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CEAT. vs BALKRISHNA INDUSTRIES - Comparison Results

CEAT.     Change

Incorporated in 1958, Ceat Limited is part of the RPG group. It is amongst the largest manufacturers of tyres and tubes in India. The company manufactures tyres for twowheelers, three-wheelers, four-wheelers, tractors, tippers and trucks. It operates... More

BALKRISHNA INDUSTRIES 
   Change

Balkrishna Industries (BIL) is the flagship company of the Siyaram Poddar Group. It is one of the leading tyre anufacturers in India, focused on the OHT (off-highway tyre) segment for agricultural, industrial and construction and earthmoving applicat... More

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Current Valuations

    CEAT. BALKRISHNA INDUSTRIES CEAT./
BALKRISHNA INDUSTRIES
 
P/E (TTM) x 20.9 35.6 58.6% View Chart
P/BV x 1.6 7.8 21.0% View Chart
Dividend Yield % 1.0 0.5 209.9%  

Financials

 CEAT.   BALKRISHNA INDUSTRIES
EQUITY SHARE DATA
    CEAT.
Mar-20
BALKRISHNA INDUSTRIES
Mar-18
CEAT./
BALKRISHNA INDUSTRIES
5-Yr Chart
Click to enlarge
High Rs1,1522,571 44.8%   
Low Rs6021,003 60.0%   
Sales per share (Unadj.) Rs1,675.9230.8 726.2%  
Earnings per share (Unadj.) Rs56.938.1 149.4%  
Cash flow per share (Unadj.) Rs125.254.2 231.2%  
Dividends per share (Unadj.) Rs12.008.00 150.0%  
Dividend yield (eoy) %1.40.4 305.7%  
Book value per share (Unadj.) Rs718.9211.2 340.3%  
Shares outstanding (eoy) m40.45193.32 20.9%   
Bonus/Rights/Conversions ---  
Price / Sales ratio x0.57.7 6.8%   
Avg P/E ratio x15.446.9 32.8%  
P/CF ratio (eoy) x7.033.0 21.2%  
Price / Book Value ratio x1.28.5 14.4%  
Dividend payout %21.121.0 100.4%   
Avg Mkt Cap Rs m35,465345,453 10.3%   
No. of employees `0006.52.7 238.7%   
Total wages/salary Rs m5,4182,799 193.5%   
Avg. sales/employee Rs Th10,470.916,449.0 63.7%   
Avg. wages/employee Rs Th836.81,032.2 81.1%   
Avg. net profit/employee Rs Th355.42,713.1 13.1%   
INCOME DATA
Net Sales Rs m67,78844,610 152.0%  
Other income Rs m2053,398 6.0%   
Total revenues Rs m67,99348,007 141.6%   
Gross profit Rs m7,23811,034 65.6%  
Depreciation Rs m2,7653,114 88.8%   
Interest Rs m1,509139 1,088.2%   
Profit before tax Rs m3,16911,178 28.4%   
Minority Interest Rs m1720-   
Prior Period Items Rs m00-   
Extraordinary Inc (Exp) Rs m-2980-   
Tax Rs m7423,821 19.4%   
Profit after tax Rs m2,3017,358 31.3%  
Gross profit margin %10.724.7 43.2%  
Effective tax rate %23.434.2 68.5%   
Net profit margin %3.416.5 20.6%  
BALANCE SHEET DATA
Current assets Rs m18,29320,166 90.7%   
Current liabilities Rs m23,01414,417 159.6%   
Net working cap to sales %-7.012.9 -54.0%  
Current ratio x0.81.4 56.8%  
Inventory Days Days5051 98.4%  
Debtors Days Days3639 92.5%  
Net fixed assets Rs m54,07729,678 182.2%   
Share capital Rs m405387 104.6%   
"Free" reserves Rs m28,67540,447 70.9%   
Net worth Rs m29,07940,834 71.2%   
Long term debt Rs m16,40825 65,631.2%   
Total assets Rs m73,52958,782 125.1%  
Interest coverage x3.181.6 3.8%   
Debt to equity ratio x0.60 92,161.3%  
Sales to assets ratio x0.90.8 121.5%   
Return on assets %5.212.8 40.6%  
Return on equity %7.918.0 43.9%  
Return on capital %10.027.7 36.1%  
Exports to sales %00-   
Imports to sales %00-   
Exports (fob) Rs mNANA-   
Imports (cif) Rs mNANA-   
Fx inflow Rs m8,72435,916 24.3%   
Fx outflow Rs m17,97519,522 92.1%   
Net fx Rs m-9,25116,394 -56.4%   
CASH FLOW
From Operations Rs m9,5637,499 127.5%  
From Investments Rs m-10,755-923 1,165.3%  
From Financial Activity Rs m790-6,538 -12.1%  
Net Cashflow Rs m-40240 -1,016.5%  

