Balkrishna Industries Ltd.

NSE: BALKRISIND BSE: 502355 SECTOR: Tyres & Allied  104k   1k   237

2180.00
-36.45 (-1.64%)
NSE: Today, 12:14 PM

Price Summary

Today's High

₹ 2225

Today's Low

₹ 2175.95

52 Week High

₹ 2723.8

52 Week Low

₹ 1690.55

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyExcellent
The company knows very well the utilization of its assets.
FinancialsVery Stable
The company possesses stable growth history and manageable debt.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

42143.15 Cr.

Enterprise Value

42979.92 Cr.

No. of Shares

19.33 Cr.

P/E

30.12

P/B

5.82

Face Value

₹ 2

Div. Yield

1.27 %

Book Value (TTM)

₹  374.74

CASH

57.12 Cr.

DEBT

893.89 Cr.

Promoter Holding

58.29 %

EPS (TTM)

₹  72.38

Sales Growth

20.4%

ROE

20.94 %

ROCE

24.1%

Profit Growth

22.27 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Brands

These are the brands of Balkrishna Industries Ltd.

Diabend OXIZEN PROBETES Aziwin Glyin Secremet and Secretag PROLIFE Telong Aclotil

Index Presence

The company is present in 30 Indices.

Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

Track the companies of Group.

Ratios

Sales Growth

1 Year43.57%
3 Year16.38%
5 Year17.27%

Profit Growth

1 Year22.1%
3 Year21.73%
5 Year14.54%

ROE%

1 Year21.82%
3 Year20.74%
5 Year19.88%

ROCE %

1 Year24.13%
3 Year22.7%
5 Year22.8%

Debt/Equity

0.3527

Price to Cash Flow

30.92

Interest Cover Ratio

151.097058823529

CFO/PAT (5 Yr. Avg.)

1.13777814668022

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Jun 2022 58.29 0
Mar 2022 58.29 0
Dec 2021 58.29 0
Sep 2021 58.3 0
Jun 2021 58.3 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 16.0498287971778% for the Past 3 years.
  • The company has shown a good revenue growth of 16.3792477111241% for the Past 3 years.
  • Company has been maintaining healthy ROE of 20.7425316070793% over the past 3 years.
  • Company has been maintaining healthy ROCE of 22.6961660140378% over the past 3 years.
  • Company has a healthy Interest coverage ratio of 151.097058823529.
  • The Company has been maintaining an effective average operating margins of 26.8944317585208% in the last 5 years.
  • The company has an efficient Cash Conversion Cycle of 12.1231793928083 days.
  • The company has a good cash flow management; CFO/PAT stands at 1.13777814668022.
  • The company has a high promoter holding of 58.29%.

 Limitations

  • The company has shown a poor revenue growth of 8.99093652961704% for the Past 3 years.

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
Net Sales 1813.07 2049.82 2029.95 2373.87 2646.28
Total Expenditure 1300.4 1529.92 1586.53 1874.36 2190.82
Operating Profit 512.67 519.9 443.42 499.51 455.46
Other Income 78.21 133.07 111.6 107.72 102.32
Interest 2.12 1.81 1.79 2.14 2.74
Depreciation 104.1 108.47 114.51 116.69 126.2
Exceptional Items 0 0 0 0 0
Profit Before Tax 484.66 542.69 438.72 488.4 428.84
Tax 153.46 165.47 110.14 114.71 109.1
Profit After Tax 331.2 377.22 328.58 373.69 319.74
Adjusted EPS (Rs) 17.13 19.51 17 19.33 16.54

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Net Sales 4447.28 5244.5 4782.49 5757.92 8266.71
Total Expenditure 3339.64 3932.05 3648.46 3972.03 6291.01
Operating Profit 1107.64 1312.45 1134.03 1785.89 1975.7
Other Income 336.21 214.21 365.98 161.45 430.6
Interest 14.02 11.1 9.16 10.2 8.06
Depreciation 311.34 332.55 368.01 406.15 443.77
Exceptional Items 0 0 0 0 0
Profit Before Tax 1118.49 1183.01 1122.84 1530.99 1954.47
Tax 379.24 401.01 177.86 375.61 543.78
Net Profit 739.25 782 944.98 1155.38 1410.69
Adjusted EPS (Rs.) 38.24 40.46 48.89 59.77 72.98

