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Data-driven stock valuation

Balkrishna Industries Limited (BALKRISIND) fair value: what the stock is really worth

We calculate from audited financials what Balkrishna Industries Limited is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.

  1. Compare price with fair valuebelow fair value = cheap, above = expensive
  2. Check the quality50 and up solid, 75 and up strong
  3. Watch it or check another stockalert when fair value or trend changes

Consumer Cyclical · IN · Market cap ₹400B (≈ $4.2B) · ISIN INE787D01026

At a glance

BI Balkrishna Industries Limited BALKRISIND · NSE
Price₹2,285
Fair Value₹1,211
Upside−47.0%
Quality47/100

Below-average quality, and trading another 89% above our fair value of ₹1,211.

As of Aug 19, 2026, the fair value of Balkrishna Industries Limited is ₹1,211 per share against a price of ₹2,285, so the fair value sits 47% below the price. A model estimate from reported figures, not an analyst target.

!Expensive Growth (revenue 5y +13.8 %/yr)
Solidly profitable · 12.3% net margin
!Low debt · negative free cash flow
·0.70% dividend yield
!Mixed vs. peers (6/13)
!Moderate moat 56/100
!Weak on dividend: 14 out of 100
Evidence: High Range ₹855.98 to ₹1,566

Fair value as of: Aug 19, 2026

From 16 valuation models · updated 19 days ago

Share price −8.7% over the past month.

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What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters 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.

Price vs Fair Value (5 years)

₹3,304 ₹1,709 Fair Value ₹1,211 May 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 19, 2026.

How to read this chart

60‑month range ₹1,709 – ₹3,304 · fair‑value band ₹855.98 – ₹1,566 · the ₹2,285 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 Aug 19, 2026.

Full chart & analysis →

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Analysis

Balkrishna Industries Limited (BALKRISIND) currently trades at ₹2,285, while our model-based Fair Value estimate is ₹1,211, implying the stock looks roughly 88.6% overvalued today. The Quality Score stands at 47/100 (below-average quality), in the Consumer Cyclical sector. 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 ₹2,285 price. Bear case: the Dividend Discount group reads lowest at ₹275.13, and 16 of the 16 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Balkrishna Industries Limited generated revenue of ₹106B at a net margin of 12.3%. Revenue grew 6.9% year over year. It earns a return on equity of 13.9%. Net debt stands at ₹40.5B. Fundamentals as of Aug 19, 2026

Scenario range: ₹855.98 (bear) to ₹1,566 (bull), the price of ₹2,285 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 18% below its 52-week high and 13% 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 −47%, BALKRISIND screens richer than that median.

Fair Value models

Based on fiscal year 2026 figures (about 5 months old). Earnings retained since then (₹21.14 per share) are deliberately not added.

Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →

Model 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
Highest evidence
EPV best evidence ₹539.29 ₹641.98 ₹733.25 74
Residual Income ₹523.99 ₹619.99 ₹1,307 71
ROIC Compounder ₹539.29 ₹744.04 ₹983.08 71
All 16 models by family
Earnings-Based
Graham-Dodd ₹437.26 ₹2,155 ₹2,972 64
Lynch FV ₹580.21 ₹828.87 ₹1,078 61
PEG = 1.0 ₹580.21 ₹828.87 ₹1,078 57
EPV best evidence ₹539.29 ₹641.98 ₹733.25 74
Dividend Discount
Gordon GGM ₹153.85 ₹335.87 ₹565.12 65
DDM Multi-Stage ₹153.85 ₹275.13 ₹350.03 66
Multiples
P/E Multiple ₹1,061 ₹1,415 ₹1,768 63
P/S Multiple ₹503.88 ₹671.83 ₹839.79 58
P/B Multiple ₹819.87 ₹1,093 ₹1,366 55
EV/EBIT ₹1,023 ₹1,378 ₹1,733 66
EV/EBITDA ₹1,028 ₹1,385 ₹1,742 67
EV/Revenue ₹427.69 ₹629.24 ₹830.79 53
Asset-Based
NCAV (Graham) ₹283.35 ₹379.69 ₹566.70 54
Economic Profit
Residual Income ₹523.99 ₹619.99 ₹1,307 71
ROIC Compounder ₹539.29 ₹744.04 ₹983.08 71
Growth Earnings
Growth-Adj P/E ₹915.98 ₹1,309 ₹1,701 67

Widest divergence: Growth Earnings (₹1,309) versus Dividend Discount (₹275.13). Highest evidence: EPV (74).

