Balkrishna Industries Ltd.

•

bkt-tires.comBSE: 502355NSE: BALKRISIND

Market Cap₹ 41,862 Cr.

Current Price

High / Low₹ 2,775 / 1,970

Stock P/E30.6

Book Value₹ 590

Price to Book3.67

Dividend Yield0.74 %

ROCE12.2 %

ROE11.4 %

Face Value₹ 2

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ABOUT

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

Latest quarter profit grew 50.5% YoY, showing strong momentum
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.41x)
Working capital cycle has improved - days down from 47 to 3
Company has a consistent dividend-paying track record
Company comfortably covers its interest (13.3x coverage)
Company generates healthy free cash flow

CONS

Company has delivered a poor profit growth of 1.1% over past five years
Expensive relative to growth - PEG of 7.2

* 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	128442.20	22.56	54474.17	0.18	495.35	-1.02	8415.50	9.64	16.04	11.77
2.	BALKRISIND	2165.45	29.78	41861.87	0.74	450.77	56.35	3455.27	25.19	12.38	21.54
3.	APOLLOTYRE	417.55	15.52	26518.64	1.44	348.87	2609.05	7397.79	12.76	9.22	11.73
4.	CEATLTD	3280.45	22.51	13269.45	1.07	4.00	-96.44	4318.00	22.34	18.60	8.57
5.	JKTYRE	354.25	15.68	10212.66	1.13	44.09	-73.01	3946.24	2.00	14.30	6.58
6.	TVSSRICHAK	5144.15	42.64	3938.90	0.73	34.02	165.16	1067.61	30.29	4.80	7.57
7.	GOODYEAR	725.45	31.05	1673.36	3.65	6.51	-53.86	774.35	18.00	14.67	1.30
8.	TOLINS	89.49	10.86	353.56	0.00	6.19	-33.46	79.27	-11.67	21.30	11.24

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	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
	2,120	2,226	2,280	2,673	2,690	2,436	2,541	2,747	2,760	2,389	2,730	2,941	3,445
	1,639	1,707	1,741	2,008	2,039	1,856	1,953	2,145	2,257	1,890	2,098	2,312	2,961
Operating Profit	481	518	539	665	650	580	588	602	503	498	632	629	484
OPM %	22.71%	23.29%	23.64%	24.89%	24.18%	23.82%	23.15%	21.91%	18.23%	20.86%	23.16%	21.40%	14.04%
	104	107	66	171	159	90	187	99	104	71	77	-4	98
Interest	21	23	35	30	21	40	15	49	30	32	33	35	36
Depreciation	154	159	159	172	162	165	171	176	186	190	192	196	203
Profit before Tax	411	444	411	634	627	465	589	475	391	347	483	395	582
Tax %	23.94%	24.43%	24.81%	24.11%	23.83%	24.87%	25.40%	23.83%	26.61%	23.78%	22.43%	25.29%	25.75%
Net Profit	312	335	309	481	477	350	439	362	287	265	375	295	432
	16.15	17.35	15.99	24.87	24.69	18.08	22.73	18.73	14.86	13.68	19.40	15.26	22.35

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	3,728	4,447	5,244	4,782	5,758	8,267	9,811	9,299	10,413	10,820	11,504
	2,596	3,340	3,932	3,648	3,972	6,291	8,112	7,094	7,992	8,556	9,261
Operating Profit	1,132	1,108	1,312	1,134	1,786	1,976	1,698	2,204	2,421	2,263	2,244
OPM %	30.36%	24.91%	25.03%	23.71%	31.02%	23.90%	17.31%	23.71%	23.25%	20.92%	19.50%
	250	336	214	366	161	431	355	448	535	248	242
Interest	21	14	11	9	10	8	46	110	125	131	137
Depreciation	304	311	333	368	406	444	557	644	674	764	781
Profit before Tax	1,056	1,118	1,183	1,123	1,531	1,954	1,451	1,899	2,156	1,617	1,808
Tax %	32.25%	33.91%	33.90%	15.84%	24.53%	27.82%	25.67%	24.30%	24.48%	24.43%	24.38%
Net Profit	716	739	782	945	1,155	1,411	1,079	1,438	1,628	1,222	1,367
EPS	37.02	38.24	40.45	48.88	59.77	72.98	55.80	74.37	84.24	63.21	—
Dividend Payout %	10.81%	20.92%	19.77%	40.91%	28.44%	38.37%	28.67%	21.51%	18.99%	25.31%	—

COMPOUNDED SALES GROWTH

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

COMPOUNDED PROFIT GROWTH

10 Years:: 11%
5 Years:: 1%
3 Years:: 4%

STOCK PRICE CAGR

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

RETURN ON EQUITY

10 Years:: 18%
5 Years:: 17%
3 Years:: 15%
Last Year:: 11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	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
	3,532	4,057	4,640	4,989	5,969	6,886	7,550	8,823	10,345	10,928
	782	635	853	896	926	2,473	3,380	3,128	3,153	4,074
Trade Payables	363	397	357	361	633	808	487	791	746	918
	1,059	717	541	446	473	652	817	825	1,278	1,754
Total Liabilities	5,756	5,845	6,430	6,731	8,040	10,857	12,272	13,605	15,560	17,713
	2,797	2,771	2,709	3,191	3,248	3,907	5,278	6,220	6,852	7,318
Capital Work in Progress	110	118	585	586	856	1,258	1,392	944	985	2,472
	1,350	1,103	1,083	1,063	1,418	1,897	2,037	2,686	3,265	3,125
	460	594	713	580	909	1,639	1,592	1,271	1,716	1,714
	0	0	0	0	0	1,098	0	1,543	1,611	1,622
Cash & Bank	14	25	56	46	54	35	38	53	63	30
	1,026	1,234	1,284	1,265	1,555	1,022	1,935	888	1,068	1,431
Total Assets	5,756	5,845	6,430	6,731	8,040	10,857	12,272	13,605	15,560	17,713

