Balkrishna Industries Ltd.
•₹ 2,350.8-1.14%
2026-08-21
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 5.9
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | MRF | 133561.80 | 23.45 | 56645.47 | 0.18 | 495.35 | -1.02 | 8415.50 | 9.64 | 16.04 | 11.77 |
| 2. | BALKRISIND | 2367.05 | 32.56 | 45759.15 | 0.68 | 450.77 | 56.35 | 3455.27 | 25.19 | 12.38 | 21.54 |
| 3. | APOLLOTYRE | 427.05 | 15.88 | 27121.99 | 1.41 | 348.87 | 2609.05 | 7397.79 | 12.76 | 9.22 | 11.73 |
| 4. | CEATLTD | 3537.35 | 24.27 | 14308.61 | 0.99 | 4.00 | -96.44 | 4318.00 | 22.34 | 18.60 | 8.57 |
| 5. | JKTYRE | 375.00 | 16.60 | 10810.86 | 1.07 | 44.09 | -73.01 | 3946.24 | 2.00 | 14.30 | 6.58 |
| 6. | TVSSRICHAK | 4823.30 | 39.98 | 3693.22 | 0.78 | 34.02 | 165.16 | 1067.61 | 30.29 | 4.80 | 7.57 |
| 7. | GOODYEAR | 760.35 | 0.00 | 1753.86 | 3.49 | 6.51 | -53.86 | 774.35 | 18.00 | 14.67 | 1.30 |
| 8. | TOLINS | 95.95 | 11.64 | 379.09 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 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 |
| 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 | 18 | 16 | 25 | 25 | 18 | 23 | 19 | 15 | 14 | 20 | 15 | 2 | |
| Equity Capital | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 2,159
- 1,658
- Operating Profit
- —
- OPM %
- —
- Other Income
- 106
- Interest
- 22
- Depreciation
- 155
- 430
- Tax %
- 22.76%
- Net Profit
- 0
- 17
- Equity Capital
- 39
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 39
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 2,253
- 1,720
- Operating Profit
- —
- OPM %
- —
- Other Income
- 107
- Interest
- 24
- Depreciation
- 160
- 456
- Tax %
- 23.73%
- Net Profit
- 0
- 18
- Equity Capital
- 39
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 39
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 2,274
- 1,734
- Operating Profit
- —
- OPM %
- —
- Other Income
- 66
- Interest
- 36
- Depreciation
- 161
- 409
- Tax %
- 25.31%
- Net Profit
- 0
- 16
- Equity Capital
- 39
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 39
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 2,682
- 2,001
- Operating Profit
- —
- OPM %
- —
- Other Income
- 171
- Interest
- 31
- Depreciation
- 174
- 647
- Tax %
- 24.75%
- Net Profit
- 0
- 25
- Equity Capital
- 39
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 39
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 2,714
- 2,051
- Operating Profit
- —
- OPM %
- —
- Other Income
- 162
- Interest
- 22
- Depreciation
- 163
- 640
- Tax %
- 23.43%
- Net Profit
- 490
- 25
- Equity Capital
- 39
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 39
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 2,420
- 1,840
- Operating Profit
- —
- OPM %
- —
- Other Income
- 90
- Interest
- 41
- Depreciation
- 166
- 463
- Tax %
- 25.01%
- Net Profit
- 347
- 18
- Equity Capital
- 39
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 39
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 2,560
- 1,960
- Operating Profit
- —
- OPM %
- —
- Other Income
- 187
- Interest
- 16
- Depreciation
- 173
- 600
- Tax %
- 25.05%
- Net Profit
- 449
- 23
- Equity Capital
- 39
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 39
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 2,752
- 2,139
- Operating Profit
- —
- OPM %
- —
- Other Income
- 99
