Operates as a Government of India holding company under the Ministry of Petroleum and Natural Gas, with operating activity running through its subsidiary Balmer Lawrie & Co. Ltd. On a consolidated basis, FY26 segment revenue of Rs. 2,727.55 crore came from seven reported streams. Industrial Packaging led at Rs. 861.67 crore (29.8% of segment revenue), making steel drums and industrial containers. Greases & Lubricants contributed Rs. 665.79 crore (23.0%), selling lubricating greases to industrial users. Logistics Services earned Rs. 574.20 crore (19.8%) from freight and transportation services. Travel & Vacations brought Rs. 384.05 crore (13.3%) and posted the highest segment EBIT of Rs. 136.41 crore. Logistics Infrastructure contributed Rs. 280.10 crore (9.7%) from warehousing and related infrastructure. Investment business was marginal at Rs. 11.09 crore (0.4%). On a standalone basis, almost all of FY26 income (Rs. 13,474 lakhs out of Rs. 14,604 lakhs total income) came as dividend from the subsidiary. Materials and stores are the dominant cost at 64.0% of consolidated revenue, followed by employee cost at 9.8%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Industrial Packaging (30%), Greases & Lubricants (23%), Logistics Services (20%), Travel & Vacations (13%), Logistics Infrastructure (10%), Others (4%), Investment business (0%). Diversified Government of India holding company with operating subsidiaries in industrial packaging, lubricants, logistics and travel
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 2,106 | 2,328 | 2,348 | 2,526 | 2,728 |
| EBITDA (ex other income) | 211 | 209 | 313 | 322 | 361 |
| margin % | 10.0 | 9.0 | 13.3 | 12.8 | 13.2 |
| Owners' profit | 89 | 111 | 168 | 172 | 178 |
| EPS, as reported (₹) | 39.88 | 49.98 | 75.68 | 0.77 | 8.04 |
| ROE % · ROCE % | 7.9 · — | 9.3 · — | 13.2 · — | 12.4 · — | 12.4 · — |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | 23 | 206 | 269 | 164 | 294 |
| Capex | (23) | (52) | (53) | (68) | (64) |
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 641 | 642 | 633 | 611 | 683 | 638 | 659 | 746 |
| Profit before tax | 58 | 65 | 70 | 93 | 74 | 58 | 67 | 98 |
| Net profit | 65 | 63 | 64 | 75 | 69 | 57 | 67 | 85 |
| EPS (₹) | 18.56 | 18.23 | 18.79 | 0.22 | 2.01 | 1.66 | 1.93 | 0.24 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Industrial Packaging | 862 | 29.8 |
| Logistics Services | 574 | 19.8 |
| Logistics Infrastructure | 280 | 9.7 |
| Travel & Vacations | 384 | 13.3 |
| Greases & Lubricants | 666 | 23.0 |
| Investment business | 8 | 0.3 |
| Others | 118 | 4.1 |
| Financing business | 3 | 0.1 |
| Total, before eliminations | 2,895 | 100.0 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 29 Aug 2026 · Notice of 25th AGM on Sep 21, 2026 and e-voting details | compliance | minimal | — | — |
| 28 Aug 2026 · AGM Notice FY26 - Rs 2.27 Dividend and 2 New Director Appointments | board shareholder meetings | low | — | — |
| 27 Aug 2026 · 25th AGM notice on 21 Sep 2026 with Rs 2.27 per share dividend | board shareholder meetings | low | — | — |
| 27 Aug 2026 · Balmer Lawrie Investments 25th AGM on 21 Sept 2026, final dividend Rs 2.27 per share | board shareholder meetings | low | — | — |
| 26 Aug 2026 · BSE imposes fine of Rs 9.78 lakh for SEBI LODR non-compliance in Q1FY27 | regulatory legal | high | — | — |
| 26 Aug 2026 · 25th AGM notice published; meeting on 21 Sep 2026 | compliance | minimal | — | — |
| 21 Aug 2026 · Newspaper notice on special window for physical share dematerialisation | compliance | minimal | — | — |
| 13 Aug 2026 · Q1 FY27 results: consolidated PAT up 34% YoY; AGM fixed for Sept 21 | results | high | — | — |
| 13 Aug 2026 · Board response to BSE fine over board composition norms | regulatory legal | high | — | — |
| 13 Aug 2026 · AGM on 21 Sep 2026; dividend record date fixed at 14 Sep | corporate actions | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| Company |
|---|
| M.cap ₹ cr |
|---|
| P/E |
|---|
| P/B |
|---|
| EV/EBITDA |
|---|
| ROE % |
|---|
| ROCE % |
|---|
| Rev CAGR 5y % |
|---|
| EBITDA m. % |
|---|
| BAJAJ FINSERV LTD. | 3,05,941 | 30.1 | 2.17 | 5.4 | 14.0 | — | 20.0 | 40.8 |
| BAJAJ HOLDINGS & INVS LTD | 1,23,904 | 14.0 | 1.50 | 49.9 | 11.9 | — | 21.8 | 92.9 |
| CHOICE INTERNATIONAL LTD | 16,876 | 65.3 | 9.25 | 41.3 | 13.0 | 13.9 | 46.0 | 36.8 |
| EDELWEISS FIN SERV LTD | 12,586 | 17.6 | 2.12 | 2.9 | 11.4 | — | 2.2 | 29.3 |
| JM FINANCIAL LIMITED | 11,961 | 11.5 | 1.05 | 4.3 | 10.6 | — | 5.1 | 60.3 |
| RANE HOLDINGS LIMITED | 2,413 | 28.6 | 1.69 | 6.8 | 9.6 | 11.7 | 23.7 | 7.5 |
| BF INVESTMENT LIMITED | 1,691 | 4.3 | 0.20 | 24.3 | 3.3 | — | 36.0 | 90.4 |
| BALMER LAWRIE INVSTS. L ◆ | 1,523 | 11.8 | 0.68 | 3.6 | 12.4 | — | 12.2 | 18.2 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 11.8 | 12.9 | 7 of 14 | 54% |
| P/B | 0.7 | 1.3 | 3 of 14 | 85% |
| ROE | 12.4 | 9.6 | 4 of 15 | 79% |
| Debt / Equity | 0.0 | 0.0 | 2 of 15 | 50% |
| EBITDA margin | 18.2 | 29.6 | 9 of 14 | 39% |
| Revenue growth | 22.1 | 18.6 | 5 of 15 | 71% |
| Profit growth | 12.4 | 18.1 | 9 of 15 | 43% |
| Market cap | 1523 | 1273 | 8 of 16 | 53% |
| 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.
