11 Jan 2019−20.5%
18 Jan 2019−22.5%
25 Jan 2019−21.3%
1 Feb 2019−28.3%
8 Feb 2019−18.0%
15 Feb 2019−12.7%
22 Feb 2019−10.1%
1 Mar 2019−9.1%
8 Mar 2019−3.1%
15 Mar 2019−3.8%
22 Mar 2019−6.8%
29 Mar 2019+2.9%
5 Apr 2019+5.2%
12 Apr 2019+0.3%
18 Apr 2019+3.9%
26 Apr 2019+4.2%
3 May 2019+6.5%
10 May 2019+7.3%
17 May 2019−11.9%
24 May 2019−15.7%
31 May 2019−20.0%
7 Jun 2019−16.1%
14 Jun 2019−17.8%
21 Jun 2019−20.2%
28 Jun 2019−25.1%
5 Jul 2019−23.0%
12 Jul 2019−19.7%
19 Jul 2019−18.8%
26 Jul 2019−16.7%
2 Aug 2019−15.1%
9 Aug 2019−5.9%
16 Aug 2019−1.9%
23 Aug 2019+1.1%
30 Aug 2019+6.2%
6 Sep 2019−0.4%
13 Sep 2019+7.7%
20 Sep 2019+10.2%
27 Sep 2019+7.4%
4 Oct 2019+3.4%
11 Oct 2019+4.1%
18 Oct 2019+11.7%
27 Oct 2019+9.1%
1 Nov 2019+12.7%
8 Nov 2019+2.8%
15 Nov 2019+10.1%
22 Nov 2019+4.2%
29 Nov 2019+13.7%
6 Dec 2019+20.5%
13 Dec 2019+12.9%
20 Dec 2019+13.2%
27 Dec 2019+20.8%
3 Jan 2020+23.8%
10 Jan 2020+30.1%
17 Jan 2020+27.3%
24 Jan 2020+28.7%
1 Feb 2020+17.8%
7 Feb 2020+25.2%
14 Feb 2020+31.8%
20 Feb 2020+52.1%
28 Feb 2020+23.7%
6 Mar 2020+29.0%
13 Mar 2020+35.6%
20 Mar 2020+18.9%
27 Mar 2020+17.6%
3 Apr 2020+6.4%
9 Apr 2020+11.4%
17 Apr 2020+8.8%
24 Apr 2020+0.6%
30 Apr 2020+13.0%
8 May 2020+4.8%
15 May 2020+7.1%
22 May 2020−0.4%
29 May 2020+9.8%
5 Jun 2020+10.1%
12 Jun 2020−3.2%
19 Jun 2020+21.3%
26 Jun 2020+20.0%
3 Jul 2020+47.3%
10 Jul 2020+26.1%
17 Jul 2020+13.6%
24 Jul 2020+28.3%
31 Jul 2020+21.5%
7 Aug 2020+30.0%
14 Aug 2020+12.6%
21 Aug 2020+11.4%
28 Aug 2020+11.8%
4 Sep 2020−1.1%
11 Sep 2020−5.0%
18 Sep 2020+6.5%
25 Sep 2020−0.1%
1 Oct 2020+1.4%
9 Oct 2020−1.1%
16 Oct 2020+2.4%
23 Oct 2020+4.5%
30 Oct 2020−5.5%
6 Nov 2020−3.9%
14 Nov 2020+7.7%
20 Nov 2020+7.4%
27 Nov 2020+6.2%
4 Dec 2020+7.5%
11 Dec 2020+10.4%
18 Dec 2020−6.4%
24 Dec 2020−8.5%
1 Jan 2021−9.3%
8 Jan 2021−0.9%
15 Jan 2021−4.2%
22 Jan 2021+1.1%
29 Jan 2021−6.8%
5 Feb 2021+3.5%
12 Feb 2021−14.3%
19 Feb 2021−21.6%
26 Feb 2021−23.7%
5 Mar 2021−16.4%
12 Mar 2021−11.1%
19 Mar 2021−8.4%
26 Mar 2021−1.0%
1 Apr 2021−3.9%
9 Apr 2021−5.3%
16 Apr 2021+2.3%
23 Apr 2021−7.4%
30 Apr 2021+9.5%
7 May 2021+1.2%
14 May 2021+12.9%
21 May 2021+32.9%
28 May 2021+36.6%
4 Jun 2021+32.7%
11 Jun 2021+28.0%
18 Jun 2021+31.7%
25 Jun 2021+26.9%
2 Jul 2021+27.5%
9 Jul 2021+25.9%
16 Jul 2021+29.4%
23 Jul 2021+29.2%
30 Jul 2021+21.6%
6 Aug 2021+23.0%
13 Aug 2021+10.8%
20 Aug 2021−3.3%
27 Aug 2021−5.1%
3 Sep 2021−1.6%
9 Sep 2021−1.6%
17 Sep 2021−3.0%
24 Sep 2021+6.2%
1 Oct 2021−0.5%
8 Oct 2021−1.3%
14 Oct 2021−6.5%
22 Oct 2021−7.6%
29 Oct 2021−5.8%
4 Nov 2021−12.3%
12 Nov 2021−6.6%
18 Nov 2021−3.4%
26 Nov 2021−7.1%
3 Dec 2021−10.5%
10 Dec 2021−8.1%
17 Dec 2021−9.1%
24 Dec 2021−15.6%
31 Dec 2021−10.3%
7 Jan 2022−7.8%
14 Jan 2022−3.5%
21 Jan 2022+2.6%
28 Jan 2022−8.4%
4 Feb 2022−2.8%
11 Feb 2022−3.4%
18 Feb 2022−10.9%
25 Feb 2022−14.3%
4 Mar 2022−12.5%
11 Mar 2022−9.2%
17 Mar 2022−3.7%
25 Mar 2022−7.2%
1 Apr 2022−8.8%
8 Apr 2022−7.8%
13 Apr 2022−11.8%
22 Apr 2022−12.7%
29 Apr 2022+1.0%
6 May 2022−4.6%
13 May 2022−7.5%
20 May 2022+13.3%
27 May 2022+27.1%
3 Jun 2022+28.9%
10 Jun 2022+19.1%
17 Jun 2022+8.8%
24 Jun 2022+14.0%
1 Jul 2022+14.1%
8 Jul 2022+17.5%
15 Jul 2022+14.1%
22 Jul 2022+10.4%
29 Jul 2022+4.4%
5 Aug 2022−0.4%
12 Aug 2022+5.1%
19 Aug 2022−8.8%
26 Aug 2022−17.2%
2 Sep 2022−22.4%
9 Sep 2022−26.3%
16 Sep 2022−26.0%
23 Sep 2022−20.3%
30 Sep 2022−23.1%
7 Oct 2022−24.4%
14 Oct 2022−23.5%
21 Oct 2022−21.2%
28 Oct 2022−20.1%
4 Nov 2022−15.3%
11 Nov 2022−15.3%
18 Nov 2022−11.7%
25 Nov 2022−5.1%
2 Dec 2022−0.2%
9 Dec 2022+1.3%
16 Dec 2022+10.2%
23 Dec 2022+4.2%
30 Dec 2022+10.3%
6 Jan 2023+12.3%
13 Jan 2023+14.8%
20 Jan 2023+15.1%
27 Jan 2023+13.7%
3 Feb 2023+23.1%
10 Feb 2023+26.1%
17 Feb 2023+8.2%
24 Feb 2023+9.1%
3 Mar 2023+5.4%
10 Mar 2023+8.7%
17 Mar 2023−0.7%
24 Mar 2023+1.9%
31 Mar 2023−4.0%
6 Apr 2023−8.6%
13 Apr 2023−3.4%
21 Apr 2023−7.4%
28 Apr 2023−5.0%
5 May 2023−9.6%
12 May 2023−7.5%
19 May 2023+0.4%
26 May 2023+13.0%
2 Jun 2023+4.3%
9 Jun 2023−0.5%
16 Jun 2023+8.4%
23 Jun 2023+8.4%
30 Jun 2023+8.6%
7 Jul 2023+9.9%
14 Jul 2023+3.5%
21 Jul 2023+5.5%
28 Jul 2023+7.9%
4 Aug 2023+6.1%
11 Aug 2023−2.1%
18 Aug 2023+1.5%
25 Aug 2023−11.4%
1 Sep 2023−4.7%
8 Sep 2023−2.9%
15 Sep 2023−0.3%
22 Sep 2023−0.3%
29 Sep 2023+4.7%
6 Oct 2023+2.6%
13 Oct 2023+3.9%
20 Oct 2023+6.4%
27 Oct 2023+6.2%
3 Nov 2023+1.0%
12 Nov 2023+4.8%
17 Nov 2023+7.1%
24 Nov 2023+2.7%
1 Dec 2023+0.3%
8 Dec 2023+1.5%
15 Dec 2023−6.3%
22 Dec 2023−13.1%
29 Dec 2023−12.7%
5 Jan 2024−11.5%
12 Jan 2024−10.6%
20 Jan 2024−7.2%
25 Jan 2024−21.1%
2 Feb 2024−20.1%
9 Feb 2024−23.7%
16 Feb 2024−25.7%
23 Feb 2024−21.1%
2 Mar 2024−16.6%
7 Mar 2024−17.8%
15 Mar 2024−16.4%
22 Mar 2024−13.1%
28 Mar 2024−16.2%
5 Apr 2024−13.9%
12 Apr 2024−13.9%
19 Apr 2024−21.7%
26 Apr 2024−12.0%
3 May 2024−3.3%
10 May 2024+3.7%
18 May 2024+14.1%
24 May 2024+24.3%
31 May 2024+27.4%
7 Jun 2024+29.4%
14 Jun 2024+29.7%
21 Jun 2024+29.7%
28 Jun 2024+28.4%
5 Jul 2024+22.3%
12 Jul 2024+16.9%
19 Jul 2024+23.1%
26 Jul 2024+26.0%
2 Aug 2024+24.3%
9 Aug 2024+14.1%
16 Aug 2024−8.8%
23 Aug 2024−17.4%
30 Aug 2024−20.0%
6 Sep 2024−14.3%
13 Sep 2024−11.6%
20 Sep 2024−13.0%
27 Sep 2024−12.0%
4 Oct 2024−12.7%
11 Oct 2024−5.2%
18 Oct 2024−4.1%
25 Oct 2024−8.0%
1 Nov 2024−14.1%
8 Nov 2024−4.2%
14 Nov 2024+2.5%
22 Nov 2024+0.9%
29 Nov 2024+1.0%
6 Dec 2024−4.9%
13 Dec 2024−4.2%
20 Dec 2024−1.3%
27 Dec 2024+1.9%
3 Jan 2025+4.4%
10 Jan 2025−0.7%
17 Jan 2025−3.4%
24 Jan 2025−2.2%
1 Feb 2025+1.9%
7 Feb 2025+0.7%
14 Feb 2025+1.6%
21 Feb 2025+7.9%
28 Feb 2025+6.4%
7 Mar 2025+4.4%
13 Mar 2025−3.4%
21 Mar 2025−1.4%
28 Mar 2025−5.8%
4 Apr 2025−6.8%
11 Apr 2025−13.8%
17 Apr 2025−11.4%
25 Apr 2025−8.7%
2 May 2025−4.1%
9 May 2025−6.8%
16 May 2025−6.4%
23 May 2025−13.3%
30 May 2025−18.1%
6 Jun 2025−17.8%
13 Jun 2025−11.3%
20 Jun 2025−16.8%
27 Jun 2025−14.3%
4 Jul 2025−6.5%
11 Jul 2025+3.9%
18 Jul 2025+4.3%
25 Jul 2025+2.1%
1 Aug 2025−6.5%
8 Aug 2025−12.3%
14 Aug 2025−13.3%
22 Aug 2025−9.9%
29 Aug 2025−7.6%
5 Sep 2025−6.2%
12 Sep 2025−5.3%
19 Sep 2025+4.7%
26 Sep 2025−1.9%
3 Oct 2025−9.8%
10 Oct 2025−13.5%
17 Oct 2025−18.8%
24 Oct 2025−17.4%
31 Oct 2025−15.9%
7 Nov 2025−9.4%
14 Nov 2025−6.2%
21 Nov 2025−8.4%
28 Nov 2025−2.9%
5 Dec 2025+1.8%
12 Dec 2025−1.9%
19 Dec 2025−9.1%
26 Dec 2025−6.6%
2 Jan 2026−1.1%
9 Jan 2026+2.8%
16 Jan 2026+11.8%
23 Jan 2026+7.2%
1 Feb 2026+1.8%
6 Feb 2026+16.7%
13 Feb 2026+13.2%
20 Feb 2026+9.9%
27 Feb 2026+8.8%
6 Mar 2026−1.6%
13 Mar 2026+1.5%
20 Mar 2026−1.1%
27 Mar 2026+6.1%
2 Apr 2026−4.9%
10 Apr 2026−0.1%
17 Apr 2026−5.5%
24 Apr 2026−6.7%
30 Apr 2026−4.7%
8 May 2026−11.1%
15 May 2026−13.0%
22 May 2026−8.3%
29 May 2026−8.6%
4 Jun 2026−2.5%
5 Jun 2026−6.3%
10 Jun 2026−6.3%
12 Jun 2026−14.3%
17 Jun 2026+4.6%
19 Jun 2026−3.5%
24 Jun 2026−5.1%
25 Jun 2026−0.7%
1 Jul 2026−0.3%
3 Jul 2026−5.3%
10 Jul 2026+1.2%
17 Jul 2026−9.5%
24 Jul 2026−9.8%
31 Jul 2026+8.4%
7 Aug 2026+9.6%
14 Aug 2026+9.1%
21 Aug 2026+12.7%
28 Aug 2026+2.1%
4 Sep 2026+1.3%
11 Sep 2026−1.6%
18 Sep 2026+2.7%
25 Sep 2026+3.6%
1 Oct 2026+0.0%
9 Oct 2026−4.4%
16 Oct 2026+4.0%
23 Oct 2026+11.3%
30 Oct 2026−9.6%
6 Nov 2026+5.4%
Each bar is one week, from 2016 to now (551 weeks with a reading). Green means the stock's return over the previous 13 weeks beat the NIFTY 500; red means it trailed. The colour is strongest at a gap of 25 percentage points or more. A gap means there is no reading for that week.

