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 12% and factor 11% revenue CAGR over FY21E-23E Q2FY21 revenue grew by marginal 1%YoY due to lower demand. The chain transmission segment grew by 9%YoY while the metal forming and subsidiaries registered negative growth....