BALMLAWRIE

Balmer Lawrie & Company share price & financials

Price
₹181.44
Market cap
₹2.9k Cr
Sector
Diversified

What Balmer Lawrie & Company Limited does

Balmer Lawrie & Co. Ltd. is a Government of India Enterprise (CPSE) administered under the Ministry of Petroleum and Natural Gas, with its registered office in Kolkata. It is a diversified group operating across six reported business lines: Industrial Packaging, Greases & Lubricants, Chemicals, Travel & Vacations, Logistics (Services, Infrastructure and Cold Chain), and Refinery & Oil Field Services. It earns income from this mix of industrial manufacturing and B2B services alongside consumer-facing travel and logistics operations, rather than from a single core product line.

Segments

  • Industrial Packaging
  • Greases & Lubricants
  • Chemicals
  • Travel & Vacations
  • Logistics
  • Refinery & Oil Field Services
Reported business segments
6
Ownership
Government of India Enterprise (CPSE), administered under the Ministry of Petroleum and Natural Gas
Founded 1867Headquarters Kolkata, India Company website

Quarterly results

Q1 FY27: revenue up 10.0%, net profit up 6.0% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue639 630 608 681 635 −1%657 +4%744 +22%749 +10%
EBITDA70 84 95 83 67 −4%86 +2%114 +20%100 +20%
Net profit61 62 74 67 55 −10%65 +5%83 +12%71 +6%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −26.5% 1Y

₹160₹180₹200₹220₹240Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹229.53 on 10 Sept 2025 → ₹168.72. High ₹235.7 (15 Sept 2025), low ₹149.08 (30 Mar 2026).

Financials, as filed

Revenue grew 5.4% a year over 3 years, FY23 to FY26. Operating margin widened to 12.9%.

Year endingFY23FY24FY25FY26
Revenue₹2.3k Cr₹2.3k Cr₹2.5k Cr₹2.7k Cr
Operating profit₹202 Cr₹305 Cr₹313 Cr₹350 Cr
Operating margin8.7%13.0%12.4%12.9%
Interest₹19 Cr₹22 Cr₹26 Cr₹34 Cr
Depreciation₹56 Cr₹58 Cr₹59 Cr₹76 Cr
Net profit₹167 Cr₹258 Cr₹260 Cr₹270 Cr
Net margin7.2%11.0%10.3%9.9%
Cash from operations₹208 Cr₹274 Cr₹156 Cr₹289 Cr
Free cash flow₹158 Cr₹222 Cr₹90 Cr₹225 Cr
ROCE10.0%16.0%15.0%15.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹171 Cr₹171 Cr₹171 Cr₹171 Cr₹171 Cr₹171 Cr
Reserves₹1.4k Cr₹1.4k Cr₹1.5k Cr₹1.6k Cr₹1.8k Cr₹1.9k Cr
Borrowings₹125 Cr₹122 Cr₹121 Cr₹113 Cr₹237 Cr₹220 Cr
Other liabilities₹712 Cr₹736 Cr₹860 Cr₹939 Cr₹1.0k Cr₹1.1k Cr
Total liabilities₹2.4k Cr₹2.4k Cr₹2.7k Cr₹2.9k Cr₹3.2k Cr₹3.3k Cr
Fixed assets₹767 Cr₹767 Cr₹760 Cr₹751 Cr₹789 Cr₹883 Cr
Capital work in progress₹32 Cr₹11 Cr₹28 Cr₹52 Cr₹79 Cr₹34 Cr
Investments₹386 Cr₹436 Cr₹518 Cr₹565 Cr₹669 Cr₹730 Cr
Other assets₹1.2k Cr₹1.2k Cr₹1.4k Cr₹1.5k Cr₹1.7k Cr₹1.7k Cr
Total assets₹2.4k Cr₹2.4k Cr₹2.7k Cr₹2.9k Cr₹3.2k Cr₹3.3k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

The ownership split has held steady since Jun 2025. The shareholder count shrank 1% to 1,08,631.

FIIs
2.4%
DIIs
1.8%
Government
0.0%
Public
95.8%

Since Jun 2025

  • Public −0.05 pp
  • FIIs +0.04 pp
  • DIIs 0.00 pp

How it drifted, 12 quarters

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: FIIs 1.8%, DIIs 2.5%, Government 0.0%, Public 95.7%.Dec '23: FIIs 2.1%, DIIs 2.2%, Government 0.0%, Public 95.6%.Mar '24: FIIs 2.7%, DIIs 2.1%, Government 0.0%, Public 95.2%.Jun '24: FIIs 3.1%, DIIs 1.9%, Government 0.0%, Public 95.0%.Sep '24: FIIs 3.2%, DIIs 1.9%, Government 0.0%, Public 94.8%.Dec '24: FIIs 3.6%, DIIs 1.9%, Government 0.0%, Public 94.5%.Mar '25: FIIs 2.6%, DIIs 1.8%, Government 0.0%, Public 95.6%.Jun '25: FIIs 2.3%, DIIs 1.8%, Government 0.0%, Public 95.8%.Sep '25: FIIs 2.3%, DIIs 1.8%, Government 0.0%, Public 95.9%.Dec '25: FIIs 2.2%, DIIs 1.8%, Government 0.0%, Public 96.0%.Mar '26: FIIs 2.2%, DIIs 1.8%, Government 0.0%, Public 96.0%.Jun '26: FIIs 2.4%, DIIs 1.8%, Government 0.0%, Public 95.8%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of Balmer Lawrie & Company Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Balmer Lawrie Investments Limited 61.80%unchanged
Indian Syntans Investments Private Limited 1.25%unchanged
The New India Assurance Company Limited Insurer1.16%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

What the price assumes

Attractive

To justify its price of ₹169, this stock must grow earnings at 2% every year for 7 years. Our analysis caps realistic growth at ~17%. At that growth it is worth ₹383 — upside of 127%.

Growth the price implies
1.9% a year
for 7 years, fading to 4%
It has actually compounded at
17.4% a year
net profit, FY23–FY26 · EPS 17.2%
The gap
-0.2 pp
127% downside if it only repeats history
Price today ₹168.72 Value at the reference growth ₹383.15

Change the assumptions yourself →

Learn to analyse Balmer Lawrie & Company Limited

Guides on how to read this kind of business and the numbers that matter.