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 10.9
- Book Value ₹ 121
- Dividend Yield 4.81 %
- ROCE 14.6 %
- ROE 13.7 %
- Face Value ₹ 10.0
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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3,254 | 1,591 | 1,702 | 1,720 | 1,772 | 1,532 | 1,526 | 2,051 | 2,312 | 2,328 | 2,505 | 2,717 | |
| 3,031 | 1,386 | 1,492 | 1,502 | 1,539 | 1,342 | 1,385 | 1,882 | 2,109 | 2,023 | 2,192 | 2,366 | |
| Operating Profit | 223 | 205 | 211 | 219 | 233 | 189 | 141 | 169 | 202 | 305 | 313 | 351 |
| OPM % | 7% | 13% | 12% | 13% | 13% | 12% | 9% | 8% | 9% | 13% | 12% | 13% |
| 64 | 63 | 56 | 51 | 51 | 51 | 49 | 37 | 37 | 51 | 50 | 46 | |
| Interest | 23 | 5 | 5 | 4 | 7 | 15 | 12 | 14 | 18 | 22 | 27 | 33 |
| Depreciation | 46 | 24 | 26 | 27 | 30 | 52 | 55 | 57 | 57 | 59 | 60 | 76 |
| Profit before tax | 218 | 240 | 236 | 238 | 247 | 173 | 123 | 136 | 164 | 274 | 276 | 288 |
| 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 | |
| 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 |
| 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: | 8% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 18% |
| 3 Years: | 17% |
| TTM: | 4% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 5% |
| 3 Years: | 9% |
| 1 Year: | -18% |
| 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 | 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) % ・Standalone data |
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| Cold Chain Temperature-Controlled Warehouses (TCWs) number ・Standalone data |
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| Cold Chain Reefer Vehicles Fleet number ・Standalone data |
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| Industrial Packaging Market Share in MS Drums (210L/235L) % ・Standalone data |
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| Greases & Lubricants Volume Growth (YoY) % ・Standalone data |
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| Total Dealers/Distributors number ・Standalone data |
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| Industrial Packaging Volume Growth (YoY) % ・Standalone data |
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| Travel Tickets Issued lakhs ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
1d - Regulation 74(5) certificate submitted for quarter ended 30 June 2026.
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Disclosure Under Reg 30 And Reg 33 Of SEBI (LODR) Regulations, 2015 - Submission Of Revised Statutory Auditor Report On The Consolidated Financial Statements Of The Company For The Period Ended On 31St March, 2026
7 Jul - Balmer Lawrie issued revised FY26 consolidated auditor report after CAG observations, including Rs67.15 lakh fines.
-
Announcement Under Regulation 30 Of SEBI (LODR) Regulations, 2015- Change In Senior Management Of The Company
30 Jun - Amitava Bandyopadhyay ceases as Senior Vice President (Technical) from 1 July 2026 upon superannuation.
-
Announcement under Regulation 30 (LODR)-Meeting Updates
27 Jun - Board noted BSE/NSE fines for March 2026 non-compliance and sought waiver.
-
Closure of Trading Window
24 Jun - Trading window closed from 1 July 2026 until 48 hours after Q1 FY2026-27 results.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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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
from bse
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Financial Year 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.