Balkrishna Industries Ltd

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

Balkrishna Industries Ltd

₹ 2,767 1.67%
22 Nov - 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 3,200 SKUs. [1] The company has a 5-6% market share in the global specialty market. [2]

Website BSE NSE
  • Market Cap ₹ 53,497 Cr.
  • Current Price ₹ 2,767
  • High / Low ₹ 3,378 / 2,194
  • Stock P/E 32.8
  • Book Value ₹ 486
  • Dividend Yield 0.58 %
  • ROCE 17.6 %
  • ROE 17.6 %
  • Face Value ₹ 2.00
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Pros

  • Company has been maintaining a healthy dividend payout of 29.3%

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.

Peer comparison

Sector: Tyres Industry: Tyres

Part of Nifty LargeMidcap 250 BSE Dollex 200 BSE 500 BSE 400 MidSmallCap Index Nifty 500

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
2,072 2,046 2,374 2,619 2,658 2,166 2,317 2,159 2,253 2,274 2,682 2,714 2,420
1,534 1,589 1,871 2,175 2,231 1,896 1,837 1,658 1,720 1,734 2,001 2,051 1,840
Operating Profit 538 457 503 444 426 269 480 501 533 541 681 664 580
OPM % 26% 22% 21% 17% 16% 12% 21% 23% 24% 24% 25% 24% 24%
133 113 109 106 227 45 57 106 107 66 171 162 90
Interest 2 2 3 3 5 14 26 22 24 36 31 22 41
Depreciation 111 118 120 129 137 149 156 155 160 161 174 163 166
Profit before tax 558 450 490 417 511 151 355 430 456 409 647 640 463
Tax % 30% 25% 24% 26% 25% 28% 27% 23% 24% 25% 25% 23% 25%
391 339 375 307 382 108 260 332 347 305 487 490 347
EPS in Rs 20.23 17.53 19.39 15.88 19.77 5.61 13.44 17.17 17.97 15.80 25.18 25.35 17.95
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
3,390 3,768 3,813 3,237 3,723 4,444 5,210 4,811 5,783 8,295 9,760 9,369 10,091
2,721 2,878 3,086 2,371 2,592 3,341 3,904 3,537 3,972 6,286 8,047 7,113 7,625
Operating Profit 669 890 727 866 1,131 1,103 1,306 1,274 1,811 2,009 1,712 2,256 2,465
OPM % 20% 24% 19% 27% 30% 25% 25% 26% 31% 24% 18% 24% 24%
5 14 277 131 254 340 215 250 171 438 342 449 488
Interest 28 27 48 40 22 15 12 11 12 9 48 113 130
Depreciation 112 170 244 282 304 311 333 374 416 455 571 651 665
Profit before tax 534 706 713 674 1,059 1,116 1,177 1,140 1,555 1,982 1,435 1,941 2,158
Tax % 34% 33% 34% 34% 32% 34% 34% 16% 24% 28% 26% 24%
350 475 473 446 717 736 774 960 1,178 1,435 1,057 1,471 1,629
EPS in Rs 18.10 24.55 24.45 23.06 37.08 38.06 40.02 49.64 60.91 74.25 54.70 76.12 84.28
Dividend Payout % 4% 4% 5% 12% 11% 21% 20% 40% 28% 38% 29% 21%
Compounded Sales Growth
10 Years: 10%
5 Years: 12%
3 Years: 17%
TTM: 13%
Compounded Profit Growth
10 Years: 12%
5 Years: 14%
3 Years: 7%
TTM: 56%
Stock Price CAGR
10 Years: 24%
5 Years: 26%
3 Years: 7%
1 Year: 8%
Return on Equity
10 Years: 18%
5 Years: 18%
3 Years: 18%
Last Year: 18%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 1,424 1,876 2,257 2,756 3,524 4,045 4,615 4,970 5,961 6,894 7,518 8,815 9,360
2,164 2,439 2,358 1,898 1,391 867 871 932 1,001 2,529 3,347 3,099 3,122
544 688 685 725 855 927 954 866 1,166 1,517 1,444 1,731 1,981
Total Liabilities 4,151 5,021 5,318 5,398 5,789 5,878 6,479 6,806 8,166 10,979 12,348 13,685 14,501
1,335 2,389 2,415 2,859 2,849 2,849 2,786 3,308 3,370 4,019 5,384 6,317 6,399
CWIP 1,013 565 634 231 110 119 600 587 856 1,258 1,392 944 866
Investments 3 370 444 836 1,349 1,103 1,083 1,062 1,418 1,897 2,037 2,686 2,898
1,800 1,697 1,825 1,473 1,481 1,808 2,010 1,850 2,523 3,805 3,535 3,737 4,338
Total Assets 4,151 5,021 5,318 5,398 5,789 5,878 6,479 6,806 8,166 10,979 12,348 13,685 14,501

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
549 602 984 1,072 847 750 820 1,173 1,339 908 1,448 2,083
-1,011 -1,230 -435 -552 -563 -92 -636 -678 -1,173 -1,897 -1,783 -1,475
370 365 -130 -625 -589 -654 -165 -495 -158 980 359 -602
Net Cash Flow -92 -263 419 -105 -306 4 20 1 8 -9 23 5

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 56 59 56 43 40 39 36 45 48 48 42 56
Inventory Days 88 114 76 102 110 105 113 105 148 162 124 108
Days Payable 53 82 74 88 87 70 58 65 103 80 37 74
Cash Conversion Cycle 91 91 58 58 64 75 92 84 93 130 129 91
Working Capital Days 94 90 37 -8 19 76 74 66 70 86 76 76
ROCE % 17% 18% 17% 15% 20% 22% 22% 17% 24% 24% 14% 18%

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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