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Last Updated on: 21 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of LGB Forge Ltd

About the Company - LGB Forge Ltd

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. 130.06 Cr. and Equity Capital is Rs. 23.82 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Forgings6/16/13, Krishnarayapuram Road, Coimbatore Tamil Nadu 641006secretarial@lgbforge.com
http://www.lgbforge.com
Management
NamePosition Held
Mrs. Rajsri VijayakumarManaging Director
Mr. A SampathkumarExecutive Director
Mr. B VijayakumarNon Executive Director
Mr. V RagupathiNon Executive Director
Mr. P ShanmugasundaramIndependent Director
Mr. P V RamakrishnanIndependent Director
Mr. Prem Kumar ParthasarathyIndependent Director
Mr. Sajeev Mathew RajanIndependent Director
Mr. Murugesa Saravana MarthandamIndependent Director

Basic Stock Data of LGB Forge Ltd

Last Updated: June 17, 2024, 8:26 pm

Market Cap 236 Cr.
Current Price 9.90
High / Low14.8/8.37
Stock P/E
Book Value 0.85
Dividend Yield0.00 %
ROCE4.59 %
ROE22.4 %
Face Value 1.00
PEG Ratio0.00

LGB Forge Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales31.2528.9126.8836.3434.6632.1728.0329.8026.0032.3928.5528.7827.95
Expenses27.2426.1924.9932.7732.1030.6027.0731.3428.9632.5729.5228.6628.34
Operating Profit4.012.721.893.572.561.570.96-1.54-2.96-0.18-0.970.12-0.39
OPM %12.83%9.41%7.03%9.82%7.39%4.88%3.42%-5.17%-11.38%-0.56%-3.40%0.42%-1.40%
Other Income0.090.170.340.120.110.080.150.550.280.400.180.270.18
Interest0.460.470.461.010.500.290.480.510.510.660.710.990.90
Depreciation1.161.141.131.121.171.111.381.001.191.221.181.131.12
Profit before tax2.481.280.641.561.000.25-0.75-2.50-4.38-1.66-2.68-1.73-2.23
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 Profit2.481.280.641.551.000.25-0.75-2.51-4.38-1.66-2.68-1.74-2.23
EPS in Rs0.100.050.030.070.040.01-0.03-0.11-0.18-0.07-0.11-0.07-0.09

Last Updated: June 7, 2024, 9:03 am

LGB Forge Ltd Quarterly Chart

LGB Forge Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1271088780888310013210192130116116
Expenses1149780768684981239583120119120
Operating Profit1311742-1296910-3-4
OPM %10%10%8%5%3%-1%2%7%6%10%8%-3%-3%
Other Income22114340111111
Interest10865433532233
Depreciation101084422345555
Profit before tax-5-43-0-2-2-32-133-9-10
Tax %0%0%0%0%0%0%0%0%0%0%0%0%
Net Profit-5-43-0-2-2-32-133-9-10
EPS in Rs-0.22-0.180.13-0.01-0.10-0.09-0.130.09-0.030.140.14-0.39-0.43
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

LGB Forge Ltd Profit & Loss Yearly Chart

LGB Forge Ltd Growth

Compounded Sales Growth
10 Years:1%
5 Years:3%
3 Years:5%
TTM:1%
Compounded Profit Growth
10 Years:-20%
5 Years:%
3 Years:%
TTM:-12%
Stock Price CAGR
10 Years:19%
5 Years:22%
3 Years:40%
1 Year:15%
Return on Equity
10 Years:-12%
5 Years:-1%
3 Years:-2%
Last Year:-27%

Last Updated: May 2, 2024, 9:57 am

LGB Forge Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital10151515151515242424242424
Reserves-10-5-2-4-6-8-1288121662
Borrowings70523632231817111513132730
Other Liabilities19181521242227392432322830
Total Liabilities90806465564647827180858586
Fixed Assets4332191512912252724201818
CWIP0000000000000
Investments0000000000000
Other Assets47474450443734574456656867
Total Assets90806465564647827180858586

LGB Forge Ltd Reserves and Borrowings Chart

LGB Forge Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 12101852411-0542-9
Cash from Investing Activity -225324-6-15-3-2-0-2
Cash from Financing Activity -10-12-23-8-4-8-516-2-2-211
Net Cash Flow-0-0-00-0-0000-000

LGB Forge Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days74871011441136966717713598107
Inventory Days10112815015512417288137140165145174
Days Payable839197166151141135183150231147127
Cash Conversion Cycle9112515413385992025676896154
Working Capital Days6560747974581640579087120
ROCE %7%5%1%3%-1%-11%-1%22%5%11%12%-12%

LGB Forge Ltd Financial Efficiency Indicators Chart

LGB Forge Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters74.17%74.17%73.82%73.82%73.82%73.82%73.83%73.83%73.83%73.82%73.79%73.79%
DIIs0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Public25.82%25.82%26.17%26.17%26.17%26.17%26.17%26.16%26.16%26.17%26.21%26.20%
No. of Shareholders16,72618,42120,47725,17630,29433,55133,25432,48331,93831,57531,40934,083

