Today’s stock to be analyzed is BALKRISHNA INDUSTRIES LIMITED
Balkrishna Industries Limited is a tyre manufacturing company based in Mumbai, India. While the foundation dates back to the 1950s, it started its off-highway tire business in 1987.
The company has successfully focused on specialist segments such as agricultural, construction, and industrial as well as earthmoving, port and mining, ATV, and gardening applications. The company supplies to all the major construction equipment manufacturers and has a presence in the replacement market of the road construction sector in the domestic market.
The company currently enjoys a 2% market share of the global off-the-road tire segment. It has set up an independent R&D center at its Bhuj plant. Operations of the company had remained suspended for some time due to the COVID-19 pandemic but now, they have gained normalcy in manufacturing activities as well as dispatches to a good extent.