Balmer Lawrie & Company Ltd
- P/E
- 9.6x
- 52-week range
- 148 – 206.1
- ROE
- 14%
- ROCE
- 15%
- Sector
- Diversified
- Industry
- Diversified
- Listed on
- NSE, BSE
About
Balmer Lawrie and Company Limited is an India-based company, which is engaged in steel barrels, industrial greases and specialty lubricants, corporate travel, and logistics services. It is also engaged in the business of industrial packaging, greases and lubricants, chemicals and logistics. The Company’s segments include Industrial Packaging, Logistics Services, Logistics Infrastructure, Travel & Vacations, Greases & Lubricants and Others. The Greases & Lubricants business is divided into three categories: channel sales (automotive and industrial), direct business-to-business (B2B) sales and contract manufacturing. Travel & Vacations provides end-to-end domestic and international travel services, including ticketing, tourism, and meetings, incentives, conferences and exhibition-related services to its clients. Industrial Packaging unit manufactures open-head, tight-head, plain, lacquered, composite, galvanized, tall, necked-in and conical drums catering to diverse industry segments.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Diversified: 14 companies →Balmer Lawrie & Company Ltd against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)9.6 against a typical 15: cheaper than most peers (1st = cheapest).3rd of 14
- Sales growth+10% against a typical +10.1% from a year earlier.8th of 14
- Profit growth+6% against a typical +30.9% from a year earlier.8th of 13
- Share price, 3 months−11.3% against a typical −11.3%.7th of 13
Latest announcements
Exchange filings and their impact on the company.
- Balmer Lawrie challenged the Karnataka GST appeal order for FY21 in High Court, delaying any payout.
Balmer Lawrie said it filed a writ petition in the Karnataka High Court on 5 October 2026 challenging the GST appellate order dated 17 August 2026 for FY 2020-21. The order relates to alleged short declaration of outward supplies and excess input tax credit on reverse charge transactions. The company did not disclose the demand amount, and the court case means no payment is likely in the near term.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
High safety
Rated AA+ by 2 agencies- All agencies agree and none has raised a warning.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| ICRA | [ICRA]AA+ | Stable | 30 Mar 2026 |
| CARE | CARE AA+ / CARE A1+ | Stable | 22 Dec 2025 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 30 Mar 2026 | Reaffirmed | [ICRA]AA+ | — | ICRA | ₹ 230 Cr. | |
| 22 Dec 2025 | Reaffirmed | CARE AA+ / CARE A1+ | — | CARE | ₹ 170 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 2 Nov 2026Upcoming | Financial Results/Other business matters | In terms of Regulation 29 of the Securities and Exchange Board of India ( SEBI ) (Listing Obligations and Disclosure Requirements) Regulations, 2015, (as amended) ( Listing Regulations ), this is to hereby inform that a Meeting of the Board of Directors of the Company is scheduled to be held on Monday, 2nd November, 2026 to, inter-alia, consider the approval of Unaudited Financial Results (both Standalone and Consolidated) for the second quarter and half year of Financial Year 2026-27 ended on 30th September, 2026 (subject to prior review by the Audit Committee of the Company).Further to our intimation dated 24th September, 2026, it may be noted that as per the Company s Code of Conduct to Regulate, Monitor and Report Trading by Designated Persons and Immediate Relative of Designated Persons (as amended), framed pursuant to the provisions of SEBI (Prohibition of Insider Trading) Regulations, 2015, (as amended), the Trading Window of the Company which has already been closed for Designated Persons and their immediate relatives and Insider with effect from Thursday, 1st October, 2026 and shall continue to remain closed till 48 hours after the declaration of the Financial Results for the aforesaid period. |
| 1 Aug 2026 | Financial Results/Other business matters | Intimation of Board Meeting inter-alia, for:(a) Consideration of Unaudited Financial Results (both Standalone and Consolidated) for the first quarter of Financial Year 2026-27 ended on 30th June, 2026;(b) Closure of Trading Window |
| 15 May 2026 | Bonus | Intimation of Board Meeting inter-alia, for:i. Consideration of Audited Financial Results (both Standalone and Consolidated) for the Fourth Quarter and Financial Year ended on 31st March, 2026;ii. Recommendation of Final Dividend, if any, on the Equity Shares of the Company for the Financial Year ended on 31st March, 2026;iii. Analysis/Deliberation regarding Buy back of shares, Issue of Bonus Shares and Splitting of Shares in light of evaluation of Consolidated Guidelines on general principles and mechanism for Capital Restructuring of CPSEs issued by Ministry of Finance, Department of Investment & Public Asset Management (DIPAM) |
