Balkrishna Industries shares jumped 4.44% to Rs 2,770.60 in Thursday's trading session, driven by high volume and positive investor sentiment. The stock demonstrated significant upward momentum, making it among the top gainers on the NIFTY MIDCAP 150. This performance marks a notable increase from its previous close.
Financial Snapshot:
Here's a look at Balkrishna Industries' financial performance:
| Parameter | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Revenue | Rs 2,681.92 Crore | Rs 2,714.50 Crore | Rs 2,419.74 Crore | Rs 2,560.33 Crore | Rs 2,752.38 Crore |
| Net Profit | Rs 486.75 Crore | Rs 489.99 Crore | Rs 346.94 Crore | Rs 449.48 Crore | Rs 368.55 Crore |
| EPS | 25.18 | 25.35 | 17.95 | 23.25 | 19.06 |
The company's quarterly revenue saw fluctuations, with a recent increase to Rs 2,752.38 Crore in March 2025 from Rs 2,681.92 Crore in March 2024. However, the net profit for the same period decreased to Rs 368.55 Crore from Rs 486.75 Crore.
| Parameter | 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 annual revenue for Balkrishna Industries has shown a consistent increase, reaching Rs 10,446.95 Crore for the year-ending March 2025, compared to Rs 9,368.87 Crore for the year-ending March 2024. Net profit also rose to Rs 1,654.96 Crore in March 2025 from Rs 1,471.49 Crore in the previous year. The company’s debt-to-equity ratio stood at 0.31 as of March 2025.
Income Statement:
| Parameter | 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 |
The sales for the year-ending March 2025 increased to Rs 10,446 Crore compared to Rs 9,368 Crore in the year-ending March 2024. The net profit also increased to Rs 1,654 Crore for the year-ending March 2025 from Rs 1,471 Crore for the year-ending March 2024.
Quarterly Income Statement:
| Parameter | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|
| Sales | Rs 2,752 Crore | Rs 2,560 Crore | Rs 2,419 Crore | Rs 2,714 Crore | Rs 2,681 Crore |
| Other Income | Rs 99 Crore | Rs 187 Crore | Rs 90 Crore | Rs 161 Crore | Rs 170 Crore |
| Total Income | Rs 2,851 Crore | Rs 2,747 Crore | Rs 2,510 Crore | Rs 2,876 Crore | Rs 2,852 Crore |
| Total Expenditure | Rs 2,317 Crore | Rs 2,132 Crore | Rs 2,006 Crore | Rs 2,214 Crore | Rs 2,174 Crore |
| EBIT | Rs 534 Crore | Rs 615 Crore | Rs 503 Crore | Rs 661 Crore | Rs 677 Crore |
| Interest | Rs 49 Crore | Rs 15 Crore | Rs 41 Crore | Rs 21 Crore | Rs 30 Crore |
| Tax | Rs 116 Crore | Rs 150 Crore | Rs 115 Crore | Rs 149 Crore | Rs 160 Crore |
| Net Profit | Rs 368 Crore | Rs 449 Crore | Rs 346 Crore | Rs 489 Crore | Rs 486 Crore |
The sales for the quarter-ending March 2025 stood at Rs 2,752 Crore. The net profit for the quarter-ending March 2025 was Rs 368 Crore.
Cash Flow:
| Parameter | 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 |
The cash flow from operating activities for the year-ending March 2025 was Rs 1,764 Crore.
Balance Sheet:
| Parameter | 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 |
The total liabilities for the year-ending March 2025 were Rs 15,634 Crore, and the total assets were also Rs 15,634 Crore.
Key Ratios:
| Ratio | 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 / 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 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) | 3.20 | 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 |
As of March 2025, the P/E ratio for Balkrishna Industries is 29.84, and the P/B ratio is 4.74. The company’s debt-to-equity ratio stood at 0.31 as of the year-ending March 2025.
Corporate Actions:
Balkrishna Industries has announced several corporate actions, including dividend payments. The company fixed July 12, 2025, as the record date for determining entitlement of members to the final dividend for the financial year ended March 31, 2025. If the final dividend recommended by the Board of Directors is approved at the AGM, payment will be made after July 26, 2025, subject to tax deduction.
The company announced a final dividend of Rs 4.00 per share (200%) on May 23, 2025, with an effective date of July 11, 2025. Prior to this, interim dividends were announced on January 22, 2025, October 21, 2024, and August 2, 2024, each at Rs 4.00 per share.
The company has also issued bonus shares in the past, with the most recent bonus issue on November 8, 2017, in the ratio of 1:1. A stock split was announced on October 30, 2010, with the old face value of Rs 10 split into a new face value of Rs 2, effective December 20, 2010.
Moneycontrol's sentiment analysis indicates a bullish outlook for the stock as of July 17, 2025.
With the stock currently trading at Rs 2,770.60, Balkrishna Industries has shown strong positive movement in today's session, driven by high volume and favorable investor sentiment.
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