# Balkrishna Industries share price today (Balkrishna Industries Ltd, NSE: BALKRISIND)

> Balkrishna Industries share price today: ₹2,243.70 at the NSE close on 4 November 2026, down 3.4% in a year. Balkrishna Industries (NSE: BALKRISIND) is worth ₹43,366 crore, trades at a P/E of 30.9 and has closed between ₹2,010.40 and ₹2,704.80 over the past 52 weeks. > Balkrishna Industries Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. BALKRISIND · Tyres & Tubes · data as of 4 November 2026. Page: https://www.sectoralpha.in/stocks/balkrishna-industries-ltd

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## Key numbers

- Business trend: Mixed, from the last 12 quarters
- Price: ₹2,243.70 (−3.4% in a year)
- P/E: 30.9× (higher than 50% of the last 11 years)
- Revenue (Jun 2026): ₹3,455 Cr (+25.2% on a year ago)
- Profit (Jun 2026): ₹451 Cr (+56.6% on a year ago)
- Operating margin: 22.0% (+4.0 points on a year ago)
- ROCE: 11%, FY26
- ROIC: 11.3%, against a 12.0% cost of capital: −0.7 points

The main question: foreign institutions moved −2.7 percentage points over 8 quarters while the business went the other way. ## What is the Balkrishna Industries share price today? Balkrishna Industries Ltd's share price was ₹2,243.70 at the close on 4 November 2026. It has been falling for 3 weeks. That is 0.1% below 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 34% of the way up from that low. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 2 weeks running. Over the last 11 years the share price moved +697% while the NIFTY 500 moved +257%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 23 October 2026. 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

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| 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 margin | 22.0% | 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 ₹2,243.70 on 4 November 2026, down 3.4% from ₹2,321.60 a year earlier (7 November 2025) and down 7.9% 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

| When | Close | Change to 4 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 30 Oct 2026 | ₹2,072.30 | +8.3% |
| 1 month ago · 1 Oct 2026 | ₹2,081.80 | +7.8% |
| 6 months ago · 8 May 2026 | ₹2,262.50 | −0.8% |
| 1 year ago · 7 Nov 2025 | ₹2,321.60 | −3.4% |
| 3 years ago · 3 Nov 2023 | ₹2,543.65 | −11.8% |
| 5 years ago · 4 Nov 2021 | ₹2,437.30 | −7.9% |
| 10 years ago · 4 Nov 2016 | ₹495.30 | +353.0% |
| Earliest and lowest weekly close in our records · 26 Feb 2016 | ₹281.65 | +696.6% |
| Highest weekly close since February 2016 · 2 Aug 2024 | ₹3,292.35 | −31.9% |
| 52-week high (weekly close) · 6 Feb 2026 | ₹2,704.80 | −17.0% |
| 52-week low (weekly close) · 9 Oct 2026 | ₹2,010.40 | +11.6% |

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 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (564 weekly closes from 26 February 2016 to 4 November 2026.)

