L G Balakrishnan & Bros Ltd
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]
- Market Cap ₹ 3,806 Cr.
- Current Price ₹ 1,194
- High / Low ₹ 1,575 / 1,080
- Stock P/E 13.9
- Book Value ₹ 586
- Dividend Yield 1.51 %
- ROCE 20.3 %
- ROE 15.7 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
Cons
- The company has delivered a poor sales growth of 10.6% over past five years.
- 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
Sector: Auto Ancillaries Industry: Auto Ancillaries
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
969 | 1,027 | 1,064 | 1,146 | 1,315 | 1,582 | 1,444 | 1,531 | 2,008 | 2,086 | 2,231 | 2,391 | |
857 | 897 | 938 | 997 | 1,131 | 1,379 | 1,257 | 1,269 | 1,629 | 1,716 | 1,844 | 1,985 | |
Operating Profit | 112 | 130 | 126 | 150 | 184 | 204 | 187 | 262 | 379 | 370 | 387 | 406 |
OPM % | 12% | 13% | 12% | 13% | 14% | 13% | 13% | 17% | 19% | 18% | 17% | 17% |
5 | 9 | 4 | 6 | 4 | 15 | 29 | 21 | 32 | 46 | 56 | 78 | |
Interest | 17 | 16 | 16 | 14 | 11 | 12 | 15 | 10 | 9 | 7 | 8 | 8 |
Depreciation | 31 | 37 | 43 | 49 | 54 | 64 | 74 | 77 | 77 | 74 | 73 | 85 |
Profit before tax | 69 | 85 | 70 | 92 | 123 | 143 | 127 | 195 | 325 | 335 | 363 | 391 |
Tax % | 21% | 24% | 18% | 28% | 35% | 32% | 20% | 24% | 26% | 26% | 26% | 26% |
54 | 64 | 57 | 66 | 80 | 97 | 102 | 148 | 239 | 248 | 270 | 291 | |
EPS in Rs | 17.31 | 20.51 | 18.30 | 21.04 | 25.51 | 30.79 | 32.44 | 47.21 | 76.17 | 78.90 | 85.85 | 91.14 |
Dividend Payout % | 17% | 17% | 16% | 17% | 9% | 16% | 15% | 21% | 20% | 20% | 21% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 9% |
5 Years: | 11% |
3 Years: | 6% |
TTM: | 7% |
Compounded Profit Growth | |
---|---|
10 Years: | 17% |
5 Years: | 27% |
3 Years: | 7% |
TTM: | 3% |
Stock Price CAGR | |
---|---|
10 Years: | 17% |
5 Years: | 44% |
3 Years: | 25% |
1 Year: | -7% |
Return on Equity | |
---|---|
10 Years: | 17% |
5 Years: | 18% |
3 Years: | 17% |
Last Year: | 16% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
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 | 8 | 16 | 16 | 16 | 16 | 31 | 31 | 31 | 31 | 31 | 31 | 32 |
Reserves | 293 | 335 | 381 | 481 | 543 | 604 | 649 | 838 | 1,084 | 1,313 | 1,587 | 1,838 |
123 | 146 | 148 | 106 | 90 | 200 | 118 | 71 | 94 | 93 | 100 | 114 | |
208 | 239 | 241 | 262 | 296 | 307 | 264 | 387 | 446 | 378 | 453 | 479 | |
Total Liabilities | 632 | 735 | 786 | 864 | 944 | 1,143 | 1,063 | 1,326 | 1,656 | 1,816 | 2,172 | 2,462 |
221 | 274 | 330 | 358 | 369 | 477 | 530 | 503 | 462 | 444 | 506 | 733 | |
CWIP | 9 | 31 | 7 | 3 | 26 | 36 | 8 | 4 | 14 | 28 | 32 | 12 |
Investments | 36 | 37 | 39 | 79 | 67 | 66 | 46 | 96 | 137 | 166 | 245 | 237 |
367 | 394 | 410 | 424 | 482 | 564 | 479 | 724 | 1,043 | 1,177 | 1,388 | 1,480 | |
Total Assets | 632 | 735 | 786 | 864 | 944 | 1,143 | 1,063 | 1,326 | 1,656 | 1,816 | 2,172 | 2,462 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
100 | 88 | 108 | 138 | 118 | 98 | 205 | 216 | 199 | 300 | 346 | 296 | |
-51 | -81 | -80 | -73 | -84 | -179 | -61 | -126 | -181 | -291 | -305 | -285 | |
-49 | -7 | -30 | -57 | -39 | 83 | -150 | -34 | -15 | -58 | -43 | -9 | |
Net Cash Flow | -0 | 1 | -2 | 8 | -4 | 2 | -6 | 56 | 3 | -48 | -2 | 2 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
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 | 47 | 44 | 47 | 49 | 50 | 48 | 40 | 55 | 50 | 44 | 46 | 45 |
Inventory Days | 147 | 163 | 163 | 157 | 149 | 149 | 152 | 152 | 167 | 144 | 132 | 139 |
Days Payable | 103 | 128 | 134 | 143 | 154 | 124 | 125 | 124 | 101 | 72 | 86 | 89 |
Cash Conversion Cycle | 91 | 79 | 76 | 63 | 45 | 73 | 66 | 83 | 117 | 116 | 92 | 94 |
Working Capital Days | 46 | 45 | 42 | 42 | 36 | 49 | 49 | 46 | 56 | 56 | 47 | 48 |
ROCE % | 20% | 20% | 17% | 18% | 21% | 19% | 14% | 22% | 29% | 24% | 23% | 20% |
Documents
Announcements
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Submission Of Half Yearly Disclosure On Related Party Transactions
16h - Half-yearly related party transactions disclosure for L.G.Balakrishnan & Bros ended March 31, 2025.
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Record Date
17h - FY25 audited results with Rs.20/share dividend recommended; auditor appointments and AGM date fixed.
- AGM And Book Closure Intimation 17h
- Book Closure Period Announcement 17h
- Audited Financials 31.03.2025 18h
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Product Segments Q2 FY25
1) Transmission (79%): [1] The company offers chains, sprockets, tensioners, belts and brake shoes.