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

₹ 1,230 -0.48%
24 Jun - 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 ₹ 3,922 Cr.
  • Current Price ₹ 1,230
  • High / Low ₹ 1,575 / 1,080
  • Stock P/E 13.8
  • Book Value ₹ 597
  • Dividend Yield 1.46 %
  • ROCE 19.9 %
  • ROE 16.1 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 20.6%

Cons

  • The company has delivered a poor sales growth of 10.8% 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

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

Part of BSE SmallCap BSE Allcap BSE Consumer Discretionary

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
559 521 578 581 523 539 600 600 607 571 661 677 669
454 436 476 474 434 452 496 494 506 482 551 563 567
Operating Profit 105 85 102 107 89 87 104 107 101 89 110 114 102
OPM % 19% 16% 18% 18% 17% 16% 17% 18% 17% 16% 17% 17% 15%
8 13 6 7 16 7 17 12 16 21 17 12 28
Interest 3 1 1 2 2 2 2 2 3 2 2 2 3
Depreciation 21 20 20 20 20 18 18 20 21 21 22 24 25
Profit before tax 90 77 87 93 83 74 101 97 93 87 103 99 102
Tax % 29% 24% 23% 22% 34% 25% 25% 25% 27% 25% 25% 24% 18%
64 58 67 72 55 55 75 73 68 65 78 75 84
EPS in Rs 20.24 18.57 21.37 22.98 17.33 17.66 24.05 23.11 21.62 20.78 24.31 23.61 26.35
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
1,085 1,151 1,175 1,258 1,418 1,688 1,543 1,609 2,102 2,203 2,346 2,578
959 1,009 1,037 1,095 1,222 1,479 1,355 1,355 1,713 1,822 1,951 2,163
Operating Profit 126 142 138 162 196 209 187 254 389 381 395 415
OPM % 12% 12% 12% 13% 14% 12% 12% 16% 19% 17% 17% 16%
5 9 4 10 5 15 22 21 35 46 56 78
Interest 18 18 18 16 12 13 16 11 9 8 9 10
Depreciation 33 39 46 53 58 68 79 83 83 79 78 92
Profit before tax 80 94 78 103 131 143 115 180 332 340 365 391
Tax % 19% 22% 17% 28% 33% 32% 22% 26% 26% 26% 26% 23%
66 74 66 75 89 100 91 133 246 252 271 302
EPS in Rs 20.01 22.68 20.22 22.61 27.41 31.72 29.19 42.51 78.20 80.25 86.43 94.73
Dividend Payout % 15% 15% 15% 15% 8% 16% 17% 24% 19% 20% 21% 21%
Compounded Sales Growth
10 Years: 8%
5 Years: 11%
3 Years: 7%
TTM: 10%
Compounded Profit Growth
10 Years: 16%
5 Years: 30%
3 Years: 8%
TTM: 7%
Stock Price CAGR
10 Years: 17%
5 Years: 40%
3 Years: 29%
1 Year: -3%
Return on Equity
10 Years: 17%
5 Years: 18%
3 Years: 17%
Last Year: 16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 300 349 401 505 570 635 675 848 1,101 1,334 1,610 1,873
150 177 178 134 108 218 133 84 104 104 115 145
231 264 266 292 321 338 292 415 476 403 480 521
Total Liabilities 689 806 860 947 1,015 1,221 1,132 1,378 1,713 1,873 2,237 2,570
255 316 381 407 424 532 585 552 508 487 573 812
CWIP 9 37 10 14 27 37 9 6 15 32 47 22
Investments 17 18 19 60 54 55 20 63 104 134 176 153
408 436 451 466 510 597 518 757 1,086 1,221 1,441 1,582
Total Assets 689 806 860 947 1,015 1,221 1,132 1,378 1,713 1,873 2,237 2,570

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
96 119 117 150 128 102 203 211 202 304 343 288
-60 -114 -87 -78 -87 -180 -55 -121 -182 -295 -299 -311
-39 -4 -33 -60 -50 81 -154 -33 -19 -58 -40 18
Net Cash Flow -4 1 -2 11 -9 2 -5 57 2 -48 3 -4

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 49 46 47 51 50 48 41 56 51 45 47 45
Inventory Days 139 153 155 150 143 145 150 149 168 142 133 140
Days Payable 98 122 127 139 147 122 128 128 106 75 88 92
Cash Conversion Cycle 90 78 75 62 46 71 63 76 113 113 92 93
Working Capital Days 48 47 45 42 35 48 48 45 56 56 48 50
ROCE % 21% 21% 16% 18% 21% 18% 13% 20% 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.

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Documents

Announcements

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Credit ratings

Concalls

  • Nov 2024
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  • Jun 2023
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