294.80 1.00 (0.34%)
NSEJan 15, 2021 03:31 PM
The 3 reports from 2 analysts offering long term price targets for LG Balakrishnan & Bros Ltd. have an average target of 284.00. The consensus estimate represents a downside of -3.66% from the last price of 294.80.
|Summary||Date||Stock||Broker||Price at Reco.||Target||Price at reco|
Change since reco(%)
|2020-12-04||LG Balakrishnan & Br.. +||Geojit BNP Paribas||266.45||292.00||266.45 (10.64%)||Target met||Accumulate|
Geojit BNP Paribas
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....
|2020-06-18||LG Balakrishnan & Br.. +||CD Equisearch||219.45||276.00||219.45 (34.34%)||Target met||Buy|
Festered by niche metal forming business, LGB reported nearly 12.9% drop in revenues last quarter to Rs 356.31 crs compared to Rs 408.85 crs in the same period a year ago. OPMs as a result shrunk to the lowest level in at least eight quarters - 9.6% Vs 10% in the same quarter a year...
|2020-03-16||LG Balakrishnan & Br.. +||Geojit BNP Paribas||183.90||239.00||183.90 (60.30%)||Target met||Buy|
Geojit BNP Paribas
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...
|2019-10-29||LG Balakrishnan & Br.. +||CD Equisearch||265.95||265.95 (10.85%)||Buy|
Buffeted by near dreadful state of Indian automobile industry, LG Balakrishnan's revenues (standalone) slid for the first time in five quarters (down by 6.7%), more precariously by 11% from that in the just preceding quarter. Consolidated revenue plunge barely soothe nerves (down 6%). The fall was led by its flagship transmission business for its revenues fell by 7.6% yoy (11.2% q-o-q)., while revenues of its value enhancing metal...
|2019-05-07||LG Balakrishnan & Br.. +||Geojit BNP Paribas||349.00||400.00||349.00 (-15.53%)||Accumulate|
Geojit BNP Paribas
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. Q4FY19 revenue grew by 11%YoY due to 12% growth from the chain transmission segment and 9% from the metal forming.. EBITDA margin declined by 370bps due to Higher RM cost. RM/ Sales for the quarter witnessed upside of 300bps. PAT de-grew by 39%YoY added by higher depreciation cost. LGB to benefit from the new capacity addition and its strong...
|2019-02-18||LG Balakrishnan & Br.. +||CD Equisearch||376.05||544.00||376.05 (-21.61%)||Buy|
Fortified by no smallish rise in revenues of metal forming business (up 37.5%), overall revenues rose by a barely depressing 21.5% last quarter. Belying historical trends, revenues of its flagship transmission business has grown in high double digits for three quarters in a row , galvanized by overall volume growth in excess of 20% in 9MFY19, thus reflecting gains in OEM market share. Buoyancy in both fine products and machining business drove recovery in metal forming business, whose revenues surge by a...
|2018-05-03||LG Balakrishnan & Br.. +||Geojit BNP Paribas||644.50||675.00||644.50 (-54.26%)||Pre-Bonus/|
Demand outlook strong --- Valuation caps upside LG Balakrishnan & Bros (LGB) is India's leading manufacturers in 2wheeler chain transmission (Drive chains) and sprockets with a domestic market share of 75% and around 50% in the replacement market....
|2018-02-28||LG Balakrishnan & Br.. +||CD Equisearch||1094.00||1234.00||1094.00 (-73.05%)||Target met||Buy|
Spurred by sturdy off take of its value-enhancing metal forming business (+22.7%), LGB's revenue growth in Q3 rose at the highest rate (19.8%) in at least ten quarters , resurrecting its revenue share to 18.6% from just 16.3% a year ago; 9MFY18's at 18.3% Vs 17% in the same period a year ago. Buttressed by higher margins in its effervescent transmission business (11.4% Vs 7.3%) as well as metal forming business (14.1% Vs 6.1%), PBT...
