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Fincash » Search » Balkrishna Industries Ltd

Balkrishna Industries Ltd

Updated on January 18, 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,...Read more

Below is the details of BALKRISIND Balkrishna Industries Ltd

Market Cap₹17,906 Cr.
Current Price ₹913.3 as on 10 Dec 19
52 Week High / Low Price₹1,024 / ₹682
Face Value₹2
Stock P/E22.48
Book Value₹259.54
Dividend Yield0.86 %
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 ₹62,070.1 24.73 ₹26,880.35 Cr. 0.09 ₹228.96 Cr. -17.73 1.54 4007.63 13.68
2. Balkrishna Inds ₹16.45 22.48 ₹17,906 Cr. 0.86 ₹291 Cr. 30.90 -19.18 1071.19 21.64
3. Apollo Tyres ₹66.95 15.13 ₹9,613.3 Cr. 1.93 ₹83.07 Cr. -52.71 -6.38 3985.80 8.74
4. CEAT ₹974.4 13.71 ₹3,809.79 Cr. 1.27 ₹43.98 Cr. -30.99 -4.55 1691.55 13.38
5. Goodyear India ₹67.05 19.84 ₹2,234.33 Cr. 1.34 ₹37.79 Cr. 31.49 -7.20 454.08 19.31
6. JK Tyre & Indust ₹72.45 6.00 ₹1,728.54 Cr. 2.14 ₹170.1 Cr. 160.20 -13.59 2154.95 10.52
7. TVS Srichakra ₹1,635.7 15.72 ₹1,350.88 Cr. 2.27 ₹19.59 Cr. -31.00 -13.69 557.24 18.11
8. Modi Rubber ₹15.5 23.85 ₹93.27 Cr. 0.00 ₹14.11 Cr. 727.11 -17.89 1.01 1.60

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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

Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019
Sales8961,0011,0121,1141,1061,2321,3621,3251,2061,3511,1931,071
YOY Sales Growth %28.31%15.03%7.43%17.86%23.41%23.02%34.62%18.94%8.97%9.68%-12.4%-19.18%
Expenses6187467968108169361,0059939051,031926804
Material Cost %39.98%47.13%51.7%49.19%45.63%46.57%46.85%46.18%45.86%48.82%48.18%43.67%
Employee Cost %6.27%5.95%5.8%5.35%5.56%5.6%5%5.14%5.64%4.4%5.83%6.54%
Operating Profit278255216305290296358333301320268267
OPM %31%26%21%27%26%24%26%25%25%24%22%25%
Other Income63629282788482911407281
Interest555323322222
Depreciation797576788078848383828491
Profit before tax257237228307286298352338216276254256
Tax %28%42%33%34%34%35%35%34%33%33%31%-14%
Net Profit186138153203190194230222145185176291
EPS in Rs9.617.143.9610.509.8010.0211.9111.507.489.569.1015.05
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
Sales9781,2191,3511,9342,8193,1893,5753,7763,2203,7284,4475,2444,821
Sales Growth %13.1%24.65%10.84%43.11%45.8%13.11%12.11%5.62%-14.73%15.78%19.3%17.93%%
Expenses7751,0551,0171,6552,3132,5252,6813,0402,3812,5963,3403,9323,665
Material Cost %56.57%58.53%50.74%63.4%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 %2.48%2.52%2.7%2.82%2.57%3.37%3.88%5.15%6.39%6.02%5.59%5.03%%
Other Cost %11.18%15.11%10.53%9.48%8.82%9.31%12.83%11.61%12.29%11.36%10.27%12.51%%
Operating Profit2031643342795066658947368381,1321,1081,3121,156
OPM %21%13%25%14%18%21%25%19%26%30%25%25%24%
Other Income313862913414279149250336214193
Interest2738192128262547402114118
Depreciation4457667483108165240282304311333341
Profit before tax1631083112753985357187286651,0561,1181,1831,002
Tax %35%35%33%33%33%34%32%33%34%32%34%34%
Net Profit10670209186269356488489439716739782796
EPS in Rs5.283.5310.679.4913.7718.2825.1025.0521.8936.4638.2440.4641.19
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:: -4.07%

