Balmer Lawrie & Co. Ltd. (BALMLAWRIE) AI Stock Analysis

• Market Cap: ₹28.11B
• Dividend Yield: 4.74%
• Average Volume (3M): 27.84K
• Price to Earnings (P/E): 11.8
• Beta (1Y): 1.61
• Revenue Growth: 4.77%
• EPS Growth: -0.62%
• Country: IN
• Employees: 863
• Sector: Services
• Sector Strength: N/A
• Industry: Conglomerates
• EPS (TTM): 3.89
• Shares Outstanding: 171,003,850
• 10 Day Avg. Volume: 10,752
• 30 Day Avg. Volume: 27,837
• PEG Ratio: 1.11
• Price to Book (P/B): 1.64
• Price to Sales (P/S): 1.29
• P/FCF Ratio: 36.65
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 68 Neutral
• Price Target: ₹177.00 ▼(-3.88% Downside)
• Action: Reiterated Date: 11/26/25
• Date: Action: Reiterated 11/26/25

Balmer Lawrie & Co. Ltd. has strong financial performance and attractive valuation, which are significant positives. However, the technical analysis indicates bearish momentum, which is a concern. The absence of earnings call and corporate events data limits further insights.

Positive Factors

Revenue growth & margin expansion

Sustained revenue growth coupled with improved gross and EBIT margins indicates the company is raising operating efficiency and pricing power across lines. This structural improvement supports durable earnings, internal reinvestment and resilience to cost shocks over the next several quarters.

Strong balance sheet and low leverage

A healthy equity ratio and low leverage provide long-term financial flexibility: the company can fund capex, weather downturns, and selectively pursue strategic investments without stressing solvency. This structural strength reduces refinancing and liquidity risk over time.

Positive free cash flow generation

Consistent positive free cash flow underpins sustainable capital allocation — funding maintenance capex, dividends, and debt service. Even with some decline, ongoing FCF supports operational independence and the ability to finance strategic initiatives without heavy external funding.

Negative Factors

Declining operating cash flow

A drop in operating cash flow is a structural red flag: it narrows the gap between reported profits and cash available for reinvestment or distributions. If the trend persists, the company may need to cut investments, tap external financing, or reduce shareholder returns, weakening resilience.

Modest top-line and EPS growth

Low-to-moderate revenue and EPS growth point to constrained expansion or strong competitive headwinds. Over a multi-quarter horizon, subdued organic growth limits earnings compounding and reduces optionality for large strategic moves, pressuring long-term upside potential.

Cyclicality from volume-driven businesses

Revenue dependence on goods volumes and contract wins creates exposure to industrial and economic cycles. Structural downturns or lower industrial activity can compress utilization and margins, making earnings and cash flow more volatile across planning horizons.

Balmer Lawrie & Co. Ltd. Business Overview & Revenue Model

Company Description

Balmer Lawrie & Co. Ltd. engages in industrial packaging, greases and lubricants, leather chemicals, logistic services, refinery and oil field, and travel and vacation services businesses in India and internationally. The company offers industrial packaging products, including plain steel, lacquer lined, composite, galvanized, conical, internally painted, and necked in, and tall drums for packaging lubricants; industrial and automotive lubricants, such as gear, engine, turbine, transmission, transformer, spindle, rolling, quenching, mould, marine engine, hydraulic, compressor, and cylinder oil; and thread compounds, rust preventives, metal working fluids, greases, and other specialties. It also provides chemicals comprising finishing chemicals, fatliquors, beam house, and syntans and fillers; and refinery and oil field services, which include tank bottom oily sludge processing, lagoon oily sludge processing, and composite repair. In addition, the company offers end-to-end domestic and international travel services, such as ticketing, tourism, and MICE related services; and freight forwarding, project logistics, and third party logistics services. Further, the company offers logistics infrastructure services comprising transportation of containers to/from ports; full container load delivery; de-stuffing, storage, and delivery; handling and monitoring containers; consolidation and de-consolidation of less container load; handling and storing of break bulk cargo; covered warehousing facility for storage of EXIM cargo; general and bonded warehousing; and tracking of containers. The company was founded in 1867 and is based in Kolkata, India. Balmer Lawrie & Co. Ltd. operates as a subsidiary of Balmer Lawrie Investments Limited.

