Balkrishna Industries Ltd

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

Balkrishna Industries Ltd

₹ 2,286 -0.06%
02 Jun - 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
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]

Website BSE NSE
  • Market Cap ₹ 44,194 Cr.
  • Current Price ₹ 2,286
  • High / Low ₹ 2,492 / 1,796
  • Stock P/E 41.8
  • Book Value ₹ 391
  • Dividend Yield 0.70 %
  • ROCE 14.6 %
  • ROE 14.6 %
  • Face Value ₹ 2.00
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Pros

  • Company has been maintaining a healthy dividend payout of 24.3%

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.

Peer comparison

Sector: Tyres Industry: Tyres

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
1,372 943 1,578 1,509 1,753 1,803 2,072 2,046 2,374 2,619 2,658 2,166 2,317
988 702 1,038 1,030 1,203 1,292 1,534 1,589 1,871 2,175 2,231 1,896 1,837
Operating Profit 384 240 540 480 550 511 538 457 503 444 426 269 480
OPM % 28% 26% 34% 32% 31% 28% 26% 22% 21% 17% 16% 12% 21%
65 36 20 55 61 82 133 113 109 106 227 45 57
Interest 2 3 4 2 3 2 2 2 3 3 5 14 26
Depreciation 101 102 104 105 106 107 111 118 120 129 137 149 156
Profit before tax 346 172 452 428 503 484 558 450 490 417 511 151 355
Tax % 24% 24% 25% 24% 24% 32% 30% 25% 24% 26% 25% 28% 27%
Net Profit 265 132 341 325 380 331 391 339 375 307 382 108 260
EPS in Rs 13.69 6.81 17.64 16.82 19.65 17.10 20.23 17.53 19.39 15.88 19.77 5.61 13.44
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
3,014 3,390 3,768 3,813 3,237 3,723 4,444 5,210 4,811 5,783 8,295 9,760
2,502 2,721 2,878 3,086 2,371 2,592 3,341 3,904 3,537 3,972 6,286 8,052
Operating Profit 512 669 890 727 866 1,131 1,103 1,306 1,274 1,811 2,009 1,707
OPM % 17% 20% 24% 19% 27% 30% 25% 25% 26% 31% 24% 17%
4 5 14 277 131 254 340 215 250 171 438 347
Interest 29 28 27 48 40 22 15 12 11 12 9 48
Depreciation 86 112 170 244 282 304 311 333 374 416 455 571
Profit before tax 400 534 706 713 674 1,059 1,116 1,177 1,140 1,555 1,982 1,435
Tax % 33% 34% 33% 34% 34% 32% 34% 34% 16% 24% 28% 26%
Net Profit 269 350 475 473 446 717 736 774 960 1,178 1,435 1,057
EPS in Rs 13.91 18.10 24.55 24.45 23.06 37.08 38.06 40.02 49.64 60.91 74.25 54.70
Dividend Payout % 5% 4% 4% 5% 12% 11% 21% 20% 40% 28% 38% 7%
Compounded Sales Growth
10 Years: 11%
5 Years: 17%
3 Years: 27%
TTM: 18%
Compounded Profit Growth
10 Years: 12%
5 Years: 8%
3 Years: 9%
TTM: -25%
Stock Price CAGR
10 Years: 33%
5 Years: 15%
3 Years: 26%
1 Year: -2%
Return on Equity
10 Years: 19%
5 Years: 18%
3 Years: 19%
Last Year: 15%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
19 19 19 19 19 19 39 39 39 39 39 39
Reserves 1,091 1,424 1,876 2,257 2,756 3,524 4,045 4,615 4,970 5,961 6,894 7,518
1,709 2,164 2,439 2,358 1,898 1,391 867 871 932 1,001 2,529 3,347
392 544 688 685 725 855 927 954 866 1,166 1,517 1,444
Total Liabilities 3,212 4,151 5,021 5,318 5,398 5,789 5,878 6,479 6,806 8,166 10,979 12,348
873 1,335 2,389 2,415 2,859 2,849 2,849 2,786 3,308 3,370 4,019 5,384
CWIP 477 1,013 565 634 231 110 119 600 587 856 1,258 1,392
Investments 2 3 370 444 836 1,349 1,103 1,083 1,062 1,418 1,897 2,037
1,859 1,800 1,697 1,825 1,473 1,481 1,808 2,010 1,850 2,523 3,805 3,535
Total Assets 3,212 4,151 5,021 5,318 5,398 5,789 5,878 6,479 6,806 8,166 10,979 12,348

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
76 549 602 984 1,072 847 750 820 1,173 1,339 908 1,448
-688 -1,011 -1,230 -435 -552 -563 -92 -636 -678 -1,173 -1,897 -1,783
970 370 365 -130 -625 -589 -654 -165 -495 -158 980 359
Net Cash Flow 358 -92 -263 419 -105 -306 4 20 1 8 -9 23

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 59 56 59 56 43 40 39 36 45 48 48 42
Inventory Days 100 88 114 76 102 110 105 113 105 148 162 124
Days Payable 44 53 82 74 88 87 70 58 65 103 80 37
Cash Conversion Cycle 115 91 91 58 58 64 75 92 84 93 130 129
Working Capital Days 110 94 90 37 -8 19 76 74 66 70 86 105
ROCE % 20% 17% 18% 17% 15% 20% 22% 22% 17% 24% 24% 15%

Shareholding Pattern

Numbers in percentages

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
58.30 58.30 58.30 58.30 58.30 58.30 58.29 58.29 58.29 58.30 58.30 58.30
12.99 11.52 15.54 14.40 15.18 15.42 15.07 14.05 14.30 12.96 12.45 12.42
17.78 18.97 14.96 14.60 14.09 12.56 11.59 11.78 11.17 18.81 20.12 20.21
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.10 0.10 0.10
10.94 11.21 11.20 12.71 12.44 13.73 15.05 15.87 16.24 9.84 9.03 8.99

* 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.

Click on the line-items to see the names of individual entities.

Documents

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