Manufactures and sells industrial packaging and greases & lubricants, and provides logistics services, travel & vacations, and logistics infrastructure across six reporting segments. Industrial Packaging is the largest line at 30.1% of segment revenue, followed by Greases & Lubricants at 23.2%, Logistics Services at 20.0%, Travel & Vacations at 13.4%, Logistics Infrastructure at 9.2%, and Others at 4.1%. Travel & Vacations is the most profitable line on a margin basis at 35.5% segment EBIT margin, while Industrial Packaging operates at 6.3%. Total segment revenue for the year ended 31 March 2026 was Rs 2,866.44 crore, against company-level revenue of Rs 2,717.00 crore. Materials are the dominant input cost at 64.2% of revenue, with employees at 9.8% and other opex at 12.0%. FY26 revenue grew 8.0% YoY to Rs 2,717.00 crore with net profit of Rs 270.32 crore. The entity is a Mini Ratna Category I Public Sector Enterprise under the Ministry of Petroleum, with board appointments made by the President of India. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Industrial Packaging (30%), Greases & Lubricants (23%), Logistics Services (20%), Travel & Vacations (13%), Logistics Infrastructure (9%), Others (4%). Diversified multi-segment manufacturing and services PSE with materials-heavy cost structure
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 2,055 | 2,321 | 2,339 | 2,516 | 2,717 |
| EBITDA (ex other income) | 169 | 202 | 305 | 313 | 351 |
| margin % | 8.2 | 8.7 | 13.0 | 12.4 | 12.9 |
| Owners' profit | 138 | 172 | 262 | 266 | 277 |
| EPS, as reported (₹) | 8.07 | 10.05 | 15.30 | 15.55 | 16.18 |
| ROE % · ROCE % | 8.3 · 7.8 | 9.8 · 9.0 | 13.9 · 13.7 | 13.0 · 12.9 | 13.0 · 12.5 |
| Debt / equity (x) | 0.06 | 0.05 | 0.04 | 0.04 | 0.04 |
| Cash from operations | 2 | 208 | 274 | 156 | 289 |
| Capex | (23) | (52) | (53) | (68) | (64) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 639 | 630 | 608 | 681 | 635 | 657 | 744 | 749 |
| Profit before tax | 62 | 68 | 90 | 71 | 55 | 65 | 95 | 78 |
| Net profit | 61 | 62 | 74 | 67 | 38 | 65 | 83 | 71 |
| EPS (₹) | 3.66 | 3.77 | 4.39 | 4.03 | 3.31 | 3.89 | 4.95 | 4.18 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Industrial Packaging | 862 | 29.9 |
| Logistics Services | 574 | 19.9 |
| Logistics Infrastructure | 280 | 9.7 |
| Travel & Vacations | 384 | 13.3 |
| Greases & Lubricants | 666 | 23.1 |
| Others | 118 | 4.1 |
| Total, before eliminations | 2,884 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 29 Aug 2026 · Notice of 109th AGM and e-voting information published | compliance | minimal | — | — |
| 28 Aug 2026 · NSE imposes Rs 14.2 lakh fine for board composition non-compliance | regulatory legal | high | — | — |
| 28 Aug 2026 · Balmer Lawrie 109th AGM on Sep 21 2026; final dividend Rs 4.25 per share | board shareholder meetings | medium | — | — |
| 27 Aug 2026 · Balmer Lawrie files BRSR for FY26 with ESG targets and board composition fines | general | low | — | — |
| 27 Aug 2026 · 109th AGM on 21 Sept; final dividend Rs 4.25 per share declared | board shareholder meetings | medium | — | — |
| 27 Aug 2026 · Notice of 109th AGM and Annual Report for FY 2025-26 | board shareholder meetings | medium | — | — |
| 26 Aug 2026 · BSE imposes Rs 14.19 lakh fine for board composition non-compliance under SEBI LODR | regulatory legal | high | — | — |
| 21 Aug 2026 · Newspaper notice on SEBI special window for demat of physical shares | compliance | minimal | — | — |
| 18 Aug 2026 · Balmer Lawrie appoints two Independent Directors on Board | management changes | medium | — | — |
| 18 Aug 2026 · Two new Independent Directors appointed to Balmer Lawrie board | management changes | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| GODREJ INDUSTRIES LTD | 38,055 | 32.4 | 1.64 | 14.5 | 10.4 | 6.4 | 19.0 | 27.3 |
| 3M INDIA LIMITED | 36,735 | 60.1 | 17.11 | 42.6 | 27.2 | 35.7 | 6.8 | 21.7 |
| DCM SHRIRAM LIMITED | 15,675 | 10.8 | 2.03 | 10.9 | 11.1 | 9.5 | 11.4 | 11.7 |
| KAMA HOLDINGS LTD. | 7,275 | 7.8 | 0.48 | 1.9 | 12.3 | — | 13.5 | 22.4 |
| BALMER LAWRIE & CO LTD ◆ | 2,883 | 10.3 | 1.38 | 7.4 | 13.0 | 11.2 | 12.2 | 14.8 |
| TTK HEALTHCARE LIMITED | 1,576 | 21.3 | 1.41 | — | 5.9 | 7.4 | — | 12.2 |
| EMPIRE INDUSTRIES LTD. | 634 | 12.3 | 1.80 | — | 14.7 | 10.5 | — | 19.5 |
| GILLANDERS ARBUTHNOT LTD | 223 | 12.8 | 0.86 | 10.5 | 3.7 | 3.5 | 0.0 | 9.0 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 10.3 | 12.3 | 6 of 15 | 64% |
| P/B | 1.4 | 1.2 | 8 of 14 | 46% |
| ROCE | 11.2 | 8.4 | 4 of 14 | 77% |
| ROE | 13.0 | 10.7 | 5 of 14 | 69% |
| Debt / Equity | 0.0 | 0.3 | 5 of 14 | 69% |
| EBITDA margin | 14.8 | 20.6 | 10 of 14 | 31% |
| Revenue growth | 10.0 | 11.9 | 8 of 14 | 46% |
| Profit growth | 5.3 | 100.4 | 12 of 13 | 8% |
| Market cap | 2883 | 223 | 5 of 15 | 71% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
