Market cap
$6,453 Mln
Revenue (TTM)
$2,335 Mln
P/E Ratio
21.2
P/B Ratio
1.6
Div. Yield
0 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 2.94 | 8.34 | 2.80 | -2.65 | 4.51 |
| EBIT | 2.26 | 25.35 | 8.13 | 6.99 | 6.36 |
| Net Profit | 13.89 | 71.55 | 10.71 | 7.40 | -1.06 |
| EPS | 6.91 | 57.12 | 5.07 | 2.60 | 1.50 |
| 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 | 24.67 | 23.53 | 24.21 |
| Net Margin
| -- | 11.12 | 13.49 | -- | -- |
| Return on equity
| 8.18 | 8.47 | 7.78 | 7.96 | 8.13 |
| Return on Capital
| 3.50 | 3.48 | -- | 3.55 | 3.52 |
| Return on Assets
| 2.77 | 2.76 | 2.75 | 2.79 | 2.78 |
| Debt to Equity (x)
| -- | -- | 0.00 | 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
7.78
Lower than Peers by 1.25
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Black Hills (BKH)
|
7.78
|
7.96
|
8.13
|
8.44
|
8.94
|
|
Peer Median
|
9.03
|
--
|
--
|
--
|
--
|
ROA
2.75
Higher than Peers by 0.22
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Black Hills (BKH)
|
2.75
|
2.79
|
2.78
|
2.73
|
2.76
|
|
Peer Median
|
2.53
|
--
|
--
|
--
|
--
|
EBIT Margin
24.67
Higher than Peers by 0.80
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Black Hills (BKH)
|
24.67
|
23.53
|
24.21
|
20.66
|
17.97
|
|
Peer Median
|
23.87
|
--
|
--
|
--
|
--
|
Net Margin
13.49
Higher than Peers by 0.46
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Black Hills (BKH)
|
13.49
|
12.62
|
12.84
|
11.25
|
10.11
|
|
Peer Median
|
13.03
|
--
|
--
|
--
|
--
|
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
2.80
Lower than Peers by 0.63
Year on year growth in net sales
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Black Hills (BKH)
|
2.80
|
0.09
|
-0.09
|
-0.09
|
0.31
|
|
Peer Median
|
3.43
|
--
|
--
|
--
|
--
|
EBIT Growth
8.13
Lower than Peers by 1.42
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Black Hills (BKH)
|
8.13
|
5.51
|
6.98
|
5.02
|
11.18
|
|
Peer Median
|
9.55
|
--
|
--
|
--
|
--
|
Net Profit Growth
10.71
Higher than Peers by 3.95
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Black Hills (BKH)
|
10.71
|
6.77
|
4.16
|
1.47
|
9.17
|
|
Peer Median
|
6.76
|
--
|
--
|
--
|
--
|
EPS Growth
5.07
Higher than Peers by 0.23
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Black Hills (BKH)
|
5.07
|
0.01
|
-0.01
|
-0.02
|
0.07
|
|
Peer Median
|
4.83
|
--
|
--
|
--
|
--
|
Book Value Growth
0.10
Lower than Peers by 4.36
Year on year growth in book value per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Black Hills (BKH)
|
0.10
|
--
|
--
|
--
|
--
|
|
Peer Median
|
4.46
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
--
--
Total debt / Net worth
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Black Hills (BKH)
|
--
|
1.23
|
1.25
|
1.37
|
1.56
|
|
Peer Median
|
1.21
|
--
|
--
|
--
|
--
|
Short term debt to equity ratio
0.22
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Black Hills (BKH)
|
0.22
|
--
|
0.04
|
0.19
|
0.35
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
0.47
Lower than Peers by 0.38
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Black Hills (BKH)
|
0.47
|
1.35
|
0.97
|
0.70
|
0.64
|
|
Peer Median
|
0.86
|
--
|
--
|
--
|
--
|
Quick Ratio
0.34
Lower than Peers by 0.31
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Black Hills (BKH)
|
0.34
|
1.11
|
0.77
|
0.56
|
0.52
|
|
Peer Median
|
0.66
|
--
|
--
|
--
|
--
|
Interest Coverage
2.78
Higher than Peers by 0.10
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Black Hills (BKH)
|
2.78
|
2.63
|
2.64
|
2.68
|
2.82
|
|
Peer Median
|
2.68
|
--
|
--
|
--
|
--
|
Operating Efficiency
Debtors to sales
11.00
Lower than Peers by 3.13
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Black Hills (BKH)
|
11.00
|
17.85
|
17.44
|
15.82
|
20.61
|
|
Peer Median
|
14.13
|
--
|
--
|
--
|
--
|
Asset Turnover
0.20
Higher than Peers by 0.01
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
21.21
Higher than Peers by 0.26
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)
|
21.21
|
17.95
|
15.34
|
13.99
|
17.81
|
|
Peer Median
|
20.95
|
--
|
--
|
--
|
--
|
Price / Book Value
1.63
Lower than Peers by 0.32
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)
|
1.63
|
1.37
|
1.20
|
1.14
|
1.54
|
|
Peer Median
|
1.95
|
--
|
--
|
--
|
--
|
Dividend Yield
--
--
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)
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
0.65
|
--
|
--
|
--
|
--
|
EV/EBITDA
12.63
--
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)
|
12.63
|
11.79
|
10.90
|
10.81
|
13.04
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Market Cap
6,453
Higher than Peers by 3,998
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)
|
6,453
|
--
|
--
|
--
|
--
|
|
Peer Median
|
2,455
|
--
|
--
|
--
|
--
|