Shares of Balkrishna Industries were trading at Rs 2,454.60, up 2.12% in early trade on Tuesday. At 9:29 am, the stock witnessed positive movement on the NSE. The stock is a constituent of the Nifty Midcap 150 index.
Financial Snapshot:
Balkrishna Industries' financial performance reveals the following:
Consolidated Quarterly Results:
| Heading | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|
| Revenue | Rs 2,714.50 Crore | Rs 2,419.74 Crore | Rs 2,560.33 Crore | Rs 2,752.38 Crore | Rs 2,760.02 Crore |
| Net Profit | Rs 489.99 Crore | Rs 346.94 Crore | Rs 449.48 Crore | Rs 368.55 Crore | Rs 288.30 Crore |
| EPS | 25.35 | 17.95 | 23.25 | 19.06 | 14.91 |
The revenue for the quarter ending June 2025 stood at Rs 2,760.02 Crore, slightly higher than the Rs 2,714.50 Crore recorded in June 2024. However, the net profit decreased to Rs 288.30 Crore in June 2025 from Rs 489.99 Crore in June 2024.
Consolidated Yearly Results:
| Heading | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | Rs 5,783.19 Crore | Rs 8,295.12 Crore | Rs 9,759.53 Crore | Rs 9,368.87 Crore | Rs 10,446.95 Crore |
| Net Profit | Rs 1,177.53 Crore | Rs 1,435.38 Crore | Rs 1,057.40 Crore | Rs 1,471.49 Crore | Rs 1,654.96 Crore |
| EPS | 60.91 | 74.25 | 54.70 | 76.12 | 85.61 |
| BVPS | 310.39 | 358.67 | 390.94 | 458.04 | 537.38 |
| ROE | 19.62 | 20.70 | 13.99 | 16.61 | 15.93 |
| Debt to Equity | 0.17 | 0.36 | 0.44 | 0.35 | 0.31 |
The company's revenue for the year ending March 2025 increased to Rs 10,446.95 Crore from Rs 9,368.87 Crore in the previous year. The net profit also increased from Rs 1,471.49 Crore in March 2024 to Rs 1,654.96 Crore in March 2025.
Annual Income Statement:
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Sales | Rs 10,446 Crore | Rs 9,368 Crore | Rs 9,759 Crore | Rs 8,295 Crore | Rs 5,783 Crore |
| Other Income | Rs 538 Crore | Rs 449 Crore | Rs 346 Crore | Rs 437 Crore | Rs 172 Crore |
| Total Income | Rs 10,985 Crore | Rs 9,818 Crore | Rs 10,106 Crore | Rs 8,733 Crore | Rs 5,955 Crore |
| Total Expenditure | Rs 8,670 Crore | Rs 7,764 Crore | Rs 8,623 Crore | Rs 6,741 Crore | Rs 4,389 Crore |
| EBIT | Rs 2,315 Crore | Rs 2,053 Crore | Rs 1,482 Crore | Rs 1,991 Crore | Rs 1,566 Crore |
| Interest | Rs 128 Crore | Rs 112 Crore | Rs 48 Crore | Rs 9 Crore | Rs 11 Crore |
| Tax | Rs 532 Crore | Rs 469 Crore | Rs 377 Crore | Rs 546 Crore | Rs 377 Crore |
| Net Profit | Rs 1,654 Crore | Rs 1,471 Crore | Rs 1,057 Crore | Rs 1,435 Crore | Rs 1,177 Crore |
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Operating Activities | Rs 1,764 Crore | Rs 2,082 Crore | Rs 1,447 Crore | Rs 908 Crore | Rs 1,339 Crore |
| Investing Activities | Rs -1,479 Crore | Rs -1,475 Crore | Rs -1,783 Crore | Rs -1,897 Crore | Rs -1,173 Crore |
| Financing Activities | Rs -279 Crore | Rs -601 Crore | Rs 358 Crore | Rs 980 Crore | Rs -158 Crore |
| Others | Rs 0 Crore | Rs 0 Crore | Rs 0 Crore | Rs 0 Crore | Rs 0 Crore |
| Net Cash Flow | Rs 5 Crore | Rs 5 Crore | Rs 23 Crore | Rs -9 Crore | Rs 8 Crore |
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Share Capital | Rs 38 Crore | Rs 38 Crore | Rs 38 Crore | Rs 38 Crore | Rs 38 Crore |
