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Balmer Lawrie & Company Ltd

₹ 1740.14%
16 Jan – close price
🔗balmerlawrie.com•BSE: 523319•NSE: BALMLAWRIE
Market Cap₹ 2,975 Cr.
Current Price₹ 174
High / Low₹ 238
Stock P/E12.4
Book Value₹ 87.0
Dividend Yield4.88 %
ROCE21.7 %
ROE15.7 %
Face Value₹ 10.0
Sales₹ 2,535 Cr.
OPM12.4 %
Mar Cap₹ 2,975 Cr.

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

Also present in buckets:
Excellent ResultsRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.3M India35250.0071.8339808.480.45191.3443.031266.4914.0238.174750.6418.49554.17191.3424.6615.200.06
2.Godrej Industrie1017.5035.6234302.370.00492.95-15.705032.144.737.8320096.468.56962.97242.473.302.224.48
3.DCM Shriram1162.8025.4418123.760.77158.72151.183271.6810.6311.3712777.1611.85712.47158.042.514.830.30
4.Balmer Lawrie174.1312.362974.964.8848.48-2.44629.92-0.6421.742534.6612.39240.7448.482.0010.100.11
5.TTK Healthcare987.9019.771396.001.0120.3918.55203.572.569.26825.103.3570.6220.391.295.720.02
6.Dhunseri Vent.273.6014.18950.111.83-13.26-115.7681.90-44.776.55528.98-6.2766.99-10.680.303.530.17
7.Empire Inds.922.9514.98553.772.7112.3926.30180.3810.3814.36709.079.9636.9712.391.704.640.56
–Median: 8 Co.955.4217.382185.480.8934.448.05447.557.5611.991767.659.26155.6834.441.854.730.23

Quarterly Results

Standalone figures in ₹ crores

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales
548511606589581579569631634626604676630
Expenses
512463554525508509522570565542520593564
Operating Profit
36485163737147616983838265
Other Income
143481017114712159471018
Profit before tax
373785577667785869751137566
Tax %
29%26%30%21%28%23%34%19%28%27%28%26%26%
Net Profit
26275945555151475055825648
EPS in Rs
1.531.603.442.653.243.003.002.742.913.204.773.272.84

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
2,6222,7361,5911,7021,7221,7721,5271,5192,0382,3002,3072,4842,535
Expenses
2,4572,5691,3851,4911,5011,5381,3271,3821,8782,1052,0522,1872,220
Operating Profit
165167206211221234200137160195255297314
Other Income
80756373717982716273868383
Interest
65554685610141619
Depreciation
20262426272742464747485051
Profit before tax
220210240254261280232157170211279314328
Net Profit
157147164170185188177116123154203233241
EPS in Rs
9.158.619.609.9710.8111.0210.366.817.189.0011.9013.6114.08
Dividend Payout %
33%35%35%47%62%67%72%88%91%83%71%62%–

Compounded Sales Growth

10 Years:-1%
5 Years:10%
3 Years:7%
TTM:5%

Compounded Profit Growth

10 Years:5%
5 Years:6%
3 Years:24%
TTM:21%

Stock Price CAGR

10 Years:6%
5 Years:7%
3 Years:12%
1 Year:-15%

Return on Equity

10 Years:13%
5 Years:12%
3 Years:14%
Last Year:16%

Balance Sheet

Standalone figures in ₹ crores

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
282828114114114171171171171171171171
Reserves
7918751,0361,0521,1421,1861,1491,1371,1491,1851,2561,3571,316
Borrowings
00001515353527313530157
Other Liabilities
619546528628581568528582598707769792861
Total Liabilities
1,4381,4501,5931,7941,8521,8831,8821,9251,9452,0952,2322,3502,505
Fixed Assets
290407393396401402566573582585584582634
Gross Block
469.23606.29415.75444.16484.76503.38706.41751.23784.11802.77830.39870.10–
Accumulated Depreciation
178.93199.4522.4847.6883.55101.68139.95178.64202.03217.79246.10288.33–
CWIP
7447231311724321128526779
Investments
57575887138140130130130130909192
Other Assets
1,0179811,1341,2861,2991,2251,1621,1901,2221,3531,5061,6101,700
Total Assets
1,4381,4501,5931,7941,8521,8831,8821,9251,9452,0952,2322,3502,505

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
100107132172109175171217-22169217111
Cash from Investing Activity
-61-29-54-10816-34-26-56158-22-6956
Cash from Financing Activity
-63-64-66-73-106-144-172-146-124-134-157-177
Net Cash Flow
-241412-920-4-27151213-10-10

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
574953605857656956576670
Inventory Days
746777514647575951466667
Days Payable
13811214410410996861006968107102
Cash Conversion Cycle
-73-148-68362938352635
Working Capital Days
91341325044513150424366
ROCE %
29%25%25%23%22%22%18%12%13%16%20%22%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters
–––––––––––––
FIIs
1.31%1.20%1.95%1.82%2.12%2.71%3.07%3.22%3.58%2.58%2.34%2.26%2.16%
DIIs
2.50%2.47%2.45%2.48%2.21%2.09%1.93%1.90%1.89%1.79%1.79%1.79%1.79%
Public
96.16%96.29%95.56%95.66%95.63%95.17%94.98%94.85%94.50%95.61%95.84%95.94%96.03%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

