LGB Forge Ltd

LGB Forge Ltd

₹ 10.5 3.84%
22 Apr 12:48 p.m.
About

Incorporated in 2006, LGB Forge Ltd manufactures Forged and Machined Components[1]

Key Points

Business Overview:[1]
LGBFL is a part of the Coimbatore-based LGB Group which holds 73.82% stake in the company. It manufactures forged (hot, warm and cold forgings) and machined components. Company is a tier-II ancillary supplier to tier-I auto component suppliers in domestic and export markets, including segments of PV, LCV and tractor

  • Market Cap 251 Cr.
  • Current Price 10.5
  • High / Low 14.8 / 7.80
  • Stock P/E
  • Book Value 1.08
  • Dividend Yield 0.00 %
  • ROCE -12.0 %
  • ROE -26.7 %
  • Face Value 1.00

Pros

Cons

  • Stock is trading at 9.56 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 3.12% over past five years.
  • Company has a low return on equity of -2.48% over last 3 years.

* 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.

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Quarterly Results

Figures in Rs. Crores

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
31.25 28.91 26.88 36.34 34.66 32.17 28.03 29.80 26.00 32.39 28.55 28.78 27.95
27.24 26.19 24.99 32.77 32.10 30.60 27.07 31.34 28.96 32.57 29.52 28.66 28.34
Operating Profit 4.01 2.72 1.89 3.57 2.56 1.57 0.96 -1.54 -2.96 -0.18 -0.97 0.12 -0.39
OPM % 12.83% 9.41% 7.03% 9.82% 7.39% 4.88% 3.42% -5.17% -11.38% -0.56% -3.40% 0.42% -1.40%
0.09 0.17 0.34 0.12 0.11 0.08 0.15 0.55 0.28 0.40 0.18 0.27 0.18
Interest 0.46 0.47 0.46 1.01 0.50 0.29 0.48 0.51 0.51 0.66 0.71 0.99 0.90
Depreciation 1.16 1.14 1.13 1.12 1.17 1.11 1.38 1.00 1.19 1.22 1.18 1.13 1.12
Profit before tax 2.48 1.28 0.64 1.56 1.00 0.25 -0.75 -2.50 -4.38 -1.66 -2.68 -1.73 -2.23
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
2.48 1.28 0.64 1.55 1.00 0.25 -0.75 -2.51 -4.38 -1.66 -2.68 -1.74 -2.23
EPS in Rs 0.10 0.05 0.03 0.07 0.04 0.01 -0.03 -0.11 -0.18 -0.07 -0.11 -0.07 -0.09
Raw PDF

Profit & Loss

Figures in Rs. Crores

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
127 108 87 80 88 83 100 132 101 92 130 116 118
114 97 80 76 86 84 98 123 95 83 120 119 119
Operating Profit 13 11 7 4 2 -1 2 9 6 9 10 -3 -1
OPM % 10% 10% 8% 5% 3% -1% 2% 7% 6% 10% 8% -3% -1%
2 2 11 4 3 4 0 1 1 1 1 1 1
Interest 10 8 6 5 4 3 3 5 3 2 2 3 3
Depreciation 10 10 8 4 4 2 2 3 4 5 5 5 5
Profit before tax -5 -4 3 -0 -2 -2 -3 2 -1 3 3 -9 -8
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
-5 -4 3 -0 -2 -2 -3 2 -1 3 3 -9 -8
EPS in Rs -0.22 -0.18 0.13 -0.01 -0.10 -0.09 -0.13 0.09 -0.03 0.14 0.14 -0.39 -0.34
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 1%
5 Years: 3%
3 Years: 5%
TTM: 1%
Compounded Profit Growth
10 Years: -20%
5 Years: %
3 Years: %
TTM: -12%
Stock Price CAGR
10 Years: 18%
5 Years: 22%
3 Years: 39%
1 Year: 20%
Return on Equity
10 Years: -12%
5 Years: -1%
3 Years: -2%
Last Year: -27%

Balance Sheet

Figures in Rs. Crores

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 10 15 15 15 15 15 15 24 24 24 24 24 24
Reserves -10 -5 -2 -4 -6 -8 -12 8 8 12 16 6 2
70 52 36 32 23 18 17 11 15 13 13 27 30
19 18 15 21 24 22 27 39 24 32 32 28 30
Total Liabilities 90 80 64 65 56 46 47 82 71 80 85 85 86
43 32 19 15 12 9 12 25 27 24 20 18 18
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
47 47 44 50 44 37 34 57 44 56 65 68 67
Total Assets 90 80 64 65 56 46 47 82 71 80 85 85 86

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
12 10 18 5 2 4 11 -0 5 4 2 -9
-2 2 5 3 2 4 -6 -15 -3 -2 -0 -2
-10 -12 -23 -8 -4 -8 -5 16 -2 -2 -2 11
Net Cash Flow -0 -0 -0 0 -0 -0 0 0 0 -0 0 0

Ratios

Figures in Rs. Crores

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 74 87 101 144 113 69 66 71 77 135 98 107
Inventory Days 101 128 150 155 124 172 88 137 140 165 145 174
Days Payable 83 91 97 166 151 141 135 183 150 231 147 127
Cash Conversion Cycle 91 125 154 133 85 99 20 25 67 68 96 154
Working Capital Days 65 60 74 79 74 58 16 40 57 90 87 120
ROCE % 7% 5% 1% 3% -1% -11% -1% 22% 5% 11% 12% -12%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.17% 73.82% 73.82% 73.82% 73.82% 73.83% 73.83% 73.83% 73.82% 73.79% 73.79% 73.79%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
25.82% 26.17% 26.17% 26.17% 26.17% 26.17% 26.16% 26.16% 26.17% 26.21% 26.20% 26.19%
No. of Shareholders 18,42120,47725,17630,29433,55133,25432,48331,93831,57531,40934,08336,609

* 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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