Balkrishna Industries Limited · NSE:BALKRISIND
Balkrishna Industries — Q4 FY25 Earnings Presentation
32 slides from Balkrishna Industries's earnings presentation, May 2025
Slide 1: Balkrishna Industries Ltd. Investor Presentation May '25
BALKRISHNA INDUSTRIES LTD. Investor Presentation May ‘25
Slide 2: Safe Harbor
Safe Harbor Investor Presentation This presentation and the accompanying slides (the “Presentation”), which have been prepared by Balkrishna Industries Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchas
Slide 3: A Leading Global Brand from India
A Leading Global Brand from INDIA
Slide 4: 2.2x Revenue Growth by 2030
2.2x Revenue Growth by 2030 Investor Presentation 5 year CAGR : ~17% ~Rs. 10,600 cr ~ Rs. 23,000 cr 2025 2030 ~ Rs. 23,000 cr by FY30 ~70% ~10% ~20% OHT Segments 3rd Party sales of New Tire Carbon Black Categories for Indian Market 4
Slide 5: 2.2x Revenue Growth by 2030
2.2x Revenue Growth by 2030 Investor Presentation + = New Growth Capex for Carbon Black, Rubber Tracks and New Category Tire: Achieve 8% global market 2.2x Revenue by FY30 Rs. 3,500cr over next 3 years share in OHT segment 5
Slide 6: OHT Strategy
OHT Strategy Investor Presentation ▪ Agricultural Tires : To sustain and further ▪ The on-going capex of 35,000 MTPA along consolidate global leadership with De-bottlenecking efforts, the OHT ▪ Mining Tires: Only Indian manufacturer to tire capacity will increase to 425,000 develop All-Steel Radial
Slide 7: OHT Strategy
OHT Strategy Investor Presentation ~70% Revenue Achieve Contribution by ~8% global FY30 market share 7
Slide 8: Expand Carbon Black capacity
Expand Carbon Black capacity Investor Presentation ▪ To capitalize on synergies with tire ▪ Expansion to be completed by early 2026. operations and leverage energy and raw Increased capacity to ensure Raw material integration, the Board of material availability, Energy circularity Directors has appr
Slide 9: Expand Carbon Black capacity
Expand Carbon Black capacity Investor Presentation To become a ~10% Revenue preferred Contribution by supplier for FY30 Tire & Non- Tire segment 9
Slide 10: To enter New Tire verticals for India
To enter New Tire verticals for India Investor Presentation ▪ Planning a modular entry into: ▪ CV Radial tires pilot will launch in Q4FY26 ▪ Premium Passenger Car Radial Tires and will ramp up gradually ▪ Commercial Vehicles Radial Tires ▪ PCR tires pilot will follow in Q3FY27 and will ramp up gradu
Slide 11: To enter New Tire verticals for India
To enter New Tire verticals for India Investor Presentation ~20% Revenue Achieve ~5% Contribution by market share FY30 11
Slide 12: Competitive Advantages
Competitive Advantages Investor Presentation Sufficient land and upstream equipment in place. Also possess the talent and systems required to scale the business The Carbon Black plant generates power for tire facilities, reducing a major manufacturing cost and ensuring control over a key raw materia
Slide 13: Result of Competitive Advantages
Result of Competitive Advantages Investor Presentation Expect blended margins post full commercialization to be in the range of 23-25% allowing absolute EBITDA to grow significantly On enhanced revenue backed by a superior product mix and operational strengths, do not anticipate a significant declin
Slide 14: FY25 Achieved highest ever Annual-Revenue
Investor Presentation FY25 Achieved highest ever Annual-Revenue 14
Slide 15: Performance Snapshot – FY25
Performance Snapshot – FY25 Investor Presentation Sales Volume Revenue 315,273 MT Rs. 10,615 cr +8% YoY +13% YoY EBITDA EBITDA Margin Rs. 2,682 cr 25.26% +16% YoY +50 bps YoY Net Profit Dividend* Rs. 1,628 cr Rs. 16/- per equity share +13% YoY All Figures on Standalone basis * Total of 1st, 2nd and
Slide 16: Performance Snapshot – Q4FY25
Performance Snapshot – Q4FY25 Investor Presentation Sales Volume Revenue 82,062 MT Rs. 2,838 cr Flat YoY +5% YoY EBITDA EBITDA Margin Rs. 703 cr 24.78% +1% YoY -115bps YoY Net Profit Dividend* Rs. 362 cr Rs. 4/- per equity share -25% YoY All Figures on Standalone basis * Final Dividend subject to sh
Slide 17: Sales Volume Profile
