L G Balakrishnan & Bros Ltd

L G Balakrishnan Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

L G Balakrishnan & Bros Ltd

₹ 1,198 -1.38%
22 Nov - close price
lgb.co.in BSE: 500250 NSE: LGBBROSLTD
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

Product Segments Q2 FY25
1) Transmission (79%): [1] The company offers chains, sprockets, tensioners, belts and brake shoes.

Website BSE NSE
  • Market Cap ₹ 3,821 Cr.
  • Current Price ₹ 1,198
  • High / Low ₹ 1,575 / 1,102
  • Stock P/E 14.0
  • Book Value ₹ 556
  • Dividend Yield 1.50 %
  • ROCE 23.2 %
  • ROE 18.0 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 24.5% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 20.3%

Cons

  • The company has delivered a poor sales growth of 7.12% over past five years.
  • Promoter holding is low: 34.8%
  • Promoter holding has decreased over last 3 years: -5.25%

* 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

Part of BSE SmallCap BSE Allcap BSE Consumer Discretionary

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
552 549 540 487 545 551 503 509 573 570 579 538 624
447 436 438 407 447 447 413 423 472 469 481 449 516
Operating Profit 105 113 102 80 98 104 90 85 101 101 98 89 108
OPM % 19% 21% 19% 16% 18% 19% 18% 17% 18% 18% 17% 17% 17%
20 3 8 13 6 7 16 7 18 15 16 21 17
Interest 1 2 3 1 1 2 2 2 2 2 3 2 2
Depreciation 20 20 19 18 18 18 19 17 17 18 20 20 20
Profit before tax 104 93 88 74 85 92 85 74 101 96 92 89 103
Tax % 25% 25% 30% 25% 24% 23% 33% 25% 25% 25% 27% 25% 24%
78 70 62 55 65 71 57 55 76 72 67 67 78
EPS in Rs 24.72 22.18 19.73 17.61 20.66 22.58 18.06 17.57 24.12 22.84 21.32 21.43 24.37
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
920 969 1,027 1,064 1,146 1,315 1,582 1,444 1,531 2,008 2,086 2,231 2,311
831 857 897 938 997 1,131 1,379 1,257 1,269 1,629 1,716 1,844 1,914
Operating Profit 90 112 130 126 150 184 204 187 262 379 370 387 397
OPM % 10% 12% 13% 12% 13% 14% 13% 13% 17% 19% 18% 17% 17%
4 5 9 4 6 4 15 29 21 32 46 56 69
Interest 22 17 16 16 14 11 12 15 10 9 7 8 8
Depreciation 29 31 37 43 49 54 64 74 77 77 74 73 78
Profit before tax 42 69 85 70 92 123 143 127 195 325 335 363 380
Tax % 20% 21% 24% 18% 28% 35% 32% 20% 24% 26% 26% 26%
34 54 64 57 66 80 97 102 148 239 248 270 284
EPS in Rs 10.73 17.31 20.51 18.30 21.04 25.51 30.79 32.44 47.21 76.17 78.90 85.85 89.96
Dividend Payout % 17% 17% 17% 16% 17% 9% 16% 15% 21% 20% 20% 21%
Compounded Sales Growth
10 Years: 9%
5 Years: 7%
3 Years: 13%
TTM: 8%
Compounded Profit Growth
10 Years: 18%
5 Years: 24%
3 Years: 24%
TTM: 9%
Stock Price CAGR
10 Years: 14%
5 Years: 35%
3 Years: 33%
1 Year: 4%
Return on Equity
10 Years: 17%
5 Years: 18%
3 Years: 19%
Last Year: 18%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 8 8 16 16 16 16 31 31 31 31 31 31 32
Reserves 250 293 335 381 481 543 604 649 838 1,084 1,313 1,571 1,742
148 123 146 148 106 90 200 118 71 94 93 100 80
177 208 239 241 262 296 307 264 387 446 378 470 471
Total Liabilities 582 632 735 786 864 944 1,143 1,063 1,326 1,656 1,816 2,172 2,325
203 221 274 330 358 369 477 530 503 462 444 506 585
CWIP 3 9 31 7 3 26 36 8 4 14 28 32 42
Investments 34 36 37 39 79 67 66 46 96 137 166 245 272
341 367 394 410 424 482 564 479 724 1,043 1,177 1,388 1,426
Total Assets 582 632 735 786 864 944 1,143 1,063 1,326 1,656 1,816 2,172 2,325

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
82 100 88 108 138 118 98 205 216 199 300 346
-56 -51 -81 -80 -73 -84 -179 -61 -126 -181 -291 -305
-26 -49 -7 -30 -57 -39 83 -150 -34 -15 -58 -43
Net Cash Flow 0 -0 1 -2 8 -4 2 -6 56 3 -48 -2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 44 47 44 47 49 50 48 40 55 50 44 46
Inventory Days 139 147 163 163 157 149 149 152 152 167 144 132
Days Payable 83 103 128 134 143 154 124 125 124 101 72 86
Cash Conversion Cycle 99 91 79 76 63 45 73 66 83 117 116 92
Working Capital Days 52 46 45 42 42 36 49 49 46 56 56 47
ROCE % 16% 20% 20% 17% 18% 21% 19% 14% 22% 29% 24% 23%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
34.32% 34.32% 34.32% 33.99% 33.99% 34.21% 33.85% 33.74% 33.74% 33.74% 33.76% 34.80%
6.78% 7.72% 8.03% 8.96% 9.46% 9.17% 8.77% 8.14% 7.81% 7.62% 7.46% 6.45%
12.48% 11.80% 11.82% 11.73% 11.73% 11.73% 12.73% 13.78% 13.90% 13.98% 14.31% 14.43%
46.42% 46.16% 45.83% 45.28% 44.81% 44.87% 44.64% 44.33% 44.52% 44.64% 44.46% 44.33%
No. of Shareholders 45,16643,60342,67343,04041,01136,27934,04635,86533,71134,06234,79537,430

* 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

Announcements

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Credit ratings

Concalls

  • Jun 2023
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