Balkrishna Industries Ltd
Balkrishna Industries is engaged in the Business of manufacturing and selling of Off-Highway Tyres (OHT) in the specialist segments such as Agricultural, Industrial & Construction, Earthmovers & Port, Mining, Forestry, Lawn & Garden and All Terrain Vehicles (ATV).
- Market Cap ₹ 31,954 Cr.
- Current Price ₹ 1,653
- High / Low ₹ 1,748 / 678
- Stock P/E 34.0
- Book Value ₹ 281
- Dividend Yield 1.21 %
- ROCE 18.7 %
- ROE 18.5 %
- Face Value ₹ 2.00
Pros
- Company has been maintaining a healthy dividend payout of 27.20%
Cons
- The company has delivered a poor growth of 4.84% over past five years.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,106 | 1,232 | 1,362 | 1,325 | 1,206 | 1,351 | 1,193 | 1,071 | 1,160 | 1,357 | 929 | 1,579 | |
816 | 936 | 1,005 | 993 | 905 | 1,031 | 926 | 804 | 819 | 985 | 698 | 1,042 | |
Operating Profit | 290 | 296 | 358 | 333 | 301 | 320 | 268 | 267 | 341 | 373 | 231 | 537 |
OPM % | 26% | 24% | 26% | 25% | 25% | 24% | 22% | 25% | 29% | 27% | 25% | 34% |
Other Income | 78 | 84 | 82 | 91 | 1 | 40 | 72 | 81 | 30 | 66 | 33 | 18 |
Interest | 2 | 3 | 3 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 |
Depreciation | 80 | 78 | 84 | 83 | 83 | 82 | 84 | 91 | 95 | 98 | 100 | 101 |
Profit before tax | 286 | 298 | 352 | 338 | 216 | 276 | 254 | 256 | 275 | 339 | 162 | 451 |
Tax % | 34% | 35% | 35% | 34% | 33% | 33% | 31% | -14% | 20% | 24% | 25% | 25% |
Net Profit | 190 | 194 | 230 | 222 | 145 | 185 | 176 | 291 | 221 | 257 | 122 | 339 |
EPS in Rs | 9.80 | 10.02 | 11.91 | 11.50 | 7.49 | 9.56 | 9.10 | 15.05 | 11.42 | 13.31 | 6.30 | 17.56 |
Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1,219 | 1,351 | 1,934 | 2,819 | 3,189 | 3,575 | 3,776 | 3,220 | 3,728 | 4,447 | 5,244 | 4,782 | 5,025 | |
1,055 | 1,017 | 1,655 | 2,313 | 2,525 | 2,681 | 3,040 | 2,381 | 2,596 | 3,340 | 3,932 | 3,531 | 3,544 | |
Operating Profit | 164 | 334 | 279 | 506 | 665 | 894 | 736 | 838 | 1,132 | 1,108 | 1,312 | 1,251 | 1,481 |
OPM % | 13% | 25% | 14% | 18% | 21% | 25% | 19% | 26% | 30% | 25% | 25% | 26% | 29% |
Other Income | 38 | 62 | 91 | 3 | 4 | 14 | 279 | 149 | 250 | 336 | 214 | 249 | 148 |
Interest | 38 | 19 | 21 | 28 | 26 | 25 | 47 | 40 | 21 | 14 | 11 | 9 | 10 |
Depreciation | 57 | 66 | 74 | 83 | 108 | 165 | 240 | 282 | 304 | 311 | 333 | 368 | 394 |
Profit before tax | 108 | 311 | 275 | 398 | 535 | 718 | 728 | 665 | 1,056 | 1,118 | 1,183 | 1,123 | 1,226 |
Tax % | 35% | 33% | 33% | 33% | 34% | 32% | 33% | 34% | 32% | 34% | 34% | 16% | |
Net Profit | 70 | 209 | 186 | 269 | 356 | 488 | 489 | 439 | 716 | 739 | 782 | 945 | 939 |
EPS in Rs | 3.63 | 10.79 | 9.60 | 13.89 | 18.41 | 25.26 | 25.29 | 22.69 | 37.02 | 38.24 | 40.45 | 48.88 | 48.59 |
Dividend Payout % | 16% | 6% | 7% | 5% | 4% | 4% | 5% | 12% | 11% | 21% | 20% | 41% |
Compounded Sales Growth | |
