Balmer Lawrie Investment Ltd

Balmer Lawrie Investments is not engaged in any other business activity, except, to hold the Equity Shares of Balmer Lawrie & Co. Ltd.

Pros:
Company is virtually debt free.
Stock is providing a good dividend yield of 8.69%.
Company has a good return on equity (ROE) track record: 3 Years ROE 41.59%
Company has been maintaining a healthy dividend payout of 98.68%
Cons:
Tax rate seems low
Earnings include an other income of Rs.77.30 Cr.
** Remarks:
Some businesses are provided tax benefits to encourage their development

Peer Comparison Sector: Finance // Industry: Finance & Investments

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019
0 0 0 0 0 0 0 2 0 0 0 2
0 0 0 0 0 0 0 0 0 0 0 0
Operating Profit -0 -0 -0 -0 -0 -0 -0 2 -0 -0 -0 2
OPM % 88% 92%
Other Income 37 2 2 2 51 2 2 0 72 3 3 0
Interest 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
Profit before tax 36 1 2 2 51 2 2 2 72 2 2 2
Tax % 1% 34% 34% 28% 1% 28% 28% 28% 1% 28% 28% 28%
Net Profit 36 1 1 1 50 1 1 1 71 2 2 2
EPS in Rs 16.21 0.44 0.46 0.49 22.61 0.53 0.53 0.49 32.18 0.75 0.76 0.73
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
15 19 22 25 30 33 37 38 38 42 56 79 2
0 0 0 0 0 0 0 0 1 1 1 1 1
Operating Profit 14 18 22 25 30 33 36 38 38 41 55 78 2
OPM % 97% 98% 98% 98% 99% 99% 99% 99% 98% 98% 99% 99% 66%
Other Income 0 0 0 0 0 0 0 0 0 0 0 0 77
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 14 18 22 25 30 33 36 38 38 41 55 78 79
Tax % 2% 3% 3% 2% 5% 5% 5% 5% 5% 5% 3% 3%
Net Profit 14 18 21 24 28 31 34 36 36 39 54 76 76
EPS in Rs 5.78 8.09 9.51 10.91 12.81 14.02 15.49 16.08 16.05 17.48 24.16 34.20 34.42
Dividend Payout % 72% 79% 80% 78% 78% 78% 77% 78% 78% 97% 99% 99%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:15.38%
5 Years:16.65%
3 Years:27.37%
TTM:42.77%
Compounded Profit Growth
10 Years:15.50%
5 Years:17.16%
3 Years:28.69%
TTM:42.43%
Stock Price CAGR
10 Years:11.61%
5 Years:8.30%
3 Years:6.48%
1 Year:-2.38%
Return on Equity
10 Years:43.97%
5 Years:41.99%
3 Years:41.59%
Last Year:48.39%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
22 22 22 22 22 22 22 22 22 22 22 22
Reserves 19 23 27 32 38 45 53 61 69 107 123 146
Borrowings 0 0 0 0 0 0 0 0 0 0 0 0
4 15 17 20 23 26 28 29 30 2 2 3
Total Liabilities 45 59 66 74 84 93 103 112 120 132 148 172
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
Investments 33 33 33 33 33 33 33 33 33 33 33 33
12 27 34 41 51 60 70 80 88 99 115 139
Total Assets 45 59 66 74 84 93 103 112 120 132 148 172

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
14 17 21 24 28 31 34 35 36 39 53 75
0 0 0 0 0 0 0 0 0 0 0 0
-12 -3 -14 -17 -19 -22 -24 -26 -27 -28 -37 -53
Net Cash Flow 2 14 7 8 9 9 9 9 8 11 16 22

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 36% 43% 46% 48% 52% 51% 51% 48% 43% 37% 40% 50%
Debtor Days 0 0 0 0 0 0 0 0 0 0 0 0
Inventory Turnover