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Fincash » Search » Balkrishna Industries Ltd

Balkrishna Industries Ltd

Updated on November 9, 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,...Read more

Below is the details of BALKRISIND Balkrishna Industries Ltd

Market Cap₹14,392 Cr.
Current Price ₹862.95 as on 15 Nov 19
52 Week High / Low Price₹1,363.5 / ₹690
Face Value₹2
Stock P/E19.78
Book Value₹242.02
Dividend Yield1.07 %
ROCE21.64 %
ROE16.85 %
Sales Growth (3yrs)17.66 %
SectorTyres
IndustryTyres
Listed onBSE  AND  NSE
Company WebsiteCompany Website
Pros: 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 ₹63,950.5 24.98 ₹24,842.18 Cr. 0.10 ₹273.27 Cr. 2.13 15.14 4470.82 13.68
2. Balkrishna Inds ₹29.7 19.78 ₹14,391.5 Cr. 1.07 ₹176 Cr. -23.56 -12.40 1193.48 21.64
3. Balkrishna Inds ₹29.7 19.13 ₹14,391.5 Cr. 1.07 ₹176.84 Cr. -21.45 -11.03 1198.93 22.08
4. Apollo Tyres ₹71.1 13.46 ₹9,796.36 Cr. 1.90 ₹141.6 Cr. -43.77 0.74 4331.33 8.74
5. CEAT ₹958.7 12.32 ₹3,670.04 Cr. 1.32 ₹82.6 Cr. 13.10 1.75 1752.10 13.38
6. Goodyear India ₹69.35 20.24 ₹2,095.56 Cr. 1.43 ₹26.25 Cr. 5.93 -8.30 490.28 19.31
7. JK Tyre & Indust ₹70.6 8.77 ₹1,437.99 Cr. 2.57 ₹16.91 Cr. -82.15 5.57 2575.39 10.52
8. TVS Srichakra ₹1,738 13.36 ₹1,375.08 Cr. 2.23 ₹25.77 Cr. -24.18 2.00 605.59 18.11

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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 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019
Sales9468961,0011,0121,1141,1061,2321,3621,3251,2061,3511,193
YOY Sales Growth %16.91%28.31%15.03%7.43%17.86%23.41%23.02%34.62%18.94%8.97%9.68%-12.4%
Expenses6386187467968108169361,0059939051,031926
Material Cost %38.77%39.98%47.13%51.7%49.19%45.63%46.57%46.85%46.18%45.86%48.82%48.18%
Employee Cost %5.71%6.27%5.95%5.8%5.35%5.56%5.6%5%5.14%5.64%4.4%5.83%
Operating Profit307278255216305290296358333301320268
OPM %33%31%26%21%27%26%24%26%25%25%24%22%
Other Income104636292827884829114072
Interest555532332222
Depreciation727975767880788483838284
Profit before tax334257237228307286298352338216276254
Tax %27%28%42%33%34%34%35%35%34%33%33%31%
Net Profit243186138153203190194230222145185176
EPS in Rs12.569.617.143.9610.509.8010.0211.9111.507.489.569.10
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
Sales9781,2191,3511,9342,8193,1893,5753,7763,2203,7284,4475,2445,076
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%%
Expenses7751,0551,0171,6552,3132,5252,6813,0402,3812,5963,3403,9323,854
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 Profit2031643342795066658947368381,1321,1081,3121,221
OPM %21%13%25%14%18%21%25%19%26%30%25%25%24%
Other Income313862913414279149250336214204
Interest2738192128262547402114118
Depreciation4457667483108165240282304311333333
Profit before tax1631083112753985357187286651,0561,1181,1831,084
Tax %35%35%33%33%33%34%32%33%34%32%34%34%
Net Profit10670209186269356488489439716739782728
EPS in Rs5.373.5910.859.6413.9918.5725.4925.0521.8936.4638.2440.4637.64
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:: 5.41%

Compounded Profit Growth

  • 10 Years:: 26.48%
  • 5 Years:: 8.64%
  • 3 Years:: 20.60%
  • TTM:: -10.85%

Return on Equity

  • 10 Years:: 21.26%
  • 5 Years:: 18.70%
  • 3 Years:: 18.30%
  • Last Year:: 16.85%

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 2019
Share Capital191919191919191919193939
Equity Capital19.3319.3319.3319.3319.3319.3319.3319.3319.3319.3338.6638.66
Reserves3924486418121,0611,4001,8652,2722,7623,5324,0574,640
Borrowings5354734646071,6732,0742,3502,3581,8801,361835830
Other Liabilities326333448661364498643670748851925938
Trade Payables86.5860.7683.83114.5200.41241410.42414.96336.72409.22445.21409.44
Total Liabilities1,2721,2741,5732,0993,1183,9924,8775,3195,4105,7645,8566,446
Fixed Assets4245356156878281,2782,3292,4152,8582,8492,8492,786
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
CWIP127755944450946476634231110118585
Investments3432813232334274458661,3501,1031,083
Other Assets6866328191,3361,8071,7361,6451,8261,4541,4561,7851,992
Inventories186.48122.26203.05410.38481.07432.55529.08392.01387.71459.69594.19713
Trade receivables195.03219.08240.3324.24479.61504.49618.47603.29380.34412.19501.93568.12
Cash Equivalents8.6911.144.2310.99357.4266.319.8431.13302.8413.724.5855.61
Loans n Advances295.67279.68371.04127.67221.88253.21277.57259.41225.7372.92390.84351.46
Other Assets etc000462.36267.36279.17210.25139.97157.74197.22273.84303.34
Total Assets1,2721,2741,5732,0993,1183,9924,8775,3195,4105,7645,8566,446

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.