NSE/BALKRISIND

BALKRISINDBalkrishna Industries Ltd

Automobile · NSE

₹2,329.8-0.54%

52-wk low52-WEEK RANGE52-wk high

₹2,040.2+14.2% from low ·-16.0% from high₹2,774

Price chart · 1M–10Y · daily-close

NSE bhavcopy + 10Y historical

BALKRISIND+2.16% · 1Y

Range high ₹2,817.5Range low ₹2,015.4Latest ₹2,329.8252 bars · daily-close · NSE bhavcopy + 10Y history

AutomobileAuto PartsMidcapLow Risk

Stock scorecard

Auto-computed from latest ratios + sector context · not a buy/sell signal

Composite38/100

Performance

Low

Hasn't fared well — amongst the weak performers.

· 52w return -7.8% — underperformer
· Below 200-DMA (-2.9%) — downtrend

Valuation

Medium

Valuation close to the sector median.

· P/E 34.0 close to sector median 31.3

Growth

Medium

Steady but not standout growth.

· Revenue YoY +12.3%
· Profit YoY +13.3%

Profitability

Medium

Average profitability vs peers.

· ROE 12.6%
· Net margin 15.6% — strong pricing power

DVM composite · Durability · Valuation · Momentum

Trendlyne-style 3-axis composite · all drivers shown below · not a buy/sell signal

CompositeB(61/100)

Durability

84/100

Financially resilient — strong quality + solvency profile.

Show 4 drivers

Piotroski F-score7/9 (78pt)
Altman Z" score2.84 (100pt)
Debt/Equity0.35 (96pt)
ROE12.6% (50pt)

Valuation

51/100

Trading at a premium — growth must keep delivering to justify.

Show 4 drivers

P/E vs sector (34.0 / 31.3)109% (55pt)
P/B4.27 (70pt)
Dividend yield0.75% (19pt)
EV/EBITDA19.5 (40pt)

Momentum

49/100

Momentum is muted; trend is unclear or rolling over.

Show 5 drivers

52w change-7.8% (35pt)
DMA-trend alignmentdown (25pt)
RSI (14)58.0 (97pt)
Price vs 200-DMA-2.7% (50pt)
MACD regimebullish (75pt)

Valuation positioning

Current ratio vs sector peer distribution

P/E (TTM)34.04

FAIR

CheapestP/E 34.0 near sector median.Most expensive

P/B4.27

FAIR

CheapestP/B 4.27 at 44th %ile of sector.Most expensive

EV/EBITDA19.52

OVERVALUED

Monthly seasonality

Avg monthly return over 10 years · historical — not a forecast

Best: Apr +7.30% · Worst: Feb -2.18%

Jan

-1.5%

40% win

Feb

-2.2%

40% win

Mar

+0.0%

50% win

Apr

+7.3%

90% win

May

+4.7%

60% win

Jun

+2.1%

Monthly return distribution

Distribution of 120 monthly returns

Mean

+2.13%

Median

+2.12%

Std dev

9.98%

Best

+25.9%

Worst

-27.8%

% positive

57%

SWOT analysis

Auto-derived from ratios + sector context + forensics · research only, not a recommendation

STRENGTHS · 3

Strong net margin (15.6%)
High margin indicates pricing power + operating efficiency
Financial quality score 7/9
Piotroski ≥7 historically associated with outperformance
Bankruptcy risk low (Altman Z″ 2.84)
Z″ above 2.60 sits squarely in the 'safe' zone

WEAKNESSES · 0

No material weaknesses flag from the numbers

OPPORTUNITIES · 0

No strong near-term catalysts visible

THREATS · 0

No immediate threats from the data

RETURNS · DAILY-CLOSE BASED

3Y+ shown as CAGR

-0.5%

+2.7%

+4.7%

-1.9%

+1.0%

+0.4%

+5.7%

+7.8%

10Y

+22.2%

Fundamentals

VALUATION

Market cap

₹44,614 Cr

P/E (TTM)

34.0

P/E (fwd)

26.4

next 12m

P/B

4.27

EV/EBITDA

19.5

Book value

₹539.96

per share

PROFITABILITY · QUALITY

ROE

12.6%

ROCE

—

Net margin

15.6%

Op margin

16.4%

Gross margin

50.2%

D/E

0.35

GROWTH · MARKET

Rev YoY

+12.3%

Profit YoY

+13.3%

Div yield

0.75%

Payout

23.6%

52w change

-7.8%

Beta

0.32

defensive

Pros and cons

Auto-derived from ratios · not a buy/sell recommendation

PROS · 1

+Forward P/E materially below trailing (26.4x vs 34.0x)Street expects earnings growth that compresses the multiple — positive surprise cushion

CONS · 0

No material concerns surface from the ratios alone — still layer qualitative research.

