Balmer Lawrie & Company Ltd

₹ 169 -2.90%

11 Sep 4:01 p.m.

balmerlawrie.com BSE: 523319 NSE: BALMLAWRIE

About

Balmer Lawrie & Company Ltd is engaged in the business of Industrial Packaging, Greases & Lubricants, Leather Chemicals, Logistic Services and Infrastructure, Refinery & Oil Field and Travel & Vacation Services in India. ^[1]

It is a central public-sector undertaking under the administrative control of Ministry of Petroleum and Natural Gas, GoI, since 1972.^[2]

Key Points

Brief History^[1]
BLCL has a longstanding operational history of over 150 years, evolving from a trading business into manufacturing with the establishment of its first grease plant in 1937. Over time, the Company diversified into multiple segments, including industrial packaging, greases and lubricants, travel and vacation, and logistics infrastructure, among others, operating through six strategic business units.

Website BSE NSE

Market Cap ₹ 2,890 Cr.
Current Price ₹ 169
High / Low ₹ 238 / 148
Stock P/E 11.7
Book Value ₹ 91.0
Dividend Yield 5.03 %
ROCE 21.9 %
ROE 15.9 %
Face Value ₹ 10.0

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Pros

Company is almost debt free.
Stock is providing a good dividend yield of 5.05%.
Company has been maintaining a healthy dividend payout of 64.3%

Cons

* 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

Diversified Diversified Diversified Diversified

Part of BSE Industrials BSE 1000

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	589	581	579	569	631	634	626	604	676	630	653	740	742
	525	508	509	522	570	565	542	520	593	564	569	637	646
Operating Profit	63	73	71	47	61	69	83	83	82	65	85	103	96
OPM %	11%	13%	12%	8%	10%	11%	13%	14%	12%	10%	13%	14%	13%
	10	17	11	47	12	15	9	47	10	18	7	51	10
Interest	4	2	3	4	4	3	5	4	5	5	8	8	11
Depreciation	12	12	12	13	12	12	13	14	12	12	15	25	17
Profit before tax	57	76	67	78	58	69	75	113	75	66	69	121	79
Tax %	21%	28%	23%	34%	19%	28%	27%	28%	26%	26%	27%	25%	27%
	45	55	51	51	47	50	55	82	56	48	51	91	58
EPS in Rs	2.65	3.24	3.00	3.00	2.74	2.91	3.20	4.77	3.27	2.84	2.97	5.29	3.37
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	2,736	1,591	1,702	1,722	1,772	1,527	1,519	2,038	2,300	2,307	2,484	2,689	2,766
	2,569	1,385	1,491	1,501	1,538	1,327	1,382	1,878	2,105	2,052	2,187	2,353	2,416
Operating Profit	167	206	211	221	234	200	137	160	195	255	297	336	350
OPM %	6%	13%	12%	13%	13%	13%	9%	8%	8%	11%	12%	12%	13%
	75	63	73	71	79	82	71	62	73	86	83	85	86
Interest	5	5	5	4	6	8	5	6	10	14	16	26	32
Depreciation	26	24	26	27	27	42	46	47	47	48	50	64	69
Profit before tax	210	240	254	261	280	232	157	170	211	279	314	331	335
Tax %	30%	32%	33%	29%	33%	24%	26%	28%	27%	27%	26%	26%
	147	164	170	185	188	177	116	123	154	203	233	246	247
EPS in Rs	8.61	9.60	9.97	10.81	11.02	10.36	6.81	7.18	9.00	11.90	13.61	14.37	14.47
Dividend Payout %	35%	35%	47%	62%	67%	72%	88%	91%	83%	71%	62%	59%

