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Last Updated: April 2, 2026, 2:40 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 502355 | NSE: BALKRISIND

Balkrishna Industries Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:40 am

Market Cap 41,130 Cr.
Current Price 2,128
Intrinsic Value₹2,114.11
High / Low 2,818/2,015
Stock P/E31.3
Book Value 540
Dividend Yield0.75 %
ROCE16.7 %
ROE15.8 %
Face Value 2.00
PEG Ratio-17.58

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Balkrishna Industries Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Balkrishna Industries Ltd 41,130 Cr. 2,128 2,818/2,01531.3 5400.75 %16.7 %15.8 % 2.00
Apollo Tyres Ltd 26,373 Cr. 415 540/36818.0 2451.20 %11.4 %8.61 % 1.00
CEAT Ltd 13,696 Cr. 3,386 4,438/2,32222.0 1,1300.89 %15.4 %11.8 % 10.0
JK Tyre & Industries Ltd 11,353 Cr. 394 612/23215.6 1820.76 %12.8 %11.1 % 2.00
TVS Srichakra Ltd 2,600 Cr. 3,395 4,788/2,43055.5 1,5080.50 %5.36 %2.35 % 10.0
Industry Average16,128.83 Cr1,736.6728.50642.331.25%12.44%9.83%5.83

All Competitor Stocks of Balkrishna Industries Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 2,1662,3172,1592,2532,2742,6822,7142,4202,5602,7522,7602,3932,737
Expenses 1,8961,8371,6581,7201,7342,0012,0511,8401,9602,1392,2541,8822,094
Operating Profit 269480501533541681664580601614506511643
OPM % 12%21%23%24%24%25%24%24%23%22%18%21%24%
Other Income 45571061076617116290187991077177
Interest 14262224363122411650313334
Depreciation 149156155160161174163166173178188193195
Profit before tax 151355430456409647640463600485394357491
Tax % 28%27%23%24%25%25%23%25%25%24%27%24%22%
Net Profit 108260332347305487490347449369288273382
EPS in Rs 5.6113.4417.1717.9715.8025.1825.3517.9523.2519.0614.9114.1319.77

Last Updated: February 6, 2026, 2:16 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 23, 2026, 12:46 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 3,7683,8133,2373,7234,4445,2104,8115,7838,2959,7609,36910,44710,643
Expenses 2,8783,0862,3712,5923,3413,9043,5373,9726,2868,0477,1137,9898,369
Operating Profit 8907278661,1311,1031,3061,2741,8112,0091,7122,2562,4582,274
OPM % 24%19%27%30%25%25%26%31%24%18%24%24%21%
Other Income 14277131254340215250171438342449539355
Interest 2748402215121112948113129147
Depreciation 170244282304311333374416455571651681754
Profit before tax 7067136741,0591,1161,1771,1401,5551,9821,4351,9412,1871,728
Tax % 33%34%34%32%34%34%16%24%28%26%24%24%
Net Profit 4754734467177367749601,1781,4351,0571,4711,6551,312
EPS in Rs 24.5524.4523.0637.0838.0640.0249.6460.9174.2554.7076.1285.6167.87
Dividend Payout % 4%5%12%11%21%20%40%28%38%29%21%19%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-0.42%-5.71%60.76%2.65%5.16%24.03%22.71%21.82%-26.34%39.17%12.51%
Change in YoY Net Profit Growth (%)0.00%-5.29%66.47%-58.11%2.51%18.87%-1.32%-0.89%-48.16%65.51%-26.66%

Balkrishna Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:11%
5 Years:17%
3 Years:8%
TTM:6%
Compounded Profit Growth
10 Years:12%
5 Years:13%
3 Years:2%
TTM:-11%
Stock Price CAGR
10 Years:22%
5 Years:13%
3 Years:6%
1 Year:-21%
Return on Equity
10 Years:18%
5 Years:17%
3 Years:15%
Last Year:16%

Last Updated: September 5, 2025, 12:25 am

Balance Sheet

Last Updated: December 4, 2025, 1:01 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 19191919393939393939393939
Reserves 1,8762,2572,7563,5244,0454,6154,9705,9616,8947,5188,81510,34910,401
Borrowings 2,4392,3581,8981,3918678719321,0012,5293,3473,0993,2673,682
Other Liabilities 6886857258559279548661,1661,5171,4441,7311,9802,384
Total Liabilities 5,0215,3185,3985,7895,8786,4796,8068,16610,97912,34813,68515,63516,505
Fixed Assets 2,3892,4152,8592,8492,8492,7863,3083,3704,0195,3846,3176,9417,062
CWIP 5656342311101196005878561,2581,3929449861,757
Investments 3704448361,3491,1031,0831,0621,4181,8972,0372,6863,2643,113
Other Assets 1,6971,8251,4731,4811,8082,0101,8502,5233,8053,5353,7374,4434,574
Total Assets 5,0215,3185,3985,7895,8786,4796,8068,16610,97912,34813,68515,63516,505

