L G Balakrishnan & Bros Ltd

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NSEBSE

1154.15-35.40 (-2.98%)

03:49 PM,4th Mar 2024

1156.00-35.50 (-2.98%)

04:01 PM,4th Mar 2024

BSE : 500250

NSE : LGBBROSLTD

Sector : Auto

ISIN Code : INE337A01034

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Last Updated: Mar 04 2024 | 04:01 PM IST

Market Cap (₹ Cr)

3622

Turnover (₹ Cr)

0.31

Volume (Shares)

26744

Face Value

10

52-WK High

1425.00

52-WK High Date

12 Jan 2024

52-WK Low

702.00

52-WK Low Date

14 Mar 2023

All Time High

1425.00

All Time High Date

12 Jan 2024

All Time Low

3.27

All Time Low Date

27 Sep 2001

L G Balakrishnan & Bros Ltd

L.G. Balakrishnan & Bros Limited (LGB) was established in 1937 as a transport Company and has evolved today as major manufacturer of chains sprockets and metal formed parts for automotive applications. The Company is presently promoted by B. Vijayakumar. Its business segments include transmission and metal forming. Its transmission products include chains sprockets tensioners belts and brake shoe. It offers metal forming products consisting of fine blanking for precision sheet metal parts machined components and wire drawing products for internal use as well as for other chain manufacturing plants spring steel suppliers and umbrella manufacturers. The Company's products are marketed under the Rolon brand. It has manufacturing units spread across Tamil Nadu Pondicherry Maharashtra Uttarakhand Karnataka Haryana and Rajasthan.The Company has installed 22 number of windmills with a total rated capacity of 7.16 MW. The total number of units of energy generated from these windmills was around 96.58 lakhs units which were used for captive consumption. Further it installed Roof Top Solar system at one of Coimbatore plant with capacity of 1.45 MW and Gudalur plant with capacity of 0.8 MW & Jalna plant with capacity of 0.83 MW and 3 number of ON GRID ground mounted solar power plants for a rated capacity of 100 KW each. Total installedrated capacity of solar system is 3.37 MW. The number of units generated through this solar system was around 42.29 lakhs units which were used for captive consumption.The company made a rights issue in July 1994 in 1:2 ratio and a bonus issue in the ratio of 1:3 was made in November 1994. The company received ISO 9001 Certification from Det Norske Veritas Germany in 1993-94.The company has five chain manufacturing plants all ISO 9001 certified by Underwriters Laboratories Inc. USA. Three of the manufacturing facilities along with the central functions have been registered to ISO/TS 16949 by UL USA.utomotive and industrial chains under the popular brand name 'ROLON'. The company is the first chain manufacturer in India to be awarded the ISO 9001 Certification.The company installed a 1.125 MW wind energy farm comprising five wind mills in 1994-95 During 1997-98 the company took over the operations of Steel Division of M/s Elgi Automotive Services Ltd based at Karur and Wire flattening division of M/s L.G.B. Auto Products located at Karur. Effective from 1st April 1997 M/s LGB Industries was amalgamated with the companyApten forgings pvt ltd a Bangalore bsed company became subsidiary with effect from 03.07.2003.During 2004-2005 by virtue of scheme of amalgamation approved by the shareholders at the Extraordinary Meeting held on 07-03.-2005 and the High Court of Judicature Madras vide its order no.3406/05 dated 25-04-2005 the companies wholly owned subsidiary company Apten Forgings Ltd merged with the company.The company also acquired the operations of M/s MGM Industries and Swathe Gears and Heat Treaters Mysore based frims with effect from 01-06-2004. The acquired divisions are engaged in manufacture of hot forging components.The company acquired shares in LGB Textiles and subsequently the company became wholly owned subsidiary of the company.The company has set up a new facility for manufacture of cold forgings at K. Palayam during the period 2004-2005The company has disposed of whole or substantially the whole of the undertaking of Textile Division Motor Sales & Service Divisions Bus Body Division Motor Sports Division Engineering Division Power Tools Division Distribution Division of Mico Blaupunkt Elf products and Pre-cured Re-treading operation during the year 2004-2005 with the consent of the shareholders obtained in the AGM held on 28-07-2004.During 2005-2006 A Letter of Offer for subscription in equity shares of Rs.10/- each at a premium of Rs.25/- aggregating an amount not exceeding Rs.10 crores is received from LGB Textiles Ltd. The Directors of the company explained the the companies inability to subscribe to the offer at present owing to the proposed expansion programmes ahead. Hence it is proposed to renounce the rights in favour of any willing investors at the best possible premium if any for such renuncation.The Company set up a new manufacturing plant in Pantnagar Uttarakhand State in 2007. During the year 2007 the Company madePreferential Allotment of 5532714 Equity Shares of Re.1 /- each to International Finance Corporation Washington (IFC) a Subsidiary ofWorld Bank. It disposed the investment held in their erstwhile wholly owned subsidiary namely LGB Textiles Limited through Share Purchase Agreement for a consideration of Rs. 19.92 Crores which resulted a profit of Rs.9.20 Crores to the Company.During the year 2008 the Forging Divisions of the Company was demerged into separate Company namely LGB Forge Limited w.e.f. April 01 2008 the Appointed Date. Hon'ble High Courts of Madras had sanctioned the Scheme vide their Orders dated April 21 2008. During year 2009 Company incorporated a joint venture Company namely Renold Chain India Private Limited under Shareholders' Agreement entered into with Renold Pic a United Kingdom-based Company. M/s. BCW V Tech India Private Limited became a wholly owned subsidiary of the Company in which it held 100% of the Equity Shares as on 31st March 2012. The Company's Foreign subsidiary LGB USA. INC USA acquired 100% stake in GFM Corporation USA which specializes in manufacturing of Precision Metal Stampings.The Hon'ble National Company Law Tribunal Chennai Bench (NCLT) vide its order dated July 13 2018 sanctioned the Scheme of Amalgamation of M/s. BCW V Tech India Private Limited with M/s. L.G. Balakrishnnan & Bros Limited (Tranferee Company) with effect from the Appointed date April 1 2017. The said order of the Scheme filed with the Registrar of Companies Coimbatore came into effect on July 27 2018.

