LG Balakrishnan & Bros Ltd.
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553.30 +6.45 ▲1.2%

20 May 2022, 04:01:00 PM
Volume: 5,493

Overview View Details

Sector Automobile & Ancillaries Compare with Sector peers
Industry Auto Ancillary Compare with Industry peers
Website http://www.lgb.co.in
Market Cap 1,746.99 Cr.
Enterprise Value(EV) 1,540.35 Cr. 2022-03
Financial Indicators
Earnings per share (EPS) 78.20 Trailing Twelve Months Ending 2022-03
Price-Earning Ratio (PE) 7.08 Trailing Twelve Months Ending 2022-03
Industry PE 42.22 Trailing Twelve Months Ending 2022-03
Book Value / Share 280.13 Trailing Twelve Months Ending 2022-03
Price to Book Value 1.98 Calculated using Price: 553.30
Dividend Yield 2.70 Period Ending 2021-03
No. of Shares Subscribed 3.14 Cr. 31,392,416 Shares
FaceValue 10
Company Profile

L G Balakrishnan & Bros. (LGB), one of the leading companies in South India, was established way back in 1937. Started as a transport operator, the company entered into manufacturing in 1966 when timing chain manufacturing operations were taken up. Since then the company has come a long way, keeping in pace with the technological advancements and has grown into India's leading roller chain manufacturer. The company today stands proud as the premier manufacturer of both automotive and industrial chains under the popular brand name ‘ROLON’. LGB is now surging ahead to become a metal forming company concentrating on hot, warm & cold forging, blanking, fine blanking & precision machined parts.

Milestones

  • 1937: Fleet operator bus body building
  • 1960: chain manufacturing plant
  • 1970: Steel strips and wire rods
  • 1980: Fine product division
  • 1981: Tyre retreading
  • 1982: Commercial tooling division
  • 1985: Instrumentation division
  • 1990: Manufacturer of cols Forge rollers
  • 1993: Rubber belt division
  • 1994: Aluminum bus bodies division
  • 1995: Textile division
  • 2000: Cold forging division
  • 2003: Hot forging division 
  • 2006: LGB Bosh plant for CRDI components

Major Products:

Transmission Products: Chains, Sprockets, Tensioners, Belts

Metal Forming:    Fine Blanking, Forging, Machined Components, Wire Drawing

Achievements

  • LGB has become the first Indian Company to supply timing chains to 4-wheeler OEMs in India and is the largest exporter to the US
  • During the late 1980s, LGB entered into a technical know-how agreement with Daido Kogyo, Japan to become the leading supplier of drive chains and cam chains to all 2-Wheeler OEMs in India. 
  • LGB has become the No. 1 OEM supplier of drive chains with 70% market share, around 50% in the replacement market.  
  • LGB also makes industrial chains. These chains are known for their Quality and used in various applications. LGB is the leading player in the Indian market and exports about $5 Million to US and Europe, annually. 
  • LGB acquired fine blanking technology in mid 80s for manufacturing chain plates. It further extended its fine blanking division as a separate manufacturing during the late 90s, to cater to high OEM demands for Fine Blanked components. 
  • In late 1990, a new chapter began in LGB’s history of engineered manufacturing. It graduated to being a manufacturer of forged parts inculcating the sound technical stability it had in its chains. Today, LGB makes hot, warm & cold forgings for all 2-wheeler OEMs in the country and abroad. 
  • LGB is a leading fine blanking manufacturer having about 15 presses in operation. 
  • LGB’s turnover has crossed the landmark of $100 million in 2005-2006 which is inclusive of exports to the US and Europe. 
  • LGB has been accredited with ISO 9001 by UL, US and further has TS16949 , ISO 14001, API & Export House Certifications.

Certification

  • Vaiyampalayam Plant - ISO / TS 16949 Fine Products / Ganapathy - ISO / TS 16949
  • Gudalur Plant - API Two Star Export House
  • Annur Plant - ISO / TS 16949
  • Gudalur Plant - ISO 9001: 2000 Vaiyampalayam / Annur - ISO 9001: 2000
  • Fine Products / Ganapathy - ISO 9001: 2000 Cold Forgings Division - ISO 9001: 2000 
  • Forging Division - ISO 9001: 2000 Forging Division - ISO 9001: 2000 

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+1.18%
1 Week
-0.14%
1 Month
-9.47%
3 Month
-12.04%
6 Month
+8.63%
1 Year
+82.25%
2 Year
+187.20%
5 Year
+62.23%
10 Year
+663.17%

Ratios View Details

9 years 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03 2021-03
Return on Equity (%) 13.43 23.22 22.00 16.72 15.87 16.01 15.45 13.14 16.76
Return on Capital Employed (%) 15.98 22.28 22.43 16.91 19.10 21.21 19.70 15.35 21.53
Return on Assets (%) 5.17 9.19 9.08 7.51 8.20 9.02 8.64 7.66 10.67

Balance Sheet View Details

Particulars 10 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2022-03* Rs. Cr.
Shh. Funds 258 308 365 416 521 585 666 706 879 1,132
Non Curr. Liab. 151 143 178 117 117 76 130 121 57 60
Curr. Liab. 254 289 312 312 293 339 410 301 419 515
Minority Int. 5 10 13 15 17 15 15 4 2 2
Equity & Liab. 668 749 868 860 947 1,015 1,221 1,132 1,357 1,709
Non Curr. Assets 318 375 459 439 498 537 657 634 646 655
Curr. Assets 351 374 408 421 450 478 564 497 712 1,053
Misc. Exp. not W/O 0 0 0 0
Total Assets 668 749 868 860 947 1,015 1,221 1,132 1,357 1,709

