Latest news with #BKT
Mint
29-05-2025
- Business
- Mint
Stocks to trade today: Trade Brains Portal recommends two stocks for 29 May
Stock market today: India's benchmark equity indices fell for a second consecutive session on Wednesday, 28 May, as selling pressure in heavyweights—led by ITC Ltd—weighed on sentiment. Despite strong cues from Wall Street, profit booking in auto, IT, and metal stocks dragged the market lower. The Nifty 50 slipped 63 points, or 0.3%, to close at 24,752, while the Sensex fell 240 points, or 0.29%, to end at 81,312. Broader markets fared better, with the Nifty Smallcap 100 rising 0.33% and the Nifty Midcap 100 ending flat. Against this backdrop, we have picked two stocks—one from the tyre sector and the other from the consumer durable sector for Thursday, 29 May. We also analyse the market's performance on Wednesday to understand what may lie ahead for the stock indices in the coming days. Stocks to trade today as recommended by Trade Brains Portal: Balkrishna Industries Ltd (BKT) Current price: ₹ 2472 Target price: ₹ 3,120 in 12 months Stop-loss: ₹ 2,148 Why it's recommended: Balkrishna Industries is a leading player in the off-highway tyre (OHT) market, catering to sectors such as agriculture, construction, mining, forestry, and industrial applications. With a global footprint in over 160 countries and marquee clients including John Deere, JCB, Caterpillar, AGCO, and TAFE, BKT is targeting an 8% share of the global OHT market. The company operates five tyre manufacturing plants across Rajasthan, Maharashtra, and Gujarat. In FY25, it sold 3,15,273 metric tonnes (MT) of tyres, marking 8% year-on-year growth. Financial performance (FY25): Revenue: ₹10,447 crore (+11.5% YoY) Ebitda: ₹2,682 crore (+16% YoY) Ebitda margin: 25.26% (+50 bps YoY) PAT: ₹1,655 crore (+12.5% YoY) Of total FY25 volumes, 59.9% came from agriculture and 36.6% from the off-the-road (OTR) segment. Europe accounted for 45.1% of volumes, while India contributed 28.6%. BKT has guided for 17% CAGR in revenue through FY30, aiming to reach ₹23,000 crore. It plans to invest ₹3,500 crore over the next three years to expand facilities in Bhuj for carbon black, power generation, CV tyres, rubber tracks, and PCR tyres. In the OHT segment, ongoing capex and de-bottlenecking will boost capacity by 35,000 MTPA to 425,000 MTPA. The company aims to raise the OHT segment's contribution to 70% of total revenue by FY30. Read this | Tata Sons feels the heat as TCS shrinks dividend for the first time in 20 years Risk factors: BKT is significantly exposed to fluctuations in the prices of key raw materials like natural rubber and crude oil derivatives. The company also faces foreign currency risk, as a major chunk of revenue comes from outside India. Recent developments like tariffs may impact BKT due to higher import costs. Symphony Ltd Current price: ₹ 1214 Target price: ₹ 1,360 in 12 months Stop-loss: ₹ 1,140 Why it's recommended: Founded in 1988 in Gujarat, Symphony Ltd has grown into a global air-cooling powerhouse with a presence in over 60 countries. It is the world's largest manufacturer of air coolers and commands leadership in the segment with over 25 million installations. The company has built strong IP-led differentiation, holding 201 trademarks, 64 registered designs, 15 copyrights, and 48 patents. Its product range includes 15+ industrial and commercial cooler models, backed by direct presence on four continents. Financial performance (FY25): Revenue: ₹1,576 crore (+36% YoY) EBITDA: ₹316 crore (+83% YoY) PAT: ₹213 crore (+44% YoY) Of total revenue, 90% ( ₹1,065 crore) came from the domestic market, with the remaining 10% ( ₹117 crore) from exports. Symphony pegs its global brand value at ₹13,000 crore. The company is focusing on expanding exports, particularly to the USA, Brazil, Europe, the Middle East, and other high-potential regions. Brazil, the world's fourth-largest cooler market, remains a strategic focus. Symphony plans to deepen its product offerings and expand its dealer network. It is also investing in innovation—offering features like digital controls, fuzzy logic, stylized design, and low-resource optimization. Having pioneered BLDC (brushless DC motor) coolers in India, Symphony is now exploring the BLDC fan market. It aims to tap into the growing $2 billion segment, expected to expand at 9–9.5% CAGR through 2029. Read this | NTPC's project execution delays remain its Achilles heel Risk factors: Symphony largely has seasonal business, so demand estimates might not work as company performance may decline when there is a weak or delayed summer. The company has over-dependency on the air cooler segment, diversification of the product portfolio is needed as there is growing competition within the air cooler market. Market Recap: May 28 Indian equity markets extended losses for the second consecutive session on Wednesday, with benchmark indices opening in the red and facing pressure throughout the day due to fund outflows and heightened activity in the primary markets. The Nifty 50 opened at 24,832.50 and hit an intraday low of 24,737.05, before closing at 24,752.45, down 73.75 points or 0.30%. The index remains above its 20-, 50-, 100-, and 200-day EMAs on the daily chart, with a Relative Strength Index (RSI) of 56.15. The BSE Sensex opened lower at 81,457.61 and fell to a low of 81,244.02, ending the day at 81,312.32, down 239.31 points or 0.29%. Sectoral Highlights: Top Gainer: Nifty Media rose 1.04% to close at 1,707.55. Key gainers included