| Reserves & Surplus | Rs 10,348 Crore | Rs 8,815 Crore | Rs 7,518 Crore | Rs 6,894 Crore | Rs 5,961 Crore |
| Current Liabilities | Rs 4,226 Crore | Rs 3,660 Crore | Rs 3,349 Crore | Rs 3,235 Crore | Rs 1,901 Crore |
| Other Liabilities | Rs 1,020 Crore | Rs 1,170 Crore | Rs 1,441 Crore | Rs 810 Crore | Rs 265 Crore |
| Total Liabilities | Rs 15,634 Crore | Rs 13,684 Crore | Rs 12,347 Crore | Rs 10,978 Crore | Rs 8,166 Crore |
| Fixed Assets | Rs 7,926 Crore | Rs 7,261 Crore | Rs 6,775 Crore | Rs 5,277 Crore | Rs 4,225 Crore |
| Current Assets | Rs 5,571 Crore | Rs 4,644 Crore | Rs 3,927 Crore | Rs 3,894 Crore | Rs 2,481 Crore |
| Other Assets | Rs 2,136 Crore | Rs 1,778 Crore | Rs 1,644 Crore | Rs 1,807 Crore | Rs 1,458 Crore |
| Total Assets | Rs 15,634 Crore | Rs 13,684 Crore | Rs 12,347 Crore | Rs 10,978 Crore | Rs 8,166 Crore |
| Contingent Liabilities | Rs 1,583 Crore | Rs 1,678 Crore | Rs 1,419 Crore | Rs 1,320 Crore | Rs 1,292 Crore |
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Basic EPS (Rs.) | 85.61 | 76.12 | 54.70 | 74.25 | 60.91 |
| Diluted Eps (Rs.) | 85.61 | 76.12 | 54.70 | 74.25 | 60.91 |
| Book Value [Excl. Reval Reserve]/Share (Rs.) | 537.38 | 458.04 | 390.94 | 358.67 | 310.39 |
| Dividend/Share (Rs.) | 16.00 | 16.00 | 16.00 | 28.00 | 17.00 |
| Face Value | 2 | 2 | 2 | 2 | 2 |
| Gross Profit Margin (%) | 28.68 | 28.86 | 21.04 | 29.49 | 34.28 |
| Operating Margin (%) | 22.16 | 21.92 | 15.19 | 24.00 | 27.08 |
| Net Profit Margin (%) | 15.84 | 15.70 | 10.83 | 17.30 | 20.36 |
| Return on Networth / Equity (%) | 15.93 | 16.61 | 13.99 | 20.70 | 19.62 |
| ROCE (%) | 20.29 | 20.48 | 16.47 | 25.71 | 25.00 |
| Return On Assets (%) | 10.58 | 10.75 | 8.56 | 13.07 | 14.41 |
| Current Ratio (X) | 1.32 | 1.27 | 1.17 | 1.20 | 1.31 |
| Quick Ratio (X) | 0.90 | 0.90 | 0.67 | 0.69 | 0.81 |
| Debt to Equity (x) | 0.31 | 0.35 | 0.44 | 0.36 | 0.17 |
| Interest Coverage Ratios (X) | 23.35 | 23.96 | 42.75 | 267.40 | 137.64 |
| Asset Turnover Ratio (%) | 0.71 | 0.72 | 0.84 | 0.87 | 70.81 |
| Inventory Turnover Ratio (X) | 6.65 | 2.94 | 2.94 | 3.07 | 6.15 |
| 3 Yr CAGR Sales (%) | 12.22 | 27.28 | 42.42 | 26.18 | 14.08 |
| 3 Yr CAGR Net Profit (%) | 7.38 | 11.79 | 4.97 | 36.21 | 26.51 |
| P/E (x) | 29.84 | 30.44 | 35.68 | 28.77 | 27.72 |
| P/B (x) | 4.74 | 5.06 | 4.99 | 5.96 | 5.45 |
| EV/EBITDA (x) | 17.51 | 17.68 | 19.96 | 17.91 | 16.95 |
| P/S (x) | 4.72 | 4.78 | 3.87 | 4.98 | 5.65 |
Balkrishna Industries has a history of bonus issues and stock splits. The company announced a stock split on October 30, 2010, with the old face value of Rs 10 being split into a new face value of Rs 2. The ex-split date was December 20, 2010, and the record date was December 21, 2010.
The company has also announced several dividends. The most recent interim dividend was announced on July 18, 2025, for Rs 4.00 per share (200%), with an effective date of July 31, 2025.
The stock’s positive movement reflects overall market dynamics. According to a Moneycontrol analysis on September 10, 2025, the sentiment is neutral.
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