Date 05.08.2026
Balkrishna Industries
Timeframe : Day Chart
Cmp 2515
Long with caution
Rsi = 70 + Resistance Zone Band since 2024
Past few refrence highlighted
Profit growth (ttm) -3%
Sales growth (ttm) +10%
(1) Ocean freight rates spiked drastically, rising well above their historic average of 5% of revenue
(2) Continuous geopolitical uncertainty has choked major shipping routes, creating severe vessel and container shortages
(3) BKT experienced roughly a 5% inflation in raw material costs, with sequential increases continuing to weigh heavily on gross margins
(4) Higher import tariffs imposed on items entering the U.S. forced BKT to absorb extra costs or adjust pricing, directly biting into profit streams from the North American market
Geography-Wise
(1) Europe: 40%
(2) India: 36%
(3) Americas: 13%
(4) RoW: 11%
Replacement of USA
(1) Sales momentum in India has been incredibly strong, with domestic volumes climbing to account for nearly 35% to 40% of the total mix. However, domestic mass-market lines yield structurally lower profit margins than international niche Off-Highway Tyre (OHT) exports.
(2) While BKT’s regional mix has recently rebalanced slightly due to massive growth in domestic volumes (making India and Europe almost neck-and-neck at around ~38% to 40% volume share each), Europe remains their core higher-margin, premium export engine
(3) India-EU FTA provides structural advantages across multiple fronts
(4) The implementation of the FTA phases out these customs duties down to zero over time. BKT can either pass these savings down to European farmers and construction OEMs to gain market share or absorb the tax cut to drastically improve its compressed bottom-line margins
Regards,
Ankur
Balkrishna Industries
Timeframe : Day Chart
Cmp 2515
Long with caution
Rsi = 70 + Resistance Zone Band since 2024
Past few refrence highlighted
Profit growth (ttm) -3%
Sales growth (ttm) +10%
(1) Ocean freight rates spiked drastically, rising well above their historic average of 5% of revenue
(2) Continuous geopolitical uncertainty has choked major shipping routes, creating severe vessel and container shortages
(3) BKT experienced roughly a 5% inflation in raw material costs, with sequential increases continuing to weigh heavily on gross margins
(4) Higher import tariffs imposed on items entering the U.S. forced BKT to absorb extra costs or adjust pricing, directly biting into profit streams from the North American market
Geography-Wise
(1) Europe: 40%
(2) India: 36%
(3) Americas: 13%
(4) RoW: 11%
Replacement of USA
(1) Sales momentum in India has been incredibly strong, with domestic volumes climbing to account for nearly 35% to 40% of the total mix. However, domestic mass-market lines yield structurally lower profit margins than international niche Off-Highway Tyre (OHT) exports.
(2) While BKT’s regional mix has recently rebalanced slightly due to massive growth in domestic volumes (making India and Europe almost neck-and-neck at around ~38% to 40% volume share each), Europe remains their core higher-margin, premium export engine
(3) India-EU FTA provides structural advantages across multiple fronts
(4) The implementation of the FTA phases out these customs duties down to zero over time. BKT can either pass these savings down to European farmers and construction OEMs to gain market share or absorb the tax cut to drastically improve its compressed bottom-line margins
Regards,
Ankur
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.