| Sector |
Automobile & Ancillaries
|
Compare with Sector peers |
| Industry |
Tyres & Allied
|
Compare with Industry peers |
| Website | http://www.bkt-tires.com | |
| Market Cap | 40,862.42 Cr. | |
| Enterprise Value(EV) | 43,170.06 Cr. | 2022-03 |
| Financial Indicators | ||
|---|---|---|
| Earnings per share (EPS) | 74.25 | Trailing Twelve Months Ending 2022-03 |
| Price-Earning Ratio (PE) | 28.35 | Trailing Twelve Months Ending 2022-03 |
| Industry PE | 36.40 | Trailing Twelve Months Ending 2022-03 |
| Book Value / Share | 358.63 | Trailing Twelve Months Ending 2022-03 |
| Price to Book Value | 5.87 | Calculated using Price: 2,105.00 |
| Dividend Yield | 1.32 | Period Ending 2021-03 |
| No. of Shares Subscribed | 19.33 Cr. | 193,317,190 Shares |
| FaceValue | 2 | |
| Company Profile | ||
|
While the group foundation dates back to the 1950s, Balkrishna Industries (BKT) started its Off-Highway tire business in 1987. For many years, the company has successfully focused on specialist segments such as agricultural, construction and industrial as well as earthmoving, port and mining, ATV, and gardening applications. Talent for innovation has been the company’s strength ever since as a result of consistent and continuous investment into Research and Development (R&D) as well as into tire technology, tire machinery and tire manufacturing processes. Its independent R&D Center in Bhuj ensures research into innovative product design and development as well as sustainable materials. This includes ‘the tire of the future’ project as well as new compounding methods by using rubber obtained from the Russian Dandelion TKS as a renewable alternative to natural rubber. In addition, it produces in-house its own tire molds and carbon black pigments. This provides company with major autonomy and ensures enhanced quality control throughout the entire supply chain. Business area of the company The company is primarily engaged into Specialty ‘Off Highway Tire segment’ which is consisting of Agriculture, Industrial, Construction, Earthmoving, Mining, Port, Lawn and Garden and All-Terrain Vehicle (ATVs) Tires, etc. This segment is highly technical & capital intensive and known as ‘large varieties low volume segment’ where any credible player needs to maintain large number of Stock Keeping Units (SKUs) to meet the diverse requirement of its customers worldwide. While the sub segment (agriculture) is largely known as non-cyclical in nature, the other sub segment (industrial, construction and mining) is generally considered as cyclical and the performance of it is largely linked to overall economic outlook of the world. The market for company’s products is mainly Europe, America, Australasia and India. Products:
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Company Profile
While the group foundation dates back to the 1950s, Balkrishna Industries (BKT) started its Off-Highway tire business in 1987. For many years, the company has successfully focused on specialist segments such as agricultural, construction and industrial as well as earthmoving, port and mining, ATV, and gardening applications.
Talent for innovation has been the company’s strength ever since as a result of consistent and continuous investment into Research and Development (R&D) as well as into tire technology, tire machinery and tire manufacturing processes. Its independent R&D Center in Bhuj ensures research into innovative product design and development as well as sustainable materials. This includes ‘the tire of the future’ project as well as new compounding methods by using rubber obtained from the Russian Dandelion TKS as a renewable alternative to natural rubber. In addition, it produces in-house its own tire molds and carbon black pigments. This provides company with major autonomy and ensures enhanced quality control throughout the entire supply chain.
Business area of the company
The company is primarily engaged into Specialty ‘Off Highway Tire segment’ which is consisting of Agriculture, Industrial, Construction, Earthmoving, Mining, Port, Lawn and Garden and All-Terrain Vehicle (ATVs) Tires, etc. This segment is highly technical & capital intensive and known as ‘large varieties low volume segment’ where any credible player needs to maintain large number of Stock Keeping Units (SKUs) to meet the diverse requirement of its customers worldwide. While the sub segment (agriculture) is largely known as non-cyclical in nature, the other sub segment (industrial, construction and mining) is generally considered as cyclical and the performance of it is largely linked to overall economic outlook of the world. The market for company’s products is mainly Europe, America, Australasia and India.
