MarketFriction

Balkrishna Industries Ltd

NSE BALKRISIND · BSE 502355 · Tyres & Rubber Products
₹2,083.50 -1.58%
NSE close2026-10-01
52 week range1,970.00 - 2,775.00
Market cap₹41,103 Cr.
P/E29.2
Nifty 500Midcap 150 Price band 20% Delivery 65.7%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales2,2532,2742,6822,7142,4202,5602,7522,7602,3932,7372,9333,455
Expenses1,7201,7342,0012,0511,8401,9602,1392,2541,8822,0942,2932,711
Operating Profit533541681664580601614506511643640744
OPM %24%24%25%24%24%23%22%18%21%24%22%22%
Other Income1076617116290187991077177-4100
Interest243631224116503133343637
Depreciation160161174163166173178188193195199206
Profit before tax456409647640463600485394357491401601
Tax %24%25%25%23%25%25%24%27%24%22%25%25%
Net Profit347305487490347449369288273382299451
EPS in Rs17.9715.8025.1825.3517.9523.2519.0614.9114.1319.7715.4923.32
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales3,2373,7234,4445,2104,8115,7838,2959,7609,36910,44710,82311,518
Expenses2,3712,5923,3413,9043,5373,9726,2868,0477,1137,9888,5228,980
Operating Profit8661,1311,1031,3061,2741,8112,0091,7122,2562,4592,3012,539
OPM %27%30%25%25%26%31%24%18%24%24%21%22%
Other Income131254340215250171438342449537252244
Interest402215121112948113129134140
Depreciation282304311333374416455571651681775793
Profit before tax6741,0591,1161,1771,1401,5551,9821,4351,9412,1871,6441,850
Tax %34%32%34%34%16%24%28%26%24%24%24%
Net Profit4467177367749601,1781,4351,0571,4711,6551,2431,406
EPS in Rs23.0637.0838.0640.0249.6460.9174.2554.7076.1285.6164.3072.71
Dividend Payout %12%11%21%20%40%28%38%29%21%19%25%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth13%13%4%10%
Compounded Profit Growth9%-2%1%-3%
Stock Price CAGR15%-4%-6%-7%
Return on Equity16%15%13%10%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital191919393939393939393939
Reserves2,2572,7563,5244,0454,6154,9705,9616,8947,5188,81510,34910,917
Borrowings2,3581,8981,3918678719321,0012,5293,3473,0993,2674,111
Other Liabilities6857258559279548661,1661,5171,4441,7311,9802,700
Total Liabilities5,3185,3985,7895,8786,4796,8068,16610,97912,34813,68515,63517,766
Fixed Assets2,4152,8592,8492,8492,7863,3083,3704,0195,3846,3176,9417,409
CWIP6342311101196005878561,2581,3929449862,472
Investments4448361,3491,1031,0831,0621,4181,8972,0372,6863,2643,124
Other Assets1,8251,4731,4811,8082,0101,8502,5233,8053,5353,7374,4434,761
Total Assets5,3185,3985,7895,8786,4796,8068,16610,97912,34813,68515,63517,766
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity9841,0728477508201,1731,3399081,4482,0821,7642,249
Cash from Investing Activity-435-552-563-92-636-678-1,173-1,897-1,783-1,475-1,480-2,523
Cash from Financing Activity-130-625-589-654-165-495-158980359-601-279254
Net Cash Flow419-105-30642018-92356-19
Free Cash Flow61483366633986390416-681-3041,001316-749
CFO/OP165%151%103%103%94%115%93%68%105%111%91%115%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days564340393645484842565249
Inventory Days76102110105113105148162124108129126
Days Payable7488877058651038037665464
Cash Conversion Cycle5858647592849313012999126111
Working Capital Days-23-61-387613-47-3-10-17-16-45
ROCE %17%15%20%22%22%17%24%24%14%16%17%11%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters58.30%58.30%58.30%58.30%58.30%58.30%58.30%58.30%58.30%58.30%58.30%58.30%
FIIs12.53%12.69%12.24%12.61%11.72%11.28%11.46%10.50%10.70%11.00%11.13%10.33%
DIIs21.11%21.32%21.97%22.29%23.31%23.81%23.63%24.71%24.55%24.42%24.25%24.60%
Government0.10%0.10%0.11%0.15%0.15%0.15%0.15%0.14%0.14%0.00%0.00%0.00%
Public7.94%7.59%7.38%6.65%6.52%6.46%6.46%6.37%6.31%6.29%6.32%6.77%
No. of Shareholders1,36,2141,25,3411,34,8311,23,4351,24,3881,18,9661,23,7551,27,4011,23,4061,23,3371,20,7401,22,372

