There Is No Balking On 13,689% Returns: Balkrishna Industries

Published by Trinkerr Academy on

If you had ₹1 lakh invested in Balkrishna Industries in October 2008, you could have bagged ₹1.37 crores today. This multibagger has given its investors returns of 13,689% in 14 years. Here’s a sneak peek at the company’s performance.

🚗 Stock Name: Balkrishna Industries

⭐ About The Company
Founded in 1987, Balkrishna Industries is the establishment of Mahabirprasad Poddar. Headquartered in Mumbai, the company deals with a series of specialist tyres for mining, gardening and agriculture. Balkrishna Tyres’ first manufacturing facility was in Aurangabad.

💵 Revenue
The company earned a revenue of ₹2,373 crores in FY22. In addition to its nationwide presence, the company has established an international presence in parts of Asia, North America and Europe. it has a 6% global market share with 83% of its revenue coming from exports. India is the fourth-largest player in the international tyre market and also has among the lowest labour costs.

It has five factories in India:
🛞 Aurangabad
🛞 Bhiwadi
🛞 Chopanki
🛞 Dombivali
🛞 Bhuj

🌍 Global Ranking
Ranking 41st among the world’s tyre manufacturers, Balkrishna Industries has a workforce of about 6000 employees. It is the original equipment manufacturing (OEM) trader for industrial accessories contractors like JCB, CNH Industrial and John Deere.

🔮 Future Prospects
Growth prospects for Balkrishna industries are promising as the off-road tyre market is growing in Canada and in the American West Coast states. Balkrishna Industries targets to double its global market share to 10%.

💰 Stock Value
💵 On October 29, 2008, the shares of the company were trading at ₹14.10, while they were priced at ₹1944.25 as of October 28, 2022.


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