Market cap
$5,582 Mln
Revenue (TTM)
$2,299 Mln
P/E Ratio
18.4
P/B Ratio
1.4
Div. Yield
3.8 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | -42.00 | 3.14 | 2.51 | -3.85 | 4.57 |
| EBIT | -263.27 | -499.52 | -76.17 | -34.39 | -20.98 |
| Net Profit | -72.07 | 37.40 | 5.11 | 5.97 | -1.70 |
| EPS | -71.03 | 32.16 | 0.04 | 2.19 | 1.15 |
| Book Value | -- | -- | 3.70 | 3.47 | 4.41 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Dec-25 | Dec-24 |
| EBIT-Margin
| 22.80 | 21.51 | 5.53 | 23.53 | 24.21 |
| Net Margin
| -- | 11.12 | 13.00 | -- | -- |
| Return on equity
| 8.18 | 8.47 | 7.47 | 7.96 | 8.13 |
| Return on Capital
| 3.50 | 3.48 | -- | 3.55 | 3.52 |
| Return on Assets
| 2.77 | 2.76 | 2.54 | 2.79 | 2.78 |
| Debt to Equity (x)
| -- | -- | 1.01 | 1.23 | 1.25 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Black Hills (BKH)
|
--
|
3.55
|
3.52
|
3.43
|
3.45
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
ROE
7.47
Lower than Peers by 1.56
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Black Hills (BKH)
|
7.47
|
7.96
|
8.13
|
8.44
|
8.94
|
|
Peer Median
|
9.03
|
--
|
--
|
--
|
--
|
ROA
2.54
Higher than Peers by 0.01
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Black Hills (BKH)
|
2.54
|
2.79
|
2.78
|
2.73
|
2.76
|
|
Peer Median
|
2.53
|
--
|
--
|
--
|
--
|
EBIT Margin
5.53
Lower than Peers by 18.26
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Black Hills (BKH)
|
5.53
|
23.53
|
24.21
|
20.66
|
17.97
|
|
Peer Median
|
23.78
|
--
|
--
|
--
|
--
|
Net Margin
13.00
Higher than Peers by 0.02
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Black Hills (BKH)
|
13.00
|
12.62
|
12.84
|
11.25
|
10.11
|
|
Peer Median
|
12.98
|
--
|
--
|
--
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Black Hills (BKH)
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
2.51
Lower than Peers by 0.92
Year on year growth in net sales
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Black Hills (BKH)
|
2.51
|
0.09
|
-0.09
|
-0.09
|
0.31
|
|
Peer Median
|
3.43
|
--
|
--
|
--
|
--
|
EBIT Growth
-76.17
Lower than Peers by 85.94
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Black Hills (BKH)
|
-76.17
|
5.51
|
6.98
|
5.02
|
11.18
|
|
Peer Median
|
9.77
|
--
|
--
|
--
|
--
|
Net Profit Growth
5.11
Lower than Peers by 1.28
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Black Hills (BKH)
|
5.11
|
6.77
|
4.16
|
1.47
|
9.17
|
|
Peer Median
|
6.39
|
--
|
--
|
--
|
--
|
EPS Growth
0.04
Lower than Peers by 4.40
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Black Hills (BKH)
|
0.04
|
0.01
|
-0.01
|
-0.02
|
0.07
|
|
Peer Median
|
4.44
|
--
|
--
|
--
|
--
|
Book Value Growth
3.18
Lower than Peers by 1.28
Year on year growth in book value per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Black Hills (BKH)
|
3.18
|
--
|
--
|
--
|
--
|
|
Peer Median
|
4.46
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
1.01
Lower than Peers by 0.21
Total debt / Net worth
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Black Hills (BKH)
|
1.01
|
1.23
|
1.25
|
1.37
|
1.56
|
|
Peer Median
|
1.22
|
--
|
--
|
--
|
--
|
Short term debt to equity ratio
0.13
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Black Hills (BKH)
|
0.13
|
--
|
0.04
|
0.19
|
0.35
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
0.52
Lower than Peers by 0.33
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Black Hills (BKH)
|
0.52
|
1.35
|
0.97
|
0.70
|
0.64
|
|
Peer Median
|
0.85
|
--
|
--
|
--
|
--
|
Quick Ratio
0.41
Lower than Peers by 0.25
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Black Hills (BKH)
|
0.41
|
1.11
|
0.77
|
0.56
|
0.52
|
|
Peer Median
|
0.66
|
--
|
--
|
--
|
--
|
Interest Coverage
2.69
Higher than Peers by 0.01
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Black Hills (BKH)
|
2.69
|
2.63
|
2.64
|
2.68
|
2.82
|
|
Peer Median
|
2.68
|
--
|
--
|
--
|
--
|
Operating Efficiency
Debtors to sales
13.33
Lower than Peers by 0.80
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Black Hills (BKH)
|
13.33
|
17.85
|
17.44
|
15.82
|
20.61
|
|
Peer Median
|
14.13
|
--
|
--
|
--
|
--
|
Asset Turnover
0.20
Lower than Peers by 0.00
Sales / Average Total Assets
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Black Hills (BKH)
|
0.20
|
0.22
|
0.22
|
0.24
|
0.27
|
|
Peer Median
|
0.20
|
--
|
--
|
--
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Black Hills (BKH)
|
--
|
61.93
|
63.50
|
70.08
|
61.94
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Black Hills (BKH)
|
--
|
41.93
|
44.66
|
43.82
|
36.79
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Black Hills (BKH)
|
--
|
69.49
|
58.95
|
59.06
|
54.18
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Black Hills (BKH)
|
--
|
34.37
|
49.21
|
54.84
|
44.55
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
18.44
Lower than Peers by 2.18
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Black Hills (BKH)
|
18.44
|
17.95
|
15.34
|
13.99
|
17.81
|
|
Peer Median
|
20.62
|
--
|
--
|
--
|
--
|
Price / Book Value
1.40
Lower than Peers by 0.49
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Black Hills (BKH)
|
1.40
|
1.37
|
1.20
|
1.14
|
1.54
|
|
Peer Median
|
1.89
|
--
|
--
|
--
|
--
|
Dividend Yield
3.76
Higher than Peers by 0.62
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Black Hills (BKH)
|
3.76
|
--
|
--
|
--
|
--
|
|
Peer Median
|
3.15
|
--
|
--
|
--
|
--
|
EV/EBITDA
11.60
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Black Hills (BKH)
|
11.60
|
11.79
|
10.90
|
10.81
|
13.04
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Market Cap
5,582
Higher than Peers by 3,201
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Black Hills (BKH)
|
5,582
|
--
|
--
|
--
|
--
|
|
Peer Median
|
2,382
|
--
|
--
|
--
|
--
|