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 6029841,0728477508201,1731,3399081,4482,0821,764
Cash from Investing Activity + -1,230-435-552-563-92-636-678-1,173-1,897-1,783-1,475-1,480
Cash from Financing Activity + 365-130-625-589-654-165-495-158980359-601-279
Net Cash Flow -263419-105-30642018-92356
Free Cash Flow -28461483366633986390416-681-3041,001316
CFO/OP 88%165%151%103%103%94%115%93%68%105%111%91%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow888.00725.00865.000.00-866.00-870.00-931.000.000.00-2.00-1.00-1.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 595643403936454848425652
Inventory Days 11476102110105113105148162124108129
Days Payable 8274888770586510380376654
Cash Conversion Cycle 915858647592849313012999126
Working Capital Days 21-23-61-387613-47-3-10-17-16
ROCE %18%17%15%20%22%22%17%24%24%14%16%17%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 58.30%58.30%58.30%58.30%58.30%58.30%58.30%58.30%58.30%58.30%58.30%58.30%
FIIs 12.42%12.40%12.53%12.69%12.24%12.61%11.72%11.28%11.46%10.50%10.70%11.00%
DIIs 20.21%20.90%21.11%21.32%21.97%22.29%23.31%23.81%23.63%24.71%24.55%24.42%
Government 0.10%0.10%0.10%0.10%0.11%0.15%0.15%0.15%0.15%0.14%0.14%0.00%
Public 8.99%8.30%7.94%7.59%7.38%6.65%6.52%6.46%6.46%6.37%6.31%6.29%
No. of Shareholders 1,46,8041,40,4901,36,2141,25,3411,34,8311,23,4351,24,3881,18,9661,23,7551,27,4011,23,4061,23,337

Shareholding Pattern Chart

No. of Shareholders

Balkrishna Industries Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Mid Cap Fund 13,224,300 3.31 3049.26N/AN/AN/A
Parag Parikh Flexi Cap Fund 4,189,074 0.72 965.924,189,0742025-04-22 17:25:410%
SBI Large & Midcap Fund 2,900,000 1.78 668.682,546,3452026-02-22 05:51:1913.89%
Kotak Flexicap Fund 1,700,000 0.69 391.99N/AN/AN/A
ICICI Prudential Large & Mid Cap Fund 1,219,392 1.02 281.171,200,7052025-12-15 00:17:391.56%
HDFC Large and Mid Cap Fund 1,124,905 0.92 259.38N/AN/AN/A
Nippon India Growth Mid Cap Fund 1,100,000 0.61 253.64N/AN/AN/A
SBI Multicap Fund 1,100,000 1.1 253.64675,1142026-01-26 08:16:0662.94%
ICICI Prudential Multi Asset Fund 907,307 0.26 209.21926,9002026-02-22 05:51:19-2.11%
HDFC Multi Cap Fund 862,866 1.04 198.96812,8662026-02-22 05:51:196.15%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 2.002.002.002.002.00
Basic EPS (Rs.) 85.6176.1254.7074.2560.91
Diluted EPS (Rs.) 85.6176.1254.7074.2560.91
Cash EPS (Rs.) 120.83109.7984.2397.8182.45
Book Value[Excl.RevalReserv]/Share (Rs.) 537.38458.04390.94358.67310.39
Book Value[Incl.RevalReserv]/Share (Rs.) 537.38458.04390.94358.67310.39
Revenue From Operations / Share (Rs.) 540.45484.68504.89429.13299.18
PBDIT / Share (Rs.) 155.01139.92106.24126.57102.57
PBIT / Share (Rs.) 119.80106.2576.71103.0281.03
PBT / Share (Rs.) 113.16100.4174.23102.5480.44
Net Profit / Share (Rs.) 85.6276.1254.7074.2660.92
NP After MI And SOA / Share (Rs.) 85.6276.1254.7074.2660.92
PBDIT Margin (%) 28.6828.8621.0429.4934.28
PBIT Margin (%) 22.1621.9215.1924.0027.08
PBT Margin (%) 20.9320.7114.7023.8926.88
Net Profit Margin (%) 15.8415.7010.8317.3020.36
NP After MI And SOA Margin (%) 15.8415.7010.8317.3020.36
Return on Networth / Equity (%) 15.9316.6113.9920.7019.62
Return on Capital Employeed (%) 20.2920.4816.4725.7125.00
Return On Assets (%) 10.5810.758.5613.0714.41
Long Term Debt / Equity (X) 0.030.070.130.070.00
Total Debt / Equity (X) 0.310.340.440.360.16
Asset Turnover Ratio (%) 0.710.710.840.860.77
Current Ratio (X) 1.321.271.171.201.31
Quick Ratio (X) 0.890.900.670.680.81
Inventory Turnover Ratio (X) 6.712.942.943.073.12
Dividend Payout Ratio (NP) (%) 18.6821.0129.2539.0519.70
Dividend Payout Ratio (CP) (%) 13.2414.5718.9929.6514.55
Earning Retention Ratio (%) 81.3278.9970.7560.9580.30
Cash Earning Retention Ratio (%) 86.7685.4381.0170.3585.45
Interest Coverage Ratio (X) 23.3523.9642.75267.40174.22
Interest Coverage Ratio (Post Tax) (X) 13.9014.0423.01157.87104.47
Enterprise Value (Cr.) 52453.3047822.3740991.7843811.1033598.82
EV / Net Operating Revenue (X) 5.025.104.205.285.81
EV / EBITDA (X) 17.5117.6819.9617.9116.95
MarketCap / Net Operating Revenue (X) 4.724.783.874.985.65
Retention Ratios (%) 81.3178.9870.7460.9480.29
Price / BV (X) 4.745.064.995.965.45
Price / Net Operating Revenue (X) 4.724.783.874.985.65
EarningsYield 0.030.030.020.030.03