LGB Forge Ltd Shareholding Pattern Chart

No. of LGB Forge Ltd Shareholders

This stock is not held by any mutual fund

LGB Forge Ltd ROCE Trend

LGB Forge Ltd EPS Trend

LGB Forge Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)-0.41-0.390.140.14-0.03
Diluted EPS (Rs.)-0.41-0.390.140.14-0.03
Cash EPS (Rs.)-0.29-0.180.330.330.15
Book Value[Excl.RevalReserv]/Share (Rs.)0.841.271.651.501.34
Book Value[Incl.RevalReserv]/Share (Rs.)0.841.271.651.501.34
Revenue From Operations / Share (Rs.)3.754.885.463.874.25
PBDIT / Share (Rs.)0.01-0.090.420.410.26
PBIT / Share (Rs.)-0.10-0.290.230.220.07
PBT / Share (Rs.)-0.23-0.390.140.14-0.02
Net Profit / Share (Rs.)-0.41-0.390.140.14-0.02
PBDIT Margin (%)0.34-2.027.8610.806.24
PBIT Margin (%)-2.74-6.144.375.761.87
PBT Margin (%)-6.29-8.002.643.72-0.63
Net Profit Margin (%)-11.03-8.002.643.72-0.63
Return on Networth / Equity (%)-48.92-30.848.759.60-2.00
Return on Capital Employeed (%)-7.17-20.9513.7813.625.11
Return On Assets (%)-12.49-10.924.054.27-0.90
Long Term Debt / Equity (X)0.640.080.000.010.04
Total Debt / Equity (X)1.440.860.290.270.29
Asset Turnover Ratio (%)1.091.371.571.221.32
Current Ratio (X)1.461.291.451.311.24
Quick Ratio (X)0.830.710.830.850.68
Inventory Turnover Ratio (X)1.452.223.232.072.04
Interest Coverage Ratio (X)0.09-1.094.545.292.49
Interest Coverage Ratio (Post Tax) (X)-0.77-3.302.532.830.74
Enterprise Value (Cr.)242.24224.14267.7999.2347.28
EV / Net Operating Revenue (X)2.711.932.061.080.46
EV / EBITDA (X)776.92-95.3926.199.977.49
MarketCap / Net Operating Revenue (X)2.391.711.970.970.37
Price / BV (X)10.606.586.522.511.20
Price / Net Operating Revenue (X)2.391.711.970.970.37
EarningsYield-0.04-0.040.010.03-0.01

LGB Forge Ltd Profitability Ratios (%)

LGB Forge Ltd Liquidity Ratios

LGB Forge Ltd Liquidity Ratios (%)

LGB Forge Ltd Interest Coverage Ratios (%)

LGB Forge Ltd Valuation Ratios

Fair Value

Fair Value: 2.91

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.

Overvalued: 70.57% compared to the current price 9.9

Default values used*: Deafault value of 15 for Stock P/E is used

Intrinsic Value: 2.72

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.

Overvalued: 72.49% compared to the current price ₹9.9

Default values used*: Deafault value of 15 for Stock P/E is used

Last 5 Year EPS CAGR: -6.51%

*Investments are subject to market risks

Strength and Weakness of LGB Forge Ltd Stock

StrengthWeakness
    1. The stock has a low average ROCE of 3.42%, which may not be favorable.
    2. The stock has a high average Working Capital Days of 68.33, which may not be favorable.
    3. The stock has a high average Cash Conversion Cycle of 93.08, which may not be favorable.
    4. The company has higher borrowings (27.46) compared to reserves (0.38), which may suggest financial risk.
    5. The company has not shown consistent growth in sales (104.62) and profit (-1.92).

    FAQ

    What is the latest fair value of LGB Forge Ltd?

    The latest fair value of LGB Forge Ltd is ₹2.91.

    What is the Market Cap of LGB Forge Ltd?

    The Market Cap of LGB Forge Ltd is 236 Cr..

    What is the current Stock Price of LGB Forge Ltd as on 21 June 2024?

    The current stock price of LGB Forge Ltd as on 21 June 2024 is ₹9.90.

    What is the High / Low of LGB Forge Ltd stocks in FY 2024?

    In FY 2024, the High / Low of LGB Forge Ltd stocks is 14.8/8.37.

    What is the Stock P/E of LGB Forge Ltd?

    The Stock P/E of LGB Forge Ltd is .

    What is the Book Value of LGB Forge Ltd?

    The Book Value of LGB Forge Ltd is 0.85.

    What is the Dividend Yield of LGB Forge Ltd?

    The Dividend Yield of LGB Forge Ltd is 0.00 %.

    What is the ROCE of LGB Forge Ltd?

    The ROCE of LGB Forge Ltd is 4.59 %.

    What is the ROE of LGB Forge Ltd?

    The ROE of LGB Forge Ltd is 22.4 %.

    What is the Face Value of LGB Forge Ltd?

    The Face Value of LGB Forge Ltd is 1.00.

    About the Author

    Author Avatar
    Getaka

    Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

    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