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Swing Capital

Balmer Lawrie & Company Ltd

NSE: BALMLAWRIE BSE: 523319Energy

Balmer Lawrie & Company Ltd is engaged in the business of Industrial Packaging, Greases & Lubricants, Leather Chemicals, Logistic Services and Infrastructure, Refinery & Oil Field and Travel & Vacation Services in India. [1]

₹184
52W: ₹148 — ₹238
PE 12.8 · Book ₹87 · +111% vs book
Market Cap₹3,150 Cr
Stock P/E12.8Price to Earnings
ROCE22.9%Return on Capital
ROE16.1%Return on Equity
Div. Yield4.61%Face Value ₹10

Shareholding Pattern

Promoters0%
FIIs2.22%
DIIs1.79%
Public95.96%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters0%0%0%0%0%0%0%0%
FIIs3.07%3.22%▲0.23.58%▲0.42.58%▼1.02.34%▼0.22.26%▼0.12.16%▼0.12.22%▲0.1
DIIs1.93%1.9%▼0.01.89%▼0.01.79%▼0.11.79%1.79%1.79%1.79%
Public94.98%94.85%▼0.194.5%▼0.395.61%▲1.195.84%▲0.295.94%▲0.196.03%▲0.195.96%▼0.1

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales579569631634626604676630653740
Expenses509522570565542520593564569637
Operating Profit714761698383826585103
OPM %12%8%10%11%13%14%12%10%13%14%
Net Profit51514750558256485191
EPS ₹332.742.913.24.773.272.842.975.29

AI Insights

Revenue Trend

Mar 2026 revenue at ₹2,699Cr, up 8.7% YoY. OPM at 12%.

Debt Position

Borrowings at ₹144Cr. Debt-to-equity ratio: 0.10x. Healthy balance sheet.

Capex Cycle

CWIP at ₹34Cr (5% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 1.79% (-0.66pp change). FIIs: 2.22% (+0.27pp change). Promoters hold 0%.

Margin & Efficiency

ROCE declining from 25% (Mar 2015) to 22% (Mar 2026). Working capital days: 65.

Valuation

PE 12.8x with 22.9% ROCE. Price is 111% above book value of ₹87. Dividend yield: 4.61%.

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