Network18 Media (+5.25%), Dish TV India Ltd. (+5%), and PVR Ltd. (+2.26%). Top Loser: Nifty FMCG declined 1.49% to 55,703.85, dragged down by a major block deal in ITC Ltd., where British American Tobacco offloaded 385 million shares (~3% equity). ITC Ltd. fell 3.16%, followed by Emami Ltd. (-1.79%) and Nestle India Ltd. (-1.70%). Global Markets Asian markets mirrored weak sentiment: Hang Seng: -0.53% at 23,258.31; Shenzhen Component: -0.26% at 10,003.27; Nikkei 225: Flat at 37,722.40 Also read | Four fast-growing space stocks to add to your watchlist Meanwhile, US markets saw a sharp rebound. The Dow Jones Industrial Average closed 1.78% higher at 42,343.65, buoyed by President Donald Trump's decision to delay 50% tariffs on European imports and a rise in US consumer confidence, which improved investor sentiment. Trade Brains Portal is a stock analysis platform. Its trade name is Dailyraven Technologies Pvt. Ltd, and its Sebi-registered research analyst registration number is INH000015729. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
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Business Standard
26-05-2025
- Automotive
- Business Standard
Tyre maker Balkrishna Industries' stock down 10% in firm market; here's why
Balkrishna Industries share price today Balkrishna Industries (BKT) shares slipped 10 per cent to ₹2,385 on the BSE in Monday's intraday trade, in an otherwise firm market, after the company reported lower-than-expected profit after tax (PAT) in the March 2025 quarter (Q4FY25) primarily due to forex loss. The company also plans a modular entry into premium passenger car radial tires and commercial vehicles radial tires with initial focus on the domestic replacement market in both categories. At 09:34 AM, BKT was quoting 9.7 per cent lower at ₹2,402.70, as compared to 0.78 per cent rise in the BSE Sensex. Q4 results Balkrishna Industries' reported standalone net sales for the quarter were up 2.8 per cent year-on-year (Y-o-Y), at ₹2,747 crore, amid flat tyre sales volume of 82,062 tonne. Earnings before interest, taxes, depreciation and amortisation (Ebitda) margins in Q4FY25 came in at 21.9 per cent, down 124 bps Q-o-Q. The margin contracted due to higher input costs, which are likely to have peaked in Q4. PAT for the quarter stood at ₹362 crore, down 24.7 per cent Y-o-Y, primarily due to an unrealised forex loss. Management commentary The management earmarked an ambitious five-year roadmap to scale up revenue by 2.2x to ₹23,000 crore by 2030. This would be driven by continued outperformance in its core OHT segment (70 per cent contribution estimate by 2030), where it targets to move to an 8 per cent share by 2030 from 6 per cent currently, for which capacity is being expanded to 425k MT per annum from the current 360k MT per annum; 10 per cent contribution from sales of carbon black to a third party, for which carbon black capacity is being increased to 360k mtpa from the current 200k mtpa; and a foray into Truck and Bus Radial (TBR) and premium Passenger Car Radial (PCR) segments, which is expected to contribute to 20 per cent of revenue by 2030. For this ambitious growth, BKT has earmarked ₹3,500 crore capex over the next three years, in addition to the ₹50-70 crore capex that would be invested in the core segment. Given its backward integration capabilities and market understanding, management does not expect this foray to materially dilute either margins or returns by 2030. Motilal Oswal Financial Services on Balkrishna Industries shares BKT continues to face demand headwinds in its key global markets. Hence, the brokerage firm has cut its earnings estimates by 8 per cent each for FY26/FY27. Further, its foray into the PCR/TBR segments is likely to be critically monitored from here on for whether or not it is able to gain material traction in these segments and would margins and returns be materially dilutive in the long run. "While the stock has not done well in the recent past and its valuations at 27.7x FY26E and 22.9x FY27E are not too demanding, its future target multiple is likely to be a function of its success in these new segments," MOFSL said. The success will not only be in terms of market share gains but also without materially hurting core returns – which is likely to be a herculean task, in our opinion. The brokerage retained its target multiple for BKT and continues to value it at 22x FY27E. However, this may warrant a change going forward if BKT's returns plunge due to this foray. Reiterate Neutral with a target price of ₹ 2,553. ALSO READ | ICICI Securities on Balkrishna Industries The company announced a focused capex of ₹3,500 crore over three years — entirely funded through internal accruals — is aimed at expanding capacity in its core Off-Highway Tire (OHT) segment, scaling its carbon black operations, and entering new high-potential radial tire categories in India (TBR, PCR replacement). With clear revenue targets for each growth lever, backward integration benefits, and a healthy net cash position, BKT is well-positioned to compound earnings over the medium term. However, these new segments have historically commanded less margins, RoCE profile, and valuations than BKT's base OHT business, which will have long term implications for its blended margins, RoCE's and valuations. The brokerage firm expects the stock to open negative on its diversification efforts into mass segments carbon black and TBR & PCR segments. This shall challenge the premium valuations commanded by the company in the past.
