Balmer Lawrie Investment Ltd
Balmer Lawrie Investments Ltd is a Government Enterprise. It’s a major stakeholder of Balmer Lawrie & Co. Ltd. The company along with its subsidiaries is engaged in the business of Industrial Packaging, Greases & Lubricants, Leather Chemicals, etc. [1]
- Market Cap ₹ 1,457 Cr.
- Current Price ₹ 65.6
- High / Low ₹ 79.5 / 62.0
- Stock P/E 10.3
- Book Value ₹ 8.72
- Dividend Yield 6.55 %
- ROCE 75.0 %
- ROE 73.8 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Stock is providing a good dividend yield of 6.55%.
- Company has a good return on equity (ROE) track record: 3 Years ROE 58.9%
- Company has been maintaining a healthy dividend payout of 88.0%
Cons
- Stock is trading at 7.53 times its book value
- Tax rate seems low
* 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
Financial Services Financial Services Finance Holding Company
Part of BSE CPSE BSE Financial Services
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 38 | 38 | 42 | 56 | 79 | 87 | 87 | 69 | 76 | 89 | 101 | 146 | 145 | |
| Sales growth | +4% | +0% | +9% | +34% | +41% | +10% | +0% | -20% | +10% | +17% | +14% | +44% | +43% |
| 0 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 2 | 1 | 1 | |
| Operating Profit | 38 | 38 | 41 | 55 | 78 | 86 | 86 | 68 | 75 | 88 | 100 | 144 | 144 |
| OPM % | 99% | 98% | 98% | 99% | 99% | 99% | 99% | 98% | 99% | 99% | 98% | 99% | 99% |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 38 | 38 | 41 | 55 | 78 | 86 | 86 | 68 | 75 | 88 | 100 | 145 | 144 |
| Tax % | 5% | 5% | 5% | 3% | 3% | 3% | 2% | 2% | 2% | 2% | 3% | 2% | |
| 36 | 36 | 39 | 54 | 76 | 84 | 85 | 67 | 73 | 86 | 97 | 142 | 142 | |
| EPS in Rs | 1.61 | 1.60 | 1.75 | 2.42 | 3.42 | 3.76 | 3.81 | 3.00 | 3.31 | 3.86 | 4.37 | 6.41 | 6.39 |
| Dividend Payout % | 78% | 78% | 97% | 99% | 99% | 100% | 100% | 100% | 100% | 99% | 98% | 67% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 11% |
| 3 Years: | 24% |
| TTM: | 43% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 11% |
| 3 Years: | 25% |
| TTM: | 46% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 10% |
| 3 Years: | 16% |
| 1 Year: | -14% |
| Return on Equity | |
|---|---|
| 10 Years: | 49% |
| 5 Years: | 53% |
| 3 Years: | 59% |
| Last Year: | 74% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 |
| Reserves | 61 | 69 | 107 | 123 | 146 | 154 | 155 | 138 | 145 | 157 | 170 | 171 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 29 | 30 | 2 | 2 | 3 | 3 | 3 | 3 | 2 | 2 | 2 | 4 | |
| Total Liabilities | 112 | 120 | 132 | 148 | 172 | 179 | 181 | 163 | 169 | 182 | 194 | 198 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 |
| 80 | 88 | 99 | 115 | 139 | 146 | 148 | 130 | 136 | 149 | 161 | 165 | |
| Total Assets | 112 | 120 | 132 | 148 | 172 | 179 | 181 | 163 | 169 | 182 | 194 | 198 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 35 | 36 | 39 | 53 | 54 | 76 | 83 | 84 | 67 | 85 | 98 | 139 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -11 | -13 | 3 | |
| -26 | -27 | -28 | -37 | -53 | -75 | -83 | -84 | -67 | -73 | -84 | -141 | |
| Net Cash Flow | 9 | 8 | 11 | 16 | 0 | 0 | -0 | 0 | 0 | 1 | -0 | 2 |
| Free Cash Flow | 35 | 36 | 39 | 53 | 54 | 76 | 83 | 84 | 67 | 85 | 98 | 139 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 100% | 100% | 99% | 100% | 71% | 91% | 104% | 127% | 89% | 100% | 100% | 101% |
Ratios
Standalone / View Consolidated
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Capital Days | -250 | -254 | 11 | 8 | -14 | -10 | 11 | 15 | -9 | -7 | -8 | 2 |
| ROCE % | 48% | 43% | 37% | 40% | 50% | 50% | 49% | 40% | 46% | 51% | 54% | 75% |
Insights
In beta| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| BL Industrial Packaging Share of External Revenue % |
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| BL Travel & Vacations Share of External Revenue % |
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| VPLPL Mechanised/Ambient Warehouse Capacity Utilization % |
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| VPLPL Rakes Handled rakes |
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| VPLPL Open Yard Capacity Utilization % |
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| VPLPL Container Freight Station Export TEUs TEUs |
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| VPLPL Container Freight Station Import TEUs TEUs |
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| VPLPL Temperature-Controlled Warehouse Capacity Utilization % |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Meeting Updates
- Board noted BSE fines for Q1 ended 30 June 2026 non-compliance and sought waiver.
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Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s
- C&AG appoints M/s K. K. Chanani & Associates as statutory auditor for FY 2026-27, effective 10 November 2026.
- Results- Financial Results For 30.09.2026
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Board Meeting Outcome for Outcome Of Board Meeting Held On 10Th November, 2026
- Board approved Q2/H1 FY27 unaudited standalone and consolidated results; appointed K.K. Chanani & Associates as auditor.
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Board Meeting Intimation for (I) Consideration Of Unaudited Financial Results (Both Standalone And Consolidated) For The Second Quarter And Half Year Of Financial Year 2026-27 Ended On 30Th September, 2026;
(Ii) Closure Of Trading Window
- Board meets 10 November 2026 to consider Q2 and half-year FY27 unaudited results; trading window stays closed.
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
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Formation of Company[1]
As part of oil sector deregulation, the Government of India disinvested ~33.6% from IBP (Indo Burma Petrol) Co (from ~60% holding) and demerged IBP’s stake in Balmer Lawrie & Company Ltd to Balmer Lawrie Investments Ltd (incorporated in 2001). The President of India currently holds ~60% equity in the company, which operates under the Ministry of Petroleum & Natural Gas.