Is LG Balakrishnan & Bros 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 .

Is LG Balakrishnan & Bros 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 .

What is LG Balakrishnan & Bros share price return in the past 10 years?

LG Balakrishnan & Bros Ltd share price has appreciated 15.4% annually (CAGR) over the past ten years.

Is LG Balakrishnan & Bros 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.

LG Balakrishnan & Bros Ltd - Stock Valuation and Financial Performance

Name: LG Balakrishnan & Bros
Brand: LG Balakrishnan & Bros

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

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LG Balakrishnan&Bros Share Price

₹1,272 -18.85 -1.46%
as on 26-Dec'24 15:15

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	22.4%	16.9%	19.1%	21.2%	19.7%	15.4%	21.5%	31.3%	25.9%	23.4%	-
Value Creation Index ⓘ	0.6	0.2	0.4	0.5	0.4	0.1	0.5	1.2	0.9	0.7	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	1,173	1,205	1,259	1,418	1,688	1,543	1,609	2,102	2,203	2,346	2,440
Sales YoY Gr.	-	2.8%	4.4%	12.7%	19%	-8.6%	4.3%	30.7%	4.8%	6.5%	-
Adj EPS ⓘ	21.3	20.5	22.9	27.2	29.5	24.6	39.4	73.2	74.9	84.1	88.8
YoY Gr.	-	-3.9%	11.7%	18.9%	8.3%	-16.7%	60.2%	86%	2.3%	12.3%	-
BVPS (₹) ⓘ	115.3	131.8	165.8	186.5	212.1	224.9	280.1	360.7	434.9	517.7	562.8
Adj Net Profit ⓘ	67	64.3	71.9	85.5	92.6	77.1	124	230	235	264	283
Cash Flow from Ops. ⓘ	102	117	150	128	102	203	211	202	304	343	-
Debt/CF from Ops. ⓘ	1.7	1.5	0.9	0.9	2.1	0.6	0.3	0.5	0.3	0.3	-

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	15.4%	38.8%	28.2%	-0.3%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	19.9	16.5	15.3	15.5	14.8	11.2	15.6	22.9	18.8	17.6	16.4
Op. Profit Mgn % ⓘ	12.2	11.5	13.1	13.8	12.5	12.1	15.7	18.5	17.3	16.9	16.7
Net Profit Mgn % ⓘ	5.9	5.5	6	6.2	5.3	4.9	7.6	11	10.7	11.3	11.6
Debt to Equity ⓘ	0.5	0.4	0.3	0.2	0.3	0.2	0.1	0.1	0.1	0.1	0
Working Cap Days ⓘ	135	128	116	119	117	128	126	122	137	151	84
Cash Conv. Cycle ⓘ	46	42	37	37	44	52	50	57	69	62	46

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 16.40%

Sales growth is not so good in last 4 quarters at 8.90%

Latest Financials - LG Balakrishnan & Bros Ltd.

	Standalone	Consolidated
TTM EPS (₹)	88.9	88.8
TTM Sales (₹ Cr.)	2,311	2,440
BVPS (₹.) ⓘ	556.2	562.8
Reserves (₹ Cr.) ⓘ	1,742	1,763
P/BV ⓘ	2.32	2.29
PE ⓘ	14.52	14.54

From the Market
52 Week Low / High (₹)	1104.30 / 1575.00
All Time Low / High (₹)	3.25 / 1575.00
Market Cap (₹ Cr.)	4,117
Equity (₹ Cr.)	31.9
Face Value (₹)	10
Industry PE ⓘ	50.3

Management X-Ray of LG Balakrishnan&Bros:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of LG Balakrishnan&Bros

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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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

