Is Balmer Lawrie & Company a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Balmer Lawrie & Company Ltd is a good quality company .

Is Balmer Lawrie & Company undervalued or overvalued?

The key valuation ratios of Balmer Lawrie & Company Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Balmer Lawrie & Company share price return in the past 10 years?

Balmer Lawrie & Company Ltd share price has appreciated 10.1% annually (CAGR) over the past ten years.

Is Balmer Lawrie & Company a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Balmer Lawrie & Company Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

What is the P/E ratio of Balmer Lawrie & Company?

The latest standalone P/E ratio of Balmer Lawrie & Company as of 20-Sep-2024 is 22.19.

What is the P/B ratio of Balmer Lawrie & Company?

The latest standalone P/B ratio of Balmer Lawrie & Company as of 20-Sep-2024 is 3.08.

What is the 52-week high and low of Balmer Lawrie & Company?

The 52-week high of Balmer Lawrie & Company is Rs. 320.25 and the 52-week low is Rs. 129.25.

Balmer Lawrie & Company Ltd - Stock Valuation and Financial Performance

Name: Balmer Lawrie & Company
Brand: Balmer Lawrie & Company

BSE: 523319 | NSE: BALMLAWRIE | Diversified | Small Cap

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Balmer Lawrie & Co Share Price

₹266.50 -7.50 -2.74%
as on 20-Sep'24 16:01

10 Year X-Ray of Balmer Lawrie & Co:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	25%	24.9%	23.2%	21.8%	22.1%	18.2%	12.3%	13.4%	16.5%	21%	-
Value Creation Index ⓘ	0.8	0.8	0.7	0.6	0.6	0.3	-0.1	-0.1	0.2	0.5	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	2,740	1,595	1,706	1,725	1,775	1,530	1,522	2,042	2,310	2,319	2,361
Sales YoY Gr.	-	-41.8%	7%	1.1%	2.9%	-13.8%	-0.5%	34.2%	13.1%	0.4%	-
Adj EPS ⓘ	8.6	9.5	9.8	10.7	10.7	10.8	6.8	7	8.9	14.5	12
YoY Gr.	-	9.9%	3.2%	9.4%	0.3%	0.4%	-36.8%	2.8%	26.7%	63.3%	-
BVPS (₹) ⓘ	52.8	62.3	68.2	73.4	76	77.2	76.5	77.2	79.3	83.5	86.2
Adj Net Profit ⓘ	148	162	167	183	183	184	116	120	152	248	205
Cash Flow from Ops. ⓘ	107	132	172	109	175	171	217	-21.8	169	217	-
Debt/CF from Ops. ⓘ	0	0	0	0.1	0.1	0.1	0	0	0	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	-1.8%	5.5%	15.1%	0.4%
Adj EPS ⓘ	5.9%	6.2%	28.6%	63.3%
BVPSⓘ	5.2%	1.9%	3%	5.2%
Share Price	10.1%	18.5%	27.2%	74.2%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	17.1	16.5	15	15.1	14.4	14.1	8.9	9.1	11.3	17.8	14.1
Op. Profit Mgn % ⓘ	6	12.8	12.3	11.1	12.7	12.8	7.3	7.5	7.9	12.3	10.7
Net Profit Mgn % ⓘ	5.4	10.2	9.8	10.6	10.3	12	7.7	5.9	6.6	10.7	8.7
Debt to Equity ⓘ	0	0	0	0	0	0	0	0	0	0	-
Working Cap Days ⓘ	82	139	145	165	165	179	164	131	135	148	113
Cash Conv. Cycle ⓘ	31	27	8	3	6	26	37	31	34	35	58

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 14.10%

Sales growth is growing at healthy rate in last 3 years 15.06%

Net Profit is growing at healthy rate in last 3 years 28.59%

Sales growth is not so good in last 4 quarters at 5.14%

Latest Financials - Balmer Lawrie & Company Ltd.

