LG Balakrishnan & Bros Ltd.

•

lgb.co.inBSE: 500250NSE: LGBBROSLTD

Market Cap₹ 5,488 Cr.

Current Price

High / Low₹ 2,048 / 1,315

Stock P/E17.2

Book Value₹ 696

Price to Book2.44

Dividend Yield1.28 %

ROCE20.1 %

ROE15.7 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Transmission: 75.1% • Metal Forming: 24.9%

AI Sector View

AI GENERATED

Automobile and Auto Components

Buy

Domestic auto demand remains strong across categories, with total vehicles registered up 27% YoY (2026-07), passenger vehicle sales up 14% YoY (2026-06), 2-wheelers up 23% YoY (2026-06), and tractor sales up 18% YoY (2026-07). Core demand is reinforced by vehicle sales of 395199 units (Jul/26) and car registrations of 457810 units (Jul/26), outweighing FPI outflows of INR -11826 crore over 3 months to 2026-08-31. The stance stays positive because fundamentals are stronger than positioning.

Confidence

74%

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PROS

Company is almost debt free
Company has a healthy return on capital (ROCE) of 21.6%
Company has consistently been profitable over the last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.08x)
Working capital cycle has improved - days down from 97 to 66
Company comfortably covers its interest (27.7x coverage)

CONS

Recurring exceptional / one-off items are inflating headline profit
Total debt has risen sharply - up 31.6% year on year
Growth is decelerating - 3Y profit CAGR (8.1%) trails the 5Y trend (19.1%)
Expensive relative to growth - PEG of 2.1

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Automobile and Auto ComponentsAutomobile & AncillariesAuto Ancillary

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	MOTHERSON	164.00	39.52	173092.86	0.37	10756.60	1674.75	352437.70	1066.55	13.63	8.86
2.	BOSCHLTD	48602.60	60.66	143358.71	0.56	706.10	-36.74	5841.90	22.00	25.60	14.08
3.	UNOMINDA	1223.50	58.77	70653.11	0.22	315.51	2.10	5556.85	23.79	20.74	11.14
4.	TIINDIA	2650.00	84.58	51296.66	0.13	293.96	-3.04	6215.33	20.20	27.33	8.81
5.	SONACOMS	803.10	72.02	50123.75	0.42	178.51	46.67	1301.20	52.38	14.75	22.55
6.	ENDURANCE	2716.60	39.40	38212.47	0.42	244.52	8.03	4314.89	30.01	18.33	12.42
7.	CRAFTSMAN	11852.65	66.68	30999.93	0.09	150.55	116.31	2431.58	36.30	14.65	15.81
8.	ZFCVINDIA	2528.05	57.63	28770.60	0.03	1044.78	753.75	10661.76	992.89	20.23	12.93
9.	SANSERA	4107.40	73.56	25631.64	0.10	87.36	38.71	1021.26	33.27	14.29	19.18
10.	MSUMI	36.32	38.39	24086.20	1.60	1453.20	915.51	34072.60	1273.43	43.72	7.58
11.	GABRIEL	1340.50	79.82	23757.68	0.37	108.13	74.48	1425.68	29.80	26.37	11.71
12.	LGBBROSLTD	1720.85	17.21	5488.21	1.28	67.01	0.07	798.76	21.57	20.09	13.28

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	539	600	600	607	571	661	677	669	657	787	817	815	799
	452	496	494	506	482	551	563	567	560	650	682	699	731
Operating Profit	87	104	107	101	89	110	114	102	97	137	135	116	68
OPM %	16.15%	17.28%	17.74%	16.64%	15.61%	16.64%	16.79%	15.25%	14.78%	17.35%	16.49%	14.17%	8.48%
	7	17	12	16	21	17	12	28	24	15	9	24	12
Interest	2	2	2	3	2	2	2	3	3	4	4	4	5
Depreciation	18	18	20	21	21	22	24	25	26	28	30	32	33
Profit before Tax	74	101	97	93	87	103	99	102	91	120	110	103	89
Tax %	25.35%	24.99%	24.91%	27.01%	25.26%	24.59%	24.13%	17.66%	26.57%	22.15%	19.27%	32.58%	24.53%
Net Profit	0	0	0	0	65	78	75	84	67	94	88	70	67
	17.66	24.05	23.11	21.62	20.78	24.31	23.61	26.35	21.00	29.36	27.73	21.86	21.01

