Balkrishna Industries Ltd.
•₹ 2,350.8-1.14%
2026-08-21
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 7.8
* 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 | 133965.20 | 23.53 | 56816.56 | 0.18 | 495.35 | -1.02 | 8415.50 | 9.64 | 16.04 | 11.77 |
| 2. | BALKRISIND | 2376.75 | 32.69 | 45946.66 | 0.67 | 450.77 | 56.35 | 3455.27 | 25.19 | 12.38 | 21.54 |
| 3. | APOLLOTYRE | 429.55 | 15.97 | 27280.76 | 1.40 | 348.87 | 2609.05 | 7397.79 | 12.76 | 9.22 | 11.73 |
| 4. | CEATLTD | 3585.40 | 24.60 | 14502.98 | 0.98 | 4.00 | -96.44 | 4318.00 | 22.34 | 18.60 | 8.57 |
| 5. | JKTYRE | 373.80 | 16.55 | 10776.26 | 1.07 | 44.09 | -73.01 | 3946.24 | 2.00 | 14.30 | 6.58 |
| 6. | TVSSRICHAK | 4922.80 | 40.81 | 3769.41 | 0.77 | 34.02 | 165.16 | 1067.61 | 30.29 | 4.80 | 7.57 |
| 7. | GOODYEAR | 761.60 | 0.00 | 1756.75 | 3.48 | 6.51 | -53.86 | 774.35 | 18.00 | 14.67 | 1.30 |
| 8. | TOLINS | 96.90 | 11.75 | 382.84 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 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 |
| 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 | 17 | 16 | 25 | 25 | 18 | 23 | 19 | 15 | 14 | 19 | 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
- 2,120
- 1,639
- Operating Profit
- —
- OPM %
- —
- Other Income
- 104
- Interest
- 21
- Depreciation
- 154
- 411
- Tax %
- 23.94%
- Net Profit
- 312
- 16
- Equity Capital
- 39
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 39
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 2,226
- 1,707
- Operating Profit
- —
- OPM %
- —
- Other Income
- 107
- Interest
- 23
- Depreciation
- 159
- 444
- Tax %
- 24.43%
- Net Profit
- 335
- 17
- Equity Capital
- 39
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 39
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 2,280
- 1,741
- Operating Profit
- —
- OPM %
- —
- Other Income
- 66
- Interest
- 35
- Depreciation
- 159
- 411
- Tax %
- 24.81%
- Net Profit
- 309
- 16
- Equity Capital
- 39
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 39
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 2,673
- 2,008
- Operating Profit
- —
- OPM %
- —
- Other Income
- 171
- Interest
- 30
- Depreciation
- 172
- 634
- Tax %
- 24.11%
- Net Profit
- 481
- 25
- Equity Capital
- 39
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 39
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 2,690
- 2,039
- Operating Profit
- —
- OPM %
- —
- Other Income
- 159
- Interest
- 21
- Depreciation
- 162
- 627
- Tax %
- 23.83%
- Net Profit
- 477
- 25
- Equity Capital
- 39
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 39
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 2,436
- 1,856
- Operating Profit
- —
- OPM %
- —
- Other Income
- 90
- Interest
- 40
- Depreciation
- 165
- 465
- Tax %
- 24.87%
- Net Profit
- 350
- 18
- Equity Capital
- 39
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 39
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 2,541
- 1,953
- Operating Profit
- —
- OPM %
- —
- Other Income
- 187
- Interest
- 15
- Depreciation
- 171
- 589
- Tax %
- 25.40%
- Net Profit
- 439
- 23
- Equity Capital
- 39
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 39