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Key figures & financial health

P/E ratio 35.6
P/S ratio 4.08 P/E × margin
EPS (TTM) ₹64.26 price ÷ EPS = P/E 35.6
Dividend yield 0.7% payout 24.9%
Net margin 11.5% FY2026
Return on equity 13.9% TTM
More key figures
Profitability
Return on assets (EBIT) 11.0% avg 5y
Operating margin 16.4% TTM
Growth
Revenue (TTM) ₹106B TTM
Revenue growth (YoY) +6.9% 3y avg +3.9%
EPS growth (YoY) −15.0%
Balance sheet & cash flow
Free cash flow −₹7.5B FY2026
Net debt ₹40.5B FY2026

Figures from reported company fundamentals · as of Aug 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 47/100

Of which business quality 49 · Market factors (momentum, volatility) 53

Profitability 47
Margins and returns on capital today
Quality Growth 14
Are margins and returns improving?
Cashflow 40
Earnings quality: real cash, not paper profit
Fin. Strength 74
Balance sheet, leverage, solvency risk
Investment 23
Disciplined investing over empire-building
Low Volatility 80
Calm price path (market factor)
Momentum 47
Price trend over the last 3–12 months (market factor)
52W Momentum 36
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

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.

Full company description

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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

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.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹108B
Latest YoY
+4.5%
Avg. revenue growth/yr (3Y) 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.
+3.9%
Avg. revenue growth/yr (5Y) 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.
+13.8%
Avg. revenue growth/yr (21Y) 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.
+16.3%
Value creation/yr (5Y, in INR) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. 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 yield: the value created per share and year.
Earnings growth per share+1.1%
Dividend yield0.7%
Trend 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.5Y 1.1% vs 10Y 10.2%, flattening
Operating margin (EBIT) 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.24.6% (2021) → 14.1% (2026) · falling
Worst earnings drop34% (2009) · in INR
Revenue +7.2%/yr
FY22 ₹82.1B
FY23 ₹96.5B
FY24 ₹93.0B
FY25 ₹104B
FY26 ₹108B
Net income −3.5%/yr
FY22 ₹14.4B
FY23 ₹10.6B
FY24 ₹14.7B
FY25 ₹16.5B
FY26 ₹12.4B
Character of growth · EPS growth decomposed (2015-2026) +11.5 % p.a.
Revenue per share +12.4 %

of which total revenue +12.4 % · buybacks/dilution +0.0 %

EBIT margin −1.1 %
Tax rate +1.4 %
Residual (interest, one-offs) −1.0 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

BALKRISIND screens 89% overvalued. Compare with O'Reilly Automotive, Inc →

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Cite: Fair Value Calculator (2026). "Balkrishna Industries Limited Fair Value". https://www.fairvalue-calculator.com/stock/BALKRISIND

Peer Group

Auto Parts · 641 stocks

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.

Valuation
Quality Score 47 · Below median
Fair Value upside −47% · Below median
Profitability
Return on equity (TTM) 14% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 12% · Top 25%
Operating margin (TTM) 16% · Top 25%
Growth and dividend
Revenue growth 7% · Above median
Dividend yield (TTM) 0.7% · Below median
Balance sheet
Debt / equity 0.08× · Below median

Valuation Multiples vs Auto Parts median · lower = cheaper

P/E (TTM) 35.6× · Pricier than median
P/B 3.65× · Priciest 25%
P/S (TTM) 3.76× · Priciest 25%
EV/EBITDA 18.4× · Priciest 25%

Context: sector, industry, market

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 15
FUTURE35 · sector 21
PAST56 · sector 28
HEALTH96 · sector 95
DIVIDEND14 · sector 32

VALUE 0: the price sits above our fair-value range.

Insider activity: 45/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Auto Parts stocks, each showing price versus our Fair Value estimate (as of Aug 19, 2026).

Stock Price Fair Value vs Fair Value
O'Reilly Automotive, Inc ORLY $88.50 $47.50 −46%
AutoZone, Inc AZO $2,983 $2,287 −23%
Hyundai Mobis Co 012330 450,500 KRW 643,909 KRW +43%
Fuyao Glass Industry Group 600660 ¥57.67 ¥84.47 +46%
Samvardhana Motherson International Limited MOTHERSON ₹165.30 ₹80.63 −51%
Magna International Inc MGA $65.57 $68.17 +4%
Genuine Parts Company GPC $138.08 $58.07 −58%
Bosch Limited BOSCHLTD ₹48,700 ₹11,534 −76%
Ningbo Tuopu Group 601689 ¥45.82 ¥28.28 −38%
Bharat Forge Limited BHARATFORG ₹2,063 ₹393.20 −81%

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Frequently asked questions

Is Balkrishna Industries Limited (BALKRISIND) overvalued or undervalued?
As of Aug 19, 2026, our model estimates a fair value of ₹1,211 versus a price of ₹2,285, about −47% upside (overvalued).
What is the fair value of BALKRISIND?
Our model-based fair value for Balkrishna Industries Limited is ₹1,211 (as of Aug 19, 2026), built from audited fundamentals. The current price: ₹2,285.
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 Aug 19, 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 −47% upside versus a price of ₹2,285 (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 Aug 19, 2026).
What is the net profit margin of BALKRISIND?
The net profit margin of Balkrishna Industries Limited is about 12.3%, meaning it keeps roughly 12.3% of revenue as net income. Based on the latest reported figures.
Does Balkrishna Industries Limited pay a dividend?
Balkrishna Industries Limited currently shows a dividend yield of about 0.70% relative to its recent price (as of Aug 19, 2026).
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