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LGB Forge Ltd (LGBFORGE)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 533007 NSE: LGBFORGE Forgings | Small Cap | LGB Forge Share Price

₹5.55 0.26 (4.91%)

As on 02-Jul'26 16:59

LGB Forge Ltd (LGBFORGE)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 533007 NSE: LGBFORGE Forgings | Small Cap | LGB Forge Share Price

₹5.55 0.26 (4.91%)

As on 02-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹132 Cr.
Current Price
₹5.6
52-Week Low / High
₹5 / 12
TTM EPS
₹-0.1
TTM Sales
₹103 Cr.
Book Value per Share
₹0.7
P/E Ratio
0.00
Industry PE
89.8
Price to Book (P/B)
8.23
Lower than its 5-year historical median
Price to Sales (P/S)
1.28
Lower than its 5-year historical median
EV/EBITDA
31.76
Higher than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
-6.37%
Underperforms industry median
Return on Capital Employed (ROCE)
3.27%
Underperforms industry median
Return on Assets (ROA)
-1.73%
Operating Profit Margin
1.6%
Net Profit Margin
-1.3%
Gross Profit Margin
-0.5%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
5.21%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
72.89%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹-8 Cr.
Equity
₹23.8 Cr.
Face Value
₹1
All Time Low / High
₹0.85 / 23.90

LGB Forge stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is LGB Forge Ltd a good quality company?
LGB Forge Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does LGB Forge Ltd performance compare with that of its Peers?
Q.1 Revenue growth of LGB Forge Ltd vs industry peers?
LGB Forge Ltd revenue CAGR is -1.45%, compared to the industry median CAGR of 10.29%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of LGB Forge Ltd?
Promoters hold 72.89% of the LGB Forge Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of LGB Forge Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 3.5% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
LGB Forge Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 4.6%2.8%-0.1%22.7%5.1%12.5%12.3%-11.6%-4%3.3%-
Value Creation
Index
-0.7-0.8-1.00.6-0.6-0.1-0.1-1.8-1.3-0.8-

Growth Parameters

Sales 88.382.999.713210192.113091.589.494103
Sales YoY Gr.--6.2%20.3%32.1%-23.2%-8.9%41.2%-29.6%-2.4%5.2%-
Adj EPS -0.3-0.3-0.20.1-00.10.1-0.4-0.2-0.1-0.1
YoY Gr.-NANANA-157.1%NA7.7%-371.4%NANA-
BVPS (₹) 0.60.40.21.31.31.51.61.30.90.80.7
Adj Net
Profit
-4-4.6-3.31.7-133.2-9.1-5.8-2.9-2
Cash Flow from Ops. 2.33.810.8-0.45.342.3-9.13.515.6-
Debt/CF from Ops. 9.94.71.5-26.42.22.75.2-2.98.31.2-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 0.7%-1.5%-10.3%5.2%
Adj EPS NANA-195%NA
BVPS2.8%-10.1%-22.1%-9.4%
Share Price -1.3% -6.8% -16.1% -50.3%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
-38.4-57.9-64.89.6-3.28.88.6-26.3-23.1-15-12.5
Op. Profit
Mgn %
2.2-0.91.66.75.710.37.6-6.2-1.51.63
Net Profit
Mgn %
-4.5-5.6-3.31.3-13.22.5-10-6.5-3.1-2.1
Debt to
Equity
2.52.74.90.40.40.30.30.91.41.10.6
Working Cap
Days
17515912712517919416726126620981
Cash Conv.
Cycle
9380483658838315516513530

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales888310013210192130928994
Operating Expenses + 8684981239583120979193
Manufacturing Costs24242326221923212122
Material Costs44415467494267464143
Employee Cost 12131420181621212020
Other Costs 7679659987
Operating Profit 2-1296910-6-11
Operating Profit Margin (%) 2.2%-1.4%1.6%6.7%5.7%10.3%7.5%-6.2%-1.5%1.6%
Other Income + 1001111221
Exceptional Items 2400000002
Interest 4335322343
Depreciation 3223455333
Profit Before Tax -2-2-32-133-9-6-1
Tax 0000000000
Profit After Tax -2-2-32-133-9-6-1
PAT Margin (%) -2.7%-2.6%-3.2%1.6%-0.6%3.7%2.7%-9.7%-6.3%-1.3%
Adjusted EPS (₹)-0.2-0.1-0.20.1-0.00.10.1-0.4-0.2-0.1
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of LGB Forge - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 97332323639302018
Share Capital 15151524242424242424
Reserves -6-8-128812166-4-6
Debt +211614991011242716
Long Term Debt966411031310
Short Term Debt131085891121145
Minority Interest0000000000
Trade Payables1816203320272722229
Others Liabilities 7798108791019
Total Liabilities 56464782718085857963

