Is Balkrishna Industries a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Balkrishna Industries Ltd is a good quality company .

Is Balkrishna Industries undervalued or overvalued?

The key valuation ratios of Balkrishna Industries Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone .

What is Balkrishna Industries share price return in the past 10 years?

Balkrishna Industries Ltd share price has appreciated 24.3% annually (CAGR) over the past ten years.

Is Balkrishna Industries a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Balkrishna Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

What is the P/E ratio of Balkrishna Industries?

The latest standalone P/E ratio of Balkrishna Industries as of 22-Nov-2024 is 33.07.

What is the P/B ratio of Balkrishna Industries?

The latest standalone P/B ratio of Balkrishna Industries as of 22-Nov-2024 is 5.69.

What is the 52-week high and low of Balkrishna Industries?

The 52-week high of Balkrishna Industries is Rs. 3377.95 and the 52-week low is Rs. 2193.85.

Balkrishna Industries Ltd - Stock Valuation and Financial Performance

Name: Balkrishna Industries
Brand: Balkrishna Industries

BSE: 502355 | NSE: BALKRISIND | Tyres & Allied | Mid Cap

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Balkrishna Inds. Share Price

₹2,765.65 42.20 1.55%
as on 22-Nov'24 16:59

10 Year X-Ray of Balkrishna Inds.:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	17.4%	15.2%	22.5%	23%	22.9%	19.9%	24.1%	24.1%	14.8%	17.7%	-
Value Creation Index ⓘ	0.3	0.1	0.7	1.1	0.7	0.8	1.1	1.1	0.3	0.6	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	3,780	3,223	3,728	4,447	5,245	4,782	5,758	8,267	9,811	9,299	10,079
Sales YoY Gr.	-	-14.8%	15.7%	19.3%	17.9%	-8.8%	20.4%	43.6%	18.7%	-5.2%	-
Adj EPS ⓘ	15.6	19.3	28.6	26.6	33.5	41.8	55.9	59.8	45.9	60.8	83.6
YoY Gr.	-	23.9%	48.2%	-7.2%	26%	24.8%	33.6%	7%	-23.2%	32.5%	-
BVPS (₹) ⓘ	118.5	143.9	183.7	211.9	242	260.1	310.8	358.2	392.6	458.5	486.5
Adj Net Profit ⓘ	302	374	554	514	648	808	1,080	1,156	888	1,176	1,617
Cash Flow from Ops. ⓘ	979	1,095	842	753	813	1,164	1,363	881	1,414	2,052	-
Debt/CF from Ops. ⓘ	2.4	1.7	1.6	1.1	1	0.7	0.7	2.8	2.3	1.5	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	10.5%	12.1%	17.3%	-5.2%
Adj EPS ⓘ	16.3%	12.7%	2.9%	32.5%
BVPSⓘ	16.2%	13.6%	13.8%	16.8%
Share Price	24.3%	26.8%	7%	7.6%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	14.4	14.7	17.5	13.4	14.8	16.7	19.6	17.9	12.2	14.3	17.7
Op. Profit Mgn % ⓘ	19.5	26.5	30.4	24.9	25.1	26.2	31	23.9	17.6	23.7	24.2
Net Profit Mgn % ⓘ	8	11.6	14.9	11.6	12.4	16.9	18.8	14	9.1	12.7	16
Debt to Equity ⓘ	1	0.7	0.4	0.2	0.2	0.2	0.2	0.4	0.4	0.3	0.1
Working Cap Days ⓘ	144	140	123	130	128	140	131	134	133	139	88
Cash Conv. Cycle ⓘ	59	47	33	41	50	61	50	58	76	78	21

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 17.70%

Sales growth is growing at healthy rate in last 3 years 17.32%

Sales growth is good in last 4 quarters at 14.52%

Net Profit has been subdued in last 3 years 2.88%

Latest Financials - Balkrishna Industries Ltd.

	Standalone	Consolidated
TTM EPS (₹)	83.6	84.3
TTM Sales (₹ Cr.)	10,079	10,091
BVPS (₹.) ⓘ	486.5	486.2
Reserves (₹ Cr.) ⓘ	9,366	9,360
P/BV ⓘ	5.69	5.69
PE ⓘ	33.07	32.82

From the Market
52 Week Low / High (₹)	2193.85 / 3377.95
All Time Low / High (₹)	0.58 / 3377.95
Market Cap (₹ Cr.)	53,465
Equity (₹ Cr.)	38.7
Face Value (₹)	2
Industry PE ⓘ	29.1

Management X-Ray of Balkrishna Inds.:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Balkrishna Inds.