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 2,747
- 2,145
- Operating Profit
- —
- OPM %
- —
- Other Income
- 99
- Interest
- 49
- Depreciation
- 176
- 475
- Tax %
- 23.83%
- Net Profit
- 362
- 19
- Equity Capital
- 39
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 39
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 2,760
- 2,257
- Operating Profit
- —
- OPM %
- —
- Other Income
- 104
- Interest
- 30
- Depreciation
- 186
- 391
- Tax %
- 26.61%
- Net Profit
- 287
- 15
- Equity Capital
- 39
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 39
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 2,389
- 1,890
- Operating Profit
- —
- OPM %
- —
- Other Income
- 71
- Interest
- 32
- Depreciation
- 190
- 347
- Tax %
- 23.78%
- Net Profit
- 265
- 14
- Equity Capital
- 39
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 39
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 2,730
- 2,098
- Operating Profit
- —
- OPM %
- —
- Other Income
- 77
- Interest
- 33
- Depreciation
- 192
- 483
- Tax %
- 22.43%
- Net Profit
- 375
- 19
- Equity Capital
- 39
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 39
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 2,941
- 2,312
- Operating Profit
- —
- OPM %
- —
- Other Income
- -4
- Interest
- 35
- Depreciation
- 196
- 395
- Tax %
- 25.29%
- Net Profit
- 295
- 15
- Equity Capital
- 39
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 39
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 3,445
- 2,961
- Operating Profit
- —
- OPM %
- —
- Other Income
- 98
- Interest
- 36
- Depreciation
- 203
- 582
- Tax %
- 25.75%
- Net Profit
- 432
- 2
- Equity Capital
- 39
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 39
- Reserves
- 0
- Promoter Pledge %
- 0.00%
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 | 1,382 | 1,444 | 1,527 | 1,500 | 1,947 | 2,406 | 2,054 | 2,652 | 2,955 | 2,512 | — |
| OPM % | 37 | 32 | 29 | 31 | 34 | 29 | 21 | 29 | 28 | 23 | — |
| Other Income | 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 |
| 1,056 | 1,118 | 1,183 | 1,123 | 1,531 | 1,954 | 1,451 | 1,899 | 2,156 | 1,617 | 1,808 | |
| Tax % | 32 | 34 | 34 | 16 | 25 | 28 | 26 | 24 | 24 | 24 | 24 |
| Net Profit | 716 | 739 | 782 | 945 | 1,155 | 1,411 | 1,079 | 1,438 | 1,628 | 1,222 | 1,367 |
| EPS | 37 | 38 | 40 | 49 | 60 | 73 | 56 | 74 | 84 | 63 | — |
| Dividend Payout % | 11 | 21 | 20 | 41 | 28 | 38 | 29 | 22 | 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 | 49 | 60 | 73 | 56 | 74 | 84 | 63 | — |
| 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 | 49 | 60 | 73 | 56 | 74 | 84 | 63 | — |
Mar 2017
- 3,728
- 2,596
- Operating Profit
- 1,382
- OPM %
- 37
- Other Income
- 250
- Interest
- 21
- Depreciation
- 304
- 1,056
- Tax %
- 32
- Net Profit
- 716
- EPS
- 37
- 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
- 4,447
- 3,340
- Operating Profit
- 1,444
- OPM %
- 32
- Other Income
- 336
- Interest
- 14
- Depreciation
- 311
- 1,118
- Tax %
- 34
- Net Profit
- 739
- 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
- 5,244
- 3,932
- Operating Profit
- 1,527
- OPM %
- 29
- Other Income
- 214
- Interest
- 11
- Depreciation
- 333
- 1,183