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Balkrishna Industries Ltd as of April 3, 2026 is: ₹2,152.44

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of April 3, 2026, Balkrishna Industries Ltd is Undervalued by 1.15% compared to the current share price ₹2,128.00

Intrinsic Value of Balkrishna Industries Ltd as of April 3, 2026 is: ₹2,114.11

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of April 3, 2026, Balkrishna Industries Ltd is Overvalued by 0.65% compared to the current share price ₹2,128.00

Last 5 Year EPS CAGR: -1.78%

*Investments are subject to market risks

About the Company - Qualitative Analysis

Balkrishna Industries Ltd. is a Public Limited Listed company incorporated on 20/11/1961 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L99999MH1961PLC012185 and registration number is 012185. Currently Company is involved in the business activities of Manufacture of rubber tyres and tubes. Company's Total Operating Revenue is Rs. 10412.88 Cr. and Equity Capital is Rs. 38.66 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Tyres & TubesB-66, Waluj MIDC, Waluj Industrial Area, Aurangabad Maharashtra 431136Contact not found
Management
NamePosition Held
Mr. Arvind PoddarChairman & Managing Director
Mr. Rajiv PoddarJoint Managing Director
Mr. Vipul ShahWhole Time Director & Co. Secretary
Mrs. Vijaylaxmi PoddarNon Exe.Non Ind.Director
Mr. Pannkaj GhadialiInd. Non-Executive Director
Ms. Shruti ShahInd. Non-Executive Director
Mr. Laxmidas MerchantInd. Non-Executive Director
Mr. Rahul DuttInd. Non-Executive Director

FAQ

What is the intrinsic value of Balkrishna Industries Ltd?

Balkrishna Industries Ltd's intrinsic value (as of 03 April 2026) is ₹2114.11 which is 0.65% lower the current market price of ₹2,128.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's ₹41,130 Cr. market cap, FY2026-2027 high/low of ₹2,818/2,015, reserves of ₹10,401 Cr, and liabilities of ₹16,505 Cr.

What is the Market Cap of Balkrishna Industries Ltd?

The Market Cap of Balkrishna Industries Ltd is 41,130 Cr..

What is the current Stock Price of Balkrishna Industries Ltd as on 03 April 2026?

The current stock price of Balkrishna Industries Ltd as on 03 April 2026 is ₹2,128.

What is the High / Low of Balkrishna Industries Ltd stocks in FY 2026-2027?

In FY 2026-2027, the High / Low of Balkrishna Industries Ltd stocks is ₹2,818/2,015.

What is the Stock P/E of Balkrishna Industries Ltd?

The Stock P/E of Balkrishna Industries Ltd is 31.3.

What is the Book Value of Balkrishna Industries Ltd?

The Book Value of Balkrishna Industries Ltd is 540.

What is the Dividend Yield of Balkrishna Industries Ltd?

The Dividend Yield of Balkrishna Industries Ltd is 0.75 %.

What is the ROCE of Balkrishna Industries Ltd?

The ROCE of Balkrishna Industries Ltd is 16.7 %.

What is the ROE of Balkrishna Industries Ltd?

The ROE of Balkrishna Industries Ltd is 15.8 %.

What is the Face Value of Balkrishna Industries Ltd?

The Face Value of Balkrishna Industries Ltd is 2.00.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Balkrishna Industries Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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