Balkrishna Industries Ltd
₹ 2,397
0.82%
17 Dec
- 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 ₹ 46,298 Cr.
- Current Price ₹ 2,397
- High / Low ₹ 2,930 / 2,152
- Stock P/E 33.6
- Book Value ₹ 540
- Dividend Yield 0.67 %
- ROCE 16.7 %
- ROE 15.8 %
- Face Value ₹ 2.00
Pros
- Company has been maintaining a healthy dividend payout of 23.0%
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.
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Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3,768 | 3,813 | 3,237 | 3,723 | 4,444 | 5,210 | 4,811 | 5,783 | 8,295 | 9,760 | 9,369 | 10,447 | 10,466 | |
| 2,878 | 3,086 | 2,371 | 2,592 | 3,341 | 3,904 | 3,537 | 3,972 | 6,286 | 8,047 | 7,113 | 7,989 | 8,235 | |
| Operating Profit | 890 | 727 | 866 | 1,131 | 1,103 | 1,306 | 1,274 | 1,811 | 2,009 | 1,712 | 2,256 | 2,458 | 2,232 |
| OPM % | 24% | 19% | 27% | 30% | 25% | 25% | 26% | 31% | 24% | 18% | 24% | 24% | 21% |
| 14 | 277 | 131 | 254 | 340 | 215 | 250 | 171 | 438 | 342 | 449 | 539 | 465 | |
| Interest | 27 | 48 | 40 | 22 | 15 | 12 | 11 | 12 | 9 | 48 | 113 | 129 | 129 |
| Depreciation | 170 | 244 | 282 | 304 | 311 | 333 | 374 | 416 | 455 | 571 | 651 | 681 | 732 |
| Profit before tax | 706 | 713 | 674 | 1,059 | 1,116 | 1,177 | 1,140 | 1,555 | 1,982 | 1,435 | 1,941 | 2,187 | 1,837 |
| Tax % | 33% | 34% | 34% | 32% | 34% | 34% | 16% | 24% | 28% | 26% | 24% | 24% | |
| 475 | 473 | 446 | 717 | 736 | 774 | 960 | 1,178 | 1,435 | 1,057 | 1,471 | 1,655 | 1,380 | |
| EPS in Rs | 24.55 | 24.45 | 23.06 | 37.08 | 38.06 | 40.02 | 49.64 | 60.91 | 74.25 | 54.70 | 76.12 | 85.61 | 71.35 |
| Dividend Payout % | 4% | 5% | 12% | 11% | 21% | 20% | 40% | 28% | 38% | 29% | 21% | 19% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 17% |
| 3 Years: | 8% |
| TTM: | 4% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 13% |
| 3 Years: | 2% |
| TTM: | -15% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 22% |
| 5 Years: | 8% |
| 3 Years: | 4% |
| 1 Year: | -15% |
| Return on Equity | |
|---|---|
| 10 Years: | 18% |
| 5 Years: | 17% |
| 3 Years: | 15% |
| Last Year: | 16% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 19 | 19 | 19 | 19 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 |
| Reserves | 1,876 | 2,257 | 2,756 | 3,524 | 4,045 | 4,615 | 4,970 | 5,961 | 6,894 | 7,518 | 8,815 | 10,349 | 10,401 |
| 2,439 | 2,358 | 1,898 | 1,391 | 867 | 871 | 932 | 1,001 | 2,529 | 3,347 | 3,099 | 3,267 | 3,682 | |
| 688 | 685 | 725 | 855 | 927 | 954 | 866 | 1,166 | 1,517 | 1,444 | 1,731 | 1,980 | 2,384 | |
| Total Liabilities | 5,021 | 5,318 | 5,398 | 5,789 | 5,878 | 6,479 | 6,806 | 8,166 | 10,979 | 12,348 | 13,685 | 15,635 | 16,505 |
| 2,389 | 2,415 | 2,859 | 2,849 | 2,849 | 2,786 | 3,308 | 3,370 | 4,019 | 5,384 | 6,317 | 6,941 | 7,062 | |
| CWIP | 565 | 634 | 231 | 110 | 119 | 600 | 587 | 856 | 1,258 | 1,392 | 944 | 986 | 1,757 |
| Investments | 370 | 444 | 836 | 1,349 | 1,103 | 1,083 | 1,062 | 1,418 | 1,897 | 2,037 | 2,686 | 3,264 | 3,113 |
| 1,697 | 1,825 | 1,473 | 1,481 | 1,808 | 2,010 | 1,850 | 2,523 | 3,805 | 3,535 | 3,737 | 4,443 | 4,574 | |
| Total Assets | 5,021 | 5,318 | 5,398 | 5,789 | 5,878 | 6,479 | 6,806 | 8,166 | 10,979 | 12,348 | 13,685 | 15,635 | 16,505 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 602 | 984 | 1,072 | 847 | 750 | 820 | 1,173 | 1,339 | 908 | 1,448 | 2,082 | 1,764 | |
| -1,230 | -435 | -552 | -563 | -92 | -636 | -678 | -1,173 | -1,897 | -1,783 | -1,475 | -1,480 | |
| 365 | -130 | -625 | -589 | -654 | -165 | -495 | -158 | 980 | 359 | -601 | -279 | |
| Net Cash Flow | -263 | 419 | -105 | -306 | 4 | 20 | 1 | 8 | -9 | 23 | 5 | 6 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 59 | 56 | 43 | 40 | 39 | 36 | 45 | 48 | 48 | 42 | 56 | 52 |
| Inventory Days | 114 | 76 | 102 | 110 | 105 | 113 | 105 | 148 | 162 | 124 | 108 | 129 |
| Days Payable | 82 | 74 | 88 | 87 | 70 | 58 | 65 | 103 | 80 | 37 | 66 | 54 |
| Cash Conversion Cycle | 91 | 58 | 58 | 64 | 75 | 92 | 84 | 93 | 130 | 129 | 99 | 126 |
| Working Capital Days | 21 | -23 | -61 | -38 | 76 | 13 | -4 | 7 | -3 | -10 | -17 | -16 |
| ROCE % | 18% | 17% | 15% | 20% | 22% | 22% | 17% | 24% | 24% | 14% | 16% | 17% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 1d