Fixed Assets

Net Fixed Assets +1291225272420181217
Gross Block77111632383838402826
Accumulated Depreciation6524711141822168
CWIP 0000010000
Investments 0000000000
Inventories15191325191927302817
Trade Receivables27161825213435343125
Cash Equivalents 0000000000
Others Assets 2236333373
Total Assets 56464782718085857963

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 2411-0542-9316
PBT -2-2-32-133-9-6-1
Adjustment 5257778274
Changes in Working Capital -049-10-1-6-9-2213
Tax Paid 00-0-0-0000-0-0
Cash Flow From Investing Activity + 24-6-15-3-2-0-2-2-3
Capex 24-6-15-3-2-0-2-2-8
Net Investments 00-0-00-0-0-0-0-0
Others 0000000-0-05
Cash Flow From Financing Activity + -4-8-516-2-2-211-1-13
Net Proceeds from Shares 00026000000
Net Proceeds from Borrowing 0-5-2000-0210-1
Interest Paid -4-3-3-5-2-2-2-2-3-3
Dividend Paid 0000000000
Others -000-60-1111-8-9
Net Cash Flow -0-0-000-0-00-00

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)-22.73-27.3-62.6711.88-2.0510.359.32-25.87-22.52-6.37
ROCE (%)4.572.79-0.0922.655.1112.5112.31-11.63-3.973.27
Asset Turnover Ratio1.631.832.22.041.321.221.571.081.091.33
PAT to CFO Conversion(x)N/AN/AN/A-0N/A1.330.67N/AN/AN/A
Working Capital Days
Receivable Days11084.1060.1060.4084.70109.9096.70137.70133.60109.10
Inventory Days58.8067.6058.1053.1079.4074.7063.70112.30118.2087.60
Payable Days148.50151.80121146199.40204.10145.80192.60193130.80

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

LGB Forge Ltd FAQs

The current trading price of LGB Forge on 02-Jul-2026 16:59 is ₹5.55.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 01-Jul-2026 the market cap of LGB Forge stood at ₹132.2 Cr

The latest P/E ratio of LGB Forge as of 01-Jul-2026 is 0.00.

The latest P/B ratio of LGB Forge as of 01-Jul-2026 is 8.23.

The 52-week high of LGB Forge is ₹11.79 and the 52-week low is ₹4.71.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of LGB Forge is ₹103 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that LGB Forge Ltd is a average quality company.

The key valuation ratios of LGB Forge Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of LGB Forge Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About LGB Forge Ltd

LGB Group of Industries was founded in 1937 as a transport company and has grown into a diversified manufacturing company. LGB added various operations and grew to a Midcap company by 2000. In order to focus its activities in its core business LGB concentrated in transmission products such as chains, sprockets, auto tensioners, fine blanked components & forged and machining components and aligned its manufacturing facilities to meet the demand of its global customers. During 2008, LGB demerged its forging operations into a separate company called 'LGB Forge Limited’.

LGB Forge has three operations -- one in Mysore and one in Coimbatore for Hot, Warm and one for Cold forging activities. LGB Forge concentrates in manufacturing high volume auto, electrical & transmission forged components and has a sizeable market share in this segment. They are also supplying non automotive segments like Valve Industry and infrastructure equipment industry.

LGB Forge focus on achieving complete customer satisfaction with Quality, Cost and Delivery. In its chosen field, LGB Forge supplies to all the reputed companies in India as well as select customers in abroad. LGB Forge is giving special attention for export market for accelerated growth.

Product range of the company includes:

  • Hot Forging
  • Hot & Warm Forging
  • Cold Forging

Achievements/ recognition:

  • ISO 9001:2000
  • ISO 16949:2002
  • ISO 9001:2008
  • ISO/TS 16949:2002.
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