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LGBF

LGB Forge NSEI:LGBFORGE Stock Report

Last Price

₹8.90

Market Cap

₹2.1b

7D

-1.7%

1Y

17.9%

Updated

24 Jun, 2022

Data

Company Financials
LGBFORGE fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance2/6
Financial Health4/6
Dividends0/6

LGBFORGE Stock Overview

LGB Forge Limited manufactures and sells forged and machined components in India and internationally.

LGB Forge Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for LGB Forge
Historical stock prices
Current Share Price₹8.90
52 Week High₹23.70
52 Week Low₹5.90
Beta1.31
1 Month Change-27.64%
3 Month Change-22.94%
1 Year Change17.88%
3 Year Change102.27%
5 Year Change140.54%
Change since IPO64.82%

Recent News & Updates

Jun 08
We Think LGB Forge (NSE:LGBFORGE) Can Stay On Top Of Its Debt

We Think LGB Forge (NSE:LGBFORGE) Can Stay On Top Of Its Debt

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

May 08
LGB Forge Limited (NSE:LGBFORGE) Shares Slammed 28% But Getting In Cheap Might Be Difficult Regardless

LGB Forge Limited (NSE:LGBFORGE) Shares Slammed 28% But Getting In Cheap Might Be Difficult Regardless

LGB Forge Limited ( NSE:LGBFORGE ) shareholders that were waiting for something to happen have been dealt a blow with a...

Shareholder Returns

LGBFORGEIN MachineryIN Market
7D-1.7%2.2%2.3%
1Y17.9%22.8%-0.9%

Return vs Industry: LGBFORGE underperformed the Indian Machinery industry which returned 23.5% over the past year.

Return vs Market: LGBFORGE exceeded the Indian Market which returned -1.7% over the past year.

Price Volatility

Is LGBFORGE's price volatile compared to industry and market?
LGBFORGE volatility
LGBFORGE Average Weekly Movement10.7%
Machinery Industry Average Movement6.5%
Market Average Movement6.9%
10% most volatile stocks in IN Market9.9%
10% least volatile stocks in IN Market4.5%

Stable Share Price: LGBFORGE is more volatile than 90% of Indian stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: LGBFORGE's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of Indian stocks.

About the Company

FoundedEmployeesCEOWebsite
2006235Vijayakumar Rajvirdhanhttps://www.lgbforge.com

LGB Forge Limited manufactures and sells forged and machined components in India and internationally. The company offers auto, electrical, and transmission forged components to automobiles and non-automotive segments. It also provides hot, hot and warm, and cold forging products.

LGB Forge Fundamentals Summary

How do LGB Forge's earnings and revenue compare to its market cap?
LGBFORGE fundamental statistics
Market Cap₹2.12b
Earnings (TTM)₹34.43m
Revenue (TTM)₹1.30b

61.6x

P/E Ratio

1.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
LGBFORGE income statement (TTM)
Revenue₹1.30b
Cost of Revenue₹668.83m
Gross Profit₹631.72m
Other Expenses₹597.30m
Earnings₹34.43m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.14
Gross Margin48.57%
Net Profit Margin2.65%
Debt/Equity Ratio30.0%

How did LGBFORGE perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is LGBFORGE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for LGBFORGE?

Other financial metrics that can be useful for relative valuation.

LGBFORGE key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.7x
Enterprise Value/EBITDA23.5x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does LGBFORGE's PE Ratio compare to its peers?

LGBFORGE PE Ratio vs Peers
The above table shows the PE ratio for LGBFORGE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average24.8x

Price-To-Earnings vs Peers: LGBFORGE is expensive based on its Price-To-Earnings Ratio (61.6x) compared to the peer average (24.8x).


Price to Earnings Ratio vs Industry

How does LGBFORGE's PE Ratio compare vs other companies in the Indian Machinery Industry?

Price-To-Earnings vs Industry: LGBFORGE is expensive based on its Price-To-Earnings Ratio (61.6x) compared to the Indian Machinery industry average (24.2x)


Price to Earnings Ratio vs Fair Ratio

What is LGBFORGE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

LGBFORGE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio61.6x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate LGBFORGE's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of LGBFORGE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate LGBFORGE's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate LGBFORGE's fair value for valuation analysis.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate LGBFORGE's PEG Ratio to determine if it is good value.


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Future Growth

How is LGB Forge forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


19.0%

Forecasted Capital Goods industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as LGB Forge has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


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  • Examine LGB Forge's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  • LGB Forge competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has LGB Forge performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


56.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: LGBFORGE has high quality earnings.

Growing Profit Margin: LGBFORGE's current net profit margins (2.6%) are lower than last year (3.7%).


Past Earnings Growth Analysis

Earnings Trend: LGBFORGE has become profitable over the past 5 years, growing earnings by 56.1% per year.

Accelerating Growth: LGBFORGE's earnings growth over the past year (0.3%) is below its 5-year average (56.1% per year).

Earnings vs Industry: LGBFORGE earnings growth over the past year (0.3%) underperformed the Machinery industry 42.4%.


Return on Equity

High ROE: LGBFORGE's Return on Equity (8.8%) is considered low.


Discover strong past performing companies

Financial Health

How is LGB Forge's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: LGBFORGE's short term assets (₹630.6M) exceed its short term liabilities (₹436.1M).

Long Term Liabilities: LGBFORGE's short term assets (₹630.6M) exceed its long term liabilities (₹19.8M).


Debt to Equity History and Analysis

Debt Level: LGBFORGE's net debt to equity ratio (29.2%) is considered satisfactory.

Reducing Debt: LGBFORGE's debt to equity ratio has reduced from 264.8% to 30% over the past 5 years.

Debt Coverage: LGBFORGE's debt is not well covered by operating cash flow (19.1%).

Interest Coverage: LGBFORGE's interest payments on its debt are not well covered by EBIT (2.2x coverage).


Balance Sheet


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Dividend

What is LGB Forge current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate LGBFORGE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate LGBFORGE's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if LGBFORGE's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if LGBFORGE's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as LGBFORGE has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

4.4yrs

Average management tenure


CEO

Vijayakumar Rajvirdhan (38 yo)

4.42yrs

Tenure

₹1,790,000

Compensation

Mr. Vijayakumar Rajvirdhan, B.Sc, IME has been Managing Director of LGB Forge Ltd. since 2018. Mr. Rajvirdhan served as Compliance Officer of LGB Forge Ltd.from October 25, 2012 to 30 January 2014 and its...


CEO Compensation Analysis

Compensation vs Market: Vijayakumar's total compensation ($USD22.90K) is below average for companies of similar size in the Indian market ($USD38.35K).

Compensation vs Earnings: Vijayakumar's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: LGBFORGE's management team is considered experienced (4.4 years average tenure).


Board Members

Experienced Board: LGBFORGE's board of directors are not considered experienced ( 0.5 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

LGB Forge Limited's employee growth, exchange listings and data sources


Key Information

  • Name: LGB Forge Limited
  • Ticker: LGBFORGE
  • Exchange: NSEI
  • Founded: 2006
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Implied Market Cap: ₹2.120b
  • Shares outstanding: 238.20m
  • Website: https://www.lgbforge.com

Number of Employees


Location

  • LGB Forge Limited
  • 6/16/13, Krishnarayapuram Road
  • Ganapathy
  • Coimbatore
  • Tamil Nadu
  • 641006
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/24 00:00
End of Day Share Price2022/06/24 00:00
Earnings2022/03/31
Annual Earnings2022/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.