Balkrishna Industries Ltd

Balkrishna Inds Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Balkrishna Industries Ltd

₹ 3,049 -0.05%
03 Jun 4:01 p.m.
bkt-tires.com BSE: 502355 NSE: BALKRISIND
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

Global Presence
BKT is India’s Leading player in the Global ‘Off Highway Tire (OHT)’ Market.[1] Company sells its tyres in 160+ countries through its distribution network in Europe, America, Australia. [2]It received 46% of its sales from Europe, followed by India (22%), Americas (20%) & Rest of World (12%).[3]

Website BSE NSE
  • Market Cap ₹ 58,940 Cr.
  • Current Price ₹ 3,049
  • High / Low ₹ 3,180 / 2,194
  • Stock P/E 41.0
  • Book Value ₹ 458
  • Dividend Yield 0.52 %
  • ROCE 17.7 %
  • ROE 17.5 %
  • Face Value ₹ 2.00
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Pros

  • Company has been maintaining a healthy dividend payout of 29.5%

Cons

* 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.

Peer comparison

Sector: Tyres Industry: Tyres

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
1,746 1,813 2,050 2,030 2,374 2,646 2,704 2,142 2,318 2,120 2,226 2,280 2,673
1,204 1,300 1,530 1,587 1,874 2,191 2,260 1,885 1,847 1,639 1,707 1,741 2,008
Operating Profit 542 513 520 443 500 455 445 257 471 481 518 539 665
OPM % 31% 28% 25% 22% 21% 17% 16% 12% 20% 23% 23% 24% 25%
58 78 133 112 108 102 226 43 54 104 107 66 171
Interest 2 2 2 2 2 3 4 14 25 21 23 35 30
Depreciation 103 104 108 115 117 126 134 145 151 154 159 159 172
Profit before tax 495 485 543 439 488 429 532 142 348 411 444 411 634
Tax % 25% 32% 30% 25% 23% 25% 24% 30% 27% 24% 24% 25% 24%
372 331 377 329 374 320 404 100 256 312 335 309 481
EPS in Rs 19.25 17.13 19.51 17.00 19.33 16.54 20.89 5.15 13.22 16.15 17.35 15.99 24.87
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
3,189 3,575 3,776 3,220 3,728 4,447 5,244 4,782 5,758 8,267 9,811 9,299
2,525 2,681 3,040 2,365 2,596 3,340 3,929 3,530 3,971 6,291 8,090 7,095
Operating Profit 665 894 736 855 1,132 1,108 1,315 1,252 1,786 1,976 1,721 2,204
OPM % 21% 25% 19% 27% 30% 25% 25% 26% 31% 24% 18% 24%
4 14 278 133 250 336 211 248 161 431 333 448
Interest 26 25 47 40 21 14 11 9 10 8 46 109
Depreciation 108 165 240 282 304 311 333 368 406 444 557 644
Profit before tax 535 718 728 665 1,056 1,118 1,183 1,123 1,531 1,954 1,451 1,899
Tax % 34% 32% 33% 34% 32% 34% 34% 16% 25% 28% 26% 24%
356 488 489 439 716 739 782 945 1,155 1,411 1,079 1,438
EPS in Rs 18.41 25.26 25.29 22.69 37.02 38.24 40.45 48.88 59.77 72.97 55.80 74.37
Dividend Payout % 4% 4% 5% 12% 11% 21% 20% 41% 28% 38% 29% 22%
Compounded Sales Growth
10 Years: 10%
5 Years: 12%
3 Years: 17%
TTM: -5%
Compounded Profit Growth
10 Years: 11%
5 Years: 14%
3 Years: 9%
TTM: 39%
Stock Price CAGR
10 Years: 25%
5 Years: 31%
3 Years: 11%
1 Year: 33%
Return on Equity
10 Years: 18%
5 Years: 18%
3 Years: 17%
Last Year: 17%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 19 19 19 19 19 39 39 39 39 39 39 39
Reserves 1,400 1,865 2,272 2,762 3,532 4,057 4,640 4,989 5,969 6,886 7,550 8,823
2,074 2,350 2,358 1,880 1,361 835 830 863 894 2,443 3,254 3,037
495 639 665 720 843 914 921 840 1,139 1,490 1,429 1,706
Total Liabilities 3,989 4,874 5,315 5,382 5,756 5,845 6,430 6,731 8,040 10,857 12,272 13,605
1,278 2,329 2,415 2,858 2,849 2,849 2,786 3,277 3,334 3,986 5,349 6,284
CWIP 946 476 634 231 110 118 585 586 856 1,258 1,392 944
Investments 33 427 445 866 1,350 1,103 1,083 1,063 1,418 1,897 2,037 2,687
1,733 1,642 1,821 1,426 1,448 1,774 1,975 1,806 2,432 3,715 3,494 3,690
Total Assets 3,989 4,874 5,315 5,382 5,756 5,845 6,430 6,731 8,040 10,857 12,272 13,605

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
550 594 979 1,095 842 753 813 1,164 1,363 881 1,414 2,052
-959 -1,241 -428 -569 -534 -92 -621 -656 -1,158 -1,889 -1,772 -1,468
318 390 -130 -656 -616 -655 -173 -521 -194 1,003 359 -568
Net Cash Flow -91 -257 421 -129 -308 6 19 -13 11 -5 1 17

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 58 63 58 43 40 41 40 50 46 48 47 61
Inventory Days 88 112 73 100 106 101 106 100 144 158 117 104
Days Payable 49 79 70 87 84 67 53 62 100 78 36 73
Cash Conversion Cycle 97 96 61 56 63 75 92 87 90 129 128 91
Working Capital Days 100 97 40 -10 18 58 74 67 67 84 76 130
ROCE % 18% 19% 17% 15% 20% 22% 22% 19% 23% 23% 14%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
58.30% 58.30% 58.29% 58.29% 58.29% 58.30% 58.30% 58.30% 58.30% 58.30% 58.30% 58.30%
15.18% 15.42% 15.07% 14.05% 14.30% 12.96% 12.45% 12.42% 12.40% 12.53% 12.69% 12.24%
14.09% 12.56% 11.59% 11.78% 11.17% 18.81% 20.12% 20.21% 20.90% 21.11% 21.32% 21.97%
0.00% 0.00% 0.00% 0.00% 0.00% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.11%
12.44% 13.73% 15.05% 15.87% 16.24% 9.84% 9.03% 8.99% 8.30% 7.94% 7.59% 7.38%
No. of Shareholders 82,0721,04,5261,27,8161,39,9131,35,3951,73,8021,58,2011,46,8041,40,4901,36,2141,25,3411,34,831

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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