HI Deep,

Thanks for finding and reading my blog as well as appreciating my work.

Yes – at PE 30 BKT Tyres is bit expensive. But if you look at the other tyre companies they are also howering around the same PE level, 26 to 30.

But what I like about BKT Tyres is their Product mix. They cater to Agriculture, Industrial and OTR. In fact, the company is a global player in the Off-Highway tire industry with a 6% market share.

The Company exports 90% of its products to 120 countries across the globe and generate revenues from exports.

Apart from that, the promoters have also increased thier stake in the company to 58.3% from 54.37% in Q3 itself, which shows the strength of the company.

All these are some of the positive points for the company.

Hope I’ve answered your question.

Thanks again.

Keep reading and following my blog by subscribing it.

Regards,
Vishal

Thanks for such a good analysis and i appreciate it.

Well i would like to ask you Balkrishna Industry at a PE of 30 dont you think its a bit expensive. may i get to know your thoughts on valuation of it please.