Balkrishna Industries (BALKRISIND)₹2,344−1.80%Tyres & Rubber Products
In the Jun 2026 quarter (consolidated), Balkrishna Industries reported sales of ₹3,459 Cr, up 25.2% from Jun 2025, and net profit of ₹451 Cr, up 56.7% year on year. For the year to Mar 2026, sales were ₹10,836 Cr and net profit ₹1,243 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,254 | 2,275 | 2,687 | 2,717 | 2,423 | 2,561 | 2,755 | 2,762 | 2,395 | 2,741 | 2,937 | 3,459 |
| Expenses | 1,722 | 1,736 | 2,004 | 2,054 | 1,842 | 1,963 | 2,140 | 2,258 | 1,885 | 2,097 | 2,294 | 2,713 |
| Operating Profit | 534 | 541 | 681 | 664 | 580 | 601 | 615 | 506 | 511 | 644 | 640 | 744 |
| OPM % | 24.0% | 24.0% | 25.0% | 24.0% | 23.9% | 23.0% | 22.0% | 18.0% | 21.0% | 24.0% | 22.0% | 22.0% |
| Other Income | 107 | 65.95 | 171 | 162 | 89.98 | 187 | 98.92 | 107 | 70.99 | 76.93 | −3.99 | 99.94 |
| Interest | 23.93 | 35.87 | 30.90 | 21.94 | 40.87 | 15.96 | 49.84 | 30.89 | 32.89 | 33.90 | 35.88 | 36.87 |
| Depreciation | 160 | 160 | 173 | 162 | 165 | 173 | 177 | 187 | 192 | 194 | 198 | 205 |
| Profit before tax | 457 | 410 | 648 | 641 | 464 | 602 | 486 | 395 | 358 | 492 | 402 | 603 |
| Tax % | 24.0% | 25.0% | 25.0% | 23.1% | 25.0% | 25.1% | 24.1% | 27.1% | 24.1% | 22.0% | 25.1% | 25.0% |
| Net Profit | 347 | 305 | 488 | 490 | 347 | 449 | 369 | 288 | 273 | 382 | 299 | 451 |
| EPS (Rs) | 18.02 | 15.84 | 25.25 | 25.44 | 18.01 | 23.31 | 19.11 | 14.95 | 14.18 | 19.85 | 15.55 | 23.41 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,239 | 3,729 | 4,446 | 5,219 | 4,819 | 5,789 | 8,310 | 9,768 | 9,386 | 10,460 | 10,836 | 11,532 |
| Expenses | 2,372 | 2,597 | 3,344 | 3,910 | 3,540 | 3,979 | 6,292 | 8,061 | 7,122 | 7,992 | 8,527 | 8,989 |
| Operating Profit | 866 | 1,131 | 1,103 | 1,307 | 1,276 | 1,812 | 2,010 | 1,712 | 2,256 | 2,462 | 2,301 | 2,539 |
| OPM % | 27.0% | 30.0% | 25.0% | 25.0% | 26.0% | 31.0% | 24.0% | 18.0% | 24.0% | 24.0% | 21.0% | 22.0% |
| Other Income | 131 | 254 | 340 | 215 | 250 | 171 | 438 | 342 | 449 | 537 | 252 | 244 |
| Interest | 39.87 | 21.94 | 14.95 | 11.96 | 10.98 | 11.97 | 8.97 | 47.86 | 113 | 129 | 134 | 140 |
| Depreciation | 281 | 303 | 310 | 332 | 372 | 414 | 454 | 569 | 649 | 679 | 773 | 790 |
| Profit before tax | 676 | 1,062 | 1,120 | 1,181 | 1,142 | 1,559 | 1,987 | 1,439 | 1,945 | 2,192 | 1,648 | 1,855 |
| Tax % | 34.0% | 32.0% | 34.0% | 34.1% | 16.0% | 24.1% | 28.0% | 26.0% | 24.0% | 24.1% | 24.1% | — |
| Exceptional items | 0.00 | 72.81 | 21.93 | 20.94 | 135 | 13.95 | 21.95 | 57.80 | 162 | 222 | 211 | — |
| Net Profit | 446 | 718 | 736 | 775 | 961 | 1,179 | 1,435 | 1,057 | 1,473 | 1,656 | 1,243 | 1,406 |
| EPS (Rs) | 23.15 | 37.18 | 38.18 | 40.13 | 49.80 | 61.06 | 74.51 | 54.88 | 76.33 | 85.83 | 64.53 | 72.99 |
| Dividend payout % | 12.0% | 11.1% | 21.1% | 20.1% | 40.1% | 28.0% | 38.1% | 29.1% | 21.0% | 19.0% | 25.1% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 18.96 | 18.99 | 18.96 | 38.91 | 38.94 | 38.98 | 38.94 | 38.89 | 38.91 | 38.97 | 38.99 | 38.92 |
| Reserves | 2,253 | 2,755 | 3,521 | 4,040 | 4,608 | 4,965 | 5,949 | 6,883 | 7,511 | 8,807 | 10,343 | 10,905 |
