Balkrishna Industries Ltd
BALKRISINDBalkrishna Industries Ltd
BALKRISINDPrice Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
AvgThe stock is overpriced but is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
33.57 | 6.18 | 0.57% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
38.64 | 6.73 | 0.49% |
Forecast & Ratings
Detailed Forecast from 19 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Balkrishna Industries Limited is engaged in manufacturing a range of off-highway tires. These tires are mainly meant for agricultural, industrial and construction, earthmover and port, mining and all-terrain vehicles (ATV).
Peers
Compare with peersÂMRF Ltd
Apollo Tyres Ltd
CEAT Ltd
JK Tyre & Industries Ltd
Kesoram Industries Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
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Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
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Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 3,413.19 | 3,976.93 | 4,783.54 | 5,428.16 | 5,062.02 | 5,955.35 | 8,733.04 | 10,106.06 | 9,818.09 | 10,579.07 | ||||||||||
Raw Materials | 1,396.02 | 1,585.06 | 2,194.44 | 2,503.67 | 2,079.52 | 2,455.04 | 4,035.41 | 4,910.44 | 4,524.30 | 7,625.45 | ||||||||||
Power & Fuel Cost | 118.54 | 129.80 | 176.26 | 186.87 | 164.26 | 173.78 | 282.84 | 348.56 | 315.02 | |||||||||||
Employee Cost | 234.92 | 256.86 | 279.92 | 299.15 | 328.63 | 370.86 | 430.07 | 459.43 | 499.51 | |||||||||||
Selling & Administrative Expenses | 320.75 | 348.62 | 381.46 | 557.92 | 573.02 | 683.14 | 1,274.86 | 1,732.94 | 1,106.60 | |||||||||||
Operating & Other expenses | 346.54 | 271.99 | 309.19 | 358.94 | 392.67 | 289.55 | 262.99 | 600.77 | 667.49 | |||||||||||
EBITDA | 996.42 | 1,384.60 | 1,442.27 | 1,521.61 | 1,523.92 | 1,982.98 | 2,446.87 | 2,053.92 | 2,705.17 | 2,953.62 | ||||||||||
Depreciation/Amortization | 282.32 | 304.00 | 311.40 | 332.61 | 373.61 | 416.30 | 455.37 | 570.81 | 650.72 | 664.84 | ||||||||||
PBIT | 714.10 | 1,080.60 | 1,130.87 | 1,189.00 | 1,150.31 | 1,566.68 | 1,991.50 | 1,483.11 | 2,054.45 | 2,288.78 | ||||||||||
Interest & Other Items | 39.85 | 22.00 | 14.83 | 12.44 | 10.79 | 11.76 | 9.35 | 48.32 | 113.45 | 130.44 | ||||||||||
PBT | 674.25 | 1,058.60 | 1,116.04 | 1,176.56 | 1,139.52 | 1,554.92 | 1,982.15 | 1,434.79 | 1,941.00 | 2,158.34 | ||||||||||
Taxes & Other Items | 228.53 | 341.75 | 380.25 | 402.91 | 179.87 | 377.39 | 546.77 | 377.39 | 469.51 | 529.24 | ||||||||||
Net Income | 445.72 | 716.85 | 735.79 | 773.65 | 959.65 | 1,177.53 | 1,435.38 | 1,057.40 | 1,471.49 | 1,629.10 | ||||||||||
EPS | 23.06 | 37.08 | 38.06 | 40.02 | 49.64 | 60.91 | 74.25 | 54.70 | 76.12 | 84.27 | ||||||||||
DPS | 2.75 | 4.00 | 8.00 | 8.00 | 20.00 | 17.00 | 28.00 | 16.00 | 16.00 | 16.00 | ||||||||||
Payout ratio | 0.12 | 0.11 | 0.21 | 0.20 | 0.40 | 0.28 | 0.38 | 0.29 | 0.21 | 0.19 |
Company Updates
Annual report
PDFPeers & Comparison
Consumer DiscretionaryTires & Rubber
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Balkrishna Industries Ltd | 37.17 | 6.18 | 0.57% |
MRF Ltd | 24.32 | 3.03 | 0.17% |
Apollo Tyres Ltd | 18.11 | 2.24 | 1.22% |
CEAT Ltd | 18.04 | 2.86 | 1.05% |
Price Comparison
Compare BALKRISIND with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding Balkrishna Industries Ltd
Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
HDFC Mid-Cap Opportunities Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 4.0763% | Percentage of the fund’s portfolio invested in the stock 2.97% | Change in the portfolio weight of the stock over the last 3 months -0.05% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 7/79 (-1) |
Parag Parikh Flexi Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 2.1734% | Percentage of the fund’s portfolio invested in the stock 1.45% | Change in the portfolio weight of the stock over the last 3 months -0.38% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 18/91 (0) |
Motilal Oswal Midcap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.2971% | Percentage of the fund’s portfolio invested in the stock 3.54% | Change in the portfolio weight of the stock over the last 3 months -1.64% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 12/29 (-5) |
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Events
Dividend Trend
Dividend Yield
