Balkrishna Industries Limited
Incorporated in 1961, BIL is engaged in manufacturing specialty tyres, known as OHT which caters to agriculture, industrial, construction, earthmoving, mining, port, lawn & garden, and all-terrain vehicle (ATVs) tyres with over 3,200 SKUs as on March...
Key Metrics
EPS
76.12
Current ratio
1.30
Debt/Equity
0.20
Debt/EBITDA
0.44
Interest coverage ratio
18.11
Operating Cashflow to total debt
1.14
Financials
Pros & Cons
Exclusive on TAP Bonds
Here's what we like about this company and potential risks we have identified.
Pros
Diversified revenue profile and geographical presence
Healthy TOI and improvement in operating margins aided by backward integration of carbon black
Comfortable capital structure and debt coverage indicators
Liquidity: Strong
Cons
Volatility susceptible to raw material prices and currency risk
Exposed to government regulations of importing countries
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About Balkrishna Industries Limited bond.
This comprehensive profile covers key factual information about Balkrishna Industries Limited. Incorporated in 1961, BIL is engaged in manufacturing specialty tyres, known as OHT which caters to agriculture, industrial, construction, earthmoving, mining, port, lawn & garden, and all-terrain vehicle (ATVs) tyres with over 3,200 SKUs as on March 31, 2024. The company primarily caters to more than 160 countries in the exports markets of Europe, America, and Australasia. The company has five tyre manufacturing plants in India at Waluj (Maharashtra), Bhiwadi, (Rajasthan), Chopanki, (Rajasthan),and Bhuj, (Gujarat) and a carbon black manufacturing facility at Bhuj, (Gujarat), a wind mill at Jaisalmer (Rajasthan), and a mould plant in Dombivli, (Maharashtra). Post brown field capex, the achievable capacity of tyre plants stood at 360,000 MTPA. The company also has backward integration for its carbon black requirements; additionally, it is also sold in the market. EPS in Mar-2024 was 76.12. Current ratio in Mar-2024 was 1.30. Debt/Equity in Mar-2024 was 0.20. Debt/EBITDA in Mar-2024 was 0.44. Interest coverage ratio in Mar-2024 was 18.11. Operating Cashflow to total debt in Mar-2024 was 1.14. Total revenue for March-2024 was ₹9,818.09. Net income for March-2024 stood at ₹1,471.49. Total assets as of Mar-2024 were ₹13684.54. Operating cash flow for Mar-2024 was ₹2,082.64. The company’s borrowing relationships include ICICI Bank Limited (₹N/A Cr), Standard Chartered Bank (₹N/A Cr), ICICI Bank Limited (₹N/A Cr), BNP Paribas Bank (₹N/A Cr), The Hongkong and Shanghai Banking Corporation Limited (₹N/A Cr), YES Bank Limited (₹N/A Cr), BNP Paribas Bank (₹N/A Cr), Kotak Mahindra Bank Limited (₹N/A Cr), Standard Chartered Bank (₹N/A Cr), The Hongkong and Shanghai Banking Corporation Limited (₹N/A Cr), Citibank N. A. (₹N/A Cr), (₹N/A Cr). Peers and comparison entities consist of Balkrishna Industries Limited, Mrf Limited, Apollo Tyres Limited, Ceat Limited. As of Dec 2024, promoters hold N/A% while others hold N/A% of equity. Key strengths include: Diversified revenue profile and geographical presence ; Healthy TOI and improvement in operating margins aided by backward integration of carbon black; Comfortable capital structure and debt coverage indicators; Liquidity: Strong. Key risks include: Volatility susceptible to raw material prices and currency risk; Exposed to government regulations of importing countries. Leadership team details include Arvind Poddar (Chairman & Managing Director), Laxmidas Merchant (Non Executive & Independent Director), Madhusudan Bajaj (Sr. President (Commercial) & CFO), Pannkaj Ghadiali (Non Executive & Independent Director), Rahul Dutt (Non Executive & Independent Director), Rajiv Poddar (Joint Managing Director), Shruti Shah (Non Executive & Independent Director), Vijaylaxmi Poddar (Non Executive Non Independent Director), Vipul Shah (Whole Time Director & Company Secretary). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.