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Last Updated: April 2, 2026, 3:15 am
Author: Getaka|Social: XLinkedIn

LGB Forge Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹1.72Overvalued by 70.50%vs CMP ₹5.83

P/E (15.0) × ROE (18.2%) × BV (₹0.77) × DY (2.00%)

Defaults: P/E=15

₹1.71Overvalued by 70.67%vs CMP ₹5.83
MoS: -240.9% (Negative)Confidence: 58/100 (Moderate)Models: All 5: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹1.6534%Over (-71.7%)
Net Asset ValueAssets₹0.8020%Over (-86.3%)
EV/EBITDAEnterprise₹0.5917%Over (-89.9%)
ROCE CapitalReturns₹2.1414%Over (-63.3%)
Revenue MultipleRevenue₹3.9415%Over (-32.4%)
Consensus (5 models)₹1.71100%Overvalued
Key Drivers: Wide model spread (₹1–₹4) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -4.1% · Defaults: P/E=15

*Investments are subject to market risks

Investment Snapshot

51
LGB Forge Ltd scores 51/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health51/100 · Moderate
ROCE 1.8% WeakROE 18.2% ExcellentD/E 0.27 Low debtInterest Coverage 0.0x RiskyProfitable 2/5 years Inconsistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 72.9% Stable
Earnings Quality50/100 · Moderate
OPM stable around 1% Steady
Quarterly Momentum60/100 · Moderate
Revenue (4Q): +13% YoY Growing
Industry Rank40/100 · Moderate
ROCE 1.8% vs industry 10.6% Below peersROE 18.2% vs industry 10.6% Above peers3Y sales CAGR: -10% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:15 am

Market Cap 139 Cr.
Current Price 5.83
Intrinsic Value₹1.71
High / Low 14.0/4.80
Stock P/E
Book Value 0.77
Dividend Yield0.00 %
ROCE1.79 %
ROE18.2 %
Face Value 1.00
PEG Ratio0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for LGB Forge Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
LGB Forge Ltd 139 Cr. 5.83 14.0/4.80 0.770.00 %1.79 %18.2 % 1.00
Hilton Metal Forging Ltd 123 Cr. 23.8 70.8/13.415.6 22.80.00 %7.92 %5.75 % 10.0
Kalyani Forge Ltd 209 Cr. 574 890/49536.8 2530.70 %12.3 %9.77 % 10.0
Tirupati Forge Ltd 534 Cr. 42.5 52.0/28.287.9 9.610.00 %12.4 %9.99 % 2.00
Amic Forging Ltd 1,410 Cr. 1,312 1,750/1,06556.0 1390.00 %27.9 %21.8 % 10.0
Industry Average12,169.30 Cr418.2163.21155.020.29%10.63%10.60%6.13

All Competitor Stocks of LGB Forge Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 26.0026.6422.7128.7822.9919.8122.5323.3824.2023.9327.6426.0323.85
Expenses 28.9625.6923.2028.6622.5021.0022.9423.0423.6423.1025.9725.5923.57
Operating Profit -2.960.95-0.490.120.49-1.19-0.410.340.560.831.670.440.28
OPM % -11.38%3.57%-2.16%0.42%2.13%-6.01%-1.82%1.45%2.31%3.47%6.04%1.69%1.17%
Other Income 0.28-1.26-0.780.27-1.18-0.722.230.020.300.320.820.38-0.52
Interest 0.510.650.700.990.860.640.670.550.590.700.740.680.74
Depreciation 1.190.700.711.130.680.670.670.690.700.850.870.870.88
Profit before tax -4.38-1.66-2.68-1.73-2.23-3.220.48-0.88-0.43-0.400.88-0.73-1.86
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%
Net Profit -4.38-1.66-2.68-1.74-2.23-3.220.48-0.88-0.43-0.400.88-0.73-1.86
EPS in Rs -0.18-0.07-0.11-0.07-0.09-0.140.02-0.04-0.02-0.020.04-0.03-0.08

