L G Balakrishnan & Bros Ltd

L G Balakrishnan Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

L G Balakrishnan & Bros Ltd

₹ 1,337 1.43%
21 May - close price
lgb.co.in BSE: 500250 NSE: LGBBROSLTD
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 Q2 FY25
1) Transmission (79%): [1] The company offers chains, sprockets, tensioners, belts and brake shoes.

Website BSE NSE
  • Market Cap ₹ 4,264 Cr.
  • Current Price ₹ 1,337
  • High / Low ₹ 1,575 / 1,080
  • Stock P/E 15.6
  • Book Value ₹ 586
  • Dividend Yield 1.35 %
  • ROCE 20.3 %
  • ROE 15.7 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 21.0%

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

Part of BSE SmallCap BSE Allcap BSE Consumer Discretionary

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
540 487 545 551 503 509 573 570 579 538 624 623 606
438 407 447 447 413 423 472 468 481 449 516 514 506
Operating Profit 102 80 98 104 90 85 101 102 98 89 108 109 100
OPM % 19% 16% 18% 19% 18% 17% 18% 18% 17% 17% 17% 18% 16%
8 13 6 7 16 7 18 14 16 21 17 12 27
Interest 3 1 1 2 2 2 2 2 3 2 2 2 2
Depreciation 19 18 18 18 19 17 17 18 20 20 20 22 23
Profit before tax 88 74 85 92 85 74 101 96 92 89 103 97 101
Tax % 30% 25% 24% 23% 33% 25% 25% 25% 27% 25% 24% 25% 28%
62 55 65 71 57 55 76 72 67 67 78 73 73
EPS in Rs 19.73 17.61 20.66 22.58 18.06 17.57 24.12 22.84 21.32 21.43 24.37 22.92 22.75
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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% 22%
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: 18%
5 Years: 47%
3 Years: 33%
1 Year: 4%
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%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
34.32% 33.99% 33.99% 34.21% 33.85% 33.74% 33.74% 33.74% 33.76% 34.80% 34.80% 34.80%
8.03% 8.96% 9.46% 9.17% 8.77% 8.14% 7.81% 7.62% 7.46% 6.45% 6.05% 5.92%
11.82% 11.73% 11.73% 11.73% 12.73% 13.78% 13.90% 13.98% 14.31% 14.43% 13.94% 13.87%
45.83% 45.28% 44.81% 44.87% 44.64% 44.33% 44.52% 44.64% 44.46% 44.33% 45.20% 45.40%
No. of Shareholders 42,67343,04041,01136,27934,04635,86533,71134,06234,79537,43038,61337,752

* 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.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

Credit ratings

Concalls

  • Nov 2024
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  • Jun 2023
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