Current dividend yield is 0.57%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹5.66 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateOct 31, 2024
Dividend/Share
₹4.00
Ex DateEx Date
Oct 31, 2024
Cash Dividend
Ex DateEx DateAug 20, 2024
Dividend/Share
₹4.00
Ex DateEx Date
Aug 20, 2024
Cash Dividend
Ex DateEx DateJul 5, 2024
Dividend/Share
₹4.00
Ex DateEx Date
Jul 5, 2024
Cash Dividend
Ex DateEx DateFeb 2, 2024
Dividend/Share
₹4.00
Ex DateEx Date
Feb 2, 2024
Cash Dividend
Ex DateEx DateOct 31, 2023
Dividend/Share
₹4.00
Ex DateEx Date
Oct 31, 2023
Profit before tax stood at Rs 465.32 crore in second quarter of FY25, up 4.84% from Rs 465.32 crore reccorded in Q2 FY24. EBITDA grew 12.96% YoY to Rs 619 crore during the September 2024 quarter. EBITDA margin improved to 25.1% in Q2 FY25 as against 24.4% in same quarter previous fiscal. During Q1 FY25, total expenses increased 9.1% YoY to Rs 2,060.87 crore. Finance costs stood at 40.35 crore (up 76.35% YoY), cost of materials consumed was at Rs 1,129.31 crore (up 5.46% YoY) and employee benefits expense was at Rs 118.57 crore (up 6.39% YoY) during the period under review. The overall sales volume stood at 73,298 MT in Q2 of FY25, up 4% during the period under review. On consolidated basis, the company's net profit marginally declined to Rs 346.94 crore in Q2 FY25 as against Rs 347.44 crore posted in Q2 FY24. Revenue from operations gained 7.39% to Rs 2,419.74 crore in the September quarter as compared with Rs 5,571.57 crore posted in Q2 FY24. The company has informed about total achievable capacity of approximately 360,000 mt p.a. mould manufacturing capex completed. Meanwhile, the board has declared first interim dividend of Rs 4 per equity share for the financial year 2024-25. The record date for the said dividend will be 2 November 2024. The payment of the dividend shall be credited within 30 days from record date. 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).Powered by Capital Market - Live
Net profit of Balkrishna Industries declined 0.14% to Rs 346.94 crore in the quarter ended September 2024 as against Rs 347.44 crore during the previous quarter ended September 2023. Sales rose 7.39% to Rs 2419.74 crore in the quarter ended September 2024 as against Rs 2253.19 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales2419.742253.19 7 OPM %23.9623.64 - PBDT629.08615.95 2 PBT462.64455.52 2 NP346.94347.44 0 Powered by Capital Market - Live
Balkrishna Industries announced that the Board of Directors of the Company at its meeting held on 25 October 2024, has recommended a Second Interim dividend of Rs.4 per share (i.e.200%), subject to the approval of the shareholders.Powered by Capital Market - Live
Balkrishna Industries Ltd dropped for a fifth straight session today. The stock is quoting at Rs 2912.85, down 0.92% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 1.17% on the day, quoting at 24113.75. The Sensex is at 79287.83, down 0.97%.Balkrishna Industries Ltd has eased around 3.34% in last one month.Meanwhile, Nifty Auto index of which Balkrishna Industries Ltd is a constituent, has eased around 14.07% in last one month and is currently quoting at 24324.85, down 2.87% on the day. The volume in the stock stood at 1.14 lakh shares today, compared to the daily average of 2.39 lakh shares in last one month. The benchmark October futures contract for the stock is quoting at Rs 2895, down 1.17% on the day. Balkrishna Industries Ltd jumped 13.96% in last one year as compared to a 27.88% rally in NIFTY and a 48.1% spurt in the Nifty Auto index.The PE of the stock is 35.43 based on TTM earnings ending June 24.Powered by Capital Market - Live
Balkrishna Industries has fixed 02 November 2024 as record date for 2nd Interim Dividend for financial year 2024-25, if declared. Powered by Capital Market - Live
Balkrishna Industries will hold a meeting of the Board of Directors of the Company on 25 October 2024.Powered by Capital Market - Live
