Balkrishna Ind Peer Comparison

NSE: BALKRISIND | BSE: 502355

₹2,343.60

₹-43.00 (-1.80%)

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 %

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	Balkrishna Ind	MRF	Apollo Tyres	Ceat	JK Tyre
Market cap (₹ Cr)	45,212	53,044	26,369	13,962	10,290
Revenue (₹ Cr)	12,597	33,170	30,445	17,456	17,233
Net Profit (₹ Cr)	1,425.00	2,276.42	1,741.97	505.12	499.51
Net Margin (%)	11.12	6.74	5.69	2.89	2.89
RoE (%)	12.60	10.87	20.69	11.46	10.05
Price to Earnings	31.73	23.30	15.13	27.08	20.79
Price-To-Book	3.88	2.47	1.50	2.81	1.70

Income Statement (₹ Cr)

	Balkrishna Ind	MRF	Apollo Tyres	Ceat	JK Tyre
Operating Revenue	12,596.62	33,170.34	30,444.69	17,455.94	17,233.37
Total Income	12,813.30	33,760.43	30,630.15	17,498.73	17,273.72
Total Expenditure	9,935.70	28,518.19	26,466.63	15,477.86	15,533.38
EBITDA	2,660.92	4,652.15	3,978.06	1,978.08	1,699.99
Depreciation	820.65	1,797.20	1,553.41	751.20	495.90
EBIT	1,840.27	2,854.95	2,424.65	1,226.88	1,204.09
Interest	174.54	363.21	375.58	422.61	414.37
Other Income	216.68	590.09	185.46	42.79	40.35
Exceptional Items	0.00	-63.24	-486.59	-87.94	-152.15
Profit before Tax	1,882.41	3,018.59	1,747.95	759.12	677.92
Provision for Tax	457.41	742.17	5.98	254.00	178.41
Profit after Tax	1,425.00	2,276.42	1,741.97	505.12	499.51

	Balkrishna Ind	MRF	Apollo Tyres	Ceat	JK Tyre
Shareholder's Funds	11,664.17	21,773.88	17,553.16	4,961.00	6,066.65
Minority Interest	0.00	0.00	0.00	0.41	0.04
Non-Current Liabilities	2,562.86	1,932.74	4,577.42	2,416.00	4,744.94
Current Liabilities	6,441.93	11,205.50	10,077.39	7,676.00	6,949.38
Total Liabilities	17,766.34	31,953.51	29,033.73	13,912.66	15,913.64

	Balkrishna Ind	MRF	Apollo Tyres	Ceat	JK Tyre
Non-Current Assets	13,315.76	13,438.73	17,852.41	9,368.00	8,921.69
Current Assets	6,451.57	19,645.27	12,326.68	5,110.00	8,536.59
Total Assets	17,766.34	31,953.51	29,033.73	13,912.66	15,913.64
Total Debt*	4,105.56	2,365.95	2,631.71	3,010.79	4,746.00
Net Current Assets	9.64	8,439.77	2,249.29	-2,566.00	1,587.21
Contingent Liabilities	885.70	766.96	772.06	275.38	361.30

	Balkrishna Ind	MRF	Apollo Tyres	Ceat	JK Tyre
Cash From Operating Activities	2,249.32	4,590.30	3,667.37	1,785.55	1,443.84
Cash Flow from Investing Activities	-2,522.98	-3,536.15	-1,340.96	-2,270.60	-626.67
Cash from Financing Activities	254.24	-1,120.33	-2,177.08	476.64	-782.72
Net Cash Inflow / Outflow	-19.42	-66.18	149.33	-8.41	34.45

	Balkrishna Ind	MRF	Apollo Tyres	Ceat	JK Tyre
ROCE (%)	12.38	16.04	9.22	18.60	14.30
ROE (%)	12.60	10.87	20.69	11.46	10.05
ROA (%)	7.67	6.98	5.69	3.59	3.04
EBIT Margin (%)	14.61	8.61	7.96	7.03	6.99
Net Margin (%)	11.12	6.74	5.69	2.89	2.89
Cash Profit Margin (%)	0.00	0.00	0.00	0.00	0.00

	Balkrishna Ind	MRF	Apollo Tyres	Ceat	JK Tyre
Revenue Growth (%)	20.36	13.87	13.84	24.49	12.54
EBIT Growth (%)	22.68	19.78	12.31	22.67	5.62
Net Profit Growth (%)	3.30	22.70	119.91	5.93	-7.01
EPS Growth (%)	3.30	25.27	215.11	9.19	5.21
Book Value Growth (%)	5.47	12.71	13.10	15.41	21.71

	Balkrishna Ind	MRF	Apollo Tyres	Ceat	JK Tyre
Price / Earnings	31.73	22.82	7.44	24.34	16.88
Price / Book Value	3.88	2.47	1.50	2.81	1.70
Dividend Yield (%)	0.68	0.19	1.45	1.01	1.12
EV/EBITDA	18.01	10.78	7.03	8.56	8.66
Market Cap (₹ Cr)	40,255.36	54,448.47	26,167.33	13,114.65	10,991.10

	Balkrishna Ind	MRF	Apollo Tyres	Ceat	JK Tyre
Debt to Equity	0.14	0.00	0.09	0.30	0.44
Short term debt to equity ratio	0.25	0.09	0.05	0.21	0.30
Current Ratio	1.00	1.75	1.22	0.67	1.23
Quick Ratio	0.60	1.11	0.62	0.33	0.74
Interest Coverage	11.78	9.31	5.65	2.80	2.64

	Balkrishna Ind	MRF	Apollo Tyres	Ceat	JK Tyre
Debtors to sales (%)	15.07	11.90	12.84	11.25	20.67
Asset Turnover	0.68	1.02	0.99	1.24	1.05
Receivable days	49.50	39.74	40.08	40.65	67.54
Inventory Days	60.43	63.48	67.84	37.19	58.00
Payable days	58.17	46.82	71.56	118.85	73.34
Cash Conversion Cycle	51.75	56.40	36.36	-41.00	52.19

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.