Balkrishna Industries (BIL) is engaged in the business of manufacturing and selling of Off-Highway Tyres (OHT) in the specialist segments such as Agricultural, Industrial & Construction and so on. The company’s balance sheet looks strong with reducing debt dependence. The debt-equity has come down to 0.2x in FY19 from 1.4x in FY14. Currently, the stock trades at 27x of its earnings and delivers 22.8% RoCE. It also pays an average annual dividend of 15%. Hence, recommend BUY on the stock.

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