| 5 Mar 2026 | Dividend/Other business matters | Intimation of Board Meeting, inter-alia, for:(a) Consideration of payment of Interim Dividend for Financial Year 2025-26;(b) Closure of Trading Window |
| 6 Feb 2026 | Financial Results/Other business matters | (a) Approval of Unaudited Financial Results (both Standalone and Consolidated) for the third quarter and nine months ended on 31st December, 2025;(b) Closure of Trading Window |
| 6 Nov 2025 | Financial Results/Other business matters | In terms of Regulation 29 of the SEBI (LODR) Regulations, 2015, (as amended), this is to hereby inform that a Meeting of the Board of Directors of the Company is scheduled to be held on Thursday, 6th November 2025 to, inter-alia, consider the approval of Unaudited Financial Results (both Standalone and Consolidated) for the 2nd quarter and half year of FY 2025-26 ended on 30th September, 2025.Further to our intimation dated 26.09.2025, the Company s Code of Conduct to Regulate, Monitor and Report Trading by Designated Persons and Immediate Relative of Designated Persons , framed pursuant to the provisions of SEBI (Prohibition of Insider Trading) Regulations, 2015, (as amended), the Trading Window of the Company which has already been closed for Designated Persons and their immediate relatives and Insider with effect from Wednesday, 01.10.2025 and shall continue to remain closed till 48 hours after the declaration of the Financial Results for the said period. |
| 6 Aug 2025 | Financial Results/Other business matters | In terms of Regulation 29 of the Securities and Exchange Board of India ( SEBI ) (Listing Obligations and Disclosure Requirements) Regulations, 2015, ( Listing Regulations ), this is to hereby inform that a Meeting of the Board of Directors of the Company is scheduled to be held on Wednesday, 6th August, 2025 to, inter-alia, consider the approval of Unaudited Financial Results (both Standalone and Consolidated) for the first quarter of the Financial Year 2025-26 ended on 30th June, 2025 (subject to prior review by the Audit Committee of the Company).Further to our intimation dated 25th June, 2025, it may be noted that as per the Company s Code of Conduct to Regulate, Monitor and Report Trading by Designated Persons and Immediate Relative of Designated Persons (as amended), framed pursuant to the provisions of SEBI (Prohibition of Insider Trading) Regulations, 2015, (as amended), the Trading Window of the Company which has already been closed for Designated Persons and their immediate relatives and Insider with effect from Tuesday, 1st July, 2025 and shall continue to remain closed till 48 hours after the declaration of the Financial Results for the aforesaid period. |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 586 | 585 | 577 | 638 | 639 | 630 | 608 | 681 | 635 | 657 | 744 | 749 |
| Expenses | 511 | 511 | 485 | 574 | 569 | 546 | 514 | 597 | 568 | 571 | 630 | 649 |
| Operating Profit | 75 | 74 | 91 | 64 | 70 | 84 | 95 | 83 | 67 | 86 | 114 | 100 |
| OPM % | 13% | 13% | 16% | 10% | 11% | 13% | 16% | 12% | 11% | 13% | 15% | 13% |
| Other Income | 13 | 11 | 18 | 12 | 11 | 9 | 18 | 9 | 11 | 7 | 20 | 11 |
| Interest | 5 | 5 | 6 | 6 | 5 | 9 | 6 | 7 | 7 | 10 | 10 | 13 |
| Depreciation | 14 | 14 | 15 | 14 | 14 | 15 | 16 | 14 | 16 | 18 | 28 | 20 |
| Profit before tax | 69 | 64 | 88 | 56 | 62 | 68 | 90 | 71 | 55 | 65 | 95 | 78 |
| Tax % | 31% | 24% | 31% | 20% | 30% | 29% | 35% | 27% | 31% | 28% | 32% | 28% |
| Net Profit | 63 | 66 | 73 | 63 | 61 | 62 | 74 | 67 | 55 | 65 | 83 | 71 |
| EPS in Rs | 3.73 | 3.9 | 4.31 | 3.73 | 3.66 | 3.77 | 4.39 | 4.03 | 3.31 | 3.89 | 4.94 | 4.18 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 6%
- 5 Years
- 12%
- 3 Years
- 6%
- TTM
- 9%
- 10 Years
- 5%
- 5 Years
- 18%
- 3 Years
- 17%
- TTM
- 3%
- 10 Years
- 4%
- 5 Years
- 7%
- 3 Years
- 6%
- TTM
- —
- 10 Years
- 12%
- 5 Years
- 12%
- 3 Years
- 14%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Balmer Lawrie & Company Ltd | ₹ 156.40 | — | 9.6x | — | 14% | — |
| Bharat Forge | ₹ 1,709.60 | ₹ 81,734 Cr. | 79.6x | 9.7x | 0% | 0% |
| Havells India | ₹ 1,032.00 | ₹ 64,764 Cr. | 41.2x | 7.4x | 0% | 0% |
| Schaeffler India | ₹ 3,468.00 | ₹ 54,379 Cr. | 53.6x | 10.2x | 0% | 0% |
| Sterlite Technologies | ₹ 829.00 | ₹ 42,603 Cr. | 826x | 19.3x | 0% | 0% |
| R R Kabel | ₹ 2,150.60 | ₹ 26,329 Cr. | 54.2x | 10.7x | 0% | 0% |
Management
- Adhip Nath Palchaudhuri
- Executive Chairman of the Board, Managing Director, Director - Service Businesses
- Saurav Dutta
- Chief Financial Officer, Director (Finance), Whole Time Director
- Kavita Bhavsar
- Compliance Officer, Company Secretary
- Abhijit Ghosh
- Whole Time Director, Director (Human Resource and Corporate Affairs)
- Romon Sebastian Louis
- Whole-Time Director, Director (Service Businesses)
- Raja Mani Uthayaraja
- Whole-time Executive Director, Director - Manufacturing Businesses
Prices are delayed and for information only. Nothing on this page is investment advice.