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Fincash » Search » Balkrishna Industries Ltd

Balkrishna Industries Ltd

Updated on August 12, 2019

Stock/Share Code - BALKRISIND

Balkrishna Industries is engaged in the business of manufacturing and selling of Off-Highway Tyres (OHT) in the specialist segments such as Agricultural, Industrial & Construction, Earthmovers & Port, Mining, Forestry, Lawn & Garden and All Terrain Vehicles (ATV).

Below is the details of BALKRISIND Balkrishna Industries Ltd

Market Cap₹15,051 Cr.
Current Price ₹719.05 as on 16 Aug 19
52 Week High / Low Price₹1,467.4 / ₹741.1
Face Value₹2
Stock P/E19.25
Book Value₹242.02
Dividend Yield1.03 %
ROCE21.82 %
ROE18.33 %
Sales Growth (3yrs)5.60 %
SectorTyres
IndustryTyres
Listed onBSE  AND  NSE
Company WebsiteCompany Website
Pros: Company has reduced debt.
Cons: The company has delivered a poor growth of 6.88% over past five years.

Balkrishna Industries Ltd Price Chart

Balkrishna Industries Ltd Price Chart

Balkrishna Industries Ltd Peer Comparison in Tyres

S.No. Name CMP Rs. P/E Mar Cap Rs.Cr. Div Yld % NP Qtr Rs.Cr. Qtr Profit Var % Qtr Sales Var % Sales Qtr Rs.Cr. ROCE %
1. MRF ₹56,823.6 21.36 ₹23,432.4 Cr. 0.11 ₹293.83 Cr. -14.91 6.20 4073.45 16.86
2. Balkrishna Inds ₹19.05 19.25 ₹15,050.71 Cr. 1.03 ₹184.74 Cr. -4.59 9.68 1351.04 21.82
3. Apollo Tyres ₹82.25 13.27 ₹11,126.37 Cr. 1.54 ₹84 Cr. -33.82 5.95 4273.73 9.45
4. CEAT ₹855.6 13.75 ₹3,963.3 Cr. 1.17 ₹64.25 Cr. 4.65 4.41 1760.47 14.77
5. Goodyear India ₹69.4 21.38 ₹2,182.54 Cr. 1.37 ₹26.86 Cr. 22.20 11.28 423.88 26.79
6. JK Tyre & Indust ₹56.1 8.90 ₹2,033.87 Cr. 1.67 ₹33.58 Cr. -76.26 18.47 2705.89 6.26
7. TVS Srichakra ₹1,642.1 15.17 ₹1,564.94 Cr. 1.96 ₹16.03 Cr. -44.11 4.89 579.89 21.61

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Balkrishna Industries Ltd Fundamentals

Quarterly Results

Quarterly reports are issued by companies every three months. Most companies have a financial year-end of Mar. 31 and quarters that end on June 30, Sept. 30, Dec. 31 and March 31.

Standalone Figures in Rs. Crores

Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019
Sales9429468961,0011,0121,1141,1061,2321,3621,3251,2061,351
YOY Sales Growth %10.06%16.91%28.31%15.03%7.43%17.86%23.41%23.02%34.62%18.94%8.97%9.68%
Expenses6516386187467968108169361,0059939051,031
Material Cost %40.82%38.77%39.98%47.13%51.7%49.19%45.63%46.57%46.85%46.18%45.86%48.82%
Employee Cost %5.79%5.71%6.27%5.95%5.8%5.35%5.56%5.6%5%5.14%5.64%4.4%
Operating Profit291307278255216305290296358333301320
OPM %31%33%31%26%21%27%26%24%26%25%25%24%
Other Income211046362928278848291140
Interest755553233222
Depreciation777279757678807884838382
Profit before tax228334257237228307286298352338216276
Tax %35%27%28%42%33%34%34%35%35%34%33%33%
Net Profit149243186138153203190194230222145185
NotesNotesNotesNotesNotesNotesNotesNotesNotesNotesNotesNotes

Profit & Loss

The profit and loss (P&L) statement is a financial statement that summarizes the revenues, costs and expenses incurred during a specified period, usually a fiscal quarter or year. The P&L statement is synonymous with the income statement. These records provide information about a company's ability or inability to generate profit" by increasing revenue, reducing costs or both. Some refer to the P&L statement as a statement of profit and loss, income statement, statement of operations, statement of financial results or income, earnings statement or expense statement.

Standalone Figures in Rs. Crores

Mar 2007Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018TTM
Sales8659781,2191,3511,9342,8193,1893,5753,7763,2203,7284,4475,244
Sales Growth %48.12%13.1%24.65%10.84%43.11%45.8%13.11%12.11%5.62%-14.73%15.78%19.3%%
Expenses7007751,0551,0171,6552,3132,5252,6813,0402,3812,5963,3403,933
Material Cost %56.42%56.57%58.53%50.74%63.4%60.69%56.16%48.14%52.11%43.77%42.42%48.34%%
Manufacturing Cost %11.18%9.05%10.39%11.31%9.88%9.98%10.33%10.15%11.65%11.51%9.84%10.89%%
Employee Cost %2.67%2.48%2.52%2.7%2.82%2.57%3.37%3.88%5.15%6.39%6.02%5.59%%
Other Cost %10.65%11.18%15.11%10.53%9.48%8.82%9.31%12.83%11.61%12.29%11.36%10.27%%
Operating Profit1652031643342795066658947368381,1321,1081,311
OPM %19%21%13%25%14%18%21%25%19%26%30%25%25%
Other Income18313862913414279149250336214
Interest18273819212826254740211410
Depreciation364457667483108165240282304311333
Profit before tax1291631083112753985357187286651,0561,1181,183
Tax %36%35%35%33%33%33%34%32%33%34%32%34%
Net Profit8310670209186269356488489439716739782
EPS in Rs4.225.373.5910.859.6413.9918.5725.4925.0521.8936.4637.43
Dividend Payout %24%19%16%6%7%5%4%4%5%12%11%21%

