Balmer Lawrie & Co Ltd
NSE: BALMLAWRIE · Diversified · sector
₹153.39NSE close 2026-10-26
Key numbers
Market cap₹2,623 cr
Price₹153.39
52w high / low₹206 / ₹148
P/E9.4xSector median 12.6x
P/B1.3xSector median 1.4x
Book value₹121.0
Dividend yield8.04%Sector median 1.83%
ROE13.8%Sector median 12.4%
ROCE15.6%Sector median 11.3%
OPM13.2%Sector median 12.1%
Debt / equity0.04xSector median 0.26x
EV/EBITDA6.1xSector median 13.3x
Interest cover8.4x
Current ratio2.13x
Sales growth 3y+5.4%Sector median +10.4%
Profit growth 3y+17.2%Sector median +8.7%
PEG0.54x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 14 companies in Diversified (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹453 cr vs borrowings ₹75 cr (FY26): cash is higher (net cash).
- Borrowings fell in each of the last 3 years (₹89 cr → ₹75 cr).
- Operating profit covered interest 8.4x in the last 12 months.
- 5.41% of the promoters' shares are pledged (0.0% of all shares).
- Operating cash flow was below net profit in 2 of the last 5 years (FY25, FY22).
- Revenue was higher than a year earlier in 3 of the last 4 quarters.
- Other income was 17% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹153.39 on 2026-10-26: -25.6% from the 52-week high, +3.4% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹275.15 · low ₹153.39
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 639 | 630 | 608 | 681 | 635 | 657 | 744 | 749 |
| EBITDA | 70 | 84 | 95 | 83 | 67 | 86 | 114 | 100 |
| OPM % | 11.0% | 13.3% | 15.6% | 12.2% | 10.6% | 13.1% | 15.3% | 13.3% |
| Other income | 11 | 9 | 18 | 9 | 11 | 7 | 20 | 11 |
| Net profit | 63 | 64 | 75 | 69 | 57 | 67 | 85 | 71 |
| EPS (₹) | 3.66 | 3.77 | 4.39 | 4.03 | 3.31 | 3.89 | 4.95 | 4.18 |
| Revenue YoY | -0.5% | +4.2% | +22.3% | +10.0% | ||||
| Profit YoY | -9.5% | +3.3% | +12.5% | +3.6% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 2,055 | 2,321 | 2,339 | 2,516 | 2,717 | 2,785 |
| EBITDA | 169 | 202 | 305 | 313 | 351 | 367 |
| Net profit | 138 | 172 | 262 | 266 | 277 | 279 |
| EPS (₹) | 8.07 | 10.05 | 15.30 | 15.55 | 16.18 | 16.33 |
| Revenue growth | +12.9% | +0.8% | +7.5% | +8.0% | +8.9% | |
| Profit growth | +24.5% | +52.2% | +1.7% | +4.0% | +3.0% | |
| Dividend / share (₹) | 6.00 | 6.50 | 7.50 | 8.50 | 12.75 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +5.4% | – | +8.9% |
| Net profit | +17.2% | – | +3.0% |
| EPS | +17.2% | – | – |
| Share price | – | -21.2% (2y) | -23.6% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 1,681 | 1,821 | 1,969 | 2,069 |
| Borrowings | – | 89 | 77 | 76 | 75 |
| Cash & equivalents | – | 448 | 525 | 458 | 453 |
| Total assets | – | 2,662 | 2,873 | 3,040 | 3,349 |
| Fixed assets | – | 634 | 624 | 619 | 649 |
| Capital work in progress | – | 27 | 52 | 67 | 34 |
| Investments | – | 518 | 565 | 632 | 730 |
| Receivables | – | 361 | 427 | 479 | 535 |
| Inventory | – | 205 | 193 | 193 | 169 |
| Payables | – | 304 | 315 | 298 | 345 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 2 | 208 | 274 | 156 | 289 |
| Cash from investing | 137 | -48 | -105 | 23 | -38 |
| Cash from financing | -127 | -147 | -178 | -189 | -259 |
| Capex | 23 | 52 | 53 | 68 | 64 |
| Free cash flow | -21 | 155 | 222 | 88 | 226 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 10.2% | 14.4% | 13.5% | 13.4% |
| ROCE % | – | 10.3% | 15.6% | 14.8% | 15.0% |
| Debtor days | – | 57 | 67 | 69 | 72 |
| Inventory days | – | 46 | 46 | 42 | 35 |
| Payable days | – | 68 | 74 | 66 | 71 |
| Cash conversion cycle (days) | – | 35 | 39 | 45 | 36 |
| Working capital days | – | 110 | 120 | 128 | 120 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| FIIs | 2.38% |
| DIIs | 1.79% |
| of which Mutual funds | 0.00% |
| Government | 0.02% |
| Public (non-institutions) | 95.80% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Public holders above 1% | % |
|---|---|
| Balmer Lawrie Investments Limited | 61.80% |
| Indian Syntans Investments Private Limited | 1.25% |
| The NEW India Assurance Company Limited | 1.16% |
1,07,766 shareholders. Pledged: 5.41% of promoter shares.
