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. #
- Market Cap ₹ 30,925 Cr.
- Current Price ₹ 1,600
- High / Low ₹ 1,885 / 678
- Stock P/E 29.1
- Book Value ₹ 280
- Dividend Yield 1.25 %
- ROCE 16.9 %
- ROE 17.1 %
- Face Value ₹ 2.00
Pros
- Company has been maintaining a healthy dividend payout of 27.10%
Cons
- The company has delivered a poor sales growth of 4.76% over past five years.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|
1,348 | 1,311 | 1,198 | 1,356 | 1,199 | 1,084 | 1,156 | 1,372 | 943 | 1,578 | 1,509 | |
995 | 990 | 892 | 1,034 | 931 | 811 | 810 | 988 | 702 | 1,038 | 1,030 | |
Operating Profit | 352 | 321 | 305 | 322 | 268 | 273 | 346 | 384 | 240 | 540 | 480 |
OPM % | 26% | 24% | 26% | 24% | 22% | 25% | 30% | 28% | 26% | 34% | 32% |
Other Income | 83 | 92 | 3 | 41 | 74 | 81 | 31 | 65 | 36 | 20 | 55 |
Interest | 4 | 3 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 4 | 2 |
Depreciation | 84 | 83 | 83 | 82 | 85 | 92 | 96 | 101 | 102 | 104 | 105 |
Profit before tax | 348 | 327 | 222 | 278 | 255 | 260 | 278 | 346 | 172 | 452 | 428 |
Tax % | 35% | 36% | 32% | 33% | 31% | -13% | 20% | 24% | 24% | 25% | 24% |
Net Profit | 225 | 210 | 151 | 186 | 177 | 294 | 224 | 265 | 132 | 341 | 325 |
EPS in Rs | 11.65 | 10.88 | 7.81 | 9.62 | 9.15 | 15.22 | 11.58 | 13.69 | 6.81 | 17.64 | 16.82 |
Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1,366 | 1,526 | 2,130 | 3,014 | 3,390 | 3,768 | 3,813 | 3,237 | 3,723 | 4,444 | 5,210 | 4,811 | 5,402 | |
1,195 | 1,178 | 1,835 | 2,502 | 2,721 | 2,878 | 3,086 | 2,413 | 2,592 | 3,341 | 3,907 | 3,538 | 3,758 | |
Operating Profit | 171 | 348 | 295 | 512 | 669 | 890 | 727 | 823 | 1,131 | 1,103 | 1,303 | 1,273 | 1,644 |
OPM % | 13% | 23% | 14% | 17% | 20% | 24% | 19% | 25% | 30% | 25% | 25% | 26% | 30% |
Other Income | 41 | 66 | 92 | 4 | 5 | 14 | 277 | 173 | 254 | 340 | 218 | 251 | 176 |
Interest | 38 | 19 | 22 | 29 | 28 | 27 | 48 | 40 | 22 | 15 | 12 | 11 | 11 |
Depreciation | 59 | 69 | 77 | 86 | 112 | 170 | 244 | 282 | 304 | 311 | 333 | 374 | 411 |
Profit before tax | 115 | 326 | 288 | 400 | 534 | 706 | 713 | 674 | 1,059 | 1,116 | 1,177 | 1,140 | 1,398 |
Tax % | 35% | 33% | 32% | 33% | 34% | 33% | 34% | 34% | 32% | 34% | 34% | 16% | |
Net Profit | 74 | 219 | 195 | 269 | 350 | 475 | 473 | 446 | 717 | 736 | 774 | 960 | 1,062 |
EPS in Rs | 3.84 | 11.32 | 10.06 | 13.91 | 18.10 | 24.55 | 24.45 | 23.06 | 37.08 | 38.06 | 40.02 | 49.64 | 54.96 |
Dividend Payout % | 16% | 6% | 7% | 5% | 4% | 4% | 5% | 12% | 11% | 21% | 20% | 40% |
Compounded Sales Growth | |
---|---|
10 Years: | 12% |
5 Years: | 5% |
3 Years: | 9% |
TTM: | 13% |
Compounded Profit Growth | |
---|---|
10 Years: | 14% |
5 Years: | 12% |
3 Years: | 9% |
TTM: | 21% |
Stock Price CAGR | |
---|---|
10 Years: | 37% |
5 Years: | 40% |
3 Years: | 16% |
1 Year: | 46% |
Return on Equity | |
---|---|
10 Years: | 20% |
5 Years: | 18% |
3 Years: | 18% |
Last Year: | 17% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Sep 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 39 | 39 | 39 | 39 | |
Reserves | 459 | 662 | 842 | 1,091 | 1,424 | 1,876 | 2,257 | 2,756 | 3,524 | 4,045 | 4,615 | 4,970 | 5,376 |
Borrowings | 483 | 478 | 621 | 1,709 | 2,164 | 2,439 | 2,358 | 1,898 | 1,391 | 867 | 871 | 932 | 887 |
342 | 476 | 692 | 392 | 544 | 688 | 685 | 725 | 855 | 927 | 954 | 866 | 1,019 | |
Total Liabilities | 1,303 | 1,635 | 2,175 | 3,212 | 4,151 | 5,021 | 5,318 | 5,398 | 5,789 | 5,878 | 6,479 | 6,806 | 7,321 |
564 | 647 | 725 | 873 | 1,335 | 2,389 | 2,415 | 2,859 | 2,849 | 2,849 | 2,786 | 3,308 | 3,310 | |
CWIP | 82 | 69 | 56 | 477 | 1,013 | 565 | 634 | 231 | 110 | 119 | 600 | 587 | 666 |
Investments | 4 | 62 | 14 | 2 | 3 | 370 | 444 | 836 | 1,349 | 1,103 | 1,083 | 1,062 | 1,246 |
653 | 859 | 1,380 | 1,859 | 1,800 | 1,697 | 1,825 | 1,473 | 1,481 | 1,808 | 2,010 | 1,850 | 2,098 | |
Total Assets | 1,303 | 1,635 | 2,175 | 3,212 | 4,151 | 5,021 | 5,318 | 5,398 | 5,789 | 5,878 | 6,479 | 6,806 | 7,321 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
287 | 210 | 73 | 76 | 549 | 602 | 984 | 1,072 | 847 | 750 | 820 | 1,173 | |
-132 | -196 | -171 | -688 | -1,011 | -1,230 | -435 | -552 | -563 | -92 | -636 | -678 | |
-153 | -20 | 105 | 970 | 370 | 365 | -130 | -625 | -589 | -654 | -165 | -495 | |
Net Cash Flow | 1 | -6 | 7 | 358 | -92 | -263 | 419 | -105 | -306 | 4 | 20 | 1 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
ROCE % | 16% | 33% | 23% | 20% | 17% | 18% | 17% | 15% | 20% | 22% | 22% | 17% |
Debtor Days | 59 | 61 | 58 | 59 | 56 | 59 | 56 | 43 | 40 | 39 | 36 | 45 |
Inventory Turnover | 5.27 | 4.97 | 4.52 | 4.25 | 4.32 | 3.88 | 4.40 | 3.80 | 3.91 | 4.24 | 3.82 | 3.35 |
Documents
Add documentRecent announcements
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 15 Feb
- Announcement under Regulation 30 (LODR)-Newspaper Publication 10 Feb
- Announcement under Regulation 30 (LODR)-Investor Presentation 8 Feb
- Corporate Action-Board approves Dividend 8 Feb
- Outcome Of Board Meeting Held On 08.02.2021 8 Feb
View all
Annual reports
- 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