BALKRISIND

Balkrishna Industries Limited

Specialty tyres for agriculture, mining, construction and industrial equipment

Consumer Discretionary›Automobile and Auto Components›Auto Components›Tyres & Rubber Products

bkt-tires.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹2052.80
Market cap
39,681 Cr
Stock P/E
28.2
P/B
3.62
Dividend yield
0.8%
ROE (FY26)
11.3%
ROCE (FY26)
11.8%
Operating margin (FY26)
14.1%
Debt / equity (FY26)
0.37
OCF / EBITDA (FY26)
97.8%
OCF / EBITDA (3Y)
86.9%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

BKT (Balkrishna Industries) makes off-highway tyres for agriculture, mining and industrial construction equipment, and also makes carbon black, the raw material used in tyres.

Company snapshot

2ndBy market cap

Ranked among 8 companies in Tyres & Rubber Products.

What we see

Positives
  • ✓87% of operating profit came in as cash over the last three years — profits are backed by real cash.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales2,253 Cr2,274 Cr2,682 Cr2,715 Cr2,420 Cr2,560 Cr2,752 Cr2,760 Cr2,393 Cr2,737 Cr2,933 Cr3,455 Cr
Operating expenses (approx.)1,720 Cr1,734 Cr2,001 Cr2,051 Cr1,840 Cr1,960 Cr2,139 Cr2,254 Cr1,882 Cr2,094 Cr2,293 Cr2,711 Cr
EBITDA533 Cr541 Cr681 Cr664 Cr580 Cr601 Cr614 Cr506 Cr511 Cr643 Cr640 Cr744 Cr
OPM %23.6%23.8%25.4%24.4%24.0%23.5%22.3%18.3%21.4%23.5%21.8%21.5%
Other income107 Cr66 Cr171 Cr162 Cr91 Cr187 Cr99 Cr107 Cr71 Cr77 Cr-4 Cr100 Cr
Interest24 Cr36 Cr31 Cr22 Cr41 Cr16 Cr50 Cr31 Cr33 Cr34 Cr36 Cr37 Cr
Depreciation160 Cr161 Cr174 Cr163 Cr166 Cr173 Cr178 Cr188 Cr193 Cr195 Cr199 Cr206 Cr
Profit before tax456 Cr409 Cr647 Cr640 Cr463 Cr600 Cr485 Cr394 Cr357 Cr491 Cr401 Cr601 Cr
Tax %23.7%25.3%24.7%23.4%25.0%25.0%24.0%26.9%23.5%22.2%25.3%25.0%
Net profit347 Cr305 Cr487 Cr490 Cr347 Cr449 Cr369 Cr288 Cr273 Cr382 Cr299 Cr451 Cr
EPS (₹)₹17.97₹15.80₹25.18₹25.35₹17.95₹23.25₹19.06₹14.91₹14.13₹19.77₹15.49₹23.32