Compounded Sales Growth
10 Years:	5%
5 Years:	12%
3 Years:	5%
TTM:	9%

Compounded Profit Growth
10 Years:	4%
5 Years:	16%
3 Years:	17%
TTM:	2%

Stock Price CAGR
10 Years:	4%
5 Years:	5%
3 Years:	3%
1 Year:	-24%

Return on Equity
10 Years:	13%
5 Years:	13%
3 Years:	15%
Last Year:	16%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	28	28	114	114	114	171	171	171	171	171	171	171
Reserves	875	1,036	1,052	1,142	1,186	1,149	1,137	1,149	1,185	1,256	1,357	1,384
	0	0	0	15	15	35	35	27	31	35	30	144
	546	528	628	581	568	528	582	598	707	769	792	872
Total Liabilities	1,450	1,593	1,794	1,852	1,883	1,882	1,925	1,945	2,095	2,232	2,350	2,571
	407	393	396	401	402	566	573	582	585	584	582	736
CWIP	4	7	23	13	117	24	32	11	28	52	67	34
Investments	57	58	87	138	140	130	130	130	130	90	91	82
	981	1,134	1,286	1,299	1,225	1,162	1,190	1,222	1,353	1,506	1,610	1,718
Total Assets	1,450	1,593	1,794	1,852	1,883	1,882	1,925	1,945	2,095	2,232	2,350	2,571

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	107	132	172	109	175	171	217	-22	169	217	111	247
	-29	-54	-108	16	-34	-26	-56	158	-22	-69	56	-6
	-64	-66	-73	-106	-144	-172	-146	-124	-134	-157	-177	-248
Net Cash Flow	14	12	-9	20	-4	-27	15	12	13	-10	-10	-7
Free Cash Flow	31	96	122	75	42	126	174	-39	119	165	45	178
CFO/OP	105%	107%	121%	85%	112%	117%	177%	14%	112%	110%	69%	100%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	49	53	60	58	57	65	69	56	57	66	70	72
Inventory Days	67	77	51	46	47	57	59	51	46	66	67	57
Days Payable	112	144	104	109	96	86	100	69	68	107	102	114
Cash Conversion Cycle	3	-14	8	-6	8	36	29	38	35	26	35	15
Working Capital Days	13	41	32	50	44	51	31	50	42	43	66	65
ROCE %	25%	25%	23%	22%	22%	18%	12%	13%	16%	20%	22%	22%

Insights

In beta

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

CFS Volumes Moved to CFS from Port (YoY Growth)
%

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Cold Chain Temperature-Controlled Warehouses (TCWs)
number

Cold Chain Reefer Vehicles Fleet
number

Industrial Packaging Market Share in MS Drums (210L/235L)
%

Greases & Lubricants Volume Growth (YoY)
%

Total Dealers/Distributors
number

Industrial Packaging Volume Growth (YoY)
%

Travel Tickets Issued
lakhs

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	1.82%	2.12%	2.71%	3.07%	3.22%	3.58%	2.58%	2.34%	2.26%	2.16%	2.22%	2.38%
	2.48%	2.21%	2.09%	1.93%	1.90%	1.89%	1.79%	1.79%	1.79%	1.79%	1.79%	1.79%
	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%
	95.66%	95.63%	95.17%	94.98%	94.85%	94.50%	95.61%	95.84%	95.94%	96.03%	95.96%	95.79%
No. of Shareholders	87,348	89,289	93,411	1,01,912	1,06,173	1,07,445	1,11,408	1,10,144	1,11,490	1,09,229	1,09,420	1,08,631

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Jun 2026
	3.62%	2.47%	1.57%	1.51%	1.71%	1.63%	1.20%	2.71%	2.58%	2.22%	2.38%
	9.00%	7.72%	7.73%	5.75%	3.50%	2.50%	2.47%	2.09%	1.79%	1.79%	1.79%
	0.05%	0.05%	0.00%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%
	87.33%	89.76%	90.70%	92.72%	94.76%	95.84%	96.29%	95.17%	95.61%	95.96%	95.79%
No. of Shareholders	39,213	47,436	49,255	56,621	78,403	97,916	91,600	93,411	1,11,408	1,09,420	1,08,631

* 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.

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Balmer Lawrie & Company Ltd

Balmer Lawrie & Company Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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Announcements

Annual reports

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