LG Balakrishnan&Bros

LG Balakrishnan & Bros Ltd.

NSE: LGBBROSLTD BSE: 500250 SECTOR: Auto Ancillary  40k   302   29

790.95
+1.65 (0.21%)
NSE: Today, 03:54 PM

Price Summary

Today's High

₹ 797.85

Today's Low

₹ 786

52 Week High

₹ 887

52 Week Low

₹ 507.05

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyExcellent
The company knows very well the utilization of its assets.
FinancialsVery Stable
The company possesses stable growth history and manageable debt.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

₹ 2482.98 Cr.

Enterprise Value

₹ 2277.67 Cr.

No. of Shares

3.14 Cr.

P/E

10.02

P/B

2.23

Face Value

₹ 10

Div. Yield

2.02 %

Book Value (TTM)

₹  355.44

CASH

₹ 285.19 Cr.

DEBT

₹ 79.88 Cr.

Promoter Holding

34.21 %

EPS (TTM)

₹  78.9

Sales Growth

31.11%

ROE

24.09 %

ROCE

31.44%

Profit Growth

61.34 %

Add Your Ratio

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.

PE Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

PB Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

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Ratios

Sales Growth

1 Year31.11%
3 Year8.27%
5 Year11.84%

Profit Growth

1 Year61.34%
3 Year35.25%
5 Year29.34%

ROE%

1 Year24.09%
3 Year19.57%
5 Year18.02%

ROCE %

1 Year31.44%
3 Year24.31%
5 Year23.03%

Debt/Equity

0.0716

Price to Cash Flow

12.47

Interest Cover Ratio

38.6515579752114

CFO/PAT (5 Yr. Avg.)

1.25645506540438

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2023 34.21 0
Dec 2022 34 0
Sep 2022 34 0
Jun 2022 34.32 0
Mar 2022 34.32 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 35.2475810918927% for the Past 3 years.
  • Company has been maintaining healthy ROCE of 24.3105114205397% over the past 3 years.
  • Company is virtually debt free.
  • Company has a healthy Interest coverage ratio of 38.6515579752114.
  • Company’s PEG ratio is 0.163434686962393.
  • The company has an efficient Cash Conversion Cycle of 11.9024801486055 days.
  • Company has a healthy liquidity position with current ratio of 2.08297064899871.
  • The company has a good cash flow management; CFO/PAT stands at 1.25645506540438.
  • The company has a strong degree of Operating leverage, Average Operating leverage stands at 3.47750796793102.

 Limitations

  • The company has shown a poor revenue growth of 8.26991432165027% for the Past 3 years.

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
Net Sales 539.68 487.04 545.02 551 502.6
Total Expenditure 438.08 406.76 446.94 447.02 412.75
Operating Profit 101.6 80.27 98.08 103.98 89.85
Other Income 3.3 3.48 5.06 5.95 8.08
Interest 2.53 1.06 1.32 1.59 2.06
Depreciation 19.07 18.14 18.21 18.34 18.87
Exceptional Items 5.02 9.44 1.32 1.51 8.03
Profit Before Tax 88.32 73.99 84.93 91.52 85.03
Tax 26.39 18.72 20.08 20.64 28.33
Profit After Tax 61.93 55.28 64.85 70.87 56.7
Adjusted EPS (Rs) 19.73 17.61 20.66 22.58 18.06

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Net Sales 1315.41 1582.1 1444.27 1531.47 2007.98
Total Expenditure 1131.65 1378.57 1258.54 1270.49 1629.43
Operating Profit 183.76 203.53 185.73 260.98 378.54
Other Income 4.11 2.82 4.79 8.35 9.74
Interest 10.98 11.79 15.04 9.98 8.63
Depreciation 54.13 63.97 74.18 77.49 77.34
Exceptional Items 0 12.05 25.24 13.62 22.74
Profit Before Tax 122.76 142.64 126.55 195.48 325.05
Tax 42.66 45.99 24.72 47.27 85.94
Net Profit 80.1 96.65 101.83 148.21 239.11
Adjusted EPS (Rs.) 25.52 30.79 32.44 47.21 76.17

