Meet the Billionaire who purchased 1500 crore House from Mukesh Ambani.
About Balkrishna Industries: Balkrishna Industries Limited (BKT) is an Indian multinational tyre manufacturing company based in Mumbai, India. Balkrishna Industries manufactures off-highway tyres used in specialist segments like mining, earthmoving, agriculture, and gardening in five factories located in Aurangabad, Bhiwadi, Chopanki, Dombivali, and Bhuj.
History of Balkrishna Industries: Balkrishna Industries Ltd was incorporated on November 20, 1961. The company began operations in the year 1987 with the inauguration of its first off-highway tyre manufacturing facility in Aurangabad. Subsequent growth in business allowed the company to open new facilities in Bhiwandi (2002) and Chopanaki (2006).
Current Status of Balkrishna Industries: The current market price of Balkrishna Industries is Rs 1967.35. Balkrishna Industries Ltd is in the Tyres sector and has a market capitalization worth Rs. 43,927.42 crores. The company has reported a Consolidated Total Income of Rs 2884.17 Crore for the quarter ended 30-09-2022.
Future of Balkrishna Industries : Balkrishna Industries is forecasted to grow earnings and revenue by 20.8% and 5.3% per annum respectively. EPS and ROE are also expected to grow by 20.8% and 18.3% per year respectively¹. Based on forecasts, a long-term increase is expected in the stock price. Analyst coverage for Balkrishna Industries stock is good.
Comments
Post a Comment