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 ₹ 2,277 Cr.
- Current Price ₹ 725
- High / Low ₹ 738 / 399
- Stock P/E 9.21
- Book Value ₹ 361
- Dividend Yield 2.07 %
- ROCE 29.0 %
- ROE 22.7 %
- Face Value ₹ 10.0


Pros
- Company is almost debt free.
- Company has delivered good profit growth of 26.7% CAGR over last 5 years
Cons
- The company has delivered a poor sales growth of 10.8% over past five years.
- Promoter holding is low: 34.3%
- Promoter holding has decreased over last 3 years: -13.7%
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
704 | 898 | 939 | 1,085 | 1,151 | 1,175 | 1,258 | 1,418 | 1,688 | 1,543 | 1,609 | 2,102 | 2,230 | |
616 | 794 | 850 | 959 | 1,009 | 1,037 | 1,095 | 1,222 | 1,479 | 1,355 | 1,355 | 1,713 | 1,818 | |
Operating Profit | 87 | 104 | 89 | 126 | 142 | 138 | 162 | 196 | 209 | 187 | 254 | 389 | 412 |
OPM % | 12% | 12% | 10% | 12% | 12% | 12% | 13% | 14% | 12% | 12% | 16% | 19% | 18% |
2 | 2 | 4 | 5 | 9 | 4 | 10 | 5 | 15 | 22 | 21 | 35 | 44 | |
Interest | 15 | 18 | 23 | 18 | 18 | 18 | 16 | 12 | 13 | 16 | 11 | 9 | 8 |
Depreciation | 26 | 29 | 30 | 33 | 39 | 46 | 53 | 58 | 68 | 79 | 83 | 83 | 82 |
Profit before tax | 48 | 59 | 40 | 80 | 94 | 78 | 103 | 131 | 143 | 115 | 180 | 332 | 366 |
Tax % | 4% | 25% | 19% | 19% | 22% | 17% | 28% | 33% | 32% | 22% | 26% | 26% | |
Net Profit | 46 | 44 | 33 | 63 | 71 | 64 | 71 | 86 | 100 | 92 | 133 | 245 | 271 |
EPS in Rs | 14.74 | 14.09 | 10.42 | 20.01 | 22.68 | 20.22 | 22.61 | 27.41 | 31.72 | 29.19 | 42.51 | 78.20 | 86.27 |
Dividend Payout % | 17% | 20% | 18% | 15% | 15% | 15% | 15% | 8% | 16% | 17% | 24% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 9% |
5 Years: | 11% |
3 Years: | 8% |
TTM: | 23% |
Compounded Profit Growth | |
---|---|
10 Years: | 18% |
5 Years: | 27% |
3 Years: | 36% |
TTM: | 52% |
Stock Price CAGR | |
---|---|
10 Years: | 28% |
5 Years: | 15% |
3 Years: | 31% |
1 Year: | 57% |
Return on Equity | |
---|---|
10 Years: | 17% |
5 Years: | 17% |
3 Years: | 17% |
Last Year: | 23% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
8 | 8 | 8 | 8 | 16 | 16 | 16 | 16 | 31 | 31 | 31 | 31 | |
Reserves | 189 | 225 | 251 | 300 | 349 | 401 | 505 | 570 | 635 | 675 | 848 | 1,101 |
118 | 138 | 168 | 150 | 177 | 178 | 134 | 108 | 218 | 133 | 84 | 100 | |
165 | 184 | 196 | 231 | 264 | 266 | 292 | 321 | 338 | 292 | 415 | 476 | |
Total Liabilities | 480 | 554 | 622 | 689 | 806 | 860 | 947 | 1,015 | 1,221 | 1,132 | 1,378 | 1,709 |
191 | 197 | 228 | 255 | 316 | 381 | 407 | 424 | 532 | 585 | 552 | 508 | |
CWIP | 4 | 3 | 3 | 9 | 37 | 10 | 14 | 27 | 37 | 9 | 6 | 15 |
Investments | 14 | 14 | 19 | 17 | 18 | 19 | 60 | 54 | 55 | 20 | 63 | 104 |
271 | 341 | 372 | 408 | 436 | 451 | 466 | 510 | 597 | 518 | 757 | 1,082 | |
Total Assets | 480 | 554 | 622 | 689 | 806 | 860 | 947 | 1,015 | 1,221 | 1,132 | 1,378 | 1,709 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
82 | 38 | 70 | 96 | 119 | 117 | 150 | 128 | 102 | 203 | 211 | 202 | |
-72 | -30 | -63 | -60 | -114 | -87 | -78 | -87 | -180 | -55 | -121 | -182 | |
-11 | -7 | -3 | -39 | -4 | -33 | -60 | -50 | 81 | -154 | -33 | -23 | |
Net Cash Flow | -0 | 1 | 5 | -4 | 1 | -2 | 11 | -9 | 2 | -5 | 57 | -2 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 44 | 44 | 48 | 49 | 46 | 47 | 51 | 50 | 48 | 41 | 56 | 51 |
Inventory Days | 159 | 151 | 140 | 139 | 153 | 155 | 150 | 143 | 145 | 150 | 149 | 168 |
Days Payable | 109 | 88 | 85 | 98 | 122 | 127 | 139 | 147 | 122 | 128 | 128 | 106 |
Cash Conversion Cycle | 94 | 108 | 103 | 90 | 78 | 75 | 62 | 46 | 71 | 63 | 76 | 113 |
Working Capital Days | 42 | 54 | 55 | 48 | 47 | 45 | 42 | 35 | 48 | 48 | 45 | 56 |
ROCE % | 22% | 22% | 15% | 21% | 21% | 17% | 19% | 21% | 18% | 13% | 20% | 29% |
Documents
Announcements
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 2d
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 12 Aug
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 12 Aug
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Announcement under Regulation 30 (LODR)-Newspaper Publication
6 Aug - Copies of newspaper advertisements published in the columns of English daily "Financial Express (all India edition) on August 6, 2022 and Tamil Daily "Maalai Malar" …
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Announcement under Regulation 30 (LODR)-Newspaper Publication
1 Aug - The Audited Financial Results of the Company for the Quarter ended June 30, 2022 were published in Financial Express and Maalai Malar on July 31, …
Annual reports
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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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Financial Year 2011
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Financial Year 2010
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Financial Year 2010
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Product Portfolio
The company manufacturing is divided in 2 business segments. Its transmission products include chains, sprockets, tensioners, belts and brake shoe. It also offers metal forming products consisting of fine blanking for precision sheet metal parts, machined components and wire drawing products.[1]