Balkrishna Ind Key Ratios
NSE: BALKRISIND | BSE: 502355
₹2,343.60
As on 09-Nov-2026IST
Market cap
₹45,212 Cr
Revenue (TTM)
₹12,597 Cr
P/E Ratio
31.7
P/B Ratio
3.9
Div. Yield
0.7 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 0.48 | 45.05 | 20.36 | 12.30 | 12.03 |
| EBIT | -23.20 | 29.71 | 22.68 | 16.54 | 2.21 |
| Net Profit | -35.08 | 7.11 | 3.30 | 10.80 | -0.02 |
| EPS | -35.08 | 7.11 | 3.30 | 10.80 | -0.02 |
| Book Value | -- | -- | 5.47 | 13.18 | 12.80 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-26 | Mar-25 |
| EBIT-Margin
| 15.81 | 15.69 | 14.61 | 14.10 | 17.01 |
| Net Margin
| 13.55 | 13.63 | 11.12 | 11.22 | 15.06 |
| Return on equity
| 15.28 | 16.72 | 12.60 | 11.65 | 17.20 |
| Return on Capital
| 15.93 | 17.44 | -- | 12.38 | 18.09 |
| Return on Assets
| 9.87 | 10.82 | 7.67 | 7.44 | 11.29 |
| Debt to Equity (x)
| -- | -- | 0.14 | 0.37 | 0.31 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Balkrishna Ind
|
--
|
12.38
|
18.09
|
17.98
|
14.57
|
|
Peer Median
|
--
|
13.34
|
17.98
|
10.73
|
--
|
ROE
12.60
Higher than Peers by 0.55
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Balkrishna Ind
|
12.60
|
11.65
|
17.20
|
17.93
|
14.60
|
|
Peer Median
|
12.05
|
11.95
|
16.05
|
8.50
|
--
|
ROA
7.67
Higher than Peers by 2.09
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Balkrishna Ind
|
7.67
|
7.44
|
11.29
|
11.31
|
9.07
|
|
Peer Median
|
5.58
|
5.33
|
6.36
|
3.24
|
--
|
EBIT Margin
14.61
Higher than Peers by 5.97
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Balkrishna Ind
|
14.61
|
14.10
|
17.01
|
17.13
|
11.47
|
|
Peer Median
|
8.64
|
7.50
|
7.77
|
10.94
|
--
|
Net Margin
11.12
Higher than Peers by 5.98
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Balkrishna Ind
|
11.12
|
11.22
|
15.06
|
14.99
|
10.44
|
|
Peer Median
|
5.14
|
4.76
|
5.39
|
3.31
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Balkrishna Ind
|
--
|
18.61
|
22.34
|
22.60
|
16.67
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
20.36
Higher than Peers by 11.23
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Balkrishna Ind
|
20.36
|
3.60
|
11.51
|
-4.00
|
17.65
|
|
Peer Median
|
9.13
|
16.20
|
10.67
|
2.44
|
--
|
EBIT Growth
22.68
Higher than Peers by 12.11
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Balkrishna Ind
|
22.68
|
-14.15
|
10.72
|
43.44
|
-27.98
|
|
Peer Median
|
10.57
|
22.67
|
-30.19
|
56.74
|
--
|
Net Profit Growth
3.30
Lower than Peers by 7.91
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Balkrishna Ind
|
3.30
|
-24.89
|
12.47
|
39.16
|
-26.33
|
|
Peer Median
|
11.20
|
20.11
|
-34.90
|
64.64
|
--
|
EPS Growth
3.30
Lower than Peers by 9.57
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Balkrishna Ind
|
3.30
|
-24.89
|
12.47
|
39.16
|
-26.33
|
|
Peer Median
|
12.87
|
23.06
|
-29.97
|
75.00
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Balkrishna Ind
|
--
|
5.47
|
17.32
|
17.16
|
9.00
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
0.14
Lower than Peers by 0.05
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Balkrishna Ind
|
0.14
|
0.37
|
0.31
|
0.35
|
0.44
|
|
Peer Median
|
0.19
|
0.49
|
0.35
|
0.44
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Balkrishna Ind
|
--
|
0.25
|
0.24
|
0.23
|
0.30
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
1.00
Lower than Peers by 0.19
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Balkrishna Ind
|
1.00
|
1.01
|
1.32
|
1.27
|
1.17
|
|
Peer Median
|
1.19
|
1.17
|
1.27
|
1.11
|
--
|
Quick Ratio
0.60
Lower than Peers by 0.05
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Balkrishna Ind
|
0.60
|
0.66
|
0.90
|
0.91
|
0.67
|
|
Peer Median
|
0.66
|
0.61
|
0.76
|
0.73
|
--
|
Interest Coverage
11.78
Higher than Peers by 7.52
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Balkrishna Ind
|
11.78
|
13.28
|
18.02
|
18.11
|
30.69
|
|
Peer Median
|
4.27
|
3.92
|
5.82
|
3.59
|
--
|
Operating Efficiency
Debtors to sales
15.07
Higher than Peers by 3.05
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Balkrishna Ind
|
15.07
|
13.37
|
14.31
|
15.43
|
11.43
|
|
Peer Median
|
12.02
|
12.05
|
11.97
|
10.74
|
--
|
Asset Turnover
0.68
Lower than Peers by 0.35
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Balkrishna Ind
|
0.68
|
0.65
|
0.71
|
0.72
|
0.84
|
|
Peer Median
|
1.02
|
1.04
|
1.03
|
1.13
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Balkrishna Ind
|
--
|
49.50
|
51.31
|
49.76
|
41.32
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Balkrishna Ind
|
--
|
60.43
|
54.34
|
58.28
|
62.39
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Balkrishna Ind
|
--
|
58.17
|
56.34
|
52.84
|
49.06
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Balkrishna Ind
|
--
|
51.75
|
49.31
|
55.20
|
54.65
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
31.73
Higher than Peers by 8.43
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Balkrishna Ind
|
31.73
|
32.38
|
29.78
|
30.45
|
35.68
|
|
Peer Median
|
23.30
|
24.52
|
31.63
|
25.65
|
--
|
Price / Book Value
3.88
Higher than Peers by 1.41
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Balkrishna Ind
|
3.88
|
3.67
|
4.74
|
5.06
|
4.99
|
|
Peer Median
|
2.47
|
2.57
|
3.33
|
2.89
|
--
|
Dividend Yield
0.68
Lower than Peers by 0.33
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Balkrishna Ind
|
0.68
|
0.77
|
0.63
|
0.69
|
0.82
|
|
Peer Median
|
1.01
|
0.95
|
0.81
|
1.13
|
--
|
EV/EBITDA
17.78
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Balkrishna Ind
|
17.78
|
17.35
|
17.50
|
17.68
|
19.96
|
|
Peer Median
|
--
|
14.22
|
17.05
|
24.24
|
--
|
Market Cap
45,212
Higher than Peers by 18,843
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Balkrishna Ind
|
45,212
|
40,255
|
49,277
|
44,807
|
37,726
|
|
Peer Median
|
26,369
|
20,166
|
14,949
|
10,355
|
--
|