Balkrishna Industries Ltd

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

Balkrishna Industries Ltd

₹ 2,307 10.82%
30 Jul - 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

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 3,600 SKUs. [1]

Website BSE NSE
  • Market Cap ₹ 44,609 Cr.
  • Current Price ₹ 2,307
  • High / Low ₹ 2,775 / 1,970
  • Stock P/E 31.7
  • Book Value ₹ 567
  • Dividend Yield 0.69 %
  • ROCE 11.2 %
  • ROE 9.66 %
  • Face Value ₹ 2.00
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Pros

  • Company has been maintaining a healthy dividend payout of 21.5%

Cons

  • Stock is trading at 4.07 times its book value
  • Company has a low return on equity of 13.2% over last 3 years.

* 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

Consumer Discretionary Automobile and Auto Components Auto Components Tyres & Rubber Products

Part of BSE 500 BSE 200 BSE Dollex 200 Nifty 500 BSE Auto

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
2,159 2,253 2,274 2,682 2,714 2,420 2,560 2,752 2,760 2,393 2,737 2,933 3,455
1,658 1,720 1,734 2,001 2,051 1,840 1,960 2,139 2,254 1,882 2,094 2,293 2,711
Operating Profit 501 533 541 681 664 580 601 614 506 511 643 640 744
OPM % 23% 24% 24% 25% 24% 24% 23% 22% 18% 21% 24% 22% 22%
106 107 66 171 162 90 187 99 107 71 77 -4 100
Interest 22 24 36 31 22 41 16 50 31 33 34 36 37
Depreciation 155 160 161 174 163 166 173 178 188 193 195 199 206
Profit before tax 430 456 409 647 640 463 600 485 394 357 491 401 601
Tax % 23% 24% 25% 25% 23% 25% 25% 24% 27% 24% 22% 25% 25%
332 347 305 487 490 347 449 369 288 273 382 299 451
EPS in Rs 17.17 17.97 15.80 25.18 25.35 17.95 23.25 19.06 14.91 14.13 19.77 15.49 23.32
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
3,813 3,237 3,723 4,444 5,210 4,811 5,783 8,295 9,760 9,369 10,447 10,823 11,518
3,086 2,371 2,592 3,341 3,904 3,537 3,972 6,286 8,047 7,113 7,988 8,522 8,980
Operating Profit 727 866 1,131 1,103 1,306 1,274 1,811 2,009 1,712 2,256 2,459 2,301 2,539
OPM % 19% 27% 30% 25% 25% 26% 31% 24% 18% 24% 24% 21% 22%
277 131 254 340 215 250 171 438 342 449 537 252 244
Interest 48 40 22 15 12 11 12 9 48 113 129 134 140
Depreciation 244 282 304 311 333 374 416 455 571 651 681 775 793
Profit before tax 713 674 1,059 1,116 1,177 1,140 1,555 1,982 1,435 1,941 2,187 1,644 1,850
Tax % 34% 34% 32% 34% 34% 16% 24% 28% 26% 24% 24% 24%
473 446 717 736 774 960 1,178 1,435 1,057 1,471 1,655 1,243 1,406
EPS in Rs 24.45 23.06 37.08 38.06 40.02 49.64 60.91 74.25 54.70 76.12 85.61 64.30 72.71
Dividend Payout % 5% 12% 11% 21% 20% 40% 28% 38% 29% 21% 19% 25%
Compounded Sales Growth
10 Years: 13%
5 Years: 13%
3 Years: 4%
TTM: 10%
Compounded Profit Growth
10 Years: 9%
5 Years: -2%
3 Years: 1%
TTM: -3%
Stock Price CAGR
10 Years: 20%
5 Years: -1%
3 Years: -3%
1 Year: -16%
Return on Equity
10 Years: 16%
5 Years: 15%
3 Years: 13%
Last Year: 10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 19 19 19 39 39 39 39 39 39 39 39 39
Reserves 2,257 2,756 3,524 4,045 4,615 4,970 5,961 6,894 7,518 8,815 10,349 10,917
2,358 1,898 1,391 867 871 932 1,001 2,529 3,347 3,099 3,267 4,111
685 725 855 927 954 866 1,166 1,517 1,444 1,731 1,980 2,700
Total Liabilities 5,318 5,398 5,789 5,878 6,479 6,806 8,166 10,979 12,348 13,685 15,635 17,766
2,415 2,859 2,849 2,849 2,786 3,308 3,370 4,019 5,384 6,317 6,941 7,409
CWIP 634 231 110 119 600 587 856 1,258 1,392 944 986 2,472
Investments 444 836 1,349 1,103 1,083 1,062 1,418 1,897 2,037 2,686 3,264 3,124
1,825 1,473 1,481 1,808 2,010 1,850 2,523 3,805 3,535 3,737 4,443 4,761
Total Assets 5,318 5,398 5,789 5,878 6,479 6,806 8,166 10,979 12,348 13,685 15,635 17,766

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
984 1,072 847 750 820 1,173 1,339 908 1,448 2,082 1,764 2,249
-435 -552 -563 -92 -636 -678 -1,173 -1,897 -1,783 -1,475 -1,480 -2,523
-130 -625 -589 -654 -165 -495 -158 980 359 -601 -279 254
Net Cash Flow 419 -105 -306 4 20 1 8 -9 23 5 6 -19
Free Cash Flow 614 833 666 339 86 390 416 -681 -304 1,001 316 -749
CFO/OP 165% 151% 103% 103% 94% 115% 93% 68% 105% 111% 91% 115%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 56 43 40 39 36 45 48 48 42 56 52 49
Inventory Days 76 102 110 105 113 105 148 162 124 108 129 126
Days Payable 74 88 87 70 58 65 103 80 37 66 54 64
Cash Conversion Cycle 58 58 64 75 92 84 93 130 129 99 126 111
Working Capital Days -23 -61 -38 76 13 -4 7 -3 -10 -17 -16 -45
ROCE % 17% 15% 20% 22% 22% 17% 24% 24% 14% 16% 17% 11%

Insights

In beta
Mar 2016 Feb 2018 Feb 2019 Mar 2020 Nov 2021 Feb 2023 Jan 2025 May 2026
OHT Sales Volume
MT ・Standalone data

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Tire Manufacturing Capacity (Achievable)
MTPA ・Standalone data
Number of Countries Served
count ・Standalone data
Number of SKUs (Product Portfolio)
count ・Standalone data
Carbon Black Manufacturing Capacity
MTPA ・Standalone data
Europe Share of OHT Sales (Geography Mix)
% ・Standalone data
Replacement Channel Share of OHT Sales
% ・Standalone data
India Share of OHT Sales (Geography Mix)
% ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
58.30% 58.30% 58.30% 58.30% 58.30% 58.30% 58.30% 58.30% 58.30% 58.30% 58.30% 58.30%
12.53% 12.69% 12.24% 12.61% 11.72% 11.28% 11.46% 10.50% 10.70% 11.00% 11.13% 10.33%
21.11% 21.32% 21.97% 22.29% 23.31% 23.81% 23.63% 24.71% 24.55% 24.42% 24.25% 24.60%
0.10% 0.10% 0.11% 0.15% 0.15% 0.15% 0.15% 0.14% 0.14% 0.00% 0.00% 0.00%
7.94% 7.59% 7.38% 6.65% 6.52% 6.46% 6.46% 6.37% 6.31% 6.29% 6.32% 6.77%
No. of Shareholders 1,36,2141,25,3411,34,8311,23,4351,24,3881,18,9661,23,7551,27,4011,23,4061,23,3371,20,7401,22,372

* 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.

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Documents

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