{"id":25130,"date":"2022-09-23T12:14:17","date_gmt":"2022-09-23T06:44:17","guid":{"rendered":"https:\/\/www.fundsindia.com\/blog\/?p=25130"},"modified":"2022-09-23T12:28:41","modified_gmt":"2022-09-23T06:58:41","slug":"alpha-balkrishna-industries-ltd-equity-research-desk","status":"publish","type":"post","link":"https:\/\/fundsindia.com\/blog\/equities\/alpha-balkrishna-industries-ltd-equity-research-desk\/25130","title":{"rendered":"Alpha | Balkrishna Industries Ltd.- Equity Research Desk"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/09\/FI_Alpha-BalkrishnaIndsLtd.pdf\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" width=\"983\" height=\"467\" src=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/09\/Alpha-New-3.png\" alt=\"\" class=\"wp-image-25131\" srcset=\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/09\/Alpha-New-3.png 983w, https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/09\/Alpha-New-3-300x143.png 300w, https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/09\/Alpha-New-3-768x365.png 768w\" sizes=\"(max-width: 983px) 100vw, 983px\" \/><\/a><\/figure>\n\n\n\n<h3><strong>Balkrishna Industries Ltd. \u2013 Niche Tyremaker<\/strong><\/h3>\n\n\n\n<p>Balkrishna Industries Limited (BKT) started its Off-Highway Tyre business in 1987. For over 30 years, BKT has successfully focused on specialist segments such as agricultural, construction, and industrial as well as earthmoving, port and mining, ATV, and gardening applications. <\/p>\n\n\n\n<p>The company sells its Tyres in 160+ countries through its distribution network in the Americas, Europe, India &amp; ROW. The company has been undertaking various actions like setting up warehouses in markets in North America and Europe to be closer to the customer and have a just-in-time (JIT) system. <\/p>\n\n\n\n<p>BIL also has a strong partnership with OEMs. The company has over 2,700 SKUs. The company currently has four manufacturing units in India, an overall achievable capacity of 2,85,000 metric tonnes (MT) per annum, and a sales distribution network spread across 160 countries. <\/p>\n\n\n\n<h4><strong>Valuation:<\/strong><\/h4>\n\n\n\n<p>We believe the company will continue to perform well over the next few quarters due to the robust demand environment. We believe that the company\u2019s export-oriented business model, labor cost benefits, and aggressive marketing may help it outperform its peers. Hence, we recommend a BUY rating in the stock with the target price (TP) of Rs.2260, 23x FY24E EPS.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/09\/FI_Alpha-BalkrishnaIndsLtd.pdf\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" width=\"534\" height=\"66\" src=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/06\/button_click-here-for-the-research-report.png\" alt=\"\" class=\"wp-image-23892\" srcset=\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/06\/button_click-here-for-the-research-report.png 534w, https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/06\/button_click-here-for-the-research-report-300x37.png 300w\" sizes=\"(max-width: 534px) 100vw, 534px\" \/><\/a><\/figure><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Balkrishna Industries Ltd. \u2013 Niche Tyremaker Balkrishna Industries Limited (BKT) started its Off-Highway Tyre business in 1987. For over 30 years, BKT has successfully focused on specialist segments such as agricultural, construction, and industrial as well as earthmoving, port and mining, ATV, and gardening applications. The company sells its Tyres in 160+ countries through its [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":25131,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[743,59],"tags":[744,817,818,200,517,745,44,272],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Alpha | Balkrishna Industries Ltd.- Equity Research Desk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-balkrishna-industries-ltd-equity-research-desk\/25130\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Alpha | Balkrishna Industries Ltd.- Equity Research Desk\" \/>\n<meta property=\"og:description\" content=\"Balkrishna Industries Ltd. \u2013 Niche Tyremaker Balkrishna Industries Limited (BKT) started its Off-Highway Tyre business in 1987. For over 30 years, BKT has successfully focused on specialist segments such as agricultural, construction, and industrial as well as earthmoving, port and mining, ATV, and gardening applications. The company sells its Tyres in 160+ countries through its [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-balkrishna-industries-ltd-equity-research-desk\/25130\" \/>\n<meta property=\"og:site_name\" content=\"Insights\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/fundsindia\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-23T06:44:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-09-23T06:58:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/09\/Alpha-New-3.png\" \/>\n\t<meta property=\"og:image:width\" content=\"983\" \/>\n\t<meta property=\"og:image:height\" content=\"467\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Equities Desk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#organization\",\"name\":\"Wealth India Financial Services\",\"url\":\"https:\/\/www.fundsindia.com\/blog\/\",\"sameAs\":[\"https:\/\/www.facebook.com\/fundsindia\"],\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#logo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2018\/07\/download.jpeg\",\"contentUrl\":\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2018\/07\/download.jpeg\",\"width\":189,\"height\":200,\"caption\":\"Wealth India Financial Services\"},\"image\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#logo\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#website\",\"url\":\"https:\/\/www.fundsindia.com\/blog\/\",\"name\":\"Insights\",\"description\":\"Official blog of FundsIndia.com\",\"publisher\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.fundsindia.