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10 Yrs X-Ray 
Valuation 
Analyst Note 
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About
LGB Forge Ltd (LGBFORGE)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 533007 NSE: LGBFORGE Forgings | Small Cap | LGB Forge Share Price
₹5.64 0.07 (1.26%)
As on 07-Aug'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
₹5.64 0.07 (1.26%)
As on 07-Aug'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹134 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
94
Price to Book (P/B)
8.26
Lower than its 5-year historical median
Price to Sales (P/S)
1.30
Lower than its 5-year historical median
EV/EBITDA
30.46
Higher than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
-12.83%
Underperforms industry median
Return on Capital Employed (ROCE)
2.43%
Underperforms industry median
Return on Assets (ROA)
-3.54%
Operating Profit Margin
3.2%
Net Profit Margin
-2.15%
Gross Profit Margin
1.9%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
9.73%
Operating Profit Growth (1 Year)
-
128.77%
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
70.81%
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
Check Before You Invest
Quality
Somewhat GoodValuation
FairCheck Valuation charts
Price Trend
Weak
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?
Revenue growth of LGB Forge Ltd vs industry peers?
LGB Forge Ltd revenue CAGR is 2.29%, compared to the industry median CAGR of 9.65%, indicating slower growth and losing its market share.
Promoter shareholding and pledge status of LGB Forge Ltd?
Promoters hold 70.81% of the LGB Forge Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of LGB Forge Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -0.7% based on the current price.
10 Year X-Ray :
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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 2.8% | -0.1% | 22.7% | 5.1% | 12.5% | 12.3% | -11.6% | -4% | 3.3% | 2.4% | - |
| Value Creation Index ⓘ | -0.8 | -1.0 | 0.6 | -0.6 | -0.1 | -0.1 | -1.8 | -1.3 | -0.8 | -0.8 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 82.9 | 99.7 | 132 | 101 | 92.1 | 130 | 91.5 | 89.4 | 94 | 103 | 103 |
| Sales YoY Gr. | - | 20.3% | 32.1% | -23.2% | -8.9% | 41.2% | -29.6% | -2.4% | 5.2% | 9.7% | - |
| Adj EPS ⓘ | -0.3 | -0.2 | 0.1 | -0 | 0.1 | 0.1 | -0.4 | -0.2 | -0.1 | -0.1 | -0.1 |
| YoY Gr. | - | NA | NA | -157.1% | NA | 7.7% | -371.4% | NA | NA | NA | - |
| BVPS (₹) ⓘ | 0.4 | 0.2 | 1.3 | 1.3 | 1.5 | 1.6 | 1.3 | 0.9 | 0.8 | 0.7 | 0.7 |
| Adj Net Profit ⓘ | -4.6 | -3.3 | 1.7 | -1 | 3 | 3.2 | -9.1 | -5.8 | -2.9 | -2.6 | -2 |
| Cash Flow from Ops. ⓘ | 3.8 | 10.8 | -0.4 | 5.3 | 4 | 2.3 | -9.1 | 3.5 | 15.6 | 5 | - |
| Debt/CF from Ops. ⓘ | 4.7 | 1.5 | -26.4 | 2.2 | 2.7 | 5.2 | -2.9 | 8.3 | 1.2 | 4.3 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 2.5% | 2.3% | 4.1% | 9.7% | ||||
| Adj EPS ⓘ | NA | -196.7% | NA | NA | ||||
| BVPSⓘ | 5% | -14.3% | -18.4% | -11.7% | ||||
| Share Price | -0.5% | -9.3% | -14.6% | -43.9% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -57.9 | -64.8 | 9.6 | -3.2 | 8.8 | 8.6 | -26.3 | -23.1 | -15 | -15.2 | -13.2 |
| Op. Profit Mgn % ⓘ | -0.9 | 1.6 | 6.7 | 5.7 | 10.3 | 7.6 | -6.2 | -1.5 | 1.6 | 3.2 | 3 |
| Net Profit Mgn % ⓘ | -5.6 | -3.3 | 1.3 | -1 | 3.2 | 2.5 | -10 | -6.5 | -3.1 | -2.6 | -2.1 |
| Debt to Equity ⓘ | 2.7 | 4.9 | 0.4 | 0.4 | 0.3 | 0.3 | 0.9 | 1.4 | 1.1 | 1.3 | 0.6 |
| Working Cap Days ⓘ | 159 | 127 | 125 | 179 | 194 | 167 | 261 | 266 | 209 | 158 | 81 |
| Cash Conv. Cycle ⓘ | 80 | 48 | 36 | 58 | 83 | 83 | 155 | 165 | 135 | 112 | 30 |
