Balkrishna Industries Limited

NSEI:BALKRISIND Stock Report

Market Cap: ₹529.4b

Balkrishna Industries Valuation

Is BALKRISIND undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of BALKRISIND when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BALKRISIND (₹2736.35) is trading above our estimate of fair value (₹1072.7)

Significantly Below Fair Value: BALKRISIND is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BALKRISIND?

Key metric: As BALKRISIND is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for BALKRISIND. This is calculated by dividing BALKRISIND's market cap by their current earnings.
What is BALKRISIND's PE Ratio?
PE Ratio32.5x
Earnings₹16.29b
Market Cap₹529.43b

Price to Earnings Ratio vs Peers

How does BALKRISIND's PE Ratio compare to its peers?

The above table shows the PE ratio for BALKRISIND vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21.2x
MRF MRF
27.1x10.9%₹528.2b
APOLLOTYRE Apollo Tyres
22.5x17.8%₹325.9b
500878 CEAT
21.2x19.5%₹120.2b
530007 JK Tyre & Industries
14x18.6%₹103.0b
BALKRISIND Balkrishna Industries
32.5x14.7%₹529.4b

Price-To-Earnings vs Peers: BALKRISIND is expensive based on its Price-To-Earnings Ratio (32.5x) compared to the peer average (21.2x).

Price to Earnings Ratio vs Industry

How does BALKRISIND's PE Ratio compare vs other companies in the IN Auto Components Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
513262 Steel Strips Wheels
4.9x-31.3%US$380.44m
INNOVATIVE Innovative Tyres & Tubes
0.3xn/aUS$1.22m
505100 India Radiators
0.9xn/aUS$99.36k
523415 Coventry Coil-O-Matic (Haryana)
0.9xn/aUS$88.40k
No more companies available in this PE range
BALKRISIND 32.5xIndustry Avg. 31.2xNo. of Companies16PE020406080100+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BALKRISIND is expensive based on its Price-To-Earnings Ratio (32.5x) compared to the Indian Auto Components industry average (31.2x).

Price to Earnings Ratio vs Fair Ratio

What is BALKRISIND's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BALKRISIND PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio32.5x
Fair PE Ratio31.9x

Price-To-Earnings vs Fair Ratio: BALKRISIND is expensive based on its Price-To-Earnings Ratio (32.5x) compared to the estimated Fair Price-To-Earnings Ratio (31.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst BALKRISIND forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹2,736.35
₹2,923.43
+6.8%
15.0%₹3,500.00₹2,159.00n/a21
Nov ’25₹2,853.55
₹2,925.81
+2.5%
15.0%₹3,500.00₹2,159.00n/a21
Oct ’25₹3,062.10
₹2,858.14
-6.7%
15.2%₹3,500.00₹2,133.00n/a21
Sep ’25₹2,829.75
₹2,847.77
+0.6%
15.4%₹3,500.00₹2,133.00n/a22
Aug ’25₹3,345.85
₹2,841.00
-15.1%
16.5%₹3,700.00₹2,075.00n/a22
Jul ’25₹3,190.90
₹2,796.41
-12.4%
15.7%₹3,500.00₹2,075.00n/a22
Jun ’25₹3,050.05
₹2,778.95
-8.9%
15.8%₹3,500.00₹2,075.00n/a22
May ’25₹2,429.90
₹2,454.19
+1.0%
12.1%₹2,900.00₹1,950.00n/a21
Apr ’25₹2,284.75
₹2,452.81
+7.4%
12.3%₹2,900.00₹1,950.00n/a21
Mar ’25₹2,250.85
₹2,452.81
+9.0%
12.3%₹2,900.00₹1,950.00n/a21
Feb ’25₹2,436.50
₹2,485.76
+2.0%
12.6%₹2,920.00₹1,950.00n/a21
Jan ’25₹2,576.25
₹2,485.62
-3.5%
14.7%₹2,987.00₹1,700.00n/a21
Dec ’24₹2,559.70
₹2,485.62
-2.9%
14.7%₹2,987.00₹1,700.00n/a21
Nov ’24₹2,559.00
₹2,491.81
-2.6%
14.5%₹2,987.00₹1,700.00₹2,853.5521
Oct ’24₹2,557.80
₹2,342.70
-8.4%
13.9%₹2,920.00₹1,700.00₹3,062.1020
Sep ’24₹2,361.80
₹2,338.10
-1.0%
13.8%₹2,920.00₹1,700.00₹2,829.7520
Aug ’24₹2,523.60
₹2,317.43
-8.2%
15.1%₹2,920.00₹1,650.00₹3,345.8521
Jul ’24₹2,370.40
₹2,228.40
-6.0%
15.8%₹2,700.00₹1,650.00₹3,190.9020
Jun ’24₹2,287.40
₹2,216.38
-3.1%
15.3%₹2,700.00₹1,650.00₹3,050.0521
May ’24₹2,084.25
₹2,098.95
+0.7%
13.1%₹2,500.00₹1,650.00₹2,429.9020
Apr ’24₹1,951.45
₹2,089.80
+7.1%
13.2%₹2,500.00₹1,650.00₹2,284.7520
Mar ’24₹2,051.00
₹2,095.55
+2.2%
13.3%₹2,500.00₹1,650.00₹2,250.8522
Feb ’24₹2,249.90
₹2,088.23
-7.2%
13.4%₹2,600.00₹1,650.00₹2,436.5022
Jan ’24₹2,131.25
₹2,070.95
-2.8%
12.3%₹2,479.00₹1,650.00₹2,576.2522
Dec ’23₹2,063.80
₹2,064.61
+0.04%
12.1%₹2,479.00₹1,650.00₹2,559.7023
Nov ’23₹1,946.40
₹2,209.24
+13.5%
16.9%₹3,066.00₹1,649.00₹2,559.0021

Analyst Forecast: Target price is less than 20% higher than the current share price.

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