Fundamental Analysis of LG Balakrishnan & Bros Ltd

About the Company - LG Balakrishnan & Bros Ltd

LG Balakrishnan & Bros Ltd. is a Public Limited Listed company incorporated on 24/03/1956 and has its registered office in the State of Tamil Nadu, India. Company’s Corporate Identification Number(CIN) is L29191TZ1956PLC000257 and registration number is 000257. Currently Company is involved in the business activities of Machining; treatment and coating of metals. Company’s Total Operating Revenue is Rs. 2007.98 Cr. and Equity Capital is Rs. 31.39 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Auto Ancl - Others	6/16/13, Krishnarayapuram Road, Ganapathy, Coimbatore Tamil Nadu 641006	info@lgb.co.in http://www.lgb.co.in

Management
Name	Position Held
Mr. B Vijayakumar	Executive Chairman
Mr. P Prabakaran	Managing Director
Mr. Rajiv Parthasarathy	Executive Director
Mr. S Sivakumar	Non Executive Director
Mr. V Govindarajulu	Independent Director
Mr. P Shanmugasundaram	Independent Director
Mrs. Rajsri Vijayakumar	Non Executive Director
Mr. R Vidhya Shankar	Independent Director
Mrs. Kanchana Manavalan	Independent Director
Mr. G D Rajkumar	Independent Director
Dr. Vinay Balaji Naidu	Independent Director

Basic Stock Data of LG Balakrishnan & Bros Ltd

Last Updated: July 26, 2024, 10:25 pm

Market Cap	4,485 Cr.
Current Price	1,427
High / Low	1,527/964
Stock P/E	16.8
Book Value	523
Dividend Yield	1.26 %
ROCE	22.7 %
ROE	17.7 %
Face Value	10.0
PEG Ratio	0.73

Data Source: screener.in

LG Balakrishnan & Bros Ltd Quarterly Results

Month	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023
Sales	417	498	499	393	577	574	559	521	578	581	523	539	600
Expenses	359	407	410	331	470	458	454	436	476	474	434	451	496
Operating Profit	58	91	89	61	107	116	105	85	102	107	89	88	104
OPM %	14%	18%	18%	16%	18%	20%	19%	16%	18%	18%	17%	16%	17%
Other Income	6	2	12	4	20	3	8	13	6	7	16	7	17
Interest	3	2	2	2	2	3	3	1	1	2	2	2	2
Depreciation	21	21	21	20	21	21	21	20	20	20	20	18	18
Profit before tax	41	70	78	43	104	95	90	77	87	93	83	74	101
Tax %	33%	23%	25%	23%	25%	25%	29%	24%	23%	22%	34%	25%	25%
Net Profit	27	54	58	33	78	71	64	58	67	72	55	55	75
EPS in Rs	8.86	17.11	18.47	10.50	24.82	22.64	20.24	18.57	21.37	22.98	17.33	17.66	24.05

Last Updated: July 10, 2024, 7:14 pm

LG Balakrishnan & Bros Ltd Quarterly Chart

LG Balakrishnan & Bros Ltd Profit & Loss

Last Updated: July 10, 2024, 7:14 pm

Month	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
Sales	898	939	1,085	1,151	1,175	1,258	1,418	1,688	1,543	1,609	2,102	2,203	2,262
Expenses	794	850	959	1,009	1,037	1,095	1,222	1,479	1,355	1,355	1,713	1,818	1,875
Operating Profit	104	89	126	142	138	162	196	209	187	254	389	385	387
OPM %	12%	10%	12%	12%	12%	13%	14%	12%	12%	16%	19%	17%	17%
Other Income	2	4	5	9	4	10	5	15	22	21	35	43	52
Interest	18	23	18	18	18	16	12	13	16	11	9	8	8
Depreciation	29	30	33	39	46	53	58	68	79	83	83	79	77
Profit before tax	59	40	80	94	78	103	131	143	115	180	332	340	355
Tax %	25%	19%	19%	22%	17%	28%	33%	32%	22%	26%	26%	26%
Net Profit	44	33	66	74	66	75	89	100	91	133	246	252	258
EPS in Rs	14.09	10.42	20.01	22.68	20.22	22.61	27.41	31.72	29.19	42.51	78.20	80.25	82.15
Dividend Payout %	20%	18%	15%	15%	15%	15%	8%	16%	17%	24%	19%	0%

