As of 6 Nov 2026, Balkrishna Industries trades at 32.7× trailing earnings, above the industry P/E of 25.6×, and the shares are 13% below their 52-week high. Sales and net profit grew 3.6% and 5.5% a year over 3 years, with ROCE of 14% and ROE of 12%. Debt is 0.38× equity, and its dividend yield is 0.7%. It is a mid-cap company with a market cap of ₹46,589 Cr, ranked 7th of 140 Auto Parts companies by market cap; the shares rose 1.6% over the past year.
- ₹2,400.00
- ₹2,416.60
- ₹2,342.70
- ₹2,401.90
- 1.7 L
Health check
- ReturnsIn line
+1.6% over a year, better than 3 of 7 peers.
- Price tagPricier
P/E 32.7 vs industry 25.6.
- GrowthSlow
Sales +3.6%, profit +5.5% a year over 3 years.
- ProfitabilityAverage
ROCE 13.8% vs peer median 16.3%.
- Balance sheetFair
Debt 0.38× equity, interest covered 16.4×, Piotroski 5 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Mid cap
Defensive
Key metrics
- Market cap
- ₹46,589 Cr
- Mid cap
- P/E
- 32.7
- Industry 25.6
- Price to book
- 4.25
- Peers 8.75
- Dividend yield
- 0.71%
- ROE
- 11.6%
- Peers 15.1%
- ROCE
- 13.8%
- Peers 16.3%
- Debt to equity
- 0.38
- Debt ₹4,111 Cr
- EPS (TTM)
- ₹73.71
- Face value ₹2
- OPM (TTM)
- 21.1%
- Net margin 12.2%
- Sales growth
- +25.2%
- Latest quarter vs a year ago
- Profit growth
- +56.4%
- Latest quarter vs a year ago
- Price to sales
- 4.04
- EV/EBITDA 16.3
Strengths and risks
Strengths
- Quarterly profit up 56.4% on a year ago.
- Quarterly sales up 25.2% on a year ago.
- Positive operating cash flow in each of the last 4 years.
About Balkrishna Industries
Balkrishna Industries Limited manufactures and sells tires under the BKT brand in India, Europe, North America, and internationally. The company provides manufacturing and selling of off-highway tires (OHT) for use in various applications, such as agriculture, construction, earthmoving, mining and quarrying, industry, and port operations. It also offers two-wheeler, passenger car radial, and commercial vehicle radial tyres, as well as carbon black.…
- Headquarters
- Mumbai
- Employees
- 4,170
- Sector
- Consumer Cyclical
- ISIN
- INE787D01026
- Website
- bkt-tires.com
Price range
- Avg volume (3M)
- 4 L
- 1-year return
- plus 1.6%
- From 52-week high
- minus 13.2%
Analyst consensus
Next results expected around 27 Jan 2027
Peers · Auto Parts
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MOTHERSONSamvardhana Motherson International | 158.55 | minus 5.62% | 1,68,549 | 35.4 | 3.70 | 11.5% | 10.2% | 9.6% | 17.1% | 37.2% | 0.32% | plus 60.8% |
| BOSCHLTDBosch | 50,700.00 | minus 3.38% | 1,49,545 | 54.2 | 19.50 | 24.2% | 19.4% | 13.4% | 10.3% | 24.8% | 0.53% | plus 38.6% |
| UNOMINDAUNO Minda | 1,326.00 | minus 0.67% | 76,572 | 58.1 | 11.21 | 20.5% | 19.1% | 11.0% | 20.5% | 22.3% | 0.22% | plus 6.6% |
| SONACOMSSona BLW Precision Forgings | 900.00 | minus 1.67% | 56,266 | 75.0 | 8.75 | 13.2% | 11.9% | 23.2% | 18.8% | 17.4% | 0.40% | plus 89.2% |
