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Balkrishna Industries Limited BALKRISIND.NS

IN · National Stock Exchange of India · XNSE · stock · Consumer Cyclical · website

Balkrishna Industries Limited statistics & valuation

Market cap₹429.2B
P / E34.5×
P / S4.0×
P / B3.9×
Net margin11.5%
FCF margin-7.0%
Net debt₹40.5B
Enterprise value USD$4.9B
Earnings yield EBIT/EV3.2%
Return on capital12%
Graham number -59.2%₹905.47

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (₹905.47); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
11.00% 15.80% 15.80% 11.50% 2023202420252026
Gross margin (%)
46.40% 48.20% 51.60% 51.70% 2023202420252026
Operating margin (%)
11.90% 17.30% 17.00% 14.10% 2023202420252026
Return on equity (%)
14.00% 16.60% 15.90% 11.30% 2023202420252026
Shares outstanding
193.3M 193.3M 193.3M 193.3M 2023202420252026
Net debt (₹)
₹32.77B ₹30.25B ₹31.87B ₹40.50B 2023202420252026
Share buybacks (₹)
2023202420252026
Return on assets (%)
8.60% 10.80% 10.60% 7.00% 2023202420252026
Free cash flow margin (%)
-3.30% 10.60% 2.70% -7.00% 2023202420252026
Debt / equity (×)
0.44× 0.35× 0.31× 0.38× 2023202420252026
EPS (₹)
₹54.70 ₹76.12 ₹85.61 ₹64.30 2023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Balkrishna Industries Limited trades at about 34.5× earnings — near its 10-year norm (10-year range 31.2×–38.1×, median 33.6×).

31.2× 38.1×

Shaded band = 10-year range (31.2×–38.1×); dot = today's 34.5×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023
Gross margin51.7%51.6%48.2%46.4%
Operating margin14.1%17.0%17.3%11.9%
Net margin11.5%15.8%15.8%11.0%
FCF margin-7.0%2.7%10.6%-3.3%
Return on assets7.0%10.6%10.8%8.6%
Return on equity11.3%15.9%16.6%14.0%
Debt / equity0.08×0.04×0.08×0.14×
Current ratio1.011.321.271.17

Computed from company filings · IN · as of 2026-03-31. Figures in INR. Facts plus Stocktoria's own computed scores — not investment advice.