Balkrishna Industries Limited (BALKRISIND) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Balkrishna Industries Limited ₹1,211, price ₹2,200, upside -44.9%, quality 47 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range ₹1,709 – ₹3,304 · fair‑value band ₹855.98 – ₹1,566 · the ₹2,200 price screens above the ₹1,211 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Balkrishna Industries Limited manufactures and sells tires in India, Europe, North America, and internationally. It provides manufacturing and selling of off-highway tires OHT for use in various applications, such as agricultural, mining, forestry, construction, industrial, earthmoving, port, all-terrain vehicle ATV, and turf care applications.
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Balkrishna Industries Limited manufactures and sells tires in India, Europe, North America, and internationally. It provides manufacturing and selling of off-highway tires OHT for use in various applications, such as agricultural, mining, forestry, construction, industrial, earthmoving, port, all-terrain vehicle ATV, and turf care applications. The company was incorporated in 1961 and is headquartered in Mumbai, India.
Stock analysis
Balkrishna Industries Limited (BALKRISIND) currently trades at ₹2,200, while our model-based Fair Value estimate is ₹1,211, implying the stock looks roughly 81.6% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹1,309 per share, and 0 of the 16 models we run sit above the ₹2,200 price.
Bear case: the Dividend Discount group reads lowest at ₹241.89, and 16 of the 16 models stay below the price. Evidence for this calculation is high.
Scenario range: ₹855.98 (bear) to ₹1,566 (bull), the price of ₹2,200 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 47/100 (below-average quality), in the Consumer Cyclical sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Balkrishna Industries Limited reported revenue of ₹108B in FY2026 versus ₹82.1B in FY2022, a compound +7.2%/yr. Reported net income was ₹12.4B in FY2026, compounding −3.5%/yr from FY2022.
Key figures
Market cap ₹425B (≈ $4.4B) · P/E ratio 34.2 · P/S ratio 3.93 · EPS (TTM) ₹64.23 · Dividend yield 0.7% · Net margin 11.5% · Return on equity 13.9% · Return on assets (EBIT) 11.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 19% below its 52-week high and 12% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −38% fair-value upside, at −45%, BALKRISIND screens richer than that median.
Fair Value models
Bear ₹855.98Fair Value ₹1,211Bull ₹1,566
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹23.39 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+4.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.9%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+13.8%
Start year 2021 (pandemic). Over 10 years: +12.9% a year
Revenue growth 21 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+16.3%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+1.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+1.1%
Dividend (yield on the price)0.7%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.1% vs 10%, slowing
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.25% → 14%
Compare Balkrishna Industries Limited with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Auto Parts · 695 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score47 · Below median
Fair Value upside−45% · Bottom 25%
Profitability
Return on equity (TTM)14% · Top 25%
Return on assets6% · Top 25%
Net margin (TTM)12% · Top 25%
Operating margin (TTM)16% · Top 25%
Growth and dividend
Revenue growth7% · Above median
Dividend yield (TTM)0.7% · Below median
Balance sheet
Debt / equity0.08× · Below median
Valuation Multiplesvs Auto Parts median · lower = cheaper
P/E (TTM)34.2× · Pricier than median
P/B3.88× · Priciest 25%
P/S (TTM)4.00× · Priciest 25%
EV/EBITDA19.5× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 26
FUTURE (revenue growth)35· sector 19
PAST (return on equity)56· sector 28
HEALTH (low debt)96· sector 95
DIVIDEND (yield)15· sector 38
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Balkrishna Industries Limited (BALKRISIND) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of ₹1,211 versus a price of ₹2,200, about −45% upside (overvalued).
What is the fair value of BALKRISIND?
Our model-based fair value for Balkrishna Industries Limited is ₹1,211 (as of Sep 24, 2026), built from audited fundamentals. The current price: ₹2,200.
What is the quality score of BALKRISIND?
Balkrishna Industries Limited has a Quality Score of 47/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Balkrishna Industries Limited (BALKRISIND)?
Our model-based price target is the fair value of ₹1,211 (as of Sep 24, 2026) from 16 valuation models. Cautious scenario ₹855.98, optimistic scenario ₹1,566. It is a calculation from audited fundamentals, not an analyst target.
What is the Balkrishna Industries Limited stock forecast for 2026?
Our models put fair value at ₹1,211, about −45% upside versus a price of ₹2,200 (overvalued). Cautious scenario ₹855.98, optimistic scenario ₹1,566. The calculation is refreshed regularly with new filings.
What is the revenue of Balkrishna Industries Limited (BALKRISIND)?
Balkrishna Industries Limited reported trailing-twelve-month revenue of about ₹106B (latest available figure, as of Sep 24, 2026).
Does Balkrishna Industries Limited pay a dividend?