- Interest
- 50
- Depreciation
- 178
- 485
- Tax %
- 24.03%
- Net Profit
- 369
- 19
- Equity Capital
- 39
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 39
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 2,760
- 2,254
- Operating Profit
- —
- OPM %
- —
- Other Income
- 107
- Interest
- 31
- Depreciation
- 188
- 394
- Tax %
- 26.90%
- Net Profit
- 288
- 15
- Equity Capital
- 39
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 39
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 2,393
- 1,882
- Operating Profit
- —
- OPM %
- —
- Other Income
- 71
- Interest
- 33
- Depreciation
- 193
- 357
- Tax %
- 23.54%
- Net Profit
- 273
- 14
- Equity Capital
- 39
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 39
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 2,737
- 2,094
- Operating Profit
- —
- OPM %
- —
- Other Income
- 77
- Interest
- 34
- Depreciation
- 195
- 491
- Tax %
- 22.18%
- Net Profit
- 382
- 20
- Equity Capital
- 39
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 39
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 2,933
- 2,293
- Operating Profit
- —
- OPM %
- —
- Other Income
- -4
- Interest
- 36
- Depreciation
- 199
- 401
- Tax %
- 25.31%
- Net Profit
- 299
- 15
- Equity Capital
- 39
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 39
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 3,455
- 2,954
- Operating Profit
- —
- OPM %
- —
- Other Income
- 100
- Interest
- 37
- Depreciation
- 206
- 601
- Tax %
- 25.00%
- Net Profit
- 451
- 2
- Equity Capital
- 39
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 39
- Reserves
- 0
- Promoter Pledge %
- 0.00%
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 | 1,385 | 1,442 | 1,522 | 1,524 | 1,983 | 2,447 | 2,054 | 2,705 | 2,997 | 2,552 | — |
| OPM % | 37 | 32 | 29 | 32 | 34 | 29 | 21 | 29 | 29 | 24 | — |
| Other Income | 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 |
| 1,059 | 1,116 | 1,177 | 1,140 | 1,555 | 1,982 | 1,435 | 1,941 | 2,187 | 1,644 | 1,850 | |
| Tax % | 32 | 34 | 34 | 16 | 24 | 28 | 26 | 24 | 24 | 24 | 24 |
| Net Profit | 717 | 736 | 774 | 960 | 1,178 | 1,435 | 1,057 | 1,471 | 1,655 | 1,243 | 1,406 |
| EPS | 74 | 38 | 40 | 50 | 61 | 74 | 55 | 76 | 86 | 64 | — |
| Dividend Payout % | 11 | 21 | 20 | 40 | 28 | 38 | 29 | 21 | 19 | 25 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 37 | 38 | 40 | 50 | 61 | 74 | 55 | 76 | 86 | 64 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 37 | 38 | 40 | 50 | 61 | 74 | 55 | 76 | 86 | 64 | — |
Mar 2017
- 3,723
- 2,592
- Operating Profit
- 1,385
- OPM %
- 37
- Other Income
- 254
- Interest
- 22
- Depreciation
- 304
- 1,059
- Tax %
- 32
- Net Profit
- 717
- EPS
- 74
- Dividend Payout %
- 11
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 37
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 37
Mar 2018
- 4,444
- 3,341
- Operating Profit
- 1,442
- OPM %
- 32
- Other Income
- 340
- Interest
- 15
- Depreciation
- 311
- 1,116
- Tax %
- 34
- Net Profit
- 736
- EPS
- 38
- Dividend Payout %
- 21
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 38
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 38
Mar 2019
- 5,210
- 3,907
- Operating Profit
- 1,522
- OPM %
- 29
- Other Income
- 218
- Interest
- 12
- Depreciation
- 333
- 1,177
- Tax %
- 34
- Net Profit
- 774