|2017-05-12||LG Balakrishnan & Br.. +||CD Equisearch||687.95||808.00||687.95 (-57.15%)||Target met||Buy|
After dropping to multi-quarter low in Q3 largely due to demonetization of high value Indian currency, LGB's sales growth recovered sharply in Q4 (+12.6% ) - at least a twelve quarter high . Revenues of both the transmission and metal forming businesses leapt in excess of 14%, coming at a time when transmission business fodder two-wheeler sales in the country slid 2.3% y-o-y; motorcycle sales dropped 4.2%.. Transmission business EBIT margins expanded too: 9.4% Vs 8.1% in the same quarter a year ago. Sturdy revenue booking of the metal forming...
|2016-11-30||LG Balakrishnan & Br.. +||Karvy||611.80||672.00||611.80 (-51.81%)||Target met||Buy|
Strong Q2FY17 Performance, Betting on Further Growth Prospects: LGB posted a strong revenue growth of 17.3% QoQ to Rs.3100 Mn, in Q2FY17compared to Q1FY17. The EBITDA margin expanded by 394 bps in Q2FY17, QoQ and EBITDA increased to 60.3% in Q2FY17 compared to Q1FY17 on a QoQ basis.The company showed a strong volume growth, by 10.1% YoY, including marginal gains in other operating income. PAT has tremendous rise with 122.4% on a QoQ basis with Rs. 211 Mn compared to Rs.95Mn in Q1FY17.
|2016-11-02||LG Balakrishnan & Br.. +||CD Equisearch||692.40||847.00||692.40 (-57.42%)||Target met||Buy|
If recent trend in sales of LG Balakrishnan is anything to go by, then the domestic two wheeler industry is showing discernible signs of revival. Income from operations (standalone) jumped 10.1% to Rs 309.95 crs ($46.5m) in Q2 - the best reading in last nine quarters - not least due to hefty rise in bellwether transmission business sales (10.2%), catapulting its revenue share to 79.1%. Slackness in two wheeler industry in last few years could do little to prevent massive rise in transmission business revenue (standalone) share - 78.8% in FY16 from 67.3% in FY13....
|2016-06-07||LG Balakrishnan & Br.. +||Karvy||460.35||549.00||460.35 (-35.96%)||Target met||Buy|
LGB manufactures major products like Transmission chains, Forged metal parts and other critical components. LGB occupies 70% market share in supplying Drive chains to the OEMs. Major part of the revenue is generated from domestic market and 10% is from Exports to USA, Europe and Australia. LGB has 17 chain manufacturing units with advanced technical know-how; and with focused innovation, it places great emphasis on R&D;.
|2015-11-05||LG Balakrishnan & Br.. +||Angel Broking||448.95||448.95 (-34.34%)||Pre-Bonus/|
LG Balakrishnan & Bros (LGBBL) reported a slightly better-than-expected standalone topline and bottom-line growth for 2QFY2016. The Transmission segment, which contributed ~79% to the companys total standalone revenue, reported a growth of 11% yoy, while the Others segment reported a decline on the sales front. On the bottom-line (standalone) front, the company unperformed due to subdued sales growth and poor operating performance. Top-line grew by ~6% yoy: The standalone top-line grew by ~6% yoy to ~Rs282cr, which is higher than our estimate of ~Rs267cr. The Transmission segment revenue was up ~11% yoy; the segment accounted for ~79% of the standalone revenue of the company. The Others segment reported a decline in sales. Poor operating performance and lower other income mar profitability: The company reported an operating profit of ~Rs36cr, which is down 0.2% yoy. The operating margin contracted by by 74bp yoy to 12.8%, primarily on account of higher employee costs and other expenditure. The reported standalone net profit declined by ~19% yoy to ~Rs17cr, but is higher than our estimate of ~Rs16cr. However, on adjusting for the one-time exceptional gain incurred in 2QFY2015, the PAT during 2QFY2016 actually grew by 5% yoy. Outlook and valuation: LGBBL is a market...