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Balkrishna Industries Ltd

Updated on November 23, 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₹25,555 Cr.
Current Price ₹1,659.4 as on 27 Nov 20
52 Week High / Low Price₹1,415 / ₹677.6
Face Value₹2
Stock P/E28.69
Book Value₹260.1
Dividend Yield1.51 %
ROCE18.72 %
ROE18.48 %
Sales Growth (3yrs)8.66 %
SectorTyres
IndustryTyres
Listed onBSE  AND  NSE
Company WebsiteCompany Website
Pros: Company has been maintaining a healthy dividend payout of 27.20%
Cons: The company has delivered a poor growth of 4.84% over past five years. Tax rate seems low

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. Balkrishna Inds ₹17.35 28.69 ₹25,554.6 Cr. 1.51 ₹121.81 Cr. -30.79 -22.18 928.72 18.72
2. MRF ₹77,738.65 21.15 ₹24,586.68 Cr. 0.17 ₹13.46 Cr. -95.07 -44.96 2460.70 12.76
3. Apollo Tyres ₹117.7 35.30 ₹7,067.68 Cr. 2.43 -₹134.58 Cr. -195.04 -33.66 2873.44 5.29
4. CEAT ₹1,148.35 23.21 ₹3,552.33 Cr. 1.37 -₹34.76 Cr. -115.92 -36.07 1120.16 10.51
5. Goodyear India ₹290.4 24.75 ₹2,199.15 Cr. 1.36 ₹12.7 Cr. -52.72 -11.54 374.96 13.44
6. JK Tyre & Indust ₹80.5 42.01 ₹1,473.69 Cr. 1.17 -₹198.85 Cr. -1282.75 -56.09 1130.80 8.02
7. TVS Srichakra ₹1,558.2 58.97 ₹1,140.57 Cr. 1.35 -₹37.23 Cr. -244.47 -64.97 212.14 11.27
8. Birla Tyres ₹21.3 ₹351.48 Cr. 0.00 -₹106.27 Cr. -1062600.00 40.75 -46.36

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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

Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020
Sales -1,1141,1061,2321,3621,3251,2061,3511,1931,0711,1601,357929
YOY Sales Growth %17.86%23.41%23.02%34.62%18.94%8.97%9.68%-12.40%-19.18%-3.74%0.46%-22.18%
Expenses -8108169361,0059939051,031926804819985698
Material Cost %49.19%45.63%46.57%46.85%46.18%45.86%48.82%48.18%43.67%41.28%44.57%39.46%
Employee Cost %5.35%5.56%5.60%5.00%5.14%5.64%4.40%5.83%6.54%6.10%5.56%7.55%
Operating Profit305290296358333301320268267341373231
OPM %27%26%24%26%25%25%24%22%25%29%27%25%
Other Income82788482911407281306633
Interest323322222222
Depreciation7880788483838284919598100
Profit before tax307286298352338216276254256275339162
Tax %34%34%35%35%34%33%33%31%-14%20%24%25%
Net Profit203190194230222145185176291221257122
EPS in Rs10.509.8010.0211.9111.507.489.569.1015.0511.4213.316.30
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 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020TTM
Sales -1,2191,3511,9342,8193,1893,5753,7763,2203,7284,4475,2444,7824,518
Sales Growth %24.65%10.84%43.11%45.80%13.11%12.11%5.62%-14.73%15.78%19.30%17.93%-8.81%
Expenses -1,0551,0171,6552,3132,5252,6813,0402,3812,5963,3403,9323,5313,306
Material Cost %58.53%50.74%63.40%60.69%56.16%48.14%52.11%43.77%42.42%48.34%46.96%44.47%
Manufacturing Cost %10.39%11.31%9.88%9.98%10.33%10.15%11.65%11.51%9.84%10.89%10.47%9.43%
Employee Cost %2.70%3.13%2.82%2.57%3.37%3.88%5.15%6.39%6.02%5.60%5.03%5.98%
Other Cost %14.93%10.10%9.48%8.82%9.30%12.83%11.61%12.29%11.36%10.27%12.51%13.95%
Operating Profit1643342795066658947368381,1321,1081,3121,2511,212
OPM %13%25%14%18%21%25%19%26%30%25%25%26%27%
Other Income3862913414279149250336214249210
Interest381921282625474021141198
Depreciation57667483108165240282304311333368384
Profit before tax1083112753985357187286651,0561,1181,1831,1231,031
Tax %35%33%33%33%34%32%33%34%32%34%34%16%
Net Profit70209186269356488489439716739782945891
EPS in Rs3.5310.679.4913.7718.2825.1025.0521.8936.4638.2440.4648.8946.08
Dividend Payout %16%6%7%5%4%4%5%12%11%21%20%41%

