BKT

  • Revenue₹57.8 BFY, 2021
  • Market Capitalization₹403.4 B2022-06-22

OverviewSuggest Edit

BKT (Balkrishna Industries) is a tire manufacturing company. It offers off-highway tires for agricultural, construction and industrial vehicles as well as earthmoving, port and mining, ATV, and gardening applications.
TypePublic
Founded1988
HQMumbai, INMap
Websitebkt-tires.com
Employee Ratings3.6
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Latest Updates

Employees (est.) (Mar 2019)2,844
Revenue (FY, 2021)₹57.8 B(+21%)
Share Price (Jun 2022)₹2.1 K
Cybersecurity ratingCMore
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Key People/Management at BKT

Viresh Mathur

Viresh Mathur

Senior Vice President
Narendra Kumar

Narendra Kumar

President, Operations
Douglas Kershaw

Douglas Kershaw

Vice President, USA
Keshav Das

Keshav Das

Vice President, BKT Global Mining Solutions
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BKT Office Locations

BKT has offices in Mumbai, Bhiwadi, Bhuj, Dombivli and in 5 other locations
Mumbai, IN (HQ)
BKT House,C/15, Trade World, Kamala Mills Compund,, Senapati Bapat Marg, Lower Parel, Lower Parel
Bhiwadi, IN
Bhiwadi - Chopanki Rd
Bhiwadi, IN
RIICO Industrial Area
Bhuj, IN
42, Bhuj - Bhachau Hwy, Navavas, Madhapar
Dombivli, IN
MIDC, Dombivli East
Pandharpur, IN
Waluj - Midc, Waluj
Show all (10)

BKT Financials and Metrics

BKT Revenue

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BKT's revenue was reported to be ₹57.83 b in FY, 2021 which is a 20.2% increase from the previous period.
INR

Revenue (FY, 2021)

57.8b

Revenue growth (FY, 2020 - FY, 2021), %

20.2%

Gross profit (FY, 2021)

34.7b

Gross profit margin (FY, 2021), %

60%

Net income (FY, 2021)

11.8b

Market capitalization (22-Jun-2022)

403.4b

Closing stock price (22-Jun-2022)

2.1k

Cash (31-Mar-2021)

549.2m

EV

412.9b
BKT's current market capitalization is ₹403.4 b.
Annual
INRFY, 2019FY, 2020FY, 2021

Revenue

52.1b48.1b57.8b

Revenue growth, %

(8%)20%

Cost of goods sold

24.4b21.4b23.1b

Gross profit

27.7b26.7b34.7b
Quarterly
INRQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

13.6b13.3b12.1b12.0b10.8b11.6b9.4b15.8b15.1b

Cost of goods sold

6.4b6.1b5.5b5.8b4.8b4.7b3.7b6.1b6.0b

Gross profit

7.2b7.1b6.5b6.2b6.1b6.9b5.7b9.7b9.0b

Gross profit Margin, %

53%54%54%52%56%59%60%61%60%
show all
INRFY, 2019FY, 2020FY, 2021

Cash

461.7m468.2m549.2m

Accounts Receivable

5.2b5.9b7.5b

Inventories

7.6b6.2b9.4b

Current Assets

20.4b19.2b24.8b
show all
INRFY, 2019FY, 2020FY, 2021

Cash From Operating Activities

81.3m116.4m136.3m

Cash From Investing Activities

(62.1m)(65.6m)(115.9m)

Cash From Financing Activities

(17.3m)(52.1m)(19.4m)

Net Change in Cash

1.9m(1.3m)1.0m
show all
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BKT Operating Metrics

FY, 2019FY, 2020FY, 2021

Sales Volume, tonnes

211.26 b201.76 b227.13 b

Automotive OEMs Served

212121

Manufacturing Sites

555

SKUs Offered

2.7 k2.7 k2.7 k

BKT Acquisitions / Subsidiaries

Company NameDateDeal Size
BKT EUROPE S.R.L
Bkt Exim Ltd
BKT EXIM US, INC.
BKT TIRES (CANADA) INC
Bkt Tyres Limited
BKT USA INC
Thristha Synthetics Limited.

BKT Revenue Breakdown

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BKT revenue breakdown by business segment: 64.0% from Agriculture, 32.0% from OTR and 4.0% from Other

BKT revenue breakdown by geographic segment: 22.8% from India, 12.9% from Rest of World, 49.5% from Europe and 14.9% from Americas

BKT Cybersecurity Score

Cybersecurity ratingPremium dataset

C

73/100

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BKT Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

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BKT Online and Social Media Presence

BKT's Trends

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BKT News and Updates

February 08, 2021

Balkrishna Industries Q3 Net Profit Up 45.25% to Rs.325.07cr on Auto Recovery

Balkrishna Industries reported 30.58% growth in total sales revenues for the Dec-20 quarter on consolidated basis at Rs1,509.23cr
January 22, 2021

Buy Balkrishna Industries, Target Price Rs 2047: ICICI Securities

ICICI Securities NSE -0.11 % has buy call on Balkrishna Industries NSE -1.28 % with a target price of Rs 2047. The current market price of Balkrishna Industries Ltd. is Rs 1710.35
January 12, 2021

BKT Launches Sierra Max Pro ATV Tire

The new Sierra Max Pro ATV tire from Balkrishna Industries Ltd. (BKT) is available in size 27x11R14. Another size, 25x8R12, is in development
January 07, 2021

Caterpillar Awards BKT’s Bhuj Plant SQEP Gold Certification

BKT installed special machinery at its Bhuj, Gujarat plant to produce the Earthmax SR 468, a 57-inc tyre, which is the largest tyre size ever made by BKT and is designed to go on rigid dump trucks
December 30, 2020

Buy Balkrishna Industries, target price Rs 1969: ICICI Securities

ICICI Securities NSE -0.03 % has buy call on Balkrishna Industries NSE 3.56 % with a target price of Rs 1969. The current market price of Balkrishna Industries Ltd. is Rs 1597.
November 25, 2020

Agri tyre exports to sustain sales growth for Balkrishna Industries

Strong growth in agricultural tyre exports in October and expected recovery in off-the-road (OTR) tyres could help Balkrishna Industries sustain its sales growth trajectory. Export performance and robust September quarter numbers have helped the stock gain over 23 per cent over the past month.
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 BKT Frequently Asked Questions

  • When was BKT founded?

    BKT was founded in 1988.

  • Who are BKT key executives?

    BKT's key executives are Viresh Mathur, Narendra Kumar and Douglas Kershaw.

  • How many employees does BKT have?

    BKT has 2,844 employees.

  • What is BKT revenue?

    Latest BKT annual revenue is ₹57.8 b.

  • What is BKT revenue per employee?

    Latest BKT revenue per employee is ₹20.3 m.

  • Who are BKT competitors?

    Competitors of BKT include Kumho Tire, Nokian Renkaat and Hustler Equipment.

  • Where is BKT headquarters?

    BKT headquarters is located at BKT House,C/15, Trade World, Kamala Mills Compund,, Senapati Bapat Marg, Lower Parel, Lower Parel, Mumbai.

  • Where are BKT offices?

    BKT has offices in Mumbai, Bhiwadi, Bhuj, Dombivli and in 5 other locations.

  • How many offices does BKT have?

    BKT has 10 offices.