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-balkrishna-industries-ltd-equity-research-desk\/25130#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/09\/Alpha-New-3.png\",\"contentUrl\":\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/09\/Alpha-New-3.png\",\"width\":983,\"height\":467},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-balkrishna-industries-ltd-equity-research-desk\/25130#webpage\",\"url\":\"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-balkrishna-industries-ltd-equity-research-desk\/25130\",\"name\":\"Alpha | Balkrishna Industries Ltd.- Equity Research Desk\",\"isPartOf\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-balkrishna-industries-ltd-equity-research-desk\/25130#primaryimage\"},\"datePublished\":\"2022-09-23T06:44:17+00:00\",\"dateModified\":\"2022-09-23T06:58:41+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-balkrishna-industries-ltd-equity-research-desk\/25130#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-balkrishna-industries-ltd-equity-research-desk\/25130\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-balkrishna-industries-ltd-equity-research-desk\/25130#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.fundsindia.com\/blog\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Alpha | Balkrishna Industries Ltd.- Equity Research Desk\"}]},{\"@type\":\"Article\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-balkrishna-industries-ltd-equity-research-desk\/25130#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-balkrishna-industries-ltd-equity-research-desk\/25130#webpage\"},\"author\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#\/schema\/person\/78222a5d6aef66b1f386dfa767382656\"},\"headline\":\"Alpha | Balkrishna Industries Ltd.- Equity Research Desk\",\"datePublished\":\"2022-09-23T06:44:17+00:00\",\"dateModified\":\"2022-09-23T06:58:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-balkrishna-industries-ltd-equity-research-desk\/25130#webpage\"},\"wordCount\":200,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-balkrishna-industries-ltd-equity-research-desk\/25130#primaryimage\"},\"thumbnailUrl\":\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/09\/Alpha-New-3.png\",\"keywords\":[\"Alpha\",\"Balkrishna Industries Ltd.\",\"BKT\",\"equities\",\"FundsIndia\",\"FundsIndia Equity Research\",\"research\",\"stocks\"],\"articleSection\":[\"Alpha\",\"Equity Research\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-balkrishna-industries-ltd-equity-research-desk\/25130#respond\"]}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#\/schema\/person\/78222a5d6aef66b1f386dfa767382656\",\"name\":\"Equities Desk\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/2620d09063050fc426411ab6ea46fc72?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/2620d09063050fc426411ab6ea46fc72?s=96&d=mm&r=g\",\"caption\":\"Equities Desk\"},\"sameAs\":[\"http:\/\/www.fundsindia.com\"],\"url\":\"https:\/\/fundsindia.com\/blog\/author\/equities-desk\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Alpha | Balkrishna Industries Ltd.- Equity Research Desk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-balkrishna-industries-ltd-equity-research-desk\/25130","og_locale":"en_US","og_type":"article","og_title":"Alpha | Balkrishna Industries Ltd.- Equity Research Desk","og_description":"Balkrishna Industries Ltd. \u2013 Niche Tyremaker Balkrishna Industries Limited (BKT) started its Off-Highway Tyre business in 1987. For over 30 years, BKT has successfully focused on specialist segments such as agricultural, construction, and industrial as well as earthmoving, port and mining, ATV, and gardening applications. The company sells its Tyres in 160+ countries through its [&hellip;]","og_url":"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-balkrishna-industries-ltd-equity-research-desk\/25130","og_site_name":"Insights","article_publisher":"https:\/\/www.facebook.com\/fundsindia","article_published_time":"2022-09-23T06:44:17+00:00","article_modified_time":"2022-09-23T06:58:41+00:00","og_image":[{"width":983,"height":467,"url":"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/09\/Alpha-New-3.png","type":"image\/png"}],"twitter_misc":{"Written by":"Equities Desk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Organization","@id":"https:\/\/www.fundsindia.com\/blog\/#organization","name":"Wealth India Financial Services","url":"https:\/\/www.fundsindia.com\/blog\/","sameAs":["https:\/\/www.facebook.com\/fundsindia"],"logo":{"@type":"ImageObject","@id":"https:\/\/www.fundsindia.com\/blog\/#logo","inLanguage":"en-US","url":"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2018\/07\/download.jpeg","contentUrl":"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2018\/07\/download.jpeg","width":189,"height":200,"caption":"Wealth India Financial Services"},"image":{"@id":"https:\/\/www.fundsindia.com\/blog\/#logo"}},{"@type":"WebSite","@id":"https:\/\/www.fundsindia.com\/blog\/#website","url":"https:\/\/www.fundsindia.com\/blog\/","name":"Insights","description":"Official blog of FundsIndia.com","publisher":{"@id":"https:\/\/www.fundsindia.