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

₹ 1,308 -0.55%
24 Apr - 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

Business Segments

Website BSE NSE
  • Market Cap ₹ 4,110 Cr.
  • Current Price ₹ 1,308
  • High / Low ₹ 1,425 / 772
  • Stock P/E 16.3
  • Book Value ₹ 462
  • Dividend Yield 1.22 %
  • ROCE 24.3 %
  • ROE 18.9 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 24.0% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 20.4%

Cons

  • The company has delivered a poor sales growth of 9.66% over past five years.
  • Promoter holding is low: 33.7%
  • Promoter holding has decreased over last 3 years: -9.62%

* 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
471 479 368 552 549 540 487 545 551 503 509 573 570
381 393 309 447 436 438 407 447 447 413 423 471 466
Operating Profit 90 86 59 105 113 102 80 98 104 90 86 102 104
OPM % 19% 18% 16% 19% 21% 19% 16% 18% 19% 18% 17% 18% 18%
2 12 2 20 3 8 13 6 7 16 7 17 12
Interest 2 2 1 1 2 3 1 1 2 2 2 2 2
Depreciation 20 19 19 20 20 19 18 18 18 19 17 17 18
Profit before tax 70 77 40 104 93 88 74 85 92 85 74 101 96
Tax % 23% 26% 25% 25% 25% 30% 25% 24% 23% 33% 25% 25% 25%
54 57 30 78 70 62 55 65 71 57 55 76 72
EPS in Rs 17.23 18.22 9.54 24.72 22.18 19.73 17.61 20.66 22.58 18.06 17.57 24.12 22.84
Raw PDF
Upcoming result date: 29 April 2024

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
890 920 969 1,027 1,064 1,146 1,315 1,582 1,444 1,531 2,008 2,086 2,155
788 831 857 897 938 997 1,131 1,379 1,257 1,269 1,629 1,712 1,772
Operating Profit 102 90 112 130 126 150 184 204 187 262 379 373 382
OPM % 11% 10% 12% 13% 12% 13% 14% 13% 13% 17% 19% 18% 18%
2 4 5 9 4 6 4 15 29 21 32 43 52
Interest 17 22 17 16 16 14 11 12 15 10 9 7 7
Depreciation 28 29 31 37 43 49 54 64 74 77 77 74 72
Profit before tax 58 42 69 85 70 92 123 143 127 195 325 335 356
Tax % 25% 20% 21% 24% 18% 28% 35% 32% 20% 24% 26% 26%
44 34 54 64 57 66 80 97 102 148 239 248 259
EPS in Rs 13.86 10.73 17.31 20.51 18.30 21.04 25.51 30.79 32.44 47.21 76.17 78.90 82.59
Dividend Payout % 20% 17% 17% 17% 16% 17% 9% 16% 15% 21% 20% 20%
Compounded Sales Growth
10 Years: 9%
5 Years: 10%
3 Years: 13%
TTM: 2%
Compounded Profit Growth
10 Years: 22%
5 Years: 24%
3 Years: 42%
TTM: 5%
Stock Price CAGR
10 Years: 29%
5 Years: 28%
3 Years: 65%
1 Year: 52%
Return on Equity
10 Years: 17%
5 Years: 18%
3 Years: 20%
Last Year: 19%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 8 8 8 16 16 16 16 31 31 31 31 31 31
Reserves 223 250 293 335 381 481 543 604 649 838 1,084 1,313 1,418
137 148 123 146 148 106 90 200 118 71 94 93 69
179 177 208 239 241 262 296 307 264 387 446 378 497
Total Liabilities 547 582 632 735 786 864 944 1,143 1,063 1,326 1,656 1,816 2,015
191 203 221 274 330 358 369 477 530 503 462 444 426
CWIP 3 3 9 31 7 3 26 36 8 4 14 28 67
Investments 17 34 36 37 39 79 67 66 46 96 137 166 187
336 341 367 394 410 424 482 564 479 724 1,043 1,177 1,334
Total Assets 547 582 632 735 786 864 944 1,143 1,063 1,326 1,656 1,816 2,015

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
36 82 100 88 108 138 118 98 205 216 199 163
-29 -56 -51 -81 -80 -73 -84 -179 -61 -126 -181 -154
-6 -26 -49 -7 -30 -57 -39 83 -150 -34 -15 -58
Net Cash Flow 1 0 -0 1 -2 8 -4 2 -6 56 3 -48

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 43 44 47 44 47 49 50 48 40 55 50 44
Inventory Days 150 139 147 163 163 157 149 149 152 152 167 144
Days Payable 85 83 103 128 134 143 154 124 125 124 101 72
Cash Conversion Cycle 109 99 91 79 76 63 45 73 66 83 117 116
Working Capital Days 54 52 46 45 42 42 36 49 49 46 56 56
ROCE % 22% 16% 20% 20% 17% 18% 21% 19% 14% 22% 29% 24%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
41.98% 40.05% 34.32% 34.32% 34.32% 33.99% 33.99% 34.21% 33.85% 33.74% 33.74% 33.74%
3.32% 5.00% 6.78% 7.72% 8.03% 8.96% 9.46% 9.17% 8.77% 8.14% 7.81% 7.62%
13.63% 12.86% 12.48% 11.80% 11.82% 11.73% 11.73% 11.73% 12.73% 13.78% 13.90% 13.98%
41.07% 42.10% 46.42% 46.16% 45.83% 45.28% 44.81% 44.87% 44.64% 44.33% 44.52% 44.64%
No. of Shareholders 33,58635,61345,16643,60342,67343,04041,01136,27934,04635,86533,71134,062

* 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

  • Jun 2023
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