Last Updated: March 4, 2026, 1:46 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 8:46 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 8780888310013210192130928994101
Expenses 8076868498123958312096899398
Operating Profit 742-1296910-4013
OPM % 8%5%3%-1%2%7%6%10%8%-5%0%2%3%
Other Income 11434011111-431
Interest 6543353223433
Depreciation 8442234553333
Profit before tax 3-0-2-2-32-133-9-10-1-2
Tax % 0%0%0%0%0%0%0%0%0%0%0%0%
Net Profit 3-0-2-2-32-133-9-10-1-2
EPS in Rs 0.13-0.01-0.10-0.09-0.130.09-0.030.140.14-0.39-0.41-0.05-0.09
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-100.00%0.00%-50.00%166.67%-150.00%400.00%0.00%-400.00%-11.11%90.00%
Change in YoY Net Profit Growth (%)0.00%100.00%-50.00%216.67%-316.67%550.00%-400.00%-400.00%388.89%101.11%

LGB Forge Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:2%
5 Years:-1%
3 Years:-10%
TTM:5%
Compounded Profit Growth
10 Years:-1%
5 Years:%
3 Years:%
TTM:88%
Stock Price CAGR
10 Years:6%
5 Years:30%
3 Years:-5%
1 Year:-12%
Return on Equity
10 Years:-13%
5 Years:-11%
3 Years:-29%
Last Year:-18%

Last Updated: September 5, 2025, 9:45 am

Balance Sheet

Last Updated: January 7, 2026, 4:00 pm

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 15151515152424242424242424
Reserves -2-4-6-8-128812166-4-6-5
Borrowings 36322318171115131327302726
Other Liabilities 15212422273924323228291824
Total Liabilities 64655646478271808585796368
Fixed Assets 1915129122527242018121716
CWIP 0000000000000
Investments 0000000000000
Other Assets 44504437345744566568674552
Total Assets 64655646478271808585796368

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 1852411-0542-9416
Cash from Investing Activity + 5324-6-15-3-2-0-2-2-3
Cash from Financing Activity + -23-8-4-8-516-2-2-211-1-13
Net Cash Flow -00-0-0000-00000
Free Cash Flow 238485-16222-1127
CFO/OP 264%135%104%-315%680%-4%97%40%22%210%4,375%1,061%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-29.00-28.00-21.00-19.00-15.00-2.00-9.00-4.00-3.00-31.00-30.00-26.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 100.97144.34112.6868.6466.1270.7077.48134.7097.89136.30127.5797.03
Inventory Days 149.68154.97123.87171.5888.29137.17139.84164.61144.84235.38249.27143.92
Days Payable 97.04166.15151.33141.24134.79182.58150.30231.38146.86172.54192.5678.00
Cash Conversion Cycle 153.61133.1685.2298.9719.6325.2967.0267.9395.87199.14184.29162.95
Working Capital Days 40.7014.1220.5016.48-13.5526.8128.5549.8053.7458.7069.7566.33
ROCE %0.96%3.01%-1.12%-10.98%-0.54%22.42%4.81%11.34%11.59%-11.25%-3.94%-1.79%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 73.83%73.82%73.79%73.79%73.79%73.79%73.79%73.79%73.79%73.79%73.79%72.89%
FIIs 0.00%0.00%0.00%0.00%0.00%0.01%0.00%0.00%0.00%0.00%0.00%0.00%
DIIs 0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Public 26.16%26.17%26.21%26.20%26.19%26.18%26.19%26.20%26.19%26.19%26.19%27.09%
No. of Shareholders 31,93831,57531,40934,08336,60941,32939,91639,72439,49338,69438,51738,925