- EPS
- 40
- Dividend Payout %
- 20
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 40
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 40
Mar 2020
- 4,811
- 3,655
- Operating Profit
- 1,524
- OPM %
- 32
- Other Income
- 368
- Interest
- 11
- Depreciation
- 374
- 1,140
- Tax %
- 16
- Net Profit
- 960
- EPS
- 50
- Dividend Payout %
- 40
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 50
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 50
Mar 2021
- 5,783
- 3,972
- Operating Profit
- 1,983
- OPM %
- 34
- Other Income
- 172
- Interest
- 12
- Depreciation
- 416
- 1,555
- Tax %
- 24
- Net Profit
- 1,178
- EPS
- 61
- Dividend Payout %
- 28
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 61
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 61
Mar 2022
- 8,295
- 6,286
- Operating Profit
- 2,447
- OPM %
- 29
- Other Income
- 438
- Interest
- 9
- Depreciation
- 455
- 1,982
- Tax %
- 28
- Net Profit
- 1,435
- EPS
- 74
- Dividend Payout %
- 38
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 74
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 74
Mar 2023
- 9,760
- 8,070
- Operating Profit
- 2,054
- OPM %
- 21
- Other Income
- 364
- Interest
- 48
- Depreciation
- 571
- 1,435
- Tax %
- 26
- Net Profit
- 1,057
- EPS
- 55
- Dividend Payout %
- 29
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 55
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 55
Mar 2024
- 9,369
- 7,113
- Operating Profit
- 2,705
- OPM %
- 29
- Other Income
- 449
- Interest
- 113
- Depreciation
- 651
- 1,941
- Tax %
- 24
- Net Profit
- 1,471
- EPS
- 76
- Dividend Payout %
- 21
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 76
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 76
Mar 2025
- 10,447
- 7,989
- Operating Profit
- 2,997
- OPM %
- 29
- Other Income
- 539
- Interest
- 129
- Depreciation
- 681
- 2,187
- Tax %
- 24
- Net Profit
- 1,655
- EPS
- 86
- Dividend Payout %
- 19
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 86
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 86
Mar 2026
- 10,823
- 8,522
- Operating Profit
- 2,552
- OPM %
- 24
- Other Income
- 252
- Interest
- 134
- Depreciation
- 775
- 1,644
- Tax %
- 24
- Net Profit
- 1,243
- EPS
- 64
- Dividend Payout %
- 25
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 64
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 64
TTM
- 11,518
- 9,223
- Operating Profit
- —
- OPM %
- —
- Other Income
- 244
- Interest
- 140
- Depreciation
- 793
- 1,850
- Tax %
- 24
- Net Profit
- 1,406
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
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:
- 20%
- 5 Years:
- 1%
- 3 Years:
- 0%
- 1 Year:
- -2%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| 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 | |
| 578 | 648 | 869 | 929 | 999 | 2,027 | 2,303 | 2,404 | 2,690 | 2,782 | |
| Trade Payables | 374 | 409 | 386 | 384 | 655 | 829 | 492 | 808 | 754 | 912 |
| 1,294 | 737 | 571 | 486 | 513 | 1,190 | 1,995 | 1,619 | 1,803 | 3,117 | |
| Total Liabilities | 5,789 | 5,878 | 6,479 | 6,806 | 8,166 | 10,979 | 12,348 | 13,685 | 15,635 | 17,766 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 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 |
| Total Debt | 1,391 | 867 | 871 | 931 | 1,001 | 2,528 | 3,342 | 3,095 | 3,263 | 4,106 |