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Clarification On Significant Increase In The Volume Of Shares Of The Company.
3 Dec - Balkrishna responded to BSE query, said volumes market-driven, no unpublished price-sensitive information (Dec 3, 2025).
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Clarification On Significant Increase In The Volume Of Shares Of The Company.
3 Dec - BIL informed BSE about increased trading volume; stated no unpublished price-sensitive information and regulatory compliance.
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Clarification sought from Balkrishna Industries Ltd
3 Dec - Exchange has sought clarification from Balkrishna Industries Ltd on December 03, 2025, with reference to Movement in Volume.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
5 Nov - The officials of the Company will be interacting with Investors (Participants) on 19th November,2025 at 11:00 am (Group meeting) Organised by CLSA India, Mumbai
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
from bse
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Financial Year 2013
from nse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
Concalls
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Nov 2025Transcript PPT REC
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Aug 2025Transcript PPT
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May 2025TranscriptPPT
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May 2025Transcript PPT
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Jan 2025Transcript PPT
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Oct 2024Transcript PPT
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Jan 2024Transcript PPT
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Oct 2023Transcript PPT
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Aug 2023Transcript PPT
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Jun 2023Transcript PPT
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Feb 2023Transcript PPT REC
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Nov 2022TranscriptAI SummaryPPT
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Aug 2022TranscriptAI SummaryPPT
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May 2022TranscriptAI SummaryPPT
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Feb 2022TranscriptAI SummaryPPT
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Nov 2021TranscriptAI SummaryPPT
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Aug 2021Transcript PPT
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May 2021Transcript PPT
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Feb 2021TranscriptAI SummaryPPT
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Nov 2020TranscriptAI SummaryPPT
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Aug 2020TranscriptAI SummaryPPT
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Jun 2020TranscriptAI SummaryPPT
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Feb 2020TranscriptAI SummaryPPT
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Nov 2019TranscriptAI SummaryPPT
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Aug 2019TranscriptAI SummaryPPT
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Aug 2019TranscriptAI SummaryPPT
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May 2019TranscriptAI SummaryPPT
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May 2019TranscriptAI SummaryPPT
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Feb 2019TranscriptAI SummaryPPT
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Nov 2018TranscriptAI SummaryPPT
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Aug 2018TranscriptAI SummaryPPT
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May 2018TranscriptAI SummaryPPT
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Feb 2018TranscriptAI SummaryPPT
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Nov 2017TranscriptAI SummaryPPT
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Jul 2017TranscriptAI SummaryPPT
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May 2017TranscriptAI SummaryPPT
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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]