How the Company Makes Money

Balmer Lawrie generates revenue primarily by selling products and services across its operating businesses. It earns service income from logistics and supply chain offerings (for example, fees/charges for transportation, warehousing, freight-related and value-added logistics services where applicable) and product sales income from manufacturing/marketing businesses (for example, industrial packaging and other specialty/industrial products sold to business customers). Where the company provides travel and related services, it earns through service fees/commissions and booking/service charges tied to travel management and allied offerings. Overall earnings are driven by volumes of goods handled and services rendered in logistics, quantities of manufactured products sold, contract/engagement wins with industrial and institutional clients, and pricing/margins within each line of business. null

Balmer Lawrie & Co. Ltd. Financial Statement Overview

Summary

Balmer Lawrie & Co. Ltd. demonstrates strong financial health with robust revenue growth and improving profitability margins. The balance sheet is solid, with low leverage and stable equity. While cash flow generation has faced challenges, the company continues to maintain positive free cash flow.

Income Statement

Balmer Lawrie & Co. Ltd. shows strong revenue growth with a significant increase in total revenue from 2024 to 2025. Gross profit and EBIT margins have improved, indicating enhanced operational efficiency. Net profit margin remains stable, reflecting consistent profitability. The company has effectively increased its EBITDA, showcasing robust earnings performance.

Balance Sheet

The balance sheet reflects a strong equity position with a healthy equity ratio, indicating financial stability. The debt-to-equity ratio is low, suggesting prudent leverage management, though total debt has slightly decreased. Return on equity remains solid, highlighting efficient use of shareholder funds. Overall, the company's balance sheet is well-managed with a focus on stability.

Cash Flow

The cash flow statement indicates a decrease in operating cash flow, which is a concern for long-term sustainability. However, the free cash flow remains positive, though it has declined compared to previous years. The company maintains a reasonable level of free cash flow to net income ratio, showing an ability to generate cash relative to profits. There is room for improvement in cash flow management.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	25.55B	25.16B	21.93B	23.21B	20.55B	15.29B
Gross Profit	9.03B	8.60B	6.17B	6.98B	2.54B	2.04B
EBITDA	3.57B	3.18B	3.56B	2.39B	2.06B	1.90B
Net Income	2.65B	2.66B	2.62B	1.72B	1.38B	1.20B
Balance Sheet
Total Assets	32.30B	30.40B	28.73B	26.62B	24.46B	23.79B
Cash, Cash Equivalents and Short-Term Investments	8.10B	4.47B	5.14B	4.41B	4.10B	6.56B
Total Debt	2.37B	1.06B	1.13B	1.21B	1.22B	1.25B
Total Liabilities	12.69B	10.51B	10.25B	9.50B	8.23B	7.98B
Stockholders Equity	19.44B	19.69B	18.21B	16.81B	15.88B	15.42B
Cash Flow
Free Cash Flow	-918.63M	883.01M	2.22B	1.55B	-206.86M	2.00B
Operating Cash Flow	-682.24M	1.56B	2.74B	2.08B	23.04M	2.44B
Investing Cash Flow	1.64B	227.58M	-1.05B	-482.83M	1.37B	-804.51M
Financing Cash Flow	-972.89M	-1.89B	-1.78B	-1.47B	-1.27B	-1.49B

Balmer Lawrie & Co. Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 184.15
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BALMLAWRIE, the sentiment is Negative. The current price of 184.15 is above the 20-day moving average (MA) of 171.08, above the 50-day MA of 171.58, and below the 200-day MA of 190.48, indicating a bearish trend. The MACD of -2.72 indicates Positive momentum. The RSI at 41.13 is Neutral, neither overbought nor oversold. The STOCH value of 18.77 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:BALMLAWRIE.

Balmer Lawrie & Co. Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NESCO	69 Neutral	₹75.12B	20.62	―	0.52%	18.69%	10.14%
BALMLAWRIE	68 Neutral	₹28.11B	11.78	―	4.74%	4.77%	-0.62%
MSTCLTD	64 Neutral	₹29.97B	17.92	―	9.28%	-48.50%	92.06%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
STCINDIA	44 Neutral	₹6.85B	11.60	―	―	―	―
MMTC	40 Underperform	₹94.65B	54.22	―	―	-17.88%	7.14%
JPASSOCIAT	39 Underperform	₹5.92B	-0.32	―	―	-36.62%	43.81%

Balmer Lawrie & Co. Ltd. Corporate Events

Balmer Lawrie Resets Effective Date for New Head of Industrial Packaging

Balmer Lawrie & Co. Ltd. has announced a revised effective date for the senior management change involving Shri J. Suresh Antony, who has been re-designated as Head (Industrial Packaging). The appointment, originally slated for 1 March 2026, will now take effect from 4 March 2026, with all other terms of the earlier communication remaining unchanged.

Antony, a mechanical engineer with over 31 years of experience and a long tenure at Balmer Lawrie since 1997, brings extensive expertise in plant operations, process optimisation, and capacity expansion to the role. His track record in driving innovative drum designs, lean manufacturing, and safety-compliant, sustainable growth underscores the company’s focus on strengthening its industrial packaging segment through seasoned internal leadership.