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- CEAT - BALKRISHNA INDUSTRIES
CEAT vs BALKRISHNA INDUSTRIES - Comparison Results
Current Valuations
| CEAT | BALKRISHNA INDUSTRIES | CEAT/ BALKRISHNA INDUSTRIES |
|||
|---|---|---|---|---|---|
| P/E (TTM) | x | 21.5 | 32.8 | 65.6% | View Chart |
| P/BV | x | 2.8 | 6.0 | 46.8% | View Chart |
| Dividend Yield | % | 1.1 | 0.7 | 146.9% |
Financials
 CEAT  BALKRISHNA INDUSTRIES |
| EQUITY SHARE DATA | |||||
|---|---|---|---|---|---|
| CEAT Mar-24 |
BALKRISHNA INDUSTRIES Mar-24 |
CEAT/ BALKRISHNA INDUSTRIES |
5-Yr Chart Click to enlarge
|
||
| High | Rs | 2,997 | 2,794 | 107.3% | |
| Low | Rs | 1,381 | 1,933 | 71.5% | |
| Sales per share (Unadj.) | Rs | 2,952.7 | 484.6 | 609.3% | |
| Earnings per share (Unadj.) | Rs | 157.1 | 76.1 | 206.3% | |
| Cash flow per share (Unadj.) | Rs | 282.8 | 109.8 | 257.7% | |
| Dividends per share (Unadj.) | Rs | 30.00 | 20.00 | 150.0% | |
| Avg Dividend yield | % | 1.4 | 0.8 | 161.9% | |
| Book value per share (Unadj.) | Rs | 999.4 | 458.0 | 218.2% | |
| Shares outstanding (eoy) | m | 40.45 | 193.32 | 20.9% | |
| Bonus / Rights / Conversions | 0 | 0 | - | ||
| Price / Sales ratio | x | 0.7 | 4.9 | 15.2% | |
| Avg P/E ratio | x | 13.9 | 31.0 | 44.9% | |
| P/CF ratio (eoy) | x | 7.7 | 21.5 | 36.0% | |
| Price / Book Value ratio | x | 2.2 | 5.2 | 42.5% | |
| Dividend payout | % | 19.1 | 26.3 | 72.7% | |
| Avg Mkt Cap | Rs m | 88,558 | 456,876 | 19.4% | |
| No. of employees | `000 | NA | NA | - | |
| Total wages/salary | Rs m | 8,457 | 4,995 | 169.3% | |
| Avg. sales/employee | Rs Th | 0 | 0 | - | |
| Avg. wages/employee | Rs Th | 0 | 0 | - | |
| Avg. net profit/employee | Rs Th | 0 | 0 | - | |
| INCOME DATA | |||||
|---|---|---|---|---|---|
| Net Sales | Rs m | 119,435 | 93,689 | 127.5% | |
| Other income | Rs m | 203 | 4,494 | 4.5% | |
| Total revenues | Rs m | 119,638 | 98,183 | 121.9% | |
| Gross profit | Rs m | 16,143 | 22,558 | 71.6% | |
| Depreciation | Rs m | 5,088 | 6,507 | 78.2% | |
| Interest | Rs m | 2,691 | 1,135 | 237.2% | |
| Profit before tax | Rs m | 8,567 | 19,410 | 44.1% | |
| Minority Interest | Rs m | 0 | 0 | - | |
| Prior Period Items | Rs m | 0 | 0 | - | |
| Extraordinary Inc (Exp) | Rs m | 0 | 0 | - | |
| Tax | Rs m | 2,214 | 4,695 | 47.2% | |
| Profit after tax | Rs m | 6,353 | 14,715 | 43.2% | |
| Gross profit margin | % | 13.5 | 24.1 | 56.1% | |
| Effective tax rate | % | 25.8 | 24.2 | 106.8% | |
| Net profit margin | % | 5.3 | 15.7 | 33.9% | |
| BALANCE SHEET DATA | |||||
|---|---|---|---|---|---|
| Current assets | Rs m | 26,906 | 46,441 | 57.9% | |
| Current liabilities | Rs m | 43,333 | 36,604 | 118.4% | |
| Net working cap to sales | % | -13.8 | 10.5 | -131.0% | |
| Current ratio | x | 0.6 | 1.3 | 48.9% | |
