LGB Forge Ltd

LGB Forge Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

LGB Forge Ltd

₹ 13.5 0.90%
22 May - close price
lgbforge.co.in BSE: 533007
About

Incorporated in 2006, LGB Forge Ltd manufactures Forged and Machined Components[1]

Key Points

Business Overview:[1]
LGBFL is a part of the Coimbatore-based LGB Group which holds 73.82% stake in the company. It manufactures forged (hot, warm and cold forgings) and machined components. Company is a tier-II ancillary supplier to tier-I auto component suppliers in domestic and export markets, including segments of PV, LCV and tractor

Website BSE
  • Market Cap ₹ 322 Cr.
  • Current Price ₹ 13.5
  • High / Low ₹ 21.8 / 8.80
  • Stock P/E
  • Book Value ₹ 0.77
  • Dividend Yield 0.00 %
  • ROCE -1.84 %
  • ROE -17.5 %
  • Face Value ₹ 1.00
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Pros

  • Company's working capital requirements have reduced from 130 days to 101 days

Cons

  • Stock is trading at 17.6 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -1.45% over past five years.
  • Company has a low return on equity of -28.5% over last 3 years.
  • Earnings include an other income of Rs.2.87 Cr.

* 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

Sector: Castings, Forgings & Fastners Industry: Castings & Forgings

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Quarterly Results

Figures in Rs. Crores

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
32.17 28.03 29.80 26.00 26.64 22.71 28.78 22.99 19.81 22.53 23.38 24.20 23.93
30.60 27.07 31.34 28.96 25.69 23.20 28.66 22.50 21.00 22.94 23.04 23.64 23.10
Operating Profit 1.57 0.96 -1.54 -2.96 0.95 -0.49 0.12 0.49 -1.19 -0.41 0.34 0.56 0.83
OPM % 4.88% 3.42% -5.17% -11.38% 3.57% -2.16% 0.42% 2.13% -6.01% -1.82% 1.45% 2.31% 3.47%
0.08 0.15 0.55 0.28 -1.26 -0.78 0.27 -1.18 -0.72 2.23 0.02 0.30 0.32
Interest 0.29 0.48 0.51 0.51 0.65 0.70 0.99 0.86 0.64 0.67 0.55 0.59 0.70
Depreciation 1.11 1.38 1.00 1.19 0.70 0.71 1.13 0.68 0.67 0.67 0.69 0.70 0.85
Profit before tax 0.25 -0.75 -2.50 -4.38 -1.66 -2.68 -1.73 -2.23 -3.22 0.48 -0.88 -0.43 -0.40
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.25 -0.75 -2.51 -4.38 -1.66 -2.68 -1.74 -2.23 -3.22 0.48 -0.88 -0.43 -0.40
EPS in Rs 0.01 -0.03 -0.11 -0.18 -0.07 -0.11 -0.07 -0.09 -0.14 0.02 -0.04 -0.02 -0.02
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
86.54 80.16 88.30 82.85 99.69 131.64 101.14 92.13 130.06 91.53 89.38 94.04
79.89 76.13 86.07 84.02 98.09 122.85 95.36 82.67 120.24 95.90 89.30 92.72
Operating Profit 6.65 4.03 2.23 -1.17 1.60 8.79 5.78 9.46 9.82 -4.37 0.08 1.32
OPM % 7.68% 5.03% 2.53% -1.41% 1.60% 6.68% 5.71% 10.27% 7.55% -4.77% 0.09% 1.40%
10.77 4.34 2.99 4.25 0.40 1.45 0.82 0.74 0.65 0.75 -3.64 2.87
Interest 6.34 4.60 4.06 2.96 3.16 4.98 2.82 2.13 2.49 2.68 3.54 2.50
Depreciation 8.01 3.90 3.50 2.28 2.02 3.20 4.42 4.64 4.53 3.01 2.77 2.91
Profit before tax 3.07 -0.13 -2.34 -2.16 -3.18 2.06 -0.64 3.43 3.45 -9.31 -9.87 -1.22
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
3.07 -0.14 -2.34 -2.17 -3.18 2.06 -0.64 3.43 3.44 -9.30 -9.87 -1.22
EPS in Rs 0.13 -0.01 -0.10 -0.09 -0.13 0.09 -0.03 0.14 0.14 -0.39 -0.41 -0.05
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 2%
5 Years: -1%
3 Years: -10%
TTM: 5%
Compounded Profit Growth
10 Years: 0%
5 Years: %
3 Years: %
TTM: 66%
Stock Price CAGR
10 Years: 10%
5 Years: 49%
3 Years: 7%
1 Year: 35%
Return on Equity
10 Years: -13%
5 Years: -11%
3 Years: -29%
Last Year: -18%