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Balkrishna Inds.

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	3,780	3,223	3,728	4,447	5,245	4,782	5,758	8,267	9,811	9,299
Operating Expenses ⓘ	3,045	2,384	2,596	3,340	3,932	3,648	3,972	6,291	8,112	7,094
Manufacturing Costs	439	370	366	484	549	451	558	746	874	946
Material Costs	1,968	1,409	1,582	2,150	2,463	2,127	2,303	3,779	4,956	4,474
Employee Cost	194	206	224	249	264	286	326	380	404	441
Other Costs ⓘ	443	398	423	457	656	785	785	1,386	1,878	1,232
Operating Profit ⓘ	735	839	1,132	1,108	1,312	1,134	1,786	1,976	1,698	2,204
Operating Profit Margin (%)	19.4%	26.0%	30.4%	24.9%	25.0%	23.7%	31.0%	23.9%	17.3%	23.7%
Other Income ⓘ	280	149	250	336	214	366	161	431	355	448
Interest ⓘ	47	40	21	14	11	9	10	8	46	110
Depreciation ⓘ	240	282	304	311	333	368	406	444	557	644
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	728	665	1,056	1,118	1,183	1,123	1,531	1,954	1,451	1,899
Tax ⓘ	239	227	341	379	401	178	376	544	372	461
Profit After Tax	489	439	716	739	782	945	1,155	1,411	1,079	1,438
PAT Margin (%)	12.9%	13.6%	19.2%	16.6%	14.9%	19.8%	20.1%	17.1%	11.0%	15.5%
Adjusted EPS (₹)	25.3	22.7	37.0	38.2	40.5	48.9	59.8	73.0	55.8	74.4
Dividend Payout Ratio (%)	5%	12%	11%	21%	20%	41%	28%	38%	36%	27%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	2,292	2,782	3,551	4,095	4,679	5,028	6,007	6,925	7,589	8,862
Share Capital ⓘ	19	19	19	39	39	39	39	39	39	39
Reserves ⓘ	2,272	2,762	3,532	4,057	4,640	4,989	5,969	6,886	7,550	8,823
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	1,993	1,272	767	619	829	861	893	2,442	3,254	3,037
Long Term Debt	1,359	831	219	3	2	2	1	501	1,038	691
Short Term Debt	633	441	548	616	827	859	892	1,941	2,215	2,345
Trade Payables	380	337	363	397	357	361	633	808	487	893
Others Liabilities ⓘ	650	991	1,074	734	565	481	506	683	943	814
Total Liabilities ⓘ	5,315	5,382	5,756	5,845	6,430	6,731	8,040	10,857	12,272	13,605
Fixed Assets
Gross Block	3,321	3,142	3,385	3,666	3,935	4,783	5,243	6,344	8,246	9,825
Accumulated Depreciation	906	284	588	896	1,226	1,592	1,996	2,437	2,967	3,606
Net Fixed Assetsⓘ	2,415	2,858	2,797	2,771	2,709	3,191	3,248	3,907	5,278	6,219
CWIP ⓘ	634	231	110	118	585	586	856	1,258	1,392	944
Investmentsⓘ	445	857	1,350	1,103	1,083	1,063	1,418	1,897	2,037	2,687
Inventories	392	388	460	594	713	580	909	1,639	1,592	1,271
Trade Receivables	603	380	412	502	568	649	730	1,098	1,254	1,543
Cash Equivalents	431	303	14	25	56	46	54	35	38	53
Others Assetsⓘ	395	364	614	732	716	616	825	1,022	681	888
Total Assets ⓘ	5,315	5,382	5,756	5,845	6,430	6,731	8,040	10,857	12,272	13,605