| Net Working Capital | 99 | 583 | 1,016 | 364 | 578 | 659 | 579 | 984 | 1,345 | 65 |
| Contingent Liabilities | 1,356 | 618 | 992 | 671 | 679 | 1,077 | 856 | 712 | 758 | 886 |
| Book Value per Share | 366.57 | 211.25 | 240.75 | 259.09 | 310.39 | 358.67 | 390.94 | 458.04 | 537.38 | 566.75 |
| Face Value | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
| Total Debt | 1,391 | 867 | 871 | 931 | 1,001 | 2,528 | 3,342 | 3,095 | 3,263 | 4,106 |
| Net Working Capital | 99 | 583 | 1,016 | 364 | 578 | 659 | 579 | 984 | 1,345 | 65 |
| Contingent Liabilities | 1,356 | 618 | 992 | 671 | 679 | 1,077 | 856 | 712 | 758 | 886 |
| Book Value per Share | 366.57 | 211.25 | 240.75 | 259.09 | 310.39 | 358.67 | 390.94 | 458.04 | 537.38 | 566.75 |
| Face Value | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
Mar 2017
- Equity Capital
- 19
- 3,524
- 578
- Trade Payables
- 374
- 1,294
- Total Liabilities
- 5,789
- 2,797
- Capital Work in Progress
- 110
- 1,349
- 476
- 0
- Cash & Bank
- 25
- 1,032
- Total Assets
- 5,789
- Total Debt
- 1,391
- Net Working Capital
- 99
- Contingent Liabilities
- 1,356
- Book Value per Share
- 366.57
- Face Value
- 2.00
- Total Debt
- 1,391
- Net Working Capital
- 99
- Contingent Liabilities
- 1,356
- Book Value per Share
- 366.57
- Face Value
- 2.00
Mar 2018
- Equity Capital
- 39
- 4,045
- 648
- Trade Payables
- 409
- 737
- Total Liabilities
- 5,878
- 2,771
- Capital Work in Progress
- 119
- 1,103
- 619
- 0
- Cash & Bank
- 33
- 1,234
- Total Assets
- 5,878
- Total Debt
- 867
- Net Working Capital
- 583
- Contingent Liabilities
- 618
- Book Value per Share
- 211.25
- Face Value
- 2.00
- Total Debt
- 867
- Net Working Capital
- 583
- Contingent Liabilities
- 618
- Book Value per Share
- 211.25
- Face Value
- 2.00
Mar 2019
- Equity Capital
- 39
- 4,615
- 869
- Trade Payables
- 386
- 571
- Total Liabilities
- 6,479
- 2,709
- Capital Work in Progress
- 600
- 1,083
- 759
- 0
- Cash & Bank
- 66
- 1,263
- Total Assets
- 6,479
- Total Debt
- 871
- Net Working Capital
- 1,016
- Contingent Liabilities
- 992
- Book Value per Share
- 240.75
- Face Value
- 2.00
- Total Debt
- 871
- Net Working Capital
- 1,016
- Contingent Liabilities
- 992
- Book Value per Share
- 240.75
- Face Value
- 2.00
Mar 2020
- Equity Capital
- 39
- 4,970
- 929
- Trade Payables
- 384
- 486
- Total Liabilities
- 6,806
- 3,222
- Capital Work in Progress
- 587
- 1,062
- 616
- 0
- Cash & Bank
- 69
- 1,251
- Total Assets
- 6,806
- Total Debt
- 931
- Net Working Capital
- 364
- Contingent Liabilities
- 671
- Book Value per Share
- 259.09
- Face Value
- 2.00
- Total Debt
- 931
- Net Working Capital
- 364
- Contingent Liabilities
- 671
- Book Value per Share
- 259.09
- Face Value
- 2.00
Mar 2021
- Equity Capital
- 39
- 5,961
- 999
- Trade Payables
- 655
- 513
- Total Liabilities
- 8,166
- 3,284
- Capital Work in Progress
- 856
- 1,418
- 940
- 0
- Cash & Bank
- 75
- 1,595
- Total Assets
- 8,166
- Total Debt
- 1,001
- Net Working Capital
- 578
- Contingent Liabilities
- 679
- Book Value per Share
- 310.39
- Face Value
- 2.00
- Total Debt
- 1,001
- Net Working Capital
- 578
- Contingent Liabilities
- 679
- Book Value per Share
- 310.39
- Face Value
- 2.00
Mar 2022
- Equity Capital
- 39
- 6,894
- 2,027
- Trade Payables
- 829
- 1,190