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 38.66 38.66 38.66 38.66 38.66
Total Reserves 4056.57 4640.05 4989.44 5968.55 6885.89
Borrowings 2.5 2.23 1.79 1.25 500.79
Other N/C liabilities 358.52 366.58 236.28 260.98 306.14
Current liabilities 1388.44 1382.25 1465.07 1770.72 3125.61
Total Liabilities 5844.69 6429.77 6731.24 8040.16 10857.09
Assets
Net Block 2770.84 2708.94 3277.07 3334.18 3986.1
Capital WIP 118.28 585.42 585.56 855.52 1258.4
Intangible WIP 0 0 0 0 0
Investments 698.25 396.75 711.97 1026.21 1212.74
Loans & Advances 272.84 300.93 277.2 430.79 530.73
Other N/C Assets 1 2.41 2.42 4.89 66.23
Current Assets 1983.48 2435.32 1877.02 2388.57 3802.89
Total Assets 5844.69 6429.77 6731.24 8040.16 10857.09
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Profit from operations 1118.49 1183.01 1122.84 1530.99 1954.47
Adjustment 240.78 255.39 278.75 258.17 208.66
Changes in Assets & Liabilities -215.14 -211.83 57.2 -77.35 -824.62
Tax Paid -385.76 -406.8 -286.03 -348.78 -457.24
Operating Cash Flow 753.31 812.69 1163.92 1363.03 881.27
Investing Cash Flow -91.9 -621.29 -655.89 -1157.99 -1888.66
Financing Cash Flow -655.29 -172.86 -520.94 -194.21 1002.77
Net Cash Flow 6.12 18.54 -12.91 10.83 -4.62

Corporate Actions

Investors Details

PARTICULARS Jun 2021% Sep 2021% Dec 2021% Mar 2022% Jun 2022%
Promoters 58.30 58.30 58.29 58.29 58.29
rajiv a poddar 27.71 27.71 - - -
rajiv poddar - - 27.71 27.71 27.71
vkp enterprises llp 24.95 24.95 24.95 24.95 24.95
khushboo rajiv pod... 3.93 3.93 3.93 3.93 3.93
rishabh sureshkuma... 1.44 1.44 1.44 1.44 1.44
rishabh s poddar - - - - -
shyamlata s poddar - - - - -
tmp enterpries llp 0.26 0.26 0.26 0.26 0.26
PARTICULARS Jun 2021% Sep 2021% Dec 2021% Mar 2022% Jun 2022%
Investors 41.70 41.70 41.71 41.71 41.71
hdfc trustee co lt... 4.10 - - - -
hdfc trustee compa... - - - - -
hdfc small cap fund - - - - -
qualified institut... 4.18 - - - -
life insurance cor... 1.77 2.44 3.54 3.87 3.87
hdfc trustee co lt... - 3.56 - - -
hdfc mutual fund -... - - 3.13 - -
hdfc trustee compa... - - - 3.12 2.70
mirae asset equity... - - - - -
kotak equity oppor... - 2.34 2.32 2.31 -
kotak emerging equ... - - - - -
kotak esg opportun... 2.41 - - - -
mirae asset large ... 1.02 - 1.29 1.57 -
kotak mahindra tru... - - - - 2.26
mirae asset tax sa... - - - - -
government pension... 1.86 1.86 1.88 1.88 1.89
dsp quant fund - - - - -
dsp equity & bond ... 1.89 - - 1.05 1.11
dsp arbitrage fund - 1.29 - - -
hdfc life insuranc... 1.60 1.50 1.51 1.51 1.40
mirae asset nifty ... - - - - 1.31
alternative invest... - - - 0.14 -
axis mutual fund t... - - - - -
franklin india equ... - - - - -
iepf 0.26 0.26 0.25 0.24 0.24

Annual Reports

Ratings & Research Reports

Company Presentations

  • PresentationQ3FY21 9 Nov 2020
  • PresentationQ2FY21 9 Nov 2020
  • PresentationQ1FY20 9 Jan 2020
  • PresentationQ1FY22 9 Aug 2021
  • PresentationQ2FY22 22 Nov 2021
  • PresentationQ4FY20 21 Jun 2020
  • PresentationQ3FY22 17 Feb 2022
  • PresentationQ4FY21 15 May 2021
  • PresentationQ1FY21 14 Aug 2020