The key benchmark indices continued to trade with substantial gains in early afternoon trade. The Nifty traded above the 25,700 level and Sensex crossed 84,000 mark. Realty shares advanced for the second consecutive trading session. At 12:30 IST, the barometer index, the S&P BSE Sensex, climbed 937.75 points or 1.11% to 84,108. The Nifty 50 index advanced 285.35 points or 1.12% to 25,701.15. The Sensex and Nifty clocked an all-time high of 84,248.69 and 25,726.65, respectively in early afternoon trade. Further, the Nifty Bank also hit a life high of 53,639.65. In the broader market, the S&P BSE Mid-Cap index added 0.71% and the S&P BSE Small-Cap index advanced 1.07%. The market breadth was strong. On the BSE, 2,465 shares rose and 1,333 shares fell. A total of 145 shares were unchanged. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, gained 2.60% to 12.80. The Nifty 26 September 2024 futures were trading at 25,685, at a discount of 16.15 points as compared with the spot at 25,701.15 The Nifty option chain for the 26 September 2024 expiry showed maximum Call OI of 84.9 lakh contracts at the 27,000 strike price. Maximum Put OI of 127.3 lakh contracts were seen at 25,000 strike price. Buzzing Index: The Nifty Realty index rose 1.24% to 1,082.30. The index jumped 1.74% in two consecutive trading sessions. Macrotech Developers (up 3.99%), DLF (up 2.04%), Brigade Enterprises (up 1.51%), Sunteck Realty (up 1.1%), Sobha (up 1.1%) and Godrej Properties (up 0.07%) advanced. On the other hand, Phoenix Mills (down 1.04%), Oberoi Realty (down 0.14%) and Prestige Estates Projects (down 0.1%) edged lower. The Phoenix Mills (PML) declined 1.04%. The company has announced that its wholly owned subsidiary, Casper Realty, has been declared the highest bidder for two prime city-centric plots in Mohali, Punjab. Stocks in Spotlight: IDFC First Bank added 0.08%. The bank has announced that the Reserve Bank of India (RBI) has granted approval for the re-appointment of V. Vaidyanathan as the managing director and chief executive officer (MD & CEO) of the bank for three years. Balkrishna Industries rose 0.11%. The company said that it has completed the capex for 30,000 MTPA of high value of advanced carbon material and commissioned the plant.Powered by Capital Market - Live
In February 2021, the board of the company had approved a proposal to to enhance the installed capacity of carbon from achievable capacity 115,000 MTPA to 200,000 MTPA. The proposal also involved setting up 30,000 MTPA capacity of high value of advanced carbon material and an additional power plant capacity of 20 MW. The estimated capex cost of the project was Rs 650 crore. The project was undertaken taking into consideration the overall demand / supply outlook as well as internal demand of carbon black. 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). The company had reported standalone net profit of Rs 477.29 crore in Q1 FY25, registering a growth of 52.84% as against Rs 312.28 crore posted in Q1 FY24. Revenue from operations jumped 26.86% to Rs 2,689.53 crore in the quarter ended June 2024 as compared with Rs 2,120.02 crore posted in the same period last year. The scrip rose 0.16% to currently trade at Rs 3092.35 on the BSE. Powered by Capital Market - Live
Balkrishna Industries Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 2976, up 0.62% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.89% on the day, quoting at 24920.2. The Sensex is at 81387.58, down 0.99%. Balkrishna Industries Ltd has dropped around 7.28% in last one month. Meanwhile, Nifty Auto index of which Balkrishna Industries Ltd is a constituent, has dropped around 2.63% in last one month and is currently quoting at 25835.3, down 0.94% on the day. The volume in the stock stood at 1.93 lakh shares today, compared to the daily average of 3.39 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 2974.05, up 0.34% on the day. Balkrishna Industries Ltd is up 23.99% in last one year as compared to a 26.33% spurt in NIFTY and a 60% spurt in the Nifty Auto index.The PE of the stock is 35.65 based on TTM earnings ending June 24.Powered by Capital Market - Live
Net profit of Balkrishna Industries rose 47.64% to Rs 489.99 crore in the quarter ended June 2024 as against Rs 331.88 crore during the previous quarter ended June 2023. Sales rose 25.71% to Rs 2714.50 crore in the quarter ended June 2024 as against Rs 2159.35 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales2714.502159.35 26 OPM %24.4523.20 - PBDT803.32584.99 37 PBT639.92429.70 49 NP489.99331.88 48 Powered by Capital Market - Live
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 12.58%, vs industry avg of 8.67%
Increasing Market Share
Over the last 5 years, market share increased from 8.26% to 9.82%
Lower than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 13.72%, vs industry avg of 18.19%