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales3,780 Cr4,461 Cr5,210 Cr4,811 Cr5,783 Cr8,295 Cr9,760 Cr9,369 Cr10,447 Cr10,823 CrSign in free for the trailing twelve months
Operating expenses (approx.)2,649 Cr3,359 Cr3,908 Cr3,540 Cr3,973 Cr6,286 Cr8,052 Cr7,114 Cr7,989 Cr8,523 CrSign in free for the trailing twelve months
EBITDA1,131 Cr1,102 Cr1,302 Cr1,271 Cr1,810 Cr2,009 Cr1,707 Cr2,255 Cr2,458 Cr2,300 CrSign in free for the trailing twelve months
OPM %29.9%24.7%25.0%26.4%31.3%24.2%17.5%24.1%23.5%21.3%Sign in free for the trailing twelve months
Other income254 Cr340 Cr218 Cr251 Cr172 Cr438 Cr347 Cr449 Cr539 Cr252 CrSign in free for the trailing twelve months
Interest22 Cr14 Cr11 Cr9 Cr11 Cr9 Cr48 Cr113 Cr128 Cr134 CrSign in free for the trailing twelve months
Depreciation304 Cr311 Cr333 Cr374 Cr416 Cr455 Cr571 Cr651 Cr681 Cr775 CrSign in free for the trailing twelve months
Profit before tax1,059 Cr1,116 Cr1,177 Cr1,140 Cr1,555 Cr1,982 Cr1,435 Cr1,941 Cr2,187 Cr1,644 CrSign in free for the trailing twelve months
Tax %32.3%34.1%34.2%15.8%24.3%27.6%26.3%24.2%24.3%24.4%Sign in free for the trailing twelve months
Net profit717 Cr736 Cr774 Cr960 Cr1,178 Cr1,435 Cr1,057 Cr1,471 Cr1,655 Cr1,243 CrSign in free for the trailing twelve months
EPS (₹)₹37.08₹38.06₹40.02₹49.64₹60.91₹74.25₹54.70₹76.12₹85.61₹64.30Sign in free for the trailing twelve months
Dividend payout %————19.7%39.0%29.2%21.0%18.7%24.9%Sign in free for the trailing twelve months
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The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital19 Cr39 Cr39 Cr39 Cr39 Cr39 Cr39 Cr39 Cr39 Cr39 Cr
Reserves3,524 Cr4,045 Cr4,615 Cr4,970 Cr5,961 Cr6,894 Cr7,518 Cr8,815 Cr10,349 Cr10,917 Cr
Borrowings797 Cr651 Cr871 Cr931 Cr1,000 Cr2,529 Cr3,342 Cr3,095 Cr3,263 Cr4,106 Cr
Other liabilities1,449 Cr1,144 Cr954 Cr868 Cr1,166 Cr1,517 Cr1,449 Cr1,735 Cr1,985 Cr2,705 Cr
Total liabilities5,789 Cr5,878 Cr6,479 Cr6,806 Cr8,166 Cr10,979 Cr12,348 Cr13,685 Cr15,635 Cr17,766 Cr
Fixed assets (net)2,793 Cr2,795 Cr2,707 Cr3,220 Cr3,283 Cr3,939 Cr5,307 Cr6,232 Cr6,856 Cr7,327 Cr
CWIP110 Cr118 Cr600 Cr587 Cr856 Cr1,258 Cr1,392 Cr944 Cr986 Cr2,472 Cr
Investments1,349 Cr1,103 Cr1,160 Cr1,148 Cr1,504 Cr1,976 Cr2,107 Cr2,750 Cr3,326 Cr3,180 Cr
Loans & advances——5 Cr4 Cr4 Cr4 Cr4 Cr7 Cr10 Cr10 Cr
Inventories476 Cr619 Cr759 Cr616 Cr940 Cr1,672 Cr1,667 Cr1,332 Cr1,782 Cr1,808 Cr
Trade receivables412 Cr480 Cr517 Cr590 Cr754 Cr1,096 Cr1,115 Cr1,445 Cr1,495 Cr1,447 Cr
Cash & bank23 Cr26 Cr46 Cr47 Cr55 Cr46 Cr69 Cr75 Cr80 Cr61 Cr
Other assets627 Cr737 Cr685 Cr595 Cr771 Cr988 Cr686 Cr900 Cr1,101 Cr1,462 Cr
Total assets5,789 Cr5,878 Cr6,479 Cr6,806 Cr8,166 Cr10,979 Cr12,348 Cr13,685 Cr15,635 Cr17,766 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity847 Cr750 Cr820 Cr1,173 Cr1,339 Cr908 Cr1,448 Cr2,083 Cr1,764 Cr2,249 Cr
Cash from investing-563 Cr-92 Cr-636 Cr-678 Cr-1,173 Cr-1,897 Cr-1,783 Cr-1,476 Cr-1,479 Cr-2,523 Cr
Cash from financing-589 Cr-654 Cr-165 Cr-495 Cr-158 Cr980 Cr359 Cr-602 Cr-279 Cr254 Cr
Net cash flow-306 Cr4 Cr20 Cr0.69 Cr8 Cr-9 Cr23 Cr5 Cr6 Cr-19 Cr
Free cash flow (OCF − Capex)662 Cr330 Cr81 Cr389 Cr413 Cr-1,759 Cr-314 Cr984 Cr281 Cr-754 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %24.9%23.9%21.5%19.3%22.4%21.0%13.6%17.2%17.0%11.8%
ROE %20.2%18.0%16.6%19.2%19.6%20.7%14.0%16.6%15.9%11.3%
Debtor days40393645474842565249
Inventory days110104113111144154126110130128
Days payable876958691007637755565
Cash conversion cycle637492879112613191127112
OCF / EBITDA %74.9%68.1%63.0%92.3%74.0%45.2%84.8%92.3%71.8%97.8%
OCF / EBITDA % (3 years)——68.4%74.7%76.0%67.2%66.9%74.3%82.5%86.9%
Debt / equity0.220.160.190.190.170.360.440.350.310.37
Current ratio1.061.401.401.231.311.201.171.271.321.01
Net debt / EBITDA0.68—0.630.700.521.241.921.341.291.76