Balkrishna Industries Ltd., has unveiled its latest shareholding reports, covering the quarter and the first half of the fiscal year ending on (Q4-Mar 2023-2024).This comprehensive report offers a deep dive into the company’s shareholding landscape, including details on Promoters, promoter groups, Foreign investors, public investors, and government entities. Through meticulous comparative analysis, it tracks the evolution of shareholding percentages and quantities, highlighting any shifts in ownership dynamics. Investors gain invaluable insights into the company’s ownership structure and the evolving investment landscape.
| Shareholder Name | Previous Quater Quantity(In Crores) | Current Quater Quantity(In Crores) | Previous Quater Shares(in %) | Current Quater Shares(in %) | Quater to Quater Difference |
|---|---|---|---|---|---|
| Promoters | 11.27 | 11.27 | 58.29 | 58.29 | 0 |
| Public | 1.47 | 1.43 | 7.6 | 7.38 | -0.22 % |
| DII | 4.14 | 4.27 | 21.42 | 22.07 | +0.65 % |
| FII | 2.45 | 2.37 | 12.69 | 12.24 | -0.45 % |
| Government | 0.00 | 0.00 | 0 | 0.01 | +0.01 % |
Promoters shareholding remained stable, at 58.29% in both December 2023 and March 2024. This indicates that the promoters’ control over the company did not change during this period. DIIs (Domestic Institutional Investors) shareholding increased from 21.42% in December 2023 to 22.07% in March 2024 , indicating that domestic institutions increased their stake in the company by 0.65% . FIIs (Foreign Institutional Investors) shareholding decreased from 12.69% in December 2023 to 12.24% in March 2024 ,indicating that foreign institutions reduced their investments by 1.5% in the company during the quarter. This suggests a pullback in their investment .During both December 2023 and March 2024, Government ownership saw a notable increase, rising to 0.01%, indicating a strengthening of the government’s position in the company over this period.
Let’s delve deeper into the statistics of the investors, which could have contributed to the fluctuations in the shareholding pattern.
| Shareholder Name | Previous Quarter Quantity (In crores) | Current Quarter Quantity (In crores) | Previous Quarter Shares (in %) | Current Quarter Shares (in %) | Quarter-to-Quarter Difference (%) |
|---|---|---|---|---|---|
| RAJIV PODDAR | 0 | 5.358 | 0 | 27.71 | +27.71% |
| RAJIV A PODDAR | 5.358 | 0 | 27.71 | 0 | -27.71% |
RAJIV PODDAR had no shares in the previous quarter but now holds 27.71% of shares in the current quarter.RAJIV A PODDAR had 27.71% of shares in the previous quarter but exited in the current quarter.
| Shareholder Name | Previous Quarter Quantity (In Crores) | Current Quarter Quantity (In Crores) | Previous Quater Shares (in %) | Current Quater Shares (in %) | Quater-to-Quater Difference (%) |
|---|---|---|---|---|---|
| Resident Individuals holding nominal share capital up to Rs. 2 lakhs | 1.025 | 1.013 | 5.3 | 5.24 | -0.06 % |
| Non Resident Indians (NRIs) | 0.064 | 0.059 | 0.33 | 0.31 | -0.02 % |
| Bodies Corporate | 0.129 | 0.104 | 0.67 | 0.54 | -0.13 % |
| HUF | 0.030 | 0.030 | 0.15 | 0.16 | + 0.01 % |
Observations indicate a sizeable -0.06 % variance in Resident Individuals holding nominal share capital up to Rs. 2 lakhs’s fiscal performance between quarters, necessitating thorough investigation of salient aspects to enable future-proof strategies centered around lasting development.Observations indicate a sizeable -0.02 % variance in Non Resident Indians (NRIs)’s fiscal performance between quarters, necessitating thorough investigation of salient aspects to enable future-proof strategies centered around lasting development.Observations indicate a sizeable -0.13 % variance in Bodies Corporate’s fiscal performance between quarters, necessitating thorough investigation of salient aspects to enable future-proof strategies centered around lasting development.Spearheading a savvy charge towards increased profitability, HUF lifts the bar with a remarkable 0.01 % enhancement in net profit, revealing adroit resource allocation and sharpened commercial instincts.