Fundamentals

Market Cap₹ 41,103 Cr.
Current Price₹ 2,126
Stock P/E29.2
Book Value₹ 567
ROCE11.2 %
ROE9.66 %
Dividend Yield0.75 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)10%
Compounded Profit Growth (TTM)-3%
Consolidated figures.
Valuation
Market capRs 40,278 Cr
Enterprise valueRs 44,324 Cr
P/E (TTM)28.66x
Price to book3.68x
Price to sales3.50x
EV / EBITDA15.93x
EV / EBIT22.27x
EV / sales3.85x
Price to cash flow17.91x
Earnings yield3.49%
Dividend yield0.77%
P/E, 3-year average30.89x
P/B, 3-year average4.50x
P/E, 5-year average31.43x
P/B, 5-year average4.89x
Profitability
Operating margin (excl. other income)21.26%
Operating margin (incl. other income)23.58%
EBITDA margin24.16%
Pre-tax margin16.06%
Net profit margin12.20%
Net margin, latest quarter13.05%
ROE11.65%
ROCE12.38%
ROA7.44%
ROE, 3-year average15.59%
ROCE, 3-year average16.15%
ROA, 3-year average10.01%
ROE, 5-year average16.72%
ROCE, 5-year average17.44%
ROA, 5-year average10.82%
ROIC (approx.)10.03%
Tax rate24.37%
Other income / net worth2.30%
Growth
Sales growth (latest year)3.60%
Profit growth (latest year)-24.89%
Sales CAGR, 3 years3.51%
Sales CAGR, 5 years13.35%
Profit CAGR, 3 years5.54%
Profit CAGR, 5 years1.09%
Sales growth QoQ17.81%
Profit growth QoQ50.53%
Sales growth YoY (latest quarter)25.19%
Profit growth YoY (latest quarter)56.35%
Per share
EPS (TTM)Rs 72.71
EPS (latest year)Rs 64.30
EPS (latest quarter)Rs 23.32
EPS, 3-year averageRs 75.34
EPS, 5-year averageRs 71.00
Book value per shareRs 566.70
Sales per shareRs 595.83
Cash flow per shareRs 116.35
Free cash flow per shareRs -38.74
Dividend per share (latest year)Rs 16.00
Dividend per share, 3-year averageRs 16.00
Dividend per share, 5-year averageRs 18.40
Dividends
Dividend payout24.88%
Dividend payout, 3-year average21.53%
Dividend payout, 5-year average26.31%
Efficiency
Asset turnover0.61x
Fixed asset turnover1.46x
Inventory turnover3.68x
Inventory days99 days
Debtor days49 days
Debtors turnover7.48x
Creditor days64 days
Cash conversion cycle111 days
Working capital days-45 days
Leverage
Total debtRs 4,111 Cr
Cash and bankRs 65 Cr
Net debtRs 4,046 Cr
Debt to equity0.38x
Net debt / EBITDA1.45x
Interest coverage14.25x
Current ratio (filing 2026-03-31)1.01x
Quick ratio (filing 2026-03-31)0.66x
Trade payables (filing 2026-03-31)Rs 912 Cr
Owners' fund to total sources61.66%
Debt to assets23.14%
Cash flow
Cash from Operating Activity (latest year)Rs 2,249 Cr
Cash from Investing Activity (latest year)Rs -2,523 Cr
Cash from Financing Activity (latest year)Rs 254 Cr
Net Cash Flow (latest year)Rs -19 Cr
Free cash flow (latest year)Rs -749 Cr
FCFE (approx.: FCF + change in debt)Rs 94 Cr