Products:
| 1 Day |
|
+0.15% |
| 1 Week |
|
+11.50% |
| 1 Month |
|
+0.53% |
| 3 Month |
|
+6.48% |
| 6 Month |
|
-8.96% |
| 1 Year |
|
-3.31% |
| 2 Year |
|
+117.26% |
| 5 Year |
|
+180.39% |
| 10 Year |
|
+1492.53% |
| 9 years | 2013-03 | 2014-03 | 2015-03 | 2016-03 | 2017-03 | 2018-03 | 2019-03 | 2020-03 | 2021-03 | |
| Return on Equity (%) | 27.41 | 28.44 | 22.66 | 17.65 | 22.69 | 19.30 | 17.71 | 19.86 | 21.39 | |
| Return on Capital Employed (%) | 17.47 | 18.48 | 16.97 | 15.35 | 22.50 | 22.88 | 22.70 | 20.07 | 24.21 | |
| Return on Assets (%) | 9.51 | 10.35 | 9.14 | 8.32 | 12.82 | 12.61 | 12.52 | 14.45 | 15.73 |
| Particulars | 10 years | 2013-03 Rs. Cr. | 2014-03 Rs. Cr. | 2015-03 Rs. Cr. | 2016-03 Rs. Cr. | 2017-03 Rs. Cr. | 2018-03 Rs. Cr. | 2019-03 Rs. Cr. | 2020-03 Rs. Cr. | 2021-03 Rs. Cr. | 2022-03* Rs. Cr. |
| Shh. Funds | 1,443 | 1,895 | 2,276 | 2,775 | 3,543 | 4,083 | 4,654 | 5,008 | 6,000 | 6,933 | |
| Non Curr. Liab. | 1,771 | 1,886 | 1,549 | 1,098 | 599 | 361 | 370 | 240 | 265 | 810 | |
| Curr. Liab. | 937 | 1,241 | 1,493 | 1,526 | 1,647 | 1,434 | 1,455 | 1,558 | 1,902 | 3,236 | |
| Minority Int. | |||||||||||
| Equity & Liab. | 4,151 | 5,021 | 5,318 | 5,398 | 5,789 | 5,878 | 6,479 | 6,806 | 8,166 | 10,979 | |
| Non Curr. Assets | 2,639 | 3,543 | 3,247 | 3,833 | 4,043 | 3,862 | 4,008 | 4,885 | 5,685 | 7,085 | |
| Curr. Assets | 1,512 | 1,479 | 2,071 | 1,566 | 1,746 | 2,017 | 2,471 | 1,921 | 2,482 | 3,894 | |
| Misc. Exp. not W/O | |||||||||||
| Total Assets | 4,151 | 5,021 | 5,318 | 5,398 | 5,789 | 5,878 | 6,479 | 6,806 | 8,166 | 10,979 |
| Particulars | 10 years | 2013-03 Rs. Cr. | 2014-03 Rs. Cr. | 2015-03 Rs. Cr. | 2016-03 Rs. Cr. | 2017-03 Rs. Cr. | 2018-03 Rs. Cr. | 2019-03 Rs. Cr. | 2020-03 Rs. Cr. | 2021-03 Rs. Cr. | 2022-03 Rs. Cr. TTM |
| Net Sales | 3,394 | 3,772 | 3,817 | 3,239 | 3,723 | 4,444 | 5,210 | 4,811 | 5,783 | 8,295 | |
| Other Income | 5 | 14 | 277 | 174 | 254 | 340 | 218 | 368 | 172 | 438 | |
| Total Income | 3,398 | 3,786 | 4,094 | 3,413 | 3,977 | 4,784 | 5,428 | 5,179 | 5,955 | 8,733 | |
| Total Expenditure | -2,725 | -2,882 | -3,089 | -2,417 | -2,592 | -3,341 | -3,907 | -3,655 | -3,972 | -6,286 | |
| PBIDT | 674 | 904 | 1,005 | 996 | 1,385 | 1,442 | 1,522 | 1,524 | 1,983 | 2,447 | |
| Interest | -28 | -27 | -48 | -40 | -22 | -15 | -12 | -11 | -12 | -9 | |
| Depreciation | -112 | -170 | -244 | -282 | -304 | -311 | -333 | -374 | -416 | -455 | |
| Taxation | -184 | -232 | -241 | -229 | -342 | -380 | -403 | -180 | -377 | -547 | |
| Exceptional Items | |||||||||||
| PAT | 350 | 475 | 473 | 446 | 717 | 736 | 774 | 960 | 1,178 | 1,435 | |
| Minority Interest | |||||||||||
| Share Associate | |||||||||||
| Other Related Items | |||||||||||
| Consolidated Net Profit | 350 | 475 | 473 | 446 | 717 | 736 | 774 | 960 | 1,178 | 1,435 | |
| Adjusted EPS | 18 | 25 | 24 | 23 | 37 | 38 | 40 | 50 | 61 | 74 |
| Particulars | 10 years | 2012-03 Rs. Cr. | 2013-03 Rs. Cr. | 2014-03 Rs. Cr. | 2015-03 Rs. Cr. | 2016-03 Rs. Cr. | 2017-03 Rs. Cr. | 2018-03 Rs. Cr. | 2019-03 Rs. Cr. | 2020-03 Rs. Cr. | 2021-03 Rs. Cr. |
| Cash Fr. Operatn. | 76 | 549 | 602 | 984 | 1,072 | 847 | 750 | 820 | 1,173 | 1,339 | |
| Cash Fr. Inv. | -688 | -1,011 | -1,230 | -437 | -552 | -563 | -92 | -636 | -678 | -1,173 | |
| Cash Fr. Finan. | 970 | 370 | 365 | -130 | -625 | -589 | -654 | -165 | -495 | -158 | |
| Net Change | 357 | -92 | -263 | 417 | -105 | -306 | 4 | 20 | 1 | 8 | |
| Cash & Cash Eqvt | 370 | 278 | 15 | 434 | 328 | 23 | 26 | 46 | 47 | 55 |
|
Thu, 19 May 2022
Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate Intimation regarding loss of Share Certificates under Regulation 39 (3) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015 |
|
Wed, 18 May 2022
Announcement under Regulation 30 (LODR)-Earnings Call Transcript Transcript of Conference call with Investors/Analysts conducted on 14th May 2022 to discuss the Q4FY22 Results |
|
Sat, 14 May 2022
Audio Recording Of Conference Call With Investors/Analysts To Discuss The Q4FY22 Results. In continuation of our letter dated 10th May 2022 and pursuant to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 the audio recording of conference call with Investors/Analysts on Q4FY22 Results of the Company held on 14th May 2022 is available on the Companys website at https://www.bkt-tires.com/downloads/9550/8209/link.pdf |
| Fri, 20 May 2022 |
Closing Above Previous High
|
High Increase 2 Years
|
High Increase 5 Years
|
20 SMA Crossing 50 SMA From Above
|
5 SMA Crossing 20 SMA From Below
|
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