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LG Balakrishnan & Bros Ltd - Stock Valuation and Financial Performance

BSE: 500250 | NSE: LGBBROSLTD | Auto Ancillary | Small Cap

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LG Balakrishnan&Bros Share Price

 ₹1,263.85 -15.60 -1.22%
as on 13-Jun'25 16:59

DeciZen - make an informed investing decision on LG Balakrishnan&Bros

Overall Rating ⓘ
Bole Toh

1. Quality

Very Good
Check detailed 10 Yrs performace

2. Valuation

Overvalued
Check 10 Yrs Valuation charts

3. Price Trend

Semi Strong
Check Price chart

G Balakrishnan & Bros stock performance -

PE Chart Key Ratios
mw4me loader
P/E Ratio (CD):
13.34
Market Cap:
4,030.7 Cr.
52-wk low:
1,080
52-wk high:
1,575

Is LG Balakrishnan & Bros Ltd an attractive stock to invest in?

1. Is LG Balakrishnan & Bros Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that LG Balakrishnan & Bros Ltd is a good quality company.

2. Is LG Balakrishnan & Bros Ltd undervalued or overvalued?

The key valuation ratios of LG Balakrishnan & Bros Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is LG Balakrishnan & Bros Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of LG Balakrishnan & Bros Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of LG Balakrishnan&Bros:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Standalone Basis P Consolidated Basis P
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.
LG Balakrishnan & Bros Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % ⓘ22.4%16.9%19.1%21.2%19.7%15.4%21.5%31.3%25.9%23.4%-
Value Creation
Index ⓘ		0.60.20.40.50.40.10.51.20.90.7-

Growth Parameters ⓘ

Growth Parameters Colour Code Guide ⓘ

Sales ⓘ1,1731,2051,2591,4181,6881,5431,6092,1022,2032,3462,578
Sales YoY Gr.-2.8%4.4%12.7%19%-8.6%4.3%30.7%4.8%6.5%-
Adj EPS ⓘ21.320.522.927.229.524.639.473.274.984.194.7
YoY Gr.--3.9%11.7%18.9%8.3%-16.7%60.2%86%2.3%12.3%-
BVPS (₹) ⓘ115.3131.8165.8186.5212.1224.9280.1360.7434.9517.7514.8
Adj Net
Profit ⓘ		6764.371.985.592.677.1124230235264302
Cash Flow from Ops. ⓘ102117150128102203211202304343-
Debt/CF from Ops. ⓘ1.71.50.90.92.10.60.30.50.30.3-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ8%6.8%13.4%6.5%
Adj EPS ⓘ16.5%23.3%28.8%12.3%
BVPSⓘ18.2%19.5%22.7%19%
Share Price 18.3% 43.7% 30.7% 0.7%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity % ⓘ		19.916.515.315.514.811.215.622.918.817.618.4
Op. Profit
Mgn % ⓘ		12.211.513.113.812.512.115.718.517.316.916.1
Net Profit
Mgn % ⓘ		5.95.566.25.34.97.61110.711.311.7
Debt to
Equity ⓘ		0.50.40.30.20.30.20.10.10.10.10
Working Cap
Days ⓘ		13512811611911712812612213715185
Cash Conv.
Cycle ⓘ		4642373744525057696247

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 13.40%

Net Profit is growing at healthy rate in last 3 years 28.80%

Return on Equity has declined versus last 3 years average to 18.40%

Sales growth is not so good in last 4 quarters at 9.80%

Latest Financials - LG Balakrishnan & Bros Ltd.

Standalone Consolidated
TTM EPS (₹) 91.1 94.7
TTM Sales (₹ Cr.) 2,391 2,578
BVPS (₹.) ⓘ 507.5 514.8
Reserves (₹ Cr.) ⓘ 1,587 1,610
P/BV ⓘ 2.49 2.46
PE ⓘ 13.87 13.34
From the Market
52 Week Low / High (₹) 1080.00 / 1575.00
All Time Low / High (₹) 3.25 / 1575.00
Market Cap (₹ Cr.) 4,031
Equity (₹ Cr.) 31.9
Face Value (₹) 10
Industry PE ⓘ 45.4

Management X-Ray of LG Balakrishnan&Bros:

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 (%)

Valuation of LG Balakrishnan&Bros

Event Update

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Analyst's Notes

No data found!