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 15.7 31.39 31.39 31.39 31.39
Total Reserves 542.56 604.37 649.11 837.6 1084.43
Borrowings 40.1 86.92 69.6 9.32 12.91
Other N/C liabilities 27.48 31.06 40.26 37.65 38.21
Current liabilities 318.21 388.98 272.37 410.18 485.25
Total Liabilities 944.05 1142.73 1062.74 1326.13 1652.2
Assets
Net Block 357.59 476.55 529.46 491.72 452.56
Capital WIP 26.43 36.06 7.6 4.18 14.24
Intangible WIP 0 0 0 0 0
Investments 78.49 66.14 46.64 106.58 146.51
Loans & Advances 30.71 32.98 20.62 23.65 27.75
Other N/C Assets 0.44 0.45 0.44 0.38 0.38
Current Assets 450.39 530.55 457.98 699.62 1010.76
Total Assets 944.05 1142.73 1062.74 1326.13 1652.2
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Profit from operations 122.76 142.64 126.55 195.48 325.05
Adjustment 62.94 62.57 65.42 81.4 81.4
Changes in Assets & Liabilities -25.68 -56.78 46.19 -13.74 -125.08
Tax Paid -41.55 -50.61 -32.96 -47.11 -82.21
Operating Cash Flow 118.48 97.82 205.2 216.03 199.15
Investing Cash Flow -83.85 -178.68 -61.17 -126.17 -181
Financing Cash Flow -38.66 82.9 -149.84 -34.35 -19.38
Net Cash Flow -4.04 2.04 -5.81 55.51 -1.24

Corporate Actions

Investors Details

PARTICULARS Mar 2022% Jun 2022% Sep 2022% Dec 2022% Mar 2023%
Promoters 34.32 34.32 34.00 34.00 34.21
b vijayakumar 11.00 11.00 11.00 11.00 11.00
v rajvirdhan 5.42 - - - -
v rajsri 6.94 6.94 6.94 6.94 6.94
lgb auto products ... 5.57 5.57 5.57 5.57 5.70
b vijayakumar - tr... - 4.97 4.97 - -
jeshta family priv... 4.97 - - - -
b vijayakumar - tr... - - - 4.97 4.97
jeshta family priv... - - - - -
b vijayakumar (jes... - - - - -
lg farm products p... 2.55 2.55 2.55 2.55 2.55
lg sports private ... 1.27 1.27 1.27 1.27 1.37
k arjun 0.67 0.37 0.37 - -
k nithin 0.65 0.64 0.64 - -
super transports p... 0.45 0.45 0.45 0.45 0.45
arjun karivardhan - - - 0.37 0.37
nithin karivardhan - - - 0.32 0.32
elgi automotive se... 0.25 0.25 - - 0.25
elgi automotive se... - - 0.25 0.25 -
super speeds priva... 0.16 0.16 0.16 0.16 0.16
vijayshree vijayak... 0.08 0.08 0.08 0.08 0.08
tribe holdings pri... - - - 0.03 0.03
tribe investments ... 0.03 0.03 0.03 - -
silent chain india... 0.02 0.02 0.02 0.02 0.02
PARTICULARS Mar 2022% Jun 2022% Sep 2022% Dec 2022% Mar 2023%
Investors 65.68 65.68 66.00 66.00 65.79
hdfc trustee compa... - 8.15 - - -
hdfc trustee compa... 8.15 - - - -
hdfc small cap fund - - 8.15 8.15 8.15
nippon life india ... - 3.66 - 2.84 -
nippon life india ... - - - - -
nippon life india ... 4.04 - 2.96 - 2.84
sundaram mutual fu... - - - - -
b v educational fo... - - - 1.31 -
societe generale -... - - - - -
vanaja sundar iyer - - - - -
b v medical founda... - - - 1.00 -
investor education... - - - 0.18 0.18
iepf 0.16 0.17 0.17 - -