| SCHAEFFLERSchaeffler India | 3,519.70 | minus 1.17% | 55,014 | 41.9 | 8.97 | 25.7% | 20.2% | 17.9% | 12.3% | 9.4% | 0.99% | minus 13.9% |
| MRFMRF | 1,25,295.00 | minus 0.50% | 53,139 | 22.0 | 2.53 | 15.6% | 12.3% | 15.1% | 10.6% | 46.7% | 0.19% | minus 20.3% |
| BALKRISINDBalkrishna Industries | 2,410.00 | plus 0.34% | 46,589 | 32.7 | 4.25 | 13.8% | 11.6% | 21.1% | 3.6% | 5.5% | 0.71% | plus 1.6% |
| ENDURANCEEndurance Technologies | 2,501.90 | minus 0.70% | 35,192 | 34.6 | 4.87 | 16.3% | 15.1% | 12.7% | 18.2% | 25.7% | 0.46% | minus 13.2% |
| Median of 7 peers | – | −1.17% | 56,266 | 41.9 | 8.75 | 16.3% | 15.1% | 13.4% | 17.1% | 24.8% | 0.40% | 6.6% |
Quarterly results
| ₹ Cr | Jun 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 2,760 | 2,737 | 2,933 | 3,455 | 3,472 | |
| 2,254 | 2,094 | 2,293 | 2,711 | 2,838 | |
| 506 | 643 | 640 | 744 | 634 | |
| 18.3% | 23.5% | 21.8% | 21.5% | 18.2% | |
| 107 | 77.4 | −3.9 | 99.7 | 43.5 | |
| 30.8 | 34.1 | 36.2 | 36.8 | 67.5 | |
| 188 | 195 | 199 | 206 | 220 | |
| 394 | 491 | 401 | 601 | 389 | |
| 26.9% | 22.2% | 25.3% | 25.0% | 24.8% | |
| 288 | 382 | 299 | 451 | 293 | |
| 14.91 | 19.77 | 15.49 | 23.32 | 15.13 |
Profit & loss
- Sales CAGR 3Y
- +3.6%
- Profit CAGR 3Y
- +5.5%
- EPS CAGR 3Y
- +5.5%
- ROE
- 11.6%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 9,646 | 9,304 | 10,357 | 10,730 | |
| – | minus 3.5% | +11.3% | +3.6% | |
| 7,931 | 7,048 | 7,898 | 8,139 | |
| 1,715 | 2,257 | 2,459 | 2,591 | |
| 17.8% | 24.3% | 23.7% | 24.1% | |
| 284 | 223 | 339 | −237 | |
| 42.5 | 101 | 110 | 107 | |
| 571 | 651 | 681 | 775 | |
| 48.8 | 213 | 180 | 171 | |
| 1,435 | 1,941 | 2,187 | 1,644 | |
| 26.3% | 24.2% | 24.3% | 24.4% | |
| 1,057 | 1,471 | 1,655 | 1,243 | |
| – | +39.2% | +12.5% | minus 24.9% | |
| 54.70 | 76.12 | 85.61 | 64.30 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 38.7 | 38.7 | 38.7 | 38.7 | |
| 7,518 | 8,815 | 10,349 | 10,917 | |
| 3,347 | 3,099 | 3,267 | 4,111 | |
| 1,444 | 1,731 | 1,980 | 2,700 | |
| 12,348 | 13,685 | 15,635 | 17,766 | |
| 6,989 | 7,471 | 8,313 | 10,693 | |
| 1,677 | 1,220 | 1,437 | 3,346 | |
| 1,262 | 1,337 | 1,562 | 1,796 | |
| 844 | 1,424 | 1,783 | 1,388 | |
| 1,576 | 2,233 | 2,540 | 542 | |
| 12,348 | 13,685 | 15,635 | 17,766 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,448 | 2,082 | 1,764 | 2,249 | |
| −1,783 | −1,476 | −1,479 | −2,523 | |
| 359 | −601 | −279 | 254 | |
| 23.4 | 5.2 | 5.7 | −19.4 | |
| −1,762 | −1,099 | −1,483 | −3,003 | |
| −315 | 983 | 281 | −754 | |
| −309 | −309 | −310 | −309 |
Shareholding pattern
- Promoters58.29%
- Public41.71%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 58.29% | 41.71% | 0.00 | |
| 30 Jun 2026 | 58.29% | 41.71% | 0.00 | |
| 31 Mar 2026 | 58.29% | 41.71% | 0.00 | |
| 31 Dec 2025 | 58.29% | 41.71% | 0.00 | |
| 30 Sep 2025 | 58.29% | 41.71% | – |
Major shareholders
Filings & events
News
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