| Borrowings | 2,355 | 1,897 | 1,389 | 865 | 870 | 932 | 1,000 | 2,524 | 3,342 | 3,096 | 3,265 | 4,106 |
| Other Liabilities | 688 | 728 | 859 | 931 | 959 | 870 | 1,172 | 1,524 | 1,451 | 1,739 | 1,990 | 2,713 |
| Total Liabilities | 5,315 | 5,399 | 5,788 | 5,876 | 6,475 | 6,805 | 8,159 | 10,970 | 12,343 | 13,682 | 15,636 | 17,761 |
| Fixed Assets | 2,421 | 2,869 | 2,858 | 2,856 | 2,793 | 3,317 | 3,379 | 4,033 | 5,401 | 6,335 | 6,968 | 7,435 |
| CWIP | 633 | 231 | 110 | 119 | 599 | 586 | 855 | 1,256 | 1,389 | 943 | 984 | 2,469 |
| Investments | 443 | 834 | 1,344 | 1,100 | 1,080 | 1,059 | 1,413 | 1,891 | 2,030 | 2,679 | 3,254 | 3,113 |
| Other Assets | 1,818 | 1,467 | 1,476 | 1,802 | 2,002 | 1,844 | 2,512 | 3,790 | 3,523 | 3,725 | 4,429 | 4,744 |
| Inventories | 411 | 398 | 476 | 620 | 760 | 616 | 940 | 1,673 | 1,667 | 1,333 | 1,784 | 1,809 |
| Trade receivables | 581 | 385 | 411 | 480 | 517 | 590 | 753 | 1,094 | 1,114 | 1,442 | 1,493 | 1,445 |
| Cash & equivalents | 435 | 331 | 25.05 | 33.07 | 66.16 | 69.22 | 75.16 | 52.12 | 76.24 | 80.23 | 86.21 | 65.14 |
| Total Assets | 5,315 | 5,399 | 5,788 | 5,876 | 6,475 | 6,805 | 8,159 | 10,970 | 12,343 | 13,682 | 15,636 | 17,761 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 987 | 1,074 | 849 | 752 | 822 | 1,176 | 1,342 | 911 | 1,453 | 2,086 | 1,768 | 2,255 |
| Cash from investing activity | −433 | −550 | −562 | −91.80 | −634 | −676 | −1,169 | −1,893 | −1,778 | −1,470 | −1,477 | −2,517 |
| Cash from financing activity | −130 | −625 | −590 | −655 | −165 | −496 | −158 | 981 | 359 | −601 | −279 | 254 |
| Net cash flow | 420 | −105 | −306 | 4.01 | 20.03 | 1.01 | 8.01 | −9.01 | 23.05 | 5.01 | 6.01 | −19.01 |
| Capex | 371 | 242 | 185 | 420 | 740 | 784 | 926 | 1,593 | 1,762 | 1,099 | 1,482 | 3,001 |
| Free cash flow | 616 | 836 | 668 | 340 | 86.25 | 391 | 417 | −683 | −305 | 1,005 | 317 | −751 |
| CFO / OP % | 164.9% | 151.0% | 102.9% | 103.0% | 94.0% | 114.9% | 92.9% | 67.9% | 105.0% | 110.9% | 90.9% | 114.9% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 56 | 43 | 40 | 39 | 36 | 45 | 48 | 48 | 42 | 56 | 52 | 49 |
| Inventory days | 76 | 102 | 110 | 105 | 113 | 105 | 148 | 162 | 124 | 108 | 129 | 126 |
| Days payable | 75 | 89 | 88 | 71 | 59 | 66 | 104 | 81 | 38 | 67 | 55 | 65 |
| Cash conversion cycle | 57 | 57 | 63 | 74 | 91 | 83 | 92 | 129 | 128 | 98 | 125 | 110 |
| Working capital days | −22 | −60 | −37 | 77 | 14 | −3 | 8 | −2 | −9 | −16 | −15 | −44 |
| ROCE % | 17.1% | 15.1% | 20.1% | 22.1% | 22.1% | 17.1% | 24.0% | 24.1% | 14.1% | 16.0% | 17.1% | 11.0% |
For the Jun 2026 quarter, Balkrishna Industries reported sales of ₹3,459 Cr, up 25.2% year on year and net profit of ₹451 Cr, up 56.7% year on year. The operating margin was 22.0%.
Balkrishna Industries' sales for the year to Mar 2026 were ₹10,836 Cr; over the last twelve months they were ₹11,532 Cr.
Net profit for the year to Mar 2026 was ₹1,243 Cr, and ₹1,406 Cr over the last twelve months. Earnings per share over the same trailing period were ₹72.99.
Balkrishna Industries reported borrowings of ₹4,106 Cr at Mar 2026, against cash and equivalents of ₹65.14 Cr.
Cash from operations was ₹2,255 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹751 Cr.