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Last Updated on: 21 April, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 532485 | NSE: BLIL

Fundamental Analysis of Balmer Lawrie Investment Ltd

Basic Stock Data

Last Updated: April 20, 2024, 7:47 am

Market Cap 1,462 Cr.
Current Price 658
High / Low811/369
Stock P/E9.82
Book Value 526
Dividend Yield5.01 %
ROCE12.9 %
ROE9.90 %
Face Value 10.0

Data Source: screener.in

Competitors of Balmer Lawrie Investment Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Available Finance Ltd 215 Cr. 211264/99.61.73 9600.00 %0.05 %20.4 % 10.0
Chartered Capital & Investment Ltd 74.9 Cr. 249272/0.0021.9 5180.00 %0.46 %0.32 % 10.0
Abate As Industries Ltd 13.1 Cr. 26.026.0/16.8 0.160.00 %57.8 %184 % 10.0
Cubical Financial Services Ltd 10.7 Cr. 1.642.42/1.1944.5 2.140.00 %1.46 %2.12 % 2.00
Ugro Capital Ltd 2,318 Cr. 250320/16923.0 1480.00 %10.9 %4.08 % 10.0
Industry Average526.34 Cr147.5318.23325.660.00%14.13%42.18%8.40

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales389500488490506577649553516610594587587
Expenses364436450457470518587513464556528511511
Operating Profit25643734375862405255677776
OPM %6%13%8%7%7%10%10%7%10%9%11%13%13%
Other Income20532518143324241535242827
Interest2343435455655
Depreciation14141414141414141414151414
Profit before tax291004435337468464770708583
Tax %35%24%18%22%17%36%17%24%22%38%18%25%19%
Net Profit19753627274756353744576468
EPS in Rs5.8621.5210.487.947.9613.5016.0110.2411.0012.7316.6118.3419.38

Last Updated: April 10, 2024, 6:19 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: April 6, 2024, 1:45 pm

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,8171,5731,5632,0742,3352,379
Expenses1,5471,3471,4131,8832,1102,106
Operating Profit270226150191225274
OPM %15%14%10%9%10%12%
Other Income5859796581114
Interest71512141821
Depreciation305255575758
Profit before tax290218162186232309
Tax %30%26%26%26%26%
Net Profit202161121137172233
EPS in Rs57.9147.6335.9239.7549.9767.06
Dividend Payout %59%79%106%75%66%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-20.30%-24.84%13.22%25.55%
Change in YoY Net Profit Growth (%)0.00%-4.55%38.07%12.32%

Growth

Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:14%
TTM:4%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:1%
TTM:32%
Stock Price CAGR
10 Years:13%
5 Years:11%
3 Years:14%
1 Year:76%
Return on Equity
10 Years:%
5 Years:%
3 Years:8%
Last Year:10%

Last Updated: April 16, 2024, 1:25 pm

Balance Sheet

Last Updated: April 21, 2024, 11:44 pm

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital222222222222
Reserves1,0521,0811,0761,0941,0901,145
Borrowings81122125122121127
Other Liabilities1,2661,2561,3041,3401,5681,587
Total Liabilities2,4202,4822,5272,5782,8012,882
Fixed Assets568770767767760745
CWIP1172432112843
Investments325375386436518540
Other Assets1,4101,3131,3411,3641,4951,554
Total Assets2,4202,4822,5272,5782,8012,882

Reserves and Borrowings Chart

Cash Flow

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 17718724723206
Cash from Investing Activity -137-60-80137-48
Cash from Financing Activity -61-159-153-148-145
Net Cash Flow-21-32141213

Free Cash Flow

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow189.00104.0025.0069.00104.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days5663675556
Inventory Days4758585147
Days Payable088996869
Cash Conversion Cycle10233273835
Working Capital Days4251325142
ROCE %13%9%11%13%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters59.67%59.67%59.67%59.67%59.67%59.67%59.67%59.67%59.67%59.67%59.67%59.67%
FIIs5.73%5.81%4.55%4.27%3.35%1.25%0.67%0.66%0.32%0.38%0.68%0.82%
DIIs0.15%0.14%0.15%0.14%0.15%0.14%0.14%0.14%0.14%0.14%0.14%0.14%
Public34.45%34.38%35.63%35.91%36.83%38.93%39.51%39.51%39.87%39.81%39.51%39.37%
No. of Shareholders13,16013,49518,34518,34820,10621,53723,57223,21723,26523,35926,51423,794

