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  2. •

    Consumer durables

  3. •

    Automotive aftermarket
Balkrishna Industries Limited

Balkrishna Industries Limited

2,109.80
INR
-0.40
(-0.02%)
73.49EPS
29.67P/E
421.51BMarket Cap
Nov 06Next Earn
Balkrishna Industries Limited
NSE:BALKRISIND
(National Stock Exchange of India)

Recent

price

2,109.80

P/E

ratio

29.67

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
110.3
154.63
174.5
192.74
195.43
165.96
189.12
224.97
260.37
243.31
293.57
424.64
498.98
481.3
535.76
555.03
614.78
Revenue per Share
10.07
13.91
18.1
24.55
24.45
23.06
37.08
38.06
40.02
49.64
60.91
74.25
54.7
76.12
85.61
64.3
73.49
Basic EPS, GAAP
-8.18
-32.55
28.42
31.12
50.91
55.45
34.24
17.05
4.17
20.12
21.35
-35.55
-16.27
50.87
14.54
-39
- -
Free Cash Flow per Basic Share
0.82
0.82
0.87
0.88
1.16
4.72
3.33
6.27
9.03
26.51
11.98
28.99
15.99
16.01
16.01
15.99
- -
Dividend per Share
44.56
57.42
74.64
98.03
125.35
143.54
183.27
211.23
240.73
259.07
310.36
358.63
390.91
457.99
537.33
566.7
- -
Book Value per Share
44.46
57.33
74.56
97.97
125.29
143.32
183.06
211.05
240.61
259
310.32
358.59
390.84
457.89
537.14
566.32
- -
Tangible Book Value per Share
193
193
193
193
193
193
193
193
193
193
193
193
193
193
193
193
193
Basic Weighted Avg Shares
21,322
29,893
33,734
37,260
37,781
32,083
36,560
43,492
50,334
47,036
56,753
82,090
96,462
93,044
103,572
107,296
118,849
Sales/Revenue/Turnover
10.38
14.94
16.94
21.78
12.84
18.19
22.62
18.19
19.34
19.16
24.58
18.93
11.86
17.26
17.17
16.92
14.68
Operating Margin (%)
773
864
1,122
1,703
2,437
2,823
3,040
3,114
3,326
3,736
4,163
4,554
5,708
6,507
6,807
7,750
7,886
Depreciation Expense
1,946
2,689
3,499
4,746
4,726
4,457
7,169
7,358
7,737
9,597
11,775
14,354
10,574
14,715
16,550
12,431
14,207
Net Income, GAAP
32.45
32.84
34.45
32.79
33.75
33.89
32.28
34.07
34.24
15.78
24.27
27.58
26.3
24.19
24.34
24.37
24.73
Effective Tax Rate (%)
9.13
9
10.37
12.74
12.51
13.89
19.61
16.92
15.37
20.4
20.75
17.49
10.96
15.82
15.98
11.59
11.95
Profit Margin (%)
726
5,196
5,749
2,383
7,878
400
990
5,828
10,157
3,636
5,776
6,586
5,787
9,836
13,448
655
- -
Working Capital
357
9,398
15,666
17,064
13,530
8,308
2,188
25
22
20
16
5,011
10,428
6,955
3,919
8,921
- -
LT Debt
8,614
11,101
14,430
18,951
24,233
27,748
35,429
40,834
46,537
50,083
59,998
69,330
75,569
88,538
103,876
109,553
- -
Total Equity
11.32
13.87
11.6
13.69
7.06
8.17
11.61
10.46
12
13.12
16.32
13.68
8.25
10.71
10.56
9.57
- -
Return on Invested Capital (%)
15.9
13.1
11.3
12.41
11.04
10.02
15.18
15.06
14.91
16.88
18.32
17.51
10.69
13.54
13.57
9.22
- -
Return on Capital (%)
25.23
27.28
27.41
28.44
21.89
17.15
22.69
19.3
17.71
19.86
21.39
22.2
14.59
17.93
17.2
11.65
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
32,188
- -
LT Borrowings
- -
8,880
- -
LT Finance Leases
- -
41
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
193
193
193
Market Capitalization
448,438
402,680
421,509

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
51,545
- -
Cash, Cash Equivalents & STI
- -
13,884
- -
Accounts Receivable, Net
- -
14,466
- -
Inventories
- -
18,085
- -
Total Current Liabilities
- -
50,890
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
32,188
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
14.88%
12.9%
5.47%
Free Cash Flow
-94.87%
-234.59%
-368.18%
Net Income, GAAP
13.77%
4.46%
-24.89%
Sales/Revenue/Turnover
13.63%
14.71%
3.6%
Total Cash Common Dividend
33.87%
19.43%
-0.1%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
27,145
24,197
25,603
27,524
103,572
2026
27,600
- -
27,368
29,328
107,296
2027
34,553
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
25.35
17.95
23.25
19.06
85.61
2026
14.91
- -
19.77
15.49
64.3
2027
23.32
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
16.01
2026
- -
- -
- -
- -
15.99
2027
- -
- -
- -
- -
- -
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Business
Balkrishna Industries Limited (BKT) manufactures off-highway tires for agricultural, construction, industrial, mining, port, earthmoving, ATV, and gardening applications; offers rubber tracks; and produces specialty carbon black for high-performance non-tire uses. The company operates five manufacturing facilities in India—located in Aurangabad, Bhiwadi, Chopanki, Dombivali, and Bhuj—with a current achievable capacity of approximately 285,000 metric tons per annum and exports over 70% of its production to markets including North America, Europe, India, and Asia-Pacific. Founded in 1961 and headquartered in Mumbai, India, BKT serves OEMs such as JCB, John Deere, and CNH Industrial, primarily targeting the replacement market in farm, mining, and construction segments. In 2025, the company unveiled a five-year strategic roadmap to 2030 targeting INR 23,000 crore (USD 2.6 billion) in revenues through USD 400 million in investments, including expansion of off-highway tire capacity from 200,000 to 360,000 metric tons by early 2026, commercialization and dedicated facility for rubber tracks operational in second-half 2026, development of advanced carbon black, and launches of truck & bus radial (TBR) pilots in Q4 FY26 and passenger car radial (PCR) pilots in Q3 FY27 for the Indian market. BKT also incorporated a subsidiary in the Netherlands in 2025 and maintains sponsorships in motorsports like Monster Jam and sports leagues to enhance brand visibility.