CK Narayan of Chart Advise has a buy call on Balkrishna Industries Ltd.
with a target price of Rs 1175.0 .
The current price of Balkrishna Industries Ltd.
is Rs 1157.05 .
CK Narayan recommended to keep a stoploss at Rs 1145 .
Balkrishna Industries Ltd., incorporated in the year 1961, is a Large Cap company (having a market cap of Rs 22367.77 Crore) operating in Tyres sector.
Balkrishna Industries Ltd.
key Products/Revenue Segments include Tyres - Tubes which contributed Rs 5068.01 Crore to Sales Value (96.63 % of Total Sales), Export Incentives which contributed Rs 160.27 Crore to Sales Value (3.05 % of Total Sales), Scrap which contributed Rs 13.60 Crore to Sales Value (0.25 % of Total Sales) and Other Operating Revenue which contributed Rs 2.62 Crore to Sales Value (0.04 % of Total Sales)for the year ending 31-Mar-2019.
For the quarter ended 31-12-2019, the company has reported a Consolidated sales of Rs 1155.76 Crore, up 6.59 % from last quarter Sales of Rs 1084.28 Crore and down -3.51 % from last year same quarter Sales of Rs 1197.84 Crore Company has reported net profit after tax of Rs 223.80 Crore in latest quarter.
The companys top management includes Mr.Arvind Poddar, Mr.Vipul Shah, Mr.Sanjay Asher, Mr.Sachin Nath Chaturvedi, Mr.Rajiv Poddar, Mr.Laxmidas Merchant, Mr.Khurshed Doongaji, Mr.Dharaprasad Poddar, Mr.Ashok Saraf, Mrs.Vijaylaxmi Poddar.
Company has N G Thakrar - Co as its auditors As on 31-12-2019, the company has a total of 193,317,190 shares outstanding.