LGB Forge Ltd

LGB Forge Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

LGB Forge Ltd

₹ 12.7 2.49%
03 Jul 11:06 a.m.
lgbforge.co.in BSE: 533007 NSE: LGBFORGE
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

Website BSE NSE - BE
  • Market Cap ₹ 303 Cr.
  • Current Price ₹ 12.7
  • High / Low ₹ 14.8 / 8.37
  • Stock P/E
  • Book Value ₹ 0.85
  • Dividend Yield 0.00 %
  • ROCE -4.59 %
  • ROE -22.4 %
  • Face Value ₹ 1.00
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Pros

Cons

  • Stock is trading at 14.7 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -7.45% over past five years.
  • Company has a low return on equity of -11.8% 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.

Peer comparison

Sector: Castings, Forgings & Fastners Industry: Castings & Forgings

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Quarterly Results

Figures in Rs. Crores

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
28.91 26.88 36.34 34.66 32.17 28.03 29.80 26.00 26.64 28.55 28.78 22.99 19.81
26.19 24.99 32.77 32.10 30.60 27.07 31.34 28.96 25.69 29.52 28.66 22.50 21.00
Operating Profit 2.72 1.89 3.57 2.56 1.57 0.96 -1.54 -2.96 0.95 -0.97 0.12 0.49 -1.19
OPM % 9.41% 7.03% 9.82% 7.39% 4.88% 3.42% -5.17% -11.38% 3.57% -3.40% 0.42% 2.13% -6.01%
0.17 0.34 0.12 0.11 0.08 0.15 0.55 0.28 -1.26 0.18 0.27 -1.18 -0.72
Interest 0.47 0.46 1.01 0.50 0.29 0.48 0.51 0.51 0.65 0.71 0.99 0.86 0.64
Depreciation 1.14 1.13 1.12 1.17 1.11 1.38 1.00 1.19 0.70 1.18 1.13 0.68 0.67
Profit before tax 1.28 0.64 1.56 1.00 0.25 -0.75 -2.50 -4.38 -1.66 -2.68 -1.73 -2.23 -3.22
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%
1.28 0.64 1.55 1.00 0.25 -0.75 -2.51 -4.38 -1.66 -2.68 -1.74 -2.23 -3.22
EPS in Rs 0.05 0.03 0.07 0.04 0.01 -0.03 -0.11 -0.18 -0.07 -0.11 -0.07 -0.09 -0.14
Raw PDF
Upcoming result date: 7 August 2024

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
108.01 86.54 80.16 88.30 82.85 99.69 131.64 101.14 92.13 130.06 116.22 89.38
96.87 79.89 76.13 86.07 84.02 98.09 122.85 95.36 82.67 120.24 119.40 89.68
Operating Profit 11.14 6.65 4.03 2.23 -1.17 1.60 8.79 5.78 9.46 9.82 -3.18 -0.30
OPM % 10.31% 7.68% 5.03% 2.53% -1.41% 1.60% 6.68% 5.71% 10.27% 7.55% -2.74% -0.34%
2.50 10.77 4.34 2.99 4.25 0.40 1.45 0.82 0.74 0.65 1.37 -3.63
Interest 8.32 6.34 4.60 4.06 2.96 3.16 4.98 2.82 2.13 2.49 2.70 3.17
Depreciation 9.68 8.01 3.90 3.50 2.28 2.02 3.20 4.42 4.64 4.53 4.79 2.77
Profit before tax -4.36 3.07 -0.13 -2.34 -2.16 -3.18 2.06 -0.64 3.43 3.45 -9.30 -9.87
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%
-4.36 3.07 -0.14 -2.34 -2.17 -3.18 2.06 -0.64 3.43 3.44 -9.30 -9.87
EPS in Rs -0.18 0.13 -0.01 -0.10 -0.09 -0.13 0.09 -0.03 0.14 0.14 -0.39 -0.41
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%
Compounded Sales Growth
10 Years: 0%
5 Years: -7%
3 Years: -1%
TTM: -23%
Compounded Profit Growth
10 Years: 0%
5 Years: %
3 Years: %
TTM: 39%
Stock Price CAGR
10 Years: 13%
5 Years: 26%
3 Years: 17%
1 Year: 34%
Return on Equity
10 Years: -11%
5 Years: -5%
3 Years: -12%
Last Year: -22%

Balance Sheet

Figures in Rs. Crores

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 15.00 15.00 15.00 15.00 15.00 15.00 23.82 23.82 23.82 23.82 23.82 23.82
Reserves -5.33 -2.26 -3.55 -5.89 -8.24 -11.61 8.03 8.03 11.91 15.51 6.35 -3.65
52.45 35.75 31.76 22.86 17.90 16.54 10.94 14.76 13.10 13.32 27.04 29.74
17.63 15.40 21.38 23.58 21.51 26.73 39.44 24.47 31.54 32.26 27.99 29.06
Total Liabilities 79.75 63.89 64.59 55.55 46.17 46.66 82.23 71.08 80.37 84.91 85.20 78.97
31.96 19.42 14.72 11.65 8.76 12.48 24.95 27.12 24.18 20.14 17.61 12.08
CWIP 0.37 0.00 0.00 0.00 0.00 0.38 0.07 0.14 0.50 0.10 0.00 0.00
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
47.42 44.47 49.87 43.90 37.41 33.80 57.21 43.82 55.69 64.67 67.59 66.89
Total Assets 79.75 63.89 64.59 55.55 46.17 46.66 82.23 71.08 80.37 84.91 85.20 78.97

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
10.25 17.56 5.45 2.32 3.78 10.77 -0.41 5.34 3.95 2.25 -9.07 2.46
2.00 5.22 2.80 1.78 4.45 -5.97 -15.41 -3.08 -1.86 -0.23 -2.11 -1.53
-12.43 -22.79 -8.20 -4.16 -8.23 -4.80 15.85 -2.20 -2.19 -2.03 11.17 -1.11
Net Cash Flow -0.18 -0.01 0.06 -0.05 -0.01 0.00 0.03 0.06 -0.10 0.00 0.00 -0.18

Ratios

Figures in Rs. Crores

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 87.49 100.97 144.34 112.68 68.64 66.12 70.70 77.48 134.70 97.89 107.35 127.57
Inventory Days 127.94 149.68 154.97 123.87 171.58 88.29 137.17 139.84 164.61 144.84 173.67 249.27
Days Payable 90.92 97.04 166.15 151.33 141.24 134.79 182.58 150.30 231.38 146.86 127.30 192.56
Cash Conversion Cycle 124.51 153.61 133.16 85.22 98.97 19.63 25.29 67.02 67.93 95.87 153.71 184.29
Working Capital Days 60.22 74.11 79.05 73.66 58.37 16.11 40.07 57.45 90.33 86.55 119.88 135.62
ROCE % 5.15% 0.96% 3.01% -1.12% -10.98% -0.54% 22.42% 4.81% 11.34% 11.59% -12.00%

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.

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