Profit Loss View Details

Particulars 10 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2022-03 Rs. Cr. TTM
Net Sales 956 1,109 1,173 1,205 1,259 1,418 1,688 1,543 1,609 2,102
Other Income 4 5 2 4 9 5 3 5 8 12
Total Income 960 1,113 1,175 1,209 1,267 1,423 1,691 1,548 1,617 2,114
Total Expenditure -867 -982 -1,031 -1,068 -1,097 -1,222 -1,479 -1,357 -1,357 -1,714
PBIDT 93 131 144 142 171 201 211 191 261 401
Interest -23 -18 -18 -18 -16 -12 -13 -16 -11 -8
Depreciation -30 -33 -39 -46 -53 -58 -68 -79 -83 -83
Taxation -8 -15 -20 -13 -29 -43 -46 -25 -47 -86
Exceptional Items 7 1 12 19 14 23
PAT 33 65 73 65 74 89 97 90 133 246
Minority Interest 0 -3 -3 -2 -4 -3 0 0 1 0
Share Associate 1 1 1 1 1 3 1
Other Related Items
Consolidated Net Profit 33 63 71 64 71 86 100 92 133 245
Adjusted EPS 10 20 23 20 23 27 32 29 43 78

Cash Flow View Details

Particulars 10 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Cash Fr. Operatn. 38 70 96 102 117 150 128 102 203 226
Cash Fr. Inv. -30 -63 -60 -97 -87 -79 -87 -180 -55 -110
Cash Fr. Finan. -7 -3 -39 -4 -33 -60 -50 81 -154 -60
Net Change 1 5 -4 1 -2 11 -9 2 -5 57
Cash & Cash Eqvt 5 9 5 6 4 15 6 9 3 60

Shareholding Pattern View Details

9 Qtrs 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%) 2021-09 (%) 2021-12 (%) 2022-03 (%)
Promoter 47.38 47.14 44.07 43.36 43.36 41.98 40.05 34.32 34.32
Public 52.62 52.86 55.93 56.64 56.64 58.02 59.95 65.68 65.68
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 21.99 22.10 20.26 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Sat, 14 May 2022
Disclosure Of Related Party Transactions Pursuant To Regulation 23(9) Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015
Pursuant to Regulation 23(9) of the SEBI Listing Regulations please find enclosed herewith disclosures of related party transactions on consolidated basis in the revised format as prescribed by SEBI Circular No. SEBI/HO/CFD/CMD1/CIR/P/2021/662 dated 22 November 2021 for the half year ended commencing from 01 October 2021 to 31 March 2022.
Thu, 12 May 2022
Format Of The Annual Disclosure To Be Made By An Entity Identified As A LC - Annexure B2
Pursuant to SEBI Circular no. SEBI/ HO/DDHS/CIR/P/2018/144 dated November 26 2018 we hereby confirm that the Company does not fulfil the criteria as specified at para 2.2 of the aforesaid SEBI Circular and therefore the Company shall not be considered as a Large Corporate for the Financial Year ended March 31 2022.
Thu, 12 May 2022
Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2
Format of the Annual Disclosure to be made by an entity identified as a Large Corporate.

Sr. No. Particulars Details
1 Name of Company L.G.BALAKRISHNAN & BROS.LTD.
2 CIN NO. L29191TZ1956PLC000257
3 Report filed for FY 2021-2022
Details of the Current block (all figures in Rs crore):
4 2 - year block period (Specify financial years)* 2022-2022 2022-2023
5 Incremental borrowing done in FY (T)(a) 0.00
6 Mandatory borrowing to be done through debt securities in FY (T) (b) = (25% of a) 0.00
7 Actual borrowing done through debt securities in FY (T)(c) 0.00
8 Shortfall in the borrowing through debt securities if any for FY (T - 1) carried forward to FY (T) (d) 0
8Quantum of (d) which has been met from (c)(e)* 0
9 Shortfall if any in the mandatory borrowing through debt securities for FY (T) { after adjusting for any shortfall in borrowing for FY(T - 1) which was carried forward to FY(T)}(f) = (b) - [(c) - (e)]{ If the calculated value is zero or negative write nil}* NIL


Details of penalty to be paid if any in respect to previous block (all figures in Rs crore):
2 - year Block period (Specify financial years)2020-2021 2021-2022
Amount of fine to be paid for the block if applicable Fine = 0.2% of {(d) - (e)}#0.00



Name of the Company Secretary :-M LAKSHMIKANTH JOSHI
Designation :-SENIOR GENERAL MANAGER LEGAL AND COMPANY SECRETARY
Name of the Chief Financial Officer :- N RENGARAJ
Designation : -CHIEF FINANCIAL OFFICER

Date: 12/05/2022

Technical Scans View Details

Fri, 20 May 2022
High Decrease 1 Month High Decrease 1 Month
High Decrease 3 Months High Decrease 3 Months
High Increase 1 Year High Increase 1 Year
High Increase 2 Years High Increase 2 Years
Close Crossing 200 SMA From Below Close Crossing 200 SMA From Below

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