WEBSITE BSE:502355 NSE : BALKRISH IND 06 Sep, 16:03
Market Cap ₹57487 Cr.
Stock P/E 35.3
P/B 6.2
Current Price ₹2973.7
Book Value ₹ 483.3
Face Value 2
52W High ₹3378
Dividend Yield 0.67%
52W Low ₹ 2193.9
Balkrishna Industries Limited is engaged in supplying pneumatic tires. The Company gives tires, tubes and tire flaps. It focuses on manufacture of a number of off-highway tires (OHT). These tires are mainly intended for agricultural, industrial and construction, earthmover and port, mining, forestry, garden and lawn and all-terrain cars (ATV). It offers tires for compact loader, compact utility tractor, cotton picker, forwarder, cross-kart, golfing kart, harvester, hay harvester/baler, mower, orchard harvester, pivot irrigator, rotor rake, rototiller, sprayer, spreader, tanker, tractor, trailer, trencher, and vineyard harvester. The Company gives tires for backhoe loader, compact dumper, compactor, container handler, excavator, cellular home and skid steer. It additionally offers tires for dozer, haul teach, load haul dump (LHD) and underground mining motors. Its merchandise consist of AGRIMAX RT 855, PL 801, EARTHMAX SR forty one, EM 934, AGRIMAX TERIS and EARTHMAX SR 30, amongst others.
Price goes above X
Price falls below X
PE goes above X
PE falls below X
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#(Fig in Cr.) | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 |
---|---|---|---|---|---|---|---|---|---|---|
Net Sales | 2374 | 2619 | 2658 | 2166 | 2317 | 2159 | 2253 | 2274 | 2682 | 2715 |
Other Income | 109 | 106 | 227 | 45 | 57 | 106 | 107 | 66 | 171 | 162 |
Total Income | 2484 | 2725 | 2884 | 2211 | 2374 | 2265 | 2360 | 2340 | 2853 | 2876 |
Total Expenditure | 1871 | 2175 | 2231 | 1896 | 1837 | 1658 | 1720 | 1734 | 2001 | 2051 |
Operating Profit | 612 | 550 | 653 | 314 | 537 | 607 | 640 | 606 | 852 | 825 |
Interest | 3 | 3 | 5 | 14 | 26 | 22 | 24 | 36 | 31 | 22 |
Depreciation | 120 | 129 | 137 | 149 | 156 | 155 | 160 | 161 | 174 | 163 |
Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Profit Before Tax | 490 | 417 | 511 | 151 | 355 | 430 | 456 | 409 | 647 | 640 |
Provision for Tax | 116 | 111 | 129 | 43 | 95 | 98 | 108 | 104 | 160 | 150 |
Profit After Tax | 375 | 307 | 382 | 108 | 260 | 332 | 347 | 305 | 487 | 490 |
Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Profit After Adjustments | 375 | 307 | 382 | 108 | 260 | 332 | 347 | 305 | 487 | 490 |
Adjusted Earnings Per Share | 19.4 | 15.9 | 19.8 | 5.6 | 13.4 | 17.2 | 18 | 15.8 | 25.2 | 25.3 |