- Tax %
- 34
- Net Profit
- 782
- 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
- 4,782
- 3,648
- Operating Profit
- 1,500
- OPM %
- 31
- Other Income
- 366
- Interest
- 9
- Depreciation
- 368
- 1,123
- Tax %
- 16
- Net Profit
- 945
- EPS
- 49
- Dividend Payout %
- 41
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 49
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 49
Mar 2021
- 5,758
- 3,972
- Operating Profit
- 1,947
- OPM %
- 34
- Other Income
- 161
- Interest
- 10
- Depreciation
- 406
- 1,531
- Tax %
- 25
- Net Profit
- 1,155
- EPS
- 60
- Dividend Payout %
- 28
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 60
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 60
Mar 2022
- 8,267
- 6,291
- Operating Profit
- 2,406
- OPM %
- 29
- Other Income
- 431
- Interest
- 8
- Depreciation
- 444
- 1,954
- Tax %
- 28
- Net Profit
- 1,411
- EPS
- 73
- Dividend Payout %
- 38
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 73
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 73
Mar 2023
- 9,811
- 8,112
- Operating Profit
- 2,054
- OPM %
- 21
- Other Income
- 355
- Interest
- 46
- Depreciation
- 557
- 1,451
- Tax %
- 26
- Net Profit
- 1,079
- EPS
- 56
- Dividend Payout %
- 29
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 56
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 56
Mar 2024
- 9,299
- 7,094
- Operating Profit
- 2,652
- OPM %
- 29
- Other Income
- 448
- Interest
- 110
- Depreciation
- 644
- 1,899
- Tax %
- 24
- Net Profit
- 1,438
- EPS
- 74
- Dividend Payout %
- 22
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 74
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 74
Mar 2025
- 10,413
- 7,992
- Operating Profit
- 2,955
- OPM %
- 28
- Other Income
- 535
- Interest
- 125
- Depreciation
- 674
- 2,156
- Tax %
- 24
- Net Profit
- 1,628
- EPS
- 84
- Dividend Payout %
- 19
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 84
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 84
Mar 2026
- 10,820
- 8,556
- Operating Profit
- 2,512
- OPM %
- 23
- Other Income
- 248
- Interest
- 131
- Depreciation
- 764
- 1,617
- Tax %
- 24
- Net Profit
- 1,222
- EPS
- 63
- Dividend Payout %
- 25
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 63
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 63
TTM
- 11,504
- 9,261
- Operating Profit
- —
- OPM %
- —
- Other Income
- 242
- Interest
- 137
- Depreciation
- 781
- 1,808
- Tax %
- 24
- Net Profit
- 1,367
- 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:
- 3%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 11%
- 5 Years:
- 1%
- 3 Years:
- 4%
STOCK PRICE CAGR
- 10 Years:
- 20%
- 5 Years:
- 1%
- 3 Years:
- 0%
- 1 Year:
- -3%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| 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 | |
| 548 | 616 | 827 | 859 | 892 | 1,941 | 2,215 | 2,345 | 2,640 | 2,725 | |
| Trade Payables | 363 | 397 | 357 | 361 | 633 | 808 | 487 | 791 | 746 | 918 |
| 1,293 | 736 | 567 | 483 | 507 | 1,184 | 1,981 | 1,607 | 1,790 | 3,103 | |
| Total Liabilities | 5,756 | 5,845 | 6,430 | 6,731 | 8,040 | 10,857 | 12,272 | 13,605 | 15,560 | 17,713 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 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 |
