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APOLLO TYRES vs BALKRISHNA INDUSTRIES - Comparison Results

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Current Valuations

    APOLLO TYRES BALKRISHNA INDUSTRIES APOLLO TYRES/
BALKRISHNA INDUSTRIES
 
P/E (TTM) x 16.1 35.5 45.5% View Chart
P/BV x 2.2 5.8 38.5% View Chart
Dividend Yield % 1.0 0.9 112.8%  

Financials

 APOLLO TYRES   BALKRISHNA INDUSTRIES
EQUITY SHARE DATA
    APOLLO TYRES
Mar-23
BALKRISHNA INDUSTRIES
Mar-23
APOLLO TYRES/
BALKRISHNA INDUSTRIES
5-Yr Chart
Click to enlarge
High Rs3432,451 14.0%   
Low Rs1671,801 9.3%   
Sales per share (Unadj.) Rs386.8504.8 76.6%  
Earnings per share (Unadj.) Rs17.454.7 31.8%  
Cash flow per share (Unadj.) Rs39.784.2 47.2%  
Dividends per share (Unadj.) Rs4.5020.00 22.5%  
Avg Dividend yield %1.80.9 187.5%  
Book value per share (Unadj.) Rs202.8390.9 51.9%  
Shares outstanding (eoy) m635.10193.32 328.5%   
Bonus / Rights / Conversions 00-  
Price / Sales ratio x0.74.2 15.7%   
Avg P/E ratio x14.738.9 37.7%  
P/CF ratio (eoy) x6.425.2 25.4%  
Price / Book Value ratio x1.35.4 23.1%  
Dividend payout %25.936.6 70.8%   
Avg Mkt Cap Rs m161,998410,992 39.4%   
No. of employees `000NANA-   
Total wages/salary Rs m26,1994,594 570.3%   
Avg. sales/employee Rs Th00-  
Avg. wages/employee Rs Th00-  
Avg. net profit/employee Rs Th00-  
INCOME DATA
Net Sales Rs m245,68197,595 251.7%  
Other income Rs m4113,465 11.9%   
Total revenues Rs m246,092101,061 243.5%   
Gross profit Rs m33,55917,359 193.3%  
Depreciation Rs m14,1915,708 248.6%   
Interest Rs m5,506768 716.8%   
Profit before tax Rs m14,27214,348 99.5%   
Minority Interest Rs m00-   
Prior Period Items Rs m00-   
Extraordinary Inc (Exp) Rs m00-   
Tax Rs m3,2263,774 85.5%   
Profit after tax Rs m11,04610,574 104.5%  
Gross profit margin %13.717.8 76.8%  
Effective tax rate %22.626.3 85.9%   
Net profit margin %4.510.8 41.5%  
BALANCE SHEET DATA
Current assets Rs m88,58739,280 225.5%   
Current liabilities Rs m80,10433,493 239.2%   
Net working cap to sales %3.55.9 58.2%  
Current ratio x1.11.2 94.3%  
Inventory Days Days1490 15.2%  
Debtors Days Days37417 8.9%  
Net fixed assets Rs m184,28684,197 218.9%   
Share capital Rs m635387 164.3%   
"Free" reserves Rs m128,14375,183 170.4%   
Net worth Rs m128,77875,569 170.4%   
Long term debt Rs m37,89810,381 365.1%   
Total assets Rs m272,873123,477 221.0%  
Interest coverage x3.619.7 18.3%   
Debt to equity ratio x0.30.1 214.2%  
Sales to assets ratio x0.90.8 113.9%   
Return on assets %6.19.2 66.0%  
Return on equity %8.614.0 61.3%  
Return on capital %11.917.6 67.5%  
Exports to sales %10.169.8 14.5%   
Imports to sales %1.749.0 3.5%   
Exports (fob) Rs m24,81868,165 36.4%   
Imports (cif) Rs m4,24847,843 8.9%   
Fx inflow Rs m25,94168,165 38.1%   
Fx outflow Rs m4,24847,843 8.9%   
Net fx Rs m21,69320,322 106.7%   
CASH FLOW
From Operations Rs m21,34414,480 147.4%  
From Investments Rs m-4,761-17,831 26.7%  
From Financial Activity Rs m-16,9183,585 -471.9%  
Net Cashflow Rs m-352234 -150.4%  

Share Holding

Indian Promoters % 36.9 58.3 63.3%  
Foreign collaborators % 0.4 0.0 -  
Indian inst/Mut Fund % 41.5 34.1 121.8%  
FIIs % 17.9 12.7 140.9%  
ADR/GDR % 0.0 0.0 -  
Free float % 62.7 41.7 150.2%  
Shareholders   336,846 125,341 268.7%  
Pledged promoter(s) holding % 1.1 0.0 -  
NM: Not Meaningful
Source: Company Annual Reports, Regulatory Filings, Equitymaster

Compare APOLLO TYRES With:   CEAT    JK TYRE & IND    TVS SRICHAKRA    MRF    


More on Apollo Tyres vs Balkrishna Ind

No comparison is complete without understanding how the stock prices have performed over a period of time.

Here's a brief comparison:

Apollo Tyres vs Balkrishna Ind Share Price Performance

Period Apollo Tyres Balkrishna Ind
1-Day -0.50% 1.16%
1-Month -14.25% -1.60%
1-Year 46.37% 15.72%
3-Year CAGR 26.51% 12.22%
5-Year CAGR 15.61% 19.99%

* Compound Annual Growth Rate

Here are more details on the Apollo Tyres share price and the Balkrishna Ind share price.

Moving on to shareholding structures...

The promoters of Apollo Tyres hold a 37.3% stake in the company. In case of Balkrishna Ind the stake stands at 58.3%.

To review how promoter stakes have changed over time, and how much of the promoter stake is pledged, please see the shareholding pattern of Apollo Tyres and the shareholding pattern of Balkrishna Ind.

Finally, a word on dividends...

In the most recent financial year, Apollo Tyres paid a dividend of Rs 4.5 per share. This amounted to a Dividend Payout ratio of 25.9%.

Balkrishna Ind paid Rs 20.0, and its dividend payout ratio stood at 36.6%.

You may visit here to review the dividend history of Apollo Tyres, and the dividend history of Balkrishna Ind.



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