MarketFriction

Balmer Lawrie & Company Ltd

NSE BALMLAWRIE · BSE 523319 · Diversified
₹159.30 -1.15%
NSE close2026-10-01
52 week range148.36 - 212.76
Market cap₹2,766 Cr.
P/E9.91
Price band 20% Delivery 59.2%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales586585577638639630608681635657744749
Expenses511511485574569546514597568571630649
Operating Profit75749164708495836786114100
OPM %13%13%16%10%11%13%16%12%11%13%15%13%
Other Income131118121191891172011
Interest556659677101013
Depreciation141415141415161416182820
Profit before tax696488566268907155659578
Tax %31%24%31%20%30%29%35%27%31%28%32%28%
Net Profit636673636162746755658371
EPS in Rs3.733.904.313.733.663.774.394.033.313.894.944.18
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,5911,7021,7201,7721,5321,5262,0512,3122,3282,5052,7062,785
Expenses1,3861,4921,5021,5391,3421,3851,8822,1092,0232,1922,3562,418
Operating Profit205211219233189141169202305313351367
OPM %13%12%13%13%12%9%8%9%13%12%13%13%
Other Income635651515149373751504648
Interest55471512141822273340
Depreciation242627305255575759607681
Profit before tax240236238247173123136164274276288294
Tax %32%34%31%35%32%33%35%35%27%29%30%
Net Profit164155165197155115134168236259270274
EPS in Rs9.589.059.6611.659.437.048.0510.0514.0215.5516.1816.32
Dividend Payout %35%52%69%63%80%85%81%75%61%55%53%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth5%12%5%9%
Compounded Profit Growth5%18%17%3%
Stock Price CAGR4%5%2%-23%
Return on Equity12%12%14%14%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital2828114114114171171171171171171171
Reserves1,0151,2101,2471,3421,4061,3831,3711,4161,5101,6501,7981,898
Borrowings197001581120125122121113106220
Other Liabilities6705596697206826607127368609399661,061
Total Liabilities1,9111,7982,0302,1912,2822,3342,3792,4452,6622,8733,0403,349
Fixed Assets577393397410568770767767760751737883
CWIP12116313811724321128526734
Investments0248271293325375386436518565632730
Other Assets1,3221,1461,2991,3501,2721,1651,1941,2311,3561,5051,6041,702
Total Assets1,9111,7982,0302,1912,2822,3342,3792,4452,6622,8733,0403,349
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity2011501811291941892442208274156289
Cash from Investing Activity-42-71-117-19-137-60-80137-48-10523-38
Cash from Financing Activity-143-66-73-86-78-162-149-127-147-178-189-259
Net Cash Flow1613-924-21-34151212-9-10-7
Free Cash Flow11011110326-1140200-1615822290225
CFO/OP123%116%126%94%119%129%191%28%127%111%80%107%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days535360575765695657677072
Inventory Days487751464757595146666757
Days Payable4414410410896881006968108104118
Cash Conversion Cycle56-148-4835283835253312
Working Capital Days23-2430394449304939396259
ROCE %20%20%18%17%16%11%8%8%10%16%15%15%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
FIIs1.82%2.12%2.71%3.07%3.22%3.58%2.58%2.34%2.26%2.16%2.22%2.38%
DIIs2.48%2.21%2.09%1.93%1.90%1.89%1.79%1.79%1.79%1.79%1.79%1.79%
Government0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%
Public95.66%95.63%95.17%94.98%94.85%94.50%95.61%95.84%95.94%96.03%95.96%95.79%
No. of Shareholders87,34889,28993,4111,01,9121,06,1731,07,4451,11,4081,10,1441,11,4901,09,2291,09,4201,08,631

