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 ₹ 2,992 Cr.
- Current Price ₹ 175
- High / Low ₹ 238 / 148
- Stock P/E 10.8
- Book Value ₹ 121
- Dividend Yield 4.86 %
- 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: | 4% |
| 3 Years: | 8% |
| 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 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Number of Employees Number ・Standalone data |
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| Production and Sales Volume of Steel Barrels and Drums Lakhs of Units ・Standalone data |
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| Greases & Lubricating Oils Sales Volume MT ・Standalone data |
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| Market Share in 210L MS Drums Industry % ・Standalone data |
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| Cold Chain Capacity Utilization (Ambient Warehouse) % |
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| Power Consumption per MT/KL (Greases & Lubricants) Units ・Standalone data |
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| Air Ticketing User Base Number (Lakhs) ・Standalone data |
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| Logistics Infrastructure Rail Rakes Handled Number ・Standalone data |
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| Number of Air Tickets Issued (SBU: Travel) Lakhs ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Representation For Waiver Of Fines Imposed By National Stock Exchange Of India Limited (NSE Ltd.) For Non-Compliance With Certain Regulation(S) Of SEBI (LODR) Regulations 2015 (Listing Regulations) For The Quarter Ended On 31St March 2026
1 Jun - NSE imposed Rs.7,50,480 fine on 1 June 2026 for Board and committee non-compliances.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
29 May - FY26 secretarial compliance report notes board non-compliance and fines from BSE/NSE; reports issued 29 May 2026.
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Disclosure Under Regulation 30 Read With Point 20 (B) Of Para A Of Part A Of Schedule III Of SEBI (LODR) Regulations, 2015 - Fines Imposed By BSE Limited On The Company For The Quarter Ended On 31St March, 2026
27 May - BSE imposed Rs. 7,50,480 fine for Q4 FY26 listing non-compliances; company seeks waiver.
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Announcement Under Regulation 30 Of SEBI (''SEBI'') (LODR) Regulations, 2015 (As Amended) (''Listing Regulations'') - Change In Senior Management Of The Company
19 May - Shri Sushil Dugar ceases senior management, effective 19 May 2026, after role change to Officer on Special Duty.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
17 May - FY26 PAT rose 5.53% to Rs 245.68 crore; final dividend 42.50% recommended.
Annual reports
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Financial Year 2025
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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
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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.