Cash from ops / profit, 5 years1.23x
Sales to cash flow4.81x
Statement figures
Net sales (TTM)Rs 11,518 Cr
Net sales (latest year)Rs 10,823 Cr
Sales (latest quarter)Rs 3,455 Cr
Operating profit excl. other income (latest year)Rs 2,301 Cr
Operating profit (latest quarter)Rs 744 Cr
Other income (TTM)Rs 244 Cr
EBITDA (TTM)Rs 2,783 Cr
PBDT (TTM)Rs 2,643 Cr
Profit before tax (TTM)Rs 1,850 Cr
Tax (latest year)Rs 401 Cr
Net profit (TTM)Rs 1,406 Cr
Net profit (latest year)Rs 1,243 Cr
Net profit (latest quarter)Rs 451 Cr
Depreciation (TTM)Rs 793 Cr
Depreciation (latest quarter)Rs 206 Cr
Interest (TTM)Rs 140 Cr
Cost of goods sold (latest year)Rs 6,656 Cr
Total expenditure (latest year)Rs 8,522 Cr
Total income (latest year)Rs 11,075 Cr
Share capitalRs 39 Cr
ReservesRs 10,917 Cr
Shareholders' fundsRs 10,955 Cr
Total assetsRs 17,766 Cr
Net blockRs 7,409 Cr
Capital work in progressRs 2,472 Cr
InvestmentsRs 3,124 Cr
ReceivablesRs 1,447 Cr
InventoryRs 1,808 Cr
Other liabilitiesRs 2,700 Cr
Shares outstanding (crore)19.33
Ownership
Promoter holding58.30% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 28.7 is at the 35th percentile of its own 9.4-year range (median 30.6, low 17.6, high 55.8).
P/B 3.68 is at the 4th percentile (median 5.70).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodBALKRISINDNifty 50Difference
1 week-3.9%-2.8% -1.1 pts
1 month-10.6%-6.8% -3.9 pts
3 months-6.2%-7.6% +1.5 pts
6 months+0.0%+0.4% -0.4 pts
1 year-12.7%-9.9% -2.8 pts
2 years-33.4%-13.6% -19.9 pts
3 years-18.5%+14.2% -32.7 pts
5 years-18.0%+27.9% -45.9 pts
115 mutual fund schemes hold about ₹9,141 Cr. Over three months 93 bought more and 8 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
HDFC Mid Cap Fund3.02%3,269 +4%
SBI Large & Midcap Fund2.53%1,071 +24%
Nippon India Multi Cap Fund0.95%534 +33%
Nippon India Growth Mid Cap Fund0.85%444 +5%
Kotak Flexi Cap Fund0.69%387 +10%
Kotak Flexi Cap Fund0.69%386 +10%
ICICI Pru Large & Mid Cap Fund0.95%318 +3%
Franklin India Mid Cap Fund1.96%256 +2%
HDFC Large & Mid Cap Fund0.85%256 +8%
HDFC Multi Cap Fund1.09%225 +18%
HDFC Aggressive Hybrid Fund0.66%148 +12%
SBI ELSS Tax Saver Fund0.41%130 +12%
HDFC Manufacturing Fund1.10%117 +7%
Nippon India Vision Large & Mid Cap Fund1.44%114 +700%
UTI Large Cap Fund0.93%114 +272%
SBI Automotive Opportunities Fund1.72%99 +100%
SBI MNC Fund1.44%97 +100%
Nippon India Value Fund0.99%90 +36%
UTI Mid Cap Fund0.63%81 +36%
Nippon India Multi Asset Allocation Fund0.44%80 +100%
Edelweiss Small Cap Fund0.98%71 +1%
ICICI Pru Multi Cap Fund0.33%64 +263%
ICICI Pru Multi Cap Fund0.33%61 +263%
HDFC Retirement Fund-Equity Plan0.81%57 +9%
ICICI Pru Multi Asset Allocation Fund0.06%56 -73%

