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Commentary (9 May 2024 @ 06:00):

Balkrishna Industries Limited manufactures and sells tires worldwide. It offers rubber tires, tubes, and carbon black products. The company provides off-highway tires for use in various applications, such as agricultural, industrial and construction, earthmoving and port, mining, forestry, lawn and garden, and all-terrain vehicles...

Stats
Today's Volume	389 822
Average Volume	344 111
Market Cap	471.90B
EPS	INR0 ( 2024-01-23 )
Next earnings date	( INR0 ) 2024-05-25
Last Dividend	INR4.00 ( 2023-08-11 )
Next Dividend	INR0 ( N/A )
P/E	37.98
ATR14	INR4.26 (0.17%)

Volume Correlation

Long: 0.03 (neutral)

Short: 0.81 (strong)

Signal:(64.286) Same movement expected

Balkrishna Industries Correlation

10 Most Positive Correlations
HINDALCO.NS	0.831
SUBEXLTD.NS	0.83
TINPLATE.NS	0.822
TATASTLLP.NS	0.814
TATAMETALI.NS	0.813
TRF.NS	0.81
INDIGO.NS	0.808
DBCORP.NS	0.806
TATASTEEL.NS	0.804

10 Most Negative Correlations
PGHL.NS	-0.835

Did You Know?

Correlation is a statistical measure that describes the relationship between two variables. It ranges from -1 to 1, where -1 indicates a perfect negative correlation (as one variable increases, the other decreases), 1 indicates a perfect positive correlation (as one variable increases, the other increases), and 0 indicates no correlation (there is no relationship between the variables).

Correlation can be used to analyze the relationship between any two variables, not just stocks. It's commonly used in fields such as finance, economics, psychology, and more.

Balkrishna Industries Correlation - Currency/Commodity

-0.33
( neutral )

-0.14
( neutral )

-0.19
( neutral )

-0.06
( neutral )

0.34
( neutral )

0.05
( neutral )

Balkrishna Industries Financials

Annual	2022
Revenue:	INR96.55B
Gross Profit:	INR41.50B (42.98 %)
EPS:	INR54.70

FY	2022
Revenue:	INR96.55B
Gross Profit:	INR41.50B (42.98 %)
EPS:	INR54.70

FY	2022
Revenue:	INR82.13B
Gross Profit:	INR39.39B (47.96 %)
EPS:	INR74.25

FY	2021
Revenue:	INR56.76B
Gross Profit:	INR31.88B (56.17 %)
EPS:	INR60.91

Financial Reports:

No articles found.

Balkrishna Industries Dividends

(Q3/22)	(Q4/22)	(Q1/23)	(Q2/23)	(Q3/23)	(Q4/23)	(Q1/24)	(Q2/24)	(Q3/24)	(Q4/24)
INR4.00 (N/A)	INR4.00 (N/A)	INR4.00 (N/A)	INR0 (N/A)	INR8.00 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)

Balkrishna Industries Dividend Information - Dividend Knight

Dividend Sustainability Score: 4.26 - low (41.54%) | Divividend Growth Potential Score: 6.39 - Stable (27.86%)

Very Unsafe

High risk of being cut

Unsafe

Heightened risk of being cut

Borderline

Moderate risk of being cut

Safe

Unlikely to be cut

Very Safe

Very unlikely to be cut

Information

First Dividend	INR0.350	2006-02-06
Last Dividend	INR4.00	2023-08-11
Next Dividend	INR0	N/A
Payout Date	0000-00-00
Next Payout Date	N/A
# dividends	43	--
Total Paid Out	INR109.70	--
Avg. Dividend % Per Year	0.66%	--
Score	3.79	--
Div. Sustainability Score	4.26
Div.Growth Potential Score	6.39
Div. Directional Score	5.33	--

Next Divdend (Est)
(2024-08-02)