## What is the latest news on Balkrishna Industries? 4 Nov 2026: Balkrishna Industries closed at ₹2,243.70, up 8.3% on the week and up 7.8% 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. - 7 Nov 2025: ex-date for an interim dividend of ₹4 a share. ## What dividend does Balkrishna Industries pay? Balkrishna Industries paid ₹16 a share in regular dividends in the 12 months to 5 November 2026 (4 payments), a yield of 0.71% at the ₹2,243.70 close on 4 November 2026. The last was an interim dividend of ₹4 a share, ex-date 4 August 2026. ### Balkrishna Industries dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 4 Aug 2026 | ₹4 | Interim | same day |
| 17 Jul 2026 | ₹4 | Dividend | same day |
| 2 Feb 2026 | ₹4 | Interim | same day |
| 7 Nov 2025 | ₹4 | Interim | same day |
| 31 Jul 2025 | ₹4 | Interim | same day |
| 11 Jul 2025 | ₹4 | Dividend | 12 Jul 2025 |
| 30 Jan 2025 | ₹4 | Interim | same day |
| 31 Oct 2024 | ₹4 | Interim | 2 Nov 2024 |
| 20 Aug 2024 | ₹4 | Interim | same day |
| 5 Jul 2024 | ₹4 | Dividend | 6 Jul 2024 |
| 2 Feb 2024 | ₹4 | Interim | same day |
| 31 Oct 2023 | ₹4 | Interim | same day |
| 11 Aug 2023 | ₹4 | Interim | 12 Aug 2023 |
| 11 Jul 2023 | ₹4 | Dividend | same day |
| 17 Feb 2023 | ₹4 | Interim | 18 Feb 2023 |
| 21 Nov 2022 | ₹4 | Interim | 22 Nov 2022 |
| 11 Aug 2022 | ₹4 | Interim | 13 Aug 2022 |
| 24 Jun 2022 | ₹4 | Dividend | 27 Jun 2022 |
| 21 Feb 2022 | ₹16 | Interim + Special | 22 Feb 2022 |
| 17 Nov 2021 | ₹4 | Interim | 19 Nov 2021 |
| 12 Aug 2021 | ₹4 | Interim | 14 Aug 2021 |
| 18 Jun 2021 | ₹5 | Dividend | 21 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 5 Of 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 5 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](https://files.tijoristack.ai/concall/transcript/476-30-Jul-2026.pdf). (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. - 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. [Small & mid cap stocks Size rank in India: 222](https://www.sectoralpha.in/small-cap-stocks-india)