Red flags

F-score 4 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2021-03-26Smt. shyamlata S PoddarPromotersother1,790,180Gift
2021-03-26Shri Rishabh PoddarPromotersother1,790,180Gift
2020-09-24Shri Rishabh PoddarPromotersother1,790,180Off Market
2020-09-24Smt. shyamlata S PoddarPromotersother1,790,180Off Market
2017-12-19Khushboo R PoddarPromotersother3,796,000Inter-se-Transfer
2017-12-19Shri Rishabh PoddarPromotersother676,175Gift
2017-12-19Smt Vijaylaxmi A PoddaePromotersother2,803,715Gift
2017-12-19Smt. shyamlata S PoddarPromotersother676,175Gift
2017-12-19Shri Rajiv A PoddarPromotersother2,803,715Gift
2017-12-19Khushboo R PoddarPromotersother3,796,000Gift
2017-03-24Khushboo R PoddarPromoterssell1,874,563Rs 265.02 CrMarket Sale
2017-03-21Khushboo R PoddarPromoterssell1,921,437Rs 274.72 CrMarket Sale
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹3,455 Cr +25.2% vs Jun 2025. Net profit ₹451 Cr +56.6%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-08-04Interim Dividend - Rs 4 Per Share
2026-07-17Dividend - Rs 4 Per Share
2026-02-02Interim Dividend - Rs 4 Per Share
2025-11-07Interim Dividend - Rs 4 Per Share
2025-07-31Interim Dividend - Rs 4 Per Share
2025-07-11Dividend - Rs 4 Per Share
2025-01-30Interim Dividend - Rs 4 Per Share
2024-10-31Interim Dividend - Rs 4 Per Share
2024-08-20Interim Dividend - Rs 4 Per Share
2024-07-05Dividend - Rs 4 Per Share
2024-02-02Interim Dividend - Rs 4 Per Share
2023-10-31Interim Dividend - Rs 4 Per Share
2023-08-11Interim Dividend - Rs 4 Per Share
2023-07-11Dividend - Rs 4 Per Share
2023-02-17Interim Dividend - Rs 4 Per Share
2022-11-21Interim Dividend - Rs 4 Per Share
2022-08-11Interim Dividend - Rs 4 Per Share
2022-06-24Dividend - Rs 4 Per Share
2022-02-21Interim Dividend - Rs 4 Per Share/Special Dividend - Rs 12 Per Share
2021-11-17 Interim Dividend - Rs 4 Per Share
2021-08-12 Interim Dividend - Rs 4 Per Share
2021-06-18 Dividend - Rs 5 Per Share
2021-02-15 Interim Dividend - Rs 5 Per Share
2020-11-12 Interim Dividend - Rs 4 Per Share
2020-08-20 Interim Dividend - Rs 3 Per Share
2020-02-24 Interim Dividend - Rs 16 Per Share
2019-11-21 Interim Dividend- Rs 2 Per Share
2019-08-20 Interim Dividend - Rs 2 Per Share
2019-07-04 Annual General Meeting/Dividend - Rs 2 Per Share
2019-02-15 Interim Dividend - Rs 2 Per Share
2018-11-14 Interim Dividend - Rs 2 Per Share
2018-08-20 Interim Dividend- Rs 2 Per Share (Purpose Revised)
2018-07-09 Annual General Meeting/Dividend- Rs 1.50 Per Share
2018-02-21 Interim Dividend - Rs 1.50 Per Share (Purpose Revised)
2017-12-21 Bonus 1:10.5000
2017-11-16 Interim Dividend - Rs 2.50 Per Share (Purpose Revised)
2017-09-06 Annual General Meeting/Dividend - Rs 2.50 Per Share
2017-08-04 Interim Dividend - Rs 2.50 Per Share
2017-02-17 Interim Dividend Rs 2/- Per Share (Purpose Revised)
2016-12-07 Interim Dividend Rs 2/- Per Share (Purpose Revised)
2016-09-19 Interim Dividend -Rs 1.50 Per Share (Purpose Revised)
2016-08-01 Annual General Meeting
2016-03-16 Interim Dividend - Rs 3/- Per Share + Special Dividend - Rs 2.50/- Per Share (Purpse Revised)
2015-07-06Annual General Meeting/Dividend -Rs 2.40/- Per Share
2015-03-24Scheme Of Arrangement
2014-09-05Annual General Meeting / Final Dividend - Rs 2/- Per Share
2013-09-16Annual General Meeting / Dividend - Rs.1.50 Per Share
2012-08-24Annual General Meeting/Dividend Rs.1.50 Per Share