Valuation of LGB Forge - Standalone
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 83 | 100 | 132 | 101 | 92 | 130 | 92 | 89 | 94 | 103 |
| Operating Expenses ⓘ + | 84 | 98 | 123 | 95 | 83 | 120 | 97 | 91 | 93 | 100 |
| Operating Profit ⓘ | -1 | 2 | 9 | 6 | 9 | 10 | -6 | -1 | 1 | 3 |
| Operating Profit Margin (%) | -1.4% | 1.6% | 6.7% | 5.7% | 10.3% | 7.5% | -6.2% | -1.5% | 1.6% | 3.2% |
| Other Income ⓘ + | 0 | 0 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 2 |
| Interest ⓘ | 3 | 3 | 5 | 3 | 2 | 2 | 3 | 4 | 3 | 3 |
| Depreciation ⓘ | 2 | 2 | 3 | 4 | 5 | 5 | 3 | 3 | 3 | 3 |
| Profit Before Tax ⓘ | -2 | -3 | 2 | -1 | 3 | 3 | -9 | -6 | -1 | -2 |
| Tax ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -2 | -3 | 2 | -1 | 3 | 3 | -9 | -6 | -1 | -2 |
| PAT Margin (%) | -2.6% | -3.2% | 1.6% | -0.6% | 3.7% | 2.7% | -9.7% | -6.3% | -1.3% | -2.2% |
| Adjusted EPS (₹) | -0.1 | -0.2 | 0.1 | -0.0 | 0.1 | 0.1 | -0.4 | -0.2 | -0.1 | -0.1 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 7 | 3 | 32 | 32 | 36 | 39 | 30 | 20 | 18 | 16 | |
| Debt + | 16 | 14 | 9 | 9 | 10 | 11 | 24 | 27 | 18 | 20 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 16 | 20 | 33 | 20 | 27 | 27 | 22 | 22 | 9 | 11 | |
| Others Liabilities ⓘ | 7 | 9 | 8 | 10 | 8 | 7 | 9 | 10 | 17 | 16 | |
| Total Liabilities ⓘ | 46 | 47 | 82 | 71 | 80 | 85 | 85 | 79 | 63 | 63 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 9 | 12 | 25 | 27 | 24 | 20 | 18 | 12 | 17 | 16 | |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | |
| Investments ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Inventories | 19 | 13 | 25 | 19 | 19 | 27 | 30 | 28 | 17 | 15 | |
| Trade Receivables | 16 | 18 | 25 | 21 | 34 | 35 | 34 | 31 | 25 | 27 | |
| Cash Equivalents | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | |
| Others Assets ⓘ | 2 | 3 | 6 | 3 | 3 | 3 | 3 | 7 | 3 | 3 | |
| Total Assets ⓘ | 46 | 47 | 82 | 71 | 80 | 85 | 85 | 79 | 63 | 63 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 4 | 11 | -0 | 5 | 4 | 2 | -9 | 3 | 16 | 5 |
| Cash Flow From Investing Activity ⓘ + | 4 | -6 | -15 | -3 | -2 | -0 | -2 | -2 | -3 | -3 |
| Cash Flow From Financing Activity ⓘ + | -8 | -5 | 16 | -2 | -2 | -2 | 11 | -1 | -13 | -2 |
| Net Cash Flow ⓘ | -0 | -0 | 0 | 0 | -0 | -0 | 0 | -0 | 0 | -0 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -27.3 | -62.67 | 11.88 | -2.05 | 10.35 | 9.32 | -25.87 | -22.52 | -6.37 | -12.83 |
| ROCE (%) | 2.79 | -0.09 | 22.65 | 5.11 | 12.51 | 12.31 | -11.63 | -3.97 | 3.27 | 2.43 |
| Asset Turnover Ratio | 1.83 | 2.2 | 2.04 | 1.32 | 1.22 | 1.57 | 1.08 | 1.09 | 1.33 | 1.65 |
| PAT to CFO Conversion(x) | N/A | N/A | -0 | N/A | 1.33 | 0.67 | N/A | N/A | N/A | N/A |
| Working Capital Days | ||||||||||
| Receivable Days | 84.10 | 60.10 | 60.40 | 84.70 | 109.90 | 96.70 | 137.70 | 133.60 | 109.10 | 91.70 |
| Inventory Days | 67.60 | 58.10 | 53.10 | 79.40 | 74.70 | 63.70 | 112.30 | 118.20 | 87.60 | 57.40 |
| Payable Days | 151.80 | 121 | 146 | 199.40 | 204.10 | 145.80 | 192.60 | 193 | 130.80 | 83.50 |
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LGB Forge Ltd FAQs
The current trading price of LGB Forge on 07-Aug-2026 16:59 is ₹5.64.
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 06-Aug-2026 the market cap of LGB Forge stood at ₹134.3 Cr
The latest P/E ratio of LGB Forge as of 06-Aug-2026 is 0.00.
The latest P/B ratio of LGB Forge as of 06-Aug-2026 is 8.26.
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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