| Inventory Days | Days | 9 | 122 | 7.6% | |
| Debtors Days | Days | 392 | 563 | 69.6% | |
| Net fixed assets | Rs m | 72,558 | 90,405 | 80.3% | |
| Share capital | Rs m | 405 | 387 | 104.6% | |
| "Free" reserves | Rs m | 40,022 | 88,152 | 45.4% | |
| Net worth | Rs m | 40,426 | 88,538 | 45.7% | |
| Long term debt | Rs m | 9,566 | 6,914 | 138.3% | |
| Total assets | Rs m | 99,947 | 136,845 | 73.0% | |
| Interest coverage | x | 4.2 | 18.1 | 23.1% | |
| Debt to equity ratio | x | 0.2 | 0.1 | 303.0% | |
| Sales to assets ratio | x | 1.2 | 0.7 | 174.5% | |
| Return on assets | % | 9.0 | 11.6 | 78.1% | |
| Return on equity | % | 15.7 | 16.6 | 94.6% | |
| Return on capital | % | 22.5 | 21.5 | 104.6% | |
| Exports to sales | % | 0 | 68.3 | 0.0% | |
| Imports to sales | % | 17.6 | 31.0 | 56.7% | |
| Exports (fob) | Rs m | NA | 63,956 | 0.0% | |
| Imports (cif) | Rs m | 21,020 | 29,055 | 72.3% | |
| Fx inflow | Rs m | 23,516 | 63,956 | 36.8% | |
| Fx outflow | Rs m | 21,020 | 29,055 | 72.3% | |
| Net fx | Rs m | 2,496 | 34,901 | 7.2% | |
| CASH FLOW | |||||
|---|---|---|---|---|---|
| From Operations | Rs m | 17,193 | 20,826 | 82.6% | |
| From Investments | Rs m | -8,537 | -14,755 | 57.9% | |
| From Financial Activity | Rs m | -8,710 | -6,019 | 144.7% | |
| Net Cashflow | Rs m | -55 | 53 | -102.6% | |
Share Holding
| Indian Promoters | % | 47.2 | 58.3 | 81.0% | |
| Foreign collaborators | % | 0.0 | 0.0 | - | |
| Indian inst/Mut Fund | % | 36.4 | 35.2 | 103.4% | |
| FIIs | % | 16.6 | 11.7 | 142.0% | |
| ADR/GDR | % | 0.0 | 0.0 | - | |
| Free float | % | 52.8 | 41.7 | 126.6% | |
| Shareholders | 143,063 | 124,388 | 115.0% | ||
| Pledged promoter(s) holding | % | 0.0 | 0.0 | - |
Compare CEAT With: APOLLO TYRES TVS SRICHAKRA GOODYEAR (I) JK TYRE & IND MRF
More on Ceat 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:
Ceat vs Balkrishna Ind Share Price Performance
| Period | Ceat | Balkrishna Ind |
|---|---|---|
| 1-Day | 2.48% | 0.72% |
| 1-Month | -4.13% | -6.77% |
| 1-Year | 34.79% | 10.83% |
| 3-Year CAGR | 33.64% | 7.21% |
| 5-Year CAGR | 24.25% | 27.10% |
* Compound Annual Growth Rate
Here are more details on the Ceat share price and the Balkrishna Ind share price.
Moving on to shareholding structures...
The promoters of Ceat hold a 47.2% 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 Ceat and the shareholding pattern of Balkrishna Ind.
Finally, a word on dividends...
In the most recent financial year, Ceat paid a dividend of Rs 30.0 per share. This amounted to a Dividend Payout ratio of 19.1%.
Balkrishna Ind paid Rs 20.0, and its dividend payout ratio stood at 26.3%.
You may visit here to review the dividend history of Ceat, and the dividend history of Balkrishna Ind.
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