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 ₹ 1,533 Cr.
- Current Price ₹ 69.1
- High / Low ₹ 95.8 / 62.3
- Stock P/E 15.8
- Book Value ₹ 8.57
- Dividend Yield 6.22 %
- ROCE 53.7 %
- ROE 52.3 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Stock is providing a good dividend yield of 6.22%.
- 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 8.06 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: | 9% |
| 5 Years: | 7% |
| 3 Years: | 25% |
| 1 Year: | -2% |
| 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% |
Insights
In beta| Mar 2016 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
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Documents
Announcements
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Announcement under Regulation 30 (LODR)-Date of payment of Dividend
16 Mar - Interim dividend Rs.2.03 per Re.1 share on 221,972,690 shares; record date 20 March 2026.
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Announcement under Regulation 30 (LODR)-Meeting Updates
16 Mar - Board recorded BSE-imposed fines for Listing Regulations non-compliance for quarter ended 31 December 2025; representation made.
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Announcement under Regulation 30 (LODR)-Dividend Updates
16 Mar - Declared interim dividend Rs.2.03 per Re.1 share; record date 20 March 2026; board met 16 March 2026.
- Corporate Action-Board approves Dividend 16 Mar
- Disclosure Under Regulation 30 & 42 Of SEBI (LODR) Regulations, 2015 (As Amended) ("Listing Regulations") - Fixation Of Record Date W.R.T Interim Dividend For FY 2025-26 16 Mar
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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Formation of Company[1]
As part of oil sector deregulation, the Government of India disinvested ~33.6% from IBP (Indo Burma Petrol) Co (from ~60% holding) and demerged IBP’s stake in Balmer Lawrie & Company Ltd to Balmer Lawrie Investments Ltd (incorporated in 2001). The President of India currently holds ~60% equity in the company, which operates under the Ministry of Petroleum & Natural Gas.