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 ₹ 1,674 Cr.
- Current Price ₹ 75.4
- High / Low ₹ 95.8 / 60.0
- Stock P/E 17.2
- Book Value ₹ 8.57
- Dividend Yield 5.70 %
- ROCE 53.7 %
- ROE 52.3 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Stock is providing a good dividend yield of 5.70%.
- 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 8.80 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.
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 | 102 | |
| 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 2 | 2 | |
| Operating Profit | 36 | 38 | 38 | 41 | 55 | 78 | 86 | 86 | 68 | 75 | 88 | 100 | 100 |
| OPM % | 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 | |
| Interest | 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 | 4.39 |
| 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: | 18% |
| 3 Years: | 27% |
| 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 |
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Capital Days | -250 | -250 | -254 | 11 | 8 | -14 | -10 | 11 | 15 | -9 | -7 | -8 |
| ROCE % | 51% | 48% | 43% | 37% | 40% | 50% | 50% | 49% | 40% | 46% | 51% | 54% |
Documents
Announcements
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Announcement Under Regulation 30- Comments Of Board On Imposition Of Fine By BSE Ltd. On The Company
11 Nov - BSE fines for listing-regulation breaches for quarter ended 30 June 2025; Board sought waiver.
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Announcement under Regulation 30 (LODR)-Meeting Updates
11 Nov - Board approved Q2/H1 FY2025-26 results: standalone Q2 PAT Rs9,184.97L; consolidated H1 PAT Rs12,651.73L; auditor appointed; meeting Nov 11, 2025.
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Board Meeting Outcome for Outcome Of Board Meeting Dated 11Th November, 2025
11 Nov - Approved Q2/H1 FY2025-26 results to 30 Sep 2025; limited review unmodified; K.K. Chanani appointed statutory auditor.
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Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s
11 Nov - C&AG appointed K.K. Chanani & Associates as statutory auditor for FY2025-26, effective 11 November 2025.
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Results- Unaudited Financial Results For The Second Quarter And Half Year Ended On 30Th September, 2025
11 Nov - Q2/H1 FY2025-26 unaudited results approved; standalone PAT Rs9,184.97L; consolidated PAT Rs12,651.73L.
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]