#(Fig in Cr.) | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Sales | 3772 | 3817 | 3239 | 3723 | 4444 | 5210 | 4811 | 5783 | 8295 | 9760 | 9369 | 9924 |
Other Income | 14 | 277 | 174 | 254 | 340 | 218 | 368 | 172 | 438 | 364 | 449 | 506 |
Total Income | 3786 | 4094 | 3413 | 3977 | 4784 | 5428 | 5179 | 5955 | 8733 | 10124 | 9818 | 10429 |
Total Expenditure | 2882 | 3089 | 2417 | 2592 | 3341 | 3907 | 3655 | 3972 | 6286 | 8070 | 7113 | 7506 |
Operating Profit | 904 | 1005 | 996 | 1385 | 1442 | 1522 | 1524 | 1983 | 2447 | 2054 | 2705 | 2923 |
Interest | 27 | 48 | 40 | 22 | 15 | 12 | 11 | 12 | 9 | 48 | 113 | 113 |
Depreciation | 170 | 244 | 282 | 304 | 311 | 333 | 374 | 416 | 455 | 571 | 651 | 658 |
Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Profit Before Tax | 706 | 713 | 674 | 1059 | 1116 | 1177 | 1140 | 1555 | 1982 | 1435 | 1941 | 2152 |
Provision for Tax | 232 | 241 | 229 | 342 | 380 | 403 | 180 | 377 | 547 | 377 | 470 | 522 |
Profit After Tax | 475 | 473 | 446 | 717 | 736 | 774 | 960 | 1178 | 1435 | 1057 | 1471 | 1629 |
Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Profit After Adjustments | 475 | 473 | 446 | 717 | 736 | 774 | 960 | 1178 | 1435 | 1057 | 1471 | 1629 |
Adjusted Earnings Per Share | 24.6 | 24.4 | 23.1 | 37.1 | 38.1 | 40 | 49.6 | 60.9 | 74.3 | 54.7 | 76.1 | 84.3 |
# | 1 Year | 3 Year | 5 Year | 10 Year |
---|---|---|---|---|
Sales CAGR | -4% | 17% | 12% | 10% |
Operating Profit CAGR | 32% | 11% | 12% | 12% |
PAT CAGR | 39% | 8% | 14% | 12% |
# | 1 Year | 3 Year | 5 Year | 10 Year |
---|---|---|---|---|
Share Price CAGR | 23% | 7% | 33% | 22% |
ROE Average | 18% | 18% | 19% | 20% |
ROCE Average | 18% | 19% | 20% | 20% |
#(Fig in Cr.) | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
---|---|---|---|---|---|---|---|---|---|---|---|
Shareholder's Funds | 1895 | 2276 | 2775 | 3543 | 4083 | 4654 | 5008 | 6000 | 6933 | 7557 | 8854 |
Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Borrowings | 1706 | 1359 | 831 | 219 | 3 | 2 | 2 | 1 | 501 | 1038 | 691 |
Other Non-Current Liabilities | 179 | 190 | 267 | 381 | 359 | 368 | 238 | 264 | 309 | 403 | 479 |
Total Current Liabilities | 1241 | 1493 | 1526 | 1647 | 1434 | 1455 | 1558 | 1902 | 3236 | 3349 | 3660 |
Total Liabilities | 5021 | 5318 | 5398 | 5789 | 5878 | 6479 | 6806 | 8166 | 10979 | 12348 | 13685 |
Fixed Assets | 2389 | 2415 | 2859 | 2797 | 2771 | 2709 | 3222 | 3284 | 3940 | 5313 | 6253 |
Other Non-Current Assets | 1154 | 832 | 974 | 1246 | 1091 | 1299 | 1663 | 2403 | 3145 | 3106 | 2787 |
