Balkrishna Industries Limited vs Apollo Tyres Limited
An objective side-by-side of BALKRISIND and APOLLOTYRE, both in Tyres: valuation, profitability, growth, balance sheet, ownership and share-price performance. Where one number is clearly better on its own terms (lower P/E, higher ROE), it is shaded. That is a description, not a recommendation.
Prices as of 2026-09-21 close
Latest results: BALKRISIND Jun 2026 · APOLLOTYRE Mar 2026
At a glance
- Balkrishna Industries Limited is the larger company by market value, about 1.7 times the size of Apollo Tyres Limited.
- On trailing earnings, Apollo Tyres Limited trades at the lower P/E (18.9 against 30.5).
- Balkrishna Industries Limited earns the higher return on equity (12.8% against 8.2%).
- Over three years Apollo Tyres Limited has grown profits faster (27% a year against 8%).
- Over the past year the share prices returned -7.8% (BALKRISIND) and -14.6% (APOLLOTYRE).
| Metric | Balkrishna Industries BALKRISIND |
Apollo Tyres APOLLOTYRE |
|---|---|---|
| Size and price | ||
| Market cap | ₹42,855 Cr | ₹25,892 Cr |
| Share price | ₹2,217 | ₹409.30 |
| Valuation | ||
| P/E | 30.50 | 18.87 |
| P/B | 3.91 | 1.55 |
| EV/EBITDA | 18.50 | 7.14 |
| PEG | 3.81 | 0.70 |
| Dividend yield | 0.7% | 1.2% |
| Profitability | ||
| ROE | 12.8% | 8.2% |
| ROCE | 12.0% | 14.0% |
| Operating margin | 22.0% | 14.6% |
| Sales (TTM) | ₹11,519 Cr | ₹28,471 Cr |
| Net profit (TTM) | ₹1,405 Cr | ₹1,372 Cr |
| Growth | ||
| Latest quarter sales YoY | +25.2% | +14.2% |
| Latest quarter profit YoY | +56.4% | +241.8% |
| Sales CAGR 3Y | +4.0% | +5.0% |
| Profit CAGR 3Y | +8.0% | +27.0% |
| Sales CAGR 5Y | +13.0% | +10.0% |
| Profit CAGR 5Y | +1.0% | +24.0% |
| Financial strength | ||
| Debt/Equity | 0.38 | 0.22 |
| Interest cover | 11.44 | 6.64 |
| Ownership | ||
| Promoter holding | 58.3% | 36.9% |
| Promoter change (4 qtrs) | -0.01 pp | -0.02 pp |
| Price performance | ||
| Return 1M | -6.78% | -4.66% |
| Return 3M | -1.43% | -4.40% |
| Return 1Y | -7.77% | -14.59% |
| Return YTD | -4.44% | -18.14% |
| Technical condition | ||
| Technical score | 23 | 23 |
| RS rating (1-99) | 48.00 | 35.00 |
| % vs 200-DMA | -3.14% | -8.37% |
| RSI (14) | 45.08 | 36.48 |
| % from 52-week high | -20.12% | -24.27% |
