Balkrishna Industries Ltd.

•

bkt-tires.comBSE: 502355NSE: BALKRISIND

Market Cap₹ 42,684 Cr.

Current Price

High / Low₹ 2,775 / 1,970

Stock P/E30.4

Book Value₹ 590

Price to Book3.67

Dividend Yield0.72 %

ROCE12.4 %

ROE11.6 %

Face Value₹ 2

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ABOUT

KEY POINTS

Revenue Breakup Mar 2011 • Tyres: 90.3% • Others: 9.7%

AI Sector View

AI GENERATED

Automobile and Auto Components

Buy

Domestic auto demand remains strong across categories, with total vehicles registered up 27% YoY (2026-07), passenger vehicle sales up 14% YoY (2026-06), 2-wheelers up 23% YoY (2026-06), and tractor sales up 18% YoY (2026-07). Core demand is reinforced by vehicle sales of 395199 units (Jul/26) and car registrations of 457810 units (Jul/26), outweighing FPI outflows of INR -11826 crore over 3 months to 2026-08-31. The stance stays positive because fundamentals are stronger than positioning.

Confidence

74%

View full sector analysis →

PROS

Company has consistently been profitable over the last 5 years
Latest quarter profit grew 56.4% YoY, showing strong momentum
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.39x)
Working capital cycle has improved - days down from 47 to 2
Company has a consistent dividend-paying track record
Company comfortably covers its interest (13.3x coverage)

CONS

Company has delivered a poor profit growth of 1.1% over past five years
Expensive relative to growth - PEG of 5.5

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Automobile and Auto ComponentsAutomobile & AncillariesTyres & Allied

Part ofNIFTYLARGEMIDCAP250 NIFTYMIDCAP150 NIFTY MIDCAP 150 NIFTY TOTAL MKT NIFTY 500

S.No.	Name
1.	MRF	128476.05	22.56	54488.53	0.18	495.35	-1.02	8415.50	9.64	16.04	11.77
2.	BALKRISIND	2208.00	30.37	42684.44	0.72	450.77	56.35	3455.27	25.19	12.38	21.54
3.	APOLLOTYRE	421.95	15.69	26798.08	1.42	348.87	2609.05	7397.79	12.76	9.22	11.73
4.	CEATLTD	3294.00	22.60	13324.26	1.06	4.00	-96.44	4318.00	22.34	18.60	8.57
5.	JKTYRE	356.50	15.78	10277.52	1.12	44.09	-73.01	3946.24	2.00	14.30	6.58
6.	TVSSRICHAK	5174.45	42.89	3962.10	0.73	34.02	165.16	1067.61	30.29	4.80	7.57
7.	GOODYEAR	729.20	31.21	1682.01	3.63	6.51	-53.86	774.35	18.00	14.67	1.30
8.	TOLINS	91.03	11.04	359.65	0.00	6.19	-33.46	79.27	-11.67	21.30	11.24

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	2,159	2,253	2,274	2,682	2,714	2,420	2,560	2,752	2,760	2,393	2,737	2,933	3,455
	1,658	1,720	1,734	2,001	2,051	1,840	1,960	2,139	2,254	1,882	2,094	2,293	2,954
Operating Profit	501	533	541	681	664	580	601	614	506	511	643	640	501
OPM %	23.20%	23.64%	23.77%	25.40%	24.45%	23.96%	23.46%	22.29%	18.34%	21.36%	23.50%	21.82%	14.51%
	106	107	66	171	162	90	187	99	107	71	77	-4	100
Interest	22	24	36	31	22	41	16	50	31	33	34	36	37
Depreciation	155	160	161	174	163	166	173	178	188	193	195	199	206
Profit before Tax	430	456	409	647	640	463	600	485	394	357	491	401	601
Tax %	22.76%	23.73%	25.31%	24.75%	23.43%	25.01%	25.05%	24.03%	26.90%	23.54%	22.18%	25.31%	25.00%
Net Profit	0	0	0	0	490	347	449	369	288	273	382	299	451
	17.17	17.97	15.80	25.18	25.35	17.95	23.25	19.06	14.91	14.13	19.77	15.49	23.32

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	3,723	4,444	5,210	4,811	5,783	8,295	9,760	9,369	10,447	10,823	11,518
	2,592	3,341	3,907	3,655	3,972	6,286	8,070	7,113	7,989	8,522	9,223
Operating Profit	1,131	1,103	1,303	1,156	1,811	2,009	1,690	2,256	2,458	2,301	2,296
OPM %	30.38%	24.81%	25.02%	24.03%	31.31%	24.22%	17.31%	24.08%	23.53%	21.26%	19.93%
	254	340	218	368	172	438	364	449	539	252	244
Interest	22	15	12	11	12	9	48	113	129	134	140
Depreciation	304	311	333	374	416	455	571	651	681	775	793
Profit before Tax	1,059	1,116	1,177	1,140	1,555	1,982	1,435	1,941	2,187	1,644	1,850
Tax %	32.28%	34.07%	34.24%	15.78%	24.27%	27.58%	26.30%	24.19%	24.34%	24.37%	24.04%
Net Profit	717	736	774	960	1,178	1,435	1,057	1,471	1,655	1,243	1,406
EPS	74.16	38.06	40.02	49.64	60.91	74.26	54.70	76.12	85.62	64.31	—
Dividend Payout %	10.79%	21.02%	19.99%	40.29%	27.91%	37.71%	29.25%	21.02%	18.69%	24.88%	—

