BALMER LAWRIE AND COMPANY LIMITED

About

Balmer Lawrie & Co. Ltd. engages in industrial packaging, greases and lubricants, chemicals, travel and vacations, logistic services and infrastructure, cold chain and refinery and oil field, businesses in India and internationally. The company offers industrial packaging products, including plain steel, lacquer lined, composite, galvanized, internally painted, and necked in, and tall drums; automotive lubricants, such as gear, hydraulic, coolant, diesel engine, agriculture, two-wheeler, passenger car motor, transmission oils, and greases. It also provides chemicals comprising finishing chemicals, such as resin, protein binders, wax emulsion, pigments, auxiliaries, oil and wax, compact binders, and lacquers; wet end chemicals, including fatliquors, vegetable/modifies vegetable tanning agents, mineral training/syntans, replacement, resin syntans, advantages and modified aldehydes tanning agents, and filters and auxiliaries; and beam house chemicals. In addition, the company offers travel and vacation services, such as ticketing, holidays, and other travel services. Further, the company offers logistics infrastructure services comprising container freight stations, warehousing and distribution, multi modal logistics park, centralized warehouse AMTZ; chartering services, cold chain and solutions, custom brokers, project logistics, rail logistics, and express movement logistics. The company was founded in 1867 and is based in Kolkata, India. Balmer Lawrie & Co. Ltd. is a subsidiary of Balmer Lawrie Investments Limited.

Key Metrics

as of Sep 2026

Market Cap3,044 Cr

P/E10.90

Div Yield4.78 %

Book Value₹121.00

52w High₹238.00

52w Low₹148.00

Face Value₹10.00

Quarterly Results

Rs. Crores · hover row for definition

Metric	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023
Sales	749.00	744.00	657.00	635.00	681.00	608.00	630.00	639.00	638.00	577.00	585.00	586.00	592.00
Expenses	649.00	630.00	571.00	568.00	597.00	514.00	546.00	569.00	574.00	485.00	511.00	511.00	528.00
Operating Profit	100.00	114.00	86.00	67.00	83.00	95.00	84.00	70.00	64.00	91.00	74.00	75.00	65.00
OPM %	13.00	15.00	13.00	11.00	12.00	16.00	13.00	11.00	10.00	16.00	13.00	13.00	11.00
Other Income	11.00	20.00	7.00	11.00	9.00	18.00	9.00	11.00	12.00	18.00	11.00	13.00	10.00
Depreciation	20.00	28.00	18.00	16.00	14.00	16.00	15.00	14.00	14.00	15.00	14.00	14.00	15.00
Interest	13.00	10.00	10.00	7.00	7.00	6.00	9.00	5.00	6.00	6.00	5.00	5.00	6.00
Profit before tax	78.00	95.00	65.00	55.00	71.00	90.00	68.00	62.00	56.00	88.00	64.00	69.00	54.00
Tax %	28.00	32.00	28.00	31.00	27.00	35.00	29.00	30.00	20.00	31.00	24.00	31.00	22.00
Net Profit	71.00	83.00	65.00	55.00	67.00	74.00	62.00	61.00	63.00	73.00	66.00	63.00	56.00
EPS in Rs	4.18	4.94	3.89	3.31	4.03	4.39	3.77	3.66	3.73	4.31	3.90	3.73	3.35

Profit & Loss

Annual · Rs. Crores

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Sales	2,706.00	2,505.00	2,328.00	2,312.00	2,051.00	1,526.00	1,532.00	1,772.00	1,720.00	1,702.00	1,591.00	3,254.00
Expenses	2,356.00	2,192.00	2,023.00	2,109.00	1,882.00	1,385.00	1,342.00	1,539.00	1,502.00	1,492.00	1,386.00	3,031.00
Operating Profit	351.00	313.00	305.00	202.00	169.00	141.00	189.00	233.00	219.00	211.00	205.00	223.00
OPM %	13.00	12.00	13.00	9.00	8.00	9.00	12.00	13.00	13.00	12.00	13.00	7.00
Other Income	46.00	50.00	51.00	37.00	37.00	49.00	51.00	51.00	51.00	56.00	63.00	64.00
Interest	33.00	27.00	22.00	18.00	14.00	12.00	15.00	7.00	4.00	5.00	5.00	23.00
Depreciation	76.00	60.00	59.00	57.00	57.00	55.00	52.00	30.00	27.00	26.00	24.00	46.00
Profit before tax	288.00	276.00	274.00	164.00	136.00	123.00	173.00	247.00	238.00	236.00	240.00	218.00
Tax %	30.00	29.00	27.00	35.00	35.00	33.00	32.00	35.00	31.00	34.00	32.00	30.00
Net Profit	270.00	259.00	236.00	168.00	134.00	115.00	155.00	197.00	165.00	155.00	164.00	152.00
EPS in Rs	16.18	15.55	14.02	10.05	8.05	7.04	9.43	11.65	9.66	9.05	9.58	8.89
Dividend Payout %	53.00	55.00	61.00	75.00	81.00	85.00	80.00	63.00	69.00	52.00	35.00	34.00

