About
Balkrishna Industries Limited manufactures and sells tires in India, Europe, North America, and internationally. It provides manufacturing and selling of off-highway tires OHT for use in various applications, such as agricultural, mining, forestry, construction, industrial, earthmoving, port, all-terrain vehicle ATV, and turf care applications. The company was incorporated in 1961 and is headquartered in Mumbai, India.
Key Metrics
as of Sep 2026Market Cap44,165 Cr
P/E31.40
Div Yield0.70 %
Book Value₹567.00
52w High₹2,775.00
52w Low₹1,970.00
Face Value₹2.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,455.00 | 2,933.00 | 2,737.00 | 2,393.00 | 2,760.00 | 2,752.00 | 2,560.00 | 2,420.00 | 2,714.00 | 2,682.00 | 2,274.00 | 2,253.00 | 2,159.00 |
| Expenses | 2,711.00 | 2,293.00 | 2,094.00 | 1,882.00 | 2,254.00 | 2,139.00 | 1,960.00 | 1,840.00 | 2,051.00 | 2,001.00 | 1,734.00 | 1,720.00 | 1,658.00 |
| Operating Profit | 744.00 | 640.00 | 643.00 | 511.00 | 506.00 | 614.00 | 601.00 | 580.00 | 664.00 | 681.00 | 541.00 | 533.00 | 501.00 |
| OPM % | 22.00 | 22.00 | 24.00 | 21.00 | 18.00 | 22.00 | 23.00 | 24.00 | 24.00 | 25.00 | 24.00 | 24.00 | 23.00 |
| Other Income | 100.00 | -4.00 | 77.00 | 71.00 | 107.00 | 99.00 | 187.00 | 90.00 | 162.00 | 171.00 | 66.00 | 107.00 | 106.00 |
| Depreciation | 206.00 | 199.00 | 195.00 | 193.00 | 188.00 | 178.00 | 173.00 | 166.00 | 163.00 | 174.00 | 161.00 | 160.00 | 155.00 |
| Interest | 37.00 | 36.00 | 34.00 | 33.00 | 31.00 | 50.00 | 16.00 | 41.00 | 22.00 | 31.00 | 36.00 | 24.00 | 22.00 |
| Profit before tax | 601.00 | 401.00 | 491.00 | 357.00 | 394.00 | 485.00 | 600.00 | 463.00 | 640.00 | 647.00 | 409.00 | 456.00 | 430.00 |
| Tax % | 25.00 | 25.00 | 22.00 | 24.00 | 27.00 | 24.00 | 25.00 | 25.00 | 23.00 | 25.00 | 25.00 | 24.00 | 23.00 |
| Net Profit | 451.00 | 299.00 | 382.00 | 273.00 | 288.00 | 369.00 | 449.00 | 347.00 | 490.00 | 487.00 | 305.00 | 347.00 | 332.00 |
| EPS in Rs | 23.32 | 15.49 | 19.77 | 14.13 | 14.91 | 19.06 | 23.25 | 17.95 | 25.35 | 25.18 | 15.80 | 17.97 | 17.17 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 10,823.00 | 10,447.00 | 9,369.00 | 9,760.00 | 8,295.00 | 5,783.00 | 4,811.00 | 5,210.00 | 4,444.00 | 3,723.00 | 3,237.00 | 3,813.00 |
| Expenses | 8,522.00 | 7,988.00 | 7,113.00 | 8,047.00 | 6,286.00 | 3,972.00 | 3,537.00 | 3,904.00 | 3,341.00 | 2,592.00 | 2,371.00 | 3,086.00 |
| Operating Profit | 2,301.00 | 2,459.00 | 2,256.00 | 1,712.00 | 2,009.00 | 1,811.00 | 1,274.00 | 1,306.00 | 1,103.00 | 1,131.00 | 866.00 | 727.00 |