L G Balakrishnan & Bros Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

3622

EPS - TTM (₹) [S]

80.27

P/E Ratio (X) [S]

2.50

Face Value (₹) 10
Latest Dividend (%)160.00
Latest Dividend Date 18 Sep 2023
Dividend Yield (%) 1.38
Book Value Share (₹) [S]461.64
P/B Ratio (₹) [S]2.50
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)
Groww Nifty Total Market Index Fund-Regular (G) 0.02 130 0.02
Groww Nifty Total Market Index Fund-Direct (G) 0.02 130 0.02

Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High

1150.05

1195.50

Week Low/High

1119.35

1200.00

Month Low/High

1119.35

1306.00

Year Low/High

702.00

1425.00

All time Low/High

3.25

1425.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week-2.24%-2.16%1.491.28%
1 Month-9.13%-9.22%2.482.52%
3 Month-2.48%-2.35%7.278.31%
6 Month7.19%7.13%12.5614.73%
1 Year63.97%64.40%23.5127.35%
3 Year253.49%252.20%45.2948.57%

Company Info

Company Information

Chairman / Executive Director : B Vijayakumar

Executive Director & MD : P Prabakaran

WTD & Executive Director : Rajiv Parthasarathy

Non Executive Director : Rajsri Vijayakumar

Non-Exec & Non-Independent Dir : S Sivakumar

Independent Non Exe. Director : Kanchana Manavalan

Independent Non Exe. Director : V Govindarajulu

Independent Non Exe. Director : P Shanmugasundaram

Independent Non Exe. Director : R Vidhya Shankar

Independent Non Exe. Director : G D Rajkumar

Independent Non Exe. Director : Vinay Balaji Naidu

Registered Office: 6/16/13 Krishnarayapuram Road, Ganapathy,Coimbatore,Tamil Nadu-641006 Ph: 91-0422-2532325

Email:info@igb.co.in

URL:http://www.lgb.co.in