Balmer Lawrie Investment Ltd
Balmer Lawrie Investments Ltd is a Government Enterprise. It’s a major stakeholder of Balmer Lawrie & Co. Ltd. The company along with its subsidiaries is engaged in the business of Industrial Packaging, Greases & Lubricants, Leather Chemicals, etc. [1]
- Market Cap ₹ 1,609 Cr.
- Current Price ₹ 72.5
- High / Low ₹ 95.8 / 60.0
- Stock P/E 16.6
- Book Value ₹ 8.57
- Dividend Yield 5.93 %
- ROCE 53.7 %
- ROE 52.3 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Stock is providing a good dividend yield of 5.93%.
- Company has a good return on equity (ROE) track record: 3 Years ROE 49.1%
- Company has been maintaining a healthy dividend payout of 98.9%
Cons
- Stock is trading at 8.46 times its book value
- The company has delivered a poor sales growth of 3.08% over past five years.
- Tax rate seems low
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Financial Services Financial Services Finance Non Banking Financial Company (NBFC)
Part of BSE CPSE BSE Allcap BSE Financial Services
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 37 | 38 | 38 | 42 | 56 | 79 | 87 | 87 | 69 | 76 | 89 | 101 | 101 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 2 | 2 | |
| Financing Profit | 36 | 38 | 38 | 41 | 55 | 78 | 86 | 86 | 68 | 75 | 88 | 100 | 100 |
| Financing Margin % | 99% | 99% | 98% | 98% | 99% | 99% | 99% | 99% | 98% | 99% | 99% | 98% | 98% |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 36 | 38 | 38 | 41 | 55 | 78 | 86 | 86 | 68 | 75 | 88 | 100 | 100 |
| Tax % | 5% | 5% | 5% | 5% | 3% | 3% | 3% | 2% | 2% | 2% | 2% | 3% | |
| 34 | 36 | 36 | 39 | 54 | 76 | 84 | 85 | 67 | 73 | 86 | 97 | 97 | |
| EPS in Rs | 1.55 | 1.61 | 1.60 | 1.75 | 2.42 | 3.42 | 3.76 | 3.81 | 3.00 | 3.31 | 3.86 | 4.37 | 4.38 |
| Dividend Payout % | 77% | 78% | 78% | 97% | 99% | 99% | 100% | 100% | 100% | 100% | 99% | 98% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 3% |
| 3 Years: | 13% |
| TTM: | 1% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 3% |
| 3 Years: | 13% |
| TTM: | 0% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 12% |
| 3 Years: | 26% |
| 1 Year: | 18% |
| Return on Equity | |
|---|---|
| 10 Years: | 45% |
| 5 Years: | 47% |
| 3 Years: | 49% |
| Last Year: | 52% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 |
| Reserves | 53 | 61 | 69 | 107 | 123 | 146 | 154 | 155 | 138 | 145 | 157 | 170 | 168 |
| Borrowing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 28 | 29 | 30 | 2 | 2 | 3 | 3 | 3 | 3 | 2 | 2 | 2 | 6 | |
| Total Liabilities | 103 | 112 | 120 | 132 | 148 | 172 | 179 | 181 | 163 | 169 | 182 | 194 | 196 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 |
| 70 | 80 | 88 | 99 | 115 | 139 | 146 | 148 | 130 | 136 | 149 | 161 | 163 | |
| Total Assets | 103 | 112 | 120 | 132 | 148 | 172 | 179 | 181 | 163 | 169 | 182 | 194 | 196 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 34 | 35 | 36 | 39 | 53 | 54 | 76 | 83 | 84 | 67 | 85 | 98 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -11 | -13 | |
| -24 | -26 | -27 | -28 | -37 | -53 | -75 | -83 | -84 | -67 | -73 | -84 | |
| Net Cash Flow | 9 | 9 | 8 | 11 | 16 | 0 | 0 | -0 | 0 | 0 | 1 | -0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE % | 48% | 45% | 41% | 35% | 39% | 48% | 49% | 48% | 39% | 45% | 50% | 52% |
Documents
Announcements
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Disclosure Under Regulation 30 Read With Point 20 (B) Of Para A Of Part A Of Schedule III Of SEBI (LODR) Regulations, 2015 - Fines Imposed By BSE Limited On The Company For The Quarter Ended On 31St December, 2025
1d - BSE imposed Rs.9,88,840 fine on Balmer Lawrie Investments for board composition non-compliance, communicated 27 Feb 2026.
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Announcement under Regulation 30 (LODR)-Meeting Updates
13 Feb - Appointed M/s. Bhattacharyya Roychaudhuri & Associates as internal auditor for FY2025-26 on 13 Feb 2026.
-
Announcement under Regulation 30 (LODR)-Meeting Updates
13 Feb - Balmer Lawrie Investments noted BSE fines for non-compliance for quarter ended 30 Sept 2025; sought waiver.
-
Board Meeting Outcome for Outcome Of Board Meeting Held On 13Th February, 2026
13 Feb - Board approved unaudited Q3/9M results (31 Dec 2025); appointed internal auditor; BSE fines noted; RPT policy amended.
-
Announcement under Regulation 30 (LODR)-Meeting Updates
13 Feb - Board approved amendment to Related Party Transactions Policy, effective immediately; policy posted online (13 Feb 2026).
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Revenue Breakup
In FY21, dividend income from non-current investments accounted for ~91% of revenues and interest income from FDs accounted for the rest ~9% of revenues on standalone basis.[1]