Total Current Assets | 1479 | 2071 | 1566 | 1746 | 2017 | 2471 | 1921 | 2479 | 3894 | 3928 | 4644 |
Total Assets | 5021 | 5318 | 5398 | 5789 | 5878 | 6479 | 6806 | 8166 | 10979 | 12348 | 13685 |
#(Fig in Cr.) | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
---|---|---|---|---|---|---|---|---|---|---|---|
Opening Cash & Cash Equivalents | 278 | 15 | 433 | 328 | 23 | 26 | 46 | 47 | 55 | 46 | 69 |
Cash Flow from Operating Activities | 602 | 984 | 1072 | 847 | 750 | 820 | 1173 | 1339 | 908 | 1448 | 2083 |
Cash Flow from Investing Activities | -1230 | -437 | -552 | -563 | -92 | -636 | -678 | -1173 | -1897 | -1783 | -1476 |
Cash Flow from Financing Activities | 365 | -130 | -625 | -589 | -654 | -165 | -495 | -158 | 980 | 359 | -602 |
Net Cash Inflow / Outflow | -263 | 417 | -105 | -306 | 4 | 20 | 1 | 8 | -9 | 23 | 5 |
Closing Cash & Cash Equivalent | 15 | 434 | 328 | 23 | 26 | 46 | 47 | 55 | 46 | 69 | 75 |
# | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
---|---|---|---|---|---|---|---|---|---|---|---|
Earnings Per Share (Rs) | 24.55 | 24.45 | 23.06 | 37.08 | 38.06 | 40.02 | 49.65 | 60.92 | 74.26 | 54.7 | 76.12 |
CEPS(Rs) | 33.36 | 37.05 | 37.66 | 52.81 | 54.17 | 57.23 | 68.97 | 82.45 | 97.81 | 84.23 | 109.79 |
DPS(Rs) | 2 | 2.4 | 5.5 | 8 | 8 | 8 | 20 | 17 | 28 | 20 | 20 |
Book NAV/Share(Rs) | 98.03 | 117.73 | 143.55 | 183.28 | 211.25 | 240.75 | 259.09 | 310.39 | 358.67 | 390.94 | 458.04 |
Core EBITDA Margin(%) | 23.3 | 18.79 | 25.01 | 29.92 | 24.7 | 25.01 | 24.03 | 31.3 | 24.2 | 17.3 | 24.02 |
EBIT Margin(%) | 19.21 | 19.66 | 21.71 | 28.59 | 25.34 | 22.82 | 23.91 | 27.08 | 23.99 | 15.18 | 21.88 |
Pre Tax Margin(%) | 18.49 | 18.43 | 20.5 | 28 | 25.01 | 22.58 | 23.68 | 26.87 | 23.88 | 14.69 | 20.67 |
PAT Margin (%) | 12.43 | 12.21 | 13.55 | 18.96 | 16.49 | 14.85 | 19.95 | 20.35 | 17.29 | 10.83 | 15.67 |
Cash Profit Margin (%) | 16.88 | 18.5 | 22.13 | 27.01 | 23.46 | 21.23 | 27.71 | 27.55 | 22.78 | 16.67 | 22.6 |
ROA(%) | 10.35 | 9.14 | 8.32 | 12.82 | 12.61 | 12.52 | 14.45 | 15.73 | 14.99 | 9.07 | 11.31 |
ROE(%) | 28.44 | 22.66 | 17.65 | 22.69 | 19.3 | 17.71 | 19.86 | 21.39 | 22.2 | 14.6 | 17.93 |
ROCE(%) | 18.48 | 16.97 | 15.35 | 22.5 | 22.88 | 22.7 | 20.07 | 24.21 | 24.19 | 14.57 | 17.98 |
Receivable days | 54.16 | 56.34 | 53.6 | 38.46 | 36.45 | 34.91 | 41.99 | 42.37 | 40.67 | 41.32 | 49.76 |
Inventory Days | 48.98 | 46.2 | 44.92 | 42.21 | 44.78 | 48.25 | 52.13 | 49.06 | 57.43 | 62.39 | 58.28 |
Payable days | 68.35 | 74.44 | 95.12 | 82.61 | 66.73 | 59.39 | 65.69 | 82.03 | 71.7 | 49.06 | 56.98 |