---|---|
10 Years: | 13% |
5 Years: | 5% |
3 Years: | 9% |
TTM: | 4% |
Compounded Profit Growth | |
---|---|
10 Years: | 16% |
5 Years: | 13% |
3 Years: | 12% |
TTM: | 18% |
Stock Price CAGR | |
---|---|
10 Years: | 39% |
5 Years: | 40% |
3 Years: | 13% |
1 Year: | 49% |
Return on Equity | |
---|---|
10 Years: | 20% |
5 Years: | 18% |
3 Years: | 18% |
Last Year: | 18% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Sep 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 39 | 39 | 39 | 39 | |
Reserves | 448 | 641 | 812 | 1,061 | 1,400 | 1,865 | 2,272 | 2,762 | 3,532 | 4,057 | 4,640 | 4,989 | 5,390 |
Borrowings | 473 | 464 | 607 | 1,673 | 2,074 | 2,350 | 2,358 | 1,880 | 1,361 | 835 | 830 | 863 | 817 |
332 | 447 | 659 | 362 | 495 | 639 | 665 | 720 | 843 | 914 | 921 | 840 | 973 | |
Total Liabilities | 1,272 | 1,572 | 2,098 | 3,116 | 3,989 | 4,874 | 5,315 | 5,382 | 5,756 | 5,845 | 6,430 | 6,731 | 7,218 |
535 | 615 | 687 | 828 | 1,278 | 2,329 | 2,415 | 2,858 | 2,849 | 2,849 | 2,786 | 3,277 | 3,272 | |
CWIP | 75 | 59 | 44 | 450 | 946 | 476 | 634 | 231 | 110 | 118 | 585 | 586 | 666 |
Investments | 32 | 81 | 32 | 32 | 33 | 427 | 445 | 866 | 1,350 | 1,103 | 1,083 | 1,063 | 1,247 |
631 | 817 | 1,334 | 1,805 | 1,733 | 1,642 | 1,821 | 1,426 | 1,448 | 1,774 | 1,975 | 1,806 | 2,034 | |
Total Assets | 1,272 | 1,572 | 2,098 | 3,116 | 3,989 | 4,874 | 5,315 | 5,382 | 5,756 | 5,845 | 6,430 | 6,731 | 7,218 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
284 | 196 | 59 | 74 | 550 | 594 | 979 | 1,095 | 842 | 753 | 813 | 1,164 | |
-124 | -181 | -158 | -677 | -959 | -1,241 | -428 | -569 | -534 | -92 | -621 | -656 | |
-158 | -23 | 105 | 950 | 318 | 390 | -130 | -656 | -616 | -655 | -173 | -521 | |
Net Cash Flow | 2 | -7 | 7 | 346 | -91 | -257 | 421 | -129 | -308 | 6 | 19 | -13 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
ROCE % | 15% | 32% | 23% | 20% | 18% | 19% | 17% | 15% | 20% | 22% | 22% | 19% |
Debtor Days | 66 | 65 | 61 | 62 | 58 | 63 | 58 | 43 | 40 | 41 | 40 | 50 |
Inventory Turnover | 4.97 | 4.55 | 4.24 | 4.06 | 4.18 | 3.83 | 4.62 | 3.92 | 4.04 | 4.41 | 4.05 | 3.54 |
Documents
Add documentRecent announcements
- Closure of Trading Window 31 Dec
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 25 Dec
- Disclosures under Reg. 10(5) in respect of acquisition under Reg. 10(1)(a) of SEBI (SAST) Regulations, 2011 8 Dec 2020
- Compliance Under Regulation 23(9) Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements), Regulations, 2015 3 Dec 2020
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 27 Nov 2020
View all
Annual reports
- 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 bse
- Financial Year 2013 from nse
- Financial Year 2012 from bse
- Financial Year 2011 from bse
- Financial Year 2011 from nse
- Financial Year 2010 from bse
- Financial Year 2010 from nse