Balmer Lawrie & Company Ltd

₹ 176 0.77%

05 Aug - close price

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 ₹ 3,006 Cr.
Current Price ₹ 176
High / Low ₹ 238 / 148
Stock P/E 10.8
Book Value ₹ 121
Dividend Yield 4.84 %
ROCE 14.6 %
ROE 13.7 %
Face Value ₹ 10.0

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Pros

Company has been maintaining a healthy dividend payout of 47.2%

Cons

Company has a low return on equity of 13.8% 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.

Peer comparison

Diversified Diversified Diversified Diversified

Part of BSE 1000 BSE Industrials

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	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
	592	586	585	577	638	639	630	608	681	635	657	744	749
	528	511	511	485	574	569	546	514	597	568	571	630	649
Operating Profit	65	75	74	91	64	70	84	95	83	67	86	114	100
OPM %	11%	13%	13%	16%	10%	11%	13%	16%	12%	11%	13%	15%	13%
	10	13	11	18	12	11	9	18	9	11	7	20	11
Interest	6	5	5	6	6	5	9	6	7	7	10	10	13
Depreciation	15	14	14	15	14	14	15	16	14	16	18	28	20
Profit before tax	54	69	64	88	56	62	68	90	71	55	65	95	78
Tax %	22%	31%	24%	31%	20%	30%	29%	35%	27%	31%	28%	32%	28%
	56	63	66	73	63	61	62	74	67	55	65	83	71
EPS in Rs	3.35	3.73	3.90	4.31	3.73	3.66	3.77	4.39	4.03	3.31	3.89	4.94	4.18
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	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
	3,254	1,591	1,702	1,720	1,772	1,532	1,526	2,051	2,312	2,328	2,505	2,717	2,785
	3,031	1,386	1,492	1,502	1,539	1,342	1,385	1,882	2,109	2,023	2,192	2,366	2,418
Operating Profit	223	205	211	219	233	189	141	169	202	305	313	351	367
OPM %	7%	13%	12%	13%	13%	12%	9%	8%	9%	13%	12%	13%	13%
	64	63	56	51	51	51	49	37	37	51	50	46	48
Interest	23	5	5	4	7	15	12	14	18	22	27	33	40
Depreciation	46	24	26	27	30	52	55	57	57	59	60	76	81
Profit before tax	218	240	236	238	247	173	123	136	164	274	276	288	294
Tax %	30%	32%	34%	31%	35%	32%	33%	35%	35%	27%	29%	30%
	152	164	155	165	197	155	115	134	168	236	259	270	274
EPS in Rs	8.89	9.58	9.05	9.66	11.65	9.43	7.04	8.05	10.05	14.02	15.55	16.18	16.32
Dividend Payout %	34%	35%	52%	69%	63%	80%	85%	81%	75%	61%	55%	26%

Compounded Sales Growth
10 Years:	6%
5 Years:	12%
3 Years:	6%
TTM:	9%

Compounded Profit Growth
10 Years:	5%
5 Years:	18%
3 Years:	17%
TTM:	3%

Stock Price CAGR
10 Years:	5%
5 Years:	5%
3 Years:	5%
1 Year:	-16%

Return on Equity
10 Years:	12%
5 Years:	12%
3 Years:	14%
Last Year:	14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	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	1,015	1,210	1,247	1,342	1,406	1,383	1,371	1,416	1,510	1,650	1,798	1,898
	197	0	0	15	81	120	125	122	121	113	106	220
	670	559	669	720	682	660	712	736	860	939	966	1,061
Total Liabilities	1,911	1,798	2,030	2,191	2,282	2,334	2,379	2,445	2,662	2,873	3,040	3,349
	577	393	397	410	568	770	767	767	760	751	737	883
CWIP	12	11	63	138	117	24	32	11	28	52	67	34
Investments	0	248	271	293	325	375	386	436	518	565	632	730
	1,322	1,146	1,299	1,350	1,272	1,165	1,194	1,231	1,356	1,505	1,604	1,702
Total Assets	1,911	1,798	2,030	2,191	2,282	2,334	2,379	2,445	2,662	2,873	3,040	3,349

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	201	150	181	129	194	189	244	2	208	274	156	289
	-42	-71	-117	-19	-137	-60	-80	137	-48	-105	23	-38
	-143	-66	-73	-86	-78	-162	-149	-127	-147	-178	-189	-259
Net Cash Flow	16	13	-9	24	-21	-34	15	12	12	-9	-10	-7
Free Cash Flow	110	111	103	26	-1	140	200	-16	158	222	90	225
CFO/OP	123%	116%	126%	94%	119%	129%	191%	28%	127%	111%	80%	107%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	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	53	53	60	57	57	65	69	56	57	67	70	72
Inventory Days	48	77	51	46	47	57	59	51	46	66	67	35
Days Payable	44	144	104	108	96	88	100	69	68	108	104	71
Cash Conversion Cycle	56	-14	8	-4	8	35	28	38	35	25	33	35
Working Capital Days	23	-24	30	39	44	49	30	49	39	39	62	59
ROCE %	20%	20%	18%	17%	16%	11%	8%	8%	10%	16%	15%	15%

Insights

In beta

Mar 2016

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Mar 2025

CFS Volumes Moved to CFS from Port (YoY Growth)
% ・Standalone data

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Cold Chain Temperature-Controlled Warehouses (TCWs)
number ・Standalone data

Cold Chain Reefer Vehicles Fleet
number ・Standalone data

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

Greases & Lubricants Volume Growth (YoY)
% ・Standalone data

Total Dealers/Distributors
number ・Standalone data

Industrial Packaging Volume Growth (YoY)
% ・Standalone data

Travel Tickets Issued
lakhs ・Standalone data

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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