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Balkrishna Industries Ltd.

BSE: 502355 Sector: Auto
NSE: BALKRISIND ISIN Code: INE787D01026
BSE LIVE 15:40 | 16 Jan 1085.35 7.50
(0.70%)
OPEN

1090.00

HIGH

1100.15

LOW

1080.00

NSE LIVE 15:53 | 16 Jan 1081.40 1.90
(0.18%)
OPEN

1089.50

HIGH

1098.00

LOW

1077.00

OPEN 1090.00
PREVIOUS CLOSE 1077.85
VOLUME 12250
52-Week high 1280.00
52-Week low 551.35
P/E 15.36
Mkt Cap.(Rs cr) 10489.91
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 1090.00
CLOSE 1077.85
VOLUME 12250
52-Week high 1280.00
52-Week low 551.35
P/E 15.36
Mkt Cap.(Rs cr) 10489.91
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Balkrishna Industries Ltd. (BALKRISIND) - Company History

Balkrishna Industries Ltd, the world's premier manufacturer of pneumatic tyres for special applications was incorporated on November 20, 1961. The company operates mainly in the business segment of tires. They focuse on the production of range of off-highway tires that includes agricultural, industry, material handling, forestry, lawn and garden, construction and earth moving tires. The company has a worldwide distribution network ensuring extensive reach and penetration. During the year 2002-03, the company acquired the Auto Tyre Plant of Govind Rubber Ltd at Bhiwadi in Rajasthan. During the financial year 2004-05, the company launched Tractor Radial Tyres. The company expanded the production capacity in Bhiwadi unit and Waluj unit to 42000 tpa and 18000 tpa respectively. They also installed 5 MW Wind-Farm near Jaisalmer in Rajasthan for captive usage. In February 2005, the company has set up a 100% subsidiary company in UK under the name of BKT (Europe) Ltd to promote sales and marketing of the products of their tyre division in Europe which commenced their business activities on April 1, 2005. The company expanded the production capacity in Bhiwadi unit by 3000 tpa to 45000 tpa. In August 30, 2006, the company incorporated BKT Europe srl in Italy as a wholly owned subsidiary company and in January 2007 they incorporated BKT Exim Ltd as a wholly owned subsidiary. Also they incorporated Balkrishna Paper Mills Ltd and Balkrishna Synthetic Ltd in March 2007 as wholly owned subsidiary companies to facilitate the transfer of their paper and textile processing business respectively. During the year 2006-07, the company increased the production capacity in Bhiwadi unit from 45000 tpa to 48000 tpa and Waluj unit from 18000 tpa to 22000 tpa. Also, the company introduced the product 'Premium Super Chromo Board' in the market. The company has three business activities under their umberlla namely tyre, paper and textile processing. The tyre business is a focused business activity of the company that constitutes more than 80% of company's total business and by vitue of this becomes their core business. In order to pay more attention to their various business activities, the company transfered their Paper business and Textile Processing business to their wholly owned subsidiaries, Balkrishna Paper Mills Ltd and Balkrishna Synthetic Ltd respectively with effecti from April 1, 2007. During the year 2007-08, BKT Tyres Pvt Ltd became the subsidiary of the company. Also BKT (Europe) Ltd and BKT Europe srl ceased to be the subsidiaries of the company due to the disinvestment by the company. The company is in the process to set up a new green field Tyre plant into special economic zone to increase the production capacity. Also the company plans to set up storage facilities at different locations to store finished goods and raw materials.