Key Ratios of LG Balakrishnan&Bros

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
Standalone Basis Consolidated Basis
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales1,1731,2051,2591,4181,6881,5431,6092,1022,2032,346
Operating Expenses ⓘ 1,0311,0681,0971,2221,4791,3571,3571,7131,8221,951
Manufacturing Costs259278248275338294274355371409
Material Costs5205005606457707057409491,0261,068
Employee Cost 147170187204256255239286320362
Other Costs ⓘ 10511910299115102103122105112
Operating Profit ⓘ 142137162196209186252389381395
Operating Profit Margin (%) 12.1%11.4%12.9%13.8%12.4%12.1%15.7%18.5%17.3%16.9%
Other Income ⓘ 2495358122649
Interest ⓘ 18181612131611989
Depreciation ⓘ 39465358687983837978
Exceptional Items ⓘ 701012191423207
Profit Before Tax ⓘ 9478103131143115180332340365
Tax ⓘ 20132943462547868893
Profit After Tax 736574899790133246252271
PAT Margin (%) 6.3%5.4%5.9%6.2%5.7%5.8%8.3%11.7%11.5%11.6%
Adjusted EPS (₹)22.720.222.627.431.729.242.578.280.386.4
Dividend Payout Ratio (%)15%15%15%8%16%17%24%19%20%21%

Balance Sheet

(All Figures are in Crores.)
Standalone Basis Consolidated Basis
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 3654165215856667068791,1321,3651,625
Share Capital ⓘ 16161616313131313131
Reserves ⓘ 3494015055706356758481,1011,3341,594
Minority Interest131517151542223
Debt15713997551789259898693
Long Term Debt99959249998119211719
Short Term Debt584466791140686974
Trade Payables183187214260258247260275210258
Others Liabilities ⓘ 1491039810010582178214210258
Total Liabilities ⓘ 8678609471,0151,2211,1321,3781,7131,8732,237

Fixed Assets

Gross Block5866914345026828098458809401,114
Accumulated Depreciation2703113889151225304381454542
Net Fixed Assetsⓘ 316381396413531584541499487572
CWIP ⓘ 371014273796153247
Investmentsⓘ 18196054552063104134176
Inventories231228231253307290301436400389
Trade Receivables147153176194221175247294272300
Cash Equivalents 78199105146291348360
Others Assetsⓘ 11362536461507375201392
Total Assets ⓘ 8678609471,0151,2211,1321,3781,7131,8732,237

Cash Flow

(All Figures are in Crores.)
Standalone Basis Consolidated Basis
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity ⓘ 102117150128102203211202304343
PBT ⓘ 9478103131143115180332340365
Adjustment ⓘ 51656466687788886344
Changes in Working Capital ⓘ -23-82-27-5843-11-135-1432
Tax Paid ⓘ -20-17-20-42-51-32-46-82-86-98
Cash Flow From Investing Activity ⓘ -97-87-78-87-180-55-121-182-295-299
Capex -97-84-85-91-183-71-38-48-76-156
Net Investments -1-400015-302-1
Others ⓘ 116421-81-134-221-143
Cash Flow From Financing Activityⓘ -4-33-60-5081-154-33-19-58-40
Net Proceeds from Shares ⓘ 0000000000
Net Proceeds from Borrowing ⓘ 321400000000
Interest Paid ⓘ -19-17-14-11-11-14-9-7-5-7
Dividend Paid ⓘ -12-16-2-13-17-380-31-47-50
Others ⓘ -5-14-44-26109-102-2420-517
Net Cash Flow ⓘ 1-211-92-5572-483

Finance Ratio

Standalone Basis Consolidated Basis
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)22.0116.7215.8716.0115.4513.1416.7624.4320.218.16
ROCE (%)22.4416.9219.121.2119.715.3521.5331.3225.9223.35
Asset Turnover Ratio1.591.531.541.481.511.311.281.361.231.14
PAT to CFO Conversion(x)1.41.82.031.441.052.261.590.821.211.27
Working Capital Days
Receivable Days42414346454748474745
Inventory Days62636061617167646961
Payable Days1161351301341231311251038680

