L G Balakrishnan & Bros Ltd

₹ 1,684 -2.42%

08 May - close price

About

L.G. Balakrishnan & Bros Ltd is a major manufacturer of chains, sprockets and metal formed parts for automotive applications. Its business segments include transmission, metal forming and others.^[1]

Key Points

Product Segments Q3 FY26
1) Transmission (85%): ^[1]The company offers chains, sprockets, tensioners, belts and brake shoes.

Website BSE NSE

Market Cap ₹ 5,370 Cr.
Current Price ₹ 1,684
High / Low ₹ 2,097 / 1,208
Stock P/E 17.6
Book Value ₹ 660
Dividend Yield 1.19 %
ROCE 19.9 %
ROE 15.3 %
Face Value ₹ 10.0

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Pros

Company is almost debt free.
Company has been maintaining a healthy dividend payout of 21.9%

Cons

Promoter holding is low: 34.8%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Consumer Discretionary Automobile and Auto Components Auto Components Auto Components & Equipments

Part of BSE Consumer Discretionary BSE 1000

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	503	509	573	570	579	538	624	623	606	592	714	734	732
	413	423	472	468	481	449	516	514	506	501	584	606	614
Operating Profit	90	85	101	102	98	89	108	109	100	92	130	129	118
OPM %	18%	17%	18%	18%	17%	17%	17%	18%	16%	16%	18%	18%	16%
	16	7	18	14	16	21	17	12	27	23	14	8	16
Interest	2	2	2	2	3	2	2	2	2	2	2	3	3
Depreciation	19	17	17	18	20	20	20	22	23	25	26	28	29
Profit before tax	85	74	101	96	92	89	103	97	101	89	116	106	102
Tax %	33%	25%	25%	25%	27%	25%	24%	25%	28%	25%	28%	21%	30%
	57	55	76	72	67	67	78	73	73	67	84	85	71
EPS in Rs	18.06	17.57	24.12	22.84	21.32	21.43	24.37	22.92	22.75	20.95	26.34	26.50	22.27
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1,027	1,064	1,146	1,315	1,582	1,444	1,531	2,008	2,086	2,231	2,391	2,773
	897	938	997	1,131	1,379	1,257	1,269	1,629	1,716	1,844	1,984	2,304
Operating Profit	130	126	150	184	204	187	262	379	370	387	407	469
OPM %	13%	12%	13%	14%	13%	13%	17%	19%	18%	17%	17%	17%
	9	4	6	4	15	29	21	32	46	56	78	61
Interest	16	16	14	11	12	15	10	9	7	8	9	10
Depreciation	37	43	49	54	64	74	77	77	74	73	85	108
Profit before tax	85	70	92	123	143	127	195	325	335	363	391	413
Tax %	24%	18%	28%	35%	32%	20%	24%	26%	26%	26%	26%	26%
	64	57	66	80	97	102	148	239	248	270	291	306
EPS in Rs	20.51	18.30	21.04	25.51	30.79	32.44	47.21	76.17	78.90	85.85	91.14	96.05
Dividend Payout %	17%	16%	17%	9%	16%	15%	21%	20%	20%	21%	22%	23%

Compounded Sales Growth
10 Years:	10%
5 Years:	13%
3 Years:	10%
TTM:	16%

Compounded Profit Growth
10 Years:	18%
5 Years:	17%
3 Years:	9%
TTM:	11%

Stock Price CAGR
10 Years:	22%
5 Years:	42%
3 Years:	28%
1 Year:	38%

Return on Equity
10 Years:	17%
5 Years:	17%
3 Years:	16%
Last Year:	15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	16	16	16	16	31	31	31	31	31	31	32	32
Reserves	335	381	481	543	604	649	838	1,084	1,313	1,587	1,838	2,073
	146	148	106	90	200	118	71	94	93	100	114	141
	239	241	262	296	307	264	387	446	378	453	479	562
Total Liabilities	735	786	864	944	1,143	1,063	1,326	1,656	1,816	2,172	2,462	2,809
	274	330	358	369	477	530	503	462	444	506	733	973
CWIP	31	7	3	26	36	8	4	14	28	32	12	10
Investments	37	39	79	67	66	46	96	137	166	245	237	233
	394	410	424	482	564	479	724	1,043	1,177	1,388	1,480	1,593
Total Assets	735	786	864	944	1,143	1,063	1,326	1,656	1,816	2,172	2,462	2,809

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	88	108	138	118	98	205	216	199	300	346	296	339
	-81	-80	-73	-84	-179	-61	-126	-181	-291	-305	-285	-285
	-7	-30	-57	-39	83	-150	-34	-15	-58	-43	-9	-51
Net Cash Flow	1	-2	8	-4	2	-6	56	3	-48	-2	2	3
Free Cash Flow	8	32	63	32	-83	139	179	152	228	220	21	-0
CFO/OP	83%	98%	105%	87%	73%	127%	100%	74%	105%	114%	97%	94%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	44	47	49	50	48	40	55	50	44	46	45	47
Inventory Days	163	163	157	149	149	152	152	167	144	132	139	143
Days Payable	128	134	143	154	124	125	124	101	72	86	89	94
Cash Conversion Cycle	79	76	63	45	73	66	83	117	116	92	94	96
Working Capital Days	28	31	42	34	31	46	35	43	42	34	35	33
ROCE %	20%	17%	18%	21%	19%	14%	22%	29%	24%	23%	20%	20%

Insights

In beta

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Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

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Mar 2024

Mar 2025

Fixed Asset Turnover Ratio
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Market Share in Domestic Two-Wheeler (2W) Chains
%

Revenue Mix: Aftermarket Share
%

Total Employees (Workforce)
Number

Total Manufacturing Facilities
Number

Number of Dealers and Distributors
Number

Revenue Mix: Two-Wheeler Industry Exposure
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	33.85%	33.74%	33.74%	33.74%	33.76%	34.80%	34.80%	34.80%	34.80%	34.82%	34.82%	34.83%
	8.77%	8.14%	7.81%	7.62%	7.46%	6.45%	6.05%	5.92%	5.96%	5.85%	6.99%	6.61%
	12.73%	13.78%	13.90%	13.98%	14.31%	14.43%	13.94%	13.87%	13.74%	13.47%	12.88%	13.35%
	44.64%	44.33%	44.52%	44.64%	44.46%	44.33%	45.20%	45.40%	45.49%	45.86%	45.30%	45.21%
No. of Shareholders	34,046	35,865	33,711	34,062	34,795	37,430	38,613	37,752	38,538	39,126	38,549	37,259

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	47.53%	47.88%	47.97%	47.38%	43.36%	34.32%	34.21%	33.74%	34.80%	34.83%
	2.15%	0.55%	0.56%	0.48%	2.36%	7.72%	9.17%	7.62%	5.92%	6.61%
	12.62%	15.91%	16.78%	17.87%	14.86%	11.80%	11.73%	13.98%	13.87%	13.35%
	37.70%	35.66%	34.69%	34.27%	39.42%	46.16%	44.87%	44.64%	45.40%	45.21%
No. of Shareholders	17,047	15,142	19,883	21,208	25,327	43,603	36,279	34,062	37,752	37,259

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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L G Balakrishnan & Bros Ltd

L G Balakrishnan & Bros Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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