LG Balakrishnan & Bros Ltd.
Snapshot View

519.20 +33.85 ▲7.0%

27 July 2021, 12:02:00 P.M.
Volume: 69,830

Overview View Details

Sector Automobile & Ancillaries Compare with Sector peers
Industry Auto Ancillary Compare with Industry peers
Website http://www.lgb.co.in
Financial Indicators
Market Cap 1,523.63 Cr.
Earnings per share (EPS) 42.51 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) 11.42 Trailing Twelve Months Ending 2021-03
Industry PE 88.99 Trailing Twelve Months Ending 2021-03
Book Value / Share 224.94 Trailing Twelve Months Ending 2021-03
Price to Book Value 2.16 Calculated using Price: 485.35
Dividend Yield 2.06 Period Ending 2020-03
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
+6.97%
1 Week
+10.96%
1 Month
+13.95%
3 Month
+74.87%
6 Month
+82.69%
1 Year
+128.97%
2 Year
+124.28%
5 Year
+121.60%
9 years 2012-03 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 20.79 13.43 23.22 22.00 16.72 15.87 16.01 15.45 13.14
Return on Capital Employed (%) 22.47 15.98 22.28 22.43 16.91 19.10 21.21 19.70 15.35
Return on Assets (%) 8.06 5.17 9.19 9.08 7.51 8.20 9.02 8.64 7.66

Balance Sheet View Details

Particulars 9 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.
Shh. Funds 233 258 308 365 416 521 585 666 706
Non Curr. Liab. 116 151 143 178 117 117 76 130 121
Curr. Liab. 247 254 289 312 312 293 339 410 301
Minority Int. 5 10 13 15 17 15 15 4
Equity & Liab. 595 668 749 868 860 947 1,015 1,221 1,132
Non Curr. Assets 267 318 375 459 439 498 537 657 634
Curr. Assets 328 351 374 408 421 450 478 564 497
Misc. Exp. not W/O 0 0 0 0
Total Assets 595 668 749 868 860 947 1,015 1,221 1,132

Profit Loss View Details

Particulars 9 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.
Net Sales 913 956 1,109 1,173 1,205 1,259 1,418 1,688 1,543
Other Income 2 4 5 2 4 9 5 3 5
Total Income 914 960 1,113 1,175 1,209 1,267 1,423 1,691 1,548
Total Expenditure -809 -867 -982 -1,031 -1,068 -1,097 -1,222 -1,479 -1,357
PBIDT 105 93 131 144 142 171 201 211 191
Interest -18 -23 -18 -18 -18 -16 -12 -13 -16
Depreciation -29 -30 -33 -39 -46 -53 -58 -68 -79
Taxation -15 -8 -15 -20 -13 -29 -43 -46 -25
Exceptional Items 7 1 12 19
PAT 44 33 65 73 65 74 89 97 90

Cash Flow View Details

Particulars 9 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.
Cash Fr. Operatn. 38 70 96 102 117 150 128 102 203
Cash Fr. Inv. -30 -63 -60 -97 -87 -79 -87 -180 -55
Cash Fr. Finan. -7 -3 -39 -4 -33 -60 -50 81 -154
Net Change 1 5 -4 1 -2 11 -9 2 -5
Cash & Cash Eqvt 5 9 5 6 4 15 6 9 3

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 48.01 48.25 47.73 47.38 47.14 44.07 43.36 43.36 41.98
Public 51.99 51.75 52.27 52.62 52.86 55.93 56.64 56.64 58.02
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 12.18 16.51 16.68 21.99 22.10 20.26 0.00 0.00 0.00

Announcements View Details

Mon, 26 Jul 2021
Announcement under Regulation 30 (LODR)-Newspaper Publication
The Notice of Board Meeting for quarter ended June 30 2021 duly approved by the Board of Directors as published in newspapers in compliance with Regulation 47 of SEBI LODR 2015
Thu, 22 Jul 2021
Board Meeting Intimation for Board Meeting To Consider And Approve The Audited Financial Results For The Quarter Ended 30Th June 2021
L.G.BALAKRISHNAN & BROS.LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 31/07/2021 inter alia to consider and approve Pursuant to Regulation 29 (l)(a) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 we wish to inform you that a meeting of the Board of Directors of the Company is scheduled on Saturday July 31 2021 to inter alia consider and approve the audited financial results (standalone and consolidated) for the quarter ended 30th June 2021.

As intimated to the Stock Exchanges vide our letter LGB/SEC/STK-BM-2021 dated June 29 2021 kindly note that the TRADING WINDOW for dealing in the Companys Securities shall remain closed for all directors/officers/designated employees including their immediate relatives from Thursday July 01 2021 till the expiry of 48 hours after the conclusion of the aforesaid meeting of the Board of Directors.
Wed, 14 Jul 2021
Clarification sought from LG Balakrishnan & Bros Ltd
The Exchange has sought clarification from LG Balakrishnan & Bros Ltd on July 14 2021 with reference to Movement in Volume.

The reply is awaited.

