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5023

Balkrishna IndustriesBSE:502355 Stock Report

Market Cap

₹418.9b

7D

-6.3%

1Y

30.9%

Updated

27 Nov, 2021

Data

Company Financials +
502355 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth2/6
Past Performance4/6
Financial Health6/6
Dividends5/6

502355 Stock Overview

Balkrishna Industries Limited manufactures and sells tires worldwide.

Balkrishna Industries Competitors

MRF

BSE:500290

₹318.8b

Apollo Tyres

NSEI:APOLLOTYRE

₹134.2b

Bridgestone

TSE:5108

JP¥3.3t

Compagnie Générale des Établissements Michelin Société en commandite par actions

ENXTPA:ML

€22.9b

Price History & Performance

Summary of all time highs, changes and price drops for Balkrishna Industries
Historical stock prices
Current Share Price₹2,167.10
52 Week High₹2,724.40
52 Week Low₹1,515.35
Beta0.64
1 Month Change-13.19%
3 Month Change-5.39%
1 Year Change30.92%
3 Year Change126.00%
5 Year Change255.76%
Change since IPO37,050.40%

Recent News & Updates

Shareholder Returns

502355IN Auto ComponentsIN Market
7D-6.3%-5.1%-3.3%
1Y30.9%40.6%43.0%

Return vs Industry: 502355 underperformed the Indian Auto Components industry which returned 40.6% over the past year.

Return vs Market: 502355 underperformed the Indian Market which returned 43% over the past year.

Price Volatility

Is 502355's price volatile compared to industry and market?
502355 volatility
502355 Average Weekly Movement4.2%
Auto Components Industry Average Movement5.2%
Market Average Movement6.1%
10% most volatile stocks in IN Market9.1%
10% least volatile stocks in IN Market3.8%

Stable Share Price: 502355 is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 502355's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19612,861Arvind Kumar Poddarhttps://www.bkt-tires.com

Balkrishna Industries Limited manufactures and sells tires worldwide. The company offers rubber tires, tubes, and carbon black products. It provides off-highway tires for use in various applications, such as agricultural, industrial and construction, earthmoving and port, mining, forestry, lawn and garden, and all-terrain vehicles.

Balkrishna Industries Fundamentals Summary

How do Balkrishna Industries's earnings and revenue compare to its market cap?
502355 fundamental statistics
Market Cap₹418.94b
Earnings (TTM)₹14.27b
Revenue (TTM)₹71.38b

29.4x

P/E Ratio

5.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
502355 income statement (TTM)
Revenue₹71.38b
Cost of Revenue₹31.08b
Gross Profit₹40.30b
Expenses₹26.04b
Earnings₹14.27b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Feb 14, 2022

Earnings per share (EPS)73.80
Gross Margin56.46%
Net Profit Margin19.99%
Debt/Equity Ratio23.7%

How did 502355 perform over the long term?

See historical performance and comparison

Dividends

0.9%

Current Dividend Yield

24%

Payout Ratio

Valuation

Is Balkrishna Industries undervalued compared to its fair value and its price relative to the market?

29.37x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 502355 (₹2167.1) is trading above our estimate of fair value (₹1017.47)

Significantly Below Fair Value: 502355 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 502355 is poor value based on its PE Ratio (29.4x) compared to the Indian Auto Components industry average (19.3x).

PE vs Market: 502355 is poor value based on its PE Ratio (29.4x) compared to the Indian market (18.9x).


Price to Earnings Growth Ratio

PEG Ratio: 502355 is poor value based on its PEG Ratio (2.9x)


Price to Book Ratio

PB vs Industry: 502355 is overvalued based on its PB Ratio (6.4x) compared to the IN Auto Components industry average (2x).


Future Growth

How is Balkrishna Industries forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

10.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 502355's forecast earnings growth (10.1% per year) is above the savings rate (6.7%).

Earnings vs Market: 502355's earnings (10.1% per year) are forecast to grow slower than the Indian market (20.3% per year).

High Growth Earnings: 502355's earnings are forecast to grow, but not significantly.

Revenue vs Market: 502355's revenue (11.1% per year) is forecast to grow slower than the Indian market (12.7% per year).

High Growth Revenue: 502355's revenue (11.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 502355's Return on Equity is forecast to be high in 3 years time (20.3%)


Past Performance

How has Balkrishna Industries performed over the past 5 years?

16.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 502355 has a high level of non-cash earnings.

Growing Profit Margin: 502355's current net profit margins (20%) are higher than last year (19%).


Past Earnings Growth Analysis

Earnings Trend: 502355's earnings have grown by 16.2% per year over the past 5 years.

Accelerating Growth: 502355's earnings growth over the past year (48.5%) exceeds its 5-year average (16.2% per year).

Earnings vs Industry: 502355 earnings growth over the past year (48.5%) underperformed the Auto Components industry 124.1%.


Return on Equity

High ROE: 502355's Return on Equity (21.8%) is considered high.


Financial Health

How is Balkrishna Industries's financial position?


Financial Position Analysis

Short Term Liabilities: 502355's short term assets (₹31.7B) exceed its short term liabilities (₹26.7B).

Long Term Liabilities: 502355's short term assets (₹31.7B) exceed its long term liabilities (₹2.9B).


Debt to Equity History and Analysis

Debt Level: 502355's net debt to equity ratio (15%) is considered satisfactory.

Reducing Debt: 502355's debt to equity ratio has reduced from 51.9% to 23.7% over the past 5 years.

Debt Coverage: 502355's debt is well covered by operating cash flow (73.3%).

Interest Coverage: 502355 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Balkrishna Industries's current dividend yield, its reliability and sustainability?

0.92%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 502355's dividend (0.92%) is higher than the bottom 25% of dividend payers in the Indian market (0.35%).

High Dividend: 502355's dividend (0.92%) is low compared to the top 25% of dividend payers in the Indian market (1.47%).


Stability and Growth of Payments

Stable Dividend: 502355's dividends per share have been stable in the past 10 years.

Growing Dividend: 502355's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (24.4%), 502355's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 502355's dividends in 3 years are forecast to be well covered by earnings (26.1% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

12.7yrs

Average management tenure


CEO

Arvind Kumar Poddar (64 yo)

15.25yrs

Tenure

₹374,152,000

Compensation

Mr. Arvind Kumar Mahabirprasad Poddar, B.Com has been Managing Director of Balkrishna Industries Ltd. since August 1, 2006. Mr. Poddar served as Joint Managing Director of Siyaram Silk Mills Ltd.He worked...


CEO Compensation Analysis

Compensation vs Market: Arvind Kumar's total compensation ($USD4.99M) is above average for companies of similar size in the Indian market ($USD917.32K).

Compensation vs Earnings: Arvind Kumar's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: 502355's management team is seasoned and experienced (12.7 years average tenure).


Board Members

Experienced Board: 502355's board of directors are considered experienced (6.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Balkrishna Industries Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Balkrishna Industries Limited
  • Ticker: 502355
  • Exchange: BSE
  • Founded: 1961
  • Industry: Tires and Rubber
  • Sector: Automobiles
  • Market Cap: ₹418.938b
  • Shares outstanding: 193.32m
  • Website: https://www.bkt-tires.com

Number of Employees


Location

  • Balkrishna Industries Limited
  • BKT House
  • C/15, Trade World
  • Mumbai
  • Maharashtra
  • 400013
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/27 12:01
End of Day Share Price2021/11/26 00:00
Earnings2021/09/30
Annual Earnings2021/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.