LG Balakrishnan & Bros Ltd Profit & Loss Yearly Chart

LG Balakrishnan & Bros Ltd Growth

Compounded Sales Growth
10 Years:	8%
5 Years:	7%
3 Years:	13%
TTM:	6%

Compounded Profit Growth
10 Years:	16%
5 Years:	24%
3 Years:	29%
TTM:	13%

Stock Price CAGR
10 Years:	21%
5 Years:	44%
3 Years:	43%
1 Year:	22%

Return on Equity
10 Years:	17%
5 Years:	18%
3 Years:	19%
Last Year:	18%

Last Updated: July 25, 2024, 5:38 am

LG Balakrishnan & Bros Ltd Balance Sheet

Last Updated: July 10, 2024, 7:14 pm

Month	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	8	8	8	16	16	16	16	31	31	31	31	31	31
Reserves	225	251	300	349	401	505	570	635	675	848	1,101	1,334	1,439
Borrowings	138	168	150	177	178	134	108	218	133	84	104	104	71
Other Liabilities	184	196	231	264	266	292	321	338	292	415	476	403	531
Total Liabilities	554	622	689	806	860	947	1,015	1,221	1,132	1,378	1,713	1,873	2,072
Fixed Assets	197	228	255	316	381	407	424	532	585	552	508	487	468
CWIP	3	3	9	37	10	14	27	37	9	6	15	32	72
Investments	14	19	17	18	19	60	54	55	20	63	104	134	155
Other Assets	341	372	408	436	451	466	510	597	518	757	1,086	1,221	1,378
Total Assets	554	622	689	806	860	947	1,015	1,221	1,132	1,378	1,713	1,873	2,072

LG Balakrishnan & Bros Ltd Reserves and Borrowings Chart

LG Balakrishnan & Bros Ltd Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity	70	96	119	117	150	128	102	203	211	202	167	343
Cash from Investing Activity	-63	-60	-114	-87	-78	-87	-180	-55	-121	-182	-157	-299
Cash from Financing Activity	-3	-39	-4	-33	-60	-50	81	-154	-33	-19	-58	-40
Net Cash Flow	5	-4	1	-2	11	-9	2	-5	57	2	-48	3

LG Balakrishnan & Bros Ltd Financial Efficiency Indicators

Month	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	44	48	49	46	47	51	50	48	41	56	51	45
Inventory Days	151	140	139	153	155	150	143	145	150	149	168	142
Days Payable	88	85	98	122	127	139	147	122	128	128	106	75
Cash Conversion Cycle	108	103	90	78	75	62	46	71	63	76	113	113
Working Capital Days	54	55	48	47	45	42	35	48	48	45	56	56
ROCE %	22%	15%	21%	21%	16%	18%	21%	18%	13%	20%	29%	24%

LG Balakrishnan & Bros Ltd Financial Efficiency Indicators Chart

LG Balakrishnan & Bros Ltd Share Holding Pattern

Month	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoters	41.98%	40.05%	34.32%	34.32%	34.32%	33.99%	33.99%	34.21%	33.85%	33.74%	33.74%	33.74%
FIIs	3.32%	5.00%	6.78%	7.72%	8.03%	8.96%	9.46%	9.17%	8.77%	8.14%	7.81%	7.62%
DIIs	13.63%	12.86%	12.48%	11.80%	11.82%	11.73%	11.73%	11.73%	12.73%	13.78%	13.90%	13.98%
Public	41.07%	42.10%	46.42%	46.16%	45.83%	45.28%	44.81%	44.87%	44.64%	44.33%	44.52%	44.64%
No. of Shareholders	33,586	35,613	45,166	43,603	42,673	43,040	41,011	36,279	34,046	35,865	33,711	34,062

LG Balakrishnan & Bros Ltd Shareholding Pattern Chart

No. of LG Balakrishnan & Bros Ltd Shareholders

LG Balakrishnan & Bros Ltd Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
HDFC Small Cap Fund - Regular Plan	2,719,467	1.25	289.49	81,694	2024-07-25	3228.85%
Nippon India Small Cap Fund	890,918	0.25	94.84	81,694	2024-07-25	990.55%
Mahindra Manulife Large & Mid Cap Fund	83,173	0.63	8.85	81,694	2024-07-25	1.81%
HDFC Large and Mid Cap Fund - Regular Plan	81,694	0.07	8.7	81,694	2024-07-25	0%
Bandhan Transportation and Logistics Fund	71,212	2.26	7.58	81,694	2024-07-25	-12.83%
Mahindra Manulife Flexi Cap Fund	68,422	0.71	7.28	81,694	2024-07-25	-16.25%
Mahindra Manulife Balanced Advantage Fund	55,000	1.05	5.85	81,694	2024-07-25	-32.68%
ITI ELSS Tax Saver Fund	38,800	2	4.13	81,694	2024-07-25	-52.51%
Mahindra Manulife Equity Savings Fund	32,761	0.88	3.49	81,694	2024-07-25	-59.9%
Mahindra Manulife Aggressive Hybrid Fund	29,679	0.38	3.16	81,694	2024-07-25	-63.67%

