Balmer Lawrie Investment Ltd

₹ 63.9 -0.96%

21 Oct 3:29 p.m.

About

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]

Key Points

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.

Website BSE NSE

Market Cap ₹ 1,418 Cr.
Current Price ₹ 63.9
High / Low ₹ 81.2 / 63.6
Stock P/E 7.91
Book Value ₹ 64.8
Dividend Yield 6.74 %
ROCE 16.9 %
ROE 12.7 %
Face Value ₹ 1.00

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Pros

Stock is trading at 0.97 times its book value
Stock is providing a good dividend yield of 6.68%.
Company has been maintaining a healthy dividend payout of 54.6%

Cons

The company has delivered a poor sales growth of 11.9% over past five years.
Company has a low return on equity of 12.9% 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

Financial Services Financial Services Finance Holding Company

Part of BSE CPSE BSE Financial Services

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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
	594	587	587	579	641	642	633	611	683	638	659	746	751
	528	511	511	485	574	569	547	514	598	568	571	630	649
Operating Profit	67	77	76	94	66	73	86	97	86	70	88	116	102
OPM %	11%	13%	13%	16%	10%	11%	14%	16%	13%	11%	13%	16%	14%
	24	28	27	30	31	29	22	33	25	27	25	37	25
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	70	85	83	103	76	82	84	107	89	75	86	115	95
Tax %	18%	25%	19%	27%	15%	24%	24%	30%	22%	24%	22%	27%	23%
	57	64	68	75	65	63	64	75	69	57	67	85	73
EPS in Rs	1.66	1.83	1.94	2.14	1.86	1.82	1.88	2.17	2.01	1.66	1.93	2.44	2.05
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	1,817	1,573	1,563	2,074	2,335	2,373	2,545	2,746	2,795
	1,547	1,347	1,413	1,883	2,110	2,024	2,193	2,356	2,418
Operating Profit	270	226	150	191	225	349	352	389	377
OPM %	15%	14%	10%	9%	10%	15%	14%	14%	13%
	58	59	79	65	81	52	85	86	115
Interest	7	15	12	14	18	22	27	33	40
Depreciation	30	52	55	57	57	59	60	76	81
Profit before tax	290	218	162	186	232	319	350	365	371
Tax %	30%	26%	26%	26%	26%	24%	24%	24%
	202	161	121	137	172	242	267	278	281
EPS in Rs	5.79	4.76	3.59	3.97	5.00	6.96	7.73	8.04	8.08
Dividend Payout %	59%	79%	106%	75%	66%	55%	56%	54%

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

Compounded Profit Growth
10 Years:	%
5 Years:	18%
3 Years:	17%
TTM:	2%

Stock Price CAGR
10 Years:	7%
5 Years:	9%
3 Years:	17%
1 Year:	-20%

Return on Equity
10 Years:	%
5 Years:	11%
3 Years:	13%
Last Year:	13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	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
Reserves	1,052	1,081	1,076	1,094	1,117	1,199	1,354	1,417
	81	122	125	122	121	113	106	220
	1,266	1,256	1,304	1,340	1,540	1,691	1,723	1,859
Total Liabilities	2,420	2,482	2,527	2,578	2,801	3,025	3,204	3,518
	568	770	767	767	760	751	737	883
CWIP	117	24	32	11	28	52	67	34
Investments	325	375	386	436	518	565	632	730
	1,410	1,313	1,341	1,364	1,495	1,657	1,769	1,871
Total Assets	2,420	2,482	2,527	2,578	2,801	3,025	3,204	3,518

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	177	187	247	23	206	280	164	294
	-137	-60	-80	137	-48	-117	9	-35
	-61	-159	-153	-148	-145	-172	-183	-265
Net Cash Flow	-21	-32	14	12	13	-9	-10	-5
Free Cash Flow	-24	139	204	6	156	228	98	230
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	98%	109%	186%	37%	111%	99%	74%	100%

Ratios

Consolidated / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	56	63	67	55	56	66	69	71
Inventory Days	47	58	58	51	47	47	43	36
Days Payable	0	88	99	68	69	75	66	72
Cash Conversion Cycle	102	33	27	38	35	37	46	35
Working Capital Days	42	51	32	51	41	42	62	62
ROCE %		13%	9%	11%	13%	17%	17%	17%

Insights

In beta

Mar 2019

Mar 2020

Mar 2021

Mar 2022

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Mar 2024

Mar 2025

Mar 2026

BL Industrial Packaging Share of External Revenue
%

xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx
x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	xx.xx	xx.xx
		xx	xx	xx	xxx	xx	xxx
		xxx	xxx	xx	xx	xx	xxx
		xx	xx	xx			xxx
					x,xxx	x,xxx	x,xxx
					x,xxx	x,xxx	x,xxx
		xx	xx	xxx

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BL Travel & Vacations Share of External Revenue
%

VPLPL Mechanised/Ambient Warehouse Capacity Utilization
%

VPLPL Rakes Handled
rakes

VPLPL Open Yard Capacity Utilization
%

VPLPL Container Freight Station Export TEUs
TEUs

VPLPL Container Freight Station Import TEUs
TEUs

VPLPL Temperature-Controlled Warehouse Capacity Utilization
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	59.67%	59.67%	59.67%	59.67%	59.67%	59.67%	59.67%	59.67%	59.67%	59.67%	59.67%	59.67%
	0.82%	1.08%	1.33%	1.31%	1.14%	1.12%	1.10%	1.10%	1.06%	1.06%	0.95%	0.87%
	0.14%	0.14%	0.14%	0.02%	0.02%	0.07%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%
	39.37%	39.11%	38.85%	39.00%	39.16%	39.14%	39.19%	39.20%	39.23%	39.24%	39.34%	39.42%
No. of Shareholders	23,794	22,802	24,873	41,756	48,459	52,235	51,431	51,746	51,122	51,757	51,689	51,864

	Dec 2015	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Sep 2026
	59.67%	59.67%	59.67%	59.67%	59.67%	59.67%	59.67%	59.67%	59.67%	59.67%	59.67%	59.67%
	5.79%	5.28%	6.04%	5.90%	6.27%	5.73%	3.35%	0.32%	1.08%	1.12%	1.06%	0.87%
	1.33%	1.33%	1.33%	1.28%	0.15%	0.15%	0.15%	0.14%	0.14%	0.07%	0.03%	0.03%
	33.21%	33.71%	32.96%	33.15%	33.90%	34.45%	36.83%	39.87%	39.11%	39.14%	39.24%	39.42%
No. of Shareholders	12,496	12,794	11,106	11,219	11,694	13,160	20,106	23,265	22,802	52,235	51,757	51,864

* 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 Investment Ltd

Balmer Lawrie Investment Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

Documents

Announcements

Annual reports