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	979	1,095	842	753	813	1,164	1,363	881	1,414	2,052
PBT ⓘ	728	665	1,056	1,118	1,183	1,123	1,531	1,954	1,451	1,899
Adjustment ⓘ	286	407	215	241	255	279	258	209	545	408
Changes in Working Capital ⓘ	179	259	-113	-215	-212	57	-77	-825	-244	163
Tax Paid ⓘ	-210	-233	-313	-386	-407	-286	-349	-457	-338	-418
Cash Flow From Investing Activity ⓘ	-433	-569	-534	-92	-621	-656	-1,159	-1,889	-1,772	-1,468
Capex	-366	-239	-161	-411	-720	-761	-908	-1,580	-1,741	-1,075
Net Investments	-77	-344	-404	305	88	86	-289	-352	-88	-458
Others ⓘ	10	14	32	14	11	20	39	43	57	65
Cash Flow From Financing Activityⓘ	-130	-656	-616	-655	-173	-521	-194	1,003	359	-568
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	40	-974	-610	-487	-116	-239	183	1,664	385	146
Interest Paid ⓘ	-46	-35	-22	-13	-10	-7	-10	-8	-40	-98
Dividend Paid ⓘ	-22	-91	-64	-121	-174	-513	-232	-560	-309	-309
Others ⓘ	-101	444	80	-34	128	238	-136	-93	323	-307
Net Cash Flow ⓘ	416	-129	-308	6	19	-13	10	-5	1	17

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	23.41	17.29	22.6	19.34	17.83	19.47	20.94	21.82	14.86	17.48
ROCE (%)	17.43	15.15	22.51	23.01	22.88	19.86	24.1	24.13	14.82	17.66
Asset Turnover Ratio	0.75	0.61	0.68	0.77	0.85	0.73	0.78	0.88	0.85	0.72
PAT to CFO Conversion(x)	2	2.49	1.18	1.02	1.04	1.23	1.18	0.62	1.31	1.43
Working Capital Days
Receivable Days	58	55	38	37	37	46	44	40	44	55
Inventory Days	44	43	41	43	45	49	47	56	60	56
Payable Days	70	93	81	65	56	62	79	70	48	56

Balkrishna Industries Ltd Stock News

Balkrishna Industries Ltd FAQs

What is the share price of Balkrishna Inds.?

Company share prices are keep on changing according to the market conditions. The closing price of Balkrishna Inds. on 22-Nov-2024 16:59 is ₹2,765.7.

What is the market cap of Balkrishna Inds.?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 22-Nov-2024 16:59 the market cap of Balkrishna Inds. stood at ₹53,464.8.

What is the P/E ratio of Balkrishna Inds.?

The latest P/E ratio of Balkrishna Inds. as of 22-Nov-2024 16:59 is 33.07.

What is the P/B ratio of Balkrishna Inds.?

The latest P/B ratio of Balkrishna Inds. as of 22-Nov-2024 16:59 is 5.69.

What is the 52-week high and low of Balkrishna Inds.?

The 52-week high of Balkrishna Inds. is ₹3,378 and the 52-week low is ₹2,193.9.

What is the TTM revenue of Balkrishna Inds.?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Balkrishna Inds. is ₹10,079 ( Cr.) .

About Balkrishna Industries Ltd

While the group foundation dates back to the 1950s, Balkrishna Industries (BKT) started its Off-Highway tire business in 1987. For many years, the company has successfully focused on specialist segments such as agricultural, construction and industrial as well as earthmoving, port and mining, ATV, and gardening applications.

Talent for innovation has been the company’s strength ever since as a result of consistent and continuous investment into Research and Development (R&D) as well as into tire technology, tire machinery and tire manufacturing processes. Its independent R&D Center in Bhuj ensures research into innovative product design and development as well as sustainable materials. This includes ‘the tire of the future’ project as well as new compounding methods by using rubber obtained from the Russian Dandelion TKS as a renewable alternative to natural rubber. In addition, it produces in-house its own tire molds and carbon black pigments. This provides company with major autonomy and ensures enhanced quality control throughout the entire supply chain.

Business area of the company

The company is primarily engaged into Specialty ‘Off Highway Tire segment’ which is consisting of Agriculture, Industrial, Construction, Earthmoving, Mining, Port, Lawn and Garden and All-Terrain Vehicle (ATVs) Tires, etc. This segment is highly technical & capital intensive and known as ‘large varieties low volume segment’ where any credible player needs to maintain large number of Stock Keeping Units (SKUs) to meet the diverse requirement of its customers worldwide. While the sub segment (agriculture) is largely known as non-cyclical in nature, the other sub segment (industrial, construction and mining) is generally considered as cyclical and the performance of it is largely linked to overall economic outlook of the world. The market for company’s products is mainly Europe, America, Australasia and India.

Products: