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Swing Capital

L G Balakrishnan & Bros Ltd

NSE: LGBBROSLTD BSE: 500250Metal

L.G. Balakrishnan & Bros Ltd is a major manufacturer of chains, sprockets and metal formed parts for automotive applications. Its business segments include transmission, metal forming and others.[1]

₹1,549
52W: ₹1208 — ₹2097
PE 16.2 · Book ₹660 · +135% vs book
Market Cap₹4,939 Cr
Stock P/E16.2Price to Earnings
ROCE19.9%Return on Capital
ROE15.3%Return on Equity
Div. Yield1.31%Face Value ₹10

Strengths

  • +Company is almost debt free.
  • +Company has been maintaining a healthy dividend payout of 21.9%

Weaknesses

  • −Promoter holding is low: 34.8%

Shareholding Pattern

Promoters34.83%
FIIs6.61%
DIIs13.35%
Public45.21%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters33.76%34.8%▲1.034.8%34.8%34.8%34.82%▲0.034.82%34.83%▲0.0
FIIs7.46%6.45%▼1.06.05%▼0.45.92%▼0.15.96%▲0.05.85%▼0.16.99%▲1.16.61%▼0.4
DIIs14.31%14.43%▲0.113.94%▼0.513.87%▼0.113.74%▼0.113.47%▼0.312.88%▼0.613.35%▲0.5
Public44.46%44.33%▼0.145.2%▲0.945.4%▲0.245.49%▲0.145.86%▲0.445.3%▼0.645.21%▼0.1

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales570579538624623606592714734732
Expenses468481449516514506501584606614
Operating Profit102988910810910092130129118
OPM %18%17%17%17%18%16%16%18%18%16%
Net Profit72676778737367848571
EPS ₹22.8421.3221.4324.3722.9222.7520.9526.3426.522.27

AI Insights

Revenue Trend

Mar 2026 revenue at ₹2,773Cr, up 16% YoY. OPM at 17%.

Debt Position

Borrowings at ₹141Cr. Debt-to-equity ratio: 0.07x. Healthy balance sheet.

Capex Cycle

CWIP at ₹10Cr (1% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 13.35% (+0.62pp change). FIIs: 6.61% (-2.16pp change). Promoters hold 34.83%.

Margin & Efficiency

ROCE improving from 20% (Mar 2015) to 20% (Mar 2026). Working capital days: 33.

Valuation

PE 16.2x with 19.9% ROCE. Price is 135% above book value of ₹660. Dividend yield: 1.31%.

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