Compounded Sales Growth

  • 10 Years:: 16.35%
  • 5 Years:: 6.88%
  • 3 Years:: 5.60%
  • TTM:: 17.47%

Compounded Profit Growth

  • 10 Years:: 20.90%
  • 5 Years:: 14.53%
  • 3 Years:: 12.69%
  • TTM:: 5.78%

Return on Equity

  • 10 Years:: 22.24%
  • 5 Years:: 20.67%
  • 3 Years:: 18.52%
  • Last Year:: 18.33%

Balance Sheet

A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital structure. It is a financial statement that provides a snapshot of what a company owns and owes, as well as the amount invested by shareholders. It is used alongside other important financial statements such as the income statement and statement of cash flows in conducting fundamental analysis or calculating financial ratios.

Standalone Figures in Rs. Crores

Mar 2007Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Share Capital19191919191919191919193939
Equity Capital19.3319.3319.3319.3319.3319.3319.3319.3319.3319.3319.3338.6638.66
Reserves3283924486418121,0611,4001,8652,2722,7623,5324,0574,640
Borrowings4015354734646071,6732,0742,3502,3581,8801,361835829
Other Liabilities221326333448661364498643670748851921922
Trade Payables62.2286.5860.7683.83114.5200.41241410.42414.96336.72409.22445.21356.54
Total Liabilities9701,2721,2741,5732,0993,1183,9924,8775,3195,4105,7645,8516,430
Fixed Assets3994245356156878281,2782,3292,4152,8582,8492,8492,786
Gross Block564.35572.07738.79871.471008.951226.661784.223001.43321.253142.193438.043747.71
Accumulated Depreciation164.98147.6204.24256.59321.51398.51506.51671.95906.49283.97589.45898.67
CWIP76127755944450946476634231110118585
Investments23432813232334274458661,3501,1031,083
Other Assets4926866328191,3361,8071,7361,6451,8261,4541,4561,7811,975
Inventories122.38186.48122.26203.05410.38481.07432.55529.08392.01387.71459.69594.19713
Trade receivables168.71195.03219.08240.3324.24479.61504.49618.47603.29380.34412.19501.93568.12
Cash Equivalents5.398.6911.144.2310.99357.4266.319.8431.13302.8413.724.5855.61
Loans n Advances195.71295.67279.68371.04127.67221.88253.21277.57259.41225.7372.92386.1714.91
Total Assets9701,2721,2741,5732,0993,1183,9924,8775,3195,4105,7645,8516,430

Cash Flows

Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business. At the most fundamental level, a company’s ability to create value for shareholders is determined by its ability to generate positive cash flows, or more specifically, maximize long-term free cash flow.

Standalone Figures in Rs. Crores

Mar 2007Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018
Cash from Operating Activity453828419659745505949791,095842753
Cash from Investing Activity-177-165-124-181-158-677-959-1,241-428-569-534-92
Fixed Assets Purchased-182.62-163.74-125.03-134.44-216.37-676.11-962.6-858.69-366.89-242.29-184.88-419.88
Fixed Assets Sold1.60.290.330.880.171.042.060.610.713.6623.598.94
Investments purchased-20.07-34.53-10.25-288.67-778.19-212.16-490.17-1810.71-1080.43-3650.86-2542.33-1182.41
Investments sold232.6610.45240.17826.68212.35489.491417.111003.533306.42137.861487.32
Cash from Financing Activity61131-158-23105950318390-130-656-616-655
Proceeds from Borrowings142.56231.49415.66782.171600.282369.862124.921850.234264.691223.66168.63183.34
Repayment of Borrowings-35.06-75.67-511.12-771.83-1456.95-1384.3-1763.87-1417.78-4325.51-1753.44-698.52-704.18
Interest Paid-17.09-24.89-38.59-19.6-22.24-20.12-26.05-25.08-46.49-34.6-21.88-13.21
Dividends Paid-29.770.33-23.62-13.54-15.8-15.74-16.88-17-22.49-91.33-64.44-121.24
Net Cash Flow-7142-77346-91-257421-129-3086

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Ratios

Mar 2007Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018
ROCE %23%22%15%32%23%20%18%19%17%15%20%22%
Debtor Days717366656162586358434041
Inventory Turnover7.546.337.908.316.306.336.987.448.208.268.808.44

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Disclaimer:
All efforts have been made to ensure the information provided here is accurate as per time to time filling by company to exchanges. However, no guarantees are made regarding correctness of data. Investors are advised to validate/check information with exchanges or companies website before making any investment decisions.