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BALKRISHNA INDUSTRIES
PS (Price/Sales) Ratio

The Current P/S Ratio of BALKRISHNA INDUSTRIES is 5.10.

Share Price ₹2,373.4Apr 26,2024
Market Cap ₹45,876.9 Cr
Sales-TTM₹9,004.0 CrTTM-Consolidated Results
Price/Sales5.10xCalculated as Market Cap/Sales
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Definition & Calculation of PS (Price/Sales) ratio of BALKRISHNA INDUSTRIES

Price-to-Sales ratio, P/S Multiple, or P/S Ratio is an important valuation multiple that is defined as:

P/S = Market Capitalization / Sales

or, using per-share numbers:

P/S = Stock Price / Sales Per Share

Applying the above formula, P/S ratio of BALKRISHNA INDUSTRIES is calculated as :

Current Market Cap [ ₹45,876.9 Cr] as on Apr 26,2024

(/) Sales [ ₹9,004.0 Cr] based on TTM-Consolidated Results

(=) P/S Ratio [ 5.10x ]

P/S Ratio indicates 'the multiple of sales' investors are willing to pay to own one share of the company.

Thus, for BALKRISHNA INDUSTRIES , the investors are currently willing to pay '5.10 times sales' to own 1 share of the company.

PS Multiples are one of the most widely used valuation multiple in the industry.

P/S ratios can be a reliable benchmark to compare companies with negative earnings or book value.

You may also explore Price to Earnings ratio or Price to Book ratio of BALKRISHNA INDUSTRIES !

The chart below summarizes the trend in P/S Ratio of BALKRISHNA INDUSTRIES over the last five years.

Historical PS (Price/Sales) ratio chart of BALKRISHNA INDUSTRIES


PS Ratio Performance Analysis for BALKRISHNA INDUSTRIES

- BALKRISHNA INDUSTRIES 's latest p/e ratio is 5.10x.

- BALKRISHNA INDUSTRIES 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 4.27x.

- BALKRISHNA INDUSTRIES 's operated at median p/e ratio of 3.87x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, BALKRISHNA INDUSTRIES 's p/e ratio peaked in Mar2021 at 5.65x.

- BALKRISHNA INDUSTRIES 's p/e ratio hit its five-year low in Mar2020 of 3.18x.


How does BALKRISHNA INDUSTRIES 's P/S Ratio benchmark against top 10 peers in Tyres & Allied Industry?

Peer Comparison (Tyres & Allied Industry)Sales (Cr)PS RatioMarket Cap (Cr)
BALKRISHNA INDUSTRIES 9,004.05.1045,876.9
MRF LTD24,661.62.2455,249.1
APOLLO TYRES LTD25,366.81.2331,281.9
JK TYRE & INDUSTRIES LTD14,935.80.7210,684.5
CEAT LTD11,826.50.8610,223.8
TVS SRICHAKRA LTD2,843.61.123,182.4
GOODYEAR INDIA LTD2,653.81.022,694.6

Tyres & Allied Industry Benchmark (Top 10) PS Analysis vs BALKRISHNA INDUSTRIES 's P/S Ratio

Top 10 Industry PeersPS Ratio
Min industry PS 0.72x
Max industry PS 5.10x
Median industry PS 1.12x
Average industry PS 1.76x



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