Over the last 11 years the share price moved +756% while the NIFTY 500 moved +257%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

What changed at Balkrishna Industries this quarter?

Three changes stood out: profit grew again in the June 2026 quarter, highest quarterly revenue in 15 quarters and highest quarterly profit in 8 quarters.

  1. Profit grew again in the June 2026 quarter

    Profit was ₹451 crore, +56.6% on a year earlier (₹288 crore), after 5 quarters of decline.

    Why: Profit turned up because off-highway tire sales volume hit its highest quarterly level.

    Next results: check the Q2 margin after the full 5% price rise, since raw materials are expected to take about 2% off margin.

    From the earnings call on 30 Jul 2026.

  2. Highest quarterly revenue in 15 quarters

    Revenue of ₹3,455 crore in the June 2026 quarter is the highest of the last 15 quarters.

    Why: Revenue hit a record because off-highway tire sales volume was the highest for a quarter, up 16%, with decent demand across markets.

    Next results: check Americas demand and whether US share moves toward the 15% to 16% level management expects.

    From the earnings call on 30 Jul 2026.

  3. Highest quarterly profit in 8 quarters

    Profit of ₹451 crore in the June 2026 quarter is the highest of the last 8 quarters.

    Why: Profit was the highest in 8 quarters because off-highway tire sales volume hit its highest quarterly level.

    From the earnings call on 30 Jul 2026.

What are Balkrishna Industries' latest quarterly results?

For April to June 2026 (the quarter ended 30 June 2026), Balkrishna Industries reported revenue of ₹3,455 crore, up 25.2% from ₹2,760 crore a year earlier, and a profit of ₹451 crore, up 56.6% from ₹288 crore.

Balkrishna Industries results: April to June 2026 against a year earlier

Balkrishna Industries results: April to June 2026 against a year earlier
MeasureApril to June 2026April to June 2025Change
Revenue₹3,455 crore₹2,760 crore+25.2%
Profit₹451 crore₹288 crore+56.6%
Earnings per share₹23.32₹14.91+56.4%
Operating margin22.0%18.0%+4.0 points

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Balkrishna Industries' management discussed these results on a call held on 30 July 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

What is the Balkrishna Industries share price history?

Balkrishna Industries closed at ₹2,410.00 on 6 November 2026, up 3.8% from ₹2,321.60 a year earlier (7 November 2025) and down 1.1% over five years. Its highest weekly close since February 2016 was ₹3,292.35 on 2 August 2024.

Balkrishna Industries share price: then and now

Balkrishna Industries share price: then and now
WhenCloseChange to 6 Nov 2026
1 week ago · 30 Oct 2026₹2,072.30+16.3%
1 month ago · 9 Oct 2026₹2,010.40+19.9%
6 months ago · 8 May 2026₹2,262.50+6.5%
1 year ago · 7 Nov 2025₹2,321.60+3.8%
3 years ago · 3 Nov 2023₹2,543.65−5.3%
5 years ago · 4 Nov 2021₹2,437.30−1.1%
10 years ago · 4 Nov 2016₹495.30+386.6%
Earliest and lowest weekly close in our records · 26 Feb 2016₹281.65+755.7%
Highest weekly close since February 2016 · 2 Aug 2024₹3,292.35−26.8%
52-week high (weekly close) · 6 Feb 2026₹2,704.80−10.9%
52-week low (weekly close) · 9 Oct 2026₹2,010.40+19.9%

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 6 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

564 weekly closes from 26 February 2016 to 6 November 2026.

What is the latest news on Balkrishna Industries?