Peers in Diversified
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| 3MINDIA | ₹32,937 cr | 57.0x | 18.6x | 32.0% | 51.7% | 19.2% | +10.9% | 1.83% |
| GODREJIND | ₹31,972 cr | 27.2x | 2.9x | 11.0% | 8.4% | 10.1% | +9.9% | 0.23% |
| DCMSHRIRAM | ₹15,179 cr | 10.5x | 2.0x | 19.5% | 12.1% | 10.9% | +5.7% | 1.08% |
| LORDSMARK | ₹2,966 cr | 34.5x | 3.0x | 16.8% | 9.7% | 13.2% | +1,739.5% | – |
| BALMLAWRIE | ₹2,623 cr | 9.4x | 1.3x | 13.8% | 15.6% | 13.2% | +5.4% | 8.04% |
| TTKHLTCARE | ₹1,403 cr | 19.0x | 1.3x | 6.8% | 8.5% | 3.9% | +5.7% | 1.01% |
| EMPIND | ₹560 cr | 10.0x | 1.6x | 16.9% | 18.4% | 12.1% | +2.4% | 2.67% |
| PANTH | ₹46 cr | 0.9x | 0.5x | 78.9% | 30.3% | 17.1% | +161.7% | – |
| KRYPTONQ | ₹41 cr | 14.7x | 1.3x | 8.9% | 11.6% | 13.5% | +16.8% | 3.58% |
| SVARTCORP | ₹28 cr | 5.7x | 0.9x | 17.0% | 19.3% | 24.2% | +35.8% | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Industrial Packaging | ₹862 cr | 29.9% | ₹54 cr | 6.3% |
| Greases & Lubricants | ₹666 cr | 23.1% | ₹76 cr | 11.4% |
| Logistics Services | ₹574 cr | 19.9% | ₹87 cr | 15.1% |
| Travel & Vacations | ₹384 cr | 13.3% | ₹136 cr | 35.5% |
| Logistics Infrastructure | ₹280 cr | 9.7% | ₹28 cr | 9.9% |
| Others | ₹118 cr | 4.1% | ₹-60 cr | -50.6% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-11 | Dividend | Dividend - Rs 4.25 Per Share |
| 2026-03-11 | Dividend | Interim Dividend - Rs 4.25 Per Share |
| 2025-09-16 | Dividend | Dividend - Rs 8.50 Per Share |
| 2024-09-19 | Dividend | Dividend - Rs 8.50 Per Share |
| 2023-09-20 | Dividend | Dividend - Rs 7.50 Per Share |
| 2022-09-19 | Dividend | Dividend - Rs 6.5 Per Share |
| 2021-09-20 | Dividend | Annual General Meeting/Dividend - Rs 6 Per Share |
| 2020-09-17 | Dividend | Annual General Meeting/Dividend - Rs 7.50 Per Share |
| 2019-12-26 | Bonus | Bonus 1:2 |
| 2019-09-09 | Dividend | Annual General Meeting/Dividend - Rs 11 Per Share |
| 2018-09-04 | Dividend | Annual General Meeting/Dividend- Rs 10 Per Share |
| 2017-09-06 | Dividend | Annual General Meeting/Dividend - Rs 7/- Per Share |
| 2016-12-26 | Bonus | Bonus 3:1 |
| 2016-09-14 | Dividend | Dividend Rs 20/- Per Share |
| 2015-09-03 | Dividend | Annual General Meeting/ Dividend - Rs 18/- Per Share |
| 2014-09-09 | Dividend | Annual General Meeting/Dividend - Rs.18/- Per Sh |
| 2013-09-06 | Dividend | Annual General Meeting And Dividend Rs.17.60 Per Share |
| 2013-05-23 | Bonus | Bonus 3:4 |
| 2012-09-10 | Dividend | Annual General Meeting/Dividend Rs 28 Per Share |
| 2011-09-09 | Dividend | Dividend Rs 26 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Industrial Packaging: Steel Barrel and drum manufacturing
- Logistics Infrastructure and Services: Container Freight Station, Cold Chain & Logistics Services
- Greases & Lubricants: Manufacturing and Supply of Greases, Lubricants and Compounds
- Travel & Vacations: Ticketing, Holidays (International & Domestic), MICE and other travel services
| Sector | Diversified |
| Industry | Diversified |
| Sub-industry | Diversified |
| Symbol | BALMLAWRIE |
| BSE code | 523319 |
| ISIN | INE164A01016 |
| Face value | ₹10.0 |
| Incorporated | 1924-02-18 |
| Website | www.balmerlawrie.com |
| Plants (India / abroad) | 10 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.