COMPOUNDED SALES GROWTH

10 Years:: 13%
5 Years:: 13%
3 Years:: 4%

COMPOUNDED PROFIT GROWTH

10 Years:: 11%
5 Years:: 1%
3 Years:: 6%

STOCK PRICE CAGR

10 Years:: 17%
5 Years:: -2%
3 Years:: -3%
1 Year:: -8%

RETURN ON EQUITY

10 Years:: 18%
5 Years:: 17%
3 Years:: 16%
Last Year:: 12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	19	39	39	39	39	39	39	39	39	39
	3,524	4,045	4,615	4,970	5,961	6,894	7,518	8,815	10,349	10,917
	812	667	895	965	1,033	2,559	3,472	3,190	3,206	4,134
Trade Payables	374	409	386	384	655	829	492	808	754	912
	1,060	718	545	449	479	657	826	832	1,287	1,765
Total Liabilities	5,789	5,878	6,479	6,806	8,166	10,979	12,348	13,685	15,635	17,766
	2,797	2,771	2,709	3,222	3,284	3,940	5,313	6,253	6,880	7,354
Capital Work in Progress	110	119	600	587	856	1,258	1,392	944	986	2,472
	1,349	1,103	1,083	1,062	1,418	1,897	2,037	2,686	3,264	3,124
	476	619	759	616	940	1,672	1,667	1,332	1,782	1,808
	0	0	0	0	0	1,096	0	1,445	1,495	1,447
Cash & Bank	25	33	66	69	75	52	76	80	86	65
	1,032	1,234	1,263	1,251	1,595	1,064	1,862	944	1,142	1,497
Total Assets	5,789	5,878	6,479	6,806	8,166	10,979	12,348	13,685	15,635	17,766

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1,163	1,142	1,235	1,470	1,690	908	1,791	2,082	1,764	2,249
Cash from Investing	-563	-92	-636	-678	-1,173	-1,897	-1,783	-1,476	-1,479	-2,523
Cash from Financing	-589	-654	-165	-495	-158	980	359	-601	-279	254
	-306	4	20	1	8	-9	23	5	6	-19

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
58.29	58.29	58.29	58.29	58.29	58.29	58.29	58.29	58.29
12.61	11.72	11.28	11.46	10.50	10.70	11.00	11.13	10.33
22.29	23.31	23.81	23.63	24.71	24.55	24.42	24.25	24.60
0.01	0.01	0.01	0.01	0.00	0.00	0.00	0.00	0.00
6.66	6.53	6.47	6.47	6.36	6.31	6.28	6.32	6.78

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-03

Committee Meeting Updates

2026-09-03 - Balkrishna Industries Limited has informed the Exchange regarding Outcome of Committee Meeting held on September 03, 2026.

2026-08-25

Credit Rating- New

2026-08-25 - Balkrishna Industries Limited has informed the Exchange about Credit Rating- New

2026-08-18

Committee Meeting Updates

2026-08-18 - Balkrishna Industries Limited has informed the Exchange regarding Outcome of Committee Meeting held on August 18, 2026.

2026-08-05

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-05 - Balkrishna Industries Limited has informed the Exchange about Transcript

2026-07-31

Copy of Newspaper Publication

2026-07-31 - Balkrishna Industries Limited has informed the Exchange about Copy of Newspaper Publication

2026-07-30

Analysts/Institutional Investor Meet/Con. Call Updates

2026-07-30 - Balkrishna Industries Limited has informed the Exchange about Link of Recording

2026-07-30

Shareholders meeting

2026-07-30 - Balkrishna Industries Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on July 29, 2026. Further, the company has informed the Exchange regarding voting results.

2026-07-30

Shareholders meeting

2026-07-30 - Balkrishna Industries Limited has informed the Exchange about Shareholders meeting

2026-07-29

Updates

2026-07-29 - Balkrishna Industries Limited has informed the Exchange regarding 'Investor Presentation'.

News

Recent coverage and analyst commentary for BALKRISIND

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Balkrishna Industries Ltd.

