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

• Market Cap: ₹29.45B
• Dividend Yield: 4.74%
• Average Volume (3M): 27.84K
• Price to Earnings (P/E): 11.1
• Beta (1Y): 1.79
• Revenue Growth: 4.77%
• EPS Growth: -0.62%
• Country: IN
• Employees: 863
• Sector: Services
• Sector Strength: N/A
• Industry: Conglomerates
• EPS (TTM): 3.31
• 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: ₹183.00 ▼(-0.62% Downside)

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 and margin improvement

Sustained revenue expansion alongside rising gross profit and EBIT margins implies the company is improving operational efficiency and pricing execution. This supports durable earnings power, enabling reinvestment and resilience to moderate demand cycles over the next 2–6 months.

Solid balance sheet

A healthy equity ratio and low leverage provide financial flexibility to fund capex, weather downturns, and pursue strategic opportunities without stressing liquidity. This stability underpins long-term solvency and lowers refinancing risk for the business.

Positive free cash flow

Maintaining positive free cash flow signals the business can fund operations and returns to shareholders internally. Even with lower operating cash flow, sustained FCF supports capex, dividends, and debt servicing, reinforcing structural cash-generation capacity.

Negative Factors

Declining operating cash flow

A fall in operating cash flow weakens the core cash conversion cycle and may constrain reinvestment or payout capacity if the trend persists. Over months this can pressure liquidity cushions and force reliance on financing or asset sales to meet strategic needs.

EPS contraction

A substantial negative EPS growth rate reflects earnings volatility or one-off headwinds reducing shareholder returns. If earnings contraction persists, it can limit retained earnings, reduce capital available for growth initiatives, and weaken investor confidence in long-term profitability.

Volume-sensitive end markets

Revenue reliance on volumes and contract wins exposes the company to cyclical demand swings in logistics, manufacturing and travel services. Structural downturns or volume normalization can meaningfully pressure top-line and margins over a multi-month horizon, reducing predictability.

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 & Co. Ltd. generates revenue through its diverse business operations. The company earns income by manufacturing and selling industrial packaging products, including steel barrels and drums that are essential for storing and transporting goods. In the logistics sector, Balmer Lawrie provides services such as freight forwarding, warehousing, and supply chain management, which contribute significantly to its revenue. The travel and vacations division offers corporate travel management, leisure travel packages, and ticketing services, adding another key stream of income. Additionally, the company produces and sells greases and lubricants used in various industries, as well as specialty chemicals. Balmer Lawrie's strategic partnerships with both government and private sector entities enhance its market reach and profitability.

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	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	25.58B	25.16B	21.93B	23.21B	20.55B	15.29B
Gross Profit	8.14B	8.60B	6.17B	6.98B	2.54B	2.04B
EBITDA	3.60B	3.18B	3.56B	2.39B	2.06B	1.90B
Net Income	2.71B	2.66B	2.62B	1.72B	1.38B	1.20B
Balance Sheet
Total Assets	0.00	30.40B	28.73B	26.62B	24.46B	23.79B
Cash, Cash Equivalents and Short-Term Investments	4.58B	4.47B	5.14B	4.41B	4.10B	6.56B
Total Debt	0.00	1.06B	1.13B	1.21B	1.22B	1.25B
Total Liabilities	-19.89B	10.51B	10.25B	9.50B	8.23B	7.98B
Stockholders Equity	19.89B	19.69B	18.21B	16.81B	15.88B	15.42B
Cash Flow
Free Cash Flow	0.00	883.01M	2.22B	1.55B	-206.86M	2.00B
Operating Cash Flow	0.00	1.56B	2.74B	2.08B	23.04M	2.44B
Investing Cash Flow	0.00	227.58M	-1.05B	-482.83M	1.37B	-804.51M
Financing Cash Flow	0.00	-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: Negative
• RSI: Neutral
• STOCH: Neutral

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 173.62, above the 50-day MA of 178.19, and below the 200-day MA of 198.33, indicating a bearish trend. The MACD of -3.31 indicates Negative momentum. The RSI at 46.30 is Neutral, neither overbought nor oversold. The STOCH value of 64.61 is Neutral, 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	₹80.09B	19.61	―	0.52%	18.69%	10.14%
BALMLAWRIE	68 Neutral	₹29.45B	11.11	―	4.74%	4.77%	-0.62%
MSTCLTD	64 Neutral	₹32.52B	7.81	―	9.28%	-48.50%	92.06%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
MMTC	50 Neutral	₹97.63B	44.19	―	―	-17.88%	7.14%
STCINDIA	48 Neutral	₹7.25B	101.96	―	―	―	―
JPASSOCIAT	41 Neutral	₹7.49B	-0.60	―	―	-36.62%	43.81%

Balmer Lawrie & Co. Ltd. Corporate Events

Balmer Lawrie Announces Key Senior Management Changes

Balmer Lawrie & Co. Ltd. has announced changes in its senior management, with Ashok Kumar Gupta being promoted from Chief Operating Officer of Travel to Chief Operating Officer of Travel & Vacations, and Thiyagarajan S moving from Vice President of Vacations to Head of Vacations. These changes, effective from October 15, 2025, are expected to enhance the company’s operational efficiency and strengthen its position in the travel and vacations sector.

Balmer Lawrie Fined for Non-Compliance with Listing Regulations

Balmer Lawrie & Co. Ltd. has been fined by BSE Limited and the National Stock Exchange of India Limited for non-compliance with certain listing regulations for the quarter ending September 30, 2025. The fines, totaling Rs. 10,90,320, were imposed due to the company’s board not having the required number of non-executive directors and independent directors. The company has argued that these non-compliances were due to factors beyond its control, as the composition of its board is influenced by the Ministry of Petroleum & Natural Gas. Balmer Lawrie has made representations to the stock exchanges seeking a waiver of the fines.