Balkrishna Industries Ltd.
Snapshot View

2105.00 +3.10 ▲0.2%

20 May 2022, 04:01:00 PM
Volume: 5,649

Overview View Details

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:

  • Agricultural tires
  • Industrial tires
  • OTR tires

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

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

Balance Sheet View Details

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

Profit Loss View Details

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

Cash Flow View Details

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

Shareholding Pattern View Details

9 Qtrs 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%) 2021-09 (%) 2021-12 (%) 2022-03 (%)
Promoter 58.30 58.30 58.30 58.30 58.30 58.30 58.30 58.29 58.29
Public 41.70 41.70 41.70 41.70 41.70 41.70 41.70 41.71 41.71
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

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

Technical Scans View Details

Fri, 20 May 2022
Closing Above Previous High Closing Above Previous High
High Increase 2 Years High Increase 2 Years
High Increase 5 Years High Increase 5 Years
20 SMA Crossing 50 SMA From Above 20 SMA Crossing 50 SMA From Above
5 SMA Crossing 20 SMA From Below 5 SMA Crossing 20 SMA From Below

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