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Free 5nance Account

Name

MRF

128476.05

22.56

54488.53

0.18

495.35

-1.02

8415.50

9.64

16.04

11.77

BALKRISIND

2208.00

30.37

42684.44

0.72

450.77

56.35

3455.27

25.19

12.38

21.54

APOLLOTYRE

421.95

15.69

26798.08

1.42

348.87

2609.05

7397.79

12.76

9.22

11.73

CEATLTD

3294.00

22.60

13324.26

1.06

4.00

-96.44

4318.00

22.34

18.60

8.57

JKTYRE

356.50

15.78

10277.52

1.12

44.09

-73.01

3946.24

2.00

14.30

6.58

TVSSRICHAK

5174.45

42.89

3962.10

0.73

34.02

165.16

1067.61

30.29

4.80

7.57

GOODYEAR

729.20

31.21

1682.01

3.63

6.51

-53.86

774.35

18.00

14.67

1.30

TOLINS

91.03

11.04

359.65

0.00

6.19

-33.46

79.27

-11.67

21.30

11.24

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

2,159

2,253

2,274

2,682

2,714

2,420

2,560

2,752

2,760

2,393

2,737

2,933

3,455

1,658

1,720

1,734

2,001

2,051

1,840

1,960

2,139

2,254

1,882

2,094

2,293

2,954

Operating Profit

501

533

541

681

664

580

601

614

506

511

643

640

501

OPM %

23.20%

23.64%

23.77%

25.40%

24.45%

23.96%

23.46%

22.29%

18.34%

21.36%

23.50%

21.82%

14.51%

106

107

171

162

187

107

-4

100

Interest

Depreciation

155

160

161

174

163

166

173

178

188

193

195

199

206

Profit before Tax

430

456

409

647

640

463

600

485

394

357

491

401

601

Tax %

22.76%

23.73%

25.31%

24.75%

23.43%

25.01%

25.05%

24.03%

26.90%

23.54%

22.18%

25.31%

25.00%

Net Profit

490

347

449

369

288

273

382

299

451

17.17

17.97

15.80

25.18

25.35

17.95

23.25

19.06

14.91

14.13

19.77

15.49

23.32

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

3,723

4,444

5,210

4,811

5,783

8,295

9,760

9,369

10,447

10,823

11,518

2,592

3,341

3,907

3,655

3,972

6,286

8,070

7,113

7,989

8,522

9,223

Operating Profit

1,131

1,103

1,303

1,156

1,811

2,009

1,690

2,256

2,458

2,301

2,296

OPM %

30.38%

24.81%

25.02%

24.03%

31.31%

24.22%

17.31%

24.08%

23.53%

21.26%

19.93%

254

340

218

368

172

438

364

449

539

252

244

Interest

113

129

134

140

Depreciation

304

311

333

374

416

455

571

651

681

775

793

Profit before Tax

1,059

1,116

1,177

1,140

1,555

1,982

1,435

1,941

2,187

1,644

1,850

Tax %

32.28%

34.07%

34.24%

15.78%

24.27%

27.58%

26.30%

24.19%

24.34%

24.37%

24.04%

Net Profit

717

736

774

960

1,178

1,435

1,057

1,471

1,655

1,243

1,406

EPS

74.16

38.06

40.02

49.64

60.91

74.26

54.70

76.12

85.62

64.31

—

Dividend Payout %

10.79%

21.02%

19.99%

40.29%

27.91%

37.71%

29.25%

21.02%

18.69%

24.88%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

3,524

4,045

4,615

4,970

5,961

6,894

7,518

8,815

10,349

10,917

812

667

895

965

1,033

2,559

3,472

3,190

3,206

4,134

Trade Payables

374

409

386

384

655

829

492

808

754

912

1,060

718

545

449

479

657

826

832

1,287

1,765

Total Liabilities

5,789

5,878

6,479

6,806

8,166

10,979

12,348

13,685

15,635

17,766

2,797

2,771

2,709

3,222

3,284

3,940

5,313

6,253

6,880

7,354

Capital Work in Progress

110

119

600

587

856

1,258

1,392

944

986

2,472

1,349

1,103

1,083

1,062

1,418

1,897

2,037

2,686

3,264

3,124

476

619

759

616

940

1,672

1,667

1,332

1,782

1,808

1,096

1,445

1,495

1,447

Cash & Bank

1,032

1,234

1,263

1,251

1,595

1,064

1,862

944

1,142

1,497

Total Assets

5,789

5,878

6,479

6,806

8,166

10,979

12,348

13,685

15,635

17,766

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

1,163

1,142

1,235

1,470

1,690

908

1,791

2,082

1,764

2,249

Cash from Investing

-563

-92

-636

-678

-1,173

-1,897

-1,783

-1,476

-1,479

-2,523

Cash from Financing

-589

-654

-165

-495

-158

980

359

-601

-279

254

-306

-9

-19

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

58.29

12.61

11.72

11.28

11.46

10.50

10.70

11.00

11.13

10.33

22.29

23.31

23.81

23.63

24.71

24.55

24.42

24.25

24.60

0.01

0.00

6.66

6.53

6.47

6.36

6.31

6.28

6.32

6.78

Balkrishna Industries Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Balkrishna Industries Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI