Balmer Lawrie & Company Ltd

Balmer Lawrie & Company Ltd

₹ 215 1.06%
22 Nov 9:25 a.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 3,675 Cr.
  • Current Price 215
  • High / Low 320 / 153
  • Stock P/E 14.0
  • Book Value 104
  • Dividend Yield 3.96 %
  • ROCE 15.6 %
  • ROE 14.7 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is providing a good dividend yield of 4.00%.
  • Company has been maintaining a healthy dividend payout of 70.3%

Cons

  • Company has a low return on equity of 11.2% 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
489 505 575 648 551 514 608 592 586 585 577 638 639
457 469 511 587 513 464 556 528 511 511 485 574 569
Operating Profit 32 36 64 61 39 50 52 65 75 74 91 64 70
OPM % 7% 7% 11% 9% 7% 10% 9% 11% 13% 13% 16% 10% 11%
7 5 15 8 8 3 17 10 13 11 18 12 11
Interest 3 4 3 5 4 5 5 6 5 5 6 6 5
Depreciation 14 14 14 14 14 14 14 15 14 14 15 14 14
Profit before tax 23 23 62 51 29 34 51 54 69 64 88 56 62
Tax % 33% 23% 43% 22% 37% 29% 51% 22% 31% 24% 31% 20% 30%
26 26 46 55 34 35 43 56 63 66 73 63 61
EPS in Rs 1.58 1.59 2.76 3.28 2.05 2.11 2.61 3.35 3.73 3.90 4.31 3.73 3.66
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
3,013 3,120 3,254 1,591 1,702 1,720 1,772 1,532 1,526 2,051 2,312 2,328 2,438
2,779 2,908 3,031 1,386 1,492 1,502 1,539 1,342 1,385 1,882 2,109 2,023 2,139
Operating Profit 234 212 223 205 211 219 233 189 141 169 202 305 299
OPM % 8% 7% 7% 13% 12% 13% 13% 12% 9% 8% 9% 13% 12%
55 70 64 63 56 51 51 51 49 37 37 51 52
Interest 23 24 23 5 5 4 7 15 12 14 18 22 22
Depreciation 38 35 46 24 26 27 30 52 55 57 57 59 59
Profit before tax 229 222 218 240 236 238 247 173 123 136 164 274 270
Tax % 27% 30% 30% 32% 34% 31% 35% 32% 33% 35% 35% 27%
167 156 152 164 155 165 197 155 115 134 168 257 263
EPS in Rs 9.79 9.09 8.89 9.58 9.05 9.66 11.65 9.43 7.04 8.05 10.05 15.29 15.60
Dividend Payout % 30% 27% 34% 35% 52% 69% 63% 80% 85% 81% 75% 56%
Compounded Sales Growth
10 Years: -3%
5 Years: 6%
3 Years: 15%
TTM: 6%
Compounded Profit Growth
10 Years: 5%
5 Years: 6%
3 Years: 31%
TTM: 34%
Stock Price CAGR
10 Years: 8%
5 Years: 10%
3 Years: 21%
1 Year: 36%
Return on Equity
10 Years: 12%
5 Years: 10%
3 Years: 11%
Last Year: 15%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 847 953 1,015 1,210 1,247 1,342 1,406 1,383 1,371 1,416 1,510 1,650 1,613
196 175 197 0 0 15 81 120 125 122 121 113 124
668 724 670 559 669 720 682 660 712 736 860 939 996
Total Liabilities 1,726 1,880 1,911 1,798 2,030 2,191 2,282 2,334 2,379 2,445 2,662 2,873 2,904
452 464 577 393 397 410 568 770 767 767 760 751 730
CWIP 12 77 12 11 63 138 117 24 32 11 28 52 64
Investments 0 0 0 248 271 293 325 375 386 436 518 565 597
1,262 1,339 1,322 1,146 1,299 1,350 1,272 1,165 1,194 1,231 1,356 1,505 1,513
Total Assets 1,726 1,880 1,911 1,798 2,030 2,191 2,282 2,334 2,379 2,445 2,662 2,873 2,904

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
201 167 201 150 181 129 194 189 244 2 208 274
-45 -76 -42 -71 -117 -19 -137 -60 -80 137 -48 -105
-101 -131 -143 -66 -73 -86 -78 -162 -149 -127 -147 -178
Net Cash Flow 55 -40 16 13 -9 24 -21 -34 15 12 12 -9

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 54 62 53 53 60 57 57 65 69 56 57 67
Inventory Days 45 48 48 77 51 46 47 57 59 51 46 46
Days Payable 48 53 44 144 104 108 96 88 100 69 68 74
Cash Conversion Cycle 51 57 56 -14 8 -4 8 35 28 38 35 38
Working Capital Days 24 31 33 -9 30 40 44 52 33 51 41 43
ROCE % 25% 22% 20% 20% 18% 17% 16% 11% 8% 8% 10% 16%

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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