	Standalone	Consolidated
TTM EPS (₹)	12	15.7
TTM Sales (₹ Cr.)	2,361	2,385
BVPS (₹.) ⓘ	86.2	109.1
Reserves (₹ Cr.) ⓘ	1,303	1,694
P/BV ⓘ	3.08	2.44
PE ⓘ	22.19	16.96

From the Market
52 Week Low / High (₹)	129.25 / 320.25
All Time Low / High (₹)	1.62 / 320.25
Market Cap (₹ Cr.)	4,546
Equity (₹ Cr.)	171
Face Value (₹)	10
Industry PE ⓘ	111.5

Management X-Ray of Balmer Lawrie & Co:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Balmer Lawrie & Co

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Balmer Lawrie & Co

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	2,740	1,595	1,706	1,725	1,775	1,530	1,522	2,042	2,310	2,319
Operating Expenses ⓘ	2,577	1,390	1,497	1,534	1,549	1,345	1,412	1,890	2,129	2,098
Manufacturing Costs	61	64	65	67	68	66	66	85	87	93
Material Costs	2,190	980	1,082	1,077	1,112	922	988	1,435	1,624	1,538
Employee Cost	176	197	197	194	209	211	215	225	248	239
Other Costs ⓘ	150	149	153	196	160	145	143	145	169	229
Operating Profit ⓘ	164	204	209	191	226	185	110	153	181	220
Operating Profit Margin (%)	6.0%	12.8%	12.2%	11.1%	12.7%	12.1%	7.2%	7.5%	7.9%	9.5%
Other Income ⓘ	78	65	76	101	86	97	98	70	87	120
Interest ⓘ	5	5	5	4	6	8	5	6	10	13
Depreciation ⓘ	26	24	26	27	27	42	46	47	47	48
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	210	240	254	261	280	232	157	170	211	279
Tax ⓘ	63	76	84	76	92	55	40	47	57	75
Profit After Tax	147	164	170	185	189	177	116	123	154	203
PAT Margin (%)	5.4%	10.3%	10.0%	10.7%	10.6%	11.6%	7.7%	6.0%	6.7%	8.8%
Adjusted EPS (₹)	8.6	9.6	10.0	10.8	11.0	10.4	6.8	7.2	9.0	11.9
Dividend Payout Ratio (%)	35%	35%	47%	62%	67%	72%	88%	91%	83%	71%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	903	1,065	1,166	1,256	1,300	1,320	1,308	1,320	1,356	1,427
Share Capital ⓘ	29	29	114	114	114	171	171	171	171	171
Reserves ⓘ	875	1,036	1,052	1,142	1,186	1,149	1,137	1,149	1,185	1,256
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	0	0	0	15	12	9	3	0	0	0
Long Term Debt	0	0	0	11	11	9	3	0	0	0
Short Term Debt	0	0	0	4	1	0	0	0	0	0
Trade Payables	218	224	307	323	293	218	271	273	304	311
Others Liabilities ⓘ	327	299	312	258	278	336	343	353	435	493
Total Liabilities ⓘ	1,448	1,588	1,786	1,852	1,883	1,882	1,925	1,945	2,095	2,232
Fixed Assets
Gross Block	606	416	443	484	502	705	751	783	802	829
Accumulated Depreciation	198	22	48	73	102	140	179	202	218	246
Net Fixed Assetsⓘ	408	393	396	411	401	565	572	581	584	583
CWIP ⓘ	4	7	23	13	117	24	32	11	28	52
Investmentsⓘ	57	57	87	138	140	130	130	130	130	90
Inventories	130	120	152	137	143	145	160	201	205	193
Trade Receivables	365	230	282	271	276	273	289	314	359	420
Cash Equivalents	361	444	509	481	438	450	532	416	448	524
Others Assetsⓘ	122	336	337	401	369	296	210	293	341	369
Total Assets ⓘ	1,448	1,588	1,786	1,852	1,883	1,882	1,925	1,945	2,095	2,232

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	107	132	172	109	175	171	217	-22	169	217
PBT ⓘ	210	240	254	261	280	232	157	170	211	279
Adjustment ⓘ	-16	-9	-5	-13	-24	12	-14	1	9	28
Changes in Working Capital ⓘ	-20	-12	7	-60	6	-11	99	-149	-2	-26
Tax Paid ⓘ	-67	-87	-83	-79	-87	-63	-25	-45	-49	-64
Cash Flow From Investing Activity ⓘ	-29	-54	-108	16	-34	-26	-56	158	-22	-69
Capex	-77	-37	-51	-34	-132	-45	-43	-17	-50	-52
Net Investments	0	-60	-30	-3	45	-38	-66	128	-19	-87
Others ⓘ	48	43	-28	54	53	58	53	47	47	69
Cash Flow From Financing Activityⓘ	-64	-66	-73	-106	-144	-172	-146	-124	-134	-157
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-4	-5	-5	-4	-6	-8	-5	-6	-10	-13
Dividend Paid ⓘ	-52	-62	-69	-96	-137	-150	-128	-102	-111	-128
Others ⓘ	-9	0	0	-5	-2	-14	-13	-16	-13	-16
Net Cash Flow ⓘ	14	12	-9	20	-4	-27	15	12	13	-10

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	17.12	16.7	15.28	15.26	14.75	13.53	8.86	9.35	11.5	14.62
ROCE (%)	25.02	24.87	23.19	21.78	22.1	18.18	12.25	13.37	16.53	20.99
Asset Turnover Ratio	1.99	1.13	1.08	0.97	0.95	0.81	0.8	1.06	1.14	1.07
PAT to CFO Conversion(x)	0.73	0.8	1.01	0.59	0.93	0.97	1.87	-0.18	1.1	1.07
Working Capital Days
Receivable Days	49	63	51	57	56	66	67	54	53	61
Inventory Days	17	27	27	30	29	34	37	32	32	31
Payable Days	40	82	90	107	101	101	90	69	65	73

Balmer Lawrie & Company Ltd Stock News

Balmer Lawrie & Company Ltd FAQs

What is the share price of Balmer Lawrie & Co?

Company share prices are keep on changing according to the market conditions. The closing price of Balmer Lawrie & Co on 20-Sep-2024 16:01 is ₹266.5.

What is the market cap of Balmer Lawrie & Co?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 20-Sep-2024 16:01 the market cap of Balmer Lawrie & Co stood at ₹4,546.1.

What is the P/E ratio of Balmer Lawrie & Co?

The latest P/E ratio of Balmer Lawrie & Co as of 20-Sep-2024 16:01 is 22.19.

What is the P/B ratio of Balmer Lawrie & Co?

The latest P/B ratio of Balmer Lawrie & Co as of 20-Sep-2024 16:01 is 3.08.

What is the 52-week high and low of Balmer Lawrie & Co?

The 52-week high of Balmer Lawrie & Co is ₹320.2 and the 52-week low is ₹129.2.

What is the TTM revenue of Balmer Lawrie & Co?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Balmer Lawrie & Co is ₹2,361 ( Cr.) .

About Balmer Lawrie & Company Ltd

Founded by two Scotsmen, Stephen George Balmer and Alexander Lawrie, in Kolkata, Balmer Lawrie & Co. Ltd. started its corporate journey as a Partnership Firm on 1st February 1867. Today Balmer Lawrie is a Miniratna - I Public Sector Enterprise under the Ministry of Petroleum and Natural Gas, Govt. of India.

Along with its five Joint Ventures and two subsidiaries in India and abroad, it is a much-respected transnational diversified conglomerate with presence in both manufacturing and service sectors. Balmer Lawrie is a market leader in Steel Barrels, Industrial Greases & Specialty Lubricants, Corporate Travel and Logistics Services. It also has significant presence in most other businesses, it operates, viz, Leather Chemicals, Logistics Infrastructure etc.

Business area of the company

The Company is a Government of India Enterprise engaged in diversified business with presence in both manufacturing and service businesses. The Company 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.

Awards & Recognition

Silver Plate Award from Helpage India in 2011
CSR Corporate Governance Award' from Institute of Public Enterprise (IPE)-Hyderabad in 2012
CFS, Chennai won the 'Container Freight Station of the Year' Award, given by Gateway Media, in recognition of demonstrating highest productivity; low turnaround time and achieving environmental and safety certifications during the year 2011-12.
Balmer Lawrie was presented the prestigious “Social Responsibility Award” by the Governor of Tamil Nadu, Dr. K Rosaiah in a special function organised by Help Age India, which is observed as the “International Day for Older People”.
Industrial Packaging (IP) Plant at Navi Mumbai, Greases & Lubricants (G&L) Plant at Silvassa and Leather Chemicals (LC) Plant at Manali, Chennai won the National Awards for Manufacturing Competitiveness (NAMC), a unique Awards Program instituted by International Research Institute for Manufacturing (IRIM). The Awards function was organized by IRIM on 22nd September 2017 at ITC Maratha in Mumbai. The IP Plant won the Gold award and the G&L Plant and LC Plant won the Bronze award.
SBU: Logistics bagged an award in the ‘South Asia Maritime & Logistics Forum 2017’, which was held at The Lalit Mumbai on 7th September 2017. The Award was given away in recognition of the CSR initiatives taken by our company. Mr. Manas Kumar Ganguly, COO [Logistics], Mr. P P Rathnakar, Regional Head-FF [West] and Mr. Rajesh Raghavan, Chief Manager [CFS, Mumbai] received the award on behalf of Balmer Lawrie.
IP-Chennai was acknowledged with Bronze in National Award for Manufacturing Competitiveness 2018-19 Award
G&L-Kolkata plant was recognized with Silver in National Award for Manufacturing Competitiveness 2018-19 for significant contribution towards consolidation of SKUs, steady production despite fluctuations in raw material supplies, sensitivity towards changes in the market demand, deployment of Distributor Management System and efficient management of IR issues.
LC-Manali was recognized with Silver in National Award for Manufacturing Competitiveness 2018-19 for noteworthy contribution of the leadership team in navigating the unit to profit despite major challenges in the external environment. LC-Manali, apart from the Silver Award also received a special recognition for its “Strategic Improvement Initiatives”.
IP-Silvassa bagged the coveted Gold in National Award for Manufacturing Competitiveness 2018-19 for its consistent progress towards making the unit more competitive, developing flexibility in its manufacturing and bringing agility in its entire supply chain.
Balmer Lawrie won awards in two categories; Effective use of Digital Media and Special Brand Building Publication, during the SCOPE Corporate Communications Excellence Awards 2019.
SBU: Greases & Lubricants (G&L) received the Best Lubricants Supplier Award from Tata Motors Ltd., Spare Parts Division for the year 2018-19.
The Travel branch of SBU:T&V at Kolkata was recognized and awarded by Air India for its outstanding performance in the financial years 2017-18 and 2018-19. Balmer Lawrie was awarded a Certificate of Excellence for securing the second position in Passenger Sales (Domestic in Eastern India) in the year 2018-19 and the third position in the same category in 2017-18. The award was given away by Ms. Meenakshi Malik, ED [Marketing], Air India and Ms. Jhulan Goswami, ace cricketer and an Air India employee.
Mr. Adika Ratna Sekhar, Director [Human Resources & Corporate Affairs] received the HR Leadership Award (101 HR Super Achievers-India) at the World HRD Congress, the most iconic event focusing on HRD issues.
“Balmerol Lubricants” was recognized as one of ‘The Economic Times Best Brands 2019’. The award was given away during the mega conference, The Economic Times (ET) Best Brands Carnival held in Mumbai.
Balmer Lawrie was one of the recipients of the Kolkata Best Employer Brand Awards 2019 given away by World HRD Congress at a function held in November 2019. During the award function a special award was given to Mr. A Ratna Sekhar, Director [HR & CA].
Mr. Prabal Basu, C&MD and Mr. A Ratna Sekhar, D[HR&CA] were invited for the Leadership and Emotional Intelligence Summit and Awards 2020 co-hosted by Forum for Emotional Intelligence Learning (FEIL) and Indian Institute of Public Administration at the DMRC Auditorium, New Delhi in January 2020. D[HR&CA] was part of a panel discussion on 'Emotional Intelligence and Change Management' and was given away the 'Most Admired Leader Award’.

Certifications of Balmer Lawrie

OHSAS 18001:1999

Performance Chemicals: Manali, Chennai

OHSAS 18000:2007

Greases & Lubricants: Chennai, Kolkata, Silvassa
Logistics Infrastructure: Chennai, Kolkata, Navi Mumbai

ISO 9001:2000

Greases & Lubricants: Chennai, Kolkata, Silvassa
Performance Chemicals: Manali, Chennai

ISO 14001:2004

Greases & Lubricants: Chennai, Kolkata, Silvassa
Industrial Packaging: Chennai, Kolkata, Silvassa, Asaoti
Performance Chemicals: Manali, Chennai
Logistics Infrastructure: Chennai, Kolkata, Navi Mumbai

ISO 9001:2008

Industrial Packaging: Chennai, Kolkata, Mumbai, Silvassa, Asaoti
Logistics Infrastructure: Chennai, Kolkata, Navi Mumbai
Logistics Services: Bangalore, Chennai, Delhi, Hyderabad, Kolkata, Mumbai
Engineering & Project Services and Refinery & Oilfield Services: Kolkata
Tours & Travels: Ahmedabad, Bengaluru, Chennai, Delhi, Hyderabad, Kolkata, Lucknow, Mumbai, Tiruvananthapuram, Vadodara