Fundamentals

Market Cap₹ 2,766 Cr.
Current Price₹ 162
Stock P/E9.91
Book Value₹ 121
ROCE14.6 %
ROE13.7 %
Dividend Yield5.26 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)9%
Compounded Profit Growth (TTM)3%
Consolidated figures.
Valuation
Market capRs 2,724 Cr
Enterprise valueRs 2,491 Cr
P/E (TTM)9.76x
Price to book1.32x
Price to sales0.98x
EV / EBITDA6.00x
EV / EBIT7.46x
EV / sales0.89x
Price to cash flow9.42x
Earnings yield10.24%
Dividend yield5.34%
P/E, 3-year average12.70x
P/B, 3-year average1.69x
P/E, 5-year average12.63x
P/B, 5-year average1.48x
Profitability
Operating margin (excl. other income)12.97%
Operating margin (incl. other income)14.67%
EBITDA margin14.90%
Pre-tax margin10.56%
Net profit margin10.02%
Net margin, latest quarter9.54%
ROE13.70%
ROCE14.72%
ROA8.66%
ROE, 3-year average13.81%
ROCE, 3-year average15.23%
ROA, 3-year average8.77%
ROE, 5-year average12.15%
ROCE, 5-year average12.99%
ROA, 5-year average7.75%
ROIC (approx.)12.79%
Tax rate29.62%
Other income / net worth2.23%
Growth
Sales growth (latest year)8.06%
Profit growth (latest year)4.00%
Sales CAGR, 3 years5.40%
Sales CAGR, 5 years12.15%
Profit CAGR, 3 years17.19%
Profit CAGR, 5 years18.11%
Sales growth QoQ0.65%
Profit growth QoQ-15.51%
Sales growth YoY (latest quarter)10.00%
Profit growth YoY (latest quarter)3.60%
Per share
EPS (TTM)Rs 16.32
EPS (latest year)Rs 16.18
EPS (latest quarter)Rs 4.18
EPS, 3-year averageRs 15.25
EPS, 5-year averageRs 12.77
Book value per shareRs 120.99
Sales per shareRs 162.87
Cash flow per shareRs 16.91
Free cash flow per shareRs 13.16
Dividend per share (latest year)Rs 8.50
Dividend per share, 3-year averageRs 8.50
Dividend per share, 5-year averageRs 7.90
Dividends
Dividend payout52.55%
Dividend payout, 3-year average55.94%
Dividend payout, 5-year average64.65%
Efficiency
Asset turnover0.81x
Fixed asset turnover3.07x
Inventory turnover11.17x
Inventory days33 days
Debtor days72 days
Debtors turnover5.06x
Creditor days118 days
Cash conversion cycle12 days
Working capital days59 days
Leverage
Total debtRs 220 Cr
Cash and bankRs 453 Cr
Net debtRs -233 Cr
Debt to equity0.11x
Net debt / EBITDA-0.56x
Interest coverage8.43x
Current ratio (filing 2026-03-31)2.13x
Quick ratio (filing 2026-03-31)1.92x
Trade payables (filing 2026-03-31)Rs 345 Cr
Owners' fund to total sources61.77%
Debt to assets6.56%
Cash flow
Cash from Operating Activity (latest year)Rs 289 Cr
Cash from Investing Activity (latest year)Rs -38 Cr
Cash from Financing Activity (latest year)Rs -259 Cr
Net Cash Flow (latest year)Rs -7 Cr
Free cash flow (latest year)Rs 225 Cr
FCFE (approx.: FCF + change in debt)Rs 339 Cr
Cash from ops / profit, 5 years0.87x
Sales to cash flow9.36x
Statement figures
Net sales (TTM)Rs 2,785 Cr
Net sales (latest year)Rs 2,706 Cr
Sales (latest quarter)Rs 749 Cr
Operating profit excl. other income (latest year)Rs 351 Cr
Operating profit (latest quarter)Rs 100 Cr
Other income (TTM)Rs 48 Cr
EBITDA (TTM)Rs 415 Cr
PBDT (TTM)Rs 375 Cr
Profit before tax (TTM)Rs 294 Cr
Tax (latest year)Rs 85 Cr
Net profit (TTM)Rs 279 Cr
Net profit (latest year)Rs 277 Cr
Net profit (latest quarter)Rs 71 Cr
Depreciation (TTM)Rs 81 Cr
Depreciation (latest quarter)Rs 20 Cr
Interest (TTM)Rs 40 Cr
Cost of goods sold (latest year)Rs 1,884 Cr
Total expenditure (latest year)Rs 2,356 Cr
Total income (latest year)Rs 2,753 Cr
Share capitalRs 171 Cr
ReservesRs 1,898 Cr
Shareholders' fundsRs 2,069 Cr
Total assetsRs 3,349 Cr
Net blockRs 883 Cr
Capital work in progressRs 34 Cr
InvestmentsRs 730 Cr
ReceivablesRs 535 Cr
InventoryRs 169 Cr
Other liabilitiesRs 1,061 Cr
Shares outstanding (crore)17.10
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 9.8 is at the 6th percentile of its own 9.4-year range (median 13.8, low 6.8, high 28.3).
P/B 1.32 is at the 24th percentile (median 1.47).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodBALMLAWRIENifty 50Difference
1 week-3.0%-2.8% -0.2 pts
1 month-9.6%-6.8% -2.8 pts
3 months-12.5%-7.6% -4.9 pts
6 months+6.9%+0.4% +6.4 pts
1 year-24.2%-9.9% -14.3 pts
2 years-39.5%-13.6% -25.9 pts
3 years+3.6%+14.2% -10.6 pts
5 years+23.8%+27.9% -4.1 pts
1 mutual fund schemes hold about ₹0 Cr. Over three months 0 bought more and 0 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Motilal Oswal BSE 1000 Index Fund0.01%0

