Balkrishna Industries Ltd

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

Balkrishna Industries Ltd

₹ 2,583 -0.32%
06 Dec - close price
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 ₹ 49,934 Cr.
  • Current Price ₹ 2,583
  • High / Low ₹ 2,683 / 1,909
  • Stock P/E 49.8
  • Book Value ₹ 426
  • Dividend Yield 0.62 %
  • ROCE 14.2 %
  • ROE 14.2 %
  • Face Value ₹ 2.00
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Pros

  • Company has been maintaining a healthy dividend payout of 31.8%

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

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
1,579 1,505 1,746 1,813 2,050 2,030 2,374 2,646 2,704 2,142 2,318 2,120 2,226
1,042 1,028 1,204 1,300 1,530 1,587 1,874 2,191 2,260 1,885 1,847 1,639 1,707
Operating Profit 537 476 542 513 520 443 500 455 445 257 471 481 518
OPM % 34% 32% 31% 28% 25% 22% 21% 17% 16% 12% 20% 23% 23%
18 51 58 78 133 112 108 102 226 43 54 104 107
Interest 3 2 2 2 2 2 2 3 4 14 25 21 23
Depreciation 101 102 103 104 108 115 117 126 134 145 151 154 159
Profit before tax 451 424 495 485 543 439 488 429 532 142 348 411 444
Tax % 25% 24% 25% 32% 30% 25% 23% 25% 24% 30% 27% 24% 24%
339 322 372 331 377 329 374 320 404 100 256 312 335
EPS in Rs 17.56 16.65 19.25 17.13 19.51 17.00 19.33 16.54 20.89 5.15 13.22 16.15 17.35
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
2,819 3,189 3,575 3,776 3,220 3,728 4,447 5,244 4,782 5,758 8,267 9,811 8,806
2,313 2,525 2,681 3,040 2,365 2,596 3,340 3,929 3,530 3,971 6,291 8,090 7,078
Operating Profit 506 665 894 736 855 1,132 1,108 1,315 1,252 1,786 1,976 1,721 1,728
OPM % 18% 21% 25% 19% 27% 30% 25% 25% 26% 31% 24% 18% 20%
3 4 14 278 133 250 336 211 248 161 431 333 308
Interest 28 26 25 47 40 21 14 11 9 10 8 46 82
Depreciation 83 108 165 240 282 304 311 333 368 406 444 557 609
Profit before tax 398 535 718 728 665 1,056 1,118 1,183 1,123 1,531 1,954 1,451 1,345
Tax % 33% 34% 32% 33% 34% 32% 34% 34% 16% 25% 28% 26%
269 356 488 489 439 716 739 782 945 1,155 1,411 1,079 1,003
EPS in Rs 13.89 18.41 25.26 25.29 22.69 37.02 38.24 40.45 48.88 59.77 72.97 55.80 51.87
Dividend Payout % 5% 4% 4% 5% 12% 11% 21% 20% 41% 28% 38% 29%
Compounded Sales Growth
10 Years: 12%
5 Years: 17%
3 Years: 27%
TTM: -10%
Compounded Profit Growth
10 Years: 11%
5 Years: 8%
3 Years: 5%
TTM: -30%
Stock Price CAGR
10 Years: 34%
5 Years: 24%
3 Years: 16%
1 Year: 25%
Return on Equity
10 Years: 19%
5 Years: 18%
3 Years: 18%
Last Year: 14%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 19 19 19 19 19 19 39 39 39 39 39 39 39
Reserves 1,061 1,400 1,865 2,272 2,762 3,532 4,057 4,640 4,989 5,969 6,886 7,550 8,191
1,673 2,074 2,350 2,358 1,880 1,361 835 830 863 894 2,443 3,254 2,833
362 495 639 665 720 843 914 921 840 1,139 1,490 1,429 1,416
Total Liabilities 3,116 3,989 4,874 5,315 5,382 5,756 5,845 6,430 6,731 8,040 10,857 12,272 12,478
828 1,278 2,329 2,415 2,858 2,849 2,849 2,786 3,277 3,334 3,986 5,349 5,694
CWIP 450 946 476 634 231 110 118 585 586 856 1,258 1,392 1,318
Investments 32 33 427 445 866 1,350 1,103 1,083 1,063 1,418 1,897 2,037 2,243
1,805 1,733 1,642 1,821 1,426 1,448 1,774 1,975 1,806 2,432 3,715 3,494 3,223
Total Assets 3,116 3,989 4,874 5,315 5,382 5,756 5,845 6,430 6,731 8,040 10,857 12,272 12,478

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
74 550 594 979 1,095 842 753 813 1,164 1,363 881 1,414
-677 -959 -1,241 -428 -569 -534 -92 -621 -656 -1,158 -1,889 -1,772
950 318 390 -130 -656 -616 -655 -173 -521 -194 1,003 359
Net Cash Flow 346 -91 -257 421 -129 -308 6 19 -13 11 -5 1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 62 58 63 58 43 40 41 40 50 46 48 47
Inventory Days 103 88 112 73 100 106 101 106 100 144 158 117
Days Payable 43 49 79 70 87 84 67 53 62 100 78 36
Cash Conversion Cycle 122 97 96 61 56 63 75 92 87 90 129 128
Working Capital Days 117 100 97 40 -10 18 58 74 67 67 84 76
ROCE % 20% 18% 19% 17% 15% 20% 22% 22% 19% 23% 23% 14%

Shareholding Pattern

Numbers in percentages

Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
58.30% 58.30% 58.30% 58.30% 58.29% 58.29% 58.29% 58.30% 58.30% 58.30% 58.30% 58.30%
15.54% 14.40% 15.18% 15.42% 15.07% 14.05% 14.30% 12.96% 12.45% 12.42% 12.40% 12.53%
14.96% 14.60% 14.09% 12.56% 11.59% 11.78% 11.17% 18.81% 20.12% 20.21% 20.90% 21.11%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.10% 0.10% 0.10% 0.10% 0.10%
11.20% 12.71% 12.44% 13.73% 15.05% 15.87% 16.24% 9.84% 9.03% 8.99% 8.30% 7.94%
No. of Shareholders 70,40394,37182,0721,04,5261,27,8161,39,9131,35,3951,73,8021,58,2011,46,8041,40,4901,36,214

* 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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