Sector-relative context

Automobile · 16 peers

P/E (TTM)

This stock

34.04

Sector median

31.29

Rank 10/16 (44th %ile)

ROE

This stock

12.6%

Sector median

15.0%

Rank 8/16 (56th %ile)

P/B

This stock

4.27

Sector median

4.37

Rank 7/16 (63th %ile)

Quality score · Piotroski F-score

7 / 9

Decent quality — clears Piotroski bar

✓Profitable (positive net income)· Most basic check — company makes money
✓Positive return on assets· Assets generate returns
✓Positive operating cash flow· Profits are backed by real cash, not accruals
✗Operating CF exceeds net profit· Healthy cash conversion — no aggressive revenue recognition
✓Long-term debt decreased YoY· Deleveraging — lower refinancing risk
✓ROA improved YoY· Getting more productive with the asset base
✓Operating margin expanded YoY· Pricing power or cost discipline
✗

Forensic score · Altman Z″ (emerging markets)

Bankruptcy-risk predictor · 1995 Altman emerging-market revision

SAFE2.84

Z″ = 2.84 — well inside the SAFE zone. Low bankruptcy risk signal across liquidity, profitability and solvency inputs.

Component	Ratio	Weight	Contribution
Working Capital / Total Assets (A)	0.130	×6.56	0.852
Retained Earnings / Total Assets (B)	0.224	×3.26	0.731
EBIT / Total Assets (C)	0.142	×6.72	0.951
Book Equity / Total Liabilities (D)	0.295	×1.05	0.310

Zones: Z″ ≥ 2.60 safe · 1.10–2.60 grey · < 1.10 distress. All four inputs derived from latest annual filing.

Analyst consensus

18 analysts · HOLD

Target mean

₹2303.28

Target high

₹2678.00

Target low

₹1931.00

Upside vs today

-0.2%

Street consensus target is -0.2% vs current price. Consensus is a lagging sentiment read, not a forecast.

Company + balance sheet snapshot

Industry

Auto Parts

Employees

3,758

Shares out

19.3

Revenue (TTM)

₹10,643 Cr

EBITDA

₹2,222 Cr

Total debt

₹3,682 Cr

Cash

₹1,426 Cr

Net debt

₹2,256 Cr

Quarterly results

Last 5 quarters · ₹ Cr (Screener.in-grade depth)

Metric	2024-Q3	2024-Q4	2025-Q1	2025-Q2	2025-Q4
Revenue	2,420	2,560	2,663	2,760	2,737
Operating profit	413	428	437	318	448
OPM %	17.1%	16.7%	16.4%	11.5%	16.4%
Interest	41

Annual P&L

Last 4 years · ₹ Cr · all line items

Metric	2022-FY	2023-FY	2024-FY	2025-FY
Revenue	8,209	9,646	9,304	10,357
Operating profit	1,554	1,144	1,606	1,779
OPM %	18.9%	11.9%	17.3%	17.2%
Interest	8	42	101	110

Peer	Last close	1Y change	Mcap ₹Cr	P/E	P/B	ROE	D/E	Rev YoY
BALKRISINDTHIS Balkrishna Industries Limited	₹2,329.8	-7.8%	44,614	34.0	4.27	12.6%	0.35	+12.3%
MARUTI Maruti Suzuki India Limited	₹13,453	+14.5%	4,22,871	28.3	4.24	15.0%	0.00	+28.7%
M&M Mahindra & Mahindra Limited	₹3,200.2	+15.8%	3,86,838	23.0	4.34	18.9%	1.32	+26.4%
BAJAJ-AUTO Bajaj Auto Limited	₹9,773.5	+18.5%	2,73,751	30.9	8.01	26.0%	0.57	+23.1%
EICHERMOT Eicher Motors Limited	₹7,189.5	+23.7%	1,98,686	37.2	8.99	24.2%	0.02	+22.9%
MOTHERSON Samvardhana Motherson International Limited	₹125.03	-5.7%	1,29,734	38.0	3.52	9.3%	0.50	+14.5%
BOSCHLTD Bosch Limited	₹37,505	+34.9%	1,11,456	40.5	7.95	19.6%	0.01	+9.4%
HEROMOTOCO Hero MotoCorp Limited	₹5,230.5	+33.5%	1,05,697	19.4	5.03	25.9%	0.03	+21.7%
ASHOKLEY Ashok Leyland Limited	₹174.78	-21.3%	1,02,375	31.0	8.11	26.2%	3.28	+1.0%

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Research tool · not investment advice.