| Total Debt | 1,361 | 835 | 830 | 862 | 894 | 2,443 | 3,254 | 3,037 | 3,212 | 4,049 |
| Net Working Capital | 107 | 595 | 1,053 | 412 | 618 | 677 | 636 | 1,012 | 1,356 | 103 |
| Contingent Liabilities | 1,386 | 650 | 1,033 | 741 | 786 | 1,162 | 944 | 770 | 784 | 914 |
| Book Value per Share | 367.43 | 211.86 | 242.04 | 260.12 | 310.77 | 358.23 | 392.61 | 458.45 | 537.19 | 567.32 |
| Face Value | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
| Total Debt | 1,361 | 835 | 830 | 862 | 894 | 2,443 | 3,254 | 3,037 | 3,212 | 4,049 |
| Net Working Capital | 107 | 595 | 1,053 | 412 | 618 | 677 | 636 | 1,012 | 1,356 | 103 |
| Contingent Liabilities | 1,386 | 650 | 1,033 | 741 | 786 | 1,162 | 944 | 770 | 784 | 914 |
| Book Value per Share | 367.43 | 211.86 | 242.04 | 260.12 | 310.77 | 358.23 | 392.61 | 458.45 | 537.19 | 567.32 |
| 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
- 3,532
- 548
- Trade Payables
- 363
- 1,293
- Total Liabilities
- 5,756
- 2,797
- Capital Work in Progress
- 110
- 1,350
- 460
- 0
- Cash & Bank
- 14
- 1,026
- Total Assets
- 5,756
- Total Debt
- 1,361
- Net Working Capital
- 107
- Contingent Liabilities
- 1,386
- Book Value per Share
- 367.43
- Face Value
- 2.00
- Total Debt
- 1,361
- Net Working Capital
- 107
- Contingent Liabilities
- 1,386
- Book Value per Share
- 367.43
- Face Value
- 2.00
Mar 2018
- Equity Capital
- 39
- 4,057
- 616
- Trade Payables
- 397
- 736
- Total Liabilities
- 5,845
- 2,771
- Capital Work in Progress
- 118
- 1,103
- 594
- 0
- Cash & Bank
- 25
- 1,234
- Total Assets
- 5,845
- Total Debt
- 835
- Net Working Capital
- 595
- Contingent Liabilities
- 650
- Book Value per Share
- 211.86
- Face Value
- 2.00
- Total Debt
- 835
- Net Working Capital
- 595
- Contingent Liabilities
- 650
- Book Value per Share
- 211.86
- Face Value
- 2.00
Mar 2019
- Equity Capital
- 39
- 4,640
- 827
- Trade Payables
- 357
- 567
- Total Liabilities
- 6,430
- 2,709
- Capital Work in Progress
- 585
- 1,083
- 713
- 0
- Cash & Bank
- 56
- 1,284
- Total Assets
- 6,430
- Total Debt
- 830
- Net Working Capital
- 1,053
- Contingent Liabilities
- 1,033
- Book Value per Share
- 242.04
- Face Value
- 2.00
- Total Debt
- 830
- Net Working Capital
- 1,053
- Contingent Liabilities
- 1,033
- Book Value per Share
- 242.04
- Face Value
- 2.00
Mar 2020
- Equity Capital
- 39
- 4,989
- 859
- Trade Payables
- 361
- 483
- Total Liabilities
- 6,731
- 3,191
- Capital Work in Progress
- 586
- 1,063
- 580
- 0
- Cash & Bank
- 46
- 1,265
- Total Assets
- 6,731
- Total Debt
- 862
- Net Working Capital
- 412
- Contingent Liabilities
- 741
- Book Value per Share
- 260.12
- Face Value
- 2.00
- Total Debt
- 862
- Net Working Capital
- 412
- Contingent Liabilities
- 741
- Book Value per Share
- 260.12
- Face Value
- 2.00
Mar 2021
- Equity Capital
- 39
- 5,969
- 892
- Trade Payables
- 633
- 507
- Total Liabilities
- 8,040
- 3,248
- Capital Work in Progress
- 856
- 1,418
- 909
- 0
- Cash & Bank
- 54
- 1,555
- Total Assets
- 8,040
- Total Debt
- 894
- Net Working Capital
- 618
- Contingent Liabilities
- 786
- Book Value per Share
- 310.77
