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 ₹ 1,845 Cr.
- Current Price ₹ 108
- High / Low ₹ 146 / 103
- Stock P/E 13.7
- Book Value ₹ 92.8
- Dividend Yield 5.56 %
- ROCE 8.91 %
- ROE 8.61 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 1.16 times its book value
- Company is expected to give good quarter
- Company has been maintaining a healthy dividend payout of 81.78%
Cons
- The company has delivered a poor sales growth of 3.84% over past five years.
- Company has a low return on equity of 8.70% 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2,384 | 2,669 | 3,013 | 3,120 | 3,254 | 1,591 | 1,702 | 1,720 | 1,772 | 1,532 | 1,526 | 2,055 | |
2,185 | 2,456 | 2,779 | 2,908 | 3,031 | 1,386 | 1,492 | 1,502 | 1,539 | 1,342 | 1,385 | 1,886 | |
Operating Profit | 199 | 213 | 234 | 212 | 223 | 205 | 211 | 219 | 233 | 189 | 141 | 169 |
OPM % | 8% | 8% | 8% | 7% | 7% | 13% | 12% | 13% | 13% | 12% | 9% | 8% |
44 | 47 | 55 | 70 | 64 | 63 | 56 | 51 | 51 | 51 | 49 | 37 | |
Interest | 24 | 23 | 23 | 24 | 23 | 5 | 5 | 4 | 7 | 15 | 12 | 14 |
Depreciation | 31 | 35 | 38 | 35 | 46 | 24 | 26 | 27 | 30 | 52 | 55 | 56 |
Profit before tax | 188 | 202 | 229 | 222 | 218 | 240 | 236 | 238 | 247 | 173 | 123 | 137 |
Tax % | 32% | 27% | 27% | 30% | 30% | 32% | 34% | 31% | 35% | 32% | 33% | 35% |
Net Profit | 128 | 148 | 167 | 156 | 152 | 164 | 155 | 165 | 199 | 161 | 120 | 138 |
EPS in Rs | 7.51 | 8.67 | 9.79 | 9.09 | 8.89 | 9.58 | 9.05 | 9.66 | 11.65 | 9.43 | 7.04 | 8.07 |
Dividend Payout % | 33% | 31% | 30% | 27% | 34% | 35% | 52% | 69% | 63% | 80% | 85% | 81% |
Compounded Sales Growth | |
---|---|
10 Years: | -3% |
5 Years: | 4% |
3 Years: | 5% |
TTM: | 35% |
Compounded Profit Growth | |
---|---|
10 Years: | -1% |
5 Years: | -3% |
3 Years: | -12% |
TTM: | 17% |
Stock Price CAGR | |
---|---|
10 Years: | 7% |
5 Years: | -6% |
3 Years: | -4% |
1 Year: | -22% |
Return on Equity | |
---|---|
10 Years: | 12% |
5 Years: | 10% |
3 Years: | 9% |
Last Year: | 9% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 634 | 742 | 847 | 953 | 1,015 | 1,210 | 1,247 | 1,342 | 1,406 | 1,383 | 1,371 | 1,417 |
205 | 210 | 196 | 175 | 197 | 0 | 0 | 15 | 81 | 120 | 125 | 122 | |
633 | 657 | 668 | 724 | 670 | 559 | 669 | 720 | 682 | 660 | 712 | 737 | |
Total Liabilities | 1,489 | 1,625 | 1,726 | 1,880 | 1,911 | 1,798 | 2,030 | 2,191 | 2,282 | 2,334 | 2,379 | 2,446 |
373 | 415 | 452 | 464 | 577 | 393 | 397 | 410 | 568 | 770 | 767 | 768 | |
CWIP | 44 | 12 | 12 | 77 | 12 | 11 | 63 | 138 | 117 | 24 | 32 | 11 |
Investments | 0 | 0 | 0 | 0 | 0 | 248 | 271 | 293 | 325 | 375 | 386 | 436 |
1,072 | 1,198 | 1,262 | 1,339 | 1,322 | 1,146 | 1,299 | 1,350 | 1,272 | 1,165 | 1,194 | 1,231 | |
Total Assets | 1,489 | 1,625 | 1,726 | 1,880 | 1,911 | 1,798 | 2,030 | 2,191 | 2,282 | 2,334 | 2,379 | 2,446 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
105 | 140 | 201 | 167 | 201 | 150 | 181 | 129 | 194 | 189 | 244 | -22 | |
-61 | -16 | -45 | -76 | -42 | -71 | -117 | -19 | -137 | -60 | -80 | 158 | |
-40 | -69 | -101 | -131 | -143 | -66 | -73 | -86 | -78 | -162 | -149 | -124 | |
Net Cash Flow | 3 | 56 | 55 | -40 | 16 | 13 | -9 | 24 | -21 | -34 | 15 | 12 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 60 | 60 | 54 | 62 | 53 | 53 | 60 | 57 | 57 | 65 | 69 | 56 |
Inventory Days | 55 | 53 | 45 | 48 | 48 | 77 | 51 | 46 | 47 | 57 | 59 | 51 |
Days Payable | 55 | 50 | 48 | 53 | 44 | 144 | 104 | 108 | 96 | 88 | 100 | 69 |
Cash Conversion Cycle | 59 | 63 | 51 | 57 | 56 | -14 | 8 | -4 | 8 | 35 | 28 | 38 |
Working Capital Days | 22 | 28 | 24 | 31 | 33 | -9 | 30 | 40 | 44 | 52 | 31 | 51 |
ROCE % | 26% | 25% | 25% | 22% | 20% | 20% | 18% | 17% | 16% | 11% | 8% | 9% |
Documents
Announcements
- Closure of Trading Window 28 Jun
- Disclosure Under Regulation 23(9) Of The SEBI (LODR) Regulations, 2015 ('Listing Regulations') W.R.T Related Party Transactions For The Period Ended On 31St March, 2022 10 Jun
- Disclosure Under Regulation 30 Of SEBI ('SEBI') (LODR) Regulations, 2015 ('Listing Regulations') - Appointment Of Cost Auditor Of The Company For Three Financial Years From 2022-23 To 2024-25 27 May
- Certificate from CEO/CFO 27 May
- Certificate from CEO/CFO 27 May
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
from nse
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Financial Year 2010
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Financial Year 2010
from nse
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]