LG Balakrishnan & Bros Ltd ROCE Trend

LG Balakrishnan & Bros Ltd EPS Trend

LG Balakrishnan & Bros Ltd Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	86.44	80.25	78.20	42.51	29.19
Diluted EPS (Rs.)	86.44	80.25	78.20	42.51	29.19
Cash EPS (Rs.)	111.32	105.69	104.79	68.86	53.76
Book Value[Excl.RevalReserv]/Share (Rs.)	523.60	435.68	361.40	280.68	226.23
Book Value[Incl.RevalReserv]/Share (Rs.)	523.60	435.68	361.40	280.68	226.23
Revenue From Operations / Share (Rs.)	747.33	701.76	669.62	512.54	491.46
PBDIT / Share (Rs.)	141.41	129.36	127.58	82.78	60.49
PBIT / Share (Rs.)	116.58	104.04	101.08	56.23	35.44
PBT / Share (Rs.)	116.18	108.40	105.66	57.38	36.58
Net Profit / Share (Rs.)	86.48	80.38	78.28	42.32	28.71
NP After MI And SOA / Share (Rs.)	86.44	80.25	78.20	42.51	29.19
PBDIT Margin (%)	18.92	18.43	19.05	16.15	12.30
PBIT Margin (%)	15.60	14.82	15.09	10.97	7.21
PBT Margin (%)	15.54	15.44	15.77	11.19	7.44
Net Profit Margin (%)	11.57	11.45	11.69	8.25	5.84
NP After MI And SOA Margin (%)	11.56	11.43	11.67	8.29	5.93
Return on Networth / Equity (%)	16.53	18.45	21.67	15.17	12.97
Return on Capital Employeed (%)	21.42	22.88	26.57	18.82	13.38
Return On Assets (%)	12.13	13.45	14.36	9.83	8.09
Long Term Debt / Equity (X)	0.01	0.01	0.01	0.02	0.11
Total Debt / Equity (X)	0.06	0.06	0.07	0.06	0.13
Asset Turnover Ratio (%)	1.14	1.23	1.37	1.26	1.26
Current Ratio (X)	2.10	2.38	2.05	1.70	1.65
Quick Ratio (X)	1.37	1.49	1.20	0.97	0.69
Inventory Turnover Ratio (X)	2.67	2.45	2.78	2.37	2.22
Dividend Payout Ratio (NP) (%)	0.00	18.69	12.78	0.00	41.30
Dividend Payout Ratio (CP) (%)	0.00	14.20	9.55	0.00	22.22
Earning Retention Ratio (%)	0.00	81.31	87.22	0.00	58.70
Cash Earning Retention Ratio (%)	0.00	85.80	90.45	0.00	77.78
Interest Coverage Ratio (X)	54.96	61.49	47.91	25.88	12.46
Interest Coverage Ratio (Post Tax) (X)	33.77	36.14	27.68	12.87	5.68
Enterprise Value (Cr.)	3724.41	2072.73	1490.61	873.95	593.95
EV / Net Operating Revenue (X)	1.59	0.94	0.70	0.54	0.38
EV / EBITDA (X)	8.39	5.10	3.72	3.36	3.13
MarketCap / Net Operating Revenue (X)	1.70	1.06	0.80	0.59	0.32
Retention Ratios (%)	0.00	81.30	87.21	0.00	58.69
Price / BV (X)	2.43	1.70	1.49	1.09	0.71
Price / Net Operating Revenue (X)	1.70	1.06	0.80	0.59	0.32
EarningsYield	0.06	0.10	0.14	0.13	0.18

LG Balakrishnan & Bros Ltd Profitability Ratios (%)

LG Balakrishnan & Bros Ltd Liquidity Ratios

LG Balakrishnan & Bros Ltd Liquidity Ratios (%)

LG Balakrishnan & Bros Ltd Interest Coverage Ratios (%)

LG Balakrishnan & Bros Ltd Valuation Ratios

Fair Value

Fair Value: 1,574.79

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 10.36% compared to the current price 1427

Intrinsic Value: 1,936.85

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 35.73% compared to the current price 1427

Last 5 Year EPS CAGR: 22.99%

*Investments are subject to market risks

Strength and Weakness of LG Balakrishnan & Bros Ltd Stock

Strength	Weakness
The stock has a high average ROCE of 19.83%, which is a positive sign. The company has higher reserves (714.92 cr) compared to borrowings (138.50 cr), indicating strong financial stability. The company has shown consistent growth in sales (142.38 cr) and profit (157.69 cr) over the years.	The stock has a high average Working Capital Days of 48.25, which may not be favorable. The stock has a high average Cash Conversion Cycle of 83.17, which may not be favorable.

