L G Balakrishnan & Bros Ltd

L G Balakrishnan & Bros Ltd

₹ 1,271 0.67%
28 Mar - close price
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 3,990 Cr.
  • Current Price 1,271
  • High / Low 1,425 / 737
  • Stock P/E 15.9
  • Book Value 468
  • Dividend Yield 1.26 %
  • ROCE 24.2 %
  • ROE 19.0 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 22.6% CAGR over last 5 years

Cons

  • The company has delivered a poor sales growth of 9.22% 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

Consolidated Figures in Rs. Crores / View Standalone

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
498 499 393 577 574 559 521 578 581 523 539 600 600
407 410 331 470 458 454 436 476 474 434 451 496 494
Operating Profit 91 89 61 107 116 105 85 102 107 89 88 104 107
OPM % 18% 18% 16% 18% 20% 19% 16% 18% 18% 17% 16% 17% 18%
2 12 4 20 3 8 13 6 7 16 7 17 12
Interest 2 2 2 2 3 3 1 1 2 2 2 2 2
Depreciation 21 21 20 21 21 21 20 20 20 20 18 18 20
Profit before tax 70 78 43 104 95 90 77 87 93 83 74 101 97
Tax % 23% 25% 23% 25% 25% 29% 24% 23% 22% 34% 25% 25% 25%
54 58 33 78 71 64 58 67 72 55 55 75 73
EPS in Rs 17.11 18.47 10.50 24.82 22.64 20.24 18.57 21.37 22.98 17.33 17.66 24.05 23.11
Raw PDF
Upcoming result date: 29 April 2024

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
898 939 1,085 1,151 1,175 1,258 1,418 1,688 1,543 1,609 2,102 2,203 2,262
794 850 959 1,009 1,037 1,095 1,222 1,479 1,355 1,355 1,713 1,818 1,875
Operating Profit 104 89 126 142 138 162 196 209 187 254 389 385 387
OPM % 12% 10% 12% 12% 12% 13% 14% 12% 12% 16% 19% 17% 17%
2 4 5 9 4 10 5 15 22 21 35 43 52
Interest 18 23 18 18 18 16 12 13 16 11 9 8 8
Depreciation 29 30 33 39 46 53 58 68 79 83 83 79 77
Profit before tax 59 40 80 94 78 103 131 143 115 180 332 340 355
Tax % 25% 19% 19% 22% 17% 28% 33% 32% 22% 26% 26% 26%
44 33 66 74 66 75 89 100 91 133 246 252 258
EPS in Rs 14.09 10.42 20.01 22.68 20.22 22.61 27.41 31.72 29.19 42.51 78.20 80.25 82.15
Dividend Payout % 20% 18% 15% 15% 15% 15% 8% 16% 17% 24% 19% 0%
Compounded Sales Growth
10 Years: 9%
5 Years: 9%
3 Years: 13%
TTM: 1%
Compounded Profit Growth
10 Years: 23%
5 Years: 23%
3 Years: 46%
TTM: 1%
Stock Price CAGR
10 Years: 28%
5 Years: 27%
3 Years: 61%
1 Year: 71%
Return on Equity
10 Years: 17%
5 Years: 17%
3 Years: 19%
Last Year: 19%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 225 251 300 349 401 505 570 635 675 848 1,101 1,334 1,439
138 168 150 177 178 134 108 218 133 84 104 104 71
184 196 231 264 266 292 321 338 292 415 476 403 531
Total Liabilities 554 622 689 806 860 947 1,015 1,221 1,132 1,378 1,713 1,873 2,072
197 228 255 316 381 407 424 532 585 552 508 487 468
CWIP 3 3 9 37 10 14 27 37 9 6 15 32 72
Investments 14 19 17 18 19 60 54 55 20 63 104 134 155
341 372 408 436 451 466 510 597 518 757 1,086 1,221 1,378
Total Assets 554 622 689 806 860 947 1,015 1,221 1,132 1,378 1,713 1,873 2,072

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
38 70 96 119 117 150 128 102 203 211 202 167
-30 -63 -60 -114 -87 -78 -87 -180 -55 -121 -182 -157
-7 -3 -39 -4 -33 -60 -50 81 -154 -33 -19 -58
Net Cash Flow 1 5 -4 1 -2 11 -9 2 -5 57 2 -48

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 44 48 49 46 47 51 50 48 41 56 51 45
Inventory Days 151 140 139 153 155 150 143 145 150 149 168 142
Days Payable 88 85 98 122 127 139 147 122 128 128 106 75
Cash Conversion Cycle 108 103 90 78 75 62 46 71 63 76 113 113
Working Capital Days 54 55 48 47 45 42 35 48 48 45 56 56
ROCE % 22% 15% 21% 21% 16% 18% 21% 18% 13% 20% 29% 24%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
43.36% 41.98% 40.05% 34.32% 34.32% 34.32% 33.99% 33.99% 34.21% 33.85% 33.74% 33.74%
2.36% 3.32% 5.00% 6.78% 7.72% 8.03% 8.96% 9.46% 9.17% 8.77% 8.14% 7.81%
14.86% 13.63% 12.86% 12.48% 11.80% 11.82% 11.73% 11.73% 11.73% 12.73% 13.78% 13.90%
39.42% 41.07% 42.10% 46.42% 46.16% 45.83% 45.28% 44.81% 44.87% 44.64% 44.33% 44.52%
No. of Shareholders 25,32733,58635,61345,16643,60342,67343,04041,01136,27934,04635,86533,711

* 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.

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