LG Balakrishnan & Bros Ltd Stock News

LG Balakrishnan & Bros Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of LG Balakrishnan&Bros on 13-Jun-2025 16:59 is ₹1,263.9.
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 13-Jun-2025 16:59 the market cap of LG Balakrishnan&Bros stood at ₹4,030.7.
The latest P/E ratio of LG Balakrishnan&Bros as of 13-Jun-2025 16:59 is 13.87.
The latest P/B ratio of LG Balakrishnan&Bros as of 13-Jun-2025 16:59 is 2.49.
The 52-week high of LG Balakrishnan&Bros is ₹1,575 and the 52-week low is ₹1,080.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of LG Balakrishnan&Bros is ₹2,391 ( Cr.) .

About LG Balakrishnan & Bros Ltd

L G Balakrishnan & Bros. (LGB), one of the leading companies in South India, was established way back in 1937. Started as a transport operator, the company entered into manufacturing in 1966 when timing chain manufacturing operations were taken up. Since then the company has come a long way, keeping in pace with the technological advancements and has grown into India's leading roller chain manufacturer. The company today stands proud as the premier manufacturer of both automotive and industrial chains under the popular brand name ‘ROLON’. LGB is now surging ahead to become a metal forming company concentrating on hot, warm & cold forging, blanking, fine blanking & precision machined parts.

Milestones

  • 1937: Fleet operator bus body building
  • 1960: chain manufacturing plant
  • 1970: Steel strips and wire rods
  • 1980: Fine product division
  • 1981: Tyre retreading
  • 1982: Commercial tooling division
  • 1985: Instrumentation division
  • 1990: Manufacturer of cols Forge rollers
  • 1993: Rubber belt division
  • 1994: Aluminum bus bodies division
  • 1995: Textile division
  • 2000: Cold forging division
  • 2003: Hot forging division 
  • 2006: LGB Bosh plant for CRDI components

Major Products:

Transmission Products: Chains, Sprockets, Tensioners, Belts

Metal Forming:    Fine Blanking, Forging, Machined Components, Wire Drawing

Achievements

  • LGB has become the first Indian Company to supply timing chains to 4-wheeler OEMs in India and is the largest exporter to the US
  • During the late 1980s, LGB entered into a technical know-how agreement with Daido Kogyo, Japan to become the leading supplier of drive chains and cam chains to all 2-Wheeler OEMs in India. 
  • LGB has become the No. 1 OEM supplier of drive chains with 70% market share, around 50% in the replacement market.  
  • LGB also makes industrial chains. These chains are known for their Quality and used in various applications. LGB is the leading player in the Indian market and exports about $5 Million to US and Europe, annually. 
  • LGB acquired fine blanking technology in mid 80s for manufacturing chain plates. It further extended its fine blanking division as a separate manufacturing during the late 90s, to cater to high OEM demands for Fine Blanked components. 
  • In late 1990, a new chapter began in LGB’s history of engineered manufacturing. It graduated to being a manufacturer of forged parts inculcating the sound technical stability it had in its chains. Today, LGB makes hot, warm & cold forgings for all 2-wheeler OEMs in the country and abroad. 
  • LGB is a leading fine blanking manufacturer having about 15 presses in operation. 
  • LGB’s turnover has crossed the landmark of $100 million in 2005-2006 which is inclusive of exports to the US and Europe. 
  • LGB has been accredited with ISO 9001 by UL, US and further has TS16949 , ISO 14001, API & Export House Certifications.

Certification

  • Vaiyampalayam Plant - ISO / TS 16949 Fine Products / Ganapathy - ISO / TS 16949
  • Gudalur Plant - API Two Star Export House
  • Annur Plant - ISO / TS 16949
  • Gudalur Plant - ISO 9001: 2000 Vaiyampalayam / Annur - ISO 9001: 2000
  • Fine Products / Ganapathy - ISO 9001: 2000 Cold Forgings Division - ISO 9001: 2000 
  • Forging Division - ISO 9001: 2000 Forging Division - ISO 9001: 2000 
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