Balkrishna Industries Ltd’s fundamental analysis reveals key financial metrics: Market Cap of ₹61,002.21 crore, PE Ratio of 41.46, Debt to Equity of 35.01, and Return on Equity of 17.93%. These indicators offer insights into the company’s financial health and market valuation.
Content:
- Balkrishna Industries Ltd Overview
- Balkrishna Industries Financial Results
- Balkrishna Industries Financial Analysis
- Balkrishna Industries Ltd Company Metrics
- Balkrishna Industries Ltd Stock Performance
- Balkrishna Industries Ltd Peer Comparison
- Balkrishna Industries Shareholding Pattern
- Balkrishna Industries History
- How To Invest In Balkrishna Industries Ltd Share?
- Balkrishna Industries Limited Fundamental Analysis – FAQs
Balkrishna Industries Ltd Overview
Balkrishna Industries Ltd is an Indian company engaged in manufacturing and selling off-highway tires (OHT) for specialist segments. It operates in the automotive components sector, focusing on agricultural, industrial, construction, and other specialized vehicle applications.
The company is listed on both the NSE and BSE. With a market capitalization of ₹61,002.21 crore, it’s currently 6.95% away from its 52-week high and 43.84% away from its 52-week low.
Balkrishna Industries Financial Results
BSE Ltd’s financial performance in FY 24 shows a stable income with slight variations compared to FY 23. Sales dropped to ₹9,369 crores from ₹9,760 crores, while net profit increased to ₹1,471 crores from ₹1,057 Crores.
1. Revenue Trend: Sales decreased to ₹9,369 crores in FY 24 from ₹9,760 crores in FY 23, reflecting a slight decline in revenue over the year.
2. Equity and Liabilities: Total liabilities rose to ₹13,685 crores in FY 24 from ₹12,348 crores in FY 23. Equity capital remained stable at ₹38.66 crores, and reserves grew to ₹8,815 Crores.
3. Profitability: Operating profit increased to ₹2,255 crores in FY 24 from ₹1,707 crores in FY 23, with an OPM of 24%, indicating improved profitability.
4. Earnings per Share (EPS): EPS rose to ₹76.12 in FY 24 from ₹54.70 in FY 23, showing stronger profitability per share.
5. Return on Net Worth (RoNW): RoNW improved due to higher profits, with net profit increasing to ₹1,471 crores in FY 24 from ₹1,057 crores in FY 23.
6. Financial Position: Total assets increased to ₹13,685 crores in FY 24 from ₹12,348 crores in FY 23, indicating a stronger financial position.
Balkrishna Industries Financial Analysis
| FY 24 | FY 23 | FY 22 | |
| Sales | 9,369 | 9,760 | 8,295 |
| Expenses | 7,114 | 8,052 | 6,286 |
| Operating Profit | 2,255 | 1,707 | 2,009 |
| OPM % | 24 | 17 | 24 |
| Other Income | 449 | 347 | 438 |
| EBITDA | 2,705 | 2,054 | 2,447 |
| Interest | 113 | 48 | 9 |
| Depreciation | 651 | 571 | 455 |
| Profit Before Tax | 1,941 | 1,435 | 1,982 |
| Tax % | 24 | 26 | 28 |
| Net Profit | 1,471 | 1,057 | 1,435 |
| EPS | 76.12 | 54.7 | 74.25 |
| Dividend Payout % | 21.02 | 29.25 | 37.71 |
* Consolidated Figures in Rs. Crores
Balkrishna Industries Ltd Company Metrics
Balkrishna Industries Ltd’s company metrics include a market capitalization of ₹61,002.21 crore, a book value per share of ₹458 per share, and a face value of ₹2. With a debt-to-equity ratio of 35.01, a return on equity of 17.93%, and a 0.51% dividend yield, these figures underscore the company’s financial position and investment profile.
Market Capitalization:
Market Capitalization represents the total market value of Balkrishna Industries’ outstanding shares, amounting to ₹61,002.21 crore.
Book Value:
The book value per share of Balkrishna Industries Ltd is ₹458 indicating the value of the company’s net assets divided by its shares outstanding.
Face Value:
The face value of Balkrishna Industries’ shares is ₹2, which is the original cost of the shares as stated on the certificate.
Asset Turnover Ratio:
The asset turnover ratio of 0.75 measures how efficiently Balkrishna Industries uses its assets to generate revenue.
Total Debt:
The total debt of ₹3,099.44 crore represents the sum of all short-term and long-term debt obligations of Balkrishna Industries.
Return on Equity (ROE):
The ROE of 17.93% measures Balkrishna Industries’ profitability in generating income from its equity investments.
EBITDA (Q):
The quarterly EBITDA of ₹851.86 crore represents Balkrishna Industries’ earnings before interest, taxes, depreciation, and amortization.
Dividend Yield:
The dividend yield of 0.51% shows the annual dividend payment as a percentage of Balkrishna Industries’ current share price, indicating the return on investment from dividends alone.
Balkrishna Industries Ltd Stock Performance
Balkrishna Industries Ltd has shown returns of 17.4% in one year, 6.65% over three years, and 30.5% over five years. These returns indicate the company’s consistent performance and growth potential for long-term investors.
| Period | Return on Investment (%) |
| 1 Year | 17.4 |
| 3 Years | 6.65 |
| 5 Years | 30.5 |
Example: If an investor had invested ₹1,000 in the stock:
1 year ago, their investment would be worth ₹1,174.
3 years ago, their investment would have grown to ₹1,066.50.