INR4.00 Estimate 7.68 %

Dividend Stability

0.31 Poor

Dividend Score

3.79

Pay Frequency

Quarterly

Yearly Payout

Year	Amount	Yield
2006	INR0	0.00%
2007	INR0	0.00%
2008	INR0	0.00%
2009	INR0	0.00%
2010	INR0	0.00%
2011	INR0	0.00%
2012	INR0	0.00%
2013	INR0	0.00%
2014	INR0	0.00%
2015	INR0	0.00%
2016	INR0	0.00%
2017	INR0	0.00%
2018	INR8.50	0.68%
2019	INR8.00	0.86%
2020	INR23.00	2.33%
2021	INR18.00	1.10%
2022	INR24.00	1.03%
2023	INR12.00	0.56%
2024	INR0	0.00%

Dividend Commentary

The company's low Dividend Sustainability Score (DSS) highlights potential challenges in upholding its current dividend levels. However, its Dividend Growth Potential Score (DGPS) is only moderate, indicating limited growth potential. On the whole, the dividend outlook remains neutral, meriting close observation of both the company's financial health and growth prospects.

Top 10 dividend Companies for NSE

Symbol	Title	Last dividend	Frequency	Years Dividend	Yearly Dividend
SHYAMMETL.NS	Dividend Junior	2023-06-05	Semi-Annually	4	0.70%
MATRIMONY.NS	Dividend Junior	2023-08-03	Annually	7	0.41%
GRWRHITECH.NS	Dividend Junior	2023-09-20	Semi-Annually	3	0.88%
BANDHANBNK.NS	Dividend Junior	2023-08-11	Sporadic	7	0.20%
PPL.NS	Dividend Junior	2023-09-18	Annually	6	0.62%
JWL.NS	Dividend Junior	2023-09-12	Insufficient data to determine frequency	2	0.17%
DSSL.NS	Dividend Junior	2023-08-23	Annually	6	0.34%
ACE.NS	Dividend Junior	2023-08-17	Annually	18	0.23%
STARPAPER.NS	Dividend Junior	2023-09-15	Sporadic	22	1.19%
MSUMI.NS	Dividend Junior	2023-08-09	Annually	3	0.60%

Dividend Sustainability Score (DSS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
netProfitMarginTTM	0.140	1.500	7.20	10.00	[0 - 0.5]
returnOnAssetsTTM	0	1.200	0	0	[0 - 0.3]
returnOnEquityTTM	0.158	1.500	9.36	10.00	[0.1 - 1]
payoutRatioTTM	0	-1.000	0	0	[0 - 1]
currentRatioTTM	0	0.800	-5.00	-4.00	[1 - 3]
quickRatioTTM	0	0.800	-4.71	-3.76	[0.8 - 2.5]
cashRatioTTM	0	1.500	-1.111	-1.667	[0.2 - 2]
debtRatioTTM	0	-1.500	0	0	[0 - 0.6]
interestCoverageTTM	15.54	1.000	5.36	5.36	[3 - 30]
operatingCashFlowPerShareTTM	65.41	2.00	10.00	10.00	[0 - 30]
freeCashFlowPerShareTTM	65.41	2.00	10.00	10.00	[0 - 20]
debtEquityRatioTTM	0	-1.500	0	0	[0 - 2.5]
grossProfitMarginTTM	0.438	1.000	6.03	6.03	[0.2 - 0.8]
operatingProfitMarginTTM	0.179	1.000	8.41	8.41	[0.1 - 0.6]
cashFlowToDebtRatioTTM	0	1.000	-1.111	-1.111	[0.2 - 2]
assetTurnoverTTM	0	0.800	-3.33	-2.67	[0.5 - 2]
Total Score				4.26

Dividend Growth Score (DGS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
peRatioTTM	38.61	1.000	6.20	0	[1 - 100]
returnOnEquityTTM	0.158	2.50	9.59	10.00	[0.1 - 1.5]
freeCashFlowPerShareTTM	65.41	2.00	10.00	10.00	[0 - 30]
dividendYielPercentageTTM	0.644	1.500	10.00	0	[0 - 0.4]
operatingCashFlowPerShareTTM	65.41	2.00	10.00	10.00	[0 - 30]
payoutRatioTTM	0	1.500	0	0	[0 - 1]
pegRatioTTM	1.122	1.500	5.85	0	[0.5 - 2]
operatingCashFlowSalesRatioTTM	0.142	1.000	8.95	0	[0.1 - 0.5]
Total Score				6.39

Balkrishna Industries