L G Balakrishnan & Bros Ltd

L G Balakrishnan & Bros Ltd

₹ 1,426 -1.61%
19 Jul 4:01 p.m.
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

  • Market Cap 4,490 Cr.
  • Current Price 1,426
  • High / Low 1,527 / 964
  • Stock P/E 16.9
  • Book Value 523
  • Dividend Yield 1.26 %
  • ROCE 22.7 %
  • ROE 17.7 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 23.8% CAGR over last 5 years

Cons

  • The company has delivered a poor sales growth of 6.81% over past five years.
  • Promoter holding is low: 33.8%
  • Promoter holding has decreased over last 3 years: -8.22%

* 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

Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
499 393 577 574 559 521 578 581 523 539 600 600 607
410 331 470 458 454 436 476 474 434 451 496 494 506
Operating Profit 89 61 107 116 105 85 102 107 89 88 104 107 101
OPM % 18% 16% 18% 20% 19% 16% 18% 18% 17% 16% 17% 18% 17%
12 4 20 3 8 13 6 7 16 7 17 12 16
Interest 2 2 2 3 3 1 1 2 2 2 2 2 3
Depreciation 21 20 21 21 21 20 20 20 20 18 18 20 21
Profit before tax 78 43 104 95 90 77 87 93 83 74 101 97 93
Tax % 25% 23% 25% 25% 29% 24% 23% 22% 34% 25% 25% 25% 27%
58 33 78 71 64 58 67 72 55 55 75 73 68
EPS in Rs 18.47 10.50 24.82 22.64 20.24 18.57 21.37 22.98 17.33 17.66 24.05 23.11 21.62
Raw PDF
Upcoming result date: 31 July 2024

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
939 1,085 1,151 1,175 1,258 1,418 1,688 1,543 1,609 2,102 2,203 2,346
850 959 1,009 1,037 1,095 1,222 1,479 1,355 1,355 1,713 1,818 1,952
Operating Profit 89 126 142 138 162 196 209 187 254 389 385 395
OPM % 10% 12% 12% 12% 13% 14% 12% 12% 16% 19% 17% 17%
4 5 9 4 10 5 15 22 21 35 43 56
Interest 23 18 18 18 16 12 13 16 11 9 8 8
Depreciation 30 33 39 46 53 58 68 79 83 83 79 78
Profit before tax 40 80 94 78 103 131 143 115 180 332 340 365
Tax % 19% 19% 22% 17% 28% 33% 32% 22% 26% 26% 26% 26%
33 66 74 66 75 89 100 91 133 246 252 271
EPS in Rs 10.42 20.01 22.68 20.22 22.61 27.41 31.72 29.19 42.51 78.20 80.25 86.43
Dividend Payout % 18% 15% 15% 15% 15% 8% 16% 17% 24% 19% 0% 21%
Compounded Sales Growth
10 Years: 8%
5 Years: 7%
3 Years: 13%
TTM: 6%
Compounded Profit Growth
10 Years: 16%
5 Years: 24%
3 Years: 29%
TTM: 13%
Stock Price CAGR
10 Years: 21%
5 Years: 40%
3 Years: 45%
1 Year: 22%
Return on Equity
10 Years: 17%
5 Years: 18%
3 Years: 19%
Last Year: 18%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 8 8 16 16 16 16 31 31 31 31 31 31
Reserves 251 300 349 401 505 570 635 675 848 1,101 1,334 1,610
168 150 177 178 134 108 218 133 84 104 104 104
196 231 264 266 292 321 338 292 415 476 403 492
Total Liabilities 622 689 806 860 947 1,015 1,221 1,132 1,378 1,713 1,873 2,237
228 255 316 381 407 424 532 585 552 508 487 573
CWIP 3 9 37 10 14 27 37 9 6 15 32 47
Investments 19 17 18 19 60 54 55 20 63 104 134 176
372 408 436 451 466 510 597 518 757 1,086 1,221 1,441
Total Assets 622 689 806 860 947 1,015 1,221 1,132 1,378 1,713 1,873 2,237

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
70 96 119 117 150 128 102 203 211 202 167 343
-63 -60 -114 -87 -78 -87 -180 -55 -121 -182 -157 -299
-3 -39 -4 -33 -60 -50 81 -154 -33 -19 -58 -40
Net Cash Flow 5 -4 1 -2 11 -9 2 -5 57 2 -48 3

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 48 49 46 47 51 50 48 41 56 51 45 47
Inventory Days 140 139 153 155 150 143 145 150 149 168 142 133
Days Payable 85 98 122 127 139 147 122 128 128 106 75 88
Cash Conversion Cycle 103 90 78 75 62 46 71 63 76 113 113 92
Working Capital Days 55 48 47 45 42 35 48 48 45 56 56 48
ROCE % 15% 21% 21% 16% 18% 21% 18% 13% 20% 29% 24% 23%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
40.05% 34.32% 34.32% 34.32% 33.99% 33.99% 34.21% 33.85% 33.74% 33.74% 33.74% 33.76%
5.00% 6.78% 7.72% 8.03% 8.96% 9.46% 9.17% 8.77% 8.14% 7.81% 7.62% 7.46%
12.86% 12.48% 11.80% 11.82% 11.73% 11.73% 11.73% 12.73% 13.78% 13.90% 13.98% 14.31%
42.10% 46.42% 46.16% 45.83% 45.28% 44.81% 44.87% 44.64% 44.33% 44.52% 44.64% 44.46%
No. of Shareholders 35,61345,16643,60342,67343,04041,01136,27934,04635,86533,71134,06234,795

* 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