LGB Forge Ltd - Stock Valuation and Financial Performance

BSE: 533007 | NSE: LGBFORGE | Forgings | Small Cap

LGB Forge Share Price

10.03 0.47 4.92%
as on 08-Oct'24 16:01

DeciZen - make an informed investing decision on LGB Forge

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Semi Strong

GB Forge stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
227.7 Cr.
52-wk low:
8.6
52-wk high:
14.8

Is LGB Forge Ltd an attractive stock to invest in?

1. Is LGB Forge Ltd a good quality company?

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

2. Is LGB Forge Ltd undervalued or overvalued?

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

3. Is LGB Forge Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of LGB Forge 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 LGB Forge:

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

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 9.7%4.6%2.8%-0.1%22.7%5.1%12.5%12.3%-11.6%-4%-
Value Creation
Index
-0.3-0.7-0.8-1.00.6-0.6-0.1-0.1-1.8-1.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 80.288.382.999.713210192.113091.589.499
Sales YoY Gr.-10.2%-6.2%20.3%32.1%-23.2%-8.9%41.2%-29.6%-2.4%-
Adj EPS -0.2-0.3-0.3-0.20.1-00.10.1-0.4-0.2-0.3
YoY Gr.-NANANANA-157.1%NA7.7%-371.4%NA-
BVPS (₹) 0.80.60.40.21.31.31.51.61.30.90.9
Adj Net
Profit
-2.4-4-4.6-3.31.7-133.2-9.1-5.8-6
Cash Flow from Ops. 5.52.33.810.8-0.45.342.3-9.13.5-
Debt/CF from Ops. 5.89.94.71.5-26.42.22.75.2-2.98.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 1.2%-7.5%-1%-2.4%
Adj EPS NA-227.9%-222.7%NA
BVPS1.4%-8.3%-16.7%-32%
Share Price 9.8% 33% 13.2% 6.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
-19.8-38.4-57.9-64.89.6-3.28.88.6-26.3-23.1-29.1
Op. Profit
Mgn %
52.2-0.91.66.75.710.37.6-6.2-1.5-1.9
Net Profit
Mgn %
-3-4.5-5.6-3.31.3-13.22.5-10-6.5-6
Debt to
Equity
2.82.52.74.90.40.40.30.30.91.4-
Working Cap
Days
194175159127125179194167261266122
Cash Conv.
Cycle
1179380483658838315516533

Recent Performance Summary

No data to display

Return on Equity is Poor

Sales growth has been subdued in last 3 years -1.01%

Debt to equity has increased versus last 3 years average to 1.44

Sales growth is not so good in last 4 quarters at -5.59%

Latest Financials - LGB Forge Ltd.

Standalone Consolidated
TTM EPS (₹) -0.3 -
TTM Sales (₹ Cr.) 99.1 -
BVPS (₹.) 0.9 -
Reserves (₹ Cr.) -3 -
P/BV 11.03 -
PE 0.00 -
From the Market
52 Week Low / High (₹) 8.62 / 14.79
All Time Low / High (₹) 0.85 / 23.90
Market Cap (₹ Cr.) 228
Equity (₹ Cr.) 23.8
Face Value (₹) 1
Industry PE 42.8

Management X-Ray of LGB Forge:

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 (%)

Event Update

Login/Register to view analysis.

Analyst's Notes

Key Ratios of LGB Forge

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales808883100132101921309289
Operating Expenses 7686849812395831209791
Manufacturing Costs22242423262219232121
Material Costs39444154674942674641
Employee Cost 10121314201816212120
Other Costs 5767965998
Operating Profit 42-1296910-6-1
Operating Profit Margin (%) 5.0%2.2%-1.4%1.6%6.7%5.7%10.3%7.5%-6.2%-1.5%
Other Income 2100111122
Interest 5433532234
Depreciation 4322345533
Exceptional Items 2240000000
Profit Before Tax 0-2-2-32-133-9-6
Tax 0000000000
Profit After Tax 0-2-2-32-133-9-6
PAT Margin (%) -0.2%-2.6%-2.6%-3.2%1.6%-0.6%3.7%2.6%-9.7%-6.3%
Adjusted EPS (₹)0.0-0.2-0.1-0.20.10.00.10.1-0.4-0.2
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 11973323236393020
Share Capital 15151515242424242424
Reserves -4-6-8-128812166-4
Minority Interest0000000000
Debt222116149910112427
Long Term Debt89664110313
Short Term Debt1413108589112114
Trade Payables18181620332027272222
Others Liabilities 1477981087910
Total Liabilities 65564647827180858579

Fixed Assets

Gross Block77771116323838384028
Accumulated Depreciation62652471114182216
Net Fixed Assets1512912252724201812
CWIP 0000001000
Investments 0000000000
Inventories16151913251919273028
Trade Receivables32271618252134353431
Cash Equivalents 0000000000
Others Assets2223633337
Total Assets 65564647827180858579

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 524110542-93
PBT 0-2-2-32-133-9-6
Adjustment 5525777827
Changes in Working Capital 1-049-10-1-6-9-22
Tax Paid 0000000000
Cash Flow From Investing Activity 324-6-15-3-20-2-2
Capex 324-6-15-3-20-2-2
Net Investments 0000000000
Others 0000000000
Cash Flow From Financing Activity -8-4-8-516-2-2-211-1
Net Proceeds from Shares 00002600000
Net Proceeds from Borrowing -100-5-20000210
Interest Paid -4-4-3-3-5-2-2-2-2-3
Dividend Paid 0000000000
Others 6000-60-1111-9
Net Cash Flow 0000000000
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)-1.14-22.73-27.3-62.6711.88-2.0510.359.32-25.87-22.52
ROCE (%)9.724.572.79-0.0922.655.1112.5112.31-11.63-3.97
Asset Turnover Ratio1.381.631.832.22.041.321.221.571.081.09
PAT to CFO Conversion(x)N/AN/AN/AN/A0N/A1.330.67N/AN/A
Working Capital Days
Receivable Days1141108460608511097138134
Inventory Days7159685853797564112118
Payable Days138149152121146199204146193193

LGB Forge Ltd Stock News

LGB Forge Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of LGB Forge on 08-Oct-2024 16:01 is ₹10.03.
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 08-Oct-2024 16:01 the market cap of LGB Forge stood at ₹227.7.
The latest P/E ratio of LGB Forge as of 08-Oct-2024 16:01 is 0.00.
The latest P/B ratio of LGB Forge as of 08-Oct-2024 16:01 is 11.03.
The 52-week high of LGB Forge is ₹14.79 and the 52-week low is ₹8.62.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of LGB Forge is ₹99.07 ( Cr.) .

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.
Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.