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)49.9839.8835.9272.4891.18
Diluted EPS (Rs.)49.9839.8835.9272.4891.18
Cash EPS (Rs.)75.8666.8864.4179.2888.69
Book Value[Excl.RevalReserv]/Share (Rs.)831.67788.73777.64784.61768.40
Book Value[Incl.RevalReserv]/Share (Rs.)831.67788.73777.64784.61768.40
Revenue From Operations / Share (Rs.)1048.95928.38692.07695.30803.40
PBDIT / Share (Rs.)110.6194.8688.56111.88131.43
PBIT / Share (Rs.)85.0269.7363.7888.58117.78
PBT / Share (Rs.)76.9463.6058.4181.88114.57
Net Profit / Share (Rs.)50.2841.7439.6255.9775.04
NP After MI And SOA / Share (Rs.)49.9839.8835.9247.6357.91
PBDIT Margin (%)10.5410.2112.7916.0916.35
PBIT Margin (%)8.107.519.2112.7314.65
PBT Margin (%)7.336.858.4311.7714.26
Net Profit Margin (%)4.794.495.728.059.33
NP After MI And SOA Margin (%)4.764.295.186.847.20
Return on Networth / Equity (%)9.977.927.269.5811.96
Return on Capital Employeed (%)8.767.567.099.9013.76
Return On Assets (%)3.963.433.154.265.31
Long Term Debt / Equity (X)0.070.070.080.080.07
Total Debt / Equity (X)0.080.080.080.080.07
Asset Turnover Ratio (%)0.860.050.060.060.00
Current Ratio (X)2.292.542.512.622.52
Quick Ratio (X)1.982.162.202.322.25
Inventory Turnover Ratio (X)7.880.000.000.000.00
Dividend Payout Ratio (NP) (%)60.0295.29104.4071.3841.44
Dividend Payout Ratio (CP) (%)39.7058.4561.7747.9333.53
Earning Retention Ratio (%)39.984.71-4.4028.6258.56
Cash Earning Retention Ratio (%)60.3041.5538.2352.0766.47
Interest Coverage Ratio (X)13.6915.4916.5016.7040.95
Interest Coverage Ratio (Post Tax) (X)7.227.828.389.3624.38
Enterprise Value (Cr.)1027.011008.401085.04782.99989.13
EV / Net Operating Revenue (X)0.440.480.700.500.55
EV / EBITDA (X)4.184.795.523.153.39
MarketCap / Net Operating Revenue (X)0.330.390.670.410.48
Retention Ratios (%)39.974.70-4.4028.6158.55
Price / BV (X)0.700.730.940.580.80
Price / Net Operating Revenue (X)0.330.390.670.410.48
EarningsYield0.140.100.070.160.14

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 536.99

The stock is overvalued by 18.39% compared to the current price ₹658

Calculation basis:

  • Fair value = (P/E Ratio * (Return on Equity / 100) * Book Value) * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (1,089.67 cr) compared to borrowings (116.33 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (1.50 cr) and profit (232.83 cr) over the years.
  1. The stock has a low average ROCE of 9.20%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 43.60, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 47.00, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Balmer Lawrie Investment Ltd:
    1. Net Profit Margin: 4.79%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 8.76% (Industry Average ROCE: 5.3%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 9.97% (Industry Average ROE: 10.43%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 7.22
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.98
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. ✓ Stock P/E: 9.82 (Industry average Stock P/E: 54.26)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. ✓ Total Debt / Equity: 0.08
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating: ★★★★☆

About the Company

Balmer Lawrie Investments Ltd. is a Public Limited Listed company incorporated on 20/09/2001 and has its registered office in the State of West Bengal, India. Company’s Corporate Identification Number(CIN) is L65999WB2001GOI093759 and registration number is 093759. Currently company belongs to the Industry of Finance & Investments. Company’s Total Operating Revenue is Rs. 69.30 Cr. and Equity Capital is Rs. 22.20 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Finance & Investments21, Netaji Subhas Road, Kolkata West Bengal 700001lahoti.a@balmerlawrie.com
http://www.blinv.com
Management
NamePosition Held
Mr. Saurav DuttaChairman
Mr. Shyam Singh MaharGovernment Nominee Director
Mr. Mrityunjay JhaGovernment Nominee Director

Balmer Lawrie Investments Ltd. Share Price Update

Share PriceValue
Today₹660.00
Previous Day₹664.40

FAQ

What is the latest fair value of Balmer Lawrie Investment Ltd?

The latest fair value of Balmer Lawrie Investment Ltd is 536.99.

What is the Market Cap of Balmer Lawrie Investment Ltd?

The Market Cap of Balmer Lawrie Investment Ltd is 1,462 Cr..

What is the current Stock Price of Balmer Lawrie Investment Ltd as on 21 April 2024?

The current stock price of Balmer Lawrie Investment Ltd as on 21 April 2024 is 658.

What is the High / Low of Balmer Lawrie Investment Ltd stocks in FY 2024?

In FY 2024, the High / Low of Balmer Lawrie Investment Ltd stocks is ₹811/369.

What is the Stock P/E of Balmer Lawrie Investment Ltd?

The Stock P/E of Balmer Lawrie Investment Ltd is 9.82.

What is the Book Value of Balmer Lawrie Investment Ltd?

The Book Value of Balmer Lawrie Investment Ltd is 526.

What is the Dividend Yield of Balmer Lawrie Investment Ltd?

The Dividend Yield of Balmer Lawrie Investment Ltd is 5.01 %.

What is the ROCE of Balmer Lawrie Investment Ltd?

The ROCE of Balmer Lawrie Investment Ltd is 12.9 %.

What is the ROE of Balmer Lawrie Investment Ltd?

The ROE of Balmer Lawrie Investment Ltd is 9.90 %.

What is the Face Value of Balmer Lawrie Investment Ltd?

The Face Value of Balmer Lawrie Investment Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Balmer Lawrie Investment Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE