News

Neutral Balkrishna Industries Ltd For Target Rs.2,890 By Motilal Oswal Financial Services Ltd Operationally better Q2; Demand headwinds to persist Increased capex guidance to INR8-10b for FY25 from INR6-7b earlier * Balkrishna Industries (BIL)’s 2QFY25 was operationally better than expected with EBITDA of INR6.2b (+13% YoY, est. INR5.9b), led by better ASP and lower promotional expenses. However, Adj. PAT was in line. Weak demand in its key markets (ex India) remains the key cause of concern going forward even as margins are likely to stabilize at current levels for H...
Neutral Balkrishna Industries Ltd For Target Rs.2,890 By Motilal Oswal Financial Services Ltd
Neutral Balkrishna Industries Ltd For Target Rs.2,890 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-11-10 11:29:24 am
Neutral Balkrishna Industries Ltd For Target Rs . 2,770 By Motilal Oswal Financial Services Ltd Healthy results but outlook remains weak Demand likely to moderate, while RM/freight costs to increase * BIL’s overall performance was healthy in 1QFY25, led by volume growth and lower operating expenses. However, the management has guided for a muted outlook as demand is likely to moderate and RM and freight costs are likely to increase in the coming quarters, which will dent overall margins. * In the light of these challenges, we cut our FY25/FY26 EPS estimates by ~4% each. We m...
Neutral Balkrishna Industries Ltd For Target Rs . 2,770 By Motilal Oswal Financial Services Ltd
Neutral Balkrishna Industries Ltd For Target Rs . 2,770 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2024-08-14 03:00:46 pm
Neutral Balkrishna Industries Ltd. For Target Rs. 2,535 By Motilal Oswal Financial Services Healthy volume growth boosts overall performance Demand outlook remains uncertain * BIL’s 4QFY24 overall performance significantly beat our estimates, led by strong growth in volumes. EBITDA margins came in at 26.3% (+500bp YoY) due to lower RM and other costs, despite a rise in freight costs (+200bp YoY). The management indicated that demand recovered well in 4Q but remains uncertain. * We raise our FY25E/FY26E EPS by ~12% each to factor in a gradual pickup in demand and resulta...
Neutral Balkrishna Industries Ltd. For Target Rs. 2,535 By Motilal Oswal Financial Services
Neutral Balkrishna Industries Ltd. For Target Rs. 2,535 By Motilal Oswal Financial Services
Source: Yes Securities Ltd.
2024-07-01 05:46:45 pm
Neutral Balkrishna Industries Ltd. For Target Rs. 2,535 By Motilal Oswal Financial Services Healthy volume growth boosts overall performance  Demand outlook remains uncertain * BIL’s 4QFY24 overall performance significantly beat our estimates, led by strong growth in volumes. EBITDA margins came in at 26.3% (+500bp YoY) due to lower RM and other costs, despite a rise in freight costs (+200bp YoY). The management indicated that demand recovered well in 4Q but remains uncertain. * We raise our FY25E/FY26E EPS by ~12% each to factor in a gradual pickup in demand and...
Neutral Balkrishna Industries Ltd. For Target Rs. 2,535 By Motilal Oswal Financial Services
Neutral Balkrishna Industries Ltd. For Target Rs. 2,535 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
2024-07-01 02:40:27 pm
Neutral Balkrishna Industries Ltd. For Target Rs.2360 By Motilal Oswal Financial Service Management has guided for flattish YoY tonnage in 4QFY24 -      Balkrishna Industries (BIL)’s 3QFY24 operating performance was operationally in line, while unrealized Fx loss of INR520m led to Adj PAT miss at INR3.1b (vs. est. INR3.5b). The management has guided for flattish tonnage growth YoY for 4QFY24, followed by an increase in freight cost, due to the ongoing supply chain crisis in Red sea. -  &nb...
Neutral Balkrishna Industries Ltd. For Target Rs.2360 By Motilal Oswal Financial Service
Neutral Balkrishna Industries Ltd. For Target Rs.2360 By Motilal Oswal Financial Service
Source: Motilal Oswal Financial Services Ltd
2024-04-11 03:33:47 pm
Neutral Balkrishna Industries Ltd For Target Rs.2,500 - Motilal Oswal Financial Services Sequential improvement in overall performance Capex guidance at INR9b for FY24 (vs. INR6b earlier)?* Balkrishna Industries (BIL)?s 2QFY24 operating performance beat our estimates, as it saw a healthy sequential recovery in overall business, mainly in India. Export markets remain uncertain, but 2H is expected to better than 1H. FY24 volumes are likely to decline. * We raise our FY24E/FY25E EPS by 3%/2% to factor in favorable FX and better realization. Maintain Neutral with a TP of INR2,5...
Neutral Balkrishna Industries Ltd For Target Rs.2,500 - Motilal Oswal Financial Services
Neutral Balkrishna Industries Ltd For Target Rs.2,500 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2023-10-25 11:57:38 am