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 ₹ 3,019 Cr.
- Current Price ₹ 177
- High / Low ₹ 238 / 148
- Stock P/E 12.2
- Book Value ₹ 91.0
- Dividend Yield 4.81 %
- ROCE 21.9 %
- ROE 15.9 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 54.5%
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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | 2,699 | 2,766 | |
| 2,569 | 1,385 | 1,491 | 1,501 | 1,538 | 1,327 | 1,382 | 1,878 | 2,105 | 2,052 | 2,187 | 2,364 | 2,416 | |
| Operating Profit | 167 | 206 | 211 | 221 | 234 | 200 | 137 | 160 | 195 | 255 | 297 | 335 | 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% | 30% |
| 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: | 7% |
| 3 Years: | 6% |
| 1 Year: | -19% |
| Return on Equity | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 14% |
| 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 | 865 | |
| Total Liabilities | 1,450 | 1,593 | 1,794 | 1,852 | 1,883 | 1,882 | 1,925 | 1,945 | 2,095 | 2,232 | 2,350 | 2,565 |
| 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 | 1,712 | |
| Total Assets | 1,450 | 1,593 | 1,794 | 1,852 | 1,883 | 1,882 | 1,925 | 1,945 | 2,095 | 2,232 | 2,350 | 2,565 |
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 | 35 |
| Days Payable | 112 | 144 | 104 | 109 | 96 | 86 | 100 | 69 | 68 | 107 | 102 | 69 |
| Cash Conversion Cycle | 3 | -14 | 8 | -6 | 8 | 36 | 29 | 38 | 35 | 26 | 35 | 38 |
| 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 |
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| Cold Chain Reefer Vehicles Fleet number |
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| Industrial Packaging Market Share in MS Drums (210L/235L) % |
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| Greases & Lubricants Volume Growth (YoY) % |
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| Total Dealers/Distributors number |
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| Industrial Packaging Volume Growth (YoY) % |
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| Travel Tickets Issued lakhs |
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Extracted by Screener AI
Documents
Announcements
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Fine Imposed For The Quarter Ended On 30Th June, 2026 By BSE Limited For Certain Regulations Of SEBI (LODR) Regulations, 2015
- BSE imposed Rs.14.19 lakh fine for Q1 FY2026 board composition non-compliances; company seeks waiver.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper Publication regarding the Special Window from 5th February 2026 to 4th February 2027 for transfer and dematerialization (demat) of physical securities
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Announcement under Regulation 30 (LODR)-Meeting Updates
- Balmer Lawrie appointed Adv. Dominic Tadar and CA Vivek Mittal as additional independent directors; AGM 2026 notice revised.
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Announcement under Regulation 30 (LODR)-Change in Directorate
- Balmer Lawrie appointed two additional independent directors and revised 109th AGM 2026 notice and annual report.
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Announcement Under Regulation 30 Of SEBI
- Karnataka GST authority raised Rs18.28 crore demand for FY21, including tax, interest and penalty.
Annual reports
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Annual Report 2025
from bse
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Annual Report 2024
from bse
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Annual Report 2023
from bse
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Annual Report 2022
from bse
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Annual Report 2021
from bse
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Annual Report 2020
from bse
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Annual Report 2019
from bse
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Annual Report 2018
from bse
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Annual Report 2017
from bse
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Annual Report 2016
from bse
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Annual Report 2015
from bse
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Annual Report 2014
from bse
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Annual Report 2013
from bse
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Annual Report 2012
from bse
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Annual Report 2011
from nse
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.