Rohitashya Thakuria

Balkrishna Industries: Fixed Asset check 🛞 • Asset turnover: ~1.6x vs industry ~1.7x • ₹6,800 Cr capex till FY29 • Avg. asset age: ~5 years • Depreciation: ~7% of sales A slowdown in capex + higher sales could improve asset turnover.

How do you identify regulatory risk in a company? I use 3 questions: Can the regulator change how much I earn? Can it stop me from operating? Can I pass the impact on to customers? Then ask: How much can each risk impact the company's financials?