Balmer Lawrie Investment Ltd

₹ 98.3 1.92%

28 Aug - 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]

Website BSE

Market Cap ₹ 2,182 Cr.
Current Price ₹ 98.3
High / Low ₹ 108 / 38.6
Stock P/E 12.7
Book Value ₹ 55.0
Dividend Yield 3.87 %
ROCE 17.8 %
ROE 14.4 %
Face Value ₹ 1.00

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Pros

Company is almost debt free.
Stock is providing a good dividend yield of 3.87%.
Company has been maintaining a healthy dividend payout of 63.9%

Cons

The company has delivered a poor sales growth of 5.27% over past five years.
Company has a low return on equity of 10.8% over last 3 years.
Earnings include an other income of Rs.116 Cr.

* 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: Finance Industry: Finance & Investments

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
	488	490	506	577	649	553	516	610	594	587	587	579	641
	450	457	470	518	587	513	464	556	528	511	511	485	574
Operating Profit	37	34	37	58	62	40	52	55	67	77	76	94	66
OPM %	8%	7%	7%	10%	10%	7%	10%	9%	11%	13%	13%	16%	10%
	25	18	14	33	24	24	15	35	24	28	27	30	31
Interest	4	3	4	3	5	4	5	5	6	5	5	6	6
Depreciation	14	14	14	14	14	14	14	14	15	14	14	15	14
Profit before tax	44	35	33	74	68	46	47	70	70	85	83	103	76
Tax %	18%	22%	17%	36%	17%	24%	22%	38%	18%	25%	19%	27%	15%
	36	27	27	47	56	35	37	44	57	64	68	75	65
EPS in Rs	1.05	0.79	0.80	1.35	1.60	1.02	1.10	1.27	1.66	1.83	1.94	2.14	1.86
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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	TTM
	1,817	1,573	1,563	2,074	2,335	2,348	2,394
	1,547	1,347	1,413	1,883	2,110	2,035	2,082
Operating Profit	270	226	150	191	225	313	313
OPM %	15%	14%	10%	9%	10%	13%	13%
	58	59	79	65	81	109	116
Interest	7	15	12	14	18	22	22
Depreciation	30	52	55	57	57	59	59
Profit before tax	290	218	162	186	232	341	348
Tax %	30%	26%	26%	26%	26%	23%
	202	161	121	137	172	264	271
EPS in Rs	5.79	4.76	3.59	3.97	5.00	7.57	7.77
Dividend Payout %	59%	79%	106%	75%	66%	50%

Compounded Sales Growth
10 Years:	%
5 Years:	5%
3 Years:	15%
TTM:	5%

Compounded Profit Growth
10 Years:	%
5 Years:	5%
3 Years:	28%
TTM:	53%

Stock Price CAGR
10 Years:	14%
5 Years:	18%
3 Years:	28%
1 Year:	123%

Return on Equity
10 Years:	%
5 Years:	10%
3 Years:	11%
Last Year:	14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	22	22	22	22	22	22
Reserves	1,052	1,081	1,076	1,094	1,090	1,199
	81	122	125	122	121	113
	1,266	1,256	1,304	1,340	1,568	1,688
Total Liabilities	2,420	2,482	2,527	2,578	2,801	3,022
	568	770	767	767	760	751
CWIP	117	24	32	11	28	52
Investments	325	375	386	436	518	565
	1,410	1,313	1,341	1,364	1,495	1,654
Total Assets	2,420	2,482	2,527	2,578	2,801	3,022

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	177	187	247	23	206	269
	-137	-60	-80	137	-48	-105
	-61	-159	-153	-148	-145	-172
Net Cash Flow	-21	-32	14	12	13	-9

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	56	63	67	55	56	66
Inventory Days	47	58	58	51	47	46
Days Payable	-0	88	99	68	69	74
Cash Conversion Cycle	102	33	27	38	35	38
Working Capital Days	42	51	32	51	42	42
ROCE %		13%	9%	11%	13%	18%

Shareholding Pattern

Numbers in percentages

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Aug 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%	1.32%
	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	18,348	20,106	21,537	23,572	23,217	23,265	23,359	26,514	23,794	22,802	24,873	33,634

	Dec 2015	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Aug 2024
	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%	1.32%
	1.33%	1.33%	1.33%	1.28%	0.15%	0.15%	0.15%	0.14%	0.14%	0.02%
	33.21%	33.71%	32.96%	33.15%	33.90%	34.45%	36.83%	39.87%	39.11%	39.00%
No. of Shareholders	12,496	12,794	11,106	11,219	11,694	13,160	20,106	23,265	22,802	33,634

* 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

Shareholding Pattern

Documents

Announcements

Annual reports