Balkrishna Industries Ltd Stock Analysis

BSE: 502355 | NSE: BALKRISIND | Tyres & Allied | Large Cap

BSE Share Price Aug 19, 18:03
2168.00 -52.35 (-2.36%)

DeciZen - Make an Informed Decision on Balkrishna Inds.

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Balkrishna Inds. Price Chart

P/E Ratio (SA) :
30.68
Market Cap :
42,923.2 Cr.
52-wk low :
1,682
52-wk high :
2,724.4
Bole Toh?

1. Is Balkrishna Industries Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Balkrishna Industries Ltd is a good quality company.

2. Is Balkrishna Industries Ltd undervalued or overvalued?

The key valuation ratios of Balkrishna Industries Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Balkrishna Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Balkrishna Industries Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Balkrishna Inds.:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Balkrishna Industries Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 12.3%14.8%7.5%8.6%11.9%10.6%12.6%14.3%17%14.3%-
Value Creation Index -0.10.1-0.4-0.4-0.1-0.1-0.10.30.5NA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 3,1913,5773,7803,2233,7284,4475,2454,7825,7588,2679,100
YoY Gr. Rt. %-12.1%5.7%-14.8%15.7%19.3%17.9%-8.8%20.4%43.6%-
Adj EPS 18.928.615.619.328.626.633.541.855.959.872.4
YoY Gr. Rt. %-51.3%-45.4%23.9%48.2%-7.2%26%24.8%33.6%7%-
BVPS (₹) 73.497.5118.5143.9183.7211.9242260.1310.8358.2374.7
Adj Net Profit 3655523023745545146488081,0801,1561,399
Cash Flow from Ops. 5505949791,0958427538131,1641,363881-
Debt/CF from Ops. 3.842.41.71.61.110.70.72.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 11.2%17.3%16.4%43.6%
Adj EPS 13.7%15.9%21.3%7%
BVPS 19.314.31415.3
Share Price 31.6% 23.8% 43.6% -4.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 29.233.414.414.717.513.414.816.719.617.919.8
Op. Profit Mgn % 21.327.619.526.530.424.925.126.23123.921.1
Net Profit Mgn % 11.415.4811.614.911.612.416.918.81415.4
Debt to Equity 1.51.310.70.40.20.20.20.20.4-
Working Cap Days 1651561441401231301281401311340
Cash Conv. Cycle 776459473342506150580

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 19.70%

Sales growth is growing at healthy rate in last 3 years 16.38%

Net Profit is growing at healthy rate in last 3 years 21.28%

Sales growth is good in last 4 quarters at 36.67%

No data to display

Latest Financials - Balkrishna Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 72.4 73
TTM Sales (₹ Cr.) 9,100 9,112
BVPS (₹.) 374.7 374.5
Reserves (₹ Cr.) 7,206 7,201
P/BV 5.93 5.90
PE 30.68 30.25
From the Market
52 Week Low / High (₹) 1681.95 / 2724.40
All Time Low / High (₹) 0.58 / 2724.40
Market Cap (₹ Cr.) 42,923
Equity (₹ Cr.) 38.7
Face Value (₹) 2
Industry PE 41.5

Management X-Ray of Balkrishna Inds. :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

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Key Ratios of Balkrishna Inds.

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

About Balkrishna Industries Ltd

While the group foundation dates back to the 1950s, Balkrishna Industries (BKT) started its Off-Highway tire business in 1987. For many years, the company has successfully focused on specialist segments such as agricultural, construction and industrial as well as earthmoving, port and mining, ATV, and gardening applications.

Talent for innovation has been the company’s strength ever since as a result of consistent and continuous investment into Research and Development (R&D) as well as into tire technology, tire machinery and tire manufacturing processes. Its independent R&D Center in Bhuj ensures research into innovative product design and development as well as sustainable materials. This includes ‘the tire of the future’ project as well as new compounding methods by using rubber obtained from the Russian Dandelion TKS as a renewable alternative to natural rubber. In addition, it produces in-house its own tire molds and carbon black pigments. This provides company with major autonomy and ensures enhanced quality control throughout the entire supply chain.

Business area of the company

The company is primarily engaged into Specialty ‘Off Highway Tire segment’ which is consisting of Agriculture, Industrial, Construction, Earthmoving, Mining, Port, Lawn and Garden and All-Terrain Vehicle (ATVs) Tires, etc. This segment is highly technical & capital intensive and known as ‘large varieties low volume segment’ where any credible player needs to maintain large number of Stock Keeping Units (SKUs) to meet the diverse requirement of its customers worldwide. While the sub segment (agriculture) is largely known as non-cyclical in nature, the other sub segment (industrial, construction and mining) is generally considered as cyclical and the performance of it is largely linked to overall economic outlook of the world. The market for company’s products is mainly Europe, America, Australasia and India.

Products:

  • Agricultural tires
  • Industrial tires
  • OTR tires
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