Time of India
16-05-2025
- Time of India
Truck crashes into six shops in BKT, none hurt
Lucknow: A major accident was averted in Bakshi-ka-Talab area when a speeding truck lost control and rammed into roadside shops early Friday morning. The truck narrowly missed the Kasba police outpost. No one was injured as the roads were deserted at the time of the incident. Eyewitnesses said that the truck was headed towards Sitapur when the driver lost control and crashed into six shops. The damaged shops included a disposable plate shop owned by Sanjay Maurya, a chaat corner of Prem Maurya, and a tea shop of Raj Karan. "Anil's fruit stall, Sonpal's clothing shop, and another disposable plate shop of Mangal Maurya also suffered damages," said station house officer, BKT, Sanjay Kumar Singh. "The worst hit was Rajkumar, the owner of a bakery and cold drinks store, who claimed losses amounting to nearly Rs 2 lakh. Pramod Maurya, who runs a chaat stall said that he suffered the loss of around Rs 50,000," he said. Police have taken the truck driver into custody. During questioning, the driver said that he dozed off at the wheel.
Time of India
15-05-2025
- Time of India
Three arrested for kidnapping in Lucknow, victim rescued
Lucknow: The police arrested three individuals in connection with a kidnapping case lodged in the Bakshi Ka Talab police station area. "The victim, a 35-year-old man, was rescued, and a ransom amount of Rs 2 lakh was recovered during the operation," said the police. Police said that on May 15, the complainant, Imran Khan, stated that on May 12, around 6pm, his brother Mohammed Irfan was abducted by two unidentified persons. "The accused allegedly assaulted the victim and forced him into a car, subsequently demanding a ransom of Rs 2 lakh for his release via WhatsApp and phone calls," said the police. An FIR under section 140(2) of the BNS was registered, and a special team was constituted. "Based on technical surveillance and intelligence inputs, the accused were traced near Achramau Tiraha on Kisan Path service lane. They were identified as Utkarsh Singh, 24, a lab technician; Mohd Mufeed, 26, an AC mechanic; and Ramchandra alias Abdullah, 27, a labourer. Four bundles of Rs 500 notes totalling Rs 2 lakh, along with a mobile phone used for ransom, were seized," said the police. "Preliminary investigation suggests that the motive behind the crime was financial gain. The accused are currently in police custody," said BKT SHO Sanjay Kr Singh.
Agriland
09-05-2025
- Automotive
- Agriland
BKT brings VF tech to its combine harvester range
The Indian company Balkrishna Industries Ltd (BKT) has recently developed a new tyre for combine harvesters which is said to tackle the various loads associated with harvesting by wedding high performance, reliability, and eco-friendliness within one tyre. BKT reminds us that load variations due to grain tank filling and emptying can cause considerable stress on tyres, leading to accelerated wear. A further consideration is soil compaction, which is a major concern for farmers as heavy machinery can damage the soil structure, reducing crop yields in the long term. 40% extra load capacity Agrimax Proharvest is BKT's answer to these various demands. it is said to integrate advanced technical solutions to ensure maximum efficiency and reliability thanks to its VF (Very High Flexion) technology, It is claimed that the tyre can carry up to 40% more load than a standard tyre at the same inflation pressure, thus enabling a wider and more even weight distribution on the ground, significantly reducing the risk of compaction and promoting soil conservation. The new tyre boasts a 40% increase in load capacity as well as comfort on the roads The new tyre from BKT features a reinforced polyester casing combined with three layers of steel belts that ensure greater resistance to deformation and superior protection against mechanical stress, extending the service life when high and cyclic loads are experienced. Specific attention has also been paid to the formulation of the tyre compound, which has been developed to provide high cut and chip resistance, as well as resistance against the damage caused by residual stubble or other abrasive materials on the ground. Open tread from BKT The tread features an open-shoulder design that improves traction on rough and wet terrain while enhancing self-cleaning properties, with the rapid release of mud and debris thus being ensured during field and road transfers. However, it is not only about performance in the fields, the new tyre is said to offer excellent handling on the road, ensuring even wear, better steering control, as well as improved driving comfort. What the company refers to as CFO (Cyclic Field Operations) technology enables the tyre to tolerate short term overloads beyond its capacity, according to BKT. These will occur when the combine harvester's tank reaches maximum fill and then returns to standard operating conditions once the load is reduced, structural damage and a longer product life derive from these design parameters.
