BALKRISINDAutomobile and Auto Components

Balkrishna Industries Limited

Tyres & Rubber Products · ISIN INE787D01026 · BSE 502355 · NSE EQ · FV ₹2
Last price
₹2,171
+2.16%today
What this company does

Balkrishna Industries Limited operates in Tyres & Rubber Products, part of the Automobile and Auto Components sector. It booked ₹3,455 cr of revenue in its latest quarter (Q1 FY27) and kept 18.2% of sales as profit. It is the 2nd largest of 8 Tyres & Rubber Products companies we track, by market value.

Balkrishna Industries Limited (‘BKT’) is one of the world’s leading manufacturers of “OFF-HIGHWAY tires”. BKT has the widest product range with more than 3200 SKU’s (Stock Keeping Units) and is “One Stop Shop” for all off-highway tyre solutions.
In the report:
63out of 100
Equitytale Health Score
Mixed

Healthier than 63% of companies in Automobile and Auto Components, on all six measures of filed financials. Each measure is ranked against the 37–48 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
41

At close. Not part of the score.

Profitability & returns71

How much profit it earns on the money it employs

Balance sheet44

How much it owes, and whether earnings cover the interest

Cash quality68

Whether reported profit actually arrives as cash

Growth & consistency27

Whether sales and profit have grown, and how steadily

Valuation80

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Looks broadly healthyPriced in line with peers
Strengths
Makes a profit
Strong 18% net margin
Sales up 25% vs last year
Profit up 756% vs last year
Promoters hold 58%
No promoter shares pledged
Strong 23% return on equity
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in BALKRISIND?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹2,171 +2.16%
latest close · 2026-09-17
1-year return
-4.5%
52-wk low ₹1,69152-wk high ₹2,724
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio23.3Average
LowAverageHigh
P/B ratio3.83High
Below bookModerateHigh
EV / EBITDA13.6Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity22.9%Strong
WeakFairStrong ▸15%
Return on capital20.1%Strong
WeakFairStrong
Net margin18.2%Strong
ThinDecentStrong
EBITDA margin24.4%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.37Comfortable
LowModerateHigh ▸1
Interest cover17.3×Strong
RiskyOkayStrong ▸5×
Current ratio1.01Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹41,962 cr
Book value
₹567
EPS
₹23.32
latest quarter
Net debt
₹4,045 cr
owes more than its cash
Enterprise value
₹46,006 cr
EBITDA
₹3,376 cr
annualised
EBIT
₹2,551 cr
annualised
Operating margin
18.5%
Return on assets
14.2%
Earnings yield
4.30%
P/S
3.04
Sales / share
₹715.0
Tax rate
25.0%
Face value
₹2
Shares
19.3 cr
Working capital
₹65 cr
Current assets
₹5,154 cr
Current liabilities
₹5,089 cr
Delivery %
57.6%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2024 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹508₹881, midpoint ₹717

