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 ₹ 1,602 Cr.
- Current Price ₹ 72.2
- High / Low ₹ 95.8 / 63.8
- Stock P/E 8.94
- Book Value ₹ 64.8
- Dividend Yield 5.96 %
- ROCE 16.9 %
- ROE 12.7 %
- Face Value ₹ 1.00
Pros
- Stock is trading at 1.11 times its book value
- Company has been maintaining a healthy dividend payout of 45.2%
Cons
- The company has delivered a poor sales growth of 11.8% over past five years.
- Company has a low return on equity of 13.0% over last 3 years.
* 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 Holding Company
Part of BSE CPSE BSE Financial Services
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 1,817 | 1,573 | 1,563 | 2,074 | 2,335 | 2,373 | 2,545 | 2,728 | 2,795 | |
| 1,547 | 1,347 | 1,413 | 1,883 | 2,110 | 2,024 | 2,193 | 2,367 | 2,418 | |
| Operating Profit | 270 | 226 | 150 | 191 | 225 | 349 | 352 | 361 | 377 |
| OPM % | 15% | 14% | 10% | 9% | 10% | 15% | 14% | 13% | 13% |
| 58 | 59 | 79 | 65 | 81 | 52 | 85 | 114 | 115 | |
| Interest | 7 | 15 | 12 | 14 | 18 | 22 | 27 | 33 | 40 |
| Depreciation | 30 | 52 | 55 | 57 | 57 | 59 | 60 | 76 | 81 |
| Profit before tax | 290 | 218 | 162 | 186 | 232 | 319 | 350 | 365 | 371 |
| Tax % | 30% | 26% | 26% | 26% | 26% | 24% | 24% | 24% | |
| 202 | 161 | 121 | 137 | 172 | 242 | 267 | 278 | 281 | |
| EPS in Rs | 5.79 | 4.76 | 3.59 | 3.97 | 5.00 | 6.96 | 7.73 | 8.04 | 8.08 |
| Dividend Payout % | 59% | 79% | 106% | 75% | 66% | 55% | 56% | 25% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 12% |
| 3 Years: | 5% |
| TTM: | 9% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 17% |
| 3 Years: | 17% |
| TTM: | 2% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 9% |
| 3 Years: | 18% |
| 1 Year: | -20% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | 13% |
| Last Year: | 13% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 |
| Reserves | 1,052 | 1,081 | 1,076 | 1,094 | 1,117 | 1,199 | 1,354 | 1,417 |
| 81 | 122 | 125 | 122 | 121 | 113 | 106 | 220 | |
| 1,266 | 1,256 | 1,304 | 1,340 | 1,540 | 1,691 | 1,723 | 1,855 | |
| Total Liabilities | 2,420 | 2,482 | 2,527 | 2,578 | 2,801 | 3,025 | 3,204 | 3,514 |
| 568 | 770 | 767 | 767 | 760 | 751 | 737 | 883 | |
| CWIP | 117 | 24 | 32 | 11 | 28 | 52 | 67 | 34 |
| Investments | 325 | 375 | 386 | 436 | 518 | 565 | 632 | 730 |
| 1,410 | 1,313 | 1,341 | 1,364 | 1,495 | 1,657 | 1,769 | 1,867 | |
| Total Assets | 2,420 | 2,482 | 2,527 | 2,578 | 2,801 | 3,025 | 3,204 | 3,514 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| 177 | 187 | 247 | 23 | 206 | 280 | 164 | 294 | |
| -137 | -60 | -80 | 137 | -48 | -117 | 9 | -35 | |
| -61 | -159 | -153 | -148 | -145 | -172 | -183 | -265 | |
| Net Cash Flow | -21 | -32 | 14 | 12 | 13 | -9 | -10 | -5 |
| Free Cash Flow | -24 | 139 | 204 | 6 | 156 | 228 | 98 | 230 |
| CFO/OP | 98% | 109% | 186% | 37% | 111% | 99% | 74% | 108% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 56 | 63 | 67 | 55 | 56 | 66 | 69 | 72 |
| Inventory Days | 47 | 58 | 58 | 51 | 47 | 47 | 43 | 35 |
| Days Payable | 0 | 88 | 99 | 68 | 69 | 75 | 66 | 71 |
| Cash Conversion Cycle | 102 | 33 | 27 | 38 | 35 | 37 | 46 | 35 |
| Working Capital Days | 42 | 51 | 32 | 51 | 41 | 42 | 62 | 59 |
| ROCE % | 13% | 9% | 11% | 13% | 17% | 17% | 17% |
Insights
In beta| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| BL Industrial Packaging Share of External Revenue % |
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| BL Travel & Vacations Share of External Revenue % |
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| VPLPL Mechanised/Ambient Warehouse Capacity Utilization % |
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| VPLPL Rakes Handled rakes |
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| VPLPL Open Yard Capacity Utilization % |
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| VPLPL Temperature-Controlled Warehouse Capacity Utilization % |
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| VPLPL Container Freight Station Export TEUs TEUs |
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| VPLPL Container Freight Station Import TEUs TEUs |
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Extracted by Screener AI
Documents
Announcements
- Notice Of 25Th AGM And Annual Report For FY 2025-26
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Announcement Under Regulation 30 Of SEBI(LODR) Regulations, 2015- Notice Of 25Th AGM And Annual Report For FY 2025-26
- 25th AGM on 21 Sep 2026; final dividend Rs 2.27/share, two nominee director appointments proposed.
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Fine Imposed By BSE Limited W.R.T To Non-Compliances Of SEBI (LODR) Regulations, 2015 For The Quarter Ended On 30Th June, 2026.
- BSE imposed Rs. 9.78 lakh fine for Q1 FY2026 board and committee non-compliances.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper Publications as per MCA circular dated 5th May, 2020-Notice of the 25th Annual General Meeting and connected matters
- Announcement under Regulation 30 (LODR)-Newspaper Publication
Annual reports
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
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Annual Report 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.