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 ₹ 2,074 Cr.
- Current Price ₹ 121
- High / Low ₹ 146 / 103
- Stock P/E 14.7
- Book Value ₹ 77.2
- Dividend Yield 5.36 %
- ROCE 13.1 %
- ROE 9.35 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 83.7%
Cons
- The company has delivered a poor sales growth of 3.71% over past five years.
- Company has a low return on equity of 10.6% for 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
Sector: Diversified Industry: Diversified - Large
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2,006 | 2,282 | 2,576 | 2,622 | 2,736 | 1,591 | 1,702 | 1,722 | 1,772 | 1,527 | 1,519 | 2,042 | 2,204 | |
1,850 | 2,124 | 2,390 | 2,457 | 2,569 | 1,385 | 1,491 | 1,501 | 1,538 | 1,327 | 1,382 | 1,882 | 2,020 | |
Operating Profit | 156 | 157 | 186 | 165 | 167 | 206 | 211 | 221 | 234 | 200 | 137 | 160 | 184 |
OPM % | 8% | 7% | 7% | 6% | 6% | 13% | 12% | 13% | 13% | 13% | 9% | 8% | 8% |
42 | 53 | 59 | 80 | 75 | 63 | 73 | 71 | 79 | 82 | 71 | 62 | 61 | |
Interest | 4 | 5 | 4 | 6 | 5 | 5 | 5 | 4 | 6 | 8 | 5 | 6 | 6 |
Depreciation | 12 | 15 | 17 | 20 | 26 | 24 | 26 | 27 | 27 | 42 | 46 | 47 | 47 |
Profit before tax | 181 | 190 | 224 | 220 | 210 | 240 | 254 | 261 | 280 | 232 | 157 | 170 | 192 |
Tax % | 33% | 27% | 27% | 29% | 30% | 32% | 33% | 29% | 33% | 24% | 26% | 28% | |
Net Profit | 121 | 138 | 163 | 157 | 147 | 164 | 170 | 185 | 188 | 177 | 116 | 123 | 141 |
EPS in Rs | 7.09 | 8.08 | 9.53 | 9.15 | 8.61 | 9.60 | 9.97 | 10.81 | 11.02 | 10.36 | 6.81 | 7.18 | 8.26 |
Dividend Payout % | 35% | 33% | 31% | 33% | 35% | 35% | 47% | 62% | 67% | 72% | 88% | 91% |
Compounded Sales Growth | |
---|---|
10 Years: | -1% |
5 Years: | 4% |
3 Years: | 5% |
TTM: | 27% |
Compounded Profit Growth | |
---|---|
10 Years: | -1% |
5 Years: | -6% |
3 Years: | -13% |
TTM: | -3% |
Stock Price CAGR | |
---|---|
10 Years: | 8% |
5 Years: | -5% |
3 Years: | 2% |
1 Year: | -6% |
Return on Equity | |
---|---|
10 Years: | 15% |
5 Years: | 12% |
3 Years: | 11% |
Last Year: | 9% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
16 | 16 | 16 | 28 | 28 | 28 | 114 | 114 | 114 | 171 | 171 | 171 | |
Reserves | 518 | 603 | 707 | 791 | 875 | 1,036 | 1,052 | 1,142 | 1,186 | 1,149 | 1,137 | 1,149 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 15 | 15 | 35 | 35 | 27 | |
530 | 543 | 550 | 619 | 546 | 528 | 628 | 581 | 568 | 528 | 582 | 598 | |
Total Liabilities | 1,064 | 1,162 | 1,273 | 1,438 | 1,450 | 1,593 | 1,794 | 1,852 | 1,883 | 1,882 | 1,925 | 1,945 |
188 | 228 | 263 | 290 | 407 | 393 | 396 | 401 | 402 | 566 | 573 | 582 | |
CWIP | 33 | 6 | 9 | 74 | 4 | 7 | 23 | 13 | 117 | 24 | 32 | 11 |
Investments | 57 | 45 | 55 | 57 | 57 | 58 | 87 | 138 | 140 | 130 | 130 | 130 |
785 | 883 | 945 | 1,017 | 981 | 1,134 | 1,286 | 1,299 | 1,225 | 1,162 | 1,190 | 1,222 | |
Total Assets | 1,064 | 1,162 | 1,273 | 1,438 | 1,450 | 1,593 | 1,794 | 1,852 | 1,883 | 1,882 | 1,925 | 1,945 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
79 | 100 | 126 | 100 | 107 | 132 | 172 | 109 | 175 | 171 | 217 | -22 | |
-33 | 1 | -17 | -61 | -29 | -54 | -108 | 16 | -34 | -26 | -56 | 158 | |
-46 | -52 | -55 | -63 | -64 | -66 | -73 | -106 | -144 | -172 | -146 | -124 | |
Net Cash Flow | -0 | 49 | 54 | -24 | 14 | 12 | -9 | 20 | -4 | -27 | 15 | 12 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 56 | 57 | 51 | 57 | 49 | 53 | 60 | 58 | 57 | 65 | 69 | 56 |
Inventory Days | 79 | 69 | 67 | 74 | 67 | 77 | 51 | 46 | 47 | 57 | 59 | 51 |
Days Payable | 146 | 161 | 119 | 138 | 112 | 144 | 104 | 109 | 96 | 86 | 100 | 69 |
Cash Conversion Cycle | -10 | -35 | -2 | -7 | 3 | -14 | 8 | -6 | 8 | 36 | 29 | 38 |
Working Capital Days | -1 | 6 | 6 | 9 | 13 | 41 | 32 | 51 | 44 | 53 | 32 | 51 |
ROCE % | 37% | 34% | 34% | 29% | 25% | 25% | 23% | 22% | 22% | 18% | 12% | 13% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
8 Aug - Copies of Newspaper Advertisement published on the subject, 'Notice for Transfer of Equity Shares of the Company to Demat Account of the Investor Education and …
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Outcome Of The Board Meeting
5 Aug - Unaudited Financial Results (both Standalone and Consolidated) for the First Quarter ended on 30th June, 2022 2.Change in Directorate 3. Fixation of date of 105th …
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Announcement under Regulation 30 (LODR)-Change in Directorate
5 Aug - In furtherance to letter No. CA-31024/1/2019-PNG (30909) dated 14.07.22 received from the (MoPNG), Government of India, being the Administrative Ministry and in line with recommendation …
- Fixation Of Date Of 105Th Annual General Meeting And Other Related Matters 5 Aug
- Closure Of Register Of Members And The Share Transfer Books For The Purpose Of Dividend, If Declared At The AGM 5 Aug
Annual reports
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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
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Financial Year 2011
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Financial Year 2010
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Financial Year 2010
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Industrial Packaging (~35% of revenues)[1]
The company manufactures different types of high quality Industrial packaging products ranging from open-head, tight-head, plain, lacquered, composite, galvanized, Tall, Necked-in and conical drums catering to diverse industry segments. It is the market leader in industrial packaging industry in India with a market share of ~34%.[2]
It owns and operates 6 manufacturing units under this segment located at Asaoti (Haryana), Chennai (Tamil Nadu), Chittoor (AP), Navi Mumbai, Silvassa (Gujarat) and Vadodara (Gujarat).[3]