Balkrishna Industries Ltd
₹ 2,191
4.09%
14 May
- close price
About
Balkrishna Industries Limited (BKT) started its Off-Highway tyre business in 1987. For over 30 years, BKT has successfully focused on specialist segments such as agricultural, construction and industrial as well as earthmoving, port and mining, ATV, and gardening applications. [1]
Key Points
- Market Cap ₹ 42,361 Cr.
- Current Price ₹ 2,191
- High / Low ₹ 2,801 / 2,015
- Stock P/E 34.7
- Book Value ₹ 567
- Dividend Yield 0.73 %
- ROCE 12.2 %
- ROE 11.4 %
- Face Value ₹ 2.00
Pros
- Company has been maintaining a healthy dividend payout of 17.7%
Cons
- Stock is trading at 3.86 times its book value
- Company has a low return on equity of 14.0% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Loading peers table ...
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3,776 | 3,220 | 3,728 | 4,447 | 5,244 | 4,782 | 5,758 | 8,267 | 9,811 | 9,299 | 10,413 | 10,820 | |
| 3,040 | 2,365 | 2,596 | 3,340 | 3,929 | 3,530 | 3,971 | 6,291 | 8,090 | 7,094 | 7,991 | 8,557 | |
| Operating Profit | 736 | 855 | 1,132 | 1,108 | 1,315 | 1,252 | 1,786 | 1,976 | 1,721 | 2,205 | 2,422 | 2,263 |
| OPM % | 19% | 27% | 30% | 25% | 25% | 26% | 31% | 24% | 18% | 24% | 23% | 21% |
| 278 | 133 | 250 | 336 | 211 | 248 | 161 | 431 | 333 | 448 | 533 | 248 | |
| Interest | 47 | 40 | 21 | 14 | 11 | 9 | 10 | 8 | 46 | 110 | 125 | 131 |
| Depreciation | 240 | 282 | 304 | 311 | 333 | 368 | 406 | 444 | 557 | 644 | 674 | 764 |
| Profit before tax | 728 | 665 | 1,056 | 1,118 | 1,183 | 1,123 | 1,531 | 1,954 | 1,451 | 1,899 | 2,156 | 1,617 |
| Tax % | 33% | 34% | 32% | 34% | 34% | 16% | 25% | 28% | 26% | 24% | 24% | 24% |
| 489 | 439 | 716 | 739 | 782 | 945 | 1,155 | 1,411 | 1,079 | 1,438 | 1,628 | 1,222 | |
| EPS in Rs | 25.29 | 22.69 | 37.02 | 38.24 | 40.45 | 48.88 | 59.77 | 72.97 | 55.80 | 74.36 | 84.23 | 63.20 |
| Dividend Payout % | 5% | 12% | 11% | 21% | 20% | 41% | 28% | 38% | 29% | 22% | 19% | 13% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 13% |
| 3 Years: | 3% |
| TTM: | 4% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 2% |
| 3 Years: | 6% |
| TTM: | -18% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 21% |
| 5 Years: | 3% |
| 3 Years: | 0% |
| 1 Year: | -20% |
| Return on Equity | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 15% |
| 3 Years: | 14% |
| Last Year: | 11% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 19 | 19 | 19 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 |
| Reserves | 2,272 | 2,762 | 3,532 | 4,057 | 4,640 | 4,989 | 5,969 | 6,886 | 7,550 | 8,823 | 10,345 | 10,928 |
| 2,358 | 1,880 | 1,361 | 835 | 830 | 863 | 894 | 2,443 | 3,254 | 3,037 | 3,214 | 4,051 | |
| 665 | 720 | 843 | 914 | 921 | 840 | 1,139 | 1,490 | 1,429 | 1,706 | 1,962 | 2,695 | |
| Total Liabilities | 5,315 | 5,382 | 5,756 | 5,845 | 6,430 | 6,731 | 8,040 | 10,857 | 12,272 | 13,605 | 15,560 | 17,713 |
| 2,415 | 2,858 | 2,849 | 2,849 | 2,786 | 3,277 | 3,334 | 3,986 | 5,349 | 6,284 | 6,913 | 7,374 | |
| CWIP | 634 | 231 | 110 | 118 | 585 | 586 | 856 | 1,258 | 1,392 | 944 | 985 | 2,472 |
| Investments | 445 | 866 | 1,350 | 1,103 | 1,083 | 1,063 | 1,418 | 1,897 | 2,037 | 2,686 | 3,265 | 3,125 |
| 1,821 | 1,426 | 1,448 | 1,774 | 1,975 | 1,806 | 2,432 | 3,715 | 3,494 | 3,690 | 4,396 | 4,742 | |
| Total Assets | 5,315 | 5,382 | 5,756 | 5,845 | 6,430 | 6,731 | 8,040 | 10,857 | 12,272 | 13,605 | 15,560 | 17,713 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 979 | 1,095 | 842 | 753 | 813 | 1,164 | 1,363 | 881 | 1,414 | 2,052 | 1,753 | 2,224 | |
| -428 | -569 | -534 | -92 | -621 | -656 | -1,158 | -1,889 | -1,772 | -1,468 | -1,477 | -2,504 | |
| -130 | -656 | -616 | -655 | -173 | -521 | -194 | 1,003 | 359 | -568 | -268 | 251 | |