PER(x) | 9.74 | 13.21 | 13.65 | 18.68 | 28.18 | 24.85 | 15.93 | 27.75 | 28.8 | 35.68 | 30.45 |
Price/Book(x) | 2.44 | 2.74 | 2.19 | 3.78 | 5.08 | 4.13 | 3.05 | 5.45 | 5.96 | 4.99 | 5.06 |
Dividend Yield(%) | 0.42 | 0.37 | 0.87 | 0.58 | 0.75 | 0.8 | 2.53 | 1.01 | 1.31 | 1.02 | 0.86 |
EV/Net Sales(x) | 1.87 | 2.14 | 2.36 | 3.96 | 4.85 | 3.84 | 3.36 | 5.81 | 5.28 | 4.2 | 5.1 |
EV/Core EBITDA(x) | 7.79 | 8.13 | 7.68 | 10.66 | 14.96 | 13.16 | 10.6 | 16.95 | 17.91 | 19.96 | 17.68 |
Net Sales Growth(%) | 11.14 | 1.19 | -15.13 | 14.94 | 19.35 | 17.24 | -7.65 | 20.2 | 43.44 | 17.65 | -4 |
EBIT Growth(%) | 30.7 | 3.74 | -6.18 | 51.32 | 4.65 | 5.14 | -3.25 | 36.2 | 27.12 | -25.53 | 38.52 |
PAT Growth(%) | 35.64 | -0.43 | -5.68 | 60.83 | 2.64 | 5.15 | 24.04 | 22.7 | 21.9 | -26.33 | 39.16 |
EPS Growth(%) | 35.64 | -0.43 | -5.67 | 60.83 | 2.64 | 5.15 | 24.04 | 22.7 | 21.9 | -26.33 | 39.16 |
Debt/Equity(x) | 1.29 | 1.04 | 0.68 | 0.39 | 0.21 | 0.19 | 0.19 | 0.17 | 0.36 | 0.44 | 0.35 |
Current Ratio(x) | 1.19 | 1.39 | 1.03 | 1.06 | 1.41 | 1.7 | 1.23 | 1.3 | 1.2 | 1.17 | 1.27 |
Quick Ratio(x) | 0.73 | 1.11 | 0.77 | 0.77 | 0.97 | 1.18 | 0.84 | 0.81 | 0.69 | 0.67 | 0.91 |
Interest Cover(x) | 26.72 | 15.93 | 17.92 | 49.12 | 76.26 | 95.58 | 106.61 | 133.22 | 212.99 | 30.69 | 18.11 |
Total Debt/Mcap(x) | 0.53 | 0.38 | 0.31 | 0.1 | 0.04 | 0.05 | 0.06 | 0.03 | 0.06 | 0.09 | 0.07 |
# | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 |
---|---|---|---|---|---|---|---|---|---|---|
Promoter | 58.29 | 58.29 | 58.29 | 58.29 | 58.29 | 58.29 | 58.29 | 58.29 | 58.29 | 58.29 |
FII | 14.05 | 14.3 | 12.96 | 12.45 | 12.43 | 12.41 | 12.54 | 12.69 | 12.24 | 12.61 |
DII | 11.79 | 11.17 | 18.92 | 20.23 | 20.3 | 21 | 21.23 | 21.42 | 22.08 | 22.44 |
Public | 15.87 | 16.24 | 9.83 | 9.03 | 8.98 | 8.3 | 7.95 | 7.6 | 7.38 | 6.66 |
Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
# | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 |
---|---|---|---|---|---|---|---|---|---|---|
Promoter | 11.27 | 11.27 | 11.27 | 11.27 | 11.27 | 11.27 | 11.27 | 11.27 | 11.27 | 11.27 |
FII | 2.72 | 2.76 | 2.5 | 2.41 | 2.4 | 2.4 | 2.42 | 2.45 | 2.37 | 2.44 |
DII | 2.28 | 2.16 | 3.66 | 3.91 | 3.92 | 4.06 | 4.1 | 4.14 | 4.27 | 4.34 |
Public | 3.07 | 3.14 | 1.9 | 1.74 | 1.74 | 1.6 | 1.54 | 1.47 | 1.43 | 1.29 |
Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total | 19.33 | 19.33 | 19.33 | 19.33 | 19.33 | 19.33 | 19.33 | 19.33 | 19.33 | 19.33 |
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