## 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. For the full year, FY26 profit was ₹1,243 Cr (−24.9% on the year 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. The last four reported quarters add to ₹11,518 Cr. FY26 revenue was ₹10,823 Cr, +3.6% on the year 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. 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. ## 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. 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. 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. 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. 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. 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 30.9×, in the middle of its own history: higher than 50% 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. Why the multiple is where it is: over the past year earnings per share moved −24.9% while the price moved −3.4%. 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 −1.6% a year; about +0.4% a year came from earnings growth and about −2.0 percentage points from the multiple (the market paying less); over 10 years the price moved +16.3% a year; about +12.2% a year came from earnings growth and about +4.1 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 about average 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. Why it matters: when the lines disagree, each line above matters more than any single label. ## 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 0.7 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). 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: 11.3% − 12.0% = −0.7 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. ## Does Balkrishna Industries have too much debt? Balkrishna Industries Ltd has total debt of ₹4,111 Cr against shareholder equity of ₹10,955 Cr as of Jun 2026, so its debt is 0.38× 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. ## 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. 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. ## 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. ## How does Balkrishna Industries rank in its industry? 46.8 out of 100, rank 6 of 8 in Tyres & Tubes, with 96% of the evidence available. Balkrishna Industries Ltd scores 46.8 out of 100 against the 8 companies it is compared with in Tyres & Tubes, ranking 6. 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: 12.8 + 9.3 + 14 + 10.7 = 46.8. 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 6 of 8 Tyres & Tubes companies on the 4-Factor Sector Score, with 46.8 out of 100. 1. [MRF Ltd](https://www.sectoralpha.in/stocks/mrf-ltd) MRF · quiet · Evidence leans up · 81% evidence 63.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.8/35 · Revenue 11.4% · Profit 34.5% · Operating margin change -2 points · 88% evidence Capital efficiency 18.3/25 · ROCE 15.7% · Operating margin 12% · 100% evidence Valuation 15.9/20 · P/E 20.1× · PEG 0.69 · 100% evidence Relative strength 8.9/20 · Lead over its industry n/a · Lead over NIFTY 500 -9.5% · 1 year -25.9% · 25% evidence · 0 of 12 weeks ahead Exact sum: 20.8 + 18.3 + 15.9 + 8.9 = 63.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [CEAT Ltd](https://www.sectoralpha.in/stocks/ceat-ltd) CEATLTD · basing · Evidence leans up · 85% evidence 56.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.7/35 · Revenue 24.5% · Profit 4.3% · Operating margin change -3 points · 100% evidence Capital efficiency 17.7/25 · ROCE 19.2% · Operating margin 10% · 100% evidence Valuation 13.5/20 · P/E 21.8× · PEG 0.55 · 100% evidence Relative strength 9.4/20 · Lead over its industry n/a · Lead over NIFTY 500 -9% · 1 year -23.4% · 25% evidence · 2 of 12 weeks ahead Exact sum: 15.7 + 17.7 + 13.5 + 9.4 = 56.3 · 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. 3. [Rajratan Global Wire Ltd](https://www.sectoralpha.in/stocks/rajratan-global-wire-ltd) RAJRATAN · losing its lead · Evidence leans up · 100% evidence 56.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.6/35 · Revenue 29.2% · Profit 40.7% · Operating margin change -2 points · 100% evidence Capital efficiency 12.5/25 · ROCE 13.2% · Operating margin 12% · 100% evidence Valuation 9.3/20 · P/E 25.9× · PEG 1.33 · 100% evidence Relative 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 ahead Exact sum: 21.6 + 12.5 + 9.3 + 12.6 = 56 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Apollo Tyres Ltd](https://www.sectoralpha.in/stocks/apollo-tyres-ltd) APOLLOTYRE · quiet · Evidence leans up · 81% evidence 55.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.5/35 · Revenue 11.2% · Profit 100% · Operating margin change -1 points · 88% evidence Capital efficiency 12.1/25 · ROCE 13.9% · Operating margin 12% · 100% evidence Valuation 12.0/20 · P/E 11.3× · PEG 2.16 · 100% evidence Relative strength 8.4/20 · Lead over its industry n/a · Lead over NIFTY 500 -10.3% · 1 year -24.3% · 25% evidence · 5 of 12 weeks ahead Exact sum: 22.5 + 12.1 + 12 + 8.4 = 55 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [TVS Srichakra Ltd](https://www.sectoralpha.in/stocks/tvs-srichakra-ltd) TVSSRICHAK · breaking out · Evidence leans down · 81% evidence 47.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.2/35 · Revenue 18.6% · Profit 100% · Operating margin change 2 points · 88% evidence Capital efficiency 5.1/25 · ROCE 7.8% · Operating margin 8% · 100% evidence Valuation 1.8/20 · P/E 30.6× · PEG 5.11 · 100% evidence Relative strength 12.2/20 · Lead over its industry n/a · Lead over NIFTY 500 3.5% · 1 year -1.5% · 25% evidence · 12 of 12 weeks ahead Exact sum: 28.2 + 5.1 + 1.8 + 12.2 = 47.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. Balkrishna Industries Ltd this page BALKRISIND · quiet · Evidence leans down · 96% evidence 46.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.8/35 · Revenue 9.8% · Profit -3.3% · Operating margin change 4 points · 88% evidence Capital efficiency 9.3/25 · ROCE 11.2% · Operating margin 22% · 100% evidence Valuation 14.0/20 · P/E 28.5× · PEG 0.66 · 100% evidence Relative 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 ahead Exact sum: 12.8 + 9.3 + 14 + 10.7 = 46.8 · 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. 7. [JK Tyre & Industries Ltd](https://www.sectoralpha.in/stocks/jk-tyre-industries-ltd) JKTYRE · quiet · Evidence leans down · 67% evidence 46.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.5/35 · Revenue 12.5% · Profit -8.7% · Operating margin change -6 points · 95% evidence Capital efficiency 13.0/25 · ROCE 15.5% · Operating margin 7% · 76% evidence Valuation 11.5/20 · P/E 15.5× · PEG n/a · 50% evidence Relative strength 7.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -24.6% · 1 year -30.1% · 25% evidence · 0 of 12 weeks ahead Exact sum: 14.5 + 13 + 11.5 + 7.5 = 46.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Goodyear India Ltd](https://www.sectoralpha.in/stocks/goodyear-india-ltd) GOODYEAR · quiet · Evidence leans down · 81% evidence 45.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 11.7/35 · Revenue 0.8% · Profit 21.9% · Operating margin change -3 points · 88% evidence Capital efficiency 14.1/25 · ROCE 17.4% · Operating margin 1.3% · 100% evidence Valuation 11.2/20 · P/E 24.9× · PEG 0.64 · 100% evidence Relative strength 8.0/20 · Lead over its industry n/a · Lead over NIFTY 500 -10.7% · 1 year -32.1% · 25% evidence · 0 of 12 weeks ahead Exact sum: 11.7 + 14.1 + 11.2 + 8 = 45 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 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](https://www.sectoralpha.in/sectors/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](https://www.sectoralpha.in/stocks/mrf-ltd) ₹49,526 crore
2. Balkrishna Industries Ltd ₹40,067 crore
3. [Apollo Tyres Ltd](https://www.sectoralpha.in/stocks/apollo-tyres-ltd) ₹24,099 crore
4. [CEAT Ltd](https://www.sectoralpha.in/stocks/ceat-ltd) ₹12,488 crore
5. [JK Tyre & Industries Ltd](https://www.sectoralpha.in/stocks/jk-tyre-industries-ltd) ₹8,701 crore
6. [TVS Srichakra Ltd](https://www.sectoralpha.in/stocks/tvs-srichakra-ltd) ₹3,139 crore
7. [Rajratan Global Wire Ltd](https://www.sectoralpha.in/stocks/rajratan-global-wire-ltd) ₹2,155 crore