- Total Liabilities
- 10,979
- 3,940
- Capital Work in Progress
- 1,258
- 1,897
- 1,672
- 1,096
- Cash & Bank
- 52
- 1,064
- Total Assets
- 10,979
- Total Debt
- 2,528
- Net Working Capital
- 659
- Contingent Liabilities
- 1,077
- Book Value per Share
- 358.67
- Face Value
- 2.00
- Total Debt
- 2,528
- Net Working Capital
- 659
- Contingent Liabilities
- 1,077
- Book Value per Share
- 358.67
- Face Value
- 2.00
Mar 2023
- Equity Capital
- 39
- 7,518
- 2,303
- Trade Payables
- 492
- 1,995
- Total Liabilities
- 12,348
- 5,313
- Capital Work in Progress
- 1,392
- 2,037
- 1,667
- 0
- Cash & Bank
- 76
- 1,862
- Total Assets
- 12,348
- Total Debt
- 3,342
- Net Working Capital
- 579
- Contingent Liabilities
- 856
- Book Value per Share
- 390.94
- Face Value
- 2.00
- Total Debt
- 3,342
- Net Working Capital
- 579
- Contingent Liabilities
- 856
- Book Value per Share
- 390.94
- Face Value
- 2.00
Mar 2024
- Equity Capital
- 39
- 8,815
- 2,404
- Trade Payables
- 808
- 1,619
- Total Liabilities
- 13,685
- 6,253
- Capital Work in Progress
- 944
- 2,686
- 1,332
- 1,445
- Cash & Bank
- 80
- 944
- Total Assets
- 13,685
- Total Debt
- 3,095
- Net Working Capital
- 984
- Contingent Liabilities
- 712
- Book Value per Share
- 458.04
- Face Value
- 2.00
- Total Debt
- 3,095
- Net Working Capital
- 984
- Contingent Liabilities
- 712
- Book Value per Share
- 458.04
- Face Value
- 2.00
Mar 2025
- Equity Capital
- 39
- 10,349
- 2,690
- Trade Payables
- 754
- 1,803
- Total Liabilities
- 15,635
- 6,880
- Capital Work in Progress
- 986
- 3,264
- 1,782
- 1,495
- Cash & Bank
- 86
- 1,142
- Total Assets
- 15,635
- Total Debt
- 3,263
- Net Working Capital
- 1,345
- Contingent Liabilities
- 758
- Book Value per Share
- 537.38
- Face Value
- 2.00
- Total Debt
- 3,263
- Net Working Capital
- 1,345
- Contingent Liabilities
- 758
- Book Value per Share
- 537.38
- Face Value
- 2.00
Mar 2026
- Equity Capital
- 39
- 10,917
- 2,782
- Trade Payables
- 912
- 3,117
- Total Liabilities
- 17,766
- 7,354
- Capital Work in Progress
- 2,472
- 3,124
- 1,808
- 1,447
- Cash & Bank
- 65
- 1,497
- Total Assets
- 17,766
- Total Debt
- 4,106
- Net Working Capital
- 65
- Contingent Liabilities
- 886
- Book Value per Share
- 566.75
- Face Value
- 2.00
- Total Debt
- 4,106
- Net Working Capital
- 65
- Contingent Liabilities
- 886
- Book Value per Share
- 566.75
- Face Value
- 2.00
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 847 | 750 | 820 | 1,173 | 1,339 | 908 | 1,448 | 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 | |
| Free Cash Flow | 726 | 459 | 70 | 303 | 595 | -605 | -602 | 944 | 425 | -493 |
| OCF / Net Profit | 1.18 | 1.02 | 1.06 | 1.22 | 1.14 | 0.63 | 1.37 | 1.41 | 1.07 | 1.81 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 2,152 | 822 | -240 | 634 | 756 | -331 |
| OCF / Net Profit | 1.18 | 1.02 | 1.06 | 1.22 | 1.14 | 0.63 | 1.37 | 1.41 | 1.07 | 1.81 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 2,152 | 822 | -240 | 634 | 756 | -331 |
Mar 2017
- 847
- Cash from Investing
- -563
- Cash from Financing
- -589
- -306
- Free Cash Flow
- 726
- OCF / Net Profit
- 1.18
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.18
- Cumulative 5-Year FCF
- 0
Mar 2018
- 750
- Cash from Investing
- -92
- Cash from Financing
- -654
- 4
- Free Cash Flow
- 459
- OCF / Net Profit