Compounded Profit Growth

  • 10 Years:: 26.48%
  • 5 Years:: 8.64%
  • 3 Years:: 20.60%
  • TTM:: -4.70%

Return on Equity

  • 10 Years:: 36.30%
  • 5 Years:: 23.70%
  • 3 Years:: 15.89%
  • 1 Year:: -3.56%

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 Capital19191919191919191919393939
Reserves3924486418121,0611,4001,8652,2722,7623,5324,0574,6404,979
Borrowings5354734646071,6732,0742,3502,3581,8801,361835830671
Other Liabilities326333448661364498643670748851925938805
Trade Payables86.5860.7683.83114.5200.41241410.42414.96336.72409.22445.21409.44326.59
Total Liabilities1,2721,2741,5732,0993,1183,9924,8775,3195,4105,7645,8566,4466,493
Fixed Assets4245356156878281,2782,3292,4152,8582,8492,8492,7863,073
Gross Block572.07738.79871.471008.951226.661784.223001.43321.253142.193438.043748.14016.69
Accumulated Depreciation147.6204.24256.59321.51398.51506.51671.95906.49283.97589.45899.061230.6
CWIP127755944450946476634231110118585506
Investments3432813232334274458661,3501,1031,0831,155
Other Assets6866328191,3361,8071,7361,6451,8261,4541,4561,7851,9921,759
Inventories186.48122.26203.05410.38481.07432.55529.08392.01387.71459.69594.19713641.41
Trade receivables195.03219.08240.3324.24479.61504.49618.47603.29380.34412.19501.93568.12509.29
Cash Equivalents8.6911.144.2310.99357.4266.319.8431.13302.8413.724.5855.6145.53
Loans n Advances295.67279.68371.04127.67221.88253.21277.57259.41225.7372.92390.84351.4617.68
Other Assets etc000462.36267.36279.17210.25139.97157.74197.22273.84303.34545.53
Total Assets1,2721,2741,5732,0993,1183,9924,8775,3195,4105,7645,8566,4466,493

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 Activity3828419659745505949791,095842753813
Profit from operations224.52243.05378.72363.05508.67662.01921.341013.351072.821271.041359.271438.4
Working Capital Changes-129.1272.38-81.12-216.88-282.0831.31-149.34178.69259.27-113.32-215.14-211.83
Taxes paid-57.27-31.53-101.14-86.73-152.98-143.2-178.25-213.12-236.91-315.91-390.82-413.88
Cash from Investing Activity-165-124-181-158-677-959-1,241-428-569-534-92-621
Fixed Assets Purchased-163.74-125.03-134.44-216.37-676.11-962.6-858.69-366.89-242.29-184.88-419.88-725.02
Fixed Assets Sold0.290.330.880.171.042.060.610.713.6623.598.945.29
Investments purchased-34.53-10.25-288.67-778.19-212.16-490.17-1810.71-1080.43-3650.86-2542.33-1182.41-1157.04
Investments sold2.6610.45240.17826.68212.35489.491417.111003.533306.42137.861487.321244.72
Cash from Financing Activity131-158-23105950318390-130-656-616-655-173
Proceeds from Borrowings231.49415.66782.171600.282369.862124.921850.234264.691223.66168.63183.34770.75
Repayment of Borrowings-75.67-511.12-771.83-1456.95-1384.3-1763.87-1417.78-4325.51-1753.44-698.52-704.18-759.01
Interest Paid-24.89-38.59-19.6-22.24-20.12-26.05-25.08-46.49-34.6-21.88-13.21-10.11
Dividends Paid0.33-23.62-13.54-15.8-15.74-16.88-17-22.49-91.33-64.44-121.24-174.49
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.