Annual Reports

Ratings & Research Reports

Company Presentations

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Company News

LG Balakrishnan & Bros informs about details of loss of certificate17 May 2023, 4:47PM LG Balakrishnan&Bros - Quaterly Results29 Apr 2023, 6:08PM LG Balakrishnan&Bros - Quaterly Results29 Apr 2023, 6:08PM LG Balakrishnan&Bros - Quaterly Results29 Apr 2023, 6:08PM LG Balakrishnan & Bros informs about details of loss of certificate21 Apr 2023, 4:34PM L.G Balakrishnan & Bros informs about certificate20 Apr 2023, 10:21AM LG Balakrishnan&Bros - Quaterly Results28 Jan 2023, 5:24PM LG Balakrishnan&Bros - Quaterly Results28 Jan 2023, 5:24PM LG Balakrishnan&Bros - Quaterly Results28 Jan 2023, 5:24PM L.G Balakrishnan & Bros informs about newspaper advertisement 19 Nov 2022, 10:18AM LG Balakrishnan & Bros informs about details of loss of certificate 5 Nov 2022, 12:59PM L.G. Balakrishnan & Bros informs about the newspaper publication of audited financial results2 Nov 2022, 5:10PM LG Balakrishnan&Bros - Quaterly Results31 Oct 2022, 6:28PM LG Balakrishnan&Bros - Quaterly Results31 Oct 2022, 6:28PM L.G Balakrishnan & Bros informs about certificate 12 Oct 2022, 9:44AM LG Balakrishnan&Bros - Quaterly Results30 Jul 2022, 5:10PM LG Balakrishnan&Bros - Quaterly Results30 Jul 2022, 5:10PM LG Balakrishnan&Bros - Quaterly Results30 Jul 2022, 5:10PM L.G. Balakrishnan & Bros informs about certificate 15 Jul 2022, 12:03PM LG Balakrishnan & Bros informs about details of loss of certificate 28 Jun 2022, 3:39PM LG Balakrishnan & Bros board recommends dividend2 May 2022, 4:48PM LG Balakrishnan&Bros - Quaterly Results30 Apr 2022, 5:40PM LG Balakrishnan&Bros - Quaterly Results30 Apr 2022, 5:40PM LG Balakrishnan & Bros informs about newspaper advertisement23 Apr 2022, 4:05PM L.G. Balakrishnan & Bros informs about loss of share certificate21 Apr 2022, 11:39AM LG Balakrishnan&Bros - Quaterly Results31 Jan 2022, 4:49PM LG Balakrishnan&Bros - Quaterly Results31 Jan 2022, 4:49PM L.G. Balakrishnan & Bros informs about disclosure1 Jan 2022, 10:44AM L.G. Balakrishnan & Bros informs about board meeting22 Jul 2021, 12:40PM LG Balakrishnan & Brothers informs about newspaper publication4 Jun 2021, 5:26PM LG Balakrishnan & Bros informs about newspaper advertisements 20 Mar 2021, 10:44AM LG Balakrishnan & Bros informs about issuance of duplicate share certificate12 Mar 2021, 10:31AM LG Balakrishnan & Brothers informs about disclosure of related party transactions20 Nov 2020, 11:36AM LG Balakrishnan & Bros informs about compliance certificate14 Oct 2020, 1:11PM LG Balakrishnan & Brothers informs about proceedings of 64th AGM21 Aug 2020, 12:40PM LG Balakrishnan & Brothers informs about press release4 Aug 2020, 4:21PM LG Balakrishnan & Bros gets nod to resume operations at all plants 15 May 2020, 2:59PM

LG Balakrishnan&Bros Stock Price Analysis and Quick Research Report. Is LG Balakrishnan&Bros an attractive stock to invest in?

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The Indian Auto Industry comes in the top 5 largest auto industries of the world. India is also a prominent auto exporter and has strong export growth expectations for the near future. The support from the government is providing the auto companies with a boost needed in their development. But will it sustain?
We can look into more details and dig a little deeper into the analysis of the stock of this sector. Let’s look at how LG Balakrishnan&Bros is performing and if it is the right time to buy the stock of LG Balakrishnan&Bros with detailed analysis.

  • The mainstream of revenue for Auto Sector is their sales, LG Balakrishnan&Bros has reported outstanding sales growth of 31.1139207494373 % and in the latest quarter sales was Rs 502.598 Cr. To judge whether the company’s inventory is being sold or not and the sales picture is true, inventory turnover ratio plays a major role, which is 5.72227240194542 times for LG Balakrishnan&Bros . It is managing its inventory poorly .
     
  • The company reported Profit growth of 61.3351029267789 % over the year, where the latest year profit is Rs 239.1104 Cr compared to the previous year of Rs 148.2073 Cr. The new permits by governments and increasing demand will lead to an increase in profits in the coming year.
     
  • The operating profit of the company in the latest quarter is Rs 89.849 Cr. It helps in measuring the company’s operating performance which is used to make financing decisions.
     
  • LG Balakrishnan&Bros has a healthy ROE of 24.0939674241762 %. The ROE is an important financial parameter because Auto companies work with high equity investments. Also, they have to take huge debt to incur the research and manufacturing work so their Debt to Equity ratio should be evaluated. LG Balakrishnan&Bros has a low Debt to Equity ratio of 0.0716.
     
  • LG Balakrishnan&Bros pays a dividend of 15 Rs per share. It tells us that a company likes to share profits with its shareholders. The dividend yield is low at 2.0354 %.
     
  • The share of promoter in the company is low at 34.21 %, where the pledging is 0 %.
     
  • What the market is willing to pay for the company for its earnings can be determined by PE multiple. Current PE of LG Balakrishnan&Bros is 10.0242701527816 compared to the 5 year average PE of 10.3935879361705 .
Brief about LG Balakrishnan&Bros

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