Balkrishna Industries Ltd
Balkrishna Industries Limited (BKT) started its Off-Highway tire 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 ₹ 42,750 Cr.
- Current Price ₹ 2,211
- High / Low ₹ 2,724 / 1,682
- Stock P/E 30.3
- Book Value ₹ 359
- Dividend Yield 0.73 %
- 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
* 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 | 9,112 | |
1,835 | 2,502 | 2,721 | 2,878 | 3,086 | 2,371 | 2,592 | 3,341 | 3,904 | 3,537 | 3,972 | 6,286 | 7,170 | |
Operating Profit | 295 | 512 | 669 | 890 | 727 | 866 | 1,131 | 1,103 | 1,306 | 1,274 | 1,811 | 2,009 | 1,942 |
OPM % | 14% | 17% | 20% | 24% | 19% | 27% | 30% | 25% | 25% | 26% | 31% | 24% | 21% |
92 | 4 | 5 | 14 | 277 | 131 | 254 | 340 | 215 | 250 | 171 | 438 | 461 | |
Interest | 22 | 29 | 28 | 27 | 48 | 40 | 22 | 15 | 12 | 11 | 12 | 9 | 10 |
Depreciation | 77 | 86 | 112 | 170 | 244 | 282 | 304 | 311 | 333 | 374 | 416 | 455 | 478 |
Profit before tax | 288 | 400 | 534 | 706 | 713 | 674 | 1,059 | 1,116 | 1,177 | 1,140 | 1,555 | 1,982 | 1,916 |
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 | 1,412 |
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 | 73.03 |
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: | 37% |
Compounded Profit Growth | |
---|---|
10 Years: | 18% |
5 Years: | 17% |
3 Years: | 23% |
TTM: | 3% |
Stock Price CAGR | |
---|---|
10 Years: | 32% |
5 Years: | 23% |
3 Years: | 45% |
1 Year: | -4% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
19 | 19 | 19 | 19 | 19 | 19 | 19 | 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 |
621 | 1,709 | 2,164 | 2,439 | 2,358 | 1,898 | 1,391 | 867 | 871 | 932 | 1,001 | 2,529 | |
692 | 392 | 544 | 688 | 685 | 725 | 855 | 927 | 954 | 866 | 1,166 | 1,517 | |
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 |
725 | 873 | 1,335 | 2,389 | 2,415 | 2,859 | 2,849 | 2,849 | 2,786 | 3,308 | 3,370 | 4,019 | |
CWIP | 56 | 477 | 1,013 | 565 | 634 | 231 | 110 | 119 | 600 | 587 | 856 | 1,258 |
Investments | 14 | 2 | 3 | 370 | 444 | 836 | 1,349 | 1,103 | 1,083 | 1,062 | 1,418 | 1,897 |
1,380 | 1,859 | 1,800 | 1,697 | 1,825 | 1,473 | 1,481 | 1,808 | 2,010 | 1,850 | 2,523 | 3,805 | |
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 |
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
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
2d - In continuation of our letter dated 29th July, 2022 and pursuant to Regulation 30(6) of the SEBI (LODR) Regulations, 2015, the transcript of conference call …
- Audio Recording Of Conference Call With Investors/Analysts To Discuss The Q1FY23 Results 5 Aug
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
5 Aug - Newspaper advertisement of the Unaudited Financial Results of the Company for quarter ended 30.06.2022, approved at the Board Meeting held on Thursday, the 4th August, …
- Announcement under Regulation 30 (LODR)-Investor Presentation 4 Aug
- Corporate Action-Board approves Dividend 4 Aug
Annual reports
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
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
Concalls
-
Aug 2022TranscriptPPT
-
May 2022TranscriptPPT
-
Feb 2022TranscriptPPT
-
Nov 2021TranscriptPPT
-
Aug 2021Transcript PPT
-
May 2021Transcript PPT
-
Feb 2021TranscriptPPT
-
Nov 2020TranscriptPPT
-
Aug 2020TranscriptPPT
-
Jun 2020TranscriptPPT
-
Feb 2020TranscriptPPT
-
Nov 2019TranscriptPPT
-
Aug 2019TranscriptPPT
-
Aug 2019TranscriptPPT
-
May 2019TranscriptPPT
-
May 2019TranscriptPPT
-
Feb 2019TranscriptPPT
-
Nov 2018TranscriptPPT
-
Aug 2018TranscriptPPT
-
May 2018TranscriptPPT
-
Feb 2018TranscriptPPT
-
Nov 2017TranscriptPPT
-
Jul 2017TranscriptPPT
-
May 2017TranscriptPPT
-
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]