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LG Balakrishnan & Bros Ltd (LGBBROSLTD)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500250 NSE: LGBBROSLTD Auto Ancillary | Small Cap | LG Balakrishnan&Bros Share Price

₹1,459.05 -19.00 (-1.29%)

As on 10-Jun'26 16:01

LG Balakrishnan & Bros Ltd (LGBBROSLTD)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500250 NSE: LGBBROSLTD Auto Ancillary | Small Cap | LG Balakrishnan&Bros Share Price

₹1,459.05 -19.00 (-1.29%)

As on 10-Jun'26 16:01

Key Metrics
Valuation Multiples
Market Cap
₹4,714 Cr.
Current Price
₹1,459.1
52-Week Low / High
₹1,210 / 2,097
TTM EPS
₹100
TTM Sales
₹3,076 Cr.
Book Value per Share
₹597.2
P/E Ratio
14.79
Higher than its 5-year historical median
Industry PE
43
Price to Book (P/B)
2.48
In line with its 5-year historical median
Price to Sales (P/S)
1.53
Lower than its 5-year historical median
EV/EBITDA
8.39
In line with its 5-year historical median
Dividend Yield
1.69%
Profitability Efficiency
Return on Equity (ROE)
17.12%
Outperforms industry median
Return on Capital Employed (ROCE)
21.28%
Outperforms industry median
Return on Assets (ROA)
12.57%
Operating Profit Margin
16.1%
Net Profit Margin
11.72%
Gross Profit Margin
17.8%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
9.9%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
5.25%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
11.27%
Asset Quality
Promoter Holding
34.83%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,873 Cr.
Equity
₹31.9 Cr.
Face Value
₹10
All Time Low / High
₹3.25 / 2096.95

LG Balakrishnan & Bros 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 LG Balakrishnan & Bros Ltd a good quality company?
LG Balakrishnan & Bros Ltd is a good quality company, based on a consistently good 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 LG Balakrishnan & Bros Ltd performance compare with that of its Peers?
Q.1 Revenue growth of LG Balakrishnan & Bros Ltd vs industry peers?
LG Balakrishnan & Bros Ltd revenue CAGR is 10.82%, compared to the industry median CAGR of 11.89%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of LG Balakrishnan & Bros Ltd?
Promoters hold 34.83% of the LG Balakrishnan & Bros Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of LG Balakrishnan & Bros Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 20.7% 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.
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

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 16.9%19.1%21.2%19.7%15.4%21.5%31.3%25.9%23.4%21.3%-
Value Creation
Index
0.20.40.50.40.10.51.20.90.70.5-

Growth Parameters

Sales 1,2051,2591,4181,6881,5431,6092,1022,2032,3462,5783,076
Sales YoY Gr.-4.4%12.7%19%-8.6%4.3%30.7%4.8%6.5%9.9%-
Adj EPS 20.522.927.229.524.639.473.274.984.188.7100
YoY Gr.-11.7%18.9%8.3%-16.7%60.2%86%2.3%12.3%5.4%-
BVPS (₹) 131.8165.8186.5212.1224.9280.1360.7434.9517.7597.2597.2
Adj Net
Profit
64.371.985.592.677.1124230235264283319
Cash Flow from Ops. 117150128102203211202304343288-
Debt/CF from Ops. 1.50.90.92.10.60.30.50.30.30.5-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 8.8%10.8%7%9.9%
Adj EPS 17.7%29.3%6.6%5.4%
BVPS18.3%21.6%18.3%15.4%
Share Price 19.8% 32.9% 22.1% 12.5%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
16.515.315.514.811.215.622.918.817.61616.7
Op. Profit
Mgn %
11.513.113.812.512.115.718.517.316.916.115.7
Net Profit
Mgn %
5.566.25.34.97.61110.711.31110.4
Debt to
Equity
0.40.30.20.30.20.10.10.10.10.10
Working Cap
Days
12811611911712812612213715115969
Cash Conv.
Cycle
4237374452505769625730

