The shares of this company surged by 6% after it announced that it may consider buy-back of shares, issue of bonus shares, and splitting of shares in the board meeting that is scheduled to take place on May 21, 2025.
Price Movement
With a market capitalization of Rs 1,663 crore, the shares of Balmer Lawrie Investment (India) Ltd are currently trading at Rs 74.9 per share, down by 30.6 percent from its 52-week high of Rs 108 per share. In the last year, the stock has given a positive return of 3.92 percent.
About the announcement
On Wednesday, Balmer Lawrie Investment (India) announced key business updates. Balmer Lawrie Investments Ltd. has informed that a Board Meeting is called on May 21, 2025, that will consider the following:
Audited Financial Results- Consideration of the Standalone and Consolidated Financial Results for the quarter ended and twelve months ended March 31, 2025 (subject as always to previous review by the Audit Committee).
Dividend Recommendation- Consider recommending a dividend on the company’s equity shares for the financial year ended March 31, 2025, which, if declared, will be made available to the shareholders within 30 days from the date of declaration at the Annual General Meeting.
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Capital Restructuring- Review of the Consolidated Guidelines on capital restructuring for CPSEs given by the Ministry of Finance. The Board can consider issues like buy-back of shares, issue of bonus shares, and splitting of shares.
Further, the company has notified that its “Trading Window” will continue to be closed for Designated Persons and their immediate family members from April 1, 2025, and will remain closed for 48 hours after the announcement of the financial results
Financial Highlights
It reported a consolidated revenue of Rs 633 crores in Q3 FY25, up by 7.8 percent from Rs 587 crores in Q3 FY24. However, it reported a decline of 5.9 percent in its Q3 FY25 net profit of 64 crores, as compared to Q3 FY24 net profit of Rs 68 crores. It has an ROE and ROCE of 14.22 percent and 17.81 percent, respectively, and is trading at a P/E of 9.73x as compared to its industry average of 20.79x.
About the company
Balmer Lawrie Investments Limited is a Government of India company listed on the Bombay Stock Exchange (BSE). It is the holding company of Balmer Lawrie & Co. Ltd. with a 61.80% stake under a Scheme of Arrangement dated February 2002.
The Government of India has a 59.67% stake in the company and is the major shareholder. With headquarters in Kolkata, the group is engaged in the business of Industrial Packaging, Greases & Lubricants, Chemicals, Logistic Services and Infrastructure, Refinery & Oil Field, and Travel & Vacation Services in India.
Written by Satyajeet Mukherjee’
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