Kolkata-based Balmer Lawrie (BLL) is a miniratna state-run company that operates in eight strategic business of industrial packaging, greases & lubricants, logistics services, engineering & technology, travels & tours, logistics infrastructure, leather chemicals and tea. It has been a debt-free company with dividends rising every year and a healthy record of sales and profits growth that makes it an ideal investment candidate for long-term investors. The scrip, which was doing well until recently, seems to have fallen out of market favour during the past five months.
At its current market price of 546, it is trading close to its 52-week low of 538. Balmer Lawrie has a strong record of steady growth with revenue at 10.7% cumulative annualised growth rate (CAGR) over the past five years and net profit by 23.5%. The dividends have grown at 33.4% during this period. The scrip, which is trading at P/E of just above 7, offers a dividend yield of 4.2%.
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1 comment:
Nice Article! Thanks for sharing such a valuable information. Balmer Lawrie & Co. Ltd.
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