Red flags

F-score 5 of 8
lookAuditor change Auditor change 2026-09-16: Balmer Lawrie & Company Limited has informed the Exchange regarding Change in Auditors of the company.
lookRegulator order or action Regulator order or action 2026-08-28: Disclosure under Regulation 30 read with Point 20 (b) of Para A of Part A of Schedule III of Securities and Exchange Board of India ( SEBI )
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹749 Cr +10.0% vs Jun 2025. Net profit ₹71 Cr +6.0%.
Against our estimate for Jun 2026: sales -2.9%, profit -6.8% miss. Our estimate for Sep 2026: sales Rs 738 Cr, profit Rs 71 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-11Dividend - Rs 4.25 Per Share
2026-03-11Interim Dividend - Rs 4.25 Per Share
2025-09-16Dividend - Rs 8.50 Per Share
2024-09-19Dividend - Rs 8.50 Per Share
2023-09-20Dividend - Rs 7.50 Per Share
2022-09-19Dividend - Rs 6.5 Per Share
2021-09-20 Annual General Meeting/Dividend - Rs 6 Per Share
2020-09-17 Annual General Meeting/Dividend - Rs 7.50 Per Share
2019-12-26 Bonus 1:20.6667
2019-09-09 Annual General Meeting/Dividend - Rs 11 Per Share
2018-09-04 Annual General Meeting/Dividend- Rs 10 Per Share
2017-09-06 Annual General Meeting/Dividend - Rs 7/- Per Share
2016-12-26 Bonus 3:10.2500
2016-09-14 Dividend Rs 20/- Per Share
2015-09-03 Annual General Meeting/ Dividend - Rs 18/- Per Share
2014-09-09Annual General Meeting/Dividend - Rs.18/- Per Sh
2013-09-06Annual General Meeting And Dividend Rs.17.60 Per Share
2013-05-23Bonus 3:40.5714
2012-09-10Annual General Meeting/Dividend Rs 28 Per Share
2011-09-09Dividend Rs 26 Per Share
2010-09-07Annual General Meeting And Dividend Rs.23/- Per Share
2009-09-10Agm/Div-Rs.20/- Per Share
2008-09-12Agm/Dividend - 170%
2007-09-17Agm/Div-Rs.13.50/- Per Sh
2006-09-13Dividend-Rs.9.00 Per Sh
DateTypeWhat it says
2026-09-22Director changeChange in Director(s) of the company.
2026-09-22Shareholder meetingSubmission of Voting Results under Regulation 30 and Regulation 44(3) of SEBI (LODR) Regulations, 2015 along with Consolidated Scrutiniser Report for ...
2026-09-21Press ReleaseDisclosure under Regulation 30 of Securities and Exchange Board of India ( SEBI ) (Listing Obligations and Disclosure Requirements) Regulations, 2015 ...
2026-09-21Shareholder meetingDisclosure under Regulation 30 of Securities and Exchange Board of India ( SEBI ) (Listing Obligations and Disclosure Requirements) Regulations, 2015 ...
2026-09-16General UpdatesDisclosure under Regulation 30 of Securities and Exchange Board of India ( SEBI ) (Listing Obligations and Disclosure Requirements) Regulations, 2015 ...
2026-09-16Change in AuditorsChange in Auditors of the company.
2026-08-28Regulatory actionDisclosure under Regulation 30 read with Point 20 (b) of Para A of Part A of Schedule III of Securities and Exchange Board of India ( SEBI ) (Listing ...
2026-08-28Shareholder meetingNotice of 109th AGM and Annual Report for FY 2025-26
2026-08-26General UpdatesIn terms of Regulation 30 read with Point 20 (b) of Para A of Part A of Schedule III of the Listing Regulations read with applicable Circulars issued ...
2026-08-18AppointmentIn terms of Regulation 30 of the Listing Regulations, this is to hereby inform that in line with recommendation of Nomination and Remuneration Committ...
2026-08-18AppointmentAppointment of Mr Adv. Dominic Tadar as Non- Executive Independent Director of the company w.e.f. August 18, 2026.
