Balkrishna Ind Peer Comparison

NSE: BALKRISIND | BSE: 502355

₹2,002.80

₹-3.80 (-0.19%)

As on 08-Oct-2026 10:24IST

Market cap

₹38,800 Cr

Revenue (TTM)

₹11,518 Cr

P/E Ratio

27.6

P/B Ratio

3.4

Div. Yield

0.8 %

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	Balkrishna Ind	MRF	Apollo Tyres	Ceat	JK Tyre
Market cap (₹ Cr)	38,800	52,214	25,880	13,358	9,610
Revenue (₹ Cr)	11,518	31,889	29,308	16,467	16,404
Net Profit (₹ Cr)	1,405.57	2,415.07	1,707.82	566.60	662.07
Net Margin (%)	11.95	7.44	5.79	3.43	4.02
RoE (%)	13.14	12.19	22.40	13.29	13.50
Price to Earnings	27.60	21.62	15.15	22.66	14.76
Price-To-Book	3.40	2.43	1.52	2.65	1.58

Income Statement (₹ Cr)

	Balkrishna Ind	MRF	Apollo Tyres	Ceat	JK Tyre
Operating Revenue	11,518.33	31,888.87	29,307.63	16,466.59	16,403.95
Total Income	11,762.69	32,455.67	29,480.47	16,508.24	16,449.37
Total Expenditure	8,979.70	27,068.35	25,164.18	14,442.13	14,516.49
EBITDA	2,538.63	4,820.52	4,143.46	2,024.46	1,887.46
Depreciation	793.04	1,772.52	1,556.20	732.05	484.27
EBIT	1,745.59	3,048.00	2,587.26	1,292.41	1,403.19
Interest	139.60	356.12	382.38	422.57	412.86
Other Income	244.36	566.80	172.84	41.65	45.42
Exceptional Items	0.00	-63.24	-639.77	-74.94	-147.32
Profit before Tax	1,850.35	3,195.44	1,737.95	836.55	888.43
Provision for Tax	444.78	780.37	30.13	269.95	226.36
Profit after Tax	1,405.57	2,415.07	1,707.82	566.60	662.07

	Balkrishna Ind	MRF	Apollo Tyres	Ceat	JK Tyre
Shareholder's Funds	10,955.29	20,974.56	16,715.17	5,046.01	6,060.82
Minority Interest	0.00	0.00	0.00	0.65	-5.46
Non-Current Liabilities	1,722.05	1,972.49	4,440.80	2,435.00	4,508.94
Current Liabilities	5,089.00	9,006.27	8,083.75	6,413.21	5,426.76
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	11,658.41	13,533.30	16,857.04	8,951.71	8,474.99
Current Assets	5,154.47	14,816.50	10,698.33	4,361.43	7,295.17
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	65.47	5,810.23	2,614.58	-2,051.78	1,868.41
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 (%)	13.14	12.19	22.40	13.29	13.50
ROA (%)	8.42	7.85	6.04	4.51	4.34
EBIT Margin (%)	15.15	9.56	8.83	7.85	8.55
Net Margin (%)	11.95	7.44	5.79	3.43	4.02
Cash Profit Margin (%)	0.00	0.00	0.00	0.00	0.00

	Balkrishna Ind	MRF	Apollo Tyres	Ceat	JK Tyre
Revenue Growth (%)	9.78	11.37	11.23	21.49	9.93
EBIT Growth (%)	9.46	32.24	27.85	44.19	34.51
Net Profit Growth (%)	-3.28	34.28	105.39	36.64	44.28
EPS Growth (%)	-3.28	36.93	244.62	38.52	59.81
Book Value Growth (%)	5.47	12.71	13.10	15.41	21.71

	Balkrishna Ind	MRF	Apollo Tyres	Ceat	JK Tyre
Price / Earnings	27.60	21.20	7.17	20.91	12.41
Price / Book Value	3.40	2.43	1.52	2.65	1.58
Dividend Yield (%)	0.80	0.19	1.47	1.06	1.20
EV/EBITDA	16.35	10.24	6.63	8.06	7.44
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	0.08	0.01	0.09	0.30	0.42
Short term debt to equity ratio	0.25	0.09	0.05	0.21	0.30
Current Ratio	1.01	1.65	1.32	0.68	1.34
Quick Ratio	0.66	1.04	0.65	0.40	0.85
Interest Coverage	14.25	9.97	5.55	2.98	3.15

	Balkrishna Ind	MRF	Apollo Tyres	Ceat	JK Tyre
Debtors to sales (%)	12.56	11.11	10.89	11.17	19.57
Asset Turnover	0.69	1.04	1.04	1.31	1.08
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.