Balkrishna Industries Ltd
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]
- Market Cap ₹ 44,295 Cr.
- Current Price ₹ 2,291
- High / Low ₹ 2,451 / 1,682
- Stock P/E 31.6
- Book Value ₹ 393
- Dividend Yield 0.70 %
- ROCE 23.8 %
- ROE 21.9 %
- Face Value ₹ 2.00
Pros
- Company is expected to give good quarter
- Company has been maintaining a healthy dividend payout of 35.3%
Cons
- Company might be capitalizing the interest cost
* 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2,130 | 3,014 | 3,390 | 3,768 | 3,813 | 3,237 | 3,723 | 4,444 | 5,210 | 4,811 | 5,783 | 8,295 | 9,697 | |
1,835 | 2,502 | 2,721 | 2,878 | 3,086 | 2,371 | 2,592 | 3,341 | 3,904 | 3,537 | 3,972 | 6,286 | 7,867 | |
Operating Profit | 295 | 512 | 669 | 890 | 727 | 866 | 1,131 | 1,103 | 1,306 | 1,274 | 1,811 | 2,009 | 1,830 |
OPM % | 14% | 17% | 20% | 24% | 19% | 27% | 30% | 25% | 25% | 26% | 31% | 24% | 19% |
92 | 4 | 5 | 14 | 277 | 131 | 254 | 340 | 215 | 250 | 171 | 438 | 555 | |
Interest | 22 | 29 | 28 | 27 | 48 | 40 | 22 | 15 | 12 | 11 | 12 | 9 | 12 |
Depreciation | 77 | 86 | 112 | 170 | 244 | 282 | 304 | 311 | 333 | 374 | 416 | 455 | 504 |
Profit before tax | 288 | 400 | 534 | 706 | 713 | 674 | 1,059 | 1,116 | 1,177 | 1,140 | 1,555 | 1,982 | 1,869 |
Tax % | 32% | 33% | 34% | 33% | 34% | 34% | 32% | 34% | 34% | 16% | 24% | 28% | |
Net Profit | 195 | 269 | 350 | 475 | 473 | 446 | 717 | 736 | 774 | 960 | 1,178 | 1,435 | 1,403 |
EPS in Rs | 10.06 | 13.91 | 18.10 | 24.55 | 24.45 | 23.06 | 37.08 | 38.06 | 40.02 | 49.64 | 60.91 | 74.25 | 72.57 |
Dividend Payout % | 7% | 5% | 4% | 4% | 5% | 12% | 11% | 21% | 20% | 40% | 28% | 38% |
Compounded Sales Growth | |
---|---|
10 Years: | 11% |
5 Years: | 17% |
3 Years: | 17% |
TTM: | 36% |
Compounded Profit Growth | |
---|---|
10 Years: | 18% |
5 Years: | 17% |
3 Years: | 23% |
TTM: | -2% |
Stock Price CAGR | |
---|---|
10 Years: | 32% |
5 Years: | 17% |
3 Years: | 28% |
1 Year: | 0% |
Return on Equity | |
---|---|
10 Years: | 20% |
5 Years: | 19% |
3 Years: | 20% |
Last Year: | 22% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
19 | 19 | 19 | 19 | 19 | 19 | 19 | 39 | 39 | 39 | 39 | 39 | 39 | |
Reserves | 842 | 1,091 | 1,424 | 1,876 | 2,257 | 2,756 | 3,524 | 4,045 | 4,615 | 4,970 | 5,961 | 6,894 | 7,556 |
621 | 1,709 | 2,164 | 2,439 | 2,358 | 1,898 | 1,391 | 867 | 871 | 932 | 1,001 | 2,529 | 3,173 | |
692 | 392 | 544 | 688 | 685 | 725 | 855 | 927 | 954 | 866 | 1,166 | 1,517 | 1,603 | |
Total Liabilities | 2,175 | 3,212 | 4,151 | 5,021 | 5,318 | 5,398 | 5,789 | 5,878 | 6,479 | 6,806 | 8,166 | 10,979 | 12,370 |
725 | 873 | 1,335 | 2,389 | 2,415 | 2,859 | 2,849 | 2,849 | 2,786 | 3,308 | 3,370 | 4,019 | 4,746 | |
CWIP | 56 | 477 | 1,013 | 565 | 634 | 231 | 110 | 119 | 600 | 587 | 856 | 1,258 | 1,282 |
Investments | 14 | 2 | 3 | 370 | 444 | 836 | 1,349 | 1,103 | 1,083 | 1,062 | 1,418 | 1,897 | 1,864 |
1,380 | 1,859 | 1,800 | 1,697 | 1,825 | 1,473 | 1,481 | 1,808 | 2,010 | 1,850 | 2,523 | 3,805 | 4,478 | |
Total Assets | 2,175 | 3,212 | 4,151 | 5,021 | 5,318 | 5,398 | 5,789 | 5,878 | 6,479 | 6,806 | 8,166 | 10,979 | 12,370 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
73 | 76 | 549 | 602 | 984 | 1,072 | 847 | 750 | 820 | 1,173 | 1,339 | 908 | |
-171 | -688 | -1,011 | -1,230 | -435 | -552 | -563 | -92 | -636 | -678 | -1,173 | -1,897 | |
105 | 970 | 370 | 365 | -130 | -625 | -589 | -654 | -165 | -495 | -158 | 980 | |
Net Cash Flow | 7 | 358 | -92 | -263 | 419 | -105 | -306 | 4 | 20 | 1 | 8 | -9 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 58 | 59 | 56 | 59 | 56 | 43 | 40 | 39 | 36 | 45 | 48 | 48 |
Inventory Days | 116 | 100 | 88 | 114 | 76 | 102 | 110 | 105 | 113 | 105 | 148 | 162 |
Days Payable | 35 | 44 | 53 | 82 | 74 | 88 | 87 | 70 | 58 | 65 | 103 | 80 |
Cash Conversion Cycle | 139 | 115 | 91 | 91 | 58 | 58 | 64 | 75 | 92 | 84 | 93 | 130 |
Working Capital Days | 107 | 110 | 94 | 90 | 37 | -8 | 19 | 76 | 74 | 66 | 70 | 86 |
ROCE % | 23% | 20% | 17% | 18% | 17% | 15% | 20% | 22% | 22% | 17% | 24% | 24% |
Documents
Announcements
- Record Date For Payment Of The 3Rd Interim Dividend For Financial Year 2022-23, If Declared, Shall Be Paid To The Equity Shareholders Whose Name Appears On The Register Of Members Of The Company On 18Th February, 2023. 1d
- Compliances-Reg. 50 (1) - Prior intimation about Board meeting under Regulation 50(1) 1d
- Board Meeting Intimation for The Meeting Of The Board Of The Company Is Scheduled To Be Held On Saturday, The 11Th February 2023. 1d
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
13 Jan - Depositories and Participants) Regulations, 2018 we are enclosing herewith Certificate received from M/s. KFin Technologies Limited, the Registrar & Transfer Agent of the Company for …
- Compliance-57 (5) : intimation after the end of quarter 4 Jan
Annual reports
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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
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Financial Year 2010
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Financial Year 2010
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Concalls
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Nov 2022TranscriptPPT
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May 2016TranscriptPPT
Global Presence
Company sells its tyres in 160+ countries through its distribution network in Americas, Europe, India & ROW. [1] It receives 49% of its sales from Europe, followed by India (23%), Americas (15%) & Rest of World (13%). [2]