Questions across 3 calls

Ankit Kanodia

Smart Sync Services

Balkrishna Industries Limited

Balkrishna Industries Limited CC-Dec24.pdf · 2025-01-27

Most of my questions have been answered. Sir, I just had one question. What I mean is that over the last 3 and 3.5 years, our stock price has almost been plateaued. We are at the same level. And from a business perspective, from peaking the volumes in FY '23, the volumes came down, and now we are slowly seeing the volumes inching up. And given that the strong cash flows we have, the kind of cash we have on books and the high dividend payout, at the Board level, do we also discuss about a possible buyback at some point of time?

Any reason you would want to share why you are not looking at...

Balkrishna Industries Limited CC-Dec23.pdf · 2024-01-25

My first question is related to our Indian market. So, in the last 6 or 7 years, we have ramped up our Indian operations really fast, as I'm seeing op erations with sales in India. So, now that we have close to 30% of sales from India, do we see the growth rate in the Indian market sustain this high volume level?

Great. So, my follow-up to this question would be, sir, then it would be fair to assume that maybe 3 to 4 years down the line, India would be either at par with Europe or maybe even more than Europe. So if you can share more color on the margin front, on the type of products which we - - or the product mix here and the competitive intensity compared to Europe? If you can just share some more color and compare the Indian market with the European market, that would be very helpful, sir?

Balkrishna Industries Limited CC-Sep23.pdf · 2023-10-23

So on the point of market share in India as we talk about. So if you do just back of the envelope calculation: We did about 137,000 metric ton s total. And 28% of that comes to about 38,500, but when we look at the Indian market units, so it -- as in the volume number doesn't come in metric tons while we share it in metric tons, but what is available online or outside is basically in million units, so would you be able to share more color on that, as to how much metric ton leads to one unit on an average? That will help us to...

Right. So my follow -up question with this is 4% to 5% sounds that is too low for the Indian market because competitors staying which are there in the export market when we look at the Indian market? Do we have the same competitive intensity here? Do we have the same...