TickerSutra

NSE: BALKRISIND · BSE: 502355 · ISIN INE787D01026

Balkrishna Industries Limited stock analysis

Balkrishna Industries Limited ranks #948 in the TickerSutra evidence-ranked universe with a score of 58/100 and 95% data confidence. The latest captured fundamentals show ROCE of 11.2%, quarterly sales growth of 25.2% and quarterly profit growth of 56.4%.
Complete evidence gate pass governance reviewUpdated 29 Sept 2026
TICKERSUTRA SCORE58/100

Monitor only

#948 of 5,430 ranked equities
Market capitalisation₹43,629.99cr
ROCE11.2%
Quarterly sales growth25.2%
Quarterly profit growth56.4%
P/E ratio31.0×
Promoter pledge0.0%

INVESTMENT EVIDENCE

What supports—and challenges—the thesis

Evidence in favour

  • Strong CFO/EBITDA of 0.98×
  • CWIP indicates an active capacity pipeline
  • No promoter shares are reported as pledged

Risks and constraints

  • No calculated threshold risk in the current snapshot.

Still unresolved: Related-party exposure · Broad media sentiment

FINANCIAL TRAJECTORY

Recent operating history

PeriodRevenueOperating profitNet profitOperating margin
2022₹8,295cr₹2,009cr₹1,435cr24.0%
2023₹9,760cr₹1,712cr₹1,057cr18.0%
2024₹9,369cr₹2,256cr₹1,471cr24.0%
2025₹10,447cr₹2,459cr₹1,655cr24.0%
2026₹10,823cr₹2,301cr₹1,243cr21.0%
TTM₹11,518cr₹2,539cr₹1,406cr22.0%
Debt / equity0.38×
CFO / EBITDA0.98×
Operating margin22.0%
Free cash flow₹-749cr
Sales CAGR · 3Y3.5%
Profit CAGR · 3Y5.6%

EXCHANGE EVENT TRIGGERS

Latest corporate disclosures

0 positive catalysts0 negative catalysts6 routine filings

MANAGEMENT COMMENTARY

Signals from filed documents

Capacity expansion plansHigh severity · 1 mention
Positive catalyst

Moving on to our new and ongoing capex. As a part of our ongoing capex plan, we have completed the following: (1) A new line of Carbon Black- facility, which was commissioned in Bhuj, taking our capacity to 360,000 MTPA at a capital outlay of INR800 crores. (2) Also, we increased the power capacity at Bhuj from 40 megawatts to 64 megawatts at a capital outlay of INR125 crores.

Raw material inflationModerate severity · 3 mentions
Risk easing

Going forward, we expect geopolitical challenges to impact the pricing and supply of Carbon Black on the back of increased crude prices. We expect some price increases to offset the raw material inflation. Further, the demand continues to be robust in this segment.

Pricing commentaryModerate severity · 3 mentions
Constructive

Going forward, we expect geopolitical challenges to impact the pricing and supply of Carbon Black on the back of increased crude prices. We expect some price increases to offset the raw material inflation. Further, the demand continues to be robust in this segment.

Regulatory updatesModerate severity · 26 mentions
Watch

We also engage with stakeholders in water-stressed areas to collaboratively manage shared water resources using customised STP and ETP treated water, improving community relations and ensuring operational stability. 1HJDWLYH Poor water management can disrupt operations and lead to additional costs for water procurement and regulatory compliance. Corporate Governance Risk Governance issues can result in significant no

HOW TO READ THIS PAGE

Evidence, freshness and limitations

What does the TickerSutra score mean?

The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.

Which sources support this page?

Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.

Why can an item be unresolved?

Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.

Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer

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