| OPM % | 21.00 | 24.00 | 24.00 | 18.00 | 24.00 | 31.00 | 26.00 | 25.00 | 25.00 | 30.00 | 27.00 | 19.00 |
| Other Income | 252.00 | 537.00 | 449.00 | 342.00 | 438.00 | 171.00 | 250.00 | 215.00 | 340.00 | 254.00 | 131.00 | 277.00 |
| Interest | 134.00 | 129.00 | 113.00 | 48.00 | 9.00 | 12.00 | 11.00 | 12.00 | 15.00 | 22.00 | 40.00 | 48.00 |
| Depreciation | 775.00 | 681.00 | 651.00 | 571.00 | 455.00 | 416.00 | 374.00 | 333.00 | 311.00 | 304.00 | 282.00 | 244.00 |
| Profit before tax | 1,644.00 | 2,187.00 | 1,941.00 | 1,435.00 | 1,982.00 | 1,555.00 | 1,140.00 | 1,177.00 | 1,116.00 | 1,059.00 | 674.00 | 713.00 |
| Tax % | 24.00 | 24.00 | 24.00 | 26.00 | 28.00 | 24.00 | 16.00 | 34.00 | 34.00 | 32.00 | 34.00 | 34.00 |
| Net Profit | 1,243.00 | 1,655.00 | 1,471.00 | 1,057.00 | 1,435.00 | 1,178.00 | 960.00 | 774.00 | 736.00 | 717.00 | 446.00 | 473.00 |
| EPS in Rs | 64.30 | 85.61 | 76.12 | 54.70 | 74.25 | 60.91 | 49.64 | 40.02 | 38.06 | 37.08 | 23.06 | 24.45 |
| Dividend Payout % | 25.00 | 19.00 | 21.00 | 29.00 | 38.00 | 28.00 | 40.00 | 20.00 | 21.00 | 11.00 | 12.00 | 5.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 39.00 | 39.00 | 39.00 | 39.00 | 39.00 | 39.00 | 39.00 | 39.00 | 39.00 | 19.00 | 19.00 | 19.00 |
| Reserves | 10,917.00 | 10,349.00 | 8,815.00 | 7,518.00 | 6,894.00 | 5,961.00 | 4,970.00 | 4,615.00 | 4,045.00 | 3,524.00 | 2,756.00 | 2,257.00 |
| Borrowings | 4,111.00 | 3,267.00 | 3,099.00 | 3,347.00 | 2,529.00 | 1,001.00 | 932.00 | 871.00 | 867.00 | 1,391.00 | 1,898.00 | 2,358.00 |
| Other Liabilities | 2,700.00 | 1,980.00 | 1,731.00 | 1,444.00 | 1,517.00 | 1,166.00 | 866.00 | 954.00 | 927.00 | 855.00 | 725.00 | 685.00 |
| Total Liabilities | 17,766.00 | 15,635.00 | 13,685.00 | 12,348.00 | 10,979.00 | 8,166.00 | 6,806.00 | 6,479.00 | 5,878.00 | 5,789.00 | 5,398.00 | 5,318.00 |
| Fixed Assets | 7,409.00 | 6,941.00 | 6,317.00 | 5,384.00 | 4,019.00 | 3,370.00 | 3,308.00 | 2,786.00 | 2,849.00 | 2,849.00 | 2,859.00 | 2,415.00 |
| CWIP | 2,472.00 | 986.00 | 944.00 | 1,392.00 | 1,258.00 | 856.00 | 587.00 | 600.00 | 119.00 | 110.00 | 231.00 | 634.00 |
| Investments | 3,124.00 | 3,264.00 | 2,686.00 | 2,037.00 | 1,897.00 | 1,418.00 | 1,062.00 | 1,083.00 | 1,103.00 | 1,349.00 | 836.00 | 444.00 |
| Other Assets | 4,761.00 | 4,443.00 | 3,737.00 | 3,535.00 | 3,805.00 | 2,523.00 | 1,850.00 | 2,010.00 | 1,808.00 | 1,481.00 | 1,473.00 | 1,825.00 |