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹3,455 cr
Other Income₹100 cr
Total Income₹3,555 cr
Cost of Materials₹1,861 cr
Purchases of Stock-in-Trade₹80 cr
Inventory Change (±)₹-214 cr
Employee Benefit Expense₹173 cr
Finance Costs₹37 cr
Depreciation & Amortisation₹206 cr
Other Expenses₹811 cr
Total Expenses₹2,954 cr
Profit before Tax₹601 cr
Tax Expense₹150 cr
Net Profit₹451 cr
Net margin on total income12.7%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹1,727 cr48.6%
Employee benefit expense₹173 cr4.9%
Finance costs₹37 cr1.0%
Depreciation & amortisation₹206 cr5.8%
Other expenses₹811 cr22.8%
Tax expense₹150 cr4.2%
Profit for the period₹451 cr12.7%
Total income ₹3,555 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue2,737 cr2,933 cr3,455 cr
Total income2,814 cr2,929 cr3,555 cr
Expenses2,323 cr2,528 cr2,954 cr
Profit before tax491 cr401 cr601 cr
Tax109 cr101 cr150 cr
Net profit (owners' share)382 cr257 cr629 cr
Net margin (owners' share, on revenue)14.0%8.8%18.2%
EPS (₹)19.7715.4923.32
YoY (latest quarter): total income +24.0% · net profit +756.5%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹17,766 cr
Shareholder equity
₹10,955 cr
parent shareholders
Total debt
₹4,106 cr
Cash
₹61 cr
Cash flow · H1 FY26
Operating
₹1,263 cr
Investing
₹-1,296 cr
Financing
₹29 cr
Peer comparison
Tyres & Rubber Products · by market value
CompanyPriceMarket capP/E
MRF Limited₹1,24,585₹52,824 cr26.7
Balkrishna Industries Limitedthis company₹2,171₹41,962 cr23.3
Apollo Tyres Limited₹412₹26,176 cr18.7
CEAT Limited₹3,431₹13,724 cr801.7
JK Tyre & Industries Limited₹349₹10,049 cr56.2
TVS Srichakra Limited₹4,886₹3,743 cr27.5
Tolins Tyres Limited₹88₹349 cr14.0
Modi Rubber Limited₹124₹310 cr18.2
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.74%
trailing 12 months
Dividend / share (TTM)
₹16
Last dividend
₹4
ex 4 Aug 2026
ActionDetailEx-date
Dividend₹4 / share4 Aug 2026
Dividend₹4 / share17 Jul 2026
Dividend₹4 / share2 Feb 2026
Dividend₹4 / share7 Nov 2025
Dividend₹4 / share31 Jul 2025
Dividend₹4 / share11 Jul 2025
Who owns it · 2026-06-30
No pledge
Promoter
58.3%
FII / Foreign
10.3%
DII / Domestic
24.6%
Retail / others
6.8%
Smart-money activity
Insider trades
BoughtShri Rishabh Poddar · Promoters17.90 L26 Mar 21
SoldSmt. shyamlata S Poddar · Promoters17.90 L26 Mar 21
SoldShri Rishabh Poddar · Promoters17.90 L24 Sep 20
Bulk / block deals
short · NSE21 Sep 26
short · NSE231 Aug 26
BoughtBNP PARIBAS FINANCIAL MARKETS · NSE10.20 L @ ₹2,281.0431 Aug 26
Stake changes
BoughtHDFC Mutual Fund→ 9.16% · 38.76 L16 Mar 26
BoughtHDFC Mutual Fund→ 7.16% · 41.29 L17 Jul 25
BoughtHDFC Mutual Fund→ 5.02% · 88,34720 Dec 24
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 22 Jan 2026
See the official result
1
Reappointment of Mr Arvind Poddar DIN 00089984 as Chairman & Managing Director of the Company
Promoters had a personal stake in this
Backed by 79% of shareholders other than promotersneeded 75%
5.18 cr votes for, 1.34 cr against · 21% of mutual funds and other big investors said no
2
Appointment of Mr Natarajan Gnanaskandan Tanjore DIN 00013939 as an Independent Director of the Company
Backed by 100% of shareholders other than promotersneeded 75%
6.55 cr votes for, 86,655 against · 0% of mutual funds and other big investors said no
3
Appointment of Mr Ashok Saraf DIN 01627873 as a NonExecutive NonIndependent Director of the Company
Backed by 100% of shareholders other than promotersneeded 50%
6.54 cr votes for, 1.76 L against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 13 named members
owning 58.3% between them · as of 2026-06-30
RAJIV PODDAR27.71%
VKP ENTERPRISES LLP24.95%
KHUSHBOO RAJIV PODDAR3.93%
RISHABH SURESHKUMAR PODDAR1.44%
TMP ENTERPRIES LLP0.26%
AKP ENTERPRISES LLPno shares
ARVINDKUMAR M PODDARno shares
BALGOPAL HOLDING & TRADERS LTDno shares

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.