Technical Scans View Details

Mon, 26 Jul 2021
Stock Outperforming Benchmark Index in both 1 Week and 3 Month Stock Outperforming Benchmark Index in both 1 Week and 3 Month
Stock Outperforming Sectoral Index in both 1 Week and 3 Month Stock Outperforming Sectoral Index in both 1 Week and 3 Month
Strongly Outperforming Benchmark Index Strongly Outperforming Benchmark Index
Increasing Relative Strength - Benchmark index Increasing Relative Strength - Benchmark index
Strongly Outperforming Sectoral Index Strongly Outperforming Sectoral Index

Related Stocks View Details

Stock Name Market Cap(Rs. Cr.) LTP Chg %
Maruti Suzuki India Ltd. 218,579.09 7,246.90 +0.2%
Bajaj Auto Ltd. 111,261.62 3,851.65 +0.4%
Tata Motors Ltd. 97,334.82 293.80 +0.2%
Mahindra & Mahindra Ltd. 93,774.01 752.00 -0.3%
Motherson Sumi Systems Ltd. 72,821.96 230.50 -0.1%
Eicher Motors Ltd. 70,028.44 2,570.00 +0.3%
Hero MotoCorp Ltd. 56,145.95 2,820.85 +0.4%
Stock Name Statement TTM Ending Price Earning Ratio(TTM) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2021-03 49.80 7,246.90 +0.2%
Bajaj Auto Ltd. Consolidated 2021-06 19.76 3,851.65 +0.4%
Tata Motors Ltd. Consolidated 2021-03 0.00 293.80 +0.2%
Mahindra & Mahindra Ltd. Consolidated 2021-03 51.74 752.00 -0.3%
Motherson Sumi Systems Ltd. Consolidated 2021-03 70.08 230.50 -0.1%
Eicher Motors Ltd. Consolidated 2021-03 51.99 2,570.00 +0.3%
Hero MotoCorp Ltd. Consolidated 2021-03 19.24 2,820.85 +0.4%
Stock Name Statement TTM Ending Price To Book Value(TTM) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2021-03 4.16 7,246.90 +0.2%
Bajaj Auto Ltd. Consolidated 2021-06 3.93 3,851.65 +0.4%
Tata Motors Ltd. Consolidated 2021-03 1.77 293.80 +0.2%
Mahindra & Mahindra Ltd. Consolidated 2021-03 2.27 752.00 -0.3%
Motherson Sumi Systems Ltd. Consolidated 2021-03 6.24 230.50 -0.1%
Eicher Motors Ltd. Consolidated 2021-03 6.12 2,570.00 +0.3%
Hero MotoCorp Ltd. Consolidated 2021-03 3.65 2,820.85 +0.4%
Stock Name Statement Year Ending Debt Equity Ratio LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2020-03 0.00 7,246.90 +0.2%
Bajaj Auto Ltd. Consolidated 2021-03 0.00 3,851.65 +0.4%
Tata Motors Ltd. Consolidated 2021-03 2.46 293.80 +0.2%
Mahindra & Mahindra Ltd. Consolidated 2021-03 1.95 752.00 -0.3%
Motherson Sumi Systems Ltd. Consolidated 2020-03 1.13 230.50 -0.1%
Eicher Motors Ltd. Consolidated 2020-03 0.01 2,570.00 +0.3%
Hero MotoCorp Ltd. Consolidated 2021-03 0.02 2,820.85 +0.4%
Stock Name Statement Year Ending Return On Equity(%) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2020-03 11.52 7,246.90 +0.2%
Bajaj Auto Ltd. Consolidated 2021-03 18.60 3,851.65 +0.4%
Tata Motors Ltd. Consolidated 2021-03 -22.17 293.80 +0.2%
Mahindra & Mahindra Ltd. Consolidated 2021-03 0.57 752.00 -0.3%
Motherson Sumi Systems Ltd. Consolidated 2020-03 11.98 230.50 -0.1%
Eicher Motors Ltd. Consolidated 2020-03 19.13 2,570.00 +0.3%
Hero MotoCorp Ltd. Consolidated 2021-03 20.03 2,820.85 +0.4%
Stock Name Statement Year Ending Return On Capital Employed(%) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2020-03 14.71 7,246.90 +0.2%
Bajaj Auto Ltd. Consolidated 2021-03 24.16 3,851.65 +0.4%
Tata Motors Ltd. Consolidated 2021-03 -1.27 293.80 +0.2%
Mahindra & Mahindra Ltd. Consolidated 2021-03 6.52 752.00 -0.3%
Motherson Sumi Systems Ltd. Consolidated 2020-03 12.08 230.50 -0.1%
Eicher Motors Ltd. Consolidated 2020-03 24.36 2,570.00 +0.3%
Hero MotoCorp Ltd. Consolidated 2021-03 25.96 2,820.85 +0.4%
Stock Name Statement Year Ending Net Sales(Rs. Cr.) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2020-03 75,660.00 7,246.90 +0.2%
Bajaj Auto Ltd. Consolidated 2021-03 27,741.08 3,851.65 +0.4%
Tata Motors Ltd. Consolidated 2021-03 249,794.75 293.80 +0.2%
Mahindra & Mahindra Ltd. Consolidated 2021-03 89,026.76 752.00 -0.3%
Motherson Sumi Systems Ltd. Consolidated 2020-03 63,536.80 230.50 -0.1%
Eicher Motors Ltd. Consolidated 2020-03 9,153.58 2,570.00 +0.3%
Hero MotoCorp Ltd. Consolidated 2021-03 30,959.19 2,820.85 +0.4%
Stock Name Statement Year Ending Profit After Tax(Rs. Cr.) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2020-03 5,559.20 7,246.90 +0.2%
Bajaj Auto Ltd. Consolidated 2021-03 4,550.70 3,851.65 +0.4%
Tata Motors Ltd. Consolidated 2021-03 -13,016.14 293.80 +0.2%
Mahindra & Mahindra Ltd. Consolidated 2021-03 230.44 752.00 -0.3%
Motherson Sumi Systems Ltd. Consolidated 2020-03 1,237.00 230.50 -0.1%
Eicher Motors Ltd. Consolidated 2020-03 1,795.73 2,570.00 +0.3%
Hero MotoCorp Ltd. Consolidated 2021-03 2,982.61 2,820.85 +0.4%