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales1,2051,2591,4181,6881,5431,6092,1022,2032,3462,578
Operating Expenses + 1,0681,0971,2221,4791,3571,3571,7131,8221,9512,162
Manufacturing Costs278248275338294274355371409476
Material Costs5005606457707057409491,0261,0681,129
Employee Cost 170187204256255239286320352417
Other Costs 11910299115102103122105122140
Operating Profit 137162196209186252389381395416
Operating Profit Margin (%) 11.4%12.9%13.8%12.4%12.1%15.7%18.5%17.3%16.9%16.1%
Other Income + 49535812264955
Exceptional Items 0101219142320723
Interest 18161213161198911
Depreciation 46535868798383797892
Profit Before Tax 78103131143115180332340365391
Tax 13294346254786889389
Profit After Tax 6574899790133246252271302
PAT Margin (%) 5.4%5.9%6.2%5.7%5.8%8.3%11.7%11.5%11.6%11.7%
Adjusted EPS (₹)20.222.627.431.729.242.578.280.386.494.7
Dividend Payout Ratio (%)14.80%15.50%8.20%15.80%17.10%23.50%19.20%19.90%20.80%21.10%

Valuation of LG Balakrishnan&Bros - Consolidated

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 + 4165215856667068791,1321,3651,6251,904
Share Capital 16161631313131313132
Reserves 4015055706356758481,1011,3341,5941,873
Debt +13997551789259898693135
Long Term Debt95924999811921171951
Short Term Debt446679114068697484
Minority Interest15171515422233
Trade Payables187214260258247260275210258286
Others Liabilities 1039810010582178214210258242
Total Liabilities 8609471,0151,2211,1321,3781,7131,8732,2372,570

Fixed Assets

Net Fixed Assets +381396413531584541499487572812
Gross Block6914345026828098458809401,1141,440
Accumulated Depreciation3113889151225304381454542628
CWIP 101427379615324722
Investments 196054552063104134176153
Inventories228231253307290301436400389432
Trade Receivables153176194221175247294272300321
Cash Equivalents 8199105146291348360422
Others Assets 62536461507375201392407
Total Assets 8609471,0151,2211,1321,3781,7131,8732,2372,570

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 117150128102203211202304343288
PBT 78103131143115180332340365391
Adjustment 65646668778888634441
Changes in Working Capital -82-27-5843-11-135-1432-45
Tax Paid -17-20-42-51-32-46-82-86-98-99
Cash Flow From Investing Activity + -87-78-87-180-55-121-182-295-299-311
Capex -84-85-91-183-71-38-48-76-156-289
Net Investments -400015-302-1-6
Others 16421-81-134-221-143-15
Cash Flow From Financing Activity + -33-60-5081-154-33-19-58-4018
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 14000000000
Interest Paid -17-14-11-11-14-9-7-5-7-9
Dividend Paid -16-2-13-17-38-0-31-47-50-56
Others -14-44-26109-102-2420-51783
Net Cash Flow -211-92-5572-483-4

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)16.7215.8716.0115.4513.1416.7624.4320.218.1617.12
ROCE (%)16.9219.121.2119.715.3521.5331.3225.9223.3521.28
Asset Turnover Ratio1.531.541.481.511.311.281.361.231.141.07
PAT to CFO Conversion(x)1.82.031.441.052.261.590.821.211.270.95
Working Capital Days
Receivable Days41.2042.9046.4044.9046.8047.8046.9046.9044.6044
Inventory Days63.106060.7060.6070.60676469.2061.4058.10
Payable Days134.90130.40134122.60130.60125.1010386.3079.9087.90

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

LG Balakrishnan & Bros Ltd FAQs

The current trading price of LG Balakrishnan&Bros on 10-Jun-2026 16:01 is ₹1,459.1.

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 09-Jun-2026 the market cap of LG Balakrishnan&Bros stood at ₹4,713.9 Cr

The latest P/E ratio of LG Balakrishnan&Bros as of 09-Jun-2026 is 15.39.

The latest P/B ratio of LG Balakrishnan&Bros as of 09-Jun-2026 is 2.52.

The 52-week high of LG Balakrishnan&Bros is ₹2,097 and the 52-week low is ₹1,210.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of LG Balakrishnan&Bros is ₹2,773 ( Cr.) .

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

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.

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

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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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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