Balmer Lawrie & Company Ltd

Balmer Lawrie & Company Ltd

₹ 215 0.09%
19 Nov 4:00 p.m.
About

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]

Key Points

Business Units

  • Market Cap 3,684 Cr.
  • Current Price 215
  • High / Low 320 / 153
  • Stock P/E 18.5
  • Book Value 80.6
  • Dividend Yield 3.95 %
  • ROCE 20.5 %
  • ROE 14.6 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is providing a good dividend yield of 3.95%.
  • Company has been maintaining a healthy dividend payout of 81.8%

Cons

  • The company has delivered a poor sales growth of 5.42% over past five years.
  • Company has a low return on equity of 11.8% over last 3 years.
  • Earnings include an other income of Rs.85.1 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.

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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
485 502 572 645 548 511 606 589 581 579 569 631 634
455 468 510 586 512 463 554 525 508 509 522 570 565
Operating Profit 29 34 62 59 36 48 51 63 73 71 47 61 69
OPM % 6% 7% 11% 9% 7% 9% 8% 11% 13% 12% 8% 10% 11%
12 5 35 8 14 3 48 10 17 11 47 12 15
Interest 1 2 1 3 2 3 3 4 2 3 4 4 3
Depreciation 11 12 12 12 12 12 12 12 12 12 13 12 12
Profit before tax 30 25 84 53 37 37 85 57 76 67 78 58 69
Tax % 25% 21% 32% 21% 29% 26% 30% 21% 28% 23% 34% 19% 28%
22 20 58 42 26 27 59 45 55 51 51 47 50
EPS in Rs 1.31 1.15 3.37 2.43 1.53 1.60 3.44 2.65 3.24 3.00 3.00 2.74 2.91
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
2,576 2,622 2,736 1,591 1,702 1,722 1,772 1,527 1,519 2,038 2,300 2,307 2,414
2,390 2,457 2,569 1,385 1,491 1,501 1,538 1,327 1,382 1,878 2,105 2,052 2,166
Operating Profit 186 165 167 206 211 221 234 200 137 160 195 255 248
OPM % 7% 6% 6% 13% 12% 13% 13% 13% 9% 8% 8% 11% 10%
59 80 75 63 73 71 79 82 71 62 73 86 85
Interest 4 6 5 5 5 4 6 8 5 6 10 14 14
Depreciation 17 20 26 24 26 27 27 42 46 47 47 48 48
Profit before tax 224 220 210 240 254 261 280 232 157 170 211 279 271
Tax % 27% 29% 30% 32% 33% 29% 33% 24% 26% 28% 27% 27%
163 157 147 164 170 185 188 177 116 123 154 203 199
EPS in Rs 9.53 9.15 8.61 9.60 9.97 10.81 11.02 10.36 6.81 7.18 9.00 11.90 11.65
Dividend Payout % 31% 33% 35% 35% 47% 62% 67% 72% 88% 91% 83% 71%
Compounded Sales Growth
10 Years: -1%
5 Years: 5%
3 Years: 15%
TTM: 6%
Compounded Profit Growth
10 Years: 3%
5 Years: 2%
3 Years: 21%
TTM: 7%
Stock Price CAGR
10 Years: 8%
5 Years: 11%
3 Years: 20%
1 Year: 38%
Return on Equity
10 Years: 13%
5 Years: 12%
3 Years: 12%
Last Year: 15%

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 16 28 28 28 114 114 114 171 171 171 171 171 171
Reserves 707 791 875 1,036 1,052 1,142 1,186 1,149 1,137 1,149 1,185 1,256 1,207
0 0 0 0 0 15 15 35 35 27 31 35 50
550 619 546 528 628 581 568 528 582 598 707 769 813
Total Liabilities 1,273 1,438 1,450 1,593 1,794 1,852 1,883 1,882 1,925 1,945 2,095 2,232 2,242
263 290 407 393 396 401 402 566 573 582 585 584 569
CWIP 9 74 4 7 23 13 117 24 32 11 28 52 64
Investments 55 57 57 58 87 138 140 130 130 130 130 90 90
945 1,017 981 1,134 1,286 1,299 1,225 1,162 1,190 1,222 1,353 1,506 1,518
Total Assets 1,273 1,438 1,450 1,593 1,794 1,852 1,883 1,882 1,925 1,945 2,095 2,232 2,242

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
126 100 107 132 172 109 175 171 217 -22 169 217
-17 -61 -29 -54 -108 16 -34 -26 -56 158 -22 -69
-55 -63 -64 -66 -73 -106 -144 -172 -146 -124 -134 -157
Net Cash Flow 54 -24 14 12 -9 20 -4 -27 15 12 13 -10

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 51 57 49 53 60 58 57 65 69 56 57 66
Inventory Days 67 74 67 77 51 46 47 57 59 51 46 46
Days Payable 119 138 112 144 104 109 96 86 100 69 68 74
Cash Conversion Cycle -2 -7 3 -14 8 -6 8 36 29 38 35 39
Working Capital Days 6 9 13 41 32 51 44 53 33 51 42 46
ROCE % 34% 29% 25% 25% 23% 22% 22% 18% 12% 13% 16% 20%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
1.57% 1.63% 1.61% 1.62% 1.31% 1.20% 1.95% 1.82% 2.12% 2.71% 3.07% 3.22%
2.50% 2.50% 2.49% 2.50% 2.50% 2.47% 2.45% 2.48% 2.21% 2.09% 1.93% 1.90%
0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02%
95.91% 95.84% 95.87% 95.84% 96.16% 96.29% 95.56% 95.66% 95.63% 95.17% 94.98% 94.85%
No. of Shareholders 89,74197,91696,77596,64593,74091,60087,02787,34889,28993,4111,01,9121,06,173

* 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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