Shareholding Pattern Chart

No. of Shareholders

LGB Forge Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Dec 21Dec 20
FaceValue 1.001.001.001.001.00
Basic EPS (Rs.) -0.05-0.41-0.390.140.14
Diluted EPS (Rs.) -0.05-0.41-0.390.140.14
Cash EPS (Rs.) 0.07-0.29-0.180.330.33
Book Value[Excl.RevalReserv]/Share (Rs.) 0.760.841.271.651.50
Book Value[Incl.RevalReserv]/Share (Rs.) 0.760.841.271.651.50
Revenue From Operations / Share (Rs.) 3.953.754.885.463.87
PBDIT / Share (Rs.) 0.080.01-0.090.420.41
PBIT / Share (Rs.) -0.03-0.10-0.290.230.22
PBT / Share (Rs.) -0.05-0.23-0.390.140.14
Net Profit / Share (Rs.) -0.05-0.41-0.390.140.14
PBDIT Margin (%) 2.160.34-2.027.8610.80
PBIT Margin (%) -0.92-2.74-6.144.375.76
PBT Margin (%) -1.30-6.29-8.002.643.72
Net Profit Margin (%) -1.30-11.03-8.002.643.72
Return on Networth / Equity (%) -6.69-48.92-30.848.759.60
Return on Capital Employeed (%) -2.37-7.17-20.9513.7813.62
Return On Assets (%) -1.95-12.49-10.924.054.27
Long Term Debt / Equity (X) 0.550.640.080.000.01
Total Debt / Equity (X) 1.051.440.860.290.27
Asset Turnover Ratio (%) 1.331.091.371.571.22
Current Ratio (X) 1.691.461.291.451.31
Quick Ratio (X) 1.020.830.710.830.85
Inventory Turnover Ratio (X) 4.171.452.223.232.07
Interest Coverage Ratio (X) 0.810.09-1.094.545.29
Interest Coverage Ratio (Post Tax) (X) -0.34-0.77-3.302.532.83
Enterprise Value (Cr.) 234.12242.24224.14267.7999.23
EV / Net Operating Revenue (X) 2.492.711.932.061.08
EV / EBITDA (X) 114.96776.92-95.3926.199.97
MarketCap / Net Operating Revenue (X) 2.292.391.711.970.97
Price / BV (X) 11.7810.606.586.522.51
Price / Net Operating Revenue (X) 2.292.391.711.970.97
EarningsYield -0.01-0.04-0.040.010.03

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

LGB Forge Ltd. is a Public Limited Listed company incorporated on 07/06/2006 and has its registered office in the State of Tamil Nadu, India. Company's Corporate Identification Number(CIN) is L27310TZ2006PLC012830 and registration number is 012830. Currently Company is involved in the business activities of Forging, pressing, stamping and roll-forming of metal; powder metallurgy. Company's Total Operating Revenue is Rs. 94.04 Cr. and Equity Capital is Rs. 23.82 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Forgings6/16/13, Krishnarayapuram Road, Coimbatore Tamil Nadu 641006Contact not found
Management
NamePosition Held
Mr. B VijayakumarChairman & Non-Exe.Director
Mrs. Rajsri VijayakumarManaging Director
Mr. A Sampath KumarWhole Time Director
Mr. V RagupathiNon Executive Director
Mr. S GaneshIndependent Director
Mr. C RajaramIndependent Director
Mr. Prem Kumar ParthasarathyIndependent Director
Mr. Sajeev Mathew RajanIndependent Director
Mr. Murugesa Saravana MarthandamIndependent Director

FAQ

What is the intrinsic value of LGB Forge Ltd and is it undervalued?

As of 13 April 2026, LGB Forge Ltd's intrinsic value is ₹1.71, which is 70.67% lower than the current market price of ₹5.83, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (18.2 %), book value (₹0.77), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of LGB Forge Ltd?

LGB Forge Ltd is trading at ₹5.83 as of 13 April 2026, with a FY2026-2027 high of ₹14.0 and low of ₹4.80. The stock is currently near its 52-week low. Market cap stands at ₹139 Cr..

How does LGB Forge Ltd's P/E ratio compare to its industry?

LGB Forge Ltd has a P/E ratio of , which is below the industry average of 63.21. This is broadly in line with or below the industry average.

Is LGB Forge Ltd financially healthy?

Key indicators for LGB Forge Ltd: ROCE of 1.79 % is on the lower side compared to the industry average of 10.63%; ROE of 18.2 % shows strong shareholder returns. Dividend yield is 0.00 %.

Is LGB Forge Ltd profitable and how is the profit trend?

LGB Forge Ltd reported a net profit of ₹-1 Cr in Mar 2025 on revenue of ₹94 Cr. Compared to ₹3 Cr in Mar 2022, the net profit shows a declining trend.

Does LGB Forge Ltd pay dividends?

LGB Forge Ltd has a dividend yield of 0.00 % at the current price of ₹5.83. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in LGB Forge Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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