According to Nomura, agri tyre exports are up 67 percent and the overall revenue is up 50 percent in the month of September. However, with the introduction of Asian manufacturers, they slowly began to cede market share and are currently down close to 30%. Tyre industries fortunes are directly related to the sales of cars / bikes. Year on year Balkrishna Industries Ltd had revenues fall -7.65% from 52.10bn to 48.11bn, though the company grew net income 24.04% from 7.74bn to 9.60bn. The company generates 80 percent of its revenues from exports. Current market share at 5-6%. share. BALKRISHNA INDUSTRIES share price has plunged 5% and is presently trading at Rs 925.. Among the top losers in the BSE 500 Index today are BALKRISHNA INDUSTRIES (down 5.2%) and HONEYWELL AUTOMATION (down 5.0%).. GSK CONSUMER (up 5.1%) and MAHINDRA CIE AUTO. The brokerage expects the company's second quarter numbers to be strong. Meanwhile, the BSE 500 Index is at 12,422 (down 4.0%).. Shares of Balkrishna Industries advanced 2.88% to Rs 1,452.50 on BSE on Friday, 6 November 2020. Balkrishna Industries, on the other hand, continues to grow. Shares of TVS Srichakra were up by 3.74 per cent in the late afternoon trade, while Balkrishna Industries, Ceat, MRF and Apollo Tyres were up 3.69 per cent, 2.15 per cent, 0.88 per cent and 0.02 per cent, respectively, around 3 pm. The board has declared a second interim dividend of Rs 4 per equity share. Sale from replacement market 75%, OEMs – 20% and 5% off take sales Balkrishna Industries Ltd has taken a price cut of 4-5% due to fall in prices All other tyre scrips - Ceat, Apollo and JK are also trading near 52 week lows. View all financials Explore our tools From 3% in 2011 to 5% in 2018, they've consistently managed to add to their total market share by following a … Balkrishna Industries Ltd. () Stock Market info Recommendations: Buy or sell Balkrishna Industries stock? Shares of Balkrishna Industries have fallen 10% to Rs 967 per share on the BSE in early morning trade after the company's standalone EBITDA (earnings before interest, tax, depreciation and amortization) margin declined 430 bps at 27.7% in September quarter (Q2FY19) from 32.0% in Q2FY18. Balkrishna Industries Ltd aims to have 8-9% market share in the coming years once the Bhuj plant is fully operational. Nomura has rated Balkrishna Industries a buy with a price target of Rs 1626. Most of the tyre stocks rallied in Wednesday’s trade after rubber prices fall in global market. The 2nd quarter saw a dull sale for Maruti / Tata Motors / Mahindra Cars.