BALKRISIND Stock Overview
Balkrishna Industries Limited manufactures and sells tires worldwide.
Balkrishna Industries Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||₹2,164.25|
|52 Week High||₹2,723.80|
|52 Week Low||₹1,690.55|
|1 Month Change||-3.17%|
|3 Month Change||2.98%|
|1 Year Change||-4.16%|
|3 Year Change||182.52%|
|5 Year Change||157.61%|
|Change since IPO||1,773.73%|
Recent News & Updates
Here's Why We Think Balkrishna Industries (NSE:BALKRISIND) Might Deserve Your Attention Today
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
|BALKRISIND||IN Auto Components||IN Market|
Return vs Industry: BALKRISIND exceeded the Indian Auto Components industry which returned -7.9% over the past year.
Return vs Market: BALKRISIND underperformed the Indian Market which returned -0.9% over the past year.
|BALKRISIND Average Weekly Movement||4.9%|
|Auto Components Industry Average Movement||6.2%|
|Market Average Movement||6.9%|
|10% most volatile stocks in IN Market||9.9%|
|10% least volatile stocks in IN Market||4.5%|
Stable Share Price: BALKRISIND is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: BALKRISIND's weekly volatility (5%) has been stable over the past year.
About the Company
|1961||3,229||Arvind Kumar Poddar||https://www.bkt-tires.com|
Balkrishna Industries Limited manufactures and sells tires worldwide. It offers rubber tires, tubes, and carbon black products. The company 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
|BALKRISIND fundamental statistics|
Is BALKRISIND overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|BALKRISIND income statement (TTM)|
|Cost of Revenue||₹38.44b|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
Aug 14, 2022
|Earnings per share (EPS)||74.25|
|Net Profit Margin||17.30%|
How did BALKRISIND perform over the long term?See historical performance and comparison
0.7%Current Dividend Yield
Is BALKRISIND undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 1/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for BALKRISIND?
Other financial metrics that can be useful for relative valuation.
|What is BALKRISIND's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does BALKRISIND's PE Ratio compare to its peers?
|BALKRISIND PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
APOLLOTYRE Apollo Tyres
500168 Goodyear India
BALKRISIND Balkrishna Industries
Price-To-Earnings vs Peers: BALKRISIND is good value based on its Price-To-Earnings Ratio (29.2x) compared to the peer average (34.9x).
Price to Earnings Ratio vs Industry
How does BALKRISIND's PE Ratio compare vs other companies in the IN Auto Components Industry?
Price-To-Earnings vs Industry: BALKRISIND is expensive based on its Price-To-Earnings Ratio (29.2x) compared to the Indian Auto Components industry average (21.9x)
Price to Earnings Ratio vs Fair Ratio
What is BALKRISIND's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||29.2x|
|Fair PE Ratio||25.2x|
Price-To-Earnings vs Fair Ratio: BALKRISIND is expensive based on its Price-To-Earnings Ratio (29.2x) compared to the estimated Fair Price-To-Earnings Ratio (25.2x).
Share Price vs Fair Value
What is the Fair Price of BALKRISIND when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: BALKRISIND (₹2164.25) is trading above our estimate of fair value (₹621.56)
Significantly Below Fair Value: BALKRISIND is trading above our estimate of fair value.
Price to Earnings Growth Ratio
PEG Ratio: BALKRISIND is poor value based on its PEG Ratio (2.3x)
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How is Balkrishna Industries forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Future Growth Score3/6
Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BALKRISIND's forecast earnings growth (12.5% per year) is above the savings rate (6.7%).
Earnings vs Market: BALKRISIND's earnings (12.5% per year) are forecast to grow slower than the Indian market (17.4% per year).
High Growth Earnings: BALKRISIND's earnings are forecast to grow, but not significantly.
Revenue vs Market: BALKRISIND's revenue (13.8% per year) is forecast to grow faster than the Indian market (11.5% per year).
High Growth Revenue: BALKRISIND's revenue (13.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BALKRISIND's Return on Equity is forecast to be high in 3 years time (20.4%)
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How has Balkrishna Industries performed over the past 5 years?
Past Performance Score3/6
Past Performance Score 3/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BALKRISIND has a high level of non-cash earnings.
Growing Profit Margin: BALKRISIND's current net profit margins (17.3%) are lower than last year (20.4%).
Past Earnings Growth Analysis
Earnings Trend: BALKRISIND's earnings have grown by 17.1% per year over the past 5 years.
Accelerating Growth: BALKRISIND's earnings growth over the past year (21.9%) exceeds its 5-year average (17.1% per year).
Earnings vs Industry: BALKRISIND earnings growth over the past year (21.9%) underperformed the Auto Components industry 33.8%.
Return on Equity
High ROE: BALKRISIND's Return on Equity (20.7%) is considered high.
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How is Balkrishna Industries's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: BALKRISIND's short term assets (₹38.9B) exceed its short term liabilities (₹32.4B).
Long Term Liabilities: BALKRISIND's short term assets (₹38.9B) exceed its long term liabilities (₹8.1B).
Debt to Equity History and Analysis
Debt Level: BALKRISIND's net debt to equity ratio (25.9%) is considered satisfactory.
Reducing Debt: BALKRISIND's debt to equity ratio has reduced from 39.2% to 36.5% over the past 5 years.
Debt Coverage: BALKRISIND's debt is well covered by operating cash flow (35.9%).
Interest Coverage: BALKRISIND earns more interest than it pays, so coverage of interest payments is not a concern.
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What is Balkrishna Industries's current dividend yield, its reliability and sustainability?
Dividend Score 4/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BALKRISIND's dividend (0.74%) is higher than the bottom 25% of dividend payers in the Indian market (0.43%).
High Dividend: BALKRISIND's dividend (0.74%) is low compared to the top 25% of dividend payers in the Indian market (1.89%).
Stability and Growth of Payments
Stable Dividend: BALKRISIND's dividend payments have been volatile in the past 10 years.
Growing Dividend: BALKRISIND's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (21.5%), BALKRISIND's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: BALKRISIND is paying a dividend but the company has no free cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Arvind Kumar Poddar (64 yo)
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 work...
CEO Compensation Analysis
Compensation vs Market: Arvind Kumar's total compensation ($USD5.82M) is above average for companies of similar size in the Indian market ($USD900.69K).
Compensation vs Earnings: Arvind Kumar's compensation has increased by more than 20% in the past year.
Experienced Management: BALKRISIND's management team is seasoned and experienced (10.8 years average tenure).
Experienced Board: BALKRISIND's board of directors are considered experienced (7.3 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Balkrishna Industries Limited's employee growth, exchange listings and data sources
- Name: Balkrishna Industries Limited
- Ticker: BALKRISIND
- Exchange: NSEI
- Founded: 1961
- Industry: Tires and Rubber
- Sector: Automobiles
- Implied Market Cap: ₹418.541b
- Shares outstanding: 193.32m
- Website: https://www.bkt-tires.com
Number of Employees
- Balkrishna Industries Limited
- BKT House
- C/15, Trade World
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/27 00:00|
|End of Day Share Price||2022/06/27 00:00|
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.