About the
Company : Balkrishna
Industries is engaged in the business of manufacturing and selling of
Off-Highway Tyres (OHT) in the specialist segments such as Agricultural,
Industrial & Construction, Earthmovers & Port, Mining, Forestry, Lawn
& Garden and All Terrain Vehicles (ATV).
Balkrishna Industries Ltd has posted Net Sales / Revenue of ₹4810 Cr &
Net Profit of ₹960Cr in FY2020 and expected to post Net Sales /
Revenue of ₹4890 Cr & Net Profit of ₹830 Cr in FY2021 and Net Sales / Revenue of ₹5800 Cr & Net Profit of ₹1060 Cr in FY2022 .
Whats the Future : Management is optimistic to improve
the OPM to 28-30% from 77%(FY2020). Doubling the market share in industrial tyre segment (mining and construction).
Agriculture tyre exports from India have been strong in US & Europe.
Valuations : The
Company is now Trading at X 2.0 of
its valuations ( last 4Quaters earnings considered here)at ~100%
premium and at X1.91 of its FY 2021, which
is now almost ~91% Premium to its value and X1.49of its FY2022 earnings with a Premium
of ~ 49%.
The Fare Value of Equity Per Share
is ₹719.78 for FY2021 and ₹919.00 for FY2022.
Disclaimer : We are
/ may going to take exposure shortly.
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Data
Source | NSE Website | Screener.In | Capital Line |
Money Control |
The author tracks economic, behavioural and corporate
tends, hoping to gauge good avenues of return based on Fundamental Valuations
of Stocks, a follower of EPV method. You
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