Tuesday, August 25, 2020

Balkrishna Industries Ltd – Agri tyre exports will boost its financials

Balkrishna Industries Ltd is Trading   at 1375.95   with  a  Gain   of   + 0.20 %   on    25-Aug-2020   with formation of  a  Green  Candle    on Daily  Price Chart at the time of writing this article.

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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