Balance Sheet

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Equity Capital	171.00	171.00	171.00	171.00	171.00	171.00	171.00	114.00	114.00	114.00	28.00	28.00
Reserves	1,898.00	1,798.00	1,650.00	1,510.00	1,416.00	1,371.00	1,383.00	1,406.00	1,342.00	1,247.00	1,210.00	1,015.00
Borrowings	220.00	106.00	113.00	121.00	122.00	125.00	120.00	81.00	15.00	0.00	0.00	197.00
Other Liabilities	1,061.00	966.00	939.00	860.00	736.00	712.00	660.00	682.00	720.00	669.00	559.00	670.00
Total Liabilities	3,349.00	3,040.00	2,873.00	2,662.00	2,445.00	2,379.00	2,334.00	2,282.00	2,191.00	2,030.00	1,798.00	1,911.00
Fixed Assets	883.00	737.00	751.00	760.00	767.00	767.00	770.00	568.00	410.00	397.00	393.00	577.00
CWIP	34.00	67.00	52.00	28.00	11.00	32.00	24.00	117.00	138.00	63.00	11.00	12.00
Investments	730.00	632.00	565.00	518.00	436.00	386.00	375.00	325.00	293.00	271.00	248.00	0.00
Other Assets	1,702.00	1,604.00	1,505.00	1,356.00	1,231.00	1,194.00	1,165.00	1,272.00	1,350.00	1,299.00	1,146.00	1,322.00
Total Assets	3,349.00	3,040.00	2,873.00	2,662.00	2,445.00	2,379.00	2,334.00	2,282.00	2,191.00	2,030.00	1,798.00	1,911.00

Cash Flows

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Cash from Operating Activity	289.00	156.00	274.00	208.00	2.00	244.00	189.00	194.00	129.00	181.00	150.00	201.00
Cash from Investing Activity	-38.00	23.00	-105.00	-48.00	137.00	-80.00	-60.00	-137.00	-19.00	-117.00	-71.00	-42.00
Cash from Financing Activity	-259.00	-189.00	-178.00	-147.00	-127.00	-149.00	-162.00	-78.00	-86.00	-73.00	-66.00	-143.00
Net Cash Flow	-7.00	-10.00	-9.00	12.00	12.00	15.00	-34.00	-21.00	24.00	-9.00	13.00	16.00
Free Cash Flow	225.00	90.00	222.00	158.00	-16.00	200.00	140.00	-1.00	26.00	103.00	111.00	110.00
CFO/OP %	107.00	80.00	111.00	127.00	28.00	191.00	129.00	119.00	94.00	126.00	116.00	123.00

Ratios

Annual · Days / % — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Debtor Days	72.00	70.00	67.00	57.00	56.00	69.00	65.00	57.00	57.00	60.00	53.00	53.00
Inventory Days	57.00	67.00	66.00	46.00	51.00	59.00	57.00	47.00	46.00	51.00	77.00	48.00
Days Payable	118.00	104.00	108.00	68.00	69.00	100.00	88.00	96.00	108.00	104.00	144.00	44.00
Cash Conversion Cycle	12.00	33.00	25.00	35.00	38.00	28.00	35.00	8.00	-4.00	8.00	-14.00	56.00
Working Capital Days	59.00	62.00	39.00	39.00	49.00	30.00	49.00	44.00	39.00	30.00	-24.00	23.00
ROCE %	15.00	15.00	16.00	10.00	8.00	8.00	11.00	16.00	17.00	18.00	20.00	20.00

Shareholding Pattern

% holding — latest first

Holder	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023
FIIs	2.38	2.22	2.16	2.26	2.34	2.58	3.58	3.22	3.07	2.71	2.12	1.82
DIIs	1.79	1.79	1.79	1.79	1.79	1.79	1.89	1.90	1.93	2.09	2.21	2.48
Public	95.79	95.96	96.03	95.94	95.84	95.61	94.50	94.85	94.98	95.17	95.63	95.66
No. of Shareholders	108,631	109,420	109,229	111,490	110,144	111,408	107,445	106,173	101,912	93,411	89,289	87,348

Corporate Actions

26 records

Action	Ex Date	Record Date	Ratio	Amount (₹)
Dividend	11 Mar 2026	11 Mar 2026	—	4.25
Dividend	16 Sep 2025	16 Sep 2025	—	8.50
Dividend	19 Sep 2024	—	—	8.50
Dividend	20 Sep 2023	—	—	7.50
Dividend	19 Sep 2022	—	—	6.50
Dividend	20 Sep 2021	—	—	6.00
Dividend	17 Sep 2020	—	—	7.50
Bonus	26 Dec 2019	28 Dec 2019	1:2	—
Dividend	09 Sep 2019	—	—	11.00
Dividend	04 Sep 2018	—	—	10.00
Dividend	06 Sep 2017	—	—	7.00
Bonus	26 Dec 2016	27 Dec 2016	3:1	—
Dividend	14 Sep 2016	—	—	20.00
Dividend	03 Sep 2015	—	—	18.00
Dividend	09 Sep 2014	—	—	18.00
Dividend	06 Sep 2013	—	—	17.60
Bonus	23 May 2013	24 May 2013	3:4	—
Dividend	10 Sep 2012	—	—	28.00
Dividend	09 Sep 2011	—	—	26.00
Dividend	07 Sep 2010	—	—	23.00
Dividend	10 Sep 2009	—	—	20.00
Dividend	12 Sep 2008	—	—	17.00
Dividend	17 Sep 2007	—	—	13.50
Dividend	13 Sep 2006	—	—	9.00
Dividend	14 Sep 2005	—	—	5.50
Dividend	04 Sep 2001	—	—	1.50