Share Holding

Indian Promoters % 52.2 58.3 89.5%  
Foreign collaborators % 5.0 0.0 -  
Indian inst/Mut Fund % 6.3 15.9 39.7%  
FIIs % 11.8 14.2 83.1%  
ADR/GDR % 0.0 0.0 -  
Free float % 24.9 11.6 214.7%  
Shareholders   54,444 17,335 314.1%  
Pledged promoter(s) holding % 0.0 0.0 -  
NM: Not Meaningful
Source: Company Annual Reports, Regulatory Filings, Equitymaster

Compare CEAT. With:   APOLLO TYRES  JK TYRE & IND  GOODYEAR (I)  MRF.  



Today's Market

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Share markets in India are presently trading on a strong note. The BSE Sensex is trading up by 389 points, up 0.9% at 44,539 levels.

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CEAT. 2019-20 Annual Report Analysis (Annual Result Update)

Oct 26, 2020 | Updated on Oct 26, 2020

Here's an analysis of the annual report of CEAT. for 2019-20. It includes a full income statement, balance sheet and cash flow analysis of CEAT.. Also includes updates on the valuation of CEAT..

BALKRISHNA INDUSTRIES Announces Quarterly Results (1QFY21); Net Profit Down 30.8% (Quarterly Result Update)

Sep 10, 2020 | Updated on Sep 10, 2020

For the quarter ended June 2020, BALKRISHNA INDUSTRIES has posted a net profit of Rs 1 bn (down 30.8% YoY). Sales on the other hand came in at Rs 9 bn (down 22.2% YoY). Read on for a complete analysis of BALKRISHNA INDUSTRIES's quarterly results.

CEAT LTD. Announces Quarterly Results (1QFY21); Net Profit Down 150.3% (Quarterly Result Update)

Aug 25, 2020 | Updated on Aug 25, 2020

For the quarter ended June 2020, CEAT LTD. has posted a net profit of Rs 387 m (down 150.3% YoY). Sales on the other hand came in at Rs 11 bn (down 36.1% YoY). Read on for a complete analysis of CEAT LTD.'s quarterly results.

CEAT LTD. Announces Quarterly Results (4QFY20); Net Profit Down 19.4% (Quarterly Result Update)

May 29, 2020 | Updated on May 29, 2020

For the quarter ended March 2020, CEAT LTD. has posted a net profit of Rs 492 m (down 19.4% YoY). Sales on the other hand came in at Rs 16 bn (down 10.6% YoY). Read on for a complete analysis of CEAT LTD.'s quarterly results.

BALKRISHNA INDUSTRIES Announces Quarterly Results (3QFY20); Net Profit Up 52.5% (Quarterly Result Update)

Feb 19, 2020 | Updated on Feb 19, 2020

For the quarter ended December 2019, BALKRISHNA INDUSTRIES has posted a net profit of Rs 2 bn (up 52.5% YoY). Sales on the other hand came in at Rs 12 bn (down 3.7% YoY). Read on for a complete analysis of BALKRISHNA INDUSTRIES's quarterly results.

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