Balmer Lawrie & Company Ltd
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]
- Market Cap ₹ 3,101 Cr.
- Current Price ₹ 181
- High / Low ₹ 238 / 147
- Stock P/E 12.9
- Book Value ₹ 87.0
- Dividend Yield 4.69 %
- ROCE 21.7 %
- ROE 15.7 %
- Face Value ₹ 10.0
Pros
- Stock is providing a good dividend yield of 4.69%.
- Company has been maintaining a healthy dividend payout of 72.4%
Cons
- The company has delivered a poor sales growth of 10.2% over past five years.
- Company has a low return on equity of 14.0% 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,622 | 2,736 | 1,591 | 1,702 | 1,722 | 1,772 | 1,527 | 1,519 | 2,038 | 2,300 | 2,307 | 2,484 | 2,535 | |
| 2,457 | 2,569 | 1,385 | 1,491 | 1,501 | 1,538 | 1,327 | 1,382 | 1,878 | 2,105 | 2,052 | 2,187 | 2,220 | |
| Operating Profit | 165 | 167 | 206 | 211 | 221 | 234 | 200 | 137 | 160 | 195 | 255 | 297 | 314 |
| OPM % | 6% | 6% | 13% | 12% | 13% | 13% | 13% | 9% | 8% | 8% | 11% | 12% | 12% |
| 80 | 75 | 63 | 73 | 71 | 79 | 82 | 71 | 62 | 73 | 86 | 83 | 83 | |
| Interest | 6 | 5 | 5 | 5 | 4 | 6 | 8 | 5 | 6 | 10 | 14 | 16 | 19 |
| Depreciation | 20 | 26 | 24 | 26 | 27 | 27 | 42 | 46 | 47 | 47 | 48 | 50 | 51 |
| Profit before tax | 220 | 210 | 240 | 254 | 261 | 280 | 232 | 157 | 170 | 211 | 279 | 314 | 328 |
| Tax % | 29% | 30% | 32% | 33% | 29% | 33% | 24% | 26% | 28% | 27% | 27% | 26% | |
| 157 | 147 | 164 | 170 | 185 | 188 | 177 | 116 | 123 | 154 | 203 | 233 | 241 | |
| EPS in Rs | 9.15 | 8.61 | 9.60 | 9.97 | 10.81 | 11.02 | 10.36 | 6.81 | 7.18 | 9.00 | 11.90 | 13.61 | 14.08 |
| Dividend Payout % | 33% | 35% | 35% | 47% | 62% | 67% | 72% | 88% | 91% | 83% | 71% | 62% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -1% |
| 5 Years: | 10% |
| 3 Years: | 7% |
| TTM: | 5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 6% |
| 3 Years: | 24% |
| TTM: | 21% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 9% |
| 3 Years: | 15% |
| 1 Year: | -5% |
| Return on Equity | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 12% |
| 3 Years: | 14% |
| Last Year: | 16% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 28 | 28 | 28 | 114 | 114 | 114 | 171 | 171 | 171 | 171 | 171 | 171 | 171 |
| Reserves | 791 | 875 | 1,036 | 1,052 | 1,142 | 1,186 | 1,149 | 1,137 | 1,149 | 1,185 | 1,256 | 1,357 | 1,316 |
| 0 | 0 | 0 | 0 | 15 | 15 | 35 | 35 | 27 | 31 | 35 | 30 | 157 | |
| 619 | 546 | 528 | 628 | 581 | 568 | 528 | 582 | 598 | 707 | 769 | 792 | 861 | |
| Total Liabilities | 1,438 | 1,450 | 1,593 | 1,794 | 1,852 | 1,883 | 1,882 | 1,925 | 1,945 | 2,095 | 2,232 | 2,350 | 2,505 |
| 290 | 407 | 393 | 396 | 401 | 402 | 566 | 573 | 582 | 585 | 584 | 582 | 634 | |
| CWIP | 74 | 4 | 7 | 23 | 13 | 117 | 24 | 32 | 11 | 28 | 52 | 67 | 79 |
| Investments | 57 | 57 | 58 | 87 | 138 | 140 | 130 | 130 | 130 | 130 | 90 | 91 | 92 |
| 1,017 | 981 | 1,134 | 1,286 | 1,299 | 1,225 | 1,162 | 1,190 | 1,222 | 1,353 | 1,506 | 1,610 | 1,700 | |
| Total Assets | 1,438 | 1,450 | 1,593 | 1,794 | 1,852 | 1,883 | 1,882 | 1,925 | 1,945 | 2,095 | 2,232 | 2,350 | 2,505 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 100 | 107 | 132 | 172 | 109 | 175 | 171 | 217 | -22 | 169 | 217 | 111 | |
| -61 | -29 | -54 | -108 | 16 | -34 | -26 | -56 | 158 | -22 | -69 | 56 | |
| -63 | -64 | -66 | -73 | -106 | -144 | -172 | -146 | -124 | -134 | -157 | -177 | |
| Net Cash Flow | -24 | 14 | 12 | -9 | 20 | -4 | -27 | 15 | 12 | 13 | -10 | -10 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 57 | 49 | 53 | 60 | 58 | 57 | 65 | 69 | 56 | 57 | 66 | 70 |
| Inventory Days | 74 | 67 | 77 | 51 | 46 | 47 | 57 | 59 | 51 | 46 | 66 | 67 |
| Days Payable | 138 | 112 | 144 | 104 | 109 | 96 | 86 | 100 | 69 | 68 | 107 | 102 |
| Cash Conversion Cycle | -7 | 3 | -14 | 8 | -6 | 8 | 36 | 29 | 38 | 35 | 26 | 35 |
| Working Capital Days | 9 | 13 | 41 | 32 | 50 | 44 | 51 | 31 | 50 | 42 | 43 | 66 |
| ROCE % | 29% | 25% | 25% | 23% | 22% | 22% | 18% | 12% | 13% | 16% | 20% | 22% |
Documents
Announcements
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Closure of Trading Window
27 Jan - Board meeting on 6 Feb 2026 to approve Q3 and nine-month unaudited results for period ended 31 Dec 2025.
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Board Meeting Intimation for Prior Intimation For Board Meeting To Be Held On 6Th February, 2026
27 Jan - Board meeting 6 Feb 2026 to approve Q3/9M results; trading window closed from 1 Jan till 48 hours after results.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
14 Jan - SEBI Reg.74(5) certificate for quarter ended 31 Dec 2025 from KFin Technologies (Balmer Lawrie).
- Closure of Trading Window 24 Dec 2025
-
Disclosure Under Regulation 30 Of SEBI ('SEBI') (LODR) Regulations, 2015 (As Amended) ('Listing Regulations') - Change In Senior Management Of The Company
1 Dec 2025 - Ashok K. Gupta and Thiyagarajan S re-designated to Travel & Vacations leadership, effective 15 Oct 2025; term 1.29 years.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
from nse
Business Units