6 Nov 2026: Balkrishna Industries closed at ₹2,410.00, up 16.3% on the week and up 19.9% on the month. 4 Aug 2026: ex-date for an interim dividend of ₹4 a share.

Earlier

  • 30 Jul 2026: Balkrishna Industries held its results call for April to June 2026. Management guided: OHT and Americas growth momentum is expected to sustain in upcoming quarters; India actual volumes are expected to continue growing through product expansion and new off-highway segments.
  • 17 Jul 2026: ex-date for a dividend of ₹4 a share.
  • Results for April to June 2026: Revenue up 25.2% and profit up 56.6% on a year earlier.
  • 2 Feb 2026: ex-date for an interim dividend of ₹4 a share.

What dividend does Balkrishna Industries pay?

Balkrishna Industries paid ₹12 a share in regular dividends in the 12 months to 7 November 2026 (3 payments), a yield of 0.50% at the ₹2,410.00 close on 6 November 2026. The last was an interim dividend of ₹4 a share, ex-date 4 August 2026.

Balkrishna Industries dividends since 1 April 2021

Balkrishna Industries dividends since 1 April 2021
Ex-dateDividend per shareTypeRecord date
4 Aug 2026Interim₹4Interimsame day
17 Jul 2026Dividend₹4Dividendsame day
2 Feb 2026Interim₹4Interimsame day
7 Nov 2025Interim₹4Interimsame day
31 Jul 2025Interim₹4Interimsame day
11 Jul 2025Dividend₹4Dividend12 Jul 2025
30 Jan 2025Interim₹4Interimsame day
31 Oct 2024Interim₹4Interim2 Nov 2024
20 Aug 2024Interim₹4Interimsame day
5 Jul 2024Dividend₹4Dividend6 Jul 2024
2 Feb 2024Interim₹4Interimsame day
31 Oct 2023Interim₹4Interimsame day
11 Aug 2023Interim₹4Interim12 Aug 2023
11 Jul 2023Dividend₹4Dividendsame day
17 Feb 2023Interim₹4Interim18 Feb 2023
21 Nov 2022Interim₹4Interim22 Nov 2022
11 Aug 2022Interim₹4Interim13 Aug 2022
24 Jun 2022Dividend₹4Dividend27 Jun 2022
21 Feb 2022Interim + Special₹16Interim + Special22 Feb 2022
17 Nov 2021Interim₹4Interim19 Nov 2021
12 Aug 2021Interim₹4Interim14 Aug 2021
18 Jun 2021Dividend₹5Dividend21 Jun 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

5 of 5Of the last 5 financial years, years with an NSE dividend record

Yes. Balkrishna Industries Ltd paid out 25% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years.

From the NSE corporate-actions record, read 7 November 2026.

What did Balkrishna Industries management say on the latest results call?

On the call for April to June 2026, held on 30 July 2026, Balkrishna Industries' management guided: OHT and Americas growth momentum is expected to sustain in upcoming quarters; India actual volumes are expected to continue growing through product expansion and new off-highway segments.

“Regarding the vision of Rs 5,000 crore revenue from on-highway tires by 2030, we stand by that figure.”Satish Sharma, on the call for April to June 2026

What management guided

  • Full pass-through of the approximately 5.0% price hike taken during Q1 is expected in July to September 2026.
  • Around 5.0% raw-material inflation is expected to hit in Q3, with approximately 3.0% sales-price impact and around 2.0% margin impact in the coming quarter.
  • On-highway business is expected to ramp gradually from July to September 2026 as production, distribution and portfolio build progress; revenue and volume details were withheld.
  • On-highway tire revenue vision of ₹5,000 crore by 2030 was reaffirmed; FY27 is focused on portfolio building, with FY28 onward described as serious business.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 30 July 2026.

What to watch in Balkrishna Industries' next results?

When Balkrishna Industries reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Q2 operating margin after full pass-through of the 5.0% price hike, against management's indicated around 2.0% margin impact from raw-material inflation in the coming quarter.

Balkrishna Industries: what to watch next quarter
What to check (from the call)
Q2 operating margin after full pass-through of the 5.0% price hike, against management's indicated around 2.0% margin impact from raw-material inflation in the coming quarter.
Americas demand and any update to US share against the cited 3.0-4.0% current level and 15.0-16.0% recovery expectation.
TBR and two-wheeler sales ramp from Q2 after Q1 seeding, including trade and customer uptake despite management withholding revenue and volume details.
Incremental FY27 capital spending of ₹1,500-2,000 crores and progress on the approximately ₹3,000 crore balance, alongside the ₹1,725 crore net-debt position.

Which stock lists is Balkrishna Industries on?

Balkrishna Industries is on one of our India lists: Small & mid cap stocks.

Is Balkrishna Industries profitable?

Balkrishna Industries Ltd earned ₹451 Cr of net profit in the Jun 2026 quarter, +56.6% on the same quarter a year earlier. Full-year FY26 profit was ₹1,243 Cr. Over 10 years profit has grown 10.8% a year on average. That is 13.1% of the quarter's revenue. The same quarter a year earlier earned ₹288 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹1,243 Cr (−24.9% on the year before).

FY26 profit ₹1,243 Cr (−24.9% on the year before), 10.8% a year over 10 years

  • Net profit ₹1,243
FY26 profit ₹1,243 Cr (−24.9% on the year before), 10.8% a year over 10 years
QuarterNet profit
FY16₹446
FY17₹717
FY18₹736
FY19₹774
FY20₹960
FY21₹1,178
FY22₹1,435
FY23₹1,057
FY24₹1,471
FY25₹1,655
FY26₹1,243

Growth on a year earlier

  • Growth on a year earlier −24.9%
Growth on a year earlier
QuarterGrowth on a year earlier
FY16−5.7%
FY1760.8%
FY182.6%
FY195.2%
FY2024%
FY2122.7%
FY2221.8%
FY23−26.3%
FY2439.2%
FY2512.5%
FY26−24.9%
Top: net profit each year, ₹ Cr. Below: growth on the year before, %. 11-year window. A grey bar is lower than the year before.

Jun 2026: ₹451 Cr (+56.6% on a year earlier)

  • Net profit (quarterly) ₹451
Jun 2026: ₹451 Cr (+56.6% on a year earlier)
QuarterNet profit (quarterly)
Sep 2023₹347
Dec 2023₹305
Mar 2024₹487
Jun 2024₹490
Sep 2024₹347
Dec 2024₹449
Mar 2025₹369
Jun 2025₹288
Sep 2025₹273
Dec 2025₹382
Mar 2026₹299
Jun 2026₹451

Growth on a year earlier

  • Growth on a year earlier 56.6%
Growth on a year earlier
QuarterGrowth on a year earlier
Sep 2023−9.2%
Dec 2023182.4%
Mar 202487.3%
Jun 202447.6%
Sep 20240%
Dec 202447.2%
Mar 2025−24.2%
Jun 2025−41.2%
Sep 2025−21.3%
Dec 2025−14.9%
Mar 2026−19%
Jun 202656.6%
Top: net profit each quarter, ₹ Cr. Below: growth on the same quarter a year earlier, %. Last 12 quarters. A grey bar is lower than the quarter before.

Why profit moved: revenue changed +25.2% on a year earlier and the margin moved +4.0 percentage points. Most of the change came from keeping more of each sale.

On average over the last four quarters, profit changed +0.3% and revenue +9.4%. Profit is growing slower than sales: rising costs are taking part of the growth.

How much revenue does Balkrishna Industries make, and is it growing?

Balkrishna Industries Ltd reported ₹3,455 Cr of revenue in the Jun 2026 quarter, +25.2% on the same quarter a year earlier. That is the 3rd quarter in a row with growth on the year before. Over 10 years it has grown 12.8% a year on average. The last full year, FY26, came in at ₹10,823 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹11,518 Cr.

FY26 revenue was ₹10,823 Cr, +3.6% on the year before.

FY26 revenue ₹10,823 Cr (+3.6% on the year before), 12.8% a year over 10 years

  • Revenue ₹10,823
FY26 revenue ₹10,823 Cr (+3.6% on the year before), 12.8% a year over 10 years
QuarterRevenue
FY16₹3,237
FY17₹3,723
FY18₹4,444
FY19₹5,210
FY20₹4,811
FY21₹5,783
FY22₹8,295
FY23₹9,760
FY24₹9,369
FY25₹10,447
FY26₹10,823

Growth on a year earlier

  • Growth on a year earlier 3.6%
Growth on a year earlier
QuarterGrowth on a year earlier
FY16−15.1%
FY1715%
FY1819.4%
FY1917.2%
FY20−7.7%
FY2120.2%
FY2243.4%
FY2317.7%
FY24−4%
FY2511.5%
FY263.6%
Top: revenue each year, ₹ Cr. Below: growth on the year before, %. 11-year window. A grey bar is lower than the year before.

