Balmer Lawrie Investment Ltd

Balmer Lawrie Investment Ltd

₹ 960 0.79%
26 Jul - close price
About

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]

Key Points

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]

  • Market Cap 2,132 Cr.
  • Current Price 960
  • High / Low 983 / 386
  • Stock P/E 12.7
  • Book Value 550
  • Dividend Yield 3.44 %
  • ROCE 17.8 %
  • ROE 14.4 %
  • Face Value 10.0

Pros

  • Company is almost debt free.

Cons

  • The company has delivered a poor sales growth of 5.27% over past five years.
  • Company has a low return on equity of 10.8% over last 3 years.
  • Earnings include an other income of Rs.109 Cr.

* 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

Sector: Finance Industry: Finance & Investments

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
500 488 490 506 577 649 553 516 610 594 587 587 579
436 450 457 470 518 587 513 464 556 528 511 511 485
Operating Profit 64 37 34 37 58 62 40 52 55 67 77 76 94
OPM % 13% 8% 7% 7% 10% 10% 7% 10% 9% 11% 13% 13% 16%
53 25 18 14 33 24 24 15 35 24 28 27 30
Interest 3 4 3 4 3 5 4 5 5 6 5 5 6
Depreciation 14 14 14 14 14 14 14 14 14 15 14 14 15
Profit before tax 100 44 35 33 74 68 46 47 70 70 85 83 103
Tax % 24% 18% 22% 17% 36% 17% 24% 22% 38% 18% 25% 19% 27%
75 36 27 27 47 56 35 37 44 57 64 68 75
EPS in Rs 21.52 10.48 7.94 7.96 13.50 16.01 10.24 11.00 12.73 16.61 18.34 19.38 21.35
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1,817 1,573 1,563 2,074 2,335 2,348
1,547 1,347 1,413 1,883 2,110 2,035
Operating Profit 270 226 150 191 225 313
OPM % 15% 14% 10% 9% 10% 13%
58 59 79 65 81 109
Interest 7 15 12 14 18 22
Depreciation 30 52 55 57 57 59
Profit before tax 290 218 162 186 232 341
Tax % 30% 26% 26% 26% 26% 23%
202 161 121 137 172 264
EPS in Rs 57.91 47.63 35.92 39.75 49.97 75.68
Dividend Payout % 59% 79% 106% 75% 66% -0%
Compounded Sales Growth
10 Years: %
5 Years: 5%
3 Years: 15%
TTM: 1%
Compounded Profit Growth
10 Years: %
5 Years: 5%
3 Years: 28%
TTM: 52%
Stock Price CAGR
10 Years: 15%
5 Years: 17%
3 Years: 26%
1 Year: 128%
Return on Equity
10 Years: %
5 Years: 10%
3 Years: 11%
Last Year: 14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 22 22 22 22 22 22
Reserves 1,052 1,081 1,076 1,094 1,090 1,199
81 122 125 122 121 113
1,266 1,256 1,304 1,340 1,568 1,688
Total Liabilities 2,420 2,482 2,527 2,578 2,801 3,022
568 770 767 767 760 751
CWIP 117 24 32 11 28 52
Investments 325 375 386 436 518 565
1,410 1,313 1,341 1,364 1,495 1,654
Total Assets 2,420 2,482 2,527 2,578 2,801 3,022

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
177 187 247 23 206 269
-137 -60 -80 137 -48 -105
-61 -159 -153 -148 -145 -172
Net Cash Flow -21 -32 14 12 13 -9

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 56 63 67 55 56 66
Inventory Days 47 58 58 51 47 46
Days Payable -0 88 99 68 69 74
Cash Conversion Cycle 102 33 27 38 35 38
Working Capital Days 42 51 32 51 42 42
ROCE % 13% 9% 11% 13% 18%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
59.67% 59.67% 59.67% 59.67% 59.67% 59.67% 59.67% 59.67% 59.67% 59.67% 59.67% 59.67%
4.55% 4.27% 3.35% 1.25% 0.67% 0.66% 0.32% 0.38% 0.68% 0.82% 1.08% 1.33%
0.15% 0.14% 0.15% 0.14% 0.14% 0.14% 0.14% 0.14% 0.14% 0.14% 0.14% 0.14%
35.63% 35.91% 36.83% 38.93% 39.51% 39.51% 39.87% 39.81% 39.51% 39.37% 39.11% 38.85%
No. of Shareholders 18,34518,34820,10621,53723,57223,21723,26523,35926,51423,79422,80224,873

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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