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.fundsindia.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"ImageObject","@id":"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-balkrishna-industries-ltd-equity-research-desk\/25130#primaryimage","inLanguage":"en-US","url":"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/09\/Alpha-New-3.png","contentUrl":"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/09\/Alpha-New-3.png","width":983,"height":467},{"@type":"WebPage","@id":"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-balkrishna-industries-ltd-equity-research-desk\/25130#webpage","url":"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-balkrishna-industries-ltd-equity-research-desk\/25130","name":"Alpha | Balkrishna Industries Ltd.- Equity Research Desk","isPartOf":{"@id":"https:\/\/www.fundsindia.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-balkrishna-industries-ltd-equity-research-desk\/25130#primaryimage"},"datePublished":"2022-09-23T06:44:17+00:00","dateModified":"2022-09-23T06:58:41+00:00","breadcrumb":{"@id":"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-balkrishna-industries-ltd-equity-research-desk\/25130#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.fundsindia.com\/blog\/equities\/alpha-balkrishna-industries-ltd-equity-research-desk\/25130"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-balkrishna-industries-ltd-equity-research-desk\/25130#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.fundsindia.com\/blog"},{"@type":"ListItem","position":2,"name":"Alpha | Balkrishna Industries Ltd.- Equity Research Desk"}]},{"@type":"Article","@id":"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-balkrishna-industries-ltd-equity-research-desk\/25130#article","isPartOf":{"@id":"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-balkrishna-industries-ltd-equity-research-desk\/25130#webpage"},"author":{"@id":"https:\/\/www.fundsindia.com\/blog\/#\/schema\/person\/78222a5d6aef66b1f386dfa767382656"},"headline":"Alpha | Balkrishna Industries Ltd.- Equity Research Desk","datePublished":"2022-09-23T06:44:17+00:00","dateModified":"2022-09-23T06:58:41+00:00","mainEntityOfPage":{"@id":"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-balkrishna-industries-ltd-equity-research-desk\/25130#webpage"},"wordCount":200,"commentCount":0,"publisher":{"@id":"https:\/\/www.fundsindia.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-balkrishna-industries-ltd-equity-research-desk\/25130#primaryimage"},"thumbnailUrl":"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/09\/Alpha-New-3.png","keywords":["Alpha","Balkrishna Industries Ltd.","BKT","equities","FundsIndia","FundsIndia Equity Research","research","stocks"],"articleSection":["Alpha","Equity Research"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.fundsindia.com\/blog\/equities\/alpha-balkrishna-industries-ltd-equity-research-desk\/25130#respond"]}]},{"@type":"Person","@id":"https:\/\/www.fundsindia.com\/blog\/#\/schema\/person\/78222a5d6aef66b1f386dfa767382656","name":"Equities Desk","image":{"@type":"ImageObject","@id":"https:\/\/www.fundsindia.com\/blog\/#personlogo","inLanguage":"en-US","url":"https:\/\/secure.gravatar.com\/avatar\/2620d09063050fc426411ab6ea46fc72?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/2620d09063050fc426411ab6ea46fc72?s=96&d=mm&r=g","caption":"Equities Desk"},"sameAs":["http:\/\/www.fundsindia.com"],"url":"https:\/\/fundsindia.com\/blog\/author\/equities-desk"}]}},"jetpack_featured_media_url":"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/09\/Alpha-New-3.png","_links":{"self":[{"href":"https:\/\/fundsindia.com\/blog\/wp-json\/wp\/v2\/posts\/25130"}],"collection":[{"href":"https:\/\/fundsindia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fundsindia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fundsindia.com\/blog\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/fundsindia.com\/blog\/wp-json\/wp\/v2\/comments?post=25130"}],"version-history":[{"count":1,"href":"https:\/\/fundsindia.com\/blog\/wp-json\/wp\/v2\/posts\/25130\/revisions"}],"predecessor-version":[{"id":25133,"href":"https:\/\/fundsindia.com\/blog\/wp-json\/wp\/v2\/posts\/25130\/revisions\/25133"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fundsindia.com\/blog\/wp-json\/wp\/v2\/media\/25131"}],"wp:attachment":[{"href":"https:\/\/fundsindia.com\/blog\/wp-json\/wp\/v2\/media?parent=25130"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fundsindia.com\/blog\/wp-json\/wp\/v2\/categories?post=25130"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fundsindia.com\/blog\/wp-json\/wp\/v2\/tags?post=25130"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}