Jun 2026: ₹3,455 Cr (+25.2% on a year earlier), the 3rd quarter in a row of growth

  • Revenue (quarterly) ₹3,455
Jun 2026: ₹3,455 Cr (+25.2% on a year earlier), the 3rd quarter in a row of growth
QuarterRevenue (quarterly)
Sep 2023₹2,253
Dec 2023₹2,274
Mar 2024₹2,682
Jun 2024₹2,714
Sep 2024₹2,420
Dec 2024₹2,560
Mar 2025₹2,752
Jun 2025₹2,760
Sep 2025₹2,393
Dec 2025₹2,737
Mar 2026₹2,933
Jun 2026₹3,455

Growth on a year earlier

  • Growth on a year earlier 25.2%
Growth on a year earlier
QuarterGrowth on a year earlier
Sep 2023−15.2%
Dec 20235%
Mar 202415.8%
Jun 202425.7%
Sep 20247.4%
Dec 202412.6%
Mar 20252.6%
Jun 20251.7%
Sep 2025−1.1%
Dec 20256.9%
Mar 20266.6%
Jun 202625.2%
Top: revenue each quarter, ₹ Cr. Below: growth on the same quarter a year earlier, %. Last 12 quarters. A grey bar is lower than the quarter before.

Recent pace: the last four quarters grew +9.4% on average, against 12.8% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +9.8%, against +7.7% a year over the last 8 quarters (stabilising); profit over the last 12 months grew −3.3%, against −7.1% a year (accelerating).

How much of every ₹100 of sales does Balkrishna Industries keep?

Balkrishna Industries Ltd's operating margin was 22.0% in the Jun 2026 quarter, 4.0 percentage points higher than the same quarter a year ago. Across 13 years it has been between 18.0% and 31.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +3.2 percentage points on the year while gross margin changed −1.5 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

FY26: 21.0%, within a range of 18.0% to 31.0% over 13 years

  • Operating margin 21.0%
FY26: 21.0%, within a range of 18.0% to 31.0% over 13 years
QuarterOperating margin
FY1424%
FY1519%
FY1627%
FY1730%
FY1825%
FY1925%
FY2026%
FY2131%
FY2224%
FY2318%
FY2424%
FY2524%
FY2621%

Change on the year before (points)

  • Change on the year before (points) −3.0 pts
Change on the year before (points)
QuarterChange on the year before (points)
FY14–
FY15−5.0 pts
FY16+8.0 pts
FY17+3.0 pts
FY18−5.0 pts
FY190.0 pts
FY20+1.0 pts
FY21+5.0 pts
FY22−7.0 pts
FY23−6.0 pts
FY24+6.0 pts
FY250.0 pts
FY26−3.0 pts
Operating margin each year, % (top). Below: change on the year before, in percentage points. 13-year window.

Jun 2026: operating margin 22.0% (+4.0 points on a year earlier)

  • Operating margin 22.0%
Jun 2026: operating margin 22.0% (+4.0 points on a year earlier)
QuarterOperating margin
Sep 202324%
Dec 202324%
Mar 202425%
Jun 202424%
Sep 202424%
Dec 202423%
Mar 202522%
Jun 202518%
Sep 202521%
Dec 202524%
Mar 202622%
Jun 202622%

Change on a year earlier (points)

  • Change on a year earlier (points) +4.0 pts
Change on a year earlier (points)
QuarterChange on a year earlier (points)
Sep 2023–
Dec 2023+12.0 pts
Mar 2024+4.0 pts
Jun 2024+1.0 pts
Sep 20240.0 pts
Dec 2024−1.0 pts
Mar 2025−3.0 pts
Jun 2025−6.0 pts
Sep 2025−3.0 pts
Dec 2025+1.0 pts
Mar 20260.0 pts
Jun 2026+4.0 pts
Top: quarterly operating margin, %. Below: change on the same quarter a year earlier, in percentage points. Last 12 quarters. Operating profit as a share of revenue, each quarter.

Is Balkrishna Industries' profit turning into cash?

Over the last 3 years, 140% of Balkrishna Industries Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹2,249 Cr of operating cash against ₹1,243 Cr of profit.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

After ₹2,729 Cr of spending on assets, free cash was −₹480 Cr: it spent more than its operations brought in.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

FY26: operating cash ₹2,249 Cr against profit ₹1,243 Cr; 140% of 3 years' profit came in as cash

  • Operating cash ₹2,249
  • Net profit ₹1,243
  • Free cash −₹480
FY26: operating cash ₹2,249 Cr against profit ₹1,243 Cr; 140% of 3 years' profit came in as cash
QuarterOperating cashNet profitFree cash
FY16₹1,072₹446₹749
FY17₹847₹717₹674
FY18₹750₹736₹430
FY19₹820₹774₹69
FY20₹1,173₹960₹290
FY21₹1,339₹1,178₹592
FY22₹908₹1,435−₹598
FY23₹1,448₹1,057−₹622
FY24₹2,082₹1,471₹946
FY25₹1,764₹1,655₹417
FY26₹2,249₹1,243−₹480
Operating cash flow and net profit each year, ₹ Cr. The line is free cash flow: operating cash minus spending on assets. 11-year window, yearly figures.

FY26: operating cash was 181% of profit (140% over three years)

  • Operating cash as % of profit 181%
  • Break-even line 100%
FY26: operating cash was 181% of profit (140% over three years)
QuarterOperating cash as % of profitBreak-even line
FY16240%100%
FY17118%100%
FY18102%100%
FY19106%100%
FY20122%100%
FY21114%100%
FY2263%100%
FY23137%100%
FY24142%100%
FY25107%100%
FY26181%100%
Operating cash as a share of net profit, each year, % (line). The flat line marks 100%, meaning all of the profit came in as cash.

Why 140% of profit came in as cash: the cash cycle got 18 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives.

What to look at next: the bigger use of cash is spending on new assets, at 2.5× depreciation over three years. The next section checks what that spending is building.

Where does Balkrishna Industries' cash go?

Balkrishna Industries Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 111 days in FY26, up from 93 days in FY21. It spent ₹5,212 Cr on assets over the last 3 years. Customers take 49 days to pay, and stock sits for 126 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹10,823 Cr, each day of that cycle ties up about ₹29.7 Cr, so roughly ₹3,291 Cr is tied up in the business at any time.

FY26: customers took 49 days to pay and stock sat for 126 days, about 4.1 months of sales sitting as stock, for a full cycle of 111 days, longer than FY21's 93.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 126 days. Customers pay about 49 days after that. Suppliers are paid at 64 days. Together that makes the 111-day cycle.

FY26: a 111-day cash cycle, +18 days compared with FY21

  • Cash cycle 111d
  • Inventory days 126d
  • Debtor days 49d
  • Payable days 64d
FY26: a 111-day cash cycle, +18 days compared with FY21
QuarterCash cycleInventory daysDebtor daysPayable days
FY1491d114d59d82d
FY1558d76d56d74d
FY1658d102d43d88d
FY1764d110d40d87d
FY1875d105d39d70d
FY1992d113d36d58d
FY2084d105d45d65d
FY2193d148d48d103d
FY22130d162d48d80d
FY23129d124d42d37d
FY2499d108d56d66d
FY25126d129d52d54d
FY26111d126d49d64d
Debtor days, inventory days, payable days and the full cash cycle, each year. 13-year window.

Spending on assets: ₹5,212 Cr over the last 3 years, against ₹2,107 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹2,472 Cr (FY26): assets paid for that are not earning yet.

FY26: capex ₹2,729 Cr, work in progress ₹2,472 Cr, a build-out

  • Capex ₹2,729
  • Work-in-progress ₹2,472
FY26: capex ₹2,729 Cr, work in progress ₹2,472 Cr, a build-out
QuarterCapexWork-in-progress
FY16₹323₹231
FY17₹173₹110
FY18₹320₹119
FY19₹751₹600
FY20₹883₹587
FY21₹747₹856
FY22₹1,506₹1,258
FY23₹2,070₹1,392
FY24₹1,136₹944
FY25₹1,347₹986
FY26₹2,729₹2,472
Capital spending each year, ₹ Cr, with work in progress, ₹ Cr, as the line. Quarterly capital-spending figures are not available for India, so this is yearly.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

What is Balkrishna Industries' P/E ratio, and how does it compare with its own history?