| Total Assets | 17,766.00 | 15,635.00 | 13,685.00 | 12,348.00 | 10,979.00 | 8,166.00 | 6,806.00 | 6,479.00 | 5,878.00 | 5,789.00 | 5,398.00 | 5,318.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 2,249.00 | 1,764.00 | 2,082.00 | 1,448.00 | 908.00 | 1,339.00 | 1,173.00 | 820.00 | 750.00 | 847.00 | 1,072.00 | 984.00 |
| Cash from Investing Activity | -2,523.00 | -1,480.00 | -1,475.00 | -1,783.00 | -1,897.00 | -1,173.00 | -678.00 | -636.00 | -92.00 | -563.00 | -552.00 | -435.00 |
| Cash from Financing Activity | 254.00 | -279.00 | -601.00 | 359.00 | 980.00 | -158.00 | -495.00 | -165.00 | -654.00 | -589.00 | -625.00 | -130.00 |
| Net Cash Flow | -19.00 | 6.00 | 5.00 | 23.00 | -9.00 | 8.00 | 1.00 | 20.00 | 4.00 | -306.00 | -105.00 | 419.00 |
| Free Cash Flow | -749.00 | 316.00 | 1,001.00 | -304.00 | -681.00 | 416.00 | 390.00 | 86.00 | 339.00 | 666.00 | 833.00 | 614.00 |
| CFO/OP % | 115.00 | 91.00 | 111.00 | 105.00 | 68.00 | 93.00 | 115.00 | 94.00 | 103.00 | 103.00 | 151.00 | 165.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 49.00 | 52.00 | 56.00 | 42.00 | 48.00 | 48.00 | 45.00 | 36.00 | 39.00 | 40.00 | 43.00 | 56.00 |
| Inventory Days | 126.00 | 129.00 | 108.00 | 124.00 | 162.00 | 148.00 | 105.00 | 113.00 | 105.00 | 110.00 | 102.00 | 76.00 |
| Days Payable | 64.00 | 54.00 | 66.00 | 37.00 | 80.00 | 103.00 | 65.00 | 58.00 | 70.00 | 87.00 | 88.00 | 74.00 |
| Cash Conversion Cycle | 111.00 | 126.00 | 99.00 | 129.00 | 130.00 | 93.00 | 84.00 | 92.00 | 75.00 | 64.00 | 58.00 | 58.00 |
| Working Capital Days | -45.00 | -16.00 | -17.00 | -10.00 | -3.00 | 7.00 | -4.00 | 13.00 | 76.00 | -38.00 | -61.00 | -23.00 |
| ROCE % | 11.00 | 17.00 | 16.00 | 14.00 | 24.00 | 24.00 | 17.00 | 22.00 | 22.00 | 20.00 | 15.00 | 17.00 |
Corporate Actions
50 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 04 Aug 2026 | 04 Aug 2026 | — | 4.00 | |
| Dividend | 17 Jul 2026 | 17 Jul 2026 | — | 4.00 | |
| Dividend | 02 Feb 2026 | 02 Feb 2026 | — | 4.00 | |
| Dividend | 07 Nov 2025 | 07 Nov 2025 | — | 4.00 | |
| Dividend | 31 Jul 2025 | 31 Jul 2025 | — | 4.00 | |
| Dividend | 11 Jul 2025 | 12 Jul 2025 | — | 4.00 | |
| Dividend | 30 Jan 2025 | 30 Jan 2025 | — | 4.00 | |
| Dividend | 31 Oct 2024 | 02 Nov 2024 | — | 4.00 | |
| Dividend | 20 Aug 2024 | 20 Aug 2024 | — | 4.00 | |
| Dividend | 05 Jul 2024 | 06 Jul 2024 | — | 4.00 | |
| Dividend | 02 Feb 2024 | 02 Feb 2024 | — | 4.00 | |
| Dividend | 31 Oct 2023 | 31 Oct 2023 | — | 4.00 | |
| Dividend | 11 Aug 2023 | 12 Aug 2023 | — | 4.00 | |
| Dividend | 11 Jul 2023 | 11 Jul 2023 | — | 4.00 | |
| Dividend | 17 Feb 2023 | 18 Feb 2023 | — | 4.00 | |
| Dividend | 21 Nov 2022 | 22 Nov 2022 | — | 4.00 | |