Balmer Lawrie Files SEBI Dematerialization Compliance Certificate for Quarter Ended March 31, 2026

17th April 2026, 11:24 pm

Balmer Lawrie Opens Special Window for Physical Securities Transfer & Dematerialisation

1st April 2026, 11:51 pm

Balmer Lawrie & Co. Ltd. Opens Special Window for Physical Securities Transfer and Dematerialisation

31st March 2026, 5:50 pm

Balmer Lawrie Directors Complete Tenure, Cease Roles on March 28, 2026

28th March 2026, 4:13 pm

Balmer Lawrie to Close Trading Window from April 1, 2026, for Insiders

25th March 2026, 9:49 pm

Published by Other Websites

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6th February 2026, 7:18 am

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16th December 2025, 8:57 am

News Articles

Editorial & research coverage

Global Tech Rout, AI Race Overshadow Indian Earnings
Global Tech Rout, AI Race Overshadow Indian Earnings

6th February 2026, 7:18 am

Unlock Passive Income! Axis Securities Reveals Top 15 PSU Stocks with Jaw-Dropping Dividend Yields!
Unlock Passive Income! Axis Securities Reveals Top 15 PSU Stocks with Jaw-Dropping Dividend Yields!

16th December 2025, 8:57 am

Balmer Lawrie Sees Revenue Climb, But PAT Dips Amidst Regulatory Fines
Balmer Lawrie Sees Revenue Climb, But PAT Dips Amidst Regulatory Fines

Documents

Announcements

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

2d - SEBI Reg.74(5) certificate for quarter ended 31 Dec 2025 from KFin Technologies (Balmer Lawrie).

Closure of Trading Window
Disclosure Under Regulation 30 Of SEBI ('SEBI') (LODR) Regulations, 2015 (As Amended) ('Listing Regulations') - Change In Senior Management Of The Company

1 Dec 2025 - Ashok K. Gupta and Thiyagarajan S re-designated to Travel & Vacations leadership, effective 15 Oct 2025; term 1.29 years.

Fines Imposed By BSE Limited And National Stock Exchange Of India Limited On The Company For The Quarter Ended On 30Th September, 2025

28 Nov 2025 - BSE and NSE fined Balmer Lawrie Rs.5,45,160 each (total Rs.10,90,320) on Nov 28, 2025.

Announcement under Regulation 30 (LODR)-Change in Directorate

17 Nov 2025 - Shri Rajeev Kumar (DIN 11170401) ceased as Government Nominee Director effective 17 Nov 2025 due to ministry withdrawal.

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

Financial Year 2022

(from bse)

Financial Year 2021

(from bse)

Financial Year 2020

(from bse)

Financial Year 2019

(from bse)

Financial Year 2018

(from bse)

Financial Year 2017

(from bse)

Financial Year 2016

(from bse)

Financial Year 2015

(from bse)

Financial Year 2014

(from bse)

Financial Year 2013

(from bse)

Financial Year 2012

(from bse)

Financial Year 2011

(from nse)

Credit Ratings

Rating update

8 Apr 2025 from icra

Rating update

10 May 2024 from icra

Rating update

7 Jul 2023 from icra

Rating update

17 May 2022 from icra

Rating update

5 Feb 2021 from icra

Rating update

1 Oct 2020 from care

Concalls

No concalls.

Stock Analysis

Description

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. It is a central public-sector undertaking under the administrative control of Ministry of Petroleum and Natural Gas, GoI, since 1972.

Key Growth Triggers

  1. Positive year-on-year performance in Q1 FY2025-26 for standalone Profit After Tax (PAT).
  2. Strategic decision to gradually exit the Refinery and Oil Field Services (ROFS) business unit by the end of Financial Year 2026-27, focusing on core competencies.

Order Book

Currently no data available for Order Book.

Key Red Flags

  1. Project cancellations for the 200 KLPD Grain Based Ethanol Plant in Andhra Pradesh and the JNPA FTWZ project due to unfavorable business conditions and declining Internal Rate of Return (IRR).
  2. Fines imposed by BSE Limited and National Stock Exchange of India Limited for non-compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, concerning board composition.
  3. Year-on-year decline in consolidated Profit After Tax (PAT) for Q2 FY2025-26.

Key Dates To Watch

Currently no data available for Key Dates To Watch.

Corporate Announcements

17th Apr 26
Impact Rating: 2
Balmer Lawrie & Co. Ltd. has confirmed compliance with SEBI (Depositories and Participants) Regulations, 2018, for the quarter ending March 31, 2026, via a certificate from its registrar, KFin Technologies.
1st Apr 26
Impact Rating: -
No description available.
31st Mar 26
Impact Rating: -
No description available.
28th Mar 26
Impact Rating: 5
Balmer Lawrie & Co. Ltd. has informed exchanges that Shri Harishkumar Madhusudan Joshi and Dr. Vandana Minda Heda, Non-Executive Independent Directors, will be stepping down on March 28, 2026. Their departure is due to the completion of their respective tenures.
25th Mar 26
Impact Rating: 6
In compliance with SEBI regulations, Balmer Lawrie & Co. Ltd. has intimated the closure of its trading window for designated persons and insiders starting April 1, 2026. This window will reopen 48 hours after the announcement of Q4 and annual financial results.