- Face Value
- 2.00
- Total Debt
- 894
- Net Working Capital
- 618
- Contingent Liabilities
- 786
- Book Value per Share
- 310.77
- Face Value
- 2.00
Mar 2022
- Equity Capital
- 39
- 6,886
- 1,941
- Trade Payables
- 808
- 1,184
- Total Liabilities
- 10,857
- 3,907
- Capital Work in Progress
- 1,258
- 1,897
- 1,639
- 1,098
- Cash & Bank
- 35
- 1,022
- Total Assets
- 10,857
- Total Debt
- 2,443
- Net Working Capital
- 677
- Contingent Liabilities
- 1,162
- Book Value per Share
- 358.23
- Face Value
- 2.00
- Total Debt
- 2,443
- Net Working Capital
- 677
- Contingent Liabilities
- 1,162
- Book Value per Share
- 358.23
- Face Value
- 2.00
Mar 2023
- Equity Capital
- 39
- 7,550
- 2,215
- Trade Payables
- 487
- 1,981
- Total Liabilities
- 12,272
- 5,278
- Capital Work in Progress
- 1,392
- 2,037
- 1,592
- 0
- Cash & Bank
- 38
- 1,935
- Total Assets
- 12,272
- Total Debt
- 3,254
- Net Working Capital
- 636
- Contingent Liabilities
- 944
- Book Value per Share
- 392.61
- Face Value
- 2.00
- Total Debt
- 3,254
- Net Working Capital
- 636
- Contingent Liabilities
- 944
- Book Value per Share
- 392.61
- Face Value
- 2.00
Mar 2024
- Equity Capital
- 39
- 8,823
- 2,345
- Trade Payables
- 791
- 1,607
- Total Liabilities
- 13,605
- 6,220
- Capital Work in Progress
- 944
- 2,686
- 1,271
- 1,543
- Cash & Bank
- 53
- 888
- Total Assets
- 13,605
- Total Debt
- 3,037
- Net Working Capital
- 1,012
- Contingent Liabilities
- 770
- Book Value per Share
- 458.45
- Face Value
- 2.00
- Total Debt
- 3,037
- Net Working Capital
- 1,012
- Contingent Liabilities
- 770
- Book Value per Share
- 458.45
- Face Value
- 2.00
Mar 2025
- Equity Capital
- 39
- 10,345
- 2,640
- Trade Payables
- 746
- 1,790
- Total Liabilities
- 15,560
- 6,852
- Capital Work in Progress
- 985
- 3,265
- 1,716
- 1,611
- Cash & Bank
- 63
- 1,068
- Total Assets
- 15,560
- Total Debt
- 3,212
- Net Working Capital
- 1,356
- Contingent Liabilities
- 784
- Book Value per Share
- 537.19
- Face Value
- 2.00
- Total Debt
- 3,212
- Net Working Capital
- 1,356
- Contingent Liabilities
- 784
- Book Value per Share
- 537.19
- Face Value
- 2.00
Mar 2026
- Equity Capital
- 39
- 10,928
- 2,725
- Trade Payables
- 918
- 3,103
- Total Liabilities
- 17,713
- 7,318
- Capital Work in Progress
- 2,472
- 3,125
- 1,714
- 1,622
- Cash & Bank
- 30
- 1,431
- Total Assets
- 17,713
- Total Debt
- 4,049
- Net Working Capital
- 103
- Contingent Liabilities
- 914
- Book Value per Share
- 567.32
- Face Value
- 2.00
- Total Debt
- 4,049
- Net Working Capital
- 103
- Contingent Liabilities
- 914
- Book Value per Share
- 567.32
- Face Value
- 2.00
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 842 | 753 | 813 | 1,164 | 1,363 | 881 | 1,414 | 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 | |
| Free Cash Flow | 721 | 463 | 77 | 315 | 633 | -623 | -620 | 920 | 416 | -500 |
| OCF / Net Profit | 1.18 | 1.02 | 1.04 | 1.23 | 1.18 | 0.62 | 1.31 | 1.43 | 1.08 | 1.82 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 2,209 | 866 | -218 | 626 | 726 | -407 |
| OCF / Net Profit | 1.18 | 1.02 | 1.04 | 1.23 | 1.18 | 0.62 | 1.31 | 1.43 | 1.08 | 1.82 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 2,209 | 866 | -218 | 626 | 726 | -407 |