Balkrishna Industries Ltd's P/E is 33.1×, in the middle of its own history: higher than 66% of past readings. Its usual P/E (the middle reading) is 30.8×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

P/E 33.1× against a usual 30.8×: in the middle of its own history: higher than 66% of past readings

  • P/E 28.5×
  • Median 30.8×
P/E 33.1× against a usual 30.8×: in the middle of its own history: higher than 66% of past readings
WeekP/EMedian
12 Feb 201612.1×30.8×
4 Mar 201612.1×30.8×
23 Mar 201612.7×30.8×
13 Apr 201612.8×30.8×
6 May 201613.3×30.8×
27 May 201614.0×30.8×
17 Jun 201613.8×30.8×
8 Jul 201613.7×30.8×
29 Jul 201615.8×30.8×
19 Aug 201616.2×30.8×
9 Sep 201619.4×30.8×
30 Sep 201622.0×30.8×
21 Oct 201622.7×30.8×
11 Nov 201621.7×30.8×
2 Dec 201626.4×30.8×
23 Dec 201622.8×30.8×
13 Jan 201723.4×30.8×
3 Feb 201724.7×30.8×
23 Feb 201726.4×30.8×
17 Mar 201730.6×30.8×
7 Apr 201730.2×30.8×
28 Apr 201733.0×30.8×
19 May 201732.5×30.8×
9 Jun 201734.5×30.8×
30 Jun 201736.0×30.8×
21 Jul 201735.3×30.8×
11 Aug 201732.8×30.8×
1 Sep 201724.8×30.8×
22 Sep 201725.1×30.8×
13 Oct 201726.0×30.8×
3 Nov 201726.3×30.8×
24 Nov 201731.2×30.8×
15 Dec 201737.4×30.8×
5 Jan 201836.4×30.8×
25 Jan 201833.7×30.8×
16 Feb 201833.9×30.8×
9 Mar 201831.1×30.8×
28 Mar 201832.2×30.8×
20 Apr 201839.1×30.8×
11 May 201836.0×30.8×
1 Jun 201833.6×30.8×
22 Jun 201829.9×30.8×
13 Jul 201831.9×30.8×
3 Aug 201834.2×30.8×
24 Aug 201836.2×30.8×
14 Sep 201831.5×30.8×
5 Oct 201827.1×30.8×
26 Oct 201828.1×30.8×
16 Nov 201825.8×30.8×
7 Dec 201824.2×30.8×
28 Dec 201824.8×30.8×
18 Jan 201923.6×30.8×
8 Feb 201920.6×30.8×
1 Mar 201924.2×30.8×
22 Mar 201924.7×30.8×
12 Apr 201925.7×30.8×
3 May 201924.2×30.8×
24 May 201920.0×30.8×
14 Jun 201919.1×30.8×
5 Jul 201918.9×30.8×
26 Jul 201918.5×30.8×
16 Aug 201919.2×30.8×
6 Sep 201919.3×30.8×
27 Sep 201920.6×30.8×
18 Oct 201922.4×30.8×
8 Nov 201922.7×30.8×
29 Nov 201922.1×30.8×
20 Dec 201922.6×30.8×
10 Jan 202024.9×30.8×
1 Feb 202025.0×30.8×
20 Feb 202027.8×30.8×
13 Mar 202022.4×30.8×
3 Apr 202017.0×30.8×
24 Apr 202019.0×30.8×
15 May 202020.7×30.8×
5 Jun 202025.5×30.8×
26 Jun 202025.0×30.8×
17 Jul 202025.2×30.8×
7 Aug 202031.6×30.8×
28 Aug 202029.2×30.8×
18 Sep 202029.5×30.8×
9 Oct 202029.7×30.8×
30 Oct 202028.5×30.8×
20 Nov 202032.5×30.8×
11 Dec 202033.5×30.8×
1 Jan 202133.0×30.8×
22 Jan 202133.8×30.8×
12 Feb 202130.1×30.8×
5 Mar 202129.1×30.8×
26 Mar 202129.9×30.8×
16 Apr 202130.7×30.8×
7 May 202133.4×30.8×
28 May 202136.0×30.8×
18 Jun 202138.1×30.8×
9 Jul 202137.9×30.8×
30 Jul 202139.4×30.8×
20 Aug 202131.4×30.8×
9 Sep 202134.5×30.8×
1 Oct 202135.7×30.8×
22 Oct 202134.9×30.8×
12 Nov 202132.0×30.8×
3 Dec 202129.9×30.8×
24 Dec 202129.8×30.8×
14 Jan 202233.8×30.8×
4 Feb 202231.0×30.8×
25 Feb 202223.7×30.8×
17 Mar 202228.6×30.8×
8 Apr 202228.4×30.8×
29 Apr 202228.8×30.8×
20 May 202228.5×30.8×
10 Jun 202229.6×30.8×
1 Jul 202229.7×30.8×
22 Jul 202231.1×30.8×
12 Aug 202229.9×30.8×
2 Sep 202227.3×30.8×
23 Sep 202225.9×30.8×
14 Oct 202226.1×30.8×
4 Nov 202226.2×30.8×
25 Nov 202227.9×30.8×
16 Dec 202229.3×30.8×
6 Jan 202330.5×30.8×
27 Jan 202329.3×30.8×
17 Feb 202333.4×30.8×
10 Mar 202333.4×30.8×
31 Mar 202332.2×30.8×
21 Apr 202333.6×30.8×
12 May 202336.1×30.8×
2 Jun 202341.8×30.8×
23 Jun 202343.9×30.8×
14 Jul 202347.0×30.8×
4 Aug 202347.5×30.8×
25 Aug 202342.4×30.8×
15 Sep 202345.3×30.8×
6 Oct 202345.7×30.8×
27 Oct 202347.5×30.8×
17 Nov 202347.5×30.8×
8 Dec 202347.5×30.8×
29 Dec 202347.4×30.8×
20 Jan 202447.5×30.8×
9 Feb 202435.8×30.8×
2 Mar 202435.2×30.8×
22 Mar 202435.4×30.8×
12 Apr 202437.2×30.8×
3 May 202438.0×30.8×
24 May 202440.0×30.8×
14 Jun 202442.6×30.8×
5 Jul 202446.9×30.8×
26 Jul 202447.5×30.8×
16 Aug 202433.6×30.8×
6 Sep 202435.3×30.8×
27 Sep 202436.1×30.8×
18 Oct 202435.5×30.8×
8 Nov 202433.6×30.8×
29 Nov 202433.0×30.8×
20 Dec 202433.0×30.8×
10 Jan 202532.4×30.8×
1 Feb 202530.0×30.8×
21 Feb 202529.5×30.8×
13 Mar 202527.2×30.8×
4 Apr 202526.1×30.8×
25 Apr 202527.5×30.8×
16 May 202529.5×30.8×
6 Jun 202529.1×30.8×
27 Jun 202528.8×30.8×
18 Jul 202537.1×30.8×
8 Aug 202532.3×30.8×
29 Aug 202530.5×30.8×
19 Sep 202533.6×30.8×
10 Oct 202530.3×30.8×
31 Oct 202532.0×30.8×
21 Nov 202532.6×30.8×
12 Dec 202532.9×30.8×
2 Jan 202633.2×30.8×
23 Jan 202633.8×30.8×
9 Feb 202640.1×30.8×
17 Feb 202637.5×30.8×
6 Mar 202633.2×30.8×
27 Mar 202631.7×30.8×
17 Apr 202634.3×30.8×
8 May 202635.2×30.8×
29 May 202634.7×30.8×
10 Jun 202632.4×30.8×
19 Jun 202634.9×30.8×
1 Jul 202633.7×30.8×
17 Jul 202638.8×30.8×
7 Aug 202633.9×30.8×
28 Aug 202632.2×30.8×
18 Sep 202631.2×30.8×
9 Oct 202627.6×30.8×
30 Oct 202628.5×30.8×