| Dividend | 11 Aug 2022 | 13 Aug 2022 | — | 4.00 | |
| Dividend | 24 Jun 2022 | 27 Jun 2022 | — | 4.00 | |
| Dividend | 21 Feb 2022 | 22 Feb 2022 | — | 12.00 | NSE/BSE dividend mismatch: BSE/NSE=4.0; BSE/NSE=12.0 |
| Dividend | 21 Feb 2022 | 22 Feb 2022 | — | 4.00 | NSE/BSE dividend mismatch: BSE/NSE=4.0; BSE/NSE=12.0 |
| Dividend | 17 Nov 2021 | 19 Nov 2021 | — | 4.00 | |
| Dividend | 12 Aug 2021 | 14 Aug 2021 | — | 4.00 | |
| Dividend | 18 Jun 2021 | 21 Jun 2021 | — | 5.00 | |
| Dividend | 15 Feb 2021 | 16 Feb 2021 | — | 5.00 | |
| Dividend | 12 Nov 2020 | 14 Nov 2020 | — | 4.00 | |
| Dividend | 20 Aug 2020 | 22 Aug 2020 | — | 3.00 | |
| Dividend | 24 Feb 2020 | 25 Feb 2020 | — | 16.00 | |
| Dividend | 21 Nov 2019 | 22 Nov 2019 | — | 2.00 | |
| Dividend | 20 Aug 2019 | 21 Aug 2019 | — | 2.00 | |
| Dividend | 04 Jul 2019 | — | — | 2.00 | |
| Dividend | 15 Feb 2019 | 18 Feb 2019 | — | 2.00 | |
| Dividend | 14 Nov 2018 | 15 Nov 2018 | — | 2.00 | |
| Dividend | 20 Aug 2018 | 21 Aug 2018 | — | 2.00 | |
| Dividend | 09 Jul 2018 | — | — | 1.50 | |
| Dividend | 21 Feb 2018 | 22 Feb 2018 | — | 1.50 | |
| Bonus | 21 Dec 2017 | 23 Dec 2017 | 1:1 | — | |
| Dividend | 16 Nov 2017 | 17 Nov 2017 | — | 2.50 | |
| Dividend | 06 Sep 2017 | — | — | 2.50 | |
| Dividend | 04 Aug 2017 | 07 Aug 2017 | — | 2.50 | |
| Dividend | 17 Feb 2017 | 20 Feb 2017 | — | 2.00 | |
| Dividend | 07 Dec 2016 | 08 Dec 2016 | — | 2.00 | |
| Dividend | 19 Sep 2016 | 20 Sep 2016 | — | 1.50 | |
| Other | 01 Aug 2016 | — | — | — | Annual General Meeting |
| Dividend | 16 Mar 2016 | 17 Mar 2016 | — | 2.50 | NSE/BSE dividend mismatch: BSE/NSE=3.0; BSE/NSE=2.5 |
| Dividend | 16 Mar 2016 | 17 Mar 2016 | — | 3.00 | NSE/BSE dividend mismatch: BSE/NSE=3.0; BSE/NSE=2.5 |
| Dividend | 06 Jul 2015 | — | — | 2.40 | |
| Other | 24 Mar 2015 | 25 Mar 2015 | — | — | Spin Off |
| Other | 24 Mar 2015 | 25 Mar 2015 | — | — | Scheme of Arrangement |
| Dividend | 05 Sep 2014 | — | — | 2.00 | |
| Dividend | 16 Sep 2013 | — | — | 1.50 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update25 Aug from icra
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Rating update13 Aug from crisil
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Rating update5 Mar from care
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Rating update27 Feb from crisil
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Rating update28 Oct 2025 from crisil
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Rating update28 Aug 2025 from crisil