2011-07-25Annual General Meeting And Dividend Rs.1.40 Per Share
2010-12-20Face Value Split From Rs.10/- To Rs.2/-0.2000
2010-08-17Annual General Meeting
2010-04-22Int Div-Rs.7/- Per Share Purpose Revised
2009-07-27Agm/Div-Rs.6/- Per Share
2008-08-14Agm/Final Dividend - 60%
2008-06-04Interim Dividend - 45%
2007-08-06Agm
2007-03-212nd Int Div-Rs.7/- Per Shpurpose Revised
2006-10-31Int Div-Rs.3.50/- Per Sh Purpose Revised
2006-09-08Agm/Div-Rs.3/- Per Sh
DateTypeWhat it says
2026-09-23Credit Rating- NewCredit Rating- New
2026-09-22General UpdatesGeneral Updates
2026-09-03Committee Meeting UpdatesOutcome of Committee Meeting held on September 03, 2026.
2026-08-25Credit Rating- NewCredit Rating- New
2026-08-18Committee Meeting UpdatesOutcome of Committee Meeting held on August 18, 2026.
2026-08-05Concall / analyst meetTranscript
2026-07-30Concall / analyst meetLink of Recording
2026-07-30Shareholder meetingVoting results.
2026-07-30Shareholder meetingShareholders meeting
2026-07-29UpdatesInvestor Presentation.
2026-07-29Record DateRecord date for the purpose of Dividend is 04-Aug-2026.
2026-07-29Board meeting outcomeBalkrishna Industries Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-27Concall / analyst meetSchedule of meet
2026-07-25Record DateRecord date for the purpose of Dividend is 04-Aug-2026.
2026-07-06UpdatesBusiness ResponsiBusiness Responsibility andSustainability Report forming part of the Annual Report of the Company for the financial year 2025-26.
2026-07-06Shareholder meetingNotice of Annual General Meeting to be held on July 29, 2026
2026-06-29Capacity additionCapacity addition
2026-06-23ResignationResignation of Mr Ravi Narayan Joshi as Other of the company w.e.f. July 25, 2026.
2026-06-18Record DateRecord date for the purpose of Dividend is 17-Jul-2026.
2026-06-17AppointmentAppointment of Mr Saroj Kumar Khuntia as Chief Financial Officer of the company w.e.f. Jun 18, 2026.
2026-06-17RetirementRetirement
2026-06-17Board meeting outcomeOutcome of Board Meeting held on Jun 17, 2026.
2026-05-14Concall / analyst meetTranscript
2026-05-11Concall / analyst meetSchedule of meet
2026-05-09Concall / analyst meetLink of Recording
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2020-01-28CESTATBALKRISHNA INDUSTRIES LTD ---VS.--- ALWAR
2019-12-23CESTATBALKRISHNA INDUSTRIES LTD ---VS.--- ALWAR
2019-12-16CESTATBALKRISHNA INDUSTRIES LTD ---VS.--- ALWAR
2019-12-02CESTATBALKRISHNA INDUSTRIES LTD ---VS.--- ALWAR
2019-11-20CESTATBALKRISHNA INDUSTRIES LTD ---VS.--- JAIPUR I..
2019-11-19CESTATBALKRISHNA INDUSTRIES LIMITED ---VS.--- COMMISSIONER OF CENTRAL EXCISE-ALWAR
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Balkrishna Industries Ltd?

Balkrishna Industries Ltd (BALKRISIND) has a market capitalisation of Rs 41,103 Cr. at the 2026-10-01 close.

What is the P/E ratio of Balkrishna Industries Ltd?

Balkrishna Industries Ltd trades at a P/E of 29.2 on trailing twelve-month profit, at the 2026-10-01 close.

What were Balkrishna Industries Ltd's latest quarterly results?

In the Jun 2026 quarter, Balkrishna Industries Ltd sales was Rs 3,455 Cr (+25.2% vs Jun 2025) and net profit was Rs 451 Cr.

What is the 52-week high and low of Balkrishna Industries Ltd?

The 52-week high is Rs 2,775.00 and the 52-week low is Rs 1,970.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03