Balkrishna Industries Ltd

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

Balkrishna Industries Ltd

₹ 2,828 0.98%
26 Dec 4:01 p.m.
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 3,200 SKUs. [1] The company has a 5-6% market share in the global specialty market. [2]

Website BSE NSE
  • Market Cap ₹ 54,839 Cr.
  • Current Price ₹ 2,828
  • High / Low ₹ 3,378 / 2,194
  • Stock P/E 33.9
  • Book Value ₹ 486
  • Dividend Yield 0.57 %
  • ROCE 15.8 %
  • ROE 15.5 %
  • Face Value ₹ 2.00
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Pros

  • Company has been maintaining a healthy dividend payout of 29.5%

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.

Peer comparison

Sector: Tyres Industry: Tyres

Part of BSE 250 LargeMidCap Index Nifty LargeMidcap 250 Nifty Total Market BSE Auto BSE MidCap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
2,050 2,030 2,374 2,646 2,704 2,142 2,318 2,120 2,226 2,280 2,673 2,690 2,436
1,530 1,587 1,874 2,191 2,260 1,885 1,847 1,639 1,707 1,741 2,008 2,039 1,856
Operating Profit 520 443 500 455 445 257 471 481 518 539 665 650 580
OPM % 25% 22% 21% 17% 16% 12% 20% 23% 23% 24% 25% 24% 24%
133 112 108 102 226 43 54 104 107 66 171 159 90
Interest 2 2 2 3 4 14 25 21 23 35 30 21 40
Depreciation 108 115 117 126 134 145 151 154 159 159 172 162 165
Profit before tax 543 439 488 429 532 142 348 411 444 411 634 627 465
Tax % 30% 25% 23% 25% 24% 30% 27% 24% 24% 25% 24% 24% 25%
377 329 374 320 404 100 256 312 335 309 481 477 350
EPS in Rs 19.51 17.00 19.33 16.54 20.89 5.15 13.22 16.15 17.35 15.99 24.87 24.69 18.08
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
3,189 3,575 3,776 3,220 3,728 4,447 5,244 4,782 5,758 8,267 9,811 9,299 10,079
2,525 2,681 3,040 2,365 2,596 3,340 3,929 3,530 3,971 6,291 8,090 7,094 7,644
Operating Profit 665 894 736 855 1,132 1,108 1,315 1,252 1,786 1,976 1,721 2,205 2,435
OPM % 21% 25% 19% 27% 30% 25% 25% 26% 31% 24% 18% 24% 24%
4 14 278 133 250 336 211 248 161 431 333 448 486
Interest 26 25 47 40 21 14 11 9 10 8 46 110 127
Depreciation 108 165 240 282 304 311 333 368 406 444 557 644 658
Profit before tax 535 718 728 665 1,056 1,118 1,183 1,123 1,531 1,954 1,451 1,899 2,137
Tax % 34% 32% 33% 34% 32% 34% 34% 16% 25% 28% 26% 24%
356 488 489 439 716 739 782 945 1,155 1,411 1,079 1,438 1,617
EPS in Rs 18.41 25.26 25.29 22.69 37.02 38.24 40.45 48.88 59.77 72.97 55.80 74.37 83.63
Dividend Payout % 4% 4% 5% 12% 11% 21% 20% 41% 28% 38% 29% 22%
Compounded Sales Growth
10 Years: 10%
5 Years: 12%
3 Years: 17%
TTM: 14%
Compounded Profit Growth
10 Years: 10%
5 Years: 12%
3 Years: 5%
TTM: 61%
Stock Price CAGR
10 Years: 25%
5 Years: 23%
3 Years: 9%
1 Year: 11%
Return on Equity
10 Years: 18%
5 Years: 17%
3 Years: 17%
Last Year: 16%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 19 19 19 19 19 39 39 39 39 39 39 39 39
Reserves 1,400 1,865 2,272 2,762 3,532 4,057 4,640 4,989 5,969 6,886 7,550 8,823 9,366
2,074 2,350 2,358 1,880 1,361 835 830 863 894 2,443 3,254 3,037 3,063
495 639 665 720 843 914 921 840 1,139 1,490 1,429 1,706 1,972
Total Liabilities 3,989 4,874 5,315 5,382 5,756 5,845 6,430 6,731 8,040 10,857 12,272 13,605 14,439
1,278 2,329 2,415 2,858 2,849 2,849 2,786 3,277 3,334 3,986 5,349 6,284 6,368
CWIP 946 476 634 231 110 118 585 586 856 1,258 1,392 944 866
Investments 33 427 445 866 1,350 1,103 1,083 1,063 1,418 1,897 2,037 2,687 2,900
1,733 1,642 1,821 1,426 1,448 1,774 1,975 1,806 2,432 3,715 3,494 3,690 4,306
Total Assets 3,989 4,874 5,315 5,382 5,756 5,845 6,430 6,731 8,040 10,857 12,272 13,605 14,439

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
550 594 979 1,095 842 753 813 1,164 1,363 881 1,414 2,052
-959 -1,241 -428 -569 -534 -92 -621 -656 -1,158 -1,889 -1,772 -1,468
318 390 -130 -656 -616 -655 -173 -521 -194 1,003 359 -568
Net Cash Flow -91 -257 421 -129 -308 6 19 -13 11 -5 1 17

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 58 63 58 43 40 41 40 50 46 48 47 61
Inventory Days 88 112 73 100 106 101 106 100 144 158 117 104
Days Payable 49 79 70 87 84 67 53 62 100 78 36 73
Cash Conversion Cycle 97 96 61 56 63 75 92 87 90 129 128 91
Working Capital Days 100 97 40 -10 18 58 74 67 67 84 76 77
ROCE % 18% 19% 17% 15% 20% 22% 22% 19% 23% 23% 14% 16%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
58.29% 58.29% 58.29% 58.30% 58.30% 58.30% 58.30% 58.30% 58.30% 58.30% 58.30% 58.30%
15.07% 14.05% 14.30% 12.96% 12.45% 12.42% 12.40% 12.53% 12.69% 12.24% 12.61% 11.72%
11.59% 11.78% 11.17% 18.81% 20.12% 20.21% 20.90% 21.11% 21.32% 21.97% 22.29% 23.31%
0.00% 0.00% 0.00% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.11% 0.15% 0.15%
15.05% 15.87% 16.24% 9.84% 9.03% 8.99% 8.30% 7.94% 7.59% 7.38% 6.65% 6.52%
No. of Shareholders 1,27,8161,39,9131,35,3951,73,8021,58,2011,46,8041,40,4901,36,2141,25,3411,34,8311,23,4351,24,388

* 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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