Mar 2017
- 842
- Cash from Investing
- -534
- Cash from Financing
- -616
- -308
- Free Cash Flow
- 721
- OCF / Net Profit
- 1.18
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.18
- Cumulative 5-Year FCF
- 0
Mar 2018
- 753
- Cash from Investing
- -92
- Cash from Financing
- -655
- 6
- Free Cash Flow
- 463
- OCF / Net Profit
- 1.02
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.02
- Cumulative 5-Year FCF
- 0
Mar 2019
- 813
- Cash from Investing
- -621
- Cash from Financing
- -173
- 19
- Free Cash Flow
- 77
- OCF / Net Profit
- 1.04
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.04
- Cumulative 5-Year FCF
- 0
Mar 2020
- 1,164
- Cash from Investing
- -656
- Cash from Financing
- -521
- -13
- Free Cash Flow
- 315
- OCF / Net Profit
- 1.23
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.23
- Cumulative 5-Year FCF
- 0
Mar 2021
- 1,363
- Cash from Investing
- -1,159
- Cash from Financing
- -194
- 10
- Free Cash Flow
- 633
- OCF / Net Profit
- 1.18
- Cumulative 5-Year FCF
- 2,209
- OCF / Net Profit
- 1.18
- Cumulative 5-Year FCF
- 2,209
Mar 2022
- 881
- Cash from Investing
- -1,889
- Cash from Financing
- 1,003
- -5
- Free Cash Flow
- -623
- OCF / Net Profit
- 0.62
- Cumulative 5-Year FCF
- 866
- OCF / Net Profit
- 0.62
- Cumulative 5-Year FCF
- 866
Mar 2023
- 1,414
- Cash from Investing
- -1,772
- Cash from Financing
- 359
- 1
- Free Cash Flow
- -620
- OCF / Net Profit
- 1.31
- Cumulative 5-Year FCF
- -218
- OCF / Net Profit
- 1.31
- Cumulative 5-Year FCF
- -218
Mar 2024
- 2,052
- Cash from Investing
- -1,468
- Cash from Financing
- -568
- 17
- Free Cash Flow
- 920
- OCF / Net Profit
- 1.43
- Cumulative 5-Year FCF
- 626
- OCF / Net Profit
- 1.43
- Cumulative 5-Year FCF
- 626
Mar 2025
- 1,753
- Cash from Investing
- -1,477
- Cash from Financing
- -268
- 9
- Free Cash Flow
- 416
- OCF / Net Profit
- 1.08
- Cumulative 5-Year FCF
- 726
- OCF / Net Profit
- 1.08
- Cumulative 5-Year FCF
- 726
Mar 2026
- 2,224
- Cash from Investing
- -2,504
- Cash from Financing
- 251
- -30
- Free Cash Flow
- -500
- OCF / Net Profit
- 1.82
- Cumulative 5-Year FCF
- -407
- OCF / Net Profit
- 1.82
- Cumulative 5-Year FCF
- -407
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 74.04 | 38.24 | 40.46 | 48.89 | 59.77 | 72.98 | 55.80 | 74.37 | 84.24 | 63.21 |
| Book Value (₹) | 367.43 | 211.86 | 242.04 | 260.12 | 310.77 | 358.23 | 392.61 | 458.45 | 537.19 | 567.32 |
| 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 (₹) | 52.74 | 54.35 | 57.66 | 67.92 | 80.78 | 95.94 | 84.60 | 107.68 | 119.08 | 102.73 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 36.50% | 32.33% | 29.11% | 31.36% | 33.80% | 23.89% | 20.92% | 23.65% | 23.22% | 20.88% |
| Net Margin % | 18.91% | 16.55% | 14.91% | 19.76% | 20.06% | 17.05% | 10.99% | 15.42% | 15.62% | 11.27% |
| ROE % | 22.60% | 19.34% | 17.83% | 19.47% | 20.94% | 21.82% | 14.86% | 17.48% | 16.92% | 11.45% |
| ROCE % | 22.51% | 23.01% | 22.88% | 19.86% | 24.10% | 24.13% | 14.82% | 17.66% | 17.90% | 12.22% |
| 12.85% | 12.75% | 12.74% | 14.36% | 15.64% | 14.93% | 9.33% | 11.11% | 11.17% | 7.34% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 38 | 37 | 37 | 46 | 44 | 40 | 44 | 55 | 55 | 54 |
