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Fincash » Search » Balkrishna Industries Ltd

Balkrishna Industries Ltd

Updated on August 1, 2020

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,...show more

Below is the details of BALKRISIND Balkrishna Industries Ltd

Market Cap₹20,857 Cr.
Current Price ₹1,349.85 as on 7 Aug 20
52 Week High / Low Price₹1,298 / ₹677.6
Face Value₹2
Stock P/E23.91
Book Value₹259.54
Dividend Yield1.85 %
ROCE21.64 %
ROE16.85 %
Sales Growth (3yrs)17.66 %
SectorTyres
IndustryTyres
Listed onBSE  AND  NSE
Company WebsiteCompany Website
Pros: Company is virtually debt free. Company has been maintaining a healthy dividend payout of 17.17%
Cons:

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 ₹62,702.8 24.16 ₹25,063.95 Cr. 0.10 ₹241.32 Cr. -17.02 -0.47 4075.75 13.68
2. Balkrishna Inds ₹18.15 23.91 ₹20,856.99 Cr. 1.85 ₹220.68 Cr. 52.51 -3.74 1160.50 21.64
3. Apollo Tyres ₹123.75 11.66 ₹5,554.61 Cr. 3.35 ₹77.86 Cr. -52.87 -15.53 3610.14 8.74
4. CEAT ₹890.8 13.14 ₹3,276.26 Cr. 1.48 ₹51.88 Cr. -29.47 -10.63 1573.41 13.38
5. Goodyear India ₹272.95 15.70 ₹1,613.75 Cr. 1.86 ₹11.88 Cr. -45.23 -8.15 426.26 19.31
6. JK Tyre & Indust ₹65.55 4.94 ₹1,289.02 Cr. 2.87 ₹10.95 Cr. -71.90 -19.44 2199.80 10.52
7. TVS Srichakra ₹1,485.8 14.21 ₹1,077.92 Cr. 2.84 ₹12.78 Cr. -44.91 -15.35 509.44 18.11
8. Birla Tyres ₹22.3 ₹228.86 Cr. 0.00 Cr.

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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

Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019
Sales -1,0011,0121,1141,1061,2321,3621,3251,2061,3511,1931,0711,160
YOY Sales Growth %15.03%7.43%17.86%23.41%23.02%34.62%18.94%8.97%9.68%-12.40%-19.18%-3.74%
Expenses -7467968108169361,0059939051,031926804819
Material Cost %47.13%51.70%49.19%45.63%46.57%46.85%46.18%45.86%48.82%48.18%43.67%41.28%
Employee Cost %5.95%5.80%5.35%5.56%5.60%5.00%5.14%5.64%4.40%5.83%6.54%6.10%
Operating Profit255216305290296358333301320268267341
OPM %26%21%27%26%24%26%25%25%24%22%25%29%
Other Income62928278848291140728130
Interest553233222222
Depreciation757678807884838382849195
Profit before tax237228307286298352338216276254256275
Tax %42%33%34%34%35%35%34%33%33%31%-14%20%
Net Profit138153203190194230222145185176291221
EPS in Rs7.143.9610.509.8010.0211.9111.507.489.569.1015.0511.42
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 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019TTM
Sales -9781,2191,3511,9342,8193,1893,5753,7763,2203,7284,4475,2444,776
Sales Growth %13.10%24.65%10.84%43.11%45.80%13.11%12.11%5.62%-14.73%15.78%19.30%17.93%
Expenses -7751,0551,0171,6552,3132,5252,6813,0402,3812,5963,3403,9323,579
Material Cost %56.57%58.53%50.74%63.40%60.69%56.16%48.14%52.11%43.77%42.42%48.34%46.96%
Manufacturing Cost %9.05%10.39%11.31%9.88%9.98%10.33%10.15%11.65%11.51%9.84%10.89%10.47%
Employee Cost %2.63%2.70%3.13%2.82%2.57%3.37%3.88%5.15%6.39%6.02%5.60%5.03%
Other Cost %11.03%14.93%10.10%9.48%8.82%9.30%12.83%11.61%12.29%11.36%10.27%12.51%
Operating Profit2031643342795066658947368381,1321,1081,3121,197
OPM %21%13%25%14%18%21%25%19%26%30%25%25%25%
Other Income313862913414279149250336214223
Interest2738192128262547402114117
Depreciation4457667483108165240282304311333352
Profit before tax1631083112753985357187286651,0561,1181,1831,060
Tax %35%35%33%33%33%34%32%33%34%32%34%34%
Net Profit10670209186269356488489439716739782872
EPS in Rs5.283.5310.679.4913.7718.2825.1025.0521.8936.4638.2440.4645.13
Dividend Payout %19%16%6%7%5%4%4%5%12%11%21%20%

