BALKRISHNA INDUSTRIES LTD
Balkrishna Industries Limited (BKT) started its Off-Highway tyre business in 1987. For over 30 years, BKT has successfully focused on specialist segments such as agricultural, construction and industrial as well as earthmoving, port and mining, ATV, and gardening applications.
Key Business
- Agricultural
- Industrial & Construction
- Earthmovers & Ports
- Mining
- Forestry
- Lawn & Garden
- All terrain vehicles
- Turf Care Applications in both cross ply and radial construction
Shareholding Pattern
PUBLIC GROUP
PROMOTER GROUP
Financial Summary
| Particulars | March 2024 | March 2023 | March 2022 |
| Sales | 9,369 | 9,760 | 8,295 |
| Sales Growth % | -4.00% | 17.65% | 43.44% |
| Expenses | 7,114 | 8,047 | 6,286 |
| Operating Profit | 2,255 | 1,712 | 2,009 |
| OPM % | 24% | 18% | 24% |
| Profit after tax | 1,4719 | 1,057 | 1,435 |
| EPS in Rs | 76.12 | 54.70 | 74.25 |
Synopsis Of Financials
- Gross debt at Rs.3,036 crores, cash and cash equivalents at Rs.2746 crores.
- Net debt of approximately Rs.789.290 crores.
- Repaid Rs.175 crores of long-term debt in April 2024.
- Final dividend of Rs.4 per equity share declared subject to shareholder approval.
Final Outlook
BKT’s 4th quarter has shown a 88% YOY increase in net profit which is a main reason for share price increase and maintaining an all time high and also Q4 EBITDA also increased by 66% but Market Cap of the firm fell to 43,342 cr which can be a reason for fall in stock on jan last week.
SELL, Recommendation will be advisable for now as stock already hit a 52 week high or upper circuit so now it is a perfect time to sell as price will not hit now in short term according to me and the ratios are also better in peers.
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