Balkrishna Industries Ltd.

Financial

	Balkrishna Inds.	JK Tyres & Inds.	CEAT
Operational Metrics
Auto Ancillary Sector
Manufacturing Capacity - Tyres	285000.0 MTPA	622000.0 MTPA	n/a
Carbon Black
Manufacturing Capacity - Carbon black	115000.0 MTPA	n/a	n/a
Tyres
Quarterly Sales Volume - Tyres Sold	0.73 Lakh MT	n/a	n/a
Unclassified
R&D as a % of Total Sales	0.64 %	0.8 %	1.44 %
Financials
5 yr Average ROE	18.02 %	8.25 %	7.54 %
5yr average Equity Multiplier	1.46	4.35	2.58
5yr Average Asset Turnover Ratio	0.75	0.94	1.03
5yr Avg Net Profit Margin	16.66 %	2.1 %	3.02 %
Price to Book	5.79	2.84	2.5
P/E	38.27	14.71	15.71
5yr Avg Cash Conversion Cycle	54.65 Days	37.42 Days	-30.2 Days
Inventory Days	53.85 Days	62.88 Days	47.02 Days
Days Receivable	41.32 Days	53.12 Days	39.7 Days
Days Payable	65.57 Days	91.05 Days	109.78 Days
5yr Average Interest Coverage Ratio	81.58	1.66	3.05
5yr Avg ROCE	22.7 %	12.3 %	9.71 %
5yr Avg Operating Profit Margin	29.27 %	11.28 %	10.09 %
5 yr average Debt to Equity	0.27	1.97	0.58
5yr CAGR Net Profit	6.45 %	8.28 %	-5.89 %
5yr Average Return on Assets	12.42 %	1.94 %	3.02 %
Shareholdings
Promoter Holding	58.29 %	53.13 %	47.21 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	-0.01 %	-3.1 %	0.39 %
Change in Mutual Fund Holding (3 Yrs)	0.04 %	3.75 %	2.5 %

Business

	Balkrishna Inds.	JK Tyres & Inds.	CEAT
Segment Break-Up	Segment Break-Up Tyres 100.0	-	-
Location Wise Break-Up	Location Wise Break-Up Europe 45.5 India 22.23 North America 20.01 Mexico 0 Rest of the World 0 Others 12.26	Location Wise Break-Up Rest of the World 0 Europe 0 North America 0 India 83.76 Mexico 16.24	Location Wise Break-Up Rest of the World 18.0 Europe 0 North America 0 India 82.0 Mexico 0
OEM vs Aftermarket	OEM vs Aftermarket After market 71.5 OEM 26.5 Export 0 OEMs 0 Others 2.0	OEM vs Aftermarket OEM 23.0 OEMs 0 After market 0 Export 16.0 Others 61.0	OEM vs Aftermarket OEM 0 OEM 28.0 After market 0 Export 0 Others 72.0
Customer Segment	Customer Segment Agricultural 58.2 OTR 38.5 ATV and lawn and garden 0 Passenger Line Radial 0 2/3 Wheeler 0 Truck and Bus 0 Off Highway 0 Speciality 0 Farm 0 Passenger Car/Utility Vehicles 0 LCV & LM 0 Truck and Buses 0 Others 3.3	Customer Segment Speciality 0 2 & 3 Wheelers 4.0 Passenger Line Radial 29.0 Off Highway 0 Farm 0 Agricultural 0 Passenger Car/Utility Vehicles 0 LCV & LM 0 ATV and lawn and garden 0 OTR 0 Truck and Buses 0 Truck and Bus 54.0 Others 13.0	Customer Segment Speciality 0 2 & 3 Wheelers 28.0 Passenger Line Radial 0 Off Highway 14.0 Farm 0 Agricultural 0 4 Wheeler 20.0 Light Commercial Vehicles 7.0 ATV and lawn and garden 0 OTR 0 Truck and Bus 31.0 Truck and Bus 0
Asset Break-Up	Asset Break-Up India 99.57 Outside India 0.43 India 0	Asset Break-Up India 87.03 Outside India 0 Others 12.97	Asset Break-Up India 97.47 Outside India 0 Others 2.53

Balkrishna Industries Ltd.

Balkrishna Industries Ltd.

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