- 1.02
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.02
- Cumulative 5-Year FCF
- 0
Mar 2019
- 820
- Cash from Investing
- -636
- Cash from Financing
- -165
- 20
- Free Cash Flow
- 70
- OCF / Net Profit
- 1.06
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.06
- Cumulative 5-Year FCF
- 0
Mar 2020
- 1,173
- Cash from Investing
- -678
- Cash from Financing
- -495
- 1
- Free Cash Flow
- 303
- OCF / Net Profit
- 1.22
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.22
- Cumulative 5-Year FCF
- 0
Mar 2021
- 1,339
- Cash from Investing
- -1,173
- Cash from Financing
- -158
- 8
- Free Cash Flow
- 595
- OCF / Net Profit
- 1.14
- Cumulative 5-Year FCF
- 2,152
- OCF / Net Profit
- 1.14
- Cumulative 5-Year FCF
- 2,152
Mar 2022
- 908
- Cash from Investing
- -1,897
- Cash from Financing
- 980
- -9
- Free Cash Flow
- -605
- OCF / Net Profit
- 0.63
- Cumulative 5-Year FCF
- 822
- OCF / Net Profit
- 0.63
- Cumulative 5-Year FCF
- 822
Mar 2023
- 1,448
- Cash from Investing
- -1,783
- Cash from Financing
- 359
- 23
- Free Cash Flow
- -602
- OCF / Net Profit
- 1.37
- Cumulative 5-Year FCF
- -240
- OCF / Net Profit
- 1.37
- Cumulative 5-Year FCF
- -240
Mar 2024
- 2,082
- Cash from Investing
- -1,476
- Cash from Financing
- -601
- 5
- Free Cash Flow
- 944
- OCF / Net Profit
- 1.41
- Cumulative 5-Year FCF
- 634
- OCF / Net Profit
- 1.41
- Cumulative 5-Year FCF
- 634
Mar 2025
- 1,764
- Cash from Investing
- -1,479
- Cash from Financing
- -279
- 6
- Free Cash Flow
- 425
- OCF / Net Profit
- 1.07
- Cumulative 5-Year FCF
- 756
- OCF / Net Profit
- 1.07
- Cumulative 5-Year FCF
- 756
Mar 2026
- 2,249
- Cash from Investing
- -2,523
- Cash from Financing
- 254
- -19
- Free Cash Flow
- -493
- OCF / Net Profit
- 1.81
- Cumulative 5-Year FCF
- -331
- OCF / Net Profit
- 1.81
- Cumulative 5-Year FCF
- -331
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 74.17 | 38.06 | 40.02 | 49.65 | 60.92 | 74.26 | 54.70 | 76.12 | 85.62 | 64.31 |
| Book Value (₹) | 366.57 | 211.25 | 240.75 | 259.09 | 310.39 | 358.67 | 390.94 | 458.04 | 537.38 | 566.75 |
| Dividend per Share (₹) | 8.00 | 8.00 | 8.00 | 20.00 | 17.00 | 28.00 | 16.00 | 16.00 | 16.00 | 16.00 |
| Cash EPS (₹) | 52.81 | 54.17 | 57.23 | 68.97 | 82.45 | 97.81 | 84.23 | 109.79 | 120.83 | 104.40 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 36.63% | 32.32% | 29.20% | 31.67% | 34.27% | 24.20% | 21.03% | 24.02% | 23.50% | 21.22% |
| Net Margin % | 18.96% | 16.49% | 14.85% | 19.95% | 20.35% | 17.29% | 10.82% | 15.67% | 15.83% | 11.46% |
| ROE % | 22.69% | 19.30% | 17.71% | 19.86% | 21.39% | 22.20% | 14.59% | 17.93% | 17.20% | 11.65% |
| ROCE % | 22.50% | 22.88% | 22.70% | 20.07% | 24.21% | 24.19% | 14.57% | 17.98% | 18.09% | 12.38% |
| 12.82% | 12.61% | 12.52% | 14.45% | 15.73% | 14.99% | 9.07% | 11.31% | 11.29% | 7.44% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 38 | 36 | 35 | 42 | 42 | 41 | 41 | 50 | 51 | 49 |
| Inventory Days | 42 | 45 | 48 | 52 | 49 | 57 | 62 | 58 | 54 | 60 |
| Payable Days | 83 | 67 | 59 | 66 | 82 | 72 | 49 | 53 | 56 | 58 |
| -2 | 14 | 24 | 28 | 9 | 26 | 55 | 55 | 49 | 52 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.39x | 0.21x | 0.19x | 0.19x | 0.17x | 0.36x | 0.44x | 0.35x | 0.31x | 0.37x |
| Interest Coverage (x) | 49.12x | 76.26x | 95.58x | 106.61x | 133.22x | 212.99x | 30.69x | 18.11x | 18.02x | 13.28x |
