Balkrishna Industries makes off-highway and agricultural tyres, including the large tyres used in mining, construction and farm equipment, along with some passenger and truck tyres. Its edge is scale and a mix that skews toward specialty and replacement demand rather than commodity original-equipment work, which helps explain a gross margin of 50.3%, well above what most tyre makers earn. Growth has been strong, with revenue up 25.2%, and the stock trades at 21.0 times forward earnings against 29.0 times trailing, implying the market expects earnings to keep compounding. The question for a deeper look is whether a 15.6% operating margin can hold as raw material costs and capacity additions move, since that gap between gross and operating margin is where the risk sits.
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| Date | Type | New | Previous | Price |
|---|---|---|---|---|
| 23 Oct 2026, 01:53 CEST | ACCE price target | ₹2211 | first publication | ₹2110 |
Answered from Balkrishna Industries Limited fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| BALKRISIND.NS Balkrishna Industries Limited | ₹2109.80 | - | - | 29.0x | - | 80 | 66 |
| 7276.T Koito Manufacturing Co., Ltd. | ¥2640.00 | - | - | 32.9x | 3.8% | 39 | 61 |
| 6473.T JTEKT Corporation | ¥2038.00 | - | - | 33.6x | 2.7% | 43 | 64 |
| 5105.T Toyo Tire Corporation | ¥4147.00 | - | - | 10.6x | 11.6% | 63 | 59 |
| 5991.T NHK Spring Co., Ltd. | ¥3218.00 | - | - | 18.1x | 8.1% | 48 | 64 |
| 002472.SZ Zhejiang Shuanghuan Driveline Co.,Ltd. | ¥38.27 | ¥26 | 50% above | 25.3x | 12.9% | 67 | 52 |
| MRF.NS MRF Limited | ₹118860.00 | - | - | 20.7x | - | 65 | 47 |
Where BALKRISIND.NS ranks against its sector peers on each metric.