2026-08-18General UpdatesDisclosure under Regulation 30 of Securities and Exchange Board of India ( SEBI ) (Listing Obligations and Disclosure Requirements) Regulations, 2015 ...
2026-08-18Regulatory actionDisclosure under Regulation 30 of Securities and Exchange Board of India ("SEBI") {Listing Obligations and Disclosure Requirements) Regulations, 2015 ...
2026-08-01Press ReleaseDisclosure under Regulation 30 of Securities and Exchange Board of India ( SEBI ) (Listing Obligations and Disclosure Requirements) Regulations, 2015 ...
2026-08-01Record DateFixation of Record Date for the purpose of declaration of Final Dividend, if declared at the 109th AGM in respect of Financial Year 2025-26
2026-08-01General UpdatesA) Outcome of the Board Meeting:1. Fixation of the Date, time and Venue of the 109th Annual General Meeting ( AGM ) to be held in physical mode and ap...
2026-08-01Board meeting outcomeDisclosure under Regulation 30 and Regulation 33 of Securities and Exchange Board of India ( SEBI ) (Listing Obligations and Disclosure Requirements) ...
2026-08-01Board meeting outcomeOutcome of Board Meeting of Balmer Lawrie & Co. Ltd. held on 1st August, 2026
2026-07-25General UpdatesNewspaper Advertisement- Notice for Transfer of Equity Shares of the Company to Demat Account of the Investor Education and Protection Fund (IEPF) Au...
2026-07-21AppointmentAppointment of Shri Rakesh Ranjan Choudhary as Vice President (E&P) and as part of the Senior Management of the Company, as defined in Regulation 16(1...
2026-07-07UpdatesThis has reference to our disclosure dated 17th May, 2026, wherein, the Company had inter-alia, disclosed the Statutory Auditors Report of even date w...
2026-06-30CessationDisclosure under Regulation 30 of Securities and Exchange Board of India ( SEBI ) (Listing Obligations and Disclosure Requirements) Regulations, 2015 ...
2026-06-27General UpdatesDisclosure under Regulation 30 of Securities and Exchange Board of India ( SEBI ) (Listing Obligations and Disclosure Requirements) Regulations, 2015 ...
2026-06-18AppointmentDisclosure under Regulation 30 of Securities and Exchange Board of India ( SEBI ) (Listing Obligations and Disclosure Requirements) Regulations, 2015 ...
2026-06-01Regulatory actionDisclosure under Regulation 30 read with Point 20 (b) of Para A of Part A of Schedule III of Securities and Exchange Board of India ( SEBI ) (Listing ...
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2020-02-14CESTATDELHI II ---VS.--- BALMER LAWRIE & CO LTD
2020-02-14CESTATBALMER LAWRIE & CO LTD ---VS.--- DELHI II
2019-11-19CESTATDELHI II ---VS.--- BALMER LAWRIE & CO LTD
2019-11-19CESTATBALMER LAWRIE & CO LTD ---VS.--- DELHI II
2019-09-26CESTATDELHI II ---VS.--- BALMER LAWRIE & CO LTD
2019-09-26CESTATBALMER LAWRIE & CO LTD ---VS.--- DELHI II
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Balmer Lawrie & Company Ltd?

Balmer Lawrie & Company Ltd (BALMLAWRIE) has a market capitalisation of Rs 2,766 Cr. at the 2026-10-01 close.

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

Balmer Lawrie & Company Ltd trades at a P/E of 9.91 on trailing twelve-month profit, at the 2026-10-01 close.

What were Balmer Lawrie & Company Ltd's latest quarterly results?

In the Jun 2026 quarter, Balmer Lawrie & Company Ltd sales was Rs 749 Cr (+10.0% vs Jun 2025) and net profit was Rs 71 Cr.

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

The 52-week high is Rs 212.76 and the 52-week low is Rs 148.36.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03