Earnings per share, 12 months

  • Earnings per share, 12 months ₹73
Earnings per share, 12 months
WeekEarnings per share, 12 months
12 Feb 2016–
4 Mar 2016–
23 Mar 2016₹24
13 Apr 2016₹24
6 May 2016₹24
27 May 2016₹24
17 Jun 2016₹24
8 Jul 2016₹24
29 Jul 2016₹24
19 Aug 2016₹24
9 Sep 2016₹24
30 Sep 2016₹23
21 Oct 2016₹23
11 Nov 2016₹23
2 Dec 2016₹23
23 Dec 2016₹23
13 Jan 2017₹23
3 Feb 2017₹23
23 Feb 2017₹23
17 Mar 2017₹23
7 Apr 2017₹23
28 Apr 2017₹23
19 May 2017₹23
9 Jun 2017₹23
30 Jun 2017₹23
21 Jul 2017₹23
11 Aug 2017₹23
1 Sep 2017₹23
22 Sep 2017₹33
13 Oct 2017₹33
3 Nov 2017₹33
24 Nov 2017₹33
15 Dec 2017₹33
5 Jan 2018₹33
25 Jan 2018₹33
16 Feb 2018₹33
9 Mar 2018₹33
28 Mar 2018₹33
20 Apr 2018₹33
11 May 2018₹33
1 Jun 2018₹33
22 Jun 2018₹37
13 Jul 2018₹37
3 Aug 2018₹37
24 Aug 2018₹37
14 Sep 2018₹37
5 Oct 2018₹37
26 Oct 2018₹37
16 Nov 2018₹37
7 Dec 2018₹37
28 Dec 2018₹37
18 Jan 2019₹37
8 Feb 2019₹37
1 Mar 2019₹37
22 Mar 2019₹37
12 Apr 2019₹37
3 May 2019₹37
24 May 2019₹37
14 Jun 2019₹37
5 Jul 2019₹39
26 Jul 2019₹39
16 Aug 2019₹39
6 Sep 2019₹39
27 Sep 2019₹38
18 Oct 2019₹38
8 Nov 2019₹38
29 Nov 2019₹38
20 Dec 2019₹42
10 Jan 2020₹42
1 Feb 2020₹42
20 Feb 2020₹42
13 Mar 2020₹42
3 Apr 2020₹46
24 Apr 2020₹46
15 May 2020₹46
5 Jun 2020₹46
26 Jun 2020₹50
17 Jul 2020₹50
7 Aug 2020₹50
28 Aug 2020₹50
18 Sep 2020₹47
9 Oct 2020₹47
30 Oct 2020₹47
20 Nov 2020₹47
11 Dec 2020₹47
1 Jan 2021₹50
22 Jan 2021₹50
12 Feb 2021₹50
5 Mar 2021₹50
26 Mar 2021₹55
16 Apr 2021₹55
7 May 2021₹55
28 May 2021₹55
18 Jun 2021₹60
9 Jul 2021₹60
30 Jul 2021₹60
20 Aug 2021₹60
9 Sep 2021₹60
1 Oct 2021₹71
22 Oct 2021₹71
12 Nov 2021₹71
3 Dec 2021₹71
24 Dec 2021₹74
14 Jan 2022₹74
4 Feb 2022₹74
25 Feb 2022₹74
17 Mar 2022₹75
8 Apr 2022₹75
29 Apr 2022₹75
20 May 2022₹75
10 Jun 2022₹75
1 Jul 2022₹73
22 Jul 2022₹73
12 Aug 2022₹73
2 Sep 2022₹73
23 Sep 2022₹73
14 Oct 2022₹73
4 Nov 2022₹73
25 Nov 2022₹73
16 Dec 2022₹73
6 Jan 2023₹73
27 Jan 2023₹73
17 Feb 2023₹73
10 Mar 2023₹73
31 Mar 2023₹61
21 Apr 2023₹61
12 May 2023₹61
2 Jun 2023₹61
23 Jun 2023₹55
14 Jul 2023₹55
4 Aug 2023₹55
25 Aug 2023₹55
15 Sep 2023₹55
6 Oct 2023₹56
27 Oct 2023₹56
17 Nov 2023₹56
8 Dec 2023₹56
29 Dec 2023₹54
20 Jan 2024₹54
9 Feb 2024₹54
2 Mar 2024₹54
22 Mar 2024₹64
12 Apr 2024₹64
3 May 2024₹64
24 May 2024₹64
14 Jun 2024₹64
5 Jul 2024₹68
26 Jul 2024₹68
16 Aug 2024₹68
6 Sep 2024₹68
27 Sep 2024₹84
18 Oct 2024₹84
8 Nov 2024₹84
29 Nov 2024₹84
20 Dec 2024₹84
10 Jan 2025₹84
1 Feb 2025₹84
21 Feb 2025₹84
13 Mar 2025₹84
4 Apr 2025₹92
25 Apr 2025₹92
16 May 2025₹92
6 Jun 2025₹92
27 Jun 2025₹86
18 Jul 2025₹86
8 Aug 2025₹86
29 Aug 2025₹86
19 Sep 2025₹75
10 Oct 2025₹75
31 Oct 2025₹75
21 Nov 2025₹75
12 Dec 2025₹75
2 Jan 2026₹71
23 Jan 2026₹71
9 Feb 2026₹71
17 Feb 2026₹71
6 Mar 2026₹71
27 Mar 2026₹68
17 Apr 2026₹68
8 May 2026₹68
29 May 2026₹68
10 Jun 2026₹68
19 Jun 2026₹64
1 Jul 2026₹64
17 Jul 2026₹64
7 Aug 2026₹64
28 Aug 2026₹64
18 Sep 2026₹73
9 Oct 2026₹73
30 Oct 2026₹73
Top: P/E each week. Below: earnings per share, trailing twelve months, leaving out one-off items, a step line that moves once a quarter; 11 years of history; short peaks above 48× are drawn at the top edge.

PEG 2.38: above 1.0, so the P/E is bigger than the earnings growth rate

  • PEG 2.38×
  • PEG = 1.0 1.00×
PEG 2.38: above 1.0, so the P/E is bigger than the earnings growth rate
QuarterPEGPEG = 1.0
Q3 FY246.00×1.00×
Q4 FY240.78×1.00×
Q1 FY250.76×1.00×
Q2 FY250.65×1.00×
Q3 FY250.75×1.00×
Q4 FY252.38×1.00×
PEG each quarter: the P/E divided by the yearly growth rate of earnings. The flat line marks 1.0. Below it the P/E is smaller than the growth rate; above it the P/E is bigger. Worked out here as the quarter-end P/E divided by the growth in earnings per share over the last 12 months (only quarters with positive growth), because a reported quarterly PEG is not available for this stock. Last 6 quarters; values above 6 are drawn at the top edge.
33.1×P/E · higher than 66% of its last 11 years
1.25PEG · today, derived from 3-year earnings growth

Why the multiple is where it is: over the past year earnings per share moved −24.9% while the price moved +3.8%. The price did better than earnings, which pushed the multiple up within its own range.

Where the price move came from: over 5 years the price moved −0.2% a year; about +0.4% a year came from earnings growth and about −0.6 percentage points from the multiple (roughly no change); over 10 years the price moved +17.1% a year; about +12.2% a year came from earnings growth and about +4.9 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple.

In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple.

Is the Balkrishna Industries business getting better or worse?

Balkrishna Industries Ltd's business is giving mixed signals. Profit and EPS growth are shrinking while ROCE is steady at 16.5%, so growth and returns point different ways. This is based on 12 quarters of 4 measures.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Growth year by year: revenue +3.6% in FY26, profit −24.9%

  • Revenue growth 3.6%
Growth year by year: revenue +3.6% in FY26, profit −24.9%
QuarterRevenue growth
FY16−15.1%
FY1715%
FY1819.4%
FY1917.2%
FY20−7.7%
FY2120.2%
FY2243.4%
FY2317.7%
FY24−4%
FY2511.5%
FY263.6%

Profit growth, EPS growth

  • Profit growth −24.9%
  • EPS growth −24.9%
Profit growth, EPS growth
QuarterProfit growthEPS growth
FY16−5.7%−5.7%
FY1760.8%60.8%
FY182.6%2.6%
FY195.2%5.1%
FY2024%24%
FY2122.7%22.7%
FY2221.8%21.9%
FY23−26.3%−26.3%
FY2439.2%39.2%
FY2512.5%12.5%
FY26−24.9%−24.9%
Growth on the year before, each year, %. Top: revenue. Below: net profit and earnings per share, on their own scale because profit growth swings much more. Zero line drawn.

Three growth lines over twelve quarters: revenue stabilising, profit accelerating

  • Revenue 9.8%
Three growth lines over twelve quarters: revenue stabilising, profit accelerating
QuarterRevenue
Sep 2023−8.3%
Dec 2023−8.3%
Mar 2024−4%
Jun 20246.7%
Sep 202413.4%
Dec 202415.3%
Mar 202511.5%
Jun 20255.7%
Sep 20253.7%
Dec 20252.6%
Mar 20263.6%
Jun 20269.8%

Profit, EPS

  • Profit −3.3%
  • EPS −3.3%
Profit, EPS
QuarterProfitEPS
Sep 2023−25.4%−25.3%
Dec 20236.1%6.2%
Mar 202439.2%39.2%
Jun 202450.6%50.6%
Sep 202455.6%55.5%
Dec 202442.5%42.5%
Mar 202512.5%12.5%
Jun 2025−10.8%−10.8%
Sep 2025−15.3%−15.3%
Dec 2025−26%−26%
Mar 2026−25%−24.9%
Jun 2026−3.3%−3.3%
Growth on a year earlier, % at each quarter end. Top: revenue. Below: profit and earnings per share, on their own scale because they swing much more. Each is measured over the last 12 months. A gap means there is no reading for that quarter.

ROCE: the return line, worked out each quarter

  • ROCE 16.5%
ROCE: the return line, worked out each quarter
QuarterROCE
Sep 202316.1%
Dec 202319.1%
Mar 202421.6%
Jun 202423.8%
Sep 202422.8%
Dec 202424.5%
Mar 202521.6%
Jun 202519.4%
Sep 202517.7%
Dec 202516.9%
Mar 202614.8%
Jun 202616.5%
Operating profit over the last 12 months (before interest and tax) as a share of average capital employed (total assets minus current liabilities), %.
Steady highRevenue growth · latest +9.8%, range −8.3% to +15.3%
FlatProfit growth · latest −3.3%, range −26.0% to +55.6%
FlatEPS growth · latest −3.3%, range −26.0% to +55.5%
Steady highROCE · latest 16.5%, range 14.8% to 24.5%

Why it matters: when the lines disagree, each line above matters more than any single label.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Compound annual growth rate (%)
Measure1yr3yr5yr10yr
Revenue+3.6%+3.5%+13.4%+12.8%
Profit−24.9%+5.6%+1.1%+10.8%
EPS−24.9%+5.5%+1.1%+10.8%
Share price+3.8%−1.8%−0.2%+17.1%
+25.2%Revenue growth (Jun 2026) · latest quarter against a year ago
+56.6%Profit growth (Jun 2026) · latest quarter against a year ago
12.8%Revenue, 10 years · yearly growth over the long run

How much does Balkrishna Industries earn on its capital?