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	1,173	1,205	1,259	1,418	1,688	1,543	1,609	2,102	2,203	2,346
Operating Expenses ⓘ	1,031	1,068	1,097	1,222	1,479	1,357	1,357	1,713	1,822	1,951
Manufacturing Costs	259	278	248	275	338	294	274	355	371	409
Material Costs	520	500	560	645	770	705	740	949	1,026	1,068
Employee Cost	147	170	187	204	256	255	239	286	320	362
Other Costs ⓘ	105	119	102	99	115	102	103	122	105	112
Operating Profit ⓘ	142	137	162	196	209	186	252	389	381	395
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 ⓘ	2	4	9	5	3	5	8	12	26	49
Interest ⓘ	18	18	16	12	13	16	11	9	8	9
Depreciation ⓘ	39	46	53	58	68	79	83	83	79	78
Exceptional Items ⓘ	7	0	1	0	12	19	14	23	20	7
Profit Before Tax ⓘ	94	78	103	131	143	115	180	332	340	365
Tax ⓘ	20	13	29	43	46	25	47	86	88	93
Profit After Tax	73	65	74	89	97	90	133	246	252	271
PAT Margin (%)	6.3%	5.4%	5.9%	6.2%	5.7%	5.8%	8.3%	11.7%	11.5%	11.6%
Adjusted EPS (₹)	22.7	20.2	22.6	27.4	31.7	29.2	42.5	78.2	80.3	86.4
Dividend Payout Ratio (%)	15%	15%	15%	8%	16%	17%	24%	19%	20%	21%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	365	416	521	585	666	706	879	1,132	1,365	1,625
Share Capital ⓘ	16	16	16	16	31	31	31	31	31	31
Reserves ⓘ	349	401	505	570	635	675	848	1,101	1,334	1,594
Minority Interest	13	15	17	15	15	4	2	2	2	3
Debt	157	139	97	55	178	92	59	89	86	93
Long Term Debt	99	95	92	49	99	81	19	21	17	19
Short Term Debt	58	44	6	6	79	11	40	68	69	74
Trade Payables	183	187	214	260	258	247	260	275	210	258
Others Liabilities ⓘ	149	103	98	100	105	82	178	214	210	258
Total Liabilities ⓘ	867	860	947	1,015	1,221	1,132	1,378	1,713	1,873	2,237
Fixed Assets
Gross Block	586	691	434	502	682	809	845	880	940	1,114
Accumulated Depreciation	270	311	38	89	151	225	304	381	454	542
Net Fixed Assetsⓘ	316	381	396	413	531	584	541	499	487	572
CWIP ⓘ	37	10	14	27	37	9	6	15	32	47
Investmentsⓘ	18	19	60	54	55	20	63	104	134	176
Inventories	231	228	231	253	307	290	301	436	400	389
Trade Receivables	147	153	176	194	221	175	247	294	272	300
Cash Equivalents	7	8	19	9	10	5	146	291	348	360
Others Assetsⓘ	113	62	53	64	61	50	73	75	201	392
Total Assets ⓘ	867	860	947	1,015	1,221	1,132	1,378	1,713	1,873	2,237

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	102	117	150	128	102	203	211	202	304	343
PBT ⓘ	94	78	103	131	143	115	180	332	340	365
Adjustment ⓘ	51	65	64	66	68	77	88	88	63	44
Changes in Working Capital ⓘ	-23	-8	2	-27	-58	43	-11	-135	-14	32
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	-4	0	0	0	15	-3	0	2	-1
Others ⓘ	1	1	6	4	2	1	-81	-134	-221	-143
Cash Flow From Financing Activityⓘ	-4	-33	-60	-50	81	-154	-33	-19	-58	-40
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	32	14	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-19	-17	-14	-11	-11	-14	-9	-7	-5	-7
Dividend Paid ⓘ	-12	-16	-2	-13	-17	-38	0	-31	-47	-50
Others ⓘ	-5	-14	-44	-26	109	-102	-24	20	-5	17
Net Cash Flow ⓘ	1	-2	11	-9	2	-5	57	2	-48	3

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	22.01	16.72	15.87	16.01	15.45	13.14	16.76	24.43	20.2	18.16
ROCE (%)	22.44	16.92	19.1	21.21	19.7	15.35	21.53	31.32	25.92	23.35
Asset Turnover Ratio	1.59	1.53	1.54	1.48	1.51	1.31	1.28	1.36	1.23	1.14
PAT to CFO Conversion(x)	1.4	1.8	2.03	1.44	1.05	2.26	1.59	0.82	1.21	1.27
Working Capital Days
Receivable Days	42	41	43	46	45	47	48	47	47	45
Inventory Days	62	63	60	61	61	71	67	64	69	61
Payable Days	116	135	130	134	123	131	125	103	86	80

LG Balakrishnan & Bros Ltd Stock News

LG Balakrishnan & Bros Ltd FAQs

What is the share price of LG Balakrishnan&Bros?

Company share prices are keep on changing according to the market conditions. The closing price of LG Balakrishnan&Bros on 26-Dec-2024 15:15 is ₹1,272.

What is the market cap of LG Balakrishnan&Bros?

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 26-Dec-2024 15:15 the market cap of LG Balakrishnan&Bros stood at ₹4,116.8.

What is the P/E ratio of LG Balakrishnan&Bros?

The latest P/E ratio of LG Balakrishnan&Bros as of 26-Dec-2024 15:15 is 14.52.

What is the P/B ratio of LG Balakrishnan&Bros?

The latest P/B ratio of LG Balakrishnan&Bros as of 26-Dec-2024 15:15 is 2.32.

What is the 52-week high and low of LG Balakrishnan&Bros?

The 52-week high of LG Balakrishnan&Bros is ₹1,575 and the 52-week low is ₹1,104.3.

What is the TTM revenue of LG Balakrishnan&Bros?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of LG Balakrishnan&Bros is ₹2,311 ( 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 â€˜ROLONâ€™. 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 LGBâ€™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.
LGBâ€™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