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	1,259	1,418	1,688	1,543	1,609	2,102	2,203	2,346	2,578	3,076	3,217
	1,097	1,222	1,479	1,357	1,357	1,713	1,822	1,951	2,162	2,591	2,763
Operating Profit	162	196	209	186	252	389	381	395	416	485	454
OPM %	12.86%	13.79%	12.35%	12.07%	15.69%	18.52%	17.31%	16.85%	16.14%	15.76%	14.12%
	10	5	15	24	22	35	46	56	78	71	60
Interest	16	12	13	16	11	9	8	9	11	16	17
Depreciation	53	58	68	79	83	83	79	78	92	115	122
Profit before Tax	103	131	143	115	180	332	340	365	391	424	422
Tax %	28.24%	32.52%	32.25%	21.52%	26.25%	25.91%	25.85%	25.56%	22.82%	24.90%	24.46%
Net Profit	74	89	97	90	133	246	252	271	302	319	319
EPS	45.22	27.41	31.72	29.19	42.51	78.20	80.25	86.44	94.73	99.95	—
Dividend Payout %	15.48%	8.21%	15.76%	17.13%	23.52%	19.18%	19.94%	20.82%	21.11%	22.01%	—

COMPOUNDED SALES GROWTH

10 Years:: 10%
5 Years:: 14%
3 Years:: 12%

COMPOUNDED PROFIT GROWTH

10 Years:: 18%
5 Years:: 19%
3 Years:: 8%

STOCK PRICE CAGR

10 Years:: 21%
5 Years:: 33%
3 Years:: 19%
1 Year:: 27%

RETURN ON EQUITY

10 Years:: 17%
5 Years:: 19%
3 Years:: 17%
Last Year:: 16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	16	16	31	31	31	31	31	31	32	32
Minority Interest	17	15	15	4	2	2	2	3	3	3
	505	570	635	675	848	1,101	1,334	1,594	1,873	2,122
	97	55	178	106	72	100	93	104	147	206
Trade Payables	214	260	258	247	260	275	210	258	286	348
	98	100	105	68	165	203	202	247	251	285
Total Liabilities	947	1,015	1,221	1,132	1,378	1,713	1,873	2,237	2,590	2,995
	396	413	531	584	541	499	487	572	812	1,098
Capital Work in Progress	14	27	37	9	6	15	32	47	22	30
	60	54	55	20	63	104	134	176	153	140
	231	253	307	290	301	436	400	389	432	514
	0	0	0	0	0	0	0	300	341	405
Cash & Bank	19	9	10	5	146	291	348	360	422	264
	228	258	282	224	320	369	473	392	407	543
Total Assets	947	1,015	1,221	1,132	1,378	1,713	1,873	2,237	2,590	2,995

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	170	170	152	236	257	285	390	343	288	332
Cash from Investing	-78	-87	-180	-55	-121	-182	-295	-299	-311	-280
Cash from Financing	-60	-50	81	-154	-33	-19	-58	-40	18	-43
	11	-9	2	-5	57	2	-48	3	-4	9

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	33.76	34.80	34.80	34.80	34.80	34.82	34.82	34.83	34.83
	7.46	6.45	6.05	5.92	5.96	5.85	6.99	6.61	6.42
	14.31	14.43	13.94	13.87	13.74	13.47	12.88	13.35	13.46
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	44.46	44.33	45.20	45.40	45.49	45.86	45.30	45.21	45.28

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-04

Copy of Newspaper Publication

2026-09-04 - LG Balakrishnan & Bros Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-27

Shareholders meeting

2026-08-27 - LG Balakrishnan & Bros Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 26, 2026. Further, the company has informed the Exchange regarding voting results.

2026-08-26

Shareholders meeting

2026-08-26 - LG Balakrishnan & Bros Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 26, 2026

2026-08-13

Copy of Newspaper Publication

2026-08-13 - LG Balakrishnan & Bros Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-01

Copy of Newspaper Publication

2026-08-01 - LG Balakrishnan & Bros Limited has informed the Exchange about Copy of Newspaper Publication

2026-07-31

Updates

2026-07-31 - LG Balakrishnan & Bros Limited has informed the Exchange regarding 'Financial Results & Outcome'.

2026-07-31

Outcome of Board Meeting

2026-07-31 - LG Balakrishnan & Bros Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

2026-07-31

Copy of Newspaper Publication

2026-07-31 - LG Balakrishnan & Bros Limited has informed the Exchange about Copy of Newspaper Publication

2026-07-30

General Updates

2026-07-30 - LG Balakrishnan & Bros Limited has informed the Exchange about General Updates

News

Recent coverage and analyst commentary for LGBBROSLTD

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