Balance Sheet

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 15.00 15.00 15.00 15.00 15.00 23.82 23.82 23.82 23.82 23.82 23.82 23.82
Reserves -2.26 -3.55 -5.89 -8.24 -11.61 8.03 8.03 11.91 15.51 6.35 -3.65 -5.53
35.75 31.76 22.86 17.90 16.54 10.94 14.76 13.10 13.32 27.04 29.74 26.51
15.40 21.38 23.58 21.51 26.73 39.44 24.47 31.54 32.26 27.99 29.06 17.72
Total Liabilities 63.89 64.59 55.55 46.17 46.66 82.23 71.08 80.37 84.91 85.20 78.97 62.52
19.42 14.72 11.65 8.76 12.48 24.95 27.12 24.18 20.14 17.61 12.08 17.38
CWIP 0.00 0.00 0.00 0.00 0.38 0.07 0.14 0.50 0.10 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
44.47 49.87 43.90 37.41 33.80 57.21 43.82 55.69 64.67 67.59 66.89 45.14
Total Assets 63.89 64.59 55.55 46.17 46.66 82.23 71.08 80.37 84.91 85.20 78.97 62.52

Cash Flows

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
17.56 5.45 2.32 3.78 10.77 -0.41 5.34 3.95 2.25 -9.07 3.50 15.60
5.22 2.80 1.78 4.45 -5.97 -15.41 -3.08 -1.86 -0.23 -2.11 -2.14 -2.90
-22.79 -8.20 -4.16 -8.23 -4.80 15.85 -2.20 -2.19 -2.03 11.17 -1.36 -12.70
Net Cash Flow -0.01 0.06 -0.05 -0.01 0.00 0.03 0.06 -0.10 0.00 0.00 0.00 0.00

Ratios

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 100.97 144.34 112.68 68.64 66.12 70.70 77.48 134.70 97.89 136.30 127.57 97.03
Inventory Days 149.68 154.97 123.87 171.58 88.29 137.17 139.84 164.61 144.84 235.38 249.27 143.92
Days Payable 97.04 166.15 151.33 141.24 134.79 182.58 150.30 231.38 146.86 172.54 192.56 78.00
Cash Conversion Cycle 153.61 133.16 85.22 98.97 19.63 25.29 67.02 67.93 95.87 199.14 184.29 162.95
Working Capital Days 74.11 79.05 73.66 58.37 16.11 40.07 57.45 90.33 86.55 152.21 135.62 101.38
ROCE % 0.96% 3.01% -1.12% -10.98% -0.54% 22.42% 4.81% 11.34% 11.59% -11.25% -3.94% -1.84%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
73.82% 73.83% 73.83% 73.83% 73.82% 73.79% 73.79% 73.79% 73.79% 73.79% 73.79% 73.79%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.00% 0.00% 0.00%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
26.17% 26.17% 26.16% 26.16% 26.17% 26.21% 26.20% 26.19% 26.18% 26.19% 26.20% 26.19%
No. of Shareholders 33,55133,25432,48331,93831,57531,40934,08336,60941,32939,91639,72439,493

* 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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