Balmer Lawrie Investment Ltd

Balmer Lawrie Investment Ltd

₹ 77.0 -1.14%
14 Nov - close price
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

Revenue Breakup
In FY21, dividend income from non-current investments accounted for ~91% of revenues and interest income from FDs accounted for the rest ~9% of revenues on standalone basis.[1]

  • Market Cap 1,710 Cr.
  • Current Price 77.0
  • High / Low 108 / 42.5
  • Stock P/E 17.6
  • Book Value 8.48
  • Dividend Yield 4.93 %
  • ROCE 50.8 %
  • ROE 49.5 %
  • Face Value 1.00

Pros

  • Company is almost debt free.
  • Stock is providing a good dividend yield of 4.93%.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 44.7%
  • Company has been maintaining a healthy dividend payout of 99.4%

Cons

  • Stock is trading at 9.08 times its book value
  • The company has delivered a poor sales growth of 2.35% over past five years.
  • 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
65 1 1 1 70 2 2 2 81 3 3 3 93
0 0 0 0 0 0 0 0 0 0 0 0 0
Operating Profit 65 1 1 1 70 2 2 2 81 2 2 2 92
OPM % 100% 81% 80% 81% 100% 87% 87% 89% 100% 88% 90% 89% 100%
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 65 1 1 1 70 2 2 2 81 2 2 2 92
Tax % 1% 26% 30% 26% 1% 26% 29% 26% 1% 26% 26% 26% 1%
64 1 1 1 70 1 2 1 81 2 2 2 92
EPS in Rs 2.90 0.04 0.04 0.04 3.14 0.06 0.07 0.07 3.63 0.08 0.08 0.08 4.13
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
33 37 38 38 42 56 79 87 87 69 76 89 101
0 0 0 1 1 1 1 1 1 2 1 1 1
Operating Profit 33 36 38 38 41 55 78 86 86 68 75 88 99
OPM % 99% 99% 99% 98% 98% 99% 99% 99% 99% 98% 99% 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 33 36 38 38 41 55 78 86 86 68 75 88 100
Tax % 5% 5% 5% 5% 5% 3% 3% 3% 2% 2% 2% 2%
31 34 36 36 39 54 76 84 85 67 73 86 97
EPS in Rs 1.40 1.55 1.61 1.60 1.75 2.42 3.42 3.76 3.81 3.00 3.31 3.86 4.37
Dividend Payout % 78% 77% 78% 78% 97% 99% 99% 100% 100% 100% 100% 99%
Compounded Sales Growth
10 Years: 9%
5 Years: 2%
3 Years: 1%
TTM: 14%
Compounded Profit Growth
10 Years: 10%
5 Years: 2%
3 Years: 0%
TTM: 14%
Stock Price CAGR
10 Years: 11%
5 Years: 14%
3 Years: 23%
1 Year: 78%
Return on Equity
10 Years: 44%
5 Years: 46%
3 Years: 45%
Last Year: 50%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 22 22 22 22 22 22 22 22 22 22 22 22 22
Reserves 45 53 61 69 107 123 146 154 155 138 145 157 166
0 0 0 0 0 0 0 0 0 0 0 0 0
26 28 29 30 2 2 3 3 3 3 2 2 6
Total Liabilities 93 103 112 120 132 148 172 179 181 163 169 182 194
0 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 0
Investments 33 33 33 33 33 33 33 33 33 33 33 33 33
60 70 80 88 99 115 139 146 148 130 136 149 161
Total Assets 93 103 112 120 132 148 172 179 181 163 169 182 194

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
31 34 35 36 39 53 54 76 83 84 67 74
0 0 0 0 0 0 0 0 0 0 0 0
-22 -24 -26 -27 -28 -37 -53 -75 -83 -84 -67 -73
Net Cash Flow 9 9 9 8 11 16 0 0 -0 0 0 1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
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 -260 -250 -250 -254 11 8 -14 -10 11 15 -9 -7
ROCE % 51% 51% 48% 43% 37% 40% 50% 50% 49% 40% 46% 51%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
59.67% 59.67% 59.67% 59.67% 59.67% 59.67% 59.67% 59.67% 59.67% 59.67% 59.67% 59.67%
4.27% 3.35% 1.25% 0.67% 0.66% 0.32% 0.38% 0.68% 0.82% 1.08% 1.33% 1.31%
0.14% 0.15% 0.14% 0.14% 0.14% 0.14% 0.14% 0.14% 0.14% 0.14% 0.14% 0.02%
35.91% 36.83% 38.93% 39.51% 39.51% 39.87% 39.81% 39.51% 39.37% 39.11% 38.85% 39.00%
No. of Shareholders 18,34820,10621,53723,57223,21723,26523,35926,51423,79422,80224,87341,756

* 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.

Click on the line-items to see the names of individual entities.

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