āagman

Not investment advice. Data and computed figures, for information only.

Balkrishna Industries Ltd

NSE: BALKRISIND
₹2,052.30
+₹51.70 (+2.58%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹38,863 Cr
CMP
₹2,052.30
52-wk High / Low
₹2,775 / 1,965
P/E
27.6
P/B
3.5
Book Value
₹567.0
Div Yield
0.80%
ROCE
11.0%
ROE
9.7%
Face Value
₹2
D/E
0.38

Price−10.3% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 15 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
4
/ 9
4 of 9 F-score tests passed
Graham Number
₹906
√(22.5 × EPS × book value per share)
ROIC
7.7%
vs 11.5% sector median
Cash flow to profit
1.81
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+320
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
7.5%
ROE × earnings retention ratio
ROE stability
3.1
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII −0.80DII +0.35
Latest quarter vs the previous one
Cash-accrual divergence
−6.0%
of assets
Low = accruals track cash flow
Strengths
+PE of 27.6x is below the sector median of 35.7x
Watch-outs
−Latest ROCE of 11% trails the sector median of 18.5%
−Borrowings are up 116.6% since FY2016 (1898 to 4111)
−Price trades below its 200-day moving average (0.9x)

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales2,1592,2532,2742,6822,7142,4202,5602,7522,7602,3932,7372,9333,455
Expenses1,6581,7201,7342,0012,0511,8401,9602,1392,2541,8822,0942,2932,711
Operating Profit501533541681664580601614506511643640744
OPM %23.2%23.7%23.8%25.4%24.5%24.0%23.5%22.3%18.3%21.4%23.5%21.8%21.5%
Other Income1061076617116290187991077177−4100
Interest22243631224116503133343637
Depreciation155160161174163166173178188193195199206
Profit before tax430456409647640463600485394357491401601
Net Profit332347305487490347449369288273382299451
EPS (₹)17.1717.9715.8025.1825.3517.9523.2519.0614.9114.1319.7715.4923.32

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales3,8133,2373,7234,4445,2104,8115,7838,2959,7609,36910,44710,82311,518
Expenses3,0862,3712,5923,3413,9043,5373,9726,2868,0477,1137,9888,5228,980
Operating Profit7278661,1311,1031,3061,2741,8112,0091,7122,2562,4592,3012,539
OPM %19.1%26.8%30.4%24.8%25.1%26.5%31.3%24.2%17.5%24.1%23.5%21.3%22.0%
Other Income277131254340215250171438342449537252244
Interest48402215121112948113129134140
Depreciation244282304311333374416455571651681775793
Profit before tax7136741,0591,1161,1771,1401,5551,9821,4351,9412,1871,6441,850
Net Profit4734467177367749601,1781,4351,0571,4711,6551,2431,406
EPS (₹)24.4523.0637.0838.0640.0249.6460.9174.2554.7076.1285.6164.3072.71

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital191919393939393939393939—
Reserves2,2572,7563,5244,0454,6154,9705,9616,8947,5188,81510,34910,917—
Borrowings2,3581,8981,3918678719321,0012,5293,3473,0993,2674,111—
Other Liabilities6857258559279548661,1661,5171,4441,7311,9802,700—
Total Liabilities5,3185,3985,7895,8786,4796,8068,16610,97912,34813,68515,63517,766—
Fixed Assets2,4152,8592,8492,8492,7863,3083,3704,0195,3846,3176,9417,409—
CWIP6342311101196005878561,2581,3929449862,472—
Investments4448361,3491,1031,0831,0621,4181,8972,0372,6863,2643,124—
Other Assets1,8251,4731,4811,8082,0101,8502,5233,8053,5353,7374,4434,761—
Total Assets5,3185,3985,7895,8786,4796,8068,16610,97912,34813,68515,63517,766—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity6029841,0728477508201,1731,3399081,4482,0821,7642,249
Cash from Investing Activity−1,230−435−552−563−92−636−678−1,173−1,897−1,783−1,475−1,480−2,523
Cash from Financing Activity365−130−625−589−654−165−495−158980359−601−279254
Net Cash Flow−263419−105−30642018−92356−19

Ratios

As of 31 Mar 2026
13 periods
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %18.017.015.020.022.022.017.024.024.014.016.017.011.0
ROE %————————————9.7
EPS (₹)24.5524.4523.0637.0838.0640.0249.6460.9174.2554.7076.1285.6164.30
Book Value (₹)————————————567.0
Face Value (₹)————————————2
P/E————————————27.6
Div Yield %————————————0.80
NPM %12.611.613.218.015.414.319.019.816.410.515.015.111.2
OPM %24.019.027.030.025.025.026.031.024.018.024.024.021.0
D/E1.291.040.680.390.210.190.190.170.360.440.350.310.38
P/B————————————3.5

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+13.0%
5 years+13.0%
3 years+4.0%
TTM+10.0%
Compounded profit growth
10 years+9.0%
5 years−2.0%
3 years+1.0%
TTM−3.0%
Stock price CAGR
10 years+14.0%
5 years−5.0%
3 years−8.0%
Last year−12.0%
Return on equity
10 years16.0%
5 years15.0%
3 years13.0%
Last year10.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters54.37%54.37%58.30%58.30%58.30%58.30%58.29%58.30%58.30%58.30%58.30%58.30%
FIIs18.29%18.29%17.65%11.46%11.93%14.40%14.05%12.42%12.24%11.46%11.13%10.33%
DIIs13.23%13.23%10.97%15.03%17.80%14.60%11.78%20.21%21.97%23.63%24.25%24.60%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.10%0.11%0.15%0.00%0.00%
Public14.11%14.11%13.08%15.21%11.97%12.71%15.87%8.99%7.38%6.46%6.32%6.77%
No. of shareholders14,21114,21135,21154,47755,04694,3711,39,9131,46,8041,34,8311,23,7551,20,7401,22,372
Change since Jun 2023 (pp)
Promoters +3.93FIIs −7.96DIIs +11.37Public −7.34

Documents

As of 11 Oct 2026
Announcements
Closure of Trading WindowAnnouncement under Regulation 30 (LODR)-Credit RatingIntimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015.Newspaper PublicationAnnouncement under Regulation 30 (LODR)-Allotment
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026TranscriptAug 2026PPTAug 2026RecordingMay 2026TranscriptMay 2026PPTFeb 2026TranscriptFeb 2026PPTFeb 2026RecordingNov 2025TranscriptNov 2025PPTNov 2025RecordingAug 2025TranscriptAug 2025PPT

Corporate actions

As of 4 Aug 2026
4 Aug 2026DIVIDENDInterim Dividend - Rs 4 Per Share—
17 Jul 2026DIVIDENDDividend - Rs 4 Per Share—
2 Feb 2026DIVIDENDInterim Dividend - Rs 4 Per Share—
7 Nov 2025DIVIDENDInterim Dividend - Rs 4 Per Share—
31 Jul 2025DIVIDENDInterim Dividend - Rs 4 Per Share—
11 Jul 2025DIVIDENDDividend - Rs 4 Per Share—
30 Jan 2025DIVIDENDInterim Dividend - Rs 4 Per Share—
31 Oct 2024DIVIDENDInterim Dividend - Rs 4 Per Share—
20 Aug 2024DIVIDENDInterim Dividend - Rs 4 Per Share—
5 Jul 2024DIVIDENDDividend - Rs 4 Per Share—
2 Feb 2024DIVIDENDInterim Dividend - Rs 4 Per Share—
31 Oct 2023DIVIDENDInterim Dividend - Rs 4 Per Share—
11 Aug 2023DIVIDENDInterim Dividend - Rs 4 Per Share—
11 Jul 2023DIVIDENDDividend - Rs 4 Per Share—
17 Feb 2023DIVIDENDInterim Dividend - Rs 4 Per Share—
21 Nov 2022DIVIDENDInterim Dividend - Rs 4 Per Share—
11 Aug 2022DIVIDENDInterim Dividend - Rs 4 Per Share—
24 Jun 2022DIVIDENDDividend - Rs 4 Per Share—
21 Feb 2022DIVIDENDInterim Dividend - Rs 4 Per Share/Special Dividend - Rs 12 Per Share—
17 Nov 2021DIVIDEND Interim Dividend - Rs 4 Per Share—
12 Aug 2021DIVIDEND Interim Dividend - Rs 4 Per Share—
18 Jun 2021DIVIDEND Dividend - Rs 5 Per Share—
15 Feb 2021DIVIDEND Interim Dividend - Rs 5 Per Share—
12 Nov 2020DIVIDEND Interim Dividend - Rs 4 Per Share—
20 Aug 2020DIVIDEND Interim Dividend - Rs 3 Per Share—
24 Feb 2020DIVIDEND Interim Dividend - Rs 16 Per Share—
21 Nov 2019DIVIDEND Interim Dividend- Rs 2 Per Share—
20 Aug 2019DIVIDEND Interim Dividend - Rs 2 Per Share—
4 Jul 2019DIVIDEND Annual General Meeting/Dividend - Rs 2 Per Share—
15 Feb 2019DIVIDEND Interim Dividend - Rs 2 Per Share—
14 Nov 2018DIVIDEND Interim Dividend - Rs 2 Per Share—
20 Aug 2018DIVIDEND Interim Dividend- Rs 2 Per Share (Purpose Revised)—
9 Jul 2018DIVIDEND Annual General Meeting/Dividend- Rs 1.50 Per Share—
21 Feb 2018DIVIDEND Interim Dividend - Rs 1.50 Per Share (Purpose Revised)—
21 Dec 2017BONUS Bonus 1:1—
16 Nov 2017DIVIDEND Interim Dividend - Rs 2.50 Per Share (Purpose Revised)—
6 Sep 2017DIVIDEND Annual General Meeting/Dividend - Rs 2.50 Per Share—
4 Aug 2017DIVIDEND Interim Dividend - Rs 2.50 Per Share—
17 Feb 2017DIVIDEND Interim Dividend Rs 2/- Per Share (Purpose Revised)—
7 Dec 2016DIVIDEND Interim Dividend Rs 2/- Per Share (Purpose Revised)—
19 Sep 2016DIVIDEND Interim Dividend -Rs 1.50 Per Share (Purpose Revised)—
16 Mar 2016DIVIDEND Interim Dividend - Rs 3/- Per Share + Special Dividend - Rs 2.50/- Per Share (Purpse Revised)—
6 Jul 2015DIVIDENDAnnual General Meeting/Dividend -Rs 2.40/- Per Share—
24 Mar 2015DEMERGERScheme Of Arrangement—
5 Sep 2014DIVIDENDAnnual General Meeting / Final Dividend - Rs 2/- Per Share—
16 Sep 2013DIVIDENDAnnual General Meeting / Dividend - Rs.1.50 Per Share—
24 Aug 2012DIVIDENDAnnual General Meeting/Dividend Rs.1.50 Per Share—
25 Jul 2011DIVIDENDAnnual General Meeting And Dividend Rs.1.40 Per Share—
20 Dec 2010SPLITFace Value Split From Rs.10/- To Rs.2/-10 : 2
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman