| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 2/6 |
| Past Performance | 4/6 |
| Financial Health | 6/6 |
| Dividends | 5/6 |
502355 Stock Overview
Balkrishna Industries Limited manufactures and sells tires worldwide.
Balkrishna Industries Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | ₹2,167.10 |
| 52 Week High | ₹2,724.40 |
| 52 Week Low | ₹1,515.35 |
| Beta | 0.64 |
| 1 Month Change | -13.19% |
| 3 Month Change | -5.39% |
| 1 Year Change | 30.92% |
| 3 Year Change | 126.00% |
| 5 Year Change | 255.76% |
| Change since IPO | 37,050.40% |
Recent News & Updates
Shareholder Returns
| 502355 | IN Auto Components | IN Market | |
|---|---|---|---|
| 7D | -6.3% | -5.1% | -3.3% |
| 1Y | 30.9% | 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
| 502355 volatility | |
|---|---|
| 502355 Average Weekly Movement | 4.2% |
| Auto Components Industry Average Movement | 5.2% |
| Market Average Movement | 6.1% |
| 10% most volatile stocks in IN Market | 9.1% |
| 10% least volatile stocks in IN Market | 3.8% |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1961 | 2,861 | Arvind Kumar Poddar | https://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
| 502355 fundamental statistics | |
|---|---|
| Market Cap | ₹418.94b |
| Earnings (TTM) | ₹14.27b |
| Revenue (TTM) | ₹71.38b |
29.4x
P/E Ratio5.9x
P/S RatioIs 502355 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 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 Margin | 56.46% |
| Net Profit Margin | 19.99% |
| Debt/Equity Ratio | 23.7% |
How did 502355 perform over the long term?
See historical performance and comparisonDividends
0.9%
Current Dividend Yield24%
Payout RatioValuation
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/11/27 12:01 |
| End of Day Share Price | 2021/11/26 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2021/03/31 |
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.