Balkrishna Industries Ltd earned a ROCE of 11% in FY26. Its return on capital used (ROIC) is 1.4 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 11.5% net margin and 0.61× asset turnover (sales divided by assets).

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

Why the return is what it is (FY26): a 11.5% net margin × 0.61× asset turnover × 1.62× leverage (assets divided by equity) ≈ 11.4% on equity. The margin does its share; borrowing is a big part of it.

The key test, return on capital used minus the cost of capital: 10.6% − 12.0% = −1.4 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve.

FY26: ROCE 11%, the full history

  • ROCE 11%
  • ROIC (annual) 10.7%
  • Cost of capital 12%
FY26: ROCE 11%, the full history
QuarterROCEROIC (annual)Cost of capital
FY1418%–12%
FY1517%–12%
FY1615%–12%
FY1720%–12%
FY1822%–12%
FY1922%–12%
FY2017%–12%
FY2124%–12%
FY2224%14.7%12%
FY2314%9%12%
FY2416%11.8%12%
FY2517%12%12%
FY2611%10.7%12%
Return on capital employed each year, % (line); ROIC each year, % (line). 13-year window, low years included. The flat line is the 12.0% cost of capital used on this page.

Q2 FY27: ROCE 15.3% (last 12 months) against a 12.0% cost of capital

  • ROCE (12 months) 15.3%
  • ROIC (12 months) 11.3%
  • Cost of capital 12.0%
Q2 FY27: ROCE 15.3% (last 12 months) against a 12.0% cost of capital
QuarterROCE (12 months)ROIC (12 months)Cost of capital
Q3 FY24–10.8%12%
Q4 FY2416%11.8%12%
Q1 FY25–13%12%
Q2 FY2517.1%13%12%
Q3 FY25–13.3%12%
Q4 FY2515.6%12%12%
Q1 FY26–10.7%12%
Q2 FY2612.9%9.6%12%
Q3 FY26–9.8%12%
Q4 FY2614.3%10.7%12%
Q1 FY27–12.1%12%
Q2 FY2715.3%11.3%12%
ROCE and ROIC over the last 12 months, each quarter, %; the flat line is the cost of capital. Last 12 quarters, lined up with the yearly figure.

Does Balkrishna Industries have too much debt?

Balkrishna Industries Ltd has total debt of ₹6,052 Cr against shareholder equity of ₹11,664 Cr as of Sep 2026, so its debt is 0.52× its equity. Year by year, that ratio went from 0.36 in FY22 to 0.38 in FY26. Keep that borrowing in mind when reading the returns on this page.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

FY26: debt ₹4,111 Cr, 0.38× equity

  • Total debt ₹4,111
FY26: debt ₹4,111 Cr, 0.38× equity
QuarterTotal debt
FY22₹2,529
FY23₹3,347
FY24₹3,099
FY25₹3,267
FY26₹4,111

Debt-to-equity

  • Debt-to-equity 0.38×
Debt-to-equity
QuarterDebt-to-equity
FY220.36×
FY230.44×
FY240.35×
FY250.31×
FY260.38×
Top: total debt each year, ₹ Cr. Below: debt-to-equity, ×. 5-year window.

Sep 2026: debt ₹6,052 Cr, debt-to-equity 0.52

  • Total debt (quarterly) ₹6,052
Sep 2026: debt ₹6,052 Cr, debt-to-equity 0.52
QuarterTotal debt (quarterly)
Dec 2023₹2,916
Mar 2024₹3,099
Jun 2024₹3,099
Sep 2024₹3,122
Dec 2024₹3,122
Mar 2025₹3,267
Jun 2025₹3,267
Sep 2025₹3,682
Dec 2025₹3,682
Mar 2026₹4,111
Jun 2026₹4,111
Sep 2026₹6,052

Debt-to-equity

  • Debt-to-equity 0.52×
Debt-to-equity
QuarterDebt-to-equity
Dec 20230.35×
Mar 20240.35×
Jun 20240.35×
Sep 20240.33×
Dec 20240.33×
Mar 20250.31×
Jun 20250.31×
Sep 20250.35×
Dec 20250.35×
Mar 20260.38×
Jun 20260.38×
Sep 20260.52×
Top: total debt each quarter, ₹ Cr. Below: debt-to-equity, ×. Last 12 quarters. Indian companies report the full balance sheet every six months, so the quarter in between repeats the last reading.

What is the Balkrishna Industries shareholding pattern?

Foreign institutions cut their stake in Balkrishna Industries Ltd by 2.7 percentage points over 8 quarters, the biggest change among its owners. Foreign institutions now own 9.1% of the company. Domestic institutions moved +2.1 points over the same period, to 25.4%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Foreign institutions: −2.7 points over 8 quarters, to 9.1%; Domestic institutions: +2.1 points over 8 quarters, to 25.4%; Promoters: +0.0 points over 8 quarters, to 58.3%.

Why the owners changed: foreign institutions moved −2.7 points and domestic institutions +2.1 points over 8 quarters, while promoters stayed about the same. One group of institutions took over shares from the other; it is not a change of mind by the people running the company.

Year ends: domestic institutions +2.3 points from Mar 2024 to Mar 2026

  • Promoters 58.3%
  • Foreign inst. 11.13%
  • Domestic inst. 24.25%
  • Public 6.32%
Year ends: domestic institutions +2.3 points from Mar 2024 to Mar 2026
QuarterPromotersForeign inst.Domestic inst.Public
Mar 202458.3%12.24%21.97%7.38%
Mar 202558.3%11.46%23.63%6.46%
Mar 202658.3%11.13%24.25%6.32%
Shareholding at each year end (March quarter), % of the company. 3 year ends on file.

Foreign institutions cut their stake by 2.7 points over 8 quarters

  • Promoters 58.3%
  • Foreign inst. 9.06%
  • Domestic inst. 25.45%
  • Public 7.18%
Foreign institutions cut their stake by 2.7 points over 8 quarters
QuarterPromotersForeign inst.Domestic inst.Public
Sep 202358.3%12.53%21.11%7.94%
Dec 202358.3%12.69%21.32%7.59%
Mar 202458.3%12.24%21.97%7.38%
Jun 202458.3%12.61%22.29%6.65%
Sep 202458.3%11.72%23.31%6.52%
Dec 202458.3%11.28%23.81%6.46%
Mar 202558.3%11.46%23.63%6.46%
Jun 202558.3%10.5%24.71%6.37%
Sep 202558.3%10.7%24.55%6.31%
Dec 202558.3%11%24.42%6.29%
Mar 202658.3%11.13%24.25%6.32%
Jun 202658.3%10.33%24.6%6.77%
Sep 202658.3%9.06%25.45%7.18%
Shareholding by owner group, % of the company, each quarter, last 13 quarters.

How far is Balkrishna Industries from balance-sheet trouble?

For Balkrishna Industries Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

How does Balkrishna Industries rank in its industry?

45.3 out of 100, rank 8 of 8 in Tyres & Tubes, with 100% of the evidence available.

Balkrishna Industries Ltd scores 45.3 out of 100 against the 8 companies it is compared with in Tyres & Tubes, ranking 8. The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far.

The four parts add up to the total exactly: 11.6 + 9 + 14 + 10.7 = 45.3. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

Which companies is Balkrishna Industries compared with?

Balkrishna Industries ranks 8 of 8 Tyres & Tubes companies on the 4-Factor Sector Score, with 45.3 out of 100.