Company News

Balkrishna Industries reports 7% fall in Q1 consolidated net profit5 Aug 2022, 11:15AM Balkrishna Inds. - Quaterly Results4 Aug 2022, 5:15PM Balkrishna Inds. - Quaterly Results4 Aug 2022, 5:15PM Balkrishna Inds. - Quaterly Results4 Aug 2022, 5:15PM Balkrishna Industries informs about closure of trading window1 Jul 2022, 1:03PM Balkrishna Industries informs about earnings call transcript18 May 2022, 4:11PM Balkrishna Inds. - Quaterly Results13 May 2022, 6:06PM Balkrishna Inds. - Quaterly Results13 May 2022, 6:06PM Balkrishna Inds. - Quaterly Results13 May 2022, 6:06PM Balkrishna Industries informs about compliance certificate 27 Apr 2022, 2:40PM Balkrishna Industries starts commercial production at Bhuj plant4 Mar 2022, 4:50PM Balkrishna Inds. - Quaterly Results14 Feb 2022, 5:29PM Balkrishna Inds. - Quaterly Results14 Feb 2022, 5:29PM Balkrishna Inds. - Quaterly Results14 Feb 2022, 5:29PM Balkrishna Industries informs about notice of postal ballot23 Nov 2021, 12:27PM Balkrishna Industries raises Rs 500 crore via NCDs 28 Oct 2021, 12:45PM Balkrishna Industries gets nod to raise Rs 1,000 crore via long-term finance27 Sep 2021, 10:13AM Balkrishna Industries informs about outcome of board meeting25 Sep 2021, 12:22PM Balkrishna Industries commences trial production at Green Field Project in Aurangabad17 Sep 2021, 11:05AM Balkrishna Industries informs about details of loss of share certificate25 Aug 2021, 5:02PM Balkrishna Industries informs about press release18 Aug 2021, 9:33AM Balkrishna Industries informs about newspaper advertisement21 May 2021, 3:20PM Balkrishna Industries informs about conference call with investors10 May 2021, 2:30PM Balkrishna Industries informs about compliance certificate16 Apr 2021, 12:20PM Balkrishna Industries informs about investors meet15 Mar 2021, 12:08PM Balkrishna Industries develops prototype for biggest tyre for rigid dump truck4 Nov 2020, 9:31AM Balkrishna Industries extends partnership with BBL5 Oct 2020, 5:55PM Balkrishna Industries looking for new markets to import chemical, raw material13 Jul 2020, 12:20PM Balkrishna Industries partially resumes manufacturing operations27 Apr 2020, 2:08PM

Balkrishna Inds. Stock Price Analysis and Quick Research Report. Is Balkrishna Inds. an attractive stock to invest in?

 

Stock investing requires careful analysis of financial data to find out the company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement. This can be time-consuming and cumbersome. An easier way to find out about a company's performance is to look at its financial ratios, which can help to make sense of the overwhelming amount of information that can be found in a company's financial statements.

Here are the few indispensable tools that should be a part of every investor’s research process.

  • PE ratio: - Price to Earnings' ratio, which indicates for every rupee of earnings how much an investor is willing to pay for a share. A general rule of thumb is that shares trading at a low P/E are undervalued (it depends on other factors too). Balkrishna Inds. has a PE ratio of 30.4690522243714 which is high and comparatively overvalued .

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. Balkrishna Inds. has ROA of 15.6434731982073 % which is a good sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. Balkrishna Inds. has a Current ratio of 1.35052408059998 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. Balkrishna Inds. has a ROE of 20.9396926774146 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. Balkrishna Inds. has a D/E ratio of 0.1488 which means that the company has low proportion of debt in its capital.

  • Inventory turnover ratio: - Inventory Turnover ratio is an activity ratio and is a tool to evaluate the liquidity of a company's inventory. It measures how many times a company has sold and replaced its inventory during a certain period of time. Balkrishna Inds. has an Inventory turnover ratio of 7.73072327170688 which shows that the management is inefficient in relation to its Inventory and working capital management.

  • Sales growth: - Balkrishna Inds. has reported revenue growth of 20.3958607336346 % which is fair in relation to its growth and performance.

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of Balkrishna Inds. for the current financial year is 31.0162350293161 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for Balkrishna Inds. is Rs 17 and the yield is 1.2611 %.

Brief about Balkrishna Inds.

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