Balkrishna IND. Ltd
NSE: BALKRISIND · Tyres & Rubber Products · sector
₹2,109.40NSE close 2026-10-26
Key numbers
Market cap₹40,775 cr
Price₹2,109.40
52w high / low₹2,775 / ₹1,965
P/E29.0xSector median 20.0x
P/B3.7xSector median 2.4x
Book value₹566.8
Dividend yield0.76%Sector median 0.98%
ROE14.4%Sector median 9.0%
ROCE13.2%Sector median 11.2%
OPM22.0%Sector median 5.6%
Debt / equity0.37xSector median 0.37x
EV/EBITDA17.1xSector median 14.4x
Interest cover14.2x
Current ratio1.01x
Sales growth 3y+3.5%Sector median +3.7%
Profit growth 3y-6.0%Sector median +13.1%
PEG5.24x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 17 companies in Tyres & Rubber Products (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹1,392 cr vs borrowings ₹4,106 cr (FY26): borrowings are higher by ₹2,714 cr.
- Operating profit covered interest 14.2x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 2 of the last 5 years (FY25, FY22).
- Revenue was higher than a year earlier in 3 of the last 4 quarters.
- Other income was 16% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹2,109.40 on 2026-10-26: -24.0% from the 52-week high, +7.4% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹3,129.45 · low ₹2,010.30
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,420 | 2,560 | 2,752 | 2,760 | 2,393 | 2,737 | 2,933 | 3,455 |
| EBITDA | 580 | 601 | 614 | 506 | 511 | 643 | 640 | 744 |
| OPM % | 24.0% | 23.5% | 22.3% | 18.3% | 21.4% | 23.5% | 21.8% | 21.5% |
| Other income | 90 | 187 | 99 | 107 | 71 | 77 | -4 | 100 |
| Net profit | 347 | 596 | 548 | 73 | 273 | 382 | 257 | 629 |
| EPS (₹) | 17.95 | 23.25 | 19.06 | 14.91 | 14.13 | 19.77 | 15.49 | 23.32 |
| Revenue YoY | -1.1% | +6.9% | +6.6% | +25.2% | ||||
| Profit YoY | -21.3% | -35.9% | -53.1% | +756.5% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 8,295 | 9,760 | 9,369 | 10,447 | 10,823 | 11,518 |
| EBITDA | 2,009 | 1,707 | 2,255 | 2,458 | 2,300 | 2,539 |
| Net profit | 1,435 | 1,057 | 1,471 | 1,843 | 877 | 1,541 |
| EPS (₹) | 74.25 | 54.70 | 76.12 | 85.61 | 64.30 | 72.71 |
| Revenue growth | +17.7% | -4.0% | +11.5% | +3.6% | +9.8% | |
| Profit growth | -26.3% | +39.2% | +25.3% | -52.4% | -1.5% | |
| Dividend / share (₹) | 4.00 | 16.00 | 16.00 | 16.00 | 16.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +3.5% | +13.4% | +9.8% |
| Net profit | -6.0% | -5.7% | -1.5% |
| EPS | +5.5% | +1.1% | – |
| Share price | – | -17.1% (2y) | -11.8% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 7,557 | 8,854 | 10,388 | 10,955 |
| Borrowings | – | 3,342 | 3,095 | 3,263 | 4,106 |
| Cash & equivalents | – | 851 | 1,429 | 1,789 | 1,392 |
| Total assets | – | 12,348 | 13,685 | 15,635 | 17,766 |
| Fixed assets | – | 5,307 | 6,232 | 6,856 | 7,327 |
| Capital work in progress | – | 1,392 | 944 | 986 | 2,472 |
| Investments | – | 1,262 | 1,337 | 1,562 | 1,796 |
| Receivables | – | 1,115 | 1,445 | 1,495 | 1,447 |
| Inventory | – | 1,667 | 1,332 | 1,782 | 1,808 |
| Payables | – | 492 | 910 | 754 | 912 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 908 | 1,448 | 2,083 | 1,764 | 2,249 |
| Cash from investing | -1,897 | -1,783 | -1,476 | -1,479 | -2,523 |
| Cash from financing | 980 | 359 | -602 | -279 | 254 |
| Capex | 2,667 | 1,762 | 1,099 | 1,483 | 3,003 |
| Free cash flow | -1,759 | -314 | 984 | 281 | -754 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 14.0% | 16.6% | 17.7% | 8.0% |
| ROCE % | – | 13.6% | 17.2% | 17.0% | 11.8% |
| Debtor days | – | 42 | 56 | 52 | 49 |
| Inventory days | – | 124 | 108 | 129 | 126 |
| Payable days | – | 37 | 74 | 54 | 64 |
| Cash conversion cycle (days) | – | 129 | 90 | 127 | 111 |
| Working capital days | – | 22 | 38 | 47 | 2 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 58.29% |
| FIIs | 9.07% |
| DIIs | 25.46% |
| of which Mutual funds | 20.52% |
| of which Insurance | 4.78% |
| Government | 0.00% |
| Public (non-institutions) | 7.18% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 58.29% | 58.29% | 58.29% | 58.29% | 58.29% | 58.29% | 58.29% | 58.29% |
| Promoter group | % |
|---|---|
| Rajiv Poddar | 27.71% |
| VKP Enterprises LLP | 24.95% |
| Khushboo Rajiv Poddar | 3.93% |
| Rishabh Sureshkumar Poddar | 1.44% |
| TMP Enterpries LLP | 0.26% |
| Shyamlata Sureshkumar Poddar | 0.00% |
| Arvindkumar M Poddar | 0.00% |
| Vijayalaxmi A Poddar | 0.00% |
| Balgopal Holding & Traders Ltd | 0.00% |
| Poddar Brothers Investment Private Limited | 0.00% |
| S P Investrade (India) Limited | 0.00% |
| AKP Enterprises LLP | 0.00% |
| RAP Enterprises LLP | 0.00% |
| Public holders above 1% | % |
|---|---|
| HDFC Mutual Fund-hdfc Retirement Fund - Hybrid-deb | 9.58% |
| Life Insurance Corporation of India - Ulif00420091 | 4.17% |
| SBI Large & Midcap Fund | 3.45% |
| Nippon Life India Trustee Ltd- A/C Nippon India GR | 3.27% |
| Government Pension Fund Global | 1.51% |
| ICICI Prudential Large & MID CAP Fund | 1.04% |
1,16,596 shareholders. Pledged: 0.00% of promoter shares.