| Inventory Days | 41 | 43 | 45 | 49 | 47 | 56 | 60 | 56 | 52 | 58 |
| Payable Days | 81 | 65 | 56 | 62 | 79 | 70 | 48 | 52 | 55 | 58 |
| -2 | 16 | 27 | 34 | 12 | 27 | 56 | 59 | 52 | 54 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.38x | 0.20x | 0.18x | 0.17x | 0.15x | 0.35x | 0.43x | 0.34x | 0.31x | 0.37x |
| Interest Coverage (x) | 50.27x | 80.78x | 107.58x | 123.58x | 151.10x | 243.49x | 32.60x | 18.34x | 18.20x | 13.35x |
| 1.07x | 1.43x | 1.76x | 1.28x | 1.35x | 1.22x | 1.20x | 1.28x | 1.33x | 1.02x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 15.68% | 19.30% | 17.93% | -8.81% | 20.40% | 43.57% | 18.68% | -5.22% | 11.98% | 3.91% |
| Operating Profit Growth % | 39.91% | 4.51% | 5.74% | -1.75% | 29.82% | 23.57% | -14.65% | 29.15% | 11.42% | -15.01% |
| Net Profit Growth % | 63.16% | 3.31% | 5.78% | 20.84% | 22.27% | 22.10% | -23.53% | 33.27% | 13.27% | -24.96% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 22.10% | 0.00% | 33.27% | 13.27% | -24.96% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 29.30x | 0.00x | 31.17x | 30.26x | 32.95x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 5.97x | 0.00x | 5.06x | 4.75x | 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 | 18.18x | 0.00x | 18.02x | 17.74x | 17.63x |
Mar 2017
- EPS (₹)
- 74.04
- Book Value (₹)
- 367.43
- Dividend per Share (₹)
- 8.00
- Cash EPS (₹)
- 52.74
- Operating Margin %
- 36.50%
- Net Margin %
- 18.91%
- ROE %
- 22.60%
- ROCE %
- 22.51%
- 12.85%
- Debtor Days
- 38
- Inventory Days
- 41
- Payable Days
- 81
- -2
- Debt to Equity (x)
- 0.38x
- Interest Coverage (x)
- 50.27x
- 1.07x
- Revenue Growth %
- 15.68%
- Operating Profit Growth %
- 39.91%
- Net Profit Growth %
- 63.16%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 38.24
- Book Value (₹)
- 211.86
- Dividend per Share (₹)
- 8.00
- Cash EPS (₹)
- 54.35
- Operating Margin %
- 32.33%
- Net Margin %
- 16.55%
- ROE %
- 19.34%
- ROCE %
- 23.01%
- 12.75%
- Debtor Days
- 37
- Inventory Days
- 43
- Payable Days
- 65
- 16
- Debt to Equity (x)
- 0.20x
- Interest Coverage (x)
- 80.78x
- 1.43x
- Revenue Growth %
- 19.30%
- Operating Profit Growth %
- 4.51%
- Net Profit Growth %
- 3.31%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 40.46
- Book Value (₹)
- 242.04
- Dividend per Share (₹)
- 8.00
- Cash EPS (₹)
- 57.66
- Operating Margin %
- 29.11%
- Net Margin %
- 14.91%
- ROE %
- 17.83%
- ROCE %
- 22.88%
- 12.74%
- Debtor Days
- 37
- Inventory Days
- 45
- Payable Days
- 56
- 27
- Debt to Equity (x)
- 0.18x
- Interest Coverage (x)
- 107.58x
- 1.76x
- Revenue Growth %
- 17.93%
- Operating Profit Growth %
- 5.74%
- Net Profit Growth %
- 5.78%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 48.89
- Book Value (₹)
- 260.12
- Dividend per Share (₹)
- 20.00
- Cash EPS (₹)
- 67.92
- Operating Margin %
- 31.36%
- Net Margin %
- 19.76%
- ROE %
- 19.47%
- ROCE %
- 19.86%
- 14.36%
- Debtor Days
- 46
- Inventory Days
- 49
- Payable Days
- 62
- 34
- Debt to Equity (x)
- 0.17x
- Interest Coverage (x)
- 123.58x
- 1.28x
- Revenue Growth %
- -8.81%
- Operating Profit Growth %