Compounded Sales Growth

  • 10 Years:: 13.47%
  • 5 Years:: 4.84%
  • 3 Years:: 8.66%
  • TTM:: -10.99%

Compounded Profit Growth

  • 10 Years:: 15.69%
  • 5 Years:: 12.87%
  • 3 Years:: 11.79%
  • TTM:: 22.40%

Return on Equity

  • 10 Years:: 33.34%
  • 5 Years:: 31.90%
  • 3 Years:: 16.98%
  • 1 Year:: 77.69%

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 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Share Capital -191919191919191919393939
Equity Capital19.3319.3319.3319.3319.3319.3319.3319.3319.3338.6638.6638.66
Reserves4486418121,0611,4001,8652,2722,7623,5324,0574,6404,989
Borrowings4734646071,6732,0742,3502,3581,8801,361835830863
Other Liabilities -332447659362495639665720843914921840
Trade Payables6184114200241373380337363397357361
Advance from Customers0010000000000
Other liability items271363534162254266285383480517565479
Total Liabilities1,2721,5722,0983,1163,9894,8745,3155,3825,7565,8456,4306,731
Fixed Assets -5356156878281,2782,3292,4152,8582,8492,8492,7863,277
Gross Block7398711,0091,2271,7843,0013,3213,1423,4383,7484,0164,875
Accumulated Depreciation2042573223995076729062845898991,2301,598
CWIP755944450946476634231110118585586
Investments32813232334274458661,3501,1031,0831,063
Other Assets -6318171,3341,8051,7331,6421,8211,4261,4481,7741,9751,806
Inventories122203410481433529392388460594713580
Trade receivables219240324480504618603380412502568649
Cash Equivalents114113572661043130314255646
Loans n Advances280371128222253278259226373391351277
Other asset items-1-1461265276207135130189263287253
Total Assets1,2721,5722,0983,1163,9894,8745,3155,3825,7565,8456,4306,731

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 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Cash from Operating Activity -28419659745505949791,0958427538131,164
Profit from operations2433793635096629211,0131,0731,2711,3591,4381,402
Receivables18-33-118-244-49-17440170-51-171-74-7
Inventory64-81-207-7149-97137106-72-134-119133
Payables-103210832311212-161095-7-66
Other WC items0000000-0-1-5-12-3
Working capital changes72-81-217-28231-149179259-113-215-21257
Direct taxes-31-100-84-150-141-176-210-233-312-386-407-286
Other operating items-1-1-3-2-2-2-3-4-3-5-7-9
Exceptional CF items000000000000
Cash from Investing Activity --124-181-158-677-959-1,241-428-569-534-92-621-656
Fixed assets purchased-125-134-216-676-963-859-367-242-185-420-725-762
Fixed assets sold0101211424951
Investments purchased-10-289-778-212-490-1,811-1,080-3,651-2,542-1,182-1,157-2,304
Investments sold102408272124891,4171,0043,3062,1381,4871,2452,390
Investment income00900128320000
Interest received11121215157715
Dividends received000000001244
Other investing items000-40-26-2316501
Cash from Financing Activity --158-23105950318390-130-656-616-655-173-521
Proceeds from borrowings4167821,6002,3702,1251,8504,2651,224169183771704
Repayment of borrowings-511-772-1,457-1,384-1,764-1,418-4,326-1,753-699-704-759-704
Interest paid fin-39-20-22-20-26-25-46-35-22-13-10-7
Dividends paid-24-14-16-16-17-17-22-91-64-121-174-513
Financial liabilities00000000000-1
Net Cash Flow2-77346-91-257421-129-308619-13

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Ratios

Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
ROCE %15%32%23%20%18%19%17%15%20%22%22%19%
Debtor Days666561625863584340414050
Inventory Turnover4.974.554.244.064.183.834.623.924.044.414.053.54

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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.