LG Balakrishnan & Bros (LGB) is India's leading Manufactures in 2Wchain transmission (Drive chains) and sprockets with a domestic market share of 75% and around 50% in replacement market. LGB to benefit from the new capacity addition and its strong client base. We expect the revenue from Transmission to grow by 11% and factor 8% revenue CAGR over FY20E-22E owing to subdued growth from metal forging business Q3FY19 revenue de-grew by 7%YoY due to flat growth from the chain transmission segment and 33%YoY from the metal forming...