| Shareholder Name | Previous Quarter Quantity (In Crores) | Current Quarter Quantity (In Crores) | Previous Quater Shares (in %) | Current Quater Shares (in %) | Quater-to-Quater Difference (%) |
|---|---|---|---|---|---|
| Mutual Funds/ | 2.708 | 2.828 | 14.01 | 14.63 | + 0.62 % |
| MOTILAL OSWAL NIFTY 500 ETF | 0.295 | 0.293 | 1.53 | 1.52 | -0.01 % |
| KOTAK EMERGING EQUITY SCHEME | 0 | 0.466 | 0 | 2.41 | +2.41% |
| HDFC LARGE AND MID CAP FUND | 0 | 0.551 | 0 | 2.85 | +2.85% |
| DSP ARBITRAGE FUND | 0 | 0.207 | 0 | 1.07 | +1.07% |
| Alternate Investment Funds | 0.028 | 0.027 | 0.15 | 0.14 | -0.01 % |
| Banks | 0.018 | 0.001 | 0.09 | 0.01 | -0.08 % |
| Insurance Companies | 1.278 | 1.303 | 6.61 | 6.74 | + 0.13 % |
| LIFE INSURANCE CORPORATION OF INDIA | 0.732 | 0.706 | 3.78 | 3.65 | -0.13 % |
| HDFC LIFE INSURANCE COMPANY LIMITED | 0.209 | 0.219 | 1.08 | 1.14 | + 0.06 % |
| Provident Funds/ Pension Funds | 0.089 | 0.088 | 0.46 | 0.45 | -0.01 % |
| KOTAK EQUITY OPPORTUNITIES FUND | 0.502 | 0 | 2.59 | 0 | -2.59% |
| HDFC MUTUAL FUND – HDFC MULTI CAP FUND | 0.522 | 0 | 2.7 | 0 | -2.7% |
| DSP NIFTY MIDCAP 150 QUALITY 50 INDEX FUND | 0.208 | 0 | 1.08 | 0 | -1.08% |
The latest quarter saw a considerable enhancement in profitability for Mutual Funds/, reflecting an uptick of 0.62 % in their net earnings. Such an outcome implies the successful implementation of sound cost optimization techniques and increased income sources, ultimately highlighting the favorable effect of the investor on the corporation’s overall monetary welfare.MOTILAL OSWAL NIFTY 500 ETF decreased their stake from 1.52% in the previous quarter to 1.53% in the current quarter. It describes a decrease in stakes over consecutive quarters, specifically by -0.01 %.Alternate Investment Funds decreased their stake from 0.14% in the previous quarter to 0.15% in the current quarter. It describes a decrease in stakes over consecutive quarters, specifically by -0.01 %.Banks decreased their stake from 0.01% in the previous quarter to 0.09% in the current quarter. It describes a decrease in stakes over consecutive quarters, specifically by -0.08 %.The latest quarter saw a considerable enhancement in profitability for Insurance Companies, reflecting an uptick of 0.13 % in their net earnings. Such an outcome implies the successful implementation of sound cost optimization techniques and increased income sources, ultimately highlighting the favorable effect of the investor on the corporation’s overall monetary welfare.LIFE INSURANCE CORPORATION OF INDIA decreased their stake from 3.65% in the previous quarter to 3.78% in the current quarter. It describes a decrease in stakes over consecutive quarters, specifically by -0.13 %.The latest quarter saw a considerable enhancement in profitability for HDFC LIFE INSURANCE COMPANY LIMITED, reflecting an uptick of 0.06 % in their net earnings. Such an outcome implies the successful implementation of sound cost optimization techniques and increased income sources, ultimately highlighting the favorable effect of the investor on the corporation’s overall monetary welfare.Provident Funds/ Pension Funds decreased their stake from 0.45% in the previous quarter to 0.46% in the current quarter. It describes a decrease in stakes over consecutive quarters, specifically by -0.01 %.KOTAK EMERGING EQUITY SCHEME had no shares in the previous quarter but now holds 2.41% of shares in the current quarter.HDFC LARGE AND MID CAP FUND had no shares in the previous quarter but now holds 2.85% of shares in the current quarter.DSP ARBITRAGE FUND had no shares in the previous quarter but now holds 1.07% of shares in the current quarter.KOTAK EQUITY OPPORTUNITIES FUND had 2.59% of shares in the previous quarter but exited in the current quarter.HDFC MUTUAL FUND – HDFC MULTI CAP FUND had 2.7% of shares in the previous quarter but exited in the current quarter.DSP NIFTY MIDCAP 150 QUALITY 50 INDEX FUND had 1.08% of shares in the previous quarter but exited in the current quarter.
| Shareholder Name | Previous Quarter Quantity (In Crores) | Current Quarter Quantity (In Crores) | Previous Quater Shares (in %) | Current Quater Shares (in %) | Quater-to-Quater Difference (%) |
|---|---|---|---|---|---|
| Foreign Portfolio Investors Category I | 2.393 | 2.301 | 12.38 | 11.9 | -0.48 % |
| Foreign Portfolio Investors Category II | 0.059 | 0.066 | 0.31 | 0.34 | + 0.03 % |
Profitability dwindled by -0.48 % for Foreign Portfolio Investors Category I in comparison to the preceding quarter. To secure a foundation for prospective sustainable progress, investigating the factors prompting this decline is vital.During this past quarter, there was a noteworthy upswing in profitability for Foreign Portfolio Investors Category II, which experienced a significant increase of 0.03 % in net profit.
| Shareholder Name | Previous Quarter Quantity (In Crores) | Current Quarter Quantity (In Crores) | Previous Quater Shares (in %) | Current Quater Shares (in %) | Quater-to-Quater Difference (%) |
|---|---|---|---|---|---|
| Shareholding by Companies or Bodies Corporate where Central / State Government is a promoter | 0.000 | 0.001 | 0 | 0.01 | + 0.01 % |
In the recent quarter, the government’s shareholding in company experienced a remarkable increase, rising from 0% to 0.01%, representing a 0.01 %% surge in its profits compared to the previous quarter. This indicates that the government has increased its control over the company.