FAQ

What is the latest fair value of LG Balakrishnan & Bros Ltd?

The latest fair value of LG Balakrishnan & Bros Ltd is ₹1574.79.

What is the Market Cap of LG Balakrishnan & Bros Ltd?

The Market Cap of LG Balakrishnan & Bros Ltd is 4,485 Cr..

What is the current Stock Price of LG Balakrishnan & Bros Ltd as on 26 July 2024?

The current stock price of LG Balakrishnan & Bros Ltd as on 26 July 2024 is 1,427.

What is the High / Low of LG Balakrishnan & Bros Ltd stocks in FY 2024?

In FY 2024, the High / Low of LG Balakrishnan & Bros Ltd stocks is 1,527/964.

What is the Stock P/E of LG Balakrishnan & Bros Ltd?

The Stock P/E of LG Balakrishnan & Bros Ltd is 16.8.

What is the Book Value of LG Balakrishnan & Bros Ltd?

The Book Value of LG Balakrishnan & Bros Ltd is 523.

What is the Dividend Yield of LG Balakrishnan & Bros Ltd?

The Dividend Yield of LG Balakrishnan & Bros Ltd is 1.26 %.

What is the ROCE of LG Balakrishnan & Bros Ltd?

The ROCE of LG Balakrishnan & Bros Ltd is 22.7 %.

What is the ROE of LG Balakrishnan & Bros Ltd?

The ROE of LG Balakrishnan & Bros Ltd is 17.7 %.

What is the Face Value of LG Balakrishnan & Bros Ltd?

The Face Value of LG Balakrishnan & Bros Ltd is 10.0.

Fundamental Analysis of LG Balakrishnan & Bros Ltd

About the Company - LG Balakrishnan & Bros Ltd

Basic Stock Data of LG Balakrishnan & Bros Ltd

LG Balakrishnan & Bros Ltd Quarterly Results

LG Balakrishnan & Bros Ltd Quarterly Chart

LG Balakrishnan & Bros Ltd Profit & Loss

LG Balakrishnan & Bros Ltd Profit & Loss Yearly Chart

LG Balakrishnan & Bros Ltd Growth

LG Balakrishnan & Bros Ltd Balance Sheet

LG Balakrishnan & Bros Ltd Reserves and Borrowings Chart

LG Balakrishnan & Bros Ltd Cash Flow

LG Balakrishnan & Bros Ltd Financial Efficiency Indicators

LG Balakrishnan & Bros Ltd Financial Efficiency Indicators Chart

LG Balakrishnan & Bros Ltd Share Holding Pattern

LG Balakrishnan & Bros Ltd Shareholding Pattern Chart

No. of LG Balakrishnan & Bros Ltd Shareholders

LG Balakrishnan & Bros Ltd Mutual Fund Holdings

LG Balakrishnan & Bros Ltd ROCE Trend

LG Balakrishnan & Bros Ltd EPS Trend

LG Balakrishnan & Bros Ltd Key Financial Ratios

LG Balakrishnan & Bros Ltd Profitability Ratios (%)

LG Balakrishnan & Bros Ltd Liquidity Ratios

LG Balakrishnan & Bros Ltd Liquidity Ratios (%)

LG Balakrishnan & Bros Ltd Interest Coverage Ratios (%)

LG Balakrishnan & Bros Ltd Valuation Ratios

Fair Value

Strength and Weakness of LG Balakrishnan & Bros Ltd Stock

FAQ

What is the latest fair value of LG Balakrishnan & Bros Ltd?

What is the Market Cap of LG Balakrishnan & Bros Ltd?

What is the current Stock Price of LG Balakrishnan & Bros Ltd as on 26 July 2024?

What is the High / Low of LG Balakrishnan & Bros Ltd stocks in FY 2024?

What is the Stock P/E of LG Balakrishnan & Bros Ltd?

What is the Book Value of LG Balakrishnan & Bros Ltd?

What is the Dividend Yield of LG Balakrishnan & Bros Ltd?

What is the ROCE of LG Balakrishnan & Bros Ltd?

What is the ROE of LG Balakrishnan & Bros Ltd?

What is the Face Value of LG Balakrishnan & Bros Ltd?

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