Balkrishna Industries Limited currently shows a dividend yield of about 0.73% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Balkrishna Industries Limited (BALKRISIND)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Balkrishna Industries Limited it is ₹1,211 per share (as of Sep 24, 2026), against a price of ₹2,200. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is Balkrishna Industries Limited stock overvalued or undervalued in 2026?
As of Sep 24, 2026, BALKRISIND trades above its calculated fair value: price ₹2,200, fair value ₹1,211, a gap of about −45% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of BALKRISIND?
No. The price is what the market pays today (₹2,200); the fair value is what the company's own numbers justify (₹1,211). For Balkrishna Industries Limited the two are ₹988.53 per share apart. That gap is exactly why we show both numbers side by side.
How much is Balkrishna Industries Limited worth?
The market values Balkrishna Industries Limited at about ₹425B (market capitalisation, as of Sep 24, 2026). Per share that is ₹2,200; our models calculate a fair value of ₹1,211 per share.
What do the bullish and bearish scenarios say about BALKRISIND?
Our models span a range for Balkrishna Industries Limited: cautious scenario ₹855.98, base ₹1,211, optimistic ₹1,566 per share (as of Sep 24, 2026, price ₹2,200). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BALKRISIND?
Balkrishna Industries Limited trades at a price-to-earnings ratio of 34.2 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹1,211 is built from several models across several years. Other multiples: P/B 3.9, P/S 4.0, EV/EBITDA 19.5.
How solid is the balance sheet of Balkrishna Industries Limited (BALKRISIND)?
Balance-sheet figures for Balkrishna Industries Limited (as of Sep 24, 2026): return on equity 13.9%, debt of 0.08 per unit of equity. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is BALKRISIND from its 52-week high?
Balkrishna Industries Limited trades at ₹2,200, about 19% below its 52-week high of ₹2,711 and 12% above the low of ₹1,970 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of ₹1,211 is for.
Which stocks are comparable to Balkrishna Industries Limited?
From the same area (Consumer Cyclical) we also value O'Reilly Automotive, Inc, AutoZone, Inc, Hyundai Mobis Co, Fuyao Glass Industry Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Balkrishna Industries Limited stock attractive at the current price?
The data as of Sep 24, 2026: price ₹2,200, calculated fair value ₹1,211 (−45%), Quality Score 47/100, from 16 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of BALKRISIND calculated?
We run Balkrishna Industries Limited through 16 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹1,211, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.1 % above its aggregate fair value. Balkrishna Industries Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Balkrishna Industries Limited (BALKRISIND)?
The closing price on Sep 23, 2026 was ₹2,200. Our model-based fair value is ₹1,211, about −45% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Balkrishna Industries Limited right now?
The price sits above even our optimistic bull case (₹1,566). The favourable scenario is already priced in. Solid but not exceptional quality (47/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (₹855.98 to ₹1,566) leaves room in how you read the outcome.
Where does the earnings growth of Balkrishna Industries Limited (BALKRISIND) come from?
Earnings per share at Balkrishna Industries Limited grew +11.5 % a year from 2015 to 2026. Broken into its drivers: revenue per share +12.4 %, EBIT margin −1.1 %, tax rate +1.4 %, residual (interest, one-offs) −1.0 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Balkrishna Industries Limited
How large is the market capitalisation of Balkrishna Industries Limited (BALKRISIND)?
The market capitalisation of Balkrishna Industries Limited is ₹425B (≈ $4.4B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Balkrishna Industries Limited (BALKRISIND)?
The price-to-sales ratio of Balkrishna Industries Limited is 3.93 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Balkrishna Industries Limited (BALKRISIND)?
Earnings per share at Balkrishna Industries Limited are ₹64.23 (price ÷ EPS = P/E 34.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Balkrishna Industries Limited (BALKRISIND)?
The dividend yield of Balkrishna Industries Limited is 0.7% (payout 24.9%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Balkrishna Industries Limited (BALKRISIND)?
The net margin of Balkrishna Industries Limited is 11.5% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Balkrishna Industries Limited (BALKRISIND)?
The return on equity (ROE) of Balkrishna Industries Limited is 13.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Balkrishna Industries Limited (BALKRISIND)?
On an EBIT basis the return on assets of Balkrishna Industries Limited is 11.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Balkrishna Industries Limited (BALKRISIND)?
The operating margin of Balkrishna Industries Limited is 16.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Balkrishna Industries Limited (BALKRISIND)?
Revenue at Balkrishna Industries Limited is growing +6.9% versus a year earlier (3y avg +3.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Balkrishna Industries Limited (BALKRISIND)?
Earnings per share at Balkrishna Industries Limited are growing −15.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Balkrishna Industries Limited (BALKRISIND) generate?
The free cash flow of Balkrishna Industries Limited is −₹7.5B (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Balkrishna Industries Limited (BALKRISIND) carry?
The net debt of Balkrishna Industries Limited is ₹40.5B (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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