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    Balmer Lawrie & Company Limited

    Government of India enterprise (CPSE) running six businesses: packaging, lubricants, chemicals, travel, logistics, oilfield services.

    Diversified
    Diversified
    ₹181.44
    +0.30% from avg

    Overview

    Price

    ₹181.44

    Market Cap

    ₹3.0k Cr

    Sector

    Diversified

    Diversified

    Rank

    4

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital171171171171171171171171
    Reserves1.4k1.4k1.4k1.5k1.6k1.8k1.8k1.9k
    Borrowings120125122121113106237220
    Other Liabilities6607127368609399661.0k1.1k
    Total Liabilities2.3k2.4k2.4k2.7k2.9k3.0k3.2k3.3k
    AssetsFixed Assets770767767760751737789883
    CWIP2432112852677934
    Investments375386436518565632669730
    Other Assets1.2k1.2k1.2k1.4k1.5k1.6k1.7k1.7k
    Total Assets2.3k2.4k2.4k2.7k2.9k3.0k3.2k3.3k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating1941892442208274156289
    Cash from Investing-137-60-80137-48-10523-38
    Cash from Financing-78-162-149-127-147-178-189-259
    SummaryCapital Expenditure
    Free Cash Flow-1140200-1615822290225
    FCF Margin

    Valuation

    Assumptions

    Current — BALMLAWRIE
    Price
    ₹181
    EPS (TTM)
    ₹16.17
    PE (TTM)
    11.2
    Profit growth
    17.4%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (13.5×) and current (11.2×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹181
    vs
    Fair value · 15% return
    ₹177
    3%Overvalued

    At 17.4% growth and a 11× exit, ₹181 only delivers your return if you pay ₹177. The price is currently baking in 18% growth.

    EPS grows 17.4%/yr for 5 years, then fades to 6% over 2, exits at 11×.

    YearGrowthEPS (₹)
    FY2717.4%18.98
    FY2817.4%22.29
    FY2917.4%26.16
    FY3017.4%30.72
    FY3117.4%36.06
    FY3211.7% ·fade40.28
    FY336.0% ·fade42.70

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

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