5 years ago, their investment would have increased to approximately ₹1,305.
Balkrishna Industries Ltd Peer Comparison
Balkrishna Industries Ltd shows strong performance with a market cap of ₹53,743 Crores and a P/E ratio of 41.46. Its ROE is 18%, and EPS is ₹84, with a one-year return of 17%. Other peers include MRF, Apollo Tyres, CEAT, JK Tyre & Industries, TVS Srichakra, and Goodyear India.
| Name | CMP Rs. | Mar Cap Rs.Cr. | P/E | ROE % | EPS 12M Rs. | 1Yr return % | ROCE % | Div Yld % |
| MRF | 1,37,488 | 58,303 | 28 | 13 | 4,865 | 29 | 16 | 0.15 |
| Balkrishna Inds | 2,781 | 53,743 | 42 | 18 | 84 | 17 | 18 | 0.58 |
| Apollo Tyres | 485 | 30,853 | 18 | 13 | 26 | 22 | 16.45 | 1.24 |
| CEAT | 2,617 | 10,586 | 16 | 18 | 161 | 15.95 | 20.42 | 1.15 |
| JK Tyre & Indust | 399 | 10,404 | 12 | 21 | 33 | 50 | 19 | 1.13 |
| TVS Srichakra | 4,122 | 3,158 | 32 | 11 | 122 | 42 | 10.94 | 0.78 |
| Goodyear India | 1,177 | 2,715 | 29 | 16 | 41 | -13 | 21.98 | 1.27 |
Balkrishna Industries Shareholding Pattern
Balkrishna Industries Ltd shareholding pattern for Jun-24 shows Promoters holding at 58.29%, FII at 12.61%, DII at 22.43%, and Retail & others at 6.66%. In Mar-24, Promoters held 58.29%, FII 12.24%, DII 22.07%, and Retail & others 7.39%.
| All values in % | Jun-24 | Mar-24 | Dec-23 |
| Promoters | 58.29 | 58.29 | 58 |
| FII | 12.61 | 12.24 | 12.69 |
| DII | 22.43 | 22.07 | 21.42 |
| Retail & others | 6.66 | 7.39 | 7.59 |
Balkrishna Industries History
Balkrishna Industries Limited is an India-based company specializing in the manufacture and sale of off-highway tires (OHT) for specialist segments. Its product range caters to diverse applications including agricultural, industrial, construction, earthmovers, port operations, mining, forestry, lawn and garden, and all-terrain vehicles (ATV).
The company’s agricultural tire portfolio supports various equipment such as tractors, harvesters, implements, telehandlers, and agro trucks. In the industrial sector, Balkrishna Industries produces tires for compactors, container handlers, forklifts, and various types of cranes, among others.
Balkrishna Industries also serves the off-the-road (OTR) market with tires for articulated dump trucks, rigid dump trucks, load haul dump vehicles, and underground mining equipment. This diverse product range demonstrates the company’s commitment to serving multiple specialized segments within the OHT market.
How To Invest In Balkrishna Industries Ltd Share?
To invest in Balkrishna Industries shares, open a demat account with Alice Blue. Research the company’s fundamentals, financial performance, and market position in the off-highway tire industry. Analyze historical stock data and compare it with industry peers.
Determine your investment strategy based on your financial goals and risk tolerance. Consider factors such as the company’s growth prospects, market share, and global demand for off-highway tires. Decide on the investment amount and timing.
Place your order through the broker’s platform. Regularly monitor your investment, staying updated on company news, quarterly results, and industry trends. Consider seeking advice from a financial advisor for personalized guidance and to ensure your investment aligns with your overall portfolio strategy.
Balkrishna Industries Limited Fundamental Analysis – FAQs
Balkrishna Industries Ltd’s fundamental analysis reveals a Market Cap of ₹61,002.21 crore, PE Ratio of 41.46, Debt to Equity of 35.01, and Return on Equity of 17.93%. These metrics provide insights into the company’s financial health, profitability, and market valuation.
Balkrishna Industries’ market capitalization is ₹61,002.21 crore. This figure represents the total value of the company’s outstanding shares in the stock market, calculated by multiplying the current stock price by the number of outstanding shares.
Balkrishna Industries Limited is an Indian company specializing in manufacturing and selling off-highway tires (OHT). It caters to various sectors including agriculture, construction, mining, and industrial applications, producing tires for specialized vehicles and equipment used in these industries.
Balkrishna Industries is a public limited company, owned by its shareholders. The Poddar family, particularly Arvind Poddar, holds a significant stake and plays a key role in the company’s management. However, as a listed entity, ownership is distributed among various investors.
The main shareholders of Balkrishna Industries Ltd typically include the promoter group (Poddar family), domestic and foreign institutional investors, and public shareholders. For the most current and accurate information on major shareholders, refer to the company’s latest shareholding pattern disclosure.
Balkrishna Industries operates in the automotive components industry, specifically in the off-highway tire (OHT) sector. It manufactures tires for specialized vehicles used in agriculture, construction, mining, and other industrial applications, catering to both domestic and international markets.
To invest in Balkrishna Industries shares, open a demat account with Alice Blue. Research the company’s performance and industry trends. Decide on your investment strategy. Place your order through the broker’s platform. Regularly monitor your investment, staying informed about market conditions. Consider seeking financial advice for personalized guidance.
Determining if Balkrishna Industries is overvalued or undervalued requires analyzing its financials, growth prospects, industry position, and peer comparison. Consider factors like PE ratio, market share, and future potential. Consult recent analyst reports for expert opinions on the company’s valuation.
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