Axel Markets is an information + analytics product. We are not a SEBI-registered Research Analyst (RA) or Investment Adviser (IA). Nothing on this page is a buy, sell, or hold recommendation. Past performance is not indicative of future returns. Verify all data against the authoritative source (NSE, BSE, AMFI, SEBI, company RHP / factsheet) before acting. Daily OHLCV sourced primarily from our NSE bhavcopy ingest (public sec_bhavdata_full CSV), with Stooq as a fallback for historical gaps. Split + bonus adjusted. Excludes dividends. Not a recommendation. Past performance does not predict future returns. For authoritative live quotes see NSE / BSE directly.

Quarter	EPS estimate	EPS actual	Surprise %
-1q	17.42	19.40	+11.3%
-2q	20.80	14.13	-32.1%
-3q	21.57	14.91	-30.9%
-4q	25.70	19.06	-25.9%

Date	Amount
2026-02-02	₹4.00
2025-11-07	₹4.00
2025-07-31	₹4.00
2025-07-11	₹4.00
2025-01-30	₹4.00
2024-10-31	₹4.00
2024-08-20	₹4.00
2024-07-05	₹4.00
2024-02-02	₹4.00
2023-10-31	₹4.00
2023-08-11	₹4.00
2023-07-11	₹4.00
2023-02-17	₹4.00
2022-11-21	₹4.00
2022-08-11	₹4.00
2022-06-24	₹4.00
2022-02-21	₹16.00
2021-11-17	₹4.00
2021-08-12	₹4.00
2021-06-18	₹5.00

Metric	2022-FY	2023-FY	2024-FY	2025-FY
Equity capital	39	39	39	39
Reserves	2,462	2,810	3,573	4,418
Borrowings	2,529	3,347	3,099	3,267
Other liabilities	0	0	0	103
Total liabilities	10,979	12,348	13,685	15,635
Fixed assets	5,702	6,989	7,471	8,313
CWIP	1,762	1,677	1,220	1,437
Investments	1,212	1,262	1,337	1,562
Other assets	506	—	0	453
Total assets	10,979	12,348	13,685	15,635

Metric	2022-FY	2023-FY	2024-FY	2025-FY
CF Operating	908	1,448	2,082	1,764
CF Investing	-1,897	-1,783	-1,476	-1,479
CF Financing	980	359	-601	-279
Net cash flow	-9	23	5	6
Free cash flow	-687	-315	983	281

Metric	2025-FY	2024-FY	2023-FY	2022-FY
OPM %	17.2%	17.3%	11.9%	18.9%
Net margin %	16.0%	15.8%	11.0%	17.5%
ROE %	41.0%	45.6%	39.5%	57.4%
ROCE %	31.8%	31.6%	26.3%	39.6%
Debt / Equity	0.73	0.86	1.17	1.01
Interest coverage	21.0×	20.3×	34.8×	235.6×
Revenue growth YoY	+11.3%	-3.5%	+17.5%	—
Profit growth YoY	+12.5%	+39.2%	-26.3%	—

BALKRISINDBalkrishna Industries Ltd

Price chart · 1M–10Y · daily-close

Stock scorecard

DVM composite · Durability · Valuation · Momentum

Valuation positioning

Monthly seasonality

Monthly return distribution

SWOT analysis

Fundamentals

Pros and cons

Sector-relative context

Quality score · Piotroski F-score

Forensic score · Altman Z″ (emerging markets)

Analyst consensus

Company + balance sheet snapshot

Quarterly results

Annual P&L

Peer comparison · Automobile

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Technical snapshot

Earnings history + surprises

Dividends + splits history

Stock scorecard

SWOT analysis

Recent news

DVM composite · Durability · Valuation · Momentum

Valuation positioning

Monthly seasonality

Monthly return distribution

Fundamentals

Pros and cons

Sector-relative context

Quality score · Piotroski F-score

Forensic score · Altman Z″ (emerging markets)

Analyst consensus

Company + balance sheet snapshot

Quarterly results

Annual P&L

Balance sheet

Cash flow statement

Ratios

Peer comparison · Automobile