Balmer Lawrie Investment Ltd

About [ edit ]

Balmer Lawrie Investments Limited is a non-banking financial Company as defined under section 45-I(f) of the Reserve Bank of India Act, 1934. The Company does not carry on any business except to hold 105679350 equity shares of Rs.10/- each of Balmer Lawrie & Co. Ltd.

  • Market Cap 1,088 Cr.
  • Current Price 490
  • High / Low 526 / 325
  • Stock P/E 12.8
  • Book Value 79.0
  • Dividend Yield 7.65 %
  • ROCE 49.8 %
  • ROE 48.5 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is providing a good dividend yield of 7.65%.
  • Company has delivered good profit growth of 18.55% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 45.66%
  • Company has been maintaining a healthy dividend payout of 99.46%

Cons

  • Tax rate seems low

Peer comparison

Sector: Finance Industry: Finance & Investments

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
0.00 1.73 0.00 2.55 2.54 2.47 79.82 2.31 2.29 2.23 81.47 1.61
0.18 0.20 0.21 0.22 0.21 0.21 0.23 0.33 0.32 0.22 0.23 0.24
Operating Profit -0.18 1.53 -0.21 2.33 2.33 2.26 79.59 1.98 1.97 2.01 81.24 1.37
OPM % 88.44% 91.37% 91.73% 91.50% 99.71% 85.71% 86.03% 90.13% 99.72% 85.09%
Other Income 1.82 0.00 72.18 0.00 0.03 0.00 0.00 0.00 0.00 0.00 0.18 0.00
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax 1.64 1.53 71.97 2.33 2.36 2.26 79.59 1.98 1.97 2.01 81.42 1.37
Tax % 28.05% 28.10% 0.74% 27.90% 28.39% 28.32% 0.69% 25.76% 26.90% 25.87% 0.69% 25.55%
Net Profit 1.18 1.10 71.44 1.68 1.69 1.62 79.04 1.47 1.44 1.49 80.86 1.02
EPS in Rs 0.53 0.50 32.18 0.76 0.76 0.73 35.61 0.66 0.65 0.67 36.43 0.46

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
19 22 25 30 33 37 38 38 42 56 79 87 88
0 0 0 0 0 0 0 1 1 1 1 1 1
Operating Profit 18 22 25 30 33 36 38 38 41 55 78 86 87
OPM % 98% 98% 98% 99% 99% 99% 99% 98% 98% 99% 99% 99% 99%
Other Income 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 18 22 25 30 33 36 38 38 41 55 78 86 87
Tax % 3% 3% 2% 5% 5% 5% 5% 5% 5% 3% 3% 3%
Net Profit 18 21 24 28 31 34 36 36 39 54 76 84 85
EPS in Rs 8.09 9.51 10.92 12.81 14.02 15.49 16.08 16.05 17.48 24.17 34.20 37.65 38.21
Dividend Payout % 79% 80% 78% 78% 78% 77% 78% 78% 97% 99% 99% 100%
Compounded Sales Growth
10 Years:15%
5 Years:18%
3 Years:28%
TTM:1%
Compounded Profit Growth
10 Years:15%
5 Years:19%
3 Years:29%
TTM:1%
Stock Price CAGR
10 Years:11%
5 Years:11%
3 Years:5%
1 Year:29%
Return on Equity
10 Years:45%
5 Years:43%
3 Years:46%
Last Year:49%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
22 22 22 22 22 22 22 22 22 22 22 22 22
Reserves 23 27 32 38 45 53 61 69 107 123 146 154 153
Borrowings 0 0 0 0 0 0 0 0 0 0 0 0 0
15 17 20 23 26 28 29 30 2 2 3 3 6
Total Liabilities 59 66 74 84 93 103 112 120 132 148 172 179 181
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
27 34 41 51 60 70 80 88 99 115 139 146 149
Total Assets 59 66 74 84 93 103 112 120 132 148 172 179 181

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
17 21 24 28 31 34 35 36 39 53 54 76
0 0 0 0 0 0 0 0 0 0 0 0
-3 -14 -17 -19 -22 -24 -26 -27 -28 -37 -53 -75
Net Cash Flow 14 7 8 9 9 9 9 8 11 16 0 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 43% 46% 48% 52% 51% 51% 48% 43% 37% 40% 50% 50%
Debtor Days 0 0 0 0 0 0 0 0 0 0 0 0
Inventory Turnover

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
59.67 59.67 59.67 59.67 59.67 59.67 59.67 59.67 59.67 59.67 59.67 59.67
5.96 5.81 6.00 5.90 6.00 6.00 6.05 6.27 6.20 5.79 5.80 5.73
1.33 1.33 1.28 1.28 1.28 0.91 0.15 0.15 0.14 0.15 0.14 0.15
33.04 33.19 33.04 33.15 33.05 33.41 34.13 33.90 33.98 34.39 34.38 34.45

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