LGB Forge
Market Cap
₹881.3m
Last Updated
2021/04/21 12:07 UTC
Data Sources
Company Financials
Executive Summary
LGB Forge Limited manufactures and sells forged and machined components in India. More Details
Risk Analysis
Snowflake Analysis
Excellent balance sheet with acceptable track record.
Similar Companies
Share Price & News
How has LGB Forge's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: LGBFORGE is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: LGBFORGE's weekly volatility (7%) has been stable over the past year.
Market Performance
7 Day Return
-1.3%
LGBFORGE
-1.3%
IN Machinery
-0.8%
IN Market
1 Year Return
85.0%
LGBFORGE
76.2%
IN Machinery
62.7%
IN Market
Return vs Industry: LGBFORGE exceeded the Indian Machinery industry which returned 78.9% over the past year.
Return vs Market: LGBFORGE exceeded the Indian Market which returned 66% over the past year.
Shareholder returns
| LGBFORGE | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.3% | -1.3% | -0.8% |
| 30 Day | -1.3% | -2.8% | -1.7% |
| 90 Day | -1.3% | 9.8% | 2.0% |
| 1 Year | 85.0%85.0% | 78.8%76.2% | 65.2%62.7% |
| 3 Year | -7.3%-7.5% | 3.0%-1.6% | 21.6%15.5% |
| 5 Year | -31.3%-31.5% | 52.2%42.5% | 76.9%63.3% |
Long-Term Price Volatility Vs. Market
How volatile is LGB Forge's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
Have LGB Forge Limited (NSE:LGBFORGE) Insiders Been Selling Their Stock?1 month ago | Simply Wall St
Don't Ignore The Fact That This Insider Just Sold Some Shares In LGB Forge Limited (NSE:LGBFORGE)Valuation
Is LGB Forge undervalued compared to its fair value and its price relative to the market?
93.42x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: LGBFORGE (₹3.7) is trading above our estimate of fair value (₹0.86)
Significantly Below Fair Value: LGBFORGE is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: LGBFORGE is poor value based on its PE Ratio (93.4x) compared to the IN Machinery industry average (22.3x).
PE vs Market: LGBFORGE is poor value based on its PE Ratio (93.4x) compared to the Indian market (18.3x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate LGBFORGE's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: LGBFORGE is overvalued based on its PB Ratio (2.9x) compared to the IN Machinery industry average (1.4x).
Future Growth
How is LGB Forge forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
17.2%
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.
Past Performance
How has LGB Forge performed over the past 5 years?
32.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LGBFORGE has high quality earnings.
Growing Profit Margin: LGBFORGE's current net profit margins (1.2%) are higher than last year (1%).
Past Earnings Growth Analysis
Earnings Trend: LGBFORGE has become profitable over the past 5 years, growing earnings by 32% per year.
Accelerating Growth: LGBFORGE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: LGBFORGE had negative earnings growth (-20.2%) over the past year, making it difficult to compare to the Machinery industry average (-7%).
Return on Equity
High ROE: LGBFORGE's Return on Equity (3%) is considered low.
Financial Health
How is LGB Forge's financial position?
Financial Position Analysis
Short Term Liabilities: LGBFORGE's short term assets (₹449.8M) exceed its short term liabilities (₹371.6M).
Long Term Liabilities: LGBFORGE's short term assets (₹449.8M) exceed its long term liabilities (₹35.7M).
Debt to Equity History and Analysis
Debt Level: LGBFORGE's debt to equity ratio (29.9%) is considered satisfactory.
Reducing Debt: LGBFORGE's debt to equity ratio has reduced from 208.3% to 29.9% over the past 5 years.
Debt Coverage: LGBFORGE's debt is well covered by operating cash flow (75.4%).
Interest Coverage: LGBFORGE's interest payments on its debt are not well covered by EBIT (1.1x coverage).
Balance Sheet
Dividend
What is LGB Forge current dividend yield, its reliability and sustainability?
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.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of LGBFORGE's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.5yrs
Average management tenure
CEO
Vijayakumar Rajvirdhan (37 yo)
3.25yrs
Tenure
₹3,300,000
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 ($USD43.75K) is about average for companies of similar size in the Indian market ($USD41.67K).
Compensation vs Earnings: Vijayakumar's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
Experienced Management: LGBFORGE's management team is considered experienced (2.5 years average tenure).
Board Members
Experienced Board: LGBFORGE's board of directors are seasoned and experienced ( 13 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: LGBFORGE insiders have only sold shares 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 company bio, 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
- Market Cap: ₹881.349m
- Shares outstanding: 238.20m
- Website: https://www.lgbforge.co.in
Number of Employees
Location
- LGB Forge Limited
- 6/16/13, Krishnarayapuram Road
- Ganapathy
- Coimbatore
- Tamil Nadu
- 641006
- India
Listings
Biography
LGB Forge Limited manufactures and sells forged and machined components in India. The company offers auto, electrical, and transmission forged components to automobiles and non-automotive segments. Its pro...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/21 12:07 |
| End of Day Share Price | 2021/04/20 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/03/31 |
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.