Sales Volume Profile Investor Presentation 3,15,273 3,01,181 2,92,628 2,88,795 2,27,131 FY23 FY25 FY24 FY24 FY21 FY22 Sales volumes in MT All Figures on Standalone basis 17
Slide 18: Volume Profile
Volume Profile Investor Presentation Segmental Sales Channel Sales Geographical Sales 3.5% 1.5% 11.1% 25.7% 36.6% 45.1% FY25 FY25 28.6% FY25 59.9% 72.8% 15.2% Agriculture OTR Others Replacement OEM Others Europe Americas India RoW All Figures on Standalone basis 18
Slide 19: Profit & Loss
Profit & Loss Investor Presentation Standalone Particulars (Rs in Cr) Q4FY25 Q4FY24 YoY FY25 FY24 YoY Sales (MT) 82,062 82,085 -0.0% 315,273 292,628 8% Revenue from Operations 2,747 2,673 10,413 9,299 Realized Gain on Foreign Exchange 91 24 202 77 Total Income 2,838 2,697 5% 10,615 9,375 13% Raw Mat
Slide 20: Balance Sheet
Balance Sheet Investor Presentation Particulars (Rs. Cr.) Mar’25 Mar’24 Particulars (Rs. Cr.) Mar’25 Mar’24 ASSETS EQUITY AND LIABILITIES Non-current assets 10,040 9,012 EQUITY 10,384 8,862 Property, Plant and Equipment 6,834 6,204 Equity Share Capital 39 39 Capital work-in-progress 985 944 Other Eq
Slide 21: Cash Flow
Cash Flow Investor Presentation Particulars (Rs. Cr.) FY25 FY24 Operating profit before working capital changes 2,665 2,307 Changes in working capital -432 163 Cash generated from operations 2,232 2,470 Direct taxes paid (net of refund) and others -479 -418 Net Cash from Operating Activities 1,753 2
Slide 22: Resilient Business Model
Resilient Business Model Investor Presentation Gross Cash and Cash equivalents of Rs. 3,327 Cr as on 31st March, 2025 Diversified Product Portfolio, spread across Agriculture, Industrial, Construction, Earthmoving, Mining, Port, Lawn and Garden and ATV tires Self Reliant in Carbon Black along with M
Slide 23: BKT: Growing Together
BKT: Growing Together Investor Presentation 23
Slide 24: Our Manufacturing Base
India Production and Global Sales Investor Presentation Waluj, Maharashtra Our Manufacturing Base Bhiwadi, Rajasthan India Chopanki, Rajasthan Bhuj, Gujarat Note – Maps not to scale. All data, information, and maps are provided “as is” without warranty or any representation of accuracy, timeliness o
Slide 25: Serving Global OEMs
Serving Global OEMs Investor Presentation The Brand Names and logos mentioned are the property of their respective owners and are used here for identification purposes only 25
Slide 26: Business Practices Driving Long-Term Sustainability
Business Practices Driving Long-Term Sustainability Investor Presentation Energy Efficiency Environment Waste Management ▪ To ensure energy efficiency Initiated use of ▪ Controlled emissions through ▪ Implemented disciplined waste management ‘Green Energy’ – installing 5MW windmills and electrostati
Slide 27: Ratings
Ratings Investor Presentation S&P Global ESG score: 53 (+11), Top among Indian Industry Peers CRISIL Rating: AA/Positive to AA+/Stable Crisil ESG Rating: 57 (+3), Adequate 27
Slide 28: Promoting Education, Health & Rural Development
Promoting Education, Health & Rural Development Investor Presentation Our Endeavour is to improve the lives of children and adults, and our mission is to ensure health with dignity to every underprivileged children and adult 28
Slide 29: Well recognized International Brand
Well recognized International Brand Investor Presentation 29
Slide 30: Strengthening BKT Brand: India
Strengthening BKT Brand: India Investor Presentation Immagine che contiene persona, vestiti, uomo, aria aperta Descrizione generata automaticamente Click here for the BKT Video Ranveer Singh is the Brand Ambassador of BKT 30
Slide 31: Strengthening BKT Brand: India
Strengthening BKT Brand: India Investor Presentation Ravichandran Ashwin is the Brand Ambassador of BKT 31
Slide 32: Thank You
Thank You Company Investor Relations Advisor Balkrishna Industries Ltd. Strategic Growth Advisors Pvt. Ltd. CIN - L99999MH1961PLC012185 CIN - U74140MH2010PTC204285 Mr. M S. Bajaj - Senior President & Director Mr. Shogun Jain (Commercial) & CFO shogun.jain@sgapl.net msbajaj@bkt-tires.com investors@bk
Balkrishna Industries — Q4 FY25 Earnings Presentation on 6ix