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Balkrishna Industries NSEI:BALKRISIND Stock Report

Last Price


Market Cap







27 Jun, 2022


Company Financials +
BALKRISIND fundamental analysis
Snowflake Score
Future Growth3/6
Past Performance3/6
Financial Health6/6

BALKRISIND Stock Overview

Balkrishna Industries Limited manufactures and sells tires worldwide.

Balkrishna Industries Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Balkrishna Industries
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 Change2.98%
1 Year Change-4.16%
3 Year Change182.52%
5 Year Change157.61%
Change since IPO1,773.73%

Recent News & Updates

Jun 25
Here's Why We Think Balkrishna Industries (NSE:BALKRISIND) Might Deserve Your Attention Today

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...

Shareholder Returns

BALKRISINDIN Auto ComponentsIN 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.

Price Volatility

Is BALKRISIND's price volatile compared to industry and market?
BALKRISIND volatility
BALKRISIND Average Weekly Movement4.9%
Auto Components Industry Average Movement6.2%
Market Average Movement6.9%
10% most volatile stocks in IN Market9.9%
10% least volatile stocks in IN Market4.5%

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

19613,229Arvind Kumar Poddar

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

How do Balkrishna Industries's earnings and revenue compare to its market cap?
BALKRISIND fundamental statistics
Market Cap₹418.54b
Earnings (TTM)₹14.35b
Revenue (TTM)₹82.95b


P/E Ratio


P/S Ratio

Is BALKRISIND overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
BALKRISIND income statement (TTM)
Cost of Revenue₹38.44b
Gross Profit₹44.51b
Other Expenses₹30.16b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 14, 2022

Earnings per share (EPS)74.25
Gross Margin53.66%
Net Profit Margin17.30%
Debt/Equity Ratio36.5%

How did BALKRISIND perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio
We’ve recently updated our valuation analysis.


Is BALKRISIND undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score


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

  • PEG Ratio

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.

BALKRISIND key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue5.3x
Enterprise Value/EBITDA21.7x
PEG Ratio2.3x

Price to Earnings Ratio vs Peers

How does BALKRISIND's PE Ratio compare to its peers?

BALKRISIND PE Ratio vs Peers
The above table shows the PE ratio for BALKRISIND vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average34.9x
500290 MRF
500878 CEAT
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.

BALKRISIND PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio29.2x
Fair PE Ratio25.2x

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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Future Growth

How is Balkrishna Industries forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

Future Growth Score


Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


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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Past Performance

How has Balkrishna Industries performed over the past 5 years?

Past Performance Score


Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


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.

Discover strong past performing companies

Financial Health

How is Balkrishna Industries's financial position?

Financial Health Score


Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

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.

Balance Sheet

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

Dividend Score


Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • 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.

Leadership Team

Experienced Management: BALKRISIND's management team is seasoned and experienced (10.8 years average tenure).

Board Members

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.

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: BALKRISIND
  • Exchange: NSEI
  • Founded: 1961
  • Industry: Tires and Rubber
  • Sector: Automobiles
  • Implied Market Cap: ₹418.541b
  • Shares outstanding: 193.32m
  • Website:

Number of Employees


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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/27 00:00
End of Day Share Price2022/06/27 00:00
Annual Earnings2022/03/31

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.