| 1.06x | 1.41x | 1.70x | 1.23x | 1.30x | 1.20x | 1.17x | 1.27x | 1.32x | 1.01x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 14.94% | 19.35% | 17.24% | -7.65% | 20.20% | 43.44% | 17.65% | -4.00% | 11.51% | 3.60% |
| Operating Profit Growth % | 38.96% | 4.17% | 5.50% | 0.15% | 30.12% | 23.39% | -16.06% | 31.71% | 10.77% | -14.82% |
| Net Profit Growth % | 60.83% | 2.64% | 5.15% | 24.04% | 22.70% | 21.90% | -26.33% | 39.16% | 12.47% | -24.89% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 21.90% | 0.00% | 39.16% | 12.47% | -24.89% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 28.80x | 0.00x | 30.45x | 29.78x | 32.38x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 5.96x | 0.00x | 5.06x | 4.74x | 3.67x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.31% | 0.00% | 0.69% | 0.63% | 0.77% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 17.91x | 0.00x | 17.68x | 17.50x | 17.35x |
Mar 2017
- EPS (₹)
- 74.17
- Book Value (₹)
- 366.57
- Dividend per Share (₹)
- 8.00
- Cash EPS (₹)
- 52.81
- Operating Margin %
- 36.63%
- Net Margin %
- 18.96%
- ROE %
- 22.69%
- ROCE %
- 22.50%
- 12.82%
- Debtor Days
- 38
- Inventory Days
- 42
- Payable Days
- 83
- -2
- Debt to Equity (x)
- 0.39x
- Interest Coverage (x)
- 49.12x
- 1.06x
- Revenue Growth %
- 14.94%
- Operating Profit Growth %
- 38.96%
- Net Profit Growth %
- 60.83%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 38.06
- Book Value (₹)
- 211.25
- Dividend per Share (₹)
- 8.00
- Cash EPS (₹)
- 54.17
- Operating Margin %
- 32.32%
- Net Margin %
- 16.49%
- ROE %
- 19.30%
- ROCE %
- 22.88%
- 12.61%
- Debtor Days
- 36
- Inventory Days
- 45
- Payable Days
- 67
- 14
- Debt to Equity (x)
- 0.21x
- Interest Coverage (x)
- 76.26x
- 1.41x
- Revenue Growth %
- 19.35%
- Operating Profit Growth %
- 4.17%
- Net Profit Growth %
- 2.64%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 40.02
- Book Value (₹)
- 240.75
- Dividend per Share (₹)
- 8.00
- Cash EPS (₹)
- 57.23
- Operating Margin %
- 29.20%
- Net Margin %
- 14.85%
- ROE %
- 17.71%
- ROCE %
- 22.70%
- 12.52%
- Debtor Days
- 35
- Inventory Days
- 48
- Payable Days
- 59
- 24
- Debt to Equity (x)
- 0.19x
- Interest Coverage (x)
- 95.58x
- 1.70x
- Revenue Growth %
- 17.24%
- Operating Profit Growth %
- 5.50%
- Net Profit Growth %
- 5.15%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 49.65
- Book Value (₹)
- 259.09
- Dividend per Share (₹)
- 20.00
- Cash EPS (₹)
- 68.97
- Operating Margin %
- 31.67%
- Net Margin %
- 19.95%
- ROE %
- 19.86%
- ROCE %
- 20.07%
- 14.45%
- Debtor Days
- 42
- Inventory Days
- 52
- Payable Days
- 66
- 28
- Debt to Equity (x)
- 0.19x
- Interest Coverage (x)
- 106.61x
- 1.23x
- Revenue Growth %
- -7.65%
- Operating Profit Growth %
- 0.15%
- Net Profit Growth %
- 24.04%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 60.92
- Book Value (₹)
- 310.39
- Dividend per Share (₹)
- 17.00
- Cash EPS (₹)
- 82.45
- Operating Margin %
- 34.27%
- Net Margin %
- 20.35%
- ROE %
- 21.39%
- ROCE %
- 24.21%
- 15.73%
- Debtor Days
- 42
- Inventory Days
- 49
- Payable Days
- 82
- 9
- Debt to Equity (x)
- 0.17x
- Interest Coverage (x)
- 133.22x
- 1.30x
- Revenue Growth %
- 20.20%
- Operating Profit Growth %
- 30.12%
- Net Profit Growth %