| Net Cash Flow | 421 | -129 | -308 | 6 | 19 | -13 | 11 | -5 | 1 | 17 | 9 | -30 |
| Free Cash Flow | 613 | 857 | 681 | 342 | 93 | 403 | 455 | -699 | -327 | 977 | 308 | -756 |
| CFO/OP | 162% | 155% | 102% | 103% | 93% | 116% | 96% | 68% | 102% | 112% | 92% | 115% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 58 | 43 | 40 | 41 | 40 | 50 | 46 | 48 | 47 | 61 | 56 | 55 |
| Inventory Days | 73 | 100 | 106 | 101 | 106 | 100 | 144 | 158 | 117 | 104 | 124 | 119 |
| Days Payable | 70 | 87 | 84 | 67 | 53 | 62 | 100 | 78 | 36 | 64 | 54 | 64 |
| Cash Conversion Cycle | 61 | 56 | 63 | 75 | 92 | 87 | 90 | 129 | 128 | 100 | 126 | 110 |
| Working Capital Days | -22 | -61 | -36 | 7 | 16 | 1 | 11 | -2 | -7 | -15 | -14 | 2 |
| ROCE % | 17% | 15% | 20% | 22% | 22% | 19% | 23% | 23% | 14% | 16% | 16% | 12% |
Insights
In beta| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Feb 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales Volume MT |
|
|||||||||||
| Achievable Tire Production Capacity MTPA |
||||||||||||
| Carbon Black Capacity MTPA |
||||||||||||
| Number of SKUs count |
||||||||||||
| Global Market Share in Off-Highway Tires (OHT) % |
||||||||||||
Requires Premium
Requires Premium
Extracted by Screener AI
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
2h - Transcript of Conference call with Investors/ Analysts conducted on Saturday, 9th May 2026 to discuss the Q4 and FY26 Results.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 11 May
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
11 May - The officials of the Company will be interacting with Investors (Participants)on 28th May 2026 organised by 360one (B&K Securities) at location Mumbai.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 11 May
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
9 May - Audio recording of 9 May 2026 investor call on Q4 and FY26 results available online.
Annual reports
-
Financial Year 2025
from bse
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from nse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
Concalls
-
May 2026TranscriptAI SummaryPPT
-
Feb 2026Transcript PPT REC
-
Nov 2025Transcript PPT REC
-
Aug 2025Transcript PPT
-
May 2025TranscriptPPT
-
May 2025Transcript PPT
-
Jan 2025Transcript PPT
-
Oct 2024Transcript PPT
-
Aug 2024Transcript PPT
-
May 2024Transcript PPT
-
Jan 2024Transcript PPT
-
Oct 2023Transcript PPT
-
Aug 2023Transcript PPT
-
Jun 2023Transcript PPT
-
Feb 2023Transcript PPT REC
-
Nov 2022TranscriptAI SummaryPPT
-
Aug 2022TranscriptAI SummaryPPT
-
May 2022TranscriptAI SummaryPPT
-
Feb 2022TranscriptAI SummaryPPT
-
Nov 2021TranscriptAI SummaryPPT
-
Aug 2021Transcript PPT
-
May 2021Transcript PPT
-
Feb 2021TranscriptAI SummaryPPT
-
Nov 2020TranscriptAI SummaryPPT
-
Aug 2020TranscriptAI SummaryPPT
-
Jun 2020TranscriptAI SummaryPPT
-
Feb 2020TranscriptAI SummaryPPT
-
Nov 2019TranscriptAI SummaryPPT
-
Aug 2019TranscriptAI SummaryPPT
-
Aug 2019TranscriptAI SummaryPPT
-
May 2019TranscriptAI SummaryPPT
-
May 2019TranscriptAI SummaryPPT
-
Feb 2019TranscriptAI SummaryPPT
-
Nov 2018TranscriptAI SummaryPPT
-
Aug 2018TranscriptAI SummaryPPT
-
May 2018TranscriptAI SummaryPPT
-
Feb 2018TranscriptAI SummaryPPT
-
Nov 2017TranscriptAI SummaryPPT
-
Jul 2017TranscriptAI SummaryPPT
-
May 2017TranscriptAI SummaryPPT
-
May 2016TranscriptAI SummaryPPT
Product Portfolio
The company is one of the world’s leading manufacturers of “Off-Highway Tires” catering to specialty segments like Agricultural, Mining, Construction, Industrial, Earthmover, Port, ATV, and Turf care applications in both cross-ply and radial construction. It has a product range with more than 3,200 SKUs. [1] The company has a 5-6% market share in the global specialty market. [2]