Compounded Sales Growth

  • 10 Years:: 15.71%
  • 5 Years:: 7.96%
  • 3 Years:: 17.66%
  • TTM:: -6.81%

Compounded Profit Growth

  • 10 Years:: 26.48%
  • 5 Years:: 8.64%
  • 3 Years:: 20.60%
  • TTM:: 10.31%

Return on Equity

  • 10 Years:: 34.67%
  • 5 Years:: 24.83%
  • 3 Years:: 11.39%
  • 1 Year:: 38.58%

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 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Sep 2019
Share Capital -19191919191919191919393939
Equity Capital19.3319.3319.3319.3319.3319.3319.3319.3319.3319.3338.6638.66
Reserves3924486418121,0611,4001,8652,2722,7623,5324,0574,6404,979
Borrowings5354734646071,6732,0742,3502,3581,8801,361835830671
Other Liabilities -325332447659362495639665720843914921805
Trade Payables876184114200241373380337363397357327
Advance from Customers0001000000000
Other liability items238271363534162254266285383480517565478
Total Liabilities1,2711,2721,5722,0983,1163,9894,8745,3155,3825,7565,8456,4306,493
Fixed Assets -4245356156878281,2782,3292,4152,8582,8492,8492,7863,073
Gross Block5727398711,0091,2271,7843,0013,3213,1423,4383,7484,017
Accumulated Depreciation1482042573223995076729062845898991,231
CWIP127755944450946476634231110118585506
Investments3432813232334274458661,3501,1031,0831,155
Other Assets -6856318171,3341,8051,7331,6421,8211,4261,4481,7741,9751,759
Inventories186122203410481433529392388460594713641
Trade receivables195219240324480504618603380412502568509
Cash Equivalents9114113572661043130314255646
Loans n Advances29628037112822225327825922637339135118
Other asset items-1-1-1461265276207135130189263287546
Total Assets1,2711,2721,5722,0983,1163,9894,8745,3155,3825,7565,8456,4306,493

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 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Cash from Operating Activity -3828419659745505949791,095842753813
Profit from operations2252433793635096629211,0131,0731,2711,3591,438
Receivables-8518-33-118-244-49-17440170-51-171-74
Inventory-7464-81-207-7149-97137106-72-134-119
Payables29-103210832311212-161095-7
Direct taxes-57-31-100-84-150-141-176-210-233-312-386-407
Other operating items-0-1-1-3-2-2-2-3-5-4-10-20
Exceptional CF items-100000000000
Cash from Investing Activity --165-124-181-158-677-959-1,241-428-569-534-92-621
Fixed assets purchased-164-125-134-216-676-963-859-367-242-185-420-725
Fixed assets sold0010121142495
Investments purchased-35-10-289-778-212-490-1,811-1,080-3,651-2,542-1,182-1,157
Investments sold3102408272124891,4171,0043,3062,1381,4871,245
Investment income00090012832000
Interest received0111212151577
Dividends received000000000124
Other investing items30000-40-26-231650
Cash from Financing Activity -131-158-23105950318390-130-656-616-655-173
Proceeds from borrowings2314167821,6002,3702,1251,8504,2651,224169183771
Repayment of borrowings-76-511-772-1,457-1,384-1,764-1,418-4,326-1,753-699-704-759
Interest paid fin-25-39-20-22-20-26-25-46-35-22-13-10
Dividends paid0-24-14-16-16-17-17-22-91-64-121-174
Net Cash Flow42-77346-91-257421-129-308619

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Ratios

Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
ROCE %22%15%32%23%20%18%19%17%15%20%22%22%
Debtor Days736665616258635843404140
Inventory Turnover6.337.908.316.306.336.987.448.208.268.808.448.02

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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.