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1,158	1,144	1,227	1,459	1,712	881	1,752	2,052	1,753	2,224
Cash from Investing	-534	-92	-621	-656	-1,159	-1,889	-1,772	-1,468	-1,477	-2,504
Cash from Financing	-616	-655	-173	-521	-194	1,003	359	-568	-268	251
	-308	6	19	-13	10	-5	1	17	9	-30

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	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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Name

MRF

128442.20

22.56

54474.17

0.18

495.35

-1.02

8415.50

9.64

16.04

11.77

BALKRISIND

2165.45

29.78

41861.87

0.74

450.77

56.35

3455.27

25.19

12.38

21.54

APOLLOTYRE

417.55

15.52

26518.64

1.44

348.87

2609.05

7397.79

12.76

9.22

11.73

CEATLTD

3280.45

22.51

13269.45

1.07

4.00

-96.44

4318.00

22.34

18.60

8.57

JKTYRE

354.25

15.68

10212.66

1.13

44.09

-73.01

3946.24

2.00

14.30

6.58

TVSSRICHAK

5144.15

42.64

3938.90

0.73

34.02

165.16

1067.61

30.29

4.80

7.57

GOODYEAR

725.45

31.05

1673.36

3.65

6.51

-53.86

774.35

18.00

14.67

1.30

TOLINS

89.49

10.86

353.56

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

2,120

2,226

2,280

2,673

2,690

2,436

2,541

2,747

2,760

2,389

2,730

2,941

3,445

1,639

1,707

1,741

2,008

2,039

1,856

1,953

2,145

2,257

1,890

2,098

2,312

2,961

Operating Profit

481

518

539

665

650

580

588

602

503

498

632

629

484

OPM %

22.71%

23.29%

23.64%

24.89%

24.18%

23.82%

23.15%

21.91%

18.23%

20.86%

23.16%

21.40%

14.04%

104

107

171

159

187

104

-4

Interest

Depreciation

154

159

172

162

165

171

176

186

190

192

196

203

Profit before Tax

411

444

411

634

627

465

589

475

391

347

483

395

582

Tax %

23.94%

24.43%

24.81%

24.11%

23.83%

24.87%

25.40%

23.83%

26.61%

23.78%

22.43%

25.29%

25.75%

Net Profit

312

335

309

481

477

350

439

362

287

265

375

295

432

16.15

17.35

15.99

24.87

24.69

18.08

22.73

18.73

14.86

13.68

19.40

15.26

22.35

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

3,728

4,447

5,244

4,782

5,758

8,267

9,811

9,299

10,413

10,820

11,504

2,596

3,340

3,932

3,648

3,972

6,291

8,112

7,094

7,992

8,556

9,261

Operating Profit

1,132

1,108

1,312

1,134

1,786

1,976

1,698

2,204

2,421

2,263

2,244

OPM %

30.36%

24.91%

25.03%

23.71%

31.02%

23.90%

17.31%

23.71%

23.25%

20.92%

19.50%

250

336

214

366

161

431

355

448

535

248

242

Interest

110

125

131

137

Depreciation

304

311

333

368

406

444

557

644

674

764

781

Profit before Tax

1,056

1,118

1,183

1,123

1,531

1,954

1,451

1,899

2,156

1,617

1,808

Tax %

32.25%

33.91%

33.90%

15.84%

24.53%

27.82%

25.67%

24.30%

24.48%

24.43%

24.38%

Net Profit

716

739

782

945

1,155

1,411

1,079

1,438

1,628

1,222

1,367

EPS

37.02

38.24

40.45

48.88

59.77

72.98

55.80

74.37

84.24

63.21

—

Dividend Payout %

10.81%

20.92%

19.77%

40.91%

28.44%

38.37%

28.67%

21.51%

18.99%

25.31%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

3,532

4,057

4,640

4,989

5,969

6,886

7,550

8,823

10,345

10,928

782

635

853

896

926

2,473

3,380

3,128

3,153

4,074

Trade Payables

363

397

357

361

633

808

487

791

746

918

1,059

717

541

446

473

652

817

825

1,278

1,754

Total Liabilities

5,756

5,845

6,430

6,731

8,040

10,857

12,272

13,605

15,560

17,713

2,797

2,771

2,709

3,191

3,248

3,907

5,278

6,220

6,852

7,318

Capital Work in Progress

110

118

585

586

856

1,258

1,392

944

985

2,472

1,350

1,103

1,083

1,063

1,418

1,897

2,037

2,686

3,265

3,125

460

594

713

580

909

1,639

1,592

1,271

1,716

1,714

1,098

1,543

1,611

1,622

Cash & Bank

1,026

1,234

1,284

1,265

1,555

1,022

1,935

888

1,068

1,431

Total Assets

5,756

5,845

6,430

6,731

8,040

10,857

12,272

13,605

15,560

17,713

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

1,158

1,144

1,227

1,459

1,712

881

1,752

2,052

1,753

2,224

Cash from Investing

-534

-92

-621

-656

-1,159

-1,889

-1,772

-1,468

-1,477

-2,504

Cash from Financing

-616

-655

-173

-521

-194

1,003

359

-568

-268

251

-308

-13

-5

-30

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