Peers in Tyres & Rubber Products
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| MRF | ₹49,769 cr | 20.6x | 2.4x | 12.2% | 15.2% | 14.9% | +10.6% | 0.20% |
| BALKRISIND | ₹40,775 cr | 29.0x | 3.7x | 14.4% | 13.2% | 22.0% | +3.5% | 0.76% |
| APOLLOTYRE | ₹24,569 cr | 14.3x | 1.5x | 10.8% | 11.0% | 11.9% | +5.0% | 2.20% |
| CEATLTD | ₹12,479 cr | 24.4x | 2.5x | 9.0% | 13.4% | 10.8% | +11.5% | 0.98% |
| JKTYRE | ₹8,661 cr | 13.0x | 1.4x | 11.9% | 12.0% | 10.6% | +3.7% | 0.95% |
| TVSSRICHAK | ₹3,167 cr | 34.3x | 2.7x | 7.2% | 9.0% | 7.6% | +6.9% | 0.40% |
| GOODYEAR | ₹1,515 cr | 28.1x | 2.5x | 8.9% | 13.1% | 4.2% | -5.4% | 3.64% |
| MEGAMONT | ₹446 cr | 49.8x | 13.2x | 55.7% | 17.8% | 1.1% | – | – |
| TOLINS | ₹315 cr | 9.7x | 0.9x | 9.5% | 11.2% | 13.7% | – | – |
| MODIRUBBER | ₹271 cr | – | 0.4x | 0.0% | -2.0% | -73.7% | +86.0% | 1.56% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-08-04 | Dividend | Interim Dividend - Rs 4 Per Share |
| 2026-07-17 | Dividend | Dividend - Rs 4 Per Share |
| 2026-02-02 | Dividend | Interim Dividend - Rs 4 Per Share |
| 2025-11-07 | Dividend | Interim Dividend - Rs 4 Per Share |
| 2025-07-31 | Dividend | Interim Dividend - Rs 4 Per Share |
| 2025-07-11 | Dividend | Dividend - Rs 4 Per Share |
| 2025-01-30 | Dividend | Interim Dividend - Rs 4 Per Share |
| 2024-10-31 | Dividend | Interim Dividend - Rs 4 Per Share |
| 2024-08-20 | Dividend | Interim Dividend - Rs 4 Per Share |
| 2024-07-05 | Dividend | Dividend - Rs 4 Per Share |
| 2024-02-02 | Dividend | Interim Dividend - Rs 4 Per Share |
| 2023-10-31 | Dividend | Interim Dividend - Rs 4 Per Share |
| 2023-08-11 | Dividend | Interim Dividend - Rs 4 Per Share |
| 2023-07-11 | Dividend | Dividend - Rs 4 Per Share |
| 2023-02-17 | Dividend | Interim Dividend - Rs 4 Per Share |
| 2022-11-21 | Dividend | Interim Dividend - Rs 4 Per Share |
| 2022-08-11 | Dividend | Interim Dividend - Rs 4 Per Share |
| 2022-06-24 | Dividend | Dividend - Rs 4 Per Share |
| 2022-02-21 | Dividend | Interim Dividend - Rs 4 Per Share/Special Dividend - Rs 12 Per Share |
| Dividend | Dividend-Nil |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing of Rubber Tires: BKT is one of the world’s leading manufacturers of “Off-Highway Tires” and has made its mark in the specialty segments like Agricultural, Mining, Forestry, Construction,Industrial, Earthmover, Port, ATV (All-Terrain Vehicle) and Turf care applications in both cross ply and radial construction. During the reporting year the Company has launched its on-road tires
| Sector | Consumer Discretionary |
| Industry | Tyres & Rubber Products |
| Sub-industry | Tyres & Rubber Products |
| Symbol | BALKRISIND |
| BSE code | 502355 |
| ISIN | INE787D01026 |
| Face value | ₹2.0 |
| Incorporated | 1961-11-20 |
| Website | www.bkt-tires.com |
| Plants (India / abroad) | 10 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.