LGB Forge Ltd

LGB Forge is into manufacturing of Cold and Hot forged components and has its manufacturing unit at Tamilnadu, Karnataka and Pondicherry. The company concentrates in manufacturing high volume Auto, Electrical & Transmission forged components for automobiles, non automotive segments like Valve Industry and infrastructure equipment industry including machining for customers in automotive, offroad and non-automotive segments.(Source : 201903 Annual Report Page No: 62)

  • Market Cap: 65.51 Cr.
  • Current Price: 2.75
  • 52 weeks High / Low 4.26 / 1.56
  • Book Value: 1.34
  • Stock P/E:
  • Dividend Yield: 0.00 %
  • ROCE: 4.81 %
  • ROE: -2.10 %
  • Sales Growth (3Yrs): 6.88 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 1.00
Edit ratios
Pros:
Cons:
Company has low interest coverage ratio.
The company has delivered a poor growth of 4.76% over past five years.
Company has a low return on equity of -3.48% for last 3 years.
Earnings include an other income of Rs.1.16 Cr.
Company's cost of borrowing seems high

Peer comparison Sector: Castings, Forgings & Fastners // Industry: Castings & Forgings

Loading peers table ...

Quarterly Results Figures in Rs. Crores

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
25.22 25.17 26.74 28.28 35.43 35.94 31.99 31.93 25.57 25.05 18.60 8.06
24.33 25.42 25.79 27.02 33.40 33.43 29.09 30.00 24.19 23.70 17.77 8.49
Operating Profit 0.89 -0.25 0.95 1.26 2.03 2.51 2.90 1.93 1.38 1.35 0.83 -0.43
OPM % 3.53% -0.99% 3.55% 4.46% 5.73% 6.98% 9.07% 6.04% 5.40% 5.39% 4.46% -5.33%
Other Income 0.07 0.00 0.23 0.45 0.62 0.29 0.09 0.10 0.04 0.15 0.54 0.43
Interest 0.66 0.71 1.11 0.81 1.06 1.18 1.84 0.61 0.52 0.50 0.91 0.40
Depreciation 0.51 0.51 0.55 0.61 1.06 1.02 0.51 0.87 0.90 1.00 1.66 1.17
Profit before tax -0.21 -1.47 -0.48 0.29 0.53 0.60 0.64 0.55 0.00 0.00 -1.20 -1.57
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Profit -0.20 -1.47 -0.48 0.28 0.52 0.61 0.64 0.55 0.00 0.01 -1.20 -1.57
EPS in Rs -0.01 -0.06 -0.02 0.01 0.02 0.03 0.03 0.02 0.00 0.00 -0.05 -0.07
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
94.29 102.67 127.55 127.13 108.01 86.54 80.16 88.30 82.85 99.69 131.64 101.14 77.28
86.33 97.37 121.12 114.15 97.53 79.89 76.13 86.07 84.02 98.09 122.85 95.36 74.15
Operating Profit 7.96 5.30 6.43 12.98 10.48 6.65 4.03 2.23 -1.17 1.60 8.79 5.78 3.13
OPM % 8.44% 5.16% 5.04% 10.21% 9.70% 7.68% 5.03% 2.53% -1.41% 1.60% 6.68% 5.71% 4.05%
Other Income 1.69 1.48 5.79 2.11 3.16 10.77 4.34 2.99 4.25 0.40 1.45 0.82 1.16
Interest 10.10 9.64 10.32 10.23 8.32 6.34 4.60 4.06 2.96 3.16 4.98 2.82 2.33
Depreciation 10.66 10.73 10.52 10.16 9.68 8.01 3.90 3.50 2.28 2.02 3.20 4.42 4.73
Profit before tax -11.11 -13.59 -8.62 -5.30 -4.36 3.07 -0.13 -2.34 -2.16 -3.18 2.06 -0.64 -2.77
Tax % -0.72% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Profit -11.19 -13.59 -8.62 -5.30 -4.36 3.07 -0.14 -2.34 -2.17 -3.18 2.06 -0.64 -2.76
EPS in Rs 0.00 0.00 0.00 0.00 0.00 0.13 0.00 0.00 0.00 0.00 0.09 0.00 -0.12
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:-0.15%
5 Years:4.76%
3 Years:6.88%
TTM:-42.88%
Compounded Profit Growth
10 Years:6.92%
5 Years:12.38%
3 Years:23.63%
TTM:-218.97%
Stock Price CAGR
10 Years:-0.73%
5 Years:-11.79%
3 Years:-9.66%
1 Year:3.77%
Return on Equity
10 Years:-40.14%
5 Years:-17.12%
3 Years:-3.48%
Last Year:-2.10%

Balance Sheet Figures in Rs. Crores

Corp Actions
Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
10.00 10.00 10.00 10.00 15.00 15.00 15.00 15.00 15.00 15.00 23.82 23.82
Reserves 18.20 4.21 -4.42 -9.72 -5.33 -2.26 -3.55 -5.89 -8.24 -11.61 8.03 8.03
Borrowings 75.45 76.02 71.06 70.30 52.45 35.75 31.76 22.86 17.90 16.54 10.94 14.76
21.69 24.66 22.10 18.92 17.63 15.40 21.38 23.58 21.51 26.73 39.44 24.47
Total Liabilities 125.34 114.89 98.74 89.50 79.75 63.89 64.59 55.55 46.17 46.66 82.23 71.08
68.13 62.80 50.60 42.57 31.96 19.42 14.72 11.65 8.76 12.48 24.95 27.12
CWIP 4.66 0.11 0.00 0.12 0.37 0.00 0.00 0.00 0.00 0.38 0.07 0.14
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
52.55 51.98 48.14 46.81 47.42 44.47 49.87 43.90 37.41 33.80 57.21 43.82
Total Assets 125.34 114.89 98.74 89.50 79.75 63.89 64.59 55.55 46.17 46.66 82.23 71.08

Cash Flows Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
18.71 9.76 8.28 11.98 10.25 17.56 5.45 2.32 3.78 10.77 -0.41 4.79
-4.17 -0.46 7.09 -2.12 2.00 5.22 2.80 1.78 4.45 -5.97 -15.41 -3.08
-14.52 -9.06 -15.28 -10.08 -12.43 -22.79 -8.20 -4.16 -8.23 -4.80 15.85 -1.64
Net Cash Flow 0.02 0.24 0.09 -0.22 -0.18 -0.01 0.06 -0.05 -0.01 0.00 0.03 0.06

Ratios Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % -1.87% -4.78% -4.34% 6.62% 5.15% 0.96% 3.01% -1.12% -10.98% -0.54% 22.42% 4.81%
Debtor Days 107.81 105.44 71.68 74.19 87.49 100.97 144.34 112.68 68.64 66.12 70.70 77.48
Inventory Turnover 6.80 3.75 4.51 4.14 3.43 2.81 2.67 3.25 2.84 3.89 4.05 2.61

Shareholding pattern in percentages

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
64.17 64.17 64.17 64.17 64.17 64.17 74.90 74.90 74.90 74.90 74.90 74.90
0.01 0.01 0.01 0.01 0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.01 0.02 0.01 0.01
35.83 35.83 35.83 35.83 35.83 35.83 25.09 25.09 25.09 25.08 25.09 25.09