- -1.75%
- Net Profit Growth %
- 20.84%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 59.77
- Book Value (₹)
- 310.77
- Dividend per Share (₹)
- 17.00
- Cash EPS (₹)
- 80.78
- Operating Margin %
- 33.80%
- Net Margin %
- 20.06%
- ROE %
- 20.94%
- ROCE %
- 24.10%
- 15.64%
- Debtor Days
- 44
- Inventory Days
- 47
- Payable Days
- 79
- 12
- Debt to Equity (x)
- 0.15x
- Interest Coverage (x)
- 151.10x
- 1.35x
- Revenue Growth %
- 20.40%
- Operating Profit Growth %
- 29.82%
- Net Profit Growth %
- 22.27%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 72.98
- Book Value (₹)
- 358.23
- Dividend per Share (₹)
- 28.00
- Cash EPS (₹)
- 95.94
- Operating Margin %
- 23.89%
- Net Margin %
- 17.05%
- ROE %
- 21.82%
- ROCE %
- 24.13%
- 14.93%
- Debtor Days
- 40
- Inventory Days
- 56
- Payable Days
- 70
- 27
- Debt to Equity (x)
- 0.35x
- Interest Coverage (x)
- 243.49x
- 1.22x
- Revenue Growth %
- 43.57%
- Operating Profit Growth %
- 23.57%
- Net Profit Growth %
- 22.10%
- 22.10%
- P/E (x)
- 29.30x
- P/B (x)
- 5.97x
- Dividend Yield %
- 1.31%
- 18.18x
Mar 2023
- EPS (₹)
- 55.80
- Book Value (₹)
- 392.61
- Dividend per Share (₹)
- 16.00
- Cash EPS (₹)
- 84.60
- Operating Margin %
- 20.92%
- Net Margin %
- 10.99%
- ROE %
- 14.86%
- ROCE %
- 14.82%
- 9.33%
- Debtor Days
- 44
- Inventory Days
- 60
- Payable Days
- 48
- 56
- Debt to Equity (x)
- 0.43x
- Interest Coverage (x)
- 32.60x
- 1.20x
- Revenue Growth %
- 18.68%
- Operating Profit Growth %
- -14.65%
- Net Profit Growth %
- -23.53%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 74.37
- Book Value (₹)
- 458.45
- Dividend per Share (₹)
- 16.00
- Cash EPS (₹)
- 107.68
- Operating Margin %
- 23.65%
- Net Margin %
- 15.42%
- ROE %
- 17.48%
- ROCE %
- 17.66%
- 11.11%
- Debtor Days
- 55
- Inventory Days
- 56
- Payable Days
- 52
- 59
- Debt to Equity (x)
- 0.34x
- Interest Coverage (x)
- 18.34x
- 1.28x
- Revenue Growth %
- -5.22%
- Operating Profit Growth %
- 29.15%
- Net Profit Growth %
- 33.27%
- 33.27%
- P/E (x)
- 31.17x
- P/B (x)
- 5.06x
- Dividend Yield %
- 0.69%
- 18.02x
Mar 2025
- EPS (₹)
- 84.24
- Book Value (₹)
- 537.19
- Dividend per Share (₹)
- 16.00
- Cash EPS (₹)
- 119.08
- Operating Margin %
- 23.22%
- Net Margin %
- 15.62%
- ROE %
- 16.92%
- ROCE %
- 17.90%
- 11.17%
- Debtor Days
- 55
- Inventory Days
- 52
- Payable Days
- 55
- 52
- Debt to Equity (x)
- 0.31x
- Interest Coverage (x)
- 18.20x
- 1.33x
- Revenue Growth %
- 11.98%
- Operating Profit Growth %
- 11.42%
- Net Profit Growth %
- 13.27%
- 13.27%
- P/E (x)
- 30.26x
- P/B (x)
- 4.75x
- Dividend Yield %
- 0.63%
- 17.74x
Mar 2026
- EPS (₹)
- 63.21
- Book Value (₹)
- 567.32
- Dividend per Share (₹)
- 16.00
- Cash EPS (₹)
- 102.73
- Operating Margin %
- 20.88%
- Net Margin %
- 11.27%
- ROE %
- 11.45%
- ROCE %
- 12.22%
- 7.34%
- Debtor Days
- 54
- Inventory Days
- 58
- Payable Days
- 58
- 54
- Debt to Equity (x)
- 0.37x
- Interest Coverage (x)
- 13.35x
- 1.02x
- Revenue Growth %
- 3.91%
- Operating Profit Growth %
- -15.01%
- Net Profit Growth %
- -24.96%
- -24.96%
- P/E (x)
- 32.95x
- P/B (x)
- 3.67x
- Dividend Yield %
- 0.77%
- 17.63x
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