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LGB Forge Ltd. Stock Analysis

Small Cap
Evaluated by 172 users | BSE: 533007 | NSE: LGBFORGE |
Forgings
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...

Analysis of Financial Track Record

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.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed -6.16%1.75%1.08%1.67%1.8%-2.96%-8.92%-4.83%16.49%2.23%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 12812710886.580.288.382.999.7132101
Y-o-Y Gr. Rt.--0.3%-15%-19.9%-7.4%10.2%-6.2%20.3%32.1%-23.2%
Adjusted EPS (Rs.) -1.21-0.58-0.34-0.23-0.16-0.26-0.3-0.220.07-0.04
Y-o-Y Gr. Rt.-NANANANANANANANA-157.1%
Book Value per Share (Rs.) 0.550.030.640.840.750.60.440.221.311.31
Adjusted Net Profit -12.4-5.9-5.1-3.5-2.4-4-4.6-3.31.7-1
Net Op. Cash Flow (Rs. Cr.) 8.31210.317.65.52.33.810.8-0.44.8
Debt to Cash Flow from Ops 8.595.875.122.045.839.864.741.54-26.372.47
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
LGB Forge Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -2.5%4.8%6.9%-23.2%
Adjusted EPS NANANA-157.1%
Book Value per Share 10.111.843.90
Share Price -1.3% -14% -3.4% 0.8%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) -124.9-200.24-102.61-31.36-19.77-38.44-57.93-64.829.57-3.17
Operating Profit Margin (%) 5.0410.2110.317.75.012.15-0.891.616.685.71
Net Profit Margin (%) -9.69-4.62-4.73-4.06-2.98-4.48-5.55-3.31.28-1
Debt to Equity 12.73247.35.422.812.772.512.654.880.350.38
Working Capital Days 131124144175194175159127125179
Cash Conversion Cycle 5764851111179380483663
Entity Percentage Holding
Promoters 74.90%
Institutions 0.01%
Non-Institutions 25.09%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of LGB Forge Ltd.'s performance infers:

LGB Forge Ltd. earnings have grown by 0%, whereas share price has depreciated -14% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of LGB Forge Ltd. share prices over the last 10 years. Here is what we found out:

LGB Forge Ltd. share price has depreciated -3.8% annually over the past ten years.

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

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.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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