- 22.70%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 74.26
- Book Value (₹)
- 358.67
- Dividend per Share (₹)
- 28.00
- Cash EPS (₹)
- 97.81
- Operating Margin %
- 24.20%
- Net Margin %
- 17.29%
- ROE %
- 22.20%
- ROCE %
- 24.19%
- 14.99%
- Debtor Days
- 41
- Inventory Days
- 57
- Payable Days
- 72
- 26
- Debt to Equity (x)
- 0.36x
- Interest Coverage (x)
- 212.99x
- 1.20x
- Revenue Growth %
- 43.44%
- Operating Profit Growth %
- 23.39%
- Net Profit Growth %
- 21.90%
- 21.90%
- P/E (x)
- 28.80x
- P/B (x)
- 5.96x
- Dividend Yield %
- 1.31%
- 17.91x
Mar 2023
- EPS (₹)
- 54.70
- Book Value (₹)
- 390.94
- Dividend per Share (₹)
- 16.00
- Cash EPS (₹)
- 84.23
- Operating Margin %
- 21.03%
- Net Margin %
- 10.82%
- ROE %
- 14.59%
- ROCE %
- 14.57%
- 9.07%
- Debtor Days
- 41
- Inventory Days
- 62
- Payable Days
- 49
- 55
- Debt to Equity (x)
- 0.44x
- Interest Coverage (x)
- 30.69x
- 1.17x
- Revenue Growth %
- 17.65%
- Operating Profit Growth %
- -16.06%
- Net Profit Growth %
- -26.33%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 76.12
- Book Value (₹)
- 458.04
- Dividend per Share (₹)
- 16.00
- Cash EPS (₹)
- 109.79
- Operating Margin %
- 24.02%
- Net Margin %
- 15.67%
- ROE %
- 17.93%
- ROCE %
- 17.98%
- 11.31%
- Debtor Days
- 50
- Inventory Days
- 58
- Payable Days
- 53
- 55
- Debt to Equity (x)
- 0.35x
- Interest Coverage (x)
- 18.11x
- 1.27x
- Revenue Growth %
- -4.00%
- Operating Profit Growth %
- 31.71%
- Net Profit Growth %
- 39.16%
- 39.16%
- P/E (x)
- 30.45x
- P/B (x)
- 5.06x
- Dividend Yield %
- 0.69%
- 17.68x
Mar 2025
- EPS (₹)
- 85.62
- Book Value (₹)
- 537.38
- Dividend per Share (₹)
- 16.00
- Cash EPS (₹)
- 120.83
- Operating Margin %
- 23.50%
- Net Margin %
- 15.83%
- ROE %
- 17.20%
- ROCE %
- 18.09%
- 11.29%
- Debtor Days
- 51
- Inventory Days
- 54
- Payable Days
- 56
- 49
- Debt to Equity (x)
- 0.31x
- Interest Coverage (x)
- 18.02x
- 1.32x
- Revenue Growth %
- 11.51%
- Operating Profit Growth %
- 10.77%
- Net Profit Growth %
- 12.47%
- 12.47%
- P/E (x)
- 29.78x
- P/B (x)
- 4.74x
- Dividend Yield %
- 0.63%
- 17.50x
Mar 2026
- EPS (₹)
- 64.31
- Book Value (₹)
- 566.75
- Dividend per Share (₹)
- 16.00
- Cash EPS (₹)
- 104.40
- Operating Margin %
- 21.22%
- Net Margin %
- 11.46%
- ROE %
- 11.65%
- ROCE %
- 12.38%
- 7.44%
- Debtor Days
- 49
- Inventory Days
- 60
- Payable Days
- 58
- 52
- Debt to Equity (x)
- 0.37x
- Interest Coverage (x)
- 13.28x
- 1.01x
- Revenue Growth %
- 3.60%
- Operating Profit Growth %
- -14.82%
- Net Profit Growth %
- -24.89%
- -24.89%
- P/E (x)
- 32.38x
- P/B (x)
- 3.67x
- Dividend Yield %
- 0.77%
- 17.35x
Documents
Announcements
- Committee Meeting Updates
2026-08-18 - Balkrishna Industries Limited has informed the Exchange regarding Outcome of Committee Meeting held on August 18, 2026.
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-05 - Balkrishna Industries Limited has informed the Exchange about Transcript
Annual Reports
Credit Ratings
- Credit Rating
2026-03-04 - Balkrishna Industries Limited has informed the Exchange about Credit Rating
- Credit Rating
2026-02-28 - Balkrishna Industries Limited has informed the Exchange about Credit Rating
- Credit Rating
2026-02-28 - Balkrishna Industries Limited has informed the Exchange about Credit Rating
Concalls
Aug 2026
Jul 2026
May 2026