LG Balakrishnan & Bros Ltd.

•

lgb.co.inBSE: 500250NSE: LGBBROSLTD

Market Cap₹ 5,456 Cr.

Current Price

High / Low₹ 2,048 / 1,315

Stock P/E17.9

Book Value₹ 681

Price to Book2.49

Dividend Yield1.29 %

ROCE20.2 %

ROE15.4 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2015 • Transmission: 76.3% • Metal Forming: 17.6% • Others: 6.1%

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%

View full sector analysis →

PROS

Company is almost debt free
Company has a healthy return on capital (ROCE) of 21.9%
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.13x)
Company comfortably covers its interest (41.6x coverage)
Working capital cycle has improved - days down from 95 to 67
Company has a consistent dividend-paying track record

CONS

Recurring exceptional / one-off items are inflating headline profit
Expensive relative to growth - PEG of 2.4
Growth is decelerating - 3Y profit CAGR (7.3%) trails the 5Y trend (15.6%)

* 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	164.30	39.59	173409.49	0.37	10756.60	1674.75	352437.70	1066.55	13.63	8.86
2.	BOSCHLTD	48388.75	60.40	142727.94	0.56	706.10	-36.74	5841.90	22.00	25.60	14.08
3.	UNOMINDA	1202.40	57.75	69434.66	0.22	315.51	2.10	5556.85	23.79	20.74	11.14
4.	TIINDIA	2607.25	83.21	50469.14	0.13	293.96	-3.04	6215.33	20.20	27.33	8.81
5.	SONACOMS	788.95	70.76	49240.61	0.43	178.51	46.67	1301.20	52.38	14.75	22.55
6.	ENDURANCE	2696.75	39.11	37933.25	0.43	244.52	8.03	4314.89	30.01	18.33	12.42
7.	CRAFTSMAN	11663.75	65.61	30505.88	0.10	150.55	116.31	2431.58	36.30	14.65	15.81
8.	ZFCVINDIA	2548.90	58.10	29007.88	0.03	1044.78	753.75	10661.76	992.89	20.23	12.93
9.	SANSERA	4130.20	73.97	25773.92	0.10	87.36	38.71	1021.26	33.27	14.29	19.18
10.	MSUMI	36.30	38.37	24072.93	1.60	1453.20	915.51	34072.60	1273.43	43.72	7.58
11.	GABRIEL	1345.45	80.11	23845.41	0.37	108.13	74.48	1425.68	29.80	26.37	11.71
12.	LGBBROSLTD	1710.60	17.11	5455.52	1.29	67.01	0.07	798.76	21.57	20.09	13.28

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	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
	509	573	570	579	538	624	623	606	592	714	734	732	707
	423	472	468	481	449	516	514	506	501	584	606	614	640
Operating Profit	85	101	102	98	89	108	109	100	92	130	129	118	67
OPM %	16.78%	17.64%	17.84%	16.99%	16.60%	17.31%	17.52%	16.43%	15.52%	18.25%	17.51%	16.14%	9.47%
	7	18	14	16	21	17	12	27	23	14	8	16	11
Interest	2	2	2	3	2	2	2	2	2	2	3	3	3
Depreciation	17	17	18	20	20	20	22	23	25	26	28	29	30
Profit before Tax	74	101	96	92	89	103	97	101	89	116	106	102	87
Tax %	25.45%	24.83%	25.18%	27.27%	24.68%	24.47%	24.67%	28.36%	24.64%	27.85%	20.56%	30.21%	24.15%
Net Profit	55	76	72	67	67	78	73	73	67	84	85	71	66
	17.57	24.12	22.84	21.32	21.43	24.37	22.92	22.76	20.95	26.34	26.50	22.27	20.65

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	1,147	1,315	1,582	1,444	1,531	2,008	2,086	2,231	2,391	2,773	2,888
	998	1,132	1,379	1,259	1,270	1,629	1,716	1,844	1,984	2,304	2,444
Operating Profit	150	184	204	186	261	379	370	387	407	470	444
OPM %	13.05%	13.97%	12.86%	12.86%	17.04%	18.85%	17.73%	17.36%	17.01%	16.94%	15.38%
	6	4	15	30	22	32	46	56	78	61	49
Interest	14	11	12	15	10	9	7	8	9	10	10
Depreciation	49	54	64	74	77	77	74	73	85	108	113
Profit before Tax	92	123	143	127	195	325	335	363	391	413	411
Tax %	28.03%	34.75%	32.24%	19.53%	24.18%	26.44%	26.16%	25.67%	25.57%	25.86%	25.77%
Net Profit	66	80	97	102	148	239	248	270	291	306	305
EPS	42.08	25.52	30.79	32.44	47.21	76.17	78.90	85.85	91.14	96.06	—
Dividend Payout %	16.63%	8.82%	16.24%	15.41%	21.18%	19.69%	20.28%	20.97%	21.94%	22.90%	—

COMPOUNDED SALES GROWTH

10 Years:: 10%
5 Years:: 13%
3 Years:: 10%

COMPOUNDED PROFIT GROWTH

10 Years:: 18%
5 Years:: 16%
3 Years:: 7%

STOCK PRICE CAGR

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

RETURN ON EQUITY

10 Years:: 18%
5 Years:: 19%
3 Years:: 17%
Last Year:: 15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	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
	481	543	604	649	838	1,084	1,313	1,571	1,838	2,073
	80	46	166	95	62	91	82	90	106	120
Trade Payables	199	249	241	223	234	249	188	237	252	299
	89	91	100	64	161	200	201	242	254	284
Total Liabilities	864	944	1,143	1,063	1,326	1,656	1,816	2,172	2,482	2,809
	346	358	477	529	492	453	444	506	733	973
Capital Work in Progress	3	26	36	8	4	14	28	32	12	10
	79	67	66	46	96	137	166	245	237	233
	218	241	290	269	288	414	377	364	393	454
	0	0	0	0	0	0	0	280	312	356
Cash & Bank	14	9	9	4	144	289	346	353	395	258
	204	243	266	206	302	350	454	391	400	525
Total Assets	864	944	1,143	1,063	1,326	1,656	1,816	2,172	2,482	2,809

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	157	160	148	238	263	281	387	346	296	339
Cash from Investing	-73	-84	-179	-61	-126	-181	-291	-305	-285	-285
Cash from Financing	-57	-39	83	-150	-34	-15	-58	-43	-9	-51
	8	-4	2	-6	56	3	-48	-2	2	3

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	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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