  1. 1MRF LtdMRF · quiet · Most evidence points up · 81% evidence65.2out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 21.9/35 · Revenue 11.4% · Profit 34.5% · Operating margin change -2 points · 88% evidenceCapital efficiency 18.5/25 · ROCE 15.7% · Operating margin 12% · 100% evidenceValuation 15.9/20 · P/E 20.1× · PEG 0.69 · 100% evidenceRelative strength 8.9/20 · Lead over its industry — · Lead over NIFTY 500 -9.5% · 1 year -25.9% · 25% evidence · 0 of 12 weeks aheadExact sum: 21.9 + 18.5 + 15.9 + 8.9 = 65.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  2. 2CEAT LtdCEATLTD · basing · Evidence leans up · 85% evidence58.0out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 17.0/35 · Revenue 24.5% · Profit 4.3% · Operating margin change -3 points · 100% evidenceCapital efficiency 18.1/25 · ROCE 19.2% · Operating margin 10% · 100% evidenceValuation 13.5/20 · P/E 21.8× · PEG 0.55 · 100% evidenceRelative strength 9.4/20 · Lead over its industry — · Lead over NIFTY 500 -9% · 1 year -23.4% · 25% evidence · 2 of 12 weeks aheadExact sum: 17 + 18.1 + 13.5 + 9.4 = 58 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  3. 3Rajratan Global Wire LtdRAJRATAN · losing its lead · Evidence leans up · 100% evidence57.5out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 22.9/35 · Revenue 29.2% · Profit 40.7% · Operating margin change -2 points · 100% evidenceCapital efficiency 12.7/25 · ROCE 13.2% · Operating margin 12% · 100% evidenceValuation 9.3/20 · P/E 25.9× · PEG 1.33 · 100% evidenceRelative strength 12.6/20 · Lead over its industry 5.3% · Lead over NIFTY 500 -0.4% · 1 year -1.7% · 100% evidence · 7 of 12 weeks aheadExact sum: 22.9 + 12.7 + 9.3 + 12.6 = 57.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  4. 4TVS Srichakra LtdTVSSRICHAK · breaking out · Evidence leans down · 81% evidence48.3out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 28.8/35 · Revenue 18.6% · Profit 100% · Operating margin change 2 points · 88% evidenceCapital efficiency 5.5/25 · ROCE 7.8% · Operating margin 8% · 100% evidenceValuation 1.8/20 · P/E 30.6× · PEG 5.11 · 100% evidenceRelative strength 12.2/20 · Lead over its industry — · Lead over NIFTY 500 3.5% · 1 year -1.5% · 25% evidence · 12 of 12 weeks aheadExact sum: 28.8 + 5.5 + 1.8 + 12.2 = 48.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  5. 5JK Tyre & Industries LtdJKTYRE · quiet · Evidence leans down · 67% evidence48.0out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 15.7/35 · Revenue 12.5% · Profit -8.7% · Operating margin change -6 points · 95% evidenceCapital efficiency 13.3/25 · ROCE 15.5% · Operating margin 7% · 76% evidenceValuation 11.5/20 · P/E 15.5× · PEG — · 50% evidenceRelative strength 7.5/20 · Lead over its industry — · Lead over NIFTY 500 -24.6% · 1 year -30.1% · 25% evidence · 0 of 12 weeks aheadExact sum: 15.7 + 13.3 + 11.5 + 7.5 = 48 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  6. 6Goodyear India LtdGOODYEAR · quiet · Evidence leans down · 81% evidence46.1out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 12.8/35 · Revenue 0.8% · Profit 21.9% · Operating margin change -3 points · 88% evidenceCapital efficiency 14.1/25 · ROCE 17.4% · Operating margin 1.3% · 100% evidenceValuation 11.2/20 · P/E 24.9× · PEG 0.64 · 100% evidenceRelative strength 8.0/20 · Lead over its industry — · Lead over NIFTY 500 -10.7% · 1 year -32.1% · 25% evidence · 0 of 12 weeks aheadExact sum: 12.8 + 14.1 + 11.2 + 8 = 46.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  7. 7Apollo Tyres LtdAPOLLOTYRE · quiet · Evidence leans down · 85% evidence45.8out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 15.3/35 · Revenue 11.2% · Profit 100% · Operating margin change -9 points · 100% evidenceCapital efficiency 10.1/25 · ROCE 13.9% · Operating margin 6% · 100% evidenceValuation 12.0/20 · P/E 11.3× · PEG 2.16 · 100% evidenceRelative strength 8.4/20 · Lead over its industry — · Lead over NIFTY 500 -10.3% · 1 year -24.3% · 25% evidence · 5 of 12 weeks aheadExact sum: 15.3 + 10.1 + 12 + 8.4 = 45.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  8. 8Balkrishna Industries Ltd this pageBALKRISIND · quiet · Evidence leans down · 100% evidence45.3out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 11.6/35 · Revenue 9.8% · Profit -3.3% · Operating margin change -8 points · 100% evidenceCapital efficiency 9.0/25 · ROCE 11.2% · Operating margin 13% · 100% evidenceValuation 14.0/20 · P/E 28.5× · PEG 0.66 · 100% evidenceRelative strength 10.7/20 · Lead over its industry 1.4% · Lead over NIFTY 500 -4% · 1 year -9.1% · 100% evidence · 4 of 12 weeks aheadExact sum: 11.6 + 9 + 14 + 10.7 = 45.3 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far.

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: Tyres & Tubes, all 8 compared on one page.

Which companies are close to Balkrishna Industries in size?

Balkrishna Industries is the 2nd largest of 8 Tyres & Tubes companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: MRF. Just below it: Apollo Tyres, CEAT, JK Tyre & Industries, TVS Srichakra and Rajratan Global Wire.

Tyres & Tubes companies close in size

  1. MRF Ltd ₹49,526 crore
  2. Balkrishna Industries Ltd ₹40,067 crore
  3. Apollo Tyres Ltd ₹24,099 crore
  4. CEAT Ltd ₹12,488 crore
  5. JK Tyre & Industries Ltd ₹8,701 crore
  6. TVS Srichakra Ltd ₹3,139 crore
  7. Rajratan Global Wire Ltd ₹2,155 crore

All 8 Tyres & Tubes companies, largest first

Companies close in size in other industries

  1. Authum Investment & Infrastructure Ltd ₹41,795 crore · Finance & Investments - Others
  2. Poonawalla Fincorp Ltd ₹40,657 crore · Conglomerate Backed NBFC
  3. Balkrishna Industries Ltd ₹40,067 crore
  4. Supreme Industries Ltd ₹40,013 crore · Building Materials - Plastic Pipes
  5. K P R Mill Ltd ₹39,925 crore · Textiles - Spinning

What else do people ask about Balkrishna Industries?

What is Balkrishna Industries's share price today?

Balkrishna Industries Ltd's share price is ₹2,410.00, +3.8% over the past year. The whole company is worth ₹46,581 Cr on the market.

In the last 52 weeks it traded between ₹2,010 to ₹2,705; today it is 58% of the way up from the low, 7.4% above its 200-day average (as of 6 November 2026).

What were Balkrishna Industries's latest quarterly results?

Balkrishna Industries Ltd reported revenue of ₹3,455 Cr and net profit of ₹451 Cr for the Jun 2026 quarter. Revenue rose 25.2% and profit rose 56.6% compared with a year earlier. Earnings per share were ₹23.32.

The operating margin was 22.0%, 4.0 percentage points higher than a year earlier (as of 6 November 2026).

What is Balkrishna Industries's market cap?

Balkrishna Industries Ltd's market capitalisation is ₹46,581 Cr at a share price of ₹2,410.00. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 6 November 2026).

How is Balkrishna Industries performing?

Balkrishna Industries Ltd's share price has been falling for 3 weeks. In its latest quarter, revenue rose 25.2% and profit rose 56.6% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 1 week running (as of 6 November 2026).

Will Balkrishna Industries's share price go up?

This page does not forecast Balkrishna Industries Ltd's share price. What it shows instead: the share price is ₹2,410.00, and it has been falling for 3 weeks. Its P/E of 33.1× is higher than 66% of its own last 11 years (as of 6 November 2026).

Who owns Balkrishna Industries?

Promoters own 58.3% of Balkrishna Industries Ltd, foreign institutions 9.1%, domestic institutions 25.4% and the public 7.2% (latest quarter). The biggest change over the last two years: Foreign institutions cut their stake by 2.7 percentage points over 8 quarters (as of 6 November 2026).

Does Balkrishna Industries have too much debt?

Balkrishna Industries Ltd has a moderate amount of debt: its debt is 0.38× its equity, and its operating profit is 17 times its interest bill. FY26 borrowings were ₹4,111 Cr against equity of ₹10,956 Cr.

Keep that borrowing in mind when reading the returns on this page (as of 6 November 2026).

Where is Balkrishna Industries in its business cycle?

Balkrishna Industries Ltd's FY26 operating margin was 21.0%, against a 13-year range of 18.0% to 31.0%: the low end of its own range, which is often where recoveries start. The latest quarter was 22.0%.

Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 6 November 2026).

What could break the Balkrishna Industries story?

The main question: the share price moved +3.8% in a year while yearly earnings per share moved −24.9%. The difference came from the market paying a higher multiple.

On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 6 November 2026).

Is Balkrishna Industries a stock worth studying right now?

What the numbers show: Balkrishna Industries Ltd's share price has risen faster than its earnings: +3.8% in a year, against −24.9% for earnings per share. The main open question: whether earnings grow into a price that has already moved.

Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 6 November 2026).

Is there a Balkrishna Industries share price forecast for 2026?

What management itself guided: OHT and Americas growth momentum is expected to sustain in upcoming quarters; India actual volumes are expected to continue growing through product expansion and new off-highway segments.

Where do these numbers come from?

Sector Alpha, written by code from the published numbers. Data as of 6 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

See the plain-text version of this page.

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