[All 8 Tyres & Tubes companies, largest first](https://www.sectoralpha.in/sectors/tyres-tubes#all-companies)

### Companies close in size in other industries

1. [Tube Investments of India Ltd](https://www.sectoralpha.in/stocks/tube-investments-of-india-ltd) ₹41,037 crore · Diversified
2. [Poonawalla Fincorp Ltd](https://www.sectoralpha.in/stocks/poonawalla-fincorp-ltd) ₹40,657 crore · Conglomerate Backed NBFC
3. Balkrishna Industries Ltd ₹40,067 crore
4. [Supreme Industries Ltd](https://www.sectoralpha.in/stocks/supreme-industries-ltd) ₹40,013 crore · Building Materials - Plastic Pipes
5. [Premier Energies Ltd](https://www.sectoralpha.in/stocks/premier-energies-ltd) ₹39,766 crore · Capital Goods - Solar

## What else do people ask about Balkrishna Industries? ### What is Balkrishna Industries's share price today? Balkrishna Industries Ltd's share price is ₹2,243.70, −3.4% over the past year. The whole company is worth ₹43,366 Cr on the market. In the last 52 weeks it traded between ₹2,010 to ₹2,705; today it is 34% of the way up from the low, 0.1% below its 200-day average (as of 4 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 4 November 2026). ### What is Balkrishna Industries's market cap? Balkrishna Industries Ltd's market capitalisation is ₹43,366 Cr at a share price of ₹2,243.70. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 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 worse than the NIFTY 500, for 2 weeks running (as of 4 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 ₹2,243.70, and it has been falling for 3 weeks. Its P/E of 30.9× is higher than 50% of its own last 11 years (as of 4 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 4 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 4 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 4 November 2026). ### What could break the Balkrishna Industries story? The main question: foreign institutions moved −2.7 percentage points over 8 quarters while the business went the other way. 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 4 November 2026). ### Is Balkrishna Industries a stock worth studying right now? What the numbers show: Balkrishna Industries Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether the owners’ moves turn back in line with the business. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 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. ## Lists

- Small & mid cap stocks: https://www.sectoralpha.in/small-cap-stocks-india

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