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. Q3FY21 revenue grew by robust 23%YoY due to strong festive demand and superior product mix. The chain transmission segment grew by 24%YoY while the metal forming by 18%YoY. 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 FY22E-23E...