🚜 Balkrishna Industries Ltd – Q4 & FY25 Results Update: Strong Long-Term Strategy Despite Soft Q4

📊 Key Financial Highlights

📉 Q4 PAT dropped due to higher depreciation, interest, and unrealized forex losses.

📦 Segmental, Channel & Regional Volume Share (FY25)

📈 Key Ratios & Metrics (Consolidated)

📘 Consolidated Balance Sheet Summary (₹ Cr)

💰 Consolidated Cash Flow Statement (₹ Cr)

🔭 Near-Term & Long-Term Outlook

🛠️ Expansion Projects

• ₹3,500 Cr capex over 3 years for:
  
  

• Carbon black expansion to 360,000 MTPA
  
  

• New categories: Commercial Vehicle & Passenger Radial Tires
  
  

• Track systems & De-bottlenecking
  
  

• Targeting 2.2x revenue by FY30 (~₹23,000 Cr)
  
  

• FY30 vision:
  
  

• 70% OHT
  
  

• 20% New Tires for Indian Market
  
  

• 10% Carbon Black sales
  
  

📌 Outlook

• Near-term profitability may stay muted due to capex, higher depreciation, and forex volatility.
  
  

• Strong long-term visibility with product diversification and global OEM expansion.
  
  

• Resilient business model with surplus cash and strategic cost control.
  
  

📢 Final Dividend

• ₹4 per share (200% of FV ₹2)
  
  

• Total FY25 dividend: ₹16 per share
  
  

📌 Disclosure

This analysis is for educational and informational purposes only and does not constitute a buy/sell recommendation.