Balmer Lawrie Invsts

₹747.1 10.9 | 1.5%

WEBSITE BSE:532485 NSE : BALMER LA.IN 10 May, 16:01

Market Cap ₹1658 Cr.

Stock P/E 11.1

P/B 1.4

Current Price ₹747.1

Book Value ₹ 548.9

Face Value 10

52W High ₹810.8

Dividend Yield 4.42%

52W Low ₹ 379.9

Edit Ratio

Balmer Lawrie Invsts Research see more...

Overview Inc. Year: 2001Industry: Finance - NBFC

Balmer Lawrie Investments Ltd (BLI) is an totally India-based agency, which is engaged in maintaining equity stocks of its subsidiary, Balmer Lawrie & Co. Ltd. The Company is also a NBFC. The Company is below the executive control of the Ministry of Petroleum & Natural Gas, Government of India. The Company's different subsidiaries include Balmer Lawrie (U.K.) Ltd. (BLUK) and Visakhapatnam Port Logistics Park Ltd (VPLPL).

Balmer Lawrie Invsts Share Price

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Peer Comparison

Balmer Lawrie Invsts Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Operating Revenue	490	506	577	649	553	516	610	594	587	587
Other Income	7	5	23	8	8	3	17	10	13	11
Total Income	497	512	599	658	561	519	628	605	600	598
Total Expenditure	457	470	518	587	513	464	556	528	511	511
Operating Profit	40	42	81	71	48	55	72	77	89	87
Interest Expense	3	4	3	5	4	5	5	6	5	5
Depreciation	14	14	14	14	14	14	14	15	14	14
Profit Before Tax	24	24	64	52	30	36	53	56	70	67
Provision for Tax	8	6	27	11	11	10	26	13	21	16
Profit After Tax	16	18	37	41	19	25	27	43	49	51
Adjustments	2	-1	-7	-5	4	-1	2	-6	-8	-8
Profit After Adjustments	18	18	30	36	23	24	28	37	41	43
Adjusted Earnings Per Share	7.9	8	13.5	16	10.2	11	12.7	16.6	18.3	19.4

Balmer Lawrie Invsts Profit & Loss

#(Fig in Cr.)	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Operating Revenue	1783	1543	1536	2061	2328	2378
Other Income	63	55	77	45	50	51
Total Income	1846	1599	1613	2106	2379	2431
Total Expenditure	1554	1350	1416	1895	2133	2106
Operating Profit	292	248	197	211	246	325
Interest Expense	7	15	12	14	18	21
Depreciation	30	52	55	57	57	57
Profit Before Tax	254	182	162	186	232	246
Provision for Tax	88	58	42	49	59	76
Profit After Tax	167	124	121	137	172	170
Adjustments	-38	-19	-41	-49	-61	-20
Profit After Adjustments	129	106	80	88	111	149
Adjusted Earnings Per Share	57.9	47.6	35.9	39.8	50	67

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	13%	15%	0%	0%
Operating Profit CAGR	17%	-0%	0%	0%
PAT CAGR	26%	12%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	92%	16%	14%	14%
ROE Average	15%	13%	13%	13%
ROCE Average	21%	17%	18%	18%

Balmer Lawrie Invsts Balance Sheet

#(Fig in Cr.)	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	1074	1103	1098	1116	1112
Minority's Interest	632	638	628	634	734
Borrowings	76	94	93	88	82
Current Liability	521	495	527	529	644
Other Liabilities & Provisions	118	150	181	208	225
Total Liabilities	2420	2480	2527	2575	2798
Loans	0	0	0	0	0
Investments	326	376	386	436	518
Fixed Assets	567	769	767	766	759
Other Loans	16	13	11	15	13
Other Non Current Assets	197	25	33	11	29
Current Assets	1315	1297	1329	1345	1478
Total Assets	2420	2480	2527	2575	2798

Balmer Lawrie Invsts Cash Flow

#(Fig in Cr.)	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	76	56	22	36	48
Cash Flow from Operating Activities	177	187	247	23	206
Cash Flow from Investing Activities	-137	-60	-80	137	-48
Cash Flow from Financing Activities	-61	-159	-153	-148	-145
Net Cash Inflow / Outflow	-21	-32	14	12	13
Closing Cash & Cash Equivalent	56	23	36	48	61

Balmer Lawrie Invsts Ratios

#	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	57.91	47.63	35.92	39.75	49.98
CEPS(Rs)	88.69	79.28	79.14	87.29	103.24
DPS(Rs)	34	37.5	38	30	33
Book NAV/Share(Rs)	483.9	497.1	494.64	502.79	500.91
Net Profit Margin	9.34	8.05	7.85	6.66	7.4
Operating Margin	14.66	12.74	11.34	9.67	10.72
PBT Margin	14.26	11.78	10.57	9.01	9.94
ROA(%)	6.88	5.07	4.82	5.38	6.42
ROE(%)	15.51	11.41	10.96	12.39	15.47
ROCE(%)	22.64	16.7	14.56	16.58	20.69
Price/Earnings(x)	6.72	6.13	13.02	9.29	7.1
Price/Book(x)	0.8	0.59	0.95	0.73	0.71
Dividend Yield(%)	8.73	12.85	8.12	8.12	9.3
EV/Net Sales(x)	0.2	0.1	0.3	0.18	0.13
EV/Core EBITDA(x)	1.24	0.59	2.33	1.78	1.19
Interest Earned Growth(%)	0	-13.46	-0.47	34.15	12.99
Net Profit Growth	0	-25.41	-2.89	13.72	25.62
EPS Growth(%)	0	-17.76	-24.58	10.67	25.72
Interest Coverage(x) %	36.7	13.22	14.63	14.67	13.91

Balmer Lawrie Invsts Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	59.67	59.67	59.67	59.67	59.67	59.67	59.67	59.67	59.67	59.67
FII	4.27	3.35	1.25	0.67	0.66	0.32	0.38	0.68	0.82	1.08
DII	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.14
Public	35.91	36.83	38.93	39.51	39.52	39.87	39.8	39.51	39.36	39.1
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	1.32	1.32	1.32	1.32	1.32	1.32	1.32	1.32	1.32	1.32
FII	0.09	0.07	0.03	0.01	0.01	0.01	0.01	0.02	0.02	0.02
DII	0	0	0	0	0	0	0	0	0	0
Public	0.8	0.82	0.86	0.88	0.88	0.89	0.88	0.88	0.87	0.87
Others	0	0	0	0	0	0	0	0	0	0
Total	2.22	2.22	2.22	2.22	2.22	2.22	2.22	2.22	2.22	2.22

Pros

